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:

April 2014
Discovered on 17 Apr 2014 at 10:13 am
Results Announcement 11 Apr 14 : SPH (Q214 – Feb14) – EPS 5ct (todate 11ct) ; Div 7ct 14 Apr 14 : M1 (Q114) – EPS 4.6ct     STI = 3253.80 (+0.60) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown Hong Leong Fin FY13 (Dec) 15.85 12.00 $2.780 4.317% 17.54 Interim […]

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

SPH – DBSV
Discovered on 15 Apr 2014 at 9:56 am
Hit by one-off payments 2Q14 results were below expectations, hit by lower ad revenues and higher staff bonus payments Declared 7 Scts interim DPS, similar to 1H13 Revised FY14F/15F earnings by +4%/-12%; cut TP to S$4.14, downgrade to HOLD on muted outlook Results miss expectations. This was on the back of lower revenues and higher […]

M1 – OCBC
Discovered on 15 Apr 2014 at 9:44 am
Decent start to FY14; maintain HOLD NPAT met 26% of our FY forecast Still sees moderate earnings growth Limited upside from here   Decent start to FY14 M1 Ltd posted 1Q14 revenue of S$240.2m, though down 1.2% YoY and 13.8% QoQ, it still met about 23.4% of our FY14 forecast. Thanks to an improvement in […]

SPH – OSK DMG
Discovered on 15 Apr 2014 at 9:20 am
Inefficient Use Of Capital Taking off the one-off items, SPH’s 2QFY14 results came in below expectation with SGD51.2m PATAMI (-32.3% y-o-y) on the back of SGD211.6m revenue (-5.7% y-o-y). This was largely on its poor print business and investment performance. While the business generates strong cash flow, we downgrade to SELL as we consider the […]

TELCOs – MayBank Kim Eng
Discovered on 9 Apr 2014 at 7:15 am
Handset subsidies in freefall Maintain NEUTRAL on sector with BUY on StarHub and M1 unchanged. M1 preferred for likelihood of special dividend. Lower handset subsidies for popular models such as Samsung Galaxy S5 and HTC One M8 should see telco margins benefit. Government cut on SIM cards from 10 to three per sub could hurt […]

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

March 2014
Discovered on 31 Mar 2014 at 8:54 am
  STI = 3188.62 (+77.88 for Mar-14) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown HL Fin FY13 (Dec) 15.85 12.00 $2.740 4.380% 17.29 Interim 4ct ; Final 8ct SingPost FY13 (Mar) 6.435 6.25 $1.360 4.596% 21.13 Q1, Q2, Q3 1.25ct ; Q4 2.5ct SPH FY13 (Aug) 27 22.0 $4.200 5.238% 15.56 […]

TELCOs – OCBC
Discovered on 25 Mar 2014 at 9:09 am
4QCY13 results mostly tracking our estimates All largely in line Outlook still muted Yields are bit more decent   StarHub missed our forecast Both M1 and SingTel reported 4QCY13 results that came in within our expectations, while StarHub’s results tracked below forecast. M1′s core FY13 earnings was 3.5% above our full-year forecast and SingTel’s 9MFY14 […]

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

SATS – MayBank Kim Eng
Discovered on 7 Mar 2014 at 7:55 am
TFK at inflection point TFK’s contribution to SATS has been lacklustre since it was acquired in 2010, hampered by the 2011 Tohoku earthquake, rising Sino-Japanese tensions since 2012 and falling JPY. But positive developments are afoot: 1) rise in China visitation numbers to Japan, 2) steady growth in JAL’s international traffic, and 3) expanding customer […]

STEng – DBSV
Discovered on 4 Mar 2014 at 6:31 am
Strong finish to the year but dividend cut a surprise 4Q13 results in line, earnings up 10% y-o-y Strong order wins reported in 4Q13; orderbook at record levels of S$13.2bn underpins earnings visibility Cuts dividend payout ratio to 80%; nevertheless net cash levels remain elevated at S$692m and can be invested for growth in US […]

STEng – OSK DMG
Discovered on 4 Mar 2014 at 5:57 am
Orderbook Hits New High STE’s 4Q13 PATMI of SGD167.5m (+10.0% y-o-y), earned on the back of SGD1.94bn in revenue (+12.1% y-o-y), was slightly below expectation. Its orderbook reached a new high of SGD13.2bn, of which SGD4.3bn is expected to be delivered in FY14. Elsewhere, the outlook for all of its divisions, except land systems, is […]

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

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

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

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

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

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

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

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

Ms. Market
Discovered on 8 Oct 2013 at 10:23 am
This post is rehashed from an old post written many, many years ago.The father of value investing, Ben Graham, likes to describe the market as a person who is always ready to buy or sell you a part of his business, but the problem with him is that he is very emotional. And when I say emotional, I don't mean that Taiwanese actress Liu Xue Hua shedding one teardrop from her left eye over some bloke. (kudos to you if you actually know who is Liu Xue Hua).So what's very emotional? Picture yoursel...

Swatch's Financials
Discovered on 24 Sep 2013 at 1:16 am
Now, in this post, we get into the really nitty gritty details of investing: financials and revenue and margins and numbers and ratios. This is really the bread and butter of stock analysis which is also perhaps the most difficult part for most laypeople. As alluded to in the previous posts, I would usually like to pick up a few important numbers and ratios out of the financial statements. Most of the time, it would give a really good sense of how the company is doing. I have posted in detail...

Swatch's Management
Discovered on 14 Sep 2013 at 1:48 am
Swatch Group came about via a series of mergers around the time of the near death experience of the Swiss watch industry in the early 1980s and was finally helmed by this legendary guy called Nicolas Hayek, a Lebanese who later became a Swiss. His kids, Nick Junior and Nayla Hayek - a brother and sister tag-team, run the Swatch Group today. Nick Senior passed away in 2010 but he created a lasting legacy by rescuing and reinventing the whole Swiss watch industry. Nick started his own manageme...

Patience
Discovered on 5 Sep 2013 at 11:33 am
"Patience is a Virtue."I was googling around for this topic and as usual, Wikipedia came to the rescue. Sadly, it's still loss-making because donation somehow doesn't work on the internet. Google should just buy them out.So what did Wiki says about Patience? It's actually part of the seven heavenly virtues which are counterparts of the more famous seven deadly sins, protrayed in the cult movie starring Brad Pitt and promoted Kevin Spacy and Gwyneth Paltrow to stardom. Patience is described in...

Choose Stocks Like You Would Choose Friends
Discovered on 21 Aug 2013 at 10:58 pm
I attended a wonderful class gathering a few weeks ago. It was our 20th year since graduation. Gosh, time flies (and I am revealing too much about my age here :). We were teenagers then and now mums and dads. In a few years, our kids would be teenagers themselves. How would we advise them how to choose their friends? How did we ourselves end up with good friends? Well, a lot was actually just fate. We were classmates. We didn't really get to choose. Even if we could, we were young and innoce...

Happy National Day!
Discovered on 9 Aug 2013 at 12:19 pm
Singapore turns 48! We have come a long way, though still young as a nation. I would say that Singapore had a few hiccups in the last ten years or so but nothing insurmountable. There is a lot of hope that things will be better.The timespan of 48 years is a also a good period to think about investments. After all, we don't live forever and companies don't stay as they are forever. A lot of companies don't survive for 48 years. Great companies are built to last. Some of them can do well for 30...

The China Conundrum
Discovered on 19 Jul 2013 at 1:20 am
I was also quite positive on the China equity story earlier on, closer to the time of the inception of this blog, before the Beijing Olympics. But after 5 years, I now realized it could be a big mistake to buy China because it is a country that has lost something important and it could take a long while to find it again. There isn't a good single word to describe this, is it morality? Or the good in mankind, or a sense of righteousness? Whatever. This is not just about cutting queue and steal...

Trees, Mass Destructed, Masks and Madness - 3M
Discovered on 25 Jun 2013 at 1:11 am
Last week was hell week in Singapore. For the global folks who are uninformed, Indonesia burned down Sumatra's virgin forests to make way for crop plantation and resulted in drastic air pollution as the haze from the smoke invaded half of South East Asia, with Singapore and West Malaysia most adversely affected. For those of us in Singapore, it really felt like living in hell, right? We were breathing smoke, our clothes and food smelled like ashes and we were queuing to reincarnate. Well,...

2013 High Dividend Stocks in Singapore - Part 2
Discovered on 14 Jun 2013 at 1:49 am
This is a continuation of a previous post on dividends.Finally, here is the long awaited part 2 of the list of high dividend stocks listed on Singapore's SGX. The criteria/factors used to screen these names have not change much over the years. Although I did tweak the numbers eg. the cut off for dividend in the past could be 4-5% but now it's 3.5% bcos you won't find enough names using 4-5% dividend. If you study the previous lists carefully, you would also notice that about 20-30% of the nam...

