Ringgit hovers high ahead of CPI

Ringgit trades near a 13-month high ahead of a report this week that’s forecast to show Malaysian inflation remained elevated last month, bolstering the case for higher

interest rates.

 -USD/MYR little changed at 4.1508; reached 4.1470, lowest since October 2016

- Support 4.0962, 4.0945, 4.0360; resistance 4.1990, 4.2440, 4.2535
October CPI +4.1% y/y vs 4.3% in September, which was the fastest in five months: Bloomberg survey ahead of data due at noon local time Wednesday

 Bank Negara said this month it was considering moving away from an accommodative monetary stance as the economy strengthens

 EM Asian FX are expected to rebound from Monday’s drop, which was fueled by the German crisis, although moves will be limited in the run-up to the Thanksgiving holiday, says Sean Yokota, head of Asia strategy at Skandinaviska Enskilda Banken AB in Singapore

While risk sentiment remains positive, USD is expected to strengthen heading into year-end as the Federal Reserve raises interest rates

 BNM unveiled further measures to develop the domestic FX market on Monday, including the introduction of interbank bills and allowing lenders to short-sell Islamic govt bonds

Govt will identify measures to mitigate impact if retail fuel prices keep rising: finance ministry

Yield on 10-year sovereign notes rises 2bps to 3.99%

Govt to auction 2b ringgit of 2033 bonds on Wednesday

Global funds net sold 297.1m ringgit of Malaysian stocks in week ended Nov. 17, biggest five-day outflow in seven weeks: MIDF Amanah Investment

OCBC has upgraded its 2017 GDP growth estimate for Malaysia to 5.5% from 5.2%

Expects BNM to deliver at least a one-time rate hike in 2018.

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THE 10 THINGS INVESTORS SHOULD KNOW FROM THE EARNINGS ANNOUNCEMENT

1. Revenue for the quarter rose 20.9% year-on-year to S$25.1 million.

2. All business segments performed well, except the Coating & Painting (C&P) division. This division saw its revenue fall 32.5% year-on-year to S$2.9 million.

Revenue from Repairs & Redecoration (R&R) surged 62.7% to S$7.4 million while Addition & Alteration (A&A) revenue grew 34.9% to S$10.2 million. The Others division posted a revenue growth of 5.9% to S$4.6 million.

3. Since the cost of sales increased more than revenue, gross profit margin for the quarter was 17.7%, down from 22.5% a year ago.

4. Net profit ballooned 54.6% to S$1.5 million.

5. The net profit margin rose 1.3 percentage points to 6%.

6. Basic and diluted earnings per share for the quarter was 0.53 Singapore cents, up from 0.34 cents a year ago.

7. The balance sheet strengthened for the latest period. As of 30 September 2017, ISOTeam had S$22.9 million in cash and cash equivalents, and S$23.4 million in total debt. This translates to a net debt position of S$0.5 million. In comparison, at the end of June 2017, it had a net debt of S$3.3 million.

8. Cash flow from operations for the quarter vastly improved to S$3.6 million versus last year’s figure of negative S$0.8 million. With capital expenditure at S$0.87 million in the latest quarter, the firm generated a free cash flow of S$2.8 million.

9. Executive chairman and chief executive officer, Anthony Koh, said: “Moving forward, we intend to build on the momentum of our first quarter achievements and focus on increasing efficiencies within the Group, while looking to extract synergies from our recent acquisitions, investments and joint ventures”.

He added: “With signs of improving economic conditions, we are also optimistic that more C&P projects will come up for tender soon and the segment is expected to recover after 1Q2018”.

10. As of 27 October 2017, ISOTeam’s order book was at S$87.2 million, which will be progressively delivered over the next two years.

Shares of the firm are now going at S$0.355. This translates to a trailing price-to-earnings ratio of 14.4 and a dividend yield of 1.8%.

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The Stock Market : Help You Stay Out Of Trouble with 2 simple Criteria

The articles looked at the companies through a 10-point investing checklist developed by the late Benjamin Graham. Graham was a successful investor, the mentor of billionaire investor Warren Buffett, and the author of two classic investment texts, Security Analysis and The Intelligent Investor.

In my articles on Ezra, Nam Cheong, and Triyards, I wrote that Graham would very likely not be interested in them at all, given that they had failed the checklist. Graham’s checklist turned out to be prescient. Since the publication of my aforementioned articles, Ezra, Nam Cheong, and Triyards have seen their stock price collapse by 77.1%, 28.6%, and 65%, respectively. Over the same time periods, the Straits Times Index(SGX : STI ) has gained 12.1%, 9.4%, and 8.5%.The articles looked at the companies through a 10-point investing checklist developed by the late Benjamin Graham. Graham was a successful investor, the mentor of billionaire investor Warren Buffett, and the author of two classic investment texts, Security Analysis and The Intelligent Investor.

In my articles on Ezra, Nam Cheong, and Triyards, I wrote that Graham would very likely not be interested in them at all, given that they had failed the checklist. Graham’s checklist turned out to be prescient. Since the publication of my aforementioned articles, Ezra, Nam Cheong, and Triyards have seen their stock price collapse by 77.1%, 28.6%, and 65%, respectively. Over the same time periods, the Straits Times Index (SGX STI has gained 12.1%, 9.4%, and 8.5%.

