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:

August 2016
Discovered on 26 Aug 2016 at 4:59 am
Results Anoouncement 3 Aug 16 : StarHub (Q216) – EPS 6.3ct vs 5.7ct (Q215) ; 11.6ct (1H16) vs 10ct (1H15) ; FCF 7.9ct vs 6ct (Q215) ; Div 5ct (same) 4 Aug 16 : SingPost (Q117) – EPS 1.49ct vs … Continue reading →

2016 High Dividend List - Singapore, US, Australia
Discovered on 16 Aug 2016 at 4:58 am
It's out!The second section of this year's list threw out a few interesting names in the tech, finance and other sectors and there's an interesting discussion point that would serve to transform fundamentally the way some of us might want to invest! Yes, it's a big deal. First, here's the list:2016 Dividend List - Part 2Again, since the list gone global, Singapore names were relegated. To just one in this second portion - SATS. This name had appeared multiple times over the years, it continue...

HLFin : Q216 Results
Discovered on 12 Aug 2016 at 10:58 am
Q216 Results

STEng : Q216 Results
Discovered on 12 Aug 2016 at 10:49 am
Q216 Results

ComfortDelgro : Q216 Results
Discovered on 12 Aug 2016 at 4:10 am
Press Release Presentations Financials  

SBSTransit : Q216 Results
Discovered on 11 Aug 2016 at 6:25 am
Q216 Results

SingTel : Q117 Results
Discovered on 10 Aug 2016 at 8:57 pm
Press Release Presentations Financials  

SMRT : Q117 Results
Discovered on 8 Aug 2016 at 10:07 am
Press Release Presentations Financials  

DBS : Q216 Results
Discovered on 7 Aug 2016 at 7:05 pm
Press Release Presentations Financials  

SingPost : Q117 Results
Discovered on 4 Aug 2016 at 6:18 am
Press Release Presentations Financials  

2016 High Dividend List - Singapore, Europe, US
Discovered on 4 Aug 2016 at 4:12 am
The annual dividend list is out! As per last year, restricting the list to just Singapore can only yield a handful of names, hence it's more worthwhile to see things from a global perspective. The criteria for the screen had not been change for years except minor tweaks. Here's the first 20 names:2016 Dividend List - Part 1There are two Singapore names in the list: Yangzijiang and UMS. Yangzijiang is a shipbuilder which unfortunately is stuck in a bad part of the shipping industry which would...

StarHub : Q216 Results
Discovered on 3 Aug 2016 at 7:26 am
Press Release Presentations Financials  

Great Scot! Brexit?
Discovered on 12 Jul 2016 at 6:00 am
It's been three weeks into Brexit and the financial world now think that maybe it was never an issue at all? US S&P is back near all time high, the FTSE 100 bounced back with a vengeance and hit its high for 2016. Even the STI is now close to 3,000. Brexit? Nah. Let's Move On! That's market short-termism for you.For most people, it was actually more disappointing that in the same week, England was knocked out of the Euro Finals. By Iceland. Ouch! People asked, "What happened?" This was the Gr...

Teach Less Learn More - Lessons Learnt Part 3
Discovered on 7 Jun 2016 at 10:41 am
This is the last instalment about Singapore's Teach Less Learn More Education Philosophy, its trials and tribulations and the improvements needed. Links to the earlier parts below:Part 1Part 2We discussed how Singapore's education system should nurture the love for learning and also focus on collaboration not competition. Google and the great companies of the world collaborate to bring about better results. It's not voting out your mates in some reality TV in order to win a million dollars. T...

Teach Less Learn More - Lessons Learnt Part 2
Discovered on 23 May 2016 at 4:42 am
This is a follow-up post on Teach Less Learn More - Part 1.Teach Less Learn More (TLLM) was touted as the frontier philosophy in Singapore's education system to make learning holistic, bringing learning from inside the classroom to hands-on experiences, learning by discovery and less rote memorizing. Unfortunately, the implementation left much to be desired. Today, after years of TLLM, we are still stuck in an epic education war, akin to the popular Animal Kaiser game, where no animals nor th...

Teach Less Learn More - Lessons Learnt Part 1
Discovered on 1 May 2016 at 9:35 am
Despite this being an investment blog, education posts written in 2011 and there after had delivered one of the highest pageviews as a result of our obsessively competitive education system and the interest it generated. There had been various changes since then: it was announced that PSLE would move away from the three digit scoring system, schools would be more holistic building on the TLLM (a.k.a teach less learn more philosophy) implemented almost a decade ago amongst other changes. Hence...

Singtel bought out 8% for S$200m
Discovered on 1 Apr 2016 at 1:54 am
Dear readers, it is a pleasure to make a splendid announcement today. Singtel has bought over this site for S$200m and all readers whom liked us on Facebook will get an equal share of the profits i.e. around SGD 500,000 per person. Woohoo!Just kidding. Today is 1st of April after all.Today we would like to share insights into some of the stocks that were discussed previously here. One of which was Colgate, the blockbuster toothpaste maker that dictate how Singaporeans brush our teeth. (Darlie...

Overseas Education Ltd - Part 2
Discovered on 22 Mar 2016 at 11:41 am
This is a continuation from the previous post.A quick recap: Overseas Education (OEL) operates one of the largest international schools in Singapore and was listed on SGX in 2013. The stock has since collapsed below its IPO price due to the three issues discussed previously.1. It move from Orchard to Pasir Ris, a less prestigious location and lost 20% of its enrolment.2. Competition has increased with now over 70 international schools in Singapore.3. The global economic woes hit Singapore har...

Overseas Education Ltd - Part 1
Discovered on 14 Mar 2016 at 8:27 am
Part 2 is out!Overseas Education Ltd (Bloomberg Ticker: OEL SP) is an intriguing small cap stock in Singapore listed in 2013 that almost doubled but then crashed spectacularly in the last 1.5 years. It now trades at 12% free cashflow yield, 11x PE and pays a 4% dividend (likely to be more going forward) and earnings are stable and growing barring Singapore's demise (i.e. our beloved little red dot one day becoming irrelevant).For the uninitiated, OEL operates the largest independent internati...

Negative interest rates, skyrocketing asset prices!
Discovered on 1 Mar 2016 at 7:44 am
This is a continuation of the previous post.Inflation had always been around, so the nominal zero that we saw was never really zero. Inflation of 3% meant that money depreciated value 3% every year, we just didn't see it so we think it's not there. When inflation is 3% and interest rate is 2%, effectively money in the bank is still being burnt. After the Global Financial Crisis (GFC), nominal interest rate became zero, but inflation was around 1% and hence real rate was already negative. But ...

Welcome to the World Of Negative Interest Rates!
Discovered on 11 Feb 2016 at 12:42 am
The world is going to be a very different place. Since time immemorial, interest rate had been positive. This was very logical, at least to humanity. If we lend someone money, we are expected to be paid interest and at the end of the loan, we would get back the principal. No, that doesn't work anymore. The new rule is if we lend someone very, very credible some money, we would pay this person interest for the privilege of lending him money. Sounds great yah for people like us who are very, ve...

Lessons Learnt: Sembmarine and Keppel
Discovered on 28 Jan 2016 at 1:09 am
Our beloved oil rig manufacturers had suffered a catastrophic decline in the last 18 to 24 months. Keppel fell from $10 to $4.8, a 52% drop and Sembcorp Marine collapsed from $4.5 to $1.5. a 66% free fall. Sembmarine's parent Sembcorp Industries didn't do that well either, falling from $5 to $2.2, again a more than 50% decline from its peak. All three stocks now trade below book, with single digit PE, with no recovery in sight. Apologies to anyone who had took advice from previous posts and b...

Happy New Year! Let's talk about REAL Investing!
Discovered on 4 Jan 2016 at 12:08 am
Happy New Year folks, it's 2016. This year is meaningful in a way since this site started out in 2006. So, a decade just whizzed by with some intermittent writing, some charts and lots of thinking and oh yes, thanks for supporting this site for the past 10 years! It's been great so far, and there's another 40 more years to go! We are on track to at least match Berkshire or SG50, and it so happened that Berkshire is actually as old as Singapore and celebrated its 50th anniversary in 2015. So i...

The Force Awakens: Thoughts and Takeaways
Discovered on 21 Dec 2015 at 2:59 am
Star Wars: The Force Awakens opened last weekend and smashed all box office records. This episode, #7 in the franchise, will likely make USD 1-2bn in the cinemas alone. When Disney bought Star Wars for USD 4bn in 2012, everyone thought they were stupid. Why pay so much to George Lucas who did a crap job trying to do the prequels (Episode #1-3)? Also how can a 30 year old dated sci-fi saga be worth so much?Now, Disney is having the last laugh. Episode #7 alone might rack in enough profits to c...

The Thing About Prediction
Discovered on 24 Nov 2015 at 1:56 am
A recent book titled Superforecasters is making waves in the financial circle as expected. The book proposed that it is possible to predict the future, if a good team was in place, with teammates coming from very varied backgrounds and good training. Coincidentally, there had been a few occasions on this website where we discussed prediction and its ultimate futility. Today, we try to marry these concepts, hopefully coming away with a few key ideas for readers to ponder about.I believe the fi...

Pay Up for High ROIC! (Part 2)
Discovered on 23 Oct 2015 at 1:19 am
Do read from the first post.So does it make sense to pay 20x for 20% ROIC? The answer is YES! In fact, as a rule of thumb in Singapore's investment circle, we should pay one multiple point for 1% of ROIC. So if it's 20% ROIC, we can pay up to 20x and still get a good return. If it's 30% ROIC, then it's 30x. Here's the same table from the previous post showing a 15% ROIC business, let's call it Table 2.Table 2So as we can see, at Year 8, even if we value the business at just 10x its earnings p...

Pay Up for High ROIC! (Part 1)
Discovered on 16 Oct 2015 at 7:30 am
Part 2 is out!In financial math, high ROIC or return on invested capital can justify almost any PE to buy. This is what this post strives to illustrate. Do read on, it's really important! Promise you won't waste your time. Invested capital simply accounts for all the capital that businesses need: equity and debt. ROE which stands for return on equity, does not take into account of debt. In the financial world, most people talk about ROE but essentially both ROIC and ROE are about how much we ...

Invert, always invert
Discovered on 25 Sep 2015 at 12:13 pm
This is a quote originally from Carl Jacobi, a German mathematician but has now been attributed to Charlie Munger, Vice-Chairman at Berkshire Hathaway, investing partner alongside Warren Buffett. Munger used this phrase so many times in so many of his books that value investing students would have to come across it sooner or later. Inversion is a technique used widely in math to solve problems by reversing the thinking to come to some kind of solution. In investing, Charlie encourages us to a...

Cooling Off Day Post
Discovered on 10 Sep 2015 at 9:44 am
While the global stock markets rocked in choppy waves of unprecedented volatility in the last two weeks, Singaporean investors were probably busy following the campaigns of the current elections. This round to me seemed less interesting vs the previous cycles where we saw various tumultuous sagas involving CCTVs, sweet young things vs sweet young things, Dr Chee shouting at PM Goh like a gangster, Cheng San GRC (for those of us old enough to remember). This round we pretty much got to get exc...

This is just the beginning...
Discovered on 26 Aug 2015 at 11:46 pm
Market participants rode through one of the scariest financial roller-coasters in the past two weeks. In Singapore some stocks were down 7-8% in a single day, cumulatively losing 15-20% in one week. In the US, things were even more dramatic, some stocks when through 20% intra-day swings. Then today everything bounced, as if nothing happened. It was really quite unsettling. Most of us would be asking, "Why? Why? What happened? What now?". Sadly, at this juncture, there are no good answers. Tha...

