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Choo Hao Xiang
Part of the equities research team of Shares Investment, Hao Xiang covers major sectors such as the consumer goods and hospitality industries. He has written numerous articles for Shares Investment on topics ranging from investment to analysing a company’s health. Hao Xiang also fervently monitors market moving events which could impact the general market, and his portfolio.

He holds a degree in Economics and Finance from Royal Melbourne Institute of Technology and is currently taking the Financial Risk Manager examinations under GARP.

No. of Articles : 151
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Stock market

Sustainability Rules

At first glance, fast growth in top and bottom lines seems to be the ideal position for any company to be in. Who doesn’t favour growth?

  • 03 July 2015
  • Editorial Desk
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    Stock market

    How Does One Achieve Success?

    Behind every success, however, is the continuous effort and dedication to one’s work amidst a host of challenges. How does one achieve success?

  • 19 June 2015
  • Editorial Desk
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    Stock market

    Editorial Desk

    Where should investors put their money to work? This is certainly one question many are interested to know the answer to.

  • 05 June 2015
  • Editorial Desk
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    Stock market

    Editorial Desk

    Everyone should know by now that the Chinese market is the best performer in the world over the past year.

  • 22 May 2015
  • Editorial Desk
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    Stock market

    Editorial Desk

    Cash is king. Now don’t be so hasty to dismiss this statement just because of the current low interest rate environment.

  • 08 May 2015
  • Editorial Desk
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    HLS

    Hock Lian Seng: Uncovering 5 Driving Forces Behind Record Earnings

    Shareholders of Hock Lian Seng Holdings could not be happier with how 2015 started for the construction player. HLS achieved record highs on two fronts that shareholders are most concerned about – earnings and share price.

  • 08 May 2015
  • Corporate Digest
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    deleum

    Deleum: Why This Market Leader With 70% High-Quality Income Is On Analysts’ Radar

    Deleum was not spared from the sell-off in oil stocks. Yet, there was no noticeable damage to the firm, which went on to post record earnings. Does this represent an opportune time to invest?

  • 28 April 2015
  • Bursa Malaysia, Malaysia Corporate Digest
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    Editorial Desk

    With the earnings season around the corner, investors will soon be flooded with companies’ performance filings.

  • 24 April 2015
  • Editorial Desk
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    Editorial Desk

    One of the most important questions to ask when investing is how a company rewards its stakeholders. Well, there are generally three ways.

  • 10 April 2015
  • Editorial Desk
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    Berjaya Food

    Berjaya Food Returns 86% In A Year, Is There Any Steam Left?

    Double-digit year-over-year gains since 2011 listing. Is it to be too expensive to make an entry or will investors miss the boat again?

  • 31 March 2015
  • Bursa Malaysia, Malaysia Corporate Digest
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    Editorial Desk

    It is with great sadness that the nation learnt of the passing of Mr Lee Kuan Yew, our founding Prime Minister, earlier this week. As we mourn as a nation, we pay tribute to the man behind Singapore’s economic success and prosperity.

  • 27 March 2015
  • Editorial Desk
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    Editorial Desk

    The past month saw investors bombarded with earnings reports. Needless to say, net profit numbers tend to occupy the headlines. Good sentiments usually follows increased earnings and vice versa.

  • 13 March 2015
  • Editorial Desk
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    Emerging market

    3 Key Things To Note When Analysing Funds

    Investment returns. More often than not, it is the main talking point regardless of investment types. The same applies to mutual funds.

  • 13 March 2015
  • Perspective
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    AWC image

    AWC: Cash 90% Of Market Capitalisation

    Cash is king. AWC’s cash pile accounts for nearly 90% of its market capitalisation. Good or bad?

  • 03 March 2015
  • Bursa Malaysia, Malaysia Corporate Digest
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    Stock market

    Editorial Desk

    Budget 2015 was the talk of the town last week. Aimed at providing citizens with greater assurance at each stage of life, more opportunities, and a better home, the measures meted out were part of a bigger picture.

  • 27 February 2015
  • Editorial Desk
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    Dutch lady

    Dutch Lady Milk Industries: Milking The RM3b Cash Cow

    Milk is an excellent source of nutrients and makes a significant contribution to meeting the body’s needs. Does the inclusion of a milk producer in a portfolio give the same results?

  • 06 February 2015
  • Bursa Malaysia, Malaysia Corporate Digest
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    Editorial Desk

    Kicking off this issue is a highlight of the prospects of Malaysia’s leading dairy producer, Dutch Lady Milk Industries. The company recently bagged the company of the year 2014 as well as the best performing stock under the consumer products sector awards from The Edge Billion Ringgit Club. What is driving this powerhouse and can shareholders expect such showings going forward?

  • 06 February 2015
  • Editorial Desk
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    Editorial Desk

    For those who are invested in the Singapore equities market, you probably have received a letter from Magnus Bocker earlier this month. The letter details new initiatives the Singapore Exchange is rolling out this year to boost retail participation.

  • 23 January 2015
  • Editorial Desk
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    Editorial Desk

    2015, here we come! We at Shares Investment wishes one and all a smooth sailing and prosperous year ahead!

  • 09 January 2015
  • Editorial Desk
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    winners and losers

    Winners And Losers Of Malaysia Stocks In 2014

    As we set foot into 2015, it is a good time for us to review what has happened in the past 12 months for the Malaysia stock market. Who are the winners and losers?

  • 06 January 2015
  • Bursa Malaysia, Malaysia Perspective
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    Editorial Desk

    2014 has been a year of yield plays. The uneven global recovery, low interest rate environment, geopolitical tensions have sent investors seeking stocks that offer relatively decent dividend yields, providing a form of passive income.

  • 26 December 2014
  • Editorial Desk
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    Spritzer thumbnail

    Spritzer: Extending 13 Years Of Uninterrupted Growth

    Spritzer achieved uninterrupted revenue growth for 13 years straight. Will the company’s growth momentum continue?

