Author: Business Investor

Short, Short Term Trading, Contra, Margin, Blue Chip, S Chip – SKIP ALL!

There are many forms of strategy or trading pattern in the market. I used to do short term trading and contra in the past. Some times i lose money, but most of the times i made money. I still remember i made 5 figures from a short term trading of SBI Offshore in the past. I used a catalyst to buy and held for about a month then sold them. But does this kind of strategy suit my personality and is able to deliver a good return for me in a long run? Recently i was very tempted to...

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The Little Book That Still Beats The Market – for my own references….

I just finished “The Little Book That Still Beats The Market” – by Joel Greenblatt (1) Buying a share in a business means you are purchasing a portion (or percentage interest) of that business. You are then entitled to a portion of that business’ future earnings. (2) Figuring out what a business is worth involves estimating how much the business will earn in the future. (3) The earnings from your share of the profits must give you more money that you would receive by placing that same amount of money in a risk-free 10-year U.S government bond (for US...

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Poor Charlie’s Almanack: Investing Principles Checklist

(1) Risk – All investment evaluations should begin by measuring risk, especially reputational: 1. Incorporate an appropriate margin of safety 2. Avoid dealing with people of questionable character 3. Insist upon proper compensation for risk assumed 4. Always beware of inflation and interest rate exposures 5. Avoid big mistakes; shun permanent capital loss (2) Independence – “Only in fairly tales are emperors told they are naked”: 1. Objectivity and rationality require independence of thought 2. Remember that just because other people agree or disagree with you doesn’t make you right or wrong – the only thing that matters is...

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Portfolio Value as per 31 December 2018

No. Counters No of Shares Market Price per Share (SGD) Total Value (SGD) 1 AEM 50,000 $0.825 $41,250.00 2 Best World 25,000 $2.630 $65,750.00 3 Centurion 50,000 $0.415 $20,750.00 4 Innotek 190,000 $0.415 $78,850.00 5 SingMedical 250,000 $0.400 $100,000.00 6 Sunningdale 60,000 $1.440 $86,400.00 7 Tat Seng Packaging 50,000 $0.610 $30,500.00 8 Cash $19,043.50 TOTAL: $442,543.50 (1) Sold 25,000 shares of Best World at $2.43 per share. (2) Bought SingMedical to have the total of 250,000 shares with an average cost of 42.40cents per share. (3) My portfolio has grown from $402,954.15 (as per end December 2017) to $442,543.50....

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Singapore Medical Group (SingMedical)

I bought 112,000 shares of SingMedical at average price of about 43.71cts per share. My projected minimum guaranteed yearly net profit of SingMedical going forward (at least 5 years): (1) Ciputra Eye Indonesia: $60,000. (2) Astra Women Clinic: $4,615.000. (3) Cancer Centre: $2,400.000. (4) Kids Clinic: $2,300.000. (5) Baby & Children Specialist Clinic: $1,000.000. (6) Pheniks: $500,000. ————————————————————————————————- Total: $10,875,000. Below might have some contributions going forward: (1) CHA (Vietnam & Australia market). (2) Novena Radiology & Lifescan Imaging. (3) New dental clinics. What am i buying into SingMedical? (1) SingMedical aims to be a Medical Disruptor in medical...

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Portfolio Value as per October 2018

  No. Counters No of Shares Market Price per Share (SGD) Total Value (SGD) 1 AEM 48,000 $0.820 $39,360.00 2 Best World 50,000 $1.490 $74,500.00 3 Centurion 50,000 $0.435 $21,750.00 4 Innotek 190,000 $0.430 $79,800.00 5 SingMedical 112,000 $0.455 $50,960.00 6 Sunningdale 60,000 $1.510 $90,600.00 7 Tat Seng Packaging 50,000 $0.670 $33,500.00 8 Cash $11,670.27 TOTAL: $402,140.27 (1) I have skipped to post my portfolio value for the month of August & September as there were not much buying/selling …...

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Business Valuation

What is Business Valuation and How do i value the business that i am holding? The fluctuation of my portfolio value from one month to the other has been forcing me to think hard and thoroughly about my valuation method in valuing businesses. Sunningdale’s share price had reached its peak of about $2.40 per share a few months ago and has dropped down to $1.40 per share as per current price (my paper profit has also dropped down by $60k). AEM’share price had reached its peak of about $1.90 per share a few months ago and has dropped down...