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

Singapore REIT – Hospitality Sector Comparison
Discovered on 27 Aug 2016 at 10:56 am
Currently Hospitality Sector looks very attractive in terms of valuation and distribution. Below is the comparison table for Singapore REIT Hospitality Sector. However, most Singapore Hospitality Trusts are still trading on a down trend. Look out for turn around signs and … Continue reading →

Cory Diary : Not My Day , Mr Super !
Discovered on 27 Aug 2016 at 1:55 am
In one of the local Taipei supermarket I just went, Nescafe retail space occupied like 4 rows of products in the coffee section despite repeats of same product sku. Finally spot a single spot of our local brand Owl coffee box. Design looks good Happily bought it home. Not sure is it my eagerness to […]

Dividend Income Updates – Q3 FY2016
Discovered on 27 Aug 2016 at 1:39 am
This is a compilation of my Q3 quarterly update for this year. The previous 2 quarters can be found here and here. The theme for this post will be outsourcing and we will look into how we can do that to our advantage.  There are many companies that are outsourcing their transaction or operational tasks […]

Protecting My Family & Me: How much Insurance Coverage do I need? A FREE Resource
Discovered on 26 Aug 2016 at 10:24 pm
If you are here on this topic it is likely: You are wondering what should be the right standard insurance that we should be buying Trying to validate your current insurance planning that an adviser have helped you with Being in this field, one of the most asked question is how much coverage do I […]

The Search For Dividend Stocks
Discovered on 26 Aug 2016 at 10:04 pm
I have started on my research on past stock data – in order to find the criteria to “sniff” out the Dividend Stocks. I am not talking about REITs or Business Trust or even Blue Chips. I am talking about finding the pennies that can give you hopefully at least 5% of dividend yield every […]

Do you know what is Green Shoe Option?
Discovered on 26 Aug 2016 at 9:35 pm
Recently, Lippo Malls Indonesia Retail Trust (LMIR Trust) announced that they have obtained up to S$350 Million term loan facilities with a Green Shoe option of up to S$70 million. The proceeds will be used to fund acquisitions and refinance existing debt. The term “Green Shoe Option” caught my eye. Initially, I thought it was […]

This Analogy Will Help You Buy The Right Insurance
Discovered on 26 Aug 2016 at 9:00 pm
Imagine this scenario: You’re rummaging through your kitchen drawer, and realise that you’re out of plasters. You know, the sticky thing you put on your knee when you cut yourself against the coffee table (speaking from experience here). So you head to NTUC and look for plasters. Now, if you’re like me, you probably hate running errands – […]

Simple Budgeting With The 50/30/20 Rule
Discovered on 26 Aug 2016 at 9:00 pm
When it comes to budgeting, how much should you allocate to each area? Read More at BigFatPurse

My Mapletree Commercial Trust Preferential Offering Results
Discovered on 26 Aug 2016 at 8:00 pm
As you guys may have known previously that I applied for Mapletree Commercial Trust Preferential Offerings here. On 19 Aug 2016, they released the results of the Preferential Offering here, I was thinking, wow 50% oversubscribed, guess I won’t be getting much. Today I got a mailer from SGX about my application results! That being […]

How To Pay Lesser For Insurance Premiums While Getting Higher Coverage?
Discovered on 26 Aug 2016 at 8:00 pm
Do you know that insurance is a big part of our lives? In one way or another, most likely we would have more than one insurance policy throughout our lives. Some policies were bought with a clear mind while others were not. We would have spent hundreds of dollars per month on insurance without knowing […]

Want to know if you pay too much for insurance?
Discovered on 26 Aug 2016 at 7:52 pm
I said a few times before that we need insurance in life and, for most of us, we also need to invest for a more secure financial future. However, insurance and investment should be kept separate to make the best use of our limited financial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why I Am Only Purchasing Term For Our Insurance Needs
Discovered on 26 Aug 2016 at 7:29 pm
It’s been some time (close to 3 years) since I last reviewed our insurance policies. Truth be told, I was going to review it only when there’s a change to our family nucleus. #keepingfingerscrossed Let’s hope there will be some update on this before the end of 2017. (And yes, I don’t think I am […]

Dow Jones - My Game Plan Next Week
Discovered on 26 Aug 2016 at 7:16 pm
The Dow as predicted had a super volatile night. As predicted on my blog at 9:03pm in the evening, my personal expectation was the Dow was having a down move and it materialized once again. See my prediction below:http://stockmarketmindgames.blogspot.sg/2016/08/dow-jones-volatile-night.htmlEventbrite - Enroll for The Whatsapp Trading WorkshopI was watching the movements yesterday and after saw the spike up, I knew it was going to be a Fake Breakout. While many witnessed the Dow moved almost a 110+ points, they thought that the Dow would continu...

I got addicted to saving…
Discovered on 26 Aug 2016 at 7:00 pm
credits:everydaymoney.ca I realize I’ve developed an addiction to saving money. In my earlier post, I wrote about how I saved S$100,000 cash (+ drive a 2nd hand car by age 27). I felt a sense of satisfaction when my bank account fattens up. I have a strong need for security, and the increasing cash savings […]

Track Record Of Dividends From 2012
Discovered on 26 Aug 2016 at 7:00 pm
LTC Corporation just released it’s FY16Q4 results today, and this concludes the earnings season for my portfolio. I haven’t looked in great detail, but I did notice LTC Corp declared a 1 cent dividend. This is a surprise as they declared dividends at the end of Q3 in previous years, except this time. Anyway, with this […]

Random thoughts: Losing
Discovered on 26 Aug 2016 at 7:00 pm
No one like to lose. Especially investors, we swear never to lose money.   Can U imagine losing every quarter? Losing quarter after quarters for years? We would most probably be bankrupt, right?27 Now, if we are bankrupt, and someone ask u that the way to overturn the table, is to work harder and win […]

Will you Buy these five billion-caps Singapore stocks now at 50% discount?
Discovered on 26 Aug 2016 at 6:32 pm
There are undervalued stocks; defined as those having their price-to-book ratio below one and there are highly undervalued stocks; defined as having a lower price-to-book ratio. For the latter, I would like to ascribe a price-to-book ratio of 0.5 so that theoretically, should an investor buy these stocks; they are paying just a half of […]

Dow Jones - The Volatile Night
Discovered on 26 Aug 2016 at 8:03 am
The Dow is in a tight range and I think tonight will have a volatile move. The unfortunate thing is this time round, I don't know what will the direction be and hence I am careful of my stock purchase during the Asia hours. Studying the Dow chart, it looks weak with a lot of profit taking and 3/4 top. The stock index continue to showed some difficulty to break through new high and hence if I need to give my personal opinion, I am expecting a down move in the Dow.Thank you all who registered f...

Received my Wongamania Banana Economy!
Discovered on 26 Aug 2016 at 4:46 am
Well, as you guys know, I backed a kickstarter previously here. I also got the prior version earlier from Capitalgain Studios (Thanks Yvonne!) here. On Monday (wanted to pen the post earlier but night shift =/), I saw the mail lady open up my letterbox and put a parcel in, paired with the knowledge of […]

Cory Diary : Cut Loss , Part Two
Discovered on 26 Aug 2016 at 3:26 am
Has been holding this post in draft bucket for more than 2 weeks. Putting numbers to simulate scenarios on price going down trend. The figures are arbitrary. Is not meant to encourage anyone to cut loss on any particular stock. Is meant to educate myself on risk management.B – Buy , S – Sell Cutting […]

Using Investingnote’s charting platform
Discovered on 26 Aug 2016 at 2:33 am
I wanted to help those who are newer to Investingnote, my preferred charting software, hence I’m writing this post. I think the people over at Investingnote are really doing a fine job with a free charting software. It’s actually quite powerful and I especially like the real time (okay, it lags by at most 2 […]

Tai Sin Electric – Slow and Steady
Discovered on 26 Aug 2016 at 1:27 am
Taisin announced a good set of results yesterday. I found what I had been anticipating – dividend rise. Its about time it did anyway. Indeed, it was raising its dividend from 1.5c to 1.6c. Nav inched up to 36c plus. What’s the big deal about 0.1c dividend raise? No need to make a big fuss […]

Wife wants to sell HDB flat to buy condo (Part 2).
Discovered on 25 Aug 2016 at 9:53 pm
Thanks ak. Sorry, didn’t make myself clear. She’s intending to sell current HDB to buy condo for own staying. So rental probably not a big concern. I’m just trying to consider when is a good time to do such “upgrading”. Sell HDB now will not lose but won’t earn much. But selling HDB during recession […]

Stop Making These 5 Money Mistakes
Discovered on 25 Aug 2016 at 9:00 pm
At what age does one become financially independent? Read More at BigFatPurse

SingMedical - Buy/Sell Q Flipped
Discovered on 25 Aug 2016 at 8:59 pm
SingMedical just experienced a buy/sell Q flipped. If my prediction is correct, I expect it to suffer some mini selling first before trending back up again as posted on my blog yesterday.http://stockmarketmindgames.blogspot.sg/2016/08/singmedical-possibly-fake-breakout.htmlWhat makes today more interesting was earlier on, the flipping of the buy/sell Q suggested that the stock had some sort of interest. However, because the Q is thick and sometimes it can be removed, hence I will watch and ti...

AGV - New IPO Stock
Discovered on 25 Aug 2016 at 8:16 pm
New IPO stock just listed to the exchange, AGV. I don't know what the company's nature of business is but the chart looks like there could be a little more run first before more sellers will set in. Risky in my opinion and hence I will be extra careful if I trade. Watch it.Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

SingMedical - Possibly a Fake Breakout
Discovered on 25 Aug 2016 at 4:31 am
Studying the chart of SingMedical, yesterday the stock could possible experienced a Fake Breakout. In the short term, I expect it to suffer a little more selling before we see a rebound. The stock would not collapse but just selling first before another up move may come. The whole market seemed weak and stocks aren't moving much. There are so many uncertainties right now and I am expecting a big move very soon. However, I am not sure of the direction. It could be up/down and I am not taking m...

Advancer Global - Hot Stock Alert
Discovered on 24 Aug 2016 at 11:00 pm
Advancer Global had been a hot stock since the flush day on Aug 2nd. The stock after experiencing a flush went into some mix mode as no one was sure if the stock could climbed higher. However as the day passed by, more and more evidence of the stock was under some serious accumulation and hence as of now, the stock is in Top Volume with price rising. We had been banking on Advancer Global for since the stock started to fly, click and read more on my Advancer Global posts.http://stockmarketmin...

Wife wants to sell HDB flat to buy a condo.
Discovered on 24 Aug 2016 at 10:42 pm
Hi ak, My wife had been hankering me about buying a condo coz her sisters all have multiple condos. All renting to service loans. I just feel we are late to the properties game and don't want to get caught in a bloodbath. In order not to pay... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

UG HealthCare - Net Profit Increses
Discovered on 24 Aug 2016 at 8:16 pm
UG Healthcare gap up today with a very good news, the stock had it's net profit increases to 72% and currently it's in the Top Volume with price rose. Upon reading this piece of good news, I went on to validate the chart and saw many traits of hidden buying before the gap up today. Well, I missed this totally but there is another counter waiting for the same opportunity to run again. The timing maybe soon. Watching closely..Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

Caveat Emptor for Investors: Signs of Increasing Stress Emerge
Discovered on 24 Aug 2016 at 9:17 am
By Sani Hamid   The present investing environment is not an easy one to decipher.  On one hand equity markets seem to be finding their footing after a rocky start early this year with markets in the U.S. are hitting … Continue reading →

Outlook & Reasons To Trade Gold
Discovered on 24 Aug 2016 at 6:47 am
He blew $700K in 1.5 years after receiving inheritance.
Discovered on 23 Aug 2016 at 11:40 pm
If someone makes a lot of money (legally and ethically), it is probably also good for the economy and the people around him. Multiplier effect. That's something I remember from Economics. People like that are usually looked upon as rich. Some might... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Procurri - Chart Mastery Learning Session
Discovered on 23 Aug 2016 at 10:00 pm
Procurri, another stock that should strength yesterday and it was this stock I shared quite a lot in my chart mastery program yesterday.http://stockmarketmindgames.blogspot.sg/2016/08/chart-mastery-program-by-ronald-k.htmlFor those who came yesterday, I shared why the stock was bullish on Monday where there was some hidden form of buying. The stock then went under radar and suddenly it pop out of nowhere yesterday in the Top Volume. From there on, it showed real buying and the rest was just h...

Capitaland - A Skill That Matters Most
Discovered on 23 Aug 2016 at 9:36 pm
I am happy again to receive such messages that my students used what I taught in my program to make $$ off from the stocks without much assistance from me. This time round, it's Capitaland. The trade size maybe small but it's the skills that matters. As long as you have the skills an knowledge, making $ should be secondary. Congrats!Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

Yuuzoo - A High of 0.154
Discovered on 23 Aug 2016 at 8:10 pm
Yuuzoo hit a high of 0.154 after my earlier prediction last Friday! The stock looks like there was more buyers today. :) I will be sharing my next counter on my workshop next Tuesday. If you want to find out more and know which stocks, don't forget to register.http://stockmarketmindgames.blogspot.sg/2016/08/yuuzoo-stabilizing-support-0144-0146.htmlhttp://stockmarketmindgames.blogspot.sg/2016/08/yuuzoo-critical-support-region.htmlEventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

Chart Mastery Program by Ronald K - Amazing Turnout, Thank You.
Discovered on 23 Aug 2016 at 7:28 pm
It was a crazy turnout for my chart reading program last evening. In there, I shared how to read the chart effectively and how to look out for fine details of the turning point. Everybody was interested to learn and most took the effort of copying down with a pen and paper. I apologize for the lacked of space and will try to segregate it for the next round. Thank you all!Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

Yuuzoo - Target Price Reached
Discovered on 23 Aug 2016 at 6:56 pm
I was making my prediction for Yuuzoo last Friday to reach a critical region at 0.144-0.146. On Monday, August 22nd, Yuuzoo touched a low of 0.145 and rebounded yesterday to a high of 0.15!!! Click and see my blog post below.http://stockmarketmindgames.blogspot.sg/2016/08/yuuzoo-stabilizing-support-0144-0146.htmlhttp://stockmarketmindgames.blogspot.sg/2016/08/yuuzoo-critical-support-region.htmlI will be making my next prediction soon. Don't miss the $ making opportunity with me!Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Ma...

Katrina - A SOMM Whatsapp
Discovered on 23 Aug 2016 at 4:57 am
Gave a Whgtsapp educational bullish alert to my SOMM Team today. This time round is Katrina. In fact, I was already watching it yesterday but the timing was not ready and hence I decided to watch closely further for the right timing. Finally, this morning at 9:12am I saw the Q flipped and hence a Whatsapp alert was sent out.Katrina end of day closed higher where the buyers were strong, not as strong as Wong Fong but still it closed on a day high with a strong note. Studying the minute chart, ...

