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:

May 2016
Discovered on 31 May 2016 at 5:09 am
Results Announcement 5 May 16 : Starhub (Q116) – EPS 5.4ct vs 4.3ct (Q115) ; FCF 5.2ct ; Div 5ct (No Change) 10 May 16 : SingPost (Q416) – EPS 4.36ct (due to Divestment Gains) vs 1.625ct (Q415) / 10.86ct … Continue reading →

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

SATS : Q416 Results
Discovered on 22 May 2016 at 9:29 pm
Press Release Presentations Financials  

STEng : Q116 Results
Discovered on 12 May 2016 at 7:09 pm
Q116 Results

ComfortDelgre : Q116 Results
Discovered on 12 May 2016 at 4:38 am
Press Release Presentations Financials  

AusNet : 2H16 Results
Discovered on 11 May 2016 at 6:43 pm
Press Release & Presentations Financials  

SingTel : Q416 Results
Discovered on 11 May 2016 at 5:57 pm
Press Release Presentations Financials  

SBSTransit : Q116 Results
Discovered on 11 May 2016 at 4:11 am
Financials  

SIAEC : Q416 Results
Discovered on 10 May 2016 at 7:03 am
Press Release Financials  

SingPost : Q416 Results
Discovered on 10 May 2016 at 5:31 am
Press Release Presentations Financials  

Starhub : Q116 Results
Discovered on 5 May 2016 at 6:17 am
Press Release Presentations Financials  

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

All-in costs, breakeven costs, cash costs
Discovered on 12 Aug 2015 at 4:48 am
Analysts of deep cyclicals, industrials, commodities would be very familiar with these terms. These terms are invented by the financial industry to try to help analysts analyze real businesses from their desktops, in plush offices, hundreds or thousands of miles away from where the businesses actually took place. It bears little resemblance of how real ops managers actually thought about their costs or how businesses actually operated. All-in costs refer to all the costs that are needed to st...

Grexit? THIS IS SPARTA!!!!
Discovered on 16 Jul 2015 at 5:47 am
Five years and 3 bailouts later, it's amazing that the leaders in Europe haven't made any progress in this long and painful odyssey of pulling Greece out from hell. Everyone had their fair share of blame. The latest instalment this year from May-Jul 2015 started with Alexis Tsipras, the Greek PM who thought that he was King Leonidas, went to the negotiating table with the European Union  (EU) demanding money and yet promising no reforms. Essentially reminiscing the unforgettable scene from th...

Checklist for buying stocks - IMPORTANT!
Discovered on 29 Jun 2015 at 1:52 am
Just finished reading "Education of a Value Investor" by Guy Spier. A short and informative narrative by a value investor about his own journey. I found it really useful and would like to incorporate a few key lessons from what I have read. We all know the importance of checklists, pilots and surgeons use them, so should investors. Charlie Munger had said it years ago that all prudent investors should have one and Guy got the idea from Charlie.Guy went one step further by saying that the chec...

Jardine C&C Rights Issue!
Discovered on 25 Jun 2015 at 2:41 am
Jardine Cycle and Carriage (JCNC) announced a surprised SGD billion dollar rights issue a week ago. Well given how the stock has declined a month before, I guess it wasn't a surprise to some insiders. Now that the cat is out of the bag, it's time to do a quick and dirty analysis on this blue blue chip. For the un-initiated, JCNC is probably most well-known in Singapore as the distributor for Mercedes-Benz and making tons of money on that franchise but in reality, the Singapore business contri...

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

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

Capitaland - Another Burst
Discovered on 31 May 2016 at 1:47 am
Capitaland just had another burst or strength to push through the wall. It seemed as though the buyers were relentless in their buying. I am happy for the somm members who hopped in and made $$ based our call.http://stockmarketmindgames.blogspot.sg/2016/05/capitaland-somm-whatsapp-call.htmlEventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

Global Logistic - A Whatsapp Call
Discovered on 30 May 2016 at 11:47 pm
Another Whatsapp call to all my students on GLP. The stock is moving steady upwards with a strong force. I had made many predictions for GLP and at critical turning points and most of it were on the bull's eye. Click below to see all my GLP calls given LIVE on this blog before it moves up as of now!http://stockmarketmindgames.blogspot.sg/search/label/glpWhen I conduct a swing trade, I am not so concerned about timing but rather the direction of the trend. If my analysis for the direction is c...

Yoma - A Burst
Discovered on 30 May 2016 at 10:38 pm
Yoma just had a sudden burst of strength where the price just shot up to 0.535. My mailing list combine with my blog post was once again spot on. I will give another call just for the people who are coming tonight. Also, don't miss joining my newly created forum.http://stockmarketmindgames.blogspot.sg/2016/05/yoma-mailing-list-call.htmlhttp://www.facebook.com/groups/stockmarketmindgamesEventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

Capitaland - A SOMM Whatsapp Call
Discovered on 30 May 2016 at 9:13 pm
Let's see how far can Capitaland go because there were furious buyers these past 2 days. A call was given to all my SOMM members last Wednesday and it was supposed to be a swing trade which means it won't be a 1-2 day affair since this stock takes some time to do accumulation and there was some flushing involved. We are in the $ now and I believe there maybe more upside. Watching it closely for the next up move.Eventbrite - Register for Portfolio Scan by Ronald KUpdate: 11.20am, 30/5/2016More buyers flocked in and the high is 3.02 now. Interes...

Yoma - A Mailing List Call
Discovered on 30 May 2016 at 8:53 pm
Gave a call on Yoma for the people who subscribed to my mailing list 5 days back. Today the stock ran a little bit with some buying. Congrats to all who were added to my mailing list and congrats on hopping on to Yoma. In the near future if I would to give a call again, I will do it in my private Facebook forum because it's LIVE.http://www.facebook.com/groups/stockmarketmindgamesRonald K - Market Psychologist - A Stock Market Opportunist

Boustead Singapore Part II
Discovered on 30 May 2016 at 8:13 pm
This is a continuation from the post “Boustead Singapore Part I” Let’s start off with a table: The data above basically confirms our thesis in part I: Boustead is currently facing strong headwinds. Dividend has been reduced to multi year lows (if you exclude the dividend in specie distribution of BP), ROE has dropped substantially. […]

Branded goods
Discovered on 30 May 2016 at 8:00 pm
I wonder what it is with branded goods, why everyone seems to want to own it to elevate their status and position in the society. I thought cash is more important but apparently, your face value is very important too. I have a high income earner friend who is at the top 1%. She has […]

S&P 500 - No Longer Bullish Because of This
Discovered on 30 May 2016 at 7:35 pm
I am no longer bullish on the S&P 500 as of today because of a profit taking zone as seen in the 5 min chart. As per my last blog post that the S&P 500 has a last and final base built, this could be it. Look at the last rally straight before before my circled range, that could be the last bull run.http://stockmarketmindgames.blogspot.sg/2016/05/s-500-final-base-built-be-alert.htmlIn the near term, I expect either sellers to come out or it maybe in a whippy range without much directions. I wil...

