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:

December 2014
Discovered on 18 Dec 2014 at 3:22 am
.           STI = 3243.65 (+16.42) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown Hong Leong Fin FY13 (Dec) 15.85 12.00 $2.560 4.688% 16.15 Interim 4ct ; Final 8ct SGX FY14 (Jun) 30 28 $7.570 3.699% 25.23 Q1, Q2, Q3 4ct ; Q4 4ct +12ct SingPost FY14 (Mar) […]

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...

November 2014
Discovered on 28 Nov 2014 at 9:09 am
  Results Announcement 4 Nov 14 : SIAEC (1H15) – EPS 3.75ct vs 6.39ct (1H14) ; Div 6ct vs 7ct (1H14) 5 Nov 14 : Starhub (Q314) – EPS 5.7ct vs 5.5ct (Q313) ; Div 5ct (No Change) 6 Nov 14 : Singpost (Q215) – EPS 1.584ct ; Div 1.25ct 7 Nov 14 (AM) : […]

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...

Singpost – OCBC
Discovered on 7 Nov 2014 at 9:27 am
  On the growth path Healthy results Lower reliance on mail Prospects remain bright   Results in line Singapore Post (SingPost) reported a 8.1% YoY rise in revenue to S$220.3m and a 5.5% increase in net profit to S$37.6m in 2QFY15, such that 1HFY15 revenue and net profit accounted for 48% and 50% of our […]

Starhub – DBSV
Discovered on 7 Nov 2014 at 9:21 am
Broadband, prepaid mobile decline 3Q14 net profit of S$ 97.7m (+2.5% y-o-y, +4% q-oq) was 3% below our expectations Service revenue growth weak on lower broadband, prepaid revenue 5Scts interim dividend declared, in line with expectations. Maintain HOLD with unchanged TP of S$4.30 Highlights Revenue impacted by broadband, prepaid mobile Competition contributed to the continued […]

SIAEC – DBSV
Discovered on 7 Nov 2014 at 9:18 am
Navigating through turbulence 2QFY15 earnings disappoint, down 41% y-o-y Affected by deferments/cancellations of heavy aircraft checks, extension of engine check intervals Cut FY15/16F earnings by 23%/11% to factor in lower workload, margins Dividend cut also likely in FY15; downgrade to FULLY VALUED with lower TP of S$3.80 Worst quarterly showing in a long time. 2QFY15 […]

Singpost – CIMB
Discovered on 7 Nov 2014 at 9:10 am
Take profit 1HFY3/15 core net profit of S$73.7m formed 46% of our and 47% of consensus full-year forecasts. We view the results as largely in line as we expect a stronger 2H to be driven by the postage rate hike (effective Oct) and full contributions from its recent M&As. However, we cut our FY15-17 EPS […]

Starhub – OCBC
Discovered on 6 Nov 2014 at 9:29 am
Keeps FY14 guidance as expected No change to FY14 estimates Still intense broadband competition Expects EBITDA margin pressure   3Q14 earnings slightly ahead of forecast StarHub Ltd reported its 3Q14 results last evening, which saw the telco posting a net profit of S$97.7m, up 2.6% YoY and 3.6% QoQ, which was also about 10% ahead […]

SIAEC – OCBC
Discovered on 6 Nov 2014 at 9:27 am
2QFY15 results below expectations 2QFY15 PATMI plunged 40.7% YoY More aircraft checks deferred Downgrade to SELL   Disappointing 2QFY15 results SIA Engineering Company’s (SIAEC) reported a 3.0% YoY decline in its 2QFY15 revenue to S$285.2m and a 40.7% drop in PATMI to S$42.1m. Its 1HFY15 results were below expectation as its revenue and PATMI formed […]

Stahub – CIMB
Discovered on 6 Nov 2014 at 9:16 am
No real change in course StarHub’s 9M14 core net profit largely met expectations, forming 75% of our and consensus full-year forecasts. Service revenue was flat qoq, held back by another quarter of declines for broadband, while EBITDA margin improved due to a higher recognition of NBN grants in the quarter. As expected, a quarterly DPS […]

SIAEC – CIMB
Discovered on 5 Nov 2014 at 7:32 am
A year of famine SIE’s 2Q15 net profit of S$42m was below our expectations (S$60m) and consensus (S$68m) due to the weak contribution from JVs and associates that formed 62% of pretax profit. 1H15 net formed 40% of our FY15 forecast. Better engine reliability caused a reduction in engine visits required by its JVs and […]

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

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

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

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

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

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

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

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

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

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

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

Three Key Points for Newbie Investors
Discovered on 16 Apr 2014 at 10:39 am
This is really more of a post for me to jot down what to say in the elevator or in a casual setting where I only have a few minutes to talk to someone and I would like to give the biggest impact and let him or her take away as much as possible with regard to the world of investing.Now, I am assuming someone with very little investing background and who may or may not know who is Warren Buffett. If he wants more info, I can always refer him to this blog. But in that span of a few minutes, I mu...

There is no spoon...
Discovered on 4 Apr 2014 at 11:47 am
This is a quote from the movie "The Matrix" almost 15 years ago. For readers who have never seen the movie, I urge you to watch it today. It is one of the best movies in the last century. No joke!For those with no intention to watch it, I shall summarize the plot for you. *SPOILERS ahead*The Matrix follows protagonist Neo (played by Keanu Reeves) as he discovered that his world was not real but a huge computer program called the Matrix designed to imprison human beings. Or rather imprison our...

The Impossible Trinity and the Tapering
Discovered on 21 Mar 2014 at 11:38 am
Quick Summary:The Impossible Trinity is an economic theory that states that a country can only control two of the following three levers: Exchange Rate, Free Capital Movement and Monetary Policy.The recent Emerging Markets Crisis is a real world manifestation of this theory.Countries in ASEAN often chose to control their exchange rate and free capital movement thereby allowing US interest rate to dictate our domestic interest rate.This has created stock market and property bubbles in this par...

Type A and Type B Decision Making
Discovered on 24 Feb 2014 at 10:05 pm
Quick Summary:Type A decision making focuses on the few key factors.Type B decision making understands that the fat tail of factors might become crucial someday.Ignoring the fat tails mean failing to understand that these factors could come and bite us someday. Recognizing the fat tail is the key to Type B decision making.In investing, this means looking holistically at the business and asking questions all round.In real-world decision making, it also means constant reviewing of past decision...

Type A and Type B Personalities
Discovered on 9 Feb 2014 at 9:52 pm
Quick Summary:There are 2 type of people: Type A and Type B.Type A: Digital, Task-Oriented, Focused on One Solution.Type B: Analogue, Multi-Dimensioned, Innovation is the Solution.Type B makes better investors.Type A vs Type B - SIA vs Singtel.Are You Type A or B?Over the course of my work and investing years I have had the chance to get to know and work with lots of people. Most of them are highly intelligent, motivated, diligent and also rational. They have all the traits of being successfu...

Investing Lessons from Ngiam Tong Dow - Part II
Discovered on 24 Jan 2014 at 12:33 am
This is a continuation from the previous post.The second lesson from Mr Ngiam's book is something pretty well repeated in many circles but I think it's worth re-learning. It can be surmised into the following five words: there are no sacred cows.Mr Ngiam recounted the early days when Singapore was supposed to merge with Malaysia and the economic blueprint of the day was the creation of a Common Market where domestic industries would enjoy protection from imports via tariffs and restrictions. ...

Investing Lessons from Ngiam Tong Dow - Part I
Discovered on 9 Jan 2014 at 9:38 am
I just finished this interesting book that gave a good perspective on Singapore's recent history from the former head of civil service Mr Ngiam Tong Dow. It was published a few years ago but the topics are still pretty relevant: public transportation, jobs, housing etc. I think every Singaporean who has an interest in public policies should read this book.Ngiam Tong Dow's BookFor me it was especially enjoyable reading the parts about our political leaders Mr Lee Kuan Yew, Dr Goh Keng Swee and...

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


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Mark Cuban’s Way of Investing
Discovered on 19 Dec 2014 at 10:26 pm
Mark Cuban is a billionaire entrepreneur and is one of the shark in my favorite TV reality show “Shark Tank”. His take on investing goes contrary to Harry Markowitz and Warren Buffet who are proponents of diversification(Harry won a Nobel Prize for his theories on that), which makes for an interesting watch. Mark thinks “buy […]

What We Are Reading & Watching This Week
Discovered on 19 Dec 2014 at 3:40 pm
Mindset by Carol Dweck – Summary http://alexvermeer.com/why-your-mindset-important/ Howard Marks Memo: The Lessons of Oil http://www.oaktreecapital.com/MemoTree/The%20Lessons%20of%20Oil.pdf Howard Marks on Bloomberg TV (On Russia and Rule of Law Concerns) http://www.bloomberg.com/video/investment-strategy-oaktree-s-marks-on-russia-markets-7hsbr1puT32ePy0aaOSyNA.html Porsche: The Hedge Fund that Also Made Cars http://priceonomics.com/porsche-the-hedge-fund-that-also-made-cars/ An Unconventiona...