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

Does your Insurance Saving Plans (Endowment) give you 3 to 5% returns?
Discovered on 19 Apr 2014 at 8:03 pm
Insurance companies says that you can achieve higher savings returns from endowment, that it is a long term savings strategy. Are they as what they touted to be? Insurance savings plans or Endowment plans are plans designed by insurance companies with an objective to provide and meet long term saving goals. The assured (in this [...] Related posts: Myth on Endowment Policy Return Buying Insurance, Buying Medishield, Buying Integrated MediShield Plan Knowing is not enough!!! (2)

曾淵滄教路 16.04.2014- 炒滬港直通車 揀港特色藍籌
Discovered on 19 Apr 2014 at 6:48 pm
Why do gd? Gd for yr health leh ))
Discovered on 19 Apr 2014 at 4:30 pm
Juz look at the gd health of LKY and Dr M. Seriously there was a very elderly who died last yr I think. She was helping others into her 90s. I wish I could remember her name. And honour her in this post. The Greek founders of philosophy constantly debated how best to live the […]

Clearing financial matters
Discovered on 19 Apr 2014 at 12:04 pm
Its 1 week till my first paper, but money doesn’t care does it? So here’s a brief overview of what I have been up to for the past week. 1) closing down of my trading adventures There are few reasons why I’m not interested in finding out more trading activities which can be summarized in [...] Related posts: Market View 2 September 2013 How to Trade Profitably? Straits Times Index trading in consolidation for further downtrend movement.

Save money by having restaurant quality ramen at home!
Discovered on 19 Apr 2014 at 10:29 am
This blog post is dedicated to a kindred spirit, SMOL. I love eating Japanese style ramen. A bowl with hot soup is to die for. However, it is not cheap to have a bowl of Japanese style ramen in Singapore and I am sure a huge portion of what we pay... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Philosophy of Spending Money
Discovered on 19 Apr 2014 at 10:12 am
This is a departure from the usual blog posts on how to save money. It discusses where to spend money. By knowing where to spend money, you will also know where not to spend money or to spend less money, leaving you with more money saved. Instead of following a needs-based approach in spending money [...] Related posts: Emmotional Spending – A.K.A Retail Therapy How do you spend your money? SINGAPORE STOCKS: VISION, MISSION & VALUES

Retail Investors’ Behavior in the Market: Selling their best winning stock, Re-investing into other Not-So-Best stocks or Holding on to their worst losing stocks over market cycles???
Discovered on 19 Apr 2014 at 8:21 am
Just For Thinking … Over the last few years of reading so many investing blog postings and chatting in cboxes and forums; Uncle8888 has realised many retail investors are more likely to sell their best winning stocks when market turns bearish and then later “re-invest” into other stocks as it is not easy to buy back their best winning stocks [...] Related posts: Selling stocks by the Millions and Billions Property Selling Tip #4: Seller Stamp Duty Mega-Market-Cycle Stocks Investing in 55 Sty...

Market Outlook by Ronald K - An Eventful Day
Discovered on 19 Apr 2014 at 8:10 am
What a superb session today. The sharing of how $48,000 was made with LIVE account demonstration and the sharing of Hidden Selling, Fake Breakouts, Flush and of course the most important market outlook and the stocks to watch out for.http://stockmarketmindgames.blogspot.sg/2014/04/cacola-whopping-48000-made-during-contra.htmlFrom bottom fishing in Capitaland, to my wider spectrum prediction on the bullishness in STI and to all my Contra trades with track and trade record, it was definitely an...

Suntec REIT: Still Attractive to Chase the Price?
Discovered on 19 Apr 2014 at 8:00 am
Suntec REIT has been running strong lately (a whopping 16% gain since the the recent low in Dec 2013) but currently facing a resistance at about $1.74. So, is it good to chase Suntec REIT at the current price? Let’s … Continue reading →

Sabana Reit: Post mortem examination
Discovered on 19 Apr 2014 at 5:52 am
I took a hard look at what analysis and assumption was made, and what was missed. I invested then due to the high yield, and believe the risks were manageable. Now, post mortem examination will allow me to identify gaps 1) Weak sponsor. It should matter only during crisis, while the strong sponsor will make [...] Related posts: Sabana REIT: 2Q 2013 2.4c DPU. Sabana Reit: Its time to say goodbye Sabana REIT: 3Q 2013 results and outlook.

Keppel Corporation 1QFY14 Earnings Announcement
Discovered on 19 Apr 2014 at 5:48 am
Keppel Corporation released its Q1FY14 financial results. Key highlights as follows: 8.6% YoY rise in revenue to S$3b and a 5.1% fall in net profit to S$338.7m in Q1FY14. Excluding one-off gains, net profit in Q1FY14 was largely in line with that in Q1FY13. Operating margins of 14.6% in Q1FY14, or about 14.2% excluding the sale of [...] Related posts: Keppel Corp – CIMB Research Better To Be An Academically Uninclined Female In Singapore? My stocks portfolio – Apr 2013

Keppel REIT Breakout
Discovered on 19 Apr 2014 at 3:02 am
On the last trading day before Good Friday Holiday, Keppel Reits’ price jumped from 1.19 to 1.24 ( or 3.7% higher) with elevated trading volume, forming a clear and strong break out.  Before the breakout, the counter has seen price weakness together with subdued trading volume ever since Oct 13, when Temasek sold off its shares. (See previous [...] Related posts: Keppel REIT: Continue to Fall! Keppel Corp: Rebound from here? Keppel Land: Start of a Down Trend

PACC Offshore Services Holdings Ltd
Discovered on 19 Apr 2014 at 2:53 am
PACC Offshore Services Holdings Ltd (“Posh”) is offering 252,020,000 shares at S$1.15 each. The prospectus is here. The international offer will have 212 m shares and the public offering will be 40m shares. Separate from the offering, Cornerstone investors have subscribed for 85.605m shares. Depending on the demand, there is an over-allotment option of another [...] Related posts: PACC Offshore Services Holdings IPO stocks Kim Heng Offshore & Marine Holdings Limited Kim Heng Offshore & Marin...

Amazon.com (AMZN) Earning Play
Discovered on 19 Apr 2014 at 2:45 am
Earning Release: April 24 AMC (Thursday). Objective: Directionless. Sell IV. Option Strategy: Iron Condor: AMZN Jun14 285/290/360/365 (Note: Factor in 10% Gap up and Gap Down) Original Post by Marubozu @ My Stocks Investing Journey.   AMZN Fundamental AMZN Earning AMZN Chart … Continue reading →

F5 Network (FFIV) Earning Play
Discovered on 19 Apr 2014 at 1:49 am
Earning Release: April 23 AMC (Wednesday). Objective: Directionless. Sell IV. Option Strategy: Iron Condor: FFIV May14 95/100/120/125 Original Post by Marubozu @ My Stocks Investing Journey.   FFIV Fundamental FFIV Earning Estimate FFIV Chart FFIV IV Chart FFIV IV Risk Profile Option … Continue reading →

QT Vascular IPO – upcoming IPO
Discovered on 19 Apr 2014 at 12:14 am
Recently, the IPO fever seems to heat up again. While there are 2 upcoming IPOs, QT Vascular and PACC Offshore Services Holdings (POSH); the former seems to be down-played due to the lack of advertising and significantly smaller size. Introduction QT Vascular produces devices to treat diseased arteries in the heart and elsewhere, aims to develop new [...] Related posts: SGX Stock Update: Biosensors declares dividend payout of USD$0.02 Singapore Permanent Portfolio Update – Aug 2013 Eurosport...

OCBC 360 Account Offers Incredible Interest Rates of over 3%
Discovered on 18 Apr 2014 at 10:40 pm
Recently, I posted about opening a DBS multiplier account that offered interest rates of over 2% depending on your cashflow with the bank. It now seems that OCBC has up the competition by offering a similar account that offers interest rates up to 3.05% . OCBC 360 account seems attractive as the bonus interest rates [...] Related posts: OCBC Bank – Bonus Interest Rate of Up to 3.05% Earn 3% more Bonus Interest with OCBC 360 account Bank Promotional Offers for Higher Interest Rates

"Apr 14" – SG Transactions & Portfolio Update"
Discovered on 18 Apr 2014 at 9:24 pm
 No.  Counters No. of Lots Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. FraserCenter Point Trust 30 1.795 53,850.00 21.0% 2. Vicom 6 5.95 35,700.00 14.0% 3. SembCorp Ind 5 5.40 27,000.00 11.0% 4. SPH 5 4.13 20,650.00 8.0% 5. Ascott Reit 15 1.235 18,525.00 7.0% 6. FraserCommercial Trust 14 [...] Related posts: Croesus Retail Trust IPO SINGAPORE Stocks Earnings Announcement Dates (14/05/13)! SINGAPORE Stocks Earnings Announcement Dates (21/07/13)!

Top 3 Savings Account In Singapore
Discovered on 18 Apr 2014 at 8:14 pm
As the competition for deposits heats up among the banks, it seems the consumer is the one benefiting from it. Based solely on the criteria of advertised interest rates and not taking into consideration banking hours, availability of ATMs, service level, etc. Number 1: OCBC recently launched the 360 Account that pays up to 3.05% [...] Related posts: OCBC Bank – Bonus Interest Rate of Up to 3.05% OCBC 360 Account Offers Incredible Interest Rates of over 3% More bucks from your spending: Credi...

