The opportunities are abound....

Hi All,

I have done a quick writeup on some Singapore companies. If you have any interest in any of them. Do let me know and my team would do a more through analysis on them. Cheers! 

Opportunistic due to price decline

    1.    Courts Asia (0.71)

·      Sound Management - Terry O Conner

·      Growth Strategy - Expansion into new markets (Indonesia)

·      Outlook - Growing middle income supports retail business

    2.    Hyflux (1.16)

·      Sound Management - Oliver Lum and key executives in markets

·      Growth Strategy - Strong strategy and JV in China

·      Outlook – Water looks to be a critical industry globally

    3.    Geo-Energy (0.365)

·      Sound Management – Jim Rogers and Smart executives

·      Growth Strategy – Profitable in slumping commodity markets, coal and mining concessions look set to grow company

·      Outlook – Profitable and look set to power in coming years

    4.    Sin Heng (0.21)

·      Sound Management – Toyota Executives and stakeholders

·      Growth Strategy – Expanding in key markets – Indonesia and Myanmar

·      Outlook – Growing construction demand supports the trend

    5.    United Engineers (1.76)

·      Sound Management - Smart Management with wide connections (OCBC)

·      Growth Strategy - Looks set to expand M&A to improve property, Engineering and Rental of buildings through capital recycling and allocation

·      Outlook – Property from WBL in china very valuable, property in SG and assets from WBL is worth at least twice its market value.

·      SOTP compelling

    6.    Civmec (0.63)

·      Sound Management – Renown investors involved

·      Growth Strategy – Australian commodity boom and sound model

·      Outlook – Highly reliant on Australia energy market and requires a quick analysis and turnaround to become profitable

·      Not easily visible (poor catalyst reaction)

    7.    CWT (1.33)

·      Sound Management: Loi Pok Yen and Lyndra (CFO)

·      Growth Strategy – Stable cash flow of logistics allow for expansion into other niche areas such as commodity trading and trade management

·      Outlook – Looks set to become a regional champion

Reits or stable predictable earning structures

    1.    Suntec (1.505)

·      New mall refurbisment set to increase rental

·      Office rentals set to escalate

·      ARA asset management is smart management group and portfolio is rather balance between retail and office.

    2.    Capitaland (2.96)/ Capitacomm (1.36)

·      Capitaland strategy as a holding companing looks more streamline with new CEO

·      SOTP – CapitamallAsia, Capitamall trust, Capitacomm

·      Office rental set to rise

    3.    Boustead (1.29)

·      Sound management – Wong Fong Fui

·      Diversified conglomerate – Technology, Engineering, Construction an Industrial REIT management

    4.    Goodpack (1.62)

·      IBC packing

·      Diversified predictable model which can be easily scalable on a larger level when economy improves

Growth

    1.    Yoma Strategic (0.71)

·      Myanmar Property

·      Forming up a conglomerate (Property, Tourism, Infrastructure, Agriculture)

·      Pending rights issue for office can be harsh on prices

    2.    Silverlake Axis (0.72)

·      IT management for banking

·      Scalable model when economy improves

    3.    Neratel communications (0.72)

·      3 key areas of growth – telecoms, banking solutions, network building

·      Smart PE involved with clear targets and strong management, growth starting to appear

·      Tough market to differentiate could see margin deteriorate rapidly

    4.    Rex International (0.86)

·      REX proprietary technology gives 100%* oil consultancy accuracy

    5.    KrisEnergy (1.18)

·      Investing Track Record of PE, Keppel Corp and management in place