Wilmar – An opportunistic play

Before I start, I will like to state that this short write up is to highlight a possible opportunistic play on Wilmar and not an in depth analysis on Wilmar’s fundamentals. Table 1: Wilmar’s statistics vis-à-vis its peers Companies Px on 22 Sep 10 (S$) Px on 5 Oct 10 (S$) % chg Analysts’ Consensus TP (S$) Potential Capital Gain (%) Forecast PE (x) ROE (%) Forecast Div Yield (%) *Total Potential Return (%) Golden Agri 0.58 0.58 0% 0.65 12.2% 14.1 12.1% 1.3% 13.5% Indofood  2.28 2.31 1% 2.62 13.5% 16.8 17.6% 0.8% 14.2% Kencana 0.405 0.40 -1% 0.39 […]

News update – 7 Oct 10

Wall Street Update and Outlook Previous close Chg % chg DOW 10,967.65 22.93 0.21% Nasdaq 2,380.66 -19.17 -0.80% S&P 1,159.97 0 0.00% Source: Yahoo Finance Broader market trade lacked direction in the early going. Stocks were unable to build on the prior session’s big bounce mostly because of disappointment over the September ADP Employment Change. Selling pressure picked up midsession, but both the Dow and S&P 500 were able to retrace the slide. For a time the Dow fractionally extended its five-month high, but the S&P 500 could not confirm the move. In the end, the Dow and S&P 500 […]

Wall Street Update and Outlook Previous close Chg % chg DOW 10,751.27 -78.41 -0.72% Nasdaq 2,344.52 -26.23 -1.11% S&P 1,137.03 -9.21 -0.80% Source: Yahoo Finance Broad-based selling dropped stocks for sizable losses Monday. The slide found support at last week’s lows, though. Action was a bit choppy in the early going, but with neither concerted nor clear leadership sellers were able to claim control. Materials stocks were hit with the worst – they dropped 1.4% as steel stocks sank 2.4% and shares of diversified metals and miners dropped 2.1%. Tech stocks were among the heaviest drags, though, given that the […]

News update – 4 Oct 10

Wall Street Update and Outlook Previous close Chg % chg DOW 10,829.68 41.63 0.39% Nasdaq 2,370.75 2.13 0.09% S&P 1,146.24 5.04 0.44% Source: Yahoo Finance The major indices settled with slight losses after a week of relatively range-bound trade. Corporate news was light and economic data came in mixed, with an upside surprise to consumer spending and disappointing consumer sentiment reading. The stock market may have ended September in lacklustre fashion, but the month’s overall return was anything but that. The S&P 500 gained 8.8%, marking the best month since April 2009 and the best September since the 1930s. Personal […]

CSE Global – record results underpinned by buoyant orderbooks (1 Sep 2010)

CSE Global (“CSE”) is a leading systems integrator with an international presence spanning Americas, Asia Pacific, Europe, Africa and the Middle East. It specializes in delivering process control systems; turnkey telecommunication network solutions; integrated Clinical Information System and intelligent transport solutions. It has a diversified portfolio of blue chip clients in the energy, chemical/petrochemical, utilities, financial and public sectors like transport authorities, amongst others CSE derived the bulk of its revenue from the oil and gas industry. In fact, 66% of its 2QFY10 revenue (amounting to S$73.0m) was derived from the oil and gas sector. The next largest sector was […]