My Investment Stock Portfoilo: Part 2
Discovered on 18 Apr 2014 at 7:09 pm
I have been redeploying my capital to purchase more stocks; stocks which I believe should be bought at this time. There has been a lot of chatter on which stocks would be the next privatisation targets. While some of my stocks actually are under this list of potential “privatisation targets”, my motivation of buying these [...] Related posts: Potential Privatisation Stocks: Property stocks Biosensors International Group (“BIG”) stock: the next BIG privatisation play? Of SGX, Penny stocks and...

曾渊沧博士-股市资讯专栏 17.04.2014- 局势明朗化;传统蓝筹股重返舞台中央
Discovered on 18 Apr 2014 at 6:17 pm
OCBC Bank – Bonus Interest Rate of Up to 3.05%
Discovered on 18 Apr 2014 at 6:15 pm
CNA published an article on competition for deposits among banks in Singapore. The bonus interest rate of 3.05% p.a. caught my attention because it is way higher than current interest rates. I did a search on Google and found the following media release from OCBC: Earn up to 3.05% p.a. with enhanced OCBC 360 Account [...] Related posts: Earn 3% more Bonus Interest with OCBC 360 account Bank Promotional Offers for Higher Interest Rates Double Edged Sword – A.K.A The Credit Card.

Think up another “clarification”, general
Discovered on 18 Apr 2014 at 4:15 pm
(Or “The lies Indon officials tell”) “Wasn’t me, was an impostor,” the head of the Indonesian Armed Forces should have said. Or, “I no speak English”. LOL Some 48 hours after his interview with Channel NewsAsia aired on Tuesday, the head of the TNI deaplogised an apology he made during the interview. General Moeldoko said […]

Hear the say or say the hear ?
Discovered on 18 Apr 2014 at 10:12 am
Past week back while walking with a friend after a good old lunch . Friend : Awaiting for news from tharman regards to global economic recovery policies  in IMF.  I don’t think the economic will be good in the upcoming . Me : Where do you hear the news from ? Friend : From one [...] Related posts: Don’t judge how I spend my money, until you’ve lived My Life Preparing for the worst Hotel Properties Limited stock privatised today, which stock is next?

King Wan Corporation Limited : More Upside Potential ?
Discovered on 18 Apr 2014 at 9:26 am
This counter is especially interesting. I am still waiting for their news on the IPO listing of Kaset Thai International Sugar (KTIS). King Wan have not make a official announcement regarding the IPO yet. The latest news I seen is the link here – 4th April http://www.bangkokpost.com/business/news/403301/ktis-to-build-more-plants-with-ipo-cash I’m not too sure how much this source [...] Related posts: SG Value Fund NAV Update April 2014 Why Valuemax IPO closed at just 2.93% higher on its firs...

Sabana REIT: Should I sell at a loss?
Discovered on 18 Apr 2014 at 8:19 am
This blog post is in reply to a reader's comment: here. Hi Kim, You have asked one of the most difficult questions ever. :) I wouldn't buy at the current price because I believe that Sabana REIT should offer a bigger premium in distribution... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SmartPassiveCashFlow: Launched A New eBook For Your Reading!!
Discovered on 18 Apr 2014 at 7:55 am
April 18, 2014 · 0 comments Dear Friend, I have launched a new eBook for your reading. It is available at http://www.seehowitrade.com Do Check it out!! Cheers, Dave Related posts: SmartPassiveCashFlow: My Light Shines Through The Darkness SeeHowITrade Trading Site Officially Launched!! SmartPassiveCashFlow: A Good Trade is Hard to Come By?

Union Steel Holdings – Buy Recommendation
Discovered on 18 Apr 2014 at 4:17 am
Today, I am going to initiate a buy recommendation on Union Steel Holdings Limited. I have recently entered into this company at a price of $0.105 for 9 lots, due to limited free cash. I like to put my money where my mouth is, and leave it for you to decide whether you want to enter [...] Related posts: Nam Lee – A Bargain Issue? Figtree Holdings IPO: my analysis Telechoice International–A dividend fixed deposit?

Yummy yum yum (60c) breakfast.
Discovered on 17 Apr 2014 at 8:07 pm
Happy Good Friday! This is my yummy western style breakfast! Looks good! Tastes good! Kids, don't do this at home although I am sure you would love it. Cost? Er... 60c, maybe. Related posts: 1. Gourmet sandwich. 2. Have a break! 3. What's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ST’s right (((((
Discovered on 17 Apr 2014 at 7:39 pm
ST wrote an editorial denouncing the ranting against FTs especially the attack on the Filipinos’ planned do. [Update on 20th April 2014 at 6 am:Curb the anti-foreigner ranting ST editorial] I agree with ST. Last yr I wrote “Pinoys been doing it legally for yrs, so why the rants now?” and I reproduce it below. BTW, […]

Dr Chan Yan Chong-Commentary 17.04.2014 - Uncertainty Allayed; Traditional Blue-Chips To Be Back In Spotlight
Discovered on 17 Apr 2014 at 6:12 pm
Croesus Retail Trust: AK makes a suggestion.
Discovered on 17 Apr 2014 at 10:01 am
This blog post is in reply to a reader's question on Croesus Retail Trust: here. Hi Capricon, Not that I know of, no. Of course, I could have missed it. -.-" I know the management is caught in a situation where they really want to seize... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Offshore marine firm POSH raises $389 mil in Singapore IPO
Discovered on 17 Apr 2014 at 8:46 am
Ezion - A Small Timely Trade
Discovered on 16 Apr 2014 at 10:05 pm
A student just made $ in Ezion when she went longed 2 days ago and sold this morning when it gap up. Although not big lots but it gave her confidence and conviction on her next trade. The thing is how do we gap when a stock is about to gap up so that it gives us confidence to enter a trade at the before it actually happens? Just like the recent Capitaland and CapitaMallAsia, both gap up and fortunes were made. Go have a think about it!If you want to learn trading and speculation from me, from...

CapMallsAsia - A Whopping $23,000 within Contra
Discovered on 16 Apr 2014 at 9:27 pm
Yet another amazing trade by another student by just getting the job done!! Just when the previous student made a whopping $48,000 on Cacola, this very next student made $23,000 within Contra on CapMallsAsia. I am absolutely honored and proud to be their mentor for such amazing trades. I hope my stories would inspired them to reach further heights and surpass me one day. I want to mentor all of my students and so next week I shall have a rock ass event to kick start their trading juices!!http...

Sabana REIT: 1Q 2014 DPU 1.88c.
Discovered on 16 Apr 2014 at 7:10 pm
Although I expected a decline in DPU from Sabana REIT, the decline to 1.88c is rather drastic. Based on a unit price of $1.08, this gives us an annualised distribution yield of only 7.05%. Remember I made an assumption in an earlier blog post on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄專欄 17.04.14:盲目入市中伏難免
Discovered on 16 Apr 2014 at 4:51 pm
Great responses to PM’s, minister’s BS
Discovered on 16 Apr 2014 at 4:11 pm
I’m sure you read about the lunch PM had with the FT. PM was going thru dad’s Hard Truths as interpreted by a faithful, dutiful son. Did you notice this? I fight off an urge to reach across and grab a couple of his raspberries. Under most circumstances, this would be a faux pas but […]

IBM Earning Play
Discovered on 16 Apr 2014 at 8:27 am
Earning Release: April 16 AMC. Objective: Directionless. Sell IV. Option Strategy: Iron Condor: IBM June14 175/185/210/220 Original Post by Marubozu @ My Stocks Investing Journey. IBM Fundamental  IBM Earning Estimate IBM IV Chart IBM IV Risk Profile

Google GOOGL Earning Play
Discovered on 16 Apr 2014 at 8:14 am
Earning Release: April 16 AMC. Objective: Directionless. Sell IV. Option Strategy: Iron Condor: GOOGL June14 490/500/600/610   GOOGL Fundamental  GOOGL Earning Estimate GOOGL IV Chart GOOGL IV Risk Profile     Original Post by Marubozu @ My Stocks Investing Journey.

Singapore Property News This Week #151
Discovered on 16 Apr 2014 at 7:53 am
Residential Condo project The Sorrento to be launched at Easter weekend The freehold five-storey condominium project The Sorrento (the former Regent Gardens) by Allgreen Properties at West Coast Road will be launched on the Easter weekend of April 19. The indicative pricing was between $1,380 and $1,600 psf. The project is on a site of […]

Kepland: Trend Reversal
Discovered on 16 Apr 2014 at 7:33 am
Kepland has finally bottomed up and start a trend reversal to uptrend after breaking the 200D SMA resistance. The trend reversal is confirmed by the breakout of Triple Bottoms. Kepland has formed a “Higher High, Higher Low” uptrend pattern. Original … Continue reading →

SGX: Facing Tough Resistance
Discovered on 16 Apr 2014 at 6:17 am
SGX is currently facing a very tough resistance at $7.00 (Round Number Psychological Resistance). This $7.00 is also the support turned resistance & down trend channel resistance. SGX probably will trade within a Rectangle and range bound between $6.70 & … Continue reading →

Cacola - $48,000 Fully Secured
Discovered on 16 Apr 2014 at 12:37 am
After selling his shares at 0.037 and securing his whooping profits of $48,000 in 2 contra days, Cacola is now suffering reactions. While the rest are waiting and looking for opportunities to go long, he has already moved on to something else, scouting for this next big trade!http://stockmarketmindgames.blogspot.sg/2014/04/cacola-whopping-48000-made-during-contra.htmlhttp://stockmarketmindgames.blogspot.sg/2014/04/cacola-panic-selldown-button.htmlToday, Charisma energy had a bigger sell down ...

