Author: Investment Moats

On Bonvest

By: Drizzt I mentioned that during this correction, some of these stocks that you like have come down to rather reasonable valuations. Bonvest could be one of them. I do like Bonvest when it is below $1, much because of its diversified business of Food,Industrial, Hotel and Property. A check shows that the last quarter has edge decent revenues and profits. The more important question is whether, like most of the property shares, they are correcting from absurd valuations. Capitaland, Wingtai, Wheelock are some of the companies that have come down alot. That seems to mirror what Albert Lam...

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Is there any reason for the fall in high yielding dividend counters?

By: Drizzt I know alot of folks are fans of high yielding stocks and are heavily vested in it. If you have notice recently, alot of these high yielders are falling like flies. What happens in such a situation? the yield gets more attractive. some good examples are MIIF, Allco REIT, Cambridge REIT, Babcock & Brown. So do they make a good buy now? I’m still investigating the repurcussions of the subprime mess and credit squeeze and their effect to these counters. Personally for me to be vested, I would really need a bloody large yield to make me...

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Adding Alternatives to your allocation

By: Drizzt Readers here would have noticed that I do have much info here dedicated to commodities, gold or energy in my weblog. This is because going forward, these alternatives have a huge potential to provide that alpha growth for your portfolio. Alternatives as an asset class Critics of commodities would point to the 20 barren years where they go nowhere and give negative returns annually. However, it has become an asset class that cannot be ignored going forward. Like REITs, it provides a low correlation to normal equities and bond price movement. In fact, the correlation of commodities...

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Sovereign Wealth Funds to the rescue?

By: Drizzt In the midst of the current financial turmoil, how do I see equities in the 2-5 year horizon? While most would bet that the Emerging Markets will do better than the developed markets of US and Europe, I wouldn’t be so sure on this. Sovereign funds, for example the likes of Temasek, have been starting to materialise for many countries. The government of these countries typically have a large reserve of foreign currency exposure invested in low risk assets such as bonds. However, they look to increase their risk appetite by forming this funds to take more...

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Of Annuities and Policies

By: Drizzt I was reading about annuities implementation and was forwarded to REACH the Singapore Government website to voice their view. Personally i wonder what the fish is that site for and whether any of the comments would be heard. So much post in there that people took time to write will be useless cause its just an “initiative” to create a facade of openness. Any way, the discussion is about annuities and this guy call Black Knight brought up a rather interesting pt: “I’d made my calculation to make my case on why we should put the S$700mil...

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