PNE Industries Ltd – Sunset Industry?

For the 1st post of 2016, as per what I said in the previous post – to continue with more writing of analysis of companies I owe or shortlist or just “kaypoh”. This will be in line to promote the use of Triple S Scorecard and it will also show the readers how it will help with the analysis of the company. I will also try to track the price changes and update the analysis once the quarter … [Read more...]

The Value Portfolio – Recent Actions and Views – Post 5

I am lucky enough to be in time to post my last blog post in 2015 - A review of my portfolio. My overall portfolio has not done well - it was down an average of about 5%. However, looking on the bright side, it is still better than how the STI performed over the year. The following are stocks in my portfolio: 1) ISDN Holding Limited + Post 2 2) Sin Ghee Huat Corporation Limited 3) … [Read more...]

Rising Interest Rate and A Stronger USD $

On 16 Dec, Fed increases the interest rate in USA. In this modern world, this increment in interest rate will eventually cause the Singapore Interest rate to increase as well. There is a whole lot of information on the net explaining this link This rise in interest rate will also result in a strong USD dollar in future. So how will this affect the companies in Singapore? Higher … [Read more...]

Why The Triple S Scorecard Do Not Have The "ROE" Criteria?

ROE-Dupont.jpg

After reading this article from the fifth person, I was wondering if it is the right move to not include the ROE as a criteria. In my initial Scorecard, I did include an analysis of ROE as a criteria. But I remove it for the Triple S Scorecard because of the chapter 21, Market Consistently Underprices Quality, in Show Me The Money Book 2. It basically states mean reversion of ROE does have over … [Read more...]

Recent Views on Investment Environment (As of 07 Dec 2015)

It's been a while since I did a write up on the investment environment. So far...I only have 1 word for it - BAD. This conclusion is formed due to 1 reason - The Oil Price Is Still Falling. This is mainly due to supply and demand factors: Oversupply due to USA increasing its shale oil output and other oil production. Thus, the usual suppliers like Saudi Arabia start to sell to Asian … [Read more...]

Leisure Reading Articles for the Singapore Strategy in 2016

Sorry for the lack of articles lately as I am preparing for the course and have been busy too... This post is just informing you that I have 4 articles from the banks on hand: - Credit Suisse Asia Pacific Strategy for 2016 - OCBC Investment Research on Singapore Strategy for 2016 - RHB Singaore Smart Nation Article - RHB Singapore Strategy for 2016 If you are interested in all … [Read more...]

Accordia Golf Trust – The Next Post

The reaction to my first post about Accordia Golf Trust was great. Here are some of the comments I received: "I dont think the calculation for the dividends is correct. I think you are taking trailing 9 months plus 6 months" "Going forward, the FY16 DPU may drop to 4.64c..." "Q3 is low season (winter)... and Q4 make up the balance. This is probably the 'worst' case scenario." "Oct … [Read more...]

Accordia Golf Trust – Can Dividend Yield Be Maintain?

Update: Dividend is given out on a 15 months basis. So the total dividend should be 0.0803/15x12 = 0.06424. I am currently sitting on a big paper loss on Accordia Golf Trust due to its continuous fall in price. My average price is around 0.719 and the current price is 0.590. I bought this stock mainly for the dividend yield and the price has fallen quite a bit since the IPO. Furthermore, … [Read more...]

The Value Portfolio – Recent Actions and Views – Post 4

Another update on my portfolio: 1) ISDN Holding Limited + Post 2 2) Sin Ghee Huat Corporation Limited 3) PNE Industries Limited 4) Chuan Hup Holding Limited 5) LHT Holdings Limited 6) TTJ Holdings Limited 7) Accordia Golf Trust 8) Singapore Telecommunications Limited 9) Sapphire Corporation Limited 10) Suntec Real Estate Inv Trust 11) Oversea-Chinese Banking Corporation 12) CH … [Read more...]

"The Market Is Irrational"

I had a chat with a reader recently. He finds it very hard to invest in Singapore Stocks, because the stock prices does not move according to the expected reaction of the news. Some examples he quoted are: Interest Rate Hike in the coming December - The day the fed gave strong hints that there will be interest rate hike in coming December, all stocks rise the next day. Why? (He expected … [Read more...]