  • 18 December 2014
  • Malaysia Corporate Digest
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    Editorial Desk

    It is that time of the year again. As we are nearing the end of 2014, many will be looking for directions on what positions to take in the stock market next year. Investing ideas are abound as multiple research houses have issued stock pick strategy reports.

  • 12 December 2014
  • Editorial Desk
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    B6711

    Why Is OSK Still Cheap After A 35% YTD Gain?

    What are the upcoming two catalysts for OSK that makes the company look undervalued even after a more than 30% year-to-date gain?

  • 02 December 2014
  • Bursa Malaysia, Malaysia Corporate Digest
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    Editorial Desk

    The surprise event for the past fortnight was no doubt the borrowing cost cut by China’s central bank. The reduction of both the lending and deposit rates was aimed at cushioning the second largest economy’s fall from historical double-digit growth rates.

  • 28 November 2014
  • Editorial Desk
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    Editorial Desk

    Buy and hold is one of the oldest investment strategies there is when it comes to stock investing. Is it effective?

  • 14 November 2014
  • Editorial Desk
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    Dairy Farm

    Tug-Of-Fools: Dairy Farm International Holdings

    Welcome to the collaboration between Shares Investment and Motley Fool Singapore where two opposing analysts will present their case about a side of a specific stock.

  • 14 November 2014
  • Corporate Digest
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    Dairy Farm - mannings

    Tug-Of-Fools: Dairy Farm International Holdings – The Bear Argument

    Armed with an impressive decade-long track record, Dairy Farm saw its shares ballooned over 400 percent in the last 10 years. Will this growth trajectory continue unabated?

  • 14 November 2014
  • Corporate Digest
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    Editorial Desk

    Picking the right investment strategy that helps you achieve your goals is crucial. One of the most widely-used investing approach is top-down investing.

  • 31 October 2014
  • Editorial Desk
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    Editorial Desk

    It has largely been an uneventful year so far for the Singapore market. For the last six months, our local benchmark, the Straits Times Index, was spending most of its time in the range of 3,200 to 3,300. Year to date, the STI gained about 1 percent.

  • 17 October 2014
  • Editorial Desk
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    Editorial Desk

    The third quarter earnings season is about to start. Companies like SPH REIT, Singapore Press Holdings and Keppel REIT are scheduled to release results within the next two weeks.

  • 03 October 2014
  • Editorial Desk
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    Nordic Group

    3 Reasons Why You Should Take A Second Look At Nordic Group

    Nordic Group brought a cash cow under its wings in 2011. Coupled with an expected upswing in the shipping industry, it is high time that investors have a relook at the stock which is trading at a discount to book value.

  • 19 September 2014
  • Corporate Digest
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    Nordic Group

    2 Reasons Why Nordic Group’s Orderbook Will Continue To Grow

    Nordic’s orderbook has surpassed its previous year-end figure. It is expected to continue growing. Here’s why.

  • 19 September 2014
  • Corporate Digest
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    Editorial Desk

    Managing market adversity is part and parcel of portfolio management. When faced with challenges, one would need to make certain adjustments to tide over. When handled well, such actions will help one to be successful in the market over the long term.

  • 19 September 2014
  • Editorial Desk
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    Editorial Desk

    Following a lacklustre first half, the initial public offering market swung into high gear in the third quarter. In just two months from July to August, we saw nine firms go public. A total of $1.4 billion was raised in July and August, more than doubled the $662 million in gross proceeds raised in the first half.

  • 05 September 2014
  • Editorial Desk
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    TEHO

    TEHO International: Growth Through Diversification Into Real Estate

    After five years, TEHO has decisively shed its affiliation of being just a supplier of rigging and mooring equipment. Its recent foray into property development and investment has churned out positive initial results. Is this the start of a new growth chapter?

  • 22 August 2014
  • Corporate Digest
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    Editorial Desk

    Diversification has always been advocated as a portfolio strategy that helps to reduce unsystematic risks. It also effectively reduces the dependence on the performance of a single investment.

  • 22 August 2014
  • Editorial Desk
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    Editorial Desk

    Buy low, sell high. We are often told that’s what is behind successful investing. Seemingly a no-brainer, it is in reality the toughest rule to follow. That is because you would need to know where the bar is at to determine your entry and exit points.

  • 08 August 2014
  • Editorial Desk
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    Editorial Desk

    Before the earnings season moved into full swing last week, there were calls that performances of Singapore firms are going to be muted. So far, that prediction has not work out.

  • 25 July 2014
  • Editorial Desk
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    GLP Thumbnail

    Highlights Of GLP 2014 AGM

    Find out what the shareholders of this modern logistics facilities provider are worried about and what lies ahead for the company.

  • 23 July 2014
  • Corporate Digest
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    Starburst

    5 Things You Should Know About Starburst IPO

    Imagine owning part of a business that economic conditions have the least bearing on. Yes, recession proof. Wouldn’t you want it?

  • 11 July 2014
  • Initial Public Offering
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    Editorial Desk

    In life, things often do not go as planned. Much as a goal is in place, the path is definitely not clear-cut.

  • 11 July 2014
  • Editorial Desk
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    Editorial Desk

    While we saw heightened merger and acquisition activities in Singapore, it has been a very quiet half for the initial public offering market.

  • 27 June 2014
  • Editorial Desk
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    Editorial Desk

    It is human nature to be somewhat obsessed with predicting the future. Be it forecasting weather conditions, stock price direction or who will emerge triumphant in the World Cup 2014 tournament.

  • 13 June 2014
  • Editorial Desk
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    Old Chang Kee

    What’s Next For Old Chang Kee After Record Performance?

    Mention curry puff and many would associate the tea-time snack with Old Chang Kee (OCK). After all, the selling of its signature pastry was how it all began for OCK.

