Investors' Blog Trackers | Value Investing @SG

Singapore's #1 Blog Tracker To Retail Value Investors & Traders For Singapore Investors.

Value Investing Bloggers This is an ongoing work we're embarking here to uncover some of the best blogs maintained by value investors and savvy investors living in Singapore; and perhaps all over the world! We have benefitted much from their learnings and these information are sourced directly from them in the hope that their messages gets propagated to all corners of Singapore.

Warning!

Smart value investors are long term investors and they exercise independant thinkings. DO NOT ASSUME accuracies in all the information published in the blog articles here. Do your own due deligences before investing your hard earned money.

You have been warned!

Snapshots from Value Bloggers:

September 2014
Discovered on 16 Sep 2014 at 5:55 am
.     STI = 3272.62 (-39.85) Stock Period EPS cts DPS cts Mkt Yield PE Div Breakdown Hong Leong Fin FY13 (Dec) 15.85 12.00 $2.650 4.528% 16.72 Interim 4ct ; Final 8ct SGX FY14 (Jun) 30 28 $7.150 3.916% 23.83 Q1, Q2, Q3 4ct ; Q4 4ct +12ct SingPost FY14 (Mar) 6.746 6.25 $1.730 […]

Starhub – OCBC
Discovered on 10 Sep 2014 at 9:54 am
Upgrade to HOLD on valuation Hit S$4.02 low recently Yield is more attractive Upgrade to HOLD   5% slide post 2Q14 results StarHub Ltd’s share price has seen a decline of as much as 5% after the telco posted a 6% YoY fall in 2Q14 earnings (still just 0.6% shy of our forecast), as well […]

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...

SingPost – DBSV
Discovered on 4 Sep 2014 at 10:05 am
What does postal hike mean? Received approval for 12-30% rate hike across domestic and international mail from 1st Oct 14; first hike in 8 years to mitigate cost increase Annual revenue to improve S$12m-16m but most of it will flow to the bottom line; our FY15F/16F EPS raised 3%/5% conservatively Maintain BUY with revised DCF […]

SingPost – CIMB
Discovered on 4 Sep 2014 at 9:44 am
A little help goes a long way SingPost will revise its domestic and international postage rates effective 1 Oct 2014, the first rate hike since 2006. This will help SingPost to cope with increases in labour costs, fuel prices and international settlement rates for outbound mail and partially offset its continued investments in the postal […]

August 2014
Discovered on 30 Aug 2014 at 10:01 pm
Results Announcement 5 Aug 14 : SingPost (Q115) – EPS 1.863ct vs 1.775ct (Q114) ; Div 1.25ct (no change) 5 Aug 14 : Starhub (Q214) – EPS 5.5ct vs 5.85ct (Q213) ; Div 5ct (no change) 11 Aug 14 : HLFin (Q214) – Annualised EPS 12.69ct vs 15.74ct (Q213) ; Div 4ct (no change) 12 […]

ComfortDelgro – DBSV
Discovered on 15 Aug 2014 at 8:41 am
Right on schedule 2Q14 in line; 1H forms 49.5% of our FY14F estimates, DPS of 3.75 Scts declared Expect stable growth to continue, aided by recent fare increases, ridership and acquisitions Share price trading at 1.5 std deviation above historical average Maintain HOLD, TP revised marginally to S$2.71 Highlights 2Q14 within expectations. 2Q14 net profit […]

Singtel – CIMB
Discovered on 15 Aug 2014 at 8:36 am
Singapore blues, Optus bliss SingTel’s 1QFY15 core net profit was below expectations, forming 22.1% of our full-year estimate (consensus: 23.0%). Associate earnings maintained its growth trajectory but came in lower vs. our forecast, largely due to the steep depreciation in the rupiah yoy. Elsewhere, Singapore came in weaker, dragged by higher cost, but this was […]

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...

Singpost – DBSV
Discovered on 7 Aug 2014 at 10:18 am
Reap 3.5% yield till it takes off Net profit of S$39.2m (+5% y-o-y) was in line; excluding one-off gains, net profit would have been stable at S$36.2m. Interim dividend of 1.25 Scts was in line. Net profit was impacted by S$4m developmental costs for e-commerce and also a temporary increase in labour costs till sorting […]

Starhub – Maybank Kim Eng
Discovered on 6 Aug 2014 at 10:40 am
Mobile star dimming 2Q14 results below, revenue guidance cut. Downgrade our least preferred telco to HOLD from BUY. TP cut to SGD4.44 (DCF, WACC 7.8%). Sharp slowdown in mobile revenue growth as fall in voice/SMS offset data growth. Broadband’s revenue free fall unlikely to end soon.   Below expectations 2Q14 profit fell 6% YoY as […]

SIAEC – Maybank Kim Eng
Discovered on 31 Jul 2014 at 10:33 am
Wings clipped; Cut to SELL Downgrade to SELL with a revised TP of SGD4.20, based on 20x FY3/15E P/E, as short-term outlook turns challenging. Sinister signposts: A decline in heavy maintenance workload after recent expansion in the Philippines, and a persistent weakness in shop visits for its Rolls-Royce engine shops. Management has turned bearish on […]

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...

Investing is about Swaping Cashflows
Discovered on 23 Dec 2013 at 9:55 am
If we strip down to the bare basics of investing, it is swapping today's money for tomorrow's cashflows (or future cashflows). So, you buy a stock at $100 today. What you actually want is that the stock can generate more than $100 in terms of future cashflows into perpetuity. The goal of value investing is then to determine how much all these future cashflows is worth today, and pay a lower price (at least 30% lower). So in theory, if you can accurately calculate that the value of all the fu...

Swatch’s Everything (including Serina Wee)
Discovered on 12 Dec 2013 at 3:04 am
The first Swatch post started in Sep 2012. After 15 months and 8 posts, I am still not done! It’s a marathon competition against the City Harvest trial to see who can last longer. But City Harvest would win the popular vote I guess, with Serina Wee, Singapore's prettiest accused criminal. All Singapore straight guys are just jumping around and can’t wait to see her strut down Supreme Court again in January. But, this blogger would not go down without a fight to win the popularity contest.Here...

Parents vs Education System
Discovered on 29 Nov 2013 at 8:58 am
A discussion on Singapore's education system will almost always come face to face with kiasu parents. The logic goes like this: Yes Singapore's education system is not perfect. We have teachers that keep leaving to become private tutors because they actually get the pay they deserved teaching at Learning Lab, the elite enrichment school. And enjoy the work they do i.e. teaching. Not like now, where public school teachers are doing a bunch of ECAs and other unrelated stuff like preparing a vis...

5 Things You Need To Know About Investing
Discovered on 21 Oct 2013 at 10:24 am
I have always wanted to write something about investing incorporating some well known statistics which I think every investor should know. Only then we can appreciate how the value philosophy will help us win this complicated game. Well, though first we have to define what the definition of winning is:Winning, in my opinion, is to generate a long term annual return that is higher than the market return. The market is usually defined by an index like the Straits Times Index or the Hang Seng In...

Ms. Market
Discovered on 8 Oct 2013 at 10:23 am
This post is rehashed from an old post written many, many years ago.The father of value investing, Ben Graham, likes to describe the market as a person who is always ready to buy or sell you a part of his business, but the problem with him is that he is very emotional. And when I say emotional, I don't mean that Taiwanese actress Liu Xue Hua shedding one teardrop from her left eye over some bloke. (kudos to you if you actually know who is Liu Xue Hua).So what's very emotional? Picture yoursel...

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

How To Squeeze More Value From Your Housing Loans
Discovered on 16 Sep 2014 at 9:01 pm
After working with banks all these years, I have learned one important thing about them. Banks are most approachable and helpful when they want you to borrow from them, not when they want you to pay them back. In other words, they lend you the most when you need them the least. So my advice [...] Related posts: Getting the most out of housing loans More distressed mortgages What games can tell us about success ?

The One Time Market Outlook, Stock Selection Seminar by Ronald K - 23rd September 2014
Discovered on 16 Sep 2014 at 8:22 pm
With the recent stock selection and outlook I posted on my blog, everything that I said or mentioned had all materialized with pin point like accuracy. From the Capitaland, Genting, Noble to DBS, all the stocks' bearish outlook that I gave, it all collapsed and sunken immediately with hidden selling took place first followed by selling. Coming next week, I am going to conduct a market outlook session where I will start sharing another batch of power counters for longing/shorting. For this one...

