Monday, April 6, 2015

The Next Leap of Growth for Silverlake Axis - Game Theory


Silverlake's revenue growth will be driven by the resilient recurring income from the maintenance and enhancement services segment, where revenue rose 20% in the second quarter ended Dec 31, 2014 compared to the same quarter a year ago. On the other hand, sales of software and hardware products plunged 78%, software project services fell 27% and software licensing posted 9% lower revenue.

Overall though, Silverlake Axis saw net profit grow 18% year-on-year for the first half of financial year ending June 30, 2015 compared to the same period a year ago.



Silverlake's Chinese subsidiary, Beijing-based Global InfoTech Co Ltd, has submitted its initial public offering application and is on track to be listed in the second-half of this year.
In South-East Asia, Silverlake is recognised for its core  financial solutions software, but in other parts of the world it is recognised as an advanced software developer that develops game theoretic software. This 'Game Theory'  program will enable companies to predict demand. Business is all about predicting demand. 

In the past five years, through a series of acquisitions, the company has moved beyond the banking industry to retail, logistics, payment, insurance and mobility/internet solutions. It is also diversifying geographically, as analysts believe the acquisition of New Zealand Stock Exchange-listed Finzsoft Solutions Ltd will provide the company the platform to expand in the wider Asia-Pacific region. Silverlake is in airlines, retail, stockbroking, insurance, investment funds and many other industries.


Power of Game Theory,
Dividend Warrior

Friday, April 3, 2015

Future Catalysts for Raffles Medical Group

Expansion Proceeding as Planned
Both Raffles Holland Village and Raffles Hospital Extension are currently under construction. Raffles Hospital Extension is slated for completion in 1Q17. Work at Raffles Holland Village is on track for completion by 1Q16. Raffles Hospital will add another 220,000 sq ft of floor area. There will be a future connection between Raffles Hospital and Bugis MRT station at Basement 1 level. This 20-storey building will be dedicated to outpatient traffic.


Raffles Holland Village will be a combination of medical and retail spaces, totalling 62,720 sq ft. Raffles Medical will only keep 9,000 sq ft for medical purposes. It will lease out 4,500 sq ft to DBS for its banking operations. The rest will be available for retail shops and F&B outlets.

I believe that patient volume growth will improve as a result of the expansion. Meanwhile, the Pioneer Generation package and Community Health Assist Scheme should support patient volumes in the immediate term



An artist's impression of Raffles Holland Village


Positive Long-term Prospects for Healthcare Sector
In the long-term, the healthcare sector in Singapore is strongly supported by rising affluence among the masses, an aging population and increased medical tourism.


Strong cash position to fund Overseas Venture
Raffles Medical Group's cash position remains strong at S$150.2m (as of the quarter ended December 31, 2014). It has signed two letters of intent to establish private hospitals in Shenzhen and Shanghai.



Power of CD
Dividend Warrior

Wednesday, April 1, 2015

Dividend Warrior is back! April 2015 Singapore Dividend Growth Portfolio Update


Name
Shares
Average Price
1.
SembCorp Industries
4000
$4.82
2.
ST Engg
3000
$3.53
3.
Raffles Medical
3000
$3.86
4.
Keppel DC REIT
5000
$1.03
5.
Silverlake Axis
2000
$1.24

Total dividends (2015): $120
Average monthly dividends (2015): $10


Sheng Siong Group has skyrocketed to $0.80 in recent weeks, I decided to divest all my Sheng Siong shares with a capital gain of approximately 20%. Unless its China venture and online grocery unit take off in a big way, $0.80 is a fair value in my opinion. Besides taking some profits off the table , I am looking forward to collecting $120 in dividends from Raffles Medical Group this month. The 'Sell in May and Go Away' effect is around the corner, but I prefer to 'Buy in May and Stay Stay Stay'. ^^

 
I would like to thank Mr Lee Kuan Yew for his invaluable contributions in shaping modern Singapore. He poured his heart and soul into governing Singapore. Thanks to his unparalleled vision, drive and conviction, the younger generations could enjoy the sweet fruits now. Government-linked companies such as Singtel, ST Engineering, Keppel Corp, SembCorp etc are part of his legacy. With these solid blue-chips around, it makes dividend investing possible. Everytime I collect my dividends, I will think of you, Mr Lee.....



Power of CD
Dividend Warrior

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