Asset Allocation VS Investment Period
Discovered on 19 Dec 2014 at 3:08 pm
Most investment professionals would emphasize that a good asset allocation is key to great investment returns. Having a portfolio consisting of stocks, bonds, other investment assets and cash is like the safest strategy anyone of any age group can follow. Today, I wish to offer something different. I would like to say that the Time […]

Stock Analysis – Metro Holdings (1H FY15) – Show Me the Money?
Discovered on 19 Dec 2014 at 10:16 am
Reader Andy contacted me about Metro Holdings. He calculated that Metro is trading at a significant discount to NAV. Second point mentioned is that Metro has almost no debt with long dividend record. Sounds attractive, isn’t it? But Andy is concerned about one thing – Metro’s cash holdings have been depleting due to dividends paid […]

Unmasking the five myths of property tax
Discovered on 19 Dec 2014 at 8:46 am
On December 5, the Inland Revenue Authority of Singapore (IRAS) announced the reduction of property tax for HDB flats in 2015. Three days later, there was an article “Property Tax cut for one in four private home owners” in The Straits Times. A week after their announcement, a representative from IRAS further elaborated how annual […]

Influence of Online Advertising In driving your business sales
Discovered on 19 Dec 2014 at 8:36 am
Online Advertising is a form of marketing and advertising which uses the Internet to deliver promotional marketing messages to consumers. It includes email marketing, search engine marketing (SEM), social media marketing, many types of display advertising (including web banner advertising), and mobile advertising. Growth of Online Nature Business As i had mentioned in one of […]

Top Volume - Captured EOD
Discovered on 19 Dec 2014 at 6:51 am
The most important captured for today's Top Volume counters. It's vital to use this information for next week's scanning.Ronald K - Market Psychologist - The Big Speculator

Taking the E-motions out of Investments
Discovered on 19 Dec 2014 at 6:47 am
Taking the (E)motions out of Investments? Easier said than done. When you invest your money, I’m assuming you’re investing after a thorough thought process. One does not simply invest his/her money based on the “TOP 20 SHARES TO INVEST IN 2015″ or “BEST STOCK TO INVEST 2014″ that you see on Google or financial magazines. […]

Tea with EY: Questions for the CPF Board (Part 2)
Discovered on 19 Dec 2014 at 6:35 am
Q: For the Medisave balance in excess of the Medisave Minimum Sum (MMS), i.e.[MCC] $48,500 – [MSS]$43,500=$5,000, would CPF automatically transfer this amount to the member’s OA when he/she reaches 55 years old or would CPF allow the member to maintain his/her Medisave balance up to the MCC of $48,500? A: The balance above the […]

Tea with EY: Questions for the CPF Board (Part 1)
Discovered on 19 Dec 2014 at 4:00 am
EY asked the CPF Board some questions. Q: At 55 years old, if the member does not intend to withdraw any amount from any of his/her CPF accounts and would like to use the entire MS to participate in the CPF LIFE Basic Plan, how would the savings in each of the accounts be redistributed […]

Termination of Insurance Coverage
Discovered on 19 Dec 2014 at 3:38 am
Today received a letter from Central Provident Fund (CPF) Board, informing me that my Home Protection Scheme (HPS) with them has been terminated.  Officially I am debt free now. Home Protection Scheme (HPS) is a mortgage reducing insurance scheme administered by the CPF Board.  Should the insured member become permanently incapacitated or die prematurely before […]

Impressed and Humbled
Discovered on 19 Dec 2014 at 2:38 am
Non-REIT post today. I was reading through B‘s blog when I came across an article by sgyounginvestor.  I was really impressed by his depth and breath of analysis on S-REITs.  One particular piece was on OUE Commercial REIT (article link here). I was humbled at the same time.  Compared to his analysis, my analysis seemed […]

winning systematically with E(V)
Discovered on 19 Dec 2014 at 2:07 am
As much as A Random Walk Down Wall Street would like you to believe in the unpredictable nature of markets and the challenge of beating the game, there is a method to the madness. The efficient market hypothesis was written by professors who couldn’t trade profitably over the long run. A vegetarian may tell you […]

Your Road To Financial Independence is no different from Jugglers???
Discovered on 19 Dec 2014 at 2:03 am
The least difficult way is to juggle only three balls which is the most basic to achieve and to impress at your social gathering and parties. 3 Balls equivalent is like staying Single or DINK (Dual Income No Kids) to achieve financial independence. You are likely to be able to perform and achieve with more […]

Recap of My First Year In Investing And What’s Next From 2015 Onwards
Discovered on 19 Dec 2014 at 12:12 am
Time speeding through us really fast, we are almost at the end of 2014. Really looking forward to 2015 and beyond, meanwhile, just like to do a small recap of my maiden stock investing year.   Being a really late starter and small retail investor, my first year in stock investment is a cautious one. […]

Is my MBA worth it?
Discovered on 18 Dec 2014 at 11:54 pm
I have just completed my MBA degree at a local institution which has lasted for 18 months and I thought I could share my experience with the program for the benefit of those who are interested to get one. To begin with, there are always two sides of a coin. While there are people who […]

To see the world through the eyes of a newbie
Discovered on 18 Dec 2014 at 9:23 pm
The moment you don’t need to excel is precisely the moment you start excelling. I knew that from my past experience as a air rifle shooter. When you take part in competition, you should be in a meditative state of mind. You have to know that you’re competing, yet you cannot think you’re competing. If […]

Daily Market Opinion for 19-Dec-2014
Discovered on 18 Dec 2014 at 8:27 pm
Daily Market Opinion for 19-Dec-2014 STI continued its rebound yesterday as the market cheer on FOMC decision to delay their interest rate hike. This cheerful mood opened the market with a gap up action which helped STI to break its resistance at 3230 level. This strong opening sustained for a while before profit takers or […]

Top Volume - Stagnant
Discovered on 18 Dec 2014 at 8:02 pm
What a stagnant boring Friday without much movement even though the STI index itself is rising. The underlying stocks are just lackluster without any form of activities. Continue watching.Ronald K - Market Psychologist - The Big Speculator

4 Unusual & Alternative Investments to Consider
Discovered on 18 Dec 2014 at 8:00 pm
Stocks, funds and bonds are investment vehicles any savvy investor will have in his or her portfolio. But, if you are thinking about diversification, consider these unusual and alternative investments. Investment-grade Diamonds Diamonds are bullshit, as Rohin Dhar of Priceonomics puts it, and his assertions are right on the money. However, look past the commercial […]

Market News In 2 Minutes @ 19th December 2014
Discovered on 18 Dec 2014 at 7:05 pm
As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this “Market News In 2 Minutes” series. Following are the “Market News […]

Dow Jones - The +421 Points Rally
Discovered on 18 Dec 2014 at 6:52 pm
The Dow rallied +421 points last night and therefore today sellers will use this opportunity to sell into strength when the Singapore market shall gap up today. Never chase and never go long today. That's the game plan for today.Ronald K - Market Psychologist - The Big Speculator

Attractive Shipping And Marine Stocks For Medium Term
Discovered on 18 Dec 2014 at 5:37 pm
Please read the disclaimer at the bottom of my blog if you wish to continue with the contents below. Collated using Shareinvestor This analysis is slightly different from what I usually do. This time I did not include any metric that involve earnings and strictly compared latest quarter net debt to equity, dividend payout and […]

AAPL: Up Trend Continues in Santa Claus Rally?
Discovered on 18 Dec 2014 at 8:17 am
AAPL rebounds with an Inverted Hammer and Morning Star at 38.2% Fibonacci Fan. Expect AAPL to continue the rally into Christmas period and join the Santa Claus Rally. See past AAPL Fundamental Analysis and Intrinsic Value here.

Heart to heart talk on time to achieve financial freedom.
Discovered on 18 Dec 2014 at 6:45 am
I have heart to heart "talks" with readers sometimes and those whom I have "talked" to know that the conversations could last an hour or more sometimes. Although I am not a financial planner nor a trained counsellor, I try my best to put things in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

If I had done this, I would have hit the minimum sum too.
Discovered on 17 Dec 2014 at 8:50 pm
This is my reply to a comment by a reader and because I want as many people to read this as possible, I am publishing this as a regular blog post. See qook's comment: here. AK's voluntary contribution in March 2014. AK's reply: Hi qook, Yes,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SembCorp Marine - Insiders Account Filled?
Discovered on 17 Dec 2014 at 8:11 pm
In my SOMM training program, one of the techniques I taught was how to detect and watch for insiders account being filled in individual stocks. Today, I received a SMS from one of my SOMM Member where he managed to spot insiders account being filled and get in into SembCorp Marine using freely available charts. As you can see, he made $2000 using simple chart reading skills not visual to the retailers with their naked eye but only for those who are serious and hungry for knowledge and skills ...

