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:

September 2015
Discovered on 3 Sep 2015 at 9:32 am
. STI = 2906.43 (+28.30) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown Hong Leong Fin FY14 (Dec) 14.17 10 $2.340 4.274% 16.51 Interim 4ct ; Final 6ct SGX FY15 (Jun) 32.6 28 $7.270 3.851% 22.30 Q1, … Continue reading →

August 2015
Discovered on 31 Aug 2015 at 8:24 am
  Results Announcement 5 Aug 15 : Starhub (Q215) – EPS 5.7ct ; Div 5ct 6 Aug 15 : HLFin (Q215) – EPS 12.58ct ; Div 4ct 12 Aug 15 : SBSTransit (Q215) – EPS 1.97ct ; Div 1.65ct 13 … Continue reading →

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...

STEng : Q2 Results
Discovered on 13 Aug 2015 at 8:38 pm
Q2 Results  

ComfortDelgro : Q2 Results
Discovered on 13 Aug 2015 at 4:15 am
Press Release Presentations Financials  

Singtel : Q1 Results
Discovered on 12 Aug 2015 at 7:34 pm
Press Release Presentations Financials  

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...

SBSTransit : Q2 Results
Discovered on 12 Aug 2015 at 4:25 am
Q2 Results

HLFin : Q2 Results
Discovered on 6 Aug 2015 at 11:00 am
Q2 Results

Starhub : Q2 Results
Discovered on 5 Aug 2015 at 4:17 am
Press Release Presentation Financials  

July 2015
Discovered on 31 Jul 2015 at 9:44 am
  Results Announcement 9 Jul 15 : SPH (Q315) – EPS 6ct ; 9M 15ct 20 Jul 15 : M1 (Q215) – EPS 4.7ct ; Div 7ct 23 Jul 15 : SATS (Q116) – EPS 4.5ct 27 Jul 15 : … Continue reading →

SMRT : Q1 Results
Discovered on 30 Jul 2015 at 5:57 am
Press Release Financials  

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...

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

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

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

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

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

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

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

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

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


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Top Volume Scanning - Flushing
Discovered on 3 Sep 2015 at 8:26 pm
Market experienced some flushing this morning based on the Top Volume where I am watching now. Market may rebound later. Rebound by how much I am not sure because I am watching bars only for timing. Will post more when I see something.Ronald K - Market Psychologist - A Stock Market Opportunist

3 Reasons Why the Ringgit Fell Below 3 against the Singapore Dollar
Discovered on 3 Sep 2015 at 8:00 pm
The Malaysian Ringgit declined sharply in the past month as the 1MDB scandal intensified and Malaysia’s prime minister responded by reshuffling his cabinet. Investor confidence in Malaysia has been eroded; the Ringgit is the worst performing Asian currency over the past 12 months. Weak oil prices also increased fears of higher fiscal deficit for 2015 […]

Comfort Zone
Discovered on 3 Sep 2015 at 7:07 pm
2015 is a defining year for me in terms of my career development. I transferred to a new department and left the old one, which I had spent a good five years since joining the company. It was a big leap out of my comfort zone and my circle of competency.  I could have stayed […]

How Many Clothes Should You Own
Discovered on 3 Sep 2015 at 6:45 pm
If you have access to this web page, having the ability to read, and looking for information about investing, I believe you have more clothes than you need. This is a first world problem and I admit I am guilty of having too many clothes that are overflowing from the wardrobe. Math can determine the number […]

Property or Stocks???
Discovered on 3 Sep 2015 at 6:45 pm
When we understand where we are coming from and understand that our property is not stronger than the Economy. Don’t ever be mistaken about it! How Ant thinks? Ant follows plan and got formula somemore! Wealth = Asset Value + Cash Flow For property, it is true that your asset value will never go down […]

Milestone – 10,000 pageviews. Thank You
Discovered on 3 Sep 2015 at 6:31 pm
Dear Readers   I woke up this morning and had a pleasant surprise. The pageviews for this blog has crossed the 10,000 mark. I thank you very much for the support and constructive comments and feedback which you have provided.   I continue to want to keep this page ad-free as my sole purpose is […]

Understanding the Costs of Singapore Home Ownership
Discovered on 3 Sep 2015 at 6:25 pm
So you’ve come to the conclusion that it would be a good idea to own a home in Singapore, and why not? It’s a great country though it is a bit on the expensive side. It will be up to you to navigate the housing market and find the perfect place to live, but fortunately, […]

Stock Investment Insights: SATS to join STI
Discovered on 3 Sep 2015 at 11:17 am
Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Russell announced on 3 September 2015 that UOL Group, Yangzijiang Shipbuilding Holdings and SATS will replace Jardine Matheson Holdings, Jardine Strategic Holdings and Olam International as constituents of the Straits Times Index (STI) following the conclusion of the semi-annual review. The STI is widely followed by […]

Reflection on my 50k savings journey
Discovered on 3 Sep 2015 at 11:07 am
AK posted my old articles in his fb and reminded me that I need to keep stock of my 50k savings challenge. While I kept good records intra-year, I wasn’t really paying attention to how I did inter-years, so I thought this is a good time to check back on my savings record since I […]

Consider making a donation to help needy students.
Discovered on 3 Sep 2015 at 9:30 am
From time to time, I would blog about how we should try to give back to society. As I believe in the importance of education and how it would help not just an individual but also his family and future generations to have a better life, I have made yearly donations to NUS University Wide […]

Some Ideas from Henry Ford
Discovered on 3 Sep 2015 at 6:26 am
A while back I was reading Henry Ford’s autobiography, My Life and Work, as well as another one of his books, Today and Tomorrow. I find them good reads that I would recommend to you (still haven’t had time to put them under the Interesting Reads page of the blog). The ideas in this book […]

