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OUE Hospitality Trust 1Q2017 Results – Signs of Recovery?

OUE Hospitality Trust Logo

Recently, I noticed the share price of OUE Hospitality Trust has gone up slight by a bit. It even broke above $0.70 on 5th April 2017. While research reports published by analyst says that hospitality sector is improving and the worst may be over for 2017, I still have doubts. Since OUE Hospitality Trust makes up 5% of my current stock portfolio, I decided to take a brief look at its 1Q2017 financial results.

Below are some notes I took from the OUE Hospitality Trust 1Q2017 financial results presentation. (more…)

Kingsmen Creatives Turning Around in 1Q2017

Kingsmen Creative Logo

Kingsmen Creatives have just released their 1Q2017 results.

  • Kingsmen Creatives recorded a revenue of S$66.2 million in first quarter of 2017 which is an increase of S$4.7 million or 7.7% compared to S$61.5 million in 1Q 2016.
  • Gross profit in 1Q 2017 increased by S$2.2 million or 16.2% to S$15.6 million compared to S$13.4 million in 1Q 2016. The increase was a result of higher revenue and gross profit margin recorded. Gross profit margin was higher at 23.5% in 1Q 2017 compared to 21.8% in 1Q 2016.
  • Cash and cash equivalent decreased to S$58.5 million. In my previous post, I mentioned they have cash and cash equivalent of S$74.6 million. I feel that there is nothing to worry about as Kingsmen Creatives have an increase in working capital requirements of S$12.6 million and they are still cash rich.

(more…)

My Personal Analysis of Tai Sin Electric Limited

This is one penny stock where I see frequent discussion and praises on how good this company is. I decided to do some research and personal analysis on this company to reduce the risk of stepping into a land mine if I decide to add this to my stock portfolio.

Tai Sin Electric Limited, a business with 35 years of history started as a cable manufacturing business in 1980. Tai Sin Electric was listed on the SESDAQ (“Stock Exchange of Singapore Dealing and Automated Quotation”) in 2005 and later transferred to SGX main board in 2005.

With a long business history, Tai Sin Electric Limited businesses were very diversified as it invested in Electrical Equipment, Switchboard, Lamps and Lighting and even Sanitory which deals with plumbing and sewage works. In 2007, Tai Sin Electric  Limited went through a restructure to classify their business into four clusters (Manufacturing, Distribution, Services, Strategic Investment). (more…)

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