A Quick Screen: Ley Choon(Q0X.SI)

A Quick Screen: Ley Choon(Q0X.SI)



This column is written by @calvinwee
-Calvin is a fundamental analyst at heart and an ardent disciple of value investing. He relishes the process of searching for undervalued stocks and enjoys collecting dividends from his stocks.

Brief Background
Ley Choon Group Holdings Limited (Ley Choon) is an established one-stop underground utilities infrastructure construction and road works service provider. It business segments includes
1) Underground utilities infrastructure construction and maintenance services,
2) Road and airfield pavement construction and maintenance services,
3) Construction materials supply services

Performance Summary
FY16 was a challenging year for Ley Choon as it reported a gross loss of $22.4 million due to provision for liquidated damages and foreseeable losses for additional work to be performed for certain ongoing projects.In the absence of the above factors, the Group would have reported a revenue and gross profit of approximately S$151 million and S$22 million respectively, and a corresponding gross profit margin of 14.6%.
In view of its financial difficulties, Ley Choon have engaged Professional Advisors to restructure its debe obligations and divest its non-core assets to reduce borrowings and strengthen the balance sheet The divestment of non-core assets and businesses is envisaged to reduce overall borrowings by approximately S$30 million. In addition, the Group has also embarked on an optimization program for its operational asset base, where under-utilized assets are identified and disposed to recycle capital.
Quick Screening – UOL(U14.SI)

Quick Screening – UOL(U14.SI)



This column is written by @fayewang
-Faye is both a fundamental analyst and economist by nature. She is a global thinker who’s open-minded and enjoys learning from the market.

Recent News and Events:
UOL group, together with United Industrial Corporation (UIC) and Haw Par Corporation, requested for trading halt on 21 June. ‘All three companies are come under the United Overseas business owned by the Wee family, led by patriarch Wee Cho Yaw.’ The reason of the halt was a share swap deal signed by UOL with Haw Par for acquiring additional shares of UIC. The deal enabled UOL to raise their stake holdings of UIC from 44.7% to 48.9%, therefore may provided the company chance of statutory control over UIC.

Brief Background:

Data source: UOL annual report 2016

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Quick Screening – Pan United (P52.SI)

Quick Screening – Pan United (P52.SI)

Starting a series where I will screen for possible investment opportunities before delving deeper into the numbers. The analysis will be primarily qualitatively focused.



This column is written by @gordon_ong.
-Gordon has a demonstrable interest in equity investments, financial markets, and negotiating deals. As @NTUInvestmentClub president, he has an understanding of what factors drive an organisation’s success.

Macro
+ BCA forecasted that public-sector spending will increase during 2016-2020. Due to the time lag between securing contracts and beginning construction, there is a delayed effect on demand for RMC and cement. Hence, there is still hope for a pickup of RMC and cement prices.

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Upcoming YuuZoo AGM: 7 July. Know more about $Yuuzoo(AFC.SI)’s Business Model before the AGM!

Upcoming YuuZoo AGM: 7 July. Know more about $Yuuzoo(AFC.SI)’s Business Model before the AGM!

yuuzoo

This column is written by @gordon_ong.
-Gordon has a demonstrable interest in equity investments, financial markets, and negotiating deals. As @NTUInvestmentClub president, he has an understanding of what factors drive an organisation’s success.

YuuZoo’s upcoming AGM is on 7 July. Scouring through online forums, I realised that there are many people that express that they do not understand how YuuZoo operates. Here is a quick run-down of YuuZoo’s business model, as well as a few of the biggest issues plaguing YuuZoo.

YuuZoo Corporation Limited, a social media company, engages in social networking, e- commerce, payments, and gaming businesses in Singapore and internationally. The company primarily operates through four segments. The network development segment is principally involved in building mobile-optimised social e-commerce networks for businesses and consumers.

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Upcoming SAKAE AGM: 27 June. IS SAKAE HOLDINGS LTD(5DO.SI) SUSHI STILL FRESH?

Upcoming SAKAE AGM: 27 June. IS SAKAE HOLDINGS LTD(5DO.SI) SUSHI STILL FRESH?


