The Bank of Japan’s Stimulus Decision Comes to an Economy in Trouble

Good read on Japan’s economy..

 

Japan’s economy has been in trouble for decades. Massive monetary and fiscal stimulus have so far failed to spur growth. This week, the Bank of Japan meets to decide whether to apply yet more economic shock therapy. Here’s the situation the country’s leaders face:

Source: The Bank of Japan’s Stimulus Decision Comes to an Economy in Trouble

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F&B group Katrina to raise $7.5m in Catalist IPO @ $0.21 – Placement only

The Katrina Group, a food and beverage group, launched an initial public offering (IPO) yesterday with a placement-only offer of 35.8 million shares at 21 cents each ahead of a Catalist board listing.

The group expects to raise $7.5 million from the IPO, representing 15.4 per cent of its post-invitation share capital.

The placement of shares will close at noon on July 22, and trading of Katrina’s shares on the secondary board is set to start on July 26.

The Katrina Group has a market capitalisation of $48.6 million, and a post-placement share capital of 231.5 million shares.

The price earnings ratio is estimated at 9.6 times.

Article:
http://www.straitstimes.com/business/companies-markets/fb-group-katrina-to-raise-75m-in-catalist-ipo

IPO Alert: Procurri lined up for Mainboard IPO of 68.88 million shares at 56 cents

6.88 million shares for the public offer @ $0.56 each.

Total offer: 68.88mio.

S$34.6 million in net proceeds to build up Procurri’s war chest for future acquisitions.

IPO closes: Noon, July 18, 2016
Expected trading: 9am, July 20, 2016

The company also intends to recommend and distribute dividends of 25 per cent of net profit after tax for financial years 2016 and 2017.

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Extracted from official document. Please refer to document for full report.

 

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Please refer to document for full report

Official Product Highlights & Prospectus PDF to download from:
https://opera.mas.gov.sg/ExtPortal/Public/SD/ViewOfferDoc.aspx?shrID=2eccadf9e04444289fd6a523988bb715

Alternative links:
PHS – https://drive.google.com/open?id=0B7TgD7QDM487eTJDa3JpdDNVbU0
Prospectus – https://drive.google.com/open?id=0B7TgD7QDM487NkxMbE5oOElQdk0

Related articles:
http://www.straitstimes.com/business/companies-markets/procurri-lined-up-for-mainboard-ipo-of-6888-million-shares-at-56-cents
http://www.todayonline.com/business/procurri-launches-ipo-6888-million-shares-s056-each

Comments: Datacentre play. Same industry as Keppel DC Reit.

Some stocks to note, Best World, Yoma Strategic, Jumbo 11 July 2016

Best world (5ER)

Support: $1.45
Resistance: Around $1.60
Moving Averages: Still uptrending

Comments: As Best World broke out from recent high of $1.445, rebounded from $1.45, $1.45 – $1.60 might be the new trading range. The next breakout to look forward to is $1.625 and above, with high volume.

Yoma Strategic (Z59) on Cum Dividend. 5 August 2016 Ex-Dividend

Support: $0.55
Next Support: $0.535
Resistance: $0.58
Moving Averages: Not too bad, still uptrending

Comments: Trading range can be $0.55 to $0.58. Can target higher if there is increasing volume with increasing price. Personally, I would prefer $0.55 entry with next support at $0.535.

Jumbo 42R

Support: $0.61
Resistance: $0.64 – $0.645 (Recent high)
Moving Averages: Still uptrending.

Comments: Would prefer a entry on pullback, at about $0.61. However, do note that the price is reaching the recent high, might face some resistance.