Text

Be decisive, Be patient, Don’t be greedy, Don't be stubborn

Disclaimer

DISCLAIMER: The contents of this website are provided to you for information only and should not be used as a basis for making any specific investment, business or commercial decision. These pages should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of you acting based on this information. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. If the investment is denominated in a foreign currency, factors including but not limited to changes in exchange rates may have an adverse effect on the value, price or income of an investment. Past performance figures as well as any projection or forecast used in these web pages, are not necessarily indicative of future or likely performance of any investment products.The information contained in these pages is not intended to provide professional advice and should not be relied upon in that regard. It also does not have any regard to your specific investment objective, financial situation and any of your particular needs. You may wish to seek advice from a financial adviser before investing in any of the products mentioned. In the event that you choose not to seek advice from a financial adviser, you should consider whether the investment product is suitable for you. The contents of this website, including these terms and conditions, are subject to change and may be modified, deleted or replaced from time to time and at any time.
DISCLAIMER: This web-site is not associated with Phillip Securities Pte Ltd or any other entity in the Phillip Group of Companies (collectively, the Group). Any views, opinions, references or other statements or facts provided in this web-site are personal views of Choy Choong Khuen and are not supported, sanctioned or endorsed in any way by the Group.

Pages

Saturday 20 September 2014

Vard Holding analysis and market sense

Vard Holding

FA: P/E 12 - 14, close to fair value about 15, not so attractive. BVPS 0.65, fair, no discount. Dividend yield: nil

Conclusion - not attractive

TA: Using support/resistance analysis, First resistance 0.96, first support 0.88, second support 0.79.
Momentum analysis - going down.

Conclusion - fair to down

Analysts rating:
More hold than buy. Target price from 1.10 to 1.45
http://sgx.i3investor.com/servlets/ptg/ms7.jsp
Conclusion - fair to negative

Sector sentiment:
I have heard about shipping sector and commodities sector are bottoming out since about 8 months ago. But relative to overall market indices, Singapore Shipping sector is still relatively under-performing.
Conclusion - stay defensive, can adopt wait and see approach

Market sentiment
From volume and price actions, overall market including western and Asia, sentiment point to cautious, and tend to stay defensive as market is worrying western especially US market which hovering at all time high prone to deep correction. Experts point to about 20 - 30% correction if panic situation worsen.
Positive view: Shanghai-Hong Kong Stock Connect going to bring positive sentiment to both stock exchanges and may bring up sentiment to Singapore too.
Shanghai-Hong Kong Stock Connect
沪港通
Investors ready for Shanghai-Hong Kong stock link
The Impact of Shanghai-Hong Kong Stock Connect

Furthermore, SSE is still at low level compared to above 6000 all time high and HSI is having one of the lowest P/E in the world about 9 - 12 compared to US market about 17.
Conclusion - cautious optimist - betting on china related counters

CK Choy


No comments:

Post a Comment