DBS initiates coverage on Jumbo at 'buy' rating with 68 cents price target

reference text from DBS

http://smr.theedgemarkets.com/article/dbs-initiates-coverage-jumbo-buy-rating-68-cents-price-target

Jumbo Group (Buy, target price at 68 cents)

Following the group’s 1H16 performance that saw a 14% y-o-y revenue increase and 42% earnings growth, he says Jumbo is on track to record even higher core earnings growth for FY16F. “Jumbo’s business fundamental is strong and cash generative. Its margin has been higher than its regional peers, with strong net cash balance and close to 30% ROE,” reflects Yong. DBS projects an earnings growth of 27% for FY15-18F through the seafood restaurant chain’s rapid outlet growth and better profitability.

Secura Group Latest Acquisition

SECURITY solutions provider Secura Group said on Friday that its wholly-owned subsidiary Soverus Technology Pte Ltd had, on Thursday, entered into a sale and purchase agreement to acquire Red Sentry Pte Ltd for S$2.7 million.

Earlier, Secura Group also Signed a MOU With Union Of Security Employees, Unveils New Career Scheme For Its Security Personnel.

Soilbuild REIT latest acquisition

The manager of Soilbuild REIT is buying an industrial property at 2 Bukit Batok Street 23 for $100.5 million. Soilbuild plans to enter into a master lease arrangement with the seller of the property, SB Westview Investment, which is a subsidiary of sponsor Soilbuild Group Holdings. 

The lease is for seven years. 

SB Westview will pay rent of $8 million in the first year with a step-up of 2% a year. 

Eric's view: lease of seven years with rent of $8 million for the first year with a step-up of 2% a year. where to find such good deal? 2 thumb up

A Day at FSM Invest Expo 2016

it was a fruitful day for my gf and i.
earlier yesterday morning along with her bff, we went to the "biggest" event hosted by Fundsupermart which they call it as "FSM Invest Expo 2016" hosted at Suntec Convention Hall 404.

well.. as compare to last year, it was indeed consider "big".
saw big names like Schroders, Aberdeeen, UOB, Nikko, Legg Mason and more.
visited most of their booths, but if u ask me what is the aim of visiting their booth. i couldn't answer it.

i went over one of the booth and asked the personnel, "any particularly reason(s) why u guys are prompting only this/these funds?"

he/she replied "oh, basically we base on the theme of this event and we came out with this/these." and then there was a awful silent, so i went off but back in my mind i was thinking, what is the aim of their sharing? i mean i can read these stuff online, all they have is just factsheet in their booth where these factsheet is readily available online. moreover they dont share alot on their fund. end result, they passed me their factsheet and i have to read myself. well...

crowds was consider ok for event like this.
there are basically 2 seminar halls. one was rather small (if u were there, u will know which one i referring to). because of the small seminar size, people was seen standing outside of the seminar hall. me? i skipped most of the seminars.

nevertheless there are alot of freebies to be grab. UOB Asset Management actually hired llao llao for free frozen yogurt to be given away. from the moment i reached the hall till the time i left the hall, the q is everlasting. another highlight is the free coffee booth by OWL Cafe. free coffee with every coupon exchange (found inside the goodie bag). not much q for the coffee. =)

overall, i collected alot of goodies from the event (see below) haha. and basically the only knowledge i took away is that FSM is offering 0% sale charge promotion from 11th June to 17th June 2016. with this, i declare a fruitful trip ! haha.

Go Keppel Go !!!

With reference to below link,

Keppel Fels set to bag US$500m contract.

in short, it is not firm yet but likely to secure the contract.

as a shareholder of Keppel, of course i hope it gets it. haha

go Keppel go !!!

http://www.businesstimes.com.sg/companies-markets/keppel-fels-set-to-bag-us500m-contract?xtor=EREC-16-1[BT_Newsletter_1]-20160610-[Keppel+Fels+set+to+bag+US%24500m+contract]&xts=538380

Few update for 9th June 2016

SPH Real Estate Investment Trust (REIT) has the lowest gearing level of 25.7% among the 27 Singapore-listed REITs and six stapled trusts in the March quarter, a Singapore Exchange survey shows.