Wong Fong Ind - Best Whatsapp For The Day
Discovered on 23 Aug 2016 at 4:35 am
Just received a Whatsapp from a participant. This is the best Whatsapp for the day. I am so happy that my stock selection is able to benefit others. To see others make $$ is a whole new level for me because I know my teachings work. From scanning the right counters to picking the golden counter, it;s all less than 2 second job. Continue your good work.Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

How much material wealth is enough?
Discovered on 22 Aug 2016 at 11:08 pm
Hi Unknown, This is something I have thought about before. I am not sure but I don't think I will feel sad or jealous if I were to attend gatherings where friends show off how well they are doing materially. They made their choices in life and I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Comfort Delgro - Short and Booked $$
Discovered on 22 Aug 2016 at 9:12 pm
Great short on Comfort Delgro and locked in $6000 of profits. The most important thing is getting the direction right and nothing beats the thrill of getting the right direction and then making $ out of it. Most people try to save commission and price but if you can make $, then that's not so important. Comfort Delgro was just weak with selling and it's reaching near the demand zone and hence profits must be booked.Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

Wong Fong Ind - Profits Secured
Discovered on 22 Aug 2016 at 8:55 pm
Looking at the Wong Fong now, the stock seemed like coming down and hence we looked to lock in $. The stock gap up and ran to further heights where there was some supply for profit taking. Decided it's the time to book $ based on the right timing and hence the trade was done. I will be doing a chart mastery program and I am expecting a lot of people because everyone wants to know how I read charts so please be attentive for the event and jot down notes. Pictures will be up soon.Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Ma...

Wong Fong Ind - Market Depth Reading
Discovered on 22 Aug 2016 at 8:21 pm
Wong Fond Ind went to a high of 0.35!! See the market depth! I can't believe what I saw on my eyes. The stock was strong earlier where more buyers came in. As of now, I wouldn't want to touch this counter for the moment. There are other better stocks!http://stockmarketmindgames.blogspot.sg/2016/08/wong-fong-ind-somm-whatsapp-up-19407.htmlEventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opportunist

DBS - Sought After Stock?
Discovered on 22 Aug 2016 at 7:49 pm
DBS used to be a once sought after stock. Studying back at history from the chart, the stock soared each time after a major crisis happened. However this time round, there wasn't any crisis but the stock is tanking down. Could it be due to the swiber case which caused DBS to suffer selling? The Dow Jones is trending higher and had already break through new high after the 2008 financial crisis while the STI is still under performing.In the short term by studying the chart, I see that the upsid...

Non-Landed Residential Resale Property Transactions for the Week of August 8 – August 12
Discovered on 22 Aug 2016 at 10:32 am
Singapore Property News This Week #274
Discovered on 22 Aug 2016 at 10:20 am
Residential More BTO flats launched Property consultants are expecting keen interest for 4,841 build-to-order (BTO) flats the Housing & Development Board (HDB) launched for sale on Wednesday. Three are located in the non-mature towns of Hougang, Sembawang and Yishun, and two in the mature town of Tampines. (Source: Business Times) Keen bids expected for Fernvale […]

A $10,000 Fine and A 6-month Jail Term for Not Showing a Card. Seriously?
Discovered on 22 Aug 2016 at 10:18 am
By Person of Interest (guest contributor) On September 22 last year, a Norwegian man allegedly hurt a taxi driver by wrapping his arm around the latter’s neck, and later after serving slightly more than half of his 10-week jail term, was on February 16 fined $2,000 after a retrial. In comparison, a real estate agent […]

Singapore Property Weekly Issue 274 now out
Discovered on 22 Aug 2016 at 10:11 am
In this week’s issue: A $10,000 Fine and A 6-month Jail Term for Not Showing a Card. Seriously? Singapore Property News This Week Resale Property Transactions (August 8 – August 12) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 274

Wong Fong Ind - SOMM Whatsapp, Up $19,407
Discovered on 22 Aug 2016 at 6:51 am
In fact, last Wednesday Aug 17th, I also gave a SOMM Whatsapp to all members to take note of Wong Fong Ind. The stock was in the good hands of the smart money where the support was strong and the buyers were unwilling to let go of their holdings and willing to buy up at higher price. Upon seeing this in the minute chart, I was very excited and hence I longed 610 lots. Today I am up $19,407 with good profits. Our first round was as below:http://stockmarketmindgames.blogspot.sg/2016/08/wong-fon...

Just be a better saver and forget investing for some.
Discovered on 22 Aug 2016 at 4:38 am
Reader: I am currently 28 years old earning annual income of around 240K. Not sure whether doing SA contribution of 7K per annum and SRS 15.3K per annum is a wise move for my current age? Main purpose is to get income tax relief as much as possible... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Wong Fong - A Whatsapp Call
Discovered on 22 Aug 2016 at 4:03 am
On Aug 1st, I gave a bullish call on Wong Fond Ind at the 0.27-028 price range. Today Wong Fong continue to breakout higher and higher, reaching a high of 0.34 with a 11.7% gain! While I am busy working on the scanning of my next few stocks, at the same time, I am happy for all members who went long on Wong Fong Ind based on the Whatsapp call and made $$. From the Breakout on the trading range to the further breakout today, it was all a good swing trade. Congrats all. :)Click and register bel...

Jumbo - Feasting a Fast Crab
Discovered on 22 Aug 2016 at 2:00 am
Jumbo was weak and hence a short was taken on it. Studying the chart, there was some profit taking and there was some distribution. The signs were not very clear but it was obvious to see in the 5 minute chart. I was watching it in the morning and saw some signs of minor turning where the stock showed a very small demand also in the min chart. I will share more inmy workshop next Tuesday. Interested parties who are interested in my Whatsapp Trading and would love to find out more, click and r...

Cityneon - No Sellers
Discovered on 21 Aug 2016 at 11:09 pm
I am looking at Cityneon now, the stock has no sellers and it's in the top volume at the moment. However, the one problem with this counter is that it's at it's all time high and hence I decided not to trade on it. Tomorrow will be a better day as the market went into some stagnant mode at the moment. I believe I had already found another stock for Whatsapp tomorrow. I had received a lot of emails recently on wanting to join my Whatsapp join and hence I will be conducting a Whatsapp trading n...

Ezra - A Base Formed
Discovered on 21 Aug 2016 at 10:14 pm
Ezra forming a base now, and it's there everyday in the top volume. Looking at the market depth, it has signs of some turning but not quite there because I can't figure out anything at the moment. However I do know that a base is formed and it's not the time to short this counter. See the market depth, the buy/sell Q is very thick with thousands of lots stacked up, this implies that the stock has a lot of resistance up there and it's hard to move. The only time this counter is going to move i...

Singapore Straits Times Index - Today's Outlook
Discovered on 21 Aug 2016 at 7:04 pm
Today's market is tough. As I continue to see a mix market and the market continuously go into a range mode, I don't expect a lot of activity during this period of time. Today the market will open red first and then there might be some recovery. Overall, it's a tough day to trade. I was doing a private event yesterday and in fact I had already shared my outlook there. Today will be another good for good opportunities for scouting stocks.Eventbrite - Enroll for The Whatsapp Trading WorkshopRonald K - Market Psychologist - A Stock Market Opport...

Invested in a cash rich company with no future?
Discovered on 20 Aug 2016 at 10:30 pm
Hi AK, I attended an AGM recently. It was a China company. Basically, no one from the management attend. No Chairman, no CEO, no executive director. The only person there to conduct the meeting is a newly appointed independent director... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singtel - Whatsapp to Cover Shorts
Discovered on 20 Aug 2016 at 6:27 am
Gave a bearish Whatsapp call on Singtel on August 16th and shortly after, the stock suffered selling. The price we shorted was 4.31 right at the peak of Aug 16th and yesterday, the stock collapsed to a low of 4.16/4.17 and that's why I gave another Whatsapp call to cover our shorts on the swing trade. Click and see my Aug 16th Whatsapp call below.http://stockmarketmindgames.blogspot.sg/2016/08/singtel-some-sellers-spotted.htmlFrom 4.31 to 4.17, it's a good 16 cents in 1 week which is a good s...

Why worry about hitting the CPF MS (FRS) too soon?
Discovered on 20 Aug 2016 at 12:05 am
Hi AK, I've been following your blog for years and thanks for all the tips you've shared.  I transferred a considerable sum of monies from OA to SA when I was 34 as I was inspired by your strategy of doing so. I've been trying to build up my RS... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Following AK, Pokemon Go, Saizen REIT DPU 9.87c etc.
Discovered on 18 Aug 2016 at 10:47 pm
I decided quite a while back that I should restrict the amount of time I spend on blogging and its related activities. So, nothing more than 2 hours a day. I think that is a fairly generous amount of time to spend daily on a hobby. I know people... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Workshop: Investing Strategies for High Dividend Blue Chip Stocks
Discovered on 18 Aug 2016 at 8:33 pm
Would you like to learn dividend investing from a self-made multi-millionaire value investor? I managed to invite one to share with my blog readers at no charge 🙂 For details and registration, please click here asap as seats are limited. P.S. I’ll … Continue reading →

Why do rich people have more money?
Discovered on 17 Aug 2016 at 2:44 am
I hardly keep in touch with friends from my school days. Actually, I hardly keep in touch with anyone apart from family and a handful of closer friends.  I grow more reclusive as I age and, honestly, I rather like it this way. So, when I received... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

15% to 20% yield per year but only for some.
Discovered on 16 Aug 2016 at 7:38 am
Hi AK, Been a regular reader of your blog. Simply inspiring to me. I merely have one question to seek your advice. I have approximately $30,000 of current liabilities (namely credit lines and long term debts) or what some would call unhealthy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Non-Landed Residential Resale Property Transactions for the Week of August 1 – August 5
Discovered on 15 Aug 2016 at 10:30 am
Singapore Property News This Week #273
Discovered on 15 Aug 2016 at 10:26 am
Residential Rent for non-landed private homes continues to fall Rent for non-landed private homes in Singapore continued to slip in July, especially in the suburban region, based on estimates by SRX Property. It is predicted that leasing volume will fall further, as rents fall even more. Experts have also noted that landlords have become flexible […]

3 Reasons Why We Shouldn’t Leave Properties for Our Children
Discovered on 15 Aug 2016 at 10:23 am
By Property Soul (guest contributor) Times flies. My younger girl just turned five today. I still remember my old blog post “A letter to my new born baby” – I feel like I just wrote that yesterday. Five years on, when her little hand reaches for mine; when she holds me tight and plants a […]

Singapore Property Weekly Issue 273 now out
Discovered on 15 Aug 2016 at 10:21 am
In this week’s issue: 3 Reasons Why We Shouldn’t Leave Properties for Our Children Singapore Property News This Week Resale Property Transactions (August 1 – August 5) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 273 by Propwise.sg on Scribd

Second "Evening with AK and friends" in 2016.
Discovered on 15 Aug 2016 at 8:40 am
Tickets for the first session of "Evening with AK and friends" in 2016 sold out in less than 2 days although my friends from The Fifth Person increased the number of seats available as I meant it to be the only session this year. (Told you AK is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

$1m in CPF by age 65? What about $1.2m?
Discovered on 14 Aug 2016 at 11:08 am
An article in the newspapers on one person's goal to have $1m in his CPF account by age 65 generated quite a bit of interest.  I commented on my FB wall that not everyone has the financial ability to do what the person does but it shouldn't stop us... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Stock Market Indices PE Ratio At a Glance (14 August 2016)
Discovered on 14 Aug 2016 at 12:42 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, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Best Performer: Germany DAX up … Continue reading →

Retiree regrets selling his flat to help son buy a condo.
Discovered on 12 Aug 2016 at 4:01 am
Dear AK, By chance, I got to know some people who are investors and they told me about you. I enjoy reading your blog but I decided to write to you when I read the blog post, How to have children and a comfortable retirement? I am a 65 year old... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Matthew answers questions on STI ETF (Part 2).
Discovered on 11 Aug 2016 at 8:26 pm
Thank You and Matthew Seah for the help! Appreciate it  I still have a few more questions to ask regarding STI ETFs which would require Matthew's or your help.   SPDR STI:  1) Matthew mentioned that "It is wrong to say that they paid $12M when... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

An In-depth Overview of Singapore’s Market for Foreign Investors
Discovered on 11 Aug 2016 at 7:56 am
Author: Luis Aureliano In 2015, it was reported that Singapore investors spent a record $26.3B on buying overseas properties – an indication that Singapore has a wide pool of investment-conscious individuals with deep pockets. However, the number for Singaporean dollars … Continue reading →

Position sizing and emotional well being.
Discovered on 11 Aug 2016 at 4:19 am
AK  Marco Polo ... hit new Low. Sighz. I have too much oil and gas in my portfolio.  AK said:"If it is causing you distress, you are probably overexposed..." hi AK, i didn know marco polo has so high debt . do u think marco polo will go... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Should I buy a higher price or lower price stock?
Discovered on 10 Aug 2016 at 10:48 pm
Thanks, AK. I was considering between singtel and singpost but decided to go for singpost cause I can buy more lots.   Singtel price is 3x of singpost. I was comparing buying 10 lots each. Hence singpost appeals to me more.   Any... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Scolded by wife for thinking about financial freedom.
Discovered on 10 Aug 2016 at 12:05 am
Hi AK, I am 31 this year. Been working for 7 years and married for 2. I have been feeling unhappy at work and discovering your blog a few weeks ago gave me hope. I want to get out of the rat race. My wife is a career woman and we usually have very... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Journey as a Full-time Investor - 5 Years On
Discovered on 9 Aug 2016 at 6:23 am
Dear readers,How time flies! It had been 5 years since I left my last full-time employment, surviving only on my investment return and some income from this blog via advertisements. It is certainly tough to be unemployed in an expensive city like Singapore, but I did not regret my decision to be a full-time investor. A decision I still stick by to this date.These 5 years had its difficult days, just like any job. With no CPF contribution, no monthly salary, no medical leave/benefits, no annua...