Scaling In is not the same as Averaging Down
Discovered on 16 Sep 2014 at 7:52 pm
Scaling in is simply the building up a core investment or sizable trading position through a series of entries. It’s usually practiced by those who have been humbled by the market and realised they are not so great at picking tops and bottoms. By spreading their entries, they hope to get a reasonably good average entry price [...] Related posts: Average Down versus Scaling-In versus Dollar Cost Averaging 2013 BigFatPurse – Year in Review Trader vs Investor

Tea with Ms. Y: 3 points to share with fresh graduates.
Discovered on 16 Sep 2014 at 7:06 pm
A regular reader graciously agreed to contribute a guest blog and here it is: I'm very honoured to have AK71 request for a guest blog post from me. I would like to share some of my experiences and hope that people would benefit from these. 1. Get... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Passive Income Update: August 14
Discovered on 16 Sep 2014 at 7:03 pm
On 31 July, the STI reached a year high of about 3,370 points. The STI had appeared to be catching on to the US stock market’s meteoric rise in the past two year. It seemed like a matter of a few weeks before the 3,400 mark would be breached and a possibility that it could surge past the [...] Related posts: Passive Income Update: February 14 Passive Income Update: March 14 My Stocks Portfolio Rationalization Revealed: Part 1

“How’s Harry doing?”
Discovered on 16 Sep 2014 at 3:26 pm
Castro* was asking Xi Jinping, earlier this yr when Xi visited Cuba. He went on,”S’pore’s an exemplar for our way of doing things, a one-party state that is economically successful. According to leading Cambridge economist, Ha-Joon Chang, The country is usually known for its free trade policy and welcoming attitude towards foreign investments, but it has […]

The First Step is Always The Hardest
Discovered on 16 Sep 2014 at 1:14 pm
Today, I received an email from a reader of my blog. His questions were very good, and so I’d thought I share it, but however keeping his identity secret of course! Let’s refer to him as Reader A. Now, he shared with me that his monthly allowance was $400 which I believe is the average [...] Related posts: Is There An Optimal Amount Of Emergency Funds To Keep? A special chest for emergency funds. How Big Should Your Emergency Fund Be?

Lion AsiaPac: A Subsidiary of Lion Group
Discovered on 16 Sep 2014 at 11:39 am
In this post, I would be explaining my suspicion regarding Lion AsiaPac. However, all views are purely my own opinion. When we first discovered Lion AsiaPac in 2012, it was a classic case of Graham-style net-net stock, where it was trading at approximately 45% discount to NCAV. Back then, with our limited knowledge, Lion AsiaPac [...] Related posts: Cash: Can one have too much? How The Lion King show has to do with stocks? SGX ends "designation" of three stocks Blumont, Asiasons Capital and ...

Financial Interview with Planner Esther
Discovered on 16 Sep 2014 at 10:48 am
Dear Readers, I am starting an interview series on my blog with the target audience comprising not only financial professionals, famous personality but also YOU! Yes, you hear it right, YOU, the reader of Singapore Stocks Investing (SSI). The rationale is simple, Singapore Stocks Investing is not just about Tom K (me) sharing my financial [...] Related posts: Interview with B of "A Path To Forever Financial Freedom" Blog Interviews with retail investors series Interview with Little Boy of "L...

Are Australian Properties Marketed Truthfully to Singapore Investors?
Discovered on 16 Sep 2014 at 8:56 am
By Property Soul (Guest Contributor) A journalist from The Sydney Morning Herald contacted me in mid-June to find out more about the recent trend of Singaporeans snapping up Australian properties. The article, “Singaporean investors hungry for a piece of the Australian housing market“, was finally published in the paper on July 26, 2014. It is […]

Housing loans – What to choose and what happens to your loans when interest rates goes up?
Discovered on 16 Sep 2014 at 6:42 am
There are many loan packages to choose from when you buy a house in Singapore. HDB provides concessionary interest rate to eligible flat buyers at 0.1% above the CPF ordinary account rates. It is currently at 2,6%. But, with the low interest rates environment, banks are offering very attractive low interest rates packages from as [...] Related posts: Refinancing: Comparing Home Loans Take your time to pay down your HDB housing loan. OCBC 360 Account Offers Incredible Interest Rates of over 3%

The Pitfalls of Crowd Funding
Discovered on 16 Sep 2014 at 2:24 am
Crowd funding sounds good in principle and is generally a good concept that allows the community to select the investments instead of just relying on institutions such as funds and banks. However, like any other investments there are risks involved. Crowd funding is basically raising funds for a project from a lot of people globally, [...] Related posts: Where can you get funding if you are a first-time entrepreneur More Money, Less Stress Funding Your Child’s University in the Future?

Put yourself to the test: the Property Financing Quiz
Discovered on 16 Sep 2014 at 1:46 am
How knowledgeable are you with housing loans? Do you know enough about TDSR? How good are you in negotiating with the banks? Dare to challenge yourself by taking a short 10-question quiz? 1. Please refrain from checking the answers in the internet. No cheating please! 2. Participant with the highest score stands the chance to [...] Related posts: Property Financing and TDSR Framework Education Seminar Why is the ease of Total Debt Servicing Ratio (TDSR) restriction disappointing Post-event r...

Singapore Stock Market – Is It The Start Of The Downward Trend?
Discovered on 16 Sep 2014 at 12:50 am
Yesterday, Singapore’s STI down about 1% (33 points). As at this afternoon (16th Sep), STI down about 24 points and went below the 3,300 line to 3,287.65. Is it a sign of the beginning of the downward trend? Of course, no one know for sure but as per what I’ve answered one of the prominent blogger’s (Ah [...] Related posts: Daily Market Opinion for 14-Jan-2014 Market View & Consumer Property Expo 2014 Daily Market Opinion for 05-Feb-2014

Ascendas Hospitality Trust: A nibble.
Discovered on 15 Sep 2014 at 11:45 pm
This is a business trust which Solace, a guest blogger, and I discussed for a while. This business trust owns hotels in Australia, China, Japan and Singapore. Unlike rental income from industrial, commercial or residential properties, for examples, a hotel’s income is less stable. It has a strong element of seasonality. As most of Ascendas Hospitality Trust’s properties [...] Related posts: Croesus Retail Trust – More than 10% dividend yield! Croesus Retail Trust: Overnight BUY order filled....

STI - Break Down Further
Discovered on 15 Sep 2014 at 11:21 pm
STI broke down further after my before market call at 8:54am on my blog.http://stockmarketmindgames.blogspot.sg/2014/09/sti-broke-down-with-compelling-force.htmlSellers just won't stop their selling towards lower prices to come!!Ronald K - Market Psychologist - The Big Speculator

Top 4 Online Income Streams [List]
Discovered on 15 Sep 2014 at 10:58 pm
We are in the 21st Century aka the online era. There are multiple ways that we can tap on the internet world to generate multiple online income streams. Yes, I treat stock investment as one of the online method as we can buy/sell with just a few clicks in our laptop/mobile devices. As part of my “Top x [...] Related posts: 5 Ways to Create Passive Income My Retirement Planning Project 2013 – SGD 51 K per year passive income ? Have I perverted the term passive income

Nobel - Broke Down , Big Sellers and Married Deal at 3,000,000
Discovered on 15 Sep 2014 at 10:53 pm
Noble suffered a heavy sell down after my early morning call at 9:16am!!http://stockmarketmindgames.blogspot.sg/2014/09/noble-group-verged-of-breaking-down.htmlThere was a huge 3,000,000 married deal done together with that 1,200,000 shares sold down, indeed the market reacted to my call because before the BBs made their movement, it was already posted on my blog. Before the 3,000,000 and 1,200,000 shares being recorded in the time and sales, I already saw that coming through. Reading the min...

