Author: Rainbow Coin

Time in the market & Timing the market

They sound like opposing terms but can we have the best of both worlds? Answer is CAN… by following Uncle8888’s Pillow Stocks Strategy. The whole process starts from picking the right stocks (I am a lousy value investor, therefore I tend to pick many stocks from across the sectors instead of focusing on a few of supposedly good value ones), protect our capital by reaping the capital gains from the gems after some time (we won’t know for sure how long that will be), stay vested at zero cost to reap dividends. How much we reap in this case depends...

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Portfolio actions

It’s world cup season plus holiday, so I think that the market will be quite cool at least for these 2 months. Sold all my Keppel Corp. Concerns with rising supply of oiland the U.S. sanctions against Iran and Venezuela have caused market sentiments to be mixed about the future oil prices. Since the share price of Keppel (BN4) is co-related to oil prices, I have decided to get out of the roller coaster and sit on the sideline for now. Downtrend is still intact. BN4’s dividend yield has became much less attractive compared to the past, thus I shall...

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Yet another case of ‘diworsification’

https://www.channelnewsasia.com/news/business/hyflux-singapore-court-supervision-faces-major-challenges-10260230 Let’s see how things will pan out after reorganization for the once-star homegrown Hyflux. I kind of believe that the founder (Olivia Lum) would have the tenacity to pull through, given the way she 白手起家。 I am not vested in Hyflux. Just a thought that we must stay alert at all...

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Revisit: Invest in one that grows!

Where capital appreciation and long-term yields are our investment goals, putting our hard-earned money in a company that grows (its earnings) is probably more important than one that gives out high dividend payout in terms of yield (yet has poor cash flow and does not grow its revenue much). However, we should not simply rule out yield in our buying consideration as companies that give good dividend yields are generally less volatile than those that don’t. This is because fund managers in times of bad market would rather sell off the shares of the company that give less dividend before the...

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The past 30yo reflections

Have I been aging gracefully? It’s time for some reflections. 1. Learnt to appreciate work more, 敬业乐业 Having moved out of my comfort zone which I was so discontented with due to a lack of ‘prospect’, the past 2 years of ‘venturing out’ served as both a learning journey that opened my eyes up to entrepreneurship and a humbling experience which led my heart to 最初。I learnt to recognise that there is no so-called ‘easy job’, regardless of being worker or boss – there is only job you hold passion for or no passion for. To put a price...

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Watchlist: ThaiBev Y92 (2)

Previous post: http://rainbowcoin.blogspot.com/2018/02/watchlist-thaibev-y92.html Not wanting to catch a falling knife, I shall wait for the plunge to end and consolidation to set in before entering. — Side note: Maybank is now running a promotion for fresh funds fixed deposit at 1.65%. Finally increased...

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Book review: Momentum – how to build it, keep it or get it back

This is a big concept book which brought me through the equation of Momentum with brilliant explanations on each part of the formula and a number of case studies on famous companies. You will find the equation right at the end of this blog post. Snippets of wisdom which I have lifted throughout the book are in italic here and my inputs are in non-italic. The concept is not only useful for individuals (who are turning into couch potato like me) but also for leaders who are looking to veer their sluggish companies into momentum (turnaround). Getting into momentum…...

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Old lessons – facing a ‘new worse’

With reference to an old post: A new worse – STI Aug 2011 Add on: Lesson Five – Be nimble. Be impatient to the weeds, slowly rake in the gems when they are on sale and be patient with the gems. Lesson Six – if chance permits, short those stocks that fuel the Bear. (Be careful not to short too...

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What swimming taught me about investing

Investing is pretty much like taking a plunge. Swim or sink. People can set different goals and pace for themselves (I don’t need to be like everyone else). The end of a lap always seems very far away (as I am short-sighted, I can hardly see it) when I started out. With consistency and perseverance, I will eventually reach the other end. I swim in the style I am most comfortable and adept in. It may not be the fastest stroke but it should definitely be one that keeps me afloat and moving. Yeah, it’s very much each to...

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Opportunity costs in stocks market

When we speak of making profits through stocks investing and trying not to lose money according to Buffet’s rule, there is a part of the processes which we may overlook. That is – are we able to minimize opportunity costs throughout our investment journey? Here are some ways in which one may incur opportunity costs and potentially made our faces look like this >> TT (when we look in retrospective). 1) Sitting on too much cash in a bull market This is a total opposite of FOMO (fear of missing out). I can think of two possible reasons for...

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STI 12M returns snapshot

Top 10 highest return Name SGX Code Market Cap (S$Bn) 23 Feb Close Price (S$) 30 Day Volatility YTD Total Return % 12M Total Return % DBS Group Hldgs D05 75.9 29.59 25 19.1 61.5 Oversea-Chinese Banking Corp O39 56 13.37 24.1 7.9 43.1 United Overseas Bank U11 46.7 28.07 21.2 6.1 32.4 Genting Singapore PLC G13 15.7 1.3 27.1 -0.8 29.6 Keppel Corp BN4 14.4 7.96 29.6 8.3 18.1 City Developments C09 11.5 12.66 25.8 1.4 33 Venture Corp V03 7.6 26.66 34 30.2 170.2 UOL Group U14 7.1 8.38 22.1 -5.5 27.5 CapitaLand Commercial Trust C61U 6.1...

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Watchlist: ThaiBev Y92

“Operating profit was THB 2,794,794,000 compared with THB 7,172,763,000 a year ago. Net operating profit was THB 3,165,037,000 against THB 7,337,061,000 a year ago. Profit before income tax expense was THB 3,993,173,000 against THB 9,149,891,000 a year ago. Profit attributable to owners of the company was THB 2,911,892,000 against THB 7,714,855,000 a year ago. Basic and diluted earnings per share were THB 0.12 against THB 0.31 a year ago. Net cash from operating activities was THB 5,789,946,000 against THB 7,797,559,000 a year ago.” First Quarter ended Dec 17 [Source: SGX] Price watch points as indicated above and I shall...

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Charting Ascendas H Reit

Recent News DIVESTMENT OF ASCENDAS CHINA HOTEL INVESTMENT LIMITED AND ASCENDAS HOSPITALITY CHINA PTE LTD Ascendas Hospitality Reit will be divesting Beijing Novotel Sanyuan and Ibis Beijing Sanyuan  for RMB1,156.4 million (or approximately S$235.9 million). Aggregate valuation of the Properties was RMB574.0 million (or approximately S$117.1 million) (“Independent Valuation”) as at 31 October 2017. Completion is expected to take place in first half of FY2018/19. Reasons for the divestment: Agreed Purchase Price is Attractive To free up capital and provide greater financial flexibility for fund deployment towards potential acquisitions, value enhancement and/or debt repayment. Reference: http://ir.a-htrust.com/newsroom/20180129_174423_Q1P_VBYBLFV4BCKKIEBG.1.pdf The divestment proceed...

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Elder’s favourite indicators

I was reading Alexander Elder’s book “Entries and Exit” and he mentioned using 5 indicators to help him determine trade actions (there is no need to use more than 5). They are namely – moving averages, channels, MACH-Histogram, Force index (invented by him), and momentum indicator such as Stochastic. Here are a few indicators which I think are relatively easy to use and worth re-visting. I am a believer of using technical analysis to buy fundamentally good stocks. As a reminder to myself when choosing indicators, I have briefly summarized their key features below and if you want to read the...

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