Author: CS Jacky - 360 Wealth Management

Is Tencent Holdings Limited Still a Buy Now?

I intentionally held off writing about Tencent’s earnings. One reason is I want to see market’s reaction to the earnings, and also to allow myself a more objective analysis after much of the media hype and noises had died down. I will just be comparing year-on-year figures as quarter-on-quarter change is too short a period to form any meaningful analysis.  For a company that is still growing strongly I will be looking at just the revenue and profit, margin, and cash flow, as I seek to find out if the growth rate is still intact.  Earnings Source: Tencent 2Q...

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Is Tencent Holdings Limited Still a Buy Now?

I intentionally held off writing about Tencent’s earnings. One reason is I want to see market’s reaction to the earnings, and also to allow myself a more objective analysis after much of the media hype and noises had died down. I will just be comparing year-on-year figures as quarter-on-quarter change is too short a period to form any meaningful analysis. For a company that is still growing strongly I will be looking at just the revenue and profit, margin, and cash flow, as I seek to find out if the growth rate is still intact. Earnings Source: Tencent 2Q...

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Which of These Investing Scenarios You Don’t Wish to Encounter?

Assuming you have conducted due diligence assessing the investment merit of a company. All things seem good – growing revenue, earnings, low debt, strong fundamentals, management hold large stakes etc. So it passes your investment screen. The Following scenarios might occur. Share Price Shot up After Your Analysis Before you have bought it.  I am sure many have experienced this before. You have done your homework, you were confident in the company’s prospect, outlook is good, market is there to seize.  Then you got pre-occupied with other life matters. You got busy. And maybe two weeks later, share price...

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Which of These Investing Scenarios You Don’t Wish to Encounter?

Assuming you have conducted due diligence assessing the investment merit of a company. All things seem good – growing revenue, earnings, low debt, strong fundamentals, management hold large stakes etc. So it passes your investment screen. The Following scenarios might occur. Share Price Shot up After Your Analysis Before you have bought it.  I am sure many have experienced this before. You have done your homework, you were confident in the company’s prospect, outlook is good, market is there to seize.  Then you got pre-occupied with other life matters. You got busy. And maybe two weeks later, share price...

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Sunday Times Article – 53 Tips for Better Financial Health

I read with interest this article on Sunday Times today on the 53 important points about personal finance. There are few points which I think are absolutely critical to one’s financial well-being, especially for beginner anyone or working adults just started on his investment/financial journey. Saving11 – The 50/20/30 Budget. A budgeting guideline that suggest spending 50% of income on living expenses and essentials; 20% for financial goals like savings and investments; 30% for discretionary spending. I feel that 20% for financial goals is actually too low. If one is serious about growing wealth, one should place protection and...

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Sunday Times Article – 53 Tips for Better Financial Health

I read with interest this article on Sunday Times today on the 53 important points about personal finance. There are few points which I think are absolutely critical to one’s financial well-being, especially for beginner anyone or working adults just started on his investment/financial journey. Saving11 – The 50/20/30 Budget. A budgeting guideline that suggest spending 50% of income on living expenses and essentials; 20% for financial goals like savings and investments; 30% for discretionary spending. I feel that 20% for financial goals is actually too low. If one is serious about growing wealth, one should place protection and...

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You Could be Unknowingly Timing The Market with These Actions

Most, if not all, of the investors I encountered agree that it is extremely difficult to time the market successfully, meaning trying to buy at absolute bottom and sell at absolute high to earn maximum profits. But I see many investors deciding their buying and selling that are supposedly based on sound rules and experience, but are actually timing the market unknowingly. I believe the underlying reason for such behaviour is due to emotional biases in investing. One is the anchoring bias, and the other is the tendency to project future price movement based on recent patterns. For the...

