By Ernest Lim This week, Best World International (Best World) has caught my attention. Why is it interesting? a) Chart seems to be in the midst of a double bottom formation With reference to Chart 1...
S&P500, Nasdaq and Russell 2000 hit records last Friday with S&P500 closing at 2,875. However, our STI has dropped 11.8 percent after hitting a decade high of 3,642 on 2 May 2018. Hang Seng has also tumbled 17.4 percent after hitting a high of 33,484 on 29 January 2018.
On 6 July and 9 July, there were separate announcements on SGX that Tamaris Infrastructure (Salim-controlled vehicle and major shareholder) and Gateway have raised their stake in Moya Holdings Asia (Moya). What is so interesting about this?
By Ernest Lim Singtel closed -$0.03 to $3.02, the lowest close since Jun 2012. Based on Bloomberg, it is trading at approximately 5.9% estimated div yield. Ave analyst target is around $3.92. Hence total poten...
With reference to my market outlook HERE posted on 11 May 2018, I mentioned at that time that I have started to sell into strength, as I am cautious on the overall market. I updated on 30 May 2018 (click HERE) that STI is likely to trade sideways with downward bias. Separately, my clients would have been notified on 12 June 2018 morning that I have already reduced my percentage invested to approximately 40% as I believe market is likely to trend downwards in the next couple of weeks.
With reference to my market outlook HERE posted on 11 May 2018, I mentioned at that I had sold into strength, as I was cautious about the overall market. Clients would have been aware / notified that I had already reduced my percentage invested to less than 60 percent.
Dow has logged a seventh consecutive rise and small caps as measured by S&P600 index have just closed at a record high as of 11 May 2018. Our Singapore market has also done us proud by becoming Asia’s best-performing equity market on 2 May 2018, after rising to a 10-year high since the financial crisis of 2008. In view of the above, is it a screaming buy for our Singapore market, especially for small caps which have underperformed?
Sunningdale Tech (Sunningdale) has plunged 46 percent in less than half a year, from an intraday high of $2.40 on 6 November 2017 to close $1.30 on 30 April 2018. What happened? Is Sunningdale a “goner”?
Do you know that Oxley Holdings (Oxley) has the largest residential land bank in Singapore by number of dwelling units, based on an article in the Business Times dated 23 January 2018?
Based on a simple tracking of DBS' share price performance from CD to XD, on average, DBS seems to have moved approximately 4 to 9 percent above its CD price, nearer to XD (translating to around $27.86-29.13). See Table 1 below. DBS is going to XD $1.10 on 3 May.