*Official* MasterLeong Thread

[Sinkie]

Not sure how to quantify this. Interest in stocks started 3-4 years ago?

me interest in stock started when i was 14, so means i started trading when i was in sec 2?

 

[Genosis]

Nope. when we talk about DC business, I feel that we need to consider the regional major players as well.

Talking about major players...

In China, about three quarters of its data centres are built by China Mobile, China Unicom and China Telecom...But there is no listing regulations for REIT on the China stock exchange

Singapore REIT market is well-regulated and matured....if India and China are not able to come up with elegant Reit models, there is an opportunity for those listings to come to Singapore market.....

 

[MasterLeong]

Not sure how to quantify this. Interest in stocks started 3-4 years ago?

How long since u first purchased a stock
U sound new so many stick to sg market first easier

 

[MasterLeong]

me interest in stock started when i was 14, so means i started trading when i was in sec 2?

early morning, u shoot ppl liao ah lol

 

[lioninvestorco]

How long since u first purchased a stock
U sound new so many stick to sg market first easier

1 year haha. ARA lo hahaha. Still damn nub Okay thanks for the advice.

 

[lioninvestorco]

early morning, u shoot ppl liao ah lol

Got shoot meh? Just opinions nia hahah

 

[mcsane]

With regards to dK's post on riding on e-commerce, which REIT tend to gain the most?

I understand tt different warehouse holds different purpose. Like built up ramp bla bla bla. You hold reasonable amt of Aimsamp. Don they have the logistical warehouse needed fr this?

 

[tanjiakpeng]

i remember stockbot korkor compiled top 5 picks for 2016 and their closing prices for 2015 right.

can re-visit and see who the most shen?

LOL i think alot of ppl chose RMG (me included)

 

[Sinkie]

early morning, u shoot ppl liao ah lol

hehehe, nolah, sorry sorry

 

[MasterLeong]

1 year haha. ARA lo hahaha. Still damn nub Okay thanks for the advice.

since u new, maybe stick to learning the basic core industries first like telco reits banks

stick to STI 30 and mid cap 40 first... make sure u understand all of them before moving out to other counters

 

[MasterLeong]

i remember stockbot korkor compiled top 5 picks for 2016 and their closing prices for 2015 right.

can re-visit and see who the most shen?

LOL i think alot of ppl chose RMG (me included)

u try up the trend lor hahahaha

 

[MasterLeong]

this thread like running faster than general chat lol

 

[goh6570]

this thread like running faster than general chat lol

Morning master. It's moving super fast. I like to listen to Master Leong and Master Genosis analysis

 

[tanjiakpeng]

this thread like running faster than general chat lol

beats the ghost pcw-ing in mm2 thread

 

[MasterLeong]

Morning master. It's moving super fast. I like to listen to Master Leong and Master Genosis analysis

Master Genosis is very pro maybe he can start a thread too lol

 

[MasterLeong]

beats the ghost pcw-ing in mm2 thread

ghost pcw? lol

 

[MasterLeong]

MMP Resources, Perennial, China Auto, Keong Hong, Metech, Thakral, Astaka
By PC Lee / theedgemarkets.com.sg | November 29, 2016 : 8:45 AM MYT
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SINGAPORE (Nov 29): Here are some factors and stocks that could move the market this Tuesday morning:

MMP Resources announced that its Japanese subsidiary, MMP Resources Japan (MMPRJ), has entered into an agreement with JRT Trading to operate and manage the Chisenupuri Ski Area. JRT is a 10-year old mechanised ski operator, which also manages a ski lodge, Hokkaido tour business and a rental business in Higashiyama, and in the business of backcountry ski operations and management. Under the agreement, MMPRJ has the option to be the exclusive operator of the ski area from 1 Apr 2017 for $32,500. Shares of MMP Resources closed flat at 0.4 cent on Monday.

Perennial Real Estate announced that is has secured a call option agreement for US$4 to acquire a 20% stake in Aviva Tower for £330 million ($584 million). Aviva Tower is a 28-storey office tower which has been granted the approval to be redeveloped into 1 Undershaft, the tallest building in London at 304.94 metres. Shares of Perennial closed 0.5 cent higher at 82 cents on Monday.

China Auto Electronics saw a 45.4% jump in 3Q16 earnings to RMB71.3 million ($14.7 million). Revenue rose 29.8% to RMB820 million driven mainly by higher revenue from its China operations, due to the increase in sales of wire harnesses and connector products. Other income also surged to RMB38 million, mainly due to subsidy income amortised during the period. Shares of China Auto Electronics closed flat at 16 cents on Monday.

Construction firm Keong Hong Holdings posted earnings of $34.7 million in FY2016, 9% lower than last year. Group revenue fell 12% to $248.0 million compared to $282.0 million in FY2015. This was mainly due to lower recognition of construction revenue in the current reporting period. Shares of Keong Hong closed flat at 47.5 cents on Monday.

