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:

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

May 2015
Discovered on 29 May 2015 at 8:23 am
.     Results Announcement 12 May 15 : SBSTransit (Q115) – EPS 1.54ct vs 1.07ct (Q114) 12 May 15 : SingPost (Q415) – EPS 1.625ct vs 1.42ct (Q414) / 6.849ct (FY15) vs 6.746ct (FY14) ; Div 2.5ct / 6.25ct … Continue reading →

AusNet : Q4 Results
Discovered on 13 May 2015 at 7:55 pm
Presentations   SGX Annc

SATS : Q4 Results
Discovered on 13 May 2015 at 7:48 pm
Press Release   Presentations   Financials

Singtel : Q4 Results
Discovered on 13 May 2015 at 5:33 pm
Press Release   Presentations   Financials

ComfortDelgro : Q1 Results
Discovered on 13 May 2015 at 9:13 am
Press Release   Presentations   Financials

STEng : Q1 Results
Discovered on 13 May 2015 at 9:00 am
SGX Annc

Singpost : Q4 Results
Discovered on 12 May 2015 at 9:56 am
Press Release   Financials

SBSTransit : Q1 Results
Discovered on 12 May 2015 at 9:49 am
Financials

SIAEC : Q4 Results
Discovered on 12 May 2015 at 9:45 am
Press Release   Presentations   Financials

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

April 2015
Discovered on 30 Apr 2015 at 11:05 pm
    Results Announcement 13 Apr 15 : M1 (Q115) – EPS 4.9ct vs 4.6ct (Q114) 14 Apr 15 : SPH (Q2 – Feb15)) – EPS 4ct vs 5ct (Q214) / 8ct (1H15) vs 11ct (1H14) ; Div 7ct (No … Continue reading →

2015 High Dividend Stocks in Singapore and Global! (Part 1)
Discovered on 7 Apr 2015 at 8:58 pm
It's time for the annual dividend stock list! For this year, we have included the global major markets in the universe to spice things up a little. We already know all the good Singapore names: SIA Engineering, CSE, M1. The value add and effort of using this screen to find another good gem in Singapore really doesn't pay off as well after years screening and more years of research. So we cast a wider net and look at global names. Now, the world is our oyster!2015 High Dividend Stocks (1-19)Fi...

Tribute to Singapore's Titan: Lee Kuan Yew
Discovered on 24 Mar 2015 at 10:02 am
To me, Lee Kuan Yew and Goh Keng Swee were the best political duos the world had ever seen. Our two Titans who shared tremendous intellect and common goals started with bold ideals to provide for the people, then went on to build a nation from scratch, from a kampung to a global hub, from third world to first. They are true heros. I wrote with intensity for Dr Goh five years ago. Mr Lee deserves as much respect as our first Prime Minister, as our leader, and indeed, as our founding father. Ho...

CNY Post - Business Moats. Must Read!
Discovered on 24 Feb 2015 at 5:02 am
Investing is about finding discounts (or margin of safety). The discount is the difference between the intrinsic value of the company, and the current stock price. Intrinsic values of companies do not change daily. Good companies can grow or compound value. Bad firms destroy value. So the trick is to find good companies, and buy them cheap or at a fair price. They only get really cheap during financial crisis. In normal times, like now, we have to look hard. It is not easy but not impossible....

Genting's Management and Financials
Discovered on 29 Jan 2015 at 12:49 am
Geez 2015 came and the first month is ending! Time and tide really waits for no man. In investing, time helps in compounding, and we just have to keep reminding ourselves that we need to act early and incrementally while we are young. Because, if we don't, before we know it, we are 40, or 50 and the first half is gone and we are into half-time. Need to think quickly how we want to play the second half.Today, Let's continue our analysis on Genting. We answered the first few questions: what's t...

Happy New Year! First Post of the 2015: Think Long Term
Discovered on 2 Jan 2015 at 7:46 pm
Happy New Year folks, it's a new year and a new start. This is a short post just to illustrate a simple point: Think Long Term. The effects of good habits and efforts show up over time. This is true for both stocks and our own personal development.Here's two charts to illustrate this point.Long term stock price chart for Jardine C&CThe chart above shows the 14 year price chart for Jardine Cycle and Carriage, one of the the components of our STI index. It's core business is in automobile distr...

Herbalife Dying - Part 2
Discovered on 17 Dec 2014 at 7:30 pm
This post continues from Part 1.So what's so bad about Herbalife? Obviously not every Nutrition Club is gonna make money and not everyone would benefit from nutrition drinks. Isn't it a case of buyers beware? I guess every argument can always be framed on a spectrum. On one hand, Herbalife gives everyone an opportunity to become financially free, and while they are at it, drink lots of overpriced nutritional shakes and sells that to a dozen friends and help them lose weight as well. That's wi...

Herbalife Dying - Part 1
Discovered on 21 Nov 2014 at 9:46 am
We have to digress from Genting a bit given that this story is probably worth telling. We shall get back to Genting soon, hopefully the stock stays low! Ok, Herbalife, as most people would know, is an MLM scheme. MLM stand for multi-level marketing which is a legalized form of pyramid or ponzi scheme. We shall get into this in more detail later. Back to Herbalife. Herbalife sells some nutrition stuff by recruiting people to sell to their friends and their friends hopefully sell to even more f...

Genting Singapore
Discovered on 1 Nov 2014 at 9:23 am
The author owns Genting and dollars in this post refers to SGD.Genting Singapore has recently dropped to multi-year lows and the stock at this level looks increasingly interesting. The stock has fallen from its high of $2.30 in 2011 to a dismal $1.04 as investors lamented about the lack of growth and the looming accounts receivables on its balance sheet. Genting, needs no introduction. It started the first casino in Malaysia some 40 years ago and was awarded the licence to run the Resorts Wor...

What is Your Legacy?
Discovered on 10 Oct 2014 at 2:26 am
"Seize the day. Gather ye rosebuds while ye may, because... we are food for worms."  - Robin Williams  as John Keating from Dead Poets Society.We are all food for worms. From the moment we were born, the clock started ticking. We will spend no longer than a dozen decades in this universe. For most of us, it's about 7-8 decades. The first 2 decades we spent learning just to get by. The next two we enjoyed a bit, but then we needed to raise the next generation. Then we realized almost half the ...

The Efficient Market Hypothesis
Discovered on 30 Sep 2014 at 11:01 am
Investing, as with life, is a paradox. We have to learn to live with it and hopefully, sometimes, we find the way out. It is not rocket science. It's just about understanding the world and human behaviour. The world is ever changing yet human behaviour rarely changes. That is why it is so difficult for smokers to quit smoking even when we know that smoking is no longer as cool as when they shot Breakfast at Tiffany's. Yes, paradox. And it is equally difficult for diets to succeed and for valu...

Look for Free Options
Discovered on 8 Sep 2014 at 7:30 am
Those who have knowledge, don't predict. Those who predict, don't have knowledge - Lao TzuInvesting is not about predicting the future. Predictions are usually not accurate. We heard the famous ones: Bill Gates predicting nobody needed no more than 640KB of memory, Dow Jones 36,000, who needs cars when we have horses blah blah.Yeah, how right. So what do we do if we do not want to predict?We want to be prepared. This post serves to illustrate how.First we must accept that the future is unknow...

What's Wrong with CPF? (Part 3)
Discovered on 12 Aug 2014 at 10:12 am
This is Part 3 of the CPF discussion, interested readers can start from Part 1.We have come to the most controversial issue, should CPF give us 6-16% return that our sovereign wealth funds generate? It is well documented that GIC generated 6% and Temasek a whopping 16% over a long time frame like 20 years or more. So part of the argument was that why is CPF only paying us 2.5%? Isn't that unfair?Again, this issue has been debated in depth. So just reiterating a few things.First Temasek does n...

What's Wrong with CPF? (Part 2)
Discovered on 26 Jul 2014 at 10:19 am
This is a continuation of the previous post.Let's recap, our CPF (central provident fund aka Singapore's pension system) has four issues:1. The equal contribution rate (employer vs employee) was violated.2. The minimum sum was a total disaster.3. Interest was imposed on fund withdrawal.4. The interest rates are compared to returns of our sovereign wealth funds.We discussed issue #1. The solution is to bring back the equal contribution policy. Since employers will cry foul if they are asked to...

What's Wrong with CPF? (Part 1)
Discovered on 15 Jul 2014 at 2:02 am
CPF refers to Central Provident Fund, Singapore's pension system.I must first profess that I am neither pro-PAP nor anti-PAP. In this post and the posts in the future (hopefully I get the time to write them), I will try to provide independent analyses on our pension system, touted as one of the best in the world, and hopefully readers will find them useful.I also hope that readers would also have read Roy Ngerng's wonderful analysis. I must say it's quite thought-provoking. Though bearing in ...

Attack on Titans: Decisions
Discovered on 29 Jun 2014 at 8:16 am
I just can't help writing down these analogies from Attack on Titans. Here's another post. Let me describe one scene relevant to today's topic.The lead character Eren was in a situation where he had to make a choice: should he trust his teammates or trust himself to defeat the enemy. He chose to trust his teammates which led to all their deaths and he regretted his decision painfully. Eren was advised by the seasoned team leader earlier, one can never predict the results, so one should at lea...

Attack on Titans: Office Politics and Corporate Suicides
Discovered on 4 Jun 2014 at 10:00 am
Here's a well kept secret. Japanese manga and anime have managed to subtly define pop culture and Hollywood for ages. As early as the 60s, robots from the future time-travelled to alter the present in Japanese comics. In more recent times, Ghost in the Shell inspired the Matrix trilogy, Paprika inspired Christopher Nolan's Inception. And the list goes on. Today's topic is about the manga series Attack on Titans or in Japanese: Shingeki no Kyojin.Being a student of corporate analysis, I can't ...

