City Developments - RHB Invest 2016-07-07: Acquisition of remaining 50% stake in Nouvel 18

CITY DEVELOPMENTS LIMITED C09.SI 

City Developments - Acquisition of remaining 50% stake in Nouvel 18

• City Developments (CDL) acquired the remaining 50% stake in Nouvel 18 from its JV partner Wing Tai Land Pte. Ltd. for an aggregate consideration of SGD411m. 
• Nouvel 18 located at 18 Anderson road is a 156-unit freehold site and is within walking distance to Orchard road shopping belt. The site was acquired in 2007 for SGD477.7m (SGD1,650 psf ppr) and was completed in Nov 2014. No units has been sold till date.

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Property Singapore - UOB Kay Hian 2016-07-07: Taking Charge Of Nouvel 18

Singapore Property WING TAI HLDGS LTD W05.SI  CITY DEVELOPMENTS LIMITEDC09.SI  HO BEE LAND LIMITED H13.SI  CAPITALAND LIMITED C31.SI 

Property − Singapore: Taking Charge Of Nouvel 18

• The deal paves the way for CDL to unlock value from Nouvel 18 in a potential third PPS transaction, while allowing Wing Tai to recycle capital and avoid hefty extension charges. 
• Watch out for a special dividend from Wing Tai. 
• We see signs of residential price floor formation and believe the market has over-discounted the negative prospects for the sector. 
• We maintain OVERWEIGHT with CapitaLand and City Developments as our top picks.

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Singapore Post Ltd - CIMB Research 2016-07-07: If we were the new CEO...

Singpost SINGAPORE POST LIMITED S08.SI 

Singapore Post Ltd - If we were the new CEO...

• SPOST is in the process of searching for a new CEO. We outline the key priorities that we think he/she could focus on, especially coming on board in a tough year.
• We think impairment of goodwill for TradeGlobal (TG) could be on the cards, given aggressive growth assumptions, although Jagged Peak (JP) is likely to be spared.
• A cut in DPS from 7 Scts to 6.25 Scts makes sense amid high capex in FY17-18. It will run out of cash in FY3/17 if the share issuance and Alibaba JV fall through.

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Viva Industrial Trust - OCBC Investment 2016-07-07: Initiate with BUY

VIVA INDUSTRIAL TRUST T8B.SI 

Viva Industrial Trust: Initiate with BUY

• 58.1% of portfolio in business parks
• S$6.9m in additional NPI by FY18
• FY16F DPU yield of 9.8%

Business Park-focused REIT

• Viva Industrial Trust (VIT) is a Singapore- focused REIT which primarily invests in business parks and industrial real estate assets. 
• Its current portfolio comprises eight industrial properties with a NLA of 3.0m sq ft. 

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SMRT Corporation - OCBC Investment 2016-07-07: Defects on trains covered under warranty

SMRT CORPORATION LTD S53.SI 

SMRT Corporation Ltd: Defects on trains covered under warranty

• An article reported by Hong Kong media on Tuesday revealed that several of Singapore’s first China-made trains operated by SMRT Corporation Ltd (SMRT) are being shipped back to their manufacturers (i.e. CSR Qingdao Sifang and Kawasaki Heavy Industries) for structural defects. 

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Jumbo - Market Depth on Buyers

Jumbo just ran after my Tuesday post on the weak retailers selling. The Big Fish came in earlier and the stock just shot up as shown in the 5 min chart. As per my study of the market depth on Tuesday, I shared that it revealed plethora information of the turning point and indeed today it turned up.

http://stockmarketmindgames.blogspot.sg/2016/07/jumbo-selling-happened-in-my-watchlist.html

The market depth today seemed to be more sellers instead. I believe this breakout could be fake in the very short term. Congrats to those who went long.



Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Top Volume - Some Popping Action

The market today sudden had some vibrant activity with stocks running in the background. Overall it looks mix but there were some popping of hidden buying which to the naked eye, it's hard to determine but for the trained eye, everything seemed so obvious. Carefully watching for blue chips now for the right timing before going for a long.



Ronald K - Market Psychologist - A Stock Market Opportunist