Month: November 2021

DBS Group Holdings share price (SGX: D05) in crisis

DBS Group Holdings share price

Year End Special Offer! Troubles come in troops for DBS Group Holdings share price. Looking back, the counter smashed a record high of $32.60 on 5 November following a splendid bull run. It certainly seemed that the sky was the limit for DBS Group Holdings share price. But unexpectedly, the wheels came off the wagon for DBS Group Holdings after the bank reported a subpar 9MFY2021 financial result that saw net income interest falling 9% year-on-year. The following Monday (8 November), DBS Group Holdings share price turned bearish.

Shortly after the release of the latest financial result, the bank suffered one of its worst service disruptions in the past decade, prompting Monetary Authority of Singapore (MAS) to mull taking regulatory actions against the bank in the coming days. The outage led to temporary crisis of confidence on DBS Group Holdings share price.

DBS Group Holdings share price

Just when investors thought that the worst was over for DBS Group Holdings share price, another nightmare unfolded. On 26 November, investors woke up to stunning revelation of a new COVID-19 variant that may be more contagious than the Delta variant. What spooked investors is that the variant could render current vaccines ineffective given its significant mutations. Due …

ISDN share price to rocket to $1.90?

ISDN share price

Year End Special Offer! Will ISDN share price do an AEM? Since January 2020, ISDN share price has rocketed more than 300% to reach the current $0.75. The meteoric rise of ISDN share price has led investors to compare the counter to fellow SGX peer, AEM. Apart from this, what is the possibility of Temasek Holdings taking a stake in ISDN?

In life, never say never. Temasek Holdings investments in AEM and CSE Global showed that the sovereign wealth fund is open in taking majority stakes in promising home-grown companies listed in SGX mainboard. Like AEM and CSE Global, ISDN is an engineering company that provides technological solutions to its customers. In this article, I will examine the possibility of Temasek Holdings taking a stake in ISDN and the potential impacts on ISDN share price.

ISDN share price

The principal activities of ISDN are mainly on motion control, industrial computing, other specialised engineering solutions and construction of hydropower plants. The Group is listed on SGX Mainboard since 24 November 2005 and achieved a dual primary listing on the Hong Kong Stock Exchange on 12 January 2017.

In Singapore ISDN share price is largely under the radar of institutional investors. For the past one …

AEM share price (SGX: AWX) to hit $20 with new patent?

AEM share price AWX

Year End Special Offer! For the past one week, AEM share price (SGX: AWX) has been in outrageous form. Apparently, the 3rd quarter business update had ignited the rally of AEM share price (SGX: AWX). At the point of writing, this counter is still in red hot form and showing no sign of cooling down. What truly confounded many investors was the fact that net profit for 9MFY2021 had plummeted 33.4% to $53 million. The rise of AEM share price (SGX: AWX) defied all sense of logic as poorer financial result usually leads to lower share price. Against this backdrop, what could be the triggering factor that led to the raging form of AEM share price (SGX: AWX)?

In my view, the sudden burst of form of AEM share price (SGX: AWX) may not be attributed to a potential Nasdaq listing nor the positive outlook for its chip testing business. Although these are important catalysts for AEM share (SGX: AWX), I honestly doubt that they played a part in the recent meteoric rise of 21% in AEM share price (SGX: AWX) in the past one month.

AEM share price AWX

Based on my hypothesis, I think the recent superb form of AEM …

Singtel share price (SGX: Z74) in Christmas mood!

Singtel share price Z74

Year End Special Offer! Christmas comes early for Singtel share price (SGX: Z74)! The counter is in buoyant form following the release of a set of stellar first half financial result that saw net profit more than doubled to $954 million. In my last article, I had suggested that winter may be over for Singtel share price (SGX: Z74). On the basis of the latest financial result, it seems that the telco has managed to turnaround.

Singtel share price (SGX: Z74) was also given a boost as the management made a couple of shares buybacks in the past few days. 620,989 shares were bought back on 12 November while 620,500 shares were bought back on 15 November. It is unknown if the shares repurchase will continue in the coming days. Year-to-date, Singtel share price (SGX: Z74) has climbed about 10%.

Singtel share price Z74

Looking at the results, there are several factors that led to the revival of Singtel’s businesses, namely the resumption in regional economic activities and Airtel’s turnaround. If the telco continues to perform like this for the next two quarters, Singtel share price (SGX: Z74) should be able to breakthrough $3.00 – the level at which Singtel share price (SGX: Z74) …

AEM share price (SGX: AWX) to rocket to $8.30?