Falling from the peak
Discovered on 30 May 2016 at 7:00 pm
Borrowing a phrase from the Taiwanese, the late Mr Lee Kuan Yew described those Singaporeans born from the eighties onward as “The Strawberry Generation” because of the perceived lack of resilience. Indeed, compare to him, many Singaporeans don’t have the experience of living in the World War II period and thus do not understand what […]

Triple S Scorecard – The Enhanced Version
Discovered on 30 May 2016 at 7:00 pm
This article will be reproduced at TTTI as a guest post as well. Firstly, I like to thank TTTI for giving me the privilege to write a guest post for his blog. After deciding for a long time, I decided to write on my creation – Triple S Scorecard – which is also unique to how […]

Is it a good time to buy this stock?
Discovered on 30 May 2016 at 7:00 pm
Noble Group CEO has resigned from the company, as was announced today. Along with this announcement was another announcement that the company is selling an US energy stake. Noble Group stock price went south by 8.2% today similar to what we noted for Singpost stock when its CEO resigned from the post and this I […]

Non-Landed Residential Resale Property Transactions for the Week of May 15 – May 20
Discovered on 30 May 2016 at 10:17 am
Singapore Property News This Week #262
Discovered on 30 May 2016 at 10:13 am
Residential More BTO flats in popular mature estates 8,940 flats were launched for sale on Tuesday by the Housing & Development Board (HDB) under the build-to-order (BTO) and sale of balance flats (SBF) exercise in May, with one-quarter of the BTO flats located in the popular mature estates of Ang Mo Kio and Bedok. Experts […]

Buying an HDB BTO Flat – One Young Working Heartlander’s Experience and Advice
Discovered on 30 May 2016 at 10:11 am
By Heartland Boy (guest contributor) It was not too long ago that I participated in an HDB BTO (Housing Development Board Build to Order) exercise. For the foreign readers, this is a public housing system in Singapore that allocates new HDB flats to aspiring home owners. For first-timers, this can be a pretty harrowing and confusing experience. This […]

Singapore Property Weekly Issue 262 now out
Discovered on 30 May 2016 at 10:03 am
In this week’s issue: Buying an HDB BTO Flat – One Young Working Heartlander’s Experience and Advice Singapore Property News This Week Resale Property Transactions (May 15 – May 20) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 262

What People Misunderstood About Financial Independence
Discovered on 30 May 2016 at 9:04 am
There was an article I read online which depicts on how the norms look at financial independence and what their perception is. You can read it here. “If only I had a million dollar right now, I would right away resign from my current job”…  This was what everyone had in mind when they think of […]

The McDonalds App Strategy Of Earning Miles
Discovered on 30 May 2016 at 7:00 am
Psst. I’m gonna teach you how to get free food at McDonald’s. You ready? You see, I visit McDonald’s at least twice a week to blog. Some people work at Starbucks, others do better at the library, but I get my creative juices flowin at Mickey Ds. They’ve got free wifi, cheap coffee ($2.60 for their […]

How I Make Forward Predictions in Cityneon and GLP by Ronald K - Join My Group
Discovered on 30 May 2016 at 5:35 am
Here is a video of a step by step process of how I make the forward predictions in Cityneon and GLP. There are many wonder maneuvers shared and but did the Big Hands used those to conduct the rally. On top of that, if you are interested to join me in my private forum, please do click the below link.http://www.facebook.com/groups/stockmarketmindgamesThe fortunate thing is I will do something inside that we all benefit and make $. The unfortunate thing is not everyone is approved as my admin is...

9.5% Interest On Savings Account? Good Or Bad For Us Now?
Discovered on 30 May 2016 at 4:30 am
POSB which was known as Post Office Savings Bank in the past has the highest interest ever recorded at 9.5% on 1 August, 1981. How many of us were there during that time to remember this historical high interest rate era? For me, I was not born yet but history shows me how interest rates […]

A Private Singapore Stocks Forum - Request to Join
Discovered on 30 May 2016 at 3:08 am
I have created a new Facebook forum and will post my forward prescient analysis inside so that we all can see first hand info before a stock runs. Of course, I won't be able to catch all stocks but I will try my best to catch the best stocks that run like GLP and Cityneon today which is not difficult to do so if you had been following my facebook and blog. For those who are interested, you can click the link and request to join below:http://www.facebook.com/groups/stockmarketmindgamesRonald K...

Global Logistics - Saw the Run?
Discovered on 30 May 2016 at 1:44 am
GLP continue to rise in prices as buyers can't stop snapping up the shares. The stock is on a rise now as per my last GLP post this morning! It's now 1.825!http://stockmarketmindgames.blogspot.sg/2016/05/global-logistics-emerging-with-buyers.htmlEventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

Noble - CEO Resigns, Start of New Era
Discovered on 30 May 2016 at 1:31 am
5 years ago on 9/11/2011, I shorted Noble and made 40 cents over night as the stock gap down heavily due to a shocking overnight news. The CEO got sacked and resigned. Click and read my 5 years ago trade.http://stockmarketmindgames.blogspot.sg/2011/11/noble-i-shorted.htmlToday current CEO resigned but the stock did not collapse. Looking at the past 5 years, even since Yusuf took over as the CEO, the stock has been down trending all the way till today and hitting a low of 0.265 in Jan 2016 thi...

Noble… or NOOOOOOOO-ble
Discovered on 29 May 2016 at 11:00 pm
You know that things are bad when even ZeroHedge reports about your stock. I didn’t even know about the CEO of Noble resigning (it is rather FRESH news, given that it was just announced on SGX at 8am this morning). All this is pretty funny to me, considering over the weekend I met some friends […]

Cityneon - The Royal Flush
Discovered on 29 May 2016 at 10:25 pm
Cityneon continues to climb and soar higher after a flush last week!!!http://stockmarketmindgames.blogspot.sg/2016/05/cityneo-see-this-rocket.htmlA newsletter was also sent out this morning @ 9:28am to alert all my subscribers about this powerful rocket! As of now, it seemed as though nothing can stop this L Train to trend higher and it all started off with a flush at the background last week which caught my attention. Amazing run today!Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opport...

Global Logistics - Emerging with Buyers
Discovered on 29 May 2016 at 10:11 pm
More buyers emerged into the market, looking to lock up shares of GLP as predicted last Friday. Click and see my blog post below:http://stockmarketmindgames.blogspot.sg/2016/05/global-logistics-supported-by-big-hands.htmlFrom morning till now, it seemed as thought the buyers weren't giving up that they maybe an upcoming news for GLP that may impact the price. Congrats to those who went long. On another note, Cityneon just continues it's bullish streak of rising higher prices.Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Marke...