Straits Times Index - A Fearful Red Tail in 5min Chart
Discovered on 17 Dec 2014 at 7:39 pm
Just observed the scariest moment in the Singapore market in less than 5 mins after market opened. Within 2 mins after market opened, there were humongous amount of sellers selling away shares in STI and also individual stocks. The speed and magnitude was so huge that it caused a temporary fear in the market in that 5 min which caused a Long Red Tail bar in the bar 5 min chart. Subsequently, the market tried to recover a bit from this sell down and now we can only see what trends out later.Ro...

Singapore Property News This Week #186
Discovered on 17 Dec 2014 at 8:45 am
Residential Rents falling at Private Condos and HDB Flats Rents of private condominiums continue to soften and are expected to continue to do so next year due to a looming excess of supply. SRX Property flash estimates indicate a 0.8% drop in rental prices, continuing the trend in decline of rental prices. The rental decline […]

What is Wine Investment ? Interview with Peter R. Shakeshaft – CEO, Vin-X Limited
Discovered on 17 Dec 2014 at 8:17 am
Peter Shakeshaft is the founder and CEO of Vin-X, a market-leading specialist in fine wine investment. A qualified corporate financier, Peter’s career spans twenty years in the Financial Services industry where he founded and led a group which grew sales … Continue reading →

Top Volume - Essence Captured
Discovered on 17 Dec 2014 at 5:13 am
Finally the market ended today with some stocks rebounding a bit with strong finishing. I will post my trade record once I am done with my trade. For the whole day, I managed to capture the essence for the Top Volume counters and will be watching closely tomorrow.Ronald K - Market Psychologist - The Big Speculator

A way towards retirement adequacy before the year ends.
Discovered on 17 Dec 2014 at 12:40 am
A reader sent this message to me in FB and agreed to have me share it in my blog: Hi AK, Many thanks for your blog post "How to grow my wealth as I approach 40 years of age" and the other cpf related posts. After poking around our cpf site, finally... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Top Volume - Capturing Essence
Discovered on 16 Dec 2014 at 8:22 pm
These are the 2 most important capture of the moment. It contains vital information needed to scan for the next hot stock. I am watching it so closely that I couldn't take the chair out of my seat. Will share very soon!Ronald K - Market Psychologist - The Big Speculator

Dow Jones - Student Sharing Session Outlook
Discovered on 16 Dec 2014 at 6:54 pm
Guys, thanks for all the support last night and I really appreciate those who went to help open account. The Dow outlook before market opened yesterday indeed materialized. The students sharing session last night was overwhelming where I truly enjoy the attendance and the participation. I hope all of you who took actions based on my call made $$. More to come soon. :)))))Ronald K - Market Psychologist - The Big Speculator

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

Tough Times Ahead for Iskandar and Malaysia Properties
Discovered on 16 Dec 2014 at 8:45 am
By Property Soul (Guest Contributor) I picked up a copy of The Star while traveling in Malaysia recently. The article on the front page titled ‘Malaysia’s property sector cooling off’ caught my attention. It quotes the findings of the first half 2014 Property Industry Survey conducted by the Real Estate and Housing Developers’ Association of […]

Straits Times Index - Scariest Day in Singapore
Discovered on 16 Dec 2014 at 3:35 am
Today is the scariest day in the Singapore market where the STI slammed down -80 points after almost a year. What a sell down to public and retailers where liquidation is at it's all time. I will give another outlook on the indices soon. Who's interested?http://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-smmg-club-early.htmlhttp://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-sellers-all-way.htmlhttp://stockmarketmindgames.blogspot.sg/2014/12/straits-times-inde...

Investing for income and position sizing for peace of mind: Inspired by an exchange of words in Kallang Wave Mall.
Discovered on 16 Dec 2014 at 1:11 am
Some time back, a reader said it must be a good feeling to be out and about and overhearing people talking about AK71 without them knowing that AK71 was listening in. I replied saying that it had never happened before and AK71 was not as popular as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DBS - Riding Big Profits
Discovered on 15 Dec 2014 at 11:38 pm
Period. Nothing much more to say on SMMG and SOMM but trade records, dedication and my hard work paid off for those who joined and trusted me on my courses. All my sharing sessions, SOMM outlooks and SMMG per day calls were thunder accurate to allow students to take actions and make profits. Moving forward next year, I am looking to get more engagements with students to make bigger profits together. :))))))Ronald K - Market Psychologist - The Big Speculator

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
Straits Times Index - Sellers All the Way
Discovered on 15 Dec 2014 at 10:52 pm
STI is experiencing a major sell down at the moment. Well, I am very very delighted that all students took actions and rode all the way down from my early morning outlook before market opened. Click below and check out!http://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-students-make.htmlhttp://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-smmg-club-early.htmlRonald K - Market Psychologist - The Big Speculator

Straits Times Index - Students Make $$
Discovered on 15 Dec 2014 at 8:28 pm
Students make $$ based on my call earlier in the morning in the SMMG Club. I am so happy for students who take actions. STI indeed had a anemic rebound with still a lot of sellers contained. Sellers were selling non stop.http://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-smmg-club-early.htmlRonald K - Market Psychologist - The Big Speculator

Straits Times Index - The SMMG Club Early Morning Call
Discovered on 15 Dec 2014 at 7:50 pm
Earlier this morning before the market was opened, I posted an all important concise outlook for all SMMG Club members to take actions and make $$. My outlook as screenshot above was "Weak rebound today followed by more sellers pushing prices down for today." Indeed as of now after almost 50 mins, STI indeed had a weak rebound followed by more sellers!! I am glad for those who took actions and made $$ based on my pre market outlook this morning! :)))))Ronald K - Market Psychologist - The Bi...

STI - Important Top Volume Capture
Discovered on 15 Dec 2014 at 7:20 pm
This is the most important Top Volume capture of the moment. Share more later. :)Ronald K - Market Psychologist - The Big Speculator

Straits Times Index - More Gap Down
Discovered on 15 Dec 2014 at 7:08 pm
During my last post yesterday at 5.49pm on my blog, I mentioned that "The sell down in stocks and indices continue to scare retailers to liquidate. Be alert for more downside in the coming days/weeks." In the US trading hours, the Dow slammed down another -100 points to cause more jittery to the financial world. So from 5.49 till now at 9.07am, did the Straits Times Index continued to fall and have more downside? You decide. :) Be alert!http://stockmarketmindgames.blogspot.sg/2014/12/straits-...

Singapore Property Weekly Issue 186 now out
Discovered on 15 Dec 2014 at 9:14 am
In this week’s issue: Tough Times Ahead for Iskandar and Malaysia Properties Singapore Property News This Week Resale Property Transactions (November 26 – December 2) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 186

Straits Times Index - Gap Down
Discovered on 15 Dec 2014 at 3:49 am
STI indeed gap down after that -316 slammed down from Dow. For the whole day, the market has no buyers but more sellers instead. The sell down in stocks and indices continue to scare retailers to liquidate. Be alert for more downside in the coming days/weeks.http://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-deep-sea-of-red.htmlRonald K - Market Psychologist - The Big Speculator

Straits Times Index - Deep Sea of Red
Discovered on 14 Dec 2014 at 6:03 pm
Today the market will be a deep sea of red since the Dow was slammed down -316 points. It's not a good day to go short since it will be gaping down. A good short would be short on the rebound when there was short covering and weak rebound where those rebounds are unsustainable where no real/hidden buying was involved. Be careful of your long positions.Ronald K - Market Psychologist - The Big Speculator

High Interest Bank Accounts
Discovered on 14 Dec 2014 at 10:30 am
High Interest Bank Accounts We present today's "High Interest Bank Accounts" post to help you save money Singapore Savings Account Rates. Singapore's High Interest Bank Accounts for 2014 are presented for personal information. In this 'high interest bank accounts' post, the team at Singapore Savings Account Rates wants to draw your attention to certain fees and charges you may incur when you

Hock Lian Seng: Robust order book at a 3 year high.
Discovered on 14 Dec 2014 at 9:55 am
I have been a shareholder of Hock Lian Seng's since 2010. I accumulated a core position in the stock and also did a bit of trading for extra pocket money. In the last couple of years, however, I have mostly been accumulating the stock because I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Keppel Corp: No Sight of Bottoming Yet
Discovered on 14 Dec 2014 at 6:50 am
Keppel Corp is currently on a clear down trend and have no sign of bottoming yet. Not the right time to do bottom fishing yet for this blue chip which is listed on Singapore Stock Exchange and one of the … Continue reading →

Home made waffle with a twist for Sunday lunch.
Discovered on 14 Dec 2014 at 1:03 am
What did I have for lunch today? I had some leftover waffle made by my sister but instead of having them with maple syrup and butter, a style more in keeping with breakfast, I decided to prepare a savory version instead for lunch: Heat up both... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

