SIA Engineering Company

there seem to be alot of interest in sia engine in thsi forum.

I like Slow / No Growth stocks which gives a minimum 4% to 5% Dividend Yield. After checking the figures from this simple Table, I also got vested. What I liked,

1) Consistent Regular Revenue + EPS
2) NPM ~ 20%+
3) Cash ~ $400Mil
4) Negligible Debts
5) Dividend Payout ~ 85%
6) Yield >5% (even without FY11 Special Div)

It's rather illiquid though and it took me a while to collect a tiny stake without having to chase the price up (Yes, volume is usually that low). Unfortunately for me, it'd continued moving up a couple of cents every few days and I'd not been able to build up a more meaningful stake. Even today, with STI almost -60, it still refused to correct! Gotta be very patient here.

(06-03-2012, 09:56 PM)KopiKat Wrote: It's rather illiquid though and it took me a while to collect a tiny stake without having to chase the price up (Yes, volume is usually that low). Unfortunately for me, it'd continued moving up a couple of cents every few days and I'd not been able to build up a more meaningful stake. Even today, with STI almost -60, it still refused to correct! Gotta be very patient here.

Haha I would think SIAEC is not that illiquid, being a blue chip in the STI after all. There are at least 50-100 lots transacted daily on average.

Unless you are a big collector, 50 lots is already close to $200,000; so I would think it's easy to accumulate a position slowly, over time; if one pumps in just $10,000 to $20,000 for each purchase.

(07-03-2012, 12:33 AM)Musicwhiz Wrote:

(06-03-2012, 09:56 PM)KopiKat Wrote: It's rather illiquid though and it took me a while to collect a tiny stake without having to chase the price up (Yes, volume is usually that low). Unfortunately for me, it'd continued moving up a couple of cents every few days and I'd not been able to build up a more meaningful stake. Even today, with STI almost -60, it still refused to correct! Gotta be very patient here.

Haha I would think SIAEC is not that illiquid, being a blue chip in the STI after all. There are at least 50-100 lots transacted daily on average.

Unless you are a big collector, 50 lots is already close to $200,000; so I would think it's easy to accumulate a position slowly, over time; if one pumps in just $10,000 to $20,000 for each purchase.

You are right. If I don't mind buying/selling at the buyer/seller price, there're always at least a few lots available. Wrong choice of word, liquidity, by me. I guess my problem is I have a target price and I just hated to see little or no 'liquidity' at that price, haha..

> In that last few weeks, there are married deals of 200 to 1000 lots being done.

Yes, concentration investing is the approach for me going forward.

If I target to collect 50 lots, a daily trading volume of 500 - 1000 is acceptable... but u r right SIA EC trading volume reflects a small cap...

> I like Slow / No Growth stocks which gives a minimum 4% to 5% Dividend Yield. After checking
> the figures from this simple Table, I also got vested. What I liked

If I am right, this slow / no growth stock will wake up into a good solid performer in a few years...

Can we compare ST ENGG. to SIAE? If we can only pick one stock, which one should we pick?
Vested in SIAE only.

ST Engineering has lots of business divisions like ST Logistics, Kinetics, etc and not only ST Aerospace. So, I don't think it's comparing apples to apples when we compare ST Eng and SIAEC.

(07-03-2012, 11:04 AM)Temperament Wrote: Can we compare ST ENGG. to SIAE? If we can only pick one stock, which one should we pick?
Vested in SIAE only.

Look at the ST Engineering Annual Report FY 2010. Page 238 shows the Balance Sheet for Aerospace sector, which is comparable to SIAEC. Note that bank loans make up about $369.3 million, against cash of $232.8 milion, so ST Aerospace is in a net debt position. Compare this with SIAEC, which is essentially debt-free.

Sorli ,of course it's like apple to orange if compare specifically. i mean can we compare which stock or company in the market gives us better ROI. (regardless of businesses they are in). In fact, some people when they invest, they will think of which is currently the "best stock" in the market to buy. It is even much more difficult to decide in this way.

Unlike marriage, we actually have the free choice of having more than one 'partner' when it comes to stocks. I have both STEng and SIAEng. For sure they're not comparable but they have different attributes which suits my requirements. Even for TELCOs, which have a lot more in common with each other, depending on the Share Price, I may at any one time be holding all 3 (Currently I have 2 of them). So, for me, it's a matter of the right price (after screening it to make sure it suits me) rather than selecting the 'best' stock for any sector / industry.