1. SPH Reit  --  11th Oct 20182. Keppel Reit  --  15th Oct 20183. Keppel DC Reit  --  16th Oct 20184. Kep Infra Trust  --  16th Oct 20185. First Reit  --  16th Oct 20186. Kep-KBS US Reit  --  17th Oct 20187. Kep T&T  --  17th Oct 20188. Kep Corp  --  18th Oct 20189. FrasersCom Trust  --  19th Oct 201810. SGX  --  19th Oct 201811. Mapletreelog Trust  --  22nd Oct 201812. MapletreeInd Trust  --  23rd Oct 201813. Frasers Cpt Trust  --  24th Oct 201814. MapletreeCom Trust  --  24th Oct 201815. Suntec Reit  --  24th Oct 201816. M1  --  24th Oct201817. Semb Mar  --  25th Oct 201818. Parkway Life  --  25th Oct 20181

From its peak in early May 2018, the Straits Times Index (SGX: ^STI) has fallen by some 17%. Even though the stock market has been jittery of late, some stocks could go on to beat the market. Using data from S&P Global Market Intelligence and the Magic Formula investing strategy developed by investor Joel Greenblatt, I found some of the best Singapore-listed stocks for November that could go on to do well. The basic premise of the Magic Formula is to first find a list of the best shares in the market as ranked by their cheapness and their quality, then buy that list of shares and hold them for a year, before repeating the ranking process. For a deeper understanding of how the formula works, here’s an article explaining the strategy. With that, here are the top 20 stocks in Sin

Investment Portfolio1. Received Kep Reit dividend of 1.36 cents/unit2. Received First REIT dividend of 2.15 cents/unit3. Received FrasersCom Trust dividend of 2.40 cents/unit4. Entitled to MapletreeInd Trust scrip or cash dividend of 3.01 cents/unit5. Received Frasers Cpt Trust dividend of 2.862 cents/unit6. Received MapletreeCom Trust dividend of 2.27 cents/unitStockHolding Price*Market PriceUnrealized Profit/LossDividend ReturnNon-StrategicCapitaMall Trust$1.155$2.11+80.35%+81.92%First REIT$0.5973$1.20+100.43%+114.82%Genting SP$0.5314$0.88+65.02%+25.40%KepCorp$7.4156$6.20-16.76%+43.97%SIA$12.0697$9.48-21.86%+34.50%SingPost$1.0093$1.04+2.46%+47.77%MapletreeInd Trust$0.8537$1.85+115.34%+72.54%Kep DC Reit$0.9174$1.33+47.60%+22.74%Frasers Cpt Trust$1.6314$2.16+30.71%+21.51%Unrealized+44.61%+

Valuetronics Holdings Limited (SGX: BN2) is an integrated electronics manufacturing service provider headquartered in Hong Kong. It offers a combination of design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products. In a previous article of mine, I looked at Valuetronics’ revenue streams to understand its business. In this article, I will take the next step to understand the company’s cost structure. Doing so is important – after all, a company’s profit is what is left after deducting costs from revenue, and it is a company’s profit that determines the performance of its share price over the long run. Here’s a breakdown of Valuetronics’ costs for its financial year ended 31 March 2018 (FY2018): Sourc

Never have I invested in a stock in the past was first looking at its Technical Analysis instead of its fundamental.  Normally, the nature of the company's business, the quality of the products or services being offered, the quality of management, etc will be the first few factors that will attract me to do more research on the company and determine is it worth to invest in.  However, for Creative Technology, this will be the first stock (and hopefully last) that I get attracted to initially is from the Technical Analysis of its price performance.  I was analyzing for the price to move in Elliott Wave pattern after the company announced its new product, the Super X-Fi, which many said is the "holy grail" (refer here and here).  I wasn't impressed with the product initia

The following is the Elliott Wave Supercycle degree chartTo ensure the Supercycle wave count is more accurate, the following criteria are being adopted.1. Any economic recession shall occur in Supercycle degree corrective wave2. Any severe weakness in company or industry fundamental shall occur in Supercycle degree corrective wave3. Any weakness in company or industry fundamental can occur in Cycle degree corrective waveThe followings are the possible wave count.Wave Count 1 (Black)Supercycle Wave ((1)) in 2007 and Wave ((2)) in 2009 due to 2008 GFC.  It completed Wave ((3)) in Mar 2018 and now in Wave ((4)).  Though during these periods there isn't any economic recession, the ongoing US-China trade war and the concern of oversupply from its client on smart lighting which are hav

The woes of the global market continue to drag down performance of the STI and investors are seeing the warning signs to be more selective in stock picking. Here are five stocks that UOBKH thinks will be better positioned. Investors Takeaway: 5 Stocks To Make Your Portfolio More Robust Valuetronics Valuetronics continue to enjoy healthy demand for the industrial and commercial electronics (ICE) segment. While it has not yet transpired to strong earnings this time round, UOBKH foresees a better earnings report for Valuetronics in the upcoming quarter. UOBKH highlights that recovery in the smart lighting segment is progressing smoothly. Valuetronics has also been focusing on more product innovation, which will help its consumer electronics division to continue driving stable growth in th

