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:

July 2016
Discovered on 22 Jul 2016 at 9:18 am
Results Anoouncement 15 Jul 16 : M1 (Q216) – EPS 4.4ct vs 4.7ct (Q215) ; 9ct (1H16) vs 9.6ct (1H15) ; FCF 12.3ct (1H16) vs 6.91ct (1H15) ; Div = 7ct (no change) 15 Jul 16 : SPH (Q316) – … Continue reading →

SATS : Q117 Results
Discovered on 21 Jul 2016 at 5:15 am
Press Release Presentations Financials  

SMRT : Privatisation Offer @ $1.68
Discovered on 20 Jul 2016 at 5:30 am
Press Release Joint Annc

SPH : Q316 Results
Discovered on 15 Jul 2016 at 6:03 am
Press Release Presentations Financials  

M1 : Q216 Results
Discovered on 15 Jul 2016 at 4:36 am
Press Release Presentations Financials  

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

June 2016
Discovered on 30 Jun 2016 at 5:31 am
  STI = 2840.93 (+48.20 ; +49.87 for the Mth ; -41.80 for the Yr) Stock Period Mkt DPS cts Yield EPS cts PE Div Breakdown SGX FY15 (Jun) $7.620 28.00 3.675% 32.60 23.37 Q1, Q2, Q3 4ct ; Q4 … Continue reading →

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NSL Ltd – Prefab and Precast Steel Supplier
Discovered on 24 Jul 2016 at 8:41 am
One of the participant of the 1st Sharing Session with T.U.B asked: ” With so many steel companies in your portfolio, why haven’t you considered NSL Ltd?” Thus, I decided to take a look at the financials of NSL Ltd. Profile In Short NSL Ltd, through its subsidiaries, manufactures and sells building and refractory materials, […]

IPO – EC World REIT
Discovered on 24 Jul 2016 at 5:49 am
EC World REIT is the third REIT IPO in 2016.  Only one Reit (BHG REIT) was listed in 2015.  But in 2016, we are getting into Reit fatigue already, and maybe there are a few more coming. Both Manulife US Reit (price recovered) and Frasers Log & Ind Tr are doing fine at the moment; […]

Wong Fong Industries Limited
Discovered on 24 Jul 2016 at 5:11 am
Wong Fong Industries Limited (“Wong Fong” or the “Company”) is placing out 43m shares at $0.23 each for a listing on Catalist. There is no public offering and the offer will close on 26 July at 12pm. The market cap at IPO will be $54.1m   The Company is a provider of land transport engineering […]

How to Choose An Insurance Agent
Discovered on 24 Jul 2016 at 4:43 am
Most people do not actively seek out to choose an insurance agent. In fact, it is often true that they stumbled upon their insurance agents by chance. Either these insurance agents have made cold calls, knocked on their doors, stopped them at roadshows, or were simply friends just starting out in the insurance industry. For […]

A wealth building strategy that has worked for AK.
Discovered on 24 Jul 2016 at 3:29 am
This blog post is in reply to a reader’s long and thoughtful comment on AK’s wealth building strategy which a screen capture could only snap partially: Read the full comment: here. Hi Millionfaith, Thank you for the very insightful comment. :) Here are my thoughts: 1. I agree with you, generally. However, if we invest in […]

Harnessing solar energy to reduce utility bills
Discovered on 24 Jul 2016 at 3:16 am
Solar energy in sunny Singapore Just that day, I happened to be on the topic of utility bills in Singapore. I stay in a HDB flat and my utility bills are around $150 every month. I was curious, and wanted to use an investment philosophy to deal with utility bills. Buying an asset and receiving […]

AK anyhow picks 5 stocks for income investors.
Discovered on 24 Jul 2016 at 3:00 am
Hi AK, Thanks for your reply. :) Rest assured I’m not trying to dig your portfolio value, rather, I have an planned/budgeted for a 5% yield on my portfolio returns and am not sure if this is something that is achievable or I might even be too conservative and should be aiming for something in the 7-8% range? Thanks […]

What I do on pay day
Discovered on 24 Jul 2016 at 1:26 am
I wish I could say I am one of those people that are just focused on spending time with family & friends, developing my own interests and getting stuff done at work such that I don’t even notice its pay day. But I’m not. That being said. I do enjoy engaging in all these various activities but […]

