Good Time to BUY M1 Ltd

• Met 73% of our 9M17 estimate
• NB-IoT network takes time to ramp up
• Maintain HOLD

9M17 Revenue Growth Driven Mainly by Fixed Services

 

M1 Ltd’s (M1) 3Q17 revenue grew 1.0% YoY to S$251.6m driven mainly by fixed services (+19.9%) and mobile post-paid (+3.4%) revenues but partly offset by weaker handset sales (-13.6%) and international call services (- 7.0%). Fixed services revenue growth was driven by a 20.0% YoY increase in customer base despite recording 6.1% decline in ARPU, while mobile revenue growth was mainly driven by higher post-paid customer base and flat YoY ARPU.

3Q17 operating expenses rose at a slower pace of 0.6% YoY to S$209.1m due to a 21.8% decline in advertising and promotion expenses, offset by higher depreciation. Consequently, EBITDA increased 1.3% YoY to S$75.5m. However, NPAT fell 4.8% YoY to S$32.7m as taxation increased 13.1% to S$7.2m. For 9M17, revenue rose 2.3% YoY to S$763.9m driven mainly by fixed services and handset sales.

However, operating expenses grew 4.8% to S$633.3m due to higher handset costs and higher wholesale costs of fixed services. Consequently, 9M17 NPAT declined 13.9% YoY to S$68.6m and EBITDA fell 5.0% to S$228.0m, which formed 72% and 73% of our FY17 forecasts, respectively.

No Change in FY17 Outlook Guidance

For FY17, M1 keeps its guidance unchanged:

1. capex to be around S$150m,
2. expects NPAT to decline YoY for FY17, and 3) intends to maintain 80% dividend payout ratio for FY17.

Looking ahead, we believe competition within the mobile segment will continue to put pressure on ARPU with the impending entry of TPG as well as the announced intention of MyRepublic to launch mobile services as a Mobile Virtual Network Operator (MVNO). While M1 has recently launched nationwide NB-IoT network, it expects mass adoption to take time as a new technology and with the eco-system still evolving.

Separately, we do not expect M1’s ICT business to contribute materially in the near-term as it needs time to ramp up as well.

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Supported by 6.8% Forward Dividend Yield

With a set of in-line 9M17 results, we keep our forecasts unchanged and note the lack of any near-term catalysts driving earnings. Hence, we maintain our HOLD rating and the same FV of S$1.65.

Get Perfect Plan for Blue Chip stocks , Intraday Trading Signals & Positional stocks Signals for SGX market

China Evergrande Group Statement for SGX Market

According to the South China Morning Post, home buying was notably subdued in China’s top-tier cities during the eight-day “Golden Week” public holiday, which is a traditionally popular season for home sales.

 

 

Data from real estate brokers 5I5J Group and Centaline Property Agency indicate that new home sales fell as much as 78% and 64% in Shanghai and Beijing, respectively, during the holidays compared with a year ago.

 

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Given the 19th Communist Party Congress starting October 18, it is highly likely that potential buyers are adopting a wait-andsee approach. Further, the slew of cooling measures introduced by the local authorities, ranging from heightened mortgage down payments to resale restrictions, appears to be taking effect.

While Evergrande’s latest operating statistics for Sep’17 indicate that contracted sales remains healthy till date, a prolonged period of market softness will be a cause for concern.

Singapore Stocks closing of the Today

MAGNUS ENERGY GROUP LTD

Recent Announcement: Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)

Descriptions -  This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, Stamford Corporate
Services Pte. Ltd. (the Sponsor), for compliance with the relevant rules of
the Singapore Exchange Securities Trading Limited (the SGX-ST). 

Read More- Which Singapore Stocks are Trending of This Week? 

The Sponsor has not independently verified the contents of this announcement.
The announcem ent has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement. 

