Investors' Blog Trackers | Value Investing @SG

Singapore's #1 Blog Tracker To Retail Value Investors & Traders For Singapore Investors.

Value Investing Bloggers This is an ongoing work we're embarking here to uncover some of the best blogs maintained by value investors and savvy investors living in Singapore; and perhaps all over the world! We have benefitted much from their learnings and these information are sourced directly from them in the hope that their messages gets propagated to all corners of Singapore.

Warning!

Smart value investors are long term investors and they exercise independant thinkings. DO NOT ASSUME accuracies in all the information published in the blog articles here. Do your own due deligences before investing your hard earned money.

You have been warned!

Snapshots from Value Bloggers:

October 2014
Discovered on 25 Oct 2014 at 7:57 pm
. Results Announcement 15 Oct 14 : SPH (FY14) – EPS 25ct vs 2ct (FY13) ; Div 14ct (Final 8ct + Special 6ct) vs 15ct (2H13) 16 Oct 14 : M1 (Q314) – EPS 4.8ct vs 4.3ct (Q313) 21 Oct 14 : SGX (Q115) – EPS 7.3ct v 8.63ct (Q114) ; Div 4ct (No Change) […]

SPH – OSK DMG
Discovered on 16 Oct 2014 at 9:23 am
Print Business Loses Its Edge SPH announced full-year revenue of SGD1.22bn (-2.0% YoY) and PATMI of SGD404.3m (-6.2% YoY), broadly in line with our estimates. We see weakness in its core business as companies switch to online advertising from its traditional advertising platform. We keep our SELL call and SOP-based TP remains at SGD3.57 (14.4% […]

SingPost – OCBC
Discovered on 16 Oct 2014 at 9:18 am
CAPITALISING ON REGIONAL E-COMMERCE LOGISTICS E-Commerce growth beyond Alibaba Seeking to be a main stakeholder in value chain Raise growth rate assumptions Developing a fully integrated eCommerce logistics hub in Singapore Singapore Post (SingPost) announced last evening that it will be developing a fully integrated regional eCommerce logistics hub to cater to its expanding ecommerce […]

SPH – OCBC
Discovered on 16 Oct 2014 at 9:14 am
  Seletar Mall to open in Nov-14 Dividend for FY14 at 21 S-cents FY14 ad revenues down 7.4% The Seletar Mall on target to open in Nov 14   Signing off on a muted year SPH reported FY14 PATMI of S$404.3m, down 6.2%, mostly due to a 5.5% decline in operating profit to S$349.0m, a […]

SPH – CIMB
Discovered on 16 Oct 2014 at 9:07 am
Below expectations Declining ads, weak shopper sentiment and unsustainable dividends are just some of the reasons for why we are negative on SPH. Excluding a one-off divestment and property revaluation gain, FY14 core net profit was below at just 85% of our estimate and 89% of consensus. We keep our Reduce call, and cut FY15-16 […]

SingPost – Phillip
Discovered on 15 Oct 2014 at 9:56 am
Catering for growth with new Regional eCommerce Logistics Hub Developing fully integrated eCommerce Logistics Hub in Singapore to cater to expanding ecommerce logistics business and rapid ecommerce market growth. Project is estimated to cost S$182 million and is expected to complete by end Jan 2016; development will be funded internally from Group’s cash holdings. We […]

SGX – Phillip
Discovered on 15 Oct 2014 at 9:53 am
Strong derivatives volume marred by record low SDAV Securities Daily Average Value (SDAV) hit a historical all-time low of S$0.97b for 1Q15, a decrease of 14% q-q and 27% y-y based on SGX figures. We are seeing yet another quarter of supressed trade volumes and we believe this will continue to stretch into a seasonally […]

What is Your Legacy?
Discovered on 10 Oct 2014 at 2:26 am
"Seize the day. Gather ye rosebuds while ye may, because... we are food for worms."  - Robin Williams  as John Keating from Dead Poets Society.We are all food for worms. From the moment we were born, the clock started ticking. We will spend no longer than a dozen decades in this universe. For most of us, it's about 7-8 decades. The first 2 decades we spent learning just to get by. The next two we enjoyed a bit, but then we needed to raise the next generation. Then we realized almost half the ...

M1 – OSK DMG
Discovered on 2 Oct 2014 at 7:56 am
Still ‘Appletizing’ We maintain BUY on M1, with FV adjusted to SGD4.20 (WACC: 7%, terminal growth: 1.5%) from SGD4.30, a 16% upside. Its re-rating catalysts are: i) continued revenue market share gains, ii) stronger take-up of fiber plans and iii) better data monetisation efforts. The fair value accounting on the iPhone should see M1’s service […]

The Efficient Market Hypothesis
Discovered on 30 Sep 2014 at 11:01 am
Investing, as with life, is a paradox. We have to learn to live with it and hopefully, sometimes, we find the way out. It is not rocket science. It's just about understanding the world and human behaviour. The world is ever changing yet human behaviour rarely changes. That is why it is so difficult for smokers to quit smoking even when we know that smoking is no longer as cool as when they shot Breakfast at Tiffany's. Yes, paradox. And it is equally difficult for diets to succeed and for valu...

ComfortDelgro – OCBC
Discovered on 30 Sep 2014 at 10:13 am
  DTL 2 to open ahead of schedule Delay in DTL 2 shortened by a few months DTL project likely to breakeven earlier Maintain BUY   Good news on DTL 2’s schedule Singapore Transport Minister Lui Tuck Yew announced on 29-Sep that the Downtown Line 2 (DTL 2) mass rapid transit (MRT) line will be […]

Look for Free Options
Discovered on 8 Sep 2014 at 7:30 am
Those who have knowledge, don't predict. Those who predict, don't have knowledge - Lao TzuInvesting is not about predicting the future. Predictions are usually not accurate. We heard the famous ones: Bill Gates predicting nobody needed no more than 640KB of memory, Dow Jones 36,000, who needs cars when we have horses blah blah.Yeah, how right. So what do we do if we do not want to predict?We want to be prepared. This post serves to illustrate how.First we must accept that the future is unknow...

What's Wrong with CPF? (Part 3)
Discovered on 12 Aug 2014 at 10:12 am
This is Part 3 of the CPF discussion, interested readers can start from Part 1.We have come to the most controversial issue, should CPF give us 6-16% return that our sovereign wealth funds generate? It is well documented that GIC generated 6% and Temasek a whopping 16% over a long time frame like 20 years or more. So part of the argument was that why is CPF only paying us 2.5%? Isn't that unfair?Again, this issue has been debated in depth. So just reiterating a few things.First Temasek does n...

What's Wrong with CPF? (Part 2)
Discovered on 26 Jul 2014 at 10:19 am
This is a continuation of the previous post.Let's recap, our CPF (central provident fund aka Singapore's pension system) has four issues:1. The equal contribution rate (employer vs employee) was violated.2. The minimum sum was a total disaster.3. Interest was imposed on fund withdrawal.4. The interest rates are compared to returns of our sovereign wealth funds.We discussed issue #1. The solution is to bring back the equal contribution policy. Since employers will cry foul if they are asked to...

What's Wrong with CPF? (Part 1)
Discovered on 15 Jul 2014 at 2:02 am
CPF refers to Central Provident Fund, Singapore's pension system.I must first profess that I am neither pro-PAP nor anti-PAP. In this post and the posts in the future (hopefully I get the time to write them), I will try to provide independent analyses on our pension system, touted as one of the best in the world, and hopefully readers will find them useful.I also hope that readers would also have read Roy Ngerng's wonderful analysis. I must say it's quite thought-provoking. Though bearing in ...

Attack on Titans: Decisions
Discovered on 29 Jun 2014 at 8:16 am
I just can't help writing down these analogies from Attack on Titans. Here's another post. Let me describe one scene relevant to today's topic.The lead character Eren was in a situation where he had to make a choice: should he trust his teammates or trust himself to defeat the enemy. He chose to trust his teammates which led to all their deaths and he regretted his decision painfully. Eren was advised by the seasoned team leader earlier, one can never predict the results, so one should at lea...

Attack on Titans: Office Politics and Corporate Suicides
Discovered on 4 Jun 2014 at 10:00 am
Here's a well kept secret. Japanese manga and anime have managed to subtly define pop culture and Hollywood for ages. As early as the 60s, robots from the future time-travelled to alter the present in Japanese comics. In more recent times, Ghost in the Shell inspired the Matrix trilogy, Paprika inspired Christopher Nolan's Inception. And the list goes on. Today's topic is about the manga series Attack on Titans or in Japanese: Shingeki no Kyojin.Being a student of corporate analysis, I can't ...

Fallacies of ETFs
Discovered on 23 May 2014 at 8:14 am
I have posted a long time ago that investing in ETFs could be one of the easy ways to make money. The theory was simple. Since 80-90% of all investors never beat the index, then why should we even try? We should just buy the index. That was simply buying ETFs. Since ETFs replicate the indices and are traded just like any stocks. We can easily buy them using one of the brokers like Poems or Kim Eng or whatever.We stand to enjoy market growth (8-10% per year) and we need not worry too much abou...

2014 High Dividend Stocks in Singapore
Discovered on 5 May 2014 at 11:04 am
The annual dividend list is out!This year's list produces only 18 names despite tweaking the factors multiple times. It goes to shows that the market continues to be expensive and it is hard to get as many gems as before. Again, we see the usual suspects: Elec & Eltek, CSE, Transpac, Boustead etc. 2014 High Dividend Stocks in SingaporeAs with previous years' lists, I used just a couple factors: ROE, Dividend Yield, Free Cashflow Yield and Operating Margin. The top 3 names gave amazing dividen...

Three Key Points for Newbie Investors
Discovered on 16 Apr 2014 at 10:39 am
This is really more of a post for me to jot down what to say in the elevator or in a casual setting where I only have a few minutes to talk to someone and I would like to give the biggest impact and let him or her take away as much as possible with regard to the world of investing.Now, I am assuming someone with very little investing background and who may or may not know who is Warren Buffett. If he wants more info, I can always refer him to this blog. But in that span of a few minutes, I mu...

There is no spoon...
Discovered on 4 Apr 2014 at 11:47 am
This is a quote from the movie "The Matrix" almost 15 years ago. For readers who have never seen the movie, I urge you to watch it today. It is one of the best movies in the last century. No joke!For those with no intention to watch it, I shall summarize the plot for you. *SPOILERS ahead*The Matrix follows protagonist Neo (played by Keanu Reeves) as he discovered that his world was not real but a huge computer program called the Matrix designed to imprison human beings. Or rather imprison our...

The Impossible Trinity and the Tapering
Discovered on 21 Mar 2014 at 11:38 am
Quick Summary:The Impossible Trinity is an economic theory that states that a country can only control two of the following three levers: Exchange Rate, Free Capital Movement and Monetary Policy.The recent Emerging Markets Crisis is a real world manifestation of this theory.Countries in ASEAN often chose to control their exchange rate and free capital movement thereby allowing US interest rate to dictate our domestic interest rate.This has created stock market and property bubbles in this par...

Type A and Type B Decision Making
Discovered on 24 Feb 2014 at 10:05 pm
Quick Summary:Type A decision making focuses on the few key factors.Type B decision making understands that the fat tail of factors might become crucial someday.Ignoring the fat tails mean failing to understand that these factors could come and bite us someday. Recognizing the fat tail is the key to Type B decision making.In investing, this means looking holistically at the business and asking questions all round.In real-world decision making, it also means constant reviewing of past decision...

Type A and Type B Personalities
Discovered on 9 Feb 2014 at 9:52 pm
Quick Summary:There are 2 type of people: Type A and Type B.Type A: Digital, Task-Oriented, Focused on One Solution.Type B: Analogue, Multi-Dimensioned, Innovation is the Solution.Type B makes better investors.Type A vs Type B - SIA vs Singtel.Are You Type A or B?Over the course of my work and investing years I have had the chance to get to know and work with lots of people. Most of them are highly intelligent, motivated, diligent and also rational. They have all the traits of being successfu...

Investing Lessons from Ngiam Tong Dow - Part II
Discovered on 24 Jan 2014 at 12:33 am
This is a continuation from the previous post.The second lesson from Mr Ngiam's book is something pretty well repeated in many circles but I think it's worth re-learning. It can be surmised into the following five words: there are no sacred cows.Mr Ngiam recounted the early days when Singapore was supposed to merge with Malaysia and the economic blueprint of the day was the creation of a Common Market where domestic industries would enjoy protection from imports via tariffs and restrictions. ...

Investing Lessons from Ngiam Tong Dow - Part I
Discovered on 9 Jan 2014 at 9:38 am
I just finished this interesting book that gave a good perspective on Singapore's recent history from the former head of civil service Mr Ngiam Tong Dow. It was published a few years ago but the topics are still pretty relevant: public transportation, jobs, housing etc. I think every Singaporean who has an interest in public policies should read this book.Ngiam Tong Dow's BookFor me it was especially enjoyable reading the parts about our political leaders Mr Lee Kuan Yew, Dr Goh Keng Swee and...

Investing is about Swaping Cashflows
Discovered on 23 Dec 2013 at 9:55 am
If we strip down to the bare basics of investing, it is swapping today's money for tomorrow's cashflows (or future cashflows). So, you buy a stock at $100 today. What you actually want is that the stock can generate more than $100 in terms of future cashflows into perpetuity. The goal of value investing is then to determine how much all these future cashflows is worth today, and pay a lower price (at least 30% lower). So in theory, if you can accurately calculate that the value of all the fu...

Swatch’s Everything (including Serina Wee)
Discovered on 12 Dec 2013 at 3:04 am
The first Swatch post started in Sep 2012. After 15 months and 8 posts, I am still not done! It’s a marathon competition against the City Harvest trial to see who can last longer. But City Harvest would win the popular vote I guess, with Serina Wee, Singapore's prettiest accused criminal. All Singapore straight guys are just jumping around and can’t wait to see her strut down Supreme Court again in January. But, this blogger would not go down without a fight to win the popularity contest.Here...

Parents vs Education System
Discovered on 29 Nov 2013 at 8:58 am
A discussion on Singapore's education system will almost always come face to face with kiasu parents. The logic goes like this: Yes Singapore's education system is not perfect. We have teachers that keep leaving to become private tutors because they actually get the pay they deserved teaching at Learning Lab, the elite enrichment school. And enjoy the work they do i.e. teaching. Not like now, where public school teachers are doing a bunch of ECAs and other unrelated stuff like preparing a vis...

5 Things You Need To Know About Investing
Discovered on 21 Oct 2013 at 10:24 am
I have always wanted to write something about investing incorporating some well known statistics which I think every investor should know. Only then we can appreciate how the value philosophy will help us win this complicated game. Well, though first we have to define what the definition of winning is:Winning, in my opinion, is to generate a long term annual return that is higher than the market return. The market is usually defined by an index like the Straits Times Index or the Hang Seng In...

Snapshots from the Blogosphere (Other Investor's Writings):

Art of Precision Timing Malaysia by Ronald K - The Aftermath
Discovered on 26 Oct 2014 at 2:21 am
I was really happy and glad to be able to travel to Malaysia yesterday and see all enthusiast trading kakis and exchange some pointers here and there. I hoped the sharing session yesterday shed some lights in your current trading strategy, rectified some of the problems you guys are experiencing, demystifying the myths of traditional technical indicators and of course revealing the tips and tricks of how the BBs operate the market. I really hope you guys believe in yourself that you can do it...

