Author: CoryLogics

Cory Diary : Cory Worth and Markets

Overview Net Worth slip back to mean growth after last year Chinese Market onslaught. China market went feverish which I anticipated it will fall as it does not matches with Xi anti-corruption drive. When the brick hits my chart still went for a dive and ended up with a lower gear of the continuum norm.We are now slightly a quarter period more before 2016 year finish and I hope we did not hit a brake like in 2015.  Roughly six months to come back up to the Pre-Crash level. Top left of the chart is the “Is” and “Is...

Read More

Cory Diary : SEMBCORP MARINE LTD

I feel history today and do a quick study. Is like a review after a great battle. I am not vested in Oil and Shipping Industry directly but that doesn’t mean I should not read up on it. So whatever I find and understand is subjective and conclusion could be wrong. Started with an article from BT dated FEB 16, 2016. http://www.businesstimes.com.sg/transport/sembmarine-cosco-buffeted-by-s1-billion-in-combined-q4-losses “THE strain of low oil prices on the offshore and marine sector was in full display on Monday, as two heavily-exposed Singapore-listed companies reported a combined S$1 billion in fourth-quarter losses.” “The losses were partly the result of...

Read More

Cory Diary : Misleading CAGR

Smoothed return It assumes a smoothed return over the period that’s measured. In reality, investments experience significant short-term ups and downs. Be careful when you are sold with 1 Year to 8 Years performance. On 7-8 years, there’s a low due to GFC that time in 2008 on crash and huge recovery. All monkeys able to perform. Fine ! Not all monkey just “99.5%”. Size of fund What this means is that a fund manager can work on multiple small funds, and then select the few that happens to wins over the measured period and present them to you....

Read More

Cory Diary : Did DBS got SWIBER’ed

The Swiber collapse put a possible dent of $350 M into DBS after secured. Unsecured asset to me doesn’t mean no value, just much lesser especially during a poor market condition. Even then, I am surprise the total loan exposure is in the tune of $700 M. In my previous reading just 2 weeks ago on Q1 DBS result, it has a profit on $1.234 B. It has an allowance in the report of $170 M.If is a one-off thing, it could a good thing to buy on dip. However is it ? DBS has to put it whole segment...

Read More

Cory Diary : Fascination with XIRR

XIRR is a feature use in Excel to measure rate of returns. Best for measuring irregular returns such as stock transactions. XIRR is also the formula we enter in Excel spreadsheet to measure investment performance in a compounded way.Just type in a single cell in the Excel “XIRR(” and a help note will appear “XIRR(Values,Dates,[guess])“. Values is the value of your trade transaction. Date is the day transacted. Typically we can ignore “[guess]”.Basically the we only need to care for “XIRR(Values,Dates)“. If you have weird answer, then “[guess]” needs to be use but this is rare and is due to...

Read More

Cory Diary : Cutting Loss in Stock Market

Need to ask myself DEEPLY. Especially after cbox sessions this days ….When cutting loss, do I based on fundamental of the stock to decide, wait for good price that can hit or the price we enter ? Do we logically think Market will react to push up the price for us to sell or it works in a mysterious way that it will always fluctuate to our buy price for us to sell ? When have lots of cash, no cut loss. Use the money in the bank to buy more in new investment. Are there direct connection between...

Read More

Cory Diary : XIRR Performance – Mid Year 2016

Share investment is Passive as I do not need to run the business behind each stock. I am not answerable for their business. Therefore the amount of time spend researching on the stock is relatively minimal compared to typical worker effort.Many people have different kind of definitions. Mine can change overtime ! I do not feel like pricking the logic today. Instead of challenging views and web definitions, maybe is better instead to explain the inner voice on what we really want. Do we need an alternative income that can boost one current salary with minimal effort and in...

Read More

Cory Diary : Experience in New Private Apartment enquiries

Like to record my experience on my property enquiries on a new private apartment. Using $1M amount as a reference calculation on the loan and fees needed. Recorded to the best of my memory re-collection using one hour of my morning time today to type. Hopefully no error in my understanding and re-collection. Property AgentAn agent Trust Worthiness is important. Diligent and supportive are key criteria. Willingness for long term relationship will indicate his character clearly. Getting the right person is the first step in my property search. He is also the key person i ask about home procedures, lead...

