Weekly Update - 27 May

Weekly Update - 20 May

Daily Recap - 19 May

GLP: 4QFY16 net profit (excluding revaluation) fell 21% to US$51.7m bringing FY16 net profit to $240.9m (+20%). FY16 revenue climbed to US$777.5m (+9.8%). Raised DPS to 6c (FY15: 5.5c). NAV/share at US$1.87. 

Performance

	19/05/2016	Since inception
Fund	0.980 (Not available)	-1.96%
STI	2740.11 (-1.33%)	-6.29%

Daily Recap - 16 May

Q&M: 1Q16 net profit jumped 28% to $3.7m as revenue came in at $34.4m (+18.6%). Gross margin expanded to 86.2% (+2.8ppt).

Performance

	16/05/2016	Since inception
Fund	0.975 (0.271%)	-2.487%
STI	2736.060 (0.040%)	-6.429%

Daily Recap and Weekly Update - 13 May

ISEC: 1Q16 net profit soared 108% to $1.6m as gross margin expanded to 50.2% (+4.8ppt). Revenue increased 7.2% to $6.8m. 

Performance

	13/05/2016	Since inception
Fund	0.973 (-0.047%)	-2.750%
STI	2734.91 (-0.340%)	-6.465%

Daily Recap - 12 May

United Engineers: 1Q16 net profit decreased 72% y/y to $6.9m while revenue fell 35% to $333.6m. Gross margin improved to 17.5% (+0.9ppt). NAV/share at $2.94. 

Performance

	12/05/2016	Since inception
Fund	0.973 (0.009%)	-2.704%
STI	2745.39 (0.460%)	-6.106%

Daily Recap - 11 May

Singpost: 4QFY16 net profit decreased 20% y/y to 31.8m while revenue increased 28% to $105.4m (+196% y/y). Operating margin contracted to 10% (-6ppt). Net debt from net cash of $345.8m as at Mar 15. Maintained DPS of 2.5c, taking FY16 pay-out to 7c. 
F&N: 2QFY16 core net profit grew 32.1% y/y to $11.6m with wider operating margin of 5.8% (+0.8ppt). Revenue dipped 4.9% to $474.3m. Interim dividend of 1.5c (2QFY15: 2c).
UMS: 1Q16 net profit decrease 55% y/y to $3.4m while revenue slid 26% to $20.4m. Maintained interim DPS of 1c.

Performance

	11/05/2016	Since inception
Fund	0.973 (-0.024%)	-2.713%
STI	2732.87 (-0.300%)	-6.535%

Dividend Income - 2QFY2016

Dividend Income - 2QFY2016
Counter	No. of shares	Dividend/Share	Dividend	Payable Date
Baker  Technology	20000	$0.0050	$100.00	13 May 2016
CM Pacific	8000	$0.0350	$280.00	19 May 2016
DBS*	1000	$0.3000	$300.00	27 June 2016
Low Keng Huat	10000	$0.0400	$400.00	22 June 2016
OCBC*	2180	$0.1800	$392.40	14 June 2016
QAF	5252	$0.0400	$210.08	20 May 2016
Sarine	3000	$0.0182	$54.45	13 May 2016
SPH	1000	$0.0700	$70.00	24 May 2016
UOB	500	$0.3500	$175.00	11 May 2016
F&N	1000	$0.0150	$15.00	09 June 2016
Fraser Cpt	2000	$0.0240	$48.00	09 June 2016
UOB Kay Hian*	3000	$0.0450	$135.00	16 June 2016
Q&M Dental	10000	$0.0042	$42.00	18 May 2016
ISEC	25000	$0.0022	$55.00	26 May 2016
United Engineers	3000	$0.0800	$240.00	25 May 2016
UMS	7000	$0.0300	$210.00	30 May 2016
FCL Trea 3.65%	20000		$364.00	23 May 2016
Hyflux 6% CPS	3000		$90.25	25 April 2016
Oxley MTN 5%	4000		$99.73	05 May 2016
Perennial n4.6%	6000		$139.88	25 April 2016
*Scrip		Total	$3,420.79

Daily Recap - 10 May

Frasers Cpt: 2QFY16 core net profit climbed 11.1% y/y to $110m. NAV/share at $2.22. Interim dividend of 2.4c per share declared.

Performance

	10/05/2016	Since inception
Fund	0.973 (-0.332%)	-2.689%
STI	2741.1 (-0.900%)	-6.251%

Daily Recap - 9 May

CM Pacific: Received conditional privatisation offer at $1.02.

Sarine Tech: 1Q2016 increased 240% y/y to US$3m. Revenue saw an increase of 27.4% to US$15.5m with 18 Galaxy systems delivered (4Q15: 13).

Frasers Cpt: Business Times reported that work is underway for Fraser Cpt to spin off some of its Australian logistics and industrial assets into a real estate investment trust (REIT).

Performance

	09/05/2016	Since inception
Fund	0.976 (1.260%)	-2.365%
STI	2766.06 (1.290%)	-5.400%

Weekly Update - 6 May