Mapletree Industrial Trust, Frasers Centrepoint Trust, CapitaLand Retail China and BHG Retail REIT all have gearing levels of below 30%.

UOB Kay Hian is keeping its “buy” call on ST Engineering with a $3.50 target price. The research house cites the “leadership” role the engineering service provider. The recent trial contract win for amphibious combat vehicles from the US Marines could further pave the way for more orders, boosting growth, it says. UOB also notes the company's capabilities in data analytics and cybersecurity which should eventually drive earnings growth compared with other industrials.

UOB Kay Hian has maintained its “buy” recommendation for Raffles Medical Group with an unchanged target price of $1.70. Here are the 5 reasons UOB Kay Hian believes Raffles Medical is “setting the stage for long-term growth”:

1) Priming for the big launch through acquisitions

2) Shanghai hospital project on track

3) Ensuring quality through group practice model

4) Continued growth at home market

5) Staff costs to remain elevated but not surprising

GLP has acquired an 89.0% interest in 2 assets

Global Logistic Properties, in short GLP has acquired an 89.0% interest in each of Beijing Youshan Hengrong Yanong Investment Management and Beijing Youshan Hengrong Shengyue Investment Management for a cash consideration of RMB 448m (approx. US$68m).

some of its properties in China, Japan, US and Brazil.
all damn chio! haha

Late Post: Viva Business Park Site Survey

as many had know, one of key assets under Viva i Trust is undergoing major AEI.
use to call Chai Chee @ Technopark,
currently renamed to become Viva Business Park *nice name, thumb up*

being a shareholders of Viva I Trust,
i decided to go down and take a look since i always believe the concept of "you must know what you are buying" haha.

slide obtained from http://www.vivaitrust.com/investor_slides.html
the AEI is separated into 3 main phases
Phase 1: had completed and were fully leased *swee la
Phase 2: obtained TOP on 4th May 2016, not sure what is the status. open? fully leased?
Phase 3: will only finish in Q3 2016.

Phase one is the place where Decathlon Singapore is located and basically my gf and i walk around phase 1's area only. Saw Owl Cafe (yet to open), True Fitness's staffs prompting around the area outside Decathlon and a Dart's cafe/pub (open).

as for Decathlon, store is really huge. the store looks like some giant supermarket or Ikea, the only different is that it only sells sport related stuffs. one thing i must say is that the things they sell is really cheap. even my gf says she will come back again for the items they selling. quite a lot of people on that day (weekend). thumb up!

below are some of the pictures i took using my gf's HP.
yes i m using a non camera hp. =)

Update for May 2016

went to check on the meaning of harvest and this is the answer i got from 
http://www.merriam-webster.com/dictionary/harvest

Definition of Harvest: the season when crops are gathered from the fields or the activity of gathering crops.

and for me, month of May is the season when my crops (money) are gathered. haha

crops collected for the month of May

Kepcorp $286

Starhub $100

ARA $70.20

ST Engg $200

Breadtalk $45

Sembmar $200

SPH Reit $84

Comfortdelgro $50

Sembcorp $60

QAF $120

Secura $30

Suntec Reit $71.13

ThaiBev $48.16

Sheng Siong $87.50

Starhub $100

Cache Log Trust $61.17

Frasers Centerpoint Trust $60.78

FEHT $54

Viva i Trust $137.59

Stock Portfolio $1865.53

Unit Trust Portfolio $229.09

Interest/Caurosell/Rebate $101.86

Total for the month of May: $2196.48

with this, i would like to leave you guys with one of my favourite quotes

“The best time to plant a tree was 20 years ago.
The second best time is now.”
– Chinese Proverb

for me...

sit back, relax and wait for the next harvest.

What next? wait for the "pivot point" where my passive income > expenses which mean I had achieve my financial freedom!!!

looking forward. = )

Continue to believe,

Eric