Fallacies of ETFs
Discovered on 23 May 2014 at 8:14 am
I have posted a long time ago that investing in ETFs could be one of the easy ways to make money. The theory was simple. Since 80-90% of all investors never beat the index, then why should we even try? We should just buy the index. That was simply buying ETFs. Since ETFs replicate the indices and are traded just like any stocks. We can easily buy them using one of the brokers like Poems or Kim Eng or whatever.We stand to enjoy market growth (8-10% per year) and we need not worry too much abou...

2014 High Dividend Stocks in Singapore
Discovered on 5 May 2014 at 11:04 am
The annual dividend list is out!This year's list produces only 18 names despite tweaking the factors multiple times. It goes to shows that the market continues to be expensive and it is hard to get as many gems as before. Again, we see the usual suspects: Elec & Eltek, CSE, Transpac, Boustead etc. 2014 High Dividend Stocks in SingaporeAs with previous years' lists, I used just a couple factors: ROE, Dividend Yield, Free Cashflow Yield and Operating Margin. The top 3 names gave amazing dividen...

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


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Fortune REIT Fundamental and Technical Analysis
Discovered on 30 May 2015 at 8:35 am
Fortune REIT Fundamental Analysis Last Done Price = HK$7.77 NAV = HK$11.87 Price /  NAV = 0.654 (35.6% Discount to NAV) Price /  NAV (High) = 0.832 Price /  NAV (Low) = 0.566 Distribution Yield = 5.8% Gearing Ratio = 33.2% Occupancy … Continue reading →

Build up your Risk Assessment Craft
Discovered on 30 May 2015 at 3:57 am
This time last week, the national newspapers have been talking about Madam Leong Lai Yee ,who seem to have ran away with many of her investors money. 60 investors have came forward saying she owed them $60 million. Madam Leong and her husband were believed to be former property agents, who attracted more than 100 […]

China A shares: Mistake turned Multi-Bagger
Discovered on 30 May 2015 at 2:38 am
A long time ago, in blog posts far away, we discussed the merits and demerits of ETFs. It was around the earlier posts that time (2009 and 2010) that I bought into the China A share ETF thinking that buying into the country that would conquer the 21st Century made sense. As it turned out, […]

Up The Pyramid of Data and Information Into Your Wisdom???
Discovered on 29 May 2015 at 11:17 pm
After more than 15 years, he is still reading finance and investment books from NLB’s book shelves; but hardly can find anything interesting or new to him. Bo pian! No read. How to know there is nothing new or interesting to discover? The Paradox of reading? Most of us are likely to have read the […]

Singapore O&G Ltd
Discovered on 29 May 2015 at 9:12 pm
Singapore O&G Ltd (“O&G” or the “Company”) is offering 43.6m new shares at $0.25 each for an initial public offering on Catalist. There will be 41.4m for placement and 2.2m shares for the retail public. The IPO will close on 2 June 2015 at 12pm.The market cap based on 218m shares will be around $54.5m […]

Nepal: One Month Later
Discovered on 29 May 2015 at 9:00 pm
The Fifth Person made a donation to the International Medical Corps when the first devastating earthquake hit Nepal a month ago. They recently emailed us and shared a video of how the International Medical Corps has been helping with the crisis there. International Medical Corps has been on the ground from day one, delivering lifesaving care to survivors in some […]

Tea with EY: Is our CPF LIFE payout going to be sufficient?
Discovered on 29 May 2015 at 8:59 pm
It has been a while but here is another wonderfully crafted guest blog by EY as she asks some questions which we might be afraid to ask ourselves: Is having a CPF LIFE payout of $2500/month sufficient? Which do you prefer? Let your desired quality of life determine your retirement sum? or Let your retirement […]

Stock Operation Course May 23-34 - Mingling During Lunch Session
Discovered on 29 May 2015 at 7:44 pm
Last weekend I conducted the May Stock Operation Course. I must say it was all fun and exciting but more importantly, new extra knowledge and missing important details were imparted to all the students. I am having a new batch of students in the June Stock Operation Course and in this upcoming course, I shall do something different so that most can get their skills up to speed. More importantly before the June course, let's make some good $$ first from the market and let's celebrate on the co...

Rocks and Investing
Discovered on 29 May 2015 at 11:45 am
“The person that turns over the most rocks wins the game. And that’s always been my philosophy.” Peter Lynch There was a time not too long ago, when I actually sat down and looked through the stocks listed in the Singapore Market. I was going through the companies start from Z to A in POEMS. Basically for […]

Get To Know Dividend Withholding Tax
Discovered on 29 May 2015 at 11:28 am
Dividend Withholding Tax was one area that I had a little difficulty understanding. If you have a good and easy to understand resource, please please please share it with me here. Doing Google searches tend to dig up a whole lot of complicated and “cheem” stuff that tend to confuse rather than educate. This is especially […]

Home Protection Scheme: What does it provide and the answers to 3 common questions
Discovered on 29 May 2015 at 9:09 am
Today’s post will be regarding the CPF Home Protection Scheme (HPS). This is part of our “CPF Housing-Related” posts. In the rare occurrence of a blue moon, some of you may have realised that after reading your CPF account statements, money in your CPF OA is deducted under an entry denominated as ‘HPS’. So what […]

Two good books: Show Me The Money 2 and Deep Value.
Discovered on 29 May 2015 at 8:48 am
Just a short update. I managed to reserve these two amazing books: Show Me The Money 2 & Deep value at the same time! I think I’ve waited for about 2 months to get my reservation ready for Deep Value, and no waiting at all for Show Me The Money 2(Made reservation yesterday) Look like I […]

My Stock Report Card for May 2015
Discovered on 29 May 2015 at 8:30 am
My Stock Report Card for May 2015 Total Dividend Collected from Jan – May 2015 : SGD $17,591.10. Income distribution this month came from Sabana Reit, Capitamall, Keppel Reit, Suntec Reit, SPH, Starhub, UOB, SGX, Keppel Corp.  

Mad Max shows us how the Singaporean Dream can become a Singaporean Nightmare.
Discovered on 29 May 2015 at 8:22 am
I think by now most readers would have watched this face-melting action movie so it’s time to write an article on this action flick. Why is Mad Max a teachable moment for the investor capitalist ? The reason is this…. …If you follow my advice, work hard, save a large chunk of your earnings and […]

Light the FIRE! Can I Retire Now?
Discovered on 29 May 2015 at 7:07 am
This was the first time I came across the term: FIRE (by Googirl). Or to elaborate, that’s Financial Independence, Retire Early. Quite a catchy tag line. Achieving the left gives the option to exercise the right. I view Financial Independence as the situation when my passive income can support a desired lifestyle. For me, it works out […]

Just How Leveraged is Starhub?
Discovered on 29 May 2015 at 3:56 am
Starhub is well-known among retail investors for its high dividend yield. However, its brand name and dividends belie the extent of credit risk. Here is our attempt at wrapping our heads around Starhub’s degree of leverage. Starhub’s ROE is 249% To first get a sense of how leveraged Starhub is, one can look to its […]

NOL - How to Achieve 100% Shorting Hit Rate
Discovered on 29 May 2015 at 12:43 am
My Youtube videos are nothing short of spectacular, but more importantly LIVE trading and precision timing was videoed LIVE during the bearish prediction of NOL downfall. Study the videos again on how I achieved a 100% hit rate in NOL. From the day I made $100,000 by longing it to today's shorting it, it was all on the bull's eye where $$ was made constantly and consistently.Study the attached 10 min chart above and you will know whatever I predicted in the Video all came true. From the time ...

Yuuzoo - Rounds and Pounds of Profits
Discovered on 29 May 2015 at 12:09 am
Earlier today I received a trade record from a student's mother. She had an amazing winning streak in Yuuzoo with in and out frequently in this counter. Look at the trades, it is amazing with 100% winning trade where she longed at the bottom and sold and went long again and sold with a few rounds of profits. Today, she became Ronald K's loyal fan and wants to sign up for my course. I am just sol blessed that I can change a elder lady's mindset! Congrats on your $15,000 profits in and out. :)R...

How much should we have in our emergency fund?
Discovered on 28 May 2015 at 11:42 pm
Having an emergency fund is important. No rational person would ever say an emergency fund is unimportant. Rationally, we know that bad things happen sometimes and we might need to have more liquidity at hand for such situations. Whatever our persuasion might be in our journey as an investor, we cannot deny that cashflow is important. There could be times when […]

My Analysis of J-REITs vs. Saizen REIT (Updated May 2015)
Discovered on 28 May 2015 at 11:00 pm
A blog reader, Shimamoto, recently asked me about updates on my old post regarding J-REITs and Saizen REIT (Singapore listed J-REIT). Saizen REIT is actually the 2nd biggest position that I have in my humble portfolio, so it is also in my own interests to re-look at this space and see what is going on. […]

CNAV Stock – Fu Yu (SGX:F13)
Discovered on 28 May 2015 at 10:05 pm
Shanghai Stock Index fell 6.5% yesterday (28 May 2015). The Singapore Stock Market was affected by it but not too much. Despite the general bearishness, one of our CNAV stocks, Fu Yu, ran up 10% on the same day. The bamboo-like growth in small cap stocks have been realised again. Fu Yu is a small […]

Vard - The Most Powerful Time and Sales Recorded
Discovered on 28 May 2015 at 9:36 pm
This is the most powerful and most influential time and sales recorded. I will only share this with my students in the next sharing session. Guys, I will post in the SMMG Club on the next students sharing session, so don't miss it. I will need to share this powerful time and sales recorded! Don't ever miss this sharing because I found a way to make good $$. I am driven and highly motivated now!!http://stockmarketmindgames.blogspot.sg/2015/05/vard-whatsapp-call-made.htmlRonald K - Market Psyc...

