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:

February 2016
Discovered on 5 Feb 2016 at 4:51 am
. Results Announcement 1 Feb 16 : SIAEC (Q316) – EPS 4.4ct vs Q315 4.13ct (9M16 12.4ct vs 9M15 12.67ct) 4 Feb 16 : SingPost (Q316) – EPS 1.84ct vs Q315 1.84ct (9M16 6.15ct vs 9M15 5.37ct) ; Div 1.5ct … Continue reading →

SBSTransit : Q415 Results
Discovered on 5 Feb 2016 at 3:08 am
Financials  

SingPost : Q316 Results
Discovered on 4 Feb 2016 at 3:58 am
Press Release Presentations Financials  

SIAEC : Q316 Results
Discovered on 1 Feb 2016 at 4:56 am
Press Release Financials  

January 2016
Discovered on 29 Jan 2016 at 7:43 am
Results Announcement 12 Jan 16 : SPH (Q116) – EPS 5ct 18 Jan 16 : M1 (Q415) – EPS 4.7ct vs Q414 4.8ct (FY15 19.1ct vs FY14 18.9ct) ; Div 8.3ct vs 2H14 11.9ct (FY15 15.3ct – 80% Payout vs … Continue reading →

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

SMRT : Q316 Results
Discovered on 25 Jan 2016 at 5:09 am
Press Release Financials  

SGX : Q216 Results
Discovered on 20 Jan 2016 at 4:55 am
Press Release Financials  

M1 : Q415 Results
Discovered on 18 Jan 2016 at 3:31 am
Press Release Presentations Financials  

SPH : Q1 Results
Discovered on 12 Jan 2016 at 7:03 am
Press Release Presentations Financials  

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

December 2015
Discovered on 31 Dec 2015 at 2:45 am
    STI = 2882.73 (-482.42 for the Year) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown Hong Leong Fin FY14 (Dec) 14.17 10 $2.330 4.292% 16.44 Interim 4ct ; Final 6ct SGX FY15 (Jun) 32.6 28 … Continue reading →

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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


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For A Better Tomorrow
Discovered on 7 Feb 2016 at 3:58 am
These are difficult times for investors. Even for me who have gone through several bear markets, I have felt the stress. However, it is times like these that we learn how to be better investors, building up our strengths in emotional control, investment strategies and stock-picking skills. Bear markets are very good at exposing our […]

Invest in What You Know
Discovered on 7 Feb 2016 at 2:12 am
I was just reading Peter Lynch’s book “One Up on Wall Street” (realised that I haven’t done a book post for a while as well), about halfway through the book so far, but the most interesting thing brought up so far, investing in industries that we know, either as customers, suppliers or employees, sounds like […]

Ask the experts: 8 property investment questions for 2016
Discovered on 7 Feb 2016 at 2:00 am
Property Club Singapore kick-started 2016 with Properties in Year of the Monkey Market Updates and Networking Luncheon. Speakers shared with the 90 participants their latest figures on the performance of different property sectors. They also recommended some property investment strategies for the new year. Participants found the roundtable discussion session and the panel discussion at […]

Heartland Boy Shops for a HDB BTO
Discovered on 7 Feb 2016 at 2:00 am
It was not too long ago that Heartland Boy participated in a HDB BTO (Housing Development Board Build to Order) exercise. For the foreign readers who are in unfamiliar territory, this is a public housing system in Singapore that allocates new HDB flats to aspiring home owners. For first-timers, this can be a pretty harrowing and […]

Thoughts on Lunar New Year
Discovered on 6 Feb 2016 at 11:32 pm
For some people like ACCICB, the new year only begins after Lunar New Year. For me, I prefer 1st January but whichever approach you take doesn’t matter as long as it signifies a fresh start for you. Much like in investing or trading, there are many ways to be successful and what works for you […]

How Accurate is Feng Shui in Predicting the Stock Market?
Discovered on 6 Feb 2016 at 7:00 pm
The January crash started without warning and strike on the first trading day of 2016, sending shock waves around the world as the China’s stock market fell by the stock exchange circuit breaker limit of 7%. Oil prices, pressured by a combination of slowing demand, rising supplies and a rising USD fell below 30 dollars, […]

Six Chinese New Year Singapore stocks investors must take note of
Discovered on 6 Feb 2016 at 6:00 pm
It is Chinese New Year, how many Singapore stocks you can think of which are related to Chinese New Year? Well, the below is my list: 1) F&N stock: What is Chinese New Year without all those sugary drinks from F&N to go along with the many wonderful snacks? For myself, I have bought two […]

What if the Acceptable Savings Rate for You is 50% of your Disposable Income?
Discovered on 6 Feb 2016 at 5:00 pm
There is something horrible being passed around during this year’s Lunar Chinese New Year that we did not see in the past year. It is this few Ang Bao Rate Table. Yes. As if Hotel and Restaurant Rate Table for Weddings is not enough, we require the same for how much you give different type […]

Why you shouldn’t panic over a disastrous January
Discovered on 6 Feb 2016 at 5:15 am
Why you shouldn’t panic over a disastrous January – Truewealth Publishing The verdict is in… it’s been one of the worst Januarys ever for stock markets around the world. But don’t write off 2016 yet. As we’ve written before, the so-called “January barometer” states that if markets are down in January, they’ll be down for […]

Portfolio Transactions Update (Jan 2016)
Discovered on 6 Feb 2016 at 2:30 am
Updates for my dividend portfolio for January 2016 I believe my analysis is still not comprehensive enough yet, looking to improve in the future.(I’m still doing my mini checklist for screening dividend stocks, now left with 25, then maybe a final filter) Bought OCBC at 7.80 Reasons Panic from general economic outlook Blue Chip Dividend […]

Things I do not invest in.
Discovered on 6 Feb 2016 at 2:00 am
Its always important to define your ‘circle of competence’, in addition to that, its even better to understand your limitations. Look, I’m a 24 year old guy, been investing for 4 years have some experience looking at stocks and listening to analyst calls. But thats about it. Making huge calls on where the economy is […]

