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2301-2320 of 3013
New low???
Fed has 1 more final round to exercise rate hikes before closing 2022
Maybe around 950 to 970. Can buy and keep. Next month should be start to slowly rebound
JAD_Trader ( Date: 30-Sep-2022 09:30) Posted:
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Wah....
Price continues to drop. Where is the bottom??
Price continues to drop. Where is the bottom??
Buy liao 40lots wait for rebound tmr
limkt009 ( Date: 28-Sep-2022 16:22) Posted:
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Bought at 1.01 and 1.02, 1.00 seemed to elude me. Prepared to average down in the days ahead if needed.
limkt009 ( Date: 28-Sep-2022 16:22) Posted:
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dont talk only, buy some
piscesmonkey ( Date: 28-Sep-2022 15:47) Posted:
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Wah hoot ah $1
bishan22 ( Date: 28-Sep-2022 13:46) Posted:
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Thanks for the BV reminder.
TraderBen ( Date: 28-Sep-2022 14:16) Posted:
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waiting at 80 cents.. at BV.. lots of uncertainties ahead.. and funds likely will stay clear of semi conductor stocks for the near future..
It's a steal now...
wehuattogether88 ( Date: 28-Sep-2022 13:15) Posted:
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Omg, below $1 now.
Is the stock a goner?
trending back to $1
immediate resistance at 1.20.. anything below that shows weakness..
wehuattogether88 ( Date: 26-May-2022 15:23) Posted:
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UOB Kay Hian adds Frencken and LREIT to its alpha picks portfolio, removes Singtel and SingPost
UOB Kay Hian has added Frencken and Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio for the month of June.
The team&rsquo s portfolio fell 2.9% m-o-m in May, but still outperformed the benchmark Straits Times Index (STI)&rsquo s 3.7% m-o-m decline.
&ldquo Key stocks that outperformed for us were Venture (+7.4% m-o-m), ThaiBev (+2.3% m-o-m) and Keppel (+0.3% m-o-m) while mm2 (-13.8% m-o-m) and Singtel (-6.5% m-o-m) underperformed,&rdquo the team writes in their report dated June 2.
To the analysts, Frencken&rsquo s current valuations are deemed inexpensive, trading at an FY2022 P/E and EV/EBITDA of 7.5x and 3.4x respectively along with a prospective yield of 4%.
Analyst Clement Ho has kept &ldquo buy&rdquo on the counter with a target price of $1.63, which is pegged to Frencken&rsquo s FY2022 P/E of 10.4x, or its historical mean P/E range.
The group posted growth across most of its segments for the 1QFY2022 save for the automobile segment. During the quarter, Frencken&rsquo s revenue of $198.4 million, which increased by 9.3% y-o-y, was led by growth from the semiconductor, analytical & life sciences and industrial automation segments.
Sales in the medical segment remained relatively stable.
The automobile segment, however, was impacted by constrained customer demand on the back of the chip shortage and disruptions arising from the Russo-Ukraine conflict.
&ldquo We believe the global automobile industry will face an extended period of slow production amid adjustments in the global supply chain,&rdquo Ho writes.
&ldquo We maintain the view that the current forward P/E valuation of 7.7x for Frencken is attractive due to its diverse stream of revenue sources, which would help the company stand out amid a volatile macro environment,&rdquo he adds.
LREIT was also added to UOB Kay Hian&rsquo s alpha picks portfolio as the analysts are positive on the REIT&rsquo s organic growth from its new asset, Jem.
LREIT&rsquo s exposure to sequentially higher tourist arrivals, which will benefit its Orchard Road mall, 313@Somerset, is yet another plus, in the analysts&rsquo view.
Analyst Jonathan Koh has kept &ldquo buy&rdquo on LREIT with a target price of $1.01.
To him, LREIT&rsquo s maximising returns from Jem, which attracts shopper traffic of some 22 million a year, is a positive move.
&ldquo Management plans to unlock additional net lettable area (NLA) at level one (4,600sf) and basement one (850sf) to cater for demand for more retail space,&rdquo he says.
In addition to the return of tourists to Singapore, which would restore shopper traffic to 313@Somerset, LREIT&rsquo s redevelopment of the Grange Road carpark is expected to be operational by early-2023.
Take profit on Singtel SingPost removed despite bullish sentiment
Meanwhile, the analysts have removed Singapore Telecommunications (Singtel) from its portfolio, opting to take profit on the counter&rsquo s gains.
The counter has done well for the brokerage, gaining some 5% since its inception into the portfolio.
On the other hand, Singapore Post (SingPost) was dropped from the portfolio despite their bullish outlook in the medium term. The removal comes as air freight rates have not shown signs of dropping.
Frencken turned negative after hitting S$1.19.
Signal of downtrend continues.
Signal of downtrend continues.
hit support turned resistance.. and sellers flocked back.. lets see..
Yes agree with you. Good chance to accumulate more on fear and keep for long-term.
TingHai88 ( Date: 25-May-2022 17:15) Posted:
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u turn