Things i learnt from this successful workshop boss
Discovered on 3 Sep 2015 at 5:48 am
I sent my car for servicing today. I arrived early. As usual, his men did the usual oil change and general maintenance work. As i complained that the car had trouble reversing up slopes, the mechanic told me to wait for his boss to arrive.I had a drink and then came back. The boss not […]

Do superheroes need insurance?
Discovered on 3 Sep 2015 at 5:48 am
Came across this from Aviva: Do Superheroes need insurance? So do Wolverine, Batman, Spiderman, Superman and Hulk need insurance? I think these guys need multi-million dollar insurance, seeing as how they are constantly causing lots of collateral damages. Especially the Hulk. Is there a shirt replacement insurance he can get as well? Superman might need that too? […]

A long term alternative better than the Singapore Savings Bond (SSB)
Discovered on 3 Sep 2015 at 5:37 am
Many of you have heard about the Singapore Savings bond which offers 2.63% returns if one holds it for 10 years. But did you know there is a long term bond instrument presently in the market, is as low risk as the Singapore Savings Bond but yields a higher return? Introducing the CPF Special Account […]

You still want to play equities in your 80s?
Discovered on 3 Sep 2015 at 5:29 am
Today woke up late at 9am. Teeth haven’t brush, face never wash, first thing I did was to see if I can pick a “fight” with my nemesis. Or in K-pop or J-pop’s England, my “rival”. (What? If aunties can watch K-drama I cannot meh? ) One thing led to another; I also don’t know […]

NOL - Breakout With Power
Discovered on 3 Sep 2015 at 4:52 am
NOL broke out today with good volume. It was a planned moved from the operators and there could be a deal soon for NOL. Studying and analyzing the minute chart, it looks like in the short term, there would be some small reactions. This stock is definitely in my watchlist now for higher prices to come.Ronald K - Market Psychologist - A Stock Market Opportunist

Should Couples Buy A 5 Room HDB Flat For Their First BTO Application?
Discovered on 3 Sep 2015 at 4:30 am
Its election season again. I’ve been seeing a lot of people coming on Facebook to voice out their opinions and somehow, housing prices is still a hot topic. Is housing really that unaffordable and will it be worse in the future? Actually, if you ask me, I would think we actually have a lot of […]

Shorting Spree
Discovered on 3 Sep 2015 at 3:34 am
I remembered the first time I shorted a stock. That was two months into my full time trading journey and funnily it was done out of frustration of not knowing how to short when I’m seeing red everywhere. I searched online for a while but it seems nobody was telling me how to go about […]

Buffet only has 3 types of quotes
Discovered on 2 Sep 2015 at 11:30 pm
We have often seen Mr Buffet’s quotes being thrown left right center in all occasions, and it seems like his quotes are telling us a lot of things. But all his quotes actually fit into 3 main categories. Don’t anyhow invest – Stop doing stupid shit. Chill – Stop predicting, thinking too much about share […]

Top Volume Scans - Penny Counters
Discovered on 2 Sep 2015 at 11:16 pm
Just conducted a LIVE Trading today earlier in the morning @ 9:00am. Not much movements in the market especially those blue chips but some penny counters were moving. Made a quick scalp in Mercator Lines and Ausgroup during the LIVE Trading earlier and made some good $. Watching and waiting for second half of the day. :)Ronald K - Market Psychologist - A Stock Market Opportunist

Do you need financial assistance or do you want it?
Discovered on 2 Sep 2015 at 10:28 pm
Every so often, we will hear of people who say that we don’t make enough money. Then, we might also hear of people who say we should have free education, free healthcare and the best is not have to pay for anything in Singapore. Now, don’t get me wrong, who wouldn’t want to have free […]

Operating Defensiveness versus Capital Defensiveness in Stocks
Discovered on 2 Sep 2015 at 8:18 pm
Defensive stocks are known to be non-cyclical in nature, whose performance is relatively resilient to the economic cycle. Such stocks are often seen as attractive investments during a recession and people are generally quick in pointing out whether a stock is defensiveness or not. My view is that there are 2 aspects of defensiveness for […]

Simply Sales Talk: My failed interviews
Discovered on 2 Sep 2015 at 8:00 pm
The turnover in the sales industry is like 2 to 3 years so it’s normal to go to many interviews and get to know the different jobs available in the market. To climb up to be a manager from an assistant manager, I had to go to more than 10 interviews to see which jobs […]

Singapore REIT Fundamental Analysis Comparison Table – 2 September 2015
Discovered on 2 Sep 2015 at 9:12 am
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 752.6 to 683.6 (-9.17%) compare to last post on Singapore REIT Fundamental Comparison Table on Aug 2, 2015. The index has broken down from the 200D SMA support and it is … Continue reading →

Indices - Ducking Through Volatility
Discovered on 2 Sep 2015 at 3:03 am
I am particularly pleased with this student who trade indices. With just 1 - 2 contracts, not only did he got the direction of the market right, but more importantly, he turned a small amount of $$ to a good amount of $$ with hundreds of pips in profits. Coming next Tuesday, because its the trade like a pro sharing session, I will be covering some aspect of indices trading. There are some days that the Singapore market is slow and sluggish and therefore we need to look for opportunities elsew...

What is next for a 30 year old saving $36K a year?
Discovered on 1 Sep 2015 at 11:28 pm
On our road to financial security and financial freedom, if we are good savers, half the battle is won. If we make above average income and are able to save way more money than the average person, we could have won more than half the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DBS - Scalping For Small Profit
Discovered on 1 Sep 2015 at 9:37 pm
He scalped for fast quick profits. Not a lot of $$, but for a beginner after learning the course for 2 days, this is not bad of a result. I believed this student of mine loves DBS and he is a vivid followed of DBS since he can catch every turn and made $$ out of it. Will continue to watch and punt DBS.Update, 2/9/2015, 3:42pmMore profits for the new student. :)Ronald K - Market Psychologist - A Stock Market Opportunist

Trade Like A Pro - 8th Sep 2015
Discovered on 1 Sep 2015 at 8:02 pm
Coming Next Tuesday, I will start launching a series of trading like a pro seminar. In this 1.5 hours of sharing session, I will share the truth and the ultimate dark secrets of the stock market that everybody should know so that one shall acquire the necessary skills and knowledge and not blindly follow the BBs where later on get slaughtered from this big fish eat small fish market.I will show how one can buy at the bottom and short at the top. In this 1.5 hours, you will learn:How to scan p...