Dos & Don’ts during Oil Crisis!
Discovered on 6 Feb 2016 at 2:00 am
This post continues from previous post “Is oil price really sustainable below $30? (Part 1)”. I ended in that article stating to follow up with the discussion on the “Dos and Don’ts” during an Oil Crisis. DO know the broader impacts oil price have on us!  For the DOs, I think everyone of us does need to […]

Volatility aka Standard Deviation
Discovered on 6 Feb 2016 at 2:00 am
Normally we will consider 2 important areas when investing in a particular asset :The Risk & Returns of the asset. When caculating returns,it will be much more straight forward.However when come to risk assumption between 2 different asset ,we have a method which require more work is by caculating the Standard Deviation of a particular […]

Perpetually Overspending even with a High Income
Discovered on 6 Feb 2016 at 2:00 am
The impulse to overspend with credit cards can happen to anyone. I am no angel and do splurge on holidays (that were over my budget). We all know, and I hope everyone knows, charging more to your credit card than you can pay off when your bills arrive can lead to huge interest charges (plus […]

Portfolio simulation. 50k is enough to pay 9months of dividends a year. Bao Chi
Discovered on 6 Feb 2016 at 2:00 am
A friend of mine said that my investment method is only reserved for pple with more funds. Not true! i decide to do a portfolio simulation with less than 10 counters, probably good for people with little time for monitoring yet want to reap the benefits of investing in the stock market. (I am vested […]

Singapore Banks
Discovered on 6 Feb 2016 at 2:00 am
The local banks are going to declare their earnings report in an approximate 2 – 3 weeks time. Looking across all the 3 local banks’ chart, (1) it highlighted a bearish sentiment reading, from monthly chart to daily chart. (2) at this moment, OCBC has entered support zone on the monthly chart, reserved for Bear Market, […]

A 14,600% upsurge in this Singapore stock on 2 Feb 2016
Discovered on 6 Feb 2016 at 1:30 am
As I was going through some stock charts, one stock chart caught the attention of me as I noted a large stock candlestick in the charts. This stock closed at $0.137 on 1 Feb 2016 and opened at $20 on the following day hence the stock price went up by about 14,600% at the opening […]

15HWW New Investment Strategy: Part I – Why I Am Not Picking Individual Stocks Anymore
Discovered on 5 Feb 2016 at 10:22 pm
As I have said many times before, this was originally supposed to be part of an e-book. However, since I anticipate too much effort and time being spent on designing the book and thinking over how best to distribute it, I have decided to shorten the content and publish it over 3 posts instead. Do look […]

GBP NZD: Trading in a Falling Wedge
Discovered on 5 Feb 2016 at 7:03 pm
GBP/NZD is currently trading within a Falling Wedge (chart pattern labelled in blue color). This currency pair was rejected at 200D EMA (red line) which is also the 61.8% Fibonacci Retracement Resistance (also the support turned resistance level) at about … Continue reading →

Asset Allocation – Total Approach
Discovered on 5 Feb 2016 at 7:00 pm
I realised I have been writing quite a bit about index ETFs and it’s probably time to write about something else. Just to keep things interesting! Asset Allocation – Total Approach We have a Google Spreadsheet that tracks our entire net wealth. It contains information about our assets, liabilities, income and expenses – essentially our Balance Sheet […]

Bf Gf Portfolio and Other Financial Updates
Discovered on 5 Feb 2016 at 7:00 pm
What a crazy few months it has been. I have been busy setting up and launching my new online business after the big failure from last year.  Using the painful lessons learnt, I managed to make this new business profitable within just 3 weeks!  (To put this in context, I struggled for 2 years with […]

GBP CAD: Hanging Man
Discovered on 5 Feb 2016 at 6:42 pm
GBP/CAD rebounded from the 200D SMA and 200D EMA with double Hanging Man. This GBP/CAD pair is also trading in a Rectangle chart pattern with clear support at 1.9852 and resistance at 2.09502.

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

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

Secura, GLP - Trade Records, Entry/Exit, P/L
Discovered on 4 Feb 2016 at 8:14 pm
Attached is the trade records for Secura and GLP that was recently traded. It was such a good ride buying on the way up rather than averaging down which is a wrong thing to do. Short term trading, zipping in/out of Secura was exhilarating because it was easy to spot Peter Lim's movement BEFORE he made his first move. Watch out for our next trade. If you are interested to join us, send me an email at [email protected] with your name and contact details.If you trust me, I can turn ...

QT Vascular - A Sell Down Imminent
Discovered on 4 Feb 2016 at 6:59 pm
Upon more deeper analysis, QT Vascular is a weak stock and a sell down is imminent. The Big Hands for this stock is not supporting the stock and they might not be any buyers to support it. BE alert of your long positions if you have any!Ronald K - Market Psychologist - A Stock Market Opportunist

Secura Warrant - 3.8 Million Shares Done
Discovered on 4 Feb 2016 at 3:54 am
Another superb day for Secura as the stock climbed up the ladder with ferocious buyers. It was already a good day yesterday but today was better, as we unloaded 3.8 million shares at an average price of 0.214, Obviously we did not buy at the bottom as one price and sell at the top at one price. It's 2-3 rounds of buy and sell to make this contra profits fat. As I mentioned I will be sharing my new $$ makign strategy tomorrow and Secura was just a start. See ya'll tomorrow.http://stockmarketmi...

QT Vascular - Look at The Sell Queue
Discovered on 4 Feb 2016 at 1:36 am
QT Vascular started to show signs of breaking down as predicted earlier in the morning.http://stockmarketmindgames.blogspot.sg/2016/02/qt-vascular-important-juncture.htmlThere were no strong buyers today and the stock was depressing itself with some others cutting losses in this counter. The sell Queue is consistently pilling up with huge amount of retailers while the buy Q diminished. It's interesting to note what's the outcome will be soon. Those who long, beware and alert!Eventbrite - Register for FREE SMS Stocks AlertRonald K - Marke...

