Archive for the ‘kleer’ Category
Friday, May 2nd, 2008
Indofood Agri Resources announced a 586% rise in quarterly profit, mostly driven by additional revenue from its recent acquisition of subsidiaries. This is in line with the broad rise in commodity prices this year.
For the medical healthcare sector, Raffles Medical announced a 48% rise in quarterly profit.
For the transport sector, SMRT announced a -5.5% fall in quarterly profit despite a 14.3% rise in revenue, largely due to higher operating expenses, especially higher oil prices.
for the retail sector, Jardine C&C, one of the region's largest automotive retailers, announced a 64% rise in quarterly profit, which is surprising given that rising inflation and poor economic outlook is supposed to reduce consumer spending.
For the property sector, Capitaland announced a -59% fall in quarterly profit. But upon closer examination, its revenue and gross profit actually registered -1% and 9% respectively, and that the fall was mostly attributed to the exceptional fair value gains of its investment properties last year.
Cosco Corp, one of the leading S-shares in terms of growth potential and market cap, announced a 110% rise in quarterly profit.
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Thursday, May 1st, 2008
These are my current stocks holdings as of 30 April 08.
- Pan United
- Sarin
- Yongnam
- Taisin
- Sinotech Fibre
- Eastern
- Lifebrandz
- Sihuan
- China XLX
- FujianZY
- Sing Inv
- UIS
- China Sports
- Fibrechem
- HLN Tech
- China Pplus
- ARA
- Yongnam W121214
The April 08 portfolio value of $369,945 is a decrease of -$27,263 (or -6.8%) over the March 08 portfolio value of $397,208. There was also a cash reduction of -$39,477 from stock sales, so in fact, the portfolio value had increased by $12,214 (or 3%).
These are the key Portfolio Changes.
I sold off my stake in IFS, not for any negative reason. I still see the stock as an excellent defensive yield stock, and it had served me well in protecting my principal capital during these volatile months.
Thus my purpose of selling it is with the intention of using the proceeds to purchase other undervalued potential growth stocks, which I will identify during this reporting season.
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Monday, April 28th, 2008
Singapore Land announced a 85% and 20% rise in revenue and profit respectively, due to the fact that it derives most of its income from the rental of its properties (see
here). On the other hand, Allgreen's results were affected by the current slowdown and announced a -59% fall in quarterly profit.
HL Finance, one of the leading mid-cap finance companies, announced a 16% rise in quarterly profit.
Ferrochina announced a 264% rise in quarterly profit, largely contributed by strong sales demand and the additional production capacities derived from the
Superb Team acquisition in 2007. Sino Environment announced a 177% rise in quarterly profit, with all its business segments registering revenue increases. Yangzijiang announced a 124% rise in quarterly profit.
These 3 companies are the first amongst the leading china growth stocks to report their results. Hopefully, its a sign of good results to come from the other china stocks.
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Thursday, April 24th, 2008
Keppel Corp announced a 5% rise in quarterly profit. As the market leader in the offshore and marine industry, this is a sign that that industry is holding up quite well thus far.
Keppel Land announced a -3% fall in quarterly profit. This is actually quite encouraging since it was thought that the property market had an exceptionally poor 1Q08.
Unsurprisingly, Osim registered a loss of -S$13.4m largely because it does most of its sales during the 4Q holiday season, and also due to its exposure to the weakening US dollar and retail market. There was a silver lining in that it managed to reduce its quarterly loss by 24%.
I also noticed that the construction companies have clinched a lot of contracts during 1QFY2008.
Pan United:
Secured 5 ready-mixed concrete supply contracts worth a total of S$124.5m, especially for the MRT downtown line stage 1.
Yongnam:
Secured its 1st major contract win in India via a S$70m sub-contract to erect the roof structural steelwork for the Delhi International Airport Terminal 3 Building.
Secured 2 construction contracts worth a total of S$131.7m with the Marina Bay Sands IR.
BBR:
Secured a S$6m contract with LTA to upgrade its vehicular bridges at 7 locations.
Secured a S$95.3m contract with Ascendas to build an Office Tower Block at the International Business Park in Jurong East.
Secured 2 contracts worth S$8m for piling works on a 5-storey Youth Community Building in Orchard and a 10-storey Condominium in Hillview.
KSH:
Secured 4 contracts worth a total of S$354.3m to construct 3 luxury condominium projects and 1 office building.
LKH:
Secured S$346m contract with Resorts World Sentosa for the construction of Hard Rock Hotel, the ballroom and festive walk at Sentosa.
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Wednesday, April 23rd, 2008
This report was compiled by Lim & Tan Securities this morning:
Business Times’ latest poll shows 3 out of 4 fund managers (2 fundamentals-based: Mark Mobius of Templeton, and Jim McCaughan of Principal Global, and 1 chartist, Paul Nesbitt of Fortis) believe the worst may be over for the equity markets. (The “bear”, Chris Caspar of Russel Investments, while warning of a retest of recent lows, expects a V shaped economic recovery in the US, which will be positive for Asian stock markets.)
Straits Times quoted a few market commentators as saying GIC’s views (reported yesterday) were too gloomy, eg the UBS economist noted that unemployment rate in the US hit a post-war high of 10.8% in Dec ’82 vs 5% today.
Merrill Lynch, one of the worst hit during the current credit crunch, yesterday raised US$9.55 bln selling unsecured notes (with yields more than 300 basis points above treasuries of similar maturities) and perpetual preferred shares yielding 8.625%. This brings the total raised by financial institutions to US$28 bln in the past 2 days, which shows there is ample cash on the sidelines.
As a result of the above, the world’s largest banks and securities firms have so far raised US$194 bln after reporting more than US$290 bln in losses and write-downs. This should provide much comfort to investors around the world.
Talking of decisive measures to deal with the current crisis, we are reminded of the HK Monetary Authority’s (HKMA) master stroke during the Asian Crisis to protect the HK$ and boost market confidence, in setting up the Tracker Fund to mop up stakes in the top blue chip stocks listed on the HK Exchange.
Everything moves in cycles after all.
And HKMA has been laughing all the way to the bank since the stupendous recovery of the HK stock market.
One wonders if the US Treasury will some day in the not-too-distant future, set up a monster fund to mop up the delinquent mortgages in the US, to stem further deterioration of the housing market, the root cause of the current crisis.
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