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

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

My tips on how I accumulated $100k before 28
Discovered on 24 Jul 2016 at 12:04 am
In my previous post, I talked about how I’ve hit my goal of saving $100k cash before 28. Here are some of my personal saving tips: Park your money in a high interest savings account I started off with POSB Kids Savings then switched to FRANK account in Uni and then to OCBC 360 after […]

SPDR Gold Shares (GLD): Testing Support before Going Higher
Discovered on 23 Jul 2016 at 11:34 pm
SPDR Gold Shares (GLD) is currently retracing back to find a Resistance Turned Support level at around $124-$125 (in red) before moving higher. This support zone also coincides with the uptrend channel  (in blue) support. If this support is broken, … Continue reading →

My Bull Case For Sarine Technologies (U77)
Discovered on 23 Jul 2016 at 10:42 pm
Introduction I first took notice of Sarine Technologies (“Sarine”) in early 2014. What captured my attention, aside from its skyrocketing share price ($0.10 in 2009 to $3.20 in 2014), was its stellar financial performance ever since the company changed its business model in 2009 from one-time sales to one that is more recurring in nature. However, […]

2 secrets you probably did not know about your brokerage account
Discovered on 23 Jul 2016 at 10:39 pm
We are familiar with many great resources out on the web. But one of the most overlooked resource you should consider tapping on is your brokerage service, which you probably are paying for without realizing so. Often taken for granted as a mere channel to transact, most brokerage houses provide many value-added service that could […]

Growth Stock Sharing by Ronald K - How to Spot
Discovered on 23 Jul 2016 at 7:50 pm
Had a chance to share my view on growth stocks and the returns it generate @ Sunday Times today. I was also very enthusiast about sharing my views and the way on how to spot such stocks during in my private sessions. While growth stocks take some time to grow but it's resilient to market fluctuations and would not tank down much should the general market turn sour. I can take 2 minutes to spot such stocks but the problem is one needs to be patiently waiting for the right time to enter and it ...

Would you buy into this stock now?
Discovered on 23 Jul 2016 at 7:30 pm
SMRT stock has resumed trading after the announcement that Temasek Holdings will be taking SMRT stock private. The offer price is $1.68 and SMRT stock rallied after the trading halt to trade close to the offer price. Investors who went in definitely wanted to get SMRT stock for as close a price to SMRT’s last […]

All About Market Timing and Time In The Market
Discovered on 23 Jul 2016 at 7:19 pm
After a few market cycles; Uncle8888 is rather convinced that for retailinvestors it is about Market Timing and Time in the Market for healing and rewarding. The last GFC in 2008/2009, it was about financial crisis. This crisis is about O&G crisis. Those have invested in O&G stocks in the recent years are in for rude shock and years of pains! Uncle8888 […]

Future-proof your career against retrenchments
Discovered on 23 Jul 2016 at 7:00 pm
For the 1st quarter of 2016, Ministry of Manpower (MOM) revealed a record number of retrenchments since 2009. A total 4090 workers were retrenched as Singapore economy slows down and undergo major restructuring. Is your company downsizing and are you on the retrenchment hit list? If not, have you started to future-proof your career? For many […]

Rolf’s View of the World and Singapore’s Economy – The Artificial Harvest of the Past (Part 1)
Discovered on 23 Jul 2016 at 7:00 pm
This will be the first of a series of articles ahead where I will present my views of the world and Singapore’s economy. For readers who are more sensitive, maybe it can be potentially controversial. Why? Well, opinions or predictions can always be controversial especially when people start to get too excited and serious about it. I […]

TTJ Holdings Ltd – Non-Renewal Of Tenancy For Foreign Workers Dormitory
Discovered on 23 Jul 2016 at 7:00 pm
On 20 July 2016, TTJ Holdings Ltd has announced that “BCA has not granted the Group’s application for a renewal for a further term of the tenancy for the Terusan Dormitory. Currently, the Terusan Dormitory houses approximately 5,300 workers and is the only workers dormitory operated by the Group. The Board also wishes to inform […]

Cory Diary : XIRR Performance – Mid Year 2016
Discovered on 23 Jul 2016 at 6:08 pm
Share investment is Passive as I do not need to run the business behind each stock. I am not answerable for their business. Therefore the amount of time spend researching on the stock is relatively minimal compared to typical worker effort.Many people have different kind of definitions. Mine can change overtime ! I do not […]

EC World REIT
Discovered on 23 Jul 2016 at 11:55 am
EC World REIT is offering 188,125,600 Units at S$0.81 per Unit where 7.5m units will be made available to the Public while the rest are placed out. In addition to the offering, EC World raised another S$194m through the issuance of Cornerstone Units to Bank of Communications, Fosun International and China Cinda Asset Management. EC […]

