Author: A Pen Quotes

Timing (TalkMed and Chipotle Mexican Grill)

Maybe the title shall be mistiming. I have a long history of having a bad timing in buying shares. I was reading the recent article in the Sunday Times (see below). The best investors sit on plenty of cash (read here) One statement resonates deeply with me: “But holding cash can be very painful financially since it earns me virtually nothing.” It doesn’t help when you read about others with much bigger portfolio (heavily invested) in the upmarket reaping record high dividends. On track for their yearly dividend payout target. Somehow, the notion of a sharp market downturn does...

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Moya Holdings Asia Limited – 4 Things You Need to Know Now

Moya Holdings Asia Limited is a stock that has come out of nowhere and has won many investors’ hearts. Just look at the chart below. The stock was trading at SGD 0.029 on 18 Feb 2016, on 18 Aug 2017, the stock price was SGD 0.107. That is an almost 270% increase in approximately 1.5 years. By the way, in Jan 2016, Moya Holdings Asia issued a 5 for 4 rights issue (see below). Moya Asia: 5 For 4 Renounceable Non-Underwritten Rights Issue At S$0.033 Each. (read here) What could be behind this astonishing good stock performance? “As I...

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Raffles Medical, TalkMed, Singapore O&G – The 2 Things these Stocks Taught Me Now

You know, it was only recently that many of the above-mentioned healthcare stocks are darlings of the Stock Market. The allure of healthcare is easy to understand: With an aging population, rising affluence of the middle class here and abroad, and a business that appears immune to the economic cycles/downturn…. what can go wrong? 1) When the Singapore Market Rises, it doesn’t raise all boats Let’s look at the recent Stock Price performance of the 3 stocks over a one year period. Raffles Medical Group Ltd. Over a period of one year (from 11 Aug 2016 to 10 Aug...

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Raffles Medical Group Ltd – 4 Things You Need To Know Now

1) Sudden drop in Share Price The once mighty Raffles Medical share price seems to suffer from a bout of flu. For past 1 year, its share price has been steadily declining from a high of SGD 1.55 to SGD 1.16, representing a 25% drop. And in the recent month, we see a sudden drop from SGD 1.29 (31 July 2017) to SGD 1.16 (8 Aug 2017), a more than 10% drop! “Generally, the greater the stigma or revulsion, the better the bargain.” — Seth Klarman 2) Poor...

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4 Small Cap Stocks with min. ROE 20% (Straco, Colex, Nordic, CEI Ltd) – What Is Their Trailing PEG & Intrinsic Value Now.

These 4 Singapore stocks are small (market capitalization ranging from $300 million to about $2 billion), but if you spend some time going through their annual reports, you would be impressed by their earnings performance. And their Return on Equity (ROE) is at least 20%. 1) STRACO CORPORATION LIMITED (S85) Market cap: SGD 722.7M The company develops and operates tourism-related facilities in the People’s Republic of China. The company develops and operates cable car facilities, aquatic related facilities, and dolphin and sea lion performances. It also provides management and consulting services, and project management services to third parties; and...

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Bike Sharing and ISOTeam

If you haven’t heard about it…ISOTeam is joining the bike-sharing craze. ISOTeam jumps on bike-sharing bandwagon | The Edge Markets (read here) My initial reaction seems to be that the move appears to be ‘de-worsification’. What has a firm specializing in the maintenance and upgrading of public housing estates got to do with bike-sharing? My original reason as to why I invested in ISOTeam, is due to its boring and stable business (which is maintenance and upgrading of public housing estates). I hoped that the company can build upon its strength in providing a strong recurring income. However, bike-sharing...

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Alibaba Group Holding Limited

Alibaba Group Holding Limited: The company accounts for 80% of all online retail sales in China. As of 2015 the company has 350 million active users, larger than the entire population of the United States. Alibaba recorded $9.3 billion worth of orders in just one day in November 2014, during the holiday known as “Singles Day.” When I first started doing the e-commerce stint using Fulfillment by Amazon (FBA), I inevitably used the portal Alibaba (to source for goods from manufacturers). I have been planning to start a US stock portfolio for the longest time. However, with the US markets at...

