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| Singapore Stocks Update |
| The latest information on Singapore stocks. Buy, sell or hold, make an informed choice. "Christian Life is like a mixture of reality shows, Fear Factor, Temptation Island and Survivor all roll into one, the result of staying the course is a place in Heaven" - Shan |
| Language: English |
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| Regional Update |
| 0000-00-00 00:00:00 |
CHINA ICBC (NOT RATED/HK$4.40) 2006: Results slightly below consensus. Wasion Meters (BUY/HK$3.30/Target: HK$4.87) FY06: Net profit grew 30.8% yoy to Rmb151.7m. Management maintains positive outlook for the Group. Property Country Garden will be well-received due to interests shown by Hong Kong developers. Greentown and Hopson are more attractive alternatives.INDONESIA Semen Gresik (BUY-Under Review/Rp39,500/Target: Rp32,100-Under Review) FY06: Sales and bottom line were Rp8.7t and Rp1.3t respectively, in line with our forecast. Undemanding valuation.MALAYSIA Feb 07 External Trade Both exports and imports fell in...
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| Chartered Semi |
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Chartered Semiconductor (CHRT.O): Buy: Limited Near Term Catalysts but 2H07 Growth Remains Intact. Share price performance â Upbeat 1Q07 guidance and wider outsourcing opportunities drove CHRT's YTD share price to outperform regional foundries. AMD's wafer cuts in 2Q07, however, suggest limited nearterm price appreciation, in our view. While TSMC should benefit from a utilisation pick up in 2Q07 on the back of an industry recovery, CHRT's prospects are weaker, although we believe they are poised to recover in the latter part of the year.
https://www.citigroupgeo.com/pdf/SAP04136.pdf
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| Singapore News |
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Japan firms tap new Singapore growth sectors. Their focus is high-end manufacturing, research and as base for Asian expansion
Business is brisk at residential projects. Prices expected to firm as upmarket condos and suburban launches report good sales
Johor woos Tokyo Disney operator for theme park. Khazanah said to be pushing for 800-ha development
Shareholders query M1's cash return plan. Concern over need for more debt to return cash in capital reduction
KS Energy in Mid-East venture to build rigs. Group aims to be a player in leasing, operating oilfield equipment there
Crane group Tat Hong buys China firm. Subsidiary to acquire 76.4% of construction equipment leasing firm
Singapore aerospace output surges 19.7%. Economic Development Board data show the sector hit a record $6.3b in 2006, and continues to grow Office and retail property markets stay firm: reports by CB Richard Ellis and Knight Frank
UOL in $79.5m property purchase
&nb...
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| Agloco- Viewbar for Download |
| 0000-00-00 00:00:00 |
All those that has signed up for Agloco through my account the viewbar will be available for download. For those who have yet to sign up, please click the banner and sig-up please.
Click Banner below to Join
Agloco Banner by AglocoBanners.com
April is upon us, and as we have mentioned previously on this blog, the Viewbar is slated for release this month. We will be sending an email directly to each Member when their account is authorized for Viewbar download with more detailed information regarding the software release. Here are a few initial details:
The Download Process: As we have discussed, we will be releasing the Viewbar first to Members who joined first. Currently, the plan is to have the Viewbar first be available to Members with ID#s beginning in BBBB to BBBF (as well as Members with an ID# beginning in âAGLOâ). This is about 50,000 Members. We will then continue releasing the Viewbar to more and more Members in the order in which they signed up...
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| Updates |
| 0000-00-00 00:00:00 |
While the ST index has broken past previous highs most stocks have not. In this report, we feature some stocks which still look relatively attractive from a risk/ reward basis.Stocks.1. China Energy- The stock has corrected from a high of $1.47 to a low of $0.96 in the earlier correction. It has since rebounded towards $1.22. Price action shows a sideway consolidation between $1.22-1.17. We believe this a continuation pattern and the stock could head up towards $1.35-1.40 over a 1-2 period. Note that volume has also improved in yesterday's trading session. Recommend a buy on the stock at $1.18-1.19.2. SGX- In February, the stock rallied to a high of $7.65 and from that level, it corrected to a low of $5.80. As at yesterday's close of $6.90, the stock had rebounded 62% of the de...
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| Property (REITs) |
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Highest Yields From Industrial Segment
Recent price movements warrant a relook at REITs. A comparison of yield spreads of the office, retail and industrial segment shows that relative attractiveness of the some of the REITs have shifted. The best average yields lie with the industrials.
Office and retail yields driven down. Interests in the office and retail REITs on the back of strong demand in the segment have kept the yields relatively lower. Yield spreads with the 3-mth interbank rates are at a level of 0.13% and 0.28% respectively. For the two segments, it is a case of catching up with the possibility of further rental reversions and asset enhancements for yield improvements.
Since the release of the last report, changes to the price movements have surfaced some interesting REITs which were less attractive before. Macquarie Meag Prime REIT (MMP) emerged, stretching to the top end with a yield of 4.87%. Although Allco Commercial REIT (Allco) appears to look attractive with t...
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| Property - Residential |
| 0000-00-00 00:00:00 |
Further insights to the URAâs 1Q flash estimates
According to flash estimates released by the Urban Redevelopment Authority (URA) recently, private home prices rose from 130.2 points in 4Q06 to 136.2 points in 1Q07, an increase of 4.6% qoq. Further to this, we did a more detailed analysis of the underlying price trends using available market information. Our analysis reveals the following:
High-end residential market outperforms the mass market. The price index for the core Central region, which is a proxy for the high-end residential market outperformed the mass market from 1Q04 level by a margin of 23.9%
Foreign interest and designer homes drive high-end residential sector. High levels of foreign interest and the growing affluence of Singaporeans are key catalysts for the high-end residential market. We are also seeing a growing trend of designer condominiums created by world class architects, which is supportive of record high prices seen in some of the latest t...
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| AusGroup |
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Wins A$26m contract for offshore gas platform.
AusGroup has secured an A$26-28m contract to build an unmanned gas platform for an unnamed customer, which is supposed to be one of Europeâs biggest oilfield service companies by market capitalisation. We suspect that this customer is ENI, and that the platform is for the Blacktip gas development. The work on the platform includes the jacket, topside modules and the piles. The platform will be connected to an onshore gas plant via an 18â subsea pipeline 108km long. We believe that this will be the start of some very exciting news flow for AusGroup in the coming months. As reported earlier, out of 16 of the major Asia-Pacific offshore projects planned till 2015, 10 will be in Australia. The Blacktip development is one of the first of these projects to be underway.
Expect strong demand for oil and gas projects in Australia. Given the large number of offshore developments in Ausgralia, we expect
AusGroup to benefit fro...
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| Regional Update |
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MALAYSIA Property Government is speeding up the approval process within IDR (via online approvals) to be more in line with international property markets. UEM World (BUY/RM4.44/Target: RM7.00) Largest landowner in IDR (10,336 acres). To benefit tremendously from expected 300% surge in land prices in the next 2-3 years. RNAV is RM7.80.SINGAPORE Property - Residential Further insights to the URA's 1Q flash estimates. AusGroup (BUY/S$0.715/Target: S$1.02) Wins A$26m contract for offshore gas platform.THAILAND PTT Exploration & Production (SELL/Bt93.50/Fair: Bt88.50) PTTEP reported highly ...
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| Blog has moved |
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My blog here at blogcharm has been down for more then a week.
I decided to move my Singapore Stocks Update to:
http://sporestocks.blogspot.com/
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