Ernest’s market outlook (22 Jul 16)
Discovered on 23 Jul 2016 at 2:08 am
Dear readers, Markets have continued to rally with the U.S indices clocking in a fourth consecutive weekly gain. Will the markets continue to defy gravity to reach new highs? Read on for more. S&P500 Index Just to recap what I have mentioned on 8 Jul 2016 (see HERE), I wrote “Given the low ADX, bearish […]

How Do I Decide To Sell
Discovered on 22 Jul 2016 at 10:49 pm
Personally I am faced with less problems when buying a share, compared to selling. As shared in an earlier post, I try to buy at a price so low that I do not have to worry about selling. However, it does not mean that you are spared from the mental struggle or sense of uncertainty […]

A lazy and fool proof way to investing for income?
Discovered on 22 Jul 2016 at 10:31 pm
Dear AK, I attended your AK with friends on Friday (15 July) and came away a bit disappointed.  Not because you did badly (in fact you were the most impressive of the 3 presenters), just that I went into the session with certain expectations... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

My June 2016 Portfolio - Growth Stock $122,000+ Up
Discovered on 22 Jul 2016 at 7:54 pm
My June 2016 portfolio when I reviewed back was a stunner. It was hella of trade but more importantly I picked the right stock for my investment, so in the short time span of 3 weeks, the stock flew and I decided to take partial profits for confidence. I don't believe the traditional way of buy, diversify and hold many stocks because if I would to do that, my focus would be lost. Personally, I prefer to put my investment into 1 counter, if not maximum 2 counters and that would be it. If I hav...

3 questions on investment strategy.
Discovered on 22 Jul 2016 at 6:03 am
Omg! You actually reply! Thanks a lot really appreciate it! Ok sorry but i have more questions! 1.       I read an article on facebook (sponsored article), that says if you are 30 years old you need to saveabout $700 per month on a 6% yield... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Jumbo - Market Depth Watching
Discovered on 22 Jul 2016 at 2:37 am
I am watching the market depth of Jumbo. The stock seemed to show some kind of short term weakness now at the peak. After so many rounds of up move despite the weak STI, the stock survived and continued it's trend up. As of now, I think it maybe time for the stock to take a breather for a lower price first before continuing the uptrend. Before that happens, the market depth had already revealed a plethora of information. Gunning it soon.Eventbrite - Register for my Investment TalkRonald K - Market Psychologist - A Stock Market Opport...

Could this be the way to financial freedom in 5 years?
Discovered on 21 Jul 2016 at 10:20 pm
Hello AK, I have been reading and following your blog. I have just started my investment journey and hopes to attain financial freedom within 5 years. Recently, I have been given an investment offer which I would like to share with you and seek... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CNMC GoldMine - Order Stopped
Discovered on 21 Jul 2016 at 8:30 pm
CNMC had a huge gap down, the stock showed some kind of weakness before it went halt and I knew it before it happened. Today what we see is the stock being sold down from a high of 0.61 to a low of 0.36 but these are all obvious selling that everybody can see. Only July 7th when the stock was at it's all time high, that's where the hidden selling occurred and back in my private forum, I was asked if the stock was still strong and my straight forward answer is no! See the above attached pictur...

EC World REIT IPO Product Highlight Sheets and Time Table
Discovered on 21 Jul 2016 at 5:53 am
EC World set to price Singapore REIT IPO near top of range – IFR EC World Real Estate Investment Trust (REIT) is set to price its initial public offering in Singapore near the top end of its indicative range to … Continue reading →

Unemployed, almost 55 and worried about CPF.
Discovered on 20 Jul 2016 at 10:55 pm
Hi AK   I have been following your useful CPF blog and learn alot. Lately I noticed something quite disturbing and what i deem as unfair.   We live a in HDB flat which had been fully paid off about 8 years ago. But I only noticed recently that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Trading Global Indices - $8800 in 4 Days
Discovered on 20 Jul 2016 at 10:49 pm
I am particularly pleased to receive such message before I go for my meeting later. This student of mine is not a young lady but a mother with 2 kids. It's not how old or young that will determine your success, but rather how much and how hungry you want to make it will determine your fortune. I know she wants to trade short term and so she asked to be my student because she wants to learn the necessary skills so as to trade any market that moves. Last week she made $2600 in indices and to se...