Market News In 2 Minutes @ 16th September 2014
Discovered on 15 Sep 2014 at 9:28 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 In 2 Minutes” for [...] Related posts: Market News In 2 Minutes @ 30th August 2014 Market News In 2 Minutes @ 16th July 2014 Market News In 2 Minutes @ 23rd May 2014

Capitaland - Suffering Selling
Discovered on 15 Sep 2014 at 8:52 pm
Capitaland continued it's sell down to 3.2/3.21 after my blog post yesterday! Sellers commanding! Congrats to those who shorted. Capitaland broke down further! 3.18!!http://stockmarketmindgames.blogspot.sg/2014/09/capitaland-gap-down.htmlRonald K - Market Psychologist - The Big Speculator

Daily Market Opinion for 16-Sep-2014
Discovered on 15 Sep 2014 at 8:39 pm
Daily Market Opinion for 16-Sep-2014 Fear struck the market again yesterday. Market players were speculating on the possibilities of US interest rate hikes during the Fed meeting for tonight and tomorrow. STI started the week lower with a gap down action. This opening was holding firmly above 3330 level for most of the day. But [...] Related posts: Daily Market Opinion for 11-Sep-2014 Daily Market Opinion for 26-Aug-2014 Daily Market Opinion for 10-Sep-2014

Noble Group - Verged of Breaking Down
Discovered on 15 Sep 2014 at 8:16 pm
Noble is on the verged of breaking down. Watch closely. On another note, I realized Noble and Genting had the same operator! Wow, amazing break down!Students booked some $$ on DBS with just 2 lots and made $500 yesterday! Good work!!!Ronald K - Market Psychologist - The Big Speculator

STI - Broke Down With Compelling Force
Discovered on 15 Sep 2014 at 7:54 pm
STI broke down yesterday after all the profit taking and weak buying. This is the first time that it recorded a -33.08 loss after many many months and to me that spells trouble in the near term. So for now, the game plan is on the bear side rather than looking opportunities on the long side. In fact, yesterday when I posted about the bearishness in DBS before the -33.08 down in STI, I knew it's time that the market would start to have a breakdown or DBS would not have broken yesterday. This i...

Alibaba plans expansion into US, European markets
Discovered on 15 Sep 2014 at 5:11 pm
Not traumatic to see mum semi-naked on screen mei?
Discovered on 15 Sep 2014 at 3:18 pm
Can’t stop laughing at Kong Hee’s attempt to explain why why Sun Ho hadn’t returned to the US to minimise losses to the church: City Harvest Church (CHC) founder Kong Hee choked up a few times on the stand on Thursday as he told the court how investigations into financial irregularities at the church had […]

A chance to win a $15,000 start-up fund!
Discovered on 15 Sep 2014 at 11:42 am
Here is a chance to win a $15,000 start-up fund. Yup, that is what the GRAND PRIZE WINNER at the end of the contest period wins! 10 others will also be given the opportunity to have interview sessions with successful ladies from top... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

BullionStar: India’s June Gold Import Highest in 12 Months
Discovered on 15 Sep 2014 at 9:34 am
Below is an article from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. BullionStar was established in 2012 after Singapore government exempted investment grade precious metals from the goods and services tax (GST).  Despite the fact the new Indian government, led by Narandra Modi since May, hasn’t [...] Related posts: News from BullionStar: take advange of Gold’s correction! Why Singaporeans should invest in gold bullion BullionStar:...

Singapore Property Weekly Issue 173 now out
Discovered on 15 Sep 2014 at 9:10 am
In this week’s issue: Are Australian Properties Marketed Truthfully to Singapore Investors? Singapore Property News This Week Resale Property Transactions (August 27 – September 2) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 173

Dyna Mac - Cut Loss Quick, Suffer Less
Discovered on 15 Sep 2014 at 6:57 am
Last Friday I gave a bullish call in the SOMM Club and thereafter, something went wrong in Dyna Mac. When the price suffers 1 pip down, I saw some hidden selling and immediately, I posted a bearish outlook on that stock so that clients don't cut loss more than 3 pips. So we longed and we cut at the same day which avoided the reactions we are witnessed today!Ronald K - Market Psychologist - The Big Speculator

DBS - Sellers Changing Hands, Price Sold Down
Discovered on 15 Sep 2014 at 6:18 am
This morning I gave a bearish DBS call. On my blog I said and quote: "DBS chart is bearish at the moment. It's right at the top with hidden selling taking place last Friday. When the market opens at 9:00am, it will start to suffer reactions followed by selling. We shall see."http://stockmarketmindgames.blogspot.sg/2014/09/dbs-toppish-with-hidden-selling.htmlIndeed after market opened, hidden selling took place followed by massive reactions and obvious selling towards the end of the day.Not on...

Revision of trading strategy, plan & mindset = Revival of portfolio
Discovered on 15 Sep 2014 at 5:00 am
Hi all! As per the previous post I posted today (Bulking my portfolio with OCBC BCIP and Oanda FX), you would have already know that I have boosted my total investment into my Forex Account as I now have gotten more confident in making it one of my sources of income. Trading has been one of my interests since [...] Related posts: Bulking my portfolio with OCBC BCIP and Oanda FX My Investment Strategies Ninja Master Fund – Interim Results

A quick look at LMIR’s new deal. Is it a good deal?
Discovered on 15 Sep 2014 at 4:17 am
Some numbers first. Total dilution assuming 40.5 cents for consideration shares and after placement of new shares (EFR shares) = 16.7% Improvement in NPI using 2013 numbers: 33.6 mio / 143.3 mio =  23.4% Improvement in Distributable Income using 2013 numbers: 19 mio / 73 mio =  26% Occupancy rate = 92.8% Note: It is [...] Related posts: Lippo Mall Indonesia Retail Trust Fundamental & Technical Analysis How sustainable are the current Medisave-Approved Private Plans Random thoughts: A delusio...

I reaped 33% profit margins in Singapore stocks today
Discovered on 15 Sep 2014 at 3:59 am
In my earlier post here  I shared with readers how I am going to move into another stocks strategy. With this strategy I bought into one stock on 12 Sep 14 and this morning, I initiated a sell on this stock. My sales order was effected and I reaped a nice 33% profit margins on [...] Related posts: Penny stocks speculation How will Singapore stocks perform next? SGX Singapore stocks markets reform: possible effect on investors

Soilbuild REIT: A nibble.
Discovered on 14 Sep 2014 at 10:51 pm
I blogged about Soilbuild REIT slightly more than a year ago. It did badly during its IPO and I said that, already having a huge exposure to industrial properties S-REITs then, I was not interested even as its unit price declined to 70c. At the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Capitaland - Gap Down
Discovered on 14 Sep 2014 at 9:58 pm
Capitaland gap down today after all that hidden selling, profit takings and distribution! I made a bearish call on Capitaland on Sep 10th on my blog and yes, today the sellers finally showed their true colors!http://stockmarketmindgames.blogspot.sg/2014/09/capitaland-due-for-selling.htmlhttp://stockmarketmindgames.blogspot.sg/2014/09/capitaland-down-1-pip.htmlRonald K - Market Psychologist - The Big Speculator

Genting SP - Top Volume With Sellers Selling Now
Discovered on 14 Sep 2014 at 9:11 pm
Genting is selling like hot cakes now! Sellers were so commanding and buyers were afraid to take a long position. Be alert!!http://stockmarketmindgames.blogspot.sg/2014/09/thaibev-genting-sp-sellers-prevail.htmlhttp://stockmarketmindgames.blogspot.sg/2014/09/genting-sp-sellers-throwing.htmlRonald K - Market Psychologist - The Big Speculator

Genting SP - Sellers Throwing
Discovered on 14 Sep 2014 at 8:27 pm
The sellers in Genting were just too fierce, they are continuing their throw down as of now as per speculated yesterday! So when is it the right time to go long for this counter? I am watching closely for that turn.http://stockmarketmindgames.blogspot.sg/2014/09/thaibev-genting-sp-sellers-prevail.htmlRonald K - Market Psychologist - The Big Speculator

DBS - Toppish With Hidden Selling
Discovered on 14 Sep 2014 at 7:38 pm
DBS chart is bearish at the moment. It's right at the top with hidden selling taking place last Friday. When the market opens at 9:00am, it will start to suffer reactions followed by selling. We shall see.Ronald K - Market Psychologist - The Big Speculator

Thanks Yacoob, Ms Koh
Discovered on 14 Sep 2014 at 4:10 pm
If I were the people featured in “To S’pore With Love”* and the film maker, I’d be sending flowers and fruit to Yaacon and Ms Koh Lin-Net the CEO of MDA, as a token of my appreciation, cause nothing could have created more interest in the film than banning it.  (To be ppedantic, it seems  the […]

Maybank SaveUp Account Rates
Discovered on 14 Sep 2014 at 11:30 am
Maybank SaveUp Account Rates We present Singapore Maybank SaveUp Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Maybank SaveUp Account Rates: First S$3,000 0.1875% p.a.. Next S$47,000 0.25% p.a. Remaining balance above S$50,000 0.3125% p.a. Singapore savings account rates for 2014 are presented for personal information

ThaiBev, Genting SP - Sellers Prevail
Discovered on 13 Sep 2014 at 11:20 pm
ThaiBev after Friday's red bar, it looked as though sellers appeared where buyers found it hard to support this counter. Although the selling was not fierce but it's definitely something that needs extra notice and caution. In the near term, I expect ThaiBev to suffer some reactions first before distribution up occurs at the top.Another counter worth noticing and cautious is Genting SP, it had been sold down continuously since I posted and warned about sellers last month! The closing of last ...

