Buy @ $0.87
Looks like got sellers @ $0.87 today. Later I go monitor if I can get some more at $0.865 during 5pm matching. 😀
Boustead @ $0.875
Buy @ $0.875
A new stock in my portfolio. For 1st 3Q, EPS = 4.6ct is a lot lower than last year = 10.5ct. But on 30-Mar (1 day before FY12 close), there were 2 main SGX Annc which (if I interpret correctly) will add EPS = 2.2ct to FY12 (Mar). My projection is,
- EPS = 8.33ct vs FY11 = 10.3ct
- Div = 5.5ct (Interim = 2ct ; Final = 2ct ; Special = 1.5ct) vs FY11 = 7ct (Interim = 2ct ; Final = 2ct ; Special = 3ct)
- PE = 10.5 ; Yield = 6.47%
The last minute EPS = 2.2ct is likely meant to do Income Smoothing and boost it closer to FY10 levels. If I'm wrong,
- EPS = 6.13ct ; Div = 4ct (Interim = 2ct ; Final = 2ct) ; PE = 14.27 ; Yield = 4.76%
Rather low volume today. I may buy more till they announce their results, likely within the next 2 weeks.
Warning : I'm taking a bigger than usual risk here as it's a new stock and I don't have a lot of familiarity in their biz (except for what I read in VB forum adn a quuick scan thro' 2 years' of financials). There's also the danger that if they're indeed trying to 'smoothen' their income, there may also be an unknown write-off / write-down to negate the extra EPS = 2.2ct. 😀
SingTel @ $3.24
Sell @ $3.24
Continue to take profit at a higher price. The last time it hit above $3.20 was in Dec-11 and current price in Oct-11. I don't think it's a better co. now compared to then. In fact, next Q may be bad as A$ has been weakening and Optus contributes substantially to their bottom line.
Buyer CP '82' – MS, the ang-mo brokers again! 😀
SingTel @ $3.21
Sell @ $3.21
Decided to take profit as +5ct with STI -2.69 @ 2903.6. I put in my sell order during 5pm matching to try to get a better price but it dropped back at the last moment.
Results were out in AM. EPS = 25.04ct, much better than my projection of 22.6ct. This was mainly due to a S$270M Tax Credit. Div = 9ct. Hopefully, current prices remains supported as I have a couple more to sell. Buyer CP '84' = UBS. 😀
STEng @ $3.07
Sell @ $3.07.
Decided to contra off. Same reason as SingTel. +10ct today! Buyer CP = CitiGroup. 😀
Results were out last evening. Q1 EPS = 4.39ct, a lot better than my projection of 3.72ct to 3.89ct. Mainly came from 'Others' ie. Airshow 2012 Event Organiser + Bond Redemption. Now I understand why they seemed so confident when they provided the guidance for FY12 to be better!
Popular Hldgs @ $0.181
STEng @ $2.97
Popular Hldgs @ $0.183
Buy @ $0.183
STI -47 @ 2942. Good chance for me to collect some due to market fears. 😀
With SC Global doing write-downs in their Condo assets, there's also a chance Popular Hldgs may do the same for their coming results and end in a quarterly loss as that's their weakest Q. One key difference is SC Global condos sells at the Very Hi end of $3000++psf while Popular Hldgs condos are at ~$1800psf (still high compared to mass mkt ones).
SIA Engg @ $3.94
Buy @ $3.94
Add to my small collection @ my highest buy price ever. Seller CP = MSCO.
I'm expecting their FY12 results anytime within 1-2 weeks (likely 1 week as last year was on 10-May). Expecting Div = 14ct at least (same as last year but no Special = 10ct) & EPS = 24.37ct to 24.69ct, better than last year = 23.77ct. Target is $4 min. for 5% Yield. Prepared to hold for longer term but will likely trade when it's closer to xd (TBD) or if results are worse than my expectation. 😀
SingPost @ $1.045
Sell @ $1.045
While monitoring HLFin during 5pm matching, suddenly saw SingPost Qs were @ $1.05. Was @ $1.025 just before 5pm and got bought up to $1.03 during the last few minutes. Finally closed @ $1.045 during matching. Volume is larger than normal today and some funds must have suddenly decided that they need some in their portfolio!
Anyway, sell 1st as I was already not too happy with their recent Q4 results released on 27-Apr. EPS dropped from 8.369ct (FY11) to 7.407ct (FY12) and will likely drop further when they have to start paying interest for their $350Mil of 4.25% Perpetual Securities if they have not acquired any new Yield Accretive biz. New CEO also sounds very aggressive and I'm afraid he may be planning some ego-boosting acqusitions with the Cash = $617Mil (from PERPS + Bonds + Retained Earnings). Buyer CP '84' – UBS. 😀