How to grow my wealth as I approach 40 years of age?
Discovered on 13 Dec 2014 at 9:28 pm
This is my reply to a recent email from a reader approaching the big 4 in life: Hi, Welcome to my blog. :) I have to say that I am not a financial advisor. So, I can only share with you what I think makes sense to me as an online pal, if you... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore REIT Fundamental Analysis Comparison Table – 14 Dec 2014
Discovered on 13 Dec 2014 at 9:06 pm
FTSE ST Real Asset Investment Trust (FTSE ST REIT) Index changes from 763.85 to 774.40 compare to last post on Singapore REIT Fundamental Comparison Table on Nov 2, 2014. The index rebounded from the 200D SMA but currently facing the resistance at about … Continue reading →

The Growth of the Singapore Economy: A Shift in the Forex Market
Discovered on 13 Dec 2014 at 8:13 pm
Guest Post There have been several shifts in the forex market recently, with the Australian Dollar (AUD) experiencing rapid and sudden decline. This has been sharply contrasted by the rise of the Singapore Dollar (SGD), which has evolved steadily on … Continue reading →

IBM: Breakdown from Rectangle
Discovered on 13 Dec 2014 at 8:35 am
Trade Opportunity for IBM after break down from Rectangle which has been in consolidation mode for 2 months! IBM is on confirmed down trend as the stock is trading below 20D, 50D, 200D SMA. MACD Bearish Convergence. 2/5 EMA starts … Continue reading →

Boeing (BA): Trading Opportunity!
Discovered on 12 Dec 2014 at 9:39 pm
BA is one of my favorites in option trading. Look at the chart pattern and the swing between high and low! Strategy: Short at Resistance and Long at Support. BA is getting near to the support. Waiting to take profit … Continue reading →

Keppel DC REIT IPO Balloting Result
Discovered on 12 Dec 2014 at 8:52 pm
INDICATIONS OF INTEREST, APPLICATIONS RECEIVED AND ALLOCATIONS Keppel DC REIT Management Pte. Ltd., as manager of Keppel DC REIT (the “Manager”), is pleased to announce that the indications of interest received for the Placement Tranche and applications received for the Public Offer … Continue reading →

Sharing Sessions - A Compliment
Discovered on 12 Dec 2014 at 7:17 pm
Received a compliment from a student. Really pleased to hear all my sharing sessions conducted to help students was a success and I shall continue to be the driver to drive all initiatives and more $$ making sessions to all students. Thank you so much!!Ronald K - Market Psychologist - The Big Speculator

Dow Jones - Collapsed of The Year
Discovered on 12 Dec 2014 at 6:14 pm
It was an awesome night yesterday evening when I shared my recent trade secrets but more importantly, I made an all important Dow crash prediction in the afternoon to all SOMM members in the SOMM Club and later in the evening face to face to all SMMG members. This morning when I woke up, the Dow indeed crashed -315 points and it only spells blood and trouble for stocks on Monday when the market opens. Congrats to all SOMM members who took actions and made $$. I am trying to get all SOMM Membe...

曾淵滄-股市资讯专栏 12.12.2014 -2015年市场展望如何?油价下跌又带来什么良机?
Discovered on 12 Dec 2014 at 1:59 am
Exodus: Gods and Kings.
Discovered on 12 Dec 2014 at 1:20 am
I was invited to a buffet dinner and a movie treat complete with popcorn and Pepsi. The movie was educational and entertaining at the same time. Although Biblical, I believe that there are certain lessons here which have universal value. We... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Top Volume - Capture of The Moment
Discovered on 11 Dec 2014 at 8:49 pm
These are the most important Top Volume capture of the moment! I will share more next Thursday! Stocks will run based on Top Volume with prices flipping up and down and the only knowledge one needs is to know and scan for the right counters. :)Ronald K - Market Psychologist - The Big Speculator

DBS - Closed at day Low!
Discovered on 11 Dec 2014 at 6:52 pm
So DBS closed at day low with sellers as per my call yesterday's morning at 8:01am. I mentioned on my blog: "Today, the market will Gap Down first followed by short covering, and then continue to be slammed down with sellers towards the end of day." So indeed after all the short covering, sellers went in later in the afternoon to sold off DBS shares and it dropped from a high of 19.97 to day low at 19.80!!!!!!http://stockmarketmindgames.blogspot.sg/2014/12/dbs-sti-sellers-market.htmlhttp://st...

Bonus 1.56% iSavvy Savings Plus Account
Discovered on 11 Dec 2014 at 10:30 am
Bonus 1.56% iSavvy Savings Plus Account We present Singapore Bonus 1.56% iSavvy Savings Plus Account from Maybank to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Bonus 1.56% iSavvy Savings Plus Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these

Straits Times Index - Closed Mix
Discovered on 11 Dec 2014 at 3:51 am
The market close red and mix today. Indeed there wasn't any bounce detected this time round!http://stockmarketmindgames.blogspot.sg/2014/12/dbs-sti-sellers-market.htmlRonald K - Market Psychologist - The Big Speculator

Company Warrants Expiring in 2015 - Actions Needed
Discovered on 11 Dec 2014 at 1:07 am
I need to remind myself all the outstanding company warrants that are expiring in 2015 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.METECH INW150627, Expiry Date: 27 Jun 2015, Exercise price = $0.02, Conversion ratio 1:1 - No action taken yet.WE HLDGS W150827, Expiry Date: 27 Aug 2015, Exercise price = $0.03, Conversion ratio 1:1 - No action taken yet.HEETON W150903, Expiry Date: 3 Sep 2015, Exercise pric...

A nibble at Wing Tai Holdings Limited.
Discovered on 10 Dec 2014 at 8:30 pm
On 22 October, I did an incomplete analysis of Wing Tai Holdings Limited to arrive at what I thought would be a nice entry price. Any reader who might have missed that and would like to read it, please see the related post at the end of this... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DBS - Gap Down!!
Discovered on 10 Dec 2014 at 7:06 pm
DBS gap down and short covering took place as predicted earlier in the morning on my blog at 8:01am! Continue watching! Market is bad and sour. Be careful.http://stockmarketmindgames.blogspot.sg/2014/12/dbs-sti-sellers-market.htmlRonald K - Market Psychologist - The Big Speculator

DBS, STI - Sellers Market
Discovered on 10 Dec 2014 at 6:01 pm
With the Dow being slammed down -268 points last night, DBS and STI will start to suffer gap down today. In fact, this time round, there won't be a bounce in STI anymore as compared to Tuesday when the Dow was down -107 points.http://stockmarketmindgames.blogspot.sg/2014/12/straits-times-index-sellers-materialized.htmlToday, the market will Gap Down first followed by short covering, and then continue to be slammed down with sellers towards the end of day. Watch out your long positions if any....

Singapore Property News This Week #185
Discovered on 10 Dec 2014 at 6:23 am
Residential HDB resale prices fell by 0.8%  According to the Singapore Real Estate Exchange (SRX), resale prices of HDB flats have fallen by another 0.8 percent in November, and have fallen by 6.3 percent year-on-year from November 2013 to November this year. This is the lowest in the last 40 months. Market experts believe that […]

My stocks portfolio - Nov 2014
Discovered on 9 Dec 2014 at 9:38 pm
Yuuzoo - Fake Breakout = BreakDown!
Discovered on 9 Dec 2014 at 7:28 pm
Yuuzoo just experienced a Fake Breakout followed by an immediate break down in the 5 minute chart. It was so bad that the stale bulls and retailers who went long chasing earlier in the morning at 0.445, thinking it would breakout till 0.5 to only realized that it got jammed halt at 0.455 and started to breakdown to a low of 0.415 as of now. What a scary moment where I witnessed the withdrawal of the buy/sell Q and the flip on the Q numbers in that split of seconds. Amazing Big Boys!Ronald K -...

Property Valuation – Valuing Leasehold Property
Discovered on 9 Dec 2014 at 6:23 am
By Gerald Tay (guest contributor) Suppose you intend to buy a leasehold property with 30 years or less remaining on its lease – how would you know whether it is worth the price you are paying? Or put in another way, what price justifies your making the purchase? This is the thrust of this final […]

Accordia Golf Trust: A distribution yield of 12.16%?
Discovered on 9 Dec 2014 at 1:33 am
Some time in August this year, I was a trader for a day. The stock traded was Accordia Golf Trust. I got in at 78c a unit because I thought I saw a positive divergence in the chart and I subsequently divested at 82 and 82.5c in the same day. The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

1.5% p.a. POSB Savings Account Promotion
Discovered on 8 Dec 2014 at 1:00 pm
1.5% p.a. POSB Savings Account Promotion We present Singapore 1.5% p.a. POSB Savings Account Promotion savings rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. 1.5% p.a. POSB Savings Account Promotion Example Of Earnings: Customer A registers for 1.5% p.a. POSB Savings Account Promotion via online through DBS’ website during the 1.5% p.a. POSB

Singapore Property Weekly Issue 185 now out
Discovered on 8 Dec 2014 at 8:40 am
In this week’s issue: Property Valuation – Valuing Leasehold Property Singapore Property News This Week Resale Property Transactions (November 19 – November 25) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 185

% 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...