Library@Orchard – My First Impression
Discovered on 26 Oct 2014 at 1:54 am
Being an avid reader, library-visiting is one of my favourite pastime especially during the weekend. After 7 years lapse, Library@Orchard is finally back and creating buzz in the Orchard area. Library@Orchard is now located at Orchard Gateway (Level 3 and 4) and was officially opened on last Thursday (23rd October 2014).  Yesterday, after the movie (Premiere […] No related posts.

Attended Illumina TOP Party at D’Leedon Condominium
Discovered on 26 Oct 2014 at 1:10 am
I attended the party held at the D’Leedon condominium on Saturday evening which my parents in law has purchased. As previously done at the Interlace, the developer, Capitaland went all-out to make an impression by organizing a big event party to mark its units completion and has invited residents and extended families to the party. […] No related posts.

Milk and Seaweed, Charts and the CNAV strategy – What do they have in common?
Discovered on 25 Oct 2014 at 9:34 pm
My little kid is turning two and is starting to have a mind of his own. He is starting to develop his own dress sense, preferring his dinosaur pajamas over the frog and the crab ones. He wants to decide when to shower and how long he gets in the tub. He prefers his fire […] No related posts.

360 review – Pre IPO investments
Discovered on 25 Oct 2014 at 8:32 pm
I spent a while thinking what the subject header should read like. Should it be a sensational one or just a boring 360 review….zzzzz… make sure you read till the end of the post…. What are pre IPO investments?You can find the definition here. In lay man terms, it is to invest in a company […] No related posts.

The Power Of A Pause
Discovered on 25 Oct 2014 at 6:30 pm
Okkaayyy! As you know, I just came back from a 2-week vacay to the US of A. I spent some time with my girlfriend at The Wizarding World of Harry Potter. I drank delicious butterbeer, and bought one of those ridiculously-expensive interactive wands for US$50: Wingardium Leviosa! The REAL magic, however, happened after I came back from […] No related posts.

2 rounds of money saving exercises
Discovered on 25 Oct 2014 at 5:47 pm
My 2 rounds of money saving exercises are 1 year apart. The savings are not actually significant, but nonetheless better than nothing.  First round:  Review the monthly bills. My iPhone plan used to be the second tier plan, which costs about close to 50 dollars, and I have a mobile broadband plan that cost $20.  […] No related posts.

Great article on life insurance
Discovered on 25 Oct 2014 at 3:56 pm
This appeared sometime back. I highly commend reading it both for oldies and newbies. She went over what main types of policies were available – term, whole life, endowment and investment-linked policies – and how they worked. She also laid out the various areas of possible coverage and explained, step by step, how my current […]

Berendsen
Discovered on 25 Oct 2014 at 8:29 am
Got this idea from Gannon and Hoang on Investing.  They explains Berendsen's business model and competitive advantage well - in the rental and laundering of textiles for organizations, transportation costs are a major part of such services so clients are clustered around plants, which helps prevent competitors moving in.  Its a route density game.They have traditionally done workwear and linen (for hotels and hospitals), but are not moving into mats, washroom services and cleanroom.Client con...

Knowing that you have enough wealth. Staying in the game instead of taking excessive risks.
Discovered on 25 Oct 2014 at 8:26 am
There is a difference between a plan to  building up your wealth and there is another plan to staying wealthy. The key is to know how much is enough. If you have $50k trying to build up to $500k to be ready for retirement or financial independence,  you tend to take more risks because you […] No related posts.

Take public tpt, & win gold bars
Discovered on 25 Oct 2014 at 4:33 am
Dubai’s transport authority is giving away 4kg (8.8lb) of gold as part of celebrations for Public Transport Day on 1 November, to try and lure people out of their cars and into mass transit, the Gulf News website reports. The prizes will be handed out through “raffle draws and other surprises” over the course of […]

What’s next for FraserCenterPoint Trust (FCT)?
Discovered on 25 Oct 2014 at 2:40 am
The last time I went to update about FCT was back in April when news were coming out that they were going to acquire Changi City Point. How time has flied since then. Fct of course has remained my major stake in the portfolio.  FCT has just announced their full year results on Thursday and […] No related posts.

Which one suits you better – earn more or spend less?
Discovered on 25 Oct 2014 at 1:30 am
We all know there are only two ways to save money. The first is to reduce your expenses. If you spend less, then whatever is left is your savings. The second is to increase your income. If you keep your spending to be the same, what you earned after your spending will be your savings. […] No related posts.

Weekend Video: Shark Tank
Discovered on 24 Oct 2014 at 9:21 pm
It’s the weekend again. I’m here to share with you a series of episodes which I’ve been watching the past few weeks. It’s called shark tank. I know the name sounds funny and why am i recommending some sharks video to you? However, the video has nothing to do with real sharks. The series is […] No related posts.

Weekend Thought – My Investing Journey So Far
Discovered on 24 Oct 2014 at 8:21 pm
Time really fly, we are almost in the last week of October and soon we will bid farewell to 2014 and welcoming a brand new year – 2015! New Year usually comes with new resolution! Or maybe not…from experience, I don’t usually stick to it anyway! ;-) It has been almost 7 months since I […] No related posts.

What S’pore, Vietnam, Cambodia have in common?
Discovered on 24 Oct 2014 at 4:10 pm
No, not authoritarian govts always “fixing the Oppo. After all, M Ravi, the go-to, kick-ass, take-no-prisoners constitutional lawyer for a drug mule who think the world owes him a living, hooligans who think human rights is the right to disrupt YYMCA activities and tell lies, and a gay that homely gays don’t want to be […]

Company Warrants Expiring in 2014 - Actions Needed
Discovered on 24 Oct 2014 at 1:46 am
I need to remind myself all the outstanding company warrants that are expiring in 2014 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WEE HUR W140222, Expiry Date: 22 Feb 2014, Exercise price = $0.25, Conversion ratio 1:1 - Warrants exercised and converted to shares.ASIATRAV W140717, Expiry Date: 17 July 2014, Exercise price = $0.245, Conversion ratio 1:1 - Warrants exercised and converted to shares.GBLYELL...

Genting Singapore - Sellers Dumping Shares, Booked $$ at 1.07
Discovered on 23 Oct 2014 at 8:38 pm
It's without a doubt that sellers are dumping Genting shares now as captured above. However based on my outlook earlier in the morning, my students mostly had booked profits at the day high at 1.07/1.075 when all retailers were still chasing this counter. Well, they did not suffer a single bit of reaction while making good returns less than 24 hours within Contra!!http://stockmarketmindgames.blogspot.sg/2014/10/straits-time-index-selling-appearing.htmlAs you can witnessed the dumping of share...

Straits Time Index - Sellers Emerged
Discovered on 23 Oct 2014 at 8:14 pm
Sellers indeed emerged after my post earlier at 8:54am before the market opened!!http://stockmarketmindgames.blogspot.sg/2014/10/straits-time-index-selling-appearing.htmlRonald K - Market Psychologist - The Big Speculator

Straits Time Index - Selling Appearing Due to Chasing
Discovered on 23 Oct 2014 at 7:54 pm
As stated in the SMMG Club earlier when I posted in the morning, the game plan today is not to go long because some selling may appear due to some chasing during yesterday's chasing session. Watch out!!Ronald K - Market Psychologist - The Big Speculator

Ho Kwon Ping’s real insight: Welcome Back to the Future
Discovered on 23 Oct 2014 at 4:15 pm
Executive Chairman of Banyan Tree Ho Kwon Ping (es-ISD detainee) spoke at the Institute of Policy Studies (IPS)-Nathan lecture series on Monday (20 Oct). His speech was more than about the PAP’s continuing hegemony and its probable decline. Not that you’d notice if you only read the reports and commentary in constructive, nation-building media and […]

Genting Singapore - Flushes with Breakout Yielded me $3000 in 38 Minutes
Discovered on 23 Oct 2014 at 4:30 am
Earlier just now at 3:56pm, I posted a bullish outlook on Genting with a superb timing time stamped on my blog. In that post, I said:" As I continue to monitor Genting, it seemed as though bullishness had set in and the timing seems to come soon. The sellers were tired and the BBs were performing some sort of hidden buying to obscure themselves from the public eye. Today the stock is slow and mix, however this won't last any longer as it's going to breakout soon. Continue to monitor and watch...

Genting Singapore - Watching For UpWave
Discovered on 23 Oct 2014 at 2:56 am
As I continue to monitor Genting, it seemed as though bullishness had set in and the timing seems to come soon. The sellers were tired and the BBs were performing some sort of hidden buying to obscure themselves from the public eye. Today the stock is slow and mix, however this won't last any longer as it's going to breakout soon. Continue to monitor and watch this counter. For those coming next for the next Tues preview, I will share more what I meant.http://stockmarketmindgames.blogspot.sg/...

Top Volume - Golden Moments
Discovered on 22 Oct 2014 at 9:28 pm
This is the golden capture for the Top Volume for Singapore stocks. Watch closely on the counters displayed and flashed in the Top Volume. They are important for my next trade. Will be watching more.Ronald K - Market Psychologist - The Big Speculator

Washing Sales - Dow SOMM Maneuver 4
Discovered on 22 Oct 2014 at 6:52 pm
Yet another volatile night last night. Again, as captured in the SOMM Manual, there was a wash sales in the Dow which contributed to the downfall of -154 points. It's like one day up another down kind of situation now. There is no trends or directions whatsoever. The best way to trade the Dow is to day trade the 5 min chart with observing where the supply/demand is. Other than that, I am definitely not taking the risk to hold overnight.Ronald K - Market Psychologist - The Big Speculator

Parking problems in HK, S’pore might benefit
Discovered on 22 Oct 2014 at 3:33 pm
No not a shortage of parking lots in Admiralty or Mong Kok caused by the heloos of Roy and FT  H3. There is a shortage of moorings for superyachts. There is nowhere left to park them in HK, the Economist reported sometime back. Still got space here, though the waters around S’pore are pirate-infested. Blame […]

Singapore Property News This Week #178
Discovered on 22 Oct 2014 at 6:55 am
Residential SRX: resale condo sales increase According to SRX, there was a 15.3 percent increase in the number of non-landed private homes sold in September versus August, with 468 units transacted in September. Market experts believe that resale prices might be stabilising. The overall median transaction over X-value (TOX), which indicates how much buyers pay […]

An incomplete analysis of Wing Tai Holdings Limited.
Discovered on 22 Oct 2014 at 4:00 am
Someone asked me that since I bought into OUE Limited at a 50% discount to NAV, why not Wing Tai? Wing Tai's NAV/share is $3.78 and it last traded at only $1.74. That is a massive 54% discount to NAV. Well, both OUE Limited and Wing Tai might be in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Sabana REIT Fundamental & Technical Analysis
Discovered on 22 Oct 2014 at 12:48 am
Sabana REIT is currently trading in a down trend channel and it is on a clear down trend.   Fundamental Analysis of Sabana REIT: Type: Industrial Last Price = $1.00 NAV = $1.06 Price / NAV = 0.9433 Price / … Continue reading →

Art of Precision Timing Malaysia by Ronald K - 25th Oct 2014
Discovered on 21 Oct 2014 at 7:45 pm
3 more days and I will be in Malaysia for a powerful talk! I had already finished and prepared my ppt slides for this one in a lifetime talk and am definitely looking forward to meet all of you. I will share one hot stock for all of you to take notice of and please get ready your CFD account to trade. For those who loves short term trading and punting in stocks/indices, reading the miniature fine lines between buyers/sellers, using the time element instead of price action or volume and buying...

PAP’s “servant leadership” like SingTel’s service?
Discovered on 21 Oct 2014 at 5:13 pm
Oxymorons, both. Yet why do S’poreans buy into both? The day before I read Ho Kwon Ping’s speech*, the following conversation occurred on Facebook between friends One friend asked another friend on her views on buying a Samsung Galaxy note 4 here. The first friend has daughter working here. My other friend replied If she doesn’t […]

0.8% CIMB Starsavers Savings Account
Discovered on 21 Oct 2014 at 11:30 am
0.8% CIMB Starsavers Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore 0.8% CIMB Starsavers savings account rates for 2014 are presented for personal information. You should re-confirm 0.8% CIMB Starsavers Savings Account rates before you invest your money

The Genting Wave by Ronald K - 28th October 2014
Discovered on 21 Oct 2014 at 7:52 am
I had received a lot of interest and emails on wanting me to follow me on Genting and therefore I decided to do a sharing session next week on 28th Oct 2014 on those interested to follow my Genting. This is a public event and only for retailers. I call it the Genting Wave, why? I will share more during the session and seeing is believing. For those who are interested can register. I will do this only 1 time.Preview Date: 28th October 2014, Time: 7.00pm to 8.30pmVenue: I will instruct you in t...

I could not afford it but now I can.
Discovered on 21 Oct 2014 at 6:21 am
In the past, my mattresses cost between $150 to $400 each. I am usually not very picky and the price is more important a consideration. My last mattress was a queen size mattress from IKEA that cost about $400. Maybe, a bit lesser than that.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Oil crash: US hegemony at work?
Discovered on 21 Oct 2014 at 12:16 am
Lower oil prices … Are they also a potent US weapon against Russia and Iran? That’s the conclusion drawn by New York Times columnist Thomas L Friedman, who says the US and Saudi Arabia, whether by accident or design, could be pumping Russia and Iran to brink of economic collapse. Despite turmoil in many of […]

Genting Singapore - Major Sell Down
Discovered on 20 Oct 2014 at 10:55 pm
Genting Singapore currently is experiencing a major and panicky sell down with big shares exchanging hands. Sellers were fierce and buyers weren't keen. I just saw on the 5 minute chart that retailers and public were in a lost now and were throwing their shares down the drain. I am still monitoring soon for that turn. That powerful K Turn!Ronald K - Market Psychologist - The Big Speculator

Capitaland - The Facebook LIVE Trading Call
Discovered on 20 Oct 2014 at 9:36 pm
Made a LIVE Call on my Facebook page that I was going to trade a counter this morning. Posted Capitaland was the counter and indeed Capitaland ran after that from 2.93 to 2.99! For those who added me in Facebook, saw the post and took action, congrats! For those who wants to join me, add me at [email protected] Don't miss the opportunity to make $$ with me.http://www.facebook.com/stockspeculationhttp://www.facebook.com/stockmarketmindgameshttp://www.facebook.com/groups/350636774...

Genting Singapore - Weakest Blue Chip
Discovered on 20 Oct 2014 at 9:04 pm
Genting Singapore continues to break down furiously with heavy sellers where the poor unknowingly retailers were throwing in the white towel. There was a bloodshed and massacre at this very moment I am blogging as it seemed like there was no buying interests from the BBs at all! Ever since I posted that Genting has sellers commanding this stock on Aug 7 2014, this counter had been on it's way down like there was no light at the end of the tunnel.http://stockmarketmindgames.blogspot.sg/2014/08...

Elections before 9/8/15?
Discovered on 20 Oct 2014 at 5:13 pm
Conventional wisdom is that the next GE will be held after the 50th anniversary celebrations of S’pore’s independence which will be a celebration of all things PAP. So the Oppo parties are not gearing up for an early GE (end of this yr or before Aug 9 next yr.) And this piece of news doesn’t […]

Are you financially on track for retirement?
Discovered on 20 Oct 2014 at 9:05 am
I chanced upon this over the weekend and think it is interesting enough to share. Source: JP Morgan Asset Management So, according to this, if we are 40 years old and making $75,000 a year, we should have $120,000 put aside for retirement by... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property Weekly Issue 178 now out
Discovered on 20 Oct 2014 at 7:31 am
In this week’s issue: Property Valuation Math – Using NPV and MIRR to Identify Good Deals Singapore Property News This Week Resale Property Transactions (October 1 – October 7) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 178

STI - Suffered Reactions Even When Dow Was Up 263 Points
Discovered on 20 Oct 2014 at 7:24 am
What a lackluster day in STI where the underlying stock weren't performing even though the Dow was up 263 points last Friday. In fact I already posted an outlook this morning on not to go long in the SMMG Club as well as on my blog.http://stockmarketmindgames.blogspot.sg/2014/10/hang-seng-quickie.htmlDuring the Stock Operation Course yesterday, I was sharing and teaching how to anticipate and speculate the market so as to have an advantage against all traders/punters/investors in Singapore. I...