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My Investment System Reflection – 2

What kind of Selling Strategy should i implement in my BSPA? Before buying into a company, i should do my homework to read the company’s quarterly & Annual reports to derive my Intrinsic Value of the company for 4 years ahead. How do i do that? (1) I am buying this company for it falls into which category of my Investing? 1. Value Growth? 2. Deep Value? 3. Dividend? (2) Which industry does this company falls into? 1. Food & Beverages? 2. Consumer Products? 3. Manufacturing? 4. Semi-conductor? 5. Information Technology? 6. etc (3) What is the industrial PE...

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My Investment System Reflection – 1

My portfolio value had reached its peak at about $530k mid of April and fell all the way down to about $380k mid of June. It was just 2 months away, my portfolio value had been up and down for 30% in variation. This tells that investing in stock market will never be easy. It involves human emotion: greed, fearful, daring, worry, eagerness, willing and unwilling, and all macro issues around us. As for me, i am doing my best to create a System for my Investment – will call it BSPA. A system that is able to work...

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My Sytem Modification 1

1. Investing is a PROCESS, a Journey and it is NOT a destination. 2. NEVER add/average UP a company with ROE lower than 15% (low ROE)! 3. Do NOT let GREED taking over our calculation based on data. Buying a Company: The 1st thesis of investment: (1) Value Growth? – good balance sheet, good business model, good management, ROE > 15% (2) Deep Value? – good balance sheet, good management, stability of business/revenue, ROE < 10%. (3) Asset Value? – good balance sheet with undervalued price to asset value. (4) Dividend? – good balance sheet, good business model, good...

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Portfolio Value as per July 2018

No. Counters No of Shares Market Price per Share (SGD) Total Value (SGD) 1 AEM 48,000 $1.100 $52,800.00 2 Avi-Tech 100,000 $0.380 $38,000.00 3 Best World 50,000 $1.310 $65,500.00 4 Chasen 300,000 $0.076 $22,800.00 5 Innotek 190,000 $0.400 $76,000.00 6 Sunningdale 60,000 $1.360 $81,600.00 7 Tat Seng Packaging 50,000 $0.690 $34,500.00 8 Cash $24,556.80 TOTAL: $395,756.80 (1) Bought back Chasen after some considerations. (2) I have been doing some self reflection for these past few weeks to restructure my strategy again. My buying – selling – buying Chasen acts have not been really pleasing to my Investment Strategy. – Reading “Rich Dad’s Prophecy...

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Warren Buffett’s Gems

Some of Buffett’s gems which i wish to keep reminding myself: “If you buy things you do not need, soon you will have to sell things you need.” “Do not save what is left after spending, but spend what is left after saving.” “If you don’t find a way to make money while you sleep, you will work until you die.” “You only have to do a very few things right in your life, so long as you don’t do too many things wrong.” “I don’t look to jump over 7-foot bars; I look around for 1-foot bars that...

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Portfolio Value as per June 2018

No. Counters No of Shares Market Price per Share (SGD) Total Value (SGD) 1 AEM 48,000 $1.150 $55,200.00 2 Avi-Tech 100,000 $0.390 $39,000.00 3 Best World 50,000 $1.320 $66,000.00 4 Innotek 190,000 $0.355 $67,450.00 5 Sunningdale 60,000 $1.330 $79,800.00 6 Tat Seng Packaging 50,000 $0.725 $36,250.00 7 Cash $46,656.80 TOTAL: $390,356.80 (1) I have divested Chasen. (2) Total dividend collected for HY2018: $8,580. (3) Accumulating my war chest...

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Portfolio Value as per May 2018

No. Counters No of Shares Market Price per Share (SGD) Total Value (SGD) 1 AEM 12,000 $1.480 $17,760.00 2 Avi-Tech 100,000 $0.405 $40,500.00 3 Best World 50,000 $1.240 $62,000.00 4 Chasen 400,000 $0.690 $27,600.00 5 Innotek 190,000 $0.365 $69,350.00 6 Sunningdale 60,000 $1.270 $76,200.00 7 Tat Seng Packaging 50,000 $0.800 $40,000.00 8 Cash $16,042.75 TOTAL: $349,452.75 (1) I have divested all my 800 Super with a profit of about 15% including of dividend. I think 800 Super business is still good, but the ratio between cash and debts is really too low, so i have decided to divest it....

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My Portfolio Management – Building & Sitting On CASH!

Investing for me: owning a business Holding period: infinite (or longer time horizon) Monetary gains: working towards achieving my 1st million of profit thru investing as soon as possible Strategy: 1. To search for brilliant business with good economic moats, being managed under good management team, and is offering at bargain price. 2. To continue building and sitting on cash so at any moment an opportunity arises, i can act fast! (I need to really work harder on this!) “It takes character to sit with all that cash and to do nothing. I didn’t get top where I am...

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