Child Portfolio – "Apr 17 – SG Transactions & Portfolio Update"

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We celebrated my elder son 3rd birthday during the weekend and thought I'd do my usual annual update on his portfolio on his birthday. As part of the annual exercise, I'd try to top up his equity position by giving him presents in the form of stock shares, which would help him compound over his years of growing up. Given that Singtel has been dropping recently, I added 300 shares of Singtel … [Read more...]

Micro-Mechanics – DCF Analysis

I bought Micro-Mechanics for 15,000 shares at a share price of 86 cents back in Oct 2016 on the thesis of semi-conductor sector rebound and heading back into the upcycle momentum. The semi-conductor sector is cyclical in nature so it pays off big time if you can predict the bottoming and rebounding of the cycle. The same suffering goes if the prediction is wrong the other way round. The … [Read more...]

Far East Hospitality Trust (FEHT) AGM & Thoughts

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I attended FEHT AGM this evening which was held at Orchard Parade Hotels.   I had quite a bit of hard time finding the hotel and had mistook it earlier for Orchard hotels which was just right opposite the premise. Thankfully I found it right on time, else I'd be late. It was my first AGM for 2017 that I had attended (3 more to come this and next week) so the usual procedure applies. … [Read more...]

Which Market Should I Invest In?

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There has been a few times when I saw people asking which markets should they invest their hard earned money in. The questions have drawn mixed responses depending on the circumstances of the economic situation we are facing. The US market has generally drawn many interests because they have companies globally which has plenty of moats, while historically they have proven to trend up and … [Read more...]

I Surrendered My Whole Life Policy And Lose 80% Of My Capital

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I thought this will be a good case study to look back on what I did recently at some point in the future. I would not call this a mistake that I did because I think the policy has served its purpose for the past 4 years which I no longer needed it anymore. Still, if there is a mistake to point out, it'll be that I'd be better off taking term back then. Well, time cannot be rewind, so I guess … [Read more...]

Selling The Idea of Passive Income – 2

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Exactly a year ago, I wrote an article on the various miscellaneous ways to sell the idea of passive income to the retail public. The link to that article is here. In that article, I articulated the main gist of the conversation that I had with my colleagues regarding the way passive income works. It was a rather fascinating conversation in the dialogue because they were rather fascinated by … [Read more...]

How Our Brains Are Wired To Make Investment Decision

We often get questions either in person or email asking us on our thought process when making investment decision. I tried to explain on one of my articles back then here on how I generally consolidate my thoughts around what's needed to pass through an investment channel in my wired brain function before I put my money in a particular company. We have plenty of good bloggers in the … [Read more...]

$500K – Second Milestone Target Reached

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This is an important milestone for me to journal so I could look back in the few years to come to see where I am today. It's importance means so much to me that I think it deserves an article of its own. The last time I hit my first milestone of $250k (Link Here) was back in April 2014, where coincidentally I had my first son born on the exact same day. So many things have happened since then … [Read more...]

Recent Action – Far East Hospitality Trust

I've been in a rather busy and heavy month transacting a few recent buys and sells. I'll consolidate my purchase and sells in my next portfolio update shortly. Today, I've added 40,000 shares of Far East Hospitality Trust (FEHT) at a price of 59 cents into the portfolio. My original intention was to accumulate more CDLHT shares but on second thought as it is currently already my top … [Read more...]

Recent Action – UOL

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This will be a quick update on the portfolio as I added 3,000 shares of UOL at a price of $7.04. I added this company right after the cooling measures was announced a couple of days ago, which I believe has brought the sentiments of the market into a different direction. Hence, this purchase was more of a momentum play than anything else. Whilst the relaxation measures for the seller's stamp … [Read more...]

What Bruce Greenwald Thinks of Current Market Valuation

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Bruce Greenwald is one of the renowned professor of finance at the Columbia University and is personally one of my favorite personnel. Back late in Dec 2014, I've read books about him and tried to understand and replicate his financial modeling of the Earnings Power Value (EPV) method in great detail. You can read my past articles here if you are interested in the EPV method for valuation. It … [Read more...]

Kimly Limited IPO – Should You Be Getting This?

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There's a new IPO in town and it's not any stranger to most neighborhood folks who have heard of the brand. Kimly Limited is inviting man on the street to become part of the shareholders by opening a total of 173,800,000 new shares which comprises of 170,000,000 placement and 3,800,000 public tranche at an offer of $0.25 for each share. Indicative Timetable About The … [Read more...]

Ascott announced rights issue of ratio of 29 units for every 100 existing shares

Ascott Residence Trust announced that it is undertaking a renounceable rights issue to raise a gross proceeds of $442.7 million to make an acquisition of 3 properties. The rights was issued at 29 units for every 100 existing shares at a price of $0.919, which is a 21.5% discount from the last traded price of $1.17. The theoretical ex-rights price would be $1.11. This came a bit too fast and … [Read more...]

Taking a Concept Out From Everyday’s Life

These days I have been focusing my time on teaching my son things that he needs to learn at this stage. On days when I am working from home or on leave, I would walk him to school as it is only opposite our home. One of the important things I started teaching him was crossing the road and the green man cue he should be looking out for. The idea was simple. If it's a green man, he can cross. And … [Read more...]

Dividend Income Updates – Q1 FY2017

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All my companies have finished reporting their earnings which means I can already tabulate my dividend income figure for the quarter. Dividend income has been one of my main objective I wanted to achieve for this year because in the past the strategy I took was rather different than what I had done in recent times. I had my reasons for doing so and know what I'm doing so it's not a moment of … [Read more...]

Ireit Global – FY16 Results & Thoughts

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Ireit Global announced their full year results expectedly much better with a 20.8% yoy increase in the DPU to 6.33 cents for FY16. At the current share price of 75 cents, this represents a dividend yield of 8.5%. Do also note that from FY17 onwards the management can exercise their discretion to distribute up to 90%, so they might just reduce the level of distribution. Gross Revenue and Net … [Read more...]

Recent Action – Kingsmen & FY16 Results Review

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Kingsmen announced their full year results late yesterday night which was anticipated to be bad. In my Q3 review, I anticipated their nopat to come in at $11 million by putting an assumption of 3.5% net margin based on the order book the company revealed. I was not far from that as the nopat comes in at $11.8 million with a net margin of 3.61%. Here are some of the highlights which came to … [Read more...]