Author: Rainbow Coin

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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Charting DBS, Keppel Corp

I know this is like looking at the rear-view mirror but I shall see how I can apply past lessons to future trades. I charted periods of both when their stock prices declined and also when they ascended. (I prefer to use stoch 20 as it is smoother instead of 14, one of them I forgot to change.) DBS Keppel Corp...

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Distilled thoughts on business & people management

There are many great articles out there, notably from Harvard Business Review and Inc.com, that talk about leadership and how to manage a business. I would say I am quite an amateur in terms of people and business management (as I only started taking on a managerial role in 2013). Regardless of where our core expertise lies – we can be our ‘own shepherd’, the entrepreneurs or in the corporate world climbing the career ladder, I dare say that these two are the most important aspects to master. Within the scope of people and business management, there are of course...

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Asset play – GL limited

Instead of sitting on my current holdings and hoping that the bull doesn’t lose its energy, I decided to reap some profits from OCBC (after reaping Genting last month) and put the freed capital into other ‘down’ stocks with potential of rebound. Recent purchases made are M1, Singtel, Comfort Delgro and GL limited. Regretfully, I didn’t watch the market closely last year and missed...

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Making sense of Warrants

In my previous post, I mentioned one of the investment things I want to learn about this year is warrant. My intention of buying warrant is to use it as a hedging tool for my existing holdings. I have read about options and kind of know how they work. SGX has no options for trading, sg’s version of options are structured warrants, which I won’t go into details introducing it you can go to SGX’s website to find out more. One notable draw back of structured warrant is that it cannot be exercised to purchase or sell the underlying...

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7 years of blogging – flashbacks

Blogging over the years has been a therapeutic hobby to me. It helped me to settle my ever-whirling thoughts, forced me to research whenever I am confused, made me reflect upon my actions and remember the knowledge and experiences over the years (whenever I look back at those archives). 7 years may seem a moderately long period, I have given up on a few other blogs but forged on for this one. Just sad to say, I have yet to receive the blogging’s ‘long service award’ of… Google ad earnings. So blogging is not an alternative sustainable income source...

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My story of Aztech and Bakertech II

I have talked about my Aztech story in the previous post, now let’s move on to the second story, which is BakerTech. The stock is still trading on SGX. 2. The Baker Technology story Why I invested in it? It’s got an attractive dividend yield for its share price and the oil industry was doing very well back then in year 2010. I recalled there was a special dividend in 2013 of $0.085 per share. If you searched around, quite a few finance bloggers / sites did cheer-leading for this stock till year 2014, which further boosted my conviction that this...

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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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