Author: A Singaporean Stockmarket Investor (ASSI)

Marco Polo Marine: Accumulation mode.

On 19 June, I blogged about Marco Polo Marine’s persistent insider buying activity. I initiated a long position and I have been updating that blog post in the comments section. The latest update happened yesterday. Today, I added to my long position as its share price retraced to 34c a share. Technically, we see the Bollinger Bands narrowing on the weekly chart. Expecting a big move in share price in the coming weeks. With the MACD forming higher lows on the weekly chart, momentum is improving as sentiments towards the company turned positive. The OBV bears this out as it...

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Help disadvantaged kids with MILK.

I remember how when I was in primary school, we were made to drink a packet of milk a week by the school. My favourite was the green color one: banana flavour! I was very fortunate. There are those who are less so. Marigold HL Milk believes that milk shouldn’t be a luxury but a necessity for every child to grow into a healthy adult. The underprivileged shouldn’t be undernourished. Marigold HL MILK has committed to donating 10,000 packs of milk to MILK (Mainly I Love Kids) Fund which reaches out to disadvantaged children and youth in Singapore and overseas....

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Ever thought of being an entrepreneur?

More and more, people are starting online businesses. In Singapore, where a small shop space in a popular mall could cost more than $20,000 a month to rent, having a virtual shop makes sense. Follow a few successful online shop owners and see their entrepreneurial journey. See how they carve out a niche in a market where fickle minded consumers are an everyday staple. Find out also how they use technology to give them a competitive edge. This could just inspire you to take that first step...

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Sabana REIT: Convertible Sukuk.

Some time back, I wrote about how perpetual bonds could be a good thing for REITs if they could use the funds raised to acquire yield accretive properties. Imagine borrowing at a lower interest rate to invest in a property with a NPI yield higher than the cost of debt. This is good news for existing unitholders. Sabana REIT has announced a Convertible Sukuk which will raise S$80m. What is Sukuk? The easiest way to understand it is to think of it as an Islamic Bond. So, a Convertible Sukuk is a Convertible Bond. The Sukuk will carry a profit rate of 4.5%...

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First REIT: Acquisitions in Manado and Makasar. (Amended)

First REIT is acquiring two properties from its sponsor, PT Lippo Karawaci Tbk. The two are Siloam Hospitals Manado & Hotel Aryaduta Manado at S$83.6 million, and Siloam Hospitals Makassar at S$59.3 million. The prices are at a discount of 10.78% and 9.81% to valuations, respectively. The purchases will be funded through debt and a private placement. Some pro forma numbers: Total asset size: S$782.2m or an increase of 26.4%. NAV/unit: 84c. Annual DPU: 7.45c. 6.77c. Read press release: here. What really interests me is the DPU here. An annual value of 7.45c 6.77c will approximate 1.86c 1.692c per quarter....

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Young working Singaporeans, you are OK. Really?

This was just in the news: Young Singaporeans in the workforce today will have adequate savings in their Central Provident Fund (CPF) accounts by the time they retire, according to an independent study by the Ministry of Manpower. A recent study using the Income Replacement Rate or IRR indicates that Singaporeans are adequately covered. Pension economists measure retirement adequacy by using an IRR, which is the ratio of retirement monthly income to pre-retirement monthly earnings. The study found that a median male earner who enters the workforce today will be able to achieve an IRR of over 70 per...

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Tea with AK71: Inflation hits fried bee hoon.

Today, I went to the “economic fried bee hoon” store near my office to buy breakfast. I like fried bee hoon a lot. It is inexpensive and tasty. However, I would try to restrict it to once a week or fortnight. It is still less expensive to bring my own food to work (e.g. oatmeal). I would usually order fried bee hoon with a piece of tofu to make it a more nutritious meal. Price? $1.50. If I am not feeling very hungry, I would have half of it for breakfast and keep the rest for lunch. Two meals for $1.50!...

