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Traders Corner - Tuan Sing, SingHaiyi Group, Raffles Medical Group & Genting Hong Kong

Shared By Stock Fanatic on Friday, September 26, 2014 | 26.9.14

Daily Chart
Tuan Sing (TSH SP, T24)
Technical BUY with 34.1% potential return
Last price: S$0.440
Target price: S$0.59
Protective stop: S$0.395

BUY with a target price of S$0.59 with protective stops placed at S$0.395. The stock has traded above S$0.42, its multi-year key resistance level, on higher trading volumes. Currently, the stock is also trending at its rising 50-day EMA which is acting as support. Watch if the stock could break above S$0.48 in the near term as its MACD indicator has formed a bullish crossover above its centerline, suggesting the bullish momentum could still be intact.

Expected timeframe: 2 weeks to 2 months

Top pick for the day - Powershares QQQ Trust Series

The selling begins


How can one take advantage of the current weakness in the NASDAQ? 
Traders can either trade futures or options to take advantage of the fall. One can also trade the ETFs, and in this particular segment, one can trade QQQ

Key Trades and Risks - Emerging Markets Equity Strategy


EM equities have corrected 6% from recent highs
The peak was marked with a spike in FX volatility not the start of dollar strength in late June. This report focuses on the implications of diverging G4 central bank policy on EM, particularly dollar strength. Our conclusions are that the drivers of dollar strength are fundamentally positive which can support risk assets. That said Fed/BoE exiting seven years of zero-interest-rate policy (ZIRP) while ECB/BoJ increase QE is uncharted territory. Spikes in FX and bond market volatility are likely. Prepare for a bumpy bull market.

Shipyards & Oil Services - Technip-MMHE JV to bid for global contracts; TH Heavy plans private placement

Singapore/Malaysia Offshore & Marine News
Technip and Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) unit have officially teamed up to bid for contracts in the global oil & gas industry. MMHE’s unit Malaysia Marine and Heavy Engineering Sdn Bhd had on Wednesday officially launched the Technip-MMHE Joint Venture (TMJV). (The Star, Sep 24)

First REIT - A Proxy To Growing Healthcare Demand In Indonesia

VALUATION
Based on Bloomberg consensus, the 12-month target price for First REIT is S$1.35 and DPU yield for 2015 is 6.9%. As of end-Jun 14, it had a gearing of 32.9%.

Starburst Holdings - Armed and highly profitable

Initiate coverage with BUY, 30% upside to TP of S$0.77 based on 25% discount to peers’ PE

■ Proxy to bigger defence budgets regionally and fastest growing markets in the Middle East

■ Attractive at 8.4x FY15PE for 16% earnings CAGR from 2014-16, industry averages 15x PE

Singapore Aviation Support Services – Higher Labour Costs And Lower Aerospace Engineering Production: Do Not Bode Well For The Sector


We are UNDERWEIGHT on the aviation support services sector. Both SIA Engineering and SATS are likely to see weak revenue in 2Q14 as pax throughput and aircraft movements have been weak. Meanwhile, both companies will face higher labour costs on the back of increased labour levies. ST Engineering is more diversified and less reliant on foreign labour and is thus our top pick in the sector.

Overseas Union Enterprise - Factoring asset sales into our estimates

What's changed
We factor in OUE’s reduced stake in OUE Hospitality Trust, asset sales to OUE Commercial Trust, the S$105mn impairment charge at Luxury Residential project Twin Peaks, and higher operating expenses.

Implications
Our 2014E-2016E EPS decline by 68%/50%/42% as a result of the lower earnings contributions from the reduced stake in its investment properties, slower sales at Twin Peaks and higher operating expenses (including higher professional fees and staff costs, reflecting increased business activity).

Wing Tai Holdings - Revising estimates for slower Residential sales

What's changed
Prime segment new home sales have been lackluster, weighed down by the 15% Additional Buyers Stamp Duty on foreign buying and tighter credit/downpayment regulations, significantly reducing the pool of buyers. Prime segment home prices have seen five quarters of price declines (5% off 1Q13 peak) vs. three quarters of price declines for the broader market (3% off 3Q14 peak), and we expect further price declines as Qualifying Certificate extension fees start to kick in and on rising vacancy pressure; Central Region vacancy rates of 8.5% in 2Q14 were the highest since 2005.

Wilmar - Updates on progress of Goodman Fielder buy

Shared By Stock Fanatic on Thursday, September 25, 2014 | 25.9.14

Wilmar International Limited (WIL) announced today that the Australian anti-competition body will not oppose the proposed acquisition of Goodman Fielder by the company and First Pacific (JV).

While the JV is continuing to seek the other required regulatory approvals, we note that it had earlier announced that getting the regulatory approval from China's Ministry of Commerce is likely to take longer than initially anticipated.

Traders' Corner - Hafary Holdings, Halcyon Agri, Biosensors International & Pacific Century Regional Developments

Daily Chart
Hafary Holdings (HAFA SP, 5VS)
Technical BUY with 31.7% potential return
Last price: S$0.205
Target price: S$0.27
Protective stop: S$0.199

We maintain our previous technical BUY (featured on 3 Sep 14) and target price of S$0.27 with protective stops at S$0.199. The stock appears to be well supported at S$0.20 recently when it attempted to break above the downward sloping trendline extension. The stock is likely to trade towards S$0.27 after a brief consolidation and could be trending at its rising 30-day SMA. A golden cross has also formed. The 14-day RSI indicator has traded at above a reading of 50.

Expected timeframe: 2 weeks to 2 months

Our retail research has a fundamental BUY and target price of S$0.275.
**** Recommendation ****

Intra-Day Summary

 
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