Hang Seng - The Quickie
Discovered on 19 Oct 2014 at 8:46 pm
Just finished a quickie Hang Seng fast punt and made about $1500 in 4 minutes. I was having a Stock Operation Course yesterday and gave an all important outlook on not to go long as the Dow went up 300+ points. Indeed, most stocks gap up a little and start suffering reactions. With that outlook, I went on to took a quick short in HSI for some quick $$. Thereafter, the HSI went through a rough trading range which I avoided.Ronald K - Market Psychologist - The Big Speculator

A delusion? PAP confident it regained lost ground
Discovered on 19 Oct 2014 at 4:41 pm
Surely not when S’poreans in their 20s and 30s and their parents have difficulties in the PAP’s version of paradise? If these two groups have problems how can the PAP expect to hold the line at 60% of the popular vote? Let alone improve it to 65-66%*. Speaking at a seminar organised by the Singapore […]

Singapore Maybank Youngstarz Account
Discovered on 19 Oct 2014 at 11:30 am
Singapore Maybank Youngstarz Account We present Singapore Maybank Youngstarz Account savings rates to help you make your money work smarter for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Singapore Maybank Youngstarz Account :

Spotting the next OSIM?
Discovered on 18 Oct 2014 at 9:45 pm
This is freshly taken from TheFinance's wall in FB. I made a few comments and I think this is substantial enough to share with readers who do not follow me on FB: I have to go out in a while. Have a good Sunday, everyone. Related... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Higher minimum wage, lower unemployment
Discovered on 18 Oct 2014 at 3:39 pm
Our constructive, nation-building media would never republish or tell this tale of where minimum wages didn’t do what the PAP govt claim it would do: raise unemployment. . A higher minimum wage in practice – Christopher Flavelle of Bloomberg View argues a $10.10 [£6.27] minimum hourly wage would neither change America for the better nor […]

Stock Operation Course Oct by Ronald K
Discovered on 18 Oct 2014 at 6:45 am
Conducted yet another fruitful and enriching Stock Operation Course for my Oct intake. Once again thanks all for coming and believing in me. Seeing is believing and watch next week for my calls in the SMMG Club. The demand was too huge for my Stock Operation Course and so this coming Dec, I will need to hold one more session for those who are interested. However, finally, I can take a break in November! For those who are coming next Tuesday, I will also share the call before the stock moves i...

Celebrity investment blogger who knows it all?
Discovered on 17 Oct 2014 at 11:00 pm
I have been rather busy with a personal project lately and will continue to be busier than usual in the coming weeks. So, I could be absent from blogging for a day or two (or a few) from time to time. Of course, I will try to reply to comments,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

RH Petrogas, REX Intl - Oil Sector in Play?
Discovered on 17 Oct 2014 at 5:39 am
Today RH Petrogas and Rex Intl had a sudden last minute ran up in prices. It seemed as though the Oil sector is coming back again. On another note, I had finished 2 somm training session this month and students are putting the skills taught into work. More importantly, the action taken translates into positive results. In the near term, I will monitor for more Singapore stocks to punt since November is going to be an all exciting month!Ronald K - Market Psychologist - The Big Speculator

曾淵滄-股市资讯专栏 17.10.2014 -沪港通随时启动,但占中问题仍未解决
Discovered on 17 Oct 2014 at 4:24 am
Wilmar, RH Petrogas - Small Profits
Discovered on 16 Oct 2014 at 9:08 pm
Just finished a small simple trade on RH Petrogas and Wilmar. The Singapore market is still very hard to go long especially at the current moment. But of course, if you can pick the right and strong stocks, there is still possibility for profits. The amount made today is negligible compared to what I always punt. Market shaky, dare to play big. :)Ronald K - Market Psychologist - The Big Speculator

Bar by Bar Analysis - 21st Oct 2014
Discovered on 16 Oct 2014 at 7:58 pm
For those who are coming for the next Tues bar by bar Analysis, please bring along a pen and paper. Because I will share and show you the secrets of how it's done, please do copy down notes if you want to learn and expand your horizon in the world of trading. For those who havent register, there is still some seats left.http://stockmarketmindgames.blogspot.sg/2014/10/a-prelude-to-bar-by-bar-analysis-21st.htmlRonald K - Market Psychologist - The Big Speculator

SembCorp Industries: Increasing exposure.
Discovered on 16 Oct 2014 at 9:00 am
In a sea of red, I had many choices and I decided to increase my exposure to SembCorp Industries at $4.84 a share. This was one of the supports I identified in a reply to a reader. Read reply: here.  Based on what I feel are undemanding... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

STI - Top Volume
Discovered on 16 Oct 2014 at 6:58 am
Top Volume capture for end of day today. It seemed as though the market has not simmer down from the sellers. I am capturing the Top Volume counters for a watch out tomorrow. The market is getting more exciting for all the lower prices to come. If the market don't have a sell down, then how can we buy at low prices? The question now is which stock to buy so that the potential is huge. Stay tune!Ronald K - Market Psychologist - The Big Speculator

STI - Correction as Predicted
Discovered on 15 Oct 2014 at 8:28 pm
On Oct 11th, a Saturday morning, I blogged my STI outlook and warned all readers that the Singapore stock market is going to suffer some serious correction because of the gaps and volatility. True enough everything that I analysed and predicted materialized today. The market gap down and instilled more fear and panics to the unwary public with almost all retailers now thinking what went wrong or what was the big news that caused this fear. Well, if you had been following me for some time, you...

Dow Jones Volatility - -400 Points And Recover to -173 Points
Discovered on 15 Oct 2014 at 8:05 pm
It was one of the most horrendous moment last night. As I was trading the Dow for some fast quick $$, the volatility was something that I had not witnessed for a long long time. The swings were so huge that prices were moving so fast in a flick of a second. Personally, I love volatility but at times if you follow the wrong wind, you can get killed too. So last night I dare not hold trades overnight and went for some scalping quick trades. Because of the swings, I managed to make some quick pr...

Vard Holdings: Bloodbath.
Discovered on 15 Oct 2014 at 9:05 am
When a reader asked if I might be nibbling at Vard Holdings, I took one look at the charts and said I would need dentures made of titanium before I dare think about it. See comment: here. If we look at the weekly chart, we will gain insight into... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #177
Discovered on 15 Oct 2014 at 7:39 am
Residential HDB resale price falls again For the eighth consecutive month, resale prices of HDB flats have fallen in September, according to flash estimates by the Singapore Real Estate Exchange (SRX). Data from SRX showed that HDB resale prices have fallen by 0.5 per cent from August to September. Resale prices of three room flats […]

Why the top 10 bear-market myths are wrong
Discovered on 15 Oct 2014 at 7:27 am
Guest Post Michael Brush is a Manhattan-based financial writer who publishes the stock newsletterBrush Up on Stocks. Brush has covered business for the New York Times and The Economist group. He attended Columbia Business School in the Knight-Bagehot program. Stocks … Continue reading →

Vard - Negative Profit Guidance
Discovered on 14 Oct 2014 at 9:18 pm
It was a relief and quick decision to sell my Vard holdings shares last week!http://stockmarketmindgames.blogspot.sg/2014/10/vard-holdings-selling-on-breakouts.htmlSometimes, I wish I could make more $$ but the market just doesn't allow me to get it. Well, today when I looked back, it was a blessing in disguise. There was a huge gap down today with a heavy force of selling where the BBs were disposing the Vard shares at will. Apparently the news was out last night, there was a negative profit...

Dow Jones - Profits Last Night
Discovered on 14 Oct 2014 at 8:24 pm
Went long early in the Dow last night and reap good rewards thereafter. It was such a volatile market but still I managed to zip in and out unscathed. The futures and indices trading is a game of ultimate fights till a winner is emerged. My goal is not to be that fighter or winner, but a messenger to the fighter who piggy back his success. I would rather be a mouse than elephant when it comes to indices trading. Will share more soon next week. :)Ronald K - Market Psychologist - The Big Spec...

A Prelude to Bar by Bar Analysis - 21st Oct 2014
Discovered on 14 Oct 2014 at 7:54 pm
Next coming Tuesday, I will be performing a Bar by Bar Analysis on DBS but more importantly, during that time, the DAX is actively trading and I shall also do a market commentary Bar by Bar LIVE and execute trades if opportunity arises. Don't miss this once in a lifetime chance to see how I prepare and execute from start to finish. During this session, you can see the bars unfold as every single bar tells a story of the future prices to come. Moreover with those bars, there also come a timing...

Highest Dividend Yield of Top 50 Largest Cap SGX Stocks
Discovered on 14 Oct 2014 at 11:30 am
Highest Dividend Yield of Top 50 Largest Cap SGX Stocks We present Singapore Highest Dividend Yield of Top 50 Largest Cap SGX Stocks to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Highest Dividend Yield of Top 50 Largest Cap SGX Stocks rates for 2014 are presented for personal information. Highest Dividend Yield of Top 50 Largest Cap SGX

Tea with TheMinimalist: Selecting a good financial advisor.
Discovered on 14 Oct 2014 at 8:05 am
I am happy to publish another guest blog by TheMinimalist and this time the focus is on how to select a good financial advisor: In this guest blog, I want to talk about a topic that is close to the hearts of many readers here which is picking a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

How to Tell Good Property Agents from Bad Ones
Discovered on 14 Oct 2014 at 7:39 am
By Property Soul (Guest Contributor) After I sold one of my properties exclusively by my property agent, another agent who used to lease that property for me learned about it and said, “What? Only $XXX,XXX? I could have easily sold thirty to fifty thousand higher for you!” I know how the deal can be pushed […]

Singapore Property Weekly Issue 177 now out
Discovered on 13 Oct 2014 at 8:08 am
In this week’s issue: How to Tell Good Property Agents from Bad Ones Singapore Property News This Week Resale Property Transactions (September 24 – September 30) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 177

OUE Limited: A nibble.
Discovered on 13 Oct 2014 at 5:36 am
On 25 September, I wondered in a blog post if I might be given a chance to pay 50c for what was worth a dollar. I am referring to OUE Limited's stock, of course. Twin Peaks. Although already trading at a hefty discount to NAV back then, I was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Lobang For Savings Account Rates
Discovered on 12 Oct 2014 at 11:30 am
Lobang For Savings Account Rates Looking for a lobang for Savings Account Rates in Singapore? Well, you just came to the top Singaporean blogspot site in the world for Singapore Savings Account Rates news. For news lobang for savings account rates in Singapore, Singapore Savings Account Rates blogspot dot com is the place to go to. We are the Singapore lobang for Savings Account Rates. We

Singapore REIT Selection Guide: Value Selection & Risk Avoidance
Discovered on 12 Oct 2014 at 9:34 am
Bubble chart derived from Oct 6 Singapore REITs Fundamental Comparison Table. These Bubble Charts are used to show the “relative” position compare to other Singapore REITs. Two visual bubble charts to pick and avoid: Undervalue Singapore REITs with High Distribution Yield … Continue reading →

Stock Market in RED! Is It Time to Short the Fear?
Discovered on 11 Oct 2014 at 10:15 am
Original Post by Marubozu My Stocks Investing Journey DIA, SPY, QQQ and IWM all broke the support last Friday and VIX hit almost 2 Years high at 21.24! However, DIA, SPY and QQQ are still not in technically bearish territory yet … Continue reading →

Global Stock Market Indices PE Ratio At a Glance (11 Oct 2014)
Discovered on 11 Oct 2014 at 9:32 am
Market Indices PE Ratio for Major Stock Exchange globally. US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOPSI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Average PE ratio decreases … Continue reading →

Financial security: What good is the idea to us?
Discovered on 10 Oct 2014 at 10:30 pm
Sometimes, I wonder why people making lots of money at work are still complaining about not having enough money. Then, if we ask a few questions, we understand why. Often, the reason is because they scaled up their consumption as they made more... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ASSI reaches 6 million before Singapore.
Discovered on 10 Oct 2014 at 8:28 am
Before Singapore hits 6 million in population, ASSI is going to hit 6 million pageviews first. Might happen in the next hour. It has been almost 5 years since I started blogging. Lots of ups and downs and never did I think ASSI would come so... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SembCorp Industries: "A safe price of entry."
Discovered on 9 Oct 2014 at 11:33 pm
A reader, Dexter Choo, asked me how did I value SembCorp Industries and determine a "safe price of entry"? Before I go on, I must establish that if we believe that valuation exercises are subjective and this is something I have blogged about many... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tea with Matthew Seah: MSN Money.
Discovered on 9 Oct 2014 at 6:17 am
SGX have revamped their interface to include some fanciful features for investors. However, I am still not very used to that. MSN Money have also refurbished their website recently to give investors better summaries of companies.All the key numbers... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SembCorp Industries: A nibble.
Discovered on 8 Oct 2014 at 9:50 am
Today, a reader asked if I was interested in SembCorp Industries since I bought into SembCorp Marine recently. Answer? Yes, I am interested and I have been looking at it for a few days. SembCorp Industries' share price has not suffered as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #176
Discovered on 8 Oct 2014 at 7:56 am
Residential 400 applications made for Woodlands EC Bellewoods, which is the first executive condominium launched this year has drew 400 applications. The condominium which is located in Woodlands comprises of 561 units and is expected to be sold for between $750 and $820 per square foot. Buyers would not need to pay HDB resale levy […]

CapitaMall Trust: When is AK nibbling?
Discovered on 7 Oct 2014 at 8:30 pm
Following a recent blog post in which my admiration for CapitaMall Trust's (CMT) management was once again mentioned, with the REIT's unit price having retreated from a recent high of $2.09 a unit, I decided to examine whether it makes sense for me... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why I’ve Not Lost Money in 13 Years –Understanding the Time Value of Money and IRR
Discovered on 7 Oct 2014 at 7:56 am
By Gerald Tay (guest contributor) This post requires a basic understanding of using a financial calculator. Explaining how to use it is beyond the scope of this post as I don’t want to turn it into a bed-time lullaby if you’re one of those who has never touched a financial (not scientific) calculator. It’s impossible […]

Tea with TheMinimalist: If Personal Finance and Investing were a religion, what would be your denomination?
Discovered on 7 Oct 2014 at 12:28 am
The Minimalist, a mysterious and wise man, has contributed another guest blog to ASSI. I hope you enjoy reading it as much as I have: Over a podcast interview with AK71, he shared that “Investing is a religion”. I can relate to his statement on so... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property Weekly Issue 176 now out
Discovered on 6 Oct 2014 at 10:14 am
In this week’s issue: Why I’ve Not Lost Money in 13 Years –Understanding the Time Value of Money and IRR Singapore Property News This Week Resale Property Transactions (September 17 – September 23) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 176

Hedging Pair: UOB vs OCBC
Discovered on 6 Oct 2014 at 8:10 am
Establishing the correlation for UOB and OCBC as part of the Hedging Strategy for Singapore Stocks. Performance Charts with reference to Mar 9, 2009. Original Post by Marubozu My Stocks Investing Journey   UOB (United Overseas Bank) Current P/E Ratio (ttm) … Continue reading →

Singapore REIT Fundamental Analysis Comparison Table – 6 Oct 2014
Discovered on 6 Oct 2014 at 7:06 am
FTSE ST Real Asset Investment Trust (FTSE ST REIT) Index changes from 775.28 to 753.55 compare to last post on Singapore REIT Fundamental Comparison Table on Sept 7, 2014. The index broke down from a Rectangle pattern but rebounded from the 200D SMA. … Continue reading →

10 Years of Blogging
Discovered on 6 Oct 2014 at 5:16 am
Dear all,This blog is 10 years old! My first post for this blog was in 7th October 2004. How time files. What started out as a hobby in investment had transformed into a full-time adventure as a private investor for the past 3 years.Blogs come and go, and this blog had become a record of my investment adventures for the past 10 years. It started out as a request from a forumer at sgfunds.com to disclose some of my stock investment and later become a regular monthly updates of my investment tr...