SMRT - Furious Buyers Into Good News
Discovered on 3 Feb 2016 at 9:01 pm
The buyers for SMRT consistently flocked in after my Jan 31st post on its bullishness. On that post, I warned the shortists about your shorting positions if any and indeed, the shortists got squeezed if they ever shorted this powerful stock. Read my below link to see how I do my analysis!http://stockmarketmindgames.blogspot.sg/2016/01/smrt-good-news-into-charts.htmlhttp://stockmarketmindgames.blogspot.sg/2016/02/smrt-uprising-prices-today.htmlToday the stock appeared in the Top Volume with ri...

QT Vascular - Important Juncture
Discovered on 3 Feb 2016 at 6:36 pm
QT Vascular is now at the most important juncture with no form of buyers. The buyers seemed to disappear every time when substantial players came in for the first time, the next few days, the stock just went depressed again. Looking at this activity, QT looks tricky and I am not confident of the direction. However, if I need to choose, it may break down before moving higher. Checking if it's shortable, CFD DMA has scripts. Getting ready when the timing turns.Eventbrite - Register for FREE SMS Stocks AlertRonald K - Market Psychologist - ...

Singapore Straits Times Index - World Class Prediction, Come Learn From Me FREE
Discovered on 3 Feb 2016 at 3:32 am
Before I conducted my LIVE Trading today, I made an important outlook on STI in my private forum @ 8.54 am in the morning before market opens at 9 am. I said NOT to short the market today as it will rebound in the noon. At the point of making this outlook, many students saw how fast I made this prediction in less than 5 seconds and from there on, I would just need to trust my day to day outlook that it shall be accurate.Today was just another world class prediction that materialized. After th...

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

Secura LIVE Trading - Thank You Peter Lim
Discovered on 2 Feb 2016 at 8:33 pm
Today was yet another good trading day. In my lifestyle blog, I promised that we will trade another stock together LIVE and yes, today we played Secura, the newly listed Peter Lim Stock as a team.http://ronaldkstockmarket.blogspot.sg/2016/01/phillip-securites-next-traded-stock.htmlSeeing is believing and there many clients who raised their hands, wanting to make $$ with me on the next stock again which made me so happy. Making $$ LIVE with Ronald K is an art with a twist. Why? For Secura toda...

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

New Year Plan - Come See Me
Discovered on 2 Feb 2016 at 7:44 am
CNY is next week and I will be giving out FREE alerts and stocks to watch out for during this festival period. I will also be launching a new $$ making plan for those who are interested to learn more. Today was the first day of the launch as you can see from the picture above and coming this Friday will be your last chance to do so. Interested parties can register below. I will start from 11.30am - 1pm, please note.Eventbrite - Register for FREE SMS Stocks AlertRonald K - Market Psychologist - A Stock Market Opportunist

Secura - Peter Lim and Co Selling?
Discovered on 1 Feb 2016 at 7:53 pm
I had been covering Secura since the day it went IPO last week. I also had been warning not to touch this counter because it's Peter Lim's stock with many uncertainties. And true enough, the stock performed accordingly to what I predicted, the prices depressed with declining price. Read all my Secura post below to see how I did my forward prescient prediction.http://stockmarketmindgames.blogspot.sg/search/label/securaAs of now, the price is trading at 0.198 from the high of 0.255 since IPO. I...

Noble Group - Sold wtih 550 Lots
Discovered on 1 Feb 2016 at 7:36 pm
Noble continued it's heavy sell down as of now. From yesterday after unloading the 550 lots currently, the prices retraced from 0.33 to 0.30 with a huge amount of sellers.http://ronaldkstockmarket.blogspot.sg/2016/02/noble-group-it-was-good-contra-trade.htmlAt the meantime, I am rotating to other counters for the next opportunities. The plan is not to stick on one stock for a long time.Ronald K - Market Psychologist - A Stock Market Opportunist

Non-Landed Residential Resale Property Transactions for the Week of January 13 – January 19
Discovered on 1 Feb 2016 at 8:06 am
Singapore Property News This Week #245
Discovered on 1 Feb 2016 at 8:00 am
Residential SPRI for shoebox apartment falls by 4.3% in 2015 According to flash estimates by the National University of Singapore, the Singapore Residential Price Index (SRPI) for small units of up to 506 sq ft has fallen by 4.3% in 2015, making it the worst price performer that year. Comparatively, the price indices for the […]

3 Negotiation Tips for Property Buyers, Sellers and Investors
Discovered on 1 Feb 2016 at 7:56 am
By Property Soul (guest contributor) In a tenants’ market, it is commonplace to see tenants bargaining with landlords for a good rental deal. I shared a private apartment with two flatmates between the years 1999 and 2003. The 1,700 sqft flat was previously tenanted at $2,500 was let go at $1,800 a month after being […]

Singapore Property Weekly Issue 245 now out
Discovered on 1 Feb 2016 at 7:45 am
In this week’s issue: 3 Negotiation Tips for Property Buyers, Sellers and Investors Singapore Property News This Week Resale Property Transactions (January 13 – January 19) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 245

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Discovered on 1 Feb 2016 at 1:42 am
Secura - Depressing Stock Price
Discovered on 1 Feb 2016 at 1:10 am
Secura hit a low of 0.21 as per my bearish post last week. The stock is currently in an oversold region where I would not look for any buying opportunities now until the penny season.http://stockmarketmindgames.blogspot.sg/2016/01/secura-consistently-sellers.htmlhttp://stockmarketmindgames.blogspot.sg/2016/01/secura-sold-down-with-big-sellers.htmlTo beat the stock, one must know the intentions behind the operator and I will reveal how they play this counter in my workshop tomorrow.Eventbrite - Register for FREE SMS Stock AlertsRonald K - ...

