Sam Goi continues to boost his stakes in PSC and GSH
The four trading days saw close to 70 changes to director interests and substantial shareholdings filed for more than 30 primary-listed stocks.Directors or CEOs filed 17 acquisitions, and five disposals, while substantial shareholders filed 13 acquisitions and seven disposals.Sam Goi continues to boost his stakes in PSC and GSH1.PSC and GSH$PSC Corporation(DM0.SI)$ executive chairman Sam Goi also continued to build his interest in the consumer product manufacturer and distributor.He acquired 144,700 shares of the company at S$0.352 per share, taking his total interest from 30.74% to 30.77%. Goi also bought more shares of $GSH(BDX.SI)$ , where he also serves as executive chairman.He acquired the
$Olam Group(VC2.SI)$ https://www.spore-share.com/2024/04/olam-group-wow-today-seem-some-buying.html Olam Group - Wow! Today seem some buying activities spotted, she is up 3 cents to 1.23. High probability she will rise up to cover the Gapped at 1.26 and continue to rise up further toward 1.34. Pls dyodd. Olam Group - She is rising up to test 1.20 soon! A nice breakout smoothly would likely see her rising up towards 1.30 and above! Pls dyodd. Olam Group - Awesome! A nice breakout smoothly accompanied with high volume this is rather bullish and we may see her rising up to test 1.20 than 1.34 and above! Clearing 1.34 with ease we may see her testing 1.47 than 1.58. Pls dyodd. Olam Group - Nice Breakout at 1.08! She is looking gr
$AEM SGD(AWX.SI)$ Hot Stocks AEM (Update) - The price seem hovering around the upper end of the price action upon the releasing of winning new contract on 3rd April looks rather positive! A nice crossing over of 2.54 and rising up to cover the Gapped at 2.65 would certainly see further upwards movement! AGM is on 24th April. Lets see if there is further update regarding the recent new contract winning! Pls dyodd. AEM - Hot stocks! The company just announced winning big order for High Volume Manufacturing For Its Automated Burn-In Test Solution. Market reacted positively! Immediate resistance is at 2.54! Pls dyodd. There is a Gapped at 2.64/2.65 need yo be covered in order to rise up further! Cautious mode! https://www.spore-share.com
Singapore Office Focused REITs Comparison @ 4 April 2024
$Mapletree PanAsia Com Tr(N2IU.SI)$$KEPPEL REIT(K71U.SI)$$Suntec Reit(T82U.SI)$$OUEREIT(TS0U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure. Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties Shareholding &a
Weekly Inflows: Grand Bank Yachts, Huationg Global, BTOU & 1J5 See Huge Acquisitions
The four trading sessions had close to 90 changes to director interests and substantial shareholdings filed for nearly 50 primary-listed stocks.Directors or chief executive officers filed 19 acquisitions and four disposals, while substantial shareholders filed six acquisitions and four disposals.1.Grand Bank YachtsWillimbury, a private company incorporated in Australia, increased its substantial shareholding in $Grand Banks(G50.SI)$ above the 15% threshold on Mar 28.The married deal involved 1,709,500 shares being acquired at S$0.31 apiece, boosting the company’s direct interest to 15.79% from 14.86%. It had raised its direct interest above the 14% threshold in June 2022, with that acquisition also transacted at an average price of S$0.31
S-REIT sector’s PB ratio is at almost 20% discount
REIT Watch - Current PB ratios vs 5-year averages of the 10 largest weights of the iEdge S-Reit IndexIt has not been smooth sailing for REITs over the recent months with higher interest rates adding pressure to share prices and valuations.Despite this, the S-REIT sector is now trading at a discount of close to 20% compared to its longer-term average in terms of price-to-book ratio.This is indicated by the iEdge S-REIT Index currently trading at a price-to-book (PB) ratio of 0.87 times, against the index’s five-year average PB ratio of 1.04 times – which showed a discount of 16%. REIT Watch - iEdge SREIT Index's PB ratio trades below -1 SD of the longer-term averageThe iEdge S-REIT Index and associated variant indices provide benchmarks for a number of portfolio products such as ETFs,