2015 Singapore Savings Account
Discovered on 7 Dec 2014 at 10:30 am
2015 Singapore Savings Account In 2015 Singapore Savings Account Rates Blogspot Dot Com will continue to supply updates on bank savings account rates for your information. How high will 2015 Singapore savings account rates reach? How good will 2015 Singapore savings account rates be? We shall discover what 2015 Singapore savings account after the end of 2014. In the meantime, let us share

SCB eSaver Account Promotion
Discovered on 7 Dec 2014 at 10:30 am
SCB eSaver Account Promotion We present SCB eSaver Account Promotion Singapore bank savings rates of up to 1.35% per annum at Singapore Savings Account Rates site this day in 2014. Read more at Singapore Savings Account Rates to find out details of SCB eSaver account promotion today. Singapore Standard Chartered Bank SCB eSaver Account Promotion savings account rates for 2014 are

Keppel Data Centre REIT IPO Prospectus
Discovered on 7 Dec 2014 at 7:29 am
Keppel DC REIT launches IPO - Channel News Asia. ABOUT KEPPEL DC REIT Keppel DC REIT is the first data centre real estate investment trust to be listed in Asia and on the SGX-ST. Keppel DC REIT is established with the investment strategy … Continue reading →

2014 full year income from non-REITs.
Discovered on 7 Dec 2014 at 3:00 am
This is the first time I am blogging about my full year income from investments in non-REITs. As my passive income generated from investments in S-REITs has for many years overshadowed income received from non-REITs, it wasn't very meaningful to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Stock Market Indices PE & PB Ratio At a Glance (6 Dec 2014)
Discovered on 6 Dec 2014 at 10:47 pm
Market Indices PE & PB Ratio for Major Stock Exchange globally. US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOPSI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Dow Jones … Continue reading →

2014 full year income from S-REITs.
Discovered on 4 Dec 2014 at 11:00 pm
For my investments in S-REITs, the biggest thing that happened this year was the reduction in exposure to Sabana REIT. Some might remember that I first invested in Sabana REIT in March 2011 at 92.5c a unit. As its unit price declined to under 90c,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Make money at all costs or do the right thing at all costs?
Discovered on 4 Dec 2014 at 5:51 am
It has been almost 20 years since I lived rather high up in a building. Discovering a relatively good value for money deal for a high floor unit in a newly built high rise means I am once again closer to the clouds. I took some photos of the skies... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #184
Discovered on 3 Dec 2014 at 4:02 am
Residential HSR: HDB resale flat prices may drop to 2008 affordability levels by 3Q2015 According to HSR Research, if HDB resale prices continue to fall, it may soon reach the affordability levels in 2008 by Q3 next year. This suggests that cooling measures may be lifted by Q3 2015, said market experts. HDB resale prices […]

Wisdom, wit, some vegetables and a fish.
Discovered on 3 Dec 2014 at 1:28 am
I was chatting with my mom and she talked about looking at the skies and laughing at the follies of man. I told her she is so poetic and reminded me of 文章. Younger readers might not get the joke. Have a listen: I think this was more than 20... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

0.68% RHB BizPower Quad Business Current Account
Discovered on 2 Dec 2014 at 10:30 am
0.68% RHB BizPower Quad Business Current Account We present Singapore 0.68% RHB BizPower Quad Business Current Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore 0.68% RHB BizPower Quad Business Current Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money

What is a “Meaningful”Correction of Property Prices?
Discovered on 2 Dec 2014 at 4:10 am
By Property Soul (Guest Contributor) Deputy Prime Minister and Finance Minister TharmanShanmugaratnam recently told the press that there is “some distance to go in achieving a meaningful correction,” hinting that the property cooling measures are here to stay. I am surprised by MrTharman’s creative use of the word ‘meaningful’. It is an adjective or a […]

Marco Polo Marine: My comment in another blog.
Discovered on 2 Dec 2014 at 12:15 am
I stumbled upon a blog on Marco Polo Marine and I was reading the comments section and felt compelled to make a comment to correct one of the readers. This was my comment: For readers who are interested in the blog I am referring to, you might... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Corporate Retail Bonds
Discovered on 1 Dec 2014 at 10:30 am
Singapore Corporate Retail Bonds We present Singapore Corporate Retail Bonds and per annum rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Corporate Retail Bonds rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Singapore Corporate Retail Bonds

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

油氣股潰不成軍‧大馬股匯重傷
Discovered on 1 Dec 2014 at 5:03 am
Singapore Property Weekly Issue 184 now out
Discovered on 1 Dec 2014 at 4:12 am
In this week’s issue: What is a “Meaningful”Correction of Property Prices? Singapore Property News This Week Resale Property Transactions (November 12 – November 18) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 184

Invest in hotel projects for income?
Discovered on 30 Nov 2014 at 10:15 pm
A reader wrote to me about investing in a hotel project in Phuket recently. This was my reply: Hi R, I have a friend who bought into a similar program offered by a hotel group in Phuket. There are actually plenty of risks in such investments and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

AK went shopping in the (stock) market.
Discovered on 28 Nov 2014 at 8:50 pm
Mr. Market has been feeling rather pessimistic of late. Winter has come? In the last trading session, I bought stocks of the following companies': 1. SembCorp Marine 2. SembCorp Industries 3. ST Engineering These companies have relatively... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Jim Rogers on Russia and China, Did Not Buy Alibaba, & Run For Your Lives
Discovered on 28 Nov 2014 at 7:04 pm
曾淵滄-股市资讯专栏 28.11.2014 -中国减息确有为沪港通护航的味道
Discovered on 27 Nov 2014 at 10:55 pm
Work because you want to and not because you have to.
Discovered on 27 Nov 2014 at 8:50 pm
Recently, I had a chat with someone on my preference to invest for income and how I am now able to work because I want to and not because I have to. He said he would like very much to quit his job and focus on making money from the stock market.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #183
Discovered on 26 Nov 2014 at 7:41 am
Residential 20% of TRE Residences have been sold 50 out of 250 units at TRE Residences have been sold since its launch. On average, a unit was sold for $1,416 psf after a 5 percent discount. Most units that have been sold are either one-bedroom or two-bedroom units. The condominium is located at Aljunied MRT […]

Save money and have a good dinner for $1.75?
Discovered on 26 Nov 2014 at 7:37 am
It has been quite a while since I shared photos showing how I prepare my meals. Regular readers know that such sharing sometimes invite rather big reactions from people, both positive and negative, but I guess that is what makes society... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why was my comment not published?
Discovered on 26 Nov 2014 at 5:45 am
I have said this before but I guess I should say it again. My blog makes a bit money in the form of advertising income and to be fair to myself and all paying advertisers, I cannot allow attempts by commercial entities to have free advertisements... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

Marco Polo Marine: The matter of letters and FY2014.
Discovered on 24 Nov 2014 at 8:50 pm
I receive emails from a handful of readers from time to time regarding Marco Polo Marine's share price and some wonder if I am still a shareholder. Well, I did reduce exposure many months ago and I blogged about my reasons for doing so. Since... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Lost $1m and left with $4.2m. What should I do? (Part 2)
Discovered on 24 Nov 2014 at 6:00 am
Here is part 2 of the email exchange: Hi AK, You may publish my correspondence without my email address. To help you help me more, these are the answer to your questions: 1. I invest or speculate for the sake of making double what i... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Lost $1m and left with $4.2m. What should I do?
Discovered on 24 Nov 2014 at 12:25 am
Here is a long email exchange with a reader which might be of interest to other readers: Dear AK, i followed your blogs constantly. Now I would like to write you so to seek seek your views on my situations. I am writing from my wife's account, so... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bank of East Asia Best Deposit Rates
Discovered on 23 Nov 2014 at 10:30 am
Bank of East Asia Best Deposit Rates We present Singapore Bank of East Asia Best Deposit Rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates available in Singapore: click here. Singapore Bank of East Asia Best Deposit Rates for 2014 are presented for personal information. You should re-confirm bank rates

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 […]

RHB Trio Current Account Interest Rates
Discovered on 16 Nov 2014 at 10:30 am
RHB Trio Current Account Interest Rates We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore RHB Trio Current Account Interest Rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Check out the

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

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

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

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

曾淵滄-股市资讯专栏 14.11.2014 -习近平的亚太梦及中国上市企业的吸引力
Discovered on 14 Nov 2014 at 12:34 am
PAP voter stops paying S&C charges to force out WP/ Oppo supporters shld imitate?
Discovered on 13 Nov 2014 at 2:16 pm
In response to this, the following was posted by someone who it seems voted for the PAP in Aljunied and who refuses to accept the election result and refuses to pay his S&C fees: I am an Aljunied resident living with my parents. Lately, due to some disagreements I had with the TC, I have […]

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

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

Singapore Savings Account Lobang
Discovered on 10 Nov 2014 at 10:30 am
Singapore Savings Account Lobang This blogspot site is a deep reservoir of Singapore Savings Account Lobang updates. Take our word on this Singapore Savings Account Lobang. We assure you that you can bank on us for this lobang. In our special Singapore Savings Account Lobang way, we bring you the best lobang on interest rates of Singapore bank savings accounts. You won't find anything more

High Yield SGX Stocks
Discovered on 6 Nov 2014 at 10:30 am
High Yield SGX Stocks of The STI We present Singapore High Yield SGX Stocks of the STI to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore High Yield SGX Stocks for 2014 are presented for personal information. You should re-confirm High Yield SGX Stocks prices and yields before you invest your money based on these rates. High Yield SGX Stocks

Hong Leong Finance Savers Plus Account
Discovered on 2 Nov 2014 at 10:30 am
Hong Leong Finance Savers Plus Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Hong Leong Finance Savers Plus

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...