  • 05 June 2014
  • Corporate Digest
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    Editorial Desk

    The financial market is run by two emotions – greed and fear. Being under the influence of either one can bring about detrimental impacts on one’s portfolio.

  • 30 May 2014
  • Editorial Desk
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    800px-SBS_Transit_Volvo_B10M_MK_IV_Strider

    Competitive Tender: How Smooth Will The Transit Be For SBS?

    So, we’ve seen shares of SBS Transit fly by some 23.6 percent after an industry restructuring which will involve the government was announced. Feasible? Absolutely.

  • 27 May 2014
  • Corporate Digest
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    Editorial Desk

    There are a number of forces behind a stock’s price action. For the next few weeks, the main driver would likely be the earnings performance. More specifically, it will be how a company’s actual results stack up against expectations.

  • 16 May 2014
  • Editorial Desk
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    Editorial Desk

    As we bid goodbye to the month which saw the Straits Times Index (STI) climb past 3,200 points for the first time this year, one has to wonder if that level will be breached again any time soon. After all, we are heading into the selling season.

  • 02 May 2014
  • Editorial Desk
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    Stock market graph

    STI Plunges To One-Month Low; Downtrend Gaining Momentum

    Just when it seemed like the Straits Times Index is making its way back into positive territory year-to-date, a series of adverse developments put the brakes on and had the local benchmark in reverse gear.

  • 21 March 2014
  • Singapore Market Commentary
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    Raffles Medical Group

    Tug-Of-Fools: Raffles Medical Group – The Bull Argument

    If you think that defensive stocks are boring, think again. Stakeholders of Raffles Medical Group would definitely frown at that judgement. Since the firm was listed in 1997, it has been yielding a respectable compounded annual growth rate of 12 percent.

  • 07 March 2014
  • Corporate Digest
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    iStock_000011790485Small

    Tug-Of-Fools: Raffles Medical Group

    Ever wondered what Investment moats and risks Raffles Medical Group, the largest private group practice in Singapore have? Find out what merits and risks you need to know about this giant.

  • 07 March 2014
  • Corporate Digest
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    Investors’ Corner (CSE Global, Golden Agri-Resources, Pacific Radiance, UOL Group)

    Pacific Radiance is more than just a vessel owner and operator. The firm also manages the construction of most of its new-builds at third-party shipyards. This enables it to lower its vessel acquisition cost, thus giving it a sustainable advantage over vessel owners that purchase their assets from trading companies. We forecast FY14F and FY15F net profits of US$67.2m and US$83.6m respectively, driven by expansion of its fleet to 79 vessels from 59 by end-2015, as well as annual gains from sales of vessels.

  • 06 March 2014
  • Investors' Corner
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    Editorial Desk

    Turbulence. No one likes it, regardless when you are flying or investing in the equity markets. Perhaps that was why the local market had been relatively quiet so far this year. The turbulence stemming from emerging markets worries, mixed economic indicators from the US, and uncertainty about China’s future growth had kept investors sidelined. However, you and I both know that volatility is not going away. Not now, not ever.

  • 21 February 2014
  • Editorial Desk
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    thumb- index

    STI Poised For Worst December Performance Since 2002

    Five trading days. That is how little the amount of time we have until the New Year. Coupled with the holiday mood that is kicking in, it seems that the Straits Times Index (STI) is poised to register its worst performance in the month of December in more than a decade.

  • 20 December 2013
  • Singapore Market Commentary
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    Young business man in panic with down arrows

    Lessons From The Penny Stock Crash

    It has been two months since the penny stock crash. Still, the market is reeling from the repercussions. This issue, Shares Investment looks into the potential red flags that could prompt second looks as well as ways to avoid getting oneself into a sticky situation.

  • 06 December 2013
  • Education
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    72 - Editorial Desk

    Editorial Desk

    As we stepped into the last month of the year, investors cannot help but wonder if Santa Claus will be coming to town this year. Considering how the Straits Times Index has performed since October, who can blame them?

  • 06 December 2013
  • Editorial Desk
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    stock picks 1

    3rd Quarter Stock Picks: In House Selections

    For the fourth quarter of 2013, we are making one change to our in house line-up. Find out which stock we switched as well as the catalysts behind our selections.

  • 25 October 2013
  • Perspective
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    Experts' Picks

    3rd Quarter Stock Picks: Experts’ Picks

    In the previous quarter, we featured investment experts, Collin Seow and Willie Tan like for 2013. We bring you their reviews, and what’s changed.

  • 25 October 2013
  • Perspective
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    dreamstime_l_20062740

    2013 Stock Picks: 3rd Quarter Drilldown

    Most stocks saw a very volatile season as we witnessed the adjourning of the scraping off of QE, what’s happening to the stocks we picked last quarter, and how did they fare?

  • 25 October 2013
  • Perspective
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    thumb-market-commentary

    US Debt Battle Ends STI’s Best Week Run

    After enjoying the best week year-to-date for the 5-day period ended 20 Sep-13 with an impressive 3.8% gain, the Straits Times Index was brought back to Earth. Excitement about the US Federal Reserve staying its QE course died down and the focus was shifted to the US debt ceiling.

  • 27 September 2013
  • Singapore Market Commentary
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    Editorial Desk

    Volatility. While the word is broadly attached with negative connotations, one cannot discount the fact that price volatility can turn out to be more of a friend than a foe.

  • 13 September 2013
  • Editorial Desk
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    thumb-market-commentary

    STI On Longest Losing Streak Since 2002

    There was not much to cheer about in the second half of August. The Singapore market was mired in red ink as the Straits Times Index went on its longest losing streak in 11 years. In a 10-day loss which ended on 28 August, the local benchmark shed over 240 points or about 7.5% as it fell to a nine-month low.

  • 30 August 2013
  • Singapore Market Commentary
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    Sin Heng

    Sin Heng Enjoys Fruitful Year; Postures For A New Breakthrough

    Sin Heng had a banner year in FY13. Earnings surged 45.1 percent year-on-year. What were the driving factors behind the stronger performance and what does the company have up its sleeve to sustain its growth?