OCBC and CapitaMalls: Providing value for money deals.
Discovered on 5 Oct 2014 at 8:20 pm
At the sharing session with Sean Seah and friends, there was plenty of food. It was like a pot luck session and I saw a few boxes from Polar. They are famous for their puff pastries and Swiss rolls, I believe. Their curry puffs cost $1.80 each and I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Dollar HSBC Premier Account
Discovered on 5 Oct 2014 at 11:30 am
Singapore Dollar HSBC Premier Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates available in Singapore: click here. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you

Hedging Pair: Keppel Corp vs SembCorp
Discovered on 5 Oct 2014 at 8:30 am
Establishing the correlationship for Keppel Corp and SembCorp as part of the Hedging Strategy for Singapore Stocks. Performance Charts with reference to Mar 9, 2009. Original Post by Marubozu My Stocks Investing Journey Keppel Corp Current P/E Ratio (ttm) 9.9712 Estimated … Continue reading →

iShares Russell 2000 ETF (IWM): Rebound from Support
Discovered on 5 Oct 2014 at 8:11 am
iShares Russell 2000 ETF (IWM) rebounded from an important support at 108 with Piercing Pattern. Original Post by Marubozu My Stocks Investing Journey Trade Setup Strategy: Short Term Directional Bullish Trade. Target: $113-$114 Short Put Spread IWM 108/112 Oct 2014 (2 … Continue reading →

13 blog posts for a sharing session on investing for income.
Discovered on 4 Oct 2014 at 9:30 am
I participated in a sharing session earlier today on investing for income in the local stock market. The group was made up of experienced real estate investors who are possibly interested in diversifying their passive income stream by investing in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SembCorp Marine: A nibble.
Discovered on 3 Oct 2014 at 4:00 am
Shareholders of Marco Polo Marine would remember that they ordered an oil rig from SembCorp Marine earlier this year. The value of the contract was about US$214 million. That is a lot of money. SembCorp Marine is a leader in the building of oil... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄-股市资讯专栏 03.10.2014--港股因占中而回落,中国股市反而造好
Discovered on 3 Oct 2014 at 3:46 am
Top Three Bank Savings Interest Rates
Discovered on 2 Oct 2014 at 11:30 am
Top Three Bank Savings Interest Rates We present Singapore's Top Three Bank savings interest rates (of local banks) to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Top Three Bank savings interest rates for 2014 are presented for personal information. We focus only on the top three local Singapore banks: DBS, OCBC, UOB banks. You should

Singapore Property News This Week #175
Discovered on 2 Oct 2014 at 9:47 am
Residential 4,630 BTO flats launched in September 4,630 built-to-order flats will be launched in September, said the Housing & Development Board (HDB). These flats will be launched in non-mature estates such as Bukit Batok, Hougang and Jurong West. Projects will also be released in mature estates like Kallang and Whampoa. Flat applications will begin from […]

A H&S story: Make money that helps us spend less money.
Discovered on 2 Oct 2014 at 8:20 am
Hospitalisation and surgery (H&S) insurance coverage is a must have for everyone. What might not be perceived as a must have is the rider that is usually offered and one possible reason is that this is an out of pocket item which means that we... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Jurong Lake District – A Jewel or the Next Punggol 21?
Discovered on 1 Oct 2014 at 9:46 am
By Paul Ho (guest contributor) The Punggol 21 Masterplan was rolled out twenty years ago amidst much fanfare and high expectations. Twenty years on, the Punggol 21 Masterplan remains largely unfulfilled. The Jurong Lake District idea was mooted around 2008 as part of the Masterplan, but did not garner much confidence due to the failure […]

My stocks portfolio - Sep 2014
Discovered on 1 Oct 2014 at 12:47 am
5 revelations from a regular retail investor.
Discovered on 30 Sep 2014 at 11:30 pm
Whether we like it or not, many things in life have to be measured. However, it gets rather irksome when people want to measure us against others. If you get the feeling that AK is going to be ranting in this blog post, you are right! My school... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

30 September 2014
Discovered on 30 Sep 2014 at 9:22 pm
Regional conflicts in Middle East, Ebola crisis in Africa, unfavourable business data from Europe and China, all these negative factors weighed on the equity market in September. The latest development in Hong Kong doesn't help at all. STI dropped 50.35 points, or 1.51% in the month, to end at 3276.74 at the end of the month. My portfolio did worst, its value drop 2.02% in the month. Will the market continue with the down trend in October? Or worst still, will the 2007 market melt down repeat...

When Will Interest Rates Rise When QE3 Ends in October 2014
Discovered on 30 Sep 2014 at 11:30 am
When Will Interest Rates Rise When QE3 Ends in October 2014 So when will interest rates rise when QE3 ends in October 2014? QE3 refers to Quantitative Easing number three. Yes, there were 3 attempts; with the first QE1 that kicked off in 2008. QE, also known as the package of asset purchase and other measures in the USA, was meant to save the world from the Great Recession. The US Federal

My Investment Portfolio (September 2014)
Discovered on 30 Sep 2014 at 8:29 am
STI ended this month down to close at 3276 points. The market is very much in negative territory especially towards the end of this month, as investors grapple with issues like timing of interest rate hike in US, weak China growth, euro zone sluggishness and lately, unrest in Hong Kong. With so many bad news out there, it is no wonder that most investors had opted to stay on the sidelines. For this month, I have attended the following AGMs/EGMs/briefings - CM Pacific, Hotel Grand Centra...

Singapura Finance: 1 for 1 rights issue.
Discovered on 30 Sep 2014 at 1:19 am
I have been a Singapura Finance shareholder for a few years. If you have not heard of Singapura Finance, well, it is not surprising as it is one of those sleepy stocks that don't really shout out for attention. Why did I become a shareholder a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OCBC Rights Issue
Discovered on 29 Sep 2014 at 4:17 am
Today the result of OCBC right issue was out. This right issue must have been well received and subscribed by investors, because I was only awarded with 29 excess right shares though I applied for more. The excess shares don't even round my holding to the full lot, but only to the next half lot...hmm...Full lot or not, it's not so important. Since I am subscribing to the scrip dividend scheme, I am going to receive odd lot anyway. Since the shares (rights and excess rights) received are at a ...

How to get better than the best deals?
Discovered on 28 Sep 2014 at 10:00 pm
Get the best DEALs in town from DEAL.com.sg. Now, for 48 hours only, get another 10% off all DEALs! Remember to key in the Promo Code when you shop from 29th September 00.00 hrs till 30th September 23.59 hrs. AK likes value for money deals. I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore STI Blue Chip Highest Dividend Yield
Discovered on 28 Sep 2014 at 11:30 am
Singapore STI Blue Chip Highest Dividend Yield in Percent For a change, we present Singapore STI Blue Chip Highest Dividend Yield in Percent at Singapore Savings Account Rates. STI refers to Straits Times Index. The Straits Times Index (STI) comprises of 30 stocks listed on the Singapore Stock Exchange, ranked by market capitalisation and reviewed every six months. These STI stocks are

Saizen REIT: Sell the entire portfolio or find a larger partner.
Discovered on 28 Sep 2014 at 9:30 am
One of my more successful investments in the last few years is probably in Saizen REIT and regular readers who have followed the story would be quite familiar with it. So, I shan't repeat the narrative. In the past issue of The EDGE, it was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SPY: Sell off but still on Up Trend
Discovered on 27 Sep 2014 at 9:37 pm
SPY (SPDR S&P500 ETF)  has a very volatile week and has a huge sell off across the sectors. However technically SPY is still trading within an uptrend channel. SPY rebounded from the 50D SMA support on last Friday. Keep an … Continue reading →

A true story about life insurance and grapes.
Discovered on 26 Sep 2014 at 9:15 am
There are a few big ticket items in life. The biggest is probably the apartment or house we stay in. Another one is a car, for those who choose to have one. I know this may not sit well with some of you going by some of the response my blog post on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

UOB 1.38% High Yield Account Promotion
Discovered on 25 Sep 2014 at 11:30 am
UOB 1.38% High Yield Account Promotion We present Singapore UOB 1.38% High Yield Account Promotion rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB 1.38% High Yield Account Promotion rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. UOB 1.38%

Standard Chartered Bank 1.25% Savings Account
Discovered on 24 Sep 2014 at 11:30 am
Standard Chartered Bank 1.25% Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Standard Chartered Bank 1.25% Savings Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

Best Interest Rate for Retirement Account
Discovered on 21 Sep 2014 at 11:30 am
Best Interest Rate for Retirement Account We share the latest news on the best interest rate for retirement account in 2014 in Singapore for our loyal Singapore Savings Account Rates readers. We present best interest rate for Retirement Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates

直擊阿里掛牌 一度飈近5成
Discovered on 19 Sep 2014 at 6:12 pm
曾淵滄-股市资讯专栏 19.09.2014 -区域股市阻力重重,多加留意中国A股
Discovered on 19 Sep 2014 at 3:54 am
Alibaba plans expansion into US, European markets
Discovered on 15 Sep 2014 at 5:11 pm
Maybank SaveUp Account Rates
Discovered on 14 Sep 2014 at 11:30 am
Maybank SaveUp Account Rates We present Singapore Maybank SaveUp Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates available in Singapore: click here. Maybank SaveUp Account Rates: First S$3,000 0.1875% p.a.. Next S$47,000 0.25% p.a. Remaining balance above S$50,000 0.3125% p.a.

ICICI Bank Singapore Hisave Savings Account
Discovered on 7 Sep 2014 at 11:30 am
ICICI Bank Singapore Hisave Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates available in Singapore: click here. ICICI Bank Singapore Hisave Savings Account rates for 2014 are presented for personal information. You should

曾淵滄-股市资讯专栏 05.09.2014 -哪些股可以乘着沪港通热潮而受益?
Discovered on 5 Sep 2014 at 6:16 pm
Property, Construction - Eyes on KVMRT 2
Discovered on 4 Sep 2014 at 11:12 pm
Annuity plans are just a function of compounded interest benefits
Discovered on 2 Sep 2014 at 7:29 am
Today I read an annuity benefit illustration on a brochure:40 year old male contributes 24,200 yearly for 5 years. At age 65, he receives $2,000 per month (non-guaranteed) till 85 with a lump sum maturity of $72,000 (non-guaranteed). Hence the total potential return is $552,000.The insurer has a track record of meeting its projection. Hence for simplicity sake, let’s assume above are guaranteed returns.At the onset, it sounds extremely attractive to me. I can have an income to complement my C...

My Investment Portfolio (August 2014)
Discovered on 1 Sep 2014 at 12:57 am
STI ended this month down to close at 3327 points. It had been another quiet month with worries on geopolitical issues taking the centre stage. Some of them had been mentioned by me during my previous monthly posts and therefore I shall not repeat here. There are also not much surprises from companies with financial year ending June 2014 when they reported their results during the month.For this month, I have attended the following AGMs/EGMs/briefings - Goodpack, Longcheer, Tianjin Zhon...

29 August 2014
Discovered on 31 Aug 2014 at 8:39 pm
August has not been a good month for share investors. STI has been in negative region (compare to end of July) the whole month. Globally, the stock market is still affected by the Middle East and East European Conflicts. European market continues to be weak but U.S. seems less affected.As at today, STI closed at 3327.09, down 46.97 point, or 1.39% from July. My portfolio performed slightly better than STI this month, thanks to UE, whose price shot up more than 20% on talk of acquisition. Port...

BEA Singapore Latest Savings Account Rates
Discovered on 31 Aug 2014 at 11:30 am
BEA Singapore Latest Savings Account Rates We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Bank of Eash Asia BEA Singapore Latest Savings Account rates for 2014 are presented for personal information. You should re-confirm BEA Singapore Latest Savings Account Rates before you invest your

My stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
Singapore's Best 5% Savings Account Rates
Discovered on 24 Aug 2014 at 11:30 am
Singapore's Best 5% Savings Account Rates In this post, we share our Little Red Dot's highest savings account rates of 5% per annum. For a savings account (NOT a fixed deposit), this 5% p.a. payout is too attractive for any Singaporean to miss. So we present Singapore's Best 5% Savings Account rates to help you make your money work harder for you at Singapore Savings Account Rates in

曾淵滄-股市资讯专栏 22.08.2014-何时才是进场良机?
Discovered on 22 Aug 2014 at 3:53 am
Indian Bank Singapore Branch Deposit Rates
Discovered on 18 Aug 2014 at 11:30 am
ICICI Bank Hisave Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. ICICI Bank Hisave Savings Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. ICICI Bank Hisave Savings Account

Standard Chartered 1.88% Bonus Saver Promotion
Discovered on 11 Aug 2014 at 12:00 pm
Standard Chartered 1.88% Bonus Saver Promotion We present Singapore Standard Chartered 1.88% Bonus Saver Promotion rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Standard Chartered 1.88% Bonus Saver Promotion for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

UOB Golden Jubilee 1.2% Savings Promotion
Discovered on 11 Aug 2014 at 11:30 am
UOB Golden Jubilee 1.2% Savings Promotion We present UOB Golden Jubilee 1.2% Savings Promotion to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB Golden Jubilee 1.2% Savings Promotion savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

曾淵滄教路 06.08.2014-恒指50年啟示 機會留給有現金的人
Discovered on 9 Aug 2014 at 7:02 am
2014 Highest Savings Account Rates- August
Discovered on 8 Aug 2014 at 11:30 am
2014 Highest Savings Account Rates- August We present the 2014 highest savings account rates August in Singapore for you this National Day. This is to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates available in Singapore: click here. Singapore savings account rates for 2014 are presented for personal

曾淵滄-股市资讯专栏 08.08.2014-投资股票看长期,看基本因素
Discovered on 8 Aug 2014 at 4:05 am
CNMC Goldmine -Extracting economies of scale (CIMB)
Discovered on 5 Aug 2014 at 9:34 pm
曾淵滄專欄 06.08.2014:投資東亞攻守兼備
Discovered on 5 Aug 2014 at 4:59 pm
POSB 1.5% pa Savings Account Rates
Discovered on 4 Aug 2014 at 11:30 am
POSB 1.5% pa Savings Account Rates 1.5% p.a. when you top-up your savings account. Check out the best 5% p.a. interest rates available in Singapore: click here. We share good news on POSB 1.5% pa Savings Account Rates specials today in 2014. How to qualify for POSB 1.5% pa Savings Account Rates : Top-up your savings account by 31 August 2014 to get POSB 1.5% pa Savings Account Rates.