Graham’s checklist touched on three important areas: (1) A stock’s valuation; (2) the strength of the stock’s balance sheet; and (3) the stability and growth in the stock’s historical profits.

When I wrote my articles on Ezra, Nam Cheong, and Triyards in February and March this year, all of them had weak balance sheets (characterised by high debt levels and a low current ratio), and a poor track record in generating growing and/or stable earnings.

The experience of the three oil and gas companies is a good reminder for investors to be wary of stocks that have debt-laden balance sheets and an inability to deliver growing profits. Staying away from such stocks could help steer you far from trouble in the stock market. Of course, not every stock with these two characteristics will be a loser. But, if you see these characteristics appear, consider them a yellow flag at the very least.

Source :  fool.sg

Market Forecast from Expert Technical Analyst

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Ringgit seen at 4.15-4.30 vs USD as investors take cue from Trump — FXTM

The ringgit is seen hovering between 4.15 and 4.30 against the US dollar for the rest of 2017 due to the lack of progress in US President Donald Trump's policy execution, according to ForexTime Ltd (FXTM) global head of currency strategy and market research Jameel Ahmad.

Jameel said the ringgit's direction now rests on Trump's tax policies and who Trump appoints as the next Federal Reserve Chair. He said US interest rate hike expectation has been priced into the market, hence, no longer a heavy concern for the ringgit.

Jameel said, "If Trump nominates somebody much more cautious than [current Federal Reserve Chair Janet] Yellen, much more anxious and less enthusiastic towards raising US interest rates, financial markets and all the currencies that are trading against the US dollar including the Malaysian ringgit will find an opportunity to strengthen."

Jameel, who was speaking here today at a media briefing on the ringgit and Malaysia's economic outlook, retained his view that the ringgit is still oversold.

At 2:45pm, the ringgit was traded at 4.2317 against the US dollar. Over the last one year, the exchange rate was between 4.1760 and 4.5002.

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“Happy” Companies To Invest In?

Happy employees are more efficient, motivated and productive. Companies that are highly regarded in this respect are not only able to attract top talent, but also have higher efficiency and productivity.

According to research from the University of Warwick, happiness made people around 12% more productive. The research team concluded that “positive emotions appear to invigorate human beings.”

Another report by Glassdoor found that companies rated highly by their employees outperformed the S&P 500 index by 122% over a five-year period between 2009 and 2014. On the other hand, those rated poorly underperformed the index by 29.5%.

What should investors look out for?

The link can be attributed to employees striving for excellence in work environments that reward them accordingly. The rewards can be through greater opportunities, job security or a chance of promotion. Teamwork and collaboration are also attributable factors that can keep workers engaged and motivated.

The Foolish bottom line

In a study comparing Fortune’s “Best Companies to Work For”, researchers found that companies who made the list consistently outperformed their counterparts in the stock market.

They also found that investors did not put sufficient value on finding companies that had positives intangibles such as employee well being.

As investors, we should look out for companies that emphasise employee welfare as it not only gives us a clear conscience but may also reap us better long-term returns.

STOCK MARKET 

Source : www.fool.sg

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Invest Fair 2017: Investing in 20s, 30s and 40s

I was invited as a panelist to share my investing experience at Invest Fair 2017 at Suntec Convention Halls last Sunday, together with Jes (SimplyJesMe), Brian (ForeverFinancialFreedom) and Alison (Heartlandboy) and Mark Cheng (Moderator from MoneySmart). The topic given is Investing in 20s, 30s and 40s, and looks like I was invited to represent the 40s and retirees because the other 3 panelists are in 20s and 30s.

Investing in 20s:
As most people just start to get in touch with investing, how should one educate themselves on investing and the fundamentals of financial planning?
Kenny:
In general, I find that there is a lack of financial literacy in Singapore. If given a chance for me to start all over again after I graduated from the university, I would like to find an experience mentor to guide me on the Life Stage Financial Planning Process and invest in myself to equip myself as much financial knowledge as possible. I have wasted the first 15 years since graduation losing money investing into something I don’t understand like Time Shares, Land banking, oversea properties, Singapore S-chip, Singapore blue chip (Creative Technology, Chartered Semiconductor, etc).. Basically I have wasted my previous time and my money doing trial and error and give hefty tuition fee to the investment world.

Investing in 30s
Most people would say that 30s is the best time to take risk, what are your view on this?
Kenny
There are always risks in investing. No investment is guaranteed in this world. Risk Management is one of the important skills one should master before investing. Invest in something that you can sleep well at night and can afford to lose.  A sole bread winner in 30s who needs to support his / her family, children, elderly parents without any insurance protection is not suitable to invest in risky asset classes with lock in period. Everyone’s risk tolerance is different at different life stages.
 
Investing in 40s
This is the stage when we are reaching retirement age, how should this affect our assets management and investment portfolio?
Kenny
We have to prepare for loss of jobs and reduce in income.
We also start to visit hospital or clinics more for ourselves and taking care of our elderly parents. Hospital will probably one of the most visited places for the rest of our lives from now onward.

source : https://www.investingnote.com/posts/204475