NOL - The 1 Day Shorting Game, In $$
Discovered on 28 May 2015 at 9:01 pm
We shorted NOL yesterday before closing and today we are in the $$. In fact, the stock was so weak that there was no major buying at all. Ever since I started posting about the weakness in NOL, it continued to be weak today and we had been making $$ many rounds in NOL. See all my NOL post with a 100% hit rate. Youtube videos had also been uploaded LIVE to explain how I view the chart with LIVE trading performed at precision timing.http://stockmarketmindgames.blogspot.sg/search/label/NOLAttach...

Will you buy this super stock?
Discovered on 28 May 2015 at 5:59 pm
The Singapore stocks markets has gone south by “quite a fair bit” though intra-trading, bargain hunters have pushed the stock prices of some stocks higher before they closed for the trading day. As I have shared with readers, the Greece saga will still continue to weigh on investors’ sentiments and hence investors have to continue […]

Singapore O&G Ltd IPO – Thoughts
Discovered on 28 May 2015 at 10:23 am
I was highlighted from a fellow blogger, Richard from Invest Openly regarding the upcoming healthcare related IPO which will be listed in the Catalyst. Many people are comparing this against related healthcare Raffles Medical which are now trading at around 30x PER. For me, I’d see this more towards the proxy of Cordlife, since they are in […]

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 ...

Show Me The Money Book 2: The Science of Stock-Picking
Discovered on 28 May 2015 at 9:06 am
Yes you did not see wrongly it’s our beloved Show Me The Money BOOK2!  I’m so surprise that this book is so quiet on its release, you just can’t find anything on the web.(I tried). And no one talks about it. And do you know that this book is already on Popular shelf and library for reservation! […]

Vard - WhatsApp Call Made $$
Discovered on 28 May 2015 at 12:24 am
So after cutting a small loss in Yuuzoo yesterday, I was more determined than ever. I was watching the market like a hawk and my eyes was all glued to the prices and movement activity in Vard. From more 9:00am to noon 12pm, my eyes did not leave the screen. I knew I was going to take revenge and I did of course. So finally I saw no selling in Vard with weak selling, and immediately, I gave the call to all students and they made $ of course.If you want to receive our Whatsapp and make $ with u...

Yuuzoo - A Small Loss
Discovered on 27 May 2015 at 10:25 pm
The loss in Yuuzoo just costed me $5900 with commission. Today the stock went to a high of 0.355 before suffering reactions for what we witnessed now. I entered at 0.34 and should have made a profit instead but because I am testing something, I once again have to cut loss first. but well, it's ok because it's only 0.5 pip cut loss. Like I said, I will take vengeance so watch for my next trade.Ronald K - Market Psychologist - The Big Speculator

Lippo Malls Indonesia Retail Trust (LMIR) Fundamental and Technical Analysis
Discovered on 27 May 2015 at 10:07 am
Lippo Malls Indonesia Retail Trust (LMIR) Fundamental Analysis Last Done Price = $0.365 NAV = $0.42 Price /  NAV = 0.869 (13.1% Discount) Price /  NAV (High) = 1.022 Price /  NAV (Low) = 0.76 Distribution Yield = 7.86% (base … Continue reading →

Yuuzoo - 0.5 Pip, 950 Lots Cut Loss
Discovered on 27 May 2015 at 1:28 am
Just cut loss in Yuuzoo with just 0.5 pip. Entered earlier at 0.34 @ 12:04pm with 950 lots and then cut a really quick one @ 2:12pm in just a mere 2hrs. Some think I am crazy because I cut fast, but it's always the crazy ones who succeed. At least, I still post my losing trade with big lots punting rather than painting an all winning trade which is impossible. I will be back with vengeance.Ronald K - Market Psychologist - The Big Speculator

What are some questions to ask when tempted by a 12% yield?
Discovered on 27 May 2015 at 12:14 am
A conversation with a reader on a type of investment that I am usually wary about: Hi AK, I am looking for financial freedom but having little investing knowledge. I have a little situation... About few months ago, I chance upon a company call XXX... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Don't ask what I think Mr. Market will do in future.
Discovered on 26 May 2015 at 9:22 pm
A conversation with a reader: hi AK wish to seek your opinion. well, currently i have some holding. about 370k and with paper loss 12k :( but i have generate 8k dividend + capital gain. wonder how is your view on coming 12 month on share... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NOL - Best LIVE Analysis Done
Discovered on 26 May 2015 at 9:13 pm
These screenshots are the best snaps for the moment. It captured the essence of scanning and searching for the next hot stock! I am watching and focusing at the moment however nothing is really solid yet and have to wait for the right time. NOL however seemed to follow accordingly what I predicted. It first hit a low of 1.02 yesterday and started to rebound today and what did I say will happen next? Watch the video and see if you still want to go long on NOL!Ronald K - Market Psychologist - ...

All NOL Secrets Leaked For FREE - 2nd June 2015
Discovered on 26 May 2015 at 7:41 pm
My predictions and forward foresight in NOL had recently made quite a stir in the trading arena. From my first video where I predicted the distribution and crashed in NOL, till it hit 1.02 yesterday, it was all spot on LIVE in the video captured. I received a lot of calls, SMS and enquiries on how I managed to predict it which lead me to do a sharing session to reveal all the secrets for FREE in my next workshop sharing. Which the Dow slammed down -190 points last night, I only see more beari...

NOL - LIVE Trading Part 2, Prediction and Dissection
Discovered on 26 May 2015 at 8:30 am
This is part 2 of the LIVE Trading and Prediction for NOL. We shall see what happens in the coming days/weeks. I am now moving on and channeling my effort to some other counters. Will come back to NOL again at the right time!Ronald K - Market Psychologist - The Big Speculator

Yuuzoo - Flushes and Selling After my Early Morning Post
Discovered on 25 May 2015 at 9:19 pm
These are the Top Volume in chronicles before and after Yuuzoo suffered selling after my early morning warning on my blog. In fact, I also posted in facebook for those who added and follow me. In fact, in my post, I also warned of a Fake Breakout as illustrate in the screenshot captured and I mentioned that the downside is possible. Click on the below link to see.http://stockmarketmindgames.blogspot.sg/2015/05/yuuzoo-re-entering-positions.htmlSee how the 5 min chart was captured before and af...

NOL - Tanked Further South
Discovered on 25 May 2015 at 8:33 pm
Why am I so successful in playing NOL? Whatever I predicted in my LIVE trading video last Friday before the selling that takes place now materialized!! It's reaching towards my target price of 1.02-.103 and infact, it has reached! First, I did the video at 3:57pm when we shorted NOL and within one hour, the stock closed 3 pips down. From yesterday and today, NOL continued to tank lower towards the 1.03 band level.Later in that very same night, I went on to shared out all my secrets in NOL to ...

Yuuzoo - Re Entering Positions
Discovered on 25 May 2015 at 8:07 pm
I will be looking to re-enter Yuuzoo at the right time and right price again. The recent run is too fierce and steep and for me to punt  big lots and it's a little risky chasing the prices. I need to hop in when I see a flush first. Have to monitor it closely.Ronald K - Market Psychologist - The Big Speculator

Tea with Matthew Seah: Exchange Traded Funds (ETFs).
Discovered on 25 May 2015 at 7:33 pm
ASSI's most prolific guest blogger, Matthew Seah, readily agreed to contribute this guest blog when I asked him if he could do it. Such an obliging and intelligent fellow. During the 4th “Evening with AK and friends” session, a young man... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NOL - More Shorts Activated, Down 1.035!
Discovered on 25 May 2015 at 9:16 am
Went shopping today with a relax mode because NOL made $$. Along the way, someone snapped me and again I was spotted. But well, before I went shopping, I posted in the public forum that price was going to tank lower and indeed materialized and my second batch of shorts wasn't even covered yet! Still riding in profits. :)Received a SMS after market closed. The SMS message is a testament of my skills and a compliment to my Precison timing. Made my day but more importantly NOL tanked while I was...

Non-Landed Residential Resale Property Transactions for the Week of May 6 – May 12
Discovered on 25 May 2015 at 7:54 am
Singapore Property News This Week #209
Discovered on 25 May 2015 at 7:27 am
Residential Property developers may be charged up to $90m in extension fees by end of year From April to December this year, developers may be charged up to $90 million in extension fees for unsold condo units. According to the Business Times, this amount will be raised to $238 million in 2016 if current market […]

Why Developer Defects Are the Off-Plan Property Buyers’ Worst Nightmare
Discovered on 25 May 2015 at 7:26 am
By Property Soul (guest contributor) Residents of Trivelis, an 888-unit Design, Build and Sell Scheme (DBSS) project in Clementi, are disappointed about the quality of their new flats. Owners who collected keys to their new units since January complained about defective stove knobs, rusty dish racks, stain-prone kitchen countertops, poor quality laminate flooring, shattered shower […]

Singapore Property Weekly Issue 209 now out
Discovered on 25 May 2015 at 7:25 am
In this week’s issue: Why Developer Defects Are the Off-Plan Property Buyers’ Worst Nightmare Singapore Property News This Week Resale Property Transactions (May 6 – May 12) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 209

NOL - Profits $ Booked For Short Term, More Shorts Coming
Discovered on 25 May 2015 at 12:08 am
Just booked profits for NOL. NOL indeed suffer reactions after my Video post last Friday. The stock hit a low of 1.04 and that's where we booked $$. More shorts coming out at the right time. Watch my blog space! If you want to short with me, get ready your CFDs and come for the workshop tomorrow!Ronald K - Market Psychologist - The Big Speculator

NOL - Dropped Further After LIVE Analysis!
Discovered on 24 May 2015 at 9:09 pm
NOL dropped further after my LIVE analysis on last Friday at 3:57pm! Predictions do come true and this time it was LIVE before it is happening now!! Today, I also posted my LIVE bearish NOL analysis in Facebook for all to witness. Do add me and Like me in Facebook below to receive LIVE and more updates!http://www.facebook.com/stockspeculationhttp://www.facebook.com/stockmarketmindgamesStudy my Video above and see how I was able to predict NOL's reactions/selling before it happened today! Stud...

