Re:market correction... by MacGyver30th, Jul. 04:11 PM Market is bullish again.. Good trading period from now to early-m...
Re:Map Technology - ... by happin30th, Jul. 03:16 PM MAP is now at 6 cents. Noticed that yesterday's last trade was 1...
Re:Rokko-An Explosiv... by neontet30th, Jul. 07:41 AM all these semicon companies are doing really well.
congrats on s...
market correction by pathfinder30th, Jul. 12:10 AM With all US company result good news ending in 2 weeks time & no ...
Re:Rokko-An Explosiv... by MOSBY29th, Jul. 11:49 PM http://www.remisiers.org/research//dailyex2307.pdf
TP :$0.30...
CREDIT SUISSE: 'Korea's most undervalued, don't give up on equities'
Written by The NextInsight Team
Thursday, 10 June 2010
Winter in South Korea
SOUTH KOREA has just become the most undervalued market in the region on Credit Suisse’s Price/Book versus Return On Equity valuation model. And the Korean won is cheap.
Globally, don’t give up on equities, says Credit Suisse. "Global economic growth is solid. Earnings growth is still likely to be respectable."
CHINA ERATAT: PE less than 3, dividend yield 6.6%, S$36 m in net cash
Written by Leong Chan Teik
Wednesday, 09 June 2010
China Eratat CFO Ho Ker Chern, 44, at CIMB yesterday.
LIKE MANY a S-chip, China Eratat is trading way below its fair value, as pegged by analysts.
Unlike many of its peers, China Eratat pays a decent dividend, has zero borrowing, lots of cash, and a long-staying Singaporean CFO (who is also an independent director of another S-chip).
CHINA PROPERTY, GLOBAL SHIPPING: What analysts say now....
Written by The NextInsight Team
Wednesday, 09 June 2010
'Stock market has priced in 20-30% price drop in properties'
PROPERTY PRICES in China could fall further but the current average of a 45% discount to NAV in the sector has priced in a 20-30% decline in housing prices, says UOB Kay Hian. In the shipping industry, container box rates are likely to rise further in 3Q as ship capacity remains tight, forward bookings remain robust, and boxes are constantly being rolled, says CIMB-GK.
ARIES/FPR SITE VISIT: Sinomem eyes 40 wastewater deals by 2012 from 12 now
Written by Andrew Vanburen (China Correspondent)
Wednesday, 09 June 2010
Sinomem execs meeting with fund managers
SINGAPORE-BASED SINOMEM Technology Ltd (SGX: SINO), maker of polymer membranes for water treatment, separation and purification technologies, had a watershed quarter with a 39% jump in net profit.
Much of this has to do with the growth in wastewater treatment facility orders, and Sinomem has an aggressive target of reaching 40 such large-scale contracts by 2012 from just a dozen currently. Read more...
8TELECOM, LIZHONG WHEEL and other S-chips show real cash
Written by Sim Kih
Tuesday, 08 June 2010
LIZHONG WHEEL
Stock price
42 c
52-week high/low
61 c/22 c
12-month trailing PE
3.98
Market cap
S$98.7 m
Net asset value
226.72 Rmb cents (47.2 Singapore cts)
LIZHONG WHEEL manufactures alloy wheels in China, the world’s biggest auto market. In 1Q, it reaped RMB 76.7 million in net profit, up from a meager RMB453,000 in 1Q2009.
Lizhong Wheel demonstrated it had solid cash last year when it bought back its convertible bonds from Lehman Brothers. What other S-chips have shown real cash? Read more ….
GENERAL MAGNETICS: A lesson yet to be learned by investors?
Written by Edgar Wong
Tuesday, 08 June 2010
Edgar Wong
GENERAL MAGNETICS conducted its first AGM as an unlisted firm recently.
Joyce Hooi of Business Times observed that for an unlisted firm's AGM, it was really well attended but there was so much outpouring of outrage by its shareholders as they could notforce the majority/management to liquidate assets and distribute the net proceeds to all shareholders.