Weekly Inflows: Raffles Medical, Union Steel, PSC & JB Foods See Huge Acquisitions
The four trading sessions saw close to 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks.Directors or CEOs filed 19 acquisitions, and two disposals, while substantial shareholders filed four acquisitions and one disposal.Union Steel co-founder Ang Yew Chye ups stake1. $Raffles Medical(BSL.SI)$ Between Mar 21 and 25, Raffles Medical Group executive chairman Loo Choon Yong acquired 600,000 shares at an average price of S$1.03 per share. It increased his total interest from 53.79% to 53.83%. This has followed on from his acquisition of 14.3 million shares between Feb 27 and Mar 20.2. $UnionSteel(ZB9.SI)$ Between Mar 25 and 26, Union
Eight S-Reits among Singapore’s top retail net buy stocks in Q1
The first quarter of 2024 (till Mar 27) saw the FTSE EPRA Nareit Global REITs Index decline 0.6% in total return. The iEdge S-REIT Index recorded greater total return declines of 7.3% across the same period.January and February 2024 saw the 41 S-REITs and property trusts average 4.8% and 6.3% total return declines, respectively, as expectations for easing interest rates were pushed later in the year than previously expected. In March, the sector rebounded 2.5% (till Mar 27) as investor confidence in the sector returned, with the Federal Reserve foreseeing three rate cuts by the end of 2024.In terms of fund flows, institutional investors net sold over S$560 million worth of S-REITs in Q1 2024.On the other hand, retail investors continued to net buy the sector at over S$480 million, after ac
$Goldman Sachs(GS)$ is out with a pretty negative sounding note on $Sea Ltd(SE)$. Note that the stock has been weak post EPS and saying that both Tiktok and Shopee increased promotions. However - Shopee is the most aggressive with promotions[Smart][Smart][Smart], doing 3x of what Tokopedia does in an homogeneous market.
$Sea Ltd(SE)$It would be a great time for an announcement about Free Fire being available once again in India. That would light a fire here...not a free fire, a lucrative fire.[Smart][Smart][Smart]60 by end of week Garena stabilizing, Shoppee a beast, Sea Money profitable. This is significantly undervalued[Miser][Miser]Long for $Sea Ltd(SE)$ !!!Why Is Sea Limited (SE) Stock Rallying 40% Today ...
$Sea Ltd(SE)$It looks hot for a reversal.Not sure about 60 this week. Would take some significant market cooperation. But doable for next week. Do I know that? Of course not. Don't let anyone tell you otherwise. But this is undervalued for all the reasons bulls understand all too well. GLTA bulls.[Miser][Miser][Miser]
$Sea Ltd(SE)$Exponential growth ahead be patience as stock turns over…remember we were in the 370’s per share with no growth…Everything they have done in the past HAS set them up for the complete reversal HAPPENING today and future years!! STRONG MONEY-FLOW INTO THE STOCK IS HAPPENING GLTAL[Smart][Smart][Smart]
$Sea Ltd(SE)$Similarly, $PDD Holdings Inc(PDD)$ up 16% good for EM e-commerce sentiment last week. Stock about 10% off in 3 days for no reason despite multiple upgrades in that time, including from very well respected shop Bernstein with a $70 PT. Se also has potential advance in the market. Good to buy![Smart][Smart][Smart]
$Sea Ltd(SE)$Feedback I have seen that there was some rotation from china into US post the positive fed, but that really makes no sense for SE given this cleaned up beautifully. And this is just dirt cheap here and was literally just at $53 with buyers... again doesnt make sense. am adding a solid amount more here to this and think we get a solid rally back here into this afternoon. Company is on the road with investors and messaging strong as evidenced by all of the broker notes that have come out on it over the past week. this at this level to me is a complete no brainer like i have been saying, i see no reason why we would not be back in the mid 60's by this time next week. an absolute BUY here[Miser][Miser][Miser][Smar
$Sea Ltd(SE)$Shopee's three consecutive quarters of positive EBITDA prove two things. One, the management team can execute quickly on new priorities and initiatives. [Smart]Two, Shopee's e-commerce marketplace business is viable.[Smart]Therefore, buy it in the dip!
