Author: Investment Moats

Hazy Work Day

By: Drizzt Its one of those days where you woke up at 4.30 am cause you can’t get used of sleeping early. Contrary to what many of my friends believed, I don’t check the mkts but checked some NBA scores and read some decorating sites. That hasn’t stopped me from noticing this article at Bespoke on the oversold conditions of the country. Apparently,Singapore is not too far off the trading range as compared to some other countries.India is severely oversold by this standard. I am thoroughly surprised by this. This might present a good opportunity for you country timers...

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Orient Century

By: Drizzt This company was brought to my attention by Brandon. What attracted him to this was its huge cash holding. I see this as more of a lack of opportunity to deploy this large cash holding. The education business in China should have plenty of room to grow. Raffles Education has been making headway into this area. Knowing that they are a shareholder in Oriental Century is comforting. The last Net operating profit after tax stands at 30 million RMB. At 42.5cts, its mkt cap is 401 mil RMB. Its got a cash holding of nearly 163 mil...

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How to create a budget plan in 10 easy steps

By: Drizzt Before you can think about investing or buying insurance, you need to think about funding for these 2 items in the long run. Lets just say that buying a whole life policy is not a 1 year 2 year affair. You will be paying for almost 20 years to probably when you are 65 years old (And it can get even longer then that!) To grasp you can commit long term cash to such items, you will need to have a strategic budgeting plan for your family or your combined disposable income. My plan entails 10 steps....

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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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