Apr 21

Singapore Shipping Stocks: Still No Life Yet

Shipping Stocks in Singapore still very weak and no life seen yet. FTSE ST Maritime Index is currently moving sideway and seems to be finding a good support at about 264.7 level which is the 200D SMA and also the 61.8% FR level.

FTSE ST Maritime Index April17-2014

See previous post on FTSE ST Maritime Index and Singapore Shipping Stocks here.

FTSE ST Maritime Index Components Stocks

Yangzijiang has the largest weightage (47.28%) in this index, followed by NOL (19.03%), Cosco Corp (14.85%), Jaya Holding (6.19%), Pan United (4.33%) and the rest. Top 5 stocks contributes to 91.41% weightage to FTSE ST Maritime Index.

FTSE Maritime Index Component Stocks Mar-2014

Fundamental Comparison for Key Component Stocks

In general, Yangzijiang has the best fundamental compare with other stocks in this Maritime Index, followed by Jaya Holding. Cosco & NOL fundamental are pretty weak at the moment. We need to monitor Cosco & NOL in the coming earning announcement to see whether there are any significant improvement in the financial. As Yangzijiang has the largest market capitalisation and the best fundamental in all the shipping stocks in Singapore, we shall take a cue from Yangzijiang’s earning and stock chart for any hint for recovery.

FTSE Maritime Index Component Stocks Fundamental Comparison April21-2014

If you want to understand more about the meaning of the above financial ratio and fundamental analysis, check out Stock Fundamental Analysis here.

Yangzijiang Stock Chart

Yangzijiang broke out from a Falling Wedge and currently retracing to test the 200D SMA support. If Yangzijiang rebounds from this support level, the stock will start a medium up trend to the price target of $1.20 (Resistance of a Long Term Declining Line)

2014April17-Yangzijiang-800x600

NOL Stock Chart

NOL chart is still very bearish and no sign of reversal yet.

2014April17-NOL-800x600

COSCO Stock Chart

COSCO may be finding the bottom (potential forming of Double Bottoms) but need to see whether COSCO can clear the 200D SMA resistance or not before talking about the trend reversal.

2014April17-Cosco Corp-800x600

Jaya Holding Stock Chart

Jaya Holding is on up trend and currently retracing to test the up trend support.

2014April17-Jaya Hldg-800x600

Pan United Stock Chart

Pan United is on uptrend but currently facing the resistance at $1.08. Fundamentally (base on PE ratio) and technically not a good entry level.

Pan United April17-2014

Apr 19

Suntec REIT: Still Attractive to Chase the Price?

Suntec REIT has been running strong lately (a whopping 16% gain since the the recent low in Dec 2013) but currently facing a resistance at about $1.74.

2014April17- SuntecReit-800x600

So, is it good to chase Suntec REIT at the current price? Let’s look at the Fundamental Analysis of Suntec REIT:

  • Last Price = $1.735
  • NAV = $2.108
  • Price / NAV = 0.823
  • Distribution Yield = 5.907%
  • Gearing Ratio = 38%
  • WADE = 2.44 Years

Suntec REIT WADE April17-2014Suntec REIT Office Lease April17-2014 Suntec REIT Retail Lease April17-2014

Compare with other Singapore REITs, there are better options with Better Value and Lower Risks Singapore REITs, in terms of distribution yield and gearing ratio at the current price.