Read More- Go-To Resources About Intraday Trading Signals

The contact person for the Sponsor is Mr Bernard Lui. Tel: 6389 3000
Email: bernard.lui@morganlewis.com

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ARTIVISION TECHNOLOGIES LTD

Recent Announcement: Use of net proceeds from the allotment and issuance of 185,185,185 option shares

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Singapore Stocks analysis of OUE Commercial REIT

1. Redemption of 75m CPPUs
2. Aggregate leverage to increase
3. Fair value of S$0.67

CPPU Redemption as Part of Capital Management Strategy

 

 

OUECT announced that it will be carrying out a redemption of 75m convertible perpetual preferred units (CPPUs) at the issue price of S$1 for each CPPU. The issuance of these CPPUs to OUECT’s sponsor was for partial payment of the purchase consideration for OUECT’s stake in One Raffles Place. Following the redemption on 2 Nov 2017, 475m CPPUs will remain outstanding. The Manager notes that this move is part of its proactive capital management strategy and to mitigate dilution in DPU from potential conversion of CPPUs into units of OUECT in the future.

Higher Finance Costs Expected

We note that the CPPUs were issued at a coupon of 1.0% p.a. in 2015, at a conversion price of S$0.841 per unit with a restricted period of 4 years from the date of issuance. While CPPU distributions will drop, OUECT’s finance costs should creep up, given that the redemption will be largely funded by existing loan facilities.

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OUECT’s pro-forma aggregate leverage as of 30 Jun 2017 is expected to increase from 36.4% to ~38.7%. On balance, we expect DPUs to soften slightly by 0.2% and 0.8% in FY17 and FY18 against our last forecast, respectively. We also believe it is possible for more CPPUs to be redeemed ahead of the non-call period in 2019, though a full redemption of the outstanding 475m units is highly unlikely.

Maintain HOLD

We believe that the Investment Outlook 2017 for the office sector is improving, as demonstrated by the flat QoQ Grade A CBD Core monthly rents of S$8.95 in Q2’17, according to CBRE. The same sentiment can also be observed from CapitaLand Commercial Trust’s recent acquisition of Asia Square Tower 2 (excluding the hotel component), where the potential benefits from an expected uptick in Grade A office rents has been cited as one of the reasons for the transaction.

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We will be waiting for further evidence to corroborate our view as we head into the earnings season. For now, based on our revised DPU forecasts, we maintain our HOLD rating but with a slightly lower fair value estimate of S$0.67 (previously S$0.68).

More update:  Stocks To Watch, 2017 Stock Market Outlook & Stock Market Investing Outloot

How Singapore investors can profit from unstructured data

Data that is collected in the business environment can be structured or unstructured. In general, structured data refers to information which is highly organised and which can easily be stored in rows and columns within database systems. On the other hand, unstructured data does not have a strict data structure, and is also not organised in a pre-defined manner.

Whilst data used in the business context is often well-structured and financial in nature, unstructured data represents a valuable but often neglected source of information that investors can use in their analysis of firms. In particular, a variety of unstructured data can be used to supplement and enhance their analysis of financial information traditionally reported by firms when making investment decisions.

Certainly, there has been a growing focus globally on using technology to gain insights from unstructured data. In a recent report titled “Finance reimagined: Finding long term value in a digital age” published by financial services company State Street, 2,000 investors and 500 investment providers were surveyed globally.

A key finding in the report is that the ability to combine both structured and unstructured data is set to become one of most important aspects of data that will define stewardship for the digital age.

In Singapore, there have also been efforts to leverage on unstructured data to gain insights. In a press release titled “DBS bank engages IBM”s Watson to achieve next generation customer experience,” the bank highlighted how it was using technology to deliver innovation anchored around analytics and the use of big data, both structured and unstructured.

 

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In this article, I highlight two types of unstructured data – audio and text data - that exists in many firms, and which can be leveraged on by investors to gain insights into these firms.

Audio data
Potential sources of audio data include quarterly earnings calls, presentations to shareholders, and other audio recordings of public disclosures that executives routinely make. Such audio data can be analysed by investors to generate important insights beyond what is traditionally reported by a company in its financial statements.

For example, recent academic research suggests that a CEO’s affective state, as detected in his or her speech patterns (for instance, on earnings calls), may be effective in predicting the likelihood of a firm’s future stock price movements.

Further, there is also evidence to indicate that vocal and linguistic cues in a CEO’s voice may be predictive of possible irregularities in a company’s reported financial statements, which could eventually lead to restatements of reported financial results.

 

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Text data
Text data represents another category of unstructured data that investors can leverage on when evaluating firms. Sources of text data include annual reports, regulatory filings, and other written disclosures made by a firm.

As with audio data, academic research has examined how text data can be incrementally informative in predicting future firm performance and events. For example, recent research has found evidence that the linguistic tone of disclosures made in the Management Discussion & Analysis (MD&A) section of a firm’s regulatory filings can be predictive of a firm’s possible bankruptcy in the near future and also of future firm earnings.

