Author: STE's Stocks Investing Journey

Privatization : The Good or The Bad ?

Is Privatization Good for Investors ? You may find two articles/news of privatization in today’s The Business Time (one is Auric Pacific and the other is Healthway Medical ) which is quite rare and one might be pondering why so many privatization is going on recently in Singapore’s business context. If you may recall , from SMRT , NOL , Sim Lian, OSIM , CM Pacific, Select Group ,Super Group, Biosensors  ,Eu Yan Sang , Tiger Airways , Lantrovision , Interplex , Otto Marine , etc,,,, and on the pipeline  are ARA Asset Management , Vard Holding . Sometimes Private Life Is Better Companies choose to...

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Sabana REIT : A Principal- Agent Problem ( dilemma ) ?

If you are investing in S-Reit as income investors , you will surely have heard this REIT before which is in the limelight and take centre stage in recent investing news. No introduction require for this hot topic , with many highlighted issues such as decreasing DPU , NAV , Occupancy rate , NPI etc … which translated to below : With above chart , easily , some investors might be sitting with capital loss of more than 50% with such price trend. This has prompted some minority shareholders to gather force and take action in hoping to vote out the...

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Extraordinary Popular Delusions and the Madness of Crowds or The Wisdom of Crowds ?

In 2004 , James Surowiecki ( an American Journalist ) published a book called “ The Wisdom of Crowds “ which talked about the aggregation of information in group , resulting in decisions that often better than it could have been made by any single member of the group. The Wisdom of Crowds is generally traced back to an observation by Charles Darwin’s cousin Francis Galton in 1907. Galton pointed out that the average of all the entries in a ‘guess the weight of the ox’ competition at a country fair was amazingly accurate – beating not only most of the individual guesses...

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立春 : To Deposit money or Buy share ?

You may notice a very long queue at bank today while people are queuing to deposit their money into the bank , reason being today is the day of ”  立春”     in Chinese customs … Well, believe it or not , it represent ” ceaseless of income ” throughout the year and also, to invite good luck , peoples always wear in red , orange , yellow or gold color during this day. What exactly is ” 立春” ?  According to : 漢典黄曆 介紹...

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Dow 20,000 !!

This has become the headline news for major financial newspapers or webs , DOW Index finally broke through the psychological level or resistance of 20,000. As for me , although it’s a milestone but it just a “figure” without looking into the fundamental or valuation of the market . You may find below news interesting to read : From CNBC : Dow 20,000: Its insignificance may rival its importance (click ) From The New York Times : The Dow Hit 20,000. Now What? ( Click ) From CNN/ Money : Boom: Dow hits 20,000 for first time ever (click...

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A Tale of Two AGMs ( Fraser Commercial REIT vs Fraser Hospitality Trust )

Attended Fraser Commercial Reit AGM this morning (in spite of heavy downpour , the turn up was quite good ) and also Fraser Hospitality Trust AGM on last Thursday. From time to time I did attend company’s AGM and try to get some insight of what’s going on in the company, especially if there is any particular issues which I think there might be important to know or get views from other fellow investors while trying to get the answer from management. Why AGM, EGM are Important Below are few Links which may give you some reasons or ideas on why...

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What is your investment goals and target ?

When you invest your hard earned money, how much of a return do you expect to get from your investment ? Those who are new to investing will often say, “I want to earn a return of 20% to 50% on my investment—every year.” But is this realistic? What is a reasonable rate of return to expect on your investment?  Is 10% of return a realistic one? Of course it also depend on types of investment and asset class. If you’re a new investor and you expect to earn, say, 15% or 20% compounded on your blue chip stock investments over decades, you are delusional....

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How to retire in 10 years

You may have came across this article in today’s The Business Times ,,, an interesting article in searching of “ The Freedom formula “ for early retirement . The big word “ R”  or retirement is very subjective and one may not want to retire if he/she really enjoying the works and some may want to retire earlier to pursue their dreams and passion . Here is another article on “ 10 good reasons to retire early “ (here ) , some may choose to retire early because of “health issues , work stress , spending more times with kids etc … “ once they...

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Digital disruption : Restructuring is going to be long and painful !!

I have blog about this before ( here ) , with below latest released result , I think the re-structuring due to “digital disruption“  is going to be a long and painful process and also the success is very much uncertain for SPH . Quoted below from the CEO on their latest press release : “Having completed our comprehensive business review in October 2016, we are forging ahead with our transformative agenda to strengthen the Group’s position in an increasingly tough economic and media environment. We will focus on continued innovation and investment in the media business to stay...

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The Memo All the Serious Investor Should Read

“When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book,” Warren Buffett has said.  Here  ( Click )  is the latest memo from Howard Marks on “ Expert Opinion ” ! Quoted below summary on his view about  expert opinion and making economic forecast . // Quote // My Opinion of Opinions Since I’ve discussed these things at great length over the years, I‘ll try here to sum up succinctly: There are no facts about the future, just opinions. Anyone who asserts with conviction what he thinks...

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My Stocks Trading Review ( Sabana Reit / SembCorp Marine / Asian Pay TV /HPH/ OUE- HT )

In my previous blog post , I have highlighted some stocks I added into my portfolio and same time also few stocks I ceased to own. Allow me to do some “reflection “ or trading review of these stocks ,which I think is important to know our returns in every investment we made. Know your ROI : Why is it important to measure our return on any investment ? Choosing investments is just the beginning of your work as an investor. As time goes by, you’ll need to monitor the performance of these investments to see how they are working...

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Portfolio Update as of Jan 2017

“One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” – William Feather. This is my first blog post in 2017 and would like to update my portfolio & holding.  I will try not to justify my buy and sell here as above quoted , every sell and buy have their own story or narrative and justification behind that and the most important thing is  “ both think they are astute ! “ Sometimes , I noticed that investors would blame the stocks they sold at lost...

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Look out for Outlook in 2017

This might be my last blog post in 2017 and at this point of time , is very common to see many articles appeared in newspaper or magazine on peoples ( or so call experts / economist ) writing about “Outlook “ for stocks market , property market , economy , industrial , sectors etc… If you key in the “ outlook 2017 “ in Google , you will get 132 mil results about this topic !! Since ancient world or mankind history , we like to do prediction and look out for something which may affect our life. People have always yearned...

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From Swiss Alps to Dubai Desert Safari ( STE Photos sharing )

Noticed that many friends and financial bloggers have been busy updating their portfolio’s performance recently , some are happy with outstanding & flying colors result which out-performed the market and some with lagging achievement. But one need to take noted that measuring of performance is only meaningful in the long run and not by just few quarters or years of investment and also the performance is to judge our ability of picking right stocks , not to compare with others. I shall update my portfolio’s change and performance in Jan 2017 and today’s blog post is just to share...

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Mean Reverting or Fundamental Change ?

Since early December , the stock price for some of the STI counter has increased much as compare to few months back . Just to recall what I have written in August to explain the concept of “ Linear Regression and Reverting to Mean “ in my blog about “ My Investment Strategy “ ( Click here ) . Of course there are concerns about China’s economic situation & debt stress in O&G industry which affecting the bank stocks and also some other concern in counters likeGLP / ARA / HKG Land separately . *** ARA might be different...

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