Summarised useful information on SIN – listed Reits 26 Nov 10

Summarised useful information on SIN – listed Reits 26 Nov 10 – Part 1 Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) First Ship Lease SGD 0.435 0.623 43.1% 0.66 0.36 260.4 First Reit SGD 0.970 1.21 24.7% 0.99 0.75 268.2 Macquarie Intl SGD 0.555 0.690 24.3% 0.60 0.43 720.3 Pacific Shipping USD 0.355 0.410 15.5% 0.37 0.26 274.5 Cache Logistics SGD 0.955 1.15 20.7% 1.02 0.88 605.3 Lippo-Mapletree SGD 0.525 0.600 14.3% 0.56 0.42 567.9 Frasers Centrepo SGD 1.46 1.72 17.6% 1.60 1.20 1,120.7 Cambridge […]

Summarised useful info on STI component stocks dated 26 Nov 10

Summarised useful info on STI component stocks dated 26 Nov 10 – Part 1 Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) Singapore Airlin SGD 15.42 18.77 21.7% 16.56 13.24 18,459.8 Comfortdelgro Co SGD 1.50 1.80 20.3% 1.69 1.38 3,133.1 Noble Group Ltd SGD 2.05 2.48 20.9% 2.23 1.54 12,352.7 Capitaland Ltd SGD 3.73 4.48 20.1% 4.38 3.46 15,898.5 Wilmar Internati SGD 6.07 7.25 19.4% 7.29 5.25 38,810.8 United Overseas SGD 18.38 21.03 14.4% 21.08 17.84 28,675.4 Sembcorp Indus SGD 4.95 5.66 14.4% 5.01 3.40 8,837.5 […]

Opportunistic play on Broadway

Pursuant to the write-up on Broadway on 2 Nov 10, Broadway has slid to $0.985 in line with the weak market. I have mentioned that $1.01 and $0.935 are major support regions. This write-up is purely on an opportunistic play (long position) on Broadway with a horizon of 1-3 months, given the oversold position elaborated below. Extremely oversold With reference to Chart 1, it is apparent that RSI has declined to levels not seen since Jan 2009. In fact, throughout Broadway’s listed history since 1994 (excluding the dire period from Dec 08 – Jan 09), there has been approximately 20 […]

Broadway – Share price slumped 9% after results

Broadway released a set of results, slightly below consensus estimates, causing the share price to slump 9% as at Friday. Nevertheless, if one looks at the analyst target price (Figure 1), one would have noted the significant discrepancies between the various research houses. There are three “buy” calls as opposed to one “hold” call. Average consensus target is $1.62. Figure 1: Analyst target prices on Broadway Source: Bloomberg as of 28 Oct 10 Let’s take a look at its results tabulated below. Table 1: Snapshot of Broadway’s results   3QFY10 3QFY09 % chg 9MFY10 9MFY09 % chg Sales (S$m) 144.7 […]

Summarised useful information on SIN – listed Reits 16 Nov 10

Summarised useful information on SIN – listed Reits 16 Nov 10 – Part 1 Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) First Ship Lease SGD 0.44 0.62 41.5% 0.66 0.36 263.4 First Reit SGD 0.955 1.21 26.7% 0.99 0.72 264.1 Macquarie Intl SGD 0.56 0.69 23.2% 0.60 0.40 726.8 Pacific Shipping USD 0.345 0.41 18.8% 0.37 0.26 264.6 Cache Logistics SGD 0.955 1.16 21.1% 1.02 0.88 605.3 Lippo-Mapletree SGD 0.52 0.60 15.4% 0.56 0.42 562.5 Frasers Centrepo SGD 1.45 1.71 17.7% 1.60 1.15 1,113.0 Cambridge […]

Summarised useful info on STI component stocks dated 16 Nov 10

Summarised useful info on STI component stocks dated 16 Nov 10 – Part 1 Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) Singapore Airlin SGD 15.76 18.76 19.0% 16.56 13.24 18,863.9 Sembcorp Indus SGD 4.79 5.59 16.7% 5.01 3.40 8,551.8 Comfortdelgro Co SGD 1.52 1.76 15.7% 1.69 1.38 3,174.9 United Overseas SGD 18.34 21.06 14.8% 21.08 17.84 28,613.0 Capitaland Ltd SGD 3.82 4.40 15.1% 4.38 3.46 16,282.1 Wilmar Internati SGD 6.32 7.31 15.6% 7.29 5.25 40,471.2 Noble Group Ltd SGD 2.07 2.38 14.8% 2.23 1.54 12,468.1 […]

CSE posted a good set of 3QFY10 results

CSE posted a good set of 3QFY10 results on 11 Nov, after the close of trade. Revenue rose 7% from $102M in 3QFY09 to $109M in 3QFY10. Net profit rose 19% from $12M in 3QFY09 to $14M in 3QFY10. EPS rose 12% from 2.5SGD cts in 3QFY09 to 2.8SGD cts in 3QFY10. Excluding FX translation effects, 3QFY10 revenue and net profit would have risen by 14% and 26% respectively. Some interesting points 4Q should be stronger with more recognition from more projects; Contract wins should be stronger underpinned by gas projects in UAE, Australia and healthcare projects in the UK Dividend […]

Fuxing – backed by $0.14 of cash

Fuxing China (“Fuxing”) piques my interest as analysts have ascribed an average target price of $0.27 which last traded at $0.16. This represents a whopping 69% potential upside. Dividend yield is around 4.3%. Below is a summary of Fuxing. Description of Fuxing China Fuxing is located in Jinjiang City and commands an estimated 4% market share in the PRC zipper industry, lagging behind the industry leader Fujian SBS with a 5% market share. Except for the colour dyeing process in zipper chains and electro-plating process in zipper sliders, Fuxing is a vertically integrated zipper manufacturer and the 2nd largest in […]

Sino Grandness results review

3QFY10 Results Revenue rose 50% from RMB128M in 3QFY09 to RMB192M in 3QFY10. NPAT surged 54% from RMB25M in 3QFY09 to RMB39M in 3QFY10. EPS rose 54% from 9.5 RMB cents in 3QFY09 to 14.6 RMB cents in 3QFY10. Table 1: Analysts’ target prices for Sino Grandness Amfraser DMG Poems UOB Kayhian Sino Grandness Sino Grandness 26-Oct-10 16-Aug-10 07-Oct-10 02-Mar-10 9MFY10 1HFY10 Rev (RMB m) 602.3 644.6 607.4 568.3 435.7 243.8 Net Profit (RMB m) 96.3 101.1 97.2 80.1 79.6 40.9 EPS (SGD cts) 7.4 8.4 8.1 5.9 5.8 3.0 Valuation methodology 7.5x FY10E earnings 6x FY10E earnings 7x FY10E […]