Advancer Global - Top Gainer
Discovered on 20 Jul 2016 at 10:13 pm
A newly listed IPO, Advancer Global was one of the top gainers yesterday and I was watching it like a hawk since the stock had a flush on Tuesday. Using the techniques and analysis I taught in my course, the stock was strong and today it shot up further to a high of 0.37 before encountering a mini sell down. I am glad that my group made $ based on what I taught them in my course to book profits from the stock instead of traditional price action. See my yesterday's post on the top gainer and l...

SMRT - Privatisation by Temasek Holdings
Discovered on 20 Jul 2016 at 9:07 pm
SMRT just got offered from Temasek Holdings for S$1.18B and the stock after 3 days of halt started to gap up today. Studying the chart, it revealed that the stock was weak instead of strong and I wasn't able to predict the buy out that happened yesterday. There was a some profit taking and distribution and the buying wasn't strong. To see the bail out of SMRT was just pleasing because the government is trying their best to make the transport system better. Could it spell more privatization of...

Pre Market - The Opening Bell @ 9am
Discovered on 20 Jul 2016 at 7:46 pm
I am waiting for the opening bell at 9am. In the pre market opening, there are some bearish bull chips for shorting because most of the blue chips counters have reached a temporary short term selling zone. Look for the ones which is dying and look more on the shorting side. It's cautious to buy anything now unless it's a stock which exudes some hidden buying which might later caught my attention. I am watching at 9am!Eventbrite - Register for my Investment TalkRonald K - Market Psychologist - A Stock Market Opportunist

A Sharing Session by Ronald K - Stocks Outlook
Discovered on 20 Jul 2016 at 6:43 am
It was an eventful sharing session last evening as I shared my strategies and some knowledge on how to do stocks rotation and the importance of picking a growth stock. To make good $ on short term, it's mostly on trading but to grow your wealth, you will need to have a skill on how to select growth stock. I will be very busy this month but the moment time allows, I will be holding private sharing sessions to share more on Stocks Outlook and certain characteristics on the current stock market ...

Top Gainer - Watching for Strength
Discovered on 20 Jul 2016 at 2:24 am
The top gainer revealed a lot of good stocks that already ran. I was comparing it to the Top Volume and indeed some stocks in the background were running for the top gainer where it wasn't in the top volume. I need to start using the top gainer to my advantage because it revealed a lot of good stocks that is not in the mainboard. I will share more about how to pick the right stocks once I figured out the top gainer.Eventbrite - Register for my Investment TalkRonald K - Market Psychologist - A Stock Market Opportunist

Saving money with good deals is common sense but...
Discovered on 19 Jul 2016 at 11:11 pm
As investors, we know that businesses that take cash from customers and enjoy credit terms from their suppliers are in a very good place. Get paid now but pay vendors much later? Wow! This is one reason why Walmart is a good business, right? When... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Geo Energy - Sinking Down
Discovered on 19 Jul 2016 at 9:52 pm
Geo Energy continued to sink after my bearish blog post yesterday. The stock was just pure weak and flushy without any major support.http://stockmarketmindgames.blogspot.sg/2016/07/geo-energy-breakdown.htmlIt looks like many retail stale bulls were trapped up there suffocating, waiting to book profits but unable to do so because of the dipping prices. I am cautious about this counter.Eventbrite - Register for my Investment TalkRonald K - Market Psychologist - A Stock Market Opportunist

Wilamr - Profit Guidance, Expects $230M Loss
Discovered on 19 Jul 2016 at 9:16 pm
Wilmar just had a super gap down today and I believe the news got to do with their profit guidance on a net loss of $230M.Picture source: http://sgx.i3investor.com/blogs/sgxstockwarrant/28832.jspHowever, based on the chart, the stock has already showed signs of weakness where there was profit taking following by a very weak lackluster of buying which contributed to the gap down today. For the past 2 weeks, a short sell was initiated on this counter and the reward is very fulfilling. Based on ...

Geo Energy - A Breakdown
Discovered on 19 Jul 2016 at 3:40 am
Geo Energy just had a breakdown today after a last week's steep rise. Everybody thought the breakout could sustain but based on my experience and encountering with this counter in the past, I will stay out no matter how bullish or strong the stock is. Today when I see the stock broke down, I knew my past losses and experienced had saved me a great deal, constantly reminding me not to touch a flushy and tricky counter. I hope no one is injured on this break down today.Ronald K - Market Psycho...