HK/CHINA SHARES: Bourses suffer another body blow on liquidity concerns
Written by Andrew Vanburen (China Correspondent)
Monday, 07 June 2010
Agricultural Bank's planned record IPO is raising liquidity fears
SHARES IN Hong Kong took another dive today, with the benchmark Hang Seng Index shedding 2.07% to finish at 19,371.54, tracking selloffs in the US and Europe late last week.
Meanwhile, the Shanghai Composite Index lost 1.64% to close at 2,511.73, driven lower by liquidity concerns prior to two major issues. This follows a 3.8% loss last week for the benchmark index which tracks A shares in the PRC. Read more...
KEVIN presents market outlook ('tech and banks are core holdings')
Written by Kevin Scully (NRA Capital)
Monday, 07 June 2010
Kevin Scully at Saturday's conference.
I EXPECT stock markets to remain volatile but move sideways until the end of Q3-2010.
Technology stocks and banks will be core holdings - no change in my Stock Picks for now.
Shares trading in the mid single digit PERs (half the PER of the Singapore market and which are guiding for a strong 2010) will be good areas to look into.
CHINA TEXTILE companies made whopping S$63-118 million in 1Q
Written by Tang Yibing
Monday, 07 June 2010
Tang Yibing
FOUR China textile companies – Li Heng, China Goaxian, China Sky, and China Taisan – have reported 1Q net profit ranging from RMB303 m to RMB 568 m (S$63 m-S$118 m).
With such good results, can we expect the high margin and profitability to be maintained for the rest of the year?
Their PE ratios, based on last year's results, stand at as low as 2.5X and as high as 10.1X.
How to make money in a bear - and bull - market using CFD
Written by The NextInsight Team
Monday, 07 June 2010
Dolphy and Kenneth: Sharing insights into CFD. Photo by Sim Kih
MARKETS are expected to be under downward pressure today following the Dow's sharp fall over the weekend. In such circumstances, traders would use Contracts for Difference (CFD) to benefit from the downturn.
In the photo: Kenneth Toh is a dealer at Kim Eng Securities – and an expert in Contracts for Difference (CFD) - and Dolphy Yeo is a senior financial planner. In this first article, we speak with Kenneth to find out how CFD benefit traders. Read more …
INSIDER BUYING when the market recovered last week....
Written by Leong Chan Teik
Sunday, 06 June 2010
SAM GOI, the popiah king of Singapore, bought over 4 m shares of Serial System. Then Derek Goh, Serial System chairman, loaded up too. His non-exec director bought even more shares.
This and other insider buying of companies such as Pan Hong Property and Healthway Medical are highlighted in our weekly report.
Oceanus JV has 20 restaurants serving abalone dishes currently.
BNP Paribas has initiated coverage on Oceanus, and has an interesting piece of news: "We believe that Oceanus’ farming assets offer much higher value to its competitors than its equity shareholding at this stage as established players may have the cash reserve to grow the BA but not tank capacity to keep the high-value larger abalones. We understand that Oceanus is currently talking to an A-share listed aquaculture company in China on potential M&A deals."
ARIES/FPR SITE VISIT: EcoGreen has 25% global output for key chemical
Written by Andrew Vanburen (China Correspondent)
Saturday, 05 June 2010
Aries Consulting and Financial PR took several fund managers to tour EcoGreen's plant last week
THE FIRST THING to stand out for visitors reaching the Xiamen facilities of EcoGreen Fine Chemicals Group Ltd (HK: 2341) is how unlike a traditional factory complex it seems, being very easy on both the eyes and olfactory.
As management explained during our six fund manager-strong tour of their Fujian province facilities last week, last year saw increased raw material cost pressure, so other than accumulating more upstream forestry assets the only other way to bring relief to tighter margins was to boost selling prices. Read more...
