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?

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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...]

The Holy Grail to Unlocking Value in Singapore Stocks

Note 1: This does not only applies for Value Stocks, but also for every other stock in the SGX. Note 2: Although this is written from a value investor perspective but it is still applicable even if you are a trader. As a value investor, capital appreciation is always on my mind - What is the "Holy Grail" that will cause a stock price to rise?  When will a stock unlocks its value, especially … [Read more...]

The "Trans-Pacific Partnership" Effect

This will be just a very short write up. Today (7 Oct) is a green green day as STI recovered more than 2% (In fact it has been rising slowly on 5 Oct and 6 Oct). I deem this to be the Trans-Pacific Partnership (TPP) effect. It is good to read more about TPP: Post 1 Post 2 Post 3 In my opinion, this maybe a short term recovery - it is like a much needed life extension injection to a very ill … [Read more...]

Bukit Sembawang Estates Limited – A Debt-Free Developer

I wanted to wait till later to write this post on Bukit Sembawang Estates Limited (BSE) - as it is only a recent addition to my portfolio. However, after reading the post by Brian's on the developer's ratio and not including BSE in the list, I decided it is my role to update others on the financial health of BSE (Brian, no offence! Just kidding.) Just a quick note before I start off, when I … [Read more...]

My Value Investing Methods

This is a reflection post after reading about their value investing strategy by MyBigFatPurse. This is also for people who want to understand more about my investing methods. I felt that it is a very very good and long write up on their way of value investing. Despite always saying that I am a value investor, it is sad to say I am not like them (Not as hardcore as them). I am much more like … [Read more...]

TTJ Holding Ltd – Fairly Valued?

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Now I shall write about another of my stock holding in the portfolio - another value gem found - TTJ Holding Ltd. Profile in Short TTJ Holdings Ltd is a company that deals with steel structure works and works on various government projects. It also operates one dormitory under the name of Terusan Lodge 1 in Singapore (but it will end in 2017 ~ A Cash Cow Gone!). However I am not worried … [Read more...]