investing ideas

10 Malaysian stocks for the new decade

SINGAPORE (Jan 17): How does one go about picking the best stocks to buy for the next decade?

Ten years is a long time by most measures, more so in the ever-changing world of business. Multibillion-ringgit companies can be made in a decade. They can also go bust within a decade.

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6 top capital goods picks as sector stages earnings rebound

SINGAPORE (Dec 26): Capital goods – which are used in producing other goods, rather than being bought by consumers – are on the cusp of a “strong recovery” in earnings growth, market watchers say.

CGS-CIMB Research and RHB Group Research both have “overweight” ratings on the capital goods sector.

Notably, RHB has “buy” calls on all six capital goods counters under its coverage, including the three large-cap offshore and marine (O&M) stocks.

In particular, RHB lead analyst Leng Seng Choon favours Keppel Corporation as the top O&M pick.

Analysts favour this diversified property player amid the lukewarm real estate market

SINGAPORE (Dec 24): Analysts are remaining cautious on the Singapore property and real estate sector, as the city state’s property cooling measures keep the market lukewarm.

Both DBS Group Research and RHB Group Research are keeping their “neutral” ratings on the sector, as property prices remain relatively stagnant, despite resilient sales volumes.

“While developers have been calling for some relaxation in property cooling measures, we believe it is unlikely in the near term as prices remain on an uptrend,” says RHB analyst Vijay Natarajan in a Dec 19 report.

Keppel Pacific Oak US REIT rides on bullish outlook with Dallas acquisition

SINGAPORE (Sept 9): Fresh from its change in name as it enters into a new outsourcing management agreement, Keppel Pacific Oak US REIT, formerly known as Keppel-KBS US REIT, is expanding into another key growth market in the US.

The new manager announced Sept 6 that KORE is acquiring a freehold office complex in Irving, Dallas, Texas, for US$101.5 million ($140.1 million), extending the REIT’s presence to a total of eight markets.

CSE Global expected to power through headwinds on strong orderbook

SINGAPORE (Sept 2): Despite macroeconomic uncertainties that continue to plague the industry sectors it operates in, CSE Global says it is confident of stronger earnings performance and sustained order intake in the second half of FY19.

The group saw its earnings grow 3.9% to $4.5 million for the 2Q19 ended June on the back of higher revenue. This brings earnings for 1H19 to $10.2 million, some 1.9% higher than a year ago.

2Q19 revenue rose 8.4% to $99.9 million, led by strong growth in the Asia Pacific market.

Sheng Siong shares climb as 2Q results meet expectations on back of new store openings

SINGAPORE (July 31): Shares in Sheng Siong Group are marching higher following its 2Q results announcement on Monday, which saw the supermarket chain report earnings in line with consensus expectations.

For the 2Q19 ended June, Sheng Siong reported a 7.4% increase in earnings to $18.4 million, as revenue grew 11.8% to $238.2 million on the back of contribution from the opening of 13 new stores.

Will Venture Corp take another hit as customer guides for lower growth?

SINGAPORE (July 15): Shares in electronics manufacturer Venture Corporation have fallen a long way since April last year, when it dived spectacularly after a steady two-year climb.

Venture’s stock price broke through a previous high of $10.00 in January 2017, and streaked to a dizzying height of $28.82 in early April 2018 – threatening to break the psychological level of $30.00.

And then it all crumbled.

Two UK stocks identified as undervalued proxies to rising trend in online gambling

SINGAPORE (May 13): Two UK gambling-related stocks stood out during our recent stock filter to help identify growth stocks. Playtech, a developer and provider of software platforms for both online and land-based gambling operators, had a five-year compound annual growth rate for cash flow, net profit and revenue that was higher than its growth in price over a five-year period.

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Ascott REIT awaits inclusion into much-followed index as earnings profile changes

(Mar 25): Ascott Residence Trust’s (Ascott REIT) portfolio composition has changed subtly over the years. In 2015, for instance, China was its largest exposure, accounting for 17% of its portfolio by asset size, followed by Japan with 15.9% and Singapore at 13.3%. As at Dec 31, 2018, Singapore was the largest with 20.3%, followed by Japan at 12.8% and the US at 12.5%. In terms of gross operating profit (GOP, the equivalent of net property income), the US contributed 16.3%, followed by Japan with 13%, and France with 12%.

FEHT's full-year DPU rebounds for first time since IPO as Sentosa hotels open

(Mar 25): Far East Hospitality Trust (FEHT) reported a distribution per unit of four cents for FY2018, up 2.6% y-o-y. In 4QFY2018, DPU rose 3.1% y-o-y to one cent. This was the fourth consecutive quarter that DPU showed a y-o-y increase. Last year was the first time since the real estate investment trust’s IPO in 2012 that full-year DPU grew y-o-y (see chart). Last year’s DPU is still below the one recorded in 2016, but it appears likely to continue its glacial growth this year and next.

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