Market timing versus buying at prices you won't sell at.
Discovered on 8 Aug 2016 at 10:50 pm
Hi AK, I emailed you a few years ago about starting to invest and you advised me to build up on my knowledge and to build a war chest.  Now, I have opened an CDP account and feel that I am ready to start on an investment journey. As the title... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore REIT Stock Shortlisting Bubble Charts August 2016
Discovered on 8 Aug 2016 at 10:51 am
Bubble chart derived from August 8, 2016 Singapore REITs Fundamental Comparison Table. Compare to previous Singapore REIT Bubble Chart; distribution yield for big and mid cap Singapore REIT have decreased due to increase of the share price. Those small cap Singapore REITs with … Continue reading →

Non-Landed Residential Resale Property Transactions for the Week of July 25 – July 29
Discovered on 8 Aug 2016 at 10:00 am
Singapore Property News This Week #272
Discovered on 8 Aug 2016 at 9:53 am
Residential HDB resale prices up 0.7% in July; volume down 13.7% Resale prices of Housing & Development Board (HDB) flats rose 0.7 per cent in July compared to June, but in terms of transactions, resale volume fell 13.7 percent. R’ST Research director Ong Kah Seng opines that HDB resale prices are still on a solid, […]

Buying investment grade gold in Singapore?
Discovered on 8 Aug 2016 at 8:01 am
Reader: Hi AK, would like to check with you on gold products. 1) What are some of the products if we we would like to use CPF to purchase gold? Is it recommended to purchase using CPF? 2) For purchase of physical gold, are there... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore REIT Fundamental Analysis Comparison Table – 8 August 2016
Discovered on 8 Aug 2016 at 3:54 am
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 745.33 to 756.17 (+1.45%) compare to last post on Singapore REIT Fundamental Comparison Table on July 3, 2016. The index broke out from Rectangle consolidation chart pattern and is currently forming a … Continue reading →

CPF OA to SA transfer or MS Top Up to SA?
Discovered on 8 Aug 2016 at 12:51 am
Reader:"I would like to make transfer from OA to SA so I did a check with CPF. Assuming that I reach the full retirement sum at age 55, they mentioned that I cannot withdraw cash top up to SA and its accrued interest but I am allowed to withdraw the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Investing for income to help support a small family.
Discovered on 7 Aug 2016 at 3:03 am
Hi AK, I'm a 34 years old on a stable job earning enough to support a small family. I have a sum of around 50k to 70k set aside purely for investment for passive income. Although the sum is not a lot but I'm looking at buying blue chips (im... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

What BREXIT means for my money?
Discovered on 6 Aug 2016 at 10:23 pm
Many are worried about BREXIT and what it could do to an already anemic global economy. Many are also worried about the high level of liquidity in the system becoming more elevated and how ineffective it is in addressing the global economic... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Fixed rates, SIBOR, FHR18 or HDB housing loans?
Discovered on 5 Aug 2016 at 11:23 pm
Over the last year or so, I received quite a handful of emails and messages from readers on the subject of home loans. I think this blog post is probably overdue. The banks can come up with fancy acronyms or names for their offers but there are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Take the good with the bad investing in Singapore's economy.
Discovered on 4 Aug 2016 at 10:43 pm
Dear AK,  How are you, hope you're in good health. I have 2 questions.   1) what do you think of investing in ETFs, eg. SPDR and the  2) such ETFs' dividend yields compared to buying single stocks. For retail investors who don't really have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

5% Returns From Safest Savings Account
Discovered on 31 Jul 2016 at 11:30 am
5% Returns From Safest Savings Account Yes, that's right. Get 5% return when you put money into this savings account in Singapore. Perfectly legitimate. Extremely safe. Lowest risk of default. How? Read on ... Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond

My Investment Portfolio (July 2016)
Discovered on 31 Jul 2016 at 7:05 am
The Swiber fallout and an underwhelming Japan stimulus were reasons for market weakness towards the end of the month. Otherwise, STI ended the month slightly higher than last month at 2868 points. Stocks in the oil and gas sector were badly sold down as investors begin to assess the damage due to exposure to Swiber. Banks were also under pressure given their lending exposure to the sector.Unfortunately, I have to admit that I have some exposure to Swiber and some stocks in the oil and gas sec...

Portfolio Update 30 July 2016
Discovered on 29 Jul 2016 at 10:05 pm
In most part of the month July, STI was in positive territory compared to last month. It seemed like market has come to term with Brexit, and the US stock price hit record high this month. Then came the shocking news that Swiber is winding up, followed by the disappointing announcement from BOJ. These sent the share prices in Singapore falling in the last few days of the month, and STI was back to negative YTD.Yesterday, STI closed at 2868.69, up 27.76 points, or 0.98% from last month. My por...

Seaspan (NYSE:SSW)
Discovered on 29 Jul 2016 at 8:56 pm
Seaspan is a REIT-like company that leases out container ships.  Its business model is simple: borrow money, use it to buy ships which are leased out, and pay the difference between the lease payments and the operating/finance costs as dividends.  The key story here is that long lease periods on the majority of their fleet should allow them to ride out the next few years downturn.Income Statement and Dividend paymentsA quick look at its 2015 income statement shows what we'd expect - the bigge...

Bought Seaspan (NYSE:SSW)
Discovered on 29 Jul 2016 at 8:55 pm
Bought 1315 shares of Seaspan (NYSE:SSW) at USD 15.20 on 27th July 2016.  Total Cost is USD 19,987.09.This is a cyclical play.  It pays almost a 10% dividend while we wait for the container shipping industry to recover.  I may be 1 or 2 years too early.For Singapore residents, dividends are reduced by 30% due to withholding tax.

The Container Shipping Industry
Discovered on 29 Jul 2016 at 4:49 pm
Although markets in general are high, several industries are in cyclical downturns.  May be worthwhile to look for value in them.  Container shipping is one.Container Shipping CyclesThis industry has many players, and all  are price takers. Its a typical cyclical industry.  A chart of charter rates for container ships:Source: Harper peterson & CoThe above chart is for a combination of vessel types.  Current prices of for individual vessel types are here.The usual cycle is that, when rates are...

EC World REIT IPO Balloting Result
Discovered on 28 Jul 2016 at 9:54 am
EC World REIT IPO Balloting Result   See EC World IPO Prospectus and Product Highlight Sheet here.   Compare to other Singapore REITs here.

POSB 2.08% Savings Promotion 2016
Discovered on 24 Jul 2016 at 11:30 am
POSB 2.08% Savings Promotion 2016 How is it possible to get 2.08% interest return through putting money into a savings account in POSB. There is a way. Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps

USO: Testing Critical Support
Discovered on 24 Jul 2016 at 12:41 am
USO is currently testing a critical Resistance turned Support at about $10.30. This level is also the last defence of 38.2% Fibonacci Retracement Level. Breaking this support indicates the recent uptrend has over. USO is currently trading below 20D, 50D … Continue reading →

iShares Silver ETF (SLV): In Retracement Mode
Discovered on 24 Jul 2016 at 12:06 am
iShares Silver ETF (SLV) has been on very bullish mode for these two months after breaking out from the Inverted Head and Shoulders (trend reversal pattern) and retested the neckline (illustration in green). SLV is expected to retrace into consolidation … Continue reading →

SBI Singapore Kid Savers Account
Discovered on 17 Jul 2016 at 11:30 am
SBI Singapore Kid Savers Account Singapore Savings Account Rates blogspot dot com shares SBI Singapore Kid Savers Account details in 2016 Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016. SBI Singapore Kid Savers Account: Balance Tiers (SGD) | Total

Tax Treatment of Investment Income from Deposits
Discovered on 10 Jul 2016 at 11:30 am
Tax Treatment of Investment Income from Deposits We share information on the tax treatment of investment income from deposits in Singapore today. Basically, the question today is "Do you have to pay tax on investment income from savings deposit, fixed eposits, bond investments, Singapore savings bonds and other similar fixed investments in Singapore? Singapore Savings Account Rates blogspot

Sold Genel Energy
Discovered on 10 Jul 2016 at 9:34 am
Sold on 29th June for SGD 4054.  Total loss was SGD 15,339.Oil was above $50, close to the $50-60 price where shale producers can ramp up production again.  So use this chance to sell the losers.The lesson here is not to buy stocks in a downtrend.  Especially for companies where: 1) you have little visibility into their business, 2) are small caps and 3) may go to zero.  The simplest lessons are the easiest to forget.

胡立陽: 英脫歐黑天鵝成定局 歐盟嚴防骨牌效應
Discovered on 4 Jul 2016 at 5:34 pm
胡立陽 : 英脫歐夢魘成真 恐掀金融風暴序幕
Discovered on 4 Jul 2016 at 5:31 pm
2% Interest From Savings Account
Discovered on 3 Jul 2016 at 11:30 am
2% Interest From Savings Account Which Singapore savings account offers 2% per annum interest on money kept in a savings account in Singapore? Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn

Portfolio Update 30 June 2016
Discovered on 30 Jun 2016 at 4:23 am
The biggest news that affects the global financial market this month is surely the outcome of the British referendum to leave EU. Global equity market lost 2 Trillion USD on last Friday alone. However, after 2 days of sell down, the market began to recover. As at today STI recovered the loss from last Friday. Well, if only we can make sense of the market....I believe that the effect of Brexit is not over, but will unfold slowly in the next few months. Objectively I don't think it will lead to...

My Investment Portfolio (June 2016)
Discovered on 30 Jun 2016 at 3:32 am
Brexit. The only word to describe market activities for this month. The volatile day to day movements presented opportunities for traders and investors alike. Whether its Brexit correction, post-Brexit rally etc, markets had been irrational at times. As long term investors, we should instead focus on the fundamentals of the companies that we are investing in, rather than being affected by short term market noises. Surprisingly, despite a volatile month, STI ended higher than last month at 284...

State Bank of India Singapore Basic Savings Account
Discovered on 26 Jun 2016 at 11:30 am
State Bank of India Singapore Basic Savings Account Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds

HSBC Singapore Fixed Deposit
Discovered on 19 Jun 2016 at 11:30 am
HSBC Singapore Fixed Deposit Singapore Savings Account Rates blogspot dot com presents HSBC Singapore Fixed Deposit details in 2016. HSBC Singapore Fixed Deposit Rates: 3 6 9 12 Mth Mth Mth Mth S$5,000 to S$49,999 = 0.10% 0.15% 0.20% 0.25% 2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income

Trend Following: Part 2
Discovered on 18 Jun 2016 at 9:04 pm
TLDR: I could not find a worthwhile systematic trend following fund to buy into, as I don't live in the US.I don't have enough capital to do-it-myself and diversify among many markets, so I looked to buy into a fund.Past PerformanceWhat type of returns can you get?Use the SG Trend Index (previously the NewEdge Trend Index) to benchmark trend-following funds' performance.  It's a simple index, rebalanced and reconstituted at the start of each year, currently consisting of the ten largest manag...

Top Glove -Tan Sri Lim Wee Chai - PowerTalks June Edition
Discovered on 16 Jun 2016 at 6:13 am
Frasers Logistics and Industrial Trust IPO launched at $0.89
Discovered on 13 Jun 2016 at 10:49 am
Frasers Logistics and Industrial Trust is pricing its IPO at the top of range of S$0.89.Translates to a dividend yield of 6.8% (forecast period of 4 months till 30 September) or 7.3% full year to 30 September 2017.80 million units up for grab for the public.The S$903 million IPO is the largest IPO since 2013's Asian Pay Television Trust.Market cap will be S$1.27 billion.Portfolio to comprise 51 industrial properties in Australia valued at $1.6billion.Public offer closes at noon Thursday. Trad...

1.45% p.a. Fixed Deposit Promotion
Discovered on 12 Jun 2016 at 11:30 am
1.45% p.a. Fixed Deposit Promotion Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore

Noble - Timeline of Recent Events
Discovered on 12 Jun 2016 at 9:16 am
Recent timeline of events for Noble in the past 2 weeks.30 May 2016 - CEO of Noble steps down.2 June 2016 - Founder and Chairman of Noble Group, Richard Elman to step down in next 12 months. Announces US$500 million rights issue (1 for 1).6 June 2016 - OCBC Investment Research ceases coverage of the stock.8 June 2016 - Bloomberg reports based on uncited sources that another executive ( Gareth Griffiths , Global Head Power and Gas trading) leaving the group.

