What is the magic formula? Magic Formula Investing is a rules-based, proven strategy that teaches investors a relatively simple and easy to understand method for value investing. It relies on quantitative screens of companies and stock, and over the years, the strategy has been proven to beat the stock market’s average annual returns. Magic formula… Read More 3 SGX Listed Stocks That Rank Highest In The Magic Formula Screener
Lippo Malls Indonesia Retail Trust (D5IU) Background & Portfolio: LMRT owns over 30 properties across Sumatra, Java, Bali and Sulawesi with a portfolio valuation of S$1.92 billion as of FY17. With a total Net Lettable area of 910,582 sqm, its portfolio achieved 93.7% occupancy with 3,363 tenants. Its top tenants are mostly departmental stores and supermarkets such as:… Read More 4 Highest Dividend Yielding S-REIT – Bargain or Value Trap?
Business Profile Muhibbah Engineering, a Bursa Malaysia listed company is involved in construction, fabrication of cranes and shipbuilding. These three core divisions cater largely for the O&G sector. In addition, it also holds a 21% stake in two concessions, namely 3 Cambodian airports and Federal road maintenance in Malaysia. Concessions Division All the three Cambodia… Read More Muhibbah Engineering: Fast-growing Cambodian airports provide solid recurring income
A share buyback is a program by which a company buys back its own shares from the marketplace, usually because management thinks the shares are undervalued, and thereby reducing the number of outstanding shares. Once the shares are bought back, they will be converted into treasury shares, which means they are no longer categorised as shares outstanding. When assessing undervalued stocks,… Read More 3 Most Active Companies In Share Buybacks For 3Q18
Since my previous post on CSE Global, its share price reached a recent high of S$0.515 but has now retraced back down to S$0.45. Just to update on its quarterly earnings, in Q318, CSE continues to secure new orders from greenfield (new installations) projects and brownfield (maintenance, upgrade and enhancement of existing installations) projects amounting… Read More CSE Global Q318: Steady ship despite lull and cautious market.
Founded in 1985 as the engineering projects division of Chartered Electronics Industries, the electronics arm of Singapore Technologies (ST). CSE Global is one of the few qualified system integrators in the region for the oil and gas (O&G), mining and communications infrastructure industries. The company has operations in Asia Pacific, the Americas, Europe, and Middle East. Strengths… Read More CSE Global – Riding on crude oil recovery
Warren Buffett repeatedly emphasizes that an investor must invest into a company that offers a durable competitive advantage. Any company that has a durable competitive advantage is likely to be able to maintain its profitability over a long period of time. Businesses that possess at least one factor of Porter’s 5 forces model would possess a competitive advantage. For example,… Read More Would Warren Buffett Buy This SGX-Listed Stock?
Record delivery of 20 vessels in 2Q18. Group revenue of RMB 7.9bn was 60% higher than expectations. 2Q18 net profit of RMB 994m exceeded forecast. Shipbuilding margin of 21% was broadly in line with expectation. Therewere 10 large vessels that were part of the delivery. Earnings were also boosted by some one-offs – RMB 101m… Read More Yangzijiang: Exceeds Expectations
Since my previous post in November 2016, Hanwell Holdings has since plunged into deep value territory again. Its share price has been on a roller coaster ride – rising 63% from $0.245 to a high of $0.4 thereafter plummeting 50% to $0.205. There was no major announcement reported prior to the rally in 2017 and in… Read More Hanwell Holdings: 40% discount to NCAV with promising growth
Singapore has transformed itself from a third world economy to first in the last 40 years. With no resources, we progressed to be one of the most highly developed free-market economies in the world. Our success was well documented and we were part of the Four Asian Tigers, a group of highly developed economies, along… Read More How does an ageing population affects the Singapore economy? 6 sectors to ‘hedge’ yourselves against it.