Kingsmen's share price - SGD0.51 as of 16 August is trading below net tangible assets (SGD0.54) again which seems very cheap for a service company. Kingsmen reported mixed 2Q19 results - revenue up 12% year on year but net profit down 38% year on year mainly because of forex issues. The interim dividend has been … Continue reading Kingsmen: 2Q19 results, valuation and NERF
I have uploaded a 9 page SOG report here on InvestingNote and will be grateful if you can vote for me after you download the report. No one has voted for me yet so I'm hoping everyone can help... I'm planning to donate 100% of any cash prizes to charity and there's a lucky draw prize … Continue reading SOG 2Q19 results: Patience needed… and a 9 page SOG report!
iFAST, which is one of my major positions reported a mixed set of results for the second quarter of 2019 but there was some good news too. Assets under administration (AUA) grew 8.5% year on year to a record SGD9.0 billion despite weak unit trust subscriptions. The company's bond business is growing rapidly with bonds … Continue reading iFAST Q219 results: Record AUA, Singapore digital bank license bid but lower net profit
I wrote this note on InvestingNote last week. Pricing for the Nerf Marina Square attraction is out! My initial reactions: Average pricing $23 to $39 per entry Lower end is meant for off peak (Monday to Thursday sessions) and NERF groups who just need an obstacle course for their group games. Kingsmen is also catering … Continue reading Kingsmen: NERF Marina Square
Kingsmen's plan to develop NERF attractions is one of the key reasons why I invested in this company so I wanted to share what I learned during the 2018 annual general meeting. The total investment in NERF Marina Square is expected to be around SGD5 million so Kingmen can survive the hit even if this … Continue reading Kingsmen: NERF matters
All five Evergreen stocks (iFAST, Kingsmen, SOG, China Aviation Oil and HRNet) reported poor results for the first quarter of 2019 but I'm sticking with them. These companies have a history of producing great results and I'm giving them 2-3 years more before I consider selling. iFAST Revenue and net profit declined because of "a … Continue reading Portfolio review: Q1 2019 results
SOG is one of the largest positions within my portfolio so I attended the Singapore O&G (SOG) annual shareholder meeting yesterday. Here are the key highlights: SOG market share for baby deliveries increased from 8.0% to 8.9% in 2018. While Dr Heng delivered the most babies within the group, it was the younger O&G doctors … Continue reading Singapore O&G’s 2018 AGM