Aug private home sales showed selective buying post cooling measures, in our view. We think that fast asset turn and good sell-through rates are key to margin preservation. Stay sector Neutral. Our sector top picks are City Dev, UOL and HoBee Land. (adsbygoogle = window.adsbygoogle || []).push({}); Selective buying post measures Aug monthly private home sales came in at 639 units (616 units excluding executive condominiums), down 60% yoy and 64% mom, reflecting a much quieter residential market post cooling measures. New launches such as The Tre Ver garnered 22% sales (out of a total of 729 units) within the first month of launch at an average of S$1,551 psf, in line with the company’s expectations. Meanwhile, selected ongoing projects saw an additional 4-10% changing hands such a

Yes, you heard it right. You don’t have to be a Crazy Rich Asian to invest in the Singapore stock market. You also don’t need thousands of dollars to buy your first stock. Lagi better, you don’t even need S$500 to start your investment journey. With as little as S$12 per day, or S$360 per month, you can kickstart your stock market portfolio. A basket of stocks Enter the SPDR STI ETF (SGX: ES3). The SPDR STI ETF is an exchange-traded fund (ETF) that tracks the fundamentals of Singapore’s stock market benchmark, the Straits Times Index (SGX: ^STI). The Straits Times Index contains the 30 largest companies in the local stock market in terms of market capitalisation, adjusted for their free float. The companies include the three major banks in Singapore, and the property giants s

It is no secret that Singaporeans love to invest in properties. And who can blame them? Over the past decade, Singapore’s property market has skyrocketed. A growing economy, scarce land supply and low-interest rates have resulted in increasing demand for property. These in turn have propelled prices of property in Singapore to among the most expensive in the world. Investors who had purchased property a few decades ago would likely have made a killing. However, despite its marvellous track record, there are limitations to investing in property in Singapore. For one, investors require a large capital outlay. There are also additional stamp duties for permanent residents and Singaporeans buying their second property. Additionally, property is an illiquid asset that can take months or even

Just last week, we spotted some pretty bearish actions in CityDev…It was holding above the 9.00 psychological support all this while but this time buyers just could not hold it any longer…Hence some downside was expected and targets drawn as see below…Indeed we started to see more selling coming back and it pushed lower towards our target..But some support seen at 8.50 for now where short covering is happening given the sell down..…But would want to be cautious of more selling if this level were to give way… see updated chart below..Actually did a video over the weekend where I talked about the Singapore stock market (STI) and mentioned 2 stocks that you want to be cautious of for more weakness…Have you watched it yet??Click here to watch video now… And more importantl

Amazon.com briefly joined Apple in the trillion dollar club on Tuesday when its shares hit a high of US$2,050.50 apiece. Although the share price has since dipped back to US$1,994 (as of 6 September), it still marked a historic accomplishment for chief executive, Jeff Bezos, who founded the company as a small online book seller a mere 24 years ago. Bezos is now the world’s wealthiest person, with Amazon.com a diversified enterprise that has more than US$200 billion in annual sales and more than 575,000 employees. Amazon shares have more than tripled since 2015 and are up more than 500 times the IPO price, after accounting for share splits. Share buybacks in Singapore reached a 35-month high in August as 43.6 million shares worth S$245.4 million were repurchased by 30 companies. The total

In August, there were 30 companies buying back 43.6 million shares or units for a total amount of S$245.4 million, according to a report released by the Singapore Exchange yesterday. Compared to a year ago, the repurchases last month was up 300%. The buyback on a month-on-month basis more than doubled – in July 2018, the total share buyback amount was S$109 million. The top five companies with the largest buyback considerations were Straits Times Index (SGX: ^STI) components. In the magnitude of total buyback considerations, those five blue-chips were DBS Group Holdings Ltd (SGX: D05), CapitaLand Limited (SGX: C31), United Overseas Bank Ltd (SGX: U11), Oversea-Chinese Banking Corp Limited (SGX: O39) and City Developments Limited (SGX: C09). Coming in sixth was HRnetGroup Ltd (SGX: CHZ

Out of the universe of Singapore-listed companies that reported 2Q18 earnings, 29 percent bested UOBKH’s expectations. This is almost double of last quarter’s 15 percent, which makes 2Q18 one of the highest level of beats since 4Q16. In this article, we dive into the sector analysis of some of the top performing and underperforming sectors in 2Q18. UOBKH SG Report Card: How Did Each Sector Fare? Banks: Solid Performance But Outlook Affected By Uncertainty The banks managed to deliver solid earnings result in 2Q18. However, OCBC came out on top of DBS in this quarter by beating expectations. DBS uncharacteristically fell marginally below expectations but still managed to deliver on net interest margin (NIM) expansion. In that aspect, OCBC was still lagging behind with some catching u