Singapore Straits Times Index - Early Profit Taking
Discovered on 29 May 2016 at 8:38 pm
Once again, my early morning before market prediction on the market outlook materialized. The market indeed opened green earlier in the morning and then suffered profit taking as highlighted in the 5 minute chart for all my members in the private forum. Will the market tanked down from here or will it trend higher? I will decide my next course of action later. Do note that Cityneon continues to move higher!Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

Cityneon - See This Rocket
Discovered on 29 May 2016 at 8:12 pm
Cityneon continues to surge after my prediction last Tuesday May 24th! The stock was so strong that it bucked the whole trend with a higher upside. Today opening, it surged a few cents more further to a record price that I had never seen before. All these happened because of a powerful mini flush in the 5 minute chart, followed by weak sellers which created a low resistance to the uptrend. Congrats to those who made $$. Click and read below on my analysis. I will share more on the flush and c...

How we manage our finances as a couple
Discovered on 29 May 2016 at 8:00 pm
I met my wife in our first year at university in Melbourne in 2007. As a student couple overseas, we spent a lot more time with each other on and off campus since we were in the same course and didn’t have any family there. We made our own and common friends, which allowed for social interactions […]

Boustead Singapore Part I
Discovered on 29 May 2016 at 7:00 pm
I have had time to update my thoughts after reading Boustead’s FY16Q4 results. Boustead has always been a tough company to fully comprehend, mainly because it’s 3 main divisions (used to be 4, with the water treatment division) are in seemingly different industries with little synergy between them. I do not regularly update or keep […]

The Yahoo “tell”: Is the tech stock boom at the top?
Discovered on 29 May 2016 at 7:00 pm
In poker, a “tell” is an unintentional or unconscious action that may (or may not) indicate an underlying intention… for example, a poker player may betray himself by (say) scratching his nose when he’s holding a great hand. In markets, a “tell” is something that – usually in hindsight – signifies a turning point. We […]

Capitaland Commercial Trust may have no choice to purchase CapitaGreen
Discovered on 29 May 2016 at 6:00 pm
Capitaland Commercial Trust is the biggest commercial office trust in Singapore. They already owned 40% of CapitaGreen, a building they sold to Capitaland to be redeveloped into an office building. Last week, they proposed to purchase the other 60% of CapitaGreen they do not owned yet. The first thing that hit me was that this […]

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

Another casualty in the battlefield? Epicentre Holdings Limited
Discovered on 29 May 2016 at 7:56 am
Apple is everywhere. You read about it on the news, you use the phone / laptops/watch, and even Warren Buffett has invested in the company. Shares of Apple Have Soared 9% Since Warren Buffett Revealed His Stake (read here) Well, this post incidentally is not about the Apple company. I like their products. I once […]

Factors That Could Cause Your Stocks to Plummet in 2016
Discovered on 29 May 2016 at 6:00 am
My approach to investing involves finding a good business model that I like, looking at the financial position of the company in contrast to its industry peers and competitors, and of course, while also keeping an eye out on any risks that could potentially jeopardize my investment thesis. As such, while looking at macro economic […]

An unbeatable level of certainty in wealth building.
Discovered on 29 May 2016 at 6:00 am
Although we have to take chances sometimes, I always try to inject a high level of certainty in my life. Generally, I do not like leaving things to chance because there is a chance that things could go wrong. So, when people tell me I should have taken a 5 year loan to buy my […]

When Our Spouses Are Not Retail Investors .. How???
Discovered on 29 May 2016 at 6:00 am
Uncle8888 is still thinking of better way of passing on his wealth to his surviving spouse … if any. In the meantime, this is the confirmed approach via Enhanced Nomination Scheme (ENS). Q What is Enhanced Nomination Scheme (ENS) and when is it implemented?   Previously when a member passes away, the Board will distribute his CPF savings […]

Helmi Hakim’s Review On Islamic Banking & Investment Asia/Middle East Congress 2016
Discovered on 29 May 2016 at 5:00 am
Alhamdulillah… My mentees and I, financial consultants from NTUC Income Cooperative were honoured to be invited to Islamic Banking & Investment Asia/Middle East Congress 2016 a few months back. I received a lot of requests on my Facebook for me to share takeaways and learning points from the 2-day congress – but there was too much to share […]

Fully Agreed With This Story!!!
Discovered on 29 May 2016 at 5:00 am
Read? Our Story Influences Our Reality Replacing the apes with stocks! Uncle8888 didn’t came to the stock market just to get better return on his saving. He came to the stock market with all his spare money that he could find. He set his investing goals to reach there! It is either made or break as […]

Prefs and Perps are Generally Inferior to Stocks and Bonds as an Investment Form
Discovered on 29 May 2016 at 4:46 am
I have been investing in preference shares (prefs) for many years, so much so that I had forgotten that as an investment form, prefs are actually inferior to stocks and bonds. In fact, prefs have been the cornerstone of my equity-centric investment strategy, saving my equity portfolio during severe market crashes, as described in Behind Every […]

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

ASSI presents "No more money".
Discovered on 28 May 2016 at 4:01 am
Watch out, Hollywood!  Here comes AK! And the Oscar winner is.... Yes, I know. I'm dreaming. Related post: 9 wealth building blog posts. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

S&P 500 - Final Base Built, Be Alert
Discovered on 27 May 2016 at 7:33 pm
The S&P 500 trended higher last night based on the simple analysis on base building I posted LIVE on my blog here at @ 8:37am yesterday morning! Click and see my blog post below.http://stockmarketmindgames.blogspot.sg/2016/05/s-500-base-building.htmlBased on my current judgement now, the S&P 500 is reaching the last 1 or 2 phase of base building before the index would suffer some selling. I had been accurately predicting the S&P 500 correctly for the past 2 weeks and it was all spot on using ...

Global Logistics - Supported by Big Hands
Discovered on 27 May 2016 at 7:55 am
The Big Hands came in to support prices for Global Logistics. As posted today on "A Maneuver" on GLP that I was bullish, I can't believe what I saw earlier where the retailers were throwing furiously while the Big Hands were slowly absorbing the scripts and push the stock to close at 1 tick higher than 1.79 which was the high early in the morning. I am expecting GLP's middle man to conduct the rally soon. Watch it!!Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

HSI Warrants - A Superb Whatsapp
Discovered on 27 May 2016 at 7:19 am
It was a eventful Wednesday evening as I went to attend the warrants workshop hosted by Macquarie. In that workshop, I learnt some valuable warrant picking techniques but it was none better than my Whatsapp this morning when I knew at 8:57am what's going to happen to the HSI warrants market today!! Earlier in the morning, I was rejuvenated and motivated but more importantly, I knew the call warrant would run today and hence I decided to give a bullish Whatsapp alert to my warrant members whic...

Singapore Straits Times Index - A Forward Looking Prediction, Learn it
Discovered on 27 May 2016 at 6:43 am
Earlier this morning @ 8:32am, I made a market outlook prediction that the STI would have a tug o war between the buyers and sellers first before the buyers would win through the battle and indeed, towards end of day, the STI closed +1.05% up! The question is how did I managed to make such prediction before it happened? Actually it was because my view on the STI is always bullish and it's just that in the short term, there are some weak sellers and I need to see how much sellers emerge before...