Singapore Savings Bond: First Issue
Discovered on 1 Sep 2015 at 4:39 am
Singapore Savings Bond: First Issue 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. Singapore Savings Bond: First Issue

Ezra - Tanked with Sellers
Discovered on 1 Sep 2015 at 4:26 am
Many oil related counters started to fall in the last hour of trading hours just now. However, the prediction of bad day for oil related counters was made in the SMMG Club earlier in the morning @ 8:43am before the market opened. That's how my student unloaded his Ezra earlier in the morning. Ezra's closing was 0.128 which indicated selling.http://stockmarketmindgames.blogspot.sg/2015/09/ezra-unloading-at-chasing.htmlRonald K - Market Psychologist - A Stock Market Opportunist

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...

30 years old with $150K in liquid assets.
Discovered on 31 Aug 2015 at 11:52 pm
The Chinese have a saying that "one type of rice feeds hundred types of people". All of us are different and in many ways too. So, I am somewhat wary of giving anyone specific advice as to what they should do in their plans for the future,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DBS - Newbie Riding Profits
Discovered on 31 Aug 2015 at 10:30 pm
The newbie who made some small little good $$ is riding profits in DBS today. He went long instead and not bad for a start after the 2 day stock operation course!http://stockmarketmindgames.blogspot.sg/2015/08/ezra-ezion-dbs-booked.htmlRonald K - Market Psychologist - A Stock Market Opportunist

Ezra - Unloading at Chasing
Discovered on 31 Aug 2015 at 8:33 pm
A student of mine just unloaded Ezra. Using the skills I taught, he managed to long Ezra yesterday and sold today within 1 Contra day for a good $1000+ profits. Long at the hidden buying and unloaded at the chasing when oil price jumped last evening. We will be watching more oil related counters for opportunities.Tonight will be the night I will be sharing more counters in the workshop. See you guys later. :)Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Gap Up
Discovered on 31 Aug 2015 at 8:04 pm
Ezion gap up in the Top Volume!Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Gap Up In Top Volume
Discovered on 31 Aug 2015 at 7:58 pm
When the market opens at 9:00am, Ezion will gap up in the Top 30 Volume, however I will be looking to book profits on this up rising price.Ronald K - Market Psychologist - A Stock Market Opportunist

Non-Landed Residential Resale Property Transactions for the Week of August 12 – August 18
Discovered on 31 Aug 2015 at 10:54 am
Singapore Property News This Week #223
Discovered on 31 Aug 2015 at 10:52 am
Residential Non-landed private home prices stabilised after three months of declines According to flash estimates by the National University of Singapore, prices of completed non-landed private homes have stabilised after three consecutive months of decline. The overall Singapore Residential Price Index (SRPI) fell 0.3% month-on-month in April, 0.6% month-on-month in May and 0.1% month-on-month in […]

What is Impact of the Renminbi’s Devaluation on Singapore?
Discovered on 31 Aug 2015 at 10:51 am
By Paul Ho (guest contributor) China is currently Singapore’s biggest export market, accounting for 14% of our export value. Therefore a devaluation vis-à-vis the Singapore dollar will make Singapore’s goods more expensive to the Chinese. To put matters into perspective, five years ago, 1 Singapore Dollar (SGD) traded as high as 5.33 Chinese Renminbi (RMB). […]

Singapore Property Weekly Issue 223 now out
Discovered on 31 Aug 2015 at 10:42 am
In this week’s issue: What is Impact of the Renminbi’s Devaluation on Singapore? Singapore Property News This Week Resale Property Transactions (August 12 – August 18) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 223

DBS - High Volume Tricks
Discovered on 31 Aug 2015 at 6:55 am
DBS had a super weak closing today. In the last min, some operators threw down 1,877,500 shares where the stock gap down @ 5.05pm. Earlier in the morning, there was a high volume short covering where shorts were covered for profits. As posted on my blog earlier in the morning where the short covering was over, the last min sell down indeed validated my early morning observation.http://stockmarketmindgames.blogspot.sg/2015/08/dbs-short-covering-over.htmlI will be sharing more during tomorrow's...

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...

Ezra, Ezion, DBS - Booked $
Discovered on 31 Aug 2015 at 3:37 am
This is a trade record of a student of just finished the Stock Operation Course last weekend. He traded small, uses Cityindex CFD for the first time, but more importantly it was his first trade after my course. He was anxious and it was a newbie trade for him. Made $285 bucks but not bad for a start. Continue to work hard. :)Ronald K - Market Psychologist - A Stock Market Opportunist

Real life lessons in matters regarding insurance.
Discovered on 30 Aug 2015 at 11:38 pm
This might sound familiar to some of us but I am more interested in sharing this with readers who have yet to buy insurance products or who are thinking of buying insurance products soon. Be careful. Hi AK, Thank you so much for reading my email.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DBS - Sellers Emerging
Discovered on 30 Aug 2015 at 8:55 pm
DBS's gap up + Fake breakout earlier contributed to more sellers as of now. The maneuvers used by the BBs were cunning yet tricky.http://stockmarketmindgames.blogspot.sg/2015/08/dbs-short-covering-over.htmlRonald K - Market Psychologist - A Stock Market Opportunist

DBS - Down 10 cents
Discovered on 30 Aug 2015 at 8:08 pm
DBS down 10 cents after the early morning outlook post I made on my blog.http://stockmarketmindgames.blogspot.sg/2015/08/dbs-short-covering-over.htmlThe sellers were piling up and the support wasn't there at the moment. Continue watching.Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Short Covering Over
Discovered on 30 Aug 2015 at 7:27 pm
The short covering in DBS could be over. The stock is currently still very weak and has more room to collapse. Watch it closely for sellers to emerge today. The X signs in the minute chart shows signs of profit taking + distribution + selling. It looks like more sellers in short to mid term.For those who are coming for the sharing workshop tomorrow, please bring along a pen and paper to copy down the stocks and turning points which I will be sharing. For those who are interested, do register:...