 

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Incorporating the analysis of relevant audio and text data can be tremendously helpful. It can provide analysts and investors with a more holistic evaluation of a firm, and can provide valuable insights that would ordinarily not be available to them through traditional financial analysis techniques.

Therefore, even as traditional quantitative methods of financial analysis that leverage on structured data continue to form the basis of investors’ evaluations of firms, unstructured data – including audio and text data - can also be an important, complementary area of focus that can provide important insights and information.

 

Source - www.sbr.com.sg

Singapore Stocks Market Analysis of ComfortDelGro Corp

ComfortDelGro Corp - Downgrade: A rail disappointment

 
■ Regulator awards TEL contract to SMRT despite poorer track record
■ We see greater uncertainty over the outcome of future contracts
■ Downgrading to Hold (3) from Buy (1); lowering TP to SGD2.09

What's new:

The recent award of the Thomson-East Coast Line (TEL) rail contract to SMRT (not listed) raises uncertainty over the regulator’s evaluation process for future transport service contracts, in our view. As our original expectation for ComfortDelGro (CDG) to be a key beneficiary of greater public transport usage in Singapore appears diminished, we downgrade our rating on the stock to Hold (3) from Buy (1).

 

What's the impact:

The TEL contract was widely expected to be a key near-term catalyst for CDG. While we had not factored its potential into our forecasts, we estimate that the rail line could have contributed around SGD0.08/share to our valuation. According to the regulator, SMRT’s bid of SGD1.7bn was 30% below that of CDG while still ranking higher on quality – despite CDG’s relatively better rail reliability track record. More importantly, the outcome of the bid raises uncertainty over the bidding and evaluation process for future contracts in both the bus and rail segments.

 
In the rail segment, CDG remains in negotiations with the regulator over the transitioning of its existing lines to a new rail model (see our note dated 20 July 2016), which we think could now lead to a less favourable resolution. Meanwhile, as bus packages currently operated by CDG are to beprogressively tendered out over the next decade, we see elevated risks
that bids may have to be priced more competitively for CDG to retain them.
Finally, while we have been aware of competitive pressures, we nowexpect CDG’s taxi business to see a structural longer-term decline. In terms of forecast changes, we cut our near and longer-term growth and margin expectations for CDG’s Singapore businesses across its segments, resulting in 4-13% cuts to our 2017-19 EPS forecasts. 

 

We now look for a structural decline in CDG’s taxi business over a 10-year horizon, as well as reduced profitability outlook for bus and rail. We also factor potential fare reductions into our 2018-19 rail forecasts following the regulator’s recent fare review exercise.

 

Keywords: Intraday trading signals, Stock investment Singapore, Singapore stock Market, stock investment, share investment & stock picks

Singapore Stock Market Leading now positively in Asia Economy

The Singapore securities exchange ricocheted higher again on Friday, one session after it had finished the three-day winning streak in which it had gathered right around 65 focuses or 2 percent. The Straits Times Index stays just underneath the 3,230-point level and it called higher again on Monday.

 
The worldwide conjecture for the Asian markets is extensively positive because of cheery U.S. work information and French decision comes about. The European and U.S. markets were up on Friday and the Asian bourses are relied upon to take action accordingly.

The STI completed scarcely higher on Friday taking after blended exhibitions from the financials, properties and industrials. 

Singapore Stock Market

Among the actives, SembCorp Marine plunged 2.79 percent, while Golden Agri-Resources dropped 1.37 percent, City Developments slipped 1.29 percent, Thai Beverage climbed 1.11 percent, SembCorp hopped 0.95 percent, Yangzijiang Shipbuilding progressed 0.81 percent, Oversea-Chinese Banking Corporation gathered 0.59 percent, DBS Group facilitated 0.15 percent and Noble Group was unaltered.

The lead from Wall Street is firm as stocks moved higher on Friday, pushing the NASDAQ and the S&P 500 to new record shutting highs. 

Global Share Market
 

The NASDAQ included 25.42 focuses or 0.4 percent to 6,100.76, while the S&P was up 9.77 focuses or 0.41 percent to 2,399.29 and the Dow included 55.47 focuses or 0.26 percent to 21,006.94. For the week, the Dow included 0.3 percent, the NASDAQ was up 0.9 percent and the S&P increased 0.6 percent. 



