Search Results for: ipo

Gaylin Holdings Limited (Preview)

Just after i complained about a Singapore IPO Famine on Tuesday, someone asked me today if I want to subscribe for the placement shares of the upcoming company – Gaylin Holdings Limited. The draft prospectus is here. Finally i see some decent local company going for IPO! Hence the reason for the preview this time (usually i not so free :-P). Anyway, the indicative issue statistics as follows: Existing no. of shares = 300m. New shares to be issued pursuant to the IPO = 110m No vendor share sale IPO price = S$0.35 – S$0.37 Total IPO raising =...

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Manchester United (MANU): Score Own Goal!

No disrecpect to Man Utd fans… Stocks Investing and success in the Premier League are 2 different things. Base on the current chart and Man Utd’s fundamental, there is only one direction of the stock price, ie. down! Immediate Resistance: $12.80 Next Support: $11.29 (use 161.8% Fibonacci Retracement Level to estimate) Another Facebook IPO in making conning investor’s money – poor earning and fundamental, hype up with high valuation with “future hope”…. BTW, sad for investors but joy for traders! Have fun shorting!   Key Statistics for MANU Current P/E Ratio (ttm) – Estimated P/E (06/2012 ) 44.2808 Earnings...

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Singapore REITs Comparison Table for Dividend Investment – Sep 2012

Latest Comparison table for Singapore REIT in terms of Market Cap, PE ratio, NAV, Gearing Ratio, Distribution Yield and Asset Type. Added: Far East Hospitality Trust (recent IPO) Far East Hospitality Trust Prospectus Property of Far East HTrust – Hotels & Service Apartments. Last comparison table of Singapore REITs. Some readers requested me to conduct class to teach how to select a right REIT for dividend investing and explain the terminology of financial ratio of the above table. Please check out the class detail on REIT investing by clicking HERE (REIT Investing...

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Weekly Technical Update – 10 Year T- Note

Thanks for “risk free” return. Operation Twist as defined by the Federal Reserve (FED) is planning to sell Short-term bonds (up to 2-year bond prices down, yields up) and using the proceeds to buy Long-term bonds (bond prices up, yields down). Aim is to reduce long-term interest rates to encourage long-term borrowing to fund investments.   Because of this Operation, it has been an animal instinct to take advantage of situation.  If you know that someone is going to buy something (@ prevailing market price), you would like to engage the activity of “Buy High, Sell Higher”…...

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Be my friend today!

It was an interesting weekend. Time flies, August just came to an end and our neighbor celebrated its National Day as well.  I was quite “sad” to see the growth of my friends slowing down after its launch in July. I was cracking my head to stop this “correction” from going on. hahaha (I think i am getting crazy :P) and have set for myself a target to get 1,000 friends by end of 31 Dec 2012. Do you think it is achievable? Let’s have a monthly or bi-weekly progress update for the next 3 months and i will share with...

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My Investment Portfolio (August 2012)

August 2012 is another quiet month for the markets. Almost nothing much to write about in terms of news flow, although companies having financial year ending June 2012 had reported their full-year results. On the IPO front, Far East Hospitality Trust seem to attract good investor support. For this month, I have attended the following AGMs/EGMs/briefings – Zagro Asia, Petra Food, Hanwell, Frencken, Stamford Tyres, Popular Holdings, Freight Links and Raffles Education. For my top 30 holdings, Haw Par is a new entry as I have accumulated the stock this month. Transpac Industrial Holdings also returned to the list...

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Oxley Holdings Ltd – a decent set of FY2012 results but was disappointed in the stock split and rights issue……

Oxley Holdings Ltd – a decent set of FY2012 results but was disappointed in the stock split and rights issue…… Wednesday, 29 August, 2012  1:50 PM Posted by Kevin Scully No major surprises in the 2012 results  I have liked Oxley Holdings since its IPO and especially after management executed their plans and sold more than S$1.3bn in property to be recognised over the next few years.  A change in accounting treatment for the recognition of property income, ie progressive for residential and on completion for industrial and commercial affected Oxley’s profit recognition and by default its dividend payout....

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Far East Hospitality Debut – Above Expectations

Far East Hospitality Trust listed on SGX mainboard on 27th Aug, 1 day ago, to a end day closing price of S$0.95. That represented a jump of 2cents from its IPO offer price. The ‘pop’ was also quite considerable considering that it reached a high of 0.98 before closing at 0.95. Today, the stock saw further buying pressure to close at $0.975 with a high of $0.98. That represents a 4.83% gain from IPO offer price of $0.93. Pretty impressive debut for a REIT-styled counter factoring into consideration that its IPO was priced on the top of the indicative...

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Far East Hospitality Trust Balloting Results

Far East Hospitality Trust released its balloting results this evening. The response was pretty good with the public tranche 14.6x oversubscribed and even the over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c. The balloting table are presented below for your convenience. The probability of getting the shares are pretty good at 40% or better. My balloting results I have another 4 lots from placement tranche, looks like a good IPO year for me? Happy...

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How Low Can Facebook (FB) goes?

Is it good time to buy Facebook now after dropping 50% since the IPO? Personally I don’t feel it is the right time to long the stock yet base on both Technical and Fundamental Analysis. However, it is a RIGHT time to short Facebook instead because fundamentally FB is over value and technically FB is bearish and continue down trend without any support base on history! So, how low can Facebook go and when is the right entry level? Hmmm… I don’t have the answer and I will let the chart to tell me. Technically Facebook has broken the...

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Far East Hospitality Trust

Far East Hospitality Trust (“FEHT”) is a Singapore-Focused Hotel and Service Residence Hospitality Trust. An update from an earlier blog posting, FEHT has priced its offering at the highest end of the range of 93 Singapore cents.The final prospectus is here if you need it. The initial portfolio will consist of 11 properties of seven hotels and 4 service apartments. The Sponsor is part of the Far East Organization. FEHT’s Market share It is interesting to see the diagram on the left where it declares itself as having a leading market share for both service residences and mid tier...

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Healthway Medical Corp Ltd – Turnaround probably not in the short term

Healthway Medical Corp is one of the few companies in the healthcare sector listed on the SGX, operating the biggest clinic network in Singapore. Other than operating GP clinics and dental services, they are also involved in specialist & wellness healthcare division which is involved in Paediatrics, Orthopaedics and Aesthetic Medicine. Figure 1 – Income Statement FYI, 2005 to 2007 results are PRO FORMA results found from the IPO prospectus and hence might differ from the actual figure that you see from the FY 2008 annual report. In fact, the pro forma result in 2007 is the highest level...

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Straco nearly doubles quarterly profits

Straco Corp announces their Q2 2012 profits. You can view the results [here]. It would seem that since IPO in early 2003 they have been profitable every year. The great thing about Straco is that they do not need much maintenance capital expenditure. And if they need, they are funded by interest income from their huge cash holdings. Recently, they started buying back shares. This is also a form of rewarding shareholders, but if they are trading higher then net asset value I wonder if it is really a good way of rewarding us. They are earning roughly 13%...

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My views on Far East Hospitality Trust

Some time back ago, I received a query from a reader asking for my views on Far East Hospitality Trust IPO. As mentioned in one of my previous posts, normally I refrain from giving advices on IPO, especially business trusts or REITs. I must admit that my knowledge in business trusts and REITs is lacking. But then again, investors needs to understand that business trusts and REITs are very different from shares trading in the stock market. The structure and nature of the business model can be quite complicated for the man in the street to comprehend. For example, investors need to...

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