SGX Market Research of KSH Holdings

KSH reported that the 10th Chinese National Youth Rock Climbing Championship has officially commenced at the Mountain Climbing Training Centre & Outdoor Sports Centre in Gaobeidian, Hebei Province, China, which is part of the consortium’s Sino-Singapore Health City development project.

The championship attracted more than 150 contestants from mainland China, Hong Kong, Macau and Taiwan, and the management team expects that the Sino-Singapore Health City will be a choice destination for national and world competitions which will attract tourists, sport broadcasters and outdoor sport lovers.

The Sino-Singapore Health City project is being developed by a Singapore consortium consisting of KSH Holdings Limited, Oxley Holdings Limited, Lian Beng Group Limited, Heeton Holdings Limited and Zap Piling Pte Ltd.

Our fair value estimate of S$0.86 is adjusted to S$0.69 to reflect the recent bonus share issuance of one bonus share for every four existing shares. Maintain HOLD.

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Share Market Analysis of Ascendas REIT

Ascendas REIT (A-REIT) announced that it has completed the acquisition of a CBD fringe office property located at No. 100 Wickham Street, Fortitude Valley, in Queensland, Brisbane.

The purchase consideration is A$83.8m (~S$90.3m) and including transaction costs, the total acquisition fee works out to be A$89.9m. This translates into an expected initial NPI yield of 7.6% (pre-transaction costs) and 7.1% (posttransaction costs). The acquisition would be fully debt funded.

The freehold 14-storey property has a total lettable floor area of 13,131 sqm and currently enjoys full occupancy with key tenants including the State of Queensland (Department of Health) and three data centre operators. The leases are embedded with annual rental escalations of between 3%-4% with WALE of 4.8 years, as at 30 Jun 2017.

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Singapore Stocks CapitaLand Commercial Trust analysis

Singapore Stocks CapitaLand Commercial Trust (CCT) is securing Asia Square Tower 2 in Marina Bay from US private value mammoth BlackRock for $2.09 billion, or $2,689 psf.

CapitaLand Commercial Trust (CCT) is securing Asia Square Tower 2 in Marina Bay from US private value mammoth BlackRock for $2.09 billion, or $2,689 psf.

This is what financier and research houses are stating a day after the declaration.

Macquarie Research says CCT stays one of its best picks in the S-REIT part, keeping up a “beat” with an objective cost of $1.85.

With the offer of Wilkie Edge and a half stake in One George Street prior this year, the Asia Square 2 securing will enhance the nature of CCT’s portfolio, says Macquarie.

This is in accordance with its all around enunciated portfolio reconstitution technique.

“As Grade A rents have bottomed out, with no new supply until the point that 2021, there is space to upgrade the passage yield of 3.6%, in our view,” says lead financial Advisor Tuck Yin Soong.

Maybank Kim Eng is keeping up a “BUY” and $1.81 target cost.

Stock market analysis by Derrick Heng sees the arrangement emphatically the objective is a fantastic resource which is sold at a rebate to the valuations of practically identical properties and the substitution cost of another office working in the region.

Post-obtaining total use likewise stays agreeable at 37.1%, up from 36%.

Goldman Sachs is keeping up a “purchase” rating on the stock with an unaltered year DCF-based target cost of $1.96.

In spite of the fact that its estimate does exclude the pending arrangement, lead investigator Paul Lian says the proposed securing supports CCT’s attention on esteem creation through portfolio reconstitution and gives CCT an a dependable balance in Marina Bay, a key office sub-showcase.

Deutsche Bank has a “hold” on CCT with an ex-rights target cost at $1.75.

“While we see CCT now being the best intermediary for the workplace division post exchange, the evaluated direct development is not sufficiently appealing in our view for a repeating part,” says lead examiner Joy Wang.

Despite the fact that the 3.6% starting yield on an 88.5% involved Grade A benefit is a tolerable estimating, Wang says the potential increase in inhabitance could generally be balanced by the negative rental inversion given the less bullish view on the Singapore office segment.

RHB is looking after its “take benefit” rating on CCT with a modified ex-rights target cost of $1.60.

In spite of the fact that the obtaining comes at a decent time when office supply is decreasing and rentals bottoming out, the exchange is dilutive to RHB’s FY18 DPU and yield.

“Counting leases that will just begin in March, the property has a conferred inhabitance rate of 88.7%. This is beneath CCT’s portfolio inhabitance rate of 97.6%,” says Financial expert Vijay Natarajan.

As at 11.45am, units of CCT are exchanging 2 pennies bring down at $1.68.