Otto Marine Privatisation Offer at $0.32
Discovered on 10 Jun 2016 at 10:29 am
Otto Marine's share price rose after its controlling shareholder, Mr Yaw Chee Siew, offered to buy out shareholders at 32 cents. This represents quite a huge premium before the trading halt was closed.Otto Marine's share price closed at 31.5 cents today. Lowest trade was at 31 cents.There is still some risk that this might not go through as delisting is still subject to holders of the multi-currency notes agreeing to certain conditions.The voluntary listing values the company at $68 million. ...

Indian Bank Singapore Fixed Deposits
Discovered on 5 Jun 2016 at 11:30 am
Indian Bank Singapore Fixed Deposits Singapore Savings Account Rates blogspot dot com is the online presence where we share Indian Bank Singapore Fixed Deposits in Singapore. Team members at Singapore Savings Account Rates present details of Indian Bank Singapore Fixed Deposits in 2016. 2016 Indian Bank Singapore Fixed Deposits rates are quoted for personal use only. Always check interest

Company Warrants Expiring in 2016 - Actions Needed
Discovered on 4 Jun 2016 at 1:38 am
I need to remind myself all the outstanding company warrants that are expiring in 2016 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.WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - Warrants e...

1.94% p.a. Bond Interest Income
Discovered on 3 Jun 2016 at 11:30 am
1.94% p.a. Bond Interest Income Find out the latest bond interest income of 1.95% from this bond investment available to Singaporeans in Singapore. Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you

My Investment Portfolio (May 2016)
Discovered on 31 May 2016 at 10:38 pm
The rally near the end of the month was halted during the afternoon session of the last trading day of the month. Otherwise, STI had difficulty breaking 2800 points to close the month just short of that level. It had been a quiet trading month with focus mainly on the US interest rate hike.  For this month, I have attended the following AGMs/EGMs/briefings - Lantrovision, Delfi (formerly known as Petra Foods), Plato Capital, Camsing Healthcare, Weiye and Low Keng Huat.For my t...

RHB Junior Banker Rates
Discovered on 31 May 2016 at 11:30 am
RHB Junior Banker Rates Singapore Savings Account Rates blogspot dot com is the online presence where we share RHB Junior Banker rates 2016 in Singapore's banking scene. 2016 RHB Junior Banker rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money. RHB Junior Banker Rates: Amount |

Portfolio Update - 31 May 2016
Discovered on 31 May 2016 at 4:50 am
Market seemed to be directionless in May. Fear of global economy slowdown and the speculation of US hiking the interest rate continue to affect the market sentiment. Corporate results in Singapore were not very good, so the ST index moved south. STI closed today at 2791.06, dropped 47.46, or 1.67% from last month. My portfolio did slightly better than the index, its value dropped by 1.31% this month. This month, I bought some SingPost share again, when its price dipped. I also received shares...

Indian Bank Singapore Branch Deposit Rates
Discovered on 29 May 2016 at 11:30 am
Indian Bank Singapore Branch Deposit Rates Singapore Savings Account Rates blogspot dot com shares Indian Bank Singapore Branch deposit rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from Indian Bank Singapore Branch deposit rates in 2016. Indian Bank Singapore Branch Deposit Rates: Currency 1 Month 3 Months 6

Hyflux 6% p.a. Perpetual Capital Securities
Discovered on 28 May 2016 at 10:05 pm
HYFLUX 6% P.A. PERPETUAL CAPITAL SECURITIES RETAIL OFFERING Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. HYFLUX 6% P.A. PERPETUAL CAPITAL SECURITIES RETAIL OFFERING - Size of offer of up to S$300 million with option to upsize offer to S$

Golden 55 Plus Interest Rates
Discovered on 22 May 2016 at 11:30 am
Golden 55 Plus Interest Rates Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore Golden 55 Plus Interest Rates from Hong Leong Finance Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed

UOB 1.35% pa Deposits Savings Promotion
Discovered on 15 May 2016 at 11:30 am
UOB 1.35% pa Deposits Savings Promotion UOB 1.35% pa Deposits Savings Promotion is shared today in Singapore Savings Account Rates blogspot.com. Here are some facts about current Singapore UOB Deposits Savings Promotion. You must have a UOB Passbook Savings Account or a UOB Uniplus Account which is valid, subsisting and in good standing at all times during this Promotion as

Singapore Fixed Deposit Promotional Offers
Discovered on 11 May 2016 at 11:30 am
Singapore Fixed Deposit Promotional Offers We share Singapore Fixed Deposit Promotional Offers in this Singapore Savings Account Rates blogspot dot com post. We are the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. 2016 Singapore Fixed Deposit Promotional Offers rates are quoted for personal

BOC SmartSaver
Discovered on 8 May 2016 at 11:30 am
BOC SmartSaver Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date BOC SmartSaver 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from BOC SmartSaver and other savings accounts, savings

1.6% ANZ SGD STATEMENT SAVINGS ACCOUNT
Discovered on 1 May 2016 at 11:30 am
1.6% ANZ SGD STATEMENT SAVINGS ACCOUNT Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other

OCBC first quarter results - Net Profit at S$856 million
Discovered on 30 Apr 2016 at 7:22 pm
OCBC Bank reported its first quarter results.  In summary:Revenue dropped 2% to $2.06 billionNet Interest Income rose 5% to $1.31 billionNet Profit dropped 14% to $856 million.Total non-performing loans ratio rose to 1% from 0.9% last quarter.NAV was $8.20 (increase by 5.1%)Earnings per share was 82.2 cents (down 17.6%)OCBC Bank share price closed down at $8.77 (drop of $0.13).Is OCBC a bargain at this price? Personally, I prefer DBS which is trading at a slight discount to its book value. Co...

My Investment Portfolio (April 2016)
Discovered on 30 Apr 2016 at 4:41 am
STI ended the month at around the same level as last month, though it had been weak towards the end of the month. Otherwise, it had been an uneventful month with not much movements in most of the major stocks in the index.For this month, I have attended the following AGMs/EGMs/briefings - AV Jennings, Biosensors, CEI, CapitaLand Retail China Trust, CapitaLand Mall Trust, CapitaLand Commercial Trust, CapitaLand, SembCorp Industries, Sarine Tech, NOL, UOI, Yeo Hiap Seng, GK Goh, Combine...

Portfolio Update - 29 April 2016
Discovered on 29 Apr 2016 at 4:30 am
The stock market went yoyo this month. Towards middle of the month, STI rallied more than 100 points, but soon loss steam. Negative corporate earning news from US and BOJ's decision not to hand out further stimulation caused the market to trade lower. At the end of the month, STI returned to where it started a month ago. STI closed today at 2,838.52, down 2.38 points, or 0.08% from last month. My portfolio performs slightly better. Its value rose 0.89% from end of March, net of fresh fund inj...

胡立陽: 掌握財富重分配
Discovered on 28 Apr 2016 at 9:07 am
CIMB Fixed Deposit Promotion 2016
Discovered on 24 Apr 2016 at 11:30 am
CIMB Fixed Deposit Promotion 2016 Singapore Savings Account Rates blogspot dot com shares CIMB Fixed Deposit Promotion 2016. Team members at Singapore Savings Account Rates present CIMB Fixed Deposit Promotion 2016. 2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you

Trend Following: Part One
Discovered on 21 Apr 2016 at 8:34 am
What is it?"The core idea of Trend Following is extremely simple...Wait for momentum to build in one direction and get on the bandwagon.  Expect to lose about two thirds of the time and so make sure your winners can pay for your losers and leave enough over to cover the rent." (Clenow)In other words, buy after prices start moving up, sell after they start moving down:The rules used are simple, for example:moving average crossovers above, channel breakouts, "buy when the price has spent 5 days...

Tan Sri Dr Jeffrey Cheah | Power Talks
Discovered on 20 Apr 2016 at 9:05 am
Aspial Bond Price
Discovered on 17 Apr 2016 at 11:30 am
Aspial Bond Price Singapore Savings Account Rates blogspot dot com shares Aspial bond price with you today. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016. Security Name: AspialTrea 5.25%b200828 Stock Code: BEYZ ISIN Code: SG31A4000007 Coupon Rate(%): 5.25

Savings Account Rates Comparison
Discovered on 10 Apr 2016 at 11:30 am
Savings Account Rates Comparison Singapore Savings Account Rates blogspot dot com gives you savings account rates comparison today in Singapore. Team members at Singapore Savings Account Rates compare savings account rates in this Savings Account Rates comparison post. Savings Account Rates Comparison (First $10,000): DBS BANK SAVINGS ACCOUNT = 0.05 % p.a. POSB BANK SAVINGS ACCOUNT = 0.05

My Investment Portfolio (March 2016)
Discovered on 31 Mar 2016 at 9:28 pm
STI ended the month at around 2840 points, regaining much of the lost ground from the loss early this year but still ended the quarter down as compared to the start of the year. Still, it is the best performing month this year after the January market crash. Markets were helped by news that the US Fed would not hike interest rate so soon.For this month, I have attended the following AGMs/EGMs/briefings - Saizen REIT, Del Monte, 8Telecom, Envictus, Techcomp and Mermaid.For my to...

DBS eSavings Rates
Discovered on 31 Mar 2016 at 11:30 am
DBS eSavings Rates Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore DBS eSavings Rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in

Portfolio Update - 31 March 2016
Discovered on 31 Mar 2016 at 4:29 am
March has been a relatively good month for investors. Global equity continue to recover from the fall earlier of the year. Attentions are still on if Fed will to hike the rate 4 times or 2 times in this year; as well as the development in Chinese market. e.g. the dovish speed from the Fed chief boosted the market yesterday.STI continue to recover this month. On 18 March it even turn positive for the first time in the year. Unfortunately the momentum could not maintain. As at today, the index ...

SGD ANZ Bank 2.0% FD Promotion
Discovered on 27 Mar 2016 at 11:30 am
SGD ANZ Bank 2.0% FD Promotion Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore SGD ANZ Bank 2.0% FD Promotion rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from SGD ANZ Bank 2.0% FD Promotion in

POSB eSavings Rates
Discovered on 20 Mar 2016 at 11:30 am
POSB eSavings Rates Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income

SHS HOLDINGS W191216
Discovered on 18 Mar 2016 at 12:44 am
For those holding the above company warrant, maybe it is time to consider converting them to shares. The record date for their upcoming dividend entitlement is as follows:SHS HOLDINGS LTD. - 12 May 2016, 5pm. Final dividend 0.32cts per share, Special dividend 3.68cts per share.Though the warrant expires on 16 DEC 2019, there seem to be no time value in it as it currently trades at around 7.6cts, with an exercise price of 20cts. Adding the exercise price to its current market price, it is stil...

CapitaLand Commercial Trust (CCT) distribution history
Discovered on 14 Mar 2016 at 9:24 am
Just thought that this might be useful reference for those looking for CapitaLand Commercial Trust (CCT) distribution history.CCT distribution history

10-Year SG Government Bond Rates
Discovered on 13 Mar 2016 at 11:30 am
10-Year SG Government Bond Rates Singapore Savings Account Rates blogspot dot com presents 10-Year SG Government Bond Rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you with details of 10-Year SG Government Bond Rates. 2016 10-Year SG Government Bond rates are quoted for personal use only. Always check interest rates with the respective banks and/or

Saizen Reit - Delisting
Discovered on 11 Mar 2016 at 12:14 am
I have some Saizen Reit in my portfolio. Today the counter goes XD and the value dropped from $1.10 to $0.077. I will be receiving a dividend of $0.0283 per share on 29/3 and a capital return of $1.056 on 28/3.For recording purpose, I will record only the 0.0283 as dividend received on 29/3. I will record a "sell" transaction today on Saizen Reit at the price of $1.055 today, and thereafter the shares will have a cost of S$0.01 per share. Hence there will be a negative cash injection to the p...

CapitaLand Commercial Trust to be added to Straits Times Index
Discovered on 9 Mar 2016 at 8:06 am
The Straits Times Index or what is referred to as STI has 30 companies that form its constituents. FTSE Russell has announced that Capitaland Commercial Trust will take over the place of Noble Group which will drop out of the list. The changes will be taking effect on the start of business of 21 March 2016.The 5 companies on the STI reserve list: Suntec Reit, NOL, First Resources, Singapore Post and Keppel Reit. These companies stand the chance to replace any firm in the STI that is subsequen...

Knowing my willingness and ability to take risk
Discovered on 7 Mar 2016 at 6:53 am
In finance world, willingness and ability to take risk belong to 2 different concepts. Willingness to take risk refers to one’s character, education, investment experience, culture and even religion. For instance, many colleagues around me are high income earners. However, they only invest in time deposits as they are either conservative, have poor experience in investment or simply cannot invest due to religious constrains. They are unwilling to take risk for mainly emotional reasons. On the...

何启斌博士 - 现在并非98, 也不是08
Discovered on 6 Mar 2016 at 1:19 am
My Investment Portfolio (February 2016)
Discovered on 29 Feb 2016 at 6:35 am
STI ended the month at around 2666 points, a little bit better than last month but confidence is still weak. Markets had been digesting the full year results for companies with financial year ending December 2015. Overall, it had been mostly a weak set of numbers especially for companies in the Oil & Gas sector. Companies had also painted a cautious outlook but I guess the market might have discounted most of these bad news.For this month, I have attended the following AGMs/EGMs/briefi...

