Author: A Pen Quotes

Quick Valuation Study for Sarine Technologies Ltd. (U77.SI)

Intrinsic Value Study In gist: Sarine Technologies Ltd stock price on 14 June 2018 is S$0.895. At current price, there is no margin of safety. The above study shows that the intrinsic value is S$0.67. The earnings of Sarine Technologies will need to improve in the future quarterly/yearly reports to reverse the negative earnings growth trend (and improve the stock’s intrinsic value). Advertisements Share this: Like this: Like...

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The Curious Case of Sarine Technologies Ltd (SGX: U77)

I have previously done a few posts about Sarine Technologies. The 2 Financial Pillars of Sarine Technologies (read here) Sarine Technology (Gemological) Laboratory: Will this Tech Company be the Pick-axe to the Diamond Gold Rush? (read here) Sarine Technologies: A turn for the better? (read here) My thoughts on Sarine Technologies Ltd (SGX: U77) (read here) In some of my previous posts I mentioned about the financial performance of the company. Annual Financial Performance Below is a snap shot of the annual performance of the company. The recent years’ performance has been erratic. FY 2017 was not a good year. However, it is worth noting that the revenue and the net...

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The month of May and US treasury yield curve (2018 Version)

I did a post on the US treasury yield curve back in May 2016 (read here). As quoted in that post (with reference to a newspaper article): A sign that a correction is coming is that the US treasury yield curve is close to as flat as what you see before previous crises. US Treasury yield curve flattens to lowest level since financial crash (read here) The 10-year Treasury yield has hit the 3% level — here’s what that means (read here) 2-year Treasury yield posts largest weekly climb in three weeks (read here) “A flattening yield curve is traditionally a...

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Wai Kee Holdings Limited (0610.HK) – Valuation Study

Wai Kee Holdings Ltd. is an investment holding company, which engages in the construction and infrastructure business. It operates through the following segments: Construction; Construction Materials; Quarrying; and Property Development and Investment, Toll Road, Investment and Asset Management.   It is worth noting that the Forward annual dividend yield of Wai Kee Holdings is 5.94%. Trailing PEG Wai Kee Trailing PEG: 3.94/(22.77+5.81) = 0.13 P/E ratio is 3.94, 5 years EPS growth rate: 22.77, Dividend yield: 5.81 That is way below 1. A ratio below 1 suggests...

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Japan Foods Holding Ltd. (5OI.SI) – Is its Dividend Sustainable?

To be frank, what initially attracted me to the stock of Japan Foods Holding Ltd. recently, is its dividend yield. As mentioned in my earlier post, Japan Foods’ dividend yield is 4.06% in FY 2017, and it is among the highest in the consumer stocks family (if not the highest). See below. The company paid out SGD 0.0205 in dividend in FY 2017. The recent share price of Japan Foods is $0.505. So assuming that the dividend in FY 2018 remains the same as what was distributed out in FY 2017, the dividend yield would be 4.06%. Not too shabby. The key...

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Japan Foods Holding Ltd 5OI (A quick valuation study)

This will just be a quick valuation study for Japan Foods Holding Ltd. (5OI.SI). I have previously did a quick study on this stock in June 2015 (read here).   Japan Foods’ dividend yield looks tempting at 4.06% in 2017. Among the highest in the consumer stocks family. A quick valuation study shows that the intrinsic value is only $0.29. See below. The share price on 4 May 2018 is $0.505, which means that there is basically no margin of safety. The increase in share price since...

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Reaching the next milestone

A lot has been written about FIRE (Financial Independence Retiring Early). I guess we all have a ‘number’ in our mind. It is this target you want to hit, the magic amount. Some people are aiming for $10,000.00 or $100,000.00, $1000,000.00, $2000,000.00…. For some, beyond this amount, there is really, to want for more since they can already cover their yearly expenses via the passive income. However, for me, I reckon it is a moving target.. as I have yet to devise a sound passive income stream. Ultimately, it doesn’t matter. It is my goal that I have set...