What the new MAS rules for car loans mean in $ terms?
Discovered on 27 May 2016 at 5:47 am
ASSI has many blog posts on the ownership of cars in Singapore. A few of these are about the cooling measures implemented by the government to inject some financial prudence into those looking to buy a car. Of course, there were people unhappy with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Straits Times Index - Top Volume Scanning
Discovered on 26 May 2016 at 11:54 pm
The top 30 volume became stagnant and boring. Studying the top volume now, it's wise to stay out of penny stocks with tech oil & gas crashing 23% in 1 day. Other than that, the market is not moving which is time to search for some good stocks to do some accumulation. I will be staying out for now until the signal becomes clearer.Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

A step towards achieving ZEN as an investor.
Discovered on 26 May 2016 at 8:25 pm
We are probably familiar with a similarity between fishing as a hobby and investing in stocks which is  that both require patience.  What about gardening? I believe it requires plenty of patience too especially if we decide to grow plants from... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Logistics - A Maneuver
Discovered on 26 May 2016 at 8:13 pm
Global Logistics is currently in the Top Volume with a gap up from yesterday's closing. It seemed as though the stock has gained some strength from some flushing maneuver from the Big Hands where I saw some retailers relinquishing their holdings or a gap up would not have happened. In the near term, I am bullish.Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

S&P 500 - Base Building
Discovered on 26 May 2016 at 7:37 pm
I believe the S&P 500 has more upside to come. It looks like the index is building a lego stack brick by brick with a strong base consistently form as certain level in the 5 minute chart. I am bullish on the S&P 500 in the near term and I expect it to break through a new high above the previous high of 2105.25 in the futures market. Mini selling will be expected first before a record high will be seen. Let's see.Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Morning Top Volume Market Watch
Discovered on 26 May 2016 at 2:08 am
Had an early morning market watch on the Top Volume stocks with a selected few candidates. It was well predicted as blog earlier on my blog post that the market would suffer profit takings and we had to carefully select stocks that are in play so as not to get reactions. I am glad those who came learnt and saw the stocks I selected. Thank you. More to come soon.Eventbrite - Register for Portfolio Scan by Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Profit Taking with Sellers
Discovered on 25 May 2016 at 9:21 pm
As predicted to be careful today, the STI suffered profit taking as blogged LIVE @ 7.51am this morning. Click and see below to read and find out more.http://stockmarketmindgames.blogspot.sg/2016/05/singapore-straits-times-index-careful.htmlWith the opening green, many retailers went chasing and the Big Boys used this as an alibi to book profits and make $. The speculation was made before market opened and I will be sharing how to perform such trick in the market. If you want to learn how the ...

Singapore Straits Times Index - Careful Today
Discovered on 25 May 2016 at 6:51 pm
The market is a little tricky today. I think it will open green first and then followed by profit taking from the Big Boys. Studying the chart, the base built in STI is not as strong as the S&P 500. The prediction for my recent S&P 500 calls all materialized and because I used the same method and strategy over and over again over many years, I became proficient in the market because it's always that same old thing, same old trick. Click below to see all my predictions in S&P 500. I will be gi...

S&P 500 - 2nd Base Built
Discovered on 25 May 2016 at 9:25 am
The S&P 500 continue to rose a second day based on my first outlook last Friday. In my first post for S&P 500, I predicted that in the wider spectrum, the index was going to rise and it's rising now. Click and read my first bullish post on my S&P 500 and see how I make my prediction.http://stockmarketmindgames.blogspot.sg/2016/05/s-500-outlook-and-direction.htmlToday's rally was based on the 2nd strong base built and because of this strong accumulation, the S&P 500 had to rise because the pre...

Singapore REIT Stock Shortlisting Bubble Charts May 2016
Discovered on 25 May 2016 at 2:23 am
Bubble chart derived from May 1, 2016 Singapore REITs Fundamental Comparison Table. Compare to previous Singapore REIT Bubble Chart, distribution yield for big market capitalization Singapore REITs like Capitaland MallTrust, Capitaland Commercial Trust, Suntec REIT have dropped. These Bubble Charts are used … Continue reading →

A reader's insights into AK the investor.
Discovered on 24 May 2016 at 10:07 pm
There are many articles - both new and old - recently that you've been sharing recently on saving money that I feel are definitely useful to the general public.  With regards to investing, I now understand not only how to screen stocks better but... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Non-Landed Residential Resale Property Transactions for the Week of May 9 – May 13
Discovered on 23 May 2016 at 10:16 am
Singapore Property News This Week #261
Discovered on 23 May 2016 at 10:07 am
Residential HSR fined and barred for en bloc deals for a year The Council for Estate Agencies (CEA) has imposed a financial penalty of S$74,000 on real estate agency HSR International Realtors for two counts of acting for a client without declaring a conflict of interest. HSR is disallowed from undertaking any collective-sale work for […]

4 Benefits of Opting For a Longer Loan Tenor
Discovered on 23 May 2016 at 10:06 am
By Jennifer Yeap (guest contributor) Buying a home is probably the biggest financial decision you will make in your life, and one that binds you to a long-term financial commitment. You should thus plan the loan repayment, loan tenure, and other costs associated with owning a new home before you commit to buying a home. When considering home loan options, many Singaporeans […]

Singapore Property Weekly Issue 261 now out
Discovered on 23 May 2016 at 10:05 am
In this week’s issue: 4 Benefits of Opting For a Longer Loan Tenor Singapore Property News This Week Resale Property Transactions (May 9 – May 13) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 261

Have a genie and even children can enjoy passive income.
Discovered on 23 May 2016 at 2:25 am
Child:"I want that car!"Mom:"No. You have many toys at home already."Child:"I want!!!"Dad:"OK, OK. Daddy buy for you later." Mom:"No means no! You don't spoil him."Child started to cry.Grandpa:"Aiyoh, simi lah. He wants, just buy for him... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Global Stock Market Indices PE Ratio At a Glance (21 May 2016)
Discovered on 21 May 2016 at 2:05 am
Market Indices PE Ratio for Major Stock Exchange globally US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Best Performer: ASX up … Continue reading →

AK shares 5 reasons to buy a diesel car.
Discovered on 20 May 2016 at 11:29 pm
By now, many readers have found out that AK bought an "inexpensive expensive" car.  Why the peculiar phrase? Well, the car might be from an "atas" brand but it is rather inexpensive to run and it is also less costly to the environment. Yup, the car... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NeraTel is an investment for income no more?
Discovered on 20 May 2016 at 1:35 am
I have been a NeraTel shareholder for many years. In the middle of 2013, I significantly increased my investment in the company. At that time, I had this to say:This is a net cash company and has a record of paying consistent and meaningful... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Manulife US REIT IPO Listing Balloting Result
Discovered on 19 May 2016 at 7:40 am
OFFERING IN RESPECT OF 396,569,300 UNITS REPRESENTING UNDIVIDED INTERESTS IN MANULIFE US REAL ESTATE INVESTMENT TRUST AT THE OFFERING PRICE OF US$0.83 PER UNIT COMPRISING: AN INTERNATIONAL PLACEMENT OF 350,782,200 UNITS TO INVESTORS OUTSIDE THE UNITED STATED OF AMERICA; AND … Continue reading →

