China milk and Swiber results

By: La Papillion China milk 1Q09 Not sure if they are going to give interim dividends for the next 3 quarters. If they do, that will give an annualised dividend yield of around 3% at last closing price. Great growth from EPS - what's good is that they are not as badly hit by rising material cost as other companies. In fact, they played the inflation game pretty well. Read that they had to buy … [Read more...]

Mid-August 2008 Portfolio Summary and Review

By: musicwhiz The first half of August 2008 was quiet, unless you take into account the rumblings of the general public who literally saw the value of shares on the bourse fall to new 52-week lows. In terms of corporate actions and announcements, there was little activity. While I do maintain that “no news is good news”, sometimes having some updates on matters pending is useful for listed … [Read more...]

Finding out the roots for your own financial freedom

By: PanzerGrenadier Reading blogs, websites and news articles about personal finance is a great way to learn and grow in the ways of being financially free. Much of why we read such material is that many authors share their own personal stories on how they managed to achieve their own personal finance dreams. Your family tree: a history in personal finance One of the most under-rated … [Read more...]

The Singapore Property Market: Personal Take I

By: Jay In this post, I am going to give my two cents on the Singapore property market. As with people giving their two cents, usually it is worth about one cent, esp when people try to give their two cents in some arena where another 10,000 people already gave their answers to 6 million dollar questions. So always do your own analysis and learn to be an independent thinker. I think that … [Read more...]

Which hat are we wearing?

By: Adrian Khiat I had the opportunity to rub shoulders with many knowledgeable and qualified Financial Planners during my CFP course, financial seminars as well as fund managers updates etc. I also like to visit blogs of fellow planners and financial forums to understand how they conduct their businesses. I believe that many of them have the knowledge, qualities and ethnics to be a true … [Read more...]

Property Investment in Singapore (Part 1 and 2)

By: Adrian Khiat I noticed a shift of Singaporeans perspective towards Property Investments over the past few years. Even till today, as I went through the Financial Plans of my clients, most of them with surplus in their income are considering getting another property in the next 1-3 years. Another observation I have on these people are that they do not have a Retirement or Children … [Read more...]

The Beauty of a Bear Market

By: musicwhiz On hindsight, it would have been extremely obvious to a casual observer and a reasonable person that the market would turn bearish this year. That is the problem in general with predictions - they are usually extremely accurate only by looking at history ! However, this post is not to lambast people who attempt to time market cycles (some do get it fairly accurate but are often … [Read more...]

The Double “Whammy” of Lower Profits and Lower Valuations

By: musicwhiz Basically, the premise is simple: a company reports a fall in profits due to rising costs and inability to raise prices sufficiently to offset these costs. To add to their woes, staff and admin costs have also increased and put a further strain on net profits. This would of course lead to lower profits in subsequent quarters and the company may see its net profit contract by about … [Read more...]

Price Movement

By: Level13 This posting is not to encourage readers to trade. For most people, it has been proven that constant trading is detrimental to their investment return. However, as a retail investor, we should have a general knowledge of the signals that the price movement is indicating to us. The price movement of a stock is dependent on the demand and supply of the stock, which in turn is … [Read more...]

Preventing Investment Mistakes: Ten Risk Minimizers

By: Drizzt Most investment mistakes are caused by basic misunderstandings of the securities markets and by invalid performance expectations. The markets move in totally unpredictable cyclical patterns of varying duration and amplitude. Evaluating the performance of the two major classes of investment securities needs to be done separately because they are owned for differing purposes. Stock … [Read more...]

Financial Results

A slew of financial reports were released and our logger bloggers wasted no time in analyzing and interpreting their results. C&G Industrial holdings By: La Papillion C&G Industrial holdings had a ninja 2QFY08 announcement on 3rd August, yesterday. It is rare to see a company giving its result announcement on Sunday. Caught me off guard, so to speak :) I noticed it when I saw a big … [Read more...]

Your Money or Your Life – Panzer’s Book Review

By: PanzerGrenadier Transforming Your Relationship with Money and Achieving Personal Independence I had heard of this book many times through surfing the net for personal finance websites and blogs and finally decided to order this instead of borrowing it from the public library on a whim. What a decision it was… Unlike most personal finance books that provide tactical ways for you to be … [Read more...]

Insurers’ Participating Fund Returns

By: Adrian Khiat I had just completed my compilation on the historical performance of the Life Participating Fund of our local Insurers. I had also complied the approximate weightings of their investment allocations. From my observation, asset allocation should be the main reason why the returns are so different. * AsiaLife is the most consistent performer followed by Prudential and NTUC … [Read more...]

How To Make Money In Stocks Part 6: Identify spread divergence

By: DanielXX As a fundamentals-based investor, I am always looking to find bargain buys on the basis of value and I often try to spot trends (see my blog Trendspotting) which could lead to a re-rating of particular stocks. Once one has identified a particular trend, he can find companies which have particular leverage to that trend. A useful framework for finding good companies is identifying a … [Read more...]

What wage-price spiral?

By: DanielXX Inflation is in the air, and Singapore has not been spared. Indeed, as one of the most open economies in the world, we are seen as particularly vulnerable, even a precursor to what the rest of the world will experience several months later due to our lack of subsidies for many common products that typically shield consumers of other countries from immediate price impact. Given … [Read more...]

Excuse me, are you an IFA? – Part 4

Well, this is the final part of expounding on my role and standing as an IFA and it is with humility that I am still in the business because chiefly of God's grace and what I believe to be my clientele's trust in me in looking after their interests and financial well being. Yesterday, I like to believe I not only talk the walk but walk the talk as an IFA in going the extra mile to serve my … [Read more...]

Excuse me, are you an IFA? – Part 3

By: Patrick Lim Well, as promised, for today, I shall attempt to address the widely held beliefs that an IFA may not offer unbiased advice and also bypass products not found in the IFA's stable. First and foremost, please allow me to digress by going into a little bit of history with regard to my earlier years with Promiseland Independent Pte Ltd. Throughout Promiseland Independent's … [Read more...]

Excuse me, are you an IFA? – Part 2

By: Patrick Lim At one glance, the above table aptly summarises the differences between all practicing financial advisers under the ambit of the FAA passed in Cctober 2002 and credit (for the above table) goes to Mr David Choo, Managing Director and founder of Promiseland Independent Pte Ltd which also appeared in the original article published in the March 2003 edition of the SmartInvestor … [Read more...]

End-July 2008 Portfolio Summary and Review

By: musicwhiz The second half of July 2008 was much quieter, if you compare it to the flurry of activity which characterized the first half of July 2008. There were no significant updates from the companies I own and only Suntec REIT and FSL Trust released their results. DPU, fortunately, was higher than expected and continued to provide me with high yield amid the current high inflationary … [Read more...]

Feeble defense of Hongcheng

By: La Papillion What an interesting forum! Someone launching attack on FA people on huatopedia. Basically, millionairemind is trying to question an assumption held by some- that there is a PE where the stock will not go any lower. The thread is about busting common investing myths - excellent discussion going on there :) He argued that, "If a stock you are