Posts

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UMS @ $0.575

Buy @ $0.575

Results were out yesterday. Div = 1ct maintained. Revenue & Profit lower q-o-q & y-o-y and was below my expectation  The data from semi.org was rather positive for the Industry for the Q, so, it came as quite a surprise to me to see UMS reporting weaker results.

Vol = 7,307,000 ; Range $0.565 to $0.605, Close $0.57, -4.5ct.

The huge volume presents a possible risk that CEO is back to the market as Blackout is over.

Anyway, I still decided to buy back some (replace one batch I'd sold) as fundamentals remains ok. Possible other downside will be due to lower FCF (Free Cash Flow) = 0.9ct (lower than 1ct Div) for the Quarter, although it's still healthy for 1H (good FCF in Q1). The forward statement is also negative for Q3 (expect lower Revenue  Profit as it is seasonally their weakest) but positive for Q4.

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Genting @ $1.315

Buy @ $1.315

Looks like it was the right decision to sell some recently as I get to buy back some today. Results will be out soon (14-Aug). Perhaps insiders got a peek and it looks ugly… 😀

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FCOT @ $1.365

Buy @ $1.365

Continue to add whenever the prices is weak… till I run out of free cash … 😀

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UMS @ $0.615

Sell @ $0.615

Jump-Q at 5pm matching. Used Creative Accounting to sell one batch (profitable) + one batch (losses) = small profits. My current Unit Cost = 61.4ct (Excl. Div).

Quarterly results will be out any time soon. Prices had gone up from the lows of ~$0.535. Altho' I'm confident that EPS will be good, plus Div = 1ct will be maintained or even increased, the key risk is our trigger-happy CEO who'd sold down from $0.7+ levels. As I'm very heavily vested, I decided not to be too greedy and pare down my stake… still very substantial and I'll likely pare down further at higher prices… 😀

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SembCorp Marine @ $4.02

Buy @ $4.02

It's been many years since I last sold my last lots. Itchy fingers, add back to my portfolio.

Q2 results were out last evening. As expected, EPS was better y-o-y and 1H Div = 5ct maintained. PE = 15.14 (FY13) or 14.87 (latest 4Qs) ; Yield = 3.23%. Further, the Order Books is healthy.

So, why the sell-off? Vol = 7,835,000 ; Range = $4 to $4.09 ; Close = $4.03, -7ct. 😀

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FCOT @ $1.37

Buy @ $1.37

Jump-Q during 5pm matching to collect a bit more. Even without the Master Lease renewal of Alexandra TechnoPark, Yield = 6.41%. Any DPU upside from the Lease renewal will be partially seen in the next Q results, with the full impact only in the Q after that.

So, what is it that the mkt knows which I don't? Only time will tell… 😀

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FCOT @ $1.3733

Buy @ $1.385, $1.37, $1.365

Looks like falling out of favour… All local seller CP = OCBC, Kim Eng, CIMB. 😀

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OUE H-Trust @ $0.90

Sell @ $0.90

Divested my entire holding, no more left.

Q2 Results were out the previous evening. Altho' their press release was headlining a better DPU than IPO forecast, it was slightly below my expectations. DPU = 1.64ct vs Q1 = 1.68ct. Yield = 7.289% and in my colourful table, it now ranks after A-HTrust in Yield (7.451% @ $0.755) but Gearing = 32.7% vs 35.6% is better.

Anyway, sell first and wait for A-HTrust results on 13-Aug before I decide whether to buy some. No urgency there as semi-annual DPU payout policy and next payout is for Sep Q. 😀

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Starhill Global @ $0.825

Buy @ $0.825

I was happy to Jump-Q for $0.83 but it got matched lower. Looks like someone has a lot to sell, perhaps a fund switching out… 😀