Read more - SINGAPORE STOCK MARKET 2017 OUTLOOK & STOCK PICKS TO CONSIDER
 
The firm close took after the Labor Department's month to month employments report, which indicated more grounded than anticipated occupation development in April. The information fortified desires of another loan fee climb by the Federal Reserve one month from now.

Merchants were hesitant to make enormous pushes forward of the end of the week's presidential spillover in France - yet anti-extremist hopeful Emmanuel Macron has been anticipated as the victor, likely powering the business sectors. Macron soundly vanquished far-right applicant Marine Le Pen to end up, at 39, the nation's most youthful president. 


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Crude Oil petroleum fates steadied Friday in the wake of diving to their most reduced of the year. WTI light sweet unrefined petroleum was up 60 pennies at $46.12 a barrel, having dipped under $45 before in the session.

We would like share us Singapore movable stock of the day:

• CHASEN
• BEST WORLD 
• JADASON
• NOBLE 
• YUUZOO

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Stay update with us - Investment Stock Picks, Stock Trading Tips, Intraday Trading Signals, Stock Investment Singapore & Singapore Stock Trading

STOCK INVESTMENT : KGI downgrades Ezion to 'sell' on weak fundamentals .

KGI Securities has downsized Ezion Holdings to an offer from a hold because of the organization's feeble essentials and high valuation contrasted with worldwide companions.

"Since our last redesign, Ezion's share cost has ascended by around 50 for each penny and presents impressive drawback hazard. Along these lines, we downsize Ezion to offer,'' KGI expert Joel Ng composed.

He has an objective cost of 20 Singapore pennies for Ezion, which gives benefit rigs and seaward coordinations bolster administrations to the oil and gas industry.

At 10.24am, Ezion was exchanging at S$0.315 a share, down 1.5 Singapore pennies, or 4.545 for each penny. More than five million shares changed hands.

A key sympathy toward the stock is the organization's powerless income position and arranged capital use of US$160 million to US$180 million for financial year 2017. This, Mr Ng said, may put advance weight on its accounting report if working money streams were to debilitate one year from now. He likewise noticed that Ezion's net outfitting after its rights issue is still raised.

Tormenting the stock is likewise the overarching supply overhang in the seaward bolster part. "We can expect facilitate decrease in usage and day rates, putting Ezion's now low profit for value under further weight,'' Mr Ng said.

The stock could be hosed if there are further compose downs or disabilities, higher than anticipated capital consumption because of upkeep and redesign works, and deferrals in receivables accumulation that may put weight on its accounting report.

Notwithstanding, a supported rally in raw petroleum costs above US$60 a barrel driven unsuspecting and geopolitical issues could give an upward impetus.

Ezion investigated Thursday that its second from last quarter net benefit fell 69 for every penny to US$9.4 million from US$30.3 million a year prior.

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• FIRST  RESOURCES
• DBS
• IFAST
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Our Stock Recommendation-

• SGX INTRADAY SIGNAL:BUY IFAST  AT 0.87 TARGET 0.91, 0.95  SL 0.82 … 

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SGX Stock Picks Update: GuocoLand Suffers a net loss of RM7.5 million for 2Q16

SGX Stock Picks Update: Property engineer GuocoLand (Malaysia) posted a net loss of RM7.5 million for 2Q16, on the back of a 34.9 percent decrease in income to RM36 million, on lower commitment from the organization's tasks.

The firm shared that the lessening in the commitment from business tasks was mostly alleviated by an expansion in the private undertaking in Damansara City.

For the six-month period, the gathering's top and primary concern progressed 27.5 percent and 138.9 percent to RM106.8 million and RM13.9 million separately.

Essentialness: Looking ahead, GuocoLand (M) takes note of that it stayed wary on the viewpoint and notion for the property market in the midst of the questionable monetary environment. Thusly, the organization would keep on concentrating on auspicious finishing of its advancement ventures and to monetise its inventories. 

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What is the 4 Value Investing Tactics to apply with Stock Trading Picks in SGX stock Market?

Among the few stock speculation procedures, worth contributing is one of the most straightforward one to exchange. Worth contributing totally relies on upon the investigation of outlines and measurable information. With inside and out examination ability, learning and speculation capital, it's anything but difficult to be esteem speculator. As a worth financial specialist, you have to take after the beneath said strategies.

