ISOTeam (ISO) caught my attention. Despite sitting on a record order book, ISO has tumbled approximately 44 percent from an intra-day high of $0.385 on 10 April 2018 to close near a four year low at around $0.215 on 10 January 2019. The share price decline was attributable in part to its 4Q18 surprise loss announced in August 2018 (financial year ends in June-2018). Nevertheless, my gut feel is that 4Q18 should mark the trough in earnings and results should improve on a quarter on quarter basis in the next few quarters.
US equity markets have logged their worst weekly performance in the past six months. For our local market, STI has dropped 16.7 percent from an intra-day high of 3,642 on 2 May 2018 to an intra-day low of 3,035 on 11 October 2018. It closed at 3,069 on 12 October 2018.
This week, Singapore Medical Group (SMG) caught my attention.
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?