2015 Singapore Savings Account Rates
Discovered on 31 Oct 2014 at 11:30 am
2015 Singapore Savings Account Rates In the coming year 2015, Singapore Savings Account Rates shall bring you more great bank savings account interest rates. We shall present 2015 Singapore savings account rates and other 2015 bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in the future year of 2015. How high will 2015 Singapore

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

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

曾淵滄-股市资讯专栏 31.10.2014 --政治问题导致沪港通延期?
Discovered on 31 Oct 2014 at 12:27 am
DBS Multi Currency Renminbi Account
Discovered on 26 Oct 2014 at 11:30 am
DBS Multi Currency Renminbi Account We present Singapore DBS Multi Currency Renminbi Account savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore DBS Multi Currency Renminbi Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based

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...

0.8% CIMB Starsavers Savings Account
Discovered on 21 Oct 2014 at 11:30 am
0.8% CIMB Starsavers Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore 0.8% CIMB Starsavers savings account rates for 2014 are presented for personal information. You should re-confirm 0.8% CIMB Starsavers Savings Account rates before you invest your money

Singapore Maybank Youngstarz Account
Discovered on 19 Oct 2014 at 11:30 am
Singapore Maybank Youngstarz Account We present Singapore Maybank Youngstarz Account savings rates to help you make your money work smarter for you at Singapore Savings Account Rates in 2014. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. Singapore Maybank Youngstarz Account :

曾淵滄-股市资讯专栏 17.10.2014 -沪港通随时启动,但占中问题仍未解决
Discovered on 17 Oct 2014 at 4:24 am
Highest Dividend Yield of Top 50 Largest Cap SGX Stocks
Discovered on 14 Oct 2014 at 11:30 am
Highest Dividend Yield of Top 50 Largest Cap SGX Stocks We present Singapore Highest Dividend Yield of Top 50 Largest Cap SGX Stocks to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Highest Dividend Yield of Top 50 Largest Cap SGX Stocks rates for 2014 are presented for personal information. Highest Dividend Yield of Top 50 Largest Cap SGX

Lobang For Savings Account Rates
Discovered on 12 Oct 2014 at 11:30 am
Lobang For Savings Account Rates Looking for a lobang for Savings Account Rates in Singapore? Well, you just came to the top Singaporean blogspot site in the world for Singapore Savings Account Rates news. For news lobang for savings account rates in Singapore, Singapore Savings Account Rates blogspot dot com is the place to go to. We are the Singapore lobang for Savings Account Rates. We

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...

Singapore Dollar HSBC Premier Account
Discovered on 5 Oct 2014 at 11:30 am
Singapore Dollar HSBC Premier Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Check out the best 5% p.a. interest rates available in Singapore: click here. Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you

曾淵滄-股市资讯专栏 03.10.2014--港股因占中而回落,中国股市反而造好
Discovered on 3 Oct 2014 at 3:46 am
Top Three Bank Savings Interest Rates
Discovered on 2 Oct 2014 at 11:30 am
Top Three Bank Savings Interest Rates We present Singapore's Top Three Bank savings interest rates (of local banks) to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Top Three Bank savings interest rates for 2014 are presented for personal information. We focus only on the top three local Singapore banks: DBS, OCBC, UOB banks. You should

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...

When Will Interest Rates Rise When QE3 Ends in October 2014
Discovered on 30 Sep 2014 at 11:30 am
When Will Interest Rates Rise When QE3 Ends in October 2014 So when will interest rates rise when QE3 ends in October 2014? QE3 refers to Quantitative Easing number three. Yes, there were 3 attempts; with the first QE1 that kicked off in 2008. QE, also known as the package of asset purchase and other measures in the USA, was meant to save the world from the Great Recession. The US Federal

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 ...

Singapore STI Blue Chip Highest Dividend Yield
Discovered on 28 Sep 2014 at 11:30 am
Singapore STI Blue Chip Highest Dividend Yield in Percent For a change, we present Singapore STI Blue Chip Highest Dividend Yield in Percent at Singapore Savings Account Rates. STI refers to Straits Times Index. The Straits Times Index (STI) comprises of 30 stocks listed on the Singapore Stock Exchange, ranked by market capitalisation and reviewed every six months. These STI stocks are

UOB 1.38% High Yield Account Promotion
Discovered on 25 Sep 2014 at 11:30 am
UOB 1.38% High Yield Account Promotion We present Singapore UOB 1.38% High Yield Account Promotion rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB 1.38% High Yield Account Promotion rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. UOB 1.38%

Standard Chartered Bank 1.25% Savings Account
Discovered on 24 Sep 2014 at 11:30 am
Standard Chartered Bank 1.25% Savings Account We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Standard Chartered Bank 1.25% Savings Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

直擊阿里掛牌 一度飈近5成
Discovered on 19 Sep 2014 at 6:12 pm
曾淵滄-股市资讯专栏 19.09.2014 -区域股市阻力重重,多加留意中国A股
Discovered on 19 Sep 2014 at 3:54 am
Alibaba plans expansion into US, European markets
Discovered on 15 Sep 2014 at 5:11 pm
曾淵滄-股市资讯专栏 05.09.2014 -哪些股可以乘着沪港通热潮而受益?
Discovered on 5 Sep 2014 at 6:16 pm
Property, Construction - Eyes on KVMRT 2
Discovered on 4 Sep 2014 at 11:12 pm
Annuity plans are just a function of compounded interest benefits
Discovered on 2 Sep 2014 at 7:29 am
Today I read an annuity benefit illustration on a brochure:40 year old male contributes 24,200 yearly for 5 years. At age 65, he receives $2,000 per month (non-guaranteed) till 85 with a lump sum maturity of $72,000 (non-guaranteed). Hence the total potential return is $552,000.The insurer has a track record of meeting its projection. Hence for simplicity sake, let’s assume above are guaranteed returns.At the onset, it sounds extremely attractive to me. I can have an income to complement my C...

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

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

My stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
曾淵滄-股市资讯专栏 22.08.2014-何时才是进场良机?
Discovered on 22 Aug 2014 at 3:53 am
曾淵滄教路 06.08.2014-恒指50年啟示 機會留給有現金的人
Discovered on 9 Aug 2014 at 7:02 am
曾淵滄-股市资讯专栏 08.08.2014-投资股票看长期,看基本因素
Discovered on 8 Aug 2014 at 4:05 am
CNMC Goldmine -Extracting economies of scale (CIMB)
Discovered on 5 Aug 2014 at 9:34 pm
曾淵滄專欄 06.08.2014:投資東亞攻守兼備
Discovered on 5 Aug 2014 at 4:59 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...

