Starburst – building order books; bright outlook (24 Aug 2020)

In May 2019, I met Starburst’s Managing and Executive Director Mr Yap Tin Foo. Since Mar 2020, Starburst has been on a roll in winning contracts and I believe it is an opportune time to meet Mr Yap again. Despite Mr Yap’s busy schedule, he agrees to meet me on 1-1 basis to share his company’s business operations and prospects. Below are some of my takeaways from my discussion with him and from its recent results briefing.   Company description Quoting from Starburst’s press release, it is an engineering specialist in a niche industry, and designs, fabricates, installs and maintains […]

China Everbright Water and NetDragon look interesting… (30 Jul 2020)

This week, notwithstanding the continuous interest in glove companies, pharmaceutical companies etc, there are some companies which seem to have some steady inflows, based on chart observations. Two companies come to my mind, namely NetDragon and China Everbright Water Limited (“CEWL”). What is so interesting about the above companies? Let’s take a closer look at its chart and other noteworthy points. 1. NetDragon – on an uptrend, with all 13 analysts calling it a BUY Company description – before I delve into the chart… Some readers may not be familiar with NetDragon (HKSE: 0777). According to NetDragon company description, it […]

China Everbright Water – bullish break above trading range (10 Jun 2020)

This week, China Everbright Water Limited (“CEWL”) catches my attention this week. Since 17 Mar 2020, CEWL has been trading sideways from $0.200 – 0.230. Based on chart, CEWL seems to be on the verge of a breakout. It last trades at $0.235. What is so interesting about CEWL? Let’s take a closer look at its chart and other noteworthy points.   CEWL – Broke out of 2+ month trading range with volume expansion Bullish chart underpinned by rising EMAs and volume Based on Chart 1 below, since 17 Mar 2020, CEWL has been trading sideways from $0.200 – 0.230. […]

Sunpower and Unusual – stocks with interesting charts (26 Nov 2019)

On 6 Nov 2019, I posted an article (using data as of 5 Nov) on my blog with regard to two stocks, namely ISOTeam and Sunpower (click HERE) for their potential bullish chart developments amid volume expansion. ISOTeam touched an intraday high of $0.250 last Friday and Sunpower traded to an intraday high of $0.600 on 18 Nov 2019 as compared to $0.240 for ISOTeam and $0.525 for Sunpower at the time of my write-up. Since then, Sunpower has seen some significant profit taking and touched an intraday low $0.510 on 21 Nov. For Sunpower, I have taken profit when […]

Sunpower – price action & bullish divergence warrant a closer look (20 Dec 18)

Dear readers, Some of you have sent me emails to express concerns whether I am still maintaining my blog, as I have not posted an article in the past couple of months. Thanks for the concern and emails. It warms my heart that there are readers who are actively following my blog. Something happened to my family which caused me unable to post articles on a timely basis. (My clients are still receiving some periodic short writeups on the market and specific companies during this period) Anyway, I am glad to be back to work this week! This week, Sunpower’s […]

Sunpower slips into bear market territory – Buying opportunity or falling knife? (24 Oct 18)

This week, Sunpower attracts me due partly to the industry which it is in; the recent US$180m investments made by DCP and CDH into Sunpower whose market cap is only around US$206m, and the considerable 40% share price decline since hitting an intra-day high of $0.645 on 28 Jun 2018 to trade $0.385 today. Let’s take a look.   Description of Sunpower Based on Sunpower’s description, it is an environmental protection solutions specialist in proprietary energy saving and clean power technologies. It has two main business segments, viz. Manufacturing & Services (“M&S”) and Green Investments (“GI”). M&S segment comprise of […]

Moya’s major shareholders raise stake (13 Jul 2018)

On 6 Jul and 9 Jul, there were separate announcements on SGX that Tamaris Infrastructure (Salim controlled vehicle and major shareholder) and Gateway have raised their stake in Moya. What is so interesting about this?   Proposed rights at $0.095 at no discount On 22 May 2018, Moya announced that it is proposing renounceable non-underwritten rights issue to raise funds for a) Finance its Build, Operate and Transfer projects; b) Loan repayment; c) Potential acquisition   There are three main interesting aspects on this rights issue, namely: 1.The rights were issued at no discount Typically, when a company issues rights, […]

Oxley – poised to benefit from Singapore’s property market upturn (10 Apr 18)

Dear all, Do you know that Oxley has the largest residential land bank in Singapore by number of dwelling units, based on an article in the Business times dated 23 Jan 2018? Based on a flash estimate from the Urban Redevelopment Authority, Singapore private home property prices jumped 3.1% in the three months to Mar 2018. This was the fastest since 2010. Notwithstanding such buoyant sentiment in home prices, Oxley’s share price has recently dropped to near six month low levels. Thus, I think it may be worthwhile to take a look at Oxley.   First, a description of Oxley […]

Hatten Land Limited – “Capitaland” of Malacca (10 Mar 17)

For those who have gone to Malacca, they may have seen some of the developments by Hatten Land. Some may have gone as far to say that Hatten Land in Malacca may be considered as our “Capitaland” (to some extent) in Singapore. For those who are not familiar with Hatten Land, below is a short write-up.   Company description Hatten Land is the property development arm of the conglomerate Hatten Group with business in property development, property investment, hospitality, retail and education. Based on their circular, Hatten Land’s core business (See Table 1 below), is to sell all developed units […]

Chiwayland – Aiming to be an international property developer; trading at 0.4x P/BV! (14 Sep 16)

While doing my usual stock screening, Chiwayland pops out as one of the undervalued companies, based on price to book valuation metric. Coupled with its recent multitude of positive announcements, I decide to take a look at this company.   Company description According to Chiwayland’s press release, its properties span across the heart of the Yangtze River Delta Region, including Shanghai, Suzhou and Nanjing. To date, Chiwayland has completed 11 property developments with an aggregate total GFA exceeding 2.0 million square metres, and is ranked as one of the Top 100 Real Estate Development Enterprise. In 2014, the Group embarked […]