  • 30 August 2013
  • Corporate Digest
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    2Q13 review

    2013 Stock Picks: Second Quarter Review

    Does the recent correction open up any opportunity? As we round up how the stock picks fare over the second quarter, we would be presenting new picks for this quarter.

  • 26 July 2013
  • Perspective
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    Picture of a pen and smartphone on a stock chart.

    Investors’ Corner (Bumitama, CoscoCorp, THBEV, UOB)

    After the recent correction, United Overseas Bank is now trading at its 5-year historical mean PB of 1.33 times. UOB’s local peers are however trading above their mean PB. We think that UOB should be trading above its mean PB, similar to its local peers.

  • 12 July 2013
  • Investors' Corner
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    Market Commentary 459

    STI Goes Back To Square One

    In the short term, the stock market behaves like a voting machine, but in the long term, it acts like a weighing machine. This saying by Benjamin Graham aptly described June showing. After spending five months hiking up, stocks were playing a game of seesaw in June. At the halfway mark, the Straits Times Index found itself right back at where it started the beginning of 2013.

  • 28 June 2013
  • Singapore Market Commentary
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    Smog at Hazardous as Singapore Spars With Jakarta on Fires

    Healthcare In Singapore: Hazy Or Healthy?

    Medtecs International Corporation, a manufacturer of medical consumables (including N95 masks), saw a surge in buying activities. The firm’s share price gained a massive 51.7 percent from $0.06 on 14 June to $0.091 on 21 June

  • 28 June 2013
  • Perspective
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    72 - Editorial Desk

    Editorial Desk

    Five years on, investors are still scratching their heads over whether the global economy is in crisis mode. While the world economy is on the mend, albeit slow and uneven, governments have been hesitant to change stance. Interest rates have been kept at record lows while monetary policies continued to be highly accommodative.

  • 14 June 2013
  • Editorial Desk
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    Question mark

    Are You Investing In The Right Trust?

    While yield plays are the hot favourite in this low interest rate and high liquidity environment, most of the action has been on REITs instead of the lesser known business trusts. Are investors of business trusts in danger of being left behind?

  • 31 May 2013
  • Education
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    iStock_000013204591Medium

    Sell In May And Go Away: Keep Or Ditch?

    The month of May has seen a bullish trend across the globe. Led by the groundbreaking US market, regional markets began the dreaded month with much vigor. The question then arises, should you sit tight or bail on your equity holdings?

  • 17 May 2013
  • Perspective
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    iStock_000001514066XSmall

    SI’s Delicate Picks: First Quarter 2013 Review

    Outperformance – that was what all three SI picks have in common. What are the reasons behind and what factors should investors look out for going forward?

  • 03 May 2013
  • Perspective
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    Investors’ Corner (K-Green Trust, Singapore Airlines, Singapore Exchange, Yongnam Holdings)

    We estimate that K-Green Trust’s partial return of capital makes up about 68% of its overall distributions, implying that its true free cash flow yield is merely a low 2.2%.

  • 19 April 2013
  • Investors' Corner
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    thumb-market-commentary

    STI Starts Second Quarter On 5-Year High

    The Singapore market took a step further after ending the first quarter on a fresh high. In addition to the new record $949.4b in total market value of firms listed on the Singapore Exchange in Mar-13, the local benchmark Straits Times Index mirrored its US counterparts to achieve its best finish in 5 years as the second quarter got underway.

  • 05 April 2013
  • Singapore Market Commentary
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    ThaiBev

    Thai Beverage: The “In” Entity

    Chang Beer manufacturer Thai Beverage replaced IHH Healthcare as a STI constituent on 18 March. Find out what awaits the company from this point onwards.

  • 22 March 2013
  • Corporate Digest
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    Headliners (BBR Hldg, SGX, TigerAir, TTJ)

    BBR Holdings (S), a local construction group, announced that it had clinched $61.6m worth of new contracts between Nov-12 and Jan-13.

  • 08 March 2013
  • Headliners
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    thumb-market-commentary

    STI Greets Year Of Snake With A Bang

    Investors were in for a treat as they welcomed the Year of the Snake. The Straits Times Index reached a new 28-month high a few days after markets reopened following the Lunar New Year holiday. But the party was cut short as caution started to set in amid news that the US Federal Reserve may scale back its economic stimulus

  • 22 February 2013
  • Singapore Market Commentary
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    OEL_thumb

    Overseas Education: Bringing Out The Value Of Education

    Since the global financial crisis, education-related stocks have fallen out of favour with investors. But it is a different story for newly-listed Overseas Education.

  • 22 February 2013
  • Initial Public Offering
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    Concept of a plant and a lot of golden coins isolated on white background

    Small Caps: Where The Real Action Is

    Finishing the year 2012 with a return of 30.7 percent, the FTSE ST Small Cap Index got onto the podium as the top three stars of the FTSE ST Index Series. Will there be a rerun in 2013?

  • 01 February 2013
  • Perspective
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    SMRT_thumb

    SMRT Shares Down To Five-Month Low After Downgrades

    Rail operator SMRT Corporation saw its shares remain on a downward trend as selling pressures mounted after analysts pared their target prices for the stock.

  • 31 January 2013
  • Corporate Digest
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    iStock_000003745341Small

    2013 Market Outlook And Stock Picks: SI’s Favourites

    After listening in on the market experts’ views, join us as we uncover Shares Investment’s hot favourites in 2013 in this second episode of the stock picks feature.

  • 18 January 2013
  • Perspective
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    CMT_thumb

    CMT Closes FY12 With Improved Results; Asset Enhancements Bare Fruits

    CapitaMall Trust reported a 5.7 percent growth in distributable income to $79.8 million for the quarter ended 31 December 2012. This came on the back of a 10 percent rise in gross revenue to $173.7 million.

