Author: CoryLogics

Cory Diary : Middle Age Crisis – do I have a plan ?

Remembered countless once running in the military with SBO, Helmet and Rifle. The run is like short 10 minutes but I swear is like forever. This is felt by most with varying fitness level. Reason being the pain to endure the gruelling training is agonizing. Time clicks at it slowest. After which when returned to bunk, an hour of rest time quickly past. Well I did feel good about my achievement after.Time flies very fast when we are enjoying life. Most will likely earn good salary between age 35-45. And this is the time where we feel the power...

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Cory Diary : 2016 Singapore Budget – The Intangible ?

Just went through the ST report on 2016 budgets. I find this year interesting. Ability to focus of the future especially the intangibles while taking some immediate necessity. I can see there is guts in the Minister and that’s what visionary leaders should be.KIDSTART PILOT PROGRAMME I thought this is excellent. Many a time is the environment that shape us therefore same with disadvantage kids. $20K per kid for 1000 is a relative small amount to pay if it can successfully uplift the bottoms. OBS IN CONEY ISLAND Another intangible program but important to groom future leaders of Singapore....

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Cory Diary : Trading Management

Each year I have roughly 20 stocks counters however I can conduct more than 150 trades annually. How do I keep track of expenses, trades, counters, dividends, corporate actions and remember all my plans ? The best way to do this is to design my own portfolio management that I am most comfortable with. There is also certain level of privacy on sensitive positions. I do not trust 3rd party tool or cloud things. Below is an example of how I do them. And the best way to do them is in Excel. This trades were done in 2015...

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Cory Diary : Is all about Inflation, Stupid !

According to mom ( http://stats.mom.gov.sg/ ) the gross monthly income from work is as follow. Gross Monthly Income From Work  Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents Mid-Year 2006 2007 ​2008 2009 2010 2011 2012 2013 2014​ 2015   Levels ($) 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705 3,770 3,949 The average annual increment compounding % probably roughly about 5.4%. Going to another website on Singapore CPI, the chart as below. Roughly 2.7%. Thanks to the tapering off in 2015-2016 due mainly I believe to the property curb and low oil price. It...

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Cory Diary : Burst Week helps my portfolio to hit XIRR YTD : 0.21%

For some unexplained reason, this week STI ended with about 200 Points up. This explains why one should try to avoid timing the market as the burst can evaporate away as fast as it comes. I hope it won’t but I am ok if it does as being just positive in returns are rare in recent times :)As I mentioned in my earlier article (do note the period), is one of the good time to buy stocks for future greater returns be it dividends or capital gains. There will always be the other reflection that challenge myself that it...

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Cory Diary : Retrenchment

Having worked many years in large corporation, retrenchment is not a new thing. This usually happens with Business consolidation aka Organization changes. Often it comes down to just poor business environment and need for more profitability. When tough calls come, someone has to be let go and we can roughly guess who will be though not with some uncertainty. Nevertheless the uneasiness is always there.Well to cut the story short, I got a cold call from my upper management just before Chinese New Year and quickly realised there has been a major re-organization. Fortunately to me, I have been...

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Cory Diary : Singtel Q3 FY16: Quarter ended 31 December 2015

Quick View of the Singtel ResultQ3FY16 EPS $0.0597. Stable Earning Results. If we annualized it over S$3.73 share price is 6.4% Earning Yield and a Potential 4.7% Dividend. Borrowing increased another Billion …(likely due to “certain bank loans of Trustwave, secured on the assets of Trustwave and shares in certain of its subsidiaries.”). Net debt gearing 26.6%. So not going to do deep dive. FCF decreased 13%( Higher working capital for customer acquisition & retention in Australia ) “A Battle Hardened Titanic” again showing quite decent results from it’s Region Wide Strategy. At a time of volatility in the world...

