Friday, July 10, 2009
Update on PE and PTB ratios of STI
Latest update (10 Jul 09)
PE ratio of STI = 12.27
PTB ratio of STI = 1.60
Click to see a detail explanation on how to calculate PE ratio of STI
Click to see a detail explanation on how to calculate PTB ratio of STI
Thursday, July 9, 2009
Daily news - 9 Jul
Ezra Holdings Q3 net rises 8% to US$18.8m
Ezra Holdings posted an 8 per cent rise in net profit to US$18.8 million for its financial third quarter ended May 31, from US$17.4 million a year ago, as turnover rose 9 per cent to US$59.9 million. On a nine-month basis, net profit plunged to US$43 million from the previous corresponding period's US$168.7 million, the reason being that the latter included a net gain of US$136.3 million from the group's partial divestment of its construction and production arm, EOC Ltd. Excluding the divestment item, nine-month net profit from ongoing activities rose to US$43 million from US$32.4 million as group turnover jumped 58 per cent to US$236.0 million, as all its three divisions performed well. The offshore support services (OSS) and marine divisions both enjoyed a strong pickup in revenue, while the energy services division contributed US$46.1 million to overall turnover. In addition, both the OSS and marine businesses were able to achieve margin gains. The OSS division, which made up 60 per cent of turnover for the first nine months, saw improved sales, owing to the full nine-month contribution from Ezra's various new assets progressively coming onstream. Meanwhile, the marine division benefited from increased procurement, equipment supply and engineering activities in Vietnam.
Source: Kim Eng
Ezra Holdings posted an 8 per cent rise in net profit to US$18.8 million for its financial third quarter ended May 31, from US$17.4 million a year ago, as turnover rose 9 per cent to US$59.9 million. On a nine-month basis, net profit plunged to US$43 million from the previous corresponding period's US$168.7 million, the reason being that the latter included a net gain of US$136.3 million from the group's partial divestment of its construction and production arm, EOC Ltd. Excluding the divestment item, nine-month net profit from ongoing activities rose to US$43 million from US$32.4 million as group turnover jumped 58 per cent to US$236.0 million, as all its three divisions performed well. The offshore support services (OSS) and marine divisions both enjoyed a strong pickup in revenue, while the energy services division contributed US$46.1 million to overall turnover. In addition, both the OSS and marine businesses were able to achieve margin gains. The OSS division, which made up 60 per cent of turnover for the first nine months, saw improved sales, owing to the full nine-month contribution from Ezra's various new assets progressively coming onstream. Meanwhile, the marine division benefited from increased procurement, equipment supply and engineering activities in Vietnam.
Source: Kim Eng
Friday, July 3, 2009
STI Expected report date - 3Q09
| Company | *Expected Date | Company | *Expected Date |
| CAPITALAND | 27-Jul-09 | NOL LTD | 05-Aug-09 |
| CAPMALL TRUST | 16-Jul-09 | OCBC | 07-Aug-09 |
| CITY DEVELOPMENT LTD | 13-Aug-09 | OLAM INTER | 27-Aug-09 |
| COMFORT DELGRO | 13-Aug-09 | SEMBCORP INDUSTRY | 06-Aug-09 |
| COSCO CORP | 28-Jul-09 | SEMBCORP MARINE | 04-Aug-09 |
| DBS GRP HLDGS | 07-Aug-09 | SGX | 07-Aug-09 |
| FRASER & NEAVE | 07-Aug-09 | SIA ENGINEERING | 23-Jul-09 |
| GENTING INTL | - | SIA LTD | 28-Jul-09 |
| GOLDEN AGRI - RESOURCES | 12-Aug-09 | SMRT CORP | 24-Jul-09 |
| HONGKONG LAND | 31-Jul-09 | SPH | 13-Jul-09 |
| JARDINE C&C | 07-Aug-09 | SINGTEL | 13-Aug-09 |
| JARDINE MATHESON | 01-Aug-09 | ST ENGINEERING | 12-Aug-09 |
| JARDINE STRATEGIC | 31-Jul-09 | STARHUB | 05-Aug-09 |
| KEPPEL CORP | 31-Jul-09 | UOB LTD | 05-Aug-09 |
| NOBLE GROUP | 13-Aug-09 | WILMAR | 14-Aug-09 |
*Dates may not be accurate
Source: Phillip Capital
Daily news - 3 Jul
SembMarine bags another rig contract
Sembcorp Marine subsidiary Jurong Shipyard has secured a second contract to complete a semi-submersible rig for SeaDragon Offshore unit Oban B. The contract is worth US$237.3 million, excluding owner-supplied equipment. SembMarine secured a US$247 million contract for a similar rig in April. 'We thank SeaDragon again for its trust and commitment to work with Jurong after the first contract was signed in April,' said Jurong Shipyard's offshore division senior general manager Don Lee. The first unit is a fast-track job scheduled for delivery by the end of next year, as it was signed up for a five-year charter with Mexico's Pemex. The second rig does not have a charter secured yet. But reports last year suggested there may be parties interested in buying it from SeaDragon. The six-column bare-deck hull, built in a Russian yard, arrived early last month. Jurong will turn it into one of the world's most advanced harsh-environment ultra-deepwater semis. The rig, scheduled for delivery by end-June 2011, will be able to operate in water up to 10,000 feet, with a maximum drilling depth of 30,000 feet. Its ability to operate in all conditions will give it multi-region flexibility to operate worldwide.
