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Category: Stock analysis

A Sneak Peak at the No Signboard IPO

A Sneak Peak at the No Signboard IPO

Seafood restaurant chain and brewery business group – No Signboard Holdings is seeking a Catalist listing to raise up to $35mil. Based on preliminary information, this could potentially value the company at approximately $130mil.

This post first appeared on ProButterfly.com on 13-Nov-2017 and also on InvestingNote. It was written by our veteran community member, Tam Ging Wien, author of REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.

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Based on information available, ProButterfly understands that No Signboard Holdings is currently in the book building exercise phase to place out its shares.

ProButtefly understands that No Signboard Holdings is targeting a listing by 30-Nov-2017.

The deal size is for 125mil shares at a price range of 23c to 28c per share. This would place its total raised to anywhere in the range of $28.75mil to $35.0mil.

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Analysis of Keppel KBS US REIT IPO

Analysis of Keppel KBS US REIT IPO

A joint-venture (JV) between Keppel Corporation and KBS Pacific Advisors is seeking to raise $448mil in a Singapore initial public offering of Keppel-KBS US REIT (KKREIT).

This post first appeared on ProButterfly.com on 31-Oct-2017 and also on InvestingNote. It was written by our veteran community member, Tam Ging Wien, author of REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.

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The KKREIT is a Real Estate Investment Trust (REIT) which draws rental income from 11 office properties across 7 major US cities including Seattle, Austin, Houston and Atlanta. The assets are a mix of prime and sub-urban office spaces.

At the time of writing, KKREIT has just lodged a preliminary prospectus for a listing on the Singapore Stock Exchange (SGX) mainboard. There is a total of 262,772,400 (262.77mil) units on offer at a price of US$0.88 per unit. The IPO and trading of the units will be denominated in USD.

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Mapletree Industrial Trust Purchases a Portfolio of 14 USA Data Centres

Mapletree Industrial Trust Purchases a Portfolio of 14 USA Data Centres

You got to hand it to these government linked REITs.

This post first appeared on InvestingNote and was written by our veteran community member, Kyith from Investmentmoats.com.

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A few years ago, Ascendas REIT (5.8% dividend yield on my dividend stock tracker) decides to go forth and venture south to the land of Australia. They went in big, by enlarging their short land lease portfolio by 25% with Australia freehold assets.

They were able to finance such a large acquisition with a combination of rights issue, preferred shares and debt. The net effect is that they managed to lengthen the average land lease of the portfolio, the WALE, added some rental escalation and diversified the geographical region.

Some time ago this year, Mapletree Industrial REIT (6% dividend yield) announced that they would like to expand their mandate to manage data centers.

This evening, Mapletree Industrial REIT announced that they will be purchasing 14 data centers in the USA from the Target Portfolio of Carter Validus Mission Critical REIT.

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FoodEmpire Holdings Ltd’s Business: A Complete Analysis

FoodEmpire Holdings Ltd’s Business: A Complete Analysis

This post on FoodEmpire was first posted here in InvestingNote, by one of our veteran community members SmallCapAsia.

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NAME: Food Empire Holdings Limited 

TICKER: SGX: F03 $Food Empire(F03.SI)
MARKET CAP: SGD 317.5 Million (As of 29 Sep 2017)

MARKET PRICE / SHARE: SGD 0.595 (As of 29 Sep 2017)

SECTOR: Consumer Products

INDUSTRY: Instant Beverage & Food Ingredient

COMPANY PROFILE (Excerpt from Company’s Website):

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SGX Mainboard-listed Food Empire Holdings (FoodEmpire) is a global branding and manufacturing company in the food and  beverage sector. Its products include instant beverage products, frozen convenience food, confectionery and snack food.

FoodEmpire’s products are sold to over 50 countries, in markets such as Russia, Ukraine, Kazakhstan, Central Asia, China, Indochina, the Middle East, Mongolia and the US. The Group has 24 offices (representative and liaison) worldwide. The Group operates nine manufacturing facilities in India, Malaysia, Myanmar, Russia, Ukraine and Vietnam.

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ComfortDelGro(C52.SI): Grow or No Grow?

ComfortDelGro(C52.SI): Grow or No Grow?

ComfortDelgro will be announcing its 2Q result tomorrow on 11th August.

This column is written by @j_chou from InvestingNote.com.
@J_chou 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.

A component of the STI, Comfort Delgro was once championed as a stable dividend paying stock with a strong economic moat. Recent disruptions in the taxi industry have since changed that view, causing the stock to tumble to its 52-week low despite a relatively muted 1Q17 earnings report. Investors were likely concerned with the falling revenue and operating profits, mostly attributed to the decline from the taxi segment. The share price has since recovered slightly from its 52-week low to $2.310, but there is still an opportunity to capitalize on the negative sentiments towards the company. In this article I will look to determine whether Comfort Delgro is ripe for a contrarian play by assessing its long-term prospects from a bullish, neutral and bearish perspective for the next 5-10 years.

Comfort Delgro: Much more than just a taxi company

The distinct blue and yellow taxis that peppers the streets of Singapore may cause investors to mistake Comfort Delgro as primarily a taxi company.

