tag:blogger.com,1999:blog-7944902213075756335.post9140734312666608707..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Tea with Mike: UOB KayHian Holdings.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-7944902213075756335.post-45475555875824383442013-10-08T15:35:07.692+08:002013-10-08T15:35:07.692+08:00Hi Sun,
Sounds like you will make a perfect guest...Hi Sun,<br /><br />Sounds like you will make a perfect guest blogger for ASSI. I would like to welcome your maiden guest blog soon. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58399379699346387812013-10-08T15:31:52.344+08:002013-10-08T15:31:52.344+08:00I also did a similar thing for my university proje...I also did a similar thing for my university project, valuation of stock prices, with sensitivity analysis. I was conservation with my stock valuation back then and my team did a sudden shock of 50% drop in profit earnings etc <br /><br />some of the classmates didnt like it but i think the prof appreciate the different perspective and the different valuation we put up for different profile of Sunhttps://www.blogger.com/profile/06982468339123930172noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47824639992953291442013-10-07T13:29:28.837+08:002013-10-07T13:29:28.837+08:00Here's the historical dividends from the web. ...Here's the historical dividends from the web. There is a unique pattern in their distribution.If you break them by pair, you can do a trend.<br /><br />DIVIDEND 07 May 2013 SGD 0.04 ONE-TIER TAX<br />DIVIDEND 22 Aug 2012 SGD 0.005 ONE-TIER TAX<br />DIVIDEND 08 May 2012 SGD 0.06 ONE-TIER TAX<br />DIVIDEND 23 Aug 2011 SGD 0.005 ONE-TIER TAX<br />DIVIDEND 09 May 2011 SGD 0.09 ONE-TIER TAX<br />Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75921481420903424262013-10-07T11:46:02.816+08:002013-10-07T11:46:02.816+08:00Cory,
2.8% yield is trailing dividend yield at ex...Cory,<br /><br />2.8% yield is trailing dividend yield at existing price.<br /><br />1H DPS is already at 8 cents, unless you think 2H is only going to add 0.5 cents, which is extremely remote, you can expect DPS this year to be higher than the 4.5 cents given out next year.<br /><br />6% is what I would demand, it is not what it will be. If you think kayhian can do as well in the second half as Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3405637796985903072013-10-07T10:44:10.261+08:002013-10-07T10:44:10.261+08:00Hi Mike,
Michael Porter's framework is very u...Hi Mike,<br /><br />Michael Porter's framework is very useful when I assess businesses qualitatively, especially when determining whether a company has an economic moat and its potential for growth. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1201621650973933862013-10-07T08:44:28.808+08:002013-10-07T08:44:28.808+08:00The dividend yield i understand is only 2.8% at cu...The dividend yield i understand is only 2.8% at current price. Can you help clarify the 6% calculation ?Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78733431158318543172013-10-07T07:48:16.093+08:002013-10-07T07:48:16.093+08:00Thanks MW and AK,
I am intrigued by that analysis...Thanks MW and AK,<br /><br />I am intrigued by that analysis. It's rather useful in identifying gaps of understanding of companies and also the overall risk profile, and perhaps the the reward to demand to compensate the risk Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20797007627218899292013-10-06T23:51:50.226+08:002013-10-06T23:51:50.226+08:00For any reader who might be interested, I mentione...For any reader who might be interested, I mentioned Michael Porter and his books briefly in one of my earlier blog posts:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2013/08/when-to-buy-hold-or-sell-part-1.html" rel="nofollow">When to BUY, HOLD or SELL (Part 1)</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74900920929107093622013-10-06T23:42:32.455+08:002013-10-06T23:42:32.455+08:00Just do a google search on "Porter's 5-Fo...Just do a google search on "Porter's 5-Forces". There's more than enough information on it on the Net.<br /><br />The one you are referring to is PEST analysis.Musicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78089867997821292592013-10-06T15:55:41.940+08:002013-10-06T15:55:41.940+08:00Hi Mike,
