Investors' Blog Trackers | Value Investing @SG

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

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

Warning!

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

You have been warned!

Snapshots from Value Bloggers:

April 2016
Discovered on 30 Apr 2016 at 3:01 am
. Results Announcement 12 Apr 16 : SPH (Q216) – EPS 3ct vs 4ct (Q215) ; Div = 7ct (No Change) 13 Apr 16 : M1 (Q116) – EPS 4.5ct vs 4.9ct (Q115) 21 Apr 16 : HLFin (Q116) – … Continue reading →

SMRT : Q416 Results
Discovered on 28 Apr 2016 at 7:30 am
Press Release Financials  

HLFin : Q116 Results
Discovered on 21 Apr 2016 at 7:17 am
Q116 Results

SGX : Q316 Results
Discovered on 20 Apr 2016 at 9:45 am
Press Release Financials  

M1 : Q116 Results
Discovered on 13 Apr 2016 at 4:29 am
Press Release Presentations Financials  

SPH : Q216 Results
Discovered on 12 Apr 2016 at 5:19 am
Press Release Presentations Financials  

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...

March 2016
Discovered on 31 Mar 2016 at 5:38 am
  STI = 2840.90 (-31.88, +174.39 for the Month) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown Hong Leong Fin FY15 (Dec) 16.42 11.00 $2.380 4.622% 14.49 Interim 4ct ; Final 7ct SGX FY15 (Jun) 32.60 28.00 … Continue reading →

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 ...

February 2016
Discovered on 29 Feb 2016 at 7:40 am
Results Announcement 1 Feb 16 : SIAEC (Q316) – EPS 4.4ct vs Q315 4.13ct (9M16 12.4ct vs 9M15 12.67ct) 4 Feb 16 : SingPost (Q316) – EPS 1.84ct vs Q315 1.84ct (9M16 6.15ct vs 9M15 5.37ct) ; Div 1.5ct (9M16 … Continue reading →

STEng : FY15 Results
Discovered on 25 Feb 2016 at 6:28 pm
FY15 Results

HLFin : Q415 Results
Discovered on 25 Feb 2016 at 6:11 am
Financials

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...

China A shares: Mistake turned Multi-Bagger
Discovered on 30 May 2015 at 2:38 am
A long time ago, in blog posts far away, we discussed the merits and demerits of ETFs. It was around the earlier posts that time (2009 and 2010) that I bought into the China A share ETF thinking that buying into the country that would conquer the 21st Century made sense. As it turned out, it didn't. The only ETF that one should buy is the S&P 500. ETFs, by and large, did not help investors make money. Investing is just such a game. What looked so right doesn't turn out right after all.Buying ...

2015 High Dividend Stocks in Singapore and Global! (Part 2)
Discovered on 10 May 2015 at 2:04 am
2015 High Dividend Stocks (39-57)The third part of this year's list produced a few interesting names. Let's look at the global firms. These are household names that are likely suitable candidates for long term portfolios: Pearson, General Electric, Caterpillar, Siemens, Coach, Kimberly Clark etc. All strong companies with proven track record now looking reasonably priced at 3-3.7% dividend yields, mostly with double digit ROEs and PE in teens. Sounds too good to be true? In most cases, things...

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

Sino Grandness (T4B) AGM 2016 Takeaways
Discovered on 30 Apr 2016 at 11:00 am
Sino Grandness’ AGM was well attended by many curious and excited shareholders like myself. As usual, the management was kind enough to open the floor for Q&A, which lasted for 2 hours, before proceeding to vote on the resolutions. The Q&A provided a lot more clarity to shareholders on the current position of Sino Grandness and […]

My Stock Portfolio @ end April 2016
Discovered on 30 Apr 2016 at 7:16 am
No. STOCK NAME No.of SHARES PORTFOLIO% MARKET $ 1 SGX 4,000 14.61 7.53 2 Starhub 6,700 10.76 3.31 3 SPH 5,000 9.85 4.06 4 SATS 3,000 5.97 4.10 5 AIMS AMPI Reit 6,800 4.60 1.395 6 UOB 500 4.51 18.60 7 OCBC Bank 1,015 4.32 8.77 8 SingTel 2,190 4.10 3.86 9 CapitaMall Trust 4,000 […]

Thought on Portfolio
Discovered on 30 Apr 2016 at 2:27 am
I have been giving my portfolio some thoughts. Some time back I have reviewed my portfolio: Earnings report card (Part 1 of 2) (read here) Slice and Dice my stock portfolio (read here) I acknowledged that my portfolio has been heavily skewed towards Growth Stocks. Although I am generally happy with the strong fundamentals of most of […]