PM talks cock about “private” sector
Discovered on 13 Sep 2014 at 5:57 pm
The private sector-led, Government backed Guangzhou Knowledge City (GKC)* is a good model for future Singapore-China projects, said Prime Minister Lee Hsien Loong on Friday (Sep 12). … Mr Lee said he was happy with the progress, six years after he first discussed the project with provincial leaders … the private sector-led GKC is a […]

Two questions we should ask when buying investment properties.
Discovered on 13 Sep 2014 at 9:37 am
We always hope to make money from our investments and this could happen through capital gains, regular income or both. Knowing our motivations for being invested will go a long way in determining what are suitable investments for us. It is well... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SPDR S&P 500 ETF (SPY) : Short Vertical Call Spread
Discovered on 13 Sep 2014 at 12:20 am
Technical Analysis & Fundamental Analysis S&P500 rejected at 2000 historical high and SPY rejected at 200. Technically it looks like SPY is going through a correction with short term price target at 190 (Up Trend Channel Support and also the … Continue reading →

Hen, JosT, GraceF: Money, money, money
Discovered on 12 Sep 2014 at 11:56 pm
I tot of the three ministers when I read: WSJ Wealth Advisor’s Veronica Dagher explains in an article and accompanying video that “core expenses” for a family of four in Chicago – like an $850,000 mortgage on a $1.2m house, $24,000 a year in property taxes, $25,000 in home maintenance and $30,000 in groceries – […]

Equity mkts: India, Indonesia & Pinoyland looking gd/ Don’t forget S’pore
Discovered on 12 Sep 2014 at 3:34 pm
Examining recent price trends, India has stabilized in dramatic fashion following its dismal performance in 2013.  With superior demographics, a skilled work force, and pro-business leadership, India could prove to be an excellent growth engine over the coming decade.  However, investors should also bemindful of the higher than normal price volatility and look to hold […]

Dyna Mac - Price Suffers Selling
Discovered on 12 Sep 2014 at 6:59 am
Price continues to suffer heavy selling and towards the End of Day, it dropped to 0.445/0.45. So what's next for Dyna Mac and the overall market? I will share more outlook next week and who knows I will share a good counter for punting on the short side instead of long? Stay tune. :)http://stockmarketmindgames.blogspot.sg/2014/09/dyna-mac-avalanche-of-selling-in-min.htmlhttp://stockmarketmindgames.blogspot.sg/2014/09/dyna-mac-prop-trading-strategy.htmlRonald K - Market Psychologist - The Bi...

Dyna Mac - Avalanche of Selling in Min Chart
Discovered on 11 Sep 2014 at 11:10 pm
Dyna Mac is currently experiencing an avalanche of selling in the min chart! The sellers are sparing no one who comes into their way. Look at the time and sales, selling after selling! Is my 1 pip important? Absolutely yes! I am glad I mastered the skill of hidden buying/selling!!!Ronald K - Market Psychologist - The Big Speculator

Bonds, REITs and the instant gratification of yield.
Discovered on 11 Sep 2014 at 10:30 pm
The message that inflation is eroding our wealth because the banks here offer such measly interest rates for our savings has become quite pervasive. I am sure that the message has been good for sales in some industries too as many more people are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dyna Mac - Prop Trading Strategy
Discovered on 11 Sep 2014 at 10:21 pm
Yesterday Dyna Mac is not in Top Volume as you can see from the captured of the Top Volume as of yesterday. Then last night at 9:56pm, I blogged about the appearance of a stock that will appear in Top Volume with price rising. So what stock was that? It was Dyna Mac! In fact, I shared it during my LIVE trading yesterday with a group of clients!http://stockmarketmindgames.blogspot.sg/2014/09/top-volume-capture-tomorrows-running.htmlThere was hidden buying in Dyna Mac and so I loaded 200 lots a...

Genting Singapore - Sellers Slamming Prices
Discovered on 11 Sep 2014 at 8:13 pm
Genting is experiencing a sell down at the moment. During the Stock Operation Preview last Tuesday, a public asked me about the outlook for Genting and my answer without looking at the chart was it's coming down. From 3 days ago to now, indeed, the prices got slammed down real hard. Be alert on this counter!Ronald K - Market Psychologist - The Big Speculator

Roy Ngerng and the “swing voters”
Discovered on 11 Sep 2014 at 4:02 pm
Without agreeing that I’m a despicable worm (I readily admit I’m smug), this TRE’s poster goes on to explain why Roy is a dangerous distraction: swing voters will be turned off by his antics. Market operator: August 2, 2014 at 8:05 pm (Quote) @trust et al @ rotten papayas I agree with you guys – CI […]

Top Volume Capture - Tomorrow's Running Counters
Discovered on 11 Sep 2014 at 8:56 am
One stock as captured in this Top Volume will continue to run tomorrow and another one not in Today's Top Volume will also run then appear in the Top Volume with price rising. I will post my trade record once the trade is done. For those who are interested to join me next Tuesday for the Stock Operation Preview and know the next hot stock like what I posted in the SOMM Club this morning, you can register below:http://stockmarketmindgames.blogspot.sg/2014/09/thaibev-million-shares-snapping-and...

When is it OK to be nice and unhappy?
Discovered on 10 Sep 2014 at 11:12 pm
Recently, I had a chat with a reader till about 1.30am in the morning. It was on the topic of insurance. Mind you, I wasn't giving any advice. I am not allowed to and I know it. We were just bouncing ideas off each other, she said, and she overheard... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ThaiBev - Million Shares Snapping and Changing Hands
Discovered on 10 Sep 2014 at 10:03 pm
As I was watching the 8:59am pre open market, I selected Thai Bev to all SOMM members today for them to make $$. Within minutes after my call, indeed, the stock shot up like to 0.755/0.76 now. I am glad some took $$ while some holding. We shall see how this counter play out.http://stockmarketmindgames.blogspot.sg/2014/09/top-volume-captured-golden-859am.htmlRonald K - Market Psychologist - The Big Speculator

Top Volume Captured - Golden 8:59am
Discovered on 10 Sep 2014 at 8:18 pm
This is the golden 8:59am captured of the Top Volume. I am watching closely one of the counters here. Let's watch and monitor closely. It's too good not to be missed!Ronald K - Market Psychologist - The Big Speculator

Sun Ho: Why Hollywood, not Taiwan pop?/ Wrong Indon adviser or wrong god?
Discovered on 10 Sep 2014 at 3:17 pm
Why Hollywood, not Taiwan pop? Kong Hee said the idea for using Sun Ho’s “talent” for singing to save souls arouse because she converted people in Taiwan through her singing. So why didn’t she launch a career based on the potential audience in Taiwan? Something that Stephanie Sun has done successfully. After all, as Stefanie […]

Singapore Property News This Week #172
Discovered on 10 Sep 2014 at 8:29 am
Residential More seniors eligible for Lease Buyback According to Minister for National Development Khaw Boon Wan, the government is looking into making the Lease Buyback scheme more flexible. Previously, 35 per cent of elderly HDB households benefit from the Lease Buyback scheme, but with recent revisions, an expected 75 per cent of elderly HDB households […]

Get VVIP discount at condo launch!
Discovered on 9 Sep 2014 at 10:11 pm
We always see things like "early bird discounts" or "VVIP discounts" when there are new condominium projects here and although I am not saying that they are all just a lot of hot air, I think that it is only prudent that we take claims like these... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Capitaland - Down 1 pip
Discovered on 9 Sep 2014 at 9:07 pm
Capitaland down 1 more pip after my blog post!http://stockmarketmindgames.blogspot.sg/2014/09/capitaland-due-for-selling.htmlRonald K - Market Psychologist - The Big Speculator

Capitaland - Due for Selling
Discovered on 9 Sep 2014 at 8:24 pm
Watching the Top Volume and Scanning the chart for Capitaland, it may be due for some selling. The stock is currently in the Top Volume now with hidden selling near the top. Do note that this stock is tricky as it gets so be alert. A good time will beat a good price anytime. While most focus on what price to enter and what price to take profit/cut loss, I focus on the best time to enter and exit. Watching closely for a bearish short.Ronald K - Market Psychologist - The Big Speculator

Stock Operation Preview - 16th September 2014
Discovered on 9 Sep 2014 at 7:37 pm
I am counting down to the final few seats left for the October 18-19 Stock Operation Course. Here, I would like to thank all those who signed up for their support and I will do my very best to educate and assist you in making $$. Today market will be red and after all that range bound, finally we will see selling today. I don't think it's good to chase. A wiser choice is to watch for a perfect timing.I will continue to hold the Stock Operation Preview next week for those who wants to find out...

