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Sunday, 17 September 2017
Phillip SGX APAC Dividend Leaders Reit ETF Turns One!
Friday, 8 September 2017
Widest Selection of Funds - Unit Trust
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Monday, 21 August 2017
GOLD & SILVER CFD
GOLD & SILVER CFD
CONTRACT SPECIFICATIONS
GOLD USD1 CFD & SILVER USD50 CFD
VALUE PER POINT
Gold: USD1 per point
Silver: USD50 per point
Silver: USD50 per point
MARGIN REQUIREMENTS
Trade at a low margin requirement of 20%
TRADING HOURS
07:01–04:00 (Daylight Saving)
07:01-05:00 (Non Daylight Saving)
07:01-05:00 (Non Daylight Saving)
TRADING CURRENCY
All contracts are settled in US Dollars
TRADE SIZE
Minimum of 1 contract
Tuesday, 8 August 2017
5 FAQs on ETFs trading on SGX:
Please see below for the 5 FAQs on ETFs trading on SGX:
1. Are there any withholding or capital gains tax for Singapore-domiciled ETFs?
No, there is no withholding or capital gains tax for Singapore-domiciled ETFs.
2. How many ETFs can we trade on SGX?
There are over 80 ETFs spread over different asset classes such as Equities, Commodities, Fixed Income and Money Market.
3. How do I know if the ETFs listed on SGX is an Excluded Investment Products (EIP)?
You can find the info here using the SGX ETF screener: http://www.sgx.com/wps/portal/
4. What are the top 3 most active ETFs traded on SGX?
The top 3 most active ETFs were iShares MSCI India ETF (24.1%), SPDR® Gold Shares (16.2%), and SPDR® Straits Times ETF (14.1%).
5. How can I receive updated information on ETFs trading on SGX?
SGX sends out the below newsletter at the beginning of every month. Please email to SGXSecuritiesProducts@sgx.com to request to be included in the Securities Products Monthly Newsletter.
Click Here if you wish to open an account to trade ETFs.
Sunday, 30 July 2017
ADV-Trades Redirection from SGX Mobile to POEMS Mobile
Trades Redirection from SGX Mobile to POEMS Mobile
We are pleased to inform that POEMS Mobile apps (for iOS v1.4.24 and Android v1.4.19) are now integrated with SGX Mobile App. You will be able to trade through POEMS mobile app via a redirection from SGX Mobile App.
- You can now place trades from respective SGX “Stock Quote” screen.
- On the same "Stock Quote" screen, you may select "Phillip Securities" as your preferred broker.
- Once you are redirected to POEMS mobile, login with your User ID and password and submit the trade. If you have yet to download POEMS mobile app, you will be redirected to the respective App Stores to download the app.
For more information on the trade redirection from SGX Mobile App to POEMS Mobile, please send an email to poemsmobile@phillip.com.sg
We look forward to your continuous support and do look out for more exciting news on POEMS Mobile soon!
For Account Opening, please click Here
Download our POEMS Mobile app today!
Sunday, 23 April 2017
Free Shares Investment eBook! – Discovering Value Amidst Uncertainties
Introduction
Major benchmarks in the United States continue to break new highs with the Dow Jones Industrial Average marking a historic high of 21,115.55 on 1 March 2017, lifted by the Trump Administration’s policies of infrastructure plans and tax cuts. Asian markets, on the other hand, lagged far behind in comparison to the performances of their western counterparts. Despite already achieving a year-to-date return of eight percent by closing at 3,118.84 on 09 March 2017, Singapore’s Straits Times Index still has a lot more room for advancement before it can reach its previous high of 3,525.19 in April 2015. In terms of price-to-earnings (P/E) valuation, current P/E ratio of SPDR Straits Times Index (STI) ETF, an exchange-traded fund which tracks the performance of Straits Times Index, stood at 12.8 times as of 10 March 2017. This does not seem expensive at all given that the historic P/E ratio of SPDR STI ETF has a long term average of around 16.9 times from 1973 to 2010. Market sentiments are generally beaten down due to a lack of confidence attributable to the impending US rate hike, low oil price, and political uncertainties in the Europe zones. To help investors make better-informed decisions, we seek to discover value amidst uncertainties in the market by compiling this report, sifting out 20 companies (18 listed on the Singapore Exchange and two on Bursa Malaysia) with strong fundamentals. We highlight their respective strengths so as to help investors gain a quick understanding of these companies through our introduction and insights. Among these featured companies, we hope that you may find some hidden gems which could be suitable candidates to be added into your portfolio. Enjoy the read.
I am going to mass email out the E Book to my distribution list as I am unable to upload the PDF file. Should you not receive it, please let me know your email address and I will send it to you.
Monday, 5 September 2016
Innovalues Limited - Earnings Review, Future Prospects & Possible Transaction
Innovalues Limited
Earnings Review and Future ProspectsAs reported in the latest earnings announcement, Innovalues marks strong earnings recovery as net profit rises to S$6.2 million for 2Q16.
- Gaining traction from the previous quarter, growth in the Automotive and Office Automation business segments led to an overall revenue growth of 10.6% qoq to S$30.1 million
- Core business segments continue to generate strong positive operating cash flows resulting in a net cash position of S$28.0 million
- Building on the momentum from the first half of the year, the Board of Directors is cautiously optimistic on a stronger second half for 2016.
Despite challenging economic conditions, the Group reported revenue growth of 2.1% year-on-year (“yoy”) to S$30.1 million for 2Q16. Comparing on a quarter-on-quarter (“qoq”) basis, the Group recorded a 10.6% rise in revenue as it continues to drive momentum for a strong showing in the second half of the year.