SembCorp Industry: Shooting Star at 20D SMA Resistance
Discovered on 30 Aug 2015 at 8:28 am
SembCorp Industry was rejected at 20D SMA Resistance with Shooting Star candlestick pattern. 20D SMA is a reliable resistance on this down trend. Wait for confirmation to short.  

Chart Advisor for August 28, 2015
Discovered on 30 Aug 2015 at 8:19 am
Tickers in this article: SPY, DIA, QQQ, IWM The U.S. markets were mixed over the past week, with the Nasdaq posting a 1.69% gain and the Russell 2000 Index, a benchmark of small-cap stocks, losing 1.12% as of Thursday’s close. After suffering from a six-day … Continue reading →

Starhub: Shooting Stat at 20D SMA Resistance
Discovered on 30 Aug 2015 at 8:10 am
Starhub was rejected at 20D SMA Resistance with Shooting Star, a potential reversal candlestick pattern. The trend remains bearish. Wait for confirmation to short.

Wilmar: Shooting Star
Discovered on 30 Aug 2015 at 2:45 am
Shooting Star on Wilmar at $2.90 support turned resistance. Wilmar is on down trend. Does it mean this Dead Cat Bounce has finished? Standby to short!  

UOB: Shooting Star at $20 Resistance
Discovered on 30 Aug 2015 at 2:37 am
UOB is showing a Shooting Star, a potential reversal candlestick pattern, at $20 resistance. This $20 is a very reliable support turned resistance since 2009. Respect this $20 resistance!

Thai Beverage: Hanging Man!
Discovered on 30 Aug 2015 at 2:30 am
Thai Beverage (THBEV) showed a Hanging Man, potential reversal pattern, at 50% Fibonacci Retracement Level after breaking down from a Symmetrical Triangle chart pattern. Minimum price target is $0.655. Standby to short!

Saizen REIT: TKs.
Discovered on 29 Aug 2015 at 10:18 pm
When I was a soldier in the Singapore Armed Forces, I learned a Hokkien phrase with the abbreviation "TK". It was one of those inane things that I picked up during those two and a half years that somehow got stuck in my mind. If you don't know what... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Yoma Strategic: Doji at 20D SMA Resistance
Discovered on 29 Aug 2015 at 8:36 am
Yoma Strategic showed a Doji at 20D SMA Resistance. Wait for next candlestick pattern to short. Fundamentally Yoma Strategic may have cash flow problems in future as the company has built up inventory which may not be able to clear … Continue reading →

A money tree, a candy store and some eggs in a basket.
Discovered on 29 Aug 2015 at 12:32 am
A friend just congratulated me on my purchases made earlier this week in the stock market. He said: "You were like a kid in a candy store." I said: "Nope, I was an adult in a candy store." He asked: "Got difference... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

MediShield Life, free medical insurance and hospitalisation?
Discovered on 28 Aug 2015 at 12:57 am
Yes, it is possible. Now, if you are a regular reader of my blog, you would know that I blog about the importance of having H&S insurance coverage. We can budget for the annual premium of a H&S policy more easily than budgeting for the cost... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Straits Times Index - Gap Up, Chasing and Down
Discovered on 27 Aug 2015 at 10:34 pm
Most oil related counters and commodities suffered selling after that fierce scary gap up. It's always wise not to chase the market as one may never know what the BBs maybe planning next. Be alert with your long positions for today.Ronald K - Market Psychologist - A Stock Market Opportunist

Straits Times Index - Oil Related Stocks
Discovered on 27 Aug 2015 at 8:11 pm
Mostly the oil related counters and commodities chalked up STI today. Ezion, Ezra, Noble were all fiercely being pushed up and traded heavily with high volume. It's scary to see a huge gap up today. The jump was fierce.Ronald K - Market Psychologist - A Stock Market Opportunist

Capitaland, Ezion - Loss to Profits
Discovered on 27 Aug 2015 at 6:15 am
We took a small loss today shorting Capitaland to only realized that later in the noon, the whole market turned. So while the market start to turn, we went long back and made back that small loss in Capitaland and moreover, we went on to long Ezion for the final run up. Took a small -150 loss and made $1680 for the day. Not bad for a few hours job. While the market continues it's volatility, we continue to trade intraday. That's the strategy for now.Ronald K - Market Psychologist - A Stock ...

Get the most out of ASSI as we embrace financial security.
Discovered on 26 Aug 2015 at 10:16 pm
These days, very often, when readers ask me questions, I would direct them to my blog's "Search" function found at the top of the blog. What? You didn't know there is one? Alamak, you must be reading my blog using your mobile phone all the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Straits Times Index - Gap Up
Discovered on 26 Aug 2015 at 7:26 pm
The Dow rallied +620 points last evening. Today most stocks would gap up. In my personal opinion, it's not a good day to go long. Sellers may emerge later 2nd half of the day or tomorrow.Ronald K - Market Psychologist - A Stock Market Opportunist

Mapletree Commercial Trust Fundamental and Technical Analysis
Discovered on 26 Aug 2015 at 8:15 am
Mapletree Commercial Trust (MCT) Fundamental Analysis base on Investor Meeting on July 23-2015. Last Done Price = $1.28 Market Cap = $2.6 B NAV = $1.24 Price /  NAV = 1.03 (3% Premium) Price /  NAV (High) = 1.45 Price /  NAV … Continue reading →

Capitaland - Intraday Scalp
Discovered on 26 Aug 2015 at 1:25 am
Student did an intraday scalp on Capitaland earlier. It was a fast trade because holding overnight is risky and contains some inherit unpredictable risks. Although not a lot of $$, it's better than watching and do nothing and make nothing out of it. Went long at hidden buying and sold at the buying. This time round we did not sell at hidden buying. :)I left a few more seats for next Tuesday sharing session. If you are interesting in punting / scalping, do register below:STOCK OPERATION WORKSH...

