China Merchant Pacific FY2014

Revenue                                                              = HK$ 2019m
Net Profit Attributable to Shareholders              = HK$ 739m
Net Assets                                                           = HK$ 8930m
Net Borrowings                                                  = HK$ 3198m
Net Gearing                                                        = 0.36
EPS                                                                     = 69.80 HK cents
NAV                                                                    = HK$ 6.10
ROA                                                                    = 6.8
ROE                                                                     = 11.6
FCF                                                                      = HK$ 1705
DPU                                                                     = 3.5 SG cents (2HFY14)

CMPF proposed a bonus shares issued of 20:1 in addition to the 3.5 SG cents for FY2014.Based on CMPF FCF, it can quite comfortably handle the net borrowings.I am reasonably happy with this counter as I have held it for more than 4 years.

APTT 4QFY2014

                                                                    Subscribers                            ARPU

Basic Cable TV                                            756K (755K 2013)               NT$537 (537 2013)
Premium Digital TV                                     133K(123K 2013)               NT$195 (207 2013)
Broadband                                                     183K(180K 2013)               NT$525 (543 2013)

Revenue                                                         $81,846K
EBITDA                                                        $48,900K
Net Assets                                                      $1,275,827K
DPU                                                                2.13 cents (Guided 8,25 cents for 2015)
Gearing                                                           43.2%
NAV                                                                89 cents
Interest Cover                                                  greater than 4

Despite all the naysaying that I read in various forums that was surrounding this counter, I got in at around 75 cents after it went down after IPO and has been collecting dividends ever since.Give myself a pat on the back for this one, at least up to till now.

SembCorp Industries FY14

Revenue                                 = $10.9b
Profit From Ops                     = $1.3b
Net Profit                                = $801.1m
EPS                                        = 44.3 cents
DPU                                       = 11 cents final (FY14 - 16 cents)
ROE                                       = 15.2%
Interest Cover                         = 20.8X
NAV                                       = $3.15

Currently Marine constitute about 43% of net profit. The rig segment is hit by low oil prices but the ship repair segment is ok.At current prices of about $4.2, PE is less than 10, not bad  for a STI company carrying low level of debt.P/B is not high either at 1.33. If price dip below $4, I may add.

CityDev 4QFY2014

Revenue                                  = $847m
PATMI                                    = $385m
EPS                                         = 41.6 cents
NAV                                       = $9.25
Cash & Cash Equiv                = $3898m
Borrowings                             = $2820m
Gearing                                   = 26% (without fair value gains on investment properties)
                                                = 19% (with fair value gains on investment properties)
Interest Cover                         = 12.1X
DPU                                        = 12 cents (16cents in total for FY2014)

Wilmar Q4FY14

Revenue                           = $10,777,691,000
Net Profit                         = $401,219,000
Core Net Profit                = $412,490,000
EBITDA                          = $702,818,000
EPS                                  = US 6.3 cents
NAV                                = US$ 2.42
NTA                                 = US$ 1.74

LMIR Trust 4QFY2014

Revenue                                 = $35,238,000
NPI                                         = $32,877,000
Distributable Income             = $17,595,000
DPU                                       = 0.71 cents
NAV                                       = 42 cents
Gearing                                   = 31.3%

HPH Trust 4QFY2014

Revenue                                       HK$ 3,191,8m
Operating Profit                           HK$ 1027.2m
Impairment Of Goodwill             HK$ 19,000m
Loss/Profit to Unitholders           (HK$ 18,610m)
EPS (ex-Goodwill Impairment)   4.48 HK cents
Cash & Cash Equiv                      HK$ 7,798.8m
NAV                                             HK$ 4.86
DPU                                              22.30 HK cents (2HFY2014)

Impairment Of Goodwill is with the recent assessment of HK CGU whereby revenue growth is decreased by 1% and cost of services increased by 3% to 7%.

SGD/HKD is 1:5.733

             

SATS 3QFY14/15

Revenue                                  $450.7m
(Food Solution                        $270.2m
 Gateway Services                  $179.4m
 Corporate                               $1.1m)

Operating Profit                      $51.1m
Share Of Associates                $13.8m
PATMI                                    $53.7m
EPS                                          4.8 cents
NAV                                        $1.25
Debt/Equity Ratio                    0.07