The case of a rotten Apple that wasn’t enough to spoil the market….
Discovered on 30 Apr 2016 at 2:12 am
  Apple announced its results on 26th April and the outcome was unexpected as everyone was expecting it to beat analyst’s expectation. Well, it goes to show that even gargantuan companies like Apple cannot over-perform all the time, like how we expect superheroes to always save the day in the movies. We all experience setbacks […]

STI has fallen 125 points from the high, should you buy now? (29 Apr 16)
Discovered on 29 Apr 2016 at 9:41 pm
Some of you have missed STI’s sharp 432 points, or 17% rally from the intraday low of 2,532 on 12 Feb 2016 to 2,964 on 21 Apr 2016. Chart 1: STI’s phenomenal rise since 12 Feb 2016 Source: CIMB complimentary chart as of 29 Apr 2016   Usual reasons of missing this rally are: a) […]

Singapore Straits Times Index - Coming Tuesday Game Plan
Discovered on 29 Apr 2016 at 8:30 pm
Coming Tuesday I expect the market to open a little red with sellers continue to their selling first and then there come a point where the buyers start to conduct their wave of buying @ the 2824-2829 region. As for how strong the rebound at the buying zone region, it's yet to be determine because I need to see some hidden buying or some flushes first before I can tell you if this rebound is for real. As of now, I will just watch out for the 2823-2829 region closely. Ronald K - Market Psychol...

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! ]]

Do what you like; like what you do
Discovered on 29 Apr 2016 at 8:00 pm
I’ve always envied others who knew what they wanted to do when they grew up. Me? I’ve no clue except I know I don’t like a desk bound kind of job.    My career was a series of job hopping until I found the right fit (see my story). Its more a “crash got sound” way […]

Start of a bull run for gold?
Discovered on 29 Apr 2016 at 8:00 pm
Since the beginning of 2016, gold price had seen a meteoric rise of 21%. It rose fromUSD1061 to USD1292 per troy ounce at this point of writing, representing an incredible come-back by the yellow precious metal. Traditionally seen as a safe asset class, the surge in gold price is due to the poor economic climate. The […]

Portfolio — Apr 2016
Discovered on 29 Apr 2016 at 8:00 pm
1. Change Strategic section Unrealized to represent a percentage of the total cost of Non-Strategic section 2. Strategically increased holding of First REIT at $0 cost by 0.794%, reducing holding price from $0.6163 to $0.6114 3. Strategically increased holding of MapletreeCom Trust at $0 cost by 10.71%, reducing total cost for Strategic section from $0.0979/share […]

Portfolio Update 29/4/2016
Discovered on 29 Apr 2016 at 8:00 pm
Dividend by month 1) uob singtel 2) plife suntec capitacom lian beng namlee fct 3) spost lum chang taisin 4) 5) steng sci  suntec uob sph fct 6) tcil plife ocbc 7) spost 8) metro stamland suntec plife uob singtel spost capitacom fct 9) steng sci ocbc 10) tcil lian beng ngi 11) taisin plife […]

April 2016 Portfolio Update
Discovered on 29 Apr 2016 at 8:00 pm
Stock Name No of Shares Current Price Current Value Keppel Corp 1000 $5.400 $5,400 Accordia Golf Trust 9000 $0.645 $5,805 NeraTel 5000 $0.640 $3,200 AIMS AMP Capital Industrial Reit 3000 $1.395 $4,185 Cash $680 Total Value $19,270 I had added 3000 shares of AIMS AMP Capital Industrial Reit into my portfolio this month. Keppel Corp […]

"I’ve been in banking for five years, and I don’t have any investments, because…"
Discovered on 29 Apr 2016 at 8:00 pm
You could consider this post a “Part Two” of sorts in my Investment 101 series of posts. I caught up with a few people over the past couple of weeks, and what I heard inspired me to write this, with permission from the story owners, of course. My previous post here extolled the virtues of investing early […]

My hope for FinTech in Singapore
Discovered on 29 Apr 2016 at 8:00 pm
I update our Google Sheet regularly for changes in bank account balances, shareholdings, dividend & interest income received etc. As much as I like designing the templates, graphs and charts on the different spreadsheets (which is important in understanding your personal finance situation), I always think to myself whether it is possible to have a single window on […]

Stocks I would recommend to friends (Which pictures and stock picks!)
Discovered on 29 Apr 2016 at 8:00 pm
I get this question alot 1. I just started working 2. I have 10-20k 3. Where do I park my money, without caring too much about it? Of course, the actual answer is to shove it in some savings plan, or cpf ‘shudders’. If you are not sure where to get a savings plan, just […]

Apr 2016 Portfolio Update – Growing My Passive Income
Discovered on 29 Apr 2016 at 8:00 pm
STI is still hovering between 2,800 and 2,900 points. It was a slow April as compared to March. Added the following counters: 300 shares of Keppel Corp. 2,357 shares of OUE Hospitality Trust (Rights Issue) I have invested in the Nikko AM STI ETF, using a monthly investment plan, since Aug 2013. Till date, it […]