Yuuzoo - Book $ For Short Term
Discovered on 24 May 2015 at 8:08 pm
In the short term, Yuuzoo is going to suffer short term reactions. I am looking to book some short term $$ first before re entering this counter again. I am not sure how long the reactions would be but it's safer to have $$ in the pocket first. :)Update 25th May, 9:20amYuuzoo dropped 1 pip after my post.Ronald K - Market Psychologist - The Big Speculator

Should I sell my investment to lock in gains? A perspective.
Discovered on 24 May 2015 at 7:45 pm
A conversation with a reader: Dear AK,  Thank you for a great post again, this time with the Singapore Savings Bond, you always have a clear way to put it - your opinion vs general and helps people like me to make my own decision.  I've been... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Hong Leong Bank Deposit Account Rates
Discovered on 24 May 2015 at 11:30 am
Singapore Branch Hong Leong Bank Deposit Account Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore Hong Leong Bank Deposit Account rates in today's post. Hong Leong Bank Deposit Account rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double

Stock Operation Course May by Ronald K
Discovered on 23 May 2015 at 8:17 pm
Day 1 of the Stock Operation Course concluded. I am now rushing off to conduct day 2! I can't wait to share more secrets to all the participants. Tomorrow Monday is an all new exciting day for more $$ making opportunities. Let's rock and make $ together!Ronald K - Market Psychologist - The Big Speculator

The 4th "Evening with AK and friends": A success.
Discovered on 23 May 2015 at 10:54 am
I guess it has to do with the fact that I was seated this time and not standing like I was in the first 3 sessions. That really gave an AK weakened by the flu bug a fighting chance to last the whole evening especially when the audience did not want... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Linc Energy - $4000 in 2 Mintues
Discovered on 22 May 2015 at 7:31 pm
Yesterday we punted Linc energy and yes, this was fast $4000 in 2 minutes. Long at the hidden buying and sold at the selling this time, not at the hidden selling. After selling off, Linch energy continued it's uprise towards the 0.345 range before suffering reactions. There was indeed some real form of buying which caused price to rose. I can't wait to share my secrets this upcoming Tuesday, May 26th with those who are attending. Remember to bring a pen and paper to copy down all the secrets!...

Vallianz - Before The Breakout Secrets, May 26th
Discovered on 22 May 2015 at 8:03 am
Today Vallianz ran from 0 to the Top 2 in the Top 30 Volume. If you see the link below for the Linc Energy profits we made early, look at the Top Volume captured, Vallianz wasn't in the Top 30 Volume and after market closed, it was number 2. In fact last night in the sharing workshop, we studied Vallianz and I gave my outlook on that counter to all those who attended. Earlier today after we made $$ in Linc Energy, I gave another stock which was Vallainz based on the hidden buying which I saw ...

NOL - LIVE Sharing Today
Discovered on 22 May 2015 at 6:52 am
Today, the LIVE Sharing Session with clients on how I analyse NOL. It's a very last minute thingy but I appreciate the last minute turn up from all of you! Thank you!Ronald K - Market Psychologist - The Big Speculator

NOL - A LIVE Analysis Before the Breakdown
Discovered on 22 May 2015 at 3:46 am
A NOL LIVE Trading. When everyone was hoping that NOL was going to trend up, I spotted the weak buying in the chart and gave a LIVE call as seen in the video. In short, this counter is going down in the short term and suffer reactions. A 50 lots short with LIVE trade record is attached. The video was taken when the price was 1.065/1.07 and that's where we shorted. I shall monitor this counter closely.Update: 22/5/2015, 5:22pmIn the $ for NOL after my LIVE Video and Trading. More to come next ...

QT Vascular - A Fast Cut Loss
Discovered on 21 May 2015 at 11:24 pm
On May 19 Tuesday, I gave a bullish call of QT vascular before any good news was released.http://stockmarketmindgames.blogspot.sg/2015/05/qt-vascular-top-volume-with-price-rose.htmlAfter market closed, a good news was released and the next day it gap up 1 pip.http://stockmarketmindgames.blogspot.sg/2015/05/qt-vascular-1st-patients-enrolled-in.htmlThe unfortunate thing was even with a piece of good news, the stock doesn't run. After several hours, I realized the changes on the flippings of the...

曾淵滄-股市资讯专栏 22.05.2015 -地产股及期待中的深港通内有良机
Discovered on 21 May 2015 at 11:06 pm
Linc Energy - Workshop Sharing Last Night Before Breakout Today
Discovered on 21 May 2015 at 10:09 pm
Last night, I conducted a workshop and I did a major outlook on many counters. After scanning and scrolling a few rounds, Linc Energy caught my attention and I told the crowd that it's going to break out soon. Indeed today, it performed accordingly to my prediction. It broke out! There was a lot of hidden buyers in the chart and there after, it followed by a major breakout with appearance in the Top Volume with price rising. For those who are coming for my workshop next Tues, I will share wit...

So, you want to be financially free too but wonder how?
Discovered on 20 May 2015 at 11:13 pm
This blog post is really written with one person in mind. OK, there could be others like him. So, it is written with him and his like minded buddies in mind. Save 100% of your take home pay. What? On 17 May, I shared the following on my FB... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Should a 20 year old do a VC or a MS Top Up to his CPF?
Discovered on 19 May 2015 at 11:12 pm
E-mail from reader: Hello AK, Hope this finds you well. Firstly, thank you for sharing your knowledge with the readers! Been reading up on your blog posts since last year to improve my financial literacy and I have gained a lot. Just a short... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Misled into earning 6.30% interest in 4 years?
Discovered on 19 May 2015 at 12:12 am
Almost a year ago, I had a blog post titled "How to earn 6.30% interest in 4 years?" Back then, I said I found the ad objectionable because it was misleading. Although I did not say so at that point in time, I was also wary of how interest... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Non-Landed Residential Resale Property Transactions for the Week of Apr 29 – May 5
Discovered on 18 May 2015 at 8:43 am
Singapore Property News This Week #208
Discovered on 18 May 2015 at 8:28 am
Residential April’s resale prices of condos fall by 0.7 percent month-on-month According to flash estimates by SRX Property, resale prices of condominium units have fallen by 0.7 percent in April from the previous month. Nonetheless, about 440 private non-landed homes changed hands in April. This was 2.7 percent lower than in March, where 452 units […]

9 Key Factors that Impact Mortgage Interest Rates
Discovered on 18 May 2015 at 8:27 am
By Paul Ho (guest contributor) The interest rate a bank charges you is the reward for taking a risk with their capital on you as a borrower. The interest rate is often referred to as the “cost of funds” or hurdle rate. What are the key factors that affect mortgage interest rates? In this article, […]

Singapore Property Weekly Issue 208 now out
Discovered on 18 May 2015 at 8:25 am
In this week’s issue: 9 Key Factors that Impact Mortgage Interest Rates Singapore Property News This Week Resale Property Transactions (April 29 – May 5) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 208

A conversation on the CPF and investing in stocks.
Discovered on 18 May 2015 at 12:38 am
A conversation which I think might motivate a few others here: Hi AK, I have been going through your blog on max up minimum sum. I really like the idea to have govt help to build our retirement fund. Can i seek your opinion that if my SA has not... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OCBC Bank: Rebounding in a Channel
Discovered on 17 May 2015 at 2:39 am
OCBC Bank looks like rebounding from a up trend channel support but immediately facing resistance at $10.50. Original post by Marubozu My Stocks Investing Journey.   Current P/E Ratio (ttm) 10.0990 Estimated P/E(12/2015) 10.9874 Relative P/E vs. FSSTI 0.6462 Earnings Per Share … Continue reading →

Applying for Singapore Savings Bonds
Discovered on 16 May 2015 at 11:23 pm
Singapore, 11 May 2015…The Monetary Authority of Singapore (MAS) today released more information on how investors can buy and redeem Singapore Savings Bonds.  MAS expects the first Savings Bond to be issued in the second half of 2015.  MAS will … Continue reading →

Want to create another stream of income with $500K?
Discovered on 15 May 2015 at 7:18 pm
I am sharing a recent conversation with a reader here: Hi AK, I have been reading financial blogs from US too long and have been searching for a worthy local base blog for a long time. I am thankful to have found your site. Through your site, I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tea with Matthew Seah: Investment scams.
Discovered on 14 May 2015 at 9:55 pm
This is another contribution from one of ASSI's most prolific guest bloggers, Matthew Seah: Recently I got to know of a likely fraudulent company selling US distressed properties in a declining city. Thought I could clear some air about how... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Frasers Centrepoint's 7 year 3.65% bonds: Who should buy?
Discovered on 13 May 2015 at 12:10 am
Some readers alerted me to a bond that is being issued by Frasers Centrepoint and asked me what I thought of it. After all, investing for income, bonds are relevant instruments. The bonds in question are 7 year bonds and have a fixed interest rate... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Savings Bond (Part 4): Good or not?
Discovered on 12 May 2015 at 12:08 am
More details have been released with regards to the Singapore Savings Bond. Here is a quick and very simple summary: 1. Person must be at least 18 years old, have a bank account (DBS, POSB, OCBC or UOB) and a CDP account. 2. Application for the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Non-Landed Residential Resale Property Transactions for the Week of Apr 22 – Apr 28
Discovered on 11 May 2015 at 9:44 pm
Singapore Property News This Week #207
Discovered on 11 May 2015 at 9:33 pm
Residential April’s HDB resale flat transactions highest in 2 years while prices fall by 6% According to flash estimates by SRX Property, in April this year, the overall resale prices of HDB flats have fallen by 6 percent year-on-year. Based on those estimates, resale prices of HDB flats in mature areas have dropped by 4 […]

Jurong Country Club acquired for High-Speed Rail terminus
Discovered on 11 May 2015 at 4:53 pm
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...