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SGX Shares Movements: GSS ENERGY IS POTENTIALLY BULLISH

Since my write-up on GSS Energy (“GSS”) dated 18 August 2017 (see HERE), GSS’ share price has jumped 12 percent from $0.137 on 18 August 2017 to close at $0.152 on 13 September 2017. Based on my personal chart observation, it seems likely to be in the midst of forming a potential bullish inverse head and shoulder formation.

Chart outlook

GSS has reclaimed its 200D exponential moving averages (“EMA”) within three trading days after breaching. It has subsequently moved back to its lower trading range of around $0.152. Based on Chart 1 below, there are certain noteworthy points.

a) Potential Inverse Head And Shoulder Formation

GSS seems to be forming a potential bullish inverse head and shoulder formation. For the potential inverse head and shoulder formation to be formed, GSS has to breach the resistance area cum neckline of around $0.154 to $0.157 with volume expansion and on a sustained basis. A confirmed break above $0.157 points to an eventual measured technical target price of around $0.186. This represents potential and may, or may not be reached.

b) Indicators are strengthening

Despite the recent plunge from 20 July 2017 to 18 August 2017, 200D EMA was not greatly affected and continued its steady ascent. 20D EMA has also reversed trend and started to climb. Other indicators such as MFI, MACD, OBV and RSI have started to strengthen too. These bode well for the chart.

Near term supports: $0.151 / 0.148 / 0.145

Near term resistances: $0.154 – 0.157 / 0.161 / 0.165

Source  - sharesinv

Read once the HIDDEN GEMS IN INDUSTRIAL STOCKS

The Hang Seng Index broke above 28,000 points once more, but it almost closed flat at the end of Tuesday (12 Sep).

Cheung Kong Property Holdings Ltd (1113.HK), Henderson Land Development Co Ltd (012.HK), Sun Hung Kai Properties Ltd (016.HK), and New World Development Co Ltd (017.HK) all faced arbitrage selling pressures.

But the good thing was that post arbitrage stock prices were still much higher than their levels before the sharp rise last Thursday.

Perhaps, this shows that the plan to build houses exclusively for Hong Kong first-time buyers at subsidized rates is still beneficial to the four above mentioned real estate developers, which also own farmlands.

I think these four stocks should see another round of speculation before Chief Executive Lam Cheng Yuet-Ngor’s policy address next month.

Hidden gems in industrial sector

I bought the shares of both Kingboard Chemical Holdings Ltd (148.HK) and Cathay Pacific Airways Ltd (293.HK) when the former bought many the latter’s shares.

Till this date, the share price of Cathay Pacific Airways has only increased slightly, while the share price of Kingboard Chemical has risen repeatedly at incredible magnitudes.

I thought it was an unexpected profit for me. Only after Kingboard Chemical’s results announcement did I realize that the “unexpectedness” was due to the fact that I haven’t been paying much attention to industrial stocks.

I had paid little attention to industrial stocks because I know quite a few Hong Kong industrialists who always say that factories don’t make money. Even if they do, it’s hard-earned money with blood, sweat, and tears.

Nowadays, in order for a factory to be profitable, there are high requirements for technology and invested capital. Indeed, Kingboard is ahead of its peers in terms of technology, and this forms the reason for its profitability.

Other companies, such as Sunny Optical Technology (Group) Co. Ltd (2382.HK) and Aac Technologies Holdings Inc (2018.HK) should be classified under industrial stocks as well.

However, the stock market currently classifies these two stocks under technology stocks, which explains the very high valuation.

For a long time in the past, people in Hong Kong had believed that high tech loses money while low tech makes money. But that’s because of the so-called “high tech” back then was actually still low-level technology.

Real high tech these days make big money, and in a monopolistic manner. Thus, investors should take note of industrial stocks with high-value technology.

Yuexiu Property stands to rise?

Many private-owned mainland property stocks registered good trends over the past year and reached a historical high.

Among which, Yuexiu Property Co Ltd (123.HK) is the slowest to start out and the slowest to turn losses into gains as well.

Considering that it is still quite a distance away from its peak during the 2015 rally, this distance could be a target for catching up in future.

Source - www.aspire.sharesinv.com

SGX Shares GSS Energy update of the Day

Since my review on GSS Energy ("GSS") dated 18 Aug 2017, GSS' share cost has bounced 12% from $0.137 on 18 Aug 2017 to close at $0.152 on 13 Sep 2017. In light of my own diagram perception, it appears to probably be amidst framing a potential bullish backward head and shoulder arrangement. 