31 July 2014
Discovered on 4 Aug 2014 at 1:46 am
STI rose 118.39 points, or 3.64% in the month of July, although the trading volume was not high. Market seemed to be unfazed by the regional conflicts in Ukraine and Middle East. Poll results from Indonesia did not affect the market badly, neither did the aviation accidents happened in July. My portfolio did not perform as good as the STI. Its value rose only 1.56% in the month. Perhaps it was due to the fact that many counters went XD towards the end of the month. I bought some Ascendas H Re...

Maybank Singapore Dollar Fixed Deposit Promotion 2014
Discovered on 3 Aug 2014 at 11:30 am
Maybank Singapore Dollar Fixed Deposit Promotion 2014 We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Maybank Singapore Dollar Fixed Deposit Promotion 2014 rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these

My stocks portfolio - Jul 2014
Discovered on 3 Aug 2014 at 1:09 am
My Investment Portfolio (July 2014)
Discovered on 31 Jul 2014 at 10:57 pm
STI ended this month up more than 100 points to 3374. There had been some buying interest in index stocks this month as companies with financial year ending 31 December 2014 will be announcing their half year results this month and in August. Investors might be buying some index heavyweights like banks and property stocks in anticipation of good results.For this month, I have attended the following AGMs/EGMs/briefings - SingPost, Azeus, Ascendas India Trust, Grand Banks, MapleTree Logis...

曾淵滄專欄 30.07.2014:贏錢要講心理質素
Discovered on 29 Jul 2014 at 4:54 pm
Temasek Holdings’ foreign investments
Discovered on 29 Jul 2014 at 6:47 am
Temasek Holdings' investments in Singapore
Discovered on 29 Jul 2014 at 6:45 am
10 wealthiest men in Singapore
Discovered on 26 Jul 2014 at 5:47 pm
曾淵滄-股市资讯专栏 25.07.2014 - 资金主力放于蓝筹股,低价股只可小炒怡情
Discovered on 25 Jul 2014 at 6:16 am
Changi Airport's plans for growth
Discovered on 23 Jul 2014 at 7:29 am
曾淵滄-股市资讯专栏 11.07.2014-总结上半年表现;看好香港地产股
Discovered on 11 Jul 2014 at 9:00 am
Leveraging by Pledging My Existing Investment Portfolio
Discovered on 9 Jul 2014 at 9:30 pm
Over the past 2~3 years, I have built up a "sizeable" unit trust investment portfolio with a bank. The funds I invested are mostly of moderate risk. While the prices did not appreciate very much, I have collected good dividend amounting to 4~5% steadily. Two weeks ago, my RM from the bank asked one of the financial consultant to run a "crisis simulation test" on my existing portfolio. The test was to see how my investment would have been affected by "Sub-prime crisis", "SARS crisis" and "Glob...

My stocks portfolio - Jun 2014
Discovered on 2 Jul 2014 at 10:12 pm
曾淵滄專欄 03.07.14:何時加息 考起儲局
Discovered on 2 Jul 2014 at 4:46 pm
My thoughts on CPF minimum sum, retirement and risk hedging
Discovered on 1 Jul 2014 at 9:30 pm
If you were to receive $155,000 and asked to stop working for 5 years, would you agree? How about stop working for 10 years?I have written articles on retirement and income investing long enough to know that one can never solely rely on CPF for retirement. The main reason is because majority of CPF savings are often used to fund your home purchase, the OA account usually has very little left to be set aside for retirement. Hence more often than not, the minimum sum is usually what is left aft...

My Investment Portfolio (June 2014)
Discovered on 30 Jun 2014 at 11:02 pm
STI ended the month on a losing note at 3255 points. Markets had been quiet this month, with low trading volume on most days. This is because of the ongoing FIFA World Cup in Brazil and also worries about unrest in Iraq. Also, there is no much news on the corporate front to move the market.For this month, I have attended the following AGMs/EGMs/briefings - Global Yellow Pages, Sunvic, ISR Capital, 2nd Chance, Transit Mixed Concrete, Global Invacom and A-REIT.For my top 30 holdings, ...

30 June 2014
Discovered on 30 Jun 2014 at 10:03 pm
School holidays plus football world cup, the result is a sleepy market. STI retreated in quiet market for the month, due to tensions in Iraq and Eastern Europe. STI ended for the first half of the year at 3255.67, dropped 1.22% or 40.18 points compared to last month. Surprisingly, my portfolio performed much better than the STI. Its value dropped only 0.04% in the month, thanks to some defensive counters. I did not make any purchase from open market this month, but received some shares from M...

曾渊沧博士-股市资讯专栏 27.06.14物流业是未来新宠?
Discovered on 27 Jun 2014 at 9:26 am
曾淵滄專欄25.04.14:炒股贏錢全靠耐性
Discovered on 24 Jun 2014 at 4:17 pm
曾淵滄專欄 24.06.14 : 大市急插撈貨有法
Discovered on 23 Jun 2014 at 4:47 pm
曾淵滄教路 21.05.14 歐洲推行負利率 股未必受惠
Discovered on 20 Jun 2014 at 5:48 pm
4 in 10 Singaporeans Want to Retire at Age 55 ....but They Are Probably Not Saving Enough
Discovered on 18 Jun 2014 at 9:26 am
A 2014 Randstad Award survey released earlier this year indicated that almost 4 out of 10 Singaporean employees wanted to retire at age 55.  That is a full 10 years before the official retirement age of 65 in high cost Singapore.  This survey involved over 6,000 employees with ages ranging from 18 to 65.Is retiring at 55 realistic?It is not surprising that many had mixed reactions on how realistic this target is. In yet another survey by HSBC, 4 in 10 Singaporeans were found not to have set a...

曾淵滄教路 14.05.14 路氹擁大量土地 銀娛可趁調整吸納
Discovered on 16 Jun 2014 at 5:46 pm
OCBC 360 Account
Discovered on 15 Jun 2014 at 12:30 pm
OCBC 360 Account We present Singapore OCBC 360 Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Read about a 1.5% p.a. interest payout for a savings account in Singapore. Singapore OCBC 360 Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your

My unit trust portfolio
Discovered on 7 Jun 2014 at 2:54 am
Throughout my investment journey I learned the importance of diversification and dividend investing. Diversification hedges against single stock/bonds mishap and over confidence in one company; dividend provides the psycological consolation of recurring income from my investments. Last year after much deliberation, I liquidated part of my stocks portfolio and purchased unit trust in order to diversify the systemic risk. I still hold a good number of blue chips like DBS, SGX CAMBRIDGE, OUE, Se...

30 May 2014
Discovered on 5 Jun 2014 at 7:37 am
It was that magic month "May" again. STI stayed in negative territory in the first half of the month, suggesting that the market was going to fulfil the saying "Sell in May and stay away". But no! STI recovered in the second half of the month and ended above 3300 today (month end). That is 0.88% (28.8points) higher than last month. Market seemed to have digested all the bad news i.e. Ukraine crisis, China slow down, tension in South China Sea, etc. Though these problems are all unresolved, eq...

My stocks portfolio - May 2014
Discovered on 3 Jun 2014 at 12:13 am
My Investment Portfolio (May 2014)
Discovered on 31 May 2014 at 10:42 pm
STI ended the month up at 3296 points. Markets had been quite steady this month. Companies with financial year ending March 2014 had been reporting their full-year results, and most had met market expectations. Basically, markets lack more bad news to pull it down, therefore it had remained steady.For this month, I have attended the following AGMs/EGMs/briefings -Petra Foods, HanKore, Jacks International, Frasers Centrepoint Trust and Low Keng Huat.For my top 30 holdings, the main co...

UOB SRS Interest Rates
Discovered on 11 May 2014 at 12:00 pm
UOB SRS Interest Rates We present Singapore UOB SRS Interest rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB SRS Interest Rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. UOB SRS Interest Rates are subject to

OCBC Frank Account
Discovered on 4 May 2014 at 1:00 pm
OCBC Frank Account We present Singapore OCBC Frank Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore OCBC Frank Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. OCBC Frank Account Details : = 0.20% to

My stocks portfolio - Apr 2014
Discovered on 4 May 2014 at 6:20 am
30 April 2014
Discovered on 1 May 2014 at 2:56 am
Equity market performed well in the month of April, though the tension in Ukraine and news on Chinaslow down affected the sentiment and limited the up side. Good corporate earning results helped the market to move up. STI performed well except the last week of the month, when rising tension in Ukrainecaused some sell brought down the index. Towards the end of the month, the good results reported by the 3 local banks sent market moving up again. STI closed at 3264.71 today, rising 76.09 points...

My Investment Portfolio (April 2014)
Discovered on 30 Apr 2014 at 11:25 pm
STI ended the month up at 3264 points. It had been a month of buyouts as companies with good asset backing had been a target of takeover offers and privatisation. The companies in question include CapitaMalls Asia, Hotel Properties, LCD Global Investments Ltd etc. This had led the market re-rating some of the stocks in this category which supported the market somewhat. There is also some speculation as to which company will be next in the list of buyout. The 3 local banks also reported their ...

UOB Wealth Premium Account
Discovered on 20 Apr 2014 at 11:30 am
UOB Wealth Premium Account We present Singapore UOB Wealth Premium Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB Wealth Premium Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. UOB Wealth Premium

My stocks portfolio - Mar 2014
Discovered on 1 Apr 2014 at 4:42 am
My Investment Portfolio (March 2014)
Discovered on 1 Apr 2014 at 12:38 am
STI ended the month at 3188 points. Good news out from US and China seem to support the market this month coupled with not much bad news from the Ukraine-Russia front. The last week of the month was particularly strong for STI.For this month, I have attended the following AGMs/EGMs/briefings - Qian Hu and Roxy Pacific.For my top 30 holdings, there are some minor changes. Hong Fok and Far East Orchard moved up quite a bit after I added more into them this month. ABR Holdings is a new sto...

31 March 2014
Discovered on 1 Apr 2014 at 12:19 am
The equity market did well in March though it started weak. US stocks rallied despite the problem in Ukraine and weak economic data from China. Towards the end of the month, market spoke about possible stimulus from Chinese government further supported the stock price. STI performed well, rising 2.5% in the month. As at 31 March, STI closed at 3,188.62. This also brings STI into positive territory for the year. My portfolio was less impressive. Its value rose only 1.49% in the month of March....

Yingde Gases
Discovered on 22 Mar 2014 at 10:55 am
This is a cheaper version of Air Liquide and Praxair.  Yingde Gases is the largest bulk industrial gas producer in China:By end of 2013, they say they had a 47% market share.  Currently selling for 11 times earnings and growing fast,  compared to 16-18 times for Air Liquide, and 20 plus times for Praxair.Business ModelSimilar to Air Liquide and Praxair (build plants next to customer, long term take-or-pay contracts), with a few differences:The MNCs prefer to build in clusters (p6) in cert...

My stocks portfolio - Feb 2014
Discovered on 7 Mar 2014 at 8:51 pm
28 February 2014
Discovered on 3 Mar 2014 at 5:43 am
Global equity market did well in February. Good earnings from Companies reports and economic data push the indexes higher. Speech from the new Fed Head also supported the stock market.Singaporemarket started weak after Lunar New Year, but recovered from the second week. Though lagging behind the regional markets, STI stayed in positive territory from then till the end of the month. My portfolio somehow lagged behind STI this month. At the end of the month, STI rose 88.87 points, or 2.94% comp...

Kering
Discovered on 2 Mar 2014 at 6:31 am
Kering (formerly PPR), the owner of Gucci and Bottega Vanetta, is a conglomerate and has recently streamlined its operations to focus on Luxury. 66% of revenue (and 96% of operating income) were from Luxury in 2013.The BrandsGucciGucci is positioned slightly below LV/prada, above Burberry/Coach.  From visiting a small Singapore store (6 months ago):The store was slightly busy/crowded.  We just walked in, they do not make people wait in line like Prada/Vuitton do.Price tags are on the items...

Newbie's IB Portfolio and New Bond Portfolio - End February 2014
Discovered on 1 Mar 2014 at 1:46 am
My Investment Portfolio (February 2014)
Discovered on 28 Feb 2014 at 9:41 pm
STI ended the month at 3110 points. It started the month on a weak note and it actually fell below 3000 points and hit a 52 week low of 2960 points during the month. However, it recovered towards the end of the month to close higher. Companies had been releasing their full-year results towards the end of the month and there are some buying interest as things are not as bad as expected. Also, most companies are still paying dividends and that had attracted some investors back into the market.F...

Bought Kering
Discovered on 26 Feb 2014 at 6:20 am
Bought 117 shares of Kering @ 153.35 Euros on 18/Feb/2014.Will write up later.  Kering is the only Luxury company trading at a reasonable (but not cheap) valuation of 14X earnings.  Their main brand Gucci is out of favor right now.  Long term investment.  This is half a position.  Would buy more if it drops to 120+.Shares are directly managed to avoid counterparty risk.  Held through CACEIS.

Sold ESRX
Discovered on 26 Feb 2014 at 6:05 am
Results on the 24th were below expectations, ESRX gapped down on 2X average volume (not shown in the chart) and is now below 50 EMA.  I thought the results were OK, but the market reaction is what counts.  Although it has not broken the uptrend, I am uncomfortable with the reaction and cut loss.  Sold on Tues 25th 360 shares @ $74.34.  Lost about USD 530.I bought because it was going up.  It stopped going up.

Newbie's IB Portfolio - Short Gold! OMG!!!!
Discovered on 26 Feb 2014 at 12:28 am
Ridiculous Initial Margins In IB For 2 Closed End Funds?
Discovered on 25 Feb 2014 at 12:02 am
Newbie's IB Portfolio - Interim February 2014
Discovered on 24 Feb 2014 at 7:38 pm
Newbie's IB Portfolio - Problems Encountered
Discovered on 20 Feb 2014 at 7:37 pm
Newbie's IB Portfolio - Inception
Discovered on 19 Feb 2014 at 8:26 pm
Bought Express Scripts (ESRX)
Discovered on 16 Feb 2014 at 7:43 am
Had my eye on this for a while; bought because it did not fall when the indexes corrected (22nd Jan to 5th Feb), and the correction is (hopefully) over:Bespoke Investment also notes that the Drugs and Biotech has been the strongest industry group since the start of tapering (mid Dec), and Healthcare is one of the strongest sectors in the February's post-correction bounce. Fundamentally:ESRX is the largest Pharmaceutical Benefit Manager in the US.  Their business is to act as a middleman betwe...

Is the US market correction over?
Discovered on 16 Feb 2014 at 3:45 am
Probably.Long term, we were expecting a correction, but breadth did not indicate the bull market is ending (1) (2).Friday 24th was a 90/90 day. This Lowry Research paper (from TBP) is worth reading.  "Almost all periods of significant market decline in the past 69 years have contained at least one, and usually more than one," 90/90 day.They may signify major declines:They "typically occur on a number of occasions throughout a major decline, often spread apart by as much as thirty trading days...

My stocks portfolio - Jan 2014
Discovered on 6 Feb 2014 at 9:25 pm
30 January 2014
Discovered on 4 Feb 2014 at 5:44 am
January 2014 has not been a good month for the equity market. Weak data from China affected the share market performance. US Fed’s announcement to further trim USD10 Billion in bond buying towards the end of the month sent worldwide stock market in to down fall. Singapore market performed badly this month. STI dropped 145.52 points (4.59%) to end at 3,021.91 at the end of the month. My portfolio dropped with STI. Its value decreased by 3.25% for the month. Judging by the trend and news receiv...