$Sea Ltd(SE)$ I think $55 support will hold. If not it might go back to $45. See it as a buying opportunity. Long term this will go higher, much higher[Lovely][Lovely][Lovely]The recovery of economy will boost the consumption and enhance the sales! Long for it!
$Sea Ltd(SE)$ No Worries….Strong Buy as rapid exponential earnings are just in the beginning stages and will continue for years!! [Miser][Miser][Miser]In a short matter of time this will deserve to be back and exceed the all time highs!!! Be a visionary and throw in a little patience and you can be in for a life changing gain!! I am just saying….everything they have done in the past has set them up for the future WHICH STARTED TO REVERSE IN JANUARY as all their business models by next earnings will show incredible change in direction heading Up.. The money flow in to the stock in one of many tailwinds!! Good Luck to all longs!! Patience wins as everyone wants things to happen tomorrow!!![Cool][Cool][Cool]
Sam Goi continues to boost his stakes in PSC and GSH
The four trading days saw close to 70 changes to director interests and substantial shareholdings filed for more than 30 primary-listed stocks.Directors or CEOs filed 17 acquisitions, and five disposals, while substantial shareholders filed 13 acquisitions and seven disposals.Sam Goi continues to boost his stakes in PSC and GSH1.PSC and GSH$PSC Corporation(DM0.SI)$ executive chairman Sam Goi also continued to build his interest in the consumer product manufacturer and distributor.He acquired 144,700 shares of the company at S$0.352 per share, taking his total interest from 30.74% to 30.77%. Goi also bought more shares of $GSH(BDX.SI)$ , where he also serves as executive chairman.He acquired the
$Olam Group(VC2.SI)$ https://www.spore-share.com/2024/04/olam-group-wow-today-seem-some-buying.html Olam Group - Wow! Today seem some buying activities spotted, she is up 3 cents to 1.23. High probability she will rise up to cover the Gapped at 1.26 and continue to rise up further toward 1.34. Pls dyodd. Olam Group - She is rising up to test 1.20 soon! A nice breakout smoothly would likely see her rising up towards 1.30 and above! Pls dyodd. Olam Group - Awesome! A nice breakout smoothly accompanied with high volume this is rather bullish and we may see her rising up to test 1.20 than 1.34 and above! Clearing 1.34 with ease we may see her testing 1.47 than 1.58. Pls dyodd. Olam Group - Nice Breakout at 1.08! She is looking gr
S-REIT sector’s PB ratio is at almost 20% discount
REIT Watch - Current PB ratios vs 5-year averages of the 10 largest weights of the iEdge S-Reit IndexIt has not been smooth sailing for REITs over the recent months with higher interest rates adding pressure to share prices and valuations.Despite this, the S-REIT sector is now trading at a discount of close to 20% compared to its longer-term average in terms of price-to-book ratio.This is indicated by the iEdge S-REIT Index currently trading at a price-to-book (PB) ratio of 0.87 times, against the index’s five-year average PB ratio of 1.04 times – which showed a discount of 16%. REIT Watch - iEdge SREIT Index's PB ratio trades below -1 SD of the longer-term averageThe iEdge S-REIT Index and associated variant indices provide benchmarks for a number of portfolio products such as ETFs,
Singapore Office Focused REITs Comparison @ 4 April 2024
$Mapletree PanAsia Com Tr(N2IU.SI)$$KEPPEL REIT(K71U.SI)$$Suntec Reit(T82U.SI)$$OUEREIT(TS0U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure. Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties Shareholding &a
Eight S-Reits among Singapore’s top retail net buy stocks in Q1
The first quarter of 2024 (till Mar 27) saw the FTSE EPRA Nareit Global REITs Index decline 0.6% in total return. The iEdge S-REIT Index recorded greater total return declines of 7.3% across the same period.January and February 2024 saw the 41 S-REITs and property trusts average 4.8% and 6.3% total return declines, respectively, as expectations for easing interest rates were pushed later in the year than previously expected. In March, the sector rebounded 2.5% (till Mar 27) as investor confidence in the sector returned, with the Federal Reserve foreseeing three rate cuts by the end of 2024.In terms of fund flows, institutional investors net sold over S$560 million worth of S-REITs in Q1 2024.On the other hand, retail investors continued to net buy the sector at over S$480 million, after ac