“Are you satisfied with your government?” Juz do an indie survey leh
Discovered on 9 Sep 2014 at 4:00 pm
“The Ozymandias Parade”, by Edward Kienholz and Nancy Reddin Kienholz, depicts the dehumanising effect of propaganda. A military president wears a mask that carries the answer to a poll carried out in whichever location the work is shown. “Are you satisfied with your government?” goes the question.  http://www.economist.com/blogs/prospero/2014/09/tenth-gwangju-biennale Wonder what would be the answer here?* […]

Property Valuation: Common Misconceptions about Rental Yield
Discovered on 9 Sep 2014 at 8:29 am
By Gerald Tay (guest contributor) Net Rental Yield (NRY) is a fundamental concept in the real estate industry. Yet, it is often misunderstood and sometimes incorrectly used. This post will take a deep dive into the concept of NRY, and also clear up some common misconceptions: Price versus Value Definition of Net Rental Yield (NRY) […]

Emergency funds: Have joint savings accounts.
Discovered on 8 Sep 2014 at 11:55 pm
Someone wrote to me and said, "Even with passive income, your representative will have to wrestle to get your affairs settled.  This takes both time, effort and even some muscle power.  My greatest fear is being poor and going to bed hungry. My... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Starburst - The Quick Breakout
Discovered on 8 Sep 2014 at 9:06 pm
As I was watching the stock Starburst and posted my bullishness on my public blog yesterday, the stock had some form of momentum earlier ago. Today, before it breakout to 0.72, a call was given to all members in the SMMG Club before the breakout and immediately, the stock rose and had a heavy breakout in the minute chart. Some were fast and booked $$ fast while some were still riding. Whatever it is, for those who loves fast $ can look to book while for those who prefer a longer ride can do a...

Whole life insurance, universal life insurance and investing.
Discovered on 8 Sep 2014 at 7:30 pm
This blog post is actually a reply to Kenneth Chua, who left very thoughtful comments regarding how whole life insurance has worked for him: here. Since not many readers visit the comments section, I thought I should bring the comments section in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

What the king of Morocco can teach our PM
Discovered on 8 Sep 2014 at 3:36 pm
Or “Why PM shld send PAP, civil servants study teams to Morocco”) S’pore we have been told can learn from other cities, our very well paid ministers told us a few months ago when S’pore was hosting a global conference on cities.. Well maybe a visit to the capital of Morocco can teach them how […]

Singapore Property Weekly Issue 172 now out
Discovered on 8 Sep 2014 at 8:57 am
In this week’s issue: Property Valuation: Common Misconceptions about Rental Yield Singapore Property News This Week Resale Property Transactions (August 20 – August 26) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 172

Dyna-Mac - One Long Bar
Discovered on 8 Sep 2014 at 4:09 am
Just got home and happen to see one long green bar for Dyna-Mac. I recalled it was in the Top volume earlier in the morning and then suddenly it shoot up like a rocket! While everyone was giving up on this counter, the buyers suddenly came in at 2:30pm+ to sweep up the shares and soon, there was a follow through of another buyers for this counter!On another note, Starburst up another pip to 0.715!http://stockmarketmindgames.blogspot.sg/2014/09/starburst-up-0705-071.htmlRonald K - Market Psyc...

Time to analyse Breadtalk's ... mooncakes!
Discovered on 8 Sep 2014 at 1:28 am
Got a pleasant surprise from the organisers of InvestX Congress. I met them at the MRT station near my office during lunch time and this was what they gave me: I guess this is what I will be having for my tea breaks this week. Thanks,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ICICI Bank Singapore Hisave Savings Account
Discovered on 7 Sep 2014 at 11:30 am
ICICI Bank Singapore Hisave 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. ICICI Bank Singapore Hisave 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. ICICI Bank

Videos on reaching 55 and what is CPF Life?
Discovered on 7 Sep 2014 at 5:00 am
Actually, the CPF Board have some very good videos but very few people actually watched them. Two videos available since 3 weeks ago, one titled "Reaching 55" and another titled "CPF Life", have been viewed online barely 1,500 times and a bit more... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Buying term life insurance: Sharing some lessons.
Discovered on 7 Sep 2014 at 1:45 am
I received this email in response to a guest blog (see related post at the end of this blog): Hi AK, On your latest blog on term insurance, you write that $50 a month can get  fresh grads $500K coverage. I am not sure if you meant to have CI... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore REIT Fundamental Analysis Comparison Table – 7 Sept 2014
Discovered on 6 Sep 2014 at 9:58 pm
FTSE ST Real Asset Investment Trust (FTSE ST REIT) Index changes from 764.31 to 775.28 compare to last post on Singapore REIT Fundamental Comparison Table on Aug 7, 2014. The index is trading above  200D SMA  and still consolidating within a range between 760 … Continue reading →

Eldershield: What does it shield us from?
Discovered on 6 Sep 2014 at 9:10 pm
Often, we meet really nice people in life. Sometimes, we meet really nice people who might even influence the way we think. One such person for me is a fellow blogger, LP, and he is the blog master of Bully the Bear. A few years ago, I was wondering... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Straits Time Index (STI): On Up Trend
Discovered on 6 Sep 2014 at 5:39 am
Singapore Straits Time Index (STI) is currently trading in an uptrend channel. All 3 moving averages are trending up steadily. Immediately support is at 3,300. 200D SMA support is at 3,200. Original post from My Stocks Investing Journey.

Consider terminating whole life insurance policies.
Discovered on 6 Sep 2014 at 5:00 am
An exchange with a reader inspired this short blog post. My dad who is almost 70 recently told me that he was trying to reduce his expenses and he asked if he should still pay almost $500 every quarter for his one and only whole life insurance... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Term life insurance: Why buy term? How big a sum should I buy? How long a term should it be? How much does it cost?
Discovered on 5 Sep 2014 at 7:01 pm
A reader shares his wisdom: Before we discuss about how much insurance to get, we must first understand what insurance is all about. Insurance is (1) a risk management tool (2) to transfer the financial risk of catastrophic events to the insurer... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

曾淵滄-股市资讯专栏 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
No free lunch (or dinner) but what about mooncakes?
Discovered on 5 Sep 2014 at 12:28 am
Recently, I had a mission in town and, so, I had to have an "atas" dinner in town: Rice with stir fried vegetables, chye poh egg and sweet sour fish. Price? $4.00. Not too bad. There is less expensive food in town too, I am glad to say. Now,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Property, Construction - Eyes on KVMRT 2
Discovered on 4 Sep 2014 at 11:12 pm
Singapore Property News This Week #171
Discovered on 4 Sep 2014 at 7:39 am
Residential Development charge rates for private residential land lowered The development charge rates for non-landed residential use fell by an average of 1.6 per cent from 25 August to 30 August. According to an analysis by JLL, this is the first time since March 2012, that there is a drop in the average development charge […]

Investing for income: An important element.
Discovered on 4 Sep 2014 at 2:01 am
Wah! So much mail from the broker! AK must be trading a lot! I receive quite a few emails from readers. Among them, some are encouraging and some are depressing. I usually share the more encouraging ones here in my blog but not the depressing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Capitaland: Rebound from 50D SMA Support
Discovered on 3 Sep 2014 at 7:54 am
Capitaland rebounded from 50D SMA Support with Three Inside Up reversal candlestick pattern. Up trend still intact and price target of 161.8% FR is still valid. See previous post of Capitaland.

