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The 20 Years Old Investor

OSIM

May 14, 2012 by The 20 Years Old Investor
Once a market darling until the notorious leveraged buyout of Brookstone in 2005, OSIM has regained its past fame being the renowned super multi-bagger company in recent years. Founded by Ron Sim in 1979, the company underwent a revamp to bring in healthcare product in 1989 and continue positioning itself as the market leader in home [...]

in Categories: Uncategorized

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Silverlake Axis – FY 2011 9M Result Review

May 9, 2012 by The 20 Years Old Investor
Silverlake Axis delivered an outstanding quarter once again, not very surprising given that an estimated RM 5650 million worth of projects are to be recognised from 2012 to 2014. For Q3 2012, revenue increases by 21% while net profit increases by 63% compared to Q3 2011. Surprisingly, there’s a 50% fall in Selling and Distribution [...]

in Categories: Shares and Derivatives

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Nam Cheong Limited

May 7, 2012 by The 20 Years Old Investor
Has anyone ever heard of Nam Cheong Limited? I doubt so since it is based in Malaysia and has only been listed last year May through a RTO of Eagle Brand (Not even an IPO). Neither am I aware of this stock until I catch it from AmFrasher “Up Close with Management” event advertisement sent [...]

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VICOM AGM FY 2011

April 27, 2012 by The 20 Years Old Investor
VICOM’s AGM is pretty boring unlike all the excitements I see from the newspaper and food-snatching is not very common there. There’s quite a number of long-term shareholders present and I think it is good to have though some might complain this will make VICOM more illiquid. As it’s my first AGM, I am more concerned [...]

in Categories: Shares and Derivatives

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Diversification – Part 2 (Guide to Diversification)

April 22, 2012 by The 20 Years Old Investor
Just to recap, these are the 4 major type of risks that we are susceptible to when we are investing: Systematic Risk Company/Industry Specific Risk Human Error Black Swan Taking into account these risks, here is my personal guide on how many stocks one should hold: As many excellent stocks that one can find at [...]

in Categories: Investing

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Diversification – Part 1 (Understanding Risk)

April 18, 2012 by The 20 Years Old Investor
Portfolio management is as important as stock selection in investing and determining your return on investment. In this aspect, the extent of diversification has always been debated with some supporting the idea of concentration while some diversifies up to 20-30+ stocks. Diversification is the act of diversifying where the central idea is the maxim of [...]

in Categories: Uncategorized

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VICOM – FY 2011 Review (Part 2 – Development of VICOM and SETSCO)

April 15, 2012 by The 20 Years Old Investor
As I have promised, this is going to be an exciting post as it is full of new developments that have happened in the financial year. Firstly, lets start off with the vehicle inspections segment. Figure 1 – Vehicle Inspection Segmental Result The vehicle inspection business has been seeing double digit growth in profits for [...]

in Categories: Shares and Derivatives

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VICOM – FY 2011 Review (Part 1 – Financial Statement)

April 11, 2012 by The 20 Years Old Investor
This will be a 2 part review for Financial Year ending 2011 where the first part will be on the financial statement while the second will be business prospect of VICOM and SETSCO. Ending 2011, VICOM has once again achieved a remarkable result, breaking new highs and continue its track record of 8 years of [...]

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InvestFair Singapore 2012

April 8, 2012 by The 20 Years Old Investor
I was there yesterday from 10 a.m until 5p.m and attended 4 free seminars in between. I have to say it was quite a fruitful day given that I did not spend a single cent. At the start, there’s this girl that asked me if I wanted to do a survey in exchange for a [...]

in Categories: Investing

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Cordlife Group – Potential Growing Recurring Income?

April 7, 2012 by The 20 Years Old Investor
This seemed to be one of the most spectacular IPO that I have seen after Sheng Siong, with the share price being driven up by 50% from its original IPO price of $0.49. At the current price of 20, seemed like people is treating it as a healthcare stock like RMG and Q&M Dental. On [...]

in Categories: Shares and Derivatives

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6 Months Later

April 3, 2012 by The 20 Years Old Investor
It has been slightly more than 6 months since I have started investing and I am still holding on to one of the two stocks that I first bought on 22th of September 2011. One is a success (VICOM) while the other was a lesson learnt from blindly following Peter Lynch (Eratat Lifestyle). 9 out [...]

in Categories: Investing

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Silverlake Axis – Part 5 (Conclusion)

March 31, 2012 by The 20 Years Old Investor
Let’s do a recap of what has been discussed thus far Financial Statement Analysis Positive Negative Very high profit margin of 35% to 65% Profit margin might vary due to 4 different segment margin in the range of 25%, 40%, 65% and 90%. However, sales of hardware often constitute a very small part of total [...]

in Categories: Business

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Silverlake Axis – Mr Goh Peng Ooi (Supplementary)

March 28, 2012 by The 20 Years Old Investor
As stated, this is a supplementary to the current report on Silverlake Axis before the final post this weekend. Carefully listen to this interview as it will give you an understanding of its history as Axis System as well as Mr Goh Peng Ooi’s love for Math and his business view. I have also attached [...]

in Categories: Uncategorized

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Silverlake Axis – Part 4 (Other businesses)

March 24, 2012 by The 20 Years Old Investor
Before I start on Part 4, I will like to add on some stuff that has been missed out earlier, especially when part 3 is very long. Silverlake Axis has a 100% successful implementation track record which is very rare given that an estimated 25% of all CBS projects “fail without any results” while another [...]

in Categories: Uncategorized

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Silverlake Axis – Part 3 (SIBS, The Source of All Profit)

March 21, 2012 by The 20 Years Old Investor
Fig 1 Revenue by Segment In this part 3, we will focus on how Silverlake Axis generates its revenue through its propriety software, Silverlake Integrated Banking Solution (SIBS). As such, I will only be touching on “Licensing of SIBS” and “Maintenance and Enhancement Services”, which are its core business. The rest of the other businesses [...]

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Apple – US$960?

March 18, 2012 by The 20 Years Old Investor
Could Apple reach $960? Possible. I don’t mean to say that PE will rise by 60% as I am not a fortune-teller but for revenue and profit to rise by 60%, why not? Before we go about why it can reach $960, let’s examine its growth driver in the past 4 years. Fig 1 Revenue [...]

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Silverlake Axis – Part 2 (Understanding the Core Banking System Industry)

March 17, 2012 by The 20 Years Old Investor
Fig 1 Silverlake Axis Integrated Banking Solution The most important question that will come to everyone’s mind when we talk about Silverlake Axis will naturally be what is a Core Banking System (CBS), is it just a software like your Adobe or Office? This will be what this whole post will be about. The “Core” [...]

in Categories: Business

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Initiation of Coverage on Silverlake Axis at $0.355 – Part 1 Financial Statement Analysis

March 10, 2012 by The 20 Years Old Investor
As always, I will start with the analysis of financial statement as it is definitely one of the most important part of the process. However, the standard way of analysing 10 years financial statements will not work here due to the transformation of the company since it was listed in 2003. Neither do I think [...]

in Categories: Shares and Derivatives

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