Tuesday, February 28, 2012

Yongnam: FY 2011 results.

Went through Yongnam's FY2011 results as I munched on my lunch of wholemeal bread with margarine. I am very impressed with the results. For a company in a sector which is expected to suffer from the vicissitudes of cyclical effects with weak margins, it has done really well.

Year on year, revenue dipped 0.7% while gross profits improved 8.2%. Gross profit margin improved from 28.6% to 31.1%!

Sunday, February 26, 2012

Sheng Siong: A good investment for income?

Last year in August, Sheng Siong's IPO created a bit of a buzz. The company promised a pay out ratio of 90% in FY 2011 and FY 2012 to woo investors and offered shares to the public at 33c a piece. It was 1.3x oversubscribed.

For FY2011, net profit fell 36.1% while revenue fell 8%. Net profit margin declined to 4.7% in FY2011 from 6.8% in FY2010. This is although gross profit margin improved 

Saturday, February 25, 2012

Trading to put food on the table.

I read an article in today's Sunday Times by Goh Eng Yeow on how to sniff out good stocks to invest in. However, I am not going to blog about sniffing out potential winners in the stock market. I am going to blog about something that's probably less exciting: the day trader who wrote to him saying how he lost a big fortune in the stock market last year.

"With mounting bills, and zero financial

Friday, February 24, 2012

OCBC Research: Industrial REITs.

I came across an interesting piece of research by OCBC on industrial REITs in Singapore and would like to share the salient points here (some of which I have mentioned before in my blog):

Industrial REITs reported healthy 4Q11 results.

Industrial REITs appeared to outperform market expectations.

Expecting stable performance.

Operating metrics still healthy.

Earnings likely to stay

Thursday, February 23, 2012

Hock Lian Seng: 2c dividend per share.

On 17 October 2011, I looked at Hock Lian Seng's numbers after observing how insiders were buying up its shares at 23.5c a piece. I decided that its numbers were decent enough and that it would probably be able to pay a dividend of 1.5c a share.

I bought more shares at 24c a piece while waiting to see if price would fall closer to its NAV per share. Prices did go lower and touched a low of 21c

Wednesday, February 22, 2012

Yongnam: Smart money is accumulating.

OBV is used to detect distribution and accumulation activities. This, in itself, might not be very useful apart from providing material for a chit chat over tea. Looking at OBV together with price movement, however, could be rewarding.

A simple technical analysis suggests that smart money is accumulating shares of Yongnam.

Look at how the OBV has been gradually rising although its share price

Monday, February 20, 2012

HY Markets.

Who are HY Markets?
“HY Markets is a division of the Henyep Group, a global diversified conglomerate with business in financial services, property, education, and charity spanning 3 continents and 20 countries worldwide. The Henyep Group of companies are registered and authorized in world-leading jurisdictions including London, United Arab Emirates, and Hong Kong. This provides clients with the

A movie: John Carter.

From Academy Award®–winning filmmaker Andrew Stanton comes “John Carter” — a sweeping action-adventure set on the mysterious and exotic planet of Barsoom (Mars).

“John Carter” is based on a classic novel by Edgar Rice Burroughs, whose highly imaginative adventures served as inspiration for many filmmakers, both past and present.

The film tells the story of war-weary, former military captain

Saturday, February 18, 2012

AK71 gets recognition from the government!

Some time back, I wrote about how I was asked to take part in Eldershield. That blog post generated many good comments, putting forth arguments for and against me taking up Eldershield.

In the end, I decided to take up Eldershield because of an appeal by LP, the blog master of "Bully the Bear". He said "...  I wish to appeal to your sense of public charity - help contribute to the pool of

Friday, February 17, 2012

LMIR: 4Q 2011 results.

In recent weeks, I noticed that in some publications including The Business Times which compare high yielding stocks in Singapore, LMIR's distribution yield was overstated probably based on historical quarterly DPU. Historically, LMIR's quarterly DPU hovers at around 1c.