6 Key Considerations When Buying into an Older Development
Discovered on 3 Sep 2014 at 7:38 am
By SG Proptalk (guest contributor) So you are on a budget and desire a home with an interior living space that is much larger than what new condominium projects can offer these days. Your current option, other than moving to Iskandar, is to look at apartments in an older development. By “older”, the wife and […]

How to size our more speculative positions?
Discovered on 3 Sep 2014 at 12:01 am
I have shared before that it is OK to gamble a bit once in a while. I said so during InvestX Congress and during the recent sharing session with Sean Seah and his friends too. I am Chinese and gambling is in my blood. It's not my fault that I am... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Stock Market Indices PE Ratio At a Glance (2 Sept 2014)
Discovered on 2 Sep 2014 at 8:53 am
Market Indices PE Ratio for Major Stock Exchange globally. US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOPSI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Average PE ratio decreases … Continue reading →

Singapore Property Weekly Issue 171 now out
Discovered on 2 Sep 2014 at 7:49 am
In this week’s issue: 6 Key Considerations When Buying into an Older Development Singapore Property News This Week Resale Property Transactions (August 13 – August 19) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 171 by Propwise.sg

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...

Boeing (BA): Rejected at 200D SMA
Discovered on 2 Sep 2014 at 7:00 am
Technical Analysis:  Rejected at 200D SMA with bearish engulfing candlestick reversal pattern. Expect to move in bearish direction to the next support of $120. Medium term range bound between $120 and $130. Fundamental Analysis: Trade Setup Strategy: Short Term Directional … Continue reading →

Croesus Retail Trust: Acquisition of ONE'S MALL.
Discovered on 1 Sep 2014 at 9:52 am
I had expected some form of equity fund raising and although I was hoping that it would be a rights issue, I was not surprised that a private placement has been chosen instead. It is more expeditious, after all. However, it does not mean that I am... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

If our income is $3K a month, we could get a 6.6% raise!
Discovered on 31 Aug 2014 at 11:30 pm
People sometimes wonder if it takes a lot of time to prepare food to bring to work. It surprises people to find out that actually it could take very little time. It is very easy to cook oatmeal and to make sandwiches, for examples. It could... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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...

BEA Singapore Latest Savings Account Rates
Discovered on 31 Aug 2014 at 11:30 am
BEA Singapore Latest Savings Account 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. Bank of Eash Asia BEA Singapore Latest Savings Account rates for 2014 are presented for personal information. You should re-confirm BEA Singapore Latest Savings Account Rates before you invest your

My stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
How much term life insurance should a fresh graduate have?
Discovered on 30 Aug 2014 at 7:10 pm
I don't know if it is a trait of Asian families but it seems that there are certain topics related to money which are taboo. I know my family generally don't like to talk about death and insurance, for example. Maybe, it is considered inauspicious... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Accordia Golf Trust: A hole in one.
Discovered on 29 Aug 2014 at 3:15 am
I bought more this morning when the counter broke out of resistance: In the afternoon, I closed my positions: What if the unit price were to go higher? I would congratulate those who are still holding. Won't I feel any regret? I might... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Accordia Golf Trust: Blood in the golf course.
Discovered on 28 Aug 2014 at 8:49 pm
Regular readers know that I do a bit of trading and that I like to look when there is blood in the streets. What about blood in golf courses? I am impartial. Just a dash of technical analysis and a dose of luck. Immediate resistance is at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Croesus Retail Trust: 4Q FY2014 DPU improved as expected.
Discovered on 27 Aug 2014 at 11:30 pm
In May this year, I made an estimate on Croesus Retail Trust's possible forward yield. That was when DPU seemingly took a dip after the purchase of 2 malls. At the time, I said that: In the quarter April to June 2014, the 2 newly acquired malls... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Property News This Week #170
Discovered on 27 Aug 2014 at 9:07 am
Residential Revised URA guidelines limits cluster housing development In recent years, residents have raised concerns about overcrowding in areas such as Toh Estate and Telok Kurau Estate. With more developers building homes in these areas, problems such as traffic and parking congestions were brought up. To ease overcrowding concerns in some of these landed estates, […]

Understanding, Measuring and Comparing Rates of Return in Property Investing
Discovered on 26 Aug 2014 at 8:55 am
By Gerald Tay (guest contributor) I’ve received feedback, both positive as well as negative, on my previous article Property Valuation – Money Not Math. In that article I explained how many investors are playing guess work with their investments because they fail to understand how to get their yields right. I heavily criticised the current […]

Company Warrants Expiring in 2014 - Actions Needed
Discovered on 26 Aug 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...

Singapore's Best 5% Savings Account Rates
Discovered on 24 Aug 2014 at 11:30 am
Singapore's Best 5% Savings Account Rates In this post, we share our Little Red Dot's highest savings account rates of 5% per annum. For a savings account (NOT a fixed deposit), this 5% p.a. payout is too attractive for any Singaporean to miss. So we present Singapore's Best 5% Savings Account rates to help you make your money work harder for you at Singapore Savings Account Rates in

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
Indian Bank Singapore Branch Deposit Rates
Discovered on 18 Aug 2014 at 11:30 am
ICICI Bank Hisave 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. ICICI Bank Hisave 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. ICICI Bank Hisave Savings Account

Singapore REIT Bubble Chart: Value Selection & Risk Avoidance
Discovered on 16 Aug 2014 at 6:51 am
Bubble chart derived from Aug 7 Singapore REITs Fundamental Comparison Table. These Bubble Charts are used to show the “relative” position compare to other Singapore REITs. Two visual bubble charts to pick and avoid: Undervalue Singapore REITs with High Distribution Yield … Continue reading →

US Stock Market Monthly Sector Performance Aug 12-2014
Discovered on 13 Aug 2014 at 5:34 am
Monthly Sector Performance Leading Sectors: Nil Lagging Sectors: XLI, XLU   YTD Sector Performance Leading Sectors: XLV, XLK, XLU Lagging Sectors: XLI, XLY YTD Sector Chart

IREIT Global IPO Balloting Result
Discovered on 13 Aug 2014 at 3:20 am
Trading debut: IREIT Global joins Mainboard after $370m IPO Its public offer was more than 7 times subscribed. The Singapore Exchange today welcomed IREIT Global, its first office REIT focusing only in properties in Europe. This comes after an IPO … Continue reading →

Global Stock Market Indices PE Ratio At a Glance (12 Aug 2014)
Discovered on 12 Aug 2014 at 2:45 am
Market Indices PE Ratio for Major Stock Exchange globally. US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOPSI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Average PE ratio decreases … Continue reading →

Standard Chartered 1.88% Bonus Saver Promotion
Discovered on 11 Aug 2014 at 12:00 pm
Standard Chartered 1.88% Bonus Saver Promotion We present Singapore Standard Chartered 1.88% Bonus Saver Promotion rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Standard Chartered 1.88% Bonus Saver Promotion for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

UOB Golden Jubilee 1.2% Savings Promotion
Discovered on 11 Aug 2014 at 11:30 am
UOB Golden Jubilee 1.2% Savings Promotion We present UOB Golden Jubilee 1.2% Savings Promotion to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB Golden Jubilee 1.2% Savings Promotion 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.

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
2014 Highest Savings Account Rates- August
Discovered on 8 Aug 2014 at 11:30 am
2014 Highest Savings Account Rates- August We present the 2014 highest savings account rates August in Singapore for you this National Day. This is 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

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
POSB 1.5% pa Savings Account Rates
Discovered on 4 Aug 2014 at 11:30 am
POSB 1.5% pa Savings Account Rates 1.5% p.a. when you top-up your savings account. We share good news on POSB 1.5% pa Savings Account Rates specials today in 2014. How to qualify for POSB 1.5% pa Savings Account Rates : Top-up your savings account by 31 August 2014 to get POSB 1.5% pa Savings Account Rates. Register for the promotion by 31 August 2014. Maintain the total top-up amount

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...

