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Kevin's blog

September 2015

Expect more weakness given the sharp trend reversal in US markets overnight....our 42 point rise in the FSSTI likely a dead cat's bounce

Wednesday 26 Aug 2015 @ 8:58 AM

Most Asian and EU markets rebounded yesterday from the recent sharp sell off in a relief or "dead cat's bounce" rally.  Singapore was no exception with our FSSTI Index up by more than 40 points.  This relief rally would have continued today if not for the sharp trend reversal in US marlets overnight.

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Equity blood bath continues overnight....VIX hits 40.....is this linked to the Blood Moon or Tetrad ??!!

Tuesday 25 Aug 2015 @ 6:48 AM

 Equity markets continued their blood bath overnight with US markets down 3-5%.  The Dow is still above its first key supportat 14700 even though it did decline 58 points to 15871 overnight.  It is not surprising that the VIX Index moved sharply higher hitting an intraday high of 46 before closing at 40.  Anything above 40 is considered bad for markets.

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Straco Corporation – delivers strong Q2 and H1 2015 numbers from maiden contributions from the Singapore Flyer

Wednesday 19 Aug 2015 @ 2:49 PM

 During the current reporting season, Straco Corporation has continued to deliver strong Q2-2015 results with revenue higher by 49% and net profit for the quarter higher by 25.6%.  The table below summarises  key numbers:

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Don't try and pick the bottom for Chinese markets because its the unwinding of a margin financing retail driven rally......

Thursday 9 Jul 2015 @ 9:08 AM

 I was asked on 93.8 fm yesterday morning what I thought about the fall in the China market and where was the bottom.  I wasn't able to share this on my Blog as I had an appointment with the National Heart Centre yesterntday.  I was told that I had irregular heart beats when my heart rate passed 150 beats, ie under physical or mental stress.  So lucky for me that I wasnt around yesterday to see the market fall sharply.

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Greek debt crisis.....DON'T Panic......unless there is a contagion effect to Portugal and Spain

Tuesday 30 Jun 2015 @ 8:27 AM

 I am just recovering from my own health crisis but thought I needed to write something giving the huge volatility facing markets over the last few days.

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MIT wins two new solar contracts worth S$21mn....FY2015 revenue could exceed that for FY2014

Tuesday 12 May 2015 @ 1:06 PM

 MIT announced last night that it had won two solar contracts worth S$21mn,    This new contract together with its order book in February 2015 of S$56mn brings it current order book to S$77mn for FY2015.  This already exceeds its FY2014 record revenue of  $64.3mn.  

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Looking at US stocks and Singapore equities - my interview on FirstLook Asia on Channel News Asia this morning

Tuesday 10 Mar 2015 @ 3:53 PM

 I was interviewed on FirstLook Asia of Channel News Asia at about 8.30am this morning.  The main topic was "Looking at US stocks and Singapore equities".  If you missed the interview, you can view it at this following website.   FirstLook Asia - Looking at US stocks and Singapore equities

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Straco Corporation reports net profit of S$37.7mn for FY2014 up 10.9%......but Q4-2014 net profit was down 21.3% to S$4.6mn from the acquisition of the Singapore Flyer......has Straco bought a lemon ?

Monday 2 Mar 2015 @ 8:59 AM

 In Straco Corporation's 2014 financial results, it  reported FY2014 revenue of S$92.3mn up 26.7% with net profit higher by 10.9% to S$37.7mn.  The Q4 numbers showed a less rosy picture with revenue higher by 32.8% to S$19.4mn and a net profit decline by 21.4% to S$4.4mn.  That poorer performance reflected its recent acquisition of the Singapore Flyer.   So did it buy a lemon, is Straco Corporation still a BUY ????

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MIT delivers strong H1-2015 results with net profit of S$12.9mn exceeding full year 2014's net profit of S$10.4mn.....declares an interim dividend of 0.5 cents

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Kevin's stock picks

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Straco Corporation2/03/15
Manufacturing Integration Technology2/03/15
Atlantic Navigation5/08/13
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MIT delivers strong H1-2015 results with net profit of S$12.9mn exceeding full year 2014's net profit of S$10.4mn.....declares an interim dividend of 0.5 cents(2)

MIT wins two new solar contracts worth S$21mn....FY2015 revenue could exceed that for FY2014(7)

Looking at US stocks and Singapore equities - my interview on FirstLook Asia on Channel News Asia this morning(1)

MIT delivered a solid FY2014 with net profit of $10.2mn exceeding its all time high net of $8.4mn......this profit recovery looks sustainable......adding stock to My Stock Picks value today(1)

Manufacturing Integration Technology (MIT) gives positive earnings guidance for FY2014......what does this mean ?.....is there a trading opportunity ?(1)

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