Singapore REIT Fundamental Analysis Comparison Table – 1 February 2016
Discovered on 31 Jan 2016 at 8:55 pm
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 695.93 to 688.7  (-1.04%) compare to last post on Singapore REIT Fundamental Comparison Table on Jan 3, 2016. The index is consolidating in a Symmetrical Triangle pattern. The long term trend remains … Continue reading →

SMRT - Uprising Prices Today
Discovered on 31 Jan 2016 at 8:42 pm
SMRT is currently rising and the stock price as predicted after the magazine report is on an uptrend. As warned yesterday to the shortist to be alert, the buyers were strong.http://stockmarketmindgames.blogspot.sg/2016/01/smrt-good-news-into-charts.htmlIf you are into buying a good stock or looking to long stocks for investment, I have a few up on my sleeve. Tomorrow I will be sharing more on how to spot those.Eventbrite - Register for FREE SMS Stock AlertsRonald K - Market Psychologist - A Stock Market Opportunist

Noble Group - $10,000 Unrealized Profits
Discovered on 31 Jan 2016 at 7:13 pm
My student is in an unrealized profits of $10,000 now. Noble is currently in the Top Volume no 1 with price gaping up. The $10,000 was made in 3 Contra days. I am so happy for him that after the Jan course, he was able to spot the bottom for Noble himself without my help. This is a testament of the skill you are going to acquire if you signed up for my course. My course is currently so hot that my April is almost fill up soon. Next course maybe in June. Thanks all.Eventbrite - Register for FREE SMS Stock Alertsupdate 1/2/2016, 9:39amNoble...

HLF 1.99% FD Promotion
Discovered on 31 Jan 2016 at 10:30 am
HLF 1.99% FD Promotion Singapore Savings Account Rates blogspot dot com is the online presence where we share HLF 1.99% FD Promotion and other up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income

ChartAdvisor for January 29, 2016
Discovered on 31 Jan 2016 at 7:21 am
By Justin Kuepper | January 29, 2016   The U.S. markets moved lower over the past week, as of Thursday’s close, as volatility continued to roil the markets. With the economy slowing down during the latter part of last year, investors are … Continue reading →

SMRT - Good News Into Charts
Discovered on 31 Jan 2016 at 6:10 am
Over the weekend, the edge magazine had a feature on SMRT. After reading it, it made logic and sense. On the surface, the company looks like they made some improvements with more transparency with concerted effort to improve it's image with a blog and an advertising campaign. This is what it portrays in the media and news but in fact, this piece of good news had already been factored into the SMRT stock price as shown in the chart above circled at the gap down point. SMRT as of now looks bull...

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

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

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

Unless we are rich, be pragmatic and not romantic.
Discovered on 30 Jan 2016 at 4:31 am
A conversation with a reader: Dear AK,Finally, my husband and I have set aside $10K as emergency fund and will be contributing to this fund on a monthly basis. T o us, this is a "giant" step as we never have any such funds before we got married.We... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Logistics - Lock Out The Shortitst
Discovered on 29 Jan 2016 at 8:16 pm
As predicted in my previous post on Wednesday that GLP's operator will be doing a major flush before conducting a rally, indeed, that happened yesterday and the stock sprung up and closed almost near the day high. Read the below post for my analysis and see how I predicted it!http://stockmarketmindgames.blogspot.sg/2016/01/global-logistics-wavering-through-big.htmlActually, it's not difficult to do forward prediction as I had been doing so for many years. Most of the days I got it right but v...

Secura - Sold Down with Big Sellers
Discovered on 29 Jan 2016 at 4:04 am
In the end, as predicted Secura had a number of huge sellers selling down the stock as posted 12.14pm in the noon. from morning 0.24 to closing 0.22, the sellers were punishing the buyers and asking them not to buy now because the timing is not right.http://stockmarketmindgames.blogspot.sg/2016/01/secura-consistently-sellers.htmlOn another note, STI was overtly bullish today, closing a day high of 66 points with many underlying stocks running. It's getting exciting now to watch out for some g...

GLP, Sembcorp Marine - Wins and Losses
Discovered on 28 Jan 2016 at 11:15 pm
It's such a volatile market. The market suddenly reversed and trended higher. Here, I am particularly impressed with my students' trade. Made $ in Sembcorp Marine but lost in GLP. It was so volatile earlier that one piece of news from Japan can cause a spike in prices and within a few minutes, it tanked again. This is trading, we expect some losses and hope for more wins. Short term trading is not risky if you can read the charts correctly and if I tell you it's simple, it's that simple, just...

Secura - Consistently Sellers
Discovered on 28 Jan 2016 at 10:14 pm
Consistent sellers in Secura and it's still not the right time to go long. It seemed as though there was no obvious buyers and the amount of sellers floating was still strong. To long this counter, the stock needs to have a reduced amount of sellers before it can perform it's fireworks again. Watching it since it's Peter Lim's small baby.Eventbrite - Register for FREE SMS Stock AlertsRonald K - Market Psychologist - A Stock Market Opportunist

Wilmar - What I See in This Breakout
Discovered on 28 Jan 2016 at 8:50 pm
Wilmar just broke out. I am currently watching this stock. In the min chart, it revealed many wonderful traps that the operator used to conduct this breakout that we see now. I was caught off guard but well, there is till chances to enter. Watching and waiting for the right timing now. I will show you how to do timing next Tues in my workshop. Bring a pen and paper.http://www.facebook.com/ronaldk.ronaldkhttp://www.facebook.com/stockspeculationhttp://www.facebook.com/stockmarketmindgamesEventbrite - Register for FREE SMS Stock AlertsRonald...

Some people so sour grape to say AK "how lian"!
Discovered on 28 Jan 2016 at 7:24 pm
An email from a very regular reader: Saw your post on CPF balance. Aiyoh, people so sour grape to say you how lian. But nevermind, I support you to be how lian, k? SMOL's comments soooo hilarious. Really made my day! ROFL.  Honestly, OA... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Jumbo - 1000 Lots Stopped
Discovered on 28 Jan 2016 at 7:23 pm
The amount of sellers in Jumbo looks promising. It looks like those who long this counter are now in some losses. I believe the stale bulls were trapped at the price of 0.465-0.48 when I first posted that the sellers were setting in. Read my post below to see how I did my analysis accurately before what's happening now:http://stockmarketmindgames.blogspot.sg/2016/01/jumbo-sellers-set-in.htmlI have to agree, I almost bought 1000 lots at 0.475 and chase this counter. Because it's 1000 lots, I d...