Read More

Cory Diary : Selling a Dream

A Dream is Mathematically Insane. Practically Impossible. Is Basically Irrational. Toto Strike assumes $1 M. Someone drawing 100 K annual income get 1 Toto strike every 10 years surely. Those drawing 250 K annual salary will reduce to 4 years. Can strike Toto 10 times in 40 years ! Want to get out of rat race ? Work hard and Smart. Study hard if you can. Save and Invest I like. Marry up also can. Will make it easier. Is not sure win but the path to success is there. Want to vote for a dream because it is...

Read More

Cory Diary : Reading DBS GROUP HOLDINGS LTD First Quarter 2016

DBS Stock Price 8th July ’16 : $15.70 since the low of $13.02 Feb and high of $21.43 July last year. That’s +17.1% from bottom and -36.5% respectively from top. That’s more than one third drop in price.DBS First Quarter 2016 Retail income increased 29%. Loan and Deposits up 35%. Investment product flat. Strong results. Used 8th July price to compute below. Non-Performing Loans (NPL) 1.0% Past quarters increased from 0.9% to 1.0%. Percentage increase 11%. NAV $16.39 Increases $1.09 from $15.30 2015Q1. That’s 7.1% up. BV will be 0.96. EPS $1.92 annualised. That’s 12.2 % earning yield. PE 8.5. Dividends...

Read More

Cory Diary : Middle Income Crisis

Gross Monthly Income From Work Median Gross Monthly Income From Work of Full-Time Employed Residents for Year 2015 : S$3949Monthly Income After deducting Employer CPF : S$3375 “The variable portion of your wages can include the 13th month bonus or Annual Wage Supplement (AWS), bonus and variable payments. These payments are not compulsory, unless they are in your contract.” Assuming 3 months including AWS, Annual Income including employee CPF : $50,625 If you are drawing annual income in the range of $100,000, do you still consider yourself “Middle Income”...

Read More

Cory Diary : Frasers Centrepoint Trust 3Q16

3Q16 Results HighlightsThe main theme is North Point on-going AEI. Not to be mistaken by the picture, 3/4 on the right is the up coming malls below North Park Residence ( Integrated Condo ) which will be attached to North Point of FCT. The whole area will be the future north star of Singapore with integrated facilities such as library, community centre, mrt, bus interchange ground, garden, condo with lots of pools, Cinema, Food courts, malls and more malls. Hospital and schools nearby and a bridge connected to the hinterland. Financial performance • 3Q16 DPU of 3.04 cents, up...

Read More

Cory Diary : Equity Dividends 2016 Q2

Still in the atmosphere of Brexit, market is roaring back. So much on the fallout !At the same time Telco has a good run with talks on the 4th Telco viability. Seems like everyone has forgotten about the slow growth of major economies. True to my prediction, it is exciting time ! Year to date (Q2 ’16) I have collected $14,851. This bring my cumulative dividends since Year 2005 to $162,679. There will be challenge beating $31,169 dividends registered in 2015 due to I have taken profits on a number of counters and with more to come if the...

Read More

Cory Diary : Reading UOB Bank First Quarter 2016

UOB Stock Price 8th July ’16 : $18.15 since the low of $16.81 early this year and high of $25 last year. That’s +7.4% from bottom and -25% respectively from top. That’s a wide range of pricing so what’s are the fundamental change during this period ?UOB First Quarter 2016 Let start with loans and operating performance by Country information. What I find interesting is Greater China information which records S$28 M profit reduction. Indonesia registers strong profit growth which maybe at a huge price which i will come later. Gross Loans Operating Profits Non-Performing Loans (NPL) 1.4% Past...

Read More

Cory Diary : Read up on Retirement

The whole idea of Investment is so that we have more money. People who say they don’t probably already have enough. That’s the reality unless we trying trying to poke holes into exceptions.Instead of re-inventing the wheel I should tap on other brains. There are plenty strong logics out there as anonymous I like to share. Here you are. Cannot imagine that after working hard for 30 – 35 years, you would want to cut back everything and live like a hermit upon retirement? Retirement is a time to take back your life and live! Do the things you...

Read More

Like us on Facebook

Follow us on Twitter