Beyond needs and wants is the price of convenience.
Discovered on 11 May 2015 at 4:15 am
Frequently, I would mention that there is a price to be paid for convenience. When something is more convenient for us, it usually means that it requires less or no work on our part. Usually, this can only be so because someone else has done much or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore REITs Mini Sell Off. What is Going On?
Discovered on 10 May 2015 at 1:47 am
As we are getting nearer to June where US Fed may increase the interest rate, we have to keep a close eye to what is going on for Singapore REITs. Quite a number of Singapore REITs sold off recently as … Continue reading →

How to have enough to fund a university education?
Discovered on 10 May 2015 at 1:03 am
The Sunday Times is conducting a survey titled "Are you saving enough to pay for your children's education?" 10 readers will get to win $50 grocery vouchers sponsored by DBS Bank for just answering 5 questions in the survey. I am sure we have read... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ST Engineering – The Magic 50D SMA!
Discovered on 9 May 2015 at 8:57 am
ST Engineering rebounded from 50D SMA support! See last post of ST Engineering here. Take note that ST Engineering earning release on May 13!

Singapore REIT Pick – 新加坡信托选擇法
Discovered on 9 May 2015 at 8:48 am
Good summary by one of my students from Singapore REIT investing class. Original post from http://kkblog-kk.blogspot.sg/2015/03/blog-post_31.html 新加坡的房地产投资信托(REITs)在条例的规定下,必须把租金收入的90%分发给单位持有人。因此,REIT为投资者提供了稳定的股息收入,而投资者也受到这些REIT所提供的获益率(yield)所吸引。 在新加坡上市的REIT有超过30个,投资者应该怎样挑选来获得最高的股息回报呢? 有见识的投资者肯定不会只看获益率,而是会同时细心审查REIT的基本面。 上周五,我参加了一个关于新加坡REIT的三小时投资讲座,它是由Kenny Loh主持,后者是投资博客“Marubozu”的主持人。Loh先生十分乐意与投资者分享他的经验和知识。他是一名兼职交易员,并在一家跨国公司位居要职。 不要在‘高位’买入 Loh先生强调的其中一个要点是永远不要在高位买入REIT。这好像是普通常识,但投资者却很容易疏忽这个重点。...

Could we be financially free by investing in Singapore only?
Discovered on 9 May 2015 at 5:45 am
A happy email from a reader: Hi AK,  Thank you for taking photos with me and my friends yesterday (i.e. 2 May 2015) at the conference. I was so happy the whole evening because I got a personal photo shot with my favorite blogger ;) Thank you for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tai Sin Electric: Nibbling for a 6.3% to 6.5% yield.
Discovered on 8 May 2015 at 3:48 am
I was first introduced to Tai Sin Electric by a guest panelist, Paul Chen, at the third "Evening with AK and friends". This was sometime at the end of March. I did some research into the company and also came across a well written article dated 24... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The fourth "Evening with AK and friends".
Discovered on 6 May 2015 at 11:12 pm
Many readers were disappointed that the last two sessions of "Evening with AK and friends" happened on Monday nights. It was not ideal for many because of work. There were many requests for the next session to be held on a weekend. So, after a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Save money by being less picky and be wealthier.
Discovered on 6 May 2015 at 9:10 am
"Aiyoh, this Kimball Chilli Sauce price is up again!" I was at NTUC Fairprice doing some grocery shopping. "Ya lor. Price keeps going up. Now, it is $1.55 for a small bottle."  OK, I am not sure if it was $1.55 or $1.35 by now. Such is the state... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Mapletree Commercial Trust: Buy on Dip?
Discovered on 6 May 2015 at 7:41 am
Mapletree Commercial Trust retraced back to previous resistance turned support at $1.53 (also the uptrend support). Is it a good entry point to invest and Buy on Dip? To me, this is a good trading opportunity instead of investing. See … Continue reading →

Experts suggest possible sites for KL-Singapore High Speed Rail terminus
Discovered on 5 May 2015 at 7:40 pm
NeraTel: Is 1QFY15 a sign of things to come?
Discovered on 4 May 2015 at 10:45 pm
I received a message from a reader last night saying that NeraTel's profit after tax plunged 33.8% for 1Q FY15. Looks bad, doesn't it? I was somewhat surprised at the plunge since I remember that the full year 2014 results although not positive... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Stock Market Indices PE Ratio At a Glance (2 May 2015)
Discovered on 2 May 2015 at 10:15 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, KOPSI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi PE  = Price Per Earning … Continue reading →

AK was at Breakthrough Conference 2015.
Discovered on 2 May 2015 at 8:10 am
I was invited to give a talk at an event that happened earlier today. It was called "Breakthrough Conference" where every speaker was given 15 minutes to deliver one key idea on diverse topics such as communications, marketing, beauty, business,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CurrencyShares Euro ETF (FXE) Trend Reversal
Discovered on 1 May 2015 at 6:01 am
FXE has broken out from a Symmetrical Triangle and reversed to the uptrend. Wait for pull back to long. Learn to trade Symmetrical Triangle breakout pattern. Check out what is FXE here. http://www.etf.com/FXE   FXE Fund Description The CurrencyShares Euro … Continue reading →

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

Maybank iSavvy Savings Account Promotion
Discovered on 30 Apr 2015 at 11:30 am
Maybank iSavvy Savings Account Promotion We look at Maybank iSavvy Savings Account Promotion in Singapore today. Maybank iSavvy Savings Account Promotion come with terms and conditions. You should be clear about these complexities. Maybank iSavvy Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double

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...

UOB One Account or the (new) OCBC 360 Account?
Discovered on 29 Apr 2015 at 10:11 pm
People have been talking about the UOB One Account and some readers asked me what I think of it. I said that I would like to see what the revamped OCBC 360 Account is going to look like and make a comparison. Now, first, we look at the UOB One... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

What did AK buy in the stock market in the last 12 months?
Discovered on 28 Apr 2015 at 10:18 am
A reply to a fellow blogger inspired this blog post as I looked back at my "nibbles" in the stock market in the last 12 months (since May 2014). They are: 1. Ascendas Hospitality Trust2. Wilmar3. Soilbuild Biz Space REIT4. SembCorp Industries5.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄-股市资讯专栏 24.04.2015 -恒指及海指今年有望创历史新高
Discovered on 27 Apr 2015 at 12:05 am
BOC Savings Account Interest Rate
Discovered on 26 Apr 2015 at 11:30 am
BOC Savings Account Interest Rate Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. These are the latest update from Bank of China BOC Savings Account interest rate. SGD储蓄存款利率 SGD BOC Savings Account Interest Rate: Below SGD5,000.00 0.2500 SGD5,000.00 and

杨澜访谈录: 乔治·索罗斯George Soros 金融大鳄的双面人生
Discovered on 23 Apr 2015 at 7:17 pm
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...

2015《福布斯》全球華人富豪‧郭鶴年跌出10大
Discovered on 20 Apr 2015 at 6:07 am
UOB 1.35% Passbook Savings Rate
Discovered on 19 Apr 2015 at 12:00 pm
UOB 1.35% Passbook Savings Rate Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Since news broke about the impending launch of Singapore Savings Bonds( with its higher interest rates), UOB has come out with a new UOB 1.35% Passbook Savings rate promotion.

UOB Grow Your Savings Promotion
Discovered on 18 Apr 2015 at 11:30 am
UOB Grow Your Savings Promotion A long 2015 post today on UOB Grow Your Savings Promotion where you get up to 1.35% interest on your Passbook Savings Account. UOB Grow Your Savings Promotion (2 March to 30 April 2015) (“Promotion”) Terms and Conditions of UOB Grow Your Savings Promotion: 1. Definitions 1.1 “Account” means a UOB Passbook Savings Account or a UOB Uniplus Account which is in

HSBC Kids Savings Account
Discovered on 12 Apr 2015 at 12:00 pm
HSBC Kids Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the HSBC Kids Savings Account rates in today's post. Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015. Interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal

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...

