Author: A Path to Forever Financial Freedom (3Fs)

Geo Energy – Continuation of Perceived Weakness in The Near Future

Geo Energy is one of the top leading coal producers which has presence all across Indonesia.What the company does is actively to seek new acquisitions to grow and increase the number of existing coal reserves they have while controlling the production of their coals during periods where coal prices are weak. Recent M&A is very accretiveTheir recent announcement for the acquisitions of PT Titan Global Energy is a testament that they are expanding the geographical lead presence in different parts of Indonesia by looking for cheap M&A where they can both did accretive acquisitions and at the same time...

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Nov 19 – Portfolio & Networth Update

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Ho Bee Land        300 2.33              700.00 1.00% 2. Warchest       100,000.00 99.00% Total       100,700.00 100% We are 2 months away from closing the year so I thought I’ll update this early. The portfolio has never looked “cleaner” than what it is today but I guess given so many involvement I am in the second half of the year with all the things going on and the recent few bad trades (see below), I am tempted to regroup going into 2020. Shorts...

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Why I Think OCBC Q3FY19 Profit Results Are Going To Fall Double-Digit Percentage YoY

UOB announced its Q3 results this morning which gives a big hint of what is to come for the other two banks. The drop in NIM and increase in NPA is worst than expected, and if not for the loan growth segment in the Singapore that helps, it might look like a worsen Q3. OCBC is scheduled to announced its results on the 5th Nov (Tuesday morning) before the start of market trading. This is 5 reasons why I think OCBC Q3 FY19 profit results are going to fall double-digit in terms of percentage year on year. 1.) Net...

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We Bought A New Home

After months of intensive research on the residential property sectors, my wife and I have decided to proceed with purchasing our second property here in Singapore. Just yesterday, we’ve submitted the cheque, went to the lawyer and signed everything that we needed to settle. We’ve never previously thought of the idea that we’d be buying a second home, especially in an expensive country like Singapore where private property was rated the second most expensive in the world according to a report from CBRE (source article here). Why Buy Now? But we were bounded by circumstances, in particular the fact...

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6 Reasons Why DBS Is Prime For Shorting

DBS is scheduled to be the last bank among the 3 giants to announce its Q3FY19 results on the 11th November 2019. The other two banks will report on 1st Nov (UOB) and 5th Nov (OCBC) respectively. As some of you might know, I have a short-sell position for DBS in my earlier October Portfolio Update and have since more than tripled my position further in DBS in the past recent days. Here are 6 reasons why I think DBS is prime for shorting, especially in the build up for the next few weeks / months. 1.) SIBOR Rates has...

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8 Key Takeaways From SPH FY2019 Results

SPH announced its’ Full Year 2019 earnings this evening after market-hours. Here are some of the key takeaways from the results: 1.) Print & Media Business Disappoints Again Revenue for the traditional media business declined by $78.9m from $655.8m in FY2018 to $576.9m in FY2019, which translates into 12% down year on year.Revenue contribution from print advertisement and circulation are down to $68m this year, which is approximately 12% down year on year.The only saving grace is the digital advertisement revenue segment which shows growth year on year of $1.5m (6%), though not significant enough.At $576.9m revenue for the...

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6 Reasons Why I Think DBS’ Report On Singtel Is Overly Bearish

I am writing this in a response to an article from DBS which caught everyone’s attention regarding the likelihood that Singtel may cut its dividend for the first time in 20 years from FY2021 onwards. If you have not read the article, you can read it here. In the article, the analyst drew from the thesis that Singtel might have to cut its “unsustainable” dividend payout to 13 ~ 15 cents/share mainly due to the increasing capex requirement from the 5G spectrum roll-out, the declining mobile users and deteriorating regional associates performances, which is mainly attributed to Bharti and...

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My Experience Using Redbrick Mortgage Advisory Service

As part of my property investing series research which I’ve been writing since last month, I am trying to reach out to as many groups of people involved in the end to end chain process of a property purchase. This includes the likes of subject matter experts, agents, mortgage advisors and property portals such as 99.co and property guru. Last week, I contacted one of the leading mortgage advisory brokers in Singapore, Redbrick Mortgage Advisory, as an anonymous to understand better the services and professional service level they provide. But before that, let’s first understand the role of a...

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Why I’m Joining The SG Active Trading Tournament 2019

It was around this time last year when the SGX Bull Charge Stock Challenge competition was held and I participated in the competition which lasts about 2.5 months. It was heavily contested with more than 136 participants competing for the main prize. I managed to lead the competition for most of the period until the very last day when another contestant Thebearprowl leaped over the first position and took the champion. I wasn’t upset (though felt a bit disappointed to give up the lead) about losing to another great competitor and was glad that I have a lot of...

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Maximizing Your Profit With AI Gain

In a world where digital finance plays an important part for the blockchain industry revolution, most look for faster and safer digital platform to manage and make full use of their digital assets. AI Gain, which stands for “Artificial Intelligence” and “Gain” is a digital finance platform which is gaining plenty of attraction for its digital smart wallet. It allows investors to profit through arbitrage (earning the bid-ask spread by comparing exchange rates of various exchanges) with a minor handling fee of 2%. AI Gain currently supports AIG Coin and other major cryptocurrencies, namely Bitcoin, Etherium, Litecoin and Tether....

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Buying Cheap Is An Excellent Catalyst In Itself (Because I’m Cheapo)

My wife tends to call me a cheapo, not in any mean way that it hurts my feeling but still well you know those sort of things that can get you riled up if it is of unintended clarity. You tend to notice that my investing style has evolved over the years. From what started as a pure dividend investor when I first began my investing journey, I began to explore different styles of investing which I believe can reap me better returns in the long run. I think that’s the whole idea of active investing in the first...

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A New Segment On CNA93.8 “Open Show” Property Discussion

This is just a quick sharing updates. I was invited by a radio talk show CNA 93.8 to be on air this morning live at 10.30am to present my thoughts on the property market and Parc Clematis mega-project development in particular. Parc Clematis is a development project by developer SingHaiYi Group located across Jalan Lempeng, which houses over 1,475 units. It was a refreshing experience as this was my first air-live talk and I managed to experience what it is like to be on a radio show with a few experts in the house. This was for a morning...

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Reloading Warchest & Unlocking Value Through Cash Out Financing

It’s been more than a month and half now since we last rented out our home in order to generate a healthier cashflow due to the unexpected situation that happened back in the family. Things are looking much better these days, with my Dad stabilizing and improving every single day through the rehab and he is also able to eat like a normal person now (he wasn’t able to swallow when it first started). Our family also managed to turnover some of the business around and cashflow is looking very much healthier than before, though there’s still way to go...

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