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Creative Technology Ltd. (C76.SI): When the Story is Stronger than the Numbers…

There are many stocks in the Singapore Exchange, and of course out of these, there are many stocks which nobody would touch. For the longest time, Creative Technology Ltd is one such ‘Zombie’ stock. ‘Zombie’ because it is basically a living dead stock. It is listed on the exchange but for years, it hardly registers a heartbeat (its share price oscillate around $1 from late 2015 to early 2018). That is a far cry from the high of approx. $14.30 in Jan 2006.  Creative had at one point in its history achieved a market capitalization of more than US$1.6 billion and...

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If…

I finally have some time alone to write a post. It has been a busy week. Not easy when you have 2 kids with no domestic helper. You can’t really have much alone time to surf the internet. I came across the below post and the poem as mentioned in the article. Warren Buffett says investors should heed this 19th-century poem when the market is crashing (read here) “If” written by the British Nobel laureate Rudyard Kipling in 1895. The poem is actually much longer (than what is shown below – in blue). However, I think the first few sentences of...

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What motivates you in your quest for financial freedom? 4 persons who had screwed up big time financially, only to bounce back up.

The recent market correction in the US is perhaps a wake-up call for some of us. Well, some may think to ourselves looking at the sea of red, “Hey, investing in stocks is actually kind of risky. I can lose a lot of money within a very short period of time”. Really our worst enemy is ourselves. Often we hear about how others did well financially. How their investments are paying off. 2017 was a particularly low volatility year when it comes to the stock market in general. Seldom do we hear about screw-ups – When people lost big...

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Love People & Use Things because The Opposite never works

Love People I came across the below post in Seedly Personal Finance Facebook group: Should I make my bf pay me rental fees? A “social-financial” cohesion problem. “Dear Seedly Community, My bf and I are both in our late 30s and have recently decided to live together in my landed home, the mortgage for which I have fully paid up. He pays about $5k monthly for his rental condo unit and his current lease will end soon. Should I make him pay me rent or do we draw up some financial arrangement to make sure he will not be...

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What is at Stake? Does it matter?

Actually, some might say that how we view the recent crash is a matter of perspective. After all, there are many who are rich and doesn’t have a huge stake in the stock market. They can afford to be sanguine in market corrections/clashes. What about the little man on the street? 1. How much at Stake Person A (Stocks is his lifeline) Imagine someone who is heavily invested in the stock market, and who is heavily dependent on the price fluctuations or dividend income of his/her stocks. The stock correction or crash will have a more adverse impact to...

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Seeing Red? Here’s what 10 Financial Bloggers think.

So the US S&P 500 has dropped from its high of 2872 on 26 Jan 2018 to 2581 on 8 Feb 2018; a 10.1% drop in a matter of days.   While the STI Index has dropped from its high of 3609 on 24 Jan 2018 to 3377 on 9 Feb 2018; a 6.4% drop in a matter of days. Well, for some, it meant painful losses, while for others, it is an exciting period to buy the dips. Then there are some who are just looking deeper for more opportunities (perhaps not now but later). For me, I’m not...

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From FOMO to SGTI?

It was only recently when I did a post about FOMO (Fear of Missing Out), back in Dec 2017. Now I think this post can be called SGTI (Scare To Go In). Currently, I am screening through my ‘shopping list’. However, I feel it is still early (being the cheapskate that I am when it comes to buying stocks). The correction in the US markets though big on a daily basis is not huge when taken in the context of the overall market rise over the recent years. Yes, it sucks, looking at the unrealized losses I had in just...

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Slowly getting out but not ‘out’ out

This will be a short post. Previously, I did a post at the beginning of the year about my portfolio. Read here. In it, I mentioned that I would like to increase my ‘war-chest’. Well, it has been a slow process. I have slowly reduced my holdings in some of the stocks which I have been holding on to…. but at the same time I have increased my holdings in Sarine Technologies and started a new position in Shinsho Corporation. I don’t actively sell (or buy) my holdings. I typically do my trades after work (after office hours), at home....

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