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Ascott Residence Trust (ART SP)

Ascott Residence Trust (ART SP)Current shareprice: SGD1.35Target price: SGD1.39Potential yield: +3.5% We maintain a BUY action on this counter. Let’s take a look at the insights of the REIT company. Ascott Residence Trust (Ascott Reit) is a Singapore-based serviced residence real estate investment trust (REIT). The Company is engaged in the business of investing in…

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How Cryptocurrencies Can Challenge Central Banks

Will central banks eventually invest in digital currencies? In a recent survey done by a prestigious investment bank, a quarter of those surveyed believe that we are not too far off this foreseeable context. This is surprising to most of us, considering how crypto-currencies are a relatively new asset class as discussed above. However to…

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Changsha Zoomlion Heavy Industry (1157 HK)

Changsha Zoomlion Heavy Industry (1157 HK) Current shareprice: HKD5.59Target price: HKD5.75Potential yield: +3% We maintain a BUY action on this counter. Let’s take a look at the insights of the technology company. Zoomlion Heavy Industry Science And Technology Co., Ltd. is principally engaged in the research, development, manufacture and sales of engineering equipment, environmental sanitation…

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Fides’ Take: China Merchant Bank Co. (3968 HK)

China Merchants Bank Co (3968 HK)Current shareprice: HKD37.30Target price: HKD38.97Potential yield: +4.5% We maintain a BUY action on this counter. Let’s take a look at the insights of the bank. China Merchants Bank Co., Ltd. (the Bank) is a China-based commercial bank. The Bank operates its businesses through three segments, which are Wholesale Finance segment,…

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Sector Update : Construction In Malaysia

Recent news:We understand that the government is committed to expedite projects such as Pan Borneo Highway Sabah (PBHS) and East Coast Rail Link (ECRL). Under Budget 2020, the government has allocated a substantial development expenditure of RM5b just to Sabah where about RM3b will be channelled for the PBHS portion from the central towards the…

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Fides Assets’ Take: Raffles Medical Group (RFMD SP)

Raffles Medical Group (RFMD SP) Current shareprice: SGD$1.00 Target price: SGD$1.05 Potential yield: +5% We maintain a BUY action on this counter. Let’s take a look at the insights of the healthcare company. Raffles Medical Group Ltd is an integrated healthcare provider, operating medical facilities in approximately 13 cities in Singapore, China, Japan, Vietnam and…

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A Strategic Refinement Of The Truth By Ray Dalio?

A strategic refinement of the truth by Ray Dalio? On the same day, CBS News reported that “indeed a large investment fund apparently had been buying up an unusual number of options in the past month that would pay off if the market dropped”, said Vineer Bhansali (CIO, Long Tail Alpha) to CBS Money Watch Friday.…

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Sasseur REIT (SASSR SP)

Sasseur REIT (SASSR SP)Current shareprice: SGD0.86Target price: SGD0.88Potential yield: +3% We maintain a BUY action on this counter. Let’s take a look at the insights of the real estate company. Sasseur Real Estate Investment Trust is a real estate investment trust established with the investment strategy of investing principally, directly or indirectly, in a diversified…

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Fides’ Take: Plantations In Malaysia

[SECTOR UPDATE: Plantation – Malaysia] Recent news:Malaysia Palm Oil Board (MPOB) reported palm oilinventory jumped to 2.4m tonnes as of end-Sep 19, within market expectations. Palm oil inventory level hit a five-month high on lower exports and CPO production. Decreased exports to China and India:Palm oil exports were at approximately 1.29m tonnes in Sep 19,…

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Wheat, As A Commodity

Wheat is a grass grown all over the world for its highly nutritious and functional grain. It is one of the top three most produced crops in the world, along with corn and rice. Wheat has been cultivated for over 10,000 years and probably originates in the Fertile Crescent, along with other staple crops. A…

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Fides’ Take: Gold – Macro Analysis

Gold is the ultimate form of money. If you are a gold dealer in Asia, then you know that it is a pretty lucrative business in all the years, due to the insatiable demand by the Asian population. Currently, China and India holds approximately 25% of the world’s known above-ground gold stock Some countries like…

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MapleTree Commercial Trust

[Mapletree Commercial Trust]MCT SP (N2IU.SI) Action: BUYShare Price: SGD$2.050Target Price: SGD$2.20 Mapletree Commercial Trust is a Singapore-focused real estate investment trust. The Trust invests on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, whether wholly or partially, as well as real estate-related…

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[Update: China Gas]

Congratulations to everyone that has entered based on our estimate entry price of HKD$24.80. You would have already made approximately +14.78% on this trade. Kindly refer to our post dated 1st June 2019 (Link attached below) Current Price: $29.10 We would like to maintain a BUY action on this counter with a few factors to…

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[Health Management International] HMI SP (588.SI)

[Health Management International] HMI SP (588.SI) Action: BUY Entry: SGD$0.637 Target Price: SGD$0.74 Potential Upside: +14% On 17th June 2019, HMI announced that there are ongoing discussions with an undisclosed third party pertaining to a potential share transaction. While discussions have not been finalised, we note that the stock is up approximately 20% since 18…