This column is written by @J_Chou
-Jay has an interest in global macro trends, financial markets and equity research and enjoys applying a combination of the three in his investments. His eventual investing goal is to manage a risk parity portfolio and achieve true financial freedom.

Sakae Holdings Ltd. (5DO.SI) is engaged in the business of operating restaurants, kiosks and cafes, trading, sushi processing and operating as caterer and franchiser. It operates in two segments: Sakae Sushi, which includes the main brand in provision of food and beverages to retail customers from the general public, and other products and services, which includes other brands and services offered by the Company, such as Sakae Teppanyaki, Sakae Delivery, Hei Sushi, Crepes & Cream, Sakae Delivery, Sakae Express, Senjyu, Sachi , Kyo by Sakae and Novelle Events.

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Upcoming AGM of Ascendas: 3rd of July. Ascendas Hospitality trust: Ascending to greater heights?

Upcoming AGM of Ascendas: 3rd of July. Ascendas Hospitality trust: Ascending to greater heights?



This column is written by @calvinwee
-Calvin is a fundamental analyst at heart and an ardent disciple of value investing. He relishes the process of searching for undervalued stocks and enjoys collecting dividends from his stocks.

The AGM of Ascendas Hospitality trust is arranged on 3rd of July. Here is a quick overview on Ascendas Hospitality trust’s business and financial position.

Brief Background:
Ascendas Hospitality Trust (A-HTRUST)’s portfolio comprises of 11 hotels with over 4,000 rooms geographically diversified across key cities in Australia, China, Japan and Singapore.
The hotels are under two main rent structures, being master lease and management contract arrangements. It’s hotels under the management contract arrangements are managed by established operators such as Accor, Marriot and Park Hotel. With a diversified hotel portfolio, A-HTRUST is well positioned to cater to catering to different customer segments from economy to upscale and short-term to long-term stay.

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Upcoming Alipictures AGM: 23 June. This is the story behind $AliPictures HKD(S91.SI) ¥979.2 million loss

Upcoming Alipictures AGM: 23 June. This is the story behind $AliPictures HKD(S91.SI) ¥979.2 million loss



This column is written by @fayewang
-Faye is both a fundamental analyst and economist by nature. She is a global thinker who’s open-minded and enjoys learning from the market.

The AGM of Alipictures is arranged on 23rd of June. Here is a quick overview on Alipictures’ business and financial position.

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Relative Valuation Part 3 – Price/Book Ratio

Relative Valuation Part 3 – Price/Book Ratio

This column is written by @gordon_ong.
-Gordon has a demonstrable interest in equity investments, financial markets, and negotiating deals. As @NTUInvestmentClub president, he has an understanding of what factors drive an organisation’s success.

Another way of comparison is the P/B ratio. P/B is a way to compare the price you pay compared to the value of the company’s assets. P/B is best used for asset-heavy companies and capital intensive companies, such as manufacturing, finance and construction.

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29 Warren Buffett Quotes on Investing & Success

29 Warren Buffett Quotes on Investing & Success

The following is a repost of one of our community members, Arsenal’s article, posted here: button_continue-reading-1Warren Buffett, chairman of Berkshire Hathaway Inc., left, speaks to David Rubenstein, co-founder and managing director of the Carlyle Group, during the Economic Club of Washington dinner event in Washington, D.C., U.S., on Tuesday, June 5, 2012. Buffett said he doesn't expect another U.S. recession unless Europe's crisis spreads. Photographer: Andrew Harrer/Bloomberg via Getty ImagesWarren Buffett is obviously incredibly successful. He’s built his wealth long-term to over 66 billion dollars, making him one of the richest men in America. Warren lives by his certain set of values that he uses to invest and make other life decisions. He has some great advice that we can use to be successful.

Take a look at 29 intelligent and inspiring quotes on investing and success from Warren Buffett, world famous bluewhale investor (blue-whale) and one of the top billionaires in the world.

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Relative Valuation Part 2 – P/E

Relative Valuation Part 2 – P/E

If anyone talks about the fundamentals of a stock to you, I am sure they will first talk about the P/E ratio. So, what is the P/E ratio?

Earnings per share is calculated by taking the total earnings divided by the total outstanding shares. P is always the same. However, the E number may be different.

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