AK is a panelist at InvestX Congress 2015.
Discovered on 25 Aug 2015 at 9:35 pm
Although I have said that I would try to organise another "Evening with AK and friends" before the year ends, I might not be able to. From now till end of the year, most of my Saturdays are booked by family and friends. I will also have a few... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Straits Times Index - Selling Materialized
Discovered on 25 Aug 2015 at 8:14 pm
The selling in STI has now materialized! Watching for some good counters to load up at reactions point.http://stockmarketmindgames.blogspot.sg/2015/08/straits-times-index-selling.htmlRonald K - Market Psychologist - A Stock Market Opportunist

Straits Times Index - Selling
Discovered on 25 Aug 2015 at 7:38 pm
Expect some selling today in the market. There was a good amount of chasing yesterday in the market which was not good. Sellers will emerge today.Ronald K - Market Psychologist - A Stock Market Opportunist

Straits Times Index - The Sharing of How I Spotted at 2810-2825 Before Rebounding
Discovered on 25 Aug 2015 at 8:43 am
STI closed on a strong note today. However the 2810-2825 bottom was predicted yesterday before the Dow collapsed -1000 points last evening @ 5.21pm. The low for STI today was 2808 and the prediction was spot on.http://stockmarketmindgames.blogspot.sg/2015/08/straits-times-index-end-of-day-data.htmlhttp://stockmarketmindgames.blogspot.sg/2015/08/straits-times-index-rebounding-as.htmlhttp://stockmarketmindgames.blogspot.sg/2015/08/dow-1000-points-drop.htmlI had received many emails today on how...

Missed some stuff AK shared on Facebook in August?
Discovered on 24 Aug 2015 at 11:52 pm
With so much panic and tension in the air, I decided to bring forward the publication of a more light hearted blog post. Here are some of my intellectually undemanding postings on FB in the month of August: It is very difficult to recover... [[ 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 August 5 – August 11
Discovered on 24 Aug 2015 at 9:30 pm
Singapore Property News This Week #222
Discovered on 24 Aug 2015 at 9:28 pm
Residential Private home sales in July increased to 1,594 units Up from 375 units in June, 1,594 private home units were sold in July. This figure excludes executive condominium units. According to the Business Times, 73% of the sale was from the High Park Residences in Fernvale Road sale, where 1,169 units were sold. Sales […]

The Fear of Losing Out in Life and Property Investing
Discovered on 24 Aug 2015 at 9:26 pm
By Property Soul (guest contributor) As the whole nation was in a celebratory mood for our Jubilee National Day, I couldn’t help wondering what makes us uniquely Singaporean. TODAY conducted a street poll with 525 respondents and asked for three words that best describe the Singapore identity. As everyone would have expected, the word that […]

Singapore Property Weekly Issue 222 now out
Discovered on 24 Aug 2015 at 9:25 pm
In this week’s issue: The Fear of Losing Out in Life and Property Investing Singapore Property News This Week Resale Property Transactions (August 5 – August 11) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 222

Students Recent Trades - Indices and Stocks
Discovered on 24 Aug 2015 at 9:19 pm
This is my student's trade record. I have nothing to do with his trades but rather he used what I taught him to perform his own trades. I am pleased to see some small loss because imperfection is the beauty in future successes. Congrats!Ronald K - Market Psychologist - A Stock Market Opportunist

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
Black Monday August 24-2015: Worldwide Stock Market Crash!
Discovered on 24 Aug 2015 at 8:56 am
Aug 24-2015 will be recorded as another Black Monday of Stock Market Clash. This time the crash begins in China after China devalued the Yuan. Check previous Black Monday in Oct 1987. Capturing all the screen shots for this historical … Continue reading →

Religare Health Trust: Initiated long position at 88c.
Discovered on 24 Aug 2015 at 12:51 am
I avoided investing in Religare Health Trust although I felt quite positive about the healthcare industry in general. I avoided investing in the Trust because I was concerned about the weakness of the Indian Rupee against the Singapore Dollar. I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

VICOM: Initiated long position at $5.71.
Discovered on 23 Aug 2015 at 10:19 pm
I drive and I own a car. So, I should be interested in VICOM. Sounds straightforward enough. I have been looking at it for a year or so but found that the valuation was a bit rich. VICOM is a stock that appeals to many investors as it has a good... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OCBC 360 Account Rates
Discovered on 23 Aug 2015 at 11:30 am
OCBC 360 Account Rates Welcome to Singapore Savings Account Rates blogspot dot com to learn more about OCBC 360 Account: rates, terms and conditions. The OCBC 360 Account (the “360 Account”) is a deposit account with electronic statement. No paper statement will be issued to you. 2. Base Interest and Bonus Interest 2.1 You will earn a prevailing interest (“Base Interest”) at varying tiers

Risk averse and putting money in STI ETF, REITs or stocks?
Discovered on 23 Aug 2015 at 8:53 am
A recent conversation with a reader who would probably appreciate any constructive comments: Dear AK, Have been reading your blog for some time now and it has been a great source of financial/investment information. Thanks! I have always been... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

What to do as the Yuan devalued and stocks crashed?
Discovered on 21 Aug 2015 at 11:12 pm
I have been inundated with messages in various forms from readers on how depressed they are or how they are in distress over the state of the stock market. There is something I say from time to time and I am pretty sure I have said it in my blog... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