Commonwealth Towers: Average price $1,600 - $1,700 psf?
Discovered on 16 Apr 2014 at 12:10 am
After so many rounds of cooling measures, the heat is still on if the response to Commonwealth Towers is anything to go by. Apparently, more than 1,500 people turned up at the preview. This is going to be one densely populated piece of land. The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

FREE Seminar by Invitation Only
Discovered on 15 Apr 2014 at 10:43 pm
I just captured some essence of the Top Volume that I need to reveal and shared on a seminar. If you want to feel the success of making $48000 in 2 contra days, then this seminar is for you. And if you want to receive our SMS alerts, I will explain how in this seminar.http://stockmarketmindgames.blogspot.sg/2014/04/cacola-whopping-48000-made-during-contra.htmlhttp://stockmarketmindgames.blogspot.sg/2014/04/rh-petrol-gas-super-intraday-call.htmlThis FREE seminar is based on first come first se...

曾淵滄專欄16.04.14:滬港通肯定有價值
Discovered on 15 Apr 2014 at 4:51 pm
Why SMC should act against PAP MP
Discovered on 15 Apr 2014 at 3:18 pm
One day after foot-in-mouth* and eye specialist Dr Lim Wee Kiak retracted his criticisms of M’sia’s handling of the MH 370, Reuters reported  Malaysia’s government has begun investigating civil aviation and military authorities to determine why opportunities to identify and track … MH370 were missed in the chaotic hours after it vanished, two officials said*. […]

Who Manages the Land Supply in Singapore?
Discovered on 15 Apr 2014 at 7:52 am
By Paul Ho (guest contributor) Have you ever wondered how Singapore’s land supply is managed? Who controls the largest land supply? You often see that the URA and HDB launches land for sale – do they own this land? In order to shed light on this topic, it is important to understand the role of […]

Charisma Energy - What A Close Shave
Discovered on 15 Apr 2014 at 4:09 am
What a super close shave in Charisma Energy. My cut loss and my analysis was right, there was indeed a fake breakout to lure the public long go long and then selling as we see today! Imagine if I would have more emotions, I would have suffer more losses!http://stockmarketmindgames.blogspot.sg/2014/04/charisma-energy-got-caught-on-fake.htmlOn the other hand, RH PetroGas continued to breakout higher after our SMS call!! All students will be entitled to this FREE SMS once they sign up.http://sto...

Hankore - Mass Panic Selling
Discovered on 15 Apr 2014 at 1:07 am
Hankore experienced massive heavy selling earlier! It seemed as though everyone was throwing! On March 25th, when the price was 0.145/0.146 where I started warning of hidden selling on my blog LIVE for all to witnessed. At that time, the price was rising and it was on it's way up where the BBs would then sell to the unwary public who thought the price would trend up higher. However, on that day when I posted, not many would believe the power of hidden selling as they delighted on the good new...

Cacola - The Panic Selldown Button ?
Discovered on 14 Apr 2014 at 11:15 pm
After pocketing $48000 yesterday, selling his holdings at 0.037 right at the very peak as shown in the minute chart while enjoying his time now waiting for his next big trade, my student is now relaxing and reminiscing the thrill of selling his holdings at the peak while the retailers were buying! Basically he avoid a huge reaction which would have wiped out his profits into half. He was able to replicate my success and teaching and get the job done all by himself. Success can be replicated b...

Capitaland - Bottom Fished Before The Big News Today
Discovered on 14 Apr 2014 at 9:16 pm
On March 20th, I made a post in the forum and on my blog that Capitaland's actual bottom was soon. At that time the stock was crashing and everyday it's dipping down like nobody business No one would believe what I said because to fish the actual and real bottom, one would need to have the guts and conviction to go long at the BOTTOM and not buy when it breakouts.http://stockmarketmindgames.blogspot.sg/2014/03/capitaland-recovered-to-272.htmlToday the news was released and Capitaland gap up t...

STI - Continuous UP!
Discovered on 14 Apr 2014 at 8:09 pm
What a powerful gap up in STI after my post yesterday!! I will share more during tonight's preview. Don't miss it because it will never be replicate again!http://stockmarketmindgames.blogspot.sg/2014/04/sti-wider-spectrum-bullishness-rectified.htmlRonald K - Market Psychologist - The Big Speculator

RH Petrol Gas - A Super Intraday Call
Discovered on 14 Apr 2014 at 6:13 pm
Yesterday was a relaxing day for me, as usual, I went for lunch then high tea. However in the morning, my PA started sending out SMS on RH Petrol Gas and oh boy, after the SMS and then after a few hours passed by, the stock broke out from 0.625-0.63 to a high of 0.66! $$ was made again within Contra for those who took action! This SMS is FREE for all students and for those who sign up for the course. It provides an alternative for those students who are busy at work and have no time for chart...

Impt of Indonesia to Jardine’s and other local listcos
Discovered on 14 Apr 2014 at 5:03 pm
Inonesia was the largest revenue generator for many Singapore-listed companies in their most recent financial year, according to Singapore Exchange (SGX). One in 10 stocks listed on SGX reported revenues specifically from Indonesia. Of those 80 companies, slightly more than a quarter reported Indonesia as the country that accounted for their largest revenue share. This […]

曾淵滄專欄15.04.14:滬港通細節待釐清
Discovered on 14 Apr 2014 at 4:47 pm
Cacola - A Whopping $48,000 Made During Contra
Discovered on 14 Apr 2014 at 8:32 am
If I tell you I found the Holy Grail in Contra trading, you may not believe me. But to tell you the truth, yes I found it and it's simple and not difficult as you can see my previous posts with trade records below. These were just a snippet and I did not update after that.http://stockmarketmindgames.blogspot.sg/p/the-art-of-contra-trading.htmlToday, about 5:15pm, I received an SMS from a student. Oh my god, read for yourself $48000 in 2 days? I am stunned! After my course and after my 1 on 1 ...

Singapore Property Weekly Issue 151 now out
Discovered on 14 Apr 2014 at 8:01 am
In this week’s issue: Who Manages the Land Supply in Singapore? Singapore Property News This Week Resale Property Transactions (March 26 – April 1) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 151

CapitaMalls Asia: Being offered $2.22 a share.
Discovered on 14 Apr 2014 at 7:18 am
I have been a CapitaMalls Asia shareholder since middle of 2011 and when I found out that the parent is offering to delist the company, I had mixed feelings. The positive is that at $2.22 per share, the offer price is fair. The NAV/share is $1.84.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

STI - Wider Spectrum Bullishness Rectified
Discovered on 13 Apr 2014 at 8:29 pm
The Dow was down 138 points last Friday however there were simply no effect on STI. IT just continued it's bullish run and breaking all barriers that was obstructing it's way. Ever since I made the wide spectrum outlook on March 18th, almost a month till today, STI had been continuing to rocket like a steroid!http://stockmarketmindgames.blogspot.sg/2014/03/sti-wider-spectrum-outlook.htmlI am having am market outlook seminar very soon and it's based on first come first serve only by invitation...

