|Bid||1.3200 x 0|
|Ask||1.3300 x 0|
|Day's range||1.3200 - 1.3500|
|52-week range||1.0400 - 1.6100|
|Beta (3Y monthly)||0.74|
|PE ratio (TTM)||12.31|
|Forward dividend & yield||0.04 (3.28%)|
|1y target est||1.27|
Brent crude oil tumbled last month, triggered by the US government reporting an unexpected surge in the crude inventories coupled with increasing worries of demand slowdown amidst various trade conflicts. Closing at US$60.63 a barrel on 5 June 2019, brent crude oil has sunk by as much as 21 percent from its April peak. Nevertheless for investors who believe that oil prices are cyclical in nature and that the current sell-off is merely temporarily, we are closely looking at China Aviation Oil which allows investors a direct exposure to a likely oil price recovery.
A dive into Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6), Yanlord Land Group Limited (SGX: Z25), and China Aviation Oil (Singapore) Corp Ltd (SGX: G92), three big Chinese companies listed on the Singapore stock exchange.
China Aviation Oil (Singapore) Corp Ltd (SGX: G92) may have a near monopoly of jet fuel trading in China, but it still faces these two big risks.
Once again, the quarterly earnings season is in full swing. As companies release their results, analysts are on the streets are also busying themselves with revising their estimates.
Frasers Logistics & Industrial Trust’s 3Q18 results came in within our expectations with gross revenue and NPI rising 22.6% and 21.7% respectively. This was driven largely by contribution from acquisitions in Australia, annual fixed rental increment in the group’s Australia portfolio as well as incremental NPI from its Europe portfolio acquired in May-18. As a result, DPU improved 3.2% to $0.0541. Overall portfolio metrics remained healthy with high occupancy at 99.3% and only 0.1% and 3.4% of its leases expiring for 4Q18 and FY19, while aggregate leverage stood at 36.3% following the completion of Europe portfolio acquisition. Although there has been an increase in industrial supply in Sydney and Melbourne, demand continues to be strong which can be seen from the 4.6% growth in prime grade net face rents for Sydney in 2Q18. For Melbourne, prime grade net face rents grew 1.1%. Maintain BUY. OCBC Investment (3 Aug)
China Aviation Oil (Singapore) Corporation Ltd (SGX:G92) is a small-cap stock with a market capitalization of S$1.32b. While investors primarily focus on the growth potential and competitive landscape of theRead More...