The night is always darkest before the dawn. Although I am not entirely sure that it is now dawn for the Hong Kong market, I must admit that it has been a boon for those accumulating beaten-down Hong Kong blue chips. It would have been an easy 15% gain at least since the entire Hang … Read more
OCBC has announced an offer to buy the remaining 11.56% stake in Great Eastern that it does not own, at S$25.60 per share. The deal will be worth S$1.4 billion. The more interesting question is, why now? It’s not as if OCBC lacked funds. In fact, its recent quarter’s net profit was a record S$1.98 … Read more
This dreaded assignment eventually fell into my hands, being the only analyst with Malaysian roots. To be upfront, I have not followed much on the Malaysian markets, and when the news about Capital A Berhad (KLSE: CAPITALA) restructuring plan broke, I deemed it too complicated to even waste brain energy contemplating the mental gymnastics involved. … Read more
There are 631 stocks listed on the Singapore exchange. I’ve limited the dataset to the Straits Times Index (STI) constituent stocks, then use the SGX Stock Screener to filter for those with a Price-to-Book (PB) ratio of less than 1 which means that they are trading below their net asset value. Would we be able to … Read more
Mention Carlsberg (KLSE: CARLSBG) or Heineken (KLSE: HEIM) to anyone, and they will automatically have a preferred brand in mind. However, when it comes to which of the 2 is a better dividend stock, even I myself have switched sides over the years. Both companies are the only 2 licensed beer breweries to have their … Read more