AK learns to embrace Y.O.L.O.
Discovered on 18 May 2016 at 12:10 am
Caller:"Sir, I would like to introduce a money saving card to you."AK:"Save money? I like. Tell me more."Caller:"You will get 50% discount when you dine at XXX, YYY and ZZZ!" AK:"Er...."Caller:"And the membership costs only $300 a year!" AK:"Thank... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Non-Landed Residential Resale Property Transactions for the Week of May 3 – May 6
Discovered on 16 May 2016 at 9:59 am
Singapore Property News This Week #260
Discovered on 16 May 2016 at 9:57 am
Residential Condo resale volumes and prices rose in April The latest April data from SRX Property showed that prices and transaction volume of resale private apartments and condos have risen for two consecutive months. Prices rose 0.7 per cent in the Core Central Region (CCR) and 1.3 per cent in the city-fringe or Rest of […]

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

My passive income from 2015 all gone!
Discovered on 15 May 2016 at 4:45 am
I always say that we have to be careful to avoid activities which lead to wealth destruction, especially if we want to achieve financial freedom at a faster clip.  Even though I have never specifically said what I consider to be wealth destructive,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AK's letter of encouragement to his readers.
Discovered on 13 May 2016 at 8:07 pm
I wrote a reply to an email from a reader but I think it could well be a letter of encouragement to all readers of ASSI. So, with a few changes, here it is: "Dear readers,"Knowledge is power and self knowledge is the most under rated. If you... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

"How much money can you save?"
Discovered on 11 May 2016 at 12:25 am
I visited a friend recently and he mentioned that he would be taking a couple of vacations from next week. Going to Japan, Spain and France!I know he just bought a second property a few months ago and he even said his savings, including money in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

United States Oil Fund (USO): On Short Term Up Trend
Discovered on 10 May 2016 at 8:07 pm
United States Oil Fund (USO) is currently trading in up trend channel after breaking out from a Double Bottoms reversal chart pattern. However, this short term up trend may be capped by the declining 200D SMA resistance. Looking at the … Continue reading →

AK saves money now and avoids hefty bills in future!
Discovered on 9 May 2016 at 1:11 am
Whenever we talk about dental services, we think of the dollar sign. Almost everyone I know thinks that visiting the dentist is not only scary but very expensive. So, many do not make regular visits to the dentist. Well, oral health is important... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Manulife US REIT IPO Prospectus and Fundamental Analysis
Discovered on 6 May 2016 at 11:33 pm
SINGAPORE — In a move expected to inject new life into the sluggish initial public offering (IPO) market in Singapore, Manulife US Real Estate Investment Trust (Manulife US REIT) is seeking to raise as much as US$470 million (S$632 million) … Continue reading →

Gold, Go, Goal!
Discovered on 5 May 2016 at 8:45 am
Gold has finally bottomed up! Gold ETF (GLD) is currently on confirmed uptrend after breakout from the Down Trend Channel. Base on the chart pattern, GLD will continue to go higher! Look at the upside potential vs down side risk! … Continue reading →

Understand cai png and be an independent investor!
Discovered on 4 May 2016 at 10:00 pm
The beauty of living in harmonious multi-racial and multi-cultural Singapore? Food! Glorious food! This is going to be a back to front blog post. See if you can decipher what the very creative and non-Chinese reader who does not eat cai png is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

How did AK's student go from zero to hero?
Discovered on 2 May 2016 at 9:29 pm
Some know that AK was a teacher and continued teaching as a private tutor on and off for many years. Tutoring was one of AK's jobs for a few years when he was holding on to 3 jobs in his younger days, working 7 days a week.  Looking back, it does... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Singapore REIT Fundamental Analysis Comparison Table – 1 May 2016
Discovered on 1 May 2016 at 12:56 am
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 722.93 to 734.98 (+1.67%) compare to last post on Singapore REIT Fundamental Comparison Table on April 10, 2016. The index stays above all 3 moving averages 20D/50D/200D SMA and also forming a … Continue reading →

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

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

Tea with FunShine: Easy Loans.
Discovered on 29 Apr 2016 at 8:08 pm
Here is another thoughtful guest blog from FunShine: First World Problem - Easy Loan Received a phone call from a local bank. They are offering loans at 0% interest rate. I was puzzled. 0%? Have a bit of time and entertained the call. I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Frasers Centrepoint Trust (FCT) Fundamental & Technical Analysis
Discovered on 29 Apr 2016 at 10:43 am
  Base on the Fraser Centrepoint Trust (FCT)  Q2-FY16 Earning Result on April 22, 2016. Last Done Price = $1.95 Market Cap = $1.79 B NAV = $1.91 Price /  NAV = 1.021 (2.1% Premium) Price / NAV (High) = 1.49 Price / … Continue reading →

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

胡立陽: 掌握財富重分配
Discovered on 28 Apr 2016 at 9:07 am
Financially free AK should be ashamed of himself!
Discovered on 27 Apr 2016 at 1:51 am
Recently, I met up with three friends for dinner and over after dinner drinks, I recounted a story. An ex-school mate of mine upon finding out that I was largely unemployed said that I should be ashamed of myself. This was even after I told him... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Three Ways How You Can Trade Stocks Using Binary Options
Discovered on 27 Apr 2016 at 1:28 am
Luis Aureliano There are many different ways you can trade stocks to generate extra income from the comfort of your own home. In this post I would like to share with you three ways how you can trade stocks using … Continue reading →

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

Achieving financial freedom by making some lemonade (or chocolate oatmeal).
Discovered on 22 Apr 2016 at 10:57 pm
You know what they say about how we should make lemonade if life should throw us some lemons?  Yes, things do not always go the way we want them to. That is life. You know the saying that it does not rain but it pours?  Yes, bad things could... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Tan Sri Dr Jeffrey Cheah | Power Talks
Discovered on 20 Apr 2016 at 9:05 am
1Q 2016 income from non-REITs.
Discovered on 18 Apr 2016 at 6:45 am
This blog post almost did not get written. Thanks to this reader, it did:"Hi AK, "I read your blog on you first quarter income this year from reits. I am very inspired. I have been waiting for your blog on your first quarter income from non-reits.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

FIRST REIT: Long Term Uptrend
Discovered on 17 Apr 2016 at 12:21 am
FIRST REIT is still on the long term trend as the support at $1.16 looks strong. Currently FIRST REIT is still trading in consolidation mode. As long as FIRST REIT stays above the uptrend support (both green lines), expect more … Continue reading →

