Keppel Singmarine to build $100 mil worth of dredgers

In times like this, still being able to win contract.
Come I clap for you. *Clap clap*

Raffles Medical plans to spend S$1b to expand in Asia

SPH REIT 3Q DPU up 0.7% to 1.36 cents

SPH REIT reports DPU in 3Q16 increased 0.7% to 1.36 cents on the back of higher rental income achieved from Paragon.

One of thing I like about SPH REIT is its Good management. Although SPH REIT has only 2 properties under its portfolio, the management has since been trying hard on AEI to free up space to build more shops for rental. Below are examples.

“The Asset Enhancement Initiative involving the decanting of Air Handling Units at Paragon are progressing well and we have secured tenancies for all the newly created units ahead of its opening end of this year,” says Susan Leng, CEO of SPH REIT Management.

“We have received strong demand from retailers for the reconfiguration of Basement 1 at The Clementi Mall,” she adds. “The revamped food cluster will be a refreshing destination for our shoppers.”

really hope SPH REIT will acquire Seletar Mall from its sponsor this year. had been saying this in their outlook presentation for many quarters. *disappointed

Keppel’s offshore and marine unit secures projects worth $120m

Keppel Offshore & Marine’s wholly owned subsidiary Keppel Shipyard has secured four contracts worth a total of about $120 million from repeat customers, says Keppel Corp in a aftermarket filing on Thursday.

it all started with a vision

and today Keppel Shipyard @Tuas

Viva Industrial Trust Initiate with BUY by OCBC

Reference from OCBC Investment Research

Viva Industrial Trust (VIT) is a Singapore-focused REIT which primarily invests in business parks and industrial real estate assets. The combined market valuation of VIT’s portfolio is S$1.2b, including its latest acquisition of 30 Pioneer Road in April, with the majority in business park assets (58.1%).

Looking ahead, we project VIT’s distributable income to increase by 27.0% in FY16 and 6.2% in FY17. DPU is expected to decrease 1.2% to 6.916 S-cents in FY16, before increasing 6.9% to 7.392 S-cents in FY17.

We value VIT using the dividend discount model (DDM) and derive a fair value estimate of S$0.75 (cost of equity: 9.0%; terminal growth rate: 0%). Based on yesterday’s closing price of S$0.705, VIT is currently trading at a forward FY16F DPU yield of 9.8% and a FY17F yield of 10.5%.

Maybank & Daiwa Rating for Sheng Siong Group

Maybank is keeping its “buy” call for Sheng Siong Group,
with a target price of $1.12 

While Daiwa is sticking with its “outperform” rating 

with a target price of 97 cents.

dont need say much, just follow the above pic.
Thumbs up! haha

DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.

Source from DBS Group Research 

DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.

According to lead analyst Mervin Song, the REIT provides investors with the opportunity to invest freehold properties in US. Manulife’s initial portfolio includes three Class A or Trophy buildings, namely Figueroa in Los Angeles, Michelson in Orange County, and Peachtree in Atlanta.

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