Question: Why is the stock index (e.g STI) keep dropping when only so far U.S and Japan index are going up? What constitute to this trend for the last few years? Money printing?
Answer: A major reason for difference is performance is due to the tech stocks. E.g. Looking at the Dow Jones Index, banks such as JP Morgan and Goldman Sachs are down _% respectively this year. But tech stocks such as Microsoft are up _%,
Replying to #36755
Question: Will Singtel fall below IPO price like starhub m1
Answer: We think weakness will remain for both Singtel and Starhub until the borders reopen. There will be a faster recovery for Starhub because Singtel will still be hurt by weakness in their Asutralian business.
Replying to #36757
Question: TPG is bleeding now. Are they a 5G player?
Answer: The were only two 5G licenses issued – SingTel and M1/Starhub (shared bid). TPG can still offer 5G but needs to tap on the other 3 telcos network. This also means there can be less aggressive competition because TPG less able to offer 5G services cheaper that the other three telcos.
Replying to #36760
Question: Is 5G going to benefit Netlink or not?
Answer: The impact will not be material for Netlink. When 5G is rolled out there will be more fibre connection points to lampost or bust stops. However, on 1.8k of such connections now against 1.4mn residential home connections.
Replying to #36762
Question: What’s the difference between Accumulate and Buy?
Answer: Accumulate referes to expected total returns of the stock between 5% to 20% whereas Biy refer to expected returns of more than 20%. Total returns means current share price to our target price and expected dividends. EG, If share price of a stock is now S$1 and our target price is S$1.20 and another S$0.05 dividends. Total return expected is 25%.
Replying to #36764
Question: do you see Netflix a big threat to Asian PayTV revenue?
Answer: The most popular channels for Asian PayTV are local channels. Top 20 channels are local.
Replying to #36766
Question: Would Netlink be threatened by other media channels like Netflix, Disney+ etc
Answer: No impact for Netlink because the company provides the fibre (or internet) connection are not selling content. The impact will be more on Singtel and Starhub because customer may prefer fewer channels. Or even just view Netflix and Disney and cut their cable channel.
Replying to #36772
Question: For Valuetronics, why is this stock still so lagging ? Due to US-China trade war ? What news would be positive for Valuetronics ?
Answer: We have no coverage on Valuetronics but the company , we believe, is hurt from the trade war as 50% or more of sales is from their China plant to U.S. With the huge tariffs, customers will either source other contract manufacturers or use Valuetronics new plants in Vietnam.
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telecommunication / technology hardware sectors.
US Technology Analyst (Software/Services)
specializing in IPO and the consumer industry.
Banking and Finance
US Technology Analyst (Internet)
Head of Research
Gaming, Entertainment and Food sectors.
Senior Research Analyst
Consumer | Conglomerates & Industrials
About :李浩然先生(Eric Li) 高級分析師 現任現為輝立証券持牌高級分析師，曾任職股票基金、家族辦公室及證券公司等，擁有多年的證券研究部門從業及投資經驗，並先後於香港最暢銷的財經媒體撰寫投資專欄。畢業於香港理工大學電子計算系。 Eric is currently a licensed research analyst at Phillip Securities. Prior to joining Phillip Securities, he has years of equity research and investment experiences in asset management company, family office and securities company. Meanwhile, he has written investment columns in Hong Kong`s best-selling financial media for years. He holds Bachelor of Arts in Computing from The Hong Kong Polytechnic University.
About :陳翹昕小姐 (Chloe Chan) 分析師 陳翹昕小姐持有英國雷丁大學金融與投資銀行一級榮譽學士學位，現為輝立証券持牌分析師，主要負責新股及消費行業研究。 Chloe Chan holds a First-Class Honours degree in Finance and Investment Banking from the University of Reading. She is currently a licensed research analyst at Phillip Securities specializing in IPO and the consumer industry.
About :Darren has over three years of experience on the buy-side as a fund manager. During his time as fund manager, he has managed multiple funds and mandates including dividend income, growth, customised, Singapore focused and regionally focused funds. He graduated from the University of London with a First-Class Honours degree in Banking and Finance.
About :Glenn covers the Banking and Finance sector. He has had 3 years of experience as a Credit Analyst in a Bank, where he prepared credit proposals by conducting consistent critical analysis on the business, market, country and financial information. Glenn graduated with a Bachelor of Business Management from the University of Queensland with a double major in International Business and Human Resources.
About :Maximilian mainly covers the US technology sector. In his strive to be a globalized citizen and get continuous exposure to the fundamentals of companies from various industries, he graduated from Singapore Management University holding a Bachelor’s degree in Business Management.
About :Paul has 20 years of experience as a fund manager and sell-side analyst. During his time as fund manager, he has managed multiple funds and mandates including capital guaranteed, dividend income, renewable energy, single country and regionally focused funds.
About :香港恒生大學金融分析一級榮譽畢業，具有股票研究、技術分析和投資經驗。現為輝立証券持牌分析師，主要負責遊戲?娛樂?食品等板塊研究。 Elvis holds a BBA degree with first class honor major in Financial Analysis at the Hang Seng University of Hong Kong. He has experience in equity research, technical analysis and investment experience. He is currently a licensed research analyst at Phillip Securities and mainly covers Gaming, Entertainment and Food sectors.
About :Terence specialises in the consumer, conglomerate and industrials sector. He has over five years of experience as an analyst in the buy- and sell-side. As an institutional fund management analyst, he sat on the China-Hong Kong desk. Terence was ranked top 3 for Best Analyst under the small caps and energy category in the Asia Money poll 2018.
About :I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).
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