Chart 1 Hatten's chart as of 10 Jul 17

Hatten Land – chart looks positive on several fronts! (10 Jul 17)

Pursuant to my previous write-up on 23 May 2017 (click HERE for the earlier write-up) citing the oversold nature on Hatten’s chart, Hatten has surged 20.2% from $0.183 on 23 May 2017 to close $0.220 on 10 Jul 2017. Hatten’s chart looks positive on several fronts.   Chart analysis Based on Chart 1 below, Hatten’s chart seems to have several positives. a) It is evident that the recent price increase is accompanied with volume. On the days which Hatten falls, it is accompanied with lower than average volume; b) A double bottom formation seems to have formed with the neckline breakout […]

Billion market cap stocks with 3% dividend 12 Jun 17

Billion market cap stocks with >=3% dividend yield (12 June 17)

Business Times has an interesting article published today “High-yielding billion-$ stocks go beyond STI”. However, I noticed in the article, it did not list all the stocks with market cap >=S$1 billion and dividend yields >=3%. Therefore, I have sourced data from Bloomberg and have compiled a list of Singapore listed stocks with the following criteria: a) Market capitalisation in SGD terms >= S$1 billion; b) Estimated dividend yields >= 3%. Furthermore, I have sorted the stocks with the above criteria, sorted by total potential return (i.e. Potential capital gain + estimated dividend yield). Table 1 lists the top 5 […]

Sapphire chart as of 2 Jun 17

Sapphire – 4 interesting updates which market may have ignored (2 Jun 17)

Since my last company update on Sapphire on 10 Mar 2017 (see HERE), Sapphire has unveiled other interesting updates. Although the share price did appreciate 15% from $0.310 on 10 Mar 2017 to a high of $0.355 on 3 Apr 2017, it has since slid back to $0.320 on 2 Jun 2017. What are the recent updates and why are they interesting?   Strategic collaboration with Beijing Enterprises Water and China Railway On 16 May 2017, Sapphire announced that its wholly owned infrastructure business, Ranken has entered strategic partnerships with major Chinese conglomerates and state-owned enterprises to explore civil engineering […]

Figure 3_Profits

Capital world has tumbled 46% since 29 Mar 17. What gives? Will it fall further? (1 Jun 17)

Capital World (formerly known as Terratech Group Limited) has slumped a whopping 46% from its intraday high of $0.240 on 29 Mar 2017 to close $0.130 on 1 Jun 2017. What has happened to cause such a massive fall? Will it fall further?   Company description Capital World is an innovative property developer that works with landowners on a joint venture basis to create value added property developments. Such joint venture requires minimal capital outlay and maximises investment returns. It is currently developing Project Capital City, an integrated property project comprising a retail mall, hotel and serviced suites and serviced […]

Chart 1 Hatten's chart as of 23 May 17

Hatten Land – extremely oversold RSI 15; Analyst TP: $0.435 vs closing price $0.183 (23 May 17)

Hatten Land has dropped 39% from an intraday high of $0.300 on 28 Feb 2017 to close $0.183 on 23 May 2017. What has caused the sharp decline? Where is the bottom?   Possible reasons for the decline Personally, I believe the recent decline may be attributed in part to the following: a) Hatten reported losses for its 3QFY17 results due mainly to the RM87.8m expenses incurred in relation to the professional fees and acquisition costs arising from the Reverse Takeover exercise (“RTO”). It is noteworthy that these expenses are once off and non-cash in nature [click HERE for Hatten’s […]

Table 1_Top five stocks with the highest estimated total potential returns

Ernest’s market opinion (19 May 17)

Dear all Below is my personal opinion on the market. As previously mentioned to my clients, I aim to reduce my percentage invested in stocks (currently around 130% invested), especially the non-performing stocks, with no immediate near term catalysts. I am cautious on the market in the next 1-2 months because a) The large market run up year to date. STI has appreciated approximately 12% YTD and 22% for the past one year; b) June is likely to be a quiet month as most companies have reported results and some of the blue chips have already ex dividend. i.e. limited […]

Singpost chart as of 9 May 17

Chart alerts for ISOTeam and Singpost (9 May 17)

Two charts have caught my attention, one potentially bullish (Singpost) and the other one potentially bearish (ISOTeam). Below are my personal views.   1. ISOTeam – hanging near critical support Based on Chart 1 below, ISOTeam has been trading in an approximately 10 month range $0.370 – 0.430 since Jul 2016. Most exponential moving averages (“EMAs”) such as 20D, 50D and 100D are sliding and compressing. This compression is usually unsustainable over the long term and may signify a possible significant price movement. ADX closed at 24. Although the directional indicators (“DIs”) are positively placed, +DI is turning downwards quite […]

Banyan Tree chart as of 17 Apr 17

Banyan Tree – collaborations with AccorHotels and Vanke may spark re-rating (17 Apr 17)

Banyan Tree recently clinched two noteworthy strategic partnership with AccorHotels and Vanke on 8 Dec 2016 and 23 Jan 2017 respectively. Since 23 Jan 2017, Banyan has largely traded between $0.465 – 0.530. It closed at $0.510 on 17 Apr 2017. If a company can catch the eyes of China’s largest property player Vanke and Europe’s largest hotel group / the world’s fifth largest hotel group AccorHotels, there must be some merit to it. I have managed to fix an exclusive 1-1 meeting with Mr Eddy See, Group MD and Mr Clement Ong, Head of Strategic Planning & Investment (“Management”) […]

Midas chart as of 7 Apr 17

6 concerns investors have with Midas (7 Apr 17)

Midas has slumped 14% post a 76% growth in its FY16 results. It closed at $0.225 on 7 Apr 2017 which was near the all-time closing low of $0.210. Some of my high net worth clients have told me their concerns on Midas. I have since met Mr Patrick Chew, CEO of Midas and Mr Liaw Kok Feng, CFO Midas for a 1-1 discussion. Here are my key takeaways.   Key takeaways from my concerns posed to the management Concern 1: Orders momentum have slowed for its aluminium extrusion segment According to management, they remain positive for their aluminium extrusion […]

Table 1_Geo Energy vs Golden Energy

Golden Energy – 4th largest in Indonesia but share price lags Geo Energy by a mile! (27 Mar 17)

Golden Energy (“GEAR”) has slumped 21% from $0.655 on 12 Dec 2016 to $0.515 on 27 Mar 2017. Compare this with a 47% rally in Geo Energy’s share price over the same period. Moreover, GEAR has slumped 10% post its results notwithstanding the strong set of results. Why is this so? I have managed to fix an exclusive 1-1 meetup with Mark Zhou, Head of investments, GEAR (“Management”) to find out more about the company’s business and prospects.   Key takeaways from the meetup Bullish on FY17F Management continues to be bullish about its outlook. Based on Chart 1 below, Indonesia, […]