Weekly Inflows: Grand Bank Yachts, Huationg Global, BTOU & 1J5 See Huge Acquisitions
The four trading sessions had close to 90 changes to director interests and substantial shareholdings filed for nearly 50 primary-listed stocks.Directors or chief executive officers filed 19 acquisitions and four disposals, while substantial shareholders filed six acquisitions and four disposals.1.Grand Bank YachtsWillimbury, a private company incorporated in Australia, increased its substantial shareholding in $Grand Banks(G50.SI)$ above the 15% threshold on Mar 28.The married deal involved 1,709,500 shares being acquired at S$0.31 apiece, boosting the company’s direct interest to 15.79% from 14.86%. It had raised its direct interest above the 14% threshold in June 2022, with that acquisition also transacted at an average price of S$0.31
The five trading sessions saw more than 80 changes to director interests, and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or chief executive officers filed 25 acquisitions and four disposals, while substantial shareholders filed 10 purchases and four disposals.Share buybacks by primary-listed companies1.Raffles Medical GroupBetween Mar 14 and 20, $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong bought 700,000 shares at an average price of S$1.035 per share, which increased his total interest from 53.76% to 53.79%. This followed his acquisition of 13.6 million shares between Feb 27 and Mar 13.Prior to the recent spate of acquisitions, Dr Loo’s total stake in Raffles Medical was 53.02%. Back o
S-REITs gain on Fed chair Powell reaffirming three rate cuts to come this year
MOST Singapore-listed real estate investment trusts (S-REITs) and property trusts posted gains after the Federal Reserve held its interest rates steady and reaffirmed its projection of three rate cuts this year at the latest Federal Open Market Committee (FOMC) meeting.The $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ closed its Mar 20 session at a record high and the Straits Times Index also gained, rising 1.35% on Thursday (Mar 21) and marking its highest level in nearly a month – led by real estate, financial and consumer cyclicals names.The REIT sector has historically enjoyed strong absolute and relative total returns after the end of a monetary policy tightening cycle, said Edward Pierzak, se
$AEM SGD(AWX.SI)$ Hot Stocks AEM (Update) - The price seem hovering around the upper end of the price action upon the releasing of winning new contract on 3rd April looks rather positive! A nice crossing over of 2.54 and rising up to cover the Gapped at 2.65 would certainly see further upwards movement! AGM is on 24th April. Lets see if there is further update regarding the recent new contract winning! Pls dyodd. AEM - Hot stocks! The company just announced winning big order for High Volume Manufacturing For Its Automated Burn-In Test Solution. Market reacted positively! Immediate resistance is at 2.54! Pls dyodd. There is a Gapped at 2.64/2.65 need yo be covered in order to rise up further! Cautious mode! https://www.spore-share.com
Weekly Inflows: Raffles Medical, Union Steel, PSC & JB Foods See Huge Acquisitions
The four trading sessions saw close to 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks.Directors or CEOs filed 19 acquisitions, and two disposals, while substantial shareholders filed four acquisitions and one disposal.Union Steel co-founder Ang Yew Chye ups stake1. $Raffles Medical(BSL.SI)$ Between Mar 21 and 25, Raffles Medical Group executive chairman Loo Choon Yong acquired 600,000 shares at an average price of S$1.03 per share. It increased his total interest from 53.79% to 53.83%. This has followed on from his acquisition of 14.3 million shares between Feb 27 and Mar 20.2. $UnionSteel(ZB9.SI)$ Between Mar 25 and 26, Union
James Ooi: Can Singapore Tourism Stocks Shine in 2024? in 17 Graphs
