Singtel chart 3 Jul 18

Singtel hits multi-year low and all time oversold since 2000! (3 Jul 2018)

Singtel closed -$0.03 to $3.02, the lowest close since Jun 2012. Based on Bloomberg, it is trading at approximately 5.9% estimated div yield. Ave analyst target is around $3.92. Hence total potential upside is around 35.7%. What has happened to Singtel which hit multi-year lows despite analysts’ buy calls? Is this a buying opportunity? Or is it a falling knife?   Singtel – takeaways from some analyst reports The recent weakness in Singtel may be attributed to its challenging industry, especially when the industry faces new entrants in both Singapore and Australia. Although Singtel may lack near term catalysts, based […]

DBS analyst TP 26 Mar 18

DBS – potential trading idea going to XD (26 Mar 18)

Dear all, Based on a simple tracking of DBS’ share price performance from CD to XD, on average, DBS seems to move approximately 4-9% above its CD price, nearer to XD (translating to around S$27.86-29.13). See Table 1 below. DBS is going to XD $1.10 on 3 May. Table 1: DBS’ share price performance from CD to XD Source: Ernest’s compilations   What are the analysts saying? Based on Figure 1 below, average analyst target is around $31.15. At $27.21, this represents a potential capital upside of around 14.5%. Estimated div yield is around 4.1%. There are 17 buy; 6 […]

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Can $ComfortDelGro(C52) regain its customers of taxi service? (1 Mar 17)

Can $ComfortDelGro(C52) regain its customers of taxi service? (guest post) Brief Background of ComfortDelGro: ComfortDelGro Corporation Limited is a Singapore-based investment holding and management services company. It operates in eight segments: 1) Bus & bus station 2) Rail 3) Taxi 4) car rental and leasing 5) automotive engineering services 6) inspection and testing service 7) driving centre and 8) insurance broking services and outdoor advertising.   Summary of ComfortDelGro’s recent financial performance:  The group maintains a steady growth of net profit despite a slight revenue decline caused by unfavourable currency translation this year. With the entrance and fierce competition brought by Uber […]