Source: Kim Eng
Sembcorp Marine subsidiary Jurong Shipyard has secured a second contract to complete a semi-submersible rig for SeaDragon Offshore unit Oban B. The contract is worth US$237.3 million, excluding owner-supplied equipment. SembMarine secured a US$247 million contract for a similar rig in April. 'We thank SeaDragon again for its trust and commitment to work with Jurong after the first contract was signed in April,' said Jurong Shipyard's offshore division senior general manager Don Lee. The first unit is a fast-track job scheduled for delivery by the end of next year, as it was signed up for a five-year charter with Mexico's Pemex. The second rig does not have a charter secured yet. But reports last year suggested there may be parties interested in buying it from SeaDragon. The six-column bare-deck hull, built in a Russian yard, arrived early last month. Jurong will turn it into one of the world's most advanced harsh-environment ultra-deepwater semis. The rig, scheduled for delivery by end-June 2011, will be able to operate in water up to 10,000 feet, with a maximum drilling depth of 30,000 feet. Its ability to operate in all conditions will give it multi-region flexibility to operate worldwide.
Source: Kim Eng
Thursday, July 2, 2009
Daily news - 2 Jul
Banyan secures US$283m for Indochina fund
Banyan Tree Holdings has completed the final round of raising money for its first real estate development fund, with total capital commitment to the fund standing at US$283 million, US$17 million shy of its US$300 million target. However, the fund - Banyan Tree Indochina Hospitality Fund - is well positioned to proceed with the development of the first phase of its core asset - integrated resort Laguna Hue in Vietnam - without any debt financing, the resort operator said yesterday in a statement on the Singapore Exchange. 'The fund is also positioned to source for additional investment projects within the Indochina region,' Banyan Tree added. The Indochina Fund was first established on Jan 29 last year, with the aim of targeting the hospitality industry in Vietnam, Cambodia and Laos. At first closing on Feb 28, 2008, the fund had commitments of US$100 million. It then went on to amass another US$168 million. The final closing netted an additional US$15 million from one new investor.
Source: Kim Eng
Banyan Tree Holdings has completed the final round of raising money for its first real estate development fund, with total capital commitment to the fund standing at US$283 million, US$17 million shy of its US$300 million target. However, the fund - Banyan Tree Indochina Hospitality Fund - is well positioned to proceed with the development of the first phase of its core asset - integrated resort Laguna Hue in Vietnam - without any debt financing, the resort operator said yesterday in a statement on the Singapore Exchange. 'The fund is also positioned to source for additional investment projects within the Indochina region,' Banyan Tree added. The Indochina Fund was first established on Jan 29 last year, with the aim of targeting the hospitality industry in Vietnam, Cambodia and Laos. At first closing on Feb 28, 2008, the fund had commitments of US$100 million. It then went on to amass another US$168 million. The final closing netted an additional US$15 million from one new investor.
Source: Kim Eng
Wednesday, July 1, 2009
Daily news - 1 Jul
F&N, Coca-Cola extend tie-ups
Fraser and Neave (F&N) and The Coca-Cola Company have agreed on new transition arrangements that will run for 20 months after their current bottling arrangments in Malaysia, Singapore and Brunei expire in January next year. A joint statement last night said the transition deals followed discussions since last year for mutually beneficial arrangements in the spirit of their long-standing relationship. F&N had earlier this year said that it would regain distribution of its soft drinks in Singapore after agreements with Coca-Cola end next year. It had also said that its Malaysian unit would lose the rights to bottle and distribute Coca-Cola's beverages, a development that sent F&N shares falling sharply.
Source: Kim Eng
Fraser and Neave (F&N) and The Coca-Cola Company have agreed on new transition arrangements that will run for 20 months after their current bottling arrangments in Malaysia, Singapore and Brunei expire in January next year. A joint statement last night said the transition deals followed discussions since last year for mutually beneficial arrangements in the spirit of their long-standing relationship. F&N had earlier this year said that it would regain distribution of its soft drinks in Singapore after agreements with Coca-Cola end next year. It had also said that its Malaysian unit would lose the rights to bottle and distribute Coca-Cola's beverages, a development that sent F&N shares falling sharply.