Research report on yield securities - SGX
Discovered on 3 Feb 2014 at 8:57 pm
My Investment Portfolio (January 2014)
Discovered on 31 Jan 2014 at 9:03 pm
STI started the year on a weak note. The expected CNY rally did not happen and STI retreated to around 3027 points. Many factors were cited for this weakness, with the US Fed cutting its stimulus, weak manufacturing data from China, weakness in emerging market currencies etc. At home, property stocks received a beating as investors are worried about slow moving sales in the local residential market after various government measures to cool it.For this month, I have attended the followin...

Newbie's new bond portfolio performance - 2014 against Inception (31st December 2012)
Discovered on 31 Jan 2014 at 7:46 pm
My stocks portfolio - Dec 2013
Discovered on 1 Jan 2014 at 11:53 pm
Investment Strategy for 2014
Discovered on 1 Jan 2014 at 2:27 am
2014 is expected to be a good year for the markets, at least according to the analysts. Corporate profits are expected to go up, and markets are cheering since the tapering had started slowly and not as bad as expected. Economics are humming along, which should be good for equities.Personally, I think one should be prepared for volatility in the markets for the year ahead. Your portfolio must be able to withstand market correction and also take opportunities to re-invest back into the markets...

My Investment Portfolio (December 2013)
Discovered on 31 Dec 2013 at 10:01 pm
STI ended the year at roughly the same level as the start of it. There had not been much news flow this month as most investors are having their usual December year end holidays. Trading volume was thin. The two half day sessions during the month doesn't help things either. Lack of corporate developments was also apparent during the month as most company staff might be away on holidays as well.For this month, I have attended the following AGMs/EGMs/briefings - OUE, UIS, Riverstone, Ezra,...

31 December 2013
Discovered on 31 Dec 2013 at 8:20 pm
December has been a quiet month for Singapore stock market. The market seemed concerned by the US tapering of QE3. STI traded in negative territory in the first half of the month with thin volume. Towards the end of the month however, the market started to move upwards, probably due to the year-end “window dressing” effect. At the end of the month, STI closed at 3167.43, down 8.92 points or 0.28% from last month. My portfolio performed slightly better. Its value rose by 0.32%. I received som...

Review/Reflections for 2013
Discovered on 28 Dec 2013 at 9:20 pm
It is time of the year to do a review again. Thinking through what to write for this post, I thought readers out there might be bored to read the same old things again. Because there is not much change in what I had been doing in 2013 as compared to 2012, which means there is nothing new to write. Except for adding onto my existing portfolio and also reducing my stake in some old ones, there is not much change in the way I manage my portfolio.But of course, if I want to write about market "no...

REITs scrip dividend scheme - Beware of its pitfalls
Discovered on 9 Dec 2013 at 11:07 pm
Dear readers,I have shared previously at this blog on the scrip dividend scheme or dividend reinvestment plan (i.e. DRP). Readers who missed it previously can review it again at the link below:http://ghchua.blogspot.sg/2010/11/scrip-dividend-scheme-details.htmlRecently, during my conversation with one investor, I have discovered that he had elected to participate in the DRP for a REIT but did not choose the part cash, part share option. He choose Option 1 to let the company decide the number ...

My stocks portfolio - Nov 2013
Discovered on 8 Dec 2013 at 9:21 pm
29 November 2013
Discovered on 1 Dec 2013 at 8:13 pm
November has been quite a lull month in the local stock market. Market sentiment seemed to be dampened by the talk that US will scaled back the bond buying program next year, and the coming debt ceiling deadline early next year. Towards the end of the month, US market rallied, with index hitting highs. However, the local market went into an unusual lull period, moving side way for the past few days. STI ended last month at 3176.35, down 1.07% from last month (October). My portfolio perform sl...

My Investment Portfolio (November 2013)
Discovered on 30 Nov 2013 at 8:55 pm
STI closed down to 3176 points by the end of November 2013. It was a lacklustre month for the S'pore market despite Dow hitting new highs. Low volume and lack of direction had been the characteristics of the local market this month. The Thai demonstration towards the end of the month had further dampened interest in the market.For this month, I have attended the following AGMs/EGMs/briefings - Southern Packaging, Jason Marine, F&N, Sunright, Sinopipe, Vicplas, Khong Guan, Mermaid, CSE Gl...

Managing a portfolio of 500+ stocks - The Process
Discovered on 11 Nov 2013 at 2:04 am
Dear all,How do you manage a portfolio of 500+ stocks?I think this question came out quite often during my conversation with many people out there and also comments on my blog postings. Therefore, I have decided to write this blog entry to response to some of the queries out there.Previously as a Test Development Engineer, I was required to run more than 3000+ regression test cases for my product across various platforms. Nobody asked me how I managed to do so and I was surprised that many pe...

My stocks portfolio - Oct 2013
Discovered on 3 Nov 2013 at 10:29 pm
31 October 2013
Discovered on 2 Nov 2013 at 5:10 am
The US politicians did not find a solution to raise the government debt ceiling on time and part of the US government was shut down for 2 weeks. The equity market reacted negatively to this. However when the politicians agreed on a temperary solution and the shutdown Wayang ended, market recovered immediately. The positive earning results of US corporation (and some SG companies) supported the market as well. As a whole STI ended in positive territory in October. STI closed at 3210.67 on 31...

My Investment Portfolio (October 2013)
Discovered on 31 Oct 2013 at 10:28 pm
STI closed at around 3210 points by the end of October 2013. Although it seems that STI had gained some ground this month as the US government shutdown issue had been deferred further, it is really a bad month for retail investors in Singapore. This is because of the meltdown of the penny stock segment of the market, mainly due to the trading curbs imposed by broking firms on the now infamous trio of designated counters. Chaos were witnessed by me personally at the cashier of a broking house,...

The UIS Story - The End Game?
Discovered on 24 Oct 2013 at 9:39 am
The UIS story first appeared in this blog at the following link:http://ghchua.blogspot.sg/2009/12/uis-story-closed-end-fund-vs-open-end.htmlA few years had passed and the majority shareholders request to liquidate the fund:http://infopub.sgx.com/FileOpen/UOB-A2013-109.ashx?App=Announcement&FileID=261029Is this the end game for UIS? Will minorities support the liquidation? Will it be able to liquidate close to NAV, considering there are other liabilities to take care of like liquidation costs,...

My stocks portfolio - Sep 2013
Discovered on 5 Oct 2013 at 11:41 pm
30 September 2013
Discovered on 4 Oct 2013 at 7:44 pm
“世事如棋局局新”. Whatever were affecting the stock market negatively in August, were suddenly seemed averted: Fed announced that they were not scaling back their bond buying as yet, USmilitary action against Syriawas hold back. So the market reacted to the good news positively and rallied.STI rose 94.95 points, or 3.13% in September. My share portfolio performed even better. Its value rose 5.24% (net of amount invested this month), almost recovered the losses in August. During the month, all my C...

My Investment Portfolio (September 2013)
Discovered on 30 Sep 2013 at 8:13 am
STI closed at 3167 points by the end of September 2013. It was a volatile month for investors. Markets had cheered as US decided to postpone tapering but worries about Europe political woes and US government shutdown towards the end of the month pulled back some of the gains.For this month, I have attended the following AGMs/EGMs/briefings - Fortune REIT, SGX, MIIF, GK Goh, Lian Beng, TEE International and China Sky.For my top 30 holdings, Guthrie GTS dropped out of the list as I have a...

Air Liquide and Praxair
Discovered on 28 Sep 2013 at 8:47 pm
A look at the numbers for the companies in this industry. Revenues and ProfitsComparing the size of the four largest players, their revenue and profits (in same currency):Linde's profits are for the Gas Division segment only (probably excluding admin costs), which is why they are so high.  Ignore them.Air Liquide is by far the largest, in terms of revenue and profit.   Praxair is far more profitable, with a 20% operating margin in 2012 vs a 14% margin for Air Liquide.  Praxair has also gr...

Insights into Risk Management & Financial Markets: Do you think I am an idiot
Discovered on 21 Sep 2013 at 4:15 pm
Insights into Risk Management & Financial Markets: Do you think I am an idiot: 2013 is the year where markets is ‘played’ to the tune of QE and its noises. Not depression, inflation, growth, etc. My earlier post ...

Do you think I am a financial idiot?
Discovered on 21 Sep 2013 at 4:02 pm
2013 is the year where markets is ‘played’ to the tune of QE and its noises. Not depression, inflation, growth, etc. My earlier post on GFC, QE1 QE2 (QE3, QE infinity, QE finite) what’s next is the series of events on a blueprint of how financial markets is designed to trend. Why QE? Global (and US) QE were designed to lower long term interest rates with the objective of improving growth!

Bulk Industrial Gases
Discovered on 15 Sep 2013 at 8:16 am
This industry is interesting due to its natural barriers to entry.  Because gas is expensive to transport relative to its value - basically they are selling air! - operations are regional.  Once a region is served by an incumbent, it is not economical for a newcomer to make the investment required to enter.  In addition, there are only a handful of global players.Most of this comes from a Morningstar article, and Air Liquide's 2012 Annual report.Industry SegmentsBecause bulk gases are mo...

My stocks portfolio - Aug 2013
Discovered on 5 Sep 2013 at 10:14 pm
My Investment Portfolio (August 2013)
Discovered on 31 Aug 2013 at 3:30 am
STI closed at 3028 points by the end of August 2013. It was a bad month for investors. Markets are worried not only on the volatile currency movements, Fed expected tapering but also US and some of its allies considering military action on Syria. Obviously, with so much bad news, markets had been sold down badly.For this month, I have attended the following AGMs/EGMs/briefings - China Animal Healthcare, Jubilee, United Engineers, Petra Food, Novo Group, Stamford Tyres, Elite KSB and Freig...

31 August 2013
Discovered on 30 Aug 2013 at 8:47 pm
August has not been a good month for stock investers in Asia. Fear that US will scale back their easy money policy soon and the treat of a US-lead UN military action in Syria rock the global stock market. Value of Rupee, Rupiah and Ringget depreciated in recent months Hot money flowing out of Asian emerging markets like Thailand and Phillippines. Alls these news are not good for stock market. China Minzhong was ambushed by a US short seller, whose report accused CMZ of fabricating customer re...

My stocks portfolio - Jul 2013
Discovered on 4 Aug 2013 at 11:14 pm
31 July 2013
Discovered on 1 Aug 2013 at 5:12 am
After falling for two consecutive months (May and June), the stock market stabilised and recovered in July. As the fear that Fed stopping easy money policy gets over, investors' confidence seems to return. STI recovered some losses in the month. At the end of July, STI rose 95.01 (3.02%) to close at 3245.45. My portfolio did not do as well as STI, its value only rose 2.26%. This is mainly due to poor performance of property related counters and some Reits. This month I bought some CapitaLand ...

My Investment Portfolio (July 2013)
Discovered on 31 Jul 2013 at 2:38 am
STI recovered to 3221 points by the end of July 2013. It was a decent month for investors as markets are more confident of the US recovery story. Also, back in S'pore, the numbers for economic data are decent and that supported the market as well.For this month, I have attended the following AGMs/EGMs/briefings - Far East Orchard, MapleTree Logistics Trust, Metro Holdings, Global Logistic Properties, MapleTree Industrial Trust, SIA Engineering, Azeus, MapleTree Commercial Trust, Bukit Semb...

Notes on GoodPack
Discovered on 5 Jul 2013 at 9:50 pm
Since I last looked at it, the profile of this company has changed a little.Note their financial year ends June. CashflowsHaving being leasing IBC's for the past few years, they have been able to generate free cashflows (yellow below):But from this year onwards, Capex will rise as they go back to buying IBCs. As of 3Q 2013 (May), they have already spent 102m on PPE.  Both OCBC and DBS-Vickers predicted higher capex for 2013 and 2014.:Balance sheet As of May 2013, total debt was USD 266m, off...

My stocks portfolio - Jun 2013
Discovered on 3 Jul 2013 at 10:26 pm
28 June 2013
Discovered on 30 Jun 2013 at 10:04 pm
The month June has been an unpleasant one. The global stock market was hit by news that US would scaled back the QE program and some bad news from China. Singapore market was not spared and went into correction mode. Some even fear the bear is back. Market corrected quite a fair bid, depite some rebounds in between. As at month end, STI drop 161 points, or 4.86% compared with end of May. The value of my portfolio dropped 4.04% in the month, almost in line with the index. As the market correct...

My Investment Portfolio (June 2013)
Discovered on 30 Jun 2013 at 12:59 pm
STI was sold down to 3150 in June 2013. It was another bad month for investors as markets are worried about bad loans in the China banking system, in addition to the usual worry of interest rate hike. High yielding liquid stocks like REITs and stocks with exposure to China are targets of major sell down. Also, the haze and news of a contractor for MRT project being in financial stress had caused some of the construction stocks to be hit as well.For this month, I have attended the following...

Still Waiting....
Discovered on 30 Jun 2013 at 4:16 am
After a 9 month rally: finally a pullback! Due to the Fed's comments on 'tapering'.  And something about China.My gut feeling is that this will probably be a 10-20% correction.  Don't think we reached the euphoria seen at the end of a bull market.  Maybe we get a *real* bear 1 or 2 years later.We are also in the twelfth year of a secular bear market, which usually last 12-18 years.  I must consider the possibility, however wrong it feels, that the secular bear is over, and its 1982 again.And ...

Company Warrants Expiring in 2013 - Actions Needed
Discovered on 7 Jun 2013 at 9:38 pm
I need to remind myself all the outstanding company warrants that are expiring in 2013 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.TRANSCU W130109, Expiry Date: 9 Jan 2013, Exercise price = $0.04, Conversion ratio 1:1 - Warrants expired worthless.PANASIAN W130111, Expiry Date: 11 Jan 2013, Exercise price = $0.08, Conversion ratio 1:1 - Warrants expired worthless.ERATAT EW130111, Expiry Date: 11 Jan 2013,...

My stocks portfolio - May 2013
Discovered on 3 Jun 2013 at 9:05 am
My Investment Portfolio (May 2013)
Discovered on 31 May 2013 at 11:48 pm
STI retreated in May 2013 to close at 3311. It was a very nervous month for investors as volatility in Japanese stock market, worries about Fed cutting back its bond purchases etc dominated market news.For this month, I have attended the following AGMs/EGMs/briefings - Tee International, Petra Food, Jacks International, Ascendas Hospitality Trust, Ascott REIT, Low Keng Huat and Straits Trading.For my top 30 holdings, the big mover had been Bonvests as I added more into the stock. Transpa...

31 May 2013
Discovered on 31 May 2013 at 4:54 am
For many years, May has always been a month when I received big dividend, but at the same time suffered loss in share prices. So this year, when STI did well in the first half of the month, I thought: "Hmm...., finally this year is different." Then came the bad numbers from China and Mr. Market reacted adversely to it. Alas.. history repeated itself. Personally, I feel the sell down in the past few days was overdone. The market was waiting for a trigger to "correct" the run-up earlier. So whe...

Good savings from SRS and CPF voluntary contribution
Discovered on 24 May 2013 at 8:14 pm
It is the time of the year to pay income tax. The company owners are happy to receive dividends instead of income as they are tax a maximum of 18% at corporate level. The income I receive from REITs and listed company has already been taxed at source. Hence, I do not benefit from the corporate tax structure. For ordinary middle income Singaporeans like you and me, we can contribute to SRS and CPF (special account) to save a little on tax.I have completed my last module last year for my postgr...

What happened to my Sembcorp put option trade I did in March?
Discovered on 7 May 2013 at 4:55 am
After entering the trade on my ELN for SCI, my initial outlay for 11,000 shares was 54,604.28. It was converted to shares, instead of just earning the option premium. Just after it went XD, I sold it at $5.02, settlement amount was $55,107.73. Hence capital gain was about $500. I am also entitled the $0.15 per share dividend, which works out to be $1650. Hence the total gain was $2,150. In percentage terms, my gain was 3.9% over 1 month. Given the current rising/range trading markets, I will ...