Below is a recap of our webinar, “Can Singapore Tourism Stocks Shine in 2024?” Please click here to watch the full webinar replay on Tiger Brokers App. Content: Singapore’s Tourism Industry Singapore's International Visitor Arrivals Top 5 Countries by Arrival – 2023 vs 2019 Singapore’s Hotel Industry SIA’s Operating Leverage SIA’s RASK and PLF SIA’s Technical Analysis Far East HTrust’s Hotels RevPar Far East HTrust’s Fixed vs Variable Rent Far East HTrust’s Technical Analysis Genting Singapore’s Earnings Genting Singapore’s Impairment RWS’s Expansion Plans Genting Singapore’s Technical Analysis Conclusion In addition to MICE events, sp
The five trading sessions saw close to 80 changes to director interests and substantial shareholdings filed for close to 40 primary-listed stocks. Directors or CEOs again filed 35 acquisitions, while no disposals were filed, and substantial shareholders filed nine acquisitions and five disposals.Share buybacks by primary-listed companies Mar 8 - 141.Raffles Medical GroupBetween Mar 7 and 13, $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong acquired 2.7 million shares at an average price of S$1.02 per share. This increased his total interest from 53.61 to 53.76%. This followed his acquisition of 10.9 million shares between Feb 27 and Mar 6. Prior to the recent spate of acquisitions Dr Loo’s total stake in Raffles Medical Group wa
S-Reits continue to expand through DPU-accretive acquisitions
The combined market value of the Singapore Reits and property trusts (S-Reits) sector has grown at a compound annual rate of 6% over the 10 years to end-2023. As expected, and given the challenging macroeconomic environment since the pandemic, not every year saw growth.Nevertheless, S-Reits are still expanding their portfolios as we see Reit managers announce proposed acquisitions and developments in the year thus far.REIT Watch - FLCT’s portfolio breakdown pre and post acquisition1.Frasers Logistics & Commercial TrustThe latest was announced by $Frasers L&C Tr(BUOU.SI)$ (FLCT) with the proposed acquisition of 89.9% interest in a logistics and industrial (L&I) portfolio of four properties in Germany. The stake will be purchase
The five trading sessions saw over 100 changes to director interests and substantial shareholdings filed for 50 primary-listed stocks. Directors or CEOs filed 35 acquisitions and one disposal while substantial shareholders filed 10 acquisitions and two disposals.Director filings and buybacks continue at stronger pace1.Wilmar InternationalBetween Mar 1 and 5, $Wilmar Intl(F34.SI)$ chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 2,172,600 shares. This increased his total interest from 13.66% to 13.70%. HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 543,150 shares at an average price of S$3.33 per share. Kuok has been gradually increasing his total interest in Wilmar I
Weekly Inflows: Raffles Medical, Wilmar, ValueMax & Wing Tai See Huge Acquisitions
The five trading sessions had almost 80 changes to director interests and substantial shareholdings filed for close to 50 primary-listed stocks. Directors or chief executive officers filed 30 acquisitions and one disposal, while substantial shareholders filed four acquisitions and 11 disposals.1. $Raffles Medical(BSL.SI)$ Between Feb 27 and 28, Raffles Medical Group executive chairman Loo Choon Yong acquired 4.5 million shares at an average price of S$1.03 apiece. This increased his total interest to 53.27%, from 53.02%.With the release of the group’s FY23 (ended Dec 31) results on Feb 26, he noted the group is cautiously optimistic in its 2024 outlook. He also said that despite geopolitical and economic headwinds, the group sees a growing
Following $Straits Times Index(STI.SI)$’s March quarterly review, it was announced that $Frasers Cpt Tr(J69U.SI)$ (FCT) will be added to the STI and Emperador to be removed from it, effective at the start of business next Monday (Mar 18). This brings the total number of Singapore real estate investment trusts (S-Reits) in the STI to seven.At a market capitalisation of S$3.9 billion, FCT will join the STI with an approximate weight of 0.8%. FCT is also the second Frasers Property-sponsored Reit to join the benchmark after $Frasers L&C Tr(BUOU.SI)$. The combined indicative weightage of the seven S-Reits in the STI will be around 12.5.REIT Watch - S-Reit