Valuetronics Holdings Limited (SGX: BN2) is an integrated electronic manufacturing service provider headquartered in Hong Kong. It offers a combination of design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products. In this article, let’s look at how the company makes its money. Here, I will look at this aspect from two perspectives — by segment and by region. By segment Source: Valuetronics 2018 Annual Report The first aspect that we will look at is Valuetronics’ revenue breakdown by segment. From the above, we can see that Valuetronics breaks down its revenue into two segments — consumer electronics, and industrial and commercial electronics. Examples of products supplied by the company are smart lighting pr

United Overseas Bank Price – $26.85 Target – $33.30 The Federal Open Market Committee (FOMC) raised the US federal funds rate (FFR) by 25 basis points (bps) on 26 Sep-2018, and indicated the possibility of another FFR hike in December with three more to follow next year. Historically, there is a positive correlation between FFR and 3-month SIBOR, which has also risen to an average of 1.63% in 3Q18 from 1.51% in the prior quarter representing a 12 bps q-o-q increment. This will help to widen the 3Q18 net interest margin for United Overseas Bank (UOB). Furthermore, healthy sales in recent property launches indicated that the Government’s property cooling measures in early July might have limited impact on mortgage growth. Meanwhile, UOB pressed on with its plans for a digital bank, whi

In July, Valuetronics Holdings Limited  (SGX: BN2) published its annual report for the year ending 31 March 2018 (FY2018). When I read through the report recently, I found an interesting area of discussion that I want to share in this article: Management’s thoughts on the Internet of Things (IoT) trend. Valuetronics’ business As a quick introduction, Valuetronics is an integrated electronics manufacturing service provider that is headquartered in Hong Kong. It offers a combination of design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products. Internet of Things In his letter to shareholders, Valuetronics’ chairman and managing director, Tse Chong Hing, explained what IoT is and the growth opportunities the trend b

Valuetronics Holdings Limited (SGX: BN2) recently published its annual report for its financial year ending 31 March 2018 (FY2018). Given that reading an annual report is one of the best ways to keep up with a company’s developments, I decided to go through Valuetronics’s latest annual report to understand the company’s prospects, and how it had performed in the previous year. In this article, I want to share an area that I found interesting after reading the report: The risks faced by Valuetronics. Global supply chain challenges Valuetronics is an integrated electronics manufacturing services provider that is headquartered in Hong Kong. The company offers a combination of design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical pr

Valuetronics Holdings Limited (SGX: BN2) is an integrated electronic manufacturing service provider headquartered in Hong Kong. It offers a combination of design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products. The company recently published its annual report for the year ended 31 March 2018 (FY2018). Given that reading an annual report is one of the best ways to keep up with a company’s developments, I decided to go through Valuetronics’ latest annual report to understand the company’s prospects, and how it had performed in the previous year. Generally, when reading an annual report, I will pay close attention to the letter to shareholders that the company’s chairman and/or CEO writes. In this article, I will look at

According to UOBKH, the investment climate is generally in a risk aversion mode due to external concerns over rising trade tensions, uncertainties over the US midterm elections as well as higher interest rates. To help investors cope with these uncertainties, UOBKH recommends investors to pick stocks using these three strategies. Investors Takeaway: Coping With Market Uncertainties Safe Picks For Risk-Averse Investors Given the near-term uncertainties, UOBKH continues to recommend a relatively defensive positioning. In particular, UOBKH thinks that investors should not be too hopeful on stocks that do not offer visible earnings or those without strong operating cashflows to support a decent dividend yield. Within UOBKH’s coverage, it notes that stocks that have outperformed so far offe

Year-to-date, the Straits Times Index (SGX: ^STI) is down by around 4%. Even though the stock market has not been doing well, some stocks have soundly beaten the market. Take, for example, Delong Holdings Limited (SGX: BQO). Since the start of 2018, Delong Holdings’ share price has surged by more than 160% to close at S$6.95 on Friday, 28 September. The steelmaker was in the news recently as its chief executive and executive chairman, Ding Liguo, has launched a privatisation bid with a voluntary conditional cash offer of S$7.00 per share. Coincidentally, Delong was also featured as the second-best stock in my colleague Chong Ser Jing’s article, The 30 Best Stocks In Singapore For 2018. In his article, which was published in January 2018, Ser Jing shared 30 Singapore stocks t

