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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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Making it to the big screen: A primer before its upcoming EGM on 27th July: MM2 Asia(1B0.SI)

Making it to the big screen: A primer before its upcoming EGM on 27th July: MM2 Asia(1B0.SI)

Company overview:
mm2 Asia is a leading producer of films and TV/online content in Asia. As a producer, mm2 provides services over the entire film-making process – from financing and production to marketing and distribution. mm2 also owns entertainment company, UnUsUal, and cinemas in Malaysia. Recently, it was announced that mm2 Asia has expanded its scope of its Singapore business horizontally by purchasing a 50% stake in Golden Village stake.

The Core business segment is engaged in production and distribution of motion picture, video and television program and sponsorship, and. The Cinema operation segment includes sales of cinema ticket and concession, hall renting and screen advertising.

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Will Vallianz(545.SI) be the next Swiber? A primer before its upcoming AGM on 7th July

Will Vallianz(545.SI) be the next Swiber? A primer before its upcoming AGM on 7th July

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.

Vallianz Holdings Limited is an established provider of offshore support vessels (“OSVs“) and integrated offshore marine solutions to the oil and gas industry. Headquartered in Singapore, Vallianz serves oil majors and national oil companies worldwide, and focuses on supporting customers’ offshore oil and gas exploration and production operations. Today, the Group owns and operates a young fleet of 55 OSVs while its associate owns and operates another 20 OSVs. Vallianz covers markets in the Middle East, Central Asia and Southeast Asia.

Investment Thesis

Vallianz was not spared from the downturn in the oil and gas industry as it struggles to keep its finances under control in order to stay afloat. Despite positive news in the form of numerous contracts from the Middle East revenue has been decreasing year on year from FY15 as the company continues to weather the brunt of the negative impact from decreased capital expenditures and offshore drillings from the international and national oil companies.
Management has been active in restructuring the company’s finances to ensure short-term liquidity but it is at best a temporary measure; in the current climate of low oil prices Vallianz is not in control of its own destiny. Given a rising interest rate environment if the situation persists there is a higher probability of the company defaulting then to expect a reversal of fortunes.

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Upcoming SATS AGM: 21 July. Know more about SATS(S58.SI)’s business before the AGM!

Upcoming SATS AGM: 21 July. Know more about SATS(S58.SI)’s business before the AGM!



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.

Brief Background 
SATS Ltd. is an investment holding company, which is engaged in providing food solutions and gateway services. The company’s other activities include rental of premises and provision of management services to related companies. The Company’s operating segments include:
1) Food Solutions
2) Gateway Services
3) Others.

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Quick Screening Series: SIA Engineering(S59.SI)

Quick Screening Series: SIA Engineering(S59.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.
Company overview:
SIA Engineering Company Ltd (SIAE) specialises in providing aircraft maintenance, repair, and overhaul (MRO) services. SIAE is a subsidiary of Singapore Airlines Ltd (SGX: C6L), counts over 80 international airlines as its customers.SIAE is split into the following 2 segments:

 

1. Repair & Overhaul
SIAE offers a one-stop service for virtually all types of airplane issues, ranging from airframe maintenance to component overhaul. SIAE’s primary edge lies in its Joint Ventures and its strategic partnership with Pratt and Whitney and Rolls-Royce and most recently in June, GE Aviation, the top aircraft engine manufacturers in the world. This bestow it with the capabilities to repair major aircraft engines.

 

2. Line Maintenance
Apart from its operations of checking each plane before the flight in Changi Airport, SIAE have business interests in Hong Kong, Indonesia, Philippines, Australia, USA and Vietnam through its JVs.

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Longer Screening Series: Silverlake Axis(5CP.SI)

Longer Screening Series: Silverlake Axis(5CP.SI)



This column 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.

Disclaimer: I am vested in this stock.

Introduction
Silverlake is Asia’s leading software services and solutions provider. The company provides digital economy solutions and services to the banking, insurance, payment, retail, and logistics industries. The company also offers software project implementation services to deliver end-to-end banking, payment, and retail solutions; maintenance and enhancement services; outsourcing services for the processing of credit and debit cards, and other credit products; and cloud computing Software as a Service platform for policy origination and claim processing for the insurance industry, as well as sells software and hardware products. It operates in South East Asia, North East Asia, South Asia, the Middle East, North America, Africa and Europe. Its major customers include 40% of the largest banks in South East Asia such as OCBC, UOB, Maybank, CIMB Group.

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Upcoming SingMedical EGM: 5 July.  Know more about SingMedical(5OT.SI)’s acquisition of Cancer Centre Pte Ltd before the EGM!

Upcoming SingMedical EGM: 5 July.  Know more about SingMedical(5OT.SI)’s acquisition of Cancer Centre Pte Ltd before the EGM!


-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.

About Singapore Medical Group Ltd (SMG)
Singapore Medical Group Ltd (SMG) operates medical clinics and provides medical services. The group operates through 3 segments: health, aesthetics and diagnostics.

About Cancer Centre Pte Ltd
Cancer Centre is a company incorporated in Singapore on 26 December 2007 with its principal activity being the provision of screening and treatment of general cancer services. They operate at Paragon and Mouth Elizabeth Novena. SMG is already an 80% stakeholder of Cancer Centre, with Dr Wong Seng Weng (founder and director of Cancer Centre) holding the other 20%.

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Upcoming Tianjin ZX USD(T14.SI) EGM: 30 June. Know More About Tianjin ZX’s business before the EGM!

Upcoming Tianjin ZX USD(T14.SI) EGM: 30 June. Know More About Tianjin ZX’s business before the EGM!



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.

Upcoming Event:
28 June, 2017 EX-dividend date
30 June, 2017 Extraordinary general meeting at 1:30 pm, Pinnacle Suite, Wangz Business Centre, 7 Temasek Blvd, #44-01, The Penthouse Suntec Tower 1, Singapore 038987

Brief Background:
Tianjin Zhongxin Pharmaceutical Group Corporation Limited (天津中新药业) is a China-based company mainly engaged in the development, manufacture and distribution of pharmaceutical products. The company’s main products include Chinese patent medicines, western medicines, Chinese medicinal materials, pharmaceutical raw materials and preparations, biological medicines, dietary supplements and other products. Tianjin Zhongxin is a core business part of Tianjin Pharmaceutical Group Corporation Limited (天津医药集团) as the company contributed 53% of the group revenue.
The company operates in three segments:
1)Chinese Medicine
2)Western Medicine
3)Others

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