Author: The Fifth Person

3 lessons learned from Rusmin Ang at InvestX Congress 2017

If anyone told you he or she knew exactly what is going to happen in the stock market over the next few days, months or even years, do yourself a favour and stay away from that person. That was one piece of advice from Rusmin Ang’s talk that stuck out the most for me at InvestX Congress 2017, a quasi-annual event The Fifth Person held on 19 August this year. Rusmin is the Co-Founder of The Fifth Person, a team of individuals who believe in the importance of providing no fluff content and research to retail investors and helping them make...

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The Asia Report Episode 1: “There They Go Again… Again”

I am a huge fan of Howard Marks, founder of Oaktree Capital. He’s been penning with memos over the last three decades and they are always a great read. His latest memo is titled “There They Go Again… Again” — a memo heeding caution for investors. It’s probably worth mentioning that he’s much more US centric which explains his viewpoint. Reading through it, I could not help but think about the recent boom and bust in the oil and gas sector in Singapore. There are still plenty of lessons to learn from the entire cycle – and its worth reflecting...

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12 things you need to know about Hektar REIT before you invest

Yesterday, I was at the Starbucks at Subang Parade – one of the first regional shopping centres in Selangor and owned by Hektar REIT. As usual, I ordered my latte and settled down on my favourite seat. I switched on my laptop and checked the prices of a few stocks before starting work. Here was what caught my attention: As recently as 3 May 2017, Hektar REIT was trading at RM1.60 a unit. Up until then, Hektar REIT’s stock prices have been stable and trading around RM1.50-1.60 a unit since 2013. At price of RM1.26, it is over a...

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InvestX Congress 2017

Over 450 people joined us last Saturday, 19 Aug, at InvestX Congress 2017 to come together and learn how to make more profitable investment decisions and become better investors. The event kick-started at 9AM with Rusmin Ang, co-founder of The Fifth Person, as he talked about how to manage your investment risk and create the ‘perfect portfolio’ to maximise your returns while protecting your downside. He also shared real-life case examples of how companies and even entire industries go be disrupted, and why it’s crucial to revisit a company’s long-term fundamentals to avoid being caught. The next speaker was Alvin Chow –...

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9 things to know about Felda Global Ventures before you invest

There are many ways to invest. Although I personally tend to focus on the quality of a business rather than its valuation when I invest, I also know of many successful investors who invest in deeply undervalued or out-of-favour stocks, regardless of the quality of the business. And if you happen to be such an investor, you would be interested in beaten-down companies with a potential for a turnaround. In Bursa Malaysia, there is hardly a more out-of-favour company right now than Felda Global Ventures Holdings Berhad (FGV) (Bursa: 5222). Hailed as one of the largest IPOs on Bursa...

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14 things you need to know about Hartalega Holdings before you invest

In 2002, Hartalega Holdings Berhad (Bursa: 5168) invented and introduced the first soft nitrile gloves to the world. Since then, the industry has been revolutionized as global demand for nitrile gloves has outgrown demand for conventional latex gloves. Today, Hartalega is the largest nitrile glove producer and among the top three largest rubber glove manufacturers in the world. As I write, Hartalega is worth RM11.7 billion in market capitalization. It is the only rubber glove stock to exceed the RM10 billion mark on Bursa Malaysia. In this article, I’ll bring a detailed account of Hartalega’s impressive growth since its...

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A competitive comparison of the 6 largest plantation companies in Malaysia

Palm oil has been a key contributor to the Malaysian economy for the many decades. Malaysia used to be the largest palm oil exporter in the world before being displaced by Indonesia in the past few years. In 2015, palm oil continues to contribute to the country’s economy strongly by providing about 4.2% to its gross domestic product (GDP). Bursa Malaysia is also home to some of the largest plantation companies in the world. If you are interested in the palm oil sector, here are six of the largest plantation companies you might want to do more research on....

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How much money do you need to start investing in the stock market? Not much actually…

One common question we get from readers from time to time is: “How much money do you need to start investing?” It usually comes from younger readers who are just starting their careers, have saved up a little bit of money, and are now looking for ways to grow and invest it. But they’re not sure if they have enough saved up to start investing in the stock market. As we touched on previously in this article, you don’t need a large sum of money to get started. In fact, it’s best to start off small and grow your...

