COMPANY OVERVIEW: METRO HOLDINGS LIMITED

Metro Holdings Limited, alongwith with its subsidiaries, engages in retail, property development, and leisure businesses in Singapore, the People’s Republic of China, Japan, and other countries internationally. 

It operates through two segments, Property and Retail. The company leases shopping and office spaces, as well as invests in property-related investments. It operates a chain of department stores and specialty shops, which offer a range of merchandise, fashion accessories, and casual women’s wear with ethnic origin and serves its customers through a chain of 5 Metro department stores and 11 Monsoon/Accessorize/M.2 specialty shops in Singapore; and 9 department stores in Indonesia. It also owns interests in approximately 142,000 square meters of retail and office investment properties in Beijing, Shanghai, and Guangzhou; and 1,001,000 square meters of residential and mixed-use development properties. The company was founded in 1957 and is based in Singapore.

Return on Equity	11.11%
Net Asset Value	SGD 1377.317
Market Cap	SGD 749.4 MN

FINANCIAL VIEW

	FY2013 31Dec 13	FY2014 31Dec 14	LTM Ending 30 Jun 15
Revenue	187.12	139.179	145.826
Gross Profit	57.222	18.188	8.352
Net Income	64.813	106.849	142.867
EBITDA	41.562	(0.875)	(12.508)
Total Assets	1546.975	1325.685	1641.523
Total Liabilities	123.592	73.633	199.401

• Even though the revenue and gross profits are decreasing y-o-y basis, yet for the short term, we can earn profits from it.
• The net income of the company is increasing on a y-o-y basis.

TECHNICAL INDICATORS:

Daily Chart: On daily chart the counter is on a major uptrend, with some minor corrections in between, which it has recently taken in few days before. Now, the counter is showing up a breakout on OBV to indicate a bullish trend start once again.

SGX Symbol	M01	Currency	SGD
Last Done	0.865	Volume(‘000)	29.6
Day’s Range	0.865-0.885	52 Weeks’ Range	0.816-1.013

Weekly Chart: The counter is having a major uptrend in weekly chart also and is in the consolidation in this chart, therefore it it breaks the upper level of 0.895, bullish trend is most likely to be expected.

S1	S2	R1	R2
0.875	0.835	0.895	0.930

Our VIEW: Overall Trend: Overall trend seems to be positive with some minor corrections, if any.
Short term View: BULLISH above 0.895 with support @ 0.875.

Long term View: BULLISH above 0.930 with support @ 0.895.