曾淵滄專欄 14.04.14:怎揀滬港通受惠股
Discovered on 13 Apr 2014 at 4:50 pm
V.V. good at solving “paper” problems, so what? More peanuts?
Discovered on 13 Apr 2014 at 3:20 pm
We are Number 1 at problem-solving skills*, according to the results of international tests. Singapore and South Korea were top in tests taken by 15-year-olds. These problem-solving tests were taken at the same time as the Pisa tests, which compare how well pupils perform in maths, reading and science. So what? A 5-year boy, from […]

CPF Money Interest Rate
Discovered on 13 Apr 2014 at 12:00 pm
CPF Money Interest Rate We present CPF Money Interest Rate to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore CPF Money Interest Rate for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. CPF Money Interest Rate (01 Jan 2014 to 31 Mar 2014) (reviewed quarterly)

Midas - Made $$ Before Course
Discovered on 13 Apr 2014 at 7:11 am
Just received an email from student that he made $$ in Midas before the May course. Nothing to say but great job by executing and getting the mission accomplished. More to come very soon. A series and line up of events is on the pipeline. The feeling of making $$ before the course is definitely good, wait till you have a streak of winnings, I don't know by that time how would you feel!Ronald K - Market Psychologist - The Big Speculator

曾淵滄教路 09.04.14 雙向直通車 成事機會大
Discovered on 12 Apr 2014 at 7:40 pm
Looking for value for $ when studying in US?
Discovered on 12 Apr 2014 at 4:48 pm
Check out this link http://www.economist.com/node/21600212 It tells you which colleges offer US students the best, worse returns for the fees they pay. While not directly applicable for S’poreans, some sign-post is better than none. Check out Harvey Mudd, a liberal arts college of science, engineering, and mathematics. Seems to offer bang for the buck. Whether […]

Art of Precision Timing by Ronald K
Discovered on 11 Apr 2014 at 7:52 pm
Registration is almost full  according to the organizer. If you are interested in focal point precision timing in mandarin, kindly register for this seminar.http://www.eventbrite.sg/e/-ronald-k-tickets-10935489343?aff=es2&rank=1&sid=c27d7b3abede11e3999b1231390f9522http://stockmarketmindgames.blogspot.sg/2014/04/poems-20-stock-challenge-external.htmlRonald K - Market Psychologist - The Big Speculator

末日博士麦嘉华:2014年股市崩盘将比1987年更严重
Discovered on 11 Apr 2014 at 7:22 pm
Iskandar: First gd news in 2014
Discovered on 11 Apr 2014 at 4:08 pm
Last yr M’sia and Johor shot themselves and investors by imposing levies, restriction on property buyers in Iskandar. This blog has been always sceptical about the rhetoric of govt co-operation on Iskandar. If both govts can work in training in skilled workforce, Iskandar will be a success. But they still on talking about co-operation.. But […]

GEO Energy - A Memorable Loss
Discovered on 11 Apr 2014 at 8:31 am
From Jan 24th this year I longed 500 lots on Geo Energy. At that time, I thought Geo was about to move and confidently whack in big lots so as not to miss the opportunity. At 27th Jan, 3 days later, I took a 3 pip lost. I went in at 0.325 and 0.33 and cut loss at 0.315. The cut loss was tight but due to the difficulty level of this counter.After I cut loss, I thought I made a mistake as the stock showed some kind of renewed strength. Once again, my confidence revived and this time round, on J...

Mirach Energy - Another Run
Discovered on 11 Apr 2014 at 2:06 am
It looks as though Mirach could have another run. However do note this stock is not the easiest stock to trade. It's volatile, flush and whippy.Ronald K - Market Psychologist - The Big Speculator

BreakTalk - Super Heavy Supply
Discovered on 10 Apr 2014 at 7:14 pm
After analyzing the chart of Breadtalk I discovered that the supply was pretty huge with a tight stop loss if one were to short it. It seems as though the demand for this counter has been worn out with no no fresh buyers. In the near term, I am bearish.Ronald K - Market Psychologist - The Big Speculator

曾淵滄專欄 11.04.14:炒大折讓H股 情不再
Discovered on 10 Apr 2014 at 4:51 pm
NTUC: What Devan Nair got wrong
Discovered on 10 Apr 2014 at 4:49 pm
The NTUC has a clown cabinet minister and its own MPs within the PAP.The last time it approved of a strike was decades ago (2 Jan 1986). The PAP govt frowns on strikes, and NTUC has to be constructive, and nation-building, like the local media. The PAP govt knows best leh. Once upon a time […]

LIVE Dissection and LIVE Trading with Ronald K - Artivision, Charisma Energy
Discovered on 10 Apr 2014 at 6:17 am
Had a very last minute LIVE Dissection and LIVE Trading today and thanks to those who came and listen today. I apologized the last minute thing but today market is very exciting and I have to share and speak something today. I can't control when the market is exciting or boring but today is definitely the day for sharing it LIVE because there are big movements like Albedo and Artivision that were not to be missed.On March 31st, I remembered blogging on a fake breakout and supply present in Ra...

1 on 1 Coaching by Ronald K
Discovered on 9 Apr 2014 at 8:58 pm
This student just joined my course recently. However he feels he wanted some more private and extra to increase and improve his skill in the shortest amount of time and so he went on to sign up my 1 on 1 coaching at $2000 per hour.http://stockmarketmindgames.blogspot.sg/p/personal-coaching.htmlSo I went on to coach him 2 days back on Tues and like yesterday and today, he made substantial returns not only in Artivision but also in SinoConst. I will introduce him in the next sharing session and...

STI - Gap Down
Discovered on 9 Apr 2014 at 8:19 pm
While the Dow was up with 181 points last night, STI gap down today!! Was there some kind of conspiracy or what? Or should we view the market in terms of supply and demand? I believe we should see the market as a game of emotion and deception!Ronald K - Market Psychologist - The Big Speculator

曾淵滄專欄 10.04.14:盈大急跌所為何事
Discovered on 9 Apr 2014 at 4:51 pm
Singapore Property News This Week #150
Discovered on 9 Apr 2014 at 8:32 am
Residential Private home and HDB resale flat prices decrease in Q1 The government’s flash estimates showed that prices of private homes and HDB resale flats declined in 1Q 2014. This is expected to continue for the rest of the year, mostly due to the cooling measures and increasingly competitive pricing by developers. Resale flat prices’ […]

Charisma Energy - Got Caught on Fake Breakouts
Discovered on 9 Apr 2014 at 4:08 am
I am unusually upset with myself today for a fatal mistake I made in the morning. 9:45am I went to bought 2000 lots of charisma energy and in within 3 minutes, there was a superb heavy influx of buying and by 9:50am, the price was already 0.06/0.061!! At that point of time, greed got the best of me and I decided to hold for sometime for a bigger swing. Early afternoon, I could no longer wait, I went on to cut loss on 1 pip and made a loss of $2000!! The price came back to where I longed. It w...

Tea with Vic: Transferring funds from OA to SA?
Discovered on 9 Apr 2014 at 12:40 am
This is a guest blog that originated as an email from a reader, Vic, who would like to share his concerns with regards to the transfer of funds from OA to SA: I was quite alarmed by the 34 year old who transferred all his funds in his OA to his... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AusGroup - $15k Profit
Discovered on 8 Apr 2014 at 11:15 pm
Student just finished his $15k trade on Ausgroup. Ausgroup gap up today and he sold right at the peak at 0.48!!! Entry was 0.315. To make big $$ is to do swing trade and I got to respect his patience for it.Ronald K - Market Psychologist - The Big Speculator

EuroSports Gbl - Nice Breakout
Discovered on 8 Apr 2014 at 9:55 pm
Eurosports has a nice breakout today. It seems as though some good news is in the pipeline. This breakout looks real and not a fake one. More upside possible. We shall watch.Ronald K - Market Psychologist - The Big Speculator

Stock Operation Preview - April 15th 2014
Discovered on 8 Apr 2014 at 7:38 pm
If you love trading, don't miss next week's preview. I will show you some powerful secrets like hidden buying/selling, fake breakouts and fake breakdowns with trade records done. Finally, I will show you what's wash sales all about and how to scan good stocks in less than 5 seconds.Preview Date: 15th April 2014,Time: 7.00pm to 8.30pmVenue: I will instruct you in the form of emailContact Ronald K at [email protected] with the following details.Subject: Attending Ronald K "The Stoc...

曾淵滄專欄:08.04.14:雙底回升關鍵水平
Discovered on 8 Apr 2014 at 4:47 pm
Think You Can Profit From Your Home? Think Again
Discovered on 8 Apr 2014 at 8:31 am
By Property Soul (Guest Contributor) Since 10 March 2014, the Housing Development Board only accepts valuation requests from resale flat buyers or their property agents after the granting of the Option to Purchase by the sellers. This Revised HDB Resale Procedure is believed to encourage buyers and sellers to focus their price discussions on the […]

A car loan is different from a home loan.
Discovered on 8 Apr 2014 at 6:18 am
The Singapore government came up with many rounds of cooling measures not just for the buying of real estate but also for the buying of cars. Gone are the days when someone could walk into a car showroom, put down a $1 deposit and borrow the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

We are not perfect but we can improve our lives.
Discovered on 7 Apr 2014 at 11:09 pm
Hi AK, I am also pessimistic, actually. The thing I realised these couple of months is in life things can be unfair or by a stroke luck fate deals a bad set of cards or bad things happen because of my incompetence.   However, whatever situation... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄專欄 08.04.14:騰訊啡底地位動搖
Discovered on 7 Apr 2014 at 4:52 pm
Take your time to pay down your HDB housing loan.
Discovered on 7 Apr 2014 at 10:46 am
In the guest blog by Klein recently, he offered his reasons why we should not repay our HDB housing loans too quickly. One of the reasons is that we would be losing more in interest income from the CPF-OA than we would be saving by avoiding the 2.6%... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

IndoAgri: Short Term Retracement
Discovered on 7 Apr 2014 at 9:33 am
IndoAgri is expected to have a short term retracement back to $0.93-$0.95 region after forming a Evening Doji Star before continue the uptrend. $0.93 is the resistance turned support level. The Fibonacci Fan level provides different up trend support line. … Continue reading →

DBS Bank: Rejected at 200D SMA Resistance
Discovered on 7 Apr 2014 at 9:08 am
DBS bank is rejected at the 200D SMA resistance and will continue the down trend. DBS is still showing a “Lower Low, Lower High” bearish pattern. $16.08 is a critical support to watch. See previous analysis of DBS Bank here.