Portfolio Update - 29 February 2016
Discovered on 29 Feb 2016 at 3:48 am
Global equity market continued its volatility into February from last month. The same problems - China slowdown, low oil price continued in February. Then came Lunar New Year. Oil price and equity market seems to recover a little after the new year holiday. STI also started to recover after hitting a low of 2550 level on 4 Feb. STI ended today in positive territory compared to last month. As at today, it stood at 2,666.51, up 37.40 points, or 1.42% from end January. My portfolio performed sli...

悲观看法大集合——股市是会有多惨?
Discovered on 19 Feb 2016 at 8:33 pm
CPF Life Plan - Choose Your Option Carefully
Discovered on 18 Feb 2016 at 7:54 pm
Shortly when Uncle Sanye turned 55, I received a letter from CPF Board with a form attached to choose my CPF Life option - Standard or Basic Plan.  Sanye knew that Basic Plan means one receives less monthly payout after reaching 65 and will leave more bequest to family and Standard Plan means the other way round. Without going into details and trusting that the 2 plans will somehow be quite "fair", I chose the standard plan, because I believe that by the time Uncle and Auntie Sanye leave the ...

胡立陽:最麻煩一年來了
Discovered on 18 Feb 2016 at 5:46 am
曾淵滄-股市资讯专栏 12.02.2016 -->时局充满挑战,主力买蓝筹股
Discovered on 12 Feb 2016 at 5:57 am
曾淵滄-股市资讯专栏 29.01.2016 -->我们是否正处于真正的熊市?
Discovered on 1 Feb 2016 at 1:42 am
Portfolio Update - 29 January 2016
Discovered on 30 Jan 2016 at 8:49 am
The equity market got on to a very volatile start in Jan 2016. Economics slowdown in China and falling oil price (to below 30USD) sent the global stock prices into a tailspin. On some day there were even panic selling from investors. STI plunged right from the start of the month. It dropped more than 12% before recovered slightly. Not even today's rally can recover the loss. As at today, STI closed at 2,629.11, dropped 253.62 points, or 8.80% compared to end of last month. My portfolio value ...

My Investment Portfolio (January 2016)
Discovered on 30 Jan 2016 at 8:39 am
STI ended the month at around 2629 points, continuing its downward movement from last month. Again, fears of China's economy hard landing and low oil prices were the major concerns. Investors sold down stocks across the board, making stock picking a difficult task in this market.For this month, I have attended the following AGMs/EGMs/briefings - Transcorp, Frasers Commercial Trust, Frasers Centrepoint Trust, Envictus, Noble and F&N.For my top 30 holdings, Jardine C&C moved bac...

Singtel
Discovered on 30 Jan 2016 at 6:55 am
A quick look at Singtel.  I like them because their revenues are recurring, and they are in a markets which are a natural oligopoly.  Was attracted by their high margins - in 2015 operating margins from Singapore and Australia (after tax) were 21% - high for any industry and surprising for a utility or "dump pipe".  The stock price has dropped recently.  Based on their earnings/cashflows, at what price would I buy?SegmentsSingtel is a holding company.  FY 2015 EBIDTA (ending March 2015) is br...

胡立陽 : 道瓊跌不休..「轉空3訊號」已現?
Discovered on 20 Jan 2016 at 6:21 am
全球航運陷冰河期 ?
Discovered on 16 Jan 2016 at 1:14 am
曾淵滄-股市资讯专栏 15.01.2016 -->市场恐慌宜保守行事,不宜趁低吸纳
Discovered on 15 Jan 2016 at 6:17 am
THE 5 STOCK RATIOS YOU NEED TO MINIMISE YOUR INVESTMENT LOSSES
Discovered on 11 Jan 2016 at 4:44 pm
Malaysia 2016 Investment Themes
Discovered on 5 Jan 2016 at 4:44 pm
Investment Strategy for 2016
Discovered on 4 Jan 2016 at 12:03 am
2016 is expected to be another tough year for investors, according to most analysts out there. With most bad news out there and expected lower corporate earnings for most S'pore listed companies plus lower GDP growth in S'pore, I do agree that it will be another rough year for investors. We have already endured a roller-coaster ride last year but be prepared to tighten your seat belts for another tough ride this year. As usual, stock picking becomes a crucial factor in this kind of market, an...

My Investment Portfolio (December 2015)
Discovered on 31 Dec 2015 at 10:25 pm
STI ended the year at around 2882 points, above last month but down 14% for the year. STI had the "honour" of being the worst performing South East Asia market index for the year. For the month of December, there is not much activity as most investors were on holiday. For this month, I have attended the following AGMs/EGMs/briefings - SPH, LippoMalls Trust, Ezra, Kencana, Fortune REIT, First REIT and Second Chance Properties.For my top 30 holdings, Sarine Technologies was again...

Portfolio Update - 31 December 2015
Discovered on 31 Dec 2015 at 8:24 pm
December has been a relatively quiet month in equity market. US Fed finally made the first step to hike the interest rate to 0.25%, officially ending the long era of cheap money. The hike was not excessive and the market took it as a confirmation of US economics recovery. Global stock market rallied the next day after the Fed's announcement. STI rose moderately in quiet trading sessions, as there lacks positive news from the corporate world. At 5:10pm  today, STI stood at 2,882.73, up 26.79 p...

2016經濟把脈:令吉·馬股 何時才回升?(松大資本高級顧問顏敏樹)
Discovered on 28 Dec 2015 at 5:15 pm
Review/Reflections for 2015
Discovered on 27 Dec 2015 at 11:12 pm
I think most investors would agree with me that 2015 is a bad year for equity investors. The year started well and in April, STI was well above 3400 points. Unfortunately, a series of bad news including China market correction, Greek crisis, US rate hike, slump in oil prices, devaluation in regional currencies etc had contributed to a weaker performance in subsequent months and STI is expected to close well below 3000 points as we approach the end of the year.I have stay invested in the marke...

2016投資大翻轉 專訪亞洲投資教父-胡立陽
Discovered on 17 Dec 2015 at 7:28 pm
美升息利空出盡? 胡立陽:溫水煮青蛙
Discovered on 17 Dec 2015 at 5:15 am
油比水便宜 原物料血流成河?57金錢爆-2015-12-09
Discovered on 13 Dec 2015 at 4:33 pm
Rickmers Marine
Discovered on 30 Nov 2015 at 7:24 am
Rickmers MarineA REIT-like structure, holding and leasing 16 panamax container vessels (3400-5000 TEUs). Their fleet is new: all but one vessel was built in 2007 or later, and they have a 25-30 year lifespan.Rickmers stock price has plunged after it suspended dividends, due to lower revenue from declining rates.  How much of this is already built into the share price?First off, Rickmers has a loan covenant waiver that they need to extend, due end of this year.  If they can't, all bets are off...

My Investment Portfolio (November 2015)
Discovered on 30 Nov 2015 at 5:46 am
STI ended the month at around 2850 points, losing much more than the lost ground gained last month. Markets continued to be weak, with the likely US rate hike plus weakness in China market due to investigation in the country's largest brokerages. Also in S'pore, expected weaker growth and lower corporate profits plus MAS warning on risks for local lenders doesn't help market sentiments.For this month, I have attended the following AGMs/EGMs/briefings - Albedo, Petra Food, Sunright, Vi...

Portfolio Update - 30 November 2015
Discovered on 30 Nov 2015 at 3:46 am
The market recovery in October proved to be short lived. Looming US rate hike and Slowdown of Chinese economy determined the market sentiment and the stock prices moved south this month. Other negative factors included terror attack in Paris, lacklustre corporate earning results, China probe in the brokerage firms, etc. STI closed today at 2,855.94 for the month of November, dropped 142.41, or 4.75% compared with last month. My portfolio, though performed better than the index, saw its value ...

專訪亞洲投資教父-胡立陽 -佈局新投資方向
Discovered on 20 Nov 2015 at 8:01 am
Company Warrants Expiring in 2015 - Actions Needed
Discovered on 10 Nov 2015 at 1:07 am
I need to remind myself all the outstanding company warrants that are expiring in 2015 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.METECH INW150627, Expiry Date: 27 Jun 2015, Exercise price = $0.02, Conversion ratio 1:1 - Warrants expired worthless.WE HOLDINGS LTD W150805, Expiry Date: 8 Aug 2015, Exercise price = $ 0.003, Conversion ratio 1:1 - Warr...

馬新高鐵料2018年初動工‧費用高達650億
Discovered on 6 Nov 2015 at 1:31 am
YuuZoo Corp granted gaming licence in Nigeria
Discovered on 3 Nov 2015 at 9:38 am
YuuZoo Corp's subsidiary, YuuZoo Gaming, has been granted a full gaming licence to provide lotto services in Nigeria's Edo state. Lotto is a game of chance where people pick numbers to match those drawn. Nigeria is Africa's largest market with a population expected to reach 184 million.YuuZoo CEO James Sundram sees games and gaming as key revenue generators. He expects to leverage the popularity of gaming in Nigeria to acquire new active users and monetize them through Lotto, e-commerce, adve...

My Investment Portfolio (October 2015)
Discovered on 31 Oct 2015 at 9:44 pm
STI ended the month just below 3000 points, recovering some of the lost ground from last month. However, mood in the market is still cautious, mainly due to worries over impending US Fed interest rate hike.For this month, I have attended the following AGMs/EGMs/briefings - Transcorp, GuocoLeisure, Singapura Finance, PCI, Chuan Hup, China Yuanbang, Lion AsiaPac, Parkson Retail Asia, Lasseters and K1 Ventures.For my top 30 holdings, Sarine Technologies was again a big mover, but th...

Portfolio Update - 30 October 2015
Discovered on 30 Oct 2015 at 4:41 am
After a few months of volatility and southwards movement, I was glad to find STI recovered to above 2,900 points when I came back from my China (Xinjiang) trip. In fact the market looked rather good in October, and STI moved above 3,000 points. China's interest rate cutting and Europe's QE measure supported the stock prices. Singapore companies reported a mix results of the past quarters, but REIT's do generally quite well. Just as I thought that market should be on it's way up, US Fed's hint...

Investing in Stocks is like a game...
Discovered on 28 Oct 2015 at 11:50 pm
Investing in stock market is like a game, you win some, and loss some. Just yesterday, I blogged about an announcement from HTL caused the stock price to surge almost 100% within a day. This morning, another announcement from Lippo that they may move two REIT's, namely First REIT and Lippomall Indonesia Retail Trust to Indonesia cause the price of these two counters to tumble. To rewind back a few days, an announcement from Saizen REIT that they received an offer for their assets caused its p...

HTL International - Share price jumped 97% in one day
Discovered on 28 Oct 2015 at 4:40 am
HTL has been one of my "boring" counters for many years. The share price has been quite stagnant, even on a declining trend. I keep it for it still pay dividend every year (except this year), and the NAV has stayed steady so far. Few days ago the trading was halt. Today the company made and announcement that they have signed an MOU with a company from Shenzhen on "business transaction that will unlock shareholders' value" and lifted the trading halt.When the market closed this evening HTL sha...

Rolls Royce: Aircraft and Engine retirements
Discovered on 19 Oct 2015 at 9:39 am
Roll's recent profit warning was due to the transition from old engines to new one.  Old planes are being retired, reducing maintenance income, while Rolls is still waiting to ramp up production in new engines.I need to get some idea of the numbers of aircraft being retired in the future.  Is there more to come?First, lets look out the different aircraft models based on range and payload:Ignore Narrow body aircraft at the bottom left, which are irrelevant to Rolls.Jumbos, in the top right, ar...

Bought Rolls Royce
Discovered on 19 Oct 2015 at 9:23 am
Bought another 2073 RYCEY ADRs, at $10.4255.  Total cost USD 21,621.Thats priced at roughly 13X earnings.  Rare to find inexpensive blue chips in year 6 of a bull market.  Now I have a full position in this counter.Now around 85% in cash.

專訪亞洲投資教父-胡立陽 ->財富重分配時機到
Discovered on 11 Oct 2015 at 6:47 am
專訪亞洲投資教父-胡立陽 -> 聰明錢何處去?!
Discovered on 10 Oct 2015 at 6:44 am
Bought USD
Discovered on 5 Oct 2015 at 9:15 am
In late 2011, I sold my Perth property and converted the money to SGD, because:Commodity booms are cyclical, and we were 9 years into one.The property's price had risen 4 times in 14 years, (non-mining) wages had only risen 50-100%.I was expecting a recession.The last didn't happen, and I was 2 years early, but the decision proved correct:Today I converted a significant amount of SGD to USD.  This decision is a lot less certain.Holding SGD is a little bit of a risk (not a lot), as its lumped ...

My Investment Portfolio (September 2015)
Discovered on 30 Sep 2015 at 8:00 am
STI ended the month with 4.7% loss to close at 2790 points. The usual concerns had been there in the market, plus China showing signs of sharper slowdown. The S'pore election results had not improved market confidence and the uncertain Fed decision on when to hike interest rate doesn't help matters.For this month, I have attended the following AGMs/EGMs/briefings - CapitaMall Trust, CM Pacific, SGX and Lian Beng.For my top 30 holdings, Sarine Technologies had recovered well after...