曾淵滄-股市资讯专栏 10.04.2015 -买香港地产股要会挑选;上海屡创七年新高
Discovered on 10 Apr 2015 at 1:50 am
31 March 2015
Discovered on 31 Mar 2015 at 8:03 pm
For the past 8 days Singapore mourned the passing of our nation's founding father, Mr. Lee Kuan Yew. It was a very emotional week but the stock market did not seem to be very adversely affected by Mr. Lee's passing, for STI was quite flat over the last week. Credit to the late Mr. Lee who had ensured a smooth transition of power to the next generation of political leaders.Global market continue to be affected by the pending US interest rate hike, which looks likely to happen quite soon. Greek...

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 ...

Singapore Savings Bond Rates
Discovered on 29 Mar 2015 at 11:30 am
Singapore Savings Bond Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore Savings Bond Rates in today's post. Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in Singapore Savings Bond Rates in 2015. Here is some preliminary information

A Personal Tribute to Mr. Lee Kuan Yew
Discovered on 27 Mar 2015 at 12:18 am
I was an infant when Mr. Lee Kuan Yew became the Prime Minister of Singapore.At that time my family (my parents and 5 children) lived in Jalan Bukit Ho Swee. It was a slump at the city fringe. Adab-houses, no electricity, no modern sanitary facilities, and water pipe only ran to certain common water points, where women washed their clothes, and children took their showers.I survived the 1961 Bukit Ho Swee fire, thanks to my 2nd sister, who carried me and ran to my grandparents shop house at C...

曾淵滄-股市资讯专栏 27.03.2015- 新加坡与香港楼市之间及A股与H股之间的天壤之别
Discovered on 26 Mar 2015 at 11:51 pm
Singapore Savings Bonds
Discovered on 26 Mar 2015 at 11:30 am
Singapore Savings Bonds Singapore Savings Bonds is a new type of investment bonds that will be launched for sale in Singapore soon. Singapore Savings Bonds are being planned to be introduced to the Singapore bond investment market for retail investors. Singapore Savings Bonds will have two features that will appeal to retail investors. The first attractive feature of Singapore Savings Bonds

In Memory of Mr. Lee Kuan Yew
Discovered on 23 Mar 2015 at 10:31 pm
"I'm not saying that everything I did was right ... but everything I did was for an honourable purpose"- Lee Kuan YewI thank God that he has given Singapore Lee Kuan Yew as our leader, for Singapore won't be what it is without him.Dear Mr. Lee,一路走好。May you rest in peace.

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.

HSBC Passbook Savings Account
Discovered on 1 Mar 2015 at 10:30 am
HSBC Passbook Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Our team at Singapore Savings Account Rates looks at HSBC Passbook Savings Account rates and works hard to raise your earned interest income from investing in savings accounts in

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...

曾淵滄-股市资讯专栏 27.02.2015- 你如何对‘富足自由’下定义?
Discovered on 28 Feb 2015 at 6:48 pm
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...

27 February 2015
Discovered on 27 Feb 2015 at 6:59 am
This is a very short month and with Chinese New Year falling in the middle of it, my priority is definitely not on stock market, though I still read the business news to keep myself informed what was going on. "Grexit" is still in the news very often. China's slowdown has somewhat affected the Asian investors' sentiment. So it seems that only US is doing well, with the fed chief indicated that she may not raise the interest rate so soon and too drastically. Local corporate earning results are...

RHB Bank Trio Current Account Rates
Discovered on 22 Feb 2015 at 10:30 am
RHB Bank Trio Current Account Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015. Interest rates quoted on Singapore

【独家图解】炒家狙击 货币战大危害
Discovered on 12 Feb 2015 at 3:52 am
POSB 1.88% pa Savings Account Promotion 2015
Discovered on 9 Feb 2015 at 10:30 am
POSB 1.88% pa Savings Account Promotion 2015 Here are POSB 1.88% pa Savings Account Promotion 2015 details: To enjoy POSB 1.88% pa Savings Account Promotion 2015 for 12 months, top up your savings account between S$1,000 and S$1,000,000. How to qualify for POSB 1.88% pa Savings Account Promotion 2015: 1.Register by 28 February 2015. 2.Complete a one-time top-up by 28 February 2015. 3.

BOC SGD Savings Account Interest Rates
Discovered on 8 Feb 2015 at 10:30 am
BOC SGD Savings Account Interest Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share BOC SGD Savings Account interest rates in today's post. BOC SGD Savings Account interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before

曾淵滄-股市资讯专栏 06.02.2015--美国总统选举左右升息决定,全球经济寻求平衡
Discovered on 5 Feb 2015 at 11:41 pm
Citibank 2.5% InterestPlus Savings Account
Discovered on 4 Feb 2015 at 10:30 am
Citibank 2.5% InterestPlus Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015. Interest rates quoted on

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...

State Bank of India Savings Account Promotion
Discovered on 1 Feb 2015 at 10:30 am
State Bank of India Savings Account Promotion Details of State Bank of India Savings Account Promotion are shared today in 2015. Welcome to Singapore Savings Account Rates blogspot dot com where our team will share State Bank of India Savings Account Promotion rates. State Bank of India Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you

30 january 2015
Discovered on 1 Feb 2015 at 6:47 am
The equity market has been very volatile this month. Stock indices went up and down like a yo-yo. Oil price crisis still are still haunting the market. Negative economic data from China and Europe further depressed the market sentiment. ECB’s QE decision gave a boost to the market sentiment, which improved in the 2ndhalf of the month. Positive results reported by the S-Reits also helped the market to recover. The MAS' shifting of strong S$ policy seemed to have positive impact on the stock pr...

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...

曾淵滄-股市资讯专栏 23.01.2015 --上证综指会升至5,000点吗?
Discovered on 22 Jan 2015 at 11:26 pm
OCBC Premier Dividend + Savings Account Promotion
Discovered on 19 Jan 2015 at 10:30 am
OCBC Premier Dividend + Savings Account Promotion Welcome to Singapore Savings Account Rates blogspot dot com where our team will share details of OCBC Premier Dividend + Savings Account Promotion in today's post. Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015 like this OCBC Premier Dividend + Savings

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 ...

Sibor Rates Singapore Jan 2015
Discovered on 17 Jan 2015 at 11:00 am
Sibor Rates Singapore Jan 2015 Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Today, our team at Singapore Savings Account Rates is going to look at Sibor rates Singapore Jan 2015. Sibor rates Singapore Jan 2015 are the Singapore INterbank rates quoted

黄达专访:2015年展望
Discovered on 16 Jan 2015 at 5:30 pm
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...

SCB 2015 eSavers Account Promotion
Discovered on 13 Jan 2015 at 11:00 am
SCB 2015 eSavers Account Promotion Welcome to Singapore Savings Account Rates blogspot dot com where our team will share SCB 2015 eSavers Account Promotion in today's post. With this SCB 2015 eSavers Account Promotion, our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015. SCB 2015 eSavers Account Promotion

From 2008 to 2014 Savings Account Interest Rates
Discovered on 11 Jan 2015 at 10:30 am
From 2008 to 2014 Savings Account Interest Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. We highlight the average interest rates of savings accounts in Singapore since 2008 until 2014. From 2008 to 2014 Savings Account Interest Rates of banks in

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
UOB Passbook Savings Uniplus Accounts Promotion
Discovered on 9 Jan 2015 at 10:30 am
UOB Passbook Savings Uniplus Accounts Promotion Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the UOB Passbook Savings Uniplus Accounts Promotion in today's post. UOB Passbook Savings Uniplus Accounts Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account

曾淵滄-股市资讯专栏 09.01.2015-中国市场向好,美股高处不胜寒,新加坡左右为难
Discovered on 8 Jan 2015 at 11:03 pm
S-REIT : 12-month target prices (Daiwa)
Discovered on 7 Jan 2015 at 11:12 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...

2015 Best Savings Accounts
Discovered on 4 Jan 2015 at 10:30 am
2015 Best Savings Accounts Welcome to Singapore Savings Account Rates blogspot dot com in this '2015 Best Savings Accounts' post. The reason this '2015 best Savings Accounts' post is written is because our team strongly believes that 2015 is the year that interest rates in Singapore will finally rise. Since the Great Recession, we have not seen 2.015% best savings account interest rates. We

OCBC 2.35% Bonus & Savings Account
Discovered on 1 Jan 2015 at 12:00 pm
OCBC 2.35% Bonus & Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share OCBC 2.35% Bonus & Savings Account rates of the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Our team at Singapore Savings Account Rates works hard to bring you OCBC 2.35% Bonus & Savings Account details in order to raise

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...

Happy 2015 From Singapore Savings Account Rates
Discovered on 31 Dec 2014 at 10:30 am
Happy 2015 From Singapore Savings Account Rates We wish everyone Happy 2015 From Singapore Savings Account Rates staff! Thank you for your support. May 2015 bring higher Singapore savings account rates. We love you all! The TeamSingapore Savings Account Rates.

31 December 2014
Discovered on 31 Dec 2014 at 1:41 am
From the stock market point of view, this month could be split into 2 half. The first half of the month was nominated by the oil price slump. Together with the weak performance in Chinese and European economy, the STI, together with the regional indices, dropped more than 4%. There was a great fear in the market that a crisis was on its way. However Santa Claus came and brought with him the Christmas and Year End rally (Frankly, how else can you explain this rally?). As at today, STI closed t...

