Sing medical analyst target price 2 Oct 18

Sing Medical trades near one year low despite a 70% jump in 1HFY18 net profit! (3 Oct 2018)

This week, Sing Medical (“SMG”) caught my attention. SMG has dropped 39% from $0.725 on 18 Jul 2017 to trade $0.440 on 3 Oct 2018. My personal guess is part of the fall may be attributable to a) Lower, or no earnings growth for some of the healthcare players in FY18F. However, this is likely not the case for SMG, as analysts believe SMG is on track for a minimum 40% growth in FY18F net profit. It is noteworthy that SMG already posted a 70% jump in 1HFY18 net profit; b) Reduction in the general PE valuations ascribed to the […]

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 […]