Author: AlpacaInvestments

RECENT TRANSACTIONS

As I did not provide an update on my investment holdings since December 2017, here are the recent transactions for my portfolio. Purchased shares in Hanwell Holdings Limited at $0.23 after the steep fall in share price. From an assets-based valuation perspective, I believe that its current share price presents us with an opportunity to enter, with a good margin of safety. Read my detailed discussion here – Hanwell Holdings: Net Cash 70% of Market Cap. Received $1.10 per share in dividends from DBS, including the special dividend of $0.50. DBS has undoubtedly been my best performer thus far,...

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MY PORTFOLIO

Updated as at 11/05/2018 After much consideration, I’ve decided to reveal the current holdings in my portfolio. My portfolio is a low five-figure sum, which I have accumulated from my savings, National Service allowance and working part-time jobs. I started investing in mid-2015, while I was in National Service. Looking back, mid-2015 was probably the worst time to start, as the markets began to decline due to the sharp fall in oil prices and fears of a hard landing for the Chinese economy. I’d concede that when I first started buying shares, I had close to zero knowledge about...

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HANWELL HOLDINGS: NET CASH 70% OF MARKET CAP

I finally had some time to resume writing my blog posts. Apologies for not updating my blog for the past 4 months, as I had been really busy with school activities. Recently, I have added a new company to my portfolio – Hanwell Holdings Limited. For the past month, Hanwell Holdings has undergone a sharp selloff, breaking the 30 cents support level for the first time since May 2017. At yesterday’s closing price of $0.23, Hanwell’s market cap currently stands at $124.5 million, compared to its cash and cash equivalents of $147.9 million, and $61.4 million in borrowings. This...

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UPDATE ON FAR EAST ORCHARD

A reader wrote to me asking for my thoughts regarding some questions about Far East Orchard (FEO). I am vested in FEO at a price of $1.52, a position I initiated back in August this year. Since then, its share price has been largely flat, trading between a range of $1.46 to $1.59. Third Quarter Results FEO’s 3rd quarter results were largely disappointing, with revenue down 20.7% and net profit falling by 74.2% year on year. The decline in revenue was due to the completion of some lease agreements in Australia and New Zealand, and weaker performance of assets...

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UPDATE ON FAR EAST ORCHARD

A reader wrote to me asking for my thoughts regarding some questions about Far East Orchard (FEO). I am vested in FEO at a price of $1.52, a position I initiated back in August 2017. Since then, its share price has been largely flat, trading between a range of $1.46 to $1.59.  Third Quarter ResultsFEO’s 3rd quarter results were largely disappointing, with revenue down 20.7% and net profit falling by 74.2% year on year. The decline in revenue was due to the completion of some lease agreements in Australia and New Zealand, and weaker performance of assets in Perth....

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2017 IN REVIEW

Started this blog in February this year, with the aim of encouraging more young adults to begin their investing journey. I’ve spoken to many young adults who believe that investing is out of their reach, when in reality, even if your capital isn’t large, you can still start with a monthly dollar cost averaging strategy. I hope that by penning down my thoughts regarding my investing experience, more young adults would take the initiative to find out more about investing.Read: Why you should start investing earlyAs I’ve gained more investing experience, I have also fine-tuned my process of identifying...

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2017 IN REVIEW

Started this blog in February this year, with the aim of encouraging more young adults to begin their investing journey. I’ve spoken to many young adults who believe that investing is out of their reach, when in reality, even if your capital isn’t large, you can still start with a monthly dollar cost averaging strategy. I hope that by penning down my thoughts regarding my investing experience, more young adults would take the initiative to find out more about investing.Read: Why you should start investing earlyAs I’ve gained more investing experience, I have also fine-tuned my process of identifying...

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JAPAN FOODS HOLDING

Japan Foods Holding (JFH) has recently caught my attention, after I have started screening for stocks again. JFH operates a wide range of F&B outlets selling Japanese food. We may be familiar with the Ajisen Ramen brand, which accounts for the bulk of JFH’s revenue (39.5%). JFH also operates brands including Menya Musashi and Keika Ramen. JFH has operations in Singapore, Malaysia, Vietnam, Hong Kong and China. JFH Annual Report 2017 JFH has a four pronged strategy to grow its business – developing new concepts, cost control, overseas expansion and network expansion/consolidation. 1H 2018 Financial Results For 1H 2018,...

