Stock Exchange

Thursday, 7 July 2016

Sarine Technologies - Maybank Kim Eng 2016-07-07: Diamond in the rough

SARINE TECHNOLOGIES LTD U77.SI

Sarine Technologies (SARINE SP) - Diamond in the rough

Guided for 2Q16 revenue to exceed USD20m…

Sarine guided that 2Q16 revenue could exceed USD20m due to positive midstream profitability that continued to drive manufacturing activities.
The company delivered a record of 20 Galaxy-related machines in 2Q16 (1Q16: 18, 2Q15: 6), of which 10 were for the new Meteor, eight Solaris and two Galaxy Ultra. This development supports our views expressed on 25 May 2016, The Path to Normalcy, where we highlighted industry data points that suggest recovery remains on track.

Unmasking Asia Thematic Research Series - Maybank Kim Eng 2016-06-29: The Singapore Fix

Singapore Strategy

Unmasking Asia Thematic Research Series - The Singapore Fix

With sub-2% GDP growth expectations and EPS contractions for equities, Singapore is struggling.
Some of the attributes that have been responsible for its success so far are, ironically, stifling its further growth. These include appreciating property prices, high wage growth, high savings rates and lower returns from overseas investments.
While the government has been evolving steps to address these, we think that radical changes are called for – if not already afoot - to guard against a precipitous loss of Singapore’s relevance to global markets.

QT Vascular - DBS Research 2016-07-04: Healthcare Sector Explorations

QT VASCULAR LTD 510.SI

QT Vascular (QTVC SP)

QT Vascular (QTVC) is engaged in the the design, assembly and distribution of balloon catheters used in angioplasty.
The company has been loss-making for at least the past 6 years due to a combination of high expenses (R&D, marketing, litigation) and sales volumes below break-even levels; it is now considering a sale of key assets.
At 4.1x Price/Sales, the group trades at a c.27% premium to regional and global medical device makers.

Monthly Statement - June Profits

Just received my monthly statement from UOB Kayhian and my June profits was great for a good investment start. As we are now currently in July, I am expecting a slower return but my stock is still performing at a good rate. My portfolio currently hold at one stock and I am heavily invested for a longer swing for a bigger return. This shall be my long term investment.

As for short term trades, I am constantly looking for good counters for trading in/out. The market has now reached a critical point where I am quite careful of some major turning points. Picking the right stock is important but timing the market conditions carefully will be the key. I hope to send out more Whatsapp alerts soon. Stay tune.

Ronald K - Market Psychologist - A Stock Market Opportunist

Mapletree Commercial Trust - DBS Research 2016-07-07: Proposed acquisition of Mapletree Business City

MAPLETREE COMMERCIAL TRUST N2UY.SI

Mapletree Commercial Trust (MCT SP) - Proposed acquisition of Mapletree Business City

Proposed acquisition of Mapletree Business City (MBC) Phase 1 for S$1.78bn or 5.6% implied FY15/16 NPI yield.
3% accretion to proforma 6MFY17 DPU and 2% uplift to NAV per unit.
New exposure to the business park segment and Singapore’s decentralisation theme.

SGX Stock Alert: Volume & Price Breakout on 2016-07-07

Stocks closed at 60 days high with above average volume

Stock	Last Traded on 2016-07-07	Vol on 2016-07-07	Price Range of Prev 60 Days	Avg Vol of Prev 60 Days	Vol Ratio
CNMC GOLDMINE HOLDINGS LIMITED (5TP.SI)	SGD 0.610	47634800	0.220 - 0.530	5130428	9.3x
ANCHOR RESOURCES LIMITED (43E.SI)	SGD 0.140	69528100	0.093 - 0.138	8227682	8.5x
SINGAPORE O&G LTD. (41X.SI)	SGD 0.985	967200	0.755 - 0.980	123053	7.9x
VIBRANT GROUP LIMITED (BIP.SI)	SGD 0.380	1426500	0.315 - 0.375	241743	5.9x
COGENT HOLDINGS LIMITED (KJ9.SI)	SGD 0.610	4485100	0.445 - 0.595	898860	5.0x
FORTUNE REAL ESTATE INV TRUST (F25U.SI)	HKD 9.570	1149900	8.210 - 9.400	270008	4.3x
TTJ HOLDINGS LIMITED (K1Q.SI)	SGD 0.365	407300	0.280 - 0.350	117055	3.5x
INNOVALUES LIMITED (591.SI)	SGD 1.105	7728200	0.890 - 1.095	2770260	2.8x
FRASERS COMMERCIAL TRUST (ND8U.SI)	SGD 1.325	1782600	1.225 - 1.320	767916	2.3x
PARKWAYLIFE REIT (C2PU.SI)	SGD 2.640	1081100	2.380 - 2.580	518831	2.1x
M1 LIMITED (B2F.SI)	SGD 2.830	2705400	2.320 - 2.790	1375235	2.0x
MAPLETREE INDUSTRIAL TRUST (ME8U.SI)	SGD 1.790	4458300	1.565 - 1.780	2611704	1.7x
CHINA AVIATION OIL(S) CORP LTD (G92.SI)	SGD 1.300	2647100	0.810 - 1.290	1994587	1.3x
CEI CONTRACT MANUFACTURING LTD (AVV.SI)	SGD 0.760	41700	0.640 - 0.745	34188	1.2x
VGO CORPORATION LIMITED (PH0.SI)	SGD 0.220	41200	0.054 - 0.215	40227	1.0x

Stocks closed at 60 days low with above average volume

Stock	Last Traded on 2016-07-07	Vol on 2016-07-07	Price Range of Prev 60 Days	Avg Vol of Prev 60 Days	Vol Ratio
PAN HONG HOLDINGS GROUP LTD (P36.SI)	SGD 0.167	141000	0.174 - 0.194	5650	25.0x
HOCK LIAN SENG HOLDINGS LTD (J2T.SI)	SGD 0.335	1073500	0.340 - 0.420	292484	3.7x
HALCYON AGRI CORPORATION LTD (5VJ.SI)	SGD 0.715	3492200	0.720 - 0.740	1039915	3.4x
KOH BROTHERS GROUP LIMITED (K75.SI)	SGD 0.260	200000	0.265 - 0.305	64437	3.1x
FIRST RESOURCES LIMITED (EB5.SI)	SGD 1.525	7363500	1.540 - 2.050	3258045	2.3x
SIN HENG HEAVY MACHINERY LTD (BKA.SI)	SGD 0.345	47000	0.350 - 0.460	23142	2.0x
EZION HOLDINGS LIMITED (5ME.SI) XR	SGD 0.450	18741400	0.460 - 0.600	11537782	1.6x

Wednesday, 6 July 2016

Mapletree Commercial Trust - Maybank Kim Eng 2016-07-07: Transformative Acquisition

MAPLETREE COMMERCIAL TRUST N2UY.SI

Mapletree Commercial Trust (MCT SP) - Transformative Acquisition

Positive on major acquisition; U/G to HOLD

MCT’s proposed SGD1.86b acquisition of Mapletree Business City Phase 1 (MBC1) will transform it to having 24% exposure to business parks — the real estate sub-sector with the best supply/demand outlook.
Acquisition is at market price and estimated to be funded 53:47 equity/debt.
DPU accretion raises FY3/17-19 estimates by 3.2-5.5%. U/G to HOLD with TP revised to SGD1.56 from SGD1.35.