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

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

曾淵滄-股市资讯专栏 26.12.2014
Discovered on 25 Dec 2014 at 10:53 pm
Merry Christmas Singapore Savings Account Rates
Discovered on 22 Dec 2014 at 10:30 am
Merry Christmas Singapore Savings Account Rates In this 'Merry Christmas Singapore Savings Account Rates' post, we remind all readers that Singapore Savings Account Rates blogspot site has been bringing you the latest, the best and the highest Singapore savings account rates since January. How time flies and now we are deep into the season of many Merry Christmas greetings. In this joyous

2.08% DBS Multiplier Programme
Discovered on 16 Dec 2014 at 10:30 am
2.08% DBS Multiplier Programme We present Singapore 2.08% DBS Multiplier Programme savings rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore 2.08% DBS Multiplier Programme savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. 2.08% DBS

1010股下跌‧今年来最低 马股失守1700蒸发430亿
Discovered on 15 Dec 2014 at 11:05 pm
曾淵滄-股市资讯专栏 12.12.2014 -2015年市场展望如何?油价下跌又带来什么良机?
Discovered on 12 Dec 2014 at 1:59 am
Company Warrants Expiring in 2015 - Actions Needed
Discovered on 11 Dec 2014 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 - No action taken yet.WE HLDGS W150827, Expiry Date: 27 Aug 2015, Exercise price = $0.03, Conversion ratio 1:1 - No action taken yet.HEETON W150903, Expiry Date: 3 Sep 2015, Exercise pric...

My stocks portfolio - Nov 2014
Discovered on 9 Dec 2014 at 9:38 pm
% of Each Counter in my Portfolio
Discovered on 8 Dec 2014 at 12:39 am
A reader asked me about the % of the top 30 counters in my portfolio. I compile a table to show the information. This is based on the month end closing of November. S/No Counter % of Portfolio 1 SPH 5.597% 2 ComfortDelGro 5.088% 3 OCBC Bank 4.522% 4 DBS 4.407% 5 Ausnet Services 3.356% 6 Sembcorp Ind 2.981% 7 Starhub 2.701% 8 ST Engineering 2.638% 9 Frasers Comm Tr 2.615% 10 Metro 2.540% 11 SGX 2.388% 12 CapitaLand 2.166% 13 CitySpring...

28 November 2014
Discovered on 7 Dec 2014 at 8:27 pm
The November Update of my portfolio is one week late, as I was on a business trip in Europe last week. The global equity market was quite positive, led by US market. The weak performance in China economy, falling oil price, weak European performance failed to dampen the market. Singapore market follow the US trend. STI rose 2.33% to 3,350.50 on 28 Nov, impressive performance indeed. However my portfolio value rose on 0.3% for the month. This was mainly due to poor performance of Keppel, SembC...

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...

油氣股潰不成軍‧大馬股匯重傷
Discovered on 1 Dec 2014 at 5:03 am
Last Stage of Bull Market?
Discovered on 30 Nov 2014 at 7:09 pm
As Sir John Templeton puts it so rightly: "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria."Pessimism is born.After the global financial crisis of 2007-2008, stock markets plummeted and everybody got out of stocks.  People feared a great crash and cashed out.  The worst was feared.  Large financial institutions might have collapsed if not for the bailouts.  Everywhere was gloom and doom.  Nobody actually wanted to enter into stocks.  This would a...

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

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

Jim Rogers on Russia and China, Did Not Buy Alibaba, & Run For Your Lives
Discovered on 28 Nov 2014 at 7:04 pm
曾淵滄-股市资讯专栏 28.11.2014 -中国减息确有为沪港通护航的味道
Discovered on 27 Nov 2014 at 10:55 pm
Malaysia Palm Oil Futures Rise - Hope for Golden Agri and Wilmar?
Discovered on 25 Nov 2014 at 8:31 am
Malaysian palm oil futures rose on 25 Nov 2014, moving away from the one-month low.  It closed at RM2,218 as compared to the 28 Oct low of RM2,187.  Palm oil output rose 2.4% between 1 Nov to 20 Nov compared with a month ago, lifted mainly by a 9% increase in yields in Sabah.  Oil palm is a big thing in Malaysia.Low palm oil prices have caused stocks like Golden Agri-Resources, Bumitama, First Resources, Wilmar, etc to drop in their share price over the past few month.  Export demand is expec...

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

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

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

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

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

Indonesian Thermal Coal
Discovered on 16 Nov 2014 at 7:25 am
In one of his books, Aswath Damodaran mentioned a strategy for investing in cyclical commodity companies. When the commodity price is low, below the marginal cash cost of production, buy the lowest cost producer, who will survive and benefit once the commodity price recovers after the more expensive players are forced out of the market.Newcastle (Australia) coal has dropped 50% since 2011:(Source - indexmundi)Futures have it between USD 63 now and USD 72 in 2020.A google for thermal "coal cos...

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 […]

曾淵滄-股市资讯专栏 14.11.2014 -习近平的亚太梦及中国上市企业的吸引力
Discovered on 14 Nov 2014 at 12:34 am
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
Apple watch
Discovered on 2 Nov 2014 at 2:16 am
Apple's new watch:Looks nice, I think normal people would wear it.  Beautiful, with a lot of attention to detail.It has new ways to navigate the UI, such as using the crown to zoom.The back of the watch provides 'haptic feedback', buzzing or nudging your wrist silently.The watch does not fit under a shirt sleeve, so cant be a dress watch.What can you do with it?See incoming messages or calls on your wrist.Open hotel doors and act as a boarding pass.Use ApplePay.Provide turn-by-turn walking di...

31 October 2014
Discovered on 31 Oct 2014 at 5:13 am
The equity market experienced some turbulence in the first half of the month. This was due to several bad news: Weak economics data from Europe and China, conflict in ME with Isis, Ebola scares, protest in Hong Kong... etc. By the middle of the month STI dropped more than 100 points. Indices recovered, however, in the 2nd half of the month. STI closed today at 3274.25, recovering almost all losses from the first half. My portfolio did slightly better. It's value rose 0.33% for the month. I to...

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

曾淵滄-股市资讯专栏 31.10.2014 --政治问题导致沪港通延期?
Discovered on 31 Oct 2014 at 12:27 am
Berendsen
Discovered on 25 Oct 2014 at 8:29 am
Got this idea from Gannon and Hoang on Investing.  They explain Berendsen's business model and competitive advantage well - in the rental and laundering of textiles for organizations, transportation costs are a major part of such services so clients are clustered around plants, which helps prevent competitors moving in.  Its a route density game.They have traditionally done workwear and linen (for hotels and hospitals), but are not moving into mats, washroom services and cleanroom.Client cont...

Company Warrants Expiring in 2014 - Actions Needed
Discovered on 24 Oct 2014 at 1:46 am
I need to remind myself all the outstanding company warrants that are expiring in 2014 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WEE HUR W140222, Expiry Date: 22 Feb 2014, Exercise price = $0.25, Conversion ratio 1:1 - Warrants exercised and converted to shares.ASIATRAV W140717, Expiry Date: 17 July 2014, Exercise price = $0.245, Conversion ratio 1:1 - Warrants exercised and converted to shares.GBLYELL...

曾淵滄-股市资讯专栏 17.10.2014 -沪港通随时启动,但占中问题仍未解决
Discovered on 17 Oct 2014 at 4:24 am
10 Years of Blogging
Discovered on 6 Oct 2014 at 5:16 am
Dear all,This blog is 10 years old! My first post for this blog was in 7th October 2004. How time files. What started out as a hobby in investment had transformed into a full-time adventure as a private investor for the past 3 years.Blogs come and go, and this blog had become a record of my investment adventures for the past 10 years. It started out as a request from a forumer at sgfunds.com to disclose some of my stock investment and later become a regular monthly updates of my investment tr...

曾淵滄-股市资讯专栏 03.10.2014--港股因占中而回落,中国股市反而造好
Discovered on 3 Oct 2014 at 3:46 am
My stocks portfolio - Sep 2014
Discovered on 1 Oct 2014 at 12:47 am
30 September 2014
Discovered on 30 Sep 2014 at 9:22 pm
Regional conflicts in Middle East, Ebola crisis in Africa, unfavourable business data from Europe and China, all these negative factors weighed on the equity market in September. The latest development in Hong Kong doesn't help at all. STI dropped 50.35 points, or 1.51% in the month, to end at 3276.74 at the end of the month. My portfolio did worst, its value drop 2.02% in the month. Will the market continue with the down trend in October? Or worst still, will the 2007 market melt down repeat...

My Investment Portfolio (September 2014)
Discovered on 30 Sep 2014 at 8:29 am
STI ended this month down to close at 3276 points. The market is very much in negative territory especially towards the end of this month, as investors grapple with issues like timing of interest rate hike in US, weak China growth, euro zone sluggishness and lately, unrest in Hong Kong. With so many bad news out there, it is no wonder that most investors had opted to stay on the sidelines. For this month, I have attended the following AGMs/EGMs/briefings - CM Pacific, Hotel Grand Centra...

OCBC Rights Issue
Discovered on 29 Sep 2014 at 4:17 am
Today the result of OCBC right issue was out. This right issue must have been well received and subscribed by investors, because I was only awarded with 29 excess right shares though I applied for more. The excess shares don't even round my holding to the full lot, but only to the next half lot...hmm...Full lot or not, it's not so important. Since I am subscribing to the scrip dividend scheme, I am going to receive odd lot anyway. Since the shares (rights and excess rights) received are at a ...

直擊阿里掛牌 一度飈近5成
Discovered on 19 Sep 2014 at 6:12 pm
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 Investment Portfolio (August 2014)
Discovered on 1 Sep 2014 at 12:57 am
STI ended this month down to close at 3327 points. It had been another quiet month with worries on geopolitical issues taking the centre stage. Some of them had been mentioned by me during my previous monthly posts and therefore I shall not repeat here. There are also not much surprises from companies with financial year ending June 2014 when they reported their results during the month.For this month, I have attended the following AGMs/EGMs/briefings - Goodpack, Longcheer, Tianjin Zhon...