Graph standpoint 

GSS has recovered its 200D exponential moving midpoints ("EMA") inside three exchanging days in the wake of rupturing. It has in this way moved back to its lower exchanging scope of around $0.152. In view of Chart 1 underneath, there are sure critical focuses. 

a) Potential opposite head and shoulder arrangement 

GSS is by all accounts shaping a potential bullish backwards head and shoulder arrangement. For the potential converse head and shoulder arrangement to be shaped, GSS needs to rupture the resistance range cum neck area of around $0.154 – 0.157 with volume extension and on a managed premise. An affirmed break above $0.157 focuses to 

an inevitable measured specialized target cost of around $0.186. Thir speaks to potential and may, or may not be come to. 

b) Indicators are fortifying 

Regardless of the current dive from 20 Jul 2017 to 18 Aug 2017, 200D EMA was not extraordinarily influenced and proceeded with its relentless climb. 20D EMA has additionally switched pattern and began to climb. Different pointers, for example, MFI, MACD, OBV and RSI have begun to reinforce as well. These look good for the diagram. 

Close term bolsters: $0.151/0.148/0.145 

Close term resistances: $0.154 – 0.157/0.161/0.165

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SGX Penny Stocks of The Day

Here are a Penny stocks that could move the market this Wednesday morning:

Asia-Pacific Strategic Investments is attempted a rights cum warrants issue to raise net continues of up to $22.4 million to support the organization's new venture into land improvement. Oei Hong Leong, the Indonesian extremely rich person head honcho, has likewise gone into a sub-guaranteeing concurrence with UOB KayHian who has embraced to endorse up to 7.8 billion rights shares. The counter last exchanged at 0.4 penny.

Keppel DC REIT reported Wednesday that it has obtained its second colocation server farm in Dublin, Ireland for a sum of 66.0 million euros ($101.3 million). Units in Keppel DC REIT last shut a large portion of a penny brings down at $1.295 on Tuesday.

Sapphire Corporation declared Tuesday that it has secured an RMB 276 million ($57 million) rail designing contract for the second period of the Beijing Metro's Changping Line. Offers in Sapphire Corp shut a large portion of a penny higher at 29.5 pennies on Tuesday.

A consortium including Heeton Holdings, KSH Holdings and Ryobi Kiso Holdings is getting Dry Bar, an exciting scene in Manchester City, with a view to redeveloping the property into a boutique inn. Offers in Heeton, KSH, and Ryobi Kiso shut down at 47 pennies, 74 pennies and 18 pennies on Tuesday.

United Engineers (UE) on Tuesday declared the arrangement of Zhong Sheng Jian and Pua Seck Guan as its new executives. Zhong, the administrator, and CEO of Yanlord Land Group has been named as a non-free and official executive of UE. Offers in United Engineers shut level at $2.72 on Tuesday.

Global Share Markets

Money Street stocks hopped to crisp records on Tuesday, supported by budgetary offers that drove a rally on facilitating fears over North Korea and US typhoons. The Dow Jones Industrial Average increasing 0.3% to 22,118.86, not as much as a point over the earlier pinnacle. The S&P 500 progressed 0.4% to 2,496.48, its second in a row record, while the Nasdaq Composite Index rose 0.3% to 6,454.28.

Singapore Stocks Market

The Straits Times Index exchanged inside a restricted band before completion 7.18 focuses higher at 3,235.69, turnover was low at 1.4 billion units worth $993 million and barring warrants there were 215 ascents versus 190 falls.

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Singapore Stocks CapitaLand Limited Increased presence in Indonesia

• Indonesia to be growth market
• Investing c.S$300m in two projects
• Expanding to 600 serviced residences in Jakarta

Investing C.S$300m in Indonesia

Singapore Stocks CapitaLand reports that it is investing S$300m in Indonesia, SouthEast Asia’s largest economy. The group’s first integrated development in the country, The Stature Jakarta, is on track to complete in 2020 at a total development cost of S$220m. CapitaLand will further expand its Indonesian presence by Share investing S$74.3m in a 192-unit serviced residence, Ascott Sudirman Jakarta, through The Ascott Ltd.

The group reports that it has identified Indonesia as a growth market, which is underpinned by sound fundamentals such as steady economic growth, rapid urbanization, increasing domestic consumption, a young population and a rising affluent middle class, and will continue to explore opportunities for further investments in the country.

The Statue in Central Jakarta to Complete in 2020

Situated in central Jakarta, The Statue will be developed by a JV between CapitaLand and an Indonesian developer Credo Group. The integrated development will have a total GFA of around 55,500 sqm and comprise Stature Residences, a high-end 29-storey residential tower with 96 units; Ascott Menteng Jakarta, a 24-storey premium serviced residences tower; Statue Tower, a 20-storey office building built to Grade A specifications; and lifestyle retail outlets.

