Month: November 2020

DBS Group Holdings share price in India adventure

DBS Group Holdings share price

Since early November 2020, DBS Group Holdings share price went on an explosive run, surging from $20.35 to a high of $25.00 on 23 November. The driving factors for the bullish run of DBS Group Holdings share price were the excellent 3rd quarter financial result, the 95% efficacy of COVID-19 vaccine trial and Joe Biden being confirmed as the new President of United States.

Nonetheless, DBS Group Holdings share price turned cold turkey after the stunning announcement of a proposed merger of its wholly owned subsidiary, DBS Bank India Limited (DBIL), with the ailing Lakshmi Vilas Bank. Market reactions were mixed, causing DBS Group Holdings share price to lose steam.

DBS Group Holdings riding the storm

DBS Group Holdings share price & Piyush Gupta

DBS Group Holdings share in bloodbath with Hin Leong

DBS Group Holdings share in explosive meltdown

DBS Group share price in dark chapter with virus

DBS Group Holdings share price ambushed by coronavirus?

DBS Group Holdings share price

Obviously, many Singapore investors are still miffing over the epic multi-billion fines meted out by Indian court against Singtel in November 2019. That saga caused Singtel to record its first quarterly loss amounting to a whopping $668 …

Keppel REIT share price to explode with special dividends?

Keppel REIT share price

My last article on Keppel REIT share price was in October 2019. Obviously, that was before the implosion of COVID-19 pandemic. Since then, the landscape has changed drastically and Keppel REIT share price was not spared from the unfolding events.

Recently, the management team provided a business update to the local finance bloggers community. I had the privilege to attend the briefing and had the opportunity to gain a deeper insight into this leading commercial REIT. For the longest time, I have been interested in investing in an S-REIT. In this article, I will share the investment merits and cons of Keppel REIT share price.

Keppel REIT share price

In the previous update, I have shared that the management had been aggressively buying back units from the market. Since then, the management went on to conduct even more units buybacks in 2020. The amount of units buybacks was truly breath-taking – at 95.3 million units since 3QFY2018. The massive units buybacks provided critical support for the stock as Keppel REIT share price bounced from $0.90 on 24 March to a high of $1.20 on 10 June 2020.

While it is very common for listed companies to conduct shares …

Sembcorp share price dances with potential India IPO

Sembcorp share price

Post-demerger with Sembcorp Marine, Sembcorp share price turned bullish to hit a high of $1.69 on 13 November. Within a span of merely two months, Sembcorp share price rose a stunning 44%, making this counter one of the best stocks, if not the best, in Singapore Exchange.

Could rumours of the blockbuster listing of subsidiary, Sembcorp Energy India Limited (SEIL), sparked the explosive rally of Sembcorp share price? Even if the IPO did not materialize in 2020, the release of SEIL’s half yearly result on 13 November certainly gave Sembcorp share price plenty of boost.

Sembcorp Industries share price will hit $3.00

Sembcorp Industries to smash $3.00 with India IPO?

Sembcorp Industries share price to hit $5.00 after demerger?

Sembcorp share price

SEIL announced a net profit of Rs3.57 billion ($55 million) for 1HFY2020, reversing losses of Rs164 million ($3 million) in 1HFY2019. The financial result of SEIL is certainly encouraging and will surely lend support to the IPO as it indicates that the market condition has improved in India. Against this backdrop, Sembcorp share price turned bullish for the couple of months.

In October, the management also implemented a slew of initiatives that helped to push up …

Wilmar share price to explode with India IPO?

Wilmar share price

Following the listing of subsidiary Yihai Kerry Arawana (YKA), Wilmar share price surged to a high of $4.70 before plunging to a low of $4.00 in October. The fall of Wilmar share price confounded plenty of investors as the market capitalization of Wilmar represented half of its value of holding in YKA at the point of the IPO. This is indeed a very strange phenomenon!