30 April 2013
Discovered on 30 Apr 2013 at 4:39 am
This month, US market seemed to perform pretty well, following some good corporate results. Not so for the local market. Corporate results was mix, and the ST Index was hovering up and down without a clear direction. Most of the months it stayed slightly below March closing, until the last week. Then it suddenly moved forwards to new high on the last few day, at a time when GDP forecast was revised downwards by some local bank. You ask me? I don't understand.As at today, STI closed at 3368.18...

SPH CRASHED 5.65% IN ONE DAY
Discovered on 15 Apr 2013 at 4:41 am
Fortunately I closed my entire SPH position in one day when it reached $4.47. It is facing the stark fact that it is a sunset/declining industry, inching its demise towards paperless age. The REIT story was a nice opportunity to exit at a modest profit. Will it materialize? Perhaps not in the next 6 months. I have since reinvested the proceeds in unit trust, oil and gas, utilities sector and embarked on portfolio financing by pledging all my shares and unit trust to a bank. By end of May, I s...

The Car Industry
Discovered on 13 Apr 2013 at 6:51 am
I like Volkswagen's branding, due to their ownership of multiple brands at different price points.Unlike Mercedes or BMW, for instance, who risk diluting their brand as the move downmarket to sell cheaper and smaller cars.  Or Toyota, who created an upmarket car, but can't quite break into the luxury market...because its still a Toyota.  Always a bad idea to have your branding based on a single name. Volkswagen have increased their European market share from 18% in 2005 to 24% in 2012, due ...

F&N to be delisted?
Discovered on 4 Apr 2013 at 10:13 pm
Fraser and Neave (F&N) might not be delisted after all.  After controlling shareholder took over the company, there has been 2 senior appointments to the board of F&N.  The property and beverage conglomerate has appointed Koh Poh Tiong and former Singapore finance minister Richard Hu to the board.  Mr Koh Poh Tiong is a food and beverage veteran.These appointments have led to speculation that Mr Charoen who bought over F&N might be keen to keep F&N listed on the Singapore stock exchange.  Mr ...

28 March 2013
Discovered on 28 Mar 2013 at 4:51 am
Time really flys! Before one realises it, a quarter of the year has passed. Since it's a public holiday tomorrow, today is the last trading day of the month. The biggest news this month affecting the stock market must has been the banking crisis in Cypus. The worst seems to be adverted, but as the problem was not yet solved, it may come back again. With the news that this problem was somehow released, the equity market did quite well in the past few days. STI movement was somehow rangebound, ...

iWatch vs Swatch
Discovered on 25 Mar 2013 at 4:13 am
Apple's rumored iWatch would not be a watch, but a complement to an iPhone.  Probably some snap around bracelet, with a wireless connection to it.  With, for example: automatic passcode unlocking, NFC for automatic payments, help finding your lost phone, etc.Samsung has also confirmed they are also working on a watch.The Swatch CEO has come out to say that he does not think its a big deal.Yes, luxury mechanical watches and an electronic iPhone-complement device are different products, address...

Marco Polo Marine- A Buy
Discovered on 19 Mar 2013 at 7:30 pm
Marco Polo Marine (MPM) headquartered in Singapore is an investment holding company which was founded in 2006. Its primary business is to offer tug boats & barges to a diverse set of customers spanning from commodities, mining, infrastructure, construction, property development and land reclamation industries amongst others It also engages in transshipment services which could be defined as transportation of coal from the Indonesian mines to coal purchasers and from their transporting it to A...

Nam Cheong Limited - A Buy
Discovered on 18 Mar 2013 at 10:36 am
Nam Cheong Limited (NCL) is the largest Offshore Support Vessels (OSVs) shipbuilders in Malaysia. It is also one the largest regional players. Established four decades ago, NCL is headquartered in Kuala Lampur, Malaysia. Its prime focus is on building environment friendly & technologically advanced OSVs which are used in the exploration & production of offshore oil & gas.Currently, NCL has 37 vessels in October 2012, under its shipbuilding program which is due for completion by 2013.NCL’s glo...

Sold off all my SPH at $4.47!
Discovered on 13 Mar 2013 at 4:57 pm
I sold off my SPH at almost 5 years high of $4.47 pocketing a nice profit and the dividends since 2007. I received about 6% dividends every year while sitting of paper losses of between 100,000 to 10,000. It was a difficult period to hold on to such a stock with very limited upside. During the Lehman brother crisis, the generous dividends gave me strength to buy ARA, Fortune Reit, Parkway Life, Starhill Reit, Lippo Malls, Cambridge, OUE etc, while all these counters have gave me nice dividen...

3 Bedroom or 3 Bedroom Dual Key
Discovered on 9 Mar 2013 at 7:41 pm
The dual key unit costs $975,000, which is about $250,000 more than the unit I bought. I was struggling whether to spend that $250,000 for the unit for investment. However I decided against it, not due to affordability issue, but rather value principles. The dual key unit costs $250k more compared to 3BR, $300,000 more than a 2BR. Hence buyers are paying more than 1,000 psf for the 250 square feet studio. This costs the same as buying private condominium studios. If Topiary appreciates, likel...

Finally bought a property! (Part 3)
Discovered on 9 Mar 2013 at 5:58 am
Then, we chanced upon Topiary, which looked very far off on the Singapore Map near Sengkang, along Fernvale and Yio Chu Kang Road. It is not within 5 minutes to walk to Fernvale LRT. It is a good 15 minutes. We walked over to Greenwich, which has a cold storage and a number of nice restaurants. The nearest MRT was Buangkok 3km away, followed by Yio Chu Kang, a 10 minutes drive away. Clearly, the location was not the best. However, we noticed that new condo developments just across the road ...

Finally bought a property! (Part 2)
Discovered on 9 Mar 2013 at 3:47 am
Upon deciding to purchase Riversail, I brought my family members, fiancée, colleagues to view my chosen unit. They all feel it is a good buy, given current market situation. My fiancée who started work 6 years ago also said she could contribute some money for our future (be it for own stay or investment). All the better, then I will include her in the mortgagor as well. We did our sums and financing was extremely comfortable; she has about $70,000 CPF and $20,000 cash to contribute, I can cov...

Finally bought a property! (Part 1)
Discovered on 8 Mar 2013 at 3:43 pm
The next few posts will document my journey to search for a value property and the thinking process, dilemma I had during the hunt. The first property showroom I went was Riversail near upper Serangoon Cresent. It was a private condominium developed by Allgreen. The property was about 3KM from where I am staying. I like the property for several reasons. - Near to my current home. I am familiar with surroundings such as Hougang Mall, Buangkok, Compass point, Nex, Kovan heartland mall. - Next t...

ARA Asset Management - Good Business, Great Stock?
Discovered on 2 Mar 2013 at 6:55 am
ARA Asset Management is an Asian real estate fund management company that focuses on the management of public-listed real estate investment trusts (REITs).  ARA is listed on the Singapore Stock Exchange and is also an affiliate of Cheung Kong Group (whose chairman is currently Li Ka Shing).Company InfoARA was listed on SGX on 2 Nov 2007.  It manages various REITs that are listed on both the SGX as well as the HKSE and Malaysia Stock Exchange.  REITs that it manages includes Hui Xian REIT (HKS...

28 February 2013
Discovered on 28 Feb 2013 at 4:30 am
The bull that had run up quite lot since late last year appeared to be a bit tired this month. Renew worry on the European crisis dampened investor sentiment. The global stock market started to consolidate and doing some yo-yo. The Italy poll result didn't help the situation. STI went up and down, but somehow range bound. It settled at 3269.95, or 10.44 (.32%) lower than last month. Corporate results were mix, while banks did well, others lik SCI, SCM reported lower profit (and lower dividend...

Global Premium Hotels - A Buy?
Discovered on 27 Feb 2013 at 11:34 pm
Global Premium Hotels (GPH) operates one of largest chain of budget hotels in Singapore. Its established track record and reputation of providing affordable accommodation has led to its "Fragrance" brand of hotels becoming well-established in the local and regional hospitality industry. Most of GPH’s assets and hotel operations are located in the city or city-fringe areas in Singapore.                                      Global Premium Hotels runs 23 hotels across the country out of which 22...

6.9M population? I don't believe...
Discovered on 10 Feb 2013 at 9:03 am
I do not follow a lot on the ranting of increasing our population to 6.9M. The existing infrastructure have their own constrains to be able to cope with another 1.5M of population. Look at our expressways. If we were to widen the roads, it will cut into temples, homes, pavements. Our main MRT stations are already near to maximum capacity. How much more can they transport? Our cars are already very expensive. Must cars be so expensive that it is only a privilege for the wealthy?   The fundamen...

A Visit To #1 Loft at Geylang
Discovered on 10 Feb 2013 at 2:13 am
Few days ago I passed by a condo showroom about 400M away from Mountbatten MRT. I was curious about the climate of sales in new launches and decided to pop in.  As usual, the actual location of the development was not at the showflat but about 1km away at Geylang Lorong 24.  Nice bed that matches with decorThere were only 2 prospective buyers in that afternoon (including me) in the showroom. The agent was very warm, telling me it is a 5 minute walk to Mountbatten MRT and Aljuned M...

Beware of BID and ASK Spread for Cars!
Discovered on 4 Feb 2013 at 6:36 am
Lately out of curiosity, I decided to check out the value of my 7 year old Japanese car. A search at sgcarmart revealed that the same make/model/year cars would have asking prices of between $20,000 to $25,000 depending on mileage and month of registration. I bought this car in 2006 for $46,000  (no loan) and the car has a residual value in 2016 of $6,000. This means the average depreciation over 10 years is $4,000 yearly, assuming a straight line depreciation accounting. However, if I can ...

31 January 2013
Discovered on 3 Feb 2013 at 7:54 pm
The stock market got onto a good start this year with STI powered to 3,280, or up 3.58% in January. Investors worldwide seem to have shrugged off their concerns and got on to a risk-taking mode. Recent datas from US and China also gave investor confident a boost. My portfolio performed even better than STI in January. Its value rose 5% in January, due to price movement of some mid-cap counters. I did my first sell trade this year and sold off Union Steel shares. I bought some Yangzijiang shar...

Secular Bear Markets - don't wait for another big crash
Discovered on 21 Jan 2013 at 8:14 am
I'm now waiting for a recession or bear market.   As an amateur doing this part time, the safest way is just to wait for a crisis, which seems to happen at least every ten years.   I dream the market drops 40%, like in 08, and I get to buy stocks on the cheap.  I'll probably be waiting a few years more.  From "The Great Super Cycle" by David Skarica:Since 1900, four secular bears lasting 15-20 yearsSecular bull starts when valuations are compressed: In 1949, S&P's PE ratio was 9.1, In 198...

31 December 2012
Discovered on 31 Dec 2012 at 9:11 pm
December turned out to be a good month for the stock market. Though US fiscal cliff problem is still hanging and the European situation not getting better, the stock market remained quite calm and the indices rose in quiet sessions. STI continues its upward movement and ended the year at 3167.08 , 3.16% higher than last month. My portfolio did not do as well as STI. As at 31 Dec, the value only increased by 3.12%. In the month of December, I bought some shares of Popular, and got cambride IT ...

How to measure your life?
Discovered on 25 Dec 2012 at 4:45 am
Clayton Christenson, retired professor of Harvard Business School spoke to a group of students about life. He applied his business theories on life and offered some good advices on how to live a good and satisfying life. Prof. Christensen argued that, when we measure our lives, we always mistaken short term tangible indicators such as social hierarchy and wealth as the true measure of a successful life. i.e living in a capitalist society, we are nurtured, so to speak, to measure our lives the...

Prada
Discovered on 3 Dec 2012 at 4:47 am
3rd largest luxury handbag brand/company in the world.  For fashion and leather, the Prada brand had 2011 sales of 2b Euros, compared to:LV's sales of 8.7b (includes all LVMH's fashion and leather brands - Fendi, DKNY, Loewe, Celine and others - majority of sales are probably from Vuitton).Gucci's 3.1b (part of PPR). What do they do?In 1H12, 62% of their (company wide) sales were leather goods (excluding footwear), so we'll concentrate on that.  In Asia, I would say that all the 'fashio...

SGX My Gateway November Highlights
Discovered on 3 Dec 2012 at 3:04 am
(Repost - My Gateway Updates)Today marks the first session of December which is scheduled to see a total of 18 full sessions and two half sessions, with stock market closures on 25 December in addition to the afternoons of 24 December and 31 December. Securities trading on Christmas Eve and New Year’s Eve will be from 9.00 am to 12.30 pm with the Closing Routine from 12.30 pm to 12.36 pm. Looking at the month of November, the STI appreciated +1.04% in price, with some dividend distributions b...

Why having an investment philosophy is important
Discovered on 28 Nov 2012 at 8:00 am
If you are a reader of my blog, you probably have heard of Muddy Waters and OLAM. Let’s look at the 4 charts of OLAM, NOBLE, WILMAR, GOLDEN AGRI .   Poor performance relative to local STI. In fact if you look at commodities asset class as a whole, most of them are performing poorly, with the exception of physical gold and oil. Recall my post here in 2008 where I blogged about my investment philosophy. I wrote at one point on NOT investing in high volatile stocks and assets classes. “I do no...

Quick notes on Swatch
Discovered on 13 Nov 2012 at 7:39 am
1) Omega is trying to move upmarket, having:        - increased prices dramatically (~30 to 50%) in the past few years, with       - more marketing: Olympics and James Bond, and        - pulling stock from third party stores while relying on their own boutiques.  Who no longer give the expected 20% off MSRP.If successful, they will end up like Rolex: widely known to the general public as an expensive watch to buy when you've 'made it'.  Instead of 'the watch for when you cannot afford Rolex'....

Tough time ahead for Tiger Airways
Discovered on 8 Nov 2012 at 10:30 am
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Time to hold Neptune Orient Lines
Discovered on 4 Nov 2012 at 10:30 am
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Dynasty REIT IPO - Li Ka Shing linked to launch end October
Discovered on 14 Oct 2012 at 7:58 am
Backed by Hong Kong billionaire Li Ka Shing, Dynasty REIT will be the first yuan denominated REIT IPO to be launched in the Singapore stock market.  The IPO of Dynasty REIT will be the largest in Singapore this year, surpassing that of Far East Hospitality Trust that was just launched in August 2012.So far, the trust has secured two cornerstone investors: Credit Suisse AG and Amundi (a joint venture between Credit Agricole and SocGen).  Together, they have subscribed to 137.6 million units.  ...

Superior quality makes Ascott a favourite
Discovered on 26 Sep 2012 at 11:00 am
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First REIT - Healthcare REIT to Buy 2 New Properties
Discovered on 25 Sep 2012 at 10:08 am
Long have I held First REIT.  Bought and sold First REIT multiple times making a good profit.  Have also received multiple dividends from it.  While First REIT has usually traded around $0.78cents (at least base on my memory), it has now surged past $1.00 perhaps on news that they are about to acquire two new properties.First REIT has basically entered into a conditional sale and purchase agreements for the proposed acquisition of two new properties in Indonesia - comprising an integrated hos...