Wilmar share price

LIFETIME MEMBERSHIP Hurry! The train is leaving! What a swashbuckling return in form for AEM share price (SGX: AWX). Following the release of the 3rd quarter business update on 10 November, the counter surged 4.5% the next trading day. As of 12 November, AEM share price (SGX: AWX) rocketed 9% to hit a record high of $4.78. Can anything stop AEM share price (SGX: AWX)?

Although net profit for 9MFY2021 plummeted 33.4% to $53 million, the latest business update revealed a glowing outlook for AEM share (SGX: AWX).

AEM share price AWX

In the business update, the management raised the full-year revenue guidance to between $525 million and $550 million. For AEM to meet this revenue guidance, the Group needs to achieve about $200 million in the 4th quarter. The management has a strong track record of meeting its revenue guidance, so I am confident that AEM is able to meet this target. However, the key sentence in the business update that could turbocharge AEM share price (SGX: AWX) is “the Group expects the ramp to continue through 4Q2021 and into FY2022”.

Based on the above statement, AEM should be raking in about $200 million of revenue in each quarter of …

Here’s why Raffles Medical share price (SGX: BSL) plunged 12%

Raffles Medical share price BSL

LIFETIME MEMBERSHIP My last coverage on Raffles Medical share price (SGX: BSL) was in June 2020. Back then, the counter was recovering from the initial impact of the pandemic. Nonetheless, Raffles Medical share price (SGX: BSL) remained sluggish for most of 2020 until news of vaccines broke out in November 2020. Since then, global roll-out of vaccine programmes and easing of border restrictions led to Raffles Medical share price (SGX: BSL) rocketing to a near-record high of $1.55 in October 2021.

Unexpectedly, the bullish form Raffles Medical share price (SGX: BSL) was brought to a screeching halt when the shares plunged 12% to reach a low of $1.35 on 3 November 2021. To be honest, the volatility of Raffles Medical share price (SGX: BSL) is rather rare and it prompted a Lifetime Member of SG Wealth Builder to seek an insight from me.

Raffles Medical share price BSL

There are analysts who claimed that the recent correction of Raffles Medical share price (SGX: BSL) is due to the revised on-arrival COVID PCR test requirements for travellers arriving in or transiting through Singapore (from 7 Oct 2021 onwards, travellers from CAT II, III & IV countries do not need to do on-arrival PCR tests). For perspective, …

OCBC share price (SGX: O39) went AWOL

OCBC share price O39

LIFETIME MEMBERSHIP It seems that OCBC share price (SGX: O39) have lost its way. On 3 November 2021, the local bank released a set of financial result that saw 3rd quarter’s net profit rose by an impressive 19% year-on-year to reach $1.22 billion. Nine months’ net profit rose by a staggering 58% to $3.88 billion. With such a solid performance, most investors would have popped the champagne. Yet OCBC share price (SGX: O39) confounded investors by retreating 0.75% on that fateful day.

To be honest, the tepid performance of OCBC share price (SGX: O39) is truly bizarre. Like many investors, I had expected plenty of fireworks for OCBC share price (SGX: O39) following the release of the excellent 3rd quarter business update. I do think that it is reasonable to expect OCBC share price (SGX: O39) when you see such good result. But then again, Man proposes, God disposes. OCBC share price (SGX: O39) went missing in action instead.

OCBC share price O39

The trend of OCBC share price (SGX: O39) is eerily similar to that of Wilmar, another Straits Times Index heavyweight. In October 2020, Wilmar share price suffered an explosive meltdown following the hugely successful listing of Yihai Kerry Arawana …

Mapletree Logistics Trust share price (SGX: M44U) in rock and roll

Mapletree Logistics Trust share price M44U

Year End Special Offer! Will the latest financial result set fire on Mapletree Logistics Trust share price (SGX: M44U)? The counter has been in buoyant mood in recent days following the release of a set of stellar financial result that saw 1st half gross revenue increasing 24.4% year-on-year to $328 million while net property income surged 21.4% to hit $289 million. Amount distributable to unitholders increased 19.2% to $186 million.

To be frank, it has not been a bed of roses for Mapletree Logistics Trust share price (SGX: M44U) in 2021. The counter crashed from $2.00 in January to a low of $1.78 in March. To be frank, I could not explain the root cause for the correction of Mapletree Logistics Trust share price (SGX: M44U). So far, there were no equity financing nor were there any adverse news affecting Mapletree Logistics Trust share price (SGX: M44U). Hence, the tepid performance of Mapletree Logistics Trust share price (SGX: M44U) had been puzzling.

Mapletree Logistics Trust share price M44U

Year-to-date, Mapletree Logistics Trust share price (SGX: M44U) increased by a mere 1.5% only. This is despite the S-REIT continuing to deliver good financial results for the past few quarters. Looking back, one of the plausible …