Portfolio Update - 22 September 2015
Discovered on 22 Sep 2015 at 4:46 am
I normally update my portfolio at the end of the month. However, I will be going for my holiday in towards the end of September and will be back only on 7 October. So I decide to update my portfolio earlier this month. Market continue to be nominated by China slowdown story. Now it seems that China market volatility and Yuan devaluation is pulling down everyone, even the Fed decided to postpone the rate hike. Singapore market continue to be volatile and trend downwards. No even the great PAP ...

GE2015 - My own analysis on Opposition's Loss
Discovered on 17 Sep 2015 at 4:24 am
GE 2015 is finally over, with PAP winning close to 70% of the votes, getting back Punggol East SMC, and reducing PW's winning margins in Aljunied GRC. Many prominent people have given their opinion on why the PAP had this landslide win. Here is my own 2 cents worth on why the opposition did not do well this time. First of all, opposition parties' strategic goal and action plan did not tally. Right from the beginning it was clear that the opposition parties did not aim to take over the governm...

Topping Up My Retirement Account
Discovered on 16 Sep 2015 at 5:08 am
I have passed the age of 55, and according to CPF rules, I cannot top up my Special Account, besides the monthly contribution from my employer. Yet because the government has raised the limit of minimum sum, CPF Board allows me to top up my retirement account, either by cash or transfer from money in OA. Cash top up enjoys tax rebate (limited to $7,000 per year). Since I am still gainfully employed and pay quite a bit of income tax, I made a cash top up today to my retirement account. Since t...

曾淵滄-股市资讯专栏 10.09.2015 - 美国加息仍是未知数,宜按兵不动
Discovered on 10 Sep 2015 at 7:29 am
My Investment Portfolio (August 2015)
Discovered on 1 Sep 2015 at 1:38 am
STI ended the month below 3000 points to close at 2921. More bad news in the market as China's shock move to devalue the yuan and worries about its slower economic growth, recent terror attack in Thailand, mass protests in Malaysia, Fed rate hike decision and also devaluation in regional currencies. The sell-down in the markets had been global, and it has been another bad month for investors. On a personal note, this month had been the most difficult market for me since I become a full-time i...

Portfolio Update - 31 August 2015
Discovered on 31 Aug 2015 at 4:37 am
August has been a bad month for share investors. Weakness in Chinese economy growth caused the Chinese stock market to slump. Of course the extreme volatility of Chinese stock market was also caused by the over-leveraging of the investors which has pushed the share prices to an insane height previously. The crash of Chinese stock market in turn affected the other markets, Singapore included. On 24 August (which incidentally is my birthday), STI dropped 127 points on a single day! Many thought...

Rolls Royce: Cashflows
Discovered on 28 Aug 2015 at 10:11 am
A look at Rolls earnings and cashflows.  Same as for any company I want to buy. Earnings vs CashflowsFirst, ignore the Net Financing.  These contain large profits or losses from their currency hedges (mark to market), irrelevant to their underlying business.  All the earnings below exclude this.Lets see how past earnings and cashflows compare:The stated earnings “smooth-out” the Cash Flow from Operations (CFO).  Sometimes they are higher, sometimes lower.  For the next two years, CFO is expec...

Scrips Dividend Scheme
Discovered on 12 Aug 2015 at 9:23 pm
Many high yield shares and trust (esp. REITs) offer scrip dividend scheme to the shareholders, i.e. shareholders can opt to receive shares instead of cash for their dividend. The advantage of the scheme is that shareholders can buy additional unit without paying commissions. The disadvantage is that he will have odd lot which is not easy to liquidate. To encourage shareholders to opt for scrip, companies will normally offer a small price discount to the shareholders.I have been subscribing to...

Terminating Life Policies
Discovered on 2 Aug 2015 at 4:36 am
I held a few life protection policies from various insurance companies, which I bought more than 25 years ago. At that time, I was convinced that I needed the policies as I just started working and was supporting my parents financially. If anything should happen to me, at least I would leave a sum of money for my parents. After I got married, I thought these policies would be good to protect my young family. More than 20 years have gone by since then. With the passing of my parents, and gradu...

My Investment Portfolio (July 2015)
Discovered on 31 Jul 2015 at 7:19 am
It was a month to forget for investors. STI ended the month down at around 3202 points. The shaky China market, decreasing oil price and pending US interest rate hike were the factors contributing to the market weakness. Furthermore, news of short sellers targeting stocks like Noble Group contributed further to the selling.For this month, I have attended the following AGMs/EGMs/briefings - Ascendas Hospitality Trust, Fu Yu, SMRT, Azeus, The Hour Glass, MapleTree Industrial Trust, LHT...

Portfolio Update - 31 July 2015
Discovered on 31 Jul 2015 at 4:55 am
Market has been very volatile in the month of July. STI started negative, swing back to positive territory, than dived into negative territory in a free fall fashion on the last few days of trading. Index was still up 1% on 24/7, but the last week completely wiped out this gain. As at 31 July 2015 STI closed at 3202.50, down 3.46% compared to last month. My portfolio also also swung from positive to negative with the index. As at month end, its value declined  2.93%. This month, I bought into...

SRS Withdrawals - No Longer Need to Cash Out and Reinvest
Discovered on 30 Jul 2015 at 4:35 am
According to the MOF website, SRS members no longer need to liquidate their investments when they withdraw their savings from SRS account. Instead they can have their investment "transfer" out. Please read:From MOF website: http://www.mof.gov.sg/MOF-For/Individuals/Supplementary-Retirement-Scheme-SRSSRS Withdrawals in the form of investmentsPreviously, all SRS withdrawals must be made in cash. Where savings in an SRS account have been used to acquire investments, the investments must be liqu...

US Natural Gas (part 2) - valuing Advantage Oil and Gas (AAV)
Discovered on 11 Jul 2015 at 8:54 am
Continuing my previous Nat Gas post.   Steps showing how I value Advantage Oil and Gas, a low-cost Canadian natural gas producer.  Since Natural gas prices are highly cyclical, I am trying to normalise them based on the futures market (see Market Based Forecasts here in a paper by Aswath Damodaran).  The futures market is best predictor of market prices as they know more than anyone else.Heres the details:What are AAV's realised prices compared to the benchmark?  The company gives their reali...

Sold Kweichow Moutai
Discovered on 9 Jul 2015 at 7:43 am
Sold my holdings, 900 shares @ CNY 244.  Profit ~ SGD 15.5K.Why did I sell?  Its a toss up between:Hold, because its a good company at reasonable valuations and good long term growth potential, and I've got nothing else to buy.orSell - I may not be able to if things get bad later on.  With shares being suspended.  And banning those with more than 5% holding from selling.  And blaming evil foreigners.  Its possible for them to cut off the HK Shanghai link at any time.I don't think any bursting...

US Natural Gas
Discovered on 1 Jul 2015 at 8:41 am
US Natural gas prices have been low since 2008, and are now below the cost of production.  When this happens to a commodity, eventually either its price must go up, or the the cost of production must drop.  The usual value-investment strategy is to buy a lost cost producer which can outlast the competition and will benefit when the commodity price rises later.In short: I think US Natural Gas prices will rise soon due to falls in production.  But I could not find a stock reasonably priced enou...

My Investment Portfolio (June 2015)
Discovered on 1 Jul 2015 at 1:30 am
STI ended the month at around 3317 points.The Greek debt crisis fears plus China market movements had continued to worry investors as market volatility increases. It had been a difficult month for long term investors as STI swing from positive to negative and back to positive again everyday. For this month, I have attended the following AGMs/EGMs/briefings - Blue Sky Power, Communication Design International, Frasers Commercial Trust, Ezra, Transit-Mixed Concrete, Cheung Woh, Chemica...

Portfolio Update - 30 June 2015
Discovered on 30 Jun 2015 at 7:47 pm
Singapore stock market continues to move downwards  this month. Investor sentiment is dented by the impending rate hike from US, the volatile movement of China shares (there were days when the Chinese Index dropped 7~8%, and many stocks dropped till 停板, which means trading halt), and the Grexit crisis entering the final home run stretch. Market will continue to be jittering and volatile until at least this coming Sunday, when the referendum to decide if Greece will accept the terms set by its...

My Mistake? or SingPost's Mistake? or AimsampIReit's Mistake?
Discovered on 24 Jun 2015 at 5:00 am
Today I received dividend from AimSampIReit rather surprisingly. I remember clearly I submitted the form and opted to receive scrip, as I normally do. However, I think the form did not reach CDP so I received cash instead.I don't know if it's due to my mistake (forgot to sign form, etc), or was it a mistake by CDP (or AimSampIReit), or was the form lost in transit. Well, not a big issue, I receive my hard cash, at least. Lol.

Understanding the Blackrock Group Multi-Asset Income Fund
Discovered on 13 Jun 2015 at 8:34 am
Andy Warwick explains the tactical allocation of the Blackrock Group Multi-Asset Income Fund.

Update on Kweichow Moutai
Discovered on 6 Jun 2015 at 7:25 pm
Moutai stock price is up 130% from its 2014 bottom, and 50% from when I bought.  Two reasons:Good Q1 results: revenue up 15%, operating profit up 30% and EPS up 21% (due to share dilution).  No increase in receivables.  Perhaps the start of a new uptrend after two years of stagnant results?A frenzied bull market in China stocks, encouraged by the government.  Mostly driven by retail traders.  And no one knows how much leverage. (Banana seller trading - ZeroHedge)Moutai is not up for the reaso...

Portfolio Update 29 May 2015
Discovered on 1 Jun 2015 at 7:04 am
 STI suffered the biggest loss of the year 2015 in May. Compared with last month, STI was in the negative territory the whole month. Not so positive corporate results and the concern that US will raise interest rate seemed to weigh on investors sentiment. When US, China and HK stocks rallied, SG stocks lagged behind. On the last few days on the month, when China, US stock prices plunged, we followed. Grexit, pending interest rate hike continue to dampen investor sentiment. STI closed today (2...

My Investment Portfolio (May 2015)
Discovered on 31 May 2015 at 10:06 pm
STI ended the month at below 3400 points to close at around 3392 points. Worries about the China market after such a huge run-up in recent few months had played a part in STI weakness. This plus the Greek debt issue and US pending interest rate hike also contributed to the fall in the Singapore market.For this month, I have attended the following AGMs/EGMs/briefings - Sunright, SIIC Environment, Low Keng Huat, Jacks International and Design Studio.For my top 30 holdings, Koyo Inter...

Sold Dragon Oil (LSE:DGO)
Discovered on 28 May 2015 at 10:05 am
Sold all my 1700 shares at 687.50p on 26th May.The majority shareholder ENOC indicated in March that they would make an offer, finally mentioning a 735p price on the 21st of May.  Not as much as I'd hoped, and the market seems doubtful the bid will go through.ENOC is a refiner who badly needs E&P capacity to sell oil domestically.  A previous opportunistic bid in 2009 was defeated by minority shareholders.  Don't know what will happen now - the takeover may fall through, or they may increase ...

My Investment Portfolio (April 2015)
Discovered on 30 Apr 2015 at 10:09 am
STI ended the month at 3487 points, up again from last month. Markets in Shanghai and Hong Kong had a good rally this month and STI caught up with some of their gains. Some actions in the S-chips listed on SGX had also observed, following the rally in some of the secondary listings on SGX which had their primary listing in Hong Kong.For this month, I have attended the following AGMs/EGMs/briefings - Tuan Sing, Sabana REIT, CapitaMall Trust, CapitaRetail China, Isetan, SBS Transit, Chi...

Bought Rolls Royce (RYCEY)
Discovered on 20 Apr 2015 at 10:00 am
The idea for buying this is clearly explained by Bronte Capital here and here.    It depends on the success for the A350, the B787 Dreamliner (Rolls has about a 30% engine share) and the upcoming A330neo (expected end 2017).  The main competitor for the A350 is the B777X, expected in 2019.Based on their order numbers for the Dreamliner (~300 planes), A350 (~800 planes) and the a330neo (~140 planes), with Airbus’ expected A350 production rate, I’m guessing a large ramp-up in 2017-2019 (190 pla...

Modest Gain in my Unit Trust Portfolio
Discovered on 12 Apr 2015 at 7:36 am
I seldom keep track of my Unit Trust portfolio as I have spent extensive time to construct it at the onset. It is engineered to pay monthly dividends as a form of consistent profit taking and ideally, the $600k portfolio should be paying 5% dividends and having 0% growth. It was constructed with a balance portfolio in mind, diversified between equities and fixed income; invested across different currencies, geographies and having negative correlation with different asset classes such as US tr...

My Investment Portfolio (March 2015)
Discovered on 31 Mar 2015 at 8:33 am
STI ended the month at 3447 points,up slightly from last month. The news for this month had been the passing of S'pore's founding Prime Minister, Mr Lee Kuan Yew. Otherwise, there is not much news to move the markets as it had been relatively quiet.For this month, I have attended the following AGMs/EGMs/briefings - Qian Hu, Hiap Hoe, China Fishery, Roxy Pacific and AI-REIT.For my top 30 holdings, there were no change in the stock names, just some minor changes in the positions. I ...

