Posts

Posted on

Thomson Medical @ $0.185

Buy @ $0.185. Been queueing at $0.18 for past weeks but had not been able to get it.

After my study of HMI at blog StockPick, I think Thomson is still the better Healthcare stock. Also noticed fm SGX announcements that one of the directors had bought twice recently at $0.185.

Thomson has been below IPO price of $0.22 since listing this year. I believe they’ll announce a dividend by year end (end Aug) as they are profitable in mid-year and this will likely improve their share price fm current level.

Posted on

Metro @ $0.545

Buy @ $0.545, a bit on the high side as it was $0.53 yesterday.

Just announced a good set of Q1 results. GP +11.6%, Net + 144.5% (fm other income, Forex $5.4Mil, Interest $2.544Mil, Dividends $1.965Mil, Mgmt Fee $1.216Mil). EPS 1.75cts, NAV 100.3cts (fm 96.6cts). Cash $191.7Mil, S/T Investments $75.3Mil, Borrowings $56.2Mil+$45.6Mil.

Good chance of Special Dividend payout in next Quarter (Q2 End Sep) due to their sale of Ngee Ann City stake. See blog StockPick (will update this quarter results later). Will try to accumulate more Metro shares at a lower price before then.

Posted on

Super CoffeeMix @ $0.445

Buy @ $0.445. Will contra off if got chance 😀

Interim results out. GP flat (Revnue +8% but Cost of Sales +14%) vs last yr but Net Profit +15% due to reduction in minority interest (Profit after tax only +1%). Interim Div 0.6cts.

In actual fact, not a good set of results as little growth compared to 2004.

Posted on

A-REIT @ $2.28

Buy @ $2.28, yield 4.982%. Their recent acquisitions will likely raise the yield to 5%++. Saw in announcements that they had done a revauation of their properties, so, the new acquisitions may be funded by debts alone (or issuance of fewer new units).

Price weakness must be due to the speech by Temasek head and continuously reported by BT last week on buy-and-lease-back at inflated price. A-REIT denied this in the news today (will post the news in comment for this post).

May face more downward price pressure but will accumulate if so. May also contra if it recovers 😀

Posted on

Suntec @ $1.17

Buy @ $1.17 as latest news will be positive for Suntec. May fluctuate aro’ this price for a while until Suntec settles the issues on their latest acquisitions. Also, watch out for any reaction fm Temasek on Suntec latest move. At most, I budget one more buy so as not to be too heavily exposed.

Posted on

MapleTree @ $0.935/$0.96

Contra off @ $0.935 in the morning. Yield 4.364% at this price which is below my tgt of 4.5%. Also sold off my IPO ones in the afternoon @ $0.96. Not hldg any more MapleTree.

Try to buy again when price drops. Tgt below $0.905 which is 4.5% yield. May not reach this kind of price anymore as Temasek linked REITs, CCT and CMT are below 4.5% yield.