Author: A Pen Quotes

The 2 Financial Pillars of Sarine Technologies

I have previously written a post about my thoughts on Sarine Technologies and the effect of its revenue and net profit on its roller-coaster share price. My thoughts on Sarine Technologies Ltd (SGX: U77) (read here) As investors, we often take the financial results at ‘face value’, and in my case, I am sometimes too lazy to read more deeply into the reports. However, every business is unique and for some companies, there are more to the headline revenue and profit numbers. In gist, the financial results of Sarine Technologies for FY 2015 and 9M 2017 has been rather ‘disappointing’...

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Sarine Technology (Gemmological) Laboratory: Will this Tech Company be the Pick-axe to the Diamond Gold Rush?

Recently, I have a colleague who got engaged and she showed all of us her nice big diamond ring. Well… I did not ask her if it is a natural or lab-grown diamond, that would appear rude. However, I just can’t help wondering. After all, natural and lab-grown/synthetic diamonds look the same. And there is no way of knowing how many undisclosed lab-grown diamonds are circulating. However, even if they look the same (and the composition of synthetic diamond is actually no different from that of a real mined-diamond), lab-grown/synthetic diamonds cost less and has no resale value. Synthetics: cheaper...

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Shinsho Corporation: Is the stock a bargain?

I was reading SG TTI’s post on Shinsho Corporation and Kobe Steel (read here), and I think it is a good read. For one, it spurs me to find out more about Shinsho Corporation. Or shall I say nudge me a bit out of my slumber :p I like companies embroiled in scandals, especially scandals that do not affect the business fundamentals of the company but causes a temporary share drop. It reminds me of my experience with Sun Hung Kai Properties. I typically don’t treat these stocks as long-term plays (unless in the rare case, it turns out to be...

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Sarine Technologies: A turn for the better?

I have been cruising in a low gear when it comes to my investment so far. But every once in a while I will do some short-term investments. Sarine Technologies I recently bought more shares of Sarine Technologies. The recent news pertaining to the company has been positive and this is reflected in its share price. After stagnating at the lower prices since early Oct 2017, the price has in recent times shown a strong rebound. That is the thing about Sarine Tech (typically low volume but high volatility). I have previously written a post about Sarine Tech in...

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Portfolio Update

It has been a while since I last did an update on my portfolio. My previous update was in June 2017 (read here). In the previous post, I did mention that I wanted to increase my war-chest and perhaps to reduce my allocation to equities. Back in Nov 2015, my cash holdings (including the amount in my SRS account) is only a mere 7% of my total net worth (which excludes the property I am staying in). It then increased to 33% in June 2017. Today (1 Jan 2018), the cash proportion in my portfolio is now 40%. Well, that...

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The FOMO feeling…

I always feel that investing is like taking a stance on a particular idea. Either you believe in the thesis or not. There is no in between. It is either you are right or the market is right. There is no standing on fence and hope that things would work out better or decide after you have bought the stock. In fact, I find it pure mental agony. Cryptocurrency Which is why I have avoided cryptocurrency. There are hardcore cryptocurrency believers and then there are those who are against it, and then there are those in between who just want a...

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The continuing saga of Moya Holdings Asia Limited

You know I have been watching bits of the movie “The Big Short” on YouTube. In the movie, there is this character called Mark Baum. Mark Baum, this character is loosely based on the person Steven Eisman. [embedded content] There is one statement from him which kind of resonates with me (read here): Do your own homework. I can’t overstate the importance of this. When things start to go bad, speaking to the management of the company may be the worst thing you can do. You can walk away thinking things are okay when in fact they’re not, because seeing...

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My thoughts on Sarine Technologies Ltd (SGX: U77)

The thing about Sarine Technologies is that there isn’t really a consistent trend in its revenue (well, at least in recent years). Its recent report on the expected revenue and profit for the nine months ended September 30, 2017, has triggered a sell-off in its share. If we trace back the nine months ended September 30 results from 2010 to 2017… we can see why. There appears to be an uptrend from 2010 to 2014 until it was ‘disrupted’ in 2015. 2015 was a particularly bad year with...

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Why I decided not to use 8 Securities

This post is a continuation of my post dated 23 July 2017 (see below). 8 Securities: Broker to trade US and Hong Kong Stocks (read here) So yes, 8 Securities does not have holding fees, if I am to buy and hold Hong Kong or US stocks (being a foreigner not residing in HK or US respectively buying these stocks). I have always been doubtful as to how do 8 Securities earn any commission by not having any holding fees. So I decided to do a small experiment. Well, I did not actually buy or sell stocks using 8 Securities. My...

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AerCap Holdings N.V. (AER): Intrinsic Value and Trailing PEG

AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales and management of commercial aircraft and engines. It operates in Mainland China, Hong Kong, Macau, USA, the Netherlands, and few other countries. They also provide aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. AerCap Holdings Is A Value Investor’s Dream Stock (read here) AerCap Holdings (AER): Owned by savvy investors (read here) Mohnish Pabrai Buys AerCap (read here) I was surfing...

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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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