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

Is AK a rags to riches story?
Discovered on 7 Apr 2016 at 7:55 am
AK has lost quite a bit of weight. Many people are amazed. However, friends who know me well are less amazed. Others call it discipline but my close friends call it an obsession. Yes, AK can be quite extreme and can be obsessed with stuff he... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

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

A happy marriage is worth waiting for.
Discovered on 31 Mar 2016 at 7:45 am
Something I have blogged about from time to time is how people who plan to get married and have children should be financially prepared first. Have a strong financial foundation and we would have less money problems in future. I can understand why... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

1Q 2016 income from S-REITs.
Discovered on 29 Mar 2016 at 3:25 am
This is the first time I am blogging about income received from S-REITs in the first quarter of the year. So, what did I do in the S-REITs space in 1Q 2016? Honestly? Nothing. The last time I did anything was in December 2015 when I added to my... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tea with FunShine: Crystal Ball Predictions.
Discovered on 27 Mar 2016 at 9:06 pm
Diary of an InvestorFunshine's Crystal Ball Predictions I lost count of how many hours have I invested into reading or watching articles on the subprime crises or more commonly referred to the Bear followed by the the Leman Brothers collapse or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Climb stairs and learn to be better investors?
Discovered on 24 Mar 2016 at 7:00 am
Although somewhat tardy, I still reply to emails, messages and comments from readers even as I blog less frequently in recent months. So, since I blog less often, what have I been up to?I have been paying more attention to my diet and I have also... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

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

How to make a cucumber fish cake burger? Is Vitasoy Less Sugar really healthier than the regular version and Yeo's?
Discovered on 17 Mar 2016 at 10:18 pm
If I can avoid leaving the comfort of home, I will. So, if I can do a bit of cooking at home and avoid crowds at food centres, why not? However, I am not a chef extraordinaire. I also don't want to have to do a lot of cleaning up after cooking. So,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

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

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

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

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

何启斌博士 - 现在并非98, 也不是08
Discovered on 6 Mar 2016 at 1:19 am
Singapore High Yield Corporate Bonds
Discovered on 3 Mar 2016 at 10:30 am
Singapore High Yield Corporate Bonds Singapore Savings Account Rates blogspot dot com presents Singapore High Yield Corporate Bonds today to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016. 2016 Singapore High Yield Corporate Bonds rates are quoted for personal use only. Always check interest rates with the respective banks

8 Years of Singapore Savings Account Rates
Discovered on 29 Feb 2016 at 10:30 am
8 Years of Singapore Savings Account Rates It has been 8 Years of Singapore Savings Account Rates blogging! Thank you for your support. Singapore Savings Account Rates blogspot dot com started in the throes of the Great Recession in 2008. We have stayed online since then and followed changes in interest rates of Singapore savings account rates. That's 8 Years of Singapore Savings Account

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

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

Company Warrants Expiring in 2016 - Actions Needed
Discovered on 27 Feb 2016 at 1:38 am
I need to remind myself all the outstanding company warrants that are expiring in 2016 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - No action ...

1.65% p.a. for 7-Month Fixed Deposit
Discovered on 21 Feb 2016 at 10:30 am
1.65% p.a. for 7-Month Fixed Deposit Singapore Savings Account Rates blogspot site shares 1.65% p.a. for 7-Month Fixed Deposit promotion on our online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income

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

胡立陽:最麻煩一年來了
Discovered on 18 Feb 2016 at 5:46 am
Best Singapore Fixed Deposit Rates
Discovered on 17 Feb 2016 at 10:30 am
Best Singapore Fixed Deposit Rates With current SGX stock prices in the doldrums, consider switching to the best Singapore fixed deposit rates to wait out the volatility. Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 best Singapore Fixed Deposit rates and savings bond rates in Singapore. Team

5-Year SGS Bond Rates
Discovered on 14 Feb 2016 at 10:30 am
5-Year SGS Bond Rates Issue Code = NX11100X Coupon Rate = 2.25% Maturity Date = 1-Jun-21 Date | Yield | Price 29-Jan-16 = 1.89 101.84 1-Feb-16 = 1.87 101.94 2-Feb-16 = 1.86 101.99 3-Feb-16 = 1.85 102.03 4-Feb-16 = 1.87 101.94 5-Feb-16 = 1.84 102.07 * Data reflects bid rates quoted by SGS primary dealers. * Yield is quoted as % p.a. * Bond price is

曾淵滄-股市资讯专栏 12.02.2016 -->时局充满挑战,主力买蓝筹股
Discovered on 12 Feb 2016 at 5:57 am
2.0% Maybank Singapore Dollar Time Deposit
Discovered on 8 Feb 2016 at 10:30 am
2.0% Maybank Singapore Dollar Time Deposit Singapore Savings Account Rates blogspot dot com is the online presence where we share 2.0% Maybank Singapore Dollar Time Deposit rates in Singapore. Team members at Singapore Savings Account Rates hope to help you earn more interest income from savings accounts, savings bonds and 2.0% Maybank Singapore Dollar Time Deposit promotion in 2016. 2.0%

Singapore Corporate Bonds (Retail)
Discovered on 7 Feb 2016 at 10:30 am
Singapore Corporate Bonds (Retail) Today Singapore Savings Account Rates blogspot dot com shares details of Singapore Corporate Bonds (Retail) in 2016. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from Singapore Corporate Bonds (Retail) investments in 2016. 2016 Singapore Corporate Bonds (Retail) rates are quoted for personal use

Silver 40 Plus Interest Rates
Discovered on 5 Feb 2016 at 10:30 am
Hong Leong Finance Silver 40 Plus Interest Rates Singapore Savings Account Rates blogspot dot com presents Silver 40 Plus Interest Rates for 2016 in Singapore. 2016 Singapore Silver 40 Plus Interest Rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money. Silver 40 Plus Interest Rates :

UOB Fixed Deposit Promotion
Discovered on 2 Feb 2016 at 10:30 am
UOB Fixed Deposit Promotion Here are some details of UOB Fixed Deposit Promotion this pre-lunar New Year period of 2016. Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. 2016 Singapore UOB Fixed Deposit Promotion accounts rates are quoted

曾淵滄-股市资讯专栏 29.01.2016 -->我们是否正处于真正的熊市?
Discovered on 1 Feb 2016 at 1:42 am
HLF 1.99% FD Promotion
Discovered on 31 Jan 2016 at 10:30 am
HLF 1.99% FD Promotion Singapore Savings Account Rates blogspot dot com is the online presence where we share HLF 1.99% FD Promotion and other up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income

Portfolio Update - 29 January 2016
Discovered on 30 Jan 2016 at 8:49 am
The equity market got on to a very volatile start in Jan 2016. Economics slowdown in China and falling oil price (to below 30USD) sent the global stock prices into a tailspin. On some day there were even panic selling from investors. STI plunged right from the start of the month. It dropped more than 12% before recovered slightly. Not even today's rally can recover the loss. As at today, STI closed at 2,629.11, dropped 253.62 points, or 8.80% compared to end of last month. My portfolio value ...

