Broadway Industrial Group (Broadway Industrial), a Singapore-listed entity specialising in the manufacturing of precision-machines components for the electronics, automotive, oil & gas (O&G), and other industries issued a profit guidance announcement this past week (May 03, 2019) that it is expected to report a net loss for the first quarter ending March 31, 2019.
Most investors are not familiar with Samurai 2K Aerosol (Samurai 2K). Though carrying a name that embodies the spirit of the ancient Japanese warrior, Samurai 2K is actually a Malaysia-based aerosol coating company which focuses on coating solutions for the automotive refinishing and refurbishing industry.
JEP Holdings (JEP), a local public-listed company since October 2004, is embarking on an approach to aggressively grow its aircraft precision business. The Catalist-listed company had appointed Andy Luong, who is the founder and current CEO of UMS Holdings, as JEP’s new acting CEO in July 2018 following the exit of former CEO, Joe Lau. UMS Holdings holds a 30 percent in JEP.
Far East Group, a Singapore-based Heating, Ventilation and Air Conditioning (HVAC) company is listed on the Singapore Exchange (SGX) Catalist Board since August 2011 has one of the highest dividend yields at 20.7 percent, according to SGX Stockfacts. We examined the fundamentals and business model of this overlooked counter.
Shortly over the first quarter in 2019, we have seen major stock indices growing generally by about 10 to 15 percent worldwide. Some strong growth indices in Asia like Hong Kong and China have climbed into the region of average 20 percent gains. By April 2019, Singapore FTSE STI has gained about 10 percent; U.K. FTSE 100 has climbed 11 percent; Dow Jones benchmark has risen 14 percent. Apart from this, the outstanding performance goes to Hang Seng Index which has ascended 18 percent, only to be eclipsed by Shanghai Composite Index’s 28 percent growth.
We believe that Best World is a fraud and that its Chinese sales are a fraction of what was reported to shareholders.
Last year in September, Delong Holdings’ Chief Executive Officer and Executive Chairman Mr. Ding Liguo launched a privatisation bid for the mainboard-listed Chinese steel maker in a voluntary conditional cash offer of $7.00 per share.
Nico Steel Holdings (Nico Steel), a SGX Mainboard-listed entity since 2009, specialising in production of ferrous and non-ferrous metal alloys, recently announced its earnings guidance for FY19. It expects to record a significant increase in profits as compared to the previous year. This comes after a set of good profit performance during 1H19 as compared to the same period last year.
In an article by Bloomberg, a less than sanguine picture was painted after the FTSE Bursa Malaysia KLCI Index is down 13.5 percent from its high of 1,887 in April 2018. Despite global equities rising amid a pot...
As 1Q19 ended, it is also a good time to look back at the share price performance of some of the local-listed counters we have looked at on Shares Investment (SI).