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Amazon Prime in Singapore: A Game Changer?

Amazon Prime in Singapore: A Game Changer?

Amazon Prime is slated to change the retail scene in Singapore. Or will it?

This column is written by @j_chou from InvestingNote.com.

@J_chou 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.

@J_Chou is vested in $BABA

Singapore and Southeast Asia’s growing E-commerce industry

According to a 2015 report done by Google and Temasek Holdings South-east Asia’s Internet economy is expected to surge to US$200 billion by 2025, driven by a growing middle class and greater accessibility to the Internet. For Singapore, the e-commerce market is projected to grow at 32% CAGR to be worth US$5.4billion in 2025. The Prime Now launch reaffirmed the importance of South-east Asia for digital commerce, with Singapore chosen as a testbed likely due to its tech-savvy, affluent citizens and accessibility to the rest of the region.

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Hengxin Tech: evaluating it as a Net-Net Play

Hengxin Tech: evaluating it as a Net-Net Play

Company Overview

Hengxin Technology Limited ($Hengxin Tech(I85.SI)) is an investment holding company principally engaged in the production of radio frequency coaxial cables for mobile communications.
The Company is also engaged in the research, design, development and manufacture of telecommunications and technological products, mobile communications systems exchange equipment, as well as antennas and high temperature resistant cables.Given that the focus is on net-net strategy, in this article I will approach the valuation of Hengxin Technology on the basis of its assets e.g. should the stock be trading at a discount to its asset value? Should the company be selling for less than its liquidation value? Hence, note that in this instance the conventional method of cash flow generation; analysing the company’s operations and business value is not as important.


This column is written by @j_chou.
@J_chou 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. 

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More you need to know about Netlink Trust IPO

More you need to know about Netlink Trust IPO

Netlink Trust IPO #ipo..capturing news as it happens. One of the better prospectus written compare with Hrnet/WorldClass. Absolute must jeep due to the multiple growth story. 5 LEMONS!!! $NetLink NBN Tr(CJLU.SI)

—This post was solely written and contributed by our community member, @GrandpaLemon, in the InvestingNote platform and reposted on our blog.  This article was first posted here.

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Price: S$0.81 (https://www.reuters.com/article/us-netlink…)
NAV: S$0.8635 (3,336,639,000 / 2,898,000,001 Units) page 77
P/B: 0.93
DPU: 0.044
Yield: 5.43%
PE: 39.3
Market Cap: S$3.13 billion
Distributions: Semi (March and September)

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Comparison of Yields:
Netlink Trust 0.044/0.81 = 5.43%
Keppel DC Reit(AJBU) 0.0614/1.265 = 4.85%
AusNetServices(AZI) 0.0860/1.765 = 4.87%
ParkwayLife Reit(C2PU) 0.1212/2.620 = 4.63%

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Stock Picking Strategy Series: Benjamin Graham’s Net-Net Stocks

Stock Picking Strategy Series: Benjamin Graham’s Net-Net Stocks

If you like this column, please start voting which stocks you would like them to write on in their next article! This is your chance to interact with them and they will write on the most voted stock of your choice!

How to vote: Comment on only one Logistic listed stock of your choice mentioned in the article. The most number of likes/comments by tomorrow morning will be chosen. It’s that simple!

Voting starts now and ends at tomorrow (12 July) when market opens (9am)!

Disclaimer: this article simply provided analysis on stocks from the fundamental perspective, it does not represent any buy/sell recommendation from Investingnote. *All the dollar unit ($) in this article refer to SGD.

Benjamin Graham is widely considered as the father of value investing, with disciples including Walter Schloss, Charles Brandes, Irving Kahn and most notably Warren Buffet. Graham is perhaps more famously known for penning two of the most influential and acclaimed investing classics: Security Analysis and The Intelligent Investor, the latter which Warren Buffet described as “the best book about investing ever written”.

Today I will be looking at one of Graham’s famous proven stock picking strategies, which is the Net-Net Strategy. Essentially the strategy is derived from a valuation technique that determines the value of a company in the event that it has to liquidate and sell off all of its assets. The practicality in looking at liquidating value comes from the logic that if the price of a stock sells persistently below its liquidating value, then either 1) the price is too low or 2) the company should be liquidated. As succinctly put by Graham:

“Very few companies turn out to have an ultimate value less than the working capital alone, although scattered instances may be found.”

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SingPost(S08.SI): From snail mail to eCommerce

SingPost(S08.SI): From snail mail to eCommerce

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.

Company Overview

Singapore Post Limited is the national postal service provider in Singapore. Besides providing domestic and international postal and courier services, the company also offers end-to-end e-commerce logistics solutions.

Key Highlights

-Decline in 4Q17 logistics revenue

Logistics revenue of S$154.7m in 4Q17 was down 7% quarter to quarter after enjoying continued growth seen in previous quarters. Operating margin in the logistics segment decreased from 6.2% in FY16 to 3.7% in FY17. This could be likely due to Quantium Holdings and Famous Holdings being affected by depressed freight rates and volumes across the freight forwarding industry.

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