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Equities / Re: Spot KLCI Index
« Last post by king on Today at 10:49:04 AM »
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Equities / Re: Casino Stocks
« Last post by zuolun on Today at 10:20:03 AM »
Zuolun bro,

B61 got in ard 4.65

B69, UD1U and B61 = 3 headless houseflies response to light = 3只无头苍蝇见光死! :thumbsdown:

Technical analysis says Bukit Sembawang (B61) is a bull trap.

What is a bull trap?
https://www.investopedia.com/terms/b/bulltrap.asp

Bukit Sembawang (B61) hit a high of S$5.90 on 21 Jun 2019 and closed @ S$4.59 on Friday 7 Feb 2020.



Bukit Sembawang closed @ S$3.66 on 26 Oct 2020.

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Equities / Re: Spot KLCI Index
« Last post by king on Today at 10:04:55 AM »
1503
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Equities / Re: Spot KLCI Index
« Last post by king on Today at 10:01:01 AM »
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Equities / Re: Spot KLCI Index
« Last post by king on Today at 09:54:37 AM »
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Equities / Re: Casino Stocks
« Last post by zuolun on Today at 09:51:15 AM »
Zuolun bro,

B61 got in ard 4.65

B69, UD1U and B61 = 3 headless houseflies response to light = 3只无头苍蝇见光死! :thumbsdown:

If you had known Bukit Sembawang (B61) is a value trap, you wouldn't have done it.

What is a value trap?
https://www.investopedia.com/terms/v/valuetrap.asp

Bukit Sembawang ~ Trading in a downward sloping channel, interim TP S$3.40, next TP S$3.20

Bukit Sembawang closed with a shooting star @ S$3.66 (+0.02, +0.5%) with 660,000 shares done on 26 Oct 2020.

Immediate support @ S$3.61, immediate resistance @ S$3.75.



Bukit Sembawang closed @ S$3.66 on 26 Oct 2020.



Cautionary tale of research reports
http://www.thestar.com.my/business/business-news/2016/02/27/cautionary-tale-of-research-reports/

Broker's take: DBS says Bukit Sembawang land bank undervalued, initiates with 'buy'

By Vivienne Tay
Fri, Oct 23, 2020 - 12:41 pm

DBS Group Research has initiated coverage on Bukit Sembawang Estates with "buy" and a S$5.44 target price.

The research team said the property developer's large land bank is undervalued and able to last another decade. The land is pegged at "extremely low" historical cost valuation. DBS estimates a revalued net asset value of S$12.10 per share.

Bukit Sembawang's land bank, which is slated for landed property, is estimated to be over 235,000 square metres.

DBS also said the stock offers "compelling value", trading at a price-to-book ratio of 0.7 times near -2 standard deviation of historical means.

Moreover, dividend normalisation is a catalyst for Bukit Sembawang, DBS analyst Derek Tan said. With strong sales across its landed development projects in the past year and a pipeline of new projects, the research team believes Bukit Sembawang may eventually raise dividends back to the 18 to 33 Singapore cents per share range, implying a "Reit-like" yield of 5 to 9 per cent.

"As Bukit Sembawang's land bank is utilised, we estimate that long-term investors could receive some 70 per cent of their capital from holding on to Bukit Sembawang for the next decade," Mr Tan said.

The property developerís move to pivot its business model to build a recurring income base will also boost dividends, DBS said. This could generate revenues of about S$11 million per annum, DBS said. The group will debut this strategy with its serviced apartment Fraser Residence Orchard.

With an almost net cash balance sheet, Bukit Sembawang can gear up to fund acquisitions. Assuming a target net debt-to-equity ratio of 0.3 to 0.6 times, the group has potential debt-funded headroom of about S$360 million to S$750 million, Mr Tan said.

Shares of mainboard-listed Bukit Sembawang were trading up 3.1 per cent or S$0.11 to S$3.62 as at 1.38pm on Friday.
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Equities / Re: Spot KLCI Index
« Last post by king on Today at 09:45:11 AM »
1499
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Equities / Re: Spot KLCI Index
« Last post by king on Today at 09:33:11 AM »
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Equities / Re: Spot KLCI Index
« Last post by king on Today at 09:24:09 AM »
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Equities / Re: Spot KLCI Index
« Last post by king on Today at 09:08:39 AM »
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