BATTLE : Aims Amp Capital Reit vs SoilBuild Reit
Discovered on 29 Apr 2016 at 8:00 pm
At the moment, the most talked about movie is Captain America – Civil War (by the way, if you are watching the movie, which you should, do take note that there are 2 after credit scenes!). The theme of this sequel is on the war between two superhero teams (Ironman vs Captain America).  So what is […]

Cherish the slackers in your life !
Discovered on 29 Apr 2016 at 8:00 pm
Yesterday, my network of law students and lawyer friends are spreading news about the suicide of a legal trainee who was recently not retained by a reputable law firm and dumped by his girlfriend. Beyond this piece of news, I am unable to verify the information further because if it were true, it should have […]

Apr 2016 Portfolio
Discovered on 29 Apr 2016 at 8:00 pm
Market has come down a bit as expected it has rallied for the past 3 months. Next month will be a bountiful month for dividend investors as most of the Singapore companies will be paying dividends in May. I will be getting some too :) There was a saying you should sell in May and […]

The Most Important and Overlooked Personal Finance Tip
Discovered on 29 Apr 2016 at 5:35 pm
Surprisingly, most Singapore personal finance blog only talk about equity and maybe a little bit more of other things. However, most didn’t touch on the secret to achieving financial independence in the “easiest and surest” way. Living your best life, enjoying every single moment of your life, doing things because you want to, spending time with […]

What You Need to Know about Your Housing Loan in Singapore
Discovered on 29 Apr 2016 at 11:36 am
Housing loans are ubiquitous in the world of finance and real estate. Homes cost money – a lot of it – and the majority of us don’t have the money to lay down all at once. Thus, loans and mortgage systems are put in place so everyone can get the chance at their dream home, […]

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 →

Ho Bee Land – Q1 FY16 Results Review
Discovered on 29 Apr 2016 at 9:57 am
Ho Bee announced their first quarter results recently for FY16, so I thought of covering a few thoughts here. The company reported a 19.9% increase in the rental income year on year from $31m to $37m due to contributions from the 3 new acquisitions in London in the 2nd half of 2015 – mainly 39 […]

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...

Sino Grandness - A Short Sell During LIVE Trading, 80 Participants
Discovered on 29 Apr 2016 at 3:35 am
It was on Monday's LIVE Trading that I spotted Sino Grandness. It took me close to 45 minutes before I gave a call to all participants who came for my LIVE Trading 4 days back. Click the below link and read.http://stockmarketmindgames.blogspot.sg/2016/04/live-trading-with-ronald-k-usual-900am.htmlThere were about 80+ participants during the LIVE Trading session and I must say it was an eye opener. Why? Because not only it took some time to scan for the right stocks but more importantly it was...

OCBC - I Am Shorted Down
Discovered on 28 Apr 2016 at 9:00 pm
OCBC experienced some selling after my morning bearish post @ 9:16am LIVE on my blog!http://stockmarketmindgames.blogspot.sg/2016/04/ocbc-bearish.htmlThe sellers were still persistent and should there be any form of buying, it's mostly weak and hardly any real buyers at the moment. Ronald K - Market Psychologist - A Stock Market Opportunist

OCBC - Bearish Mood, Short Me
Discovered on 28 Apr 2016 at 8:16 pm
I am short term bearish on OCBC. The stock has no real buyers supporting the price. It seemed as though all the buyers from the previous run up has disappeared and exhausted their buying which caused the sellers to start book profits. It will be in my shorting list. Get ready your CFD account. Update: 29/4/2016, 9:41amOCBC down after my morning LIVE call on the blog!Ronald K - Market Psychologist - A Stock Market Opportunist

胡立陽: 掌握財富重分配
Discovered on 28 Apr 2016 at 9:07 am
Singtel - A SOMM WhatsApp Short Sell Call, Swing Trade
Discovered on 27 Apr 2016 at 10:41 pm
People used to think I only play penny stocks but in fact, I am well versed in all counters be it penny stock, blue chips or mid caps. They are all similar and as long as there are charts and Top volume to aid me, I can scan good/bad stocks, find a good entry point and make a good trade out of it.Last Wednesday April 20th, that was the case for my SOMM Team in Singtel. I was watching this counter closely before decided that the BBs were unloading on that day and hence I decided to give a What...

Top Volume - The Extra Scanner
Discovered on 27 Apr 2016 at 9:44 pm
The market seemed to simmer off as of now. However in this Top Volume list, it presents some good stocks for contra swing trade while an extra scanner is needed for scouting the right counter. As I continue to monitor the list of stocks, it seemed as though the buyers are holding it well even though there were sellers looking to lock in $$. I need to pick that one winner stock and I may give it in my private forum or Whatsapp. Watching it closely. Ronald K - Market Psychologist - A Stock Ma...

