In this issue’s Shares Investment (Singapore), we want you to stop predicting the directions of the stock market, the economy, interest rates, oil prices and the US elections. Instead, we want you to focus on analyzing the fundamental value of a company.
Lately, Fed Chairman Ben Bernanke has hinted that the Fed will probably stop cutting rates as they have done enough to promote moderate economic growth. He also added that a weak US Dollar will have the effect of feeding into inflation.
CT said the bulk of the proceeds ($38.2m) will be used to acquire multi-track electronic tubular knitting machines, new face finishing and processing equipment to make peach finish fabrics, and computerised jacquard knitting machines.
Outlook for the palm oil industry is still looking positive. We believe Indofood Agri Resources’ (IFAR) age profile of trees favourably positions it to enjoy the benefits of current high CPO prices.
CDL achieved core earnings growth of 30.8% to S$165.0m on the back of revenue dip of 1.3% to S$758.8m in 1QFY08, compared to 1QFY07. All three business segments contributed to the earnings growth but the key contributor was the property development division.
Markets may have gotten a little ahead of themselves in May in predicting a recovery in the U.S. economy within a matter of months - and thus a sustainable recovery in the dollar. Wait until later in the year for that.
A year has flown by since Catalist-listed Travelite Holdings (Travelite) made its debut on the Singapore Exchange. During this period, investors and analysts who had their radar locked on the company were few and far between, as evident by its slim trading volume.
The broad market is generally trading without a fixed direction with the Straits Times Index (STI) gyrating in a tight range. There is no special reason for this phenomenon, as I believe that it is typical of a mid-bear phase for the market to be behaving this way.
Mainboard-listed Tat Hong Holdings (Tat Hong), one of the world’s largest crane company announced its FY08 results ended 31 March 2008. Tat Hong is principally engaged in 4 core activities – rental of cranes, rental of general equipment, sale of cranes and other heavy equipment.
If history is a good guide, then the leading steel stockist in Singapore and Southeast Asia can certainly be counted on to deliver the goods. Listed in 2002, HG has reported 5 straight years of commendable growth.