Maybank Singapore Dollar Fixed Deposit Promotion 2014
Discovered on 3 Aug 2014 at 11:30 am
Maybank Singapore Dollar Fixed Deposit Promotion 2014 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. Maybank Singapore Dollar Fixed Deposit Promotion 2014 rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these

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
曾淵滄專欄 03.07.14:何時加息 考起儲局
Discovered on 2 Jul 2014 at 4:46 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...

曾渊沧博士-股市资讯专栏 27.06.14物流业是未来新宠?
Discovered on 27 Jun 2014 at 9:26 am
曾淵滄專欄25.04.14:炒股贏錢全靠耐性
Discovered on 24 Jun 2014 at 4:17 pm
曾淵滄專欄 24.06.14 : 大市急插撈貨有法
Discovered on 23 Jun 2014 at 4:47 pm
曾淵滄教路 21.05.14 歐洲推行負利率 股未必受惠
Discovered on 20 Jun 2014 at 5:48 pm
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...

曾淵滄教路 14.05.14 路氹擁大量土地 銀娛可趁調整吸納
Discovered on 16 Jun 2014 at 5:46 pm
曾淵滄教路 30.04.14-管理需求 不增供應 樓價還是壓不低
Discovered on 16 Jun 2014 at 8:44 am
OCBC 360 Account
Discovered on 15 Jun 2014 at 12:30 pm
OCBC 360 Account We present Singapore OCBC 360 Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Read about a 1.5% p.a. interest payout for a savings account in Singapore. Singapore OCBC 360 Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your

曾渊沧博士-股市资讯专栏 13.06.14 -宜暂离股市,安心看世界杯吗?
Discovered on 13 Jun 2014 at 5:25 pm
曾淵滄專欄 13.06.14:雙馬概念炒味十足
Discovered on 12 Jun 2014 at 5:06 pm
Riverstone -Global leader in the high barriers-to-entry (UOBKH)
Discovered on 8 Jun 2014 at 6:52 pm
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...

UOB SRS Interest Rates
Discovered on 11 May 2014 at 12:00 pm
UOB SRS Interest Rates We present Singapore UOB SRS Interest rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB SRS Interest Rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. UOB SRS Interest Rates are subject to

OCBC Frank Account
Discovered on 4 May 2014 at 1:00 pm
OCBC Frank Account We present Singapore OCBC Frank Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore OCBC Frank Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. OCBC Frank Account Details : = 0.20% to

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 ...

UOB Wealth Premium Account
Discovered on 20 Apr 2014 at 11:30 am
UOB Wealth Premium Account We present Singapore UOB Wealth Premium Account rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore UOB Wealth Premium Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. UOB Wealth Premium

CPF Money Interest Rate
Discovered on 13 Apr 2014 at 12:00 pm
CPF Money Interest Rate We present CPF Money Interest Rate to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore CPF Money Interest Rate for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates. CPF Money Interest Rate (01 Jan 2014 to 31 Mar 2014) (reviewed quarterly)

Maybank PremierOne Account
Discovered on 6 Apr 2014 at 11:30 am
Maybank PremierOne 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. Rates are subject to change without prior

Singapura Finance Fixed Deposit Rates
Discovered on 1 Apr 2014 at 11:30 am
Singapura Finance Fixed Deposit 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 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. Rates are subject to change without

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....

Best SRS Account Interest Rates
Discovered on 30 Mar 2014 at 9:39 pm
Best SRS Account Interest Rates We present Best SRS Account Interest Rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Best SRS Account Interest Rates In Singapore: Interest rates for SRS accounts are same as for Basic Savings Account for the top three local banks in Singapore. Read More: Best 2014 Singapore savings account interest rates

DBS eMySavings Account
Discovered on 23 Mar 2014 at 12:00 pm
DBS eMySavings 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. DBS eMySavings Account + (eMSA+). This is a savings account that gives you a savings reward¹ of 1.5% p.a. on the amount you save each month! What’s more, you can also enjoy these benefits: Product Benefits:

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...

Average Banks Saving Deposit Rates in 2013
Discovered on 16 Mar 2014 at 11:30 am
Average Banks Saving Deposit Rates in 2013 We present Average Banks Saving Deposit Rates in 2013 in Singapore to help you make your money work harder for you at Singapore Savings Account Rates in 2014. Singapore Average Banks Saving Deposit Rates in 2013 are presented for personal information. Average Banks Saving Deposit Rates in 2013 by Month: Period / Banks Saving Deposits 2013

Hong Leong Finance Fixed Deposit
Discovered on 9 Mar 2014 at 11:30 am
Hong Leong Finance Fixed Deposit 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. Hong Leong Finance Fixed Deposit : Fixed Deposit Amount Interest Rates (p.a.) 3-month S$50,000 to < S$500,000 = 0.70% Singapore savings account rates for 2014 are presented for personal

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...

Singapura Finance Blue Sky Junior Savers
Discovered on 2 Mar 2014 at 10:30 am
Singapura Finance Blue Sky Junior Savers 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. Singapura Finance Blue Sky Junior Savers: •Savings Deposit (%p.a Monthly Interest): 0.2500% p.a. •Passbook account. •Higher interest-bearing account for children below 15 years of age. •Minimum

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
State Bank of India (Singapore) Checkplus Account
Discovered on 23 Feb 2014 at 10:30 am
State Bank of India (Singapore) Checkplus 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. State Bank of India (Singapore) Checkplus Account Balance Tier (SGD) Interest Rate (p.a.) 0 – 2,999.99 0.15% 3,000 – 9,999.99 0.20% 10,000 – 49,999.99 0.25% 50,000 &

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
BOC SGD Savings Account Interest Rates
Discovered on 16 Feb 2014 at 10:30 am
BOC SGD Savings Account Interest Rates We present Bank of China (Singapore) BOC SGD Savings Account interest 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. SGD储蓄存款利率 BOC SGD

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...

Bank of East Asia Passbook Savings Account
Discovered on 9 Feb 2014 at 10:30 am
Bank of East Asia Passbook 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 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. Bank of East Asia Passbook

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...

My stocks portfolio - Jun 2013
Discovered on 3 Jul 2013 at 10:26 pm
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...

My Investment Portfolio (June 2013)
Discovered on 30 Jun 2013 at 12:59 pm
STI was sold down to 3150 in June 2013. It was another bad month for investors as markets are worried about bad loans in the China banking system, in addition to the usual worry of interest rate hike. High yielding liquid stocks like REITs and stocks with exposure to China are targets of major sell down. Also, the haze and news of a contractor for MRT project being in financial stress had caused some of the construction stocks to be hit as well.For this month, I have attended the following...

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 ...

Company Warrants Expiring in 2013 - Actions Needed
Discovered on 7 Jun 2013 at 9:38 pm
I need to remind myself all the outstanding company warrants that are expiring in 2013 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.TRANSCU W130109, Expiry Date: 9 Jan 2013, Exercise price = $0.04, Conversion ratio 1:1 - Warrants expired worthless.PANASIAN W130111, Expiry Date: 11 Jan 2013, Exercise price = $0.08, Conversion ratio 1:1 - Warrants expired worthless.ERATAT EW130111, Expiry Date: 11 Jan 2013,...

My stocks portfolio - May 2013
Discovered on 3 Jun 2013 at 9:05 am
My Investment Portfolio (May 2013)
Discovered on 31 May 2013 at 11:48 pm
STI retreated in May 2013 to close at 3311. It was a very nervous month for investors as volatility in Japanese stock market, worries about Fed cutting back its bond purchases etc dominated market news.For this month, I have attended the following AGMs/EGMs/briefings - Tee International, Petra Food, Jacks International, Ascendas Hospitality Trust, Ascott REIT, Low Keng Huat and Straits Trading.For my top 30 holdings, the big mover had been Bonvests as I added more into the stock. Transpa...

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 ...

My stocks portfolio - Apr 2013
Discovered on 1 May 2013 at 12:30 am
My Investment Portfolio (April 2013)
Discovered on 30 Apr 2013 at 11:54 pm
STI gained more ground in April 2013 to close at 3368.18. Liquidity plus selective buying of blue chip counters had meant that STI keep hiting new highs. For this month, I have attended the following AGMs/EGMs/briefings - OSIM, M1, FSL Trust, Sing Holdings, SP Corp, Sabana REIT, Challenger, Keppel REIT, CapitaCommercial Trust, CapitaMall Trust, Colex, Tuan Sing, Keppel T&T, Wheelock Properties, Pan Pacific Hotels Group, UOL, GK Goh, IFS, Raffles Medical Group, Food Empire, ST Engineering, A...