Singapore Property Weekly Issue 150 now out
Discovered on 7 Apr 2014 at 8:48 am
In this week’s issue: Think You Can Profit From Your Home? Think Again Singapore Property News This Week Resale Property Transactions (March 19 – March 25) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 150

UOB Bank: Euphoria is Over!
Discovered on 7 Apr 2014 at 8:37 am
UOB has been on the strong run up since end of Mar due to window dressing. As UOB is getting near to the $22 resistance, the selling starts to appear. Base on the chart pattern, UOB is starting the trend … Continue reading →

Sabana REIT: $90 million 4% certificates.
Discovered on 7 Apr 2014 at 3:15 am
Someone asked me what do I think of the $90 million 4% certificates due in 2018 being issued by Sabana REIT. Well, it is a good thing. Why? Sabana REIT has $100 million of debt due this year. So, the money raised will come in handy. OK, there... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄專欄 07.04.14:新高後回落唔使驚
Discovered on 6 Apr 2014 at 4:52 pm
Maybank PremierOne Account
Discovered on 6 Apr 2014 at 11:30 am
Maybank PremierOne Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Rates are subject to change without prior

Tea with Klein: CPF, SRS and HDB housing loans.
Discovered on 6 Apr 2014 at 8:18 am
I received a couple of emails from a reader this weekend and I want to share them here because I like sharing high quality content, especially those which are thought provoking and inspiring. Hi AK,I read this post:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

查理·罗斯访谈录:对话马云
Discovered on 5 Apr 2014 at 7:31 pm
Extra cash for better control of your finances.
Discovered on 5 Apr 2014 at 2:16 am
Last year, in July, I blogged about how a bank offered a solution for us to "get on top of our finances". Today, I received an offer from another bank to give us "better control" of our finances. Look at the E.I.R. and this is in a low interest... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄-股市资讯专栏 04.04.2014- 耶伦安抚市场不安情绪
Discovered on 4 Apr 2014 at 6:11 pm
The Dirty CPF-HDB Scheme To Trick Singaporeans?
Discovered on 3 Apr 2014 at 9:10 pm
I would like to share a few comments from a reader on my FB wall when we discussed a very hot article that has been circulating lately. Title of the article: "Truth Exposed: The Dirty CPF-HDB Scheme To Trick Singaporeans." Wah! With a title like... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄專欄 04.04.14:舊經濟股回升有理
Discovered on 3 Apr 2014 at 4:47 pm
Priceless!
Discovered on 3 Apr 2014 at 7:58 am
Hainanese curry pork chop dinner with my mom: $8.00. The quality time spent together: Priceless! Eh, sounds familiar. Oh, I borrowed the format from MasterCard (but not the price tag). Aiyoh! How can like that? Bad AK! Bad AK! Note: This... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

TEA with ENZA: Total Debt Servicing Ratio (TDSR).
Discovered on 3 Apr 2014 at 12:24 am
Another guest blog that is actually a collection of comments by a very bright fellow I got to know on FB. Reproduced with his permission: Total Debt Servicing Ratio (TDSR) = Debt Repayments/Income (per month) Many of our textbooks are based on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄專欄 03.04.14:地產股反彈有原因
Discovered on 2 Apr 2014 at 4:48 pm
So, $350,000 gets peanuts? Upsize the peanuts!
Discovered on 2 Apr 2014 at 3:21 am
This is what Privilege Banking customers at UOB get:  Apologies for the bad quality. These are some seriously small peanuts. Money in our emergency funds (less than $350,000) if left in a savings account like this will get only 0.1% in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #149
Discovered on 2 Apr 2014 at 1:50 am
Residential Record proportion made by sub-800 sq ft units 47.6 percent of non-landed private homes sold in 2013 were reported to be small units of up to 800 sq ft – a record for the unit type, compared with 43.4 percent in 2012 and over 40 percent in 2011. CBRE Research associate director Desmond Sim […]

曾淵滄專欄 02.04.14:頻頻止蝕 信心盡失
Discovered on 1 Apr 2014 at 4:50 pm
Singapura Finance Fixed Deposit Rates
Discovered on 1 Apr 2014 at 11:30 am
Singapura Finance Fixed Deposit Rates We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Rates are subject to change without

Tea with Invest Apprentice: 7 Reasons Why We Need Unit Trusts.
Discovered on 1 Apr 2014 at 6:02 am
Another guest blog by Invest Apprentice and this should be read as a companion blog to the earlier guest blog. Please see related post number 1 at the end of this blog: 7 Reasons Why We Need Unit Trusts. 1) When we only have a small capital... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

My stocks portfolio - Mar 2014
Discovered on 1 Apr 2014 at 4:42 am
How New Property Launches are Changing in the Face of a Slowing Market
Discovered on 1 Apr 2014 at 1:51 am
By Property Soul (guest contributor) With property developers rushing to launch new projects, the once quiet market is buzzing again. I spent a few Saturdays visiting the sales galleries of some property new launches, including the Jewel@Buangkok, Sant Ritz, Bartley Ridge, the Panorama, etc. I also went to see some mixed developments like the VENUE […]

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

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

曾淵滄專欄 01.04.14:內銀炒唔起有原因
Discovered on 31 Mar 2014 at 4:53 pm
Tea with Invest Apprentice: Can we trust unit trusts?
Discovered on 31 Mar 2014 at 6:37 am
This is a guest blog by Invest Apprentice, someone whom I got to know on FB. Knowledgeable but very humble, I have been asking him to guest blog for ASSI for months. So, I hope you enjoy this: Among my friends savvy in investing, the common... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property Weekly Issue 149 now out
Discovered on 31 Mar 2014 at 2:03 am
In this week’s issue: How New Property Launches are Changing in the Face of a Slowing Market Singapore Property News This Week Resale Property Transactions (March 12 – March 18) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 149

Best SRS Account Interest Rates
Discovered on 30 Mar 2014 at 9:39 pm
Best SRS Account Interest Rates We present Best SRS Account Interest Rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Best SRS Account Interest Rates In Singapore: Interest rates for SRS accounts are same as for Basic Savings Account for the top three local banks in Singapore. Read More: Best 2014 Singapore savings account interest rates

曾淵滄專欄 31.03.14:港股營造雙底反彈
Discovered on 30 Mar 2014 at 4:49 pm
楊瀾訪談錄 - 馬雲篇
Discovered on 30 Mar 2014 at 2:16 am
AK denied Starhub extra income!
Discovered on 30 Mar 2014 at 1:11 am
For 4 years, I enjoyed unlimited mobile broadband access at only $19.37 a month. Then, my most recent invoice from Starhub shows that I must pay $38.72 a month from now on. That stunned me. I looked at the invoice for a minute or, maybe, two before... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

产业倾情:最高点 只有天晓得
Discovered on 28 Mar 2014 at 5:28 pm
Gear up and receive more passive income.
Discovered on 28 Mar 2014 at 8:15 am
I have mentioned before that I rather not have any debt in my life. This does not mean that I don't understand how debt can be good. It just means that I am more comfortable not having any. I rather not borrow money to invest in stocks even though... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄專欄 28.03.14:洗倉股勿胡亂溝貨
Discovered on 27 Mar 2014 at 4:48 pm
A movie treat from my stock broker: Captain America 2.
Discovered on 27 Mar 2014 at 9:25 am
Great movie and in 3D too! I got a free dinner, free tub of pop corn and a free bottle of Pepsi too! Thumbs up! [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

"Value might fall but sure to come back up!"
Discovered on 27 Mar 2014 at 12:15 am
Banker: Why put money in FD? You put money in this bond fund can make more money. About 5% per annum. Sis: Is this 5% guaranteed? Banker: Banks cannot say it is guaranteed one but if you look at the history, this fund is very good and have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #148
Discovered on 26 Mar 2014 at 7:07 am
Residential Private home sales increase in Feb Singapore’s new private home sales were reported to increase in February 2014, but are expected to slow down this month due to the cautious mood and limited new launches. As of last month, 724 new private homes were sold including top selling projects outside the central region (OCR), […]

Journey to financial freedom is not a race.
Discovered on 25 Mar 2014 at 8:15 am
I get letters from readers of all ages. Obviously, all of them have different circumstances and they have different motivations for writing to me. However, many are interested in achieving financial freedom on a sustainable basis. What does this... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DBS eMySavings Account
Discovered on 23 Mar 2014 at 12:00 pm
DBS eMySavings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. DBS eMySavings Account + (eMSA+). This is a savings account that gives you a savings reward¹ of 1.5% p.a. on the amount you save each month! What’s more, you can also enjoy these benefits: Product Benefits:

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

Average Banks Saving Deposit Rates in 2013
Discovered on 16 Mar 2014 at 11:30 am
Average Banks Saving Deposit Rates in 2013 We present Average Banks Saving Deposit Rates in 2013 in Singapore to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Average Banks Saving Deposit Rates in 2013 are presented for personal information. Average Banks Saving Deposit Rates in 2013 by Month: Period / Banks Saving Deposits 2013

Hong Leong Finance Fixed Deposit
Discovered on 9 Mar 2014 at 11:30 am
Hong Leong Finance Fixed Deposit We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Hong Leong Finance Fixed Deposit : Fixed Deposit Amount Interest Rates (p.a.) 3-month S$50,000 to < S$500,000 = 0.70% Singapore savings account rates for 2014 are presented for personal

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

Singapura Finance Blue Sky Junior Savers
Discovered on 2 Mar 2014 at 10:30 am
Singapura Finance Blue Sky Junior Savers We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapura Finance Blue Sky Junior Savers: •Savings Deposit (%p.a Monthly Interest): 0.2500% p.a. •Passbook account. •Higher interest-bearing account for children below 15 years of age. •Minimum

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

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

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

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

Newbie's IB Portfolio - Short Gold! OMG!!!!
Discovered on 26 Feb 2014 at 12:28 am
Ridiculous Initial Margins In IB For 2 Closed End Funds?
Discovered on 25 Feb 2014 at 12:02 am
Newbie's IB Portfolio - Interim February 2014
Discovered on 24 Feb 2014 at 7:38 pm
State Bank of India (Singapore) Checkplus Account
Discovered on 23 Feb 2014 at 10:30 am
State Bank of India (Singapore) Checkplus Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. State Bank of India (Singapore) Checkplus Account Balance Tier (SGD) Interest Rate (p.a.) 0 – 2,999.99 0.15% 3,000 – 9,999.99 0.20% 10,000 – 49,999.99 0.25% 50,000 &

Company Warrants Expiring in 2014 - Actions Needed
Discovered on 21 Feb 2014 at 1:46 am
I need to remind myself all the outstanding company warrants that are expiring in 2014 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WEE HUR W140222, Expiry Date: 22 Feb 2014, Exercise price = $0.25, Conversion ratio 1:1 - Warrants exercised and converted to shares.ASIATRAV W140717, Expiry Date: 17 July 2014, Exercise price = $0.245, Conversion ratio 1:1 - No action taken yet.GBLYELLOW140910, Expiry Date: ...

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
BOC SGD Savings Account Interest Rates
Discovered on 16 Feb 2014 at 10:30 am
BOC SGD Savings Account Interest Rates We present Bank of China (Singapore) BOC SGD Savings Account interest rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. SGD储蓄存款利率 BOC SGD

Bought Express Scripts (ESRX)
Discovered on 16 Feb 2014 at 7:43 am
Had my eye on this for a while; bought because it did not fall when the indexes corrected (22nd Jan to 5th Feb), and the correction is (hopefully) over:Bespoke Investment also notes that the Drugs and Biotech has been the strongest industry group since the start of tapering (mid Dec), and Healthcare is one of the strongest sectors in the February's post-correction bounce. Fundamentally:ESRX is the largest Pharmaceutical Benefit Manager in the US.  Their business is to act as a middleman betwe...

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

Bank of East Asia Passbook Savings Account
Discovered on 9 Feb 2014 at 10:30 am
Bank of East Asia Passbook Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Bank of East Asia Passbook

My stocks portfolio - Jan 2014
Discovered on 6 Feb 2014 at 9:25 pm
Interest Rate of CPF Money
Discovered on 5 Feb 2014 at 10:30 am
Interest Rate of CPF Money We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.   Interest Rate of CPF Money Table: Interest

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

Research report on yield securities - SGX
Discovered on 3 Feb 2014 at 8:57 pm
Bank of China (Singapore) Time Deposit
Discovered on 3 Feb 2014 at 10:30 am
Bank of China (Singapore) Time Deposit We present Bank of China (Singapore) Time Deposit rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Bank of China (Singapore) Time Deposit account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Bank of China (

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

Newbie's new bond portfolio performance - 2014 against Inception (31st December 2012)
Discovered on 31 Jan 2014 at 7:46 pm
Prosperous New Year
Discovered on 26 Jan 2014 at 10:30 am
Prosperous New Year We wish all our loyal and new Singapore Savings Account Rates readers: Xin Nian Kuai Le ! Gong Xi Fa Cai ! Happy & Prosperous New Year ! We will be back after Chinese New year to present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Keep reading Singapore Savings

$2 Dollar Hong Bao Notes Promotion
Discovered on 23 Jan 2014 at 10:30 am
$2 Dollar Hong Bao Notes Promotion We present some special Hong Bao / Chinese New Year news on our Singapore Savings Account Rates blogspot site this day in 2014. The Monetary Authority of Singapore (MAS) announced that it will issue "good-as-new" $2 notes, along with brand new ones, for the coming Lunar New Year in 2014. The "good-as-new" $2 notes are clean and crisp notes which were

ICICI Bank Singapore New Deposit Rates
Discovered on 22 Jan 2014 at 10:30 am
ICICI Bank Singapore New Deposit Rates We present ICICI Bank Singapore new deposit rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. ICICI Bank Singapore New Deposit Rates: Tenure >= 100,000 1 month 0.00% 3 months 0.50% 6 months 0.60% 9 months 0.75% 12 months 1.00% 18 months 1.20% 24 months 1.35% 36

2014 Best DBS Bank Account Interest Rate
Discovered on 21 Jan 2014 at 10:30 am
2014 Best DBS Bank Account Interest Rate We present Singapore 2014 Best DBS Bank Account Interest Rate to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your

SBI Singapore Basic Savings Account
Discovered on 20 Jan 2014 at 10:30 am
SBI Singapore Basic Savings Account We present SBI Singapore Basic Savings Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. SBI Singapore Basic Savings Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. SBI

CNY Savings Account Promotion
Discovered on 19 Jan 2014 at 10:30 am
CNY Savings Account Promotion Where are the CNY savings account promotion this 2014 Chinese New Year? What are the latest CNY savings account promotion rates in Singapore? Which bank offers the best CNY savings account promotion? Pre-Chinese new year, besides getting freshly minted 2-dollar notes and some pretty Ang Pows from your local bank, check with your bank to find out their latest

2014 Highest Fixed Deposit Rates
Discovered on 18 Jan 2014 at 12:00 pm
2014 Highest Fixed Deposit Rates Check out the table of 2014 highest fixed deposit rates compiled for you at Singapore Savings Account Rates in 2014 today. Singapore bank account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. 2014 Highest Fixed Deposit Rates in Singapore: (12-month Tenures) Bank of

Singapura Finance Blue Sky Savers Rates
Discovered on 18 Jan 2014 at 11:00 am
Singapura Finance Blue Sky Savers Rates We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Singapura Finance Blue Sky Savers

2014 POSB Savings Account Promotion
Discovered on 17 Jan 2014 at 3:00 pm
2014 POSB Savings Account Promotion We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. 2014 POSB Savings Account Promotion Details: POSB eMySavings Account 2014 (eMSA 2014) lets you save monthly in a hassle-free way and earn interest of up to 2.014% p.a.*! Product Benefits

HLF Savings Account Rates
Discovered on 17 Jan 2014 at 10:30 am
HLF Savings Account Rates We present Singapore HLF savings rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Rates are subject to change without prior notice at discretion of the

RHB Bank Singapore Savings Account Rates
Discovered on 16 Jan 2014 at 1:00 pm
RHB Bank Singapore Savings Account Rates We present RHB Bank Singapore Savings Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. RHB Bank Singapore Savings Account Rates =

BOC Singapore Time Deposits Promotion
Discovered on 15 Jan 2014 at 11:30 am
BOC Singapore Time Deposits Promotion We present BOC Singapore Time Deposits Promotion rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. BOC Singapore Time Deposits Promotion account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. BOC Singapore Time

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Something is wrong
Discovered on 1 Aug 2013 at 5:06 am
Something is wrong with the site. I can't compose my blog properly. The monthly portfolio update will be late. SORRY!

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

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

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

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

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

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

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

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

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

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

My stocks portfolio - Apr 2013
Discovered on 1 May 2013 at 12:30 am
My Investment Portfolio (April 2013)
Discovered on 30 Apr 2013 at 11:54 pm
STI gained more ground in April 2013 to close at 3368.18. Liquidity plus selective buying of blue chip counters had meant that STI keep hiting new highs. For this month, I have attended the following AGMs/EGMs/briefings - OSIM, M1, FSL Trust, Sing Holdings, SP Corp, Sabana REIT, Challenger, Keppel REIT, CapitaCommercial Trust, CapitaMall Trust, Colex, Tuan Sing, Keppel T&T, Wheelock Properties, Pan Pacific Hotels Group, UOL, GK Goh, IFS, Raffles Medical Group, Food Empire, ST Engineering, A...