Intrinsic Value:

Inherent esteem basically alludes to the estimation of the specific organization in which you are going to purchase stocks from. Taking all things together, the estimation of your contributing organization is fundamental to break down as it is a helpful stock trading signals to purchase important stocks when organization's shares are in uptrend.

Margin Safety:

It's gainful to purchase stocks at managing value which go about as a decent stock trading picks to get beneficial return at the season of offering. Edge security is one of the important and fruitful strategies of worth contributing as there are insignificant shots of stock cost getting declined.

Efficient-Market-Hypothesis:

It's prescribed not to consider Efficient-Market-Hypothesis on the grounds that as indicated by EPH, securities exchange incorporates existing stock costs just and rest of the costs got reflected, additionally the stock exchanges just at reasonable quality (adjusted stock cost for future contract).

Investing requires patience:

Whether you are expecting a moment benefit in a transient exchanging or long haul exchanging, you have to keep tolerance. Stock is not an item like that you can purchase just from store by paying on the double. In the event that you are contributing, then it's normal that you need to hold up to get significant returns.

Notwithstanding this, while purchasing a stock from a specific organization; it's vital to know the organization esteem. By watching that whether the stock cost is in the pattern or not, it's straightforward the BUY/SELL stock picks to succeed.

While putting resources into securities exchange, quality contributing is the right approach to purchase and offer the stocks. Taking all things together, you need to keep tolerance while analyzing so as to exchange and need to exchange the graph design and insights.

When Going To Invest In SGX Stock, Read This

Whether you’re a beginner in Stock investment or an expert, Stock market is comprised of ample of opportunity for money making. Although there are several methods for investing in stock market, but here 4 major key points are focused which must be followed while investing.

Method #1: The Tortoise Method

This method is a ‘Slow & Steady’ approach to obtain good profit potential in stock market. By following this method, there are very less chances to lose your money with low risk factor. Also by implementing this method, your assets are safe & secure.

Besides this the tortoise method includes “Blue Chip Stocks” & “Investment Grade Bonds”, which are as follows:

Blue Chip Stocks:        

Blue chip stocks are present in large & financially stabled companies. Only 30 out of 800 companies are listed at the Singapore Stock Exchange are blue chip stocks.

If you’re having complications to buy your first lot, then you can follow blue chip method. Through Blue chip stock investment, you can use your money a passive income and can also be re-invested to earn more profit.

Investment Grade Bonds:

Investment grade bond (AAA, AA or AA+) consists of credit ratings which calculate credit value. In this type of bond, you have to pay the interest in six months or annually.

Method #2: Value Investing

In value investing, investors find the stocks that are usually undervalued or very cheap for growing purpose. Investors buy the stocks, when stocks are priced down in the market.

Value investors find these undervalued stocks through deep analysis of companies rather than analyzing the stock prices. Overall they completely invest in the company not in the stock.

Before thinking of value investing, it is recommended that to analyze the annual reports deeply as well as you should be able to understand the business strategy of stock investment. With this, you can also take advice from any advisory firm to get correct stock picks for how to be a good value investor.

Method #3: Speculative Investing

As the name indicates, it is highly risky method. This method consists of purchasing the penny stocks at an initial stage of investing with the junk bonds. Then the investor predicts that this invested capital will provide good return. According to statistics, the investors lead to loss in order to make instant cash. Investors who follow this method are already prepared to remove their trading account.

Method #4: Hand off Investing:

As an investor, if want to give authority to take decisions about investing to someone else, then this is the best method for you.

There are several asset management companies, insurance companies & fund managers that will manage all your investment plans. For this, they will charge some amount from you and this amount will be reflected as a ‘Total Expense Ratio’ or this will be an effect of deduction in insurance company.

In Singapore, majority of investors apply this method through their insurance policies. If you have no time for investment or if you don’t want to know about investing, you can follow this method.

The bottom line is that, when it comes to investing and makes money then always takes care of safety & security and follows the strategic plans for your investment which will have low risk factors. It’s also recommended to get help from professional advisory firms so that you will be assuring of getting successful stock investment picks which will provide you with good returns.

Source: {www.mmfsolutions.sg/blog/4-crucial-methods-to-follow-when-investing-in-stocks/}