Investment Portfolio1. Received Genting SP dividend of 1.5 cents/share2. Received CapitaR China Trust scrip, increasing holding by 3.54%, reducing Strategic cost from $0.2204/share to $0.2191/share3. Received Mapletreelog Trust advance distribution of between 1.893 cents/unitStockHolding Price*Market PriceUnrealized Profit/LossDividend ReturnNon-StrategicCapitaMall Trust$1.155$2.22+89.82%+81.92%First REIT$0.5973$1.26+110.45%+111.22%Genting SP$0.5314$1.06+98.87%+25.40%KepCorp$7.4156$6.96-6.51%+43.97%SIA$12.0697$9.74-19.71%+34.50%SingPost$1.0093$1.13+11.38%+47.77%MapletreeInd Trust$0.8537$1.98+130.56%+72.54%Kep DC Reit$0.9174$1.37+52.06%+22.74%Frasers Cpt Trust$1.6314$2.27+37.45%+19.76%Unrealized+55.58%+61.93%StrategicKep REIT--$1.19119.00 cents/share19.11 cents/unitFrasersCom Trust--$1.4614

Benjamin Graham, who was Warren Buffett’s mentor, once said: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” What Graham meant is that in the short-term (days and months), stocks can fluctuate wildly. But in the long-term, companies with strong earnings tend to do better than those without. The best shares of the decade Over the past 10 years, the 15 best-performing stocks in Singapore’s market are: 1. AEM Holdings Ltd (SGX:AWX); 2. Best World International Limited (SGX:CGN); 3. BreadTalk Group Limited (SGX:CTN); 4. CITIC Envirotech Ltd (SGX:CEE); 5. Straco Corporation Limited (SGX:S85); 6. UMS Holdings Limited (SGX:558); 7. Tianjin Zhong Xin Pharmaceutical Group Corporation Limited (SGX:T14); 8. China Sunsine Chemical Holding

My view:Singapore OEM picks: 1. Personally, I am of the view that all supply chain/flood concerns on its plant has been broadly priced-in by the market near its 2-year low of 60cts. I would start BUYING now. 2. UOBKH Research has a BUY on Valuetronics Holdings (VALUE SP) at a further +40% upside SGD 0.68/0.96. Key takeaways from the recent management conference call: a) limited impact from the recent flood in Danshui plant which has resumed operations, b) the new US$200b trade tariff from the US does not pose a significant threat to Valuetronics; it guided that less 10% of its revenue are affected and additional costs will be borne by customers, and c) utilisation rate for the CE segment remains healthy at >90%. Current valuations look attractive at 4.3x FY19F ex-cash PE a

Investment Portfolio1. Strategically increased CapitaR China Trust holding by 13.37% at $0 cost; reducing Strategic cost from $0.2249/unit to $0.2204/unit2. Entitled to CapitaR China Trust scrip or cash dividend of 5.39 cents/unit3. Received SingPost dividend of 0.5 cents/shareStockHolding Price*Market PriceUnrealized Profit/LossDividend ReturnNon-StrategicCapitaMall Trust$1.155$2.14+82.93%+81.92%First REIT$0.5973$1.29+115.46%+111.22%Genting SP$0.5314$1.07+100.76%+22.58%KepCorp$7.4156$6.53-12.31%+43.97%SIA$12.0697$9.80-19.21%+34.50%SingPost$1.0093$1.15+13.36%+47.77%MapletreeInd Trust$0.8537$1.99+131.73%+72.54%Kep DC Reit$0.9174$1.35+49.83%+22.74%Frasers Cpt Trust$1.6314$2.30+39.28%+19.76%Unrealized+56.25%+61.64%StrategicKep REIT--$1.19119.00 cents/share19.11 cents/unitFrasersCom Trust--$1.

Investment Portfolio1. Received SingPost dividend of 2.00 cents/share2. Received Kep Reit dividend of 1.42 cents/unit3. Received Kep DC Reit dividend of 0.85 cents/unit4. Received First Reit dividend of 2.15 cents/unit5. Received Kep Corp dividend of 15 cents/share6. Received CapitaMall Trust dividend of 2.81 cents/unit7. Received Mapletreelog Trust dividend of 0.559 cents/unit8. Received MapletreeInd Trust dividend of 3.00 cents/unit9. Received Frasers Cpt Trust dividend of 3.053 cents/unit10. Received FrasersCom Trust dividend of 2.40 cents/unit11. Received MapletreeCom trust dividend of 2.23 cents/unit12. Received SIA dividend of 30 cents/shareStockHolding Price*Market PriceUnrealized Profit/LossDividend ReturnNon-StrategicCapitaMall Trust$1.155$2.16+84.66%+81.92%First REIT$0.5973$1.29+

China’s stock market has been having a rough time since the start of this year. The Shanghai Composite Index is down some 16% year-to-date. However, there are a group of China-focused companies that have done well over the last three years. A recent report from SGX on the FTSE ST China Index provided more insight. The FTSE ST China Index is made up of constituents found in the FTSE ST All-Share Index with exposure to Middle Kingdom. As a criteria, companies in the index must derive at least 50% of their sales revenue, or have 50% of their operating assets located in mainland China. With that in mind, let’s look at three Singapore-listed companies which are part of the index, and have benefited from the rise of China (total return data based on three year returns prior to 21 August 2018