  • 18 January 2013
  • Corporate Digest
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    iStock_000007519885Small

    Latest Property Curbs To Put Singapore Banks On Better Credit Standing

    The new package of measures designed to cool the local property market have put a dampener on property developers, but there may be something to cheer about where the banks are concerned.

  • 17 January 2013
  • Perspective
  • Back to top
    SONY DSC

    Kori Holdings: Laying The Right Foundation

    Kori Holdings, a multi-discipline engineering and construction services firm, recently went public as it got its shares to list on the Catalist board of the Singapore Exchange. The company which started out as a general sub-contractor in 1982, continues to stay true to its strength.

  • 21 December 2012
  • Initial Public Offering
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    thumb-market-commentary

    Early Christmas Gift For Markets

    Market prayers were answered. That seemed to be the case for the past fortnight as most of the regional indices ended in positive territories.

  • 07 December 2012
  • Singapore Market Commentary
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    Thumbnail

    Banyan Tree’s 3Q Losses ‘No Surprise’; New Brand In The Pipeline

    Banyan Tree Holdings turned in results that were within projections for the July to September period. In the period, the Singapore-listed premier provider in the luxury hospitality scene posted revenue growth of 18.8 percent while it continued to suffer losses, albeit a 3.9 percent decrease for the quarter.

  • 14 November 2012
  • Corporate Digest
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    DeClout - More Than Just A Tech Company

    DeClout: More Than Just A Tech Company

    Nothing perks people up like the mention of the “cloud” in this Internet age. But how many of us actually know what it is? Not many, we suppose.

  • 09 November 2012
  • Corporate Digest
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    TA Corporation

    TA Corporation Takes In Stride Housing Measures

    It has not been that long since TA Corporation went public. Nearing its first year anniversary on the Singapore Exchange, the property and construction group specialising in the middle and upper middle market recently saw its share price achieve a record high.

  • 25 October 2012
  • Corporate Digest
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    thumb-market-commentary

    Triple Challenge Continues To Haunt Markets

    Now you see it, now you don’t. As swiftly as the Straits Times Index trekked upwards beyond the 3,100 mark, a level not seen for more than a year, lingering worries about 3 major regions whopped the local bourse back to levels prior to the QE3 announcement.

  • 12 October 2012
  • Singapore Market Commentary
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    thumb-444-conference

    SIC 2012 Concludes With A Big Bang

    Timing is a powerful determinant. And it could not have been better with the announcement of another wave of quantitative easing taking place right before the Shares Investment Conference 2012 (Chinese).

  • 28 September 2012
  • In the Spotlight
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    thumb-442-civmec

    CIVMEC Boom: Is There More Steam Left?

    BHP Billiton’s poor full year earnings and the delay of its A$30 billion Olympic Dam expansion project in South Australia have drawn strong adverse reaction from the market.

  • 31 August 2012
  • Corporate Digest
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    mike

    Mastering The Trading Game With Mike Bellafiore

    As one learns from watching the highly anticipated 100-metre event at the Olympic Games 2012, it is that anything can take place within 10 seconds.

  • 17 August 2012
  • In the Spotlight
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    Investors’ Corner (ARA, Genting SP, F&N, SuperGroup)

    ARA’s 1H12 PATMI (profit after tax and minority interest) of $35.3m (up 20% y-o-y) formed about 48% of our full year estimate.

  • 17 August 2012
  • Investors' Corner
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    20120815-Wilmar-1

    Wilmar: Ahoy! Full Speed Ahead For 2H12!

    It was written all over Kuok Khoon Hong’s face – confidence. Bombarded by questions about the challenges Wilmar International is and will be facing in its oilseeds and grains segment in China during its earnings conference earlier today, the chairman of the group calmly commented “if there is anyone who can survive in China, I believe we will be one of them.”

  • 15 August 2012
  • Corporate Digest
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    China property

    Chinese Property Market Continues To Fall: Has Pan Hong Got It All Panned Out?

    Doom and gloom may seem like the coined phrase people are using to sum up the current property market in China.

  • 07 June 2012
  • Corporate Digest
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    thumb-robert-kiyosaki

    Up Close With Robert Kiyosaki: Bringing The Unfair Advantage Into The Financial World

    Knowledge is the new money. That is the mantra Robert Kiyosaki – the man behind bestseller Rich
    Dad Poor Dad – holds dear. As an avid advocate of financial literacy, Kiyosaki has always been
    doing what he loves. His passion for financial education has led him to a series of New York Times
    Bestsellers, including Conspiracy of The Rich: The 8 New Rules of Money and Unfair Advantage
    being his latest book.

  • 25 May 2012
  • In the Spotlight
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    thumb-gph

    Global Premium Hotels: Where Value For Money Takes On A New Definition

    Gone were the days when people shun ‘budget’ hotels due to the association of being simply ‘cheap’. Tagged the low frills hotels nowadays, what these facilities offer in terms of comfort, service and accessibility more than caters to travelers’ basic needs.

  • 27 April 2012
  • Initial Public Offering
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    thumb-dragon-stocks

    March Pitstop: SI Portfolio One Up Against STI

    On the 30th day of December 2011, we made a wager. A wager that would have us lock horns in an epic clash with the Straits Times Index (STI). In a first by our team at Shares Investment, we pit our skills and knowledge of locally listed counters against the broad market, championed by the STI.

  • 13 April 2012
  • Perspective
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    thumb-ta-corp-sg-431

    Promising Outlook For TA Corporation Despite Increase In Policy Risk

    Unexpectedly, robust buying momentum in new private homes continued into February despite the fifth round of cooling measures implemented in December 2011 by the Singapore government. Property developers continued to see strong primary home sales in February, posting a whopping 51 percent month-on-month increase to a record of 3,138 units.