MUSICWHIZ: Review of May and how my Singapore stocks have done
Written by Musicwhiz
Saturday, 05 June 2010
I guess May can be counted as “exciting” and “thrilling”, if those words can be used to describe the roller-coaster ride in the stock markets around the world! The Greek crisis and the devaluation of the Euro had caused all major market indices to hurtle towards a major correction, and markets had dropped so swiftly that it erased all of 2010’s gains so far, and then some. Strange thing was that the Greek crisis has been in the news for the past few months but investors seemingly chose to ignore it, till now!
SHENZHEN EXPAT: Singaporean shipping exec less than impressed
Written by Andrew Vanburen (China Correspondent)
Saturday, 05 June 2010
Hemant Dhanu is on an expat package in Shenzhen
MARINE SENIOR Consultant Hemant Dhanu is less than impressed with the business climate in Shenzhen, and hopes China’s No.2 port city will take heed of all constructive criticism, for its own good.
Mr. Dhanu, who was born and raised in India, is very happy to be part of the China growth story, but also feels that his temporarily adopted city of Shenzhen needs a reality check, and would serve itself well by reemphasizing a commitment to service excellence and equal treatment of all contributors to its economy. Read more...
SUPER: Successful succession scheme in place
Written by Sim Kih
Friday, 04 June 2010
Super's second generation managers from the Teo founding family: Elaine and Darren.
MANY OF the more established local enterprises were founded about two to three decades ago.
Even though its founders are nearing retirement years, succession visibility for these companies can be a concern.
Not so for Super Group, which has a second generation of managers who are passionate about the business.
MAN WAH: Analysts target prices with 25-51% upside
Written by The NextInsight Team
Friday, 04 June 2010
Man Wah yesterday closed at HK$7.28. Photo by Mark Lee
REMEMBER Man Wah Holdings? The furniture manufacturer wasn’t getting too fair a valuation for its stock on the Singapore Exchange and decided to pack up and get listed early this year on the Hong Kong bourse.
The stock is, of course, still tradable by Singapore-based investors – and it recently was the subject of two reports by Macquarie Equities Research and Samsung Securities in HK. Read more….
CONTAINER SHIPPING: UOB KH upgrades sector to 'overweight'
Written by The NextInsight Team
Thursday, 03 June 2010
UOB Kayhian has added Neptune Orient Lines (NOL) to its regional container shipping coverage with a BUY rating and target price set at S$2.28. The research house is also bullish on Orient Overseas International Limited on improving global trade activities. Read more….
PAN HONG: Property curbs draw 'buy', 'neutral' calls from analysts
Written by Sim Kih
Thursday, 03 June 2010
Pan Hong targets wealthy homeowners with its villas.
THE IMPACT of China’s property curbs on Pan Hong Property Group is drawing mixed reactions from analysts.
On Tue, CIMB-GK maintained its ‘Buy’ call on Pan Hong with a target price of 88 cents.
However, yesterday, DMG & Partners downgraded the stock to ‘Neutral’ with a 50-cent target price. The stock closed at 50 cents yesterday.
WILLAS-ARRAY rides the electronics boom, reports record HK$71 m profit
Written by Leong Chan Teik
Wednesday, 02 June 2010
Andy Hung, CFO, Willas-Array. Photo by Sim Kih
IT”S the electronics boom – and Willas-Array Electronics can’t supply components fast enough to its clients, which manufacture computers, mobile phones, car audio systems and the like.
The company’s CFO met with investors yesterday at CIMB-GK Investment Centre.
FION PHUA, Tee Up Marketing Enterprises (HP: 9760-5080)
Dear advertisers...
SAM GOI, the popiah king of Singapore, bought over 4 m shares of Serial System. Then Derek Goh, Serial System chairman, loaded up too. His non-exec director bought even more shares. 
I guess May can be counted as “exciting” and “thrilling”, if those words can be used to describe the roller-coaster ride in the stock markets around the world! The Greek crisis and the devaluation of the Euro had caused all major market indices to hurtle towards a major correction, and markets had dropped so swiftly that it erased all of 2010’s gains so far, and then some. Strange thing was that the Greek crisis has been in the news for the past few months but investors seemingly chose to ignore it, till now! 