Newbie's bond portfolio performance - Apr 2013
Discovered on 30 Apr 2013 at 10:23 pm
30 April 2013
Discovered on 30 Apr 2013 at 4:39 am
This month, US market seemed to perform pretty well, following some good corporate results. Not so for the local market. Corporate results was mix, and the ST Index was hovering up and down without a clear direction. Most of the months it stayed slightly below March closing, until the last week. Then it suddenly moved forwards to new high on the last few day, at a time when GDP forecast was revised downwards by some local bank. You ask me? I don't understand.As at today, STI closed at 3368.18...

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

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

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

My Investment Portfolio (March 2013)
Discovered on 31 Mar 2013 at 9:52 pm
STI gained further ground in March 2013 to close at 3308 points. This despite news of financial turmoil in Cyprus and North-South Korean tensions. However, markets do end in the lower trading range at the end of the last week in March.For this month, I have attended the following AGMs/EGMs/briefings - MIIF, Datapulse, United Engineers, QianHu, Sakae Holdings, China Fishery, GP Industries, Sinwa, YHM and Gallent Venture.For my top 30 holdings, Hotel Grand Central re-entered the list aft...

My stocks portfolio - Mar 2013
Discovered on 30 Mar 2013 at 12:16 am
Newbie's bond portfolio performance - Mar 2013
Discovered on 29 Mar 2013 at 8:13 am
28 March 2013
Discovered on 28 Mar 2013 at 4:51 am
Time really flys! Before one realises it, a quarter of the year has passed. Since it's a public holiday tomorrow, today is the last trading day of the month. The biggest news this month affecting the stock market must has been the banking crisis in Cypus. The worst seems to be adverted, but as the problem was not yet solved, it may come back again. With the news that this problem was somehow released, the equity market did quite well in the past few days. STI movement was somehow rangebound, ...

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

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

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

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

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

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

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

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

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

Newbie's bond portfolio performance - Feb 2013
Discovered on 1 Mar 2013 at 8:16 pm
My stocks portfolio - Feb 2013
Discovered on 1 Mar 2013 at 7:47 pm
My Investment Portfolio (February 2013)
Discovered on 28 Feb 2013 at 4:19 pm
February 2013 started well but the momentum was lost towards the end of the month as investors took profits after the Italian election results. Interests were seen in micro-cap penny stocks which were heavily traded. STI ended at 3269.For this month, I have attended the following AGMs/EGMs/briefings - CM Pacific, Ossia, Petra, Yoma and Transview.For my top 30 holdings, Sarin Technologies continued its good run after announcing a decent set of FY2012 results and also provided dividend gu...

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

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

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

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

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

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

My Investment Portfolio (January 2013)
Discovered on 31 Jan 2013 at 10:13 pm
The year got into a good start as STI powered ahead 3.65% to end at around 3300 points. Although things are pretty much the same on the economic front, investors seem to be on a "risk on" mode as large volume can be seen in small cap stocks.For this month, I have attended the following AGMs/EGMs/briefings - Comm Design, Technics Oil & Gas, MFS Tech, Olam, Straits Trading, WBL, Thai Village, Sinobest, Etika, BRC Asia, Pacific Andes, PNE Industries, PNE Micron, Nam Lee and Casa Holdings.For...

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

Investment Strategy for 2013
Discovered on 3 Jan 2013 at 2:39 am
2013 would be a good year for equity markets, at least according to analysts out there. There seems to be a view that China and Korea are the laggard markets last year and they are going to do well this year. But do remember one year back at the beginning of 2012, not many people are predicting that 2012 would be such a good year for equity markets.I would caution investors out there as markets had ran up quite a bit in 2012. Therefore, do have a diversified portfolio to ride through 2013. Be...

My Investment Portfolio (December 2012)
Discovered on 31 Dec 2012 at 11:09 pm
December 2012 had been a quiet month as most investors went on year-end holiday. STI managed to close at around 3160 points. US "fiscal cliff" again dominated the headlines for this month.For this month, I have attended the following AGMs/EGMs/briefings - GLP, Chemoil, MIIF, Asiasons WFG (now known as ISR Capital), Cougar, LippoMalls Trust, 2nd Chance, Transview, CFM, Miyoshi and Viz Branz.For my top 30 holdings, Old Chang Kee returned to the list and was a big mover as investors cheered ...

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

Review/Reflections for 2012
Discovered on 26 Dec 2012 at 1:58 am
The year is ending soon and it is time to look back at 2012. 2012 is also the first full year that I had become a full-time investor and sad to say, my first full year of unemployment. STI started the year at around 2650 points and it is up around 20% from the start of the year at the time of this blog post. Most investors who stay invested throughout the year would have done well.I have not computed my returns for the year but I reckon that I had also done reasonably well this year. I had no...

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

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

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

30 November 2012
Discovered on 30 Nov 2012 at 4:33 am
The month November started with stock prices plunging after the US presidential election. The fear of fiscal cliff send the global stock prices south. Market somehow stablizes toward the end of the month with the hope of politicians finding a compromise for it. The "Olam - Muddy water" did not have big effect on other counters. At the end of the month, STI recovered the lost ground and ended 1.04% higher than last month. My portfolio did not do as well, rose just 0.67% in the month. I bought ...

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

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

Tough time ahead for Tiger Airways
Discovered on 8 Nov 2012 at 10:30 am
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Time to hold Neptune Orient Lines
Discovered on 4 Nov 2012 at 10:30 am
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31 October 20
Discovered on 1 Nov 2012 at 5:18 am
At the beginning of October, someone speculated if there would bea big plunge of share prices in this month, as there had been similar incidents in October in the history. Fortunately, nothing serious happened. This October was a quite month for equity market. Investors may be waiting for the result of US presidential election. Daily price movement of stock prices has been slow. At the end of the month, STI dropped 22 points (0.72) to end at 3038.37. My portfolio did slightly better. Its valu...

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.  ...

Some Thought on Retirement Planning
Discovered on 3 Oct 2012 at 2:09 am
Planning / Preparation for RetirementWhen the word “retirement planning” is said, the first thing that comes to many of our minds may be financial planning. I do agree that financial planning is an important part of retirement planning, but it is by no means the only aspect of it. In my humble opinion, there are more other things in a proper retirement planning besides financial planning. In this blog I try to list down things that I feel are important when one prepares him/herself for the re...

28 September 2012
Discovered on 30 Sep 2012 at 8:44 pm
September was another "quiet" month for global equity market. The good news QE3 was quickly neutralised by the renewed worries in Eurozone, slowing Chinese growth and the tension in East China Sea.Locally, market attention was drawn to the F&N saga. Otherwise market has also been relatively calm. STI rose 34.88 (1.15%) in the month, in relatively small ups and downs.My portfolio did better than the market, rose 3.68% in the month, thanks to F&N, property stocks and Reits. I received some shar...

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

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

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

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

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

Higher yields make Ascendas attractive bet
Discovered on 8 Sep 2012 at 6:58 am
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Hospitality Brand name Hotel properties Limited
Discovered on 2 Sep 2012 at 9:18 am
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31 August 2012
Discovered on 31 Aug 2012 at 4:54 am
August has been a 'quiet' month for the market. Local stocks are trading within a tight range. STI swung between positive and negative during the month, but as said, range bound. As at today, STI closed at 3.025.46, dropped 10.94 points, or 0.36% against last month. My portfolio did slightly better. Its value rose 0.57% in this month, net of new investment. I sold off my Fraser Comm CPPU 500, as the period of no redeeming is going to expire at the end of this month, and the convesion rate of ...

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

Dividend Focused Investment Strategy
Discovered on 17 Aug 2012 at 2:36 am
My blog is essentially a record of my investment journey. So this blog is only meant to share my thought ....Over the time, my investment focus has shifted - focusing on Dividend and generating Cash Return. There are 2 main reasons for this shift:I have not been very successful in investing in growth stock.Age is catching up with me and the investment horizon is getting shorter.I am contemplating to quit my job in 2~3 years.My SG share portfolio has been shifted to one that overweights divide...

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

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

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

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

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

FIND THIRTY BOOKS OF THE BIBLE
Discovered on 2 Aug 2012 at 1:51 am
Okay, this is not the usual blog recording my investment portfolio. It is a puzzle I received via email. I find it very interesting (and difficult) so just share it here. If you are interested give it a try. Otherwise, have a good day!FIND THIRTY BOOKS OF THE BIBLEThere are thirty books of the Bible hidden in this paragraph. Can you find them?This is a most remarkable puzzle. It was found by a gentleman in an airplane seat pocket, on a flight from Los Angeles to Honolulu, keeping him occupied...

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

Mapletree Commerical Trust - Buy
Discovered on 29 Jul 2012 at 10:45 am
INTRODUCTIONMapletree Commercial Trust is a Singapore based Real Estate Investment Trust (REIT). Its objective is to do long term investments in income producing real estate properties which are based in Singapore and used for office or retail purposes. Mapletree Commercial Trust is managed by Mapletree Commercial Trust Management Ltd (MCTML) which is subsidiary of Mapletree Investments Pte Ltd (“MIPL”). The portfolio of Mapletree Commercial Trust comprises mainly three properties i.e. VivoCi...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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