Steady progress for Palm Oil industry
Discovered on 23 Sep 2012 at 11:00 am
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CPPUs conversion a positive step for FCOT
Discovered on 20 Sep 2012 at 11:00 am
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How many hours did you spend in your car?
Discovered on 20 Sep 2012 at 7:01 am
My colleague was lamenting that cars used to be cheap to own and he regretted not buying earlier. I need to correct him, car ownership is never cheap in Singapore, especially if you use my calculation matrix. Ever since I started using a GPS to navigate directions, I noticed that I drive an average of 1km/min. If the journey is 15km, I usually take 15 minutes to reach the destination. Hence my average travelling speed works out to be 60km/h. This is largely consistent with the average speed o...

3 months from June low... Markets are up again!
Discovered on 18 Sep 2012 at 10:08 pm
In early June there was an opportunity to invest into the markets as markets looked bleak with eminent downside risks. This was an exact replication in April 2012 when markets have moved up swifty, with STI surpassing the 3,000 mark in April, before correcting to 2700 levels in June. Fast forward 3 months later, markets are again in euphoria and STI has rallied 12% (before dividends). If you look at fundsupermart GM’s portfolio, it has rallied about 10%( with dividends likely to be reinveste...

Analysts are positive on Ascott REIT
Discovered on 17 Sep 2012 at 11:55 am
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CDL has the potential to grab growing tourism industry
Discovered on 13 Sep 2012 at 8:00 pm
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M&L Hospitality Trust
Discovered on 11 Sep 2012 at 7:30 pm
M&L Hospitality Trust is a real estate investment trust that was originally intended to list on SGX in 2012 but deferred its IPO listing as investor demand was less than expected.  Given the recent listing of Far East Hospitality Trust and Acscendas Hospitality Trust, will M&L Hospitality Trust list in the recent future? Only time will tell.  In the mean time, let's look at some background material on this trust.It was founded by the Kum family which is one of the wealthiest family in Singapo...

Because you're worth it
Discovered on 8 Sep 2012 at 9:42 am
L'Oreal is the largest beauty company in the world, selling a variety of different brands.Also owns a minority stake in Sanofi-Aventis - this is ignored here, all earnings are operational earnings.  Sales and ProfitabilityBy sales, the company is the largest in the world, closely followed by the beauty divisions of P&G and Unilever.  The other players, such as Ester Lauder, Avon have less than half their revenue.Notes on the categories:For P&G we are looking at 'Beauty' category: this excl...

Higher yields make Ascendas attractive bet
Discovered on 8 Sep 2012 at 6:58 am
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Hospitality Brand name Hotel properties Limited
Discovered on 2 Sep 2012 at 9:18 am
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Demystifying Capitaland Group
Discovered on 29 Aug 2012 at 1:34 am
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Massive constructions of Starhill Global REIT
Discovered on 21 Aug 2012 at 12:05 am
Starhill Global REIT is a real estate investment trust. This trust provides support in the real estate finances which are generally for office spaces and retail purposes.  It is spread across both Singapore and overseas. The Company got listed on the main board of the Singapore Exchange Securities Trading Limited in the month of September, 2005. Since, then the company huge and have improved its portfolio. It has two landmark properties in Singapore and the rest are in Malaysia, China, Austra...

Future is bright for Banyan Tree Holdings Limited
Discovered on 17 Aug 2012 at 1:06 am
Banyan Tree Holdings Limited is an investment holding company. It works in developing and managing hotels and spas in Singapore and abroad. It was started in 1994 and now caters in several segments such as hotel investment, hotel management, gallery operations, spa operations, design fees, property sales, golf course operations, resorts, design management and many others related in hospitality business. It is spread in more than five countries including China, Thailand, Indonesia, Seychelles ...

The Beauty Industry
Discovered on 12 Aug 2012 at 1:32 am
Want to look at beauty products because they are based on branding.  Unlike other supermarket products, such as tissues, cleaning detergent, or breakfast cereal - I've never seen a woman buy a generically branded beauty product.A quick look at the market, to get a feel for the products sold and the industry.Breakdown by CategoryAn estimated breakdown of the total beauty product market, from L'oreal's 2011 Annual Report: Some of these products, like toiletries, deodorants, nail polish, hai...

Leading manufacturer of Bakery Items
Discovered on 11 Aug 2012 at 11:04 pm
Introduction: BreadTalk group is one of the largest bakeries in Singapore established in 2000. It has expanded hugely in the past and now caters in three categories which are bakery, restaurant and food court. It deals with the supply and manufacturing of bakery food, confectionery and drinks. By the end of December 2011 Company had started 76 new outlets and this made the total number of outlets owned by the company in 471. Out of the 76 new outlets started with the company 24 are owned and ...

Enormous growth for Sheng Shiong Group
Discovered on 8 Aug 2012 at 11:13 pm
Introduction: Sheng Shiong Group is one of the largest supermarket chains in Singapore. Sheng Shiong is over S$628.4 million in revenue for year 2010 and has reported a net profit of S$7.0 million till the Q2 which ended on June 30. They have stores located in the retail locations of Singapore and are designed to provide wide shopping options to their customers. To support their retail operations they have in-house systems such as warehouse facilities, food processing and distribution network...

Starhill Global REIT
Discovered on 3 Aug 2012 at 11:14 am
One of the major real estate investment trusts based in Singapore is known as Starhill Global REIT. It got listed on Singapore exchange securities trading limited in September 2005. Trust is mainly investing in real estate which is being used for office and retail purposes.  At the time of listing, it had only two huge properties in Singapore. Although it is a Singapore based trust, its investment is not confined to Singapore as it has started acquiring properties in other countries as well. ...

Sheng Shiong Store Locations
Discovered on 29 Jul 2012 at 9:00 pm
How many stores does Sheng Shiong have in Singapore.  Well, take a look at this list:Location(Address)/ Lease Expiry / Area in sq ftBlk 52 Chin Swee Rd #01-25 Singapore 160052  31-Jul-12 4,477Blk 301 Punggol Central #01-01 Singapore 820301 30-Sep-12 6,878Blk 6A Woodlands Centre Rd #01-280 Singapore 731006 31-Oct-12 41,441Blk 845 Yishun St 81 #01-186 Singapore 760845  31-Oct-12 8,977Blk 258 Pasir Ris St 21 #01-333 Loyang Point Complex Singapore 510258 15-Nov-12 5,952Blk 122 Ang Mo Kio Ave 3 #0...

The Swatch Group
Discovered on 13 Jul 2012 at 4:27 am
Largest watchmaker in the world.  Provides a 'ladder of brands', from low end to high end:Swatch and Flick Flak: $30 to $100+ Hamilton and Tissot: Around $300 to $1500Longines: 1.5 to 3.5K per steel watchOmega: 3K to 8K: per steel watchBreguet, Blancpain, Glashuette Original: starting at 15KCompetes with Citizen/Seiko/Casio and many others at the low end, Rolex and Richemont in the luxury range, Richemont, LVMH and Independents in high end luxury. Segment breakdownHow much of their sal...

Richemont
Discovered on 12 Jul 2012 at 8:09 pm
Second or third largest luxury goods company in the world, after LVMH and PPR.  Sell mostly watches and jewelery.  Owns Cartier, Van Cleef and Arpels, IWC, Panerai, Jaeger-LeCoultre, A Lange & Sohne, Montblanc, Shanghai Tang and others.Its a holding company for the South African Rupert family's Luxury goods companies.  The CEO, Johann Rupert, owns 10% of the stock but has majority voting rights. Some Brand HistorySome scattered bits and pieces about their brands....to get a fee...

The Luxury Watch Industry
Discovered on 21 Jun 2012 at 8:20 am
Market SizeAs most luxury watches are Swiss made, we take the Swiss watch sales published by FH.  These are export prices; multiply by 2.5 to 3 to get the retail values. The numbers are not broken down into segments: the total covers everything from a million dollar handcrafted luxury piece to a $35 dinosaur watch.The hard luxury industry is highly cyclical - we have a 22% decline in 09:2011 export sales were 19.3b Swiss francs, or 16b euros.  Multiplying by 3 for retail price, gives 48b to...

Luxury Watches for Beginners
Discovered on 15 Jun 2012 at 8:41 am
The watch industry is confusing to newcomers.  So many big words, countless brands to choose from...and why do some pieces sell for 2K and others sell for 20K?  When you buy a watch, what do you look for? And what are you paying for?  Also useful for when I look at listed watch companies later.   Price SegmentsSee this link for the different price segments.Scarcity is the main thing determining which segment a brand is in.  For example, the high end luxury brand "A Lang...

What is missing in your financial plan?
Discovered on 12 Jun 2012 at 8:00 am
A financial plan is an on-going process of fact finding, analyzing your current budget and financial goals to accomplish the final financial goal or a set of circumstances, e.g. elimination of debt, retirement preparedness, etc. If you have a sound financial plan, you could probably ignore the rest but please send me a bouquet if you find something that is 'of thought' in my post. Thanks in

Dips vs Bear Markets
Discovered on 8 Jun 2012 at 10:00 am
From "Is the Bear Around the Corner?" by Jon D. Markam.How often does a 10% midyear "correction" go lower to become a 20%+ bear market, and what happens if it does?From 1928 there were 24 10% drops - a bear market occurred only 1/3rd of the time (7 times), but for those, the S&P lost an average of an additional 38% For those bear markets, after the initial 10% loss, the maximum rebound averaged +8.3% (before going south again). His summary: ...

Why financial markets are not going your trend?
Discovered on 8 Jun 2012 at 12:32 am
Financial markets are not predictable. Financial markets are not logical most of the times.Most would wonder why Asian equity markets plunge while US Dow rallied for a third day or US markets ended mixed. While ·         China’s ‘good news’ rate cut spooks market from MarketWatch ·         Bernanke Sees Easing Options While Not Specifying Them from Bloomberg ·         Spanish Banks Need $50

Buy equities now and maybe after June 17 2012
Discovered on 5 Jun 2012 at 8:59 am
Usually when the fundsupermart General Manager’s personal portfolio is in the red, it gives a clear indication of a buy for equities. Down slightly as at 5th June 2012There are likely 3 scenarios after June 17.Greece pro austerity measures government wins election. Stock markets will rally.Greece’s anti bailout government wins and Greece exit EURO. Short term pain, but European central bank will pump in money to stabilize economy. Buying opportunity for rebound.Greece leaves Eurozone, central...

China Making Contingency Plans for a Greek Exit
Discovered on 4 Jun 2012 at 7:24 am
The above post was just released from CNBC. It discusses a call for contingency plans from the China authorities for a possible Greek exit. As you probably know, news providers are eager to broadcast the latest news. There are times when they do not verify the source of information. Do you recall the Spain-IMF rescue which was later denied? Whichever, we too, have a contingency plan.If the above

Think deep and hard before you invest
Discovered on 4 Jun 2012 at 3:22 am
Think deep and hard before you invest / advise / share.The markets had been tough since 2010. Most (if not all) investors are losing their capital. Even if you are a ‘pro’, your experience would have assisted you to cushion the fall in value. I am suggesting that you leave your investment to the ‘experienced’ professionals. Let me try to explain. Are you able to replace the professional

Short Notes on Air Asia
Discovered on 2 Jun 2012 at 9:20 pm
BT, May 17th 2012, S JayasankaranQuick points:At a time when full service carriers, incl. SIA, have begun registering losses, AA 'defied' industry trends to register 12% yoy in raw passenger traffic to 4.8m for Malaysia operations.Revenue-Passenger-kilometer (RPK) grew 9%, partially from shorter average stage length.  Maintained 80% load factor. Foreigners hold 51% of the stock - most foreign held company on KLSE.Impending listing (May...what happened?) of AA's 49%-owned Thai unit should cut ...

2012 Q1 was a bull trap
Discovered on 31 May 2012 at 11:04 pm
The Year 2011 was indeed a difficult year for the financial markets. We had the earthquake, tsunami, US credit rating and Europe issues, etc. To cushion the fall in 2011 Q3, major economies intervened. The effects started to materialise in late 2011 Q4 as it takes time. Most of 2012 Q1 rally was spanned by the massive pumping of liquidity from major economies not forgetting from Japan and TWO (2)

2014 FIFA World Cup
Discovered on 31 May 2012 at 6:07 am
Since the last World Cup in 2010, it is widely rumored that Greece would emerge as champions in the 2014 FIFA World Cup. There’s somehow a twist to the World Cup. Instead of playing with a soccer ball, the players are kicking the can! Greece is widely rumored to reach the finals. In the Year 2010, they scored a goal allowing them to qualify the qualifying rounds. A goal is their first bailout

Declines in Asian Bank, Property Stocks Yield Rich Dividends
Discovered on 30 May 2012 at 2:06 am
The above headline is extracted from CNBC. Pause. (While you are reading the headline thru the hyperlink generated). Hyperlink - fixed; There were amendments to the original title and hence the link!What comes into your mind? Think out of the BOX? There are several (many, in fact) that crosses my mind. I like to post, just two points that cross my mind.First of all, many would agree that the

Sun Tzu Art of War
Discovered on 30 May 2012 at 12:09 am
Most of us have heard of SUN Tzu. There was a ‘rumour’ Sun Tzu wrote a script on the Art of War. After his era, kings, prince, emperors, etc were searching for the script. Eventually the script was found. One of Sun Tzu’s knowledge was related to understanding the weather. You may have heard how he used the weather to his advantage to win his battles (544 BC - 496 BC) during the Warring States

Greece needs more than an AMD
Discovered on 29 May 2012 at 4:44 am
AMD is a medical term for Advance Medical Directive. As the name implies it is an advance of a medical directive in the event the individual is depended on a life support system. I hope most of you had been informed by your financial planner that there exists an AMD in Singapore.  Currently, there is no cost to planning an AMD. The cost of not knowing/planning/executing an AMD is the financial

Two bold predictions for Singapore
Discovered on 29 May 2012 at 1:02 am
If you have been following my posts – risk management, the following will impact most of us 1.    There will be a major change in the insurance industry as Singaporeans are getting more insurance savvy and demand for better and suitable products 2.    In housing loans, while most of you have been debating and timing between fix, floating or hybrid interest rates, did most of you measure the

Boom Gloom and Doom
Discovered on 29 May 2012 at 12:29 am
When all seems Boom Gloom and Doom in the month of May, the reverse happens. My posts had been helping you, ‘the audience’ to avoid bear markets as far back as May 2011 and market rally as far back Nov 2011. In my previous posts on market trends Tug of war - Bull vs. Bear Ends. Financial market plunges. What's next The following abstract... “However, having provided all the bad news.... here

Are your existing insurance plan suitable?
Discovered on 23 May 2012 at 3:08 am
Thank you, audience for a well received posting on ·         In search of higher income and better standard of living. What's missing? ·         Tug of war - Bull vs. Bear Ends. Financial market plunges. What's next? I had lots of emails and queries regarding suitability. We have talks/seminar on investment suitability, Client Knowledge Assessment, Product Suitability, etc but what is insurance

In search of higher income and better standard of living. What's missing?
Discovered on 21 May 2012 at 6:07 am
In my 16 years of practical experience being in the financial industry, I’ve assisted a handful in claims – death and diagnosis of major illness. Fortunately, all claims were processed and approved. Their loved ones and dependants are ‘well’ taken care off. I am writing to you as I am very concern for most of you – in the area of personal financial risk management. My primary objective as a

Tug of war - Bull vs. Bear Ends. Financial market plunges. What's next
Discovered on 21 May 2012 at 1:31 am
The above article commenced mid February with Part 2 in March and Part 3 in April. My benchmark for the tug of war list of events is the DJI ranging from 12800 to 13000. I had picked the above title, then, is because my speculation was that market would trend sideways until the next key events. The DJI did not reach 13800 which is my technical resistance. The technical support was 12,400 which


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