Given the price weakness of my core (only) 2 holdings, I have decided to accumulate Hyflux Preference shares (avg weighted 93.50) and Penguin Holdings (21.1 lots at 0.23 cents). It will be interesting to see how it goes, my thinking or Hyflux is that redemption is likely, while for Penguin, it’s P/B ratio is rather low despite negative earnings. This allows a huge margin of error and upside in the event of liquidation.

 
What I am eyeing
 
One of my old favorites, Silverlake Axis, has fallen back to levels which I had purchased at in 2015. You can read my old coverage on the company.
Only one event has changed for SIlverlake post 2015 – 1) Disposal of GlobalTech shares. It is definitely a positive event but to me, I will like to know how much is intended for repayment of Silverlake”s growing debt and the …