Metech International is issuing non-convertible bonds for a sum of $2 million 2 under a term sheet agreement with Singapore-based crowdfunding platform is FundedHere that targets businesses in Southeast Asia and Greater China. Launched in March 2015, it obtained its Capital Market Services License from the Monetary Authority of Singapore on March 18.

Thakral Corporation is investing in the Hotel Oaks Reaze Tsukamoto in Osaka, Japan. The investment deal was completed on Nov 25 via its 50%-owned pooled investment vehicle, Thakral Japan Properties. The 105-room business hotel is Thakral’s third investment property in Japan. Thakral Corporation closed at 21 cents on Nov 25.

Astaka Holdings has signed a RM308.0 million ($98.4 million) sale and purchase agreement with Johor Bahru’s City Council, Majlis Bandaraya Johor Bahru (MBJB). Under the agreement, Astaka’s 99.99%-owned subsidiary Astaka Padu will construct, develop and sell to MBJB a 15-storey Grade A office tower, Menara MBJB. Share of Astaka Holdings closed flat at 21 cents on Monday.

First Sponsor Group is teaming up with Provast to redevelop the Boompjes 55-58 office complex in Rotterdam to create a 344-apartment residential tower. CBRE Global Investors will acquire 258 of the apartments in the project, as well as the commercial spaces and the associated spaces in the car park. The remaining 86 apartments in the project will be sold to individual purchasers. Construction on the 12,000 sqm office complex will start in 2017. Shares of First Sponsor closed 0.4% higher at $1.33 on Monday.

Markets
US stocks fell modestly on Monday, weighed down by declines in the financial and consumer discretionary sectors, as some investors booked profits on the heels of a record-setting week. The Dow Jones industrial average fell 32.5 points, or 0.17%, to 19,119.64, the S&P 500 lost 6.89 points, or 0.31%, to 2,206.46 and the Nasdaq Composite dropped 20.49 points, or 0.38%, to 5,378.43.

The Straits Times Index closed 0.5% higher at 2,874.65, helped by financials and broad gains across most other Asian markets. This was its strongest close in 7.5 weeks.

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[Sinkie]

Master Genosis is very pro maybe he can start a thread too lol

yes, i think he should have his own thread too

 

[MasterLeong]

MB research on CD


ComfortDelgro
Road to recovery
Event
 Recent policy and result announcements have afforded more visibility into
CD’s earnings and cash flow profile. With the share price having corrected -
20% YTD (vs -1% Straits Times Index), we find the bearish issues as stated in
our initiation report here already fully priced in, and in some ways overdone.
We upgrade CD to an Outperform.
Impact
 Uber & Grab threat real, but fully priced in: CD has managed to maintain
its fleet size at c17k despite continuing onslaught from Uber & Grab. We now
assume a 4% annual fleet decline from 2017 before stabilization in the
terminal year in 2021E. In the worst case scenario, where we ‘zero’ out the
continuing value of the SG taxi business, we arrive at a S$2.50 valuation. At
current levels, we think investors are already pricing in the worst for CD’s SG
taxi business and we see risk-reward skewed to the upside.
 SG Bus earnings secured for 7 years: 6 out of 8 of CD’s SG bus contracts
will expire only after 7 years, which secures cS$50m of operating profit
annually for our forecast period, we believe. To realistically factor in a 5-player
market, our base case now assumes CD to win only 3 operating contracts, out
of a total 14, in our terminal year.
 Driverless taxis still some time away: Extensive work done on the subject
suggests that Level 4-5 advanced driver assistance systems (ADAS), where
the driver cedes complete control of the vehicle, is still at least about a decade
away. Up till then, we think the disruptive impact of ADAS to the traditional
taxi business model is limited.
 Valuations cheap even with disruption risks: Cost of equity has historically
been low for CD largely owing to a strong management team and excellent
execution track record in a non-cyclical industry. With the risks of disruption,
we believe investors should demand a higher return and thus ascribe a
higher-than-average beta and cost of equity in our valuation. We still find
upside under these conditions.
Earnings and target price revision
 We reduce our earnings estimates by 1-10% for 2016-18E, our target price
increases as we roll forward valuations to 2017E and migrate to a DCF-based
methodology.
Price catalyst
 12-month price target: S$2.80 based on a DCF methodology.
 Catalyst: Results, Accretive acquisitions
Action and recommendation
 At 16x 2017E PER with a 4% dividend yield, we find CD attractively
priced. With our base case now factoring all the pertinent negatives, we
believe risk-reward is skewed to the upside. We upgrade to Outperform
from Neutral.

 

[Genosis]

if have to pick your core 3-4 industries to focus on which would they be?

Healthcare, logistics, cyber-security, private wealth management