Author: Rainbow Coin

My sad story of Aztech and Bakertech I

Today I am in a story-telling mood and decided to share my investment story of few years back to remind myself and young investors out there to be more prudent. In what way? You shall find out. 1. The Aztech story Why I invested in Aztech? Cos I chanced upon some juicy analysis post from a veteran finance blogger at that time on how wonderful are the company’s producing and how good the potential earning of the company’s going to be, why he chose to invest etc. So I decided to invest in the shares in year 2010. What...

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Goal setting – Ma Yun’s words of wisdom

“Focus is essential for business. When laying down the strategic goals for your business, you must never exceed three. Once you’ve exceeded three, you won’t be able to remember them, and neither will your workers. When you set down goals each year, just determine the three most important, and cut out the fourth.” In whatever we do, whether it is investing or carving out a niche in something, we should never lose our focus by trying to achieve too many things at a time – either we will forget or we will forgo. Read also: A note on entrepreneurship Another piece...

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Ofo free bike ride

I had a 20-minute exercise last night by cycling home as the buses were off service (all because of the JE-red line early closure and I waited 20 mins for the last train! Pfft). I have not rode for over 3 years and for a third of the journey I was wrestling with the bike. >.< The only good thing is that ride was foc as OFO is now having a month-long promotion. Maybe next weekend I shall exercise again on OFO. Ok, definitely not at night. Not nice to be sweaty and sleepy when home...

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New-generation businesses

“The world’s largest taxi firm, Uber, owns no cars. The world’s most popular media company, Facebook, creates no content. The world’s most valuable retailer, Alibaba, carries no stock. And the world’s largest accommodation provider, Airbnb, owns no property. Something big is going on.” “But business relationships do not stay stable, particularly if there are huge profits involved. So now we would see the battle of the existing interfaces, with each extending beyond their initial footprint to try to win more territory. So Facebook goes into news, Twitter into television and so on. And because they can be so profitable...

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If only I could turn back time

I would stay… 1. Keppel Corp (sold one-third of holdings with loss @ $6.19) Bought in Aug 2015 @ $7.50 Current $7.75 (Missed upside 25%^) 2. CDL Hospitality Trust (sold with no gain) Bought in Apr 2016 @ $1.40 Current $1.64 (Missed upside 17%) 3. DBS (sold with gain at $20.55) Bought in Mar 2016 @ $15.35 Current $25 (Missed upside 21.6%) ^Missed upside is calculated by the difference in current price and sold price / sold price. The Thank-God-I-stay stocks: 1. OCBC 2. Genting Singapore...

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Book review: High returns from Low risk

Learning points from this book: In the long-run (the author used data of US traded stocks over 86 years), low-volatility stocks are shown to give a higher return. Comparing portfolios of varying volatility – as volatility increased from 13% to about 20%, compounded return increased. As the volatility increased further beyond 25%, compounded return declined. How to select the right low-volatility stocks? Look at Beta less than 1 the stock’s income yield and momentum (price trend) People who underreact to news when it comes in gradually run the risk of being ‘boiled’ (boiling frog syndrome). The selection of low-volatility stocks can be applied to...

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Richdad’s cashflow game

My friend introduced me to the richdad’s cashflow game which can be played online for free (click here to play). I think it’s a great beginner learning tool to introduce kids (or anyone else lacking in financial literacy) to grasp certain concepts of cash-flow and investing. My takeaways from the game Clear your debts first. (A good read here.) You don’t have to act on every...

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Blockchain: Massively Simplified

All that hype about bitcoins and block-chain led me to wonder what am I missing out here. Ok… so bitcoin is a cryptocurrency (with no practical usage at this point in time but price is inflating like mad balloon??). Then what is blockchain about? Just wondering – if blockchain one day became hackable, wouldn’t that spell...

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ADVANC’s intention to acquire stake in Singtel

Did I read wrong? “Advanced Info Service Public Company Limited (SET:ADVANC) signed a non-binding and conditional letter of intent to acquire 56.2% stake in Singapore Telecommunications Limited (SGX:Z74) from Singapore Telecommunications Limited (SGX:Z74) and DTV Service Company Limited for THB 2.6 billion on September 5, 2017. The shares will be acquired at a preliminary indicative price of THB 7.8 per share which is subject to further negotiations and/or due diligence. The transaction is subject to satisfaction in the due diligence result, approval from the Board of Directors and the approval from the shareholders of Advanced Info Service Public Company...

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Blue-black chips’ 2 years flash back

A quick recall to my old blog post Blue Chips in Red Sea, I have done another mini simulation here. (Got nothing much to do in my short break before starting new work hehe.) This was the list I put up in Sep 2015 – Fast forward 2 years… Which are the ‘blue-black chips’? Most of the chips managed to rebound quite a bit, except Noble Group and a handful of the black sheep. CityDev, Jardine, Genting and GLP soared. [Apologies for missing out Capitaland that time.]   Have you made the right choices 2 years back? :) — Let’s take a look...

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Peter Lynch and the blue chips

It’s always good to learn something new from blog reading. Those scraps of information are like bread crumbs which can lead me to discover more interesting stuff about investing – to know what I don’t know. As the saying goes, danger lies when you don’t know what you don’t know. Stalwart – simi lai? “Stalwart is a term popularized by legendary stock picker Peter Lynch to describe a large, well-established company that still offers long-term growth potential. ” “In addition to a strong balance sheet, one of Lynch’s key measures for a stalwart company is the P/E growth ratio (PEG), which is...

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Why I don’t play in overseas stock markets

Despite home biasness and possibly missed opportunities by only investing in SGX stocks, the big deterrent for me to dabble in overseas stock markets are the additional costs of trading and holding the foreign exchange’s stocks. See https://the-international-investor.com/international-stockbroker-list/singapore-stock-broker-list Trading commission + nominee service fees (custody fee, admin charge etc) + FX fee + withholding tax on dividends And of course… I am just too lazy to monitor other markets. If I want foreign market exposure, buy shares of companies with stakes overseas...

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I work best when my boss is not around

Why? I can work at my ‘own time, own pace’ at researching, planning and implementing new projects, rather than having to keep fine-tuning things that are already in place. I get motivated by stories and visions. Less so by money and in-between kind of power. Anyway since I am not doing sales, technically speaking, I have less ‘rights’ to ask for higher pay / monetary rewards. Boss likes to micro-manage and correct things down to the details, so there are often draft after drafts. Boss likes to change his mind...

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OCBC repurchases share from market

“Oversea-Chinese Banking Corporation Limited (SGX:039) commences share repurchases on May 9, 2017, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2017. As per the mandate, the company will repurchase up to 209,124,917 shares, representing 5% of the issued ordinary share capital. ” That may be one of the reasons why its share price was heading up in the past weeks. Its price was downhill when I bought, finally it is making a turn. In one of my previous posts I was lamenting that I should not have reinvested my dividends as...

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It’s harvest time again

Here comes the time of the year for harvesting dividends. Yay! I wonder if that is why people ‘sell in May and go away’ other than the summer holiday… Just a refresher on what is ex-dividend date: http://www.investopedia.com/ask/answers/06/exdividenddate.asp Where can you find the ex-dividend date on SG stocks? Here http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/stockfacts Find the stock and click on the Dividend...

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