When it comes to investing in foreign properties, DollarsAndSense usually advocates a cautious approach. This is because investors face asymmetric information – with much of the information in the hands of the developers while investors don’t know much about the state of the local rental market, the location of the property or the local rules and regulations Nevertheless, this hasn’t stopped property investors from Singapore from ploughing over $37.2 billion in overseas properties in 2017. This also makes us the “fifth largest source of capital globally”. The increasingly expensive and restrictive Singapore residential property market will only spur this trend. Read Also: What The Latest Round Of Cooling Measures For Singapore’s Property Market Means For Investors We Only Hear

Performance of Straits Times Index (STI) Constituents in August 2018 The Straits Times Index (STI) ended 106.37 points or 3.20% lower to 3213.48 in August 2018.(compared to 3319.85 on 31-Jul-2018) Top Performers: Yangzijiang Shipbuilding, Venture Corporation, CapitaLand, Wilmar International, Sembcorp Industries. Least Performers: Thai Beverage, Genting Singapore, Jardine Strategic, City Developments, DBS Group. Most Volatile: Yangzijiang Shipbuilding, Thai Beverage, Genting Singapore, Venture Corporation, CapitaLand. Advertisement Continue Reading »

US stocks reached new highs on Friday after Federal Reserve chairman Jerome Powell said that there were “no signs of an overheated economy” and policymakers expect to increase interest rates gradually. The S&P 500 index, a broad-based stock barometer, increased 0.6% to 2,874.69, a record-high in seven months. The Nasdaq rose 0.9% to 7,945, also a new record, while the Dow Jones Industrial Average gained 0.5% to close at 25,790, 825 points shy of its all-time high. Analysts expect the central bank to raise rates two more times this year. Singapore Telecommunications Limited (SGX: Z74) shares jumped on Thursday, 23 August, by as much as 7.5%, the most in more than nine years. This came after Vodafone Hutchison and TPG Telecom said they were in talks for a potential merger in

It’s been almost one and a half years since my last blog post. Markets had until late been overwhelmingly positive after Trump’s elections despite initial concerns. All this led to a dramatic decline in me writing as the markets roared ahead. Singapore underwent something unique only to it – the enbloc craze. This development swept to the property sector too and listed property stocks faced a dramatic uplift in prices. Fast forward to today, the mood has darkened considerably. We had some real volatility at the start of the year, as well as some real sustained price declines focused around emerging markets. It’s had been a long time since we have had any real volatility – something I found particularly unsettling as the only real guarantee for volatility is the la

Whistler Grand showflat Whistler Grand condo at West Coast Vale is an upcoming development slated to be launched by CDL. This post will give you a review of Whistler Grand, pricing, floor plans, and information you need to make a wise investment decision. Project name Whistler Grand District 5 Developer City Developments Pte Ltd (CDL Pegasus Pte Ltd) Address West Coast Vale Tenure 99 years Total number of units 730, from 1 to 5 bedrooms Site area 19,591.5 sqm Estimated launch date October 2018 Facilities Clubhouse, gymnasium, lap pool, kid’s pool and 50 metre lap pool Project highlights Potential area along with Government’s masterplan for Jurong to be second CBD (supporting market wide prices) Shifting of PSA to Tuas Megaport (potential for rental demand)

In the next few days, there are a number of firms going ex-dividend. In other words, you need to own them before a particular date in order to receive their dividends. Let’s take a look at three of them at random. Tuesday, 21 August 2018 Haw Par Corporation Ltd (SGX: H02) is going ex-dividend on Tuesday. It is well-known as the producer of Tiger Balm, dubbed “the world’s leading analgesic remedy”. Haw Par is dishing out 15.0 Singapore cent per share for its second quarter of 2018. Revenue for the three months ended 30 June 2018 rose 5.9% year-on-year to S$64.1 million, as a result of stronger foreign currencies. Meanwhile, net profit surged 60% to S$82.1 million, largely due to higher dividend income. Haw Par shares ended Friday at S$13.58 each, translating to a price-to-earnings (

Singapore’s stock market barometer, the Straits Times Index (SGX: ^STI), fell 2.3%, or 75.3 points, to 3,209.4. Of the 30 index components, 23 were in the negative territory while the remaining seven were in the positive region. Thai Beverage Public Company Limited (SGX: Y92) was the biggest loser of the lot, tumbling 10.4% to S$0.645. During the week, the beverage company announced its financial results for its fiscal third quarter. Thai Beverage’s revenue grew 34% year-on-year to THB 60.7 billion during the quarter, but its profit attributable to shareholders plunged 61% to THB 6.0 billion. The fall in the bottom line was due to lesser earnings from the spirits and beer businesses, higher net loss from the non-alcoholic beverages business, and drop in contributions from Fraser and N

