Sino Grandness – Slid 19% after strong 1Q results

Sino Grandness (“SFGI”) has dropped 19% since its results release on 10 May 2011. This was sharper than the 5.3% corresponding decline seen in the FTSE ST China Index. What has happened and will SFGI continue its decline on the back of souring sentiment on the entire S chips sector? First, a snapshot on its 1QFY11 results Revenue rose 131% from RMB76.9m in 1QFY10 to RMB177.6m in 1QFY11. NPAT surged 374% from RMB6.6m in 1QFY10 to RMB31.3m in 1QFY11. EPS rose 346% from 2.6 RMB cents in 1QFY10 to 11.6 RMB cents in 1QFY11. To put the numbers in perspective, […]

Dividend Yielding Stocks with mkt cap>S$1B

Short Name Cur Last Price Analyst Consensus Px Chg from consensus TP 52 Wk High 52 Wk Low Adj Mkt Cap (S$m) 2011F PE 2011F Div Yield Potential (cap gain + div yield) Starhub Ltd SGD 2.72 2.82 3.6% 2.90 2.23 4,664.0 15.3 7.3% 10.9% Mapletree Log Tr SGD 0.91 1.04 14.6% 1.00 0.82 2,195.8 14.4 7.2% 21.8% Ascott Residence SGD 1.16 1.33 14.9% 1.29 1.06 1,305.3 17.3 7.2% 22.1% Mapletree Indust SGD 1.16 1.28 10.2% 1.20 0.93 1,696.7 16.1 7.1% 17.3% Starhill Global SGD 0.63 0.72 15.8% 0.66 0.55 1,214.4 13.6 6.7% 22.5% Fortune Reit HKD 3.79 4.37 15.4% […]

China Animal – A potential double bottom in the making?

China Animal Healthcare Ltd. (“CAL”) seems to be on the verge of completing a double bottom formation, if it can break the neckline at $0.280 with volume expansion. For the uninitiated, CAL has three main business divisions outlined in Table 1 below. Table 1: Outline of the respective business divisions S/No Business division Percentage of FY10 revenue Remarks a) Powdered drugs 69.6% Usually for poultry such as chickens as they have no taste buds. Marketed through its extensive retail network. b) Injection drugs 5.7% More applicable for livestock such as pigs, cows and sheep. Marketed through its extensive retail network. […]

End of QE2 = End of stock rally?

One of the most talked about topics in the financial arena is the impending end of Quantitative Easing 2 dubbed (“QE2”). So what is QE2? Does the end of QE2 signify the end to the stock market rally? Any possibility of QE3? For the purpose of this write-up, I have presented the gist of my thoughts in the form of Questions and Answers in an abridged manner to answer some of your queries. Q1. What is QE2? What does it achieve? A1: QE is an alternative monetary policy tool to stimulate the economy by driving down long term interest rates […]