AusGroup - It's Up 4 Pip
Discovered on 27 Apr 2016 at 8:45 pm
Ausgroup is up 4 pips to 0.122 since my bullish morning blog post at 8:21am before market opened. I was patiently waiting for a flush but it did not happen and soon after the stock opened 0.12 and hit a high of 0.122. The bullish setup was obvious as posted earlier but I did not expect it to up 4 pips so fast. It's still in my watchlist, watching it closely. Ronald K - Market Psychologist - A Stock Market Opportunist

AusGroup - I Am Studying
Discovered on 27 Apr 2016 at 7:21 pm
I am studying Ausgroup at the moment with extra care. It seemed as though the buyers were weakened by the persistent sellers and the lackluster of a grand breakout. At this moment, I am waiting for a flush to happen first and if it does, that could be my signal to get ready to hop in. The stock has some bullish setup but the timing to get is tricky. It's in my watchlist. Ronald K - Market Psychologist - A Stock Market Opportunist

IEV - A Whatsapp Call, 9:05am
Discovered on 27 Apr 2016 at 3:32 am
A Whatsapp and private forum call was given earlier in the morning @ 9:05am. IEV was one of the hottest stock today and hence when it was about to breakout at 0.09, a Whatsapp message was sent out to all students in the Whatsapp list. The stock ran with heavy volumes and shot at high of 0.094/0.095 for 2 times. At that point of time, I decided to give a sell call in my private forum for those who wants to lock in fast $$. From just now till now, the stock tumbled to currently 0.09, back to th...

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 →

Top Volume - Whatsapp Stocks
Discovered on 26 Apr 2016 at 9:06 pm
This is the most important snapshot and screen capture of the Top 30 Volume, 1 hour after market opened. There are some important counters which showed strength while other seemed to have simmer off with sellers. I am capturing and watching for the right counter and stocks for my next Whatsapp Alert. I will be conducting a Whatsapp talk next Tuesday, interested people can register. Ronald K - Market Psychologist - A Stock Market Opportunist

Rickmers Maritime - Do It Yourself
Discovered on 26 Apr 2016 at 7:39 pm
It's pleasing to receive such messages that students spotted Rickmers Maritime yesterday based on the strategies I taught and do the trades themselves. It was a good spot before the breakout and the reward was amazing as Rickmers Maritime broke out thereafter and had a good 12.24% gain intraday. I will train more such students as we have providing some free service to all students. More to come soon.Ronald K - Market Psychologist - A Stock Market Opportunist

QT Vascular - Buy 0.104, Sold 0.109
Discovered on 26 Apr 2016 at 4:51 am
QT Vascular just finished the intraday mini selling but because the trade was due contra, it had to be unloaded. The low was 0.107 and the high was 0.110 today. This student of mine just unloaded at 0.109 which was at the peak today because of the market condition turned unfavorable for penny stocks. It wasn't the best trade but it was an overall profit of $2000 in 3 - 4 Contra days. I will need to observe and look for more stocks tomorrow.Ronald K - Market Psychologist - A Stock Market Opp...

Sincap - A Fast Scalp with 1000 Lots
Discovered on 25 Apr 2016 at 9:30 pm
A fast scalp in Sincap earlier with 1000 lots and sold already. Today many stocks ran including HTL Intl and Imperium Crown but I wasn't really interested because I have a stringent stocks selection process. It was also a day I monitor my own calls and see how far I can go with OKH as a early call given to everyone who visited and read my blog in the morning. OKH wasn't traded in the Top 30 Volume when market opened earlier but in the end, it became one of the top 10 stocks that was heavily t...

OKH - The Game Plan Ran, LIVE!
Discovered on 25 Apr 2016 at 8:48 pm
What more can I say? The morning bullish blog post on OKH was spot on @ 8:41am! The stock broke out heavily 30 minutes later after market opened according to my game with the Big Boys indeed buying strongly! The planning of the breakout was simply easier to read before it happened and yes, for those who went long, congrats, you are in the $$ now!! Will share more in the workshop later on how did I know and how did I spot it!Eventbrite - Register for FREE Stock Trading with Ronald KRonald K - Market Psychologist - A Stock Market Opportunist

OKH Global - Big Boys Planning an Up Move
Discovered on 25 Apr 2016 at 7:41 pm
Studying the chart for OKH Global, I can foresee that the Big Boys are planning for an upmove to come. However before the upmove, I expect some flushing first or depressing of the prices a little more first before the up move resumes. With that being said, of course, those 2 scenarios may not happen and the upmove may just resume later. Do note that this is a risky stock and high risk counter, be careful and alert when you trade it. I am watching this counter.Eventbrite - Register for FREE Stock Trading with Ronald KRonald K - Market Psychologist -...

