GKE Corp – A possible turnaround story unfolds (17 Jun 16)

June 20, 2016 el15

On 16 Oct 2015, after seeing GKE Corp garnering significant media attention upon entering into a sales and leaseback agreement with Viva Industrial Trust for GKE’s existing headquarters cum warehouse property located at 30 Pioneer Road, I wrote a write-up on GKE. (See here for my previous write-up) Most of the updates outlined in my previous write-up have occurred, thus it is apt to provide an update on GKE’s upcoming developments in 4QFY16F (Financial year ends in May) and FY17F and beyond. Gain of S$12m to be recognized in 4QFY16F According to GKE’s announcement, the disposal of 30 Pioneer […]

STI dives 130 pts in 1 week! Time to buy in? (16 Jun 16)

June 17, 2016June 17, 2016 el15

STI has tumbled 130 points, or 4.5% from an intraday high of 2,882 on 9 Jun 2016 to close 2,752 on 16 Jun 2016. The recent rapid sell off seems to reveal some interesting opportunities especially for those readers who have taken profit and moved to mostly cash (similar to me) since last week. Like most people, I am not clairvoyant and am not always able to catch the lowest level to buy into stocks. Also, I will not know for sure whether: 1. Brexit will occur; 2. What is the exact impact (short term, medium term, long term […]

Brexit – which are the companies most exposed to UK? (15 Jun 16)

June 15, 2016 el15

Dear all At the time of writing this article, STI has tumbled 121 points, or 4.2% from an intraday high of 2,882 on 9 Jun 2016 to trade at 2,761 on 15 Jun 2016. With Brexit’s concerns hanging over the equity markets like a sword of Damocles, I believe it is apt to review which are the companies with significant exposure to UK. According to a UOB Kayhian report dated today, Ascott Reit, City Development, CDL Hospitality, Comfort Delgro, Fraser Hospitality Trust, Ho Bee and SembCorp Industries were cited as companies with significant exposure to UK. (See Table 1 below) […]