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16 things you need to know about Public Bank before you invest

Public Bank Berhad (Bursa: 1295) is the third largest banking group in Malaysia. As I write, Public Bank is worth RM78.62 billion in market capitalization. In this article, I’ll bring a detailed account of Public Bank’s tremendous success and achievements thus far and its outlook towards the near future. Therefore, here are 16 things you need to know about Public Bank before you invest. Track record 1. Public Bank has achieved a CAGR of 13.45% in loans, advances and financing assets over the last 10 years. It increased from RM82.79 billion in 2006 to RM292.43 billion in 2016. This...

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This is one company that might ride on the remarkable growth of AirAsia

The story of AirAsia is almost like a fairy tale. Co-founders, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun bought over a failing airline for a token sum of RM1.00. They then built it up to become one of the largest low-cost carriers in the world. Today, AirAsia continues to grow aggressively. Its revenue has grown from RM2.6 billion in 2008 to close to RM7.0 billion at the end of 2016. The company has also launched multiple associate airlines in many countries outside of Malaysia and a new long-haul low-cost carrier, AirAsia X. Yet, the airline industry continues to...

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4 things you need to aim for before you can retire comfortably in Singapore

There are plenty of Singaporeans who have the capacity to retire, but still find themselves working. Some of these people work because they enjoy it, and that’s a great thing. But at the same time, some of them keep working out of fear. Many of us have a nagging suspicion that if we stop working now, we can’t start again (we’re too old to be rehired, etc.) and haven’t built a big enough retirement fund. To allay your worries, here are some guidelines on when it’s “safe” to truly stop working: 1. Check if your retirement expenses meet the...

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13 things you need to know about Maybank before you invest

Malayan Banking Berhad (Maybank) (Bursa: 1155) is Malaysia’s largest and Southeast Asia’s fourth largest banking group. As of 3 August 2017, Maybank is worth RM98 billion in market capitalization. It is the closest stock in Malaysia to exceed the RM100 billion mark presently. In this article, I’ll bring a detailed account of Maybank’s tremendous success and achievements thus far and its outlook toward the near future. Therefore, here are the 10 things you need to know about Maybank before you invest. Track record 1. Maybank has achieved a CAGR of 13.81% in loans, advances and financing assets over the...

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9 things I learned from the 2017 Singapore Airlines AGM

How do you become a millionaire? Sir Richard Branson has the answer: “If you want to be a millionaire, start with a billion dollars and launch a new airline.” As the founder of three airlines, Sir Branson made this joke as a point to how challenging the airline industry can be. Although more and more people are flying ever year, the industry is susceptible to intense price competition, volatile fuel prices, paralysing labour strikes, unpredictable weather conditions, and ongoing safety concerns. Even as one of the top airlines in the world, Singapore Airlines Limited (SIA) (SGX: C6L) is not...

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8 things I learned from the 2017 Mapletree Commercial Trust AGM

Mapletree Commercial Trust (MCT) (SGX: N2IU) is a REIT with a portfolio of office and retail properties in Singapore. The jewel in MCT’s portfolio is VivoCity, Singapore’s largest mall, which continues to enjoy strong sales and shopper traffic due to its location as the only megamall in the area and its proximity to Sentosa. Besides VivoCity, MCT’s portfolio also comprises PSA Building, a 40-storey office block and a three-storey retail centre known as Alexandra Retail Centre; two premium office buildings, Mapletree Anson,  and Merrill Lynch HabourFront; and one of the largest office and business park complexes in Singapore, Mapletree...

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8 things I learned from the 2017 Singapore Post AGM

In recent years, Singapore Post (SingPost) (SGX: S08) has been facing challenges regarding its corporate governance and the S$230 million acquisition of TradeGlobal – a loss-making e-commerce company based in the U.S. In May this year, SingPost reported a massive S$185 million impairment loss on TradeGlobal after admitting the acquisition had “underperformed”. To make things worse, just days before SingPost’s 2017 AGM, a summary report on the review of SingPost’s acquisition of TradeGlobal was released by the law firm WongPartnership. The report exposed problems with SingPost’s corporate governance and the lack of due diligence surrounding the TradeGlobal deal. With...

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