Non-Landed Residential Resale Property Transactions for the Week of April 11 – April 15
Discovered on 25 Apr 2016 at 11:35 am
Singapore Property News This Week #257
Discovered on 25 Apr 2016 at 11:30 am
Residential HDB resale prices in Q1 remain flat Quarter-on-quarter, HDB resale prices have fallen by 0.1% in Q1 this year. Resale transactions fell 10.9% from 4,992 units in Q4 last year to 4,449 units in Q1 2016. Market experts believe that this was due to the festive season in February, which is also a shorter […]

Do Property Agents Add Any Value? Should Individuals Be Free to Transact Their Own Properties?
Discovered on 25 Apr 2016 at 11:27 am
By Various Guest Contributors Our last article Is the CEA Being Fair to Property Agents? touched off a raw nerve in Propwise.sg readers – I received a number of lengthy emails debating the points made in that article, particularly on whether individuals should be free to transact their own properties or be forced to engage […]

Singapore Property Weekly Issue 257 now out
Discovered on 25 Apr 2016 at 10:15 am
In this week’s issue: Do Property Agents Add Any Value? Should Individuals Be Free to Transact Their Own Properties? Singapore Property News This Week Resale Property Transactions (April 11 – April 15) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 257 by Propwise.sg

Sysma - Painful Unloading
Discovered on 25 Apr 2016 at 7:30 am
Sysma experienced a painful unloading with a huge amount of sellers throughout the day after the initial unloading was done @ 0.109. Longed @ 0.104 and closed the position @ 0.109. Contra over 2 days with a decent profit of $500 is not bad considered the stock suffered some heavy selling towards the afternoon.http://stockmarketmindgames.blogspot.sg/2016/04/live-trading-with-ronald-k-usual-900am.htmlThe whole market was mix in the morning and was down at the second half of the day as it was pr...

LIVE Trading with Ronald K - A Usual 9:00am Sell Out Crowd
Discovered on 24 Apr 2016 at 9:30 pm
Did a LIVE Trading today @ Phillip Capital in he morning at 9:00am. As usual, there is a lot of people and everyone who came today had a chance to see how I masterfully select, patiently wait for a stock before execution. We did not traded Sysma but another stock instead. Sysma was a stock that was held over the weekend since last week as per blog post below:http://stockmarketmindgames.blogspot.sg/2016/04/sysma-qt-vascular-live-trading-with.htmlI am happy to see so many students benefited and...

Sysma, QT Vascular - LIVE Trading with Ronald K, LIVE Action
Discovered on 24 Apr 2016 at 6:46 pm
OKH ran during the last hour on Friday with a fierce pierce through with high amount of buyers. On our side, we spotted Sysma too and is riding on the trade till next week to see how the stock performs. On Friday, a profit was also made in QT Vascular for a fast quick scalp and decided to book profits fast so as to channel the effort into Sysma instead. My workshop for next Tuesday is almost full house again with the people who are hungry and serious to make $$. I will be conducting a LIVE Tr...

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

U.S. Markets Move Higher Amid Mixed Earnings(SPY)
Discovered on 24 Apr 2016 at 9:18 am
By Justin Kuepper | Updated April 22, 2016   The U.S. markets moved higher over the past week, as of Thursday’s close, amid mixed first quarter earnings. With just over a tenth of the S&P 500 having reported their numbers, 76% have … Continue reading →

CAD Investigation on Insider Trading and Market Manipulation - Read This!
Discovered on 23 Apr 2016 at 7:20 pm
The news came in citing that the CAD is hammering down on market manipulators on four major brokerage house for insider trading and breaching of the Securities and Futures Act. All suspicious remisiers were taken for questioning where documents, phones, and laptops were seized for ongoing investigation. Now the news is hot and viral in the media now and if you are interested, you can click the below links to read more.http://www.bloomberg.com/gadfly/articles/2016-04-22/not-another-singapore-s...

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! ]]

A Highly Anticipated PPT For my Workshop - Only 15 People
Discovered on 22 Apr 2016 at 8:58 pm
Just completed a highly anticipated slide for my workshop next Tuesday. It took me a few hours to masterfully craft it and penning down my thoughts, ideas and methods into this one must see PowerPoint slide which sums up everything I have to give on my simple yet powerful timing strategy. I shouldn't be sharing this slide since it contains some holy grail method but I decided to share it for the 15 people who will be coming for my workshop next Tuesday.The lesser people who knows about it, th...

