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…
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…
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.…
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…
[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,…
In the pilot episode of the Showtime drama Billions, a television host grills Bobby Axelrod (Damien Lewis), founder of the hedge fund Axe Capital, at a public forum. “How do you respond to the criticism that hedge funds are the scavengers of the financial sector, and that a select few have undue influence on the…
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…
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…
[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…
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…