Reader has 2 questions for AK.
Discovered on 18 Jul 2016 at 11:50 pm
Q1:Reader:"Hi ak, I didn't manage to ask question during your session last fri, actually I would like to ask your "pointers" on: It's easy to buy but I would like to find out when do u sell or trim your portfolio in particular to take profit or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Trend Micro - Forying into Japanese Market
Discovered on 18 Jul 2016 at 10:23 pm
It was last Friday when I announced that we are trading other market as opposed to just trading Singapore stocks. The Singapore market had been very challenging while other markets are showing some sort of fireworks. So in my private sharing session last week, I shared a basket of Japanese stocks for short term trading and today, to receive a forum message that students were making $ using the skills I taught in the private sharing session to make $ in the Japanese market is indeed very pleas...

Noble Group - Slumpy Prices
Discovered on 18 Jul 2016 at 9:36 pm
Noble was once the powerful house when the overall general market moves. Well, gone were the heydays and at this stage, Noble seemed to be a tough stock to trade. Not only is the buy/sell Queue thick but there wasn't much catalyst for this stock to move higher. After the rights issue, the stock just had a short live surged and now dangling and struggling with higher price. By studying the chart, soon, I believe the stock will be back again, however it's going to take some months to come.Ronal...

Pre Opening - Before 9am
Discovered on 18 Jul 2016 at 7:43 pm
The pre opening was very mix. The market today looks very tough without much direction. Opportunities are getting lesser and lesser and hence when opportunities arises, do not waste it. As of now, I am staying by the fence, watching and trying to see if I could observe some good stocks.Ronald K - Market Psychologist - A Stock Market Opportunist

Non-Landed Residential Resale Property Transactions for the Week of June 27 – July 8
Discovered on 18 Jul 2016 at 9:30 am
Singapore Property News This Week #269
Discovered on 18 Jul 2016 at 9:24 am
Residential Treasure Crest priced at S$742 psf Sim Lian Group Limited has priced its executive condominium (EC) project Treasure Crest at an average S$742 per square foot (psf).The 504-unit project garnered 1,077 e-applications, after a 10-day e-application period. Sim Lian opines that the strong response to Treasure Crest is due to the development’s attractive pricing, […]

Ask Mr. Propwise #9 – What Can Be Done About An Errant Agent?
Discovered on 18 Jul 2016 at 9:22 am
Dear Mr. Propwise, I have an issue relating to my former tenant’s agent and wonder if might be a good case story to share with the other readers. Perhaps you could also give me your advice what I can do about it. It all started with my apartment being rented out to a Chinese national […]

Singapore Property Weekly Issue 269 now out
Discovered on 18 Jul 2016 at 9:16 am
In this week’s issue: Ask Mr. Propwise #9 – What Can Be Done About An Errant Agent? Singapore Property News This Week Resale Property Transactions (June 27 – July 8) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 269 by Propwise.sg on Scribd

GCCP - Traded Short Term Profits
Discovered on 17 Jul 2016 at 11:11 pm
I am so glad my student got in GCCP at 0.061 last week and when he saw it running today, he was using the same skill I taught him in the course to perform his own profit booking trades. GCCP was the only stock that recorded a 9% gain today and started to run in the morning but was hit with a short term selling zone at 0.072. I will be sharing more strategies and more of such stock tomorrow. Thanks all who registered. It's full house.Eventbrite - Register for my Whatsapp TalkshowRonald K - Market Psychologist - A Stock Market Opportunist

Reader has 4 questions for AK.
Discovered on 17 Jul 2016 at 10:02 pm
Hi AK, I am 29 this year, need some advice for building up passive income. I have been in contact with financial reading on and off about investing and stocks and stuffs, but i always find that i dont have enough knowledge and skills to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

GCCP - Unearthing Rollover
Discovered on 17 Jul 2016 at 9:18 pm
GCCP had a rollover over the past week and the stock then shot up today. In my private forum, I am happy to see students were able to identify rollovers themselves and made $$ out of it. The maneuvers I teach in my program were easy to identify because most people seemed to do it themselves after the course. GCCP went to a high of 0.072 from 0.065 opening. This suggest the rollover was in action and was in work or the stock would have suffered some selling. Congrats!Eventbrite - Register for my Whatsapp TalkshowRonald K - Market Psychol...