FREE Stock Trading with Ronald K - Registration First
Discovered on 22 Apr 2016 at 11:28 am
There were a lot of people coming for my sharing session last evening. Here, I would like to thank all of you who make your way down and come listen to me and learn from me. Yesterday, I shared many wonderful strategies but more importantly the trades that we did collectively as a group this week with mostly profits. From Anchor Resources, Spackman, China Everbright to IEV, it was hella week for me and my team. Please scroll my blog page by page and you shall see our records one by one.Coming...

Anchor Resources - Sold at Distribution
Discovered on 22 Apr 2016 at 2:24 am
Sold the last tranche of 100 lots of Anchor Resources at the distribution zone of 0.128. After unloading, the stock reacted now to 0.124/0.125 without any real form of buyers now. The buyers suddenly went hibernating and maybe the timing was not right to conduct a rally/breakout again. I don't know but who cares? Already made $$ in Anchor Resources in the morning in just 14 minutes and the job was done. $$ in the pocket, that's all it matters! The workshop tonight is sold out. Thank you all a...

Singhaiyi - Final Scalp Today
Discovered on 21 Apr 2016 at 10:24 pm
 A final scalp for today. Did not managed to sell everything at 0.134 and it was only partially filled but well, another pip down @ 0.133 was also not bad. The market is hard to trade today with only a handful of stocks can be traded with profits. Thanks all who registered for tonight's workshop. See you all soon!Ronald K - Market Psychologist - A Stock Market Opportunist

Anchor Resources - Round 3, Attack Team, We Sold at Peak, 0.129 / 0.13
Discovered on 21 Apr 2016 at 9:03 pm
It is a good Friday today and yes as usual when I make a promise to myself, I will do my very best to deliver it. This morning I made a blog post saying that I will make $$ and yes, we just made $$ on Anchor Resources again but this time round with my Attack Team where we finished our trades in a short intraday 14 minutes. Longed at 0.123-0.125 and sold at peak when it reached 0.129 / 0.13! The Whatsapp was from my phone and it was sent out to all participants in my attack team. There was a s...

Singapore Straits Times Index - An Opportunity Shorting
Discovered on 21 Apr 2016 at 7:39 pm
The market now presents an opportunity for shorting. It seemed as though the blue chips are exhausted and it's now ripe for a good short. When the market opens later, I will not short immediately but watch out for the right timing before shorting the right counter. I will do my best to make $$ today. Anyone joining?Ronald K - Market Psychologist - A Stock Market Opportunist

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
Non-Landed Residential Resale Property Transactions for the Week of April 2 – April 8
Discovered on 18 Apr 2016 at 9:25 am
Singapore Property News This Week #256
Discovered on 18 Apr 2016 at 9:22 am
Residential Rental transaction volumes increase in March in private and public residential market while rentals fall In March, the rental volume for condos, private apartments and HDBs have increased as rentals decline. Market experts believe that the increase in rental volume is likely to be due to rental renewals and the tenants hopping from one […]

Is the CEA Being Fair to Property Agents?
Discovered on 18 Apr 2016 at 9:20 am
By Person of Interest (guest contributor) In one of the replies to a Forum writer of The Straits Times a couple of years ago, the Council of Estate Agencies(CEA) cited that, consumers can carry out their own transactions by familiarising themselves with the property transaction process – just by looking up the relevant government agencies’ […]

Singapore Property Weekly Issue 256 now out
Discovered on 18 Apr 2016 at 9:18 am
In this week’s issue: Is the CEA Being Fair to Property Agents? Singapore Property News This Week Resale Property Transactions (April 2 – April 8) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 256

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

ChartAdvisor for April 15, 2016
Discovered on 17 Apr 2016 at 7:28 am
By Justin Kuepper | April 15, 2016   The U.S. markets moved sharply higher over the past week, as of Thursday’s close, driven by the improving economy and dovish signals from the Federal Reserve. While expectations for first quarter earnings were low, many companies … Continue reading →

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 →

Global Stock Market Indices PE Ratio At a Glance (17 April 2016)
Discovered on 16 Apr 2016 at 11:42 pm
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: Indonesia JCI … Continue reading →

Non-Landed Residential Resale Property Transactions for the Week of March 26 – April 1
Discovered on 11 Apr 2016 at 9:42 am
Singapore Property News This Week #255
Discovered on 11 Apr 2016 at 9:34 am
Residential Retail rental falls due to weak demand According to data from DTZ, retail rental fell in Q1 due to weak demand. Vacancies have also climbed that quarter as occupancy fell 1.6% from 2015 to 91.9%. The average monthly first-storey rents have dropped 1.2% quarter-on-quarter to about $30.15 psf in Q1 this year, which is […]