  • 30 March 2012
  • Corporate Digest
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    thumb-oil-barrel-cash-bag

    Surging Oil Prices: Spluttering Transport Engines Shift To Low Gear

    Oil prices at US$106 per barrel. The psychological barrier of US$100 per barrel had been broken.

  • 16 March 2012
  • Perspective
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    thumb-banyantree

    Banyan Tree Holds Steady Despite A 92% Plunge In Full-Year Net Profit

    Shares of Banyan Tree Holdings were little changed today from Thursday’s close even as the company’s full-year report card indicated a 92 percent tumble in earnings.

  • 24 February 2012
  • Corporate Digest
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    thumb-Europe

    Mixed Reactions To Greece’s Second Bailout Win

    Eurozone finance ministers have given Greece the nod to the long-awaited rescue fund amounting to 130 billion euros that will seal up Athens’ immediate repayment needs.

  • 21 February 2012
  • Perspective
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    Chemoil Energy Surges On Glencore’s Stake Rise

    You know something is up when the share price and trading volume of a particular counter spikes. Stock of Chemoil Energy hiked as much as 39.2 percent to an intra-day high of US$0.355 on 8 February from the previous day close of US$0.255 before trading was halted.

  • 09 February 2012
  • Corporate Digest
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    Nomura Puts F&N On Review

    Nomura issued a note dated 3 February, Friday, saying that it will be reviewing its forecasts for Fraser & Neave (F&N). This was following a dismal 1Q12 performance by its 56.43%-owned F&N Holdings.

  • 06 February 2012
  • Corporate Digest
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    CapitaCommercial Trust: Flourishing Fresh Look Through Asset Revitalisation

    CapitaCommercial Trust (CCT) prides itself as Singapore’s first commercial real estate investment trust (REIT) when it went public in 2004.

  • 03 February 2012
  • Corporate Digest
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    Creating A Diversified Portfolio To Minimise Your Risks

    In this current uncertain outlook, diversification is more important than ever in the portfolio construction process.

  • 30 December 2011
  • Education
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    Boer’s Cash Offer Gives SMB Investors A Chance To Review

    Boer’s cash offer of $0.32 apiece looks to add smiles to SMB’s shareholders. Priced at a premium of 16.4% over SMB’s share price of $0.275 on 28 October and a 9.2% premium to SMB’s net asset value as at 30 June, this might represent an exit opportunity for SMB’s stakeholders.

  • 02 December 2011
  • Perspective
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    Singapore: Little Dinghy Sailing In Rough Sea

    Talks of “Asia-decoupling” have surfaced yet again against the backdrop of an escalation in Europe’s debt debacle and fragile US recovery.

  • 18 November 2011
  • Perspective
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    CapitaMalls Asia: China Is The Name Of The Game

    For those who seek to benefit from the consumption shift while preferring to err on the side of caution, real estate investment trusts (Reits), or more specifically retail Reits, certainly qualify as potential considerations under such uncertain times.

  • 04 November 2011
  • Corporate Digest
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    Investors’ Corner (Salcon, Berjaya Corporation, Poh Kong Holdings, United Malacca)

    Salcon, through the Hydrotek-Salcon Consortium, was awarded a RM22 million deal for the construction of reservoirs for Phet Kasem and Rat Burana distribution pumping stations and related works, from Metropolitan Waterworks Authority.

  • 18 October 2011
  • Malaysia Investors' Corner
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    Oil Assets Infusion Paves Way For Loyz Energy’s Venture Into The O&G Industry

    From transportation to power generation, fuel is a necessity. Given the appealing nature of this primary source of energy, the demand for oil, though very sensitive to the state of the global economy, is one that few others can rival.

  • 07 October 2011
  • Corporate Digest
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    Worry About The Stock Market Crash? Let’s Go Have Some Drinks!

    With most equities trades mired in red ink of late, keeping any position afloat is an increasingly tough objective to meet. In addition to a potential U-turn in the global economic growth, the issues of going concern business entities, especially those in the banking industry, may face, bombarded market sentiments.

  • 23 September 2011
  • Perspective
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    Third Time’s The Charm For Quantitative Easing?

    Having waved goodbye to August, it is easy to understand why investors had ushered in the new month with great enthusiasm.

  • 09 September 2011
  • Perspective
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    Investors’ Corner (Leader, BP Plastics, MBS)

    Accounting for 52% of our full-year projections, Leader Universal Holdings’ (LUH) 1H11 performance was lifted by the adoption of the new accounting standard. Revenue surged 55.1% year-on-year (y-o-y) on the RM107.8 million contribution from its ongoing power plant construction. Higher cable & wire sales and a jump in metal prices also helped to boost LUH’s top line.

  • 29 August 2011
  • Malaysia Investors' Corner
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    Get Insulated With The Right Asset Allocation Policy

    As Mr Bear is out staging a bear-raid, it may no longer be a good idea to keep all your honey in a jar.

  • 26 August 2011
  • Education
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    Investors’ Corner (ARA, EzionHldg, Kep Corp, Sp Land, Yongnam)

    Despite 50% of ARA’s revenue being denominated in US$ and HK$, the firm’s 2Q11 net profit rose 17% year-on-year (y-o-y) to $14.7 million. That brought its 1H11 figure to $29.6 million (+18% y-o-y), 48% of our FY11 estimate. 2Q11 results were buoyed by a 6% increase in recurrent management fees on MBFC 1 acquisition and higher valuation of REITs under management.

  • 12 August 2011
  • Investors' Corner
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    Investors’ Corner (Asia Media Group, BSL Corp, Spritzer)

    Despite 2Q11 revenue sliding 4.8% quarter-on-quarter (q-o-q), Asia Media Group (AMC) managed to eke out a 1% rise in earnings to RM4.2 million. The improved results were largely attributed to a q-o-q growth of 46.4% in air time PBT on strong sales and high margin.

  • 10 August 2011
  • Malaysia Investors' Corner
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    Is China’s Growth Story Nearing An End?