Sell koyok? Now that you put it that way...Hi Mike,<br /><br />Sell koyok? Now that you put it that way, I will need to send you an invoice for services rendered liao. ;p<br /><br />I look forward to your next guest blog. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54939463325555094542013-10-06T15:39:27.990+08:002013-10-06T15:39:27.990+08:00Hey AK,
Thank you for selling koyo for my blog!! ...Hey AK,<br /><br />Thank you for selling koyo for my blog!! Hahaha. <br /><br />Just like SMOL, thank you for inspiring me to blog. Although I not quite sure about my own blog yet.. :pAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81922716847209745952013-10-06T15:06:06.522+08:002013-10-06T15:06:06.522+08:00Btw... What is the 5 forces???heard of SWOT, is it...Btw... What is the 5 forces???heard of SWOT, is it the one that include political, economical, industry, sector and company? Can u share how u do your research?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52665712513337947782013-10-06T14:30:58.736+08:002013-10-06T14:30:58.736+08:00Hi matchbox,
Mike did all the hard work. I only d...Hi matchbox,<br /><br />Mike did all the hard work. I only did a bit of editing. ;)<br /><br />Go to the left sidebar and look for ASSI's guest bloggers to read his other guest blogs.<br /><br />You might also want to visit his blog listed under "RESOURCES". Click on "Sillyinvestor". :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60905536416305911902013-10-06T14:03:32.045+08:002013-10-06T14:03:32.045+08:00Simple yet a good piece of analysis!
Thanks for sh...Simple yet a good piece of analysis!<br />Thanks for sharing AK!<br /><br />matchboxmatchboxhttps://www.blogger.com/profile/15683974403920414032noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64515970684206971012013-10-06T13:03:17.613+08:002013-10-06T13:03:17.613+08:00Hi musicwhiz,
I was asking myself the same qn, wh...Hi musicwhiz,<br /><br />I was asking myself the same qn, when I was looking at sgx before Uobkayhian, their business seem more correlated to the market sentiments than its innate ability to capture market. <br /><br />There is no way of knowing how well sgx can expand beyond the normal market forces except its derivatives products and in the case of kayhian, the others segment might be the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40273807187530125562013-10-06T11:26:26.848+08:002013-10-06T11:26:26.848+08:00Perhaps the pertinent question for UOBKH would be ...Perhaps the pertinent question for UOBKH would be - what are its growth prospects? If trading volumes and "churn" are its drivers of growth, and with business being predominantly in Singapore, what are its prospects for growing trading volumes and hence top line?<br /><br />Valuation in isolation or even compared to GK Goh/SGX may not give a full picture of the prospects of a company. Musicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72178930025311659102013-10-06T09:04:29.030+08:002013-10-06T09:04:29.030+08:00Kevin, I got it a the company website, under inves...Kevin, I got it a the company website, under investor relation. Not every companies have more than 5 years AR posted. <br /><br />Cory, actually PE is rather undemanding if u take forward PE. But I will buy Kay Hian for yield rather than growth, so PE is secondary compared to yield. <br /><br />Such a exercise is good for preventing 1 falling in love blindly. When I see the 50% payout, the good Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58226749870137803502013-10-06T00:12:45.686+08:002013-10-06T00:12:45.686+08:00Hi Kevin,
This is a guest blog by Mike. I am sure...Hi Kevin,<br /><br />This is a guest blog by Mike. I am sure he will reply to you soon. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33371044535003901972013-10-05T22:31:18.062+08:002013-10-05T22:31:18.062+08:00PE is a little high. Current yield is quite low. PE is a little high. Current yield is quite low. Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87720307142949745392013-10-05T21:30:41.703+08:002013-10-05T21:30:41.703+08:00Hi AK,
I am reading your posting with great inte...Hi AK, <br /><br />I am reading your posting with great interest. I am wondering where could I get the pass years' financials beyond 5 years back. Thanks.<br /><br />KevAnonymoushttps://www.blogger.com/profile/09539156175001900004noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72015555582102840172013-10-05T10:51:03.570+08:002013-10-05T10:51:03.570+08:00Good analysis! =)Good analysis! =)Garyhttps://www.blogger.com/profile/16720789927377358171noreply@blogger.com