V Scorecard

Warning: This will be an extremely long post. After 1 month of reading plus 2 weeks of using my "after office hours free time", I managed to create my new value scorecard - which I renamed as "V Scorecard" (sounds more atas right?). This idea came about because I felt my previous scorecard is not complete and focused more on earnings than balance sheet (which is not really in line with value … [Read more...]

New Value Stock Scorecard – An Update

Hi all, I have finished part of the job - finding the criteria for all the new value stock scorecard and creating in a hardcopy excel file (with part of the formulas done). The criteria is gathered from: - Show me the money book 1 and book 2 by Teh Hooi Ling. - Value Investing: Tools and Techniques for Intelligent Investment by James Montier. - Investment Moats Post - Net Net … [Read more...]

A Case of Winning and Miss Opportunity

I know I am suppose to be on hiatus but I felt I had to write about this. While everyone is looking at Saizen REIT, First REIT and Jumbo IPO, I will be telling you about 2 "Unknowns" and how it has affected me. Firstly I must say the post by AK about Saizen Reit is very good. The post by Brian on  First Reit was a very good piece of analysis. As for Jumbo IPO, I really like this analysis from … [Read more...]

Hiatus till 8 Nov ~ On a Mission

I am on a mission to make a better Value Stock Scorecard. After reading "Show Me The Money", I will be taking a break to make major changes to The Value Stock Scorecard. All those that had requested for my Value Scorecard previously will be automatically sent a new copy. I will also review if my previous stock are still value stock. Hope to have a more powerful scorecard catered for Singapore … [Read more...]

Perception of Brands

After reading this article by Value Edge, it made me think about all the lower perceptions brands in Singapore. While walking along Orchard Road, I came up with a list: Bata (vs Charles & Keith, Pedro) Bossini (vs Giodarno) Giodarno (vs Top Shop) OG (vs Isetan, Takashimaya) City Chain (vs The Hour Glass) Yoshinoya (vs Mcdonalds) Burger King (vs Mcdonalds) Other than … [Read more...]

Investing will lose money?

Last Wednesday, I overheard a conversation  that the superior was discussing the subordinate that investing will lose money. When someone that was expected to be respected, pass some "stereotype" information to those that looks up to him, it really makes me boils being an investor and trying my best to spread what I knew. In my opinion, this was a very wrong way of passing information and it … [Read more...]

The Value Portfolio – Recent Actions and Views – Post 3

Just Short Update on My Portfolio: 1) ISDN Holding Limited + Post 2 2) Sin Ghee Huat Corporation Limited 3) PNE Industries Limited 4) Chuan Hup Holding Limited 5) LHT Holdings Limited 6) TTJ Holdings Limited 7) Accordia Golf Trust 8) Singapore Telecommunications Limited 9) Sapphire Corporation Limited 10) Macquarie International Infrastructure Fund 11) Suntec Real Estate Inv … [Read more...]

The Effects of Qualifying Certificates Regulation on Bukit Sembawang Estates Limited

Do you know of the Qualifying Certificates Rules set for Developers? When I purchased Bukit Sembawang Estates Limited (Read my previous post), it didn't occur to me that this was a major thing. I heard about it but my overconfidence "stop" me from finding out more. Thus, this was my mistake. Nevertheless, over my course of work, I had to research into this topic and realise THIS IS A BIG … [Read more...]

What is your plan towards achieving your goal?

Someone reminded me today - That I am supposed to have a plan. A plan to work towards my goal. He asked me, "What is my 5 year plan?". I was caught dumbfounded. I realised I had none at this point. As per Benjamin Franklin, If you fail to plan, you are planning to fail! I remember I used to have plans along with a certain goal: After university and getting my first job, I had plans to … [Read more...]

To Teach or Not To Teach?

teaching-300x254.jpg

Recently stocks have risen for almost 1 week and 1 day and STI has exceeded 3000 points. But with the economy still looking weak, any "special" event may disrupt this rising trend. Thus, I am staying on the sidelines for now. So I have been thinking recently...should I try to teach others on my method of value investing and spread my understanding? As you know, my blog started because I … [Read more...]