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Kevin's blog

March 2015

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 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

Monday 2 Mar 2015 @ 7:03 AM

 M IT reported a strong set of FY2014 results which were even better than expected.   Net profit for FY2014 was S$10.2mn beating expectations of S$8.4mn.

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Manufacturing Integration Technology - some corrections and clarifications......but it still appears to be an undervalued stock with a trading opportunity ?/!

Monday 9 Feb 2015 @ 10:33 AM

 Following my Blog posting on Manufacturing Integration Technology, I received comments/questions which I felt I should answer and share.

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

Friday 6 Feb 2015 @ 9:42 AM

 On the 26 January 2015, MIT released an announcement giving positive profit guidance for its FY2014 results.  I found this a little strange as most companies give profit warnings rather than positive profit guidance.  The shares did rise a little since the announcement but on low volume.  

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Midas wins another Metro contract worth RMB1.7bn.....so contracts are there but not enough to compensate for the fall in margins

Friday 30 Jan 2015 @ 9:32 AM

 I was meeting an investor yesterday and we were talking about one of my favourite (currently under review) stocks Midas.  The share had rebounded from low of S$0.25 and recently had an SGX advisory that investors should trade with caution. After lunch we noticed that the shares had risen 3-5% and when I checked with its CEO Patrick Chew he mentioned that they had announced another contract.

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Just got back from Kunming China......its my first visit in a couple of years..... strong physical evidence of a huge property glut

Friday 30 Jan 2015 @ 9:13 AM

My impressions on China from my Kunming visit this week

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Good company visit to SPH REIT this morning......I like this REIT which has a reasonable yield in excess of 5% and is also defensive.....

Wednesday 21 Jan 2015 @ 4:15 PM

 I managed to meet the management of SPH REIT this morning.   They had just announced their Q1-2015 results on 12 January 2015.

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SPH reports Q1-2015 net attrib profit of S$69.4mn down 21.9% on the back of a 6.6% decline in revenue......looks 10% overvalued......SPH Reit is a better investment vehicle

Wednesday 14 Jan 2015 @ 9:30 AM

 SPH reported its Q1-2015 results which reflected the continued weakness in its print media.  Key financial highlights are:

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How will the proposed merger of the China CNR and CSR Corp affect Midas ?

Thursday 30 Oct 2014 @ 3:49 PM

 The Xinhua News Agency reported on Tuesday that China's State-Owned Assets Supervision and Administration Commission wanted to merge both China CNR and CSR Corp - China's two state-owned railcar makers together.  At the entities named above have refused to comment.  

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Hot Topics

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

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

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Kevin's stock picks

StockDate
Manufacturing Integration Technology2/03/15
Straco Corporation2/03/15
Atlantic Navigation5/08/13
...more

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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)

What is happening at Innotek Holdings Limited ?(2)

How will the proposed merger of the China CNR and CSR Corp affect Midas ?(1)

Midas hit the big one - its associate NPRT has won three Metro rail contracts worth RMB3.5bn.......this could be the catalyst to break S$0.50 !?(6)

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