Acquiring Ascott Sudirman Jakarta for S$74.3m

The Ascott Sudiman Jakarta will be acquired for S$74.3m on a turnkey basis and is the group’s sixth serviced residences within Jakarta’s Golden Triangle. Developed by an Indonesian company, Ciputra Development Group, the development is close to completion and is expected to open in 2018.

With an additional contract to manage the 230-unit Citadines Canggu Bali which is scheduled to open in 2020, the group will be expanding its serviced residences portfolio in Indonesia to close to 600 units, strengthening its leadership position as the largest serviced residence operator in Indonesia. Maintain BUY on CapitaLand with an unchanged fair value estimate of S$4.13.

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Is this top Financial Crisis over 10 Years?

It is hard to believe but it is 10 years since the start of the global financial crisis. Triggered by a collapse in the US housing market it caused the deepest recession in living memory and the near-collapse of the financial system.

Banks failed, government institutions were bailed out, stock markets crashed and countries had to be propped up financially.

We are still feeling the effects: low growth, political upheaval, Brexit and even the election of Trump can all be traced back to the crisis.

It all started with the US subprime mortgage market, the corner of the industry that lent to borrowers with poor credit histories, often with little means to meet repayments.

These subprime mortgages were then carved up and repackaged along with traditional mortgages and sold to investors. Convinced that the risk had been spread, what could go wrong?

In the short term, it worked, helping maintain a house price boom. In the long-term, it didn’t. A rise in the number of borrowers defaulting was the start.

The housing market began to fall and those mortgage investments which had been repackaged became toxic.

Worst of all, no one knew who held the bad debts. Banks, therefore, became wary about of lending to each other. The world stood on the brink.

A seminal day at the start of the crisis was 9 August 2007, when the danger of systemic risk became apparent. French bank BNP Paribas suspended three funds exposed to the US mortgage market. It blamed a “complete evaporation of liquidity”.

Here we briefly re-live the main events, look at what has happened in markets since and what it means for Share investors.... Read more

Singapore Stocks to watch Sept 6, 2017

Here are some stocks that could move the market this Wednesday morning:

CapitaLand is acquiring the 192-unit serviced residence, Ascott Sudirman Jakarta, for $74.3 million. This brings the total value of its investment in The Statue Jakarta integrated development to $300 million from $220 million.& Shares in CapitaLand closed flat at $3.75 on Tuesday.

Ziwo Holdings, the manufacturer of foamed materials, says newly-incorporated Malaysian subsidiary, BM Mobility, has signed a dealership agreement to market and sell electric motor scooters made by Hong Kong-listed Yadea Group Holdings. Singapore Shares in Ziwo closed at 2.3 cents on Tuesday.

Emerging Towns & Cities Singapore, formerly known as Cedar Strategic Holdings, in increasing its stake in Uni Global Power (UGP), the developer of a luxury mixed-use property in Myanmar, from 70% to 87% for US$11.9 million. ETC will issue 179.2 million new shares to UGP at an issue price of 9 cents each as payment. This represents a premium of 5.9% over its Tuesday closing price of 8.5 cents.

Noble Group is in discussions with its North American lenders to extend an October deadline for a US$2 billion ($2.7 billion) credit facility, while also taking steps to sell parts of its business to cut debt, its chairman said on Tuesday. Shares in Noble closed 1 cent higher at 42 cents.

Creative Technology has launched Creative Chrono, a Bluetooth speaker that doubles up as a FM radio and alarm clock. The new product will be available in stores from mid-September 2017 for US$49.99 ($67.80). Shares in Creative closed 1 cent higher at $1.17 on Tuesday.

Gateway services and food solutions provider SATS is introducing augmented reality (AR) smart glasses in its ramp handling operations. The wearable device will provide SATS’ ramp handling staff with critical information such as loading instructions in real-time. Shares in SATS closed 1 cent higher at $4.77 on Tuesday.

Taiwan-based Dah Chang Futures, one of the investee companies of Dah Chang Securities, has joined the Singapore Exchange (SGX) as a trading member of the bourse’s derivatives market. Shares of SGX closed 7 cents higher at $7.49 on Tuesday.

Jaya Holdings was unsuccessful in obtaining a pre-clearance for the reverse takeover of Papua New Guinea finance firm Heduru Moni. The Singapore Exchange said Jaya had not been demonstrated that the proposed acquisition is suitable for listing on the bourse at this point in time. Shares in Jaya Holdings closed flat at 8 cents on Tuesday.