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Cory Diary : Fear is on Our Side

In the past, in order to be rich I need to be a Business man. Maybe professional fields like a doctor or a reputable lawyer, to retire comfortably. Bottom line is … not easy for majority of people. In today Singapore, a working employee can have a million dollar investable asset just on Salary alone if they save diligently, and work in a good institution or company. Is still not a walk in the park though but chances are they are much more such people today. This pose a big problem because commoners who are able to save that...

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Cory Diary : War chest

Even though Chinese Stock Market has been my primary concern in my earlier blog  ( link ) near end of last year. Never would I expect the Chinese Stocks to come down so fast and furious. Artificial brutal control do not work well in a capitalist market structure where there aren’t good fundamental to support it. Is a good thing that they removed the newly introduced circuit control as this can allow the market to quickly stabilize to the right sustainable level. Question will be what is the Right Level ? If we look at the Shang Hai Index...

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Cory Diary: Reading Frasers Centrepoint Trust Annual Report 2015

Just received the latest annual report this week. Taking some notes.Titled “SUSTAINING LONG-TERM GROWTH”. This tells me something or am I reading too much into it ? Financial Highlights Share price is below book value.  6.3% Yield. Less impacted by the poor retail environment. AEI Northpoint – 2nd largest mall in the portfolio will undergo AEI in phases over 18 months. There’s hint on possible acquisition of new assets in their sponsor’s portfolio. Nevertheless I look forward to the NPI number due to the AEI impact ! Occupancy and Expenses 84.2% occupancy in Bedok Point. Maybe they should sell...

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Cory Diary: 2015 Investment Performance

Every year I assess my performance and this year is no different. My wish is, this can be my sustainable alternate income that I can do alone as my own boss and hopefully supports my retirement meaningfully. I do not believe handing over my fund for investment purpose to friend, institution, insurance or unit trust. You have to learn to do it yourself be it passive or full time and no one will be more passionate than your own to make sure they are manage safely within your own parameters. I enjoy the experience and learning process.There are 2...

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Cory Diary : Impact of Increasing Rates on Home Loan

As all property owners, with increasing rates and weakening economy, there is some worry we may have difficulty paying our loans. We need to have a feel to assess how much an impact it can be in the future. So here’s what I did using an on-line loan calculator for my calculation. For a respectable condo size and location, S$1.125 M dollar price tag rounded up to $900 K loan amount at 80% loan to value. Applying DBS FHR18 +1.8% ( 3rd Year ), FHR18 is around 0.6% currently per DBS website.  Loan Rate 2.4% This works out to...

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Cory Diary : Portfolio updates 20151226

Seems nothing is safe out there. And the thing hanging over likely China Stock Over Valuation and Singapore Growths. The 3 local big banks have seen dramatic price reduction in the range of -20 to -25% despite good overall earning. That’s a crash isn’t it ? Even the Teleco is not spared ranging -20% to -30%. M1 more on the 4th Telecom impact. If we are thinking this is all about stock price or employment rate then we need to look and get a feel on the ground. Tell these to those vested in Property, Oil and Gas, Commodity,...

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Cory Diary : Portfolio update 20151012

If someone has said in the beginning of the year that China will be the main reason that STI enters correction territory it will be quite hard to accept. Such is the market dynamic. Hard to anticipate even for expert.Is the correction over with recent days run up ? Well just looking at the 1 yr and 2 yr charts, seems so. However 5 yr and 10 yr charts are yet confirm. That’s my own view. Time will tell ! My portfolio ytd went down -5% at the worst period and recovered to -2.6%. STI still at -10% today....

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Cory Diary : Traps to Avoid

Portfolio Management Land Mine  ( 地雷 ) As the name feared, the misfortune of stepping on one is terrible. Will likely to have a limp blown off. A dent that is not easy to recover from. In stock context probably -50% to complete loss in a counter and depending on it’s size in the portfolio it can be quite damaging to my overall returns. The fewer stocks I have in my portfolio, the higher my concentration. Too many stocks and i will exceed my bandwidth to monitor them. Growth Stocks  ( 成长股 ) High PE typically. To maintain this story the growth needs...

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