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Fraud: Credit cards.

When I was in Los Angeles with my dad once many years ago, he tried to buy some chocolates at the airport but his card was declined. The cashier told him that a message appeared on the machine that he was to call the card centre. My dad was puzzled since he promptly paid his credit card bills each month. Anyway, he called the card centre using his ICC at a public phone booth. In case you are wondering what on earth is an ICC, it was an International Calling Card issued by Singtel for people who were travelling overseas...

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China Minzhong: Emerging from a down trend.

The last time I blogged about China Minzhong, I said that the longer term downtrend was still intact. Has this changed? Yes, it broke out of this downtrend middle of August and briefly went under the trend line in early September. Both MACD and MFI have formed higher lows. Breaking the down trend with stronger positive momentum is good news for the bulls. Now, all eyes would be on 78.5c, the recent high of 23 August as well as the declining 200d MA at 80c. If price action is able to break these resistance levels and move higher, we could see a...

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Wilmar: Is the tide turning as buying pressure returns?

I bought more shares of Wilmar as its price went to a new low yesterday. Some might question why I did this. Was I not afraid of losing even more money? Well, it was a calculated risk based on certain technical signs. As Wilmar’s share price went lower, I noticed that the CMF was forming higher lows. So, share price was forming a positive divergence with the CMF. What is CMF? CMF stands for Chaikin Money Flow. This is a money flow oscillator that measures buying and selling pressure. When the CMF is in positive territory, the bulls have the upper hand....

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Religare Health Trust: 8.5 to 9% yield.

A new business trust to be listed soon in Singapore, it seems. Religare Health Trust, which will own assets managed by Indian hospital group Fortis, is offering an indicative yield of 8.5% to 9% for its initial public offering that could raise as much as $500 million. The units offered will comprise about 70% of the total, the source added. The listing is planned in the third week of October, sources said. Religare Health Trust has a mandate to invest in medical and healthcare assets and services in Asia, Australasia and emerging markets, Fortis Healthcare has said previously. Source: REUTERS Fortis...

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Tea with AK71: Tonkatsu, Saizen REIT, Mazda cars.

Many things happened in my life lately. Some good and some bad. Well, mostly bad, I feel. Anyway, all I can do is to soldier on and roll with the punches. Take the good with the bad. Today, after going out in the morning for an extended family gathering, I detoured to Orchard Road to take in the sights and have lunch at a tonkatsu place in the basement of Ion Orchard which my sister brought me to once before. It is called Ginza Bairin. Very good and cheaper than Tonkichi. The generous portion really filled me up too. Fillet...

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60 years leasehold condominium in Singapore.

When I was told many years ago that residential properties in Hong Kong generally come with a 50 years lease, I was amazed. So, if someone in his 30s were to buy a condo in Hong Kong and if he should live to be 90 years old, he could be kicked out of the property as there is no guarantee that the lease would be extended? To someone from Hong Kong, a 99 years leasehold property in Singapore is probably a steal! The lease is twice as long as back home and the prices are probably lower too, like...

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AK71’s simple strategy.

What is my simple strategy? 按兵不动 – Hold our troops; bide our time. Collect regular dividends and wait for opportunities. We want to be in a position which would allow us to benefit from market weakness as well as strength. The way to do this is to stay invested in the market and also have a war chest ready. Opportunities to accumulate will always show themselves but without a war chest, it would be difficult to take advantage of them. Sometimes, doing nothing is also doing something...

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Wilmar: Should we be buying?

A reader asked me if I am buying more shares of Wilmar as I said before that the time to buy is when the selling has dried up. Has the selling dried up? Well, the trend is still obviously down and my investment is in the red. My long position in Wilmar is my biggest money losing investment on paper this year. However, I have bought more shares of Wilmar as the MACD is rising while share price declined. Momentum is still negative but with a rising MACD, the negative momentum is weakening. There is no obvious sign of accumulation or...

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