    The ability of China sustaining its remarkable economic growth path has always been met with awe and optimism. Flourishing near two-digit growth rates over the past decade, China surpassed Japan as the world’s second largest economy last year, with the former’s gross domestic product (GDP) coming in at Rmb39.8 trillion.

  • 29 July 2011
  • Perspective
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    Investors’ Corner (First REIT, AscottREIT, Ezra, KepLand, Wilmar)

    First REIT’s (FREIT) 2Q11 results were within expectations. Drawing contributions from its two Indonesian hospitals acquired in Dec-10, revenue surged 75.3% year-on-year to $13.2 million.

  • 29 July 2011
  • Investors' Corner
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    Investors’ Corner (Areit, Hyflux, SembMarine, STX OSV)

    AREIT bought its sixth property in the International Business Park, Nordic European Centre (NEC), for $121.6m. Pegging to rentals for AREIT’s business-park assets, NEC’s initial yield of 6.2-6.3% is below its overall portfolio’s 6.5% net property income yield.

  • 15 July 2011
  • Investors' Corner
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    Investors’ Corner (Berjaya, Crescendo, Iris Corp, Scientex)

    Berjaya Land’s FY11 core net profit came in 11% below our forecast because of weaker-than-expected property earnings, the raise in pool betting duty and higher losses for its club division. For 4Q11, property segment’s EBIT saw a 38% y-o-y fall owing to poorer margins and lower sales.

  • 05 July 2011
  • Malaysia Investors' Corner
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    Global Investment Outlook Straight From The Experts

    When Nouriel Roubini talks, the world listens. I got to experience that first-hand at the Global Investors Forum 2011. Held at Raffles City Convention Centre on 11 June, the event, put in order by OCBC Securities, drew in a massive crowd, with participants seemingly eager for the start of the talks.

  • 16 June 2011
  • In the Spotlight
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    Ezion Capitalises On Liftboat Niche To Emerge As Dominant Offshore Support Services Provider

    Following a corporate restucturing in March 2007 and the decision to foray into offshore marine logistics and support services, Ezion Holdings Limited (Ezion) was exposed to many opportunities in the global offshore oil and gas industry. Since then, the company had embarked on this phase of growth in stupendous fashion.

  • 03 June 2011
  • Corporate Digest
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    Sound Global Makes A Splash On The Global Arena

    Once referred to as jailers, turnkey, defined as a kind of undertaking whereby a developer builds a facility and turns over to a purchaser in a ready-to-use condition, has become a popular market strategy for firms that have unique expertise. One such corporation is Sound Global.

  • 20 May 2011
  • Corporate Digest
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    Investors’ Corner

    In line with our expectations, ComfortDelGro Corp’s (CDG) 1Q11 revenue grew by 4.7% year-on-year to $803m, driven by growth in all business segments.

  • 20 May 2011
  • Investors' Corner
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    OSIM Trends Towards Another Divine Year

    Boasting remarkable back-to-back quarterly results of late, one can hardly imagine shares of OSIM International (OSIM) dived from a high of $2.10 in 2006 to below $0.10 two years ago.

  • 06 May 2011
  • Corporate Digest
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    Investors’ Corner

    Handal Resources (HR) is primarily involved in the downstream and upstream segments of the oil and gas (O&G) industry.

  • 20 April 2011
  • Malaysia Investors' Corner
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    Investors’ Corner

    CapitaMalls Asia (CMA) currently has 7 projects in Shanghai, 1 each in Foshan, Changsha and Wuhan. Existing completed properties such as Guicheng and Yuhuating malls, which are anchored by Wal-Mart, are generating between 5-7% net property income yield at the moment and planned asset enhancement initiatives works are expected to boost this further.

  • 08 April 2011
  • Investors' Corner
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    Singapore-listed REITs Take Heavy Beating As Japan Fights To Contain Earthquake Damages

    Gloomily labeled “the most severe crisis in the past 65 years since World War II”, Japanese Prime Minister Naoto Kan called on his nation to unite as it comes to grips with the destructive aftermath of its largest-ever earthquake.

  • 15 March 2011
  • Perspective
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    China Environment Shines As China Intensifies Environmental Focus

    China Environment (ChinaEnv), a waste gas treatment specialist serving industries that employ power generation plants, cement factories, chemical plants and paper mills, recently chalked up a commendable set of results for the full-year ended 31 Dec-10 (FY10). The firm saw its FY10 net profit swell 50% YoY to Rmb80.7m, largely attributed to the absence of a Rmb29.3m in goodwill which was written off in FY09, dragging that year’s net profit down.

  • 25 February 2011
  • Corporate Digest
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    Budget 2011 : Sharing the $6.6b Surplus Package

    The Singapore government aims to raise incomes by 30% in real terms over this decade by improving productivity of the workforce and strengthening our society.

  • 19 February 2011
  • In the Spotlight
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    Investors’ Corner

    Despite its expanded product platform, the Singapore Exchange (SGX) is still heavily-reliant on its securities trading turnover. Bolstered by a surge in average daily value traded (DVT) for ETFs, commencement of ADR trading via GlobalQuote and new listings, the said segment took SGX’s 2Q11 earnings to their highest in 5 quarters (ex-exceptionals).

  • 11 February 2011
  • Investors' Corner
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    Rokko Taps Growing Demand For Electronic Devices

    Rokko Holdings (Rokko), a precision engineering group that serves the semiconductor and electronics sectors, announced on 28 Jan-11 a robust set of results for the full year ended 31 Dec-10. On the back of a 44.3% rise in revenue to $42.6m, Rokko’s bottom line more than doubled to $4.3m from $1.8m a year ago.

  • 11 February 2011
  • Corporate Digest
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    XMH Revs Up For Promising Growth Amid Shipbuilding Sector Recovery

    XMH Holdings (XMH), a supplier of marine diesel engines and power generating sets, began the ball rolling as the company recently became the first to list on the Mainboard of the Singapore Exchange for 2011.

