Initiated small position in UMS today.
Prices still falling and may fall further but I decided its 'cheap' enough to start buying.
Was on my watch list for quite a long while but did not had any opportunity as I continue to watch this stock keep on running up...
In the biz of semiconductor industry and its downside risks is tied closely to its key customer Applied Materials (80% of revenue).
It has a contract with Applied Materials until 2017 (renewable) and to me, its strong relationship with Applied Materials is its economic moat.
Applied Materials recently is reducing its stake in UMS that is causing the plunge, plus the CEO selling his shares too.
I am buying as I am not trying to read too much into their actions.
Companies/people sell their stocks for various reasons so I am of opinion (optimistic) that it is not due to a deterioration of UMS fundamentals or relationship with Applied Materials.
Keeping fingers crossed.
At current prices, PE approx. 8, dividend yield >7% for a net cash company with sound fundamentals and strong earnings.
Sounds good to me.
He's on his way home
Tuesday, June 17, 2014
Thursday, June 5, 2014
Kingsmen Creative
Decided to initiate small position in Kingsmen today.
Designs & produce exhibits and reputed for quality interior design works,
with a niche in the mid to up-market retail sector.
Track record indicate that we are looking at a strong & steadily growing company,
PE 10 at current prices suggest it is slightly undervalued (for a steady grower).
Also looking attractive as a net cash company,
dividend yield 4.3% at current prices with a potential dividend growth story.
Am anticipating a bump up in dividends especially that we are expecting a good FY14.
Designs & produce exhibits and reputed for quality interior design works,
with a niche in the mid to up-market retail sector.
Track record indicate that we are looking at a strong & steadily growing company,
PE 10 at current prices suggest it is slightly undervalued (for a steady grower).
Also looking attractive as a net cash company,
dividend yield 4.3% at current prices with a potential dividend growth story.
Am anticipating a bump up in dividends especially that we are expecting a good FY14.
Added TTJ to core portfolio
Added to TTJ recently, making my average price SGD0.289.
Now total of 35 lots, significant to make it part of my core portfolio,
which now consist of 5 stocks, 2 REITs.
In the biz of structural steel, it is riding on the infrastructure boom in Singapore.
A net cash company with a good & growing earnings track record, looking at (based on 1H results) possible record earnings for this FY.
Dividends wise, at my purchase price only 3.5% yield but I believe there is a dividend growth story.
With the continuing positive outlook for the construction sector in Singapore, given TTJ's excellent track record, I am confident it will get its fair share of opportunities.
PE ratio about 6 for an established company with solid track record, I think it is undervalued.
Now total of 35 lots, significant to make it part of my core portfolio,
which now consist of 5 stocks, 2 REITs.
In the biz of structural steel, it is riding on the infrastructure boom in Singapore.
A net cash company with a good & growing earnings track record, looking at (based on 1H results) possible record earnings for this FY.
Dividends wise, at my purchase price only 3.5% yield but I believe there is a dividend growth story.
With the continuing positive outlook for the construction sector in Singapore, given TTJ's excellent track record, I am confident it will get its fair share of opportunities.
PE ratio about 6 for an established company with solid track record, I think it is undervalued.
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