Choosing The Right Stock by Ronald K - Come Learn From Me
Discovered on 28 Jan 2016 at 4:33 am
With the current market condition, it's getting increasingly difficult to search for a stock for trading. However by analyzing the Top Volume, it seemed as though there are some potential counters like Sunmoon, Terratech and some other stocks with showed some kind of opportunities for short term trading. It's going to be Chinese New Year soon and I will most probably conduct my last FREE sharing session before CNY kicks in. In this last session, because stock picking is important and it can c...

Jumbo - Dumping In Action
Discovered on 27 Jan 2016 at 11:50 pm
Dumping in action for Jumbo as predicted on Monday Jan 25th. The sellers were strong and would let any buyers support the market. Those who came for my LIVE private sharing session, hundreds heard it LIVE that Jumbo is due for a sell down. Read my links below on how I did my analysis!http://stockmarketmindgames.blogspot.sg/2016/01/jumbo-short-term-selling.htmlhttp://stockmarketmindgames.blogspot.sg/2016/01/jumbo-sellers-set-in.htmlRonald K - Market Psychologist - A Stock Market Opportunist

Singpost - Effort to Sell Down
Discovered on 27 Jan 2016 at 11:41 pm
The effort to sell down Singpost is strong. Even when Alibaba has an stake on it, it doesn't necessarily mean that this stock is good. The stock is now piled up with think stack of sellers and I believe there could be one more round of selling before I expect to see some buyers. Monitoring it.Eventbrite - Register to make $500-$1000 a weekRonald K - Market Psychologist - A Stock Market Opportunist

Global Logistic - What You See In This Current Rebound
Discovered on 27 Jan 2016 at 7:51 pm
I blogged about the bullishness in GLP yesterday and today price starts to rebound.http://stockmarketmindgames.blogspot.sg/2016/01/global-logistics-wavering-through-big.htmlThis rebound happens because there could be a flush in the stock yesterday and this rebound that we see now is the resultant of what the operator did yesterday. The stock is currently trading at 1.685/1.69. The buyers were convincingly strong and no retracing. With the sheer amount of effort from the operators for the flus...

Know our goals, have the right conditions and patience.
Discovered on 27 Jan 2016 at 3:30 am
Regular readers know that gardening is one area I am spending more time in and I am enjoying my little planter in the sky. Gardening suits my temperament.  Plant the seeds, give them good conditions for growth and wait. If everything has been done... [[ 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 January 6 – January 12
Discovered on 25 Jan 2016 at 9:36 am
Singapore Property News This Week #244
Discovered on 25 Jan 2016 at 9:30 am
Residential Q4 2015 HDB resale prices up by 0.1% For the first time in 10 quarters, resale prices of HDB have risen by 0.1% quarter on quarter in Q4 2015. Ismail Gafoor from PropNex believes that resale prices have already hit its lowest in Q3 last year. Nonetheless, he predicts that resale prices will continue […]

Singapore Interest Rate Outlook for 2016 and Beyond
Discovered on 25 Jan 2016 at 9:27 am
By Paul Ho (guest contributor) In Singapore, the Sibor (Singapore Interbank Offer Rate) seems to be highly correlated to the US Federal Reserve Target Funds Rate. Hence, we tend to watch the US Federal Reserve to get clues on where mortgage interest rates in Singapore are heading. In August 2015, we forecasted that “at a […]

Singapore Property Weekly Issue 244 now out
Discovered on 25 Jan 2016 at 9:09 am
In this week’s issue: Singapore Interest Rate Outlook for 2016 and Beyond Singapore Property News This Week Resale Property Transactions (January 6 – January 12) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 244

Filial son working towards financial security (Part 2).
Discovered on 24 Jan 2016 at 8:23 pm
Our conversation continues: Hi AK,Firstly would like to say Happy New Year. Even thought its already mid of Jan. i writing this to you to update and share with you. I have transfermy prudshield to NTUC enhance income shield advantage with assist... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Global Stock Market Indices PE Ratio At a Glance (24 January 2016)
Discovered on 24 Jan 2016 at 8:30 am
Market Indices PE Ratio for Major Stock Exchange globally US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi  PE  = Price Per Earning … Continue reading →

ChartAdvisor for January, 22 2016
Discovered on 24 Jan 2016 at 8:01 am
By Justin Kuepper | January 22, 2016   The U.S. markets moved lower over the past week, as of Thursday’s close, driven by falling crude oil prices and worries over China’s growth. While cratering oil prices have led to an increase in energy defaults, … Continue reading →

Ascendas REIT: Entry Planning
Discovered on 23 Jan 2016 at 10:24 am
Base on the latest Earning Result of Ascendas REIT on Jan 22, 2016. Last Done Price = $2.17 Market Cap = $5.575 B NAV = $2.06 Price /  NAV = 1.05 (5% Premium) Price / NAV (High) = 1.55 Price / … Continue reading →

Keppel DC REIT: Entry Planning
Discovered on 22 Jan 2016 at 8:51 pm
Base on the latest Earning Result of Keppel DC REIT on Jan 14, 2016. Last Done Price = $0.97 Market Cap = $856.5 M NAV = $0.9209 Price /  NAV = 1.05 (5% Premium) Price / NAV (High) = 1.28 … Continue reading →

AK answers 3 questions on early retirement.
Discovered on 22 Jan 2016 at 8:41 pm
Dear AK I have been faithfully following your posts for the past year and have benefitted much in terms of my own early retirement planning. What I applaud you on is not only having wisdom in value and passive income investing but also the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Orange Juice: Hammer!
Discovered on 21 Jan 2016 at 10:36 pm
Orange Juice formed a Hammer at a critical resistance turned support zone between 120/122. Watch for reversal confirmation to long! Original post from http://mystocksinvesting.com

胡立陽 : 道瓊跌不休..「轉空3訊號」已現?
Discovered on 20 Jan 2016 at 6:21 am
New money habits led to saving $100K in 18 months - Part Two.
Discovered on 19 Jan 2016 at 8:24 pm
This is a continuation of an earlier conversation which generated quite a lot of discussion on my FB wall: Hi AK, Thank you for your reply! Saw your recent post where you share my email and wow - it drew quite a few strong comments from your... [[ 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 December 30 – January 5
Discovered on 18 Jan 2016 at 7:54 am
Singapore Property News This Week #243
Discovered on 18 Jan 2016 at 7:51 am
Residential Resale condo prices fall by 0.8% month-on-month in Dec 2015 Based on flash estimates by SRX Property, resale prices of non-landed residential units have fallen by 0.8% month-on-month in December 2015. Year-on-year, the price index fell by 2.1%. Resale prices of condos fell the greatest in the Outside Central Region as a 4.1% drop […]

CIMB Lunar New Year Fixed Deposit Promotion
Discovered on 17 Jan 2016 at 10:30 am
CIMB Lunar New Year Fixed Deposit Promotion CIMB Lunar New Year Fixed Deposit Promotion details are listed below. This is a sharing of CIMB Lunar New Year Fixed Deposit Promotion for your reading. Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in

ChartAdvisor for January, 15 2016
Discovered on 17 Jan 2016 at 8:12 am
By Justin Kuepper   The U.S. markets were mixed over the past week, as of Thursday’s close, driven primarily by volatile energy prices and concerns of a slowdown in China. After raising interest rates in December, the latest bout of economic … Continue reading →

全球航運陷冰河期 ?
Discovered on 16 Jan 2016 at 1:14 am
曾淵滄-股市资讯专栏 15.01.2016 -->市场恐慌宜保守行事,不宜趁低吸纳
Discovered on 15 Jan 2016 at 6:17 am
AIMS AMP Capital Industrial REIT: A private tour..
Discovered on 15 Jan 2016 at 1:41 am
I was given an opportunity to take a tour of 4 of AA REIT's properties in the western part of Singapore and since the REIT is the largest investment in my portfolio, I accepted the offer right away after confirming that the tour is a private one.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

THE 5 STOCK RATIOS YOU NEED TO MINIMISE YOUR INVESTMENT LOSSES
Discovered on 11 Jan 2016 at 4:44 pm
A note on the CPF and a break from blogging.
Discovered on 10 Jan 2016 at 7:35 pm
Regular readers know that I only want to be a happy peasant. I was never royalty or an aristocrat. I am of the masses.  DPM Tharman said before that the CPF is meant to help the working masses. That is why there is a limit to doing OA to SA... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

Tea with FunShine: Less is more - Prudent Living.
Discovered on 8 Jan 2016 at 6:08 pm
This is a guest blog contributed by a reader who goes by the name of FunShine. A bit about the writer - FunShine The writer hopes that his personal account will be a good read for people hoping to take small steps towards different degree of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Building a cornerstone in retirement funding with CPF.
Discovered on 7 Jan 2016 at 10:25 pm
I try to be holistic in my approach to wealth building. So, ASSI is not about investing in the stock market per se, it is about personal finance in general. One topic that comes up pretty often is "retirement". All of us want a comfortable... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OCBC 1.7% Fixed Deposit Promotion
Discovered on 6 Jan 2016 at 10:30 am
OCBC 1.7% Fixed Deposit Promotion Singapore Savings Account Rates blogspot dot com is the online presence where we share OCBC 1.7% Fixed Deposit Promotion 2016 in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016. 2016 Singapore OCBC 1.7% Fixed Deposit

STE: "I lost money enough to buy a 5 room flat in 2015!"
Discovered on 5 Jan 2016 at 8:48 pm
I always enjoy reading STE's very thoughtful guest blogs. Regular readers would know who I am talking about. If you are new to my blog, you might want to read STE's other guest blogs as primers. You will find his name in the left side bar of my... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Malaysia 2016 Investment Themes
Discovered on 5 Jan 2016 at 4:44 pm
Investment Strategy for 2016
Discovered on 4 Jan 2016 at 12:03 am
2016 is expected to be another tough year for investors, according to most analysts out there. With most bad news out there and expected lower corporate earnings for most S'pore listed companies plus lower GDP growth in S'pore, I do agree that it will be another rough year for investors. We have already endured a roller-coaster ride last year but be prepared to tighten your seat belts for another tough ride this year. As usual, stock picking becomes a crucial factor in this kind of market, an...

AK is showing off his CPF-OA and MA numbers.
Discovered on 3 Jan 2016 at 7:33 pm
A reader said he shared my update on my CPF-SA with his elder brother and his brother was not only incredulous but called me a show off.  I consoled the reader by saying there are many different people in this world and they will not all react in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

An update on AK's CPF-SA which outperformed in 2015.
Discovered on 3 Jan 2016 at 2:33 am
Exactly one year ago, I shared my CPF-SA numbers, as a friend put it, to shock and awe the most cynical of readers into action.  I think it worked as that blog post has received almost 400 FB Likes so far and also generated quite a bit of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

2016 changes to the CPF and SRS for a better retirement.
Discovered on 1 Jan 2016 at 8:14 pm
I was reading the papers on changes to the CPF and SRS which took effect on 1 Jan 2016 and thought to myself that working Singaporeans are a lucky bunch. If you are a middle income worker, rejoice because mandatory CPF contributions by both... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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

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

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

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

Filial son working hard towards financial security in 2016.
Discovered on 31 Dec 2015 at 10:18 am
Young people often feel invincible. I am not saying that it is a bad thing but it is important to realise that we are not really invincible and that life will throw problems our way. So, what to do? Have measures in place so that the feeling of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Savings Deposit Rates Promotion
Discovered on 30 Dec 2015 at 11:30 am
Savings Deposit Rates Promotion Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2015 / 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other

Revision of SGD Fixed Deposit Rates
Discovered on 29 Dec 2015 at 11:33 pm
Revision of SGD Fixed Deposit Rates DBS BANK SINGAPORE : REVISION OF SGD FIXED DEPOSIT INTEREST RATES With effect from 23 December 2015, the interest rates for DBS bank SGD Fixed Deposit will be revised as follows: Tenor | For amounts $1,000 to $999,999 Existing (% p.a.) New (% p.a.) 3 – 5 months= 0.1 | 0.15 6 – 8 months= 0.15 | 0.2 9 – 11 months= 0.2 | 0.25 12 months= 0.25 |

2016經濟把脈:令吉·馬股 何時才回升?(松大資本高級顧問顏敏樹)
Discovered on 28 Dec 2015 at 5:15 pm
2015 full year income from non-REITs.
Discovered on 28 Dec 2015 at 5:45 am
Before I reveal the numbers, let me talk to myself about what I did in 4Q 2015, investments wise. I re-initiated a long position in ARA as I felt that its stock price declined to a reasonably attractive level.  ARA's rights issue which followed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Review/Reflections for 2015
Discovered on 27 Dec 2015 at 11:12 pm
I think most investors would agree with me that 2015 is a bad year for equity investors. The year started well and in April, STI was well above 3400 points. Unfortunately, a series of bad news including China market correction, Greek crisis, US rate hike, slump in oil prices, devaluation in regional currencies etc had contributed to a weaker performance in subsequent months and STI is expected to close well below 3000 points as we approach the end of the year.I have stay invested in the marke...

2015 full year income from S-REITs.
Discovered on 25 Dec 2015 at 9:19 pm
I did not do anything substantial to my investments in S-REITs in 4Q 2015. I just collected dividends, mostly. However, it seems that I would be receiving less income from S-REITs in the not too distant future as Saizen REIT looks likely to be... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Christmas, ASSI turns 6, financial freedom and charity.
Discovered on 23 Dec 2015 at 7:05 pm
Has it really been 6 years since I started blogging? Pinched myself and, yes, I am not dreaming. Quite recently, I shared some thoughts and feelings on the matter. So, I am not going to repeat myself which is something I have become prone to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Savings Account Rates Christmas Greetings
Discovered on 22 Dec 2015 at 10:30 am
Singapore Savings Account Rates Christmas Greetings Merry Christmas to everyone from Singapore Savings Account Rates blogspot dot com. Our team wishes to share the best, the latest and the most up-to-date Christmas Greetings in today's post. Thank you for the wonderful support in 2015. Your presence throughout the past year filled us with yuletide joy and happiness. We wish you this

New money habits led to saving $100K in 18 months.
Discovered on 21 Dec 2015 at 8:05 pm
In quite a few emails I have received, I found that some married couples have been inspired by my blog to improve their financial health. I find this very heartening because it is not always the case that both parties are on the same page when it... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Company Warrants Expiring in 2016 - Actions Needed
Discovered on 21 Dec 2015 at 1:38 am
I need to remind myself all the outstanding company warrants that are expiring in 2016 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - No action taken yet.NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - No action taken y...

DBS eSAVINGS PLUS / REMIX eSAVINGS PLUS Account
Discovered on 20 Dec 2015 at 10:30 am
DBS eSAVINGS PLUS / REMIX eSAVINGS PLUS 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. DBS eSAVINGS PLUS /

7 pertinent questions to help build our wealth.
Discovered on 18 Dec 2015 at 8:50 pm
We might want to ask ourselves a few questions this weekend: 1. Do we pay ourselves first each month? 2. Do we dine at restaurants frequently? 3. Do we delay gratification? 4. Do we have the right insurance? 5. Do we maximise benefits from the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

2016投資大翻轉 專訪亞洲投資教父-胡立陽
Discovered on 17 Dec 2015 at 7:28 pm
STAR WARS: THE FORCE AWAKENS. (SPOILER ALERT!)
Discovered on 17 Dec 2015 at 9:00 am
It has been a while since I blogged about a movie although I have watched quite a few since the last time I blogged about one. Star Wars: The Force Awakens.  In one word, epic! C3PO and R2D2, move over! BB8 is the new star of the show! I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

美升息利空出盡? 胡立陽:溫水煮青蛙
Discovered on 17 Dec 2015 at 5:15 am
7 things a reader did after visiting ASSI.
Discovered on 15 Dec 2015 at 8:10 pm
It is always very heart warming to receive thoughtfully written emails from readers and I would like to share another one here. Hi AK,  My name is C and I am Pig too (younger batch though).  :P   I was introduced to your blog 2 months ago... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

油比水便宜 原物料血流成河?57金錢爆-2015-12-09
Discovered on 13 Dec 2015 at 4:33 pm
Compare SRS Savings Account Rates 2015
Discovered on 13 Dec 2015 at 10:30 am
Compare SRS Savings Account Rates 2015 Welcome to Singapore Savings Account Rates blogspot dot com where our team will compare SRS savings account rates 2015. The three local banks SRS savings account rates 2015 will be used for comparison. These three banks are DBS bank, OCBC bank and UOB bank. SRS refers to Supplementary Retirement Scheme. This is a special retirement savings account to help

Questions on Hong Fok and Cordlife.
Discovered on 11 Dec 2015 at 9:05 pm
A recent email exchange: Good Evening AK!  I have been following your blog for quite a while now! I would first like to thank you for setting up a blog like that! It has helped me gained much knowledge in the world of investing! We actually... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

BOC 1.65% Multi Currency SGD Savings Account
Discovered on 9 Dec 2015 at 10:30 am
BOC 1.65% Multi Currency SGD Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share BOC 1.65% Multi Currency SGD Savings Account up-to-date 2015 Singapore savings account rates in today's post. BOC 1.65% Multi Currency SGD Savings Account Rates: Deposit Amount (SGD) | Total Interest Rate (p.a.) $20,000 to $49,999 = 1.45% $50,000 to $99,999 =

DBS SRS Account Rates
Discovered on 6 Dec 2015 at 10:30 am
DBS SRS Account Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share DBS SRS account rates 2015 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 of DBS SRS account rates quoted on Singapore savings accounts for 2015 are shared with you

Maybank 1.50% iSavvy Savings Account Promo
Discovered on 30 Nov 2015 at 10:30 am
Maybank 1.50% iSavvy Savings Account Promo Welcome to Singapore Savings Account Rates blogspot dot com where our team will share Maybank 1.50% iSavvy Savings Account Promo 2015 in 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

Rickmers Marine
Discovered on 30 Nov 2015 at 7:24 am
Rickmers MarineA REIT-like structure, holding and leasing 16 panamax container vessels (3400-5000 TEUs). Their fleet is new: all but one vessel was built in 2007 or later, and they have a 25-30 year lifespan.Rickmers stock price has plunged after it suspended dividends, due to lower revenue from declining rates.  How much of this is already built into the share price?First off, Rickmers has a loan covenant waiver that they need to extend, due end of this year.  If they can't, all bets are off...

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

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

OCBC SRS Account Rates
Discovered on 22 Nov 2015 at 10:30 am
OCBC SRS 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 savings

CIMB FastSaver 1% p.a. Promotion 2015
Discovered on 20 Nov 2015 at 10:30 am
--title-- 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. CIMB FastSaver 1% p.a. Promotion 2015: Maintain a minimum

專訪亞洲投資教父-胡立陽 -佈局新投資方向
Discovered on 20 Nov 2015 at 8:01 am
HSBC Premier 1.5% p.a. SGD Account
Discovered on 15 Nov 2015 at 10:30 am
HSBC Premier 1.5% p.a. SGD Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share HSBC Premier 1.5% p.a. SGD Account 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 savings

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

CIMB FastSaver Account
Discovered on 8 Nov 2015 at 10:30 am
CIMB FastSaver 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 Singapore savings

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

UOB SRS Account Rates
Discovered on 2 Nov 2015 at 10:30 am
UOB SRS 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 savings

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

Oxley 4-Year 5% P.A. Retail Bond
Discovered on 31 Oct 2015 at 8:56 pm
Oxley 4-Year 5% P.A. Retail Bond Welcome to Singapore Savings Account Rates blogspot dot com. Interest rates quoted on Singapore savings accounts rates for 2015 are shared with you for personal use only. Always double confirm bond interest rates with the respective companies / banks before you invest your money. Oxley 4-Year 5% P.A. Retail Bond: Oxley 4-Year 5% P.A. Retail Bond IPO Issue

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

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

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

PERENNIAL 4.250% RETAIL BOND 2015
Discovered on 25 Oct 2015 at 9:06 pm
PERENNIAL 4.250% RETAIL BOND 2015 Welcome to Singapore Savings Account Rates blogspot post. We bring you some details of a retail bond investment launched for sale in Singapore recently. This is the PERENNIAL 4.250% RETAIL BOND 2015. Some notes are given for this high yield retail bond available for purchase by retail investors in Singapore on the Singapore stock market. Details of

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

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

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

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

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

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

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

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

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

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

曾淵滄專欄: 今次調整屬小兒科
Discovered on 24 Aug 2015 at 4:58 pm
亞洲股匯血流成河‧馬幣止瀉無期
Discovered on 24 Aug 2015 at 4:45 pm
散戶驚慌拋售‧綜指暴跌42.53點
Discovered on 24 Aug 2015 at 4:41 pm
曾淵滄-股市资讯专栏 14.08.2015 新加坡经济奋勇前进半个世纪,未来50年又会如何?
Discovered on 15 Aug 2015 at 7:30 am
人民币再贬 全球股汇狂泻
Discovered on 13 Aug 2015 at 1:46 am
Scrips Dividend Scheme
Discovered on 12 Aug 2015 at 9:23 pm
Many high yield shares and trust (esp. REITs) offer scrip dividend scheme to the shareholders, i.e. shareholders can opt to receive shares instead of cash for their dividend. The advantage of the scheme is that shareholders can buy additional unit without paying commissions. The disadvantage is that he will have odd lot which is not easy to liquidate. To encourage shareholders to opt for scrip, companies will normally offer a small price discount to the shareholders.I have been subscribing to...

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

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

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

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

曾淵滄-股市资讯专栏 16.07.2015 -中国股市如同过山车,前景乐观保持冷静
Discovered on 16 Jul 2015 at 6:40 pm
US Natural Gas (part 2) - valuing Advantage Oil and Gas (AAV)
Discovered on 11 Jul 2015 at 8:54 am
Continuing my previous Nat Gas post.   Steps showing how I value Advantage Oil and Gas, a low-cost Canadian natural gas producer.  Since Natural gas prices are highly cyclical, I am trying to normalise them based on the futures market (see Market Based Forecasts here in a paper by Aswath Damodaran).  The futures market is best predictor of market prices as they know more than anyone else.Heres the details:What are AAV's realised prices compared to the benchmark?  The company gives their reali...

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

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

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

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

SG REITS: How to position for a US rate hike?
Discovered on 29 Jun 2015 at 8:01 am
My Mistake? or SingPost's Mistake? or AimsampIReit's Mistake?
Discovered on 24 Jun 2015 at 5:00 am
Today I received dividend from AimSampIReit rather surprisingly. I remember clearly I submitted the form and opted to receive scrip, as I normally do. However, I think the form did not reach CDP so I received cash instead.I don't know if it's due to my mistake (forgot to sign form, etc), or was it a mistake by CDP (or AimSampIReit), or was the form lost in transit. Well, not a big issue, I receive my hard cash, at least. Lol.

曾淵滄-股市资讯专栏 12.06.2015 -中国股市缔造奇迹还是酝酿泡沫?
Discovered on 18 Jun 2015 at 11:35 pm
Understanding the Blackrock Group Multi-Asset Income Fund
Discovered on 13 Jun 2015 at 8:34 am
Andy Warwick explains the tactical allocation of the Blackrock Group Multi-Asset Income Fund.

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

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

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

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

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

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

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

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

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

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

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 ...

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...

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.

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

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

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...

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...

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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 […]

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

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

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

My stocks portfolio - Oct 2014
Discovered on 2 Nov 2014 at 8:15 am
My Investment Portfolio (October 2014)
Discovered on 31 Oct 2014 at 2:58 am
STI ended this month down to close at almost the same level as last month. The market had been very volatile as it had to digest news from the economic front, Ebola outbreak updates, US Fed meeting decision etc. The fall in oil price also affected oil-related stocks. It seems that markets had been reacting to newsflow everyday rather than focusing on company fundamentals. Markets were down for most of the month until the last week when news of Bank of Japan stimulus package managed to drag ST...

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...

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...

My stocks portfolio - Sep 2014
Discovered on 1 Oct 2014 at 12:47 am
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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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