Recently acquired Pluit Village.

Personally, I estimated the DPU after acquisitions and rights issue to be closer to 3.26c

Wednesday, February 15, 2012

STI breaks 3,000 points and stays above 3,000 points!

Although I am keeping to my pledge to spend more time with my family this year, I am also blogging less frequently because work got a bit more demanding.

I might have some spare time occassionally but instead of blogging, I just feel like spending time with a book or watching some movies on my iPad.

I know that some readers are lamenting the recent paucity of blog posts in ASSI and I

Friday, February 10, 2012

CapitaMalls Asia: Net profit up 42.6%.

In July last year, I put in a buy order for shares of CapitaMalls Asia because I felt its numbers showed it to be doing well but buying when its price was still firmly in a downtrend proved to be a mistake.

More than half a year later, fundamentally, things are still looking strong while technically, the downtrend has been broken, presenting a more promising picture.

I would be rather surprised

Thursday, February 9, 2012

Saizen REIT: 1H FY2012 DPU of 0.61c.

The strong JPY is a boon for Saizen REIT unitholders as it lifted distributable income in S$ terms as well as the NAV per unit.

A DPU of 0.61c has been declared for 1H FY2012 and is payable on 6 March 2012. At a unit price of 15c, this represents an annualised distribution yield of 8.1% which is not bad at all.

NAV per unit stands at 35c.

I continue to like the fact that Saizen REIT owns

Saturday, February 4, 2012

Economics 2012: Off the top of my head.

I have been doing more thinking. OK, so what's new?

In recent weeks, the stock markets rallied and with the strong closing on Wall Street last night, they look like they could move even higher next week.

The bulls say that the tide has turned and things are moving higher from here and that we should buy stocks on pull backs. The bears say that what we have seen recently is just a bear

Friday, February 3, 2012

Win cash, prizes and a trip to the USA!

Watch videos made by tech fanatics, vote for your favourites and you could win cash, prizes and a trip to the USA!

Watch the videos and cast your vote here:

Win a trip to Krabi!

Do you want to win a trip for 2 to Krabi worth S$5,000?

You might just win if you take part in a simple contest organised by DUREX in conjunction with Valentine's Day:

Durex Love Box Pose and Post Photo Contest.

Find out how to participate here:

Thursday, February 2, 2012

Courage Marine: Chance to cut loss.

With the BDI sinking amidst a worsening situation of overcapacity and economic malaise in Europe, the rally in Courage Marine's share price provided a chance for me to cut my long exposure with minimal losses.

We are also blessed to have an industry insider, Jason, amongst the regular readers of ASSI and if the evidence provided is anything to go by, the bleak situation for bulk carriers looks

Wednesday, February 1, 2012

NOL: Cutting losses on a strong rebound.

Months ago, I made an ill fated decision to go long in NOL. It was a decision based purely on TA and it was a trade that went awry. Straying from my tried and tested methodology of FA + TA plus a lack of a cut loss price has resulted in holding on to paper losses. I should perhaps stick to what I know best.

In more recent times, I traded shares of NOL and made some money. I bought as its price

A musical: Girl Talk.

The last time I watched a musical was years ago. I think it was Phantom of the Opera. Well, now, there is a new musical coming to town, Girl Talk!

Girl Talk follows three radio DJs: the eccentric Barbara, the rambunctious sexpert Dr. Laura and "Little Miss Perfect" Janice. Listen in on subjects such as sex, food, alcohol, babies and men!

With the original cast from Broadway, dance along to

LMIR: A slow and steady climb.

LMIR's unit price has been slowly and steadily climbing higher and this is netting me some handsome capital gains on the rights units from nil paid rights purchased not too long ago.

Remember I mentioned that LMIR was too cheap to sell? I still think it is too cheap to sell but it is approaching the fair value of 41c which I ascribed it back then. Technically, it is now also closing in on the