Top Volume Activities - Mix Up
Discovered on 17 Jul 2016 at 8:37 pm
Very tough day, Genting and Capitaland both moved up higher and higher after my sharing last week. They both showed some kind of natural strength from the market and as of now, both were at their high. Other than that, the overall market seemed quite mix without much/major movements. Who knows if there will be more action at second half of day later?Eventbrite - Register for my Whatsapp TalkshowRonald K - Market Psychologist - A Stock Market Opportunist

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

Singapore REIT Stock Shortlisting Bubble Charts July 2016
Discovered on 17 Jul 2016 at 1:03 am
Bubble chart derived from July 3, 2016 Singapore REITs Fundamental Comparison Table. Compare to previous Singapore REIT Bubble Chart; small cap, high yield and undervalue REIT like SoilBuild, Croesus, VIVA, LippoMalls and Cache, are clustered together. These Bubble Charts are used to show … Continue reading →

A Talk by Ronald K - A Very Hot Afternoon
Discovered on 16 Jul 2016 at 8:10 pm
It was a good turnout yesterday afternoon as I was delivering a speech on my recent trading discoveries and also a small sharing on the forward looking market outlook for the short term next week. Here, I want to thank everyone for coming and listen to me on a very hot afternoon weather and I hope everyone brought back something and learnt some investment philosophy I had to offer.I will catch up with you all again on Tuesday's talkshow and also watch out for the market on Monday as it presen...

Global Stock Market Indices PE Ratio At a Glance (16 July 2016)
Discovered on 16 Jul 2016 at 4:44 am
Market Indices PE Ratio for Major Stock Exchange globally US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Best Performer: UK FTSE100 up … Continue reading →

Global Indices - The Shorting Game
Discovered on 15 Jul 2016 at 10:50 pm
I am really really blessed and very happy to receive this message before heading for my market outlook talk. Yesterday's LIVE Market Watching was simply amazing because not only I shared how the global indices will be bearish before STI opened at 9am, but more importantly, the global market went south accordingly to what I predicted in front of 100 people. That's the best testament and it's as good as it gets watching me LIVE, sharing and teaching how to make forward predictions.Eventbrite - Register for my Whatsapp TalkshowI launched my...

Talking about "Evening with AK and friends" (15 July 2016).
Discovered on 15 Jul 2016 at 8:50 pm
The first "Evening with AK and friends" was, hopefully, fun and educational, for everyone. I picked up some pointers from my guest panelists, Victor Chng and Rusmin Ang from The Fifth Person too. For sure, AK doesn't know everything and has lots of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dow Jones - My Game Plan for STI
Discovered on 15 Jul 2016 at 7:49 pm
It was a good sharing session over yesterday morning where many took early leave just to come LIVE Market Watching with me. It was also during this session that I shared the bearish outlook for the overall market including Dow Jones for short term trading. The STI was bearish yesterday after my prediction in my private forum early in the morning because of some exhausted gap up and the Dow mimic the STI during the night as opposed to the STI mirroring the Dow. Click and see my outlook below.h...

Track the companies we are "Vezted" in.
Discovered on 15 Jul 2016 at 11:25 am
Ever wondered how to keep track of all the news regarding our companies? Hey AK, would like to seek your advice on a question I've been pondering: how do you recommend keeping track of press releases regarding the companies in your... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Market Outlook with Ronald K - LIVE Market Watching
Discovered on 15 Jul 2016 at 2:34 am
It was a busy and sold out morning with participants watching me LIVE as I analyze stock LIVE on the spot with an accurate market outlook prediction. Here, I want to thank everyone for taking the time to come watch and listen to me.The fruitful session reveals an reinforced learning experiences for the participants in addition they had the privilege to observed my preparation and my 'On-the-spot' action during Live Market Hours.So coming next Tuesday, I would like you to join me in my talk fo...

Jumbo - Market Depth Bullishness
Discovered on 14 Jul 2016 at 10:12 pm
Jumbo shot up today and based on the buy/sell Q I analysed yesterday, the stock just continued to soar to a high of 0.67 just now! Click and see my analysis below on Jumbo.http://stockmarketmindgames.blogspot.sg/2016/07/jumbo-market-depth.htmlToday was a superb day, the LIVE Market Watching I did was a sold out but more importantly, 2 new market was opened with everyone copying down a basket of stocks into their watchlist. :)Eventbrite - Register for my Whatsapp TalkshowRonald K - Market Psychologist - A Stock Market Opportunist

SGX - Trading Resume Today?
Discovered on 14 Jul 2016 at 6:47 pm
SGX hit with a technical malfunction yesterday and I am not sure if it will be trading today since no news was released based on the last time I checked. I will be having LIVE Trading today and pictures will be up later. I will introduce a new market instead of just trading Singapore stocks and also introduce a new way to scan stocks. It will be a sell out session because it saves time and money on buying unnecessary software screeners.picture source: http://www.straitstimes.com/business/comp...

