|Bid||0.69 x 0|
|Ask||0.70 x 0|
|Day's range||0.6900 - 0.7050|
|52-week range||0.6000 - 1.2100|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||9.08|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.80|
800 Super Holdings Price – $0.64 Target – $1.03 800 Super Holdings’ (800 Super) negative surprise of a 4Q18 loss dragged FY18 PATMI 25% lower than our estimate. Manpower cost, which is the largest cost component, came in 20% higher than expected for 4Q18. The group’s balance sheet has also weakened with debt-to-equity ratio increasing […]
The local equities market has been in the correction phase for quite some time now, as the benchmark Straits Times Index slid more than 11.2 percent after hitting a historical high of 3615.28 in May this year. While some may see this as an opportunity for bargain purchases, others are fearful that this may just be the beginning of a more devastating decline that is yet to come. Since there is no way to ascertain if we are near the market bottom, adding on to positions of well-run companies in the defensive sectors could therefore be a sensible approach in times like this. Defensive businesses offer products and services which are needed by consumers all year round and hence their share prices are less likely to be affected during downturns.
Geopolitical uncertainty is back again. In the US, despite wrapping up what was a really strong earnings season, stocks succumbed to pressure when President Donald Trump announced tariffs on imported aluminium and steel. In a knee-jerk reaction, the EU – one of US most important allies and trading partners – has threatened for a levy on digital revenues, in its effort to raise more taxes from American tech giants. Globally, investors are cowering in fear that the opening salvos are just a prelude to what could potentially reverberate into a full-scale trade war.