SIA plans to buy stake in South Korea's Jeju Air
Discovered on 17 Mar 2015 at 12:29 am
It was reported that SIA is in discussions to buy an equity stake in South Korea's low-cost carrier Jeju Air. The announcements were made on 18 March though it was also stated that this might not necessarily lead to any transactions.Jeju Air has a market capitalization of less than 1 billion Singapore dollars. As of writing, SIA was trading at $11.95.The SIA Group currently comprises of SIA, Silkair, Scoot and Tiger Air.

Sold IEO, Bought Genel
Discovered on 15 Mar 2015 at 5:22 am
Sold 300 IEO shares on Thursday night at $70.85.  Total loss was USD 1042.34.  Only bought them to have some exposure to oil when I couldn't find any stocks to buy.Bought 1800 shares of Genel at 515p on Friday afternoon (London - Friday morning).  Total cost was SGD 19,393.51.  They dropped 3% in that session.  Shit!  If only I'd waited a little longer.  At 515p, I value them at 12x earnings (@ $70 Brent), excluding failed-exploration costs.Friday's session was terrible for oil: WT is retesti...

Genel 2014 results and Valuation
Discovered on 5 Mar 2015 at 7:12 am
Genel Energy released their full 2014 results today, and the stock price has shot up 10%.Guidance for 2015 is for $350-400m revenue (at $50 Brent), and a 38% increase in production volumes.  Based on that, I estimate 2015 profits to be 26c (or 17p) profit per share, using generous assumptions:This would give a high PE - fair enough in a cyclical industry.    What if we adjust for a long term price of Brent $70?From their 14th May 2014 Investor presentation, and after going through the flowcha...

Bought Dragon Oil (LSE:DGO)
Discovered on 2 Mar 2015 at 7:44 am
2nd Mar 2015 - Bought 1700 shares at 541p.  Total cost: SGD 19.833.97Held in my DBS Vickers acct.Brent was around $61 when I bought.

My Investment Portfolio (February 2015)
Discovered on 1 Mar 2015 at 12:16 am
STI ended the month at 3402 points, with the Greek debt issue had been solved at least temporary. It had been a short month due to the Chinese New Year holidays. Investors had been focused on companies with financial year ending 31 December 2014 releasing their full year results. The results released so far had been ok but nothing fantastic though.For this month, I have attended the following AGMs/EGMs/briefings - Transcrop. For my top 30 holdings, there were not much changes. Pop...

Dragon Oil (LSE:DGO)
Discovered on 28 Feb 2015 at 8:07 am
Dragon Oil is the largest oil producer in Turkmenistan. All their commercial production is from their Cheleken Contract Area in the Caspian Sea, consisting of the Zhdanov and Lam fields.  The contract lasts until 2025, with rights to negotiate a ten year extension.In December 2014, oil was found in Iraq; expected to take 2 or 3 years to determine if commercially viable.They are also performing exploration in Algeria and Egypt.Revenue (Production Service Agreement)Their Cheleken PSA entitles D...

Bought IEO
Discovered on 4 Feb 2015 at 6:25 am
Bought 300 shares of IEO, at $74.19 each this morning.  Total cost USD 22,311.WTI was ~ $53 when I bought.  I guess its long term sustainable price to be $70 - seems to be the consensus view too.Its 1/3rd of my intended position. In case this week's breakout was real.  I'm always uneasy buying on breakout, because it comes from fear.  Fear of missing out.  My old broker used to say "Never chase".If this breakout is fake, and oil goes down to the forties again, then I hope to accumulate at bet...

Oil ETFs
Discovered on 1 Feb 2015 at 6:22 am
I believe oil is priced below its sustainable price.  Beyond buying a few barrels to store in my flat, how can I invest in it?  All the individual companies I've looked at are not at low enough valuations for me catch a falling knife.  What about ETFs? Oil commodity tracker ETFs, such as USO, are synthetic, since its hard to physically store  oil.  They suffer from large tracking error when the market is in contago, as they have to regularly roll over their (cheaper) expiring near term future...

My Investment Portfolio (January 2015)
Discovered on 30 Jan 2015 at 4:03 am
STI ended started the first month of the year up to close at 3391 points, though it ended a bit weaker during the last trading day of the month. Various concerns were present in the market. 1. The Swiss taking the cap off their currency, causing Swiss franc to strengthen significantly. 2. ECB increasing the money supply aka QE. 3. Greek debt issue had been on the headline again. 4. US Fed latest hawkish stance on rates, which means interest rate is going to go up soon. For this month, I ...

Good bye textbooks..
Discovered on 28 Jan 2015 at 6:49 am
Today my maid was clearing my room and asked whether she could (finally) clear my unwanted texts, files and notes I have not touched for years. I gladly agreed. I used to have the habit of keeping ALL my textbooks religiously for fear that I may need them if I ever meet an unsolvable problem at work. My belief was shattered as over the past decade, nothing of such happened. No wonder I do not see any plumber or air con technician bringing along their work manual to my home! The notes and text...

The Oil Majors
Discovered on 18 Jan 2015 at 4:45 am
Since I'm looking for a way to place bets on a rising oil price sometime in the future, take a look at the large Integrated Oil Companies.There have been many articles over the past few years saying that the IOCs are losing out to the National Oil Companies, as cheaply accessible oil is getting harder to find.  To check this, look at these these numbers over the past 10+ years:Volume of oil produced.  Don't look at revenue, which depends on a fluctuating oil prices.  And don't use BOE, which ...

SBC predictions: Elections will be this year 2015 (2H), BEAR market after.
Discovered on 16 Jan 2015 at 7:14 am
In my course of work, I am rewarded directly how accurate I read the future. If I get it right, clients make money and I am rewarded with trading fees.Often, I base my decision on a combination of logic, pattern observation and intuition. Sometimes the trend are extremely obvious, eg we should be buying USD or HKD ever since there are talks from the Fed to hike rates last year; we should have been (and still) borrow in Eur, in which the interest rates is below 1% and buying into higher yieldi...

My stocks portfolio - Dec 2014
Discovered on 9 Jan 2015 at 8:51 pm
My stocks portfolio - Nov 2014
Discovered on 9 Dec 2014 at 9:38 pm
Migrate to Australia
Discovered on 1 Dec 2014 at 9:41 am
Migrating to AustraliaAustralia is country of immigrants.  With large swathes of land, a friendly climate and generally low unemployment rates, Australia is one of the top destinations for many people in Asia who are looking for a place to migrate to.  Whether it is true or not, many people also think that Australia has a generally slower pace of life compared to their own countries.  The standard of living in the cities and the surrounding suburbs are also generally high though racism is not...

Last Stage of Bull Market?
Discovered on 30 Nov 2014 at 7:09 pm
As Sir John Templeton puts it so rightly: "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria."Pessimism is born.After the global financial crisis of 2007-2008, stock markets plummeted and everybody got out of stocks.  People feared a great crash and cashed out.  The worst was feared.  Large financial institutions might have collapsed if not for the bailouts.  Everywhere was gloom and doom.  Nobody actually wanted to enter into stocks.  This would a...

Jim Rogers on Russia and China, Did Not Buy Alibaba, & Run For Your Lives
Discovered on 28 Nov 2014 at 7:04 pm
Malaysia Palm Oil Futures Rise - Hope for Golden Agri and Wilmar?
Discovered on 25 Nov 2014 at 8:31 am
Malaysian palm oil futures rose on 25 Nov 2014, moving away from the one-month low.  It closed at RM2,218 as compared to the 28 Oct low of RM2,187.  Palm oil output rose 2.4% between 1 Nov to 20 Nov compared with a month ago, lifted mainly by a 9% increase in yields in Sabah.  Oil palm is a big thing in Malaysia.Low palm oil prices have caused stocks like Golden Agri-Resources, Bumitama, First Resources, Wilmar, etc to drop in their share price over the past few month.  Export demand is expec...

What Scrooge McDuck can teach PAP ministers, TRE born losers etc
Discovered on 18 Nov 2014 at 2:05 pm
In the 60s and the 70s, I loved getting my hair cut once a month in the Arcade at Clifford Pier. One LKY had his hair there too but the reason why I loved going to the the barber was the comics the shop had. A particular favourite comic hero was Scrooge McDuck, the maternal uncle of […]

Ang mohs rioted meh? Not South Asians? Workers’ orms are multi-racial?
Discovered on 17 Nov 2014 at 3:14 pm
Racist joint-exercise at dormitory?  Khaw Boon Wan had said the exercise was to “test our response capability” so that when “quarrels erupt, leading to fights or worse” the police will know what to do. it was not that obvious that they knew what to do in Little India. Going by the KPKBing by people like […]

Reits and other high yielders fit narrative for the “New Neutral”
Discovered on 16 Nov 2014 at 11:58 pm
BOND KING’S MANTRA LIVES ON William H. Gross may have departed Pimco, but executives at the bond giant have embraced his view that a stagnating global economy will force central banks to keep interest rates low, Landon Thomas Jr. writes in DealBook. … Before he left the firm, Mr. Gross called his insight the “new […]

The Dark Side of vigilantism
Discovered on 16 Nov 2014 at 2:27 pm
My Facebook avater posted something on FB to the effect that “It waz vigilantism that won the Wild West. Without concerned, fed-up citizens taking action, the US wouldn’t have had the rule of law.” Of course, he was talking rubbish. It’s well documented that innocent people were killed by posses of outraged citizens because they […]

Meng Seng would be KPKBing if this happened here
Discovered on 15 Nov 2014 at 3:03 pm
Seriously, I doubt S’poreans would be so tolerant of the u/m. GG would go red in the face and GMS would call this a trespass on our sovereignty. Well at least we know that GMS’s sojourn in HK hasn’t made him as friendly to the Pinoys as the Hongkies he so admires. A COMMUNAL sit-in […]

Education, NS: Korea versus S’pore
Discovered on 14 Nov 2014 at 4:50 pm
Where got liddat here? Even rabid ant-PAP cyber warriors don’t describe such things happening here. The dark side of South Korea’s education model – Although South Korea is renowned for its education system, the consequences of its success should not be overlooked, writes Se-Woong Koo for the New York Times. “Dominated by Tiger Moms, cram […]

Latest US investment philosophy
Discovered on 14 Nov 2014 at 12:58 am
“Buy & hold” is history. “Trading” is in. Locals (before FTs took over SGX and made contra trading even more difficult) and Hongkies have been doing this since time immemorial. The new investors’ philosophy seems to be, rather than pay a financial adviser to let their stocks languish in a buy-and-hold paralysis as the market […]

PAP voter stops paying S&C charges to force out WP/ Oppo supporters shld imitate?
Discovered on 13 Nov 2014 at 2:16 pm
In response to this, the following was posted by someone who it seems voted for the PAP in Aljunied and who refuses to accept the election result and refuses to pay his S&C fees: I am an Aljunied resident living with my parents. Lately, due to some disagreements I had with the TC, I have […]

StanChart bosses apologise to shareholders
Discovered on 12 Nov 2014 at 11:48 pm
Top bosses at Standard Chartered admitted the bank’s performance had been disappointing as they announced plans to close 100 branches in a $400m (£250m) cost-cutting drive to win back support from disgruntled investors. The admission was made as the bank’s top management team began three days of presentations to investors, who have endured a 30% […]

LKY: Why liddat PAP?
Discovered on 12 Nov 2014 at 2:38 pm
I was sadden* when I saw the above. Was it necessary to take photos of LKY standing? When he had to be propped up in such an obvious matter. No-one should be treated like a prop, especially not LKY. There were ways to make sure he could have stood in dignity, if it was tot […]

My stocks portfolio - Oct 2014
Discovered on 2 Nov 2014 at 8:15 am
My stocks portfolio - Sep 2014
Discovered on 1 Oct 2014 at 12:47 am
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 stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
My stocks portfolio - Jul 2014
Discovered on 3 Aug 2014 at 1:09 am
My stocks portfolio - Jun 2014
Discovered on 2 Jul 2014 at 10:12 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...

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...

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...

My stocks portfolio - May 2014
Discovered on 3 Jun 2014 at 12:13 am
My stocks portfolio - Apr 2014
Discovered on 4 May 2014 at 6:20 am
My stocks portfolio - Mar 2014
Discovered on 1 Apr 2014 at 4:42 am
My stocks portfolio - Feb 2014
Discovered on 7 Mar 2014 at 8:51 pm
Newbie's IB Portfolio and New Bond Portfolio - End February 2014
Discovered on 1 Mar 2014 at 1:46 am
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
My stocks portfolio - Jan 2014
Discovered on 6 Feb 2014 at 9:25 pm
Research report on yield securities - SGX
Discovered on 3 Feb 2014 at 8:57 pm
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
My stocks portfolio - Nov 2013
Discovered on 8 Dec 2013 at 9:21 pm
My stocks portfolio - Oct 2013
Discovered on 3 Nov 2013 at 10:29 pm
My stocks portfolio - Sep 2013
Discovered on 5 Oct 2013 at 11:41 pm
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!

My stocks portfolio - Aug 2013
Discovered on 5 Sep 2013 at 10:14 pm
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 ...

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...

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 ...

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...

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 ...

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...

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...

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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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...

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

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


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