29 August 2014
Discovered on 31 Aug 2014 at 8:39 pm
August has not been a good month for share investors. STI has been in negative region (compare to end of July) the whole month. Globally, the stock market is still affected by the Middle East and East European Conflicts. European market continues to be weak but U.S. seems less affected.As at today, STI closed at 3327.09, down 46.97 point, or 1.39% from July. My portfolio performed slightly better than STI this month, thanks to UE, whose price shot up more than 20% on talk of acquisition. Port...

My stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
31 July 2014
Discovered on 4 Aug 2014 at 1:46 am
STI rose 118.39 points, or 3.64% in the month of July, although the trading volume was not high. Market seemed to be unfazed by the regional conflicts in Ukraine and Middle East. Poll results from Indonesia did not affect the market badly, neither did the aviation accidents happened in July. My portfolio did not perform as good as the STI. Its value rose only 1.56% in the month. Perhaps it was due to the fact that many counters went XD towards the end of the month. I bought some Ascendas H Re...

My stocks portfolio - Jul 2014
Discovered on 3 Aug 2014 at 1:09 am
My Investment Portfolio (July 2014)
Discovered on 31 Jul 2014 at 10:57 pm
STI ended this month up more than 100 points to 3374. There had been some buying interest in index stocks this month as companies with financial year ending 31 December 2014 will be announcing their half year results this month and in August. Investors might be buying some index heavyweights like banks and property stocks in anticipation of good results.For this month, I have attended the following AGMs/EGMs/briefings - SingPost, Azeus, Ascendas India Trust, Grand Banks, MapleTree Logis...

Leveraging by Pledging My Existing Investment Portfolio
Discovered on 9 Jul 2014 at 9:30 pm
Over the past 2~3 years, I have built up a "sizeable" unit trust investment portfolio with a bank. The funds I invested are mostly of moderate risk. While the prices did not appreciate very much, I have collected good dividend amounting to 4~5% steadily. Two weeks ago, my RM from the bank asked one of the financial consultant to run a "crisis simulation test" on my existing portfolio. The test was to see how my investment would have been affected by "Sub-prime crisis", "SARS crisis" and "Glob...

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...

My Investment Portfolio (June 2014)
Discovered on 30 Jun 2014 at 11:02 pm
STI ended the month on a losing note at 3255 points. Markets had been quiet this month, with low trading volume on most days. This is because of the ongoing FIFA World Cup in Brazil and also worries about unrest in Iraq. Also, there is no much news on the corporate front to move the market.For this month, I have attended the following AGMs/EGMs/briefings - Global Yellow Pages, Sunvic, ISR Capital, 2nd Chance, Transit Mixed Concrete, Global Invacom and A-REIT.For my top 30 holdings, ...

30 June 2014
Discovered on 30 Jun 2014 at 10:03 pm
School holidays plus football world cup, the result is a sleepy market. STI retreated in quiet market for the month, due to tensions in Iraq and Eastern Europe. STI ended for the first half of the year at 3255.67, dropped 1.22% or 40.18 points compared to last month. Surprisingly, my portfolio performed much better than the STI. Its value dropped only 0.04% in the month, thanks to some defensive counters. I did not make any purchase from open market this month, but received some shares from M...

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...

30 May 2014
Discovered on 5 Jun 2014 at 7:37 am
It was that magic month "May" again. STI stayed in negative territory in the first half of the month, suggesting that the market was going to fulfil the saying "Sell in May and stay away". But no! STI recovered in the second half of the month and ended above 3300 today (month end). That is 0.88% (28.8points) higher than last month. Market seemed to have digested all the bad news i.e. Ukraine crisis, China slow down, tension in South China Sea, etc. Though these problems are all unresolved, eq...

My stocks portfolio - May 2014
Discovered on 3 Jun 2014 at 12:13 am
My Investment Portfolio (May 2014)
Discovered on 31 May 2014 at 10:42 pm
STI ended the month up at 3296 points. Markets had been quite steady this month. Companies with financial year ending March 2014 had been reporting their full-year results, and most had met market expectations. Basically, markets lack more bad news to pull it down, therefore it had remained steady.For this month, I have attended the following AGMs/EGMs/briefings -Petra Foods, HanKore, Jacks International, Frasers Centrepoint Trust and Low Keng Huat.For my top 30 holdings, the main co...

My stocks portfolio - Apr 2014
Discovered on 4 May 2014 at 6:20 am
30 April 2014
Discovered on 1 May 2014 at 2:56 am
Equity market performed well in the month of April, though the tension in Ukraine and news on Chinaslow down affected the sentiment and limited the up side. Good corporate earning results helped the market to move up. STI performed well except the last week of the month, when rising tension in Ukrainecaused some sell brought down the index. Towards the end of the month, the good results reported by the 3 local banks sent market moving up again. STI closed at 3264.71 today, rising 76.09 points...

My Investment Portfolio (April 2014)
Discovered on 30 Apr 2014 at 11:25 pm
STI ended the month up at 3264 points. It had been a month of buyouts as companies with good asset backing had been a target of takeover offers and privatisation. The companies in question include CapitaMalls Asia, Hotel Properties, LCD Global Investments Ltd etc. This had led the market re-rating some of the stocks in this category which supported the market somewhat. There is also some speculation as to which company will be next in the list of buyout. The 3 local banks also reported their ...

My stocks portfolio - Mar 2014
Discovered on 1 Apr 2014 at 4:42 am
My Investment Portfolio (March 2014)
Discovered on 1 Apr 2014 at 12:38 am
STI ended the month at 3188 points. Good news out from US and China seem to support the market this month coupled with not much bad news from the Ukraine-Russia front. The last week of the month was particularly strong for STI.For this month, I have attended the following AGMs/EGMs/briefings - Qian Hu and Roxy Pacific.For my top 30 holdings, there are some minor changes. Hong Fok and Far East Orchard moved up quite a bit after I added more into them this month. ABR Holdings is a new sto...

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

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

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

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

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

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

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

Newbie's IB Portfolio - Short Gold! OMG!!!!
Discovered on 26 Feb 2014 at 12:28 am
Ridiculous Initial Margins In IB For 2 Closed End Funds?
Discovered on 25 Feb 2014 at 12:02 am
Newbie's IB Portfolio - Interim February 2014
Discovered on 24 Feb 2014 at 7:38 pm
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
Bought Express Scripts (ESRX)
Discovered on 16 Feb 2014 at 7:43 am
Had my eye on this for a while; bought because it did not fall when the indexes corrected (22nd Jan to 5th Feb), and the correction is (hopefully) over:Bespoke Investment also notes that the Drugs and Biotech has been the strongest industry group since the start of tapering (mid Dec), and Healthcare is one of the strongest sectors in the February's post-correction bounce. Fundamentally:ESRX is the largest Pharmaceutical Benefit Manager in the US.  Their business is to act as a middleman betwe...

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

My stocks portfolio - Jan 2014
Discovered on 6 Feb 2014 at 9:25 pm
30 January 2014
Discovered on 4 Feb 2014 at 5:44 am
January 2014 has not been a good month for the equity market. Weak data from China affected the share market performance. US Fed’s announcement to further trim USD10 Billion in bond buying towards the end of the month sent worldwide stock market in to down fall. Singapore market performed badly this month. STI dropped 145.52 points (4.59%) to end at 3,021.91 at the end of the month. My portfolio dropped with STI. Its value decreased by 3.25% for the month. Judging by the trend and news receiv...

Research report on yield securities - SGX
Discovered on 3 Feb 2014 at 8:57 pm
My Investment Portfolio (January 2014)
Discovered on 31 Jan 2014 at 9:03 pm
STI started the year on a weak note. The expected CNY rally did not happen and STI retreated to around 3027 points. Many factors were cited for this weakness, with the US Fed cutting its stimulus, weak manufacturing data from China, weakness in emerging market currencies etc. At home, property stocks received a beating as investors are worried about slow moving sales in the local residential market after various government measures to cool it.For this month, I have attended the followin...

Newbie's new bond portfolio performance - 2014 against Inception (31st December 2012)
Discovered on 31 Jan 2014 at 7:46 pm
My stocks portfolio - Dec 2013
Discovered on 1 Jan 2014 at 11:53 pm
Investment Strategy for 2014
Discovered on 1 Jan 2014 at 2:27 am
2014 is expected to be a good year for the markets, at least according to the analysts. Corporate profits are expected to go up, and markets are cheering since the tapering had started slowly and not as bad as expected. Economics are humming along, which should be good for equities.Personally, I think one should be prepared for volatility in the markets for the year ahead. Your portfolio must be able to withstand market correction and also take opportunities to re-invest back into the markets...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Higher yields make Ascendas attractive bet
Discovered on 8 Sep 2012 at 6:58 am
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Hospitality Brand name Hotel properties Limited
Discovered on 2 Sep 2012 at 9:18 am
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Demystifying Capitaland Group
Discovered on 29 Aug 2012 at 1:34 am
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Massive constructions of Starhill Global REIT
Discovered on 21 Aug 2012 at 12:05 am
Starhill Global REIT is a real estate investment trust. This trust provides support in the real estate finances which are generally for office spaces and retail purposes.  It is spread across both Singapore and overseas. The Company got listed on the main board of the Singapore Exchange Securities Trading Limited in the month of September, 2005. Since, then the company huge and have improved its portfolio. It has two landmark properties in Singapore and the rest are in Malaysia, China, Austra...

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...

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

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


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