Source: Kim Eng
My stocks portfolio - June 2009
My overall portfolio was down by 26.96% at the end of June 2009. Total portfolio loss including dividends and realised losses or gains stood at 23.99%.
For the month of June 2009, STI gained 0.17% from the previous month closing price. In contrast, my overall portfolio changed -3.6% from the previous month. That means my portfolio was underperforming the index. Actually STI is not an accurate benchmark to compare with as my portfolio consists of two global ETF and many other small capitalisation stocks. As you know, STI is made up of large capitalisation stocks. I will stick to STI for benchmarking as I don’t have an appropriate index to compare with.
There were 2 transactions for the month of June 2009.
Exercise Keppel Land RIGHTS, average price at $1.268
Bought SGX (PSBP), new average price at $5.619
Keppel Land RIGHTS allocation was a disappointment to me as I did not get my requested excess shares. Even though I am sitting on a huge paper gain of 74% for Keppel Land, the absolute amount is not that substantial as my number of shares is quite small. I have decided to hold them instead and I have also signed up for a permanent dividend reinvestment scheme to accumulate more shares in the longer term.
I foresee that there are more RIGHTS exercises coming up in the next few months. The RIGHTS exercises that I have participated and plan to participate include Capitacomm, Neptune Orient Lines, Pacific Andes and Frasers Commercial. As such I need to conserve cash and that is the main reason why I have not made any new purchase lately apart from the monthly SGX purchase through PSBP.
I received total dividends of $106.80 for the month of June 2009.
For the month of June 2009, STI gained 0.17% from the previous month closing price. In contrast, my overall portfolio changed -3.6% from the previous month. That means my portfolio was underperforming the index. Actually STI is not an accurate benchmark to compare with as my portfolio consists of two global ETF and many other small capitalisation stocks. As you know, STI is made up of large capitalisation stocks. I will stick to STI for benchmarking as I don’t have an appropriate index to compare with.
There were 2 transactions for the month of June 2009.
Exercise Keppel Land RIGHTS, average price at $1.268
Bought SGX (PSBP), new average price at $5.619
Keppel Land RIGHTS allocation was a disappointment to me as I did not get my requested excess shares. Even though I am sitting on a huge paper gain of 74% for Keppel Land, the absolute amount is not that substantial as my number of shares is quite small. I have decided to hold them instead and I have also signed up for a permanent dividend reinvestment scheme to accumulate more shares in the longer term.
I foresee that there are more RIGHTS exercises coming up in the next few months. The RIGHTS exercises that I have participated and plan to participate include Capitacomm, Neptune Orient Lines, Pacific Andes and Frasers Commercial. As such I need to conserve cash and that is the main reason why I have not made any new purchase lately apart from the monthly SGX purchase through PSBP.
I received total dividends of $106.80 for the month of June 2009.
| Stock | Mode | Unrealised P/L (SGD) | Stock | Mode | Unrealised P/L (SGD) |
| ARA | CASH | -40.33% | PAC ANDES | CASH | 11.11% |
| ARMSTRONG | CASH | 40.00% | PLIFE REIT | CASH | 18.44% |
| CAPITACOMM | CASH | -37.97% | RAFFLES EDUCATION | CASH | -34.05% |
| CAPITALAND (PSBP) | CASH | 49.06% | ROTARY ENGRG LTD | CASH | -30.42% |
| CHINA HONGXING | CASH | -70.94% | SATS | CASH | 29.15% |
| CHINA MILK | CASH | -46.24% | SGX (PSBP) | CASH | 26.36% |
| COSCOCORP | CASH | -62.96% | ST ENGG | CASH | 7.55% |
| COURAGE MAR | CASH | -34.29% | SWIBER | CASH | -60.48% |
| CSE GLOBAL | CASH | 38.82% | TAI SIN | CASH | -42.15% |
| FIBRECHEM | CASH | -88.71% | TAT HONG | CASH | 23.72% |
| FRASERSCOMM | CASH | -77.23% | UOB-KAY HIAN | CASH | -28.50% |
| FSL TRUST | CASH | -49.12% | VICOM | CASH | -0.22% |
| GEN INT | CASH | 3.98% | VANGUARD EMER MRKTS | CASH | -26.14% |
| JAYA HLDG | CASH | -74.46% | iSHARES MSCI EAFE | CASH | -0.87% |
| KEPLAND | CASH | 74.29% | BH GLOBAL | CPF | -38.57% |
| KEPPELCORP | CASH | 78.34% | COSCOCORP | CPF | -57.45% |
| KS ENERGY | CASH | -23.38% | SIAENGG | CPF | -41.03% |
| MACQ INT INFRA | CASH | -60.71% |
Subscribe to:
Posts (Atom)