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

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

Standard Chartered 2.05% p.a. FD Promotion
Discovered on 24 Jan 2016 at 10:30 am
Standard Chartered 2.05% p.a. FD Promotion Singapore Savings Account Rates blogspot dot com looks at Standard Chartered 2.05% p.a. FD Promotion online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income

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

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

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

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

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

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

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

專訪亞洲投資教父-胡立陽 -佈局新投資方向
Discovered on 20 Nov 2015 at 8:01 am
Company Warrants Expiring in 2015 - Actions Needed
Discovered on 10 Nov 2015 at 1:07 am
I need to remind myself all the outstanding company warrants that are expiring in 2015 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.METECH INW150627, Expiry Date: 27 Jun 2015, Exercise price = $0.02, Conversion ratio 1:1 - Warrants expired worthless.WE HOLDINGS LTD W150805, Expiry Date: 8 Aug 2015, Exercise price = $ 0.003, Conversion ratio 1:1 - Warr...

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

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

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

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

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

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

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

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

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

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

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

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

曾淵滄-股市资讯专栏 10.09.2015 - 美国加息仍是未知数,宜按兵不动
Discovered on 10 Sep 2015 at 7:29 am
600億債券待售‧MIDF:馬幣恐再承壓
Discovered on 9 Sep 2015 at 11:22 pm
My Investment Portfolio (August 2015)
Discovered on 1 Sep 2015 at 1:38 am
STI ended the month below 3000 points to close at 2921. More bad news in the market as China's shock move to devalue the yuan and worries about its slower economic growth, recent terror attack in Thailand, mass protests in Malaysia, Fed rate hike decision and also devaluation in regional currencies. The sell-down in the markets had been global, and it has been another bad month for investors. On a personal note, this month had been the most difficult market for me since I become a full-time i...

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

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

曾淵滄專欄: 今次調整屬小兒科
Discovered on 24 Aug 2015 at 4:58 pm
亞洲股匯血流成河‧馬幣止瀉無期
Discovered on 24 Aug 2015 at 4:45 pm
散戶驚慌拋售‧綜指暴跌42.53點
Discovered on 24 Aug 2015 at 4:41 pm
Scrips Dividend Scheme
Discovered on 12 Aug 2015 at 9:23 pm
Many high yield shares and trust (esp. REITs) offer scrip dividend scheme to the shareholders, i.e. shareholders can opt to receive shares instead of cash for their dividend. The advantage of the scheme is that shareholders can buy additional unit without paying commissions. The disadvantage is that he will have odd lot which is not easy to liquidate. To encourage shareholders to opt for scrip, companies will normally offer a small price discount to the shareholders.I have been subscribing to...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Cityspring Distribution
Discovered on 11 May 2015 at 4:33 am
I have been holding Cityspring Infrastructure Trust for many years. For the past 2 years, its distribution has stayed constant at 0.82 cents per quarter. This time round, the distribution announcement surprises me. Besides the usual distribution, shareholders are rewarded with 2 extra distributions due to coming merger with Keppel Inf Trust. The distribution breakdown: 1. 4Q FY2015 Distribution: 0.82 cents per CIT Unit2. Pre-Completion Stub Distribution: 0.4235 cents per CIT Unit3. CIT Specia...

30 April 2015
Discovered on 30 Apr 2015 at 7:41 pm
This month STI ended up 40.38, or 1.17% compared to end of March. Market has been quite volatile. Interesting news to note: US economic data seemed not very good, and the Fed may push back the date to hike interest rate. China economy is slowing down, but the stock market is red hot, with many "Da Ma"(大妈)opening trading accounts and push the market up. In my opinion, this is a sign of bubble forming up and is not good. Singapore corporate earnings are mix, with the banks doing very well in th...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Gran Tierra Energy (Nasdaq:GTE)
Discovered on 10 Jan 2015 at 7:47 am
Gran Tierra Energy is a conventional oil producer, primarily in Columbia.  97% of their 2013 was liquids, very little gas.  In Columbia, they have interests in 22 blocks, 5 of which are producing.  75% of their 2013 production came from the single Chaza block, in which they have 100% interest.  Their production contracts for Chaza expire after 2034.RevenueGTE pays royalties, as a percentage of oil produced on a sliding scale according to production volume. The royalty levels are a bit complex...

My stocks portfolio - Dec 2014
Discovered on 9 Jan 2015 at 8:51 pm
Genel Energy (LSE:GENL)
Discovered on 7 Jan 2015 at 6:16 am
Genel is a low cost oil producer in Kurdistan, one of the last places in the world with cheaply accessible oil.  They have minority stakes in 2 producing oilfields:Taq Taq (44% interest), produced 42680 bopd for Genel in the 9 months to Sept.Tawke (25% interest), produced 21000 bopd for Genel in the 9 months to Sept.The Kurdish Regional Government (KRG) has completed a pipeline (in green) through their territory, linking to Turkey's pipes through to the port of Ceyhan, allowing exports.  Gene...

Investment Strategy for 2015
Discovered on 1 Jan 2015 at 2:00 am
2015 is expected to be more or less the same as 2014, at least according to experts out there. GDP growth will be muted and the S'pore economy will experience growth but not a lot. In this environment, it will be difficult to have a board based kind of rally we have experienced a few years back after the financial crisis, but rather stock picking on selected stocks which might outperform others in this market.Therefore, my portfolio strategy for 2015 will be as follows:1. Look for deep value ...

My Investment Portfolio (December 2014)
Discovered on 31 Dec 2014 at 9:32 pm
STI ended the year up 6.24% to close at 3365 points. Some window dressing efforts had pushed the index up near the end of the month, though slumping oil prices continue to affect oil-related stocks. Overall, there is not much news on the corporate front, typical for the last month of the year.For this month, I have attended the following AGMs/EGMs/briefings - Mermaid Maritime, Communication Design International, Miyoshi and Second Chance Properties.For my top 30 holdings, Singa...

Oil - part 1
Discovered on 30 Dec 2014 at 6:06 pm
Oil has dropped nearly 50% in the past 6 months, due to an estimated  1m bpd excess, over 92m bpd usage.  Oil prices swing wildly with small changes in supply or demand, as it can't be stored cheaply or safely.In theory, a commodity glut ends when the price falls below the cash cost of marginal producers, eventually pushing them out:(Source - Business Insider)I believe US tight oil (shale) producers are the marginal producers. They are high on the cost curve.  And individual shale oil wells h...

Review/Reflections for 2014
Discovered on 26 Dec 2014 at 2:34 am
The year is ending soon and it is a good time to do another review piece. Bascially, not much had changed for my portfolio though markets had been volatile this year. There are plenty of market noises this year from Ebola outbreak to Hong Kong demonstrations to Russia invading Ukraine and of course, fall in oil price.Thoughout these events, I stay vested in the market, collecting dividends along the way and re-investing some back into it. The fall in oil price had hit some oil-related counter...

