Comprehensive Analysis of Companies in Lim & Tan Securities Report
Broker Name: Lim & Tan Securities
Date of Report: January 2, 2025
CNMC Goldmine: A Golden Opportunity Amidst Record Highs
CNMC Goldmine, a Malaysian gold mining company operating in Kelantan, has been a significant beneficiary of the rising gold prices observed in 2024. With a current market capitalization of S\$99.9 million, CNMC is trading at 8.3x annualized PE and 1.7x PB, boasting a dividend yield of 4-5%. The company reported a net profit of US\$4.4 million for the first half of 2024, compared favorably to its 2016 peak of US\$9.1 million—achieved when the average realized gold price was US\$2,266/oz.
Given the current gold price above US\$2,600/oz, CNMC’s profitability is expected to grow further, provided production levels remain stable. The company plans to increase its production capacity, funded internally, by the first half of 2025. This expansion is anticipated to sustain its earnings growth momentum. The recommendation for CNMC Goldmine remains a “BUY,” given the favorable outlook bolstered by strong gold prices.
Mapletree Pan Asia Commercial Trust: Steady Growth Prospects
Mapletree Pan Asia Commercial Trust remains a robust player in the Singapore REIT market. This trust is highlighted among the top performers for its consensus forward dividend yield of 6.69%, making it an attractive investment for income-focused investors. With its diversified portfolio across Asia, the trust continues to deliver stable returns even amidst economic headwinds.
The trust’s consistent performance and strong dividend yield reaffirm its position as a reliable investment option. Investors seeking steady income streams might consider adding this to their portfolios.
Jardine Matheson: A High-Yield Investment
Jardine Matheson stands out with its consensus forward dividend yield of 8.08%, making it one of the top choices for high-yield investors in the FSSTI universe. Despite global economic uncertainties, Jardine Matheson remains a beacon of stability and profitability in Singapore’s stock market.
Its strong fundamentals and consistent dividend payouts make it a reliable choice for investors focused on long-term wealth accumulation and income generation.
Yangzijiang Shipbuilding: Leading the Pack with Low Valuations
Yangzijiang Shipbuilding is among the top companies with the lowest consensus forward price-to-earnings (P/E) ratio of 10.04x. This valuation highlights its attractiveness for value investors seeking opportunities in the shipbuilding sector. Additionally, Yangzijiang boasts a strong trailing enterprise value-to-EBITDA ratio of 6.31x, further underscoring its operational efficiency and profitability.
As one of the leaders in its industry, Yangzijiang presents compelling value for investors looking to capitalize on its low valuations and robust market position.
Frasers Logistics Trust: Yield Play for Investors
Frasers Logistics Trust offers a consensus forward dividend yield of 7.73%, making it one of the highest-yielding REITs within the FSSTI universe. With its strategic focus on logistics properties, the trust is well-positioned to benefit from the growing demand for industrial and logistics assets, especially in the post-pandemic era.
Investors seeking exposure to the logistics and industrial property sector with high yields may find Frasers Logistics Trust a compelling option.
OCBC Bank: A Stable Performer in the Financial Sector
OCBC Bank continues to shine with a consensus forward dividend yield of 9.74%, solidifying its reputation as a stable and lucrative investment in the financial sector. The bank’s consistent performance amidst global economic volatility showcases its strong fundamentals and operational resilience.
For investors looking to diversify into banking stocks with attractive yields, OCBC Bank offers an appealing proposition.
Capitaland Ascendas REIT: Reliable Returns in the Real Estate Sector
Capitaland Ascendas REIT is another standout performer in the REIT sector, offering a consensus forward dividend yield of 5.84%. Its diversified portfolio across industrial, logistics, and business park properties ensures stability and consistent returns for investors.
With its strong track record and reliable income streams, this REIT remains a top choice for investors seeking exposure to the real estate sector.