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You Could be Unknowingly Timing The Market with These Actions

Most, if not all, of the investors I encountered agree that it is extremely difficult to time the market successfully, meaning trying to buy at absolute bottom and sell at absolute high to earn maximum profits. But I see many investors deciding their buying and selling that are supposedly based on sound rules and experience, but are actually timing the market unknowingly. I believe the underlying reason for such behaviour is due to emotional biases in investing. One is the anchoring bias, and the other is the tendency to project future price movement based on recent patterns. For the...

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Reflections from Recent Seminar

Or rather, observations, from my recent seminar held just over the weekend. I shared how should investors go about analysing investment moat of a company, identifying stocks with modest growth rate and comfortable yield so not to be affected by market’s sudden change of trend, and selecting strong REITs using the GOV framework and balance sheet analysis. There was also a major segment dedicated to investor psychology with my personal experience/tricks to better handle the emotional roller coaster, and practical portfolio management. It was a good session with active participation from audiences. At least they were awake, listening and...

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Reflections from Recent Seminar

Or rather, observations, from my recent seminar held just over the weekend. I shared how should investors go about analysing investment moat of a company, identifying stocks with modest growth rate and comfortable yield so not to be affected by market’s sudden change of trend, and selecting strong REITs using the GOV framework and balance sheet analysis. There was also a major segment dedicated to investor psychology with my personal experience/tricks to better handle the emotional roller coaster, and practical portfolio management.It was a good session with active participation from audiences. At least they were awake, listening and engaged....

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Three Takeaways from MNACT AGM

MNACT? What stock is that? In case you are still unaware, Mapletree Greater China Commercial Trust (MGCCT) recently changed their name to Mapletree North Asia Commercial Trust (MNACT), to reflect expansion of investment mandate to whole of North Asia. As one of my income stocks, I attended its AGM on 18 Jul to find out more about its past year performance and future growth strategies. Here are my three takeaways from the AGM. Choice of Private Placement over Rights Issue for Recent Fund Raising One unit holder asked the management why was there no rights issue during the recent...

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Three Takeaways from MNACT AGM

MNACT? What stock is that? In case you are still unaware, Mapletree Greater China Commercial Trust (MGCCT) recently changed their name to Mapletree North Asia Commercial Trust (MNACT), to reflect expansion of investment mandate to whole of North Asia. As one of my income stocks, I attended its AGM on 18 Jul to find out more about its past year performance and future growth strategies. Here are my three takeaways from the AGM. Choice of Private Placement over Rights Issue for Recent Fund RaisingOne unit holder asked the management why was there no rights issue during the recent fund...

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Education Series: STI End Q2 Quick Observations

Technically this market snapshot is not really end Q2 – its is already one week into July as I wrote this article late. But market had some big movements on Fri 6 Jul, after latest round of property cooling measures announced on Thursday (5 Jul) night. So i might as well base this article on 5 Jul closing price, to better reflect latest market movement. Source: Business Times, 7 Jul 2018 Q1 article can be found here. As of last Friday, there was only one company priced above 75th percentile of its past 52 week price range: Comfort Delgro....

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Education Series: STI End Q2 Quick Observations

Technically this market snapshot is not really end Q2 – its is already one week into July as I wrote this article late. But market had some big movements on Fri 6 Jul, after latest round of property cooling measures announced on Thursday (5 Jul) night. So i might as well base this article on 5 Jul closing price, to better reflect latest market movement. Source: Business Times, 7 Jul 2018 Q1 article can be found here. As of last Friday, there was only one company priced above 75th percentile of its past 52 week price range: Comfort Delgro....

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Silver Linings in This Down Market

Singapore stock market undergoing some rough patch now, as STI has dropped about 11% from 3,640 to 3,240. Once in a while the market will catch a cold, and this is when all the negative news will surface prominently in media. Future looks bleak and stock market seems to be falling off a cliff. Human nature, being risk averse, will start thinking about getting out of market, avoiding the downturn until the coast is clear. But let’s remember that market always climb a wall of worries, and eventually it will recover. We were even able to survive and prosper post-2008...

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