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An Update On Positions

DBS Group HoldingsEntry Price: SGD$23.90Current Price: SGD$25.92ROI to date: +7.79%Previous FB Post Attached:https://fidesassets.wordpress.com/2019/05/27/79/?fbclid=IwAR2MNJcizSFcuzRH7uzwSvExGw5scRYwZrjkljb7TKgOKuImiewfEMFLEH0 Razor Inc [CLOSED POSITION]Entry Price: HKD$1.20Close Position At: HKD$1.780Realized Profit: +32.6%Previous FB Post Attached:https://www.facebook.com/FidesAssets/posts/2294899007244792 Singapore Airlines LimitedEntry Price: SGD$8.70Current Price: SGD$9.33ROI to date: +6.75%Previous FB Post Attached:https://www.facebook.com/FidesAssets/posts/2291780524223307 China Gas Holdings LimitedEntry Price: HKD$24.80Current Price: HKD$27.85ROI to date: +10.95%Previous Blog Post Attached:https://fidesassets.wordpress.com/2019/06/01/fides-take-china-gas-0384-hk/?fbclid=IwAR1_DdqeThyzmtJOnV1cI3SZUA8oFlxIfj2yj6gVflG3NFksIDXgWzNLeoU CIMB…

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[Wilmar International – F32.SI]

Action: BUY Wilmar International listed on SGX Wilmar International Ltd. is an agribusiness company. The Company is involved in oil palm cultivation, edible oils refining, oil seeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals and biodiesel manufacturing, and grains processing and merchandising. Wilmar also manufactures and distributes fertilizers and owns a…

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[High-Yield Dividend Stocks]

Governmental bond rates globally have declined on expectations of a slower economic growth. Our target prices for these two top pick stocks have been stress-tested on the high possibility of a Fed rate cut and the clear decline in Singapore Government Securities (SGS) across a 10-year period. We have evaluated on a lower risk-free assumptions…

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Update On Positions

[17th June Post] If you have been following us, then here’s the good news. DBS Group Holdings Entry Price: SGD$23.90 / Current Price: SGD$24.66 / ROI to date: +3% Razor Inc Entry Price: HKD$1.20 / Current Price: HKD$1.490 / ROI to date: +19.5% Singapore Airlines Limited Entry Price: SGD$8.70 / Current Price: SGD$9.17 / ROI…

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FIDES TAKE: HANA MICROELECTRONICS (HANA-R.BK)

[FIDES ASSETS: HANA MICROELECTRONICS – SET) 7th June 2019 Action: SELL/SHORT for HANA MICROELECTRONICS (HANA-R.BK) listed on SET) Hana Microelectronics Public Company Limited (HANA), together with its subsidiaries, manufactures and trades in electronic components. It offers printed circuit board assemblies and integrated circuits. The company also provides agent and customer services. It has operations in Thailand, Malaysia,…

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FIDES TAKE: VALUETRONICS (VALUE SP)

[FIDES ASSETS: VALUETRONICS – SGX] 6th June 2019 Action: BUY for VALUETRONICS (BN2.SI) listed on SGX Valuetronics Holdings Ltd. offers original equipment manufacturing and original design manufacturing services. The Company serves customers in the telecommunications, industrial, commercial electronic products, and consumer electronic products industries (as per Bloomberg). VALUETRONICS has an existing market capital of SGD$265m. As of…

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FIDES TAKE: CHINA GAS (0384.HK)

[FIDES ASSETS: CHINA GAS HOLDINGS LIMITED – HKSE] 1st June 2019 Action: OVERWEIGHT for CHINA GAS (0384.HK) listed on HKSE China Gas Holdings Limited invests in, operates and manages natural gas distribution pipelines. The Company distributes and sells natural gas to residential, commercial and industrial users, and bottles and sells compressed natural gas. China Gas also constructs…

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FIDES TAKE: SINGAPORE AIRLINES (SIA SP)

[FIDES ASSETS: SINGAPORE AIRLINES – SGX) 30th May 2019 Action: Maintain HOLD for SINGAPORE AIRLINES (C6L.SI) listed on SGX Singapore Airlines is Singapore’s flag bearer, flying to more than 50 destinations in more than 30 countries. They have been awarded Best Airline in 2018 by Traveller’s World Magazine and Skytrax. The Company has an existing market capital…

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Fides Take: Starhub (STH SP)

[FIDES ASSETS: STARHUB – SGX] 29th May 2019 Action: Maintain SELL for STARHUB (STH SP) listed on SGX StarHub is a telecommunications company with its operations mainly in Singapore. With an existing market capital of SGD$2.7b , this stock has seen better days. As of today, the 52-week high is at SGD$2.05, and 52-week low…

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Fides Assets View: DBS Group Holdings

[Fides Assets Singapore Views: DBS GROUP HOLDINGS – SGX] 27th May 2019 Maintain BUY for DBS GROUP HOLDINGS (DBS SP) listed on SGX Target price: SGD$30.20 2019 was a solid start for banks reporting earnings growth of 7%-12% year-on-year (yoy) despite the high base of performance in 2018. A spike in mortgage lending rates helped…

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[Fides Assets Singapore View: RAZER INC – HKSE]

28th May 2019 Maintain HOLD for RAZER INC (1337.HK) listed HKSE Razer is one of the world’s leading, if not, the best companies for gaming devices. They launched Razer gaming laptop back in 2012 and Razor Phone in end 2017. Target Price: HK$1.60 (Previous target: HK$1.95) Entry Price: HK$1.20 Summary The top-line push continues; bottom…

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How We Made Christmas Come Early For These Families

Fides Assets Donates School Textbooks To Needy Families Before Christmas, Fides Assets collated a number of families that were under the Financial Assistance Scheme of schools. The kids were under a coupon scheme where they enjoy discounted or sponsored meals in school, during breaks. Our team reached out to these families and offered to help…

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Shareholding – All You Need To Know

Shares, more commonly known as “stocks” are units of ownership interest in a company or corporation. Simply put, it is a division of different parts that constitute a company’s capital which entitles the owner of these shares to a proportion of the profits. To begin, one needs to know that publicly listed companies shares are…

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