Another special dividend from SPH in future.
Discovered on 13 Jul 2016 at 9:34 am
One of the larger investments in my non-REIT investment portfolio is in SPH. Actually, SPH is also one of my oldest investments for income.  Most of my investment in SPH is priced between $2.86 to $3.55 a share with a more recent tranche at $4.20 a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Palladium: Hanging Man!
Discovered on 12 Jul 2016 at 8:26 am
Palladium has formed a Hanging Man candlestick at the resistance. Currently waiting for bearish confirmation to confirm the reversal. Palladium looks like breaking out from a Symmetrical Triangle and need to find the support at 600 to confirm the breakout. … Continue reading →

Platinum: Hitting Resistance?
Discovered on 12 Jul 2016 at 8:02 am
Platinum has been on huge rally for the past two weeks and currently hitting the previous support turned resistance, after forming a Hanging Man. If Platinum is rejected at this resistance, a Double Tops will be in formation. Can you … Continue reading →

Wendys Co (WEN): Rebound from Support
Discovered on 12 Jul 2016 at 7:02 am
WEN rebounded from the support after forming 2 Dragon Fly Doji with a bullish confirmation on a weekly chart. WEN has a nice trading range between $9.00 and $12.00. Next Earning date on Aug 10 BMO. Fundamental Analysis: Original post … Continue reading →

Get dividends while preserving or growing capital.
Discovered on 11 Jul 2016 at 10:31 pm
Hi AK, I'm new to your blog. In searching for passive income in the past it was all about property and I never really considered REITS, stocks or funds in general. However I'm slowing accumulating these instruments in recent years to both... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #268
Discovered on 11 Jul 2016 at 9:27 am
Residential Differences in figures by SRX Property and HDB flash figures HDB resale prices fell 0.6 per cent in June 2016, compared with in May says SRX Property’s data. That adds up to a 0.4 per cent drop in the second quarter, which contradicts HDB’s flash estimates that showed resale flat prices increased 0.1 per […]

Singapore Property Auctions – Are They a Good Source of Deals?
Discovered on 11 Jul 2016 at 9:25 am
By KK Tong (guest contributor) Thinking of buying a property? You can try buying one at an auction. Most property buyers purchase their residences or investment properties via the traditional way, through a real estate agent. Recently, however, it appears that people are turning to an alternative way of buying and selling property, that is, […]

Singapore Property Weekly Issue 268 now out
Discovered on 11 Jul 2016 at 9:19 am
In this week’s issue: Singapore Property Auctions – Are They a Good Source of Deals? Singapore Property News This Week Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 268 by Propwise.sg on Scribd

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

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

How high a dividend yield is worthwhile etc.?
Discovered on 10 Jul 2016 at 1:36 am
Hi AK! Reading your recent post on your 1H 2016 income is very inspiring and I hope one day to be able to reach your level. I have a few questions that I hope you can help me with in planing my portfolio 1) How much of your portfolio do you... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read only if you want to be closer to heaven.
Discovered on 8 Jul 2016 at 10:06 pm
Heavenly! Why I suddenly like that say?I have been a bit more lax when it comes to my diet in recent days and readers who follow me on Facebook know this as I post photos of what I cook on my Facebook wall frequently. I decided to have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

EC World Real Estate Investment Trust IPO Prospectus Fundamental Analysis
Discovered on 8 Jul 2016 at 9:29 am
See EC World REIT IPO Prospectus here. Type = Industrial (China) Sponsor = Forchn Holdings Group (41% to 45% shares) Total Unit Offered =  Between 172,368,700 and 191,046,300 Units IPO Offer Price = Between S$0.76 to S$0.82 NAV = $0.88 Price / … Continue reading →

AK gets invited by the National University of Singapore.
Discovered on 7 Jul 2016 at 11:02 pm
十年树木,百年树人. I have been making donations to NUS to help needy students for years, always making sure that my donations go to bursaries but this is the first time I am being invited to the award presentation. Last year, I donated much more money... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

