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Musicwhiz

November 2010 Portfolio Summary and Review

November 30, 2010 by Musicwhiz
Make no mistake about it – November 2010 was a rather sensational month, not just buoyed by news of QE2 (Quantitative Easing) and Hong Kong’s more draconian property measures, but was also filled with financial results announcements from five of my companies. This of course got me in a minor frenzy and had me busy [...]

in Categories: Uncategorized

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Boustead – 1H FY 2011 Financial Analysis and Review Part 1

November 27, 2010 by Musicwhiz
Boustead released their 1H FY 2011 financial statements on November 9, 2010. As has been the practice over the last few years, I will be reviewing just the half-yearly and full year results, and will post some comments and updates on the Company and its progress. Note that I will also include information from recent [...]

in Categories: Shares and Derivatives

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Personal Finance Part 20 – The Curious Case of Financial Literacy in Singapore

November 23, 2010 by Musicwhiz
Perhaps I’ve been harping too much on this issue in my monthly portfolio ramblings, but it just occurred to me that Singaporeans (the youth in particular) are either becoming more and more ignorant of financial matters, or that it has been the case all this time but no one bothered to bring it up to [...]

in Categories: Personal Finance

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MTQ – Analysis of 1H FY 2011 Financial Statements

November 19, 2010 by Musicwhiz
For MTQ, which releases its financial statements only half-yearly and not quarterly, it is important for me to review them each time they are published, as the next chance will only come six months later. The Company will publish a newsletter around this time to update shareholders of material developments within the Group, and also [...]

in Categories: Shares and Derivatives

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Maturing as an Investor

November 6, 2010 by Musicwhiz
As the months go by, our experience as a human being continues to build up; whether it be with work, relationships or, investing! Every now and then, I will take a step back and reflect on what I had learnt in the past few months as a result of either reading, observation, thinking or analysis. [...]

in Categories: Featured, Investing

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October 2010 Portfolio Summary and Review

November 1, 2010 by Musicwhiz
October 2010 was another relatively quiet month in terms of corporate announcements and business news. Despite the constant trickle of economic news and data coming out of the USA and China, there was not much of an impact in terms of stock market movements and sentiment. It could be that people are either more de-sensitized [...]

in Categories: Investing

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Ezra – Review and Analysis of FY 2010 Financials and Comments on Proposed Acquisitions

October 29, 2010 by Musicwhiz
Ezra released their FY 2010 financials on October 22, 2010; and at the same time, there was also an announcement on the acquisition of two companies for a combined US$325 million (US$250 million + US$75 million). The details can be read up on SGXNet, so I will NOT be posting the salient aspects of the [...]

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SIA Engineering – Analysis of Purchase Part 4

October 27, 2010 by Musicwhiz
For Part 4 of this Analysis of Purchase, I move on to competitive analysis by comparing SIAEC to competitors within the same MRO industry. One is from Singapore (ST Aerospace, a division of ST Engineering Limited, listed on the Stock Exchange of Singapore), another is from Hong Kong (Hong Kong Aircraft Engineering Company or HAECO, [...]

in Categories: Shares and Derivatives

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September 2010 Portfolio Summary and Review

October 4, 2010 by Musicwhiz
As expected, September 2010 was a very quiet month with hardly any corporate announcements from the companies in my portfolio. This was to be expected as September has traditionally been a very quiet month, and I have confidence that the businesses I own are slowly but surely building up their competencies and capabilities to tackle [...]

in Categories: Featured, Investing

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Sun Tzu – War On Business Part 13 (Palate Palette)

October 2, 2010 by Musicwhiz
We have come to Episode 13, which is the final episode of the Sun Tzu series, and it’s one which brings us to Kuala Lumpur, Malaysia; a country which has not been covered so far in this series. Here, James Sun meets up with a lady called Sun-Ann Wong (“Su-Ann”) who runs a café cum [...]

in Categories: Business, Featured

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SIA Engineering – Analysis of Purchase Part 2

September 27, 2010 by Musicwhiz
Part 2 of SIAEC’s analysis of purchase will look into its Business Divisions and provide some background on what the Group does; and also follow the history of each division. SIA Engineering Company has two dominant business divisions – namely repairs and overhaul (forming the bulk of their MRO business), and line maintenance, which includes [...]

in Categories: Shares and Derivatives

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The Human Aspect of Investing

September 21, 2010 by Musicwhiz
We often talk and think about investing in terms of numbers, business models and facts; but when you really drill down to it, investing is actually all about people. Why do I say that? This is because corporate fundamentals are built upon the people who run the business, people who delegate the work to others; [...]

in Categories: Featured, Investing

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Draconian Property Rules

September 17, 2010 by Musicwhiz
This is probably only my second post on property, as I am still a greenhorn who is observing the market and trying to understand the intricacies of this very interesting investment class. The reason for this (timely) post is mainly due to the recently announced new property cooling measures by Mr. Lee Hsien Loong at [...]

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SIA Engineering – Analysis of Purchase Part 1

September 13, 2010 by Musicwhiz
This is Part 1 of a 5-part series in my analysis of purchase for SIAEC, and is the most comprehensive analysis I had done so far for my value investing. However, please note that this investment analysis was done with safety of principal in mind, and capital preservation is of utmost importance as I hold [...]

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Sun Tzu – War On Business Part 12 (Diploma)

September 10, 2010 by Musicwhiz
We have come to Episode 12 of the Sun Tzu series, which brings us to Suzhou, China. James visits a company called Diploma which provides cleaning and logistics services (yes, it is a rather strange name to be associated with cleaning, as cleaning is generally a menial, blue-collar task which is not associated with educated [...]

in Categories: Business, Featured

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August 2010 Portfolio Summary and Review

September 3, 2010 by Musicwhiz
August 2010 was indeed an interesting month for me in terms of portfolio changes; as I made the somewhat painful decision to divest of my entire stake in FSL Trust (as I had previously blogged about in this post). The decision was a mixture of relief and regret, as the funds from this investment can [...]

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GRP – FY 2010 Analysis and Review

August 30, 2010 by Musicwhiz
GRP released their FY 2010 results on August 20, 2010 (the company has a June 30 year-end). Suffice to say that there were no major surprises; either negative or positive, but the prevailing sentiment from me is that the Company can do more to either increase their dividend or to reinvest the cash which is [...]

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Personal Finance Part 18 – To Crave and Covet (C&C)

August 26, 2010 by Musicwhiz
It’s been a while since I’ve talked about aspects of personal finance, as I was kept busy the whole of May to July 2010 with analyzing the financial results of the companies in which I hold shares, as well as writing about Sun Tzu’s War On Business episodes. I’d realized the last entry on personal [...]

in Categories: Featured, Personal Finance

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