曾淵滄專欄 30.07.2014:贏錢要講心理質素
Discovered on 29 Jul 2014 at 4:54 pm
Temasek Holdings’ foreign investments
Discovered on 29 Jul 2014 at 6:47 am
Temasek Holdings' investments in Singapore
Discovered on 29 Jul 2014 at 6:45 am
10 wealthiest men in Singapore
Discovered on 26 Jul 2014 at 5:47 pm
曾淵滄-股市资讯专栏 25.07.2014 - 资金主力放于蓝筹股,低价股只可小炒怡情
Discovered on 25 Jul 2014 at 6:16 am
Changi Airport's plans for growth
Discovered on 23 Jul 2014 at 7:29 am
曾淵滄-股市资讯专栏 11.07.2014-总结上半年表现;看好香港地产股
Discovered on 11 Jul 2014 at 9:00 am
Leveraging by Pledging My Existing Investment Portfolio
Discovered on 9 Jul 2014 at 9:30 pm
Over the past 2~3 years, I have built up a "sizeable" unit trust investment portfolio with a bank. The funds I invested are mostly of moderate risk. While the prices did not appreciate very much, I have collected good dividend amounting to 4~5% steadily. Two weeks ago, my RM from the bank asked one of the financial consultant to run a "crisis simulation test" on my existing portfolio. The test was to see how my investment would have been affected by "Sub-prime crisis", "SARS crisis" and "Glob...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Newbie's IB Portfolio - Short Gold! OMG!!!!
Discovered on 26 Feb 2014 at 12:28 am
Ridiculous Initial Margins In IB For 2 Closed End Funds?
Discovered on 25 Feb 2014 at 12:02 am
Newbie's IB Portfolio - Interim February 2014
Discovered on 24 Feb 2014 at 7:38 pm
Newbie's IB Portfolio - Problems Encountered
Discovered on 20 Feb 2014 at 7:37 pm
Newbie's IB Portfolio - Inception
Discovered on 19 Feb 2014 at 8:26 pm
Bought Express Scripts (ESRX)
Discovered on 16 Feb 2014 at 7:43 am
Had my eye on this for a while; bought because it did not fall when the indexes corrected (22nd Jan to 5th Feb), and the correction is (hopefully) over:Bespoke Investment also notes that the Drugs and Biotech has been the strongest industry group since the start of tapering (mid Dec), and Healthcare is one of the strongest sectors in the February's post-correction bounce. Fundamentally:ESRX is the largest Pharmaceutical Benefit Manager in the US.  Their business is to act as a middleman betwe...

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

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

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

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

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

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

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

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

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

My Investment Portfolio (November 2013)
Discovered on 30 Nov 2013 at 8:55 pm
STI closed down to 3176 points by the end of November 2013. It was a lacklustre month for the S'pore market despite Dow hitting new highs. Low volume and lack of direction had been the characteristics of the local market this month. The Thai demonstration towards the end of the month had further dampened interest in the market.For this month, I have attended the following AGMs/EGMs/briefings - Southern Packaging, Jason Marine, F&N, Sunright, Sinopipe, Vicplas, Khong Guan, Mermaid, CSE Gl...

Managing a portfolio of 500+ stocks - The Process
Discovered on 11 Nov 2013 at 2:04 am
Dear all,How do you manage a portfolio of 500+ stocks?I think this question came out quite often during my conversation with many people out there and also comments on my blog postings. Therefore, I have decided to write this blog entry to response to some of the queries out there.Previously as a Test Development Engineer, I was required to run more than 3000+ regression test cases for my product across various platforms. Nobody asked me how I managed to do so and I was surprised that many pe...

My stocks portfolio - Oct 2013
Discovered on 3 Nov 2013 at 10:29 pm
31 October 2013
Discovered on 2 Nov 2013 at 5:10 am
The US politicians did not find a solution to raise the government debt ceiling on time and part of the US government was shut down for 2 weeks. The equity market reacted negatively to this. However when the politicians agreed on a temperary solution and the shutdown Wayang ended, market recovered immediately. The positive earning results of US corporation (and some SG companies) supported the market as well. As a whole STI ended in positive territory in October. STI closed at 3210.67 on 31...

My Investment Portfolio (October 2013)
Discovered on 31 Oct 2013 at 10:28 pm
STI closed at around 3210 points by the end of October 2013. Although it seems that STI had gained some ground this month as the US government shutdown issue had been deferred further, it is really a bad month for retail investors in Singapore. This is because of the meltdown of the penny stock segment of the market, mainly due to the trading curbs imposed by broking firms on the now infamous trio of designated counters. Chaos were witnessed by me personally at the cashier of a broking house,...

The UIS Story - The End Game?
Discovered on 24 Oct 2013 at 9:39 am
The UIS story first appeared in this blog at the following link:http://ghchua.blogspot.sg/2009/12/uis-story-closed-end-fund-vs-open-end.htmlA few years had passed and the majority shareholders request to liquidate the fund:http://infopub.sgx.com/FileOpen/UOB-A2013-109.ashx?App=Announcement&FileID=261029Is this the end game for UIS? Will minorities support the liquidation? Will it be able to liquidate close to NAV, considering there are other liabilities to take care of like liquidation costs,...

My stocks portfolio - Sep 2013
Discovered on 5 Oct 2013 at 11:41 pm
30 September 2013
Discovered on 4 Oct 2013 at 7:44 pm
“世事如棋局局新”. Whatever were affecting the stock market negatively in August, were suddenly seemed averted: Fed announced that they were not scaling back their bond buying as yet, USmilitary action against Syriawas hold back. So the market reacted to the good news positively and rallied.STI rose 94.95 points, or 3.13% in September. My share portfolio performed even better. Its value rose 5.24% (net of amount invested this month), almost recovered the losses in August. During the month, all my C...

My Investment Portfolio (September 2013)
Discovered on 30 Sep 2013 at 8:13 am
STI closed at 3167 points by the end of September 2013. It was a volatile month for investors. Markets had cheered as US decided to postpone tapering but worries about Europe political woes and US government shutdown towards the end of the month pulled back some of the gains.For this month, I have attended the following AGMs/EGMs/briefings - Fortune REIT, SGX, MIIF, GK Goh, Lian Beng, TEE International and China Sky.For my top 30 holdings, Guthrie GTS dropped out of the list as I have a...

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

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

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

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

My stocks portfolio - Aug 2013
Discovered on 5 Sep 2013 at 10:14 pm
My Investment Portfolio (August 2013)
Discovered on 31 Aug 2013 at 3:30 am
STI closed at 3028 points by the end of August 2013. It was a bad month for investors. Markets are worried not only on the volatile currency movements, Fed expected tapering but also US and some of its allies considering military action on Syria. Obviously, with so much bad news, markets had been sold down badly.For this month, I have attended the following AGMs/EGMs/briefings - China Animal Healthcare, Jubilee, United Engineers, Petra Food, Novo Group, Stamford Tyres, Elite KSB and Freig...

31 August 2013
Discovered on 30 Aug 2013 at 8:47 pm
August has not been a good month for stock investers in Asia. Fear that US will scale back their easy money policy soon and the treat of a US-lead UN military action in Syria rock the global stock market. Value of Rupee, Rupiah and Ringget depreciated in recent months Hot money flowing out of Asian emerging markets like Thailand and Phillippines. Alls these news are not good for stock market. China Minzhong was ambushed by a US short seller, whose report accused CMZ of fabricating customer re...

My stocks portfolio - Jul 2013
Discovered on 4 Aug 2013 at 11:14 pm
31 July 2013
Discovered on 1 Aug 2013 at 5:12 am
After falling for two consecutive months (May and June), the stock market stabilised and recovered in July. As the fear that Fed stopping easy money policy gets over, investors' confidence seems to return. STI recovered some losses in the month. At the end of July, STI rose 95.01 (3.02%) to close at 3245.45. My portfolio did not do as well as STI, its value only rose 2.26%. This is mainly due to poor performance of property related counters and some Reits. This month I bought some CapitaLand ...

My Investment Portfolio (July 2013)
Discovered on 31 Jul 2013 at 2:38 am
STI recovered to 3221 points by the end of July 2013. It was a decent month for investors as markets are more confident of the US recovery story. Also, back in S'pore, the numbers for economic data are decent and that supported the market as well.For this month, I have attended the following AGMs/EGMs/briefings - Far East Orchard, MapleTree Logistics Trust, Metro Holdings, Global Logistic Properties, MapleTree Industrial Trust, SIA Engineering, Azeus, MapleTree Commercial Trust, Bukit Semb...

Notes on GoodPack
Discovered on 5 Jul 2013 at 9:50 pm
Since I last looked at it, the profile of this company has changed a little.Note their financial year ends June. CashflowsHaving being leasing IBC's for the past few years, they have been able to generate free cashflows (yellow below):But from this year onwards, Capex will rise as they go back to buying IBCs. As of 3Q 2013 (May), they have already spent 102m on PPE.  Both OCBC and DBS-Vickers predicted higher capex for 2013 and 2014.:Balance sheet As of May 2013, total debt was USD 266m, off...

28 June 2013
Discovered on 30 Jun 2013 at 10:04 pm
The month June has been an unpleasant one. The global stock market was hit by news that US would scaled back the QE program and some bad news from China. Singapore market was not spared and went into correction mode. Some even fear the bear is back. Market corrected quite a fair bid, depite some rebounds in between. As at month end, STI drop 161 points, or 4.86% compared with end of May. The value of my portfolio dropped 4.04% in the month, almost in line with the index. As the market correct...

Still Waiting....
Discovered on 30 Jun 2013 at 4:16 am
After a 9 month rally: finally a pullback! Due to the Fed's comments on 'tapering'.  And something about China.My gut feeling is that this will probably be a 10-20% correction.  Don't think we reached the euphoria seen at the end of a bull market.  Maybe we get a *real* bear 1 or 2 years later.We are also in the twelfth year of a secular bear market, which usually last 12-18 years.  I must consider the possibility, however wrong it feels, that the secular bear is over, and its 1982 again.And ...

