Sovereign Wealth Funds to the rescue?

By: Drizzt In the midst of the current financial turmoil, how do I see equities in the 2-5 year horizon? While most would bet that the Emerging Markets will do better than the developed markets of US and Europe, I wouldn’t be so sure on this. Sovereign funds, for example the likes of Temasek, have been starting to materialise for many countries. The government of these countries typically … [Read more...]

Barriers to Entry

By: Jay To determine whether a company has a business moat ie whether it can defend its turf when competitors come in, we look at what is called Barriers to Entry, one of Porter's 5 Forces. I have identified a few common barriers but I must point out that the list is not exhaustive. Other barriers exist and it takes experience and knowledge to identify them. Again, investing is about life-long … [Read more...]

Hyflux Water Trust IPO.

By: Kleer Closing date of application: 28 November 2007 Commencement of trading: 03 December 2007 Hyflux Water Trust (HWT) is the first pure-play global water trust to be listed in Asia. It invests in water related infrastructure assets in PRC, India, Middle East, North Africa, and other global high growth markets. It will have an initial portfolio of 13 water plants in PRC, with a … [Read more...]

What a year!

By: Wilfred Ling Had a few conversations with my clients who took up investment this year and all of them had the same complain: why their returns either just broke even or had even slight losses? I did some computation and this is what I found: I computed the return of the MSCI AC World Free Net in SGD terms. In this computation I calculated the return as at 23 Nov 2007 if an hypothetical … [Read more...]

Investment Horizon

By: Tan Kin Lian Hi, I have some saving to invest. I am undecided about investing in shares or putting them in foreign fixed deposit. Which can give a better return for an investment of at least one year? REPLY If you are investing for 10 years or more, it is better to invest in a low cost, large, well diversified equity fund. Read this … [Read more...]

Long term investors now short-term speculator trader

By: Wilfred Ling With the recent extreme market volatility, I had been receiving a number of calls from clients with regard to their portfolio. Although everybody knows that investing is long-term, but it seems everybody has forgotten about that when market is down. With the recent market downturn, it seems everybody has turned short-term speculative trader overnight. Some demanded whether … [Read more...]

Chung Hong IPO.

By: Kleer Closing date of application: 26 November 2007 Commencement of trading: 28 November 2007 Since Chung Hong is a service provider for the tech and electronics industry - an industry which I typically avoid because of my lack of understanding of the business, I will not be providing an analysis for this. Besides, with only a miserable 1 million shares available for public offer, I … [Read more...]

ARA Asset Management – The mother of all REIT

By: Derek Lim That's the nickname given by my friend and I when we decided to invest in it. I admit that it was over exaggerated but that's us. When we invest in a stock, we like to give them nicknames. It sort of keep us interested in the stock and also reduce the pain when we made a loss. As its nick suggested, what really got me interested in ARA is that it is one of the largest REIT … [Read more...]

Dynamic Colours IPO.

By: Kleer Closing date of application: 21 November 2007 Commencement of trading: 23 November 2007 Established in 1993, Dynamic Colours is a manufacturer of coloured compounded resins and packaging materials serving the IT, electronics, and petrochemical industries. They supply their products to plastic injection moulders (PIMs) and original equipment manufacturers (OEMs) who in turn … [Read more...]

Z-Obee Holdings IPO.

By: Kleer Closing date of application: 19 November 2007 Commencement of trading: 21 November 2007 Established in 2002, Z-Obee is a PRC-based integrated mobile handset solutions house that provides the complete design services spanning the entire handset design cycle, including industrial/mechanical/software/hardware design, procurement of hardware, prototype testing, pilot production, and … [Read more...]

Lippo-Mapletree Indonesia Retail Trust IPO.

By: Kleer Closing date of application: 15 November 2007 Commencement of trading: 19 November 2007 Lippo-Mapletree Indonesia Retail Trust (LMIR) is established with the principal objective of investing in a diversified portfolio of income producing real estate in Indonesia that is used for retail or retail related purposes. It will have an initial portfolio of 7 retail mall properties and … [Read more...]

Black Monday

By: Derek Lim As anticipated, Singapore shares plunged 2.81% or 105.34 points. I'm not panicking as I have already liquidated most of my stocks. In fact, I'm looking to buy more; I'm currently looking at companies who will be posting good 3Q results and giving out dividends. Several reports will be out this week which will determine the market outlook. In US, existing and new home sales will … [Read more...]

Hong Leong Finance

By: Derek Lim The Business Times Published October 19, 2007 HLF: Firing on all pistons, no CDO shock By SIOW LI SEN WHEN Hong Leong Finance (HLF) posts its third-quarter results next month, it is likely to announce a special dividend to use up its tax credits before they expire at year's end. Singapore's largest independent finance company is also expected to report good results, … [Read more...]

PSC Corporation Ltd

By: Derek Lim PSC closed at $0.455 today. Pretty disappointing if you consider that the last price before consolidation was $0.12. Hence after a 5:1 consolidation, I'm expecting about $0.60. Even if it is calculated base on $0.10 per share (figure used by PSC to calculate the rights issue price), I should still expect at least $0.50. However, I half expected that it will happen because trading … [Read more...]

My Asset Allocation

By: Derek Lim There is a thread on "What is your overall asset allocation?" in Sgfunds. I find it really useful gauge of each person investment appetite and risk. Below is my asset allocation. Stocks : 53.00% Insurance : 27.56% Cash: 14.84% Fix Income: 4.24% Gold: 0.36% Insurance: I still have 2 endowment and 1 whole life policy. I guess I'm one of those with the highest allocation … [Read more...]

September Portfolio

By: Derek Lim I was in reservist for the whole of September. Hence, I didn't have much time to monitor my stocks or update my site. But hey, isn't that what investments are about - ignore market noise and let it run. It's a pretty good month, with the Fed cutting interest rates and the market rebounded. The sub-prime issues seem so long ago. I guess it's human nature to look at the positive and … [Read more...]

Portfolio Update 18 August 2007

By: Derek Lim I have sold all 10 lots of Unifiber at $0.210 at a loss of 23.59%. However, I'm fortunate that my overall loss was not too affected as Unifiber made up only about 9% of my portfolio. However, in line with the market tumble this week, my existing portfolio is now at -6.13% and my returns for the year is at -4.97%, mainly brought down by a sharp decline in HL Finance. I still stand … [Read more...]

Hong Leong Finance – Second Quarter and Half-Year Financial Statment 2007

By: Derek Lim A good set of results though a dividend of 6 cents is pretty disappointing considering that HL Finance has S44 tax credits - I suspect that HL finance might be issuing rights. My friend mention that HL finance has just open a branch in Rivervale Mall. This is in line with HL Finance plan to target the heartlands. With the economy expected to do well, I will expect to see even … [Read more...]