Warren Buffett is a massive advocate of businesses buying back their shares if the conditions are right. He believes that share buybacks can reveal a thing or two about the company’s management. He once said: “What you’d like to do as an investor is hook them up to a machine and run a polygraph to see whether it’s true. Short of a polygraph the best sign of a shareholder-oriented management — assuming its stock is undervalued — is repurchases. A polygraph proxy, that’s what it is.” With that, let’s check out three blue-chip companies picked at random that have repurchased their shares thus far during the week, as of market open today. DBS Group Holdings Ltd (SGX: D05) DBS is a leading financial services group in the region, with a growing pr

1. SPH Reit  --  10th Jul 20182. SPH  --  11th Jul 20183. Kep Reit  --  16th Jul 20184. Soilbuild REIT  --  16th Jul 20185. Kep DC Reit  --  17th Jul 20186. Kep Infra Trust  --  17th Jul 20187. Kep-KBS US Reit  --  17th Jul 20188. First Reit  --  17th Jul 20189. Kep T&T  --  18th Jul 201810. Capitaland Comm Trust  --  19th Jul 201811. Kep Corp  --  19th Jul 201812. SATS  --  19th Jul 201813. SIA Engg  --  19th Jul 201814. CapitaMall Trust  --  20th Jul 201815. Semb Mar  --  20th Jul 201816. Mapletreelog Trust  --  23rd Jul 201817. MapletreeInd Trust  --  24th Jul 201818. Ascott REIT  --  24th Jul 201819. Fras

Tesla’s founder, Elon Musk, revealed on Twitter that he is considering taking Tesla private at US$420 per share. On the same post, he said that funding has been secured, causing the share to jump to close at US$379.57 on Tuesday. But analysts and investment bankers have reacted with skepticism saying, Musk, with his net worth of US$22 billion, would find it difficult to raise the US$72 billion to make the deal happen. There are also big logistical and legal challenges when it comes to buying out smaller shareholders. Meanwhile, blue-chip property companies in Singapore did well over the second quarter of 2018. CapitaLand Limited (SGX: C31) posted a 4.4% increase in profits on the back of contributions made from newly acquired properties. City Developments Limited (SGX: C09) reported an

Capitaland released a respectable set of results for 2Q2018. The following are excerpts from various equity research houses on the company’s performance. CapitaLand reported 2Q18 net profits of S$605.5m, EPS of 14.4cts, +5.1% YoY. Core net profit of S$196.0m (-5.6% YoY) was below our expectation of S$226m, due mainly to lower residential profit recognition. (adsbygoogle = window.adsbygoogle || []).push({}); Result highlights. Core profits was underpinned by higher contribution from newly acquired or opened malls and offices. Active asset recycling, with S$1.8bn of new investments and S$3.1bn of divestments (which surpassed the S$3bn target for this FY). Net revaluation gains lifted book value +4.1% to S$4.52, implying 0.69x P/BV. Also read: Kent Ridge Hill Residences at Buona Vi

My view: S'pore-Aipha-picks: MY PICK: 1. Raffles Medical (RFMD SP) Px/Tgt SGD1.11/1.20 2. Venture Mfg (VMS SP) Px/Tgt SGD17.50/18.50 3. UOB (UOB SP) Px/Tgt SGD27.00/31.80 4. OCBC (OCBC SP) Px/Tgt SGD11.57/13.52 5. DBS (DBS SP) Px/Tgt SGD26.75/28.95 6. SingTel (ST SP) Px/Tgt SGD3.21/4.22 7. SingPost (SPOST SP) Px/Tgt SGD1.34/1.59 8. CD (CD SP) Px/Tgt SGD2.30/2.43 9. SembCorp Ind (SCI SP) Px/Tgt SGD2.68/3.60 10. City Dev (CIT SP) Px/Tgt SGD9.90/11.50 11. Capitaland (CAPL SP) Px/Tgt SGD3.15/4.10 Click HERE to contact us for the full version of this UOB Kay Hian stock research report.Thanks & RegardsInvest Stock - www.facebook.com/investstockAny expression of trading idea found on this website is for sharing only and does not constitute an invitation to trade or investment advice. Please r

The Straits Times Index (SGX: ^STI), which tracks the performance of the top 30 largest and most liquid companies listed in Singapore, ended July in the green. For the month, the index rose 1.6%, or around 51 points, to 3,320. The increase was despite it falling 2%, or 65 points, on 6 July after the Singapore government announced additional property cooling measures a day before. Of the 30 index components, 20 were in the positive territory; one was flat while the remaining nine were in the red. The company that ended the month unchanged was ComfortDelGro Corporation Ltd (SGX: C52). The top three winners of the Straits Times Index were Singapore Press Holdings Limited (SGX: T39), Jardine Strategic Holdings Limited (SGX: J37) and Jardine Matheson Holdings Limited (SGX: J36).Source: S&P