31 May 2013
Discovered on 31 May 2013 at 4:54 am
For many years, May has always been a month when I received big dividend, but at the same time suffered loss in share prices. So this year, when STI did well in the first half of the month, I thought: "Hmm...., finally this year is different." Then came the bad numbers from China and Mr. Market reacted adversely to it. Alas.. history repeated itself. Personally, I feel the sell down in the past few days was overdone. The market was waiting for a trigger to "correct" the run-up earlier. So whe...

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 ...

30 April 2013
Discovered on 30 Apr 2013 at 4:39 am
This month, US market seemed to perform pretty well, following some good corporate results. Not so for the local market. Corporate results was mix, and the ST Index was hovering up and down without a clear direction. Most of the months it stayed slightly below March closing, until the last week. Then it suddenly moved forwards to new high on the last few day, at a time when GDP forecast was revised downwards by some local bank. You ask me? I don't understand.As at today, STI closed at 3368.18...

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...

The Car Industry
Discovered on 13 Apr 2013 at 6:51 am
I like Volkswagen's branding, due to their ownership of multiple brands at different price points.Unlike Mercedes or BMW, for instance, who risk diluting their brand as the move downmarket to sell cheaper and smaller cars.  Or Toyota, who created an upmarket car, but can't quite break into the luxury market...because its still a Toyota.  Always a bad idea to have your branding based on a single name. Volkswagen have increased their European market share from 18% in 2005 to 24% in 2012, due ...

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 ...

28 March 2013
Discovered on 28 Mar 2013 at 4:51 am
Time really flys! Before one realises it, a quarter of the year has passed. Since it's a public holiday tomorrow, today is the last trading day of the month. The biggest news this month affecting the stock market must has been the banking crisis in Cypus. The worst seems to be adverted, but as the problem was not yet solved, it may come back again. With the news that this problem was somehow released, the equity market did quite well in the past few days. STI movement was somehow rangebound, ...

iWatch vs Swatch
Discovered on 25 Mar 2013 at 4:13 am
Apple's rumored iWatch would not be a watch, but a complement to an iPhone.  Probably some snap around bracelet, with a wireless connection to it.  With, for example: automatic passcode unlocking, NFC for automatic payments, help finding your lost phone, etc.Samsung has also confirmed they are also working on a watch.The Swatch CEO has come out to say that he does not think its a big deal.Yes, luxury mechanical watches and an electronic iPhone-complement device are different products, address...

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...

28 February 2013
Discovered on 28 Feb 2013 at 4:30 am
The bull that had run up quite lot since late last year appeared to be a bit tired this month. Renew worry on the European crisis dampened investor sentiment. The global stock market started to consolidate and doing some yo-yo. The Italy poll result didn't help the situation. STI went up and down, but somehow range bound. It settled at 3269.95, or 10.44 (.32%) lower than last month. Corporate results were mix, while banks did well, others lik SCI, SCM reported lower profit (and lower dividend...

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 ...

Secular Bear Markets - don't wait for another big crash
Discovered on 21 Jan 2013 at 8:14 am
I'm now waiting for a recession or bear market.   As an amateur doing this part time, the safest way is just to wait for a crisis, which seems to happen at least every ten years.   I dream the market drops 40%, like in 08, and I get to buy stocks on the cheap.  I'll probably be waiting a few years more.  From "The Great Super Cycle" by David Skarica:Since 1900, four secular bears lasting 15-20 yearsSecular bull starts when valuations are compressed: In 1949, S&P's PE ratio was 9.1, In 198...

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...

Prada
Discovered on 3 Dec 2012 at 4:47 am
3rd largest luxury handbag brand/company in the world.  For fashion and leather, the Prada brand had 2011 sales of 2b Euros, compared to:LV's sales of 8.7b (includes all LVMH's fashion and leather brands - Fendi, DKNY, Loewe, Celine and others - majority of sales are probably from Vuitton).Gucci's 3.1b (part of PPR). What do they do?In 1H12, 62% of their (company wide) sales were leather goods (excluding footwear), so we'll concentrate on that.  In Asia, I would say that all the 'fashio...

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...

Quick notes on Swatch
Discovered on 13 Nov 2012 at 7:39 am
1) Omega is trying to move upmarket, having:        - increased prices dramatically (~30 to 50%) in the past few years, with       - more marketing: Olympics and James Bond, and        - pulling stock from third party stores while relying on their own boutiques.  Who no longer give the expected 20% off MSRP.If successful, they will end up like Rolex: widely known to the general public as an expensive watch to buy when you've 'made it'.  Instead of 'the watch for when you cannot afford Rolex'....

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...

Because you're worth it
Discovered on 8 Sep 2012 at 9:42 am
L'Oreal is the largest beauty company in the world, selling a variety of different brands.Also owns a minority stake in Sanofi-Aventis - this is ignored here, all earnings are operational earnings.  Sales and ProfitabilityBy sales, the company is the largest in the world, closely followed by the beauty divisions of P&G and Unilever.  The other players, such as Ester Lauder, Avon have less than half their revenue.Notes on the categories:For P&G we are looking at 'Beauty' category: this excl...

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

Future is bright for Banyan Tree Holdings Limited
Discovered on 17 Aug 2012 at 1:06 am
Banyan Tree Holdings Limited is an investment holding company. It works in developing and managing hotels and spas in Singapore and abroad. It was started in 1994 and now caters in several segments such as hotel investment, hotel management, gallery operations, spa operations, design fees, property sales, golf course operations, resorts, design management and many others related in hospitality business. It is spread in more than five countries including China, Thailand, Indonesia, Seychelles ...

The Beauty Industry
Discovered on 12 Aug 2012 at 1:32 am
Want to look at beauty products because they are based on branding.  Unlike other supermarket products, such as tissues, cleaning detergent, or breakfast cereal - I've never seen a woman buy a generically branded beauty product.A quick look at the market, to get a feel for the products sold and the industry.Breakdown by CategoryAn estimated breakdown of the total beauty product market, from L'oreal's 2011 Annual Report: Some of these products, like toiletries, deodorants, nail polish, hai...

The Swatch Group
Discovered on 13 Jul 2012 at 4:27 am
Largest watchmaker in the world.  Provides a 'ladder of brands', from low end to high end:Swatch and Flick Flak: $30 to $100+ Hamilton and Tissot: Around $300 to $1500Longines: 1.5 to 3.5K per steel watchOmega: 3K to 8K: per steel watchBreguet, Blancpain, Glashuette Original: starting at 15KCompetes with Citizen/Seiko/Casio and many others at the low end, Rolex and Richemont in the luxury range, Richemont, LVMH and Independents in high end luxury. Segment breakdownHow much of their sal...

Richemont
Discovered on 12 Jul 2012 at 8:09 pm
Second or third largest luxury goods company in the world, after LVMH and PPR.  Sell mostly watches and jewelery.  Owns Cartier, Van Cleef and Arpels, IWC, Panerai, Jaeger-LeCoultre, A Lange & Sohne, Montblanc, Shanghai Tang and others.Its a holding company for the South African Rupert family's Luxury goods companies.  The CEO, Johann Rupert, owns 10% of the stock but has majority voting rights. Some Brand HistorySome scattered bits and pieces about their brands....to get a fee...

The Luxury Watch Industry
Discovered on 21 Jun 2012 at 8:20 am
Market SizeAs most luxury watches are Swiss made, we take the Swiss watch sales published by FH.  These are export prices; multiply by 2.5 to 3 to get the retail values. The numbers are not broken down into segments: the total covers everything from a million dollar handcrafted luxury piece to a $35 dinosaur watch.The hard luxury industry is highly cyclical - we have a 22% decline in 09:2011 export sales were 19.3b Swiss francs, or 16b euros.  Multiplying by 3 for retail price, gives 48b to...

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

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

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

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

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

2012 Q1 was a bull trap
Discovered on 31 May 2012 at 11:04 pm
The Year 2011 was indeed a difficult year for the financial markets. We had the earthquake, tsunami, US credit rating and Europe issues, etc. To cushion the fall in 2011 Q3, major economies intervened. The effects started to materialise in late 2011 Q4 as it takes time. Most of 2012 Q1 rally was spanned by the massive pumping of liquidity from major economies not forgetting from Japan and TWO (2)

2014 FIFA World Cup
Discovered on 31 May 2012 at 6:07 am
Since the last World Cup in 2010, it is widely rumored that Greece would emerge as champions in the 2014 FIFA World Cup. There’s somehow a twist to the World Cup. Instead of playing with a soccer ball, the players are kicking the can! Greece is widely rumored to reach the finals. In the Year 2010, they scored a goal allowing them to qualify the qualifying rounds. A goal is their first bailout


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