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ANALYSIS OF JAPAN FOODS HOLDING

Japan Foods Holding (JFH) has recently caught my attention, after I have started screening for stocks again. JFH operates a wide range of F&B outlets selling Japanese food. We may be familiar with the Ajisen Ramen brand, which accounts for the bulk of JFH’s revenue (39.5%). JFH also operates brands including Menya Musashi and Keika Ramen. JFH has operations in Singapore, Malaysia, Vietnam, Hong Kong and China. JFH Annual Report 2017 JFH has a four pronged strategy to grow its business – developing new concepts, cost control, overseas expansion and network expansion/consolidation.1H 2018 Financial ResultsFor 1H 2018, JFH reported...

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KEEPING AN EYE ON ST ENGINEERING

ST Engineering (STE) has performed poorly for the past few months, and I have added it to my watchlist. STE is an integrated engineering group with 4 main business segments – Aerospace, Electronics, Marine and Land Systems. For FY 2016, the group generated $6.68 billion in revenue and $484.5 million in net profit, representing a net profit margin of 7.2%. The revenue breakdown was 65% from commercial sales and 35% from defence sales. Earnings per share was 15.6 cents, and the group distributed 15.0 cents of dividends to shareholders.STE Annual Report 2016This year, 9M 2017 earnings per share stands...

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KEEPING AN EYE ON ST ENGINEERING

ST Engineering (STE) has performed poorly for the past few months, and I have added it to my watchlist. STE is an integrated engineering group with 4 main business segments – Aerospace, Electronics, Marine and Land Systems. For FY 2016, the group generated $6.68 billion in revenue and $484.5 million in net profit, representing a net profit margin of 7.2%. The revenue breakdown was 65% from commercial sales and 35% from defence sales. Earnings per share was 15.6 cents, and the group distributed 15.0 cents of dividends to shareholders.STE Annual Report 2016This year, 9M 2017 earnings per share stands...

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NOVEMBER TRANSACTIONS

I’ve been quite busy lately, as I’m in the midst of having my examinations, so I’ve not been able to write much.For November, these are the transactions I made, as well as some updates on the companies that I’m holding:I bought SingTel at $3.67 last week, which makes SingTel my third largest position. SingTel’s special dividend of 3.0 cents from the proceeds of the NetLink Trust IPO was deemed to be underwhelming by the market, hence its share price declined after it announced its third quarter results. I believe that paying out only 3.0 cents may not necessarily be...

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NOVEMBER TRANSACTIONS

I’ve been quite busy lately, as I’m in the midst of having my examinations, so I’ve not been able to write much. For November, these are the transactions I made, as well as some updates on the companies that I’m holding: I bought SingTel at $3.67 last week, which makes SingTel my third largest position. SingTel’s special dividend of 3.0 cents from the proceeds of the NetLink Trust IPO was deemed to be underwhelming by the market, hence its share price declined after it announced its third quarter results. I believe that paying out only 3.0 cents may not...

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QAF LIMITED REVISITED: DISAPPOINTING 3RD QUARTER

At some point in our lives, we may have consumed the Gardenia brand of bread for breakfast, as it is a familiar household name. However, QAF Limited may sound a little more unfamiliar to us. I didn’t know about the link between these two names, until I began researching on QAF Limited. Gardenia bread is actually produced by QAF Limited, a company whose operating segments include bakeries, primary production and trading & logistics. I had previously written about QAF Limited in May this year. 3rd Quarter PerformanceQAF’s third quarter results were rather disappointing, with net profit falling by 62%. Even...

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QAF LIMITED REVISITED: DISAPPOINTING 3RD QUARTER

At some point in our lives, we may have consumed the Gardenia brand of bread for breakfast, as it is a familiar household name. However, QAF Limited may sound a little more unfamiliar to us. I didn’t know about the link between these two names, until I began researching on QAF Limited. Gardenia bread is actually produced by QAF Limited, a company whose operating segments include bakeries, primary production and trading & logistics. I had previously written about QAF Limited in May this year. 3rd Quarter PerformanceQAF’s third quarter results were rather disappointing, with net profit falling by 62%. Even...

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