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

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

Indonesian Thermal Coal (part 2) - the Asian coal market
Discovered on 30 Nov 2014 at 6:25 pm
The thermal coal market is harder to understand than I imagined.  Demand should be predictable - after you build a power station, you know how much coal you can shovel into it for the next 30 years. And if many coal miner's costs are above the market price, then production must contract, and there will be an eventual recovery when a new wave of demand picks up.  But its not that simple.Seaborne trade is dependent a few big customers.  In 2013, China was responsible for about 30% of Asi...

My Investment Portfolio (November 2014)
Discovered on 30 Nov 2014 at 12:54 pm
STI ended this month up to close at 3305 points.With fewer news on the corporate front as the year draws closer to the end, investors were mostly reacting to news on the economic front and oil price. Oil producers' cartel decision not to slash output resulted in many stocks related to the oil and gas industry having a bad month in terms of share price performance.For this month, I have attended the following AGMs/EGMs/briefings - Sunningdale, MFS Tech, LippoMalls, Fraser Centrepoint, S...

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

Moutai
Discovered on 19 Nov 2014 at 8:08 am
Baiju is the most popular drink in China, and Moutai is the highest premium brand of Baiju.  It has a long, storied history.  Each bottle takes 5 years to produce.  It is only produced at a specific location (p6).In China there was a Baiju Bubble, which popped in 2012:I don't know if Kweichow Moutai itself benefited from the previous high prices, or if their distributors did.The bubble was pricked by Beijing's anti-corruption drive.  Moutai had previously focused on selling to government off...

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

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

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

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

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

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

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

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

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

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

My stocks portfolio - Oct 2014
Discovered on 2 Nov 2014 at 8:15 am
My stocks portfolio - Sep 2014
Discovered on 1 Oct 2014 at 12:47 am
Annuity plans are just a function of compounded interest benefits
Discovered on 2 Sep 2014 at 7:29 am
Today I read an annuity benefit illustration on a brochure:40 year old male contributes 24,200 yearly for 5 years. At age 65, he receives $2,000 per month (non-guaranteed) till 85 with a lump sum maturity of $72,000 (non-guaranteed). Hence the total potential return is $552,000.The insurer has a track record of meeting its projection. Hence for simplicity sake, let’s assume above are guaranteed returns.At the onset, it sounds extremely attractive to me. I can have an income to complement my C...

My stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
My stocks portfolio - Jul 2014
Discovered on 3 Aug 2014 at 1:09 am
My stocks portfolio - Jun 2014
Discovered on 2 Jul 2014 at 10:12 pm
My thoughts on CPF minimum sum, retirement and risk hedging
Discovered on 1 Jul 2014 at 9:30 pm
If you were to receive $155,000 and asked to stop working for 5 years, would you agree? How about stop working for 10 years?I have written articles on retirement and income investing long enough to know that one can never solely rely on CPF for retirement. The main reason is because majority of CPF savings are often used to fund your home purchase, the OA account usually has very little left to be set aside for retirement. Hence more often than not, the minimum sum is usually what is left aft...

4 in 10 Singaporeans Want to Retire at Age 55 ....but They Are Probably Not Saving Enough
Discovered on 18 Jun 2014 at 9:26 am
A 2014 Randstad Award survey released earlier this year indicated that almost 4 out of 10 Singaporean employees wanted to retire at age 55.  That is a full 10 years before the official retirement age of 65 in high cost Singapore.  This survey involved over 6,000 employees with ages ranging from 18 to 65.Is retiring at 55 realistic?It is not surprising that many had mixed reactions on how realistic this target is. In yet another survey by HSBC, 4 in 10 Singaporeans were found not to have set a...

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

My stocks portfolio - May 2014
Discovered on 3 Jun 2014 at 12:13 am
My stocks portfolio - Apr 2014
Discovered on 4 May 2014 at 6:20 am
My stocks portfolio - Mar 2014
Discovered on 1 Apr 2014 at 4:42 am
My stocks portfolio - Feb 2014
Discovered on 7 Mar 2014 at 8:51 pm
Newbie's IB Portfolio and New Bond Portfolio - End February 2014
Discovered on 1 Mar 2014 at 1:46 am
Newbie's IB Portfolio - Short Gold! OMG!!!!
Discovered on 26 Feb 2014 at 12:28 am
Ridiculous Initial Margins In IB For 2 Closed End Funds?
Discovered on 25 Feb 2014 at 12:02 am
Newbie's IB Portfolio - Interim February 2014
Discovered on 24 Feb 2014 at 7:38 pm
Newbie's IB Portfolio - Problems Encountered
Discovered on 20 Feb 2014 at 7:37 pm
Newbie's IB Portfolio - Inception
Discovered on 19 Feb 2014 at 8:26 pm
My stocks portfolio - Jan 2014
Discovered on 6 Feb 2014 at 9:25 pm
Research report on yield securities - SGX
Discovered on 3 Feb 2014 at 8:57 pm
Newbie's new bond portfolio performance - 2014 against Inception (31st December 2012)
Discovered on 31 Jan 2014 at 7:46 pm
My stocks portfolio - Dec 2013
Discovered on 1 Jan 2014 at 11:53 pm
My stocks portfolio - Nov 2013
Discovered on 8 Dec 2013 at 9:21 pm
My stocks portfolio - Oct 2013
Discovered on 3 Nov 2013 at 10:29 pm
My stocks portfolio - Sep 2013
Discovered on 5 Oct 2013 at 11:41 pm
Insights into Risk Management & Financial Markets: Do you think I am an idiot
Discovered on 21 Sep 2013 at 4:15 pm
Insights into Risk Management & Financial Markets: Do you think I am an idiot: 2013 is the year where markets is ‘played’ to the tune of QE and its noises. Not depression, inflation, growth, etc. My earlier post ...

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

My stocks portfolio - Aug 2013
Discovered on 5 Sep 2013 at 10:14 pm
Good savings from SRS and CPF voluntary contribution
Discovered on 24 May 2013 at 8:14 pm
It is the time of the year to pay income tax. The company owners are happy to receive dividends instead of income as they are tax a maximum of 18% at corporate level. The income I receive from REITs and listed company has already been taxed at source. Hence, I do not benefit from the corporate tax structure. For ordinary middle income Singaporeans like you and me, we can contribute to SRS and CPF (special account) to save a little on tax.I have completed my last module last year for my postgr...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Steady progress for Palm Oil industry
Discovered on 23 Sep 2012 at 11:00 am
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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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What is missing in your financial plan?
Discovered on 12 Jun 2012 at 8:00 am
A financial plan is an on-going process of fact finding, analyzing your current budget and financial goals to accomplish the final financial goal or a set of circumstances, e.g. elimination of debt, retirement preparedness, etc. If you have a sound financial plan, you could probably ignore the rest but please send me a bouquet if you find something that is 'of thought' in my post. Thanks in

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


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