Excerpts from report today byTerence Wong, co-head of research at OSK-DMG


125terencewongTerence Wong, CFA. MY MODEL portfolio came off by 0.9% WoW (week-on-week), which was slightly better than STI’s 1.2% decline.

The poor showing was due largely to the possibility of a premature tapering of the QE by the Fed.

I will be making a few changes to my portfolio:
 
> Ocean Sky (Sell 1.2m shares at SGD0.176). The dividend that I have been waiting for has finally been dished out – SGD0.024 in all.

When I bought into the stock, I thought that the mouth-watering yield of over 10% would have been a big draw.

But investors thought otherwise. After taking into account the dividend collected, I will have made no gains with this investment.
 
> Switching out from Marco Polo Marine (Sell 500k shares at SGD0.375) into Nam Cheong (Buy 750k shares at SGD0.265).

Marco Polo was another disappointment.

Given the improvement in charter rates and the implementation of the Indonesian cabotage law, I would have expected more from the shipcharterer/builder.

Fundamentals still remain sound, but I believe Malaysia-based ship-builder Nam Cheong will likely outperform on the back of strong orders from national oil company Petronas.

terence_w6.13 


Recent story: NAM CHEONG, OLAM INTERNATIONAL: What analysts now say
 

You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings3.280-
Avi-Tech Electronics0.250-
Best World1.7100.030
Broadway Ind0.091-0.001
China Sunsine0.395-
ComfortDelGro1.300-
Delfi Limited1.130-
Food Empire1.090-
Fortress Minerals0.310-
Geo Energy Res0.280-
GSS Energy0.027-0.001
Hong Leong Finance2.4900.010
Hongkong Land (USD)3.2000.010
InnoTek0.410-0.005
ISDN Holdings0.3350.005
ISOTeam0.040-
IX Biopharma0.0440.001
Jiutian Chemical0.026-
KSH Holdings0.3000.010
Leader Env0.052-0.001
Medtecs Intl0.1410.001
Nordic Group0.400-
Oxley Holdings0.100-
REX International0.164-0.002
Riverstone0.6200.010
Sinostar PEC0.135-
Southern Alliance Mining0.660-0.010
Straco Corp.0.470-
Sunpower Group0.2500.010
The Trendlines0.091-
Totm Technologies0.038-
Uni-Asia Group0.900-0.005
Wilmar Intl3.580-0.040
Yangzijiang Shipbldg1.5100.020
 

We have 1038 guests and no members online

rss_2 NextInsight - Latest News