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

Singapore REIT Fundamental Analysis Comparison Table – 10 Apr 2016
Discovered on 10 Apr 2016 at 11:04 am
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 724.47 to 722.93 (-0.21%) compare to last post on Singapore REIT Fundamental Comparison Table on Mar 2, 2016. The index has broken above 200D SMA resistance at about 722 and is currently … Continue reading →

ChartAdvisor for April 8, 2016
Discovered on 10 Apr 2016 at 10:36 am
By Justin Kuepper | April 08, 2016   The U.S. markets moved lower over the past week, as of Thursday’s close, as traders looked to reduce risk in their portfolios. After the Federal Reserve took a more dovish stance, there’s a lot of uncertainty … Continue reading →

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! ]]

ChartAdvisor for April 1, 2016
Discovered on 3 Apr 2016 at 8:01 am
By Justin Kuepper | April 01, 2016   The U.S. markets moved higher over the past week, as of Thursday’s close, following Federal Reserve Chairwoman Janet Yellen’s dovish comments. In her remarks, Ms. Yellen expressed concerns over the impact of a stagnant global economy and low … Continue reading →

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 ...

Singapore REIT Stock Picks Bubble Charts Mar 2016
Discovered on 29 Mar 2016 at 9:05 am
Bubble chart derived from Mar 27, 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 →

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! ]]

Tea with TheMinimalist: How I Made 300%+ Returns (US$1,930) On One Trade In Less Than 24 Hours (Part 1).
Discovered on 16 Mar 2016 at 9:56 pm
After a long break, here is another guest blog by a regular reader, TheMinimalist: How I Made 300%+ Returns (US$1,930) On One Trade In Less Than 24 Hours (Part 1)   I was scrolling through Facebook on Sunday morning when I saw AK sharing an... [[ 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

Who make the best investors for income?
Discovered on 13 Mar 2016 at 10:00 am
I didn't have anything planned for the day. So, I decided to surprise some hard working people at Dividend Machines' workshop with my first public appearance in 2016. For sure, I am glad to hear that there are many more people who are now interested... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tea with FunShine: Diary of an investor.
Discovered on 12 Mar 2016 at 1:22 am
This is a well written guest blog by FunShine who is another good example of prudence in personal finance and discipline in investing for income: Diary of an Investor 1. Ever since I have become more open with my portfolio, you get different... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

Tea with FunShine: Investment Philosophy.
Discovered on 8 Mar 2016 at 1:17 am
This is a guest blog by Funshine: My Investment Philosophy 1. Bought OCBC 2 years ago before the rights issue. Traded it a little during that time 😊 2. Been buying all the way from $9+ till $7.69. Haven't booked my losses yet as I closed my... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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
Financial prudence at any age.
Discovered on 4 Mar 2016 at 12:04 am
Is there anything I would do differently if I could turn back the clock? A letter from a reader: Hi AK, My husband just passed his 31st birthday last month and mine is coming up soon. We are curious... Turning back time, what would you have done... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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 ...

Tea with STE: How I stage and apply my war-chest in current volatile market.
Discovered on 24 Feb 2016 at 9:32 pm
This is another guest blog from fellow early retiree, STE:   I guess everyone would have their own strategies or methods to use their war-chest in hoping to get the best return from the market.  Since our “war-chest “ is quite limited , sometime... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

An invitation to visit the MAS Gallery.
Discovered on 23 Feb 2016 at 8:56 pm
I received some information from the Monetary Authority of Singapore on the launch of the MAS Gallery and have been invited to tour the Gallery. However, as I won't be able to go anytime soon, I am sharing the information here in my blog so that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Reader is disappointed and AK tries to explain.
Discovered on 21 Feb 2016 at 5:23 am
I thought about whether to share this but decided that it is probably a good idea to do so in case there are others who think the same way:"AK, "Straight to the point. I am very disappointed in you.  "I have been following your blog for more than... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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
The CPF is really a national PONZI scheme!
Discovered on 17 Feb 2016 at 10:08 pm
Has AK changed his tune about the CPF? Pause. Pause. Pause. What say you?Till now, I still meet people who say that the CPF is a PONZI scheme and would look at me with utmost suspicion when I talk to them about maxing out our CPF benefits as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Build Dividend Machines for a more secure retirement.
Discovered on 14 Feb 2016 at 7:48 pm
Recently, I have been blogging more about the CPF and how to make it a cornerstone in our retirement funding strategy. The operative word here is "cornerstone". When we build a house, we need a strong foundation. A cornerstone is part of that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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
AK is showing off his CPF numbers graphically.
Discovered on 12 Feb 2016 at 1:32 am
This is probably something that quite a handful of CPF members struggle with. Although I cannot say that what has worked for me would definitely work for them, I can say, if we believe in having some investment grade bonds in our portfolio, that it... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

