Portfolio July 2018

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5 years 4 months ago - 5 years 4 months ago #24597 by josephyeo
Replied by josephyeo on topic ISEC HEALTHCARE
Sharing my thoughts on ISEC.

The price hits a 2 year low of 24.5 cts. At 24.5 cts the forward p/e would be around 15.4 X on my estimated full year profits of S$8.2 mil. 9 months profit was S$6.1 mil.

The dividend yield is around 6.1% on price of 24.5 cts. I estimate full year dividend to be at 1.5 cts based on higher dividend declared at 1st half. This make it among the highest yield or highest yield stock in the health care sector.

I believe, going forward, the profits would be fairly stable as the population aged.

As i see it, the share price is unlikely to go much lower. The sell down was in low volume and probably from weak share holders.

I have increased my holding recently at around the 25 cts level and am looking forward to the full year results.

Express above are just my views n i stand corrected.
Last edit: 5 years 4 months ago by josephyeo. Reason: spelling

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5 years 3 months ago #24603 by josephyeo
Replied by josephyeo on topic ISEC HEALTHCARE
A short update on Portfolio July 2018:

Chasen:
Current price - 7.3 cts
Dividend yield - 4.1%
P/E ratio - 5.0 X

Excelpoint:
Current price - 58.5 cts
Dividend yield - 7.7%
P/E ratio - 6.1 X

Singapore O& G:
Current price - 35.0 cts
Dividend yield - 5.1%
P/E ratio - 13.7 X

ISEC:
Current price - 25 cts
Dividend yield - 6.0%
P/E ratio - 15.9 X

Dividend yield n P/E ratio are estimates based on quarterly
and historical trend.

Above are just for info.

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5 years 3 months ago #24604 by josephyeo
Replied by josephyeo on topic ISEC HEALTHCARE
An interesting write up on Singapore O&G by The Motley Fool. See link below:

www.fool.sg/2018/12/20/singapore-og-ltds...-the-last-few-years/

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5 years 3 months ago #24611 by josephyeo
Replied by josephyeo on topic ISEC HEALTHCARE
An update on Portfolio July 2018.

The portfolio has slipped into negative territory, registering a loss of 0.3%.
In the same period the ST Index is down 5.55% and Catalist Index is down 22.28%.

Of the 4 counters, 2 are profitable and 2 registered losses. The profitable counters are Singapore O& G and Chasen. The counters showing losses are Excelpoint and ISEC.

The full year results for Excelpoint, Singapore O& G and ISEC should be out around mid feb. I am expecting the results to be a catalyse for these 3 counters as all 3 are expected to report improved results cum very decent dividends. Chasen' s 3rd quarter should be out at about the same time.

If the results meet expectations, i am hopeful that the portfolio will show some profits.The annualised dividend yield for Singapore O& G and ISEC is above 5% at current price. Excelpoint, based on historical data, likely to declare a dividend of 4 cts or higher, giving a yield of around 7% or more.

Above is just an update for those who follow my post.

Happy, blessed 2019 to all!

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5 years 3 months ago #24612 by sykn
Replied by sykn on topic Portfolio July 2018
Thanks for sharing, Joseph.

Over the last couple of years, after reading your posts, I have bought into ISEC and SOG, and have no regrets.

I do follow your sharing very closely.
The following user(s) said Thank You: josephyeo

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5 years 3 months ago #24619 by josephyeo
Replied by josephyeo on topic Portfolio July 2018
Singapore O& G is likely to report an excellent set of result this coming quarter/full year.

The 9 months results of S$9.1 mil has far exceeded last year full year of S$8.5 mil.

Company had also declared a higher interim dividend of 0.8 cts against last year 0.61 cts.

Am looking forward to the good result and higher dividend.

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