Shares & Derivatives
Year End Review – OCBC, Semb Corp Industries & 2828.HK
By StockBrokerPlaysPoker  •  November 30, 2014
Over the last few years, I have learnt to focus on just a few good ideas a year. As I mentioned before, I tend to follow a style of focus and I often only hold 3-5 stocks in my portfolio, which is vastly different from other full time investors who may diversify into 20 or more holdings. For this year my 3 main ideas were OCBC, Semb Corp Ind and the China Market. Lets review them one by one. In the beginning of the year I wrote about how cheap banks were and OCBC was trading at around $9.30. It was one of the most hated blue chip due to its announcement of the Wing Hang Bank acquisition, investors were fearful of a potentially large rights issue. Valuations were insanely cheap! I was expecting them to make around 90 cents per share, so at close to 10 times earnings ......
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By StockBrokerPlaysPoker
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