  • 28 January 2011
  • Initial Public Offering
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    Agricultural Commodity Market’s Next Move

    The mounting or sustained high rates of inflation in major developing economies have been widely noted in the media recently. The price of traded food staples such as wheat, corn and rice soared 26% from Jun to Nov-10, nearing the peaks reached during the global food crisis of 2008, according to the Food and Agriculture Organisation of the United Nations (FAO).

  • 20 January 2011
  • Perspective
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    Pacific Andes Forays Into Australia’s Farmed Salmon Market With New Acquisition

    Pacific Andes Resources Development (PARD), a leading global frozen fish supplier with an integrated supply chain, spanning industrial fishing, global sourcing and ocean transportation, strengthened its foothold in the seafood business with its recent acquisition of a 19.76% interest in Australia’s Tassal Group (Tassal) for $67m.

  • 17 December 2010
  • Corporate Digest
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    Renewable Energy Revamps To Ride The Winds Of Change

    In today’s industrialised world, energy resources such as fuel and electricity play a crucial role in our modern lifestyle from operating computers to providing transportation. However, the current heavy reliance on such energy resources has put a strain on the Earth, evidently from the accelerated effects of global warming and depleting level of fossil fuels.

  • 03 December 2010
  • Corporate Digest
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    Is Ezra On The Brink Of A New Chapter Of Growth?

    Ezra Holdings (Ezra), an integrated support and marine services provider in the offshore oil and gas (O&G) industry, is bolstering its spectrum of EPIC (Engineering, Procurement, Installation and Construction) and SURF (Subsea, Umbilicals, Risers and Flowlines) solutions, with a US$250m deal of acquiring Norway’s Aker Marine Contractors AS (AMC) from Aker Solutions ASA (Aker Solutions).

  • 04 November 2010
  • Corporate Digest
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    Global Logistic Properties Sparkles On Debut, Consolidates Presence In Asia’s Largest Economies

    Enjoying strong support from both institutions and retail investors, Global Logistic Properties (GLP) recently launched the largest initial public offering in Singapore since 1993.

  • 22 October 2010
  • Initial Public Offering
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    Yamada Green Resources To Flourish Alongside China’s Booming Economy

    Standing out as the only Singapore-listed supplier of self-cultivated shiitake mushrooms, Yamada Green Resources (YGR) has recently launched its initial public offering.

  • 08 October 2010
  • Initial Public Offering
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    Eu Yan Sang In Sweet Spot For Record Sales Streak?

    Eu Yan Sang International (EYS) is one of the biggest traditional Chinese medicine (TCM) groups in Asia. It has become a household name, with an extensive distribution network comprising of 165 retail outlets spanning across Hong Kong, Malaysia, Singapore,

  • 09 September 2010
  • Corporate Digest
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    Investors’ Corner

    We raised Olam’s FY10F–11F earnings by 6.2–4.6%, considering the ramp up contributions from acquisitions completed since FY09 and turnaround in industrial raw materials in 9M10.

  • 27 August 2010
  • Investors' Corner
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    Soup Restaurant Serves Up Strong 1H10 Performance

    Soup Restaurant Group (SRG), which prides itself in providing tantalizing dishes as well as unique dining ambience, had recently announced a commendable set of results for the period ended 30 June 2010.

  • 13 August 2010
  • Corporate Digest
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    ComfortDelGro Extends Australian Presence Through Swan Takeover

    ComfortDelGro Corporation (CDG), one of the world’s largest land transport group, is seeking to beef up its presence in Australia with a recent $46.8m takeover bid for Swan Taxis (Swan).

  • 30 July 2010
  • Corporate Digest
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    China Animal Healthcare Due For Re-Rating

    China, currently the world’s largest livestock producer and consumer, is forecasted to rise some 4% in its broiler production and consumption in 2010, according to a report by USDA Foreign Agricultural Service.

  • 16 July 2010
  • Corporate Digest
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    Investors’ Corner

    China Fishery Group (CFG) has recently announced the placement of its new shares and warrants to Carlyle Group (Carlyle).

  • 16 July 2010
  • Investors' Corner
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    Power Struggle In Parkway

    Parkway Holdings’ (Parkway) current majority shareholder Fortis Healthcare (Fortis) has been put on center stage with its reactions closely watched by the market. This follows the surprise $1.18b partial offer made to Parkway by Integrated Healthcare Holdings, a subsidiary of the Malaysia’s sovereign wealth fund Khazanah Nasional (Khazanah), barely one month ago.

  • 02 July 2010
  • Corporate Digest
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    Investors’ Corner

    C & O Pharmaceutical Technology (C&O) has disposed its investment property in Hong Kong (HK) for HK$53.9m and will book a gain of HK$11.3m in 1Q11.

  • 02 July 2010
  • Investors' Corner
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    Investors’ Corner

    Nagamas’ RM1m or 87.2% variation between its unaudited FY09 net loss of RM1.1m and the final audited net loss figure of RM2.1m was due to the write off of RM1.1m owing by Westech (WSB), a former subsidiary of Nagamas.

  • 21 June 2010
  • Malaysia Investors' Corner
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    Investors’ Corner

    Fortis had been approved to issue up to 22.4m shares to GIC to raise US$84m and plans to raise up to US$585m in new equity.

  • 18 June 2010
  • Investors' Corner
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    Investors’ Corner

    CapitaCommercial Trust (CCT) proposed to embark on a $92m asset enhancements initiative for 6 Battery Rd, which is expected to be completed in 2013, but may stretch into 2015. The move will be funded internally, with the cost spread over 6 years, and is expected to yield a return on investment of 8.1%. To minimize downtime, the work will be carried out only during the interim period when new tenants fit out their space.

  • 04 June 2010
  • Investors' Corner
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