What did AK tell a reader who aims to save $1.8K a month?
Discovered on 6 Jul 2016 at 11:07 pm
Hi AK shifu, I have been following your blog for quite some time now (2-3 years)! I am 26 this year and have recently graduated and will be starting work next week. Over the past few years, I have made some money from trading physical goods and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why investors for income buy gold and silver?
Discovered on 5 Jul 2016 at 7:31 am
It has been a long time since I blogged about having some precious metals in our portfolio and some newer readers might not even know I blogged about gold and silver before. What do gold and silver have to do with investing for income? Sounds... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Watch out as we look for gold in the ASSI jungle.
Discovered on 4 Jul 2016 at 8:19 pm
ASSI has been around since 2009 and will be celebrating our 7th birthday in a few more months.  Many things happened in the past.  Some things good. Some things not so good. Some things not good at all. Some of the good things that happened are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

胡立陽: 英脫歐黑天鵝成定局 歐盟嚴防骨牌效應
Discovered on 4 Jul 2016 at 5:34 pm
胡立陽 : 英脫歐夢魘成真 恐掀金融風暴序幕
Discovered on 4 Jul 2016 at 5:31 pm
Non-Landed Residential Resale Property Transactions for the Week of June 20 – June 24
Discovered on 4 Jul 2016 at 9:47 am
Singapore Property News This Week #267
Discovered on 4 Jul 2016 at 9:40 am
Residential EC along Anchorvale Lane released for sale The executive condominium (EC) site along Anchorvale Lane was released for sale. It was the only EC on the Confirmed List of the Government Land Sales (GLS) programme for this year. Property consultants believe the site could draw interest from developers who have had residential projects in […]

Propexit versus Propremain – Should You Sell or Hold on To Your Property?
Discovered on 4 Jul 2016 at 9:39 am
By Property Soul (guest contributor) 23 June 2016 marks the independence of Britain which has voted to leave the European Union (EU). Other European countries are pledging to stand behind the EU. But deep down they are probably guessing which country will be next. Brexit may start a chain reaction that leads to Frexit, Grexit, […]

2% Interest From Savings Account
Discovered on 3 Jul 2016 at 11:30 am
2% Interest From Savings Account Which Singapore savings account offers 2% per annum interest on money kept in a savings account in Singapore? Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn

STE says to see crises as opportunities and accumulate.
Discovered on 2 Jul 2016 at 10:35 pm
I am happy to publish another blog post by a fellow investor and one of ASSI's more prolific guest bloggers, STE: “Creative Destruction” and The Business Cycle “Millions saw the apple fall, but Newton was the one who asked why.” By Bernard... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Compare apples with apples and learn something.
Discovered on 2 Jul 2016 at 7:12 am
Many readers think that I don't take enough fruits and vegetables and I have been making an effort to increase my intake.  I enjoy a particular brand of apples a lot, Envy. Crisp and sweet, it is probably more expensive than some apples but, hey, I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Sell 2 condomiums to buy 1 landed property?
Discovered on 1 Jul 2016 at 10:59 pm
Hi AK, I chanced upon your blog recently while searching for landed property and found your blog very interesting. I would like to have your opinion on my property search. I am in my late 40s and owns 2 condos in the OCR with my... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Solace says winter is coming and he is taking action.
Discovered on 1 Jul 2016 at 2:43 am
Sharing a comment from Solace, an ASSI guest blogger. It has been a while since he wrote and this piece is a heartfelt one. Solace says: In trying to navigate through personal finance, I have learnt not to set conventional limitations on myself.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A young father of two says money not enough.
Discovered on 30 Jun 2016 at 8:33 pm
Hi AK,I am 37 this year. Married with 2 boys, 6 and 2 year old My wife not working and take care of our children Recently I have been feeling very fan , keep thinking money not enough to bring up our kids , I had a job which I don't really like , I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Have a $327K home loan and $200K in savings.
Discovered on 30 Jun 2016 at 9:18 am
What to do? Hi, I have been following your blog for last two years and would like to have your opinion on whether to pay off my mortgage or to invest the money I have in my bank. I have a mortgage loan of S$327,000 of 12 yrs tenor at current... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

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

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

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

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

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

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

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

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

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

Company Warrants Expiring in 2016 - Actions Needed
Discovered on 4 Jun 2016 at 1:38 am
I need to remind myself all the outstanding company warrants that are expiring in 2016 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - Warrants e...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

何启斌博士 - 现在并非98, 也不是08
Discovered on 6 Mar 2016 at 1:19 am
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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

曾淵滄-股市资讯专栏 10.09.2015 - 美国加息仍是未知数,宜按兵不动
Discovered on 10 Sep 2015 at 7:29 am
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...

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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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