ABR Holdings Limited in Focus

ABR Holdings Limited in Focus

ABR Holdings Limited (2017-08-29) close: S$ 0.710 Mean Target price: No research houses covering ABR. No consensus estimates is available.   1. Sector: Food and Beverage 2. Core business structure: Swensen’s operations 3. Segments that generates the highest revenue: Revenue from external customers 4. Countries that the business operates: Singapore, Malaysia, Asia 5. Challenges: Amid economic ambiguity, people are choosing to eat simply rather than at high class restaurants. This affects Swensen’s revenues 6. Strengths: While the Malaysian Ringgit has depreciated relative to the Singapore Dollar, their Malaysia outlets nonetheless…

8Telecom in Focus

8Telecom in Focus

8Telecom (2 Aug 2017) Close: S$0.064 Mean Target price: No research houses covering 8Telecom. No consensus estimates are available 1. Sector: Infrastructure 2. Core business structure: Telecommunication; Property 3. Segment that generates the highest revenue: Telecommunications and other Towers 4. Countries that the business operates: China 5. Challenges: Feeble Chinese economy; Chinese stock markets underwent key sell-offs. 6. Strengths: The group holds 128 patents and 73 registered trademarks; Managed to lower operating costs in 2015. 7. Significant events: More money was funneled into research to tap onto the 4G rollout;…

NEO Group in Focus

NEO Group in Focus

NEO GROUP (BUJ.SI) (14 June 2017) close: S$ 0. 67 Mean Target price: S$ 0. 68 1.) Sector: Catering company 2.) Business Segments: (a) Food catering business (b) Food retail business (c) Food and catering supplies business (d) Food manufacturing (e) Food trading (f) Other businesses (Other businesses segment involved in the design, marketing and distribution of floral arrangements, gifts and hampers and manufacturing of bread, cakes and confectionery.) 3.) Countries that the business operates: 29 countries 4.) Challenges: Given its high gearing ratio, there are little room for the business to…

Qian Hu in Focus

Qian Hu in Focus

Qian Hu (BCV.SI) (29 March 2017) close: S$ 0. 18 12-M Target price: S$ 0. 16 1.) Sector: Ornamental fish service provider 2.) Core business structure:  Accessories, Fish and Plastics contribute 46.8%, 39.4% and 13.8% of the group total revenue respectively.  3.) Business Segments: There are 4 segments. Fish – includes fish farming, breeding, distribution and trading of ornamental fish; Accessories – includes manufacturing and distribution of aquarium and pet accessories Plastics – includes manufacturing and distribution of plastic bags Retail – Integrated approach to all core products plus value added services through retail chain…

QT Vascular in Focus

QT Vascular in Focus

QT Vascular (5l0.SI) (2Feb2017) close: S$ 0.061 12-M Target price: S$ 0.050 1.) Sector: QT Vascular is engaged in the the design, assembly and distribution of balloon catheters used in angioplasty. (Healthcare) 2.) Core business structure:  Sales of its Chocolate® PTA Balloon Catheter (“Chocolate PTA”) and Glider PTCA.  3.) Business Segments: The Group has one business activity and there are no segment managers who are held accountable for operations, or plans for levels or components below the consolidated unit level. Accordingly, the Group operates as a single reportable segment.  4.) Countries that the…

Singapore Airlines in Focus

Singapore Airlines in Focus

Singapore Airlines (C6L.SI) (27Jan2017) close: S$ 9.91 12-M Target price: S$ 9.80 1.) Sector: Aviation 2.) Core business structure: The group’s subsidiaries includes SIA Engineering Company, SIA Cargo, SilkAir, Scoot and Tigerair. 3.) Business Segments:  Airline operations, Cargo operations, Engineering services and others contribute 83.9%, 13.3%, 2.6% and 0.2% of the group’s revenue respectively. 4.) Countries that the business operates:  5.) Challenges: Vulnerable to demand shocks and fuel price increase. SIA is susceptible to demand shocks such as economic outlook or pandemics. Fuel costs account for over a third of SIA’s operating costs and should…