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 ...

My Investment Portfolio (March 2013)
Discovered on 31 Mar 2013 at 9:52 pm
STI gained further ground in March 2013 to close at 3308 points. This despite news of financial turmoil in Cyprus and North-South Korean tensions. However, markets do end in the lower trading range at the end of the last week in March.For this month, I have attended the following AGMs/EGMs/briefings - MIIF, Datapulse, United Engineers, QianHu, Sakae Holdings, China Fishery, GP Industries, Sinwa, YHM and Gallent Venture.For my top 30 holdings, Hotel Grand Central re-entered the list aft...

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 ...

31 January 2013
Discovered on 3 Feb 2013 at 7:54 pm
The stock market got onto a good start this year with STI powered to 3,280, or up 3.58% in January. Investors worldwide seem to have shrugged off their concerns and got on to a risk-taking mode. Recent datas from US and China also gave investor confident a boost. My portfolio performed even better than STI in January. Its value rose 5% in January, due to price movement of some mid-cap counters. I did my first sell trade this year and sold off Union Steel shares. I bought some Yangzijiang shar...

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...

31 December 2012
Discovered on 31 Dec 2012 at 9:11 pm
December turned out to be a good month for the stock market. Though US fiscal cliff problem is still hanging and the European situation not getting better, the stock market remained quite calm and the indices rose in quiet sessions. STI continues its upward movement and ended the year at 3167.08 , 3.16% higher than last month. My portfolio did not do as well as STI. As at 31 Dec, the value only increased by 3.12%. In the month of December, I bought some shares of Popular, and got cambride IT ...

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...

SGX My Gateway November Highlights
Discovered on 3 Dec 2012 at 3:04 am
(Repost - My Gateway Updates)Today marks the first session of December which is scheduled to see a total of 18 full sessions and two half sessions, with stock market closures on 25 December in addition to the afternoons of 24 December and 31 December. Securities trading on Christmas Eve and New Year’s Eve will be from 9.00 am to 12.30 pm with the Closing Routine from 12.30 pm to 12.36 pm. Looking at the month of November, the STI appreciated +1.04% in price, with some dividend distributions b...

30 November 2012
Discovered on 30 Nov 2012 at 4:33 am
The month November started with stock prices plunging after the US presidential election. The fear of fiscal cliff send the global stock prices south. Market somehow stablizes toward the end of the month with the hope of politicians finding a compromise for it. The "Olam - Muddy water" did not have big effect on other counters. At the end of the month, STI recovered the lost ground and ended 1.04% higher than last month. My portfolio did not do as well, rose just 0.67% in the month. I bought ...

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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31 October 20
Discovered on 1 Nov 2012 at 5:18 am
At the beginning of October, someone speculated if there would bea big plunge of share prices in this month, as there had been similar incidents in October in the history. Fortunately, nothing serious happened. This October was a quite month for equity market. Investors may be waiting for the result of US presidential election. Daily price movement of stock prices has been slow. At the end of the month, STI dropped 22 points (0.72) to end at 3038.37. My portfolio did slightly better. Its valu...

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...

Leading manufacturer of Bakery Items
Discovered on 11 Aug 2012 at 11:04 pm
Introduction: BreadTalk group is one of the largest bakeries in Singapore established in 2000. It has expanded hugely in the past and now caters in three categories which are bakery, restaurant and food court. It deals with the supply and manufacturing of bakery food, confectionery and drinks. By the end of December 2011 Company had started 76 new outlets and this made the total number of outlets owned by the company in 471. Out of the 76 new outlets started with the company 24 are owned and ...

Enormous growth for Sheng Shiong Group
Discovered on 8 Aug 2012 at 11:13 pm
Introduction: Sheng Shiong Group is one of the largest supermarket chains in Singapore. Sheng Shiong is over S$628.4 million in revenue for year 2010 and has reported a net profit of S$7.0 million till the Q2 which ended on June 30. They have stores located in the retail locations of Singapore and are designed to provide wide shopping options to their customers. To support their retail operations they have in-house systems such as warehouse facilities, food processing and distribution network...

Starhill Global REIT
Discovered on 3 Aug 2012 at 11:14 am
One of the major real estate investment trusts based in Singapore is known as Starhill Global REIT. It got listed on Singapore exchange securities trading limited in September 2005. Trust is mainly investing in real estate which is being used for office and retail purposes.  At the time of listing, it had only two huge properties in Singapore. Although it is a Singapore based trust, its investment is not confined to Singapore as it has started acquiring properties in other countries as well. ...

Sheng Shiong Store Locations
Discovered on 29 Jul 2012 at 9:00 pm
How many stores does Sheng Shiong have in Singapore.  Well, take a look at this list:Location(Address)/ Lease Expiry / Area in sq ftBlk 52 Chin Swee Rd #01-25 Singapore 160052  31-Jul-12 4,477Blk 301 Punggol Central #01-01 Singapore 820301 30-Sep-12 6,878Blk 6A Woodlands Centre Rd #01-280 Singapore 731006 31-Oct-12 41,441Blk 845 Yishun St 81 #01-186 Singapore 760845  31-Oct-12 8,977Blk 258 Pasir Ris St 21 #01-333 Loyang Point Complex Singapore 510258 15-Nov-12 5,952Blk 122 Ang Mo Kio Ave 3 #0...

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...

Luxury Watches for Beginners
Discovered on 15 Jun 2012 at 8:41 am
The watch industry is confusing to newcomers.  So many big words, countless brands to choose from...and why do some pieces sell for 2K and others sell for 20K?  When you buy a watch, what do you look for? And what are you paying for?  Also useful for when I look at listed watch companies later.   Price SegmentsSee this link for the different price segments.Scarcity is the main thing determining which segment a brand is in.  For example, the high end luxury brand "A Lang...

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

Dips vs Bear Markets
Discovered on 8 Jun 2012 at 10:00 am
From "Is the Bear Around the Corner?" by Jon D. Markam.How often does a 10% midyear "correction" go lower to become a 20%+ bear market, and what happens if it does?From 1928 there were 24 10% drops - a bear market occurred only 1/3rd of the time (7 times), but for those, the S&P lost an average of an additional 38% For those bear markets, after the initial 10% loss, the maximum rebound averaged +8.3% (before going south again). His summary: ...

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

Short Notes on Air Asia
Discovered on 2 Jun 2012 at 9:20 pm
BT, May 17th 2012, S JayasankaranQuick points:At a time when full service carriers, incl. SIA, have begun registering losses, AA 'defied' industry trends to register 12% yoy in raw passenger traffic to 4.8m for Malaysia operations.Revenue-Passenger-kilometer (RPK) grew 9%, partially from shorter average stage length.  Maintained 80% load factor. Foreigners hold 51% of the stock - most foreign held company on KLSE.Impending listing (May...what happened?) of AA's 49%-owned Thai unit should cut ...

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

Declines in Asian Bank, Property Stocks Yield Rich Dividends
Discovered on 30 May 2012 at 2:06 am
The above headline is extracted from CNBC. Pause. (While you are reading the headline thru the hyperlink generated). Hyperlink - fixed; There were amendments to the original title and hence the link!What comes into your mind? Think out of the BOX? There are several (many, in fact) that crosses my mind. I like to post, just two points that cross my mind.First of all, many would agree that the

Sun Tzu Art of War
Discovered on 30 May 2012 at 12:09 am
Most of us have heard of SUN Tzu. There was a ‘rumour’ Sun Tzu wrote a script on the Art of War. After his era, kings, prince, emperors, etc were searching for the script. Eventually the script was found. One of Sun Tzu’s knowledge was related to understanding the weather. You may have heard how he used the weather to his advantage to win his battles (544 BC - 496 BC) during the Warring States

Greece needs more than an AMD
Discovered on 29 May 2012 at 4:44 am
AMD is a medical term for Advance Medical Directive. As the name implies it is an advance of a medical directive in the event the individual is depended on a life support system. I hope most of you had been informed by your financial planner that there exists an AMD in Singapore.  Currently, there is no cost to planning an AMD. The cost of not knowing/planning/executing an AMD is the financial


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