Wilmar share price is prone to movement of the big boys because in FY2019 annual report, the number of shares held by public constituted just only 28%. This means that the major shareholders have a major influence on the share price movement. Indeed, Wilmar share price took a beating in August 2020 when major shareholder, Archer Daniels Midland (ADM), sold 170.5 million Wilmar at $4.40. In addition to that, ADM had entered into a stock-borrow arrangement in respect of its Wilmar shares in connection with its offering of US$300,000,000 zero coupon exchangeable bonds.

Wilmar share price

To halt the rapid slump of Wilmar share price, the management went on the offensive to rescue the stock – ranging from shares buybacks, announcement of special dividend, insider buying and reporting a stellar 3rd quarter …

OCBC share price to explode to $10.00?

OCBC share price

Those who stay invested during crises will be duly rewarded while those who didn’t would look back and rue missing the opportunities. In this context, will OCBC share price explode to $10.00 in the coming weeks?

With Joe Biden being confirmed as the new President of United States, many investors expect a bull run in the stock market. In my view, it does not matter whether Donald Trump or Joe Biden becomes the next President because the result will only remove uncertainties for institutional players to return to the stock market. Post-election, investors should be looking at earning growth among companies. In this regard, OCBC share price could be poised for an upturn.

OCBC share price

OCBC share price held ransom by Great Eastern

OCBC share price ambushed by MAS

OCBC share price in horror show

OCBC share price in explosive free fall

OCBC share price in devastating bloodbath

3rd quarter business update could be the pivotal catalyst that sets OCBC share price on fire. The latest financial report showed that the venerable bank recorded net profit of $1.03 billion for 3QFY2020, representing 41% higher than the previous quarter. The higher net profit was driven by lower …

DBS Group Holdings share price riding the storm

DBS Group Holdings share price

Following the release of 3rd quarter business update, it seems to me that DBS Group Holdings share price is set for a much-anticipated rebound. The latest report showed that total allowances for 3rd quarter shrank to $554 million. This amount is significantly lower than the $1.94 billion recorded for the 1st half.

The drop in allowances could spark the revival for DBS Group Holdings share price as the bank navigates the fallout from COVID-19. In my opinion, this is the best window of opportunity to invest in this counter as Singapore’s GDP expanded by 7.9% on quarter in the third quarter of 2020. As DBS is the biggest lender in Singapore, DBS Group Holdings share price will be among the first stocks to benefit from the country’s recovery.

DBS Group Holdings share price

DBS Group Holdings share price & Piyush Gupta

DBS Group Holdings share in bloodbath with Hin Leong

DBS Group Holdings share in explosive meltdown

DBS Group share price in dark chapter with virus

DBS Group Holdings share price ambushed by coronavirus?

The latest financial result is certainly impressive as third quarter’s net profit jumped 4% on quarter to $1.30 billion while fee income rises …

CapitaLand share price plunged 11% within a month

CapitaLand share price

Has CapitaLand share price bottomed? October had been a terrifying month for CapitaLand share price as the counter crashed 11%, falling from $2.80 to a low of $2.50. What has led to the turbulence for CapitaLand share price?

In my point of view, the bearish form of CapitaLand share price could be attributed to more of a combination of factors than a sole underlying problem. The build-up to the US Presidential Election had led to a very volatile stock market in October. Most of the Straits Times Index (STI) components suffered carnage and CapitaLand share price was no exception.

CapitaLand share price

CapitaLand share price worth $5.00?

CapitaLand share price flying with Liang Court redevelopment

CapitaLand share price set for explosive bull run?

CapitaLand share price and the Golden Job

The second factor that punctured the form of CapitaLand share price could be the fallout from COVID-19 pandemic. Data revealed that many of its malls were still giving rental waivers to tenants in 3QFY2020. For example, Raffles City reported lower revenue and net property income mainly due to grant of $15.2 million rent waivers to tenants. 4 November will be destiny day for CapitaLand share price as the …