Added Centurion Corporation Limited to my portfolio.

I was introduced to Centurion Corporation Limited by a friend some time ago. He went in early, made his money, a lot of money, and scooted. Clever fellow. AK is more of a plodder when it comes to investments. Investments which pay dividends consistently and meaningfully get his attention. A judicious amount of leverage is acceptable but too much leverage is scary especially now that interest … [Read more...]

Divested my physical gold

Recently, I partially divested my physical gold for 10% yield amid the rally in gold price. The reason for selling my gold is not because I lost faith in it but solely to consolidate my funds to prepare for the impending Temporary Occupation Period (TOP) for my Executive Condominium. The average annual yield from my physical gold investment is about 3.33%. Although the return is nothing to … [Read more...]

HPH Trust: DOWN but NOT OUT

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Hutchinson Ports Holdings Trust, more commonly known as HPH Trust traded at USD 39 cents per share on 23 Feb 2017. This stock price is near to the Trust’s lowest. To illustrate how low the stock price is now down, the Trust IPO price in year 2011 was USD 1.01 dollars. So now HPH Trust is trading at around 60% discount from its IPO price. The business fundamentals are reasons to why the Trust is … [Read more...]

My Keppel and Sembcorp in the Green

I've been so lazy (and also because the markets are sooooooooooooooooooooo boring) that I haven't done an update post to my SGX portfolio since April 2016, haha! On the bright side, I do update the figures and it's all on my sticky page, I just haven't had the time to make a full post on it. Guess what? I'll try to do one for end of Feb 2017, all right? No promises though. I might forget, … [Read more...]

TalkMed FY2016 Financial Result & Proposed issue of Bonus shares

On 22 February 2017 , TalkMed had announced a bonus issue of new ordinary shares in the share capital of the Company (the “Bonus Shares”) to the shareholders of the Company on the basis of one Bonus Share for every one existing ordinary share . It is definitely a good news to me as the price have surged up by more than 30% based on my entry price. I might dispose some of my TalkMed shares … [Read more...]

2 reasons to stay away from Snap’s IPO

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(You may refer to Snap's S-1 filing here) To say that I am not a big fan of Snap's IPO would be an understatement - I would not touch Snap's IPO even with a ten foot pole. Here are the 2 biggest reasons: 1) No voting rights Source: Snap's S-1 filing Snap has 3 classes of common stock, and are offering only class A - those without any voting rights. What this essentially … [Read more...]

WHY the STI ETF might still be ATTRACTIVE?

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Dear readers, if we look at the Singapore stocks benchmark indicator STI, it is currently hovering around the 3,100 mark. The STI benchmark is made up of the top 30 companies in terms of market capitalization. If we compare the STI benchmark across a continuum, the range is from below 2,000 (corresponding to stocks markets downturns) to above 3,000. Then, if we look at the constituent stocks of … [Read more...]

11 Malaysian REITs that made you money if you invested from their IPOs

Last week, I wrote an article about 15 Singapore REITs that would have made you money if you invested from their IPOs. Out of the 19 S-REITs that have been listed for listed for at least 10 years, 15 of them gave a positive overall return for investors. In this article, we will look at their counterparts from across the causeway and do a similar study on the performance of Malaysian REITs … [Read more...]

Global Testing – That Problematic 9.5% Dividend Yielder

I wanted to write something about Global Testing for 1 year plus. However, due to blogging circumstances, I keep this aside and didn’t write much about it. There are just so many companies to pen my thoughts about. Global Testing have just announced their full year results and declared a $0.10 dividend and a $0.10 capital reduction so I guess let me try to see if I can pen my … [Read more...]

Recent Action – Kingsmen & FY16 Results Review

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Kingsmen announced their full year results late yesterday night which was anticipated to be bad. In my Q3 review, I anticipated their nopat to come in at $11 million by putting an assumption of 3.5% net margin based on the order book the company revealed. I was not far from that as the nopat comes in at $11.8 million with a net margin of 3.61%. Here are some of the highlights which came to … [Read more...]

Starhub – Dividend Investing Gone Wrong

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There are many developments in the Telecommunication industry with the entry of a fourth operator soon in Singapore. As we all know, Singapore has 3 Telcos here namely Singtel, Starhub and M1. The 4th Telco which is coming will be TPG telecom. Let's take a look at Starhub in this post and see what went wrong with the share price falling from a high of $4+ to $2.80 now. Starhub was once a … [Read more...]

Lee metals: Still delivering

Dividends that is.   While NP profits fell compared to a year ago, dividends of 2 cents is 0.71 of EPS and 0.35 of FCF. No financially strain here,.   I recently increased my position. I felt 2017 will be a better year for Lee metals. I have holding this company since 2013, and has receive 8.5 cents. Before u poke, let me strip myself- I bought it at a av price 33 cents.   If we track BCA … [Read more...]

Research report on SIA Engineering Company

On 3rd February 2017, SIA Engineering Company announced 3Q results for 2016/17. It wasn’t exactly an impressive set of results but the data certainly reveals some interesting aspects of the company’s performance against the backdrop of a challenging operating environment for the maintenance, repair and overhaul (MRO) sector. This will be another research report on SIA Engineering Company … [Read more...]

Unattractive Lunar New Year bank promo

Till end Feb... The only low-hanging fruit promo that I could find is the DBS $28 Hong Bao giveaway for opening a new deposit account or SAYE account online. T&C applies. So I have gotten myself a Multiplier Account. POSB is offering 1.45% for 4 months if you open a higher interest account with fresh fund deposit. Last year was 8 months. Standard Chartered is offering a miserly 1.15% for 11 … [Read more...]

WILL THESE TWO OVERSOLD BLUE-CHIP STOCKS RALLY NEXT?

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There are two blue-chip stocks which are currently oversold. Pardon me, if the two stocks that I am going to present next are not blue-chips in your definition. It is understandable since in today’s stocks markets, what have been blue-chips might no longer be blue-chips. Take for example, Sembcorp Marine stock. In its heydays, Sembcorp Marine stock traded at over $5 a share and compare this with … [Read more...]

Golden Energy – Is this a laggard coal play? (17 Feb 17)

Pursuant to Golden Energy’s (“GEAR”) compliance placement at $0.670, GEAR has not closed above $0.670 since its debut on 12 Dec 2016. In fact, GEAR has slumped 21% from $0.655 on 12 Dec 2016 to $0.520 on 17 Feb 2017. This underperformance is even more glaring as compared to +24% appreciation in Geo Energy’s share price over the same period. Is GEAR a laggard coal play? Let’s take a look at some … [Read more...]

The Telco Landscape in Singapore

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The telco regulator in Singapore, Infocomm Media Development Authority (IMDA), regularly publishes a list of facts & figures about the telco industry. It is interesting to look at the figures occasionally to understand the trends affecting telcos and review whether telcos worth investing. Mobile Services To investors of the 3 local telcos, the most important figure must be the no. of … [Read more...]

My investment portfolio, market value and position sizing.

I feel that I have been blogging a bit too much recently and it is probably a good idea for me to go offline for a few days. So, it won't just be blogging that I am avoiding but everything else that requires me to go online to do as well. Hence, I won't be replying to comments and emails either. Before I go offline in another few hours for the next few days, I should respond to a request … [Read more...]