On a segmental basis, the Automotive (“AU”) segment continued to be the primary contributor of revenue accounting for 78.8% while the Office Automation (“OA”) segment accounted for 21.1% of the overall revenue for 2Q16.
Revenue from the AU segment increased 4.4% yoy to S$23.8 million for 2Q16 driven by an increase in orders from customers in China.
Conversely, revenue from the OA segment slipped marginally by 3.3% yoy to S$6.4 million due to a decline in orders from customers in the US.
The Group’s commitment to enhancing operational efficiencies led to a 7.7% yoy increase in gross profit to S$9.5 million for 2Q16.
Correspondingly, the Group’s gross profit margin expanded from 29.9% for 2Q15 to 31.6% for 2Q16.
In terms of profitability, the Group’s net profit is on track for earnings recovery from preceding quarter, posting a 63.9% qoq increase to S$6.2 million for 2Q16.
Comparing on a yoy basis with 2Q15, it also improved by 5.7%.
The Group’s core business operations continue to generate strong positive operating cash flows of S$11.4 million for 1H16.
As a result, cash and cash equivalents amounted to S$30.2 million with a net cash position of S$28.0 million as at 30 June 2016. Going forward, the Group will continue to focus on strengthening cost controls and improving productivity across all business segments.
The increasing trend for governments worldwide to adopt stricter regulations towards safety, energy consumption and environmental protection remains and continues to represent an opportunity for the Group’s core AU business.
As such, the Group strives to enhance its engineering capabilities and improve upon its competitive advantage in order to take advantage of the available growth catalysts in the industry.
While charting steady growth, the Group adopts a prudent approach in relation to business headwinds such as increasing labour costs and volatility in the foreign exchange markets.
Barring any unforeseen circumstances, the Board of Directors is cautiously optimistic for a stronger financial performance in the second half of 2016.
Possible Transaction to Enhance and Unlock Shareholder Value
The Board of Directors (“Board”) of Innovalues Limited (the “Company”) refers to the announcements made by the Company on 3 July 2016, 19 July 2016 and 2 August 2016 (the “Announcements”) where the Company had informed shareholders in the Announcements that the Company was in discussion with various parties in connection with a possible transaction.
The Company wishes to update shareholders that matters have progressed since the Announcements and at this time, the Company is continuing discussions with one of those parties.
Such discussions are still on-going and there is no assurance or certainty that any transaction or agreement will be entered into pursuant to these discussions.
Key Ratios (Extracted from Poems 2.0 Analytics on 6/9/2016 9.18am)
Basic Stock Information |
| Stock Data | |
|---|---|
| Market Capitalization (SGD 'mil) | 293.66 |
| Common Shares Outstanding ('mil) | 328.1090 |
| 52 Week High (SGD) (07/07/2016) | 1.115 |
| 52 Week Low (SGD) (23/09/2015) | 0.611 |
| 52 Week Return (%) | 38.741 |
| Average Volume ('mil) | 1.5050 |
| Beta | 0.86 |
| Financial strength | |
|---|---|
| Current Ratio | 3.37 |
| Quick Ratio | 2.88 |
| Long Term Debt to Equity (%) | 0.39 |
| Total Debt to Equity (%) | 4.62 |
| Interest Coverage Ratio (TTM) | - |
| Free Cash Flow to Firm (TTM) (SGD 'mln) | 16.66 |
| Margin | |
|---|---|
| Gross Margin (TTM) (%) | 31.18 |
| Operating Profit Margin (TTM) (%) | 22.21 |
| Net Profit Margin (TTM) (%) | 19.22 |
| Dividend § | |
|---|---|
| Annual Dividend per share (SGD) | 0.0240 |
| Dividend Yield (TTM) (%) | 1.34 |
| Dividend Yield (Annual) (%) | 2.68 |
| Payout Ratio (TTM) (%) | 57.16 |
| 3-Year Growth Rate (%) | 58.74 |
| Valuation | |
|---|---|
| Historical P/E Ratio | 12.74 |
| P/E Ratio (TTM) | 13.59 |
| P/BV (latest interim) | 3.55 |
| BVPS (latest interim) (SGD) | 0.2522 |
| EPS TTM (SGD) | 0.0659 |
For more information, please see Company Website http://www.innovalues.com/
Recent Broker Calls
DBS Group Research
BUY (Upgrade from HOLD) Last Traded Price: S$0.895 (STI : 2,856.67) Price Target 12-mth: S$1.07 (19% upside) (Prev S$1.01)
Read More ...
UOB KayHian
BUY (Maintained) Share Price S$0.945 Target Price S$1.06 Upside +12.2%
Read More ...
CIMB
HOLD (no change)
Read More ...
MayBank Kim Eng
BUY
Share Price SGD 0.90 12m Price Target SGD 1.15 (+28%) Previous Price Target SGD 1.15
Read More ...
About Innovalues Limited
Established in 1997, Innovalues Limited (“Innovalues” or the “Group”) specializes in the manufacturing of customized precision machined parts and components.
These include automotive components, printer rollers, mechanical devices, and sub-assemblies as well as surface treatment services.
Headquartered in Singapore, Innovalues has grown extensively through a combination of customer and product diversification and regionalisation.
At present, the Group has operations in Malaysia, Thailand and China, occupying a total manufacturing space of approximately 50,000 sqm.
With an aim to be the preferred global partner in precision engineering, the Group is focused on delivering the highest quality of products and services to its global customers.
Source:
Innovalues Limited Q2 2016 Press Release
Innovalues SGX Announcement on 2/9/2016
Poems 2.0 Analytics (Key Ratios extracted on 6/9/2016 9:18am)
Disclaimer:
http://lionelltp.blogspot.sg/p/disclaimer.html
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