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8 Securities: Broker to trade US and Hong Kong Stocks

In my previous post, I mentioned that I am looking for a broker so that I can trade US and Hong Kong Stocks with no holding fees. Why look for a broker now? Now, before I continue, just to clarify… I currently only have 1 counter which is a non-Singapore market listed stock: Fu Shou Yuan International Group Limited. It is listed on the Hong Kong stock market. This counter only occupies a tiny portion of my stock portfolio. Well, FYI, in recent times, I always felt that market valuations are either fully or richly priced. Yes, there are pockets...

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Finding a Broker to trade US and Hong Kong stocks

I came across this article by the Fifth Person: “How to open a brokerage account in Singapore (and how to choose the right broker)” (read here). In the article, it mentioned the following: “I’ll assume you plan on trading in the local stock market since you’re to looking to open a brokerage account in Singapore. But besides the SGX, you may also be interested in stocks listed in foreign markets like Malaysia, Indonesia, Thailand, Hong Kong, the U.S., etc. If that is the case, you probably want to check if a broker offers you access to the markets you want. Do...

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Buy move after a long while

I recently bought some stock. Yes, I know that market valuations are not cheap and that there are relatively more risks involved to invest now. My long term goal is ultimately to increase my war-chest. Iconic hedge fund manager Seth Klarman says investors are missing huge risks (read here) However, I do believe that in some situations, these warrant a second look. And perhaps a buy move. One such situation is when the company management made a blunder which indirectly affect the future revenue prospect of the company as a whole. Yes, the price trend could be down in...

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Would you give up your bike for oBike?

I don’t particularly use oBike a lot. When I go out with my family I can’t really use the oBikes. My kids are too young and my wife does not know how to ride a bike. However, I do use it occasionally after work and during the weekends, especially when there are free rental promotions. I could use some exercise when the weather is not too hot or when it is not raining. I don’t own a bike myself, but I do wish some time that I had a lighter bike with multiple gears. I reckon I would need to...

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The Unequal world of Interns

[embedded content] Well, you know, things aren’t always what they seem to be. What can I say, cosmetics does wonder. The ZERO dollar Trainee I do believe that law graduates get paid higher than most other graduates from other faculties (well at least during my time – when I graduated in the early 2000s). Yes, I know the hours are hard and the work is punishing, but hey, at least they are paid well… right? There are after all jobs that are punishing and you get paid peanuts. In fact, looking at this recent article (see below), law graduates from...

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QAF (Intrinsic Value and Trailing PEG)

I have previously written about QAF Limited on 7 July 2016 (read here). If I am not wrong, the stock price then was around SGD 1.08. On 22 June 2017, the stock price of QAF is SGD 1.325. Well, I did mention that I will keep an eye on this stock. I did a quick study on the financial statistics. In comparison to the statistics in July 2016, there appears to be an improvement, namely: The trailing P/E is now lower at 6.31 while Price/ Book is about the same. Overall, the stock is still undervalued (surprisingly given the...

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Portfolio Update

This will be just a quick update on my portfolio. Basically, it has been rather uneventful. I am still in a net cash holding position in relation to my stock holdings. For this month, I did not divest any of my stock holdings. Personally, I am pretty comfortable with my holdings. Robert Shiller: With stock valuations high, it’s time to reduce your holdings (read here) I have been doing some internal adjustment to my holdings: I topped up my SRS account. Transferred money from my CPF OA account to the CPF Special account. Bought Insurance: An Enhanced Incomeshield policy (Hospitalisation)...

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Which is more profitable? High Dividend Yield Singapore Stocks or Dividend Growth Singapore Stocks?

I was reading some of my old posts and came upon a post, written in May 2016 about the difference between high dividend yield vs dividend growth stocks. That post came about because I was then reading a book about Income Investing (Income Investing with Bonds, Stocks and Money Markets by Jason Brady- click here). In the book, Jason highlighted that given the choice, he would choose the latter: consistent dividend growth. It is easy finding US stocks with a long history of increasing dividends – they are known as Dividend Kings. 2017 Dividend Kings List: Dividend Stocks with 50+ Years of Rising Dividends (read here) Not that easy in our local...

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