Dear all The past week is filled with numerous earning calls and meetings. This article is written on 29 Feb with all data correct as of 29 Feb. In the interests of time, I decide to publish this article on my blog as per what I wrote to my clients on 29 Feb. Seatrium has fallen 15% from $0.104 on 21 Feb to trade $0.088. It reported results on 26 Feb morning. Given current low price and the upcoming investor day on 15 Mar, Seatrium seems to be an interesting stock worth a closer look. I have summarised the basis and risks here. First, a summary of results FY23 revenue was S$7.3b vs S$1.9b in F ..read more

Dear all Just wish to alert that Capitaland Investment (CLI) is trading at an all-time low since its move to privatise its development arm and spin off its fund-management and property-investment business (refer to Business Times’ link HERE). As I am writing this article, CLI has tumbled approximately 14% from $3.19 on 2 Jan 2024 to trade $2.75 today. If it closes at $2.75 today, it will be an all-time low closing price. The recent decline is accompanied with above average volume. Although such price action is not ideal, I wish to discuss a few points below on why I think it is interesting. &n ..read more

Dear all Just wish to alert on Seatrium’s chart development which may be noteworthy. Seatrium has tumbled approximately 26% from $0.120 on 2 Jan 2024 to $0.089 today. In fact, the sell-off has accelerated in the past ten trading days. Since 29 Jan, Seatrium has slid approximately 18% from $0.108 to $0.089 today. This 18% decline is accompanied with above average volume. Although such price action is not ideal, I wish to point out a few points. a) Crucial resistance-turned-support area $0.087-0.088 likely will hold Based on Chart 1 below, Seatrium is now testing a crucial resistance-turned-supp ..read more

Dear all It has been an extremely busy period for me. Since August, I have stepped up my meetings with C suite management from the listed companies’ and their investor relations. Readers can click my LinkedIn (HERE) for some of the companies whom I met on a 1-1 basis. Notwithstanding my busy schedule, I have constantly updated my clients with news flow and market observations. In the interests of time, the below is a brief market observation on China Aviation Oil (CAO) and why it interests me.   Firstly, what does CAO do? CAO is the largest physical jet fuel buyer in the Asia Pacific regi ..read more

Dear all With reference to my market write-ugp dated 23 Oct (click HERE), where I mentioned that I was buying on dips and was judiciously using leverage via my newly open margin account to accumulate stocks, S&P500 has rallied 8.6%. However, STI is still languishing at almost similar level vs my write-up. Post my write-up, some readers and clients have enquired on the margin account. Hence, I have done a short write-up on margin financing. What is margin financing? What are the things we should be aware of? Read on for more below.   A) What is margin financing? Margin Financing is a c ..read more

Dear all It has been some time since I last wrote an article on market outlook. I have been extremely busy for the past three months where I have been meeting companies and other associates. (Check out my LinkedIn HERE). I have also just arranged an exclusive meetup with Lendlease Reit Manager CEO, Kelvin Chow and Head of Investor Relations, Ling Bee Lin with my clients last Friday. (Click HERE). As of last Friday, Lendlease Reit’s market capitalisation is around S$1.16b. With reference to Chart 1 below, October continues to see the third monthly outflows of funds from China equity market ..read more

Dear all With reference to my technical write-up on Boustead Singapore dated 23 Jun (click HERE), I pointed out that Boustead Singapore seems to be poised for a bullish breakout. It closed at $0.825 on 23 Jun and subsequently jumped 9% to touch an intraday high of $0.900 on 26 Jul. This compares favourably to STI which generated a 4.0% over the same period. Another stock, Civmec has recently caught my attention due to its chart development which may portend a potential bullish breakout. It closed $0.805 on 8 Sep. First of all, let’s understand what Civmec does.   Description of Civmec Bas ..read more

Dear all CDL Hospitality Trust (CDREIT) has caught my attention after slumping from $1.19 on 31 Jul to close $1.03 on 31 Aug. After taking into account of $0.0251 dividend per share ex on 4 Aug, it is still down 11.6% for the month, notching a multi-month low despite a likely buoyant 2HFY23F. Let’s take a closer look on why CDREIT has caught my attention.   Firstly, why did it drop 12% in Aug? The drop in CDREIT’s share price may be attributed to three main reasons, viz. a) 1HFY23 results missed some analysts’ estimates 1HFY23 results released on 28 Jul missed some analysts’ estimates. As ..read more

Dear all Recently, Genting Singapore, a supposedly recovery play, closed at a near eight-month low price. It caught my attention especially after Las Vegas Sands (LVS) reported results on 19 Jul 2023. LVS reported a good set of results and indicated that there is scope for further improvement, as China tourists have not come back in full force yet. While the details (such as VIP volume growth and win percentage) may differ markedly from LVS (i.e., Marina Bay Sands) and Genting Singapore, generally speaking, the good set of results in MBS increases the chance that Genting Singapore may report s ..read more

Dear all Two weeks ago, I mentioned that some reits’ charts (click HERE) have caught my attention. On a fundamental basis, besides Lendlease Reit (Click HERE for my key takeaway from my 1-1 meeting with Lendlease Reit Manager CEO), Sasseur Reit has caught my particular attention. What first caught my attention was that Sasseur Reit has seen three analyst initiations in less than two months! There are now six research houses actively covering Sasseur Reit. This is quite a feat for a China reit to attract such wide analyst coverage on a relative basis, as it is common knowledge that Chinese reit ..read more