UOB, DBS, Citibank, HSBC, SG50 notes and the folders!
Discovered on 21 Aug 2015 at 12:42 am
I was actually quite happy to wait until the fervour dampens before going to get my share of the SG50 notes. Then, a reader posted this on my FB wall: OMG! Like this also can? Are the folders made of some precious metals? Is our country's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Could the long queues for SG50 notes have been avoided?
Discovered on 20 Aug 2015 at 2:40 am
Unless you don't read or watch the news, you would know that there are special SG50 notes available for purchase from today onwards. They are available at branches of nine major retails banks: DBS Bank and POSB Oversea-Chinese Banking... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Does AK have anything uplifting to say as stocks bleed?
Discovered on 19 Aug 2015 at 9:18 am
Feeling the pain from the market downturn? Hi AK, Its Painful for many over last week. Myself included. I m 50% in reits/trust & the rest in others. The others are all doing quite badly. Following your blog since 2009... I understand you did... [[ 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 July 27 – August 4
Discovered on 17 Aug 2015 at 10:53 am
Singapore Property News This Week #221
Discovered on 17 Aug 2015 at 10:43 am
Residential July’s private condo resale prices increased by 0.3% According to SRX Property, resale prices of private condominiums have increased by 0.3% in July 2015 from the previous month. However, market experts believe that the private property resale market continues to appear weak. Resale prices of condominium units in the city and suburban areas have […]

How to have enough for retirement and to do charity?
Discovered on 16 Aug 2015 at 11:23 pm
In many ways, this is a heartwarming email from a reader: Hey AK, I am going to retire at Age 27!!!!! Just kidding. I am 27 and if I retire now, I'm gonna hafta eat grass for half my life. :D:D Nevertheless, I emailed to say how your recent... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bank of China SGD Savings Account Interest Rate
Discovered on 16 Aug 2015 at 11:30 am
Bank of China SGD Savings Account Interest Rate Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post. Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015. Bank of China SGD Savings

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
Saving $384 on solar powered LED lights is $384 earned.
Discovered on 15 Aug 2015 at 7:05 am
Ever since moving to my new place a few months ago, I have been thinking of buying a couple of solar powered LED lights for the outdoor space which doesn't have any lighting point in the ceiling. However, they are so expensive: Two of these... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

How did IREIT Global's rights issue turn out for AK?
Discovered on 13 Aug 2015 at 7:48 pm
I wasn't interested in IREIT Global's IPO but I was interested in IREIT Global as it owns freehold commercial properties in Germany and has big name tenants. So, I have been keeping an eye on it, hoping to get in at a price that I thought would be... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

人民币再贬 全球股汇狂泻
Discovered on 13 Aug 2015 at 1:46 am
Getting up to speed and a nice surprise!
Discovered on 13 Aug 2015 at 12:14 am
I was away for a short holiday with my parents and I am now trying to get up to speed. Lots of emails, comments and messages to reply to. I think most will know how it is like. In case you are interested in what I did during my vacation, visit my... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

Why some might never be rich and why we soldier on?
Discovered on 7 Aug 2015 at 10:18 pm
I had a blog post published in December last year titled "Helping more people discover a path to financial freedom". Note that I did not say "the" path. I want to highlight again that there are many paths we could take and it is never my way or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Did you miss some stuff AK shared on Facebook in July?
Discovered on 7 Aug 2015 at 3:55 am
I don't blog as much as I used to but I am actually still quite active in Facebook. As I started being active in Facebook pretty late as a blogger, I think many of ASSI's readers don't follow me on Facebook. They probably use other means to follow... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Happy National SG50 Day From Singapore Savings Account Rates
Discovered on 6 Aug 2015 at 9:33 pm
Happy National SG50 Day From Singapore Savings Account Rates Singapore Savings Account Rates blogspot dot com wishes everyone Happy National SG50 Day ! Majulah Singapura From The Hardworking Team of Writers Singapore Savings Account Rates.

NeraTel: 2Q2015 and an interim DPS of 2.5c.
Discovered on 6 Aug 2015 at 7:00 am
In my last blog post on NeraTel, I cautioned against judging the business based on quarterly results because annualising any one quarter's results would not give an accurate picture of business performance. I made the remark based on what I remember... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

UOB ONE Account Rates
Discovered on 31 Jul 2015 at 11:30 am
UOB ONE Account Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the UOB ONE Account rates in today's post. UOB ONE Account Rates on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money. UOB ONE Account Rates are

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...

Singapore State Bank of India Checkplus Account
Discovered on 26 Jul 2015 at 11:30 am
Singapore State Bank of India Checkplus 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 State Bank of India Checkplus 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.

FRANK by OCBC Account Rates
Discovered on 19 Jul 2015 at 11:30 am
FRANK by OCBC Account Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share FRANK by OCBC account rates in today's post. FRANK by OCBC Account Rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money. FRANK by

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
POSB Work Permit Savings Account
Discovered on 12 Jul 2015 at 11:30 am
POSB Work Permit Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where we share POSB Work Permit Savings Account with our loyal readers today. POSB Work Permit Savings Account rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest

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...

Citibank InterestPlus Savings Account
Discovered on 5 Jul 2015 at 11:30 am
Citibank InterestPlus Savings Account Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore Citibank InterestPlus 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. Citibank

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...

Company Warrants Expiring in 2015 - Actions Needed
Discovered on 1 Jul 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...

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...

SGS Singapore Government Securities Bond Rates
Discovered on 30 Jun 2015 at 11:30 am
SGS Singapore Government Securities Bond Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the SGS Singapore Government Securities Bond rates in today's post. SGS Singapore Government Securities Bond Rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm SGS Singapore Government Securities

SG REITS: How to position for a US rate hike?
Discovered on 29 Jun 2015 at 8:01 am
CIMB StarSaver Account
Discovered on 28 Jun 2015 at 12:00 pm
CIMB StarSaver 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 CIMB StarSaver Account rates in today's post. CIMB StarSaver Account Features : Monthly statement for ease of reference. Enjoy excellent interest rates* (For accounts opened after 1st September 2010). Interest Rate |

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.