Global stocks Markets

US stocks sank on Tuesday as investors weighed fresh tensions with North Korea The Dow fell 234.25 points, or 1.07%, to 21,753.31, the S&P 500 lost 18.7 points, or 0.76%, to 2,457.85 and the Nasdaq dropped 59.76 points, or 0.93%, to 6,375.57.

Singapore stocks Markets

The benchmark Straits Times Index picked up by 20.29 points, or 0.63%, ending the day at 3,251.26 points, after a 46.29-point drop the day before. The volume of shares traded was 1.7 million units at $840 million. Gainers outnumbered losers 237 to 174.

Singapore 2 REIT Distributing out

Dasin Retail Trust (SGX: CEDU), which appeared on our stock trade in January this year, will be going ex-profit on Wednesday. The trust possesses four retail shopping centers situated in Zhongshan City, Guangdong, China. 

The shopping center proprietor is giving out 3.01 Singapore pennies for each unit for the principal half of the year. 

For the half year finished 30 June 2017, income and net property pay surpassed first sale of stock gauges by 14% to S$21.4 million and S$17.4 million individually. 

Mr. Li Wen, CEO of the confide in's supervisor, specified: 

"Amid the quarter, we effectively finished up the securing of Shiqi Metro Mall sooner than estimated, which gave an elevate to the general execution. As a demonstration of our renting abilities, DRT's portfolio enrolled 100% inhabitance as at 30 June 2017. We will proceed with our proactive resource administration procedure and reasonable venture way to deal with creating inorganic and natural development to give steady and developing conveyances to our unitholders." 

Dasin Retail Trust is presently exchanging at S$0.86, giving a cost to-book proportion of 0.6 and an annualized appropriation yield of 7%. 

2. Friday, 8 September 2017 

On the most recent day of the week, BHG Retail REIT (SGX: BMGU), will be going ex-profit. Much the same as Dasin Retail Trust, the REIT additionally possesses retail resources. 

It is giving out 2.74 Singapore pennies for every unit for the half year finished 30 June 2017. 

For the main portion of the year, net income declined 0.2% year-on-year to S$31.4 million however net property wage rose 4% to S$21.3 million. You can read find out about the REIT's inhabitance rate and money related security from here. 

BHG Retail REIT is currently exchanging at S$0.75, giving a cost to-book proportion of 0.9 and a trailing appropriation yield of 7.1%.

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Singapore Stock Frasers Commercial Trust showing Positive Indications in Singapore

• Good outlook for Australian market
• HP’s space requirements well supported
• Maintain HOLD

Sunny Prospects Down Under

According to Colliers International, Melbourne’s CBD office vacancy rate in July 2017 was at 6.5%, a notable improvement from the 7.1% registered in July 2016. With an immediate supply shortage in the CBD leading up to the next cycle in 2018-2019, coupled with the prevailing high demand, vacancy rates are expected to fall below 4.5% in 2H19. Consequently, downward pressure on incentives will be likely, thereby improving effective rents over 2018.

In Perth, the CBD office market appears to be bottoming. An improvement in net absorption has been observed, with most of the absorption stemming from the premium space, due to increased average incentives of 3.25 ppts YoY to 48.25% in June 2017. A ‘flight to centrality’ trend has also seen a significant portion of absorption arising from tenants migrating from suburban/fringe locations. Frasers Commercial Trust (FCOT), with office assets in both cities, should benefit from these tailwinds.

HP’s Consolidation of Space Locally (if Any) Is Unlikely to be Drastic

HP. Inc.’s 3QFY17 net revenue grew 9.8% YoY to US$13.1b, with Asia-Pacific revenue growing 15% YoY. HP Inc. has also launched their 3D printing business in Asia-Pacific, expanding into countries like South Korea and Singapore.

This follows a previous announcement regarding the commercial availability of the HP Jet Fusion 3D Printing Solution and expansion of the HP Partner First 3D Printing Specialization program for Asia-Pacific countries. In particular, HP and its partners will also be unveiling new 3D Printing Reference and Experience Centers across AsiaPacific, including Singapore.

In our opinion, these developments indicate that HP Inc. should still possess a healthy appetite for local real estate. While rationalization of space is possible, we deem it unlikely that HP will relocate their existing operations spanning ~2.1m sqft across Singapore entirely to the new build-to-suit project at Telok Blangah, which has a total GFA of 824.5k sqft.

Uncertainties About Lease Expires Persist

Notwithstanding the above, we believe that the uncertainty of HP’s lease expires at Alexandra Technopark will continue to weigh on FCOT’s share price performance. We maintain our HOLD rating with an unchanged fair value of S$1.42. FCOT is trading at an FY18F distribution yield of 7.0%.

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