2 questions for investors losing sleep due to their losses.
Discovered on 10 Feb 2016 at 4:28 am
Sharing a recent conversation with a reader: Good day to you AK, - Long message ahead -  I have been following your blog for some time since around 2 years ago, have not read all your posts, just most of what's on your sidebar. You blog... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AK has been brewing something good!
Discovered on 8 Feb 2016 at 6:59 pm
Someone asked me why have I not blogged about stuff I eat and drink for so long? Has it been very long? Maybe so.  I have been somewhat lazy when it comes to blogging but my habit of spending time on preparing many of my own meals has not... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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 :

Good luck and good fortune in the Monkey year!
Discovered on 4 Feb 2016 at 8:59 pm
The Year of the Monkey is knocking on our doors. Children and old folks usually like Chinese New Year. Children probably enjoy collecting red packets and old folks enjoy more time with family.  Some people might prefer to go for a short holiday.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

4 ideas related to the repayment of housing loans.
Discovered on 2 Feb 2016 at 10:51 pm
A conversation on housing loan and the CPF: Hi AK, First of all, Happy New Year to you and your family. I’m a 36 yr old engineer who has been following your ASSI Blog for few years already and like the rest, have benefited from your valuable... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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
CIMB Lunar New Year Fixed Deposit Promotion
Discovered on 17 Jan 2016 at 10:30 am
CIMB Lunar New Year Fixed Deposit Promotion CIMB Lunar New Year Fixed Deposit Promotion details are listed below. This is a sharing of CIMB Lunar New Year Fixed Deposit Promotion for your reading. 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

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
2016 Savings Bond Interest Rate
Discovered on 10 Jan 2016 at 10:30 am
2016 Savings Bond Interest Rate Singapore Savings Account Rates blogspot dot com is the online presence we share the best, the latest and the most up-to-date 2016 Singapore savings account rates in Singapore. Our team at Singapore Savings Account Rates is motivated to help you earn more interest income from savings accounts, savings bonds and other similar fixed income investments in

OCBC 1.7% Fixed Deposit Promotion
Discovered on 6 Jan 2016 at 10:30 am
OCBC 1.7% Fixed Deposit Promotion Singapore Savings Account Rates blogspot dot com is the online presence where we share OCBC 1.7% Fixed Deposit Promotion 2016 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 2016. 2016 Singapore OCBC 1.7% Fixed Deposit

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...

Singapore 6% Savings Interest Rate Update
Discovered on 3 Jan 2016 at 10:30 am
Singapore 6% Savings Interest Rate Update Singapore Savings Account Rates blogspot dot com is the online presence where we share the Singapore 6% Savings Interest Rate Update in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from this Singapore 6% Savings Interest Rate Update in 2016. 2016 Singapore 6% Savings Interest Rate

2016 Singapore Savings Account Rates Promotion
Discovered on 1 Jan 2016 at 10:30 am
2016 Singapore Savings Account Rates Promotion We highlight several pertinent savings account rates changes for the new year 2016 in this Singapore Savings Account Rates blogspot dot com's 2016 Singapore Savings Account Rates promotion post today. Singapore Savings Account Rates's team members are motivated to help you earn more interest income from savings accounts and other similar fixed

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 Singapore Savings Rates
Discovered on 31 Dec 2015 at 10:30 am
2016 Singapore Savings Rates Happy New Year ! Happy 2 0 1 6 ! Happy Twenty Sixteen ! Happy Two Zero One Six ! Read our 2016 Singapore Savings Rates in the year 2016 as we share interest rates of Singapore savings accounts with you in the coming weeks and months of 2016. The TeamSingapore Savings Account Rates.

Savings Deposit Rates Promotion
Discovered on 30 Dec 2015 at 11:30 am
Savings Deposit Rates 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 2015 / 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

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...

Route towards Financial Freedom - Breaking down the target into smaller goals
Discovered on 29 Apr 2015 at 9:46 pm
When I started my journey towards financial freedom some years back, I started to record my monthly expenses to see how much I need in passive income to cover these expense. The first finding was scary. The expenses and potential expenses (e.g. medical expenses for aging parents, eventual overseas studies cost for kids etc...) made me feel that I would never reach the state of FF. It seemed to be a number too big to achieve.Then I started to breakdown the expenses into smaller groups:1. Essen...

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 Investment Portfolio (October 2014)
Discovered on 31 Oct 2014 at 2:58 am
STI ended this month down to close at almost the same level as last month. The market had been very volatile as it had to digest news from the economic front, Ebola outbreak updates, US Fed meeting decision etc. The fall in oil price also affected oil-related stocks. It seems that markets had been reacting to newsflow everyday rather than focusing on company fundamentals. Markets were down for most of the month until the last week when news of Bank of Japan stimulus package managed to drag ST...

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

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


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