Apply For Singapore Savings Bonds
Discovered on 21 Jun 2015 at 11:30 am
Apply For Singapore Savings Bonds Welcome to Singapore Savings Account Rates site. In the second half of 2015, the Monetary Authority of Singapore (MAS) will announce the exact dates of retail launch of Singapore Savings Bonds for purchase by Singaporeans. To apply for Singapore savings bonds, you need to prepare the relevant documents and accounts. In essence, you need two items.

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
High Interest Singapore Bond Rates
Discovered on 18 Jun 2015 at 11:30 am
High Interest Singapore Bond Rates In this 'High Interest Singapore Bond Rates' blogspot post on Singapore Savings Account Rates site, we shall share with our loyal readers a list of high interest Singapore bond rates. These High Interest Singapore Bond Rates are obtained from Singapore Government Securities (SGS). SGS bonds are the safest bonds out there in the Singapore retail and

2.08% DBS Multiplier Account Rates
Discovered on 17 Jun 2015 at 11:30 am
2.08% DBS Multiplier 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. Earn up to 2.08%. DBS Multiplier

2015 Latest Singapore Savings Account Rates
Discovered on 14 Jun 2015 at 11:30 am
2015 Latest Singapore Savings 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 Latest Singapore Savings Account rates in today's post. 2015 Latest Singapore Savings Account rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm

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.

OCBC Frank Rates
Discovered on 7 Jun 2015 at 11:30 am
OCBC Frank Rates Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the OCBC Frank rates in today's post. OCBC Frank rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money. OCBC Frank rates are subject to change

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...

Savings Bonds
Discovered on 3 Jun 2015 at 11:30 am
Savings Bonds Welcome to Singapore Savings Account Rates blogspot dot com where our team will share Savings Bonds details with you. What are Savings Bonds? What are the main features of Savings Bonds? Savings Bonds are a special type of Singapore Government Securities (SGS) with features that make them accessible and suitable to individual investors: Savings Bonds are Principal-guaranteed:

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...

iSAVvy Savings Plus Account
Discovered on 31 May 2015 at 11:30 am
iSAVvy Savings 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 iSAVvy Savings Plus Account rates in today's post. iSAVvy Savings Plus Accountc interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account

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 ...

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

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
Applying for Singapore Savings Bonds
Discovered on 20 May 2015 at 11:30 am
Applying for Singapore Savings Bonds Applying for Singapore Savings Bonds Singapore, 11 May 2015 The Monetary Authority of Singapore (MAS) released more information on how investors can buy and redeem Singapore Savings Bonds. MAS expects the first Savings Bond to be issued in the second half of 2015. MAS will announce the programme launch date at least one month before applications for the

Jurong Country Club acquired for High-Speed Rail terminus
Discovered on 11 May 2015 at 4:53 pm
Cityspring Distribution
Discovered on 11 May 2015 at 4:33 am
I have been holding Cityspring Infrastructure Trust for many years. For the past 2 years, its distribution has stayed constant at 0.82 cents per quarter. This time round, the distribution announcement surprises me. Besides the usual distribution, shareholders are rewarded with 2 extra distributions due to coming merger with Keppel Inf Trust. The distribution breakdown: 1. 4Q FY2015 Distribution: 0.82 cents per CIT Unit2. Pre-Completion Stub Distribution: 0.4235 cents per CIT Unit3. CIT Specia...

Experts suggest possible sites for KL-Singapore High Speed Rail terminus
Discovered on 5 May 2015 at 7:40 pm
30 April 2015
Discovered on 30 Apr 2015 at 7:41 pm
This month STI ended up 40.38, or 1.17% compared to end of March. Market has been quite volatile. Interesting news to note: US economic data seemed not very good, and the Fed may push back the date to hike interest rate. China economy is slowing down, but the stock market is red hot, with many "Da Ma"(大妈)opening trading accounts and push the market up. In my opinion, this is a sign of bubble forming up and is not good. Singapore corporate earnings are mix, with the banks doing very well in th...

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

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

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...

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

杨澜访谈录: 乔治·索罗斯George Soros 金融大鳄的双面人生
Discovered on 23 Apr 2015 at 7:17 pm
Bought Rolls Royce (RYCEY)
Discovered on 20 Apr 2015 at 10:00 am
The idea for buying this is clearly explained by Bronte Capital here and here.    It depends on the success for the A350, the B787 Dreamliner (Rolls has about a 30% engine share) and the upcoming A330neo (expected end 2017).  The main competitor for the A350 is the B777X, expected in 2019.Based on their order numbers for the Dreamliner (~300 planes), A350 (~800 planes) and the a330neo (~140 planes), with Airbus’ expected A350 production rate, I’m guessing a large ramp-up in 2017-2019 (190 pla...

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

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

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

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

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

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

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

曾淵滄-股市资讯专栏 27.03.2015- 新加坡与香港楼市之间及A股与H股之间的天壤之别
Discovered on 26 Mar 2015 at 11:51 pm
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...

曾淵滄-股市资讯专栏 27.02.2015- 你如何对‘富足自由’下定义?
Discovered on 28 Feb 2015 at 6:48 pm
Dragon Oil (LSE:DGO)
Discovered on 28 Feb 2015 at 8:07 am
Dragon Oil is the largest oil producer in Turkmenistan. All their commercial production is from their Cheleken Contract Area in the Caspian Sea, consisting of the Zhdanov and Lam fields.  The contract lasts until 2025, with rights to negotiate a ten year extension.In December 2014, oil was found in Iraq; expected to take 2 or 3 years to determine if commercially viable.They are also performing exploration in Algeria and Egypt.Revenue (Production Service Agreement)Their Cheleken PSA entitles D...

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

【独家图解】炒家狙击 货币战大危害
Discovered on 12 Feb 2015 at 3:52 am
曾淵滄-股市资讯专栏 06.02.2015--美国总统选举左右升息决定,全球经济寻求平衡
Discovered on 5 Feb 2015 at 11:41 pm
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...

曾淵滄-股市资讯专栏 23.01.2015 --上证综指会升至5,000点吗?
Discovered on 22 Jan 2015 at 11:26 pm
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 ...

黄达专访:2015年展望
Discovered on 16 Jan 2015 at 5:30 pm
SBC predictions: Elections will be this year 2015 (2H), BEAR market after.
Discovered on 16 Jan 2015 at 7:14 am
In my course of work, I am rewarded directly how accurate I read the future. If I get it right, clients make money and I am rewarded with trading fees.Often, I base my decision on a combination of logic, pattern observation and intuition. Sometimes the trend are extremely obvious, eg we should be buying USD or HKD ever since there are talks from the Fed to hike rates last year; we should have been (and still) borrow in Eur, in which the interest rates is below 1% and buying into higher yieldi...

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
曾淵滄-股市资讯专栏 09.01.2015-中国市场向好,美股高处不胜寒,新加坡左右为难
Discovered on 8 Jan 2015 at 11:03 pm
S-REIT : 12-month target prices (Daiwa)
Discovered on 7 Jan 2015 at 11:12 pm
Genel Energy (LSE:GENL)
Discovered on 7 Jan 2015 at 6:16 am
Genel is a low cost oil producer in Kurdistan, one of the last places in the world with cheaply accessible oil.  They have minority stakes in 2 producing oilfields:Taq Taq (44% interest), produced 42680 bopd for Genel in the 9 months to Sept.Tawke (25% interest), produced 21000 bopd for Genel in the 9 months to Sept.The Kurdish Regional Government (KRG) has completed a pipeline (in green) through their territory, linking to Turkey's pipes through to the port of Ceyhan, allowing exports.  Gene...

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...

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

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

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

曾淵滄-股市资讯专栏 26.12.2014
Discovered on 25 Dec 2014 at 10:53 pm
1010股下跌‧今年来最低 马股失守1700蒸发430亿
Discovered on 15 Dec 2014 at 11:05 pm
My stocks portfolio - Nov 2014
Discovered on 9 Dec 2014 at 9:38 pm
% of Each Counter in my Portfolio
Discovered on 8 Dec 2014 at 12:39 am
A reader asked me about the % of the top 30 counters in my portfolio. I compile a table to show the information. This is based on the month end closing of November. S/No Counter % of Portfolio 1 SPH 5.597% 2 ComfortDelGro 5.088% 3 OCBC Bank 4.522% 4 DBS 4.407% 5 Ausnet Services 3.356% 6 Sembcorp Ind 2.981% 7 Starhub 2.701% 8 ST Engineering 2.638% 9 Frasers Comm Tr 2.615% 10 Metro 2.540% 11 SGX 2.388% 12 CapitaLand 2.166% 13 CitySpring...

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

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

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
Apple watch
Discovered on 2 Nov 2014 at 2:16 am
Apple's new watch:Looks nice, I think normal people would wear it.  Beautiful, with a lot of attention to detail.It has new ways to navigate the UI, such as using the crown to zoom.The back of the watch provides 'haptic feedback', buzzing or nudging your wrist silently.The watch does not fit under a shirt sleeve, so cant be a dress watch.What can you do with it?See incoming messages or calls on your wrist.Open hotel doors and act as a boarding pass.Use ApplePay.Provide turn-by-turn walking di...

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

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

Berendsen
Discovered on 25 Oct 2014 at 8:29 am
Got this idea from Gannon and Hoang on Investing.  They explain Berendsen's business model and competitive advantage well - in the rental and laundering of textiles for organizations, transportation costs are a major part of such services so clients are clustered around plants, which helps prevent competitors moving in.  Its a route density game.They have traditionally done workwear and linen (for hotels and hospitals), but are not moving into mats, washroom services and cleanroom.Client cont...

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

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
30 September 2014
Discovered on 30 Sep 2014 at 9:22 pm
Regional conflicts in Middle East, Ebola crisis in Africa, unfavourable business data from Europe and China, all these negative factors weighed on the equity market in September. The latest development in Hong Kong doesn't help at all. STI dropped 50.35 points, or 1.51% in the month, to end at 3276.74 at the end of the month. My portfolio did worst, its value drop 2.02% in the month. Will the market continue with the down trend in October? Or worst still, will the 2007 market melt down repeat...

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

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

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

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

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

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

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

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

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

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

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

My stocks portfolio - Apr 2014
Discovered on 4 May 2014 at 6:20 am
My Investment Portfolio (April 2014)
Discovered on 30 Apr 2014 at 11:25 pm
STI ended the month up at 3264 points. It had been a month of buyouts as companies with good asset backing had been a target of takeover offers and privatisation. The companies in question include CapitaMalls Asia, Hotel Properties, LCD Global Investments Ltd etc. This had led the market re-rating some of the stocks in this category which supported the market somewhat. There is also some speculation as to which company will be next in the list of buyout. The 3 local banks also reported their ...

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

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

My stocks portfolio - Feb 2014
Discovered on 7 Mar 2014 at 8:51 pm
Kering
Discovered on 2 Mar 2014 at 6:31 am
Kering (formerly PPR), the owner of Gucci and Bottega Vanetta, is a conglomerate and has recently streamlined its operations to focus on Luxury. 66% of revenue (and 96% of operating income) were from Luxury in 2013.The BrandsGucciGucci is positioned slightly below LV/prada, above Burberry/Coach.  From visiting a small Singapore store (6 months ago):The store was slightly busy/crowded.  We just walked in, they do not make people wait in line like Prada/Vuitton do.Price tags are on the items...

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

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

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

Newbie's new bond portfolio performance - 2014 against Inception (31st December 2012)
Discovered on 31 Jan 2014 at 7:46 pm
My stocks portfolio - Dec 2013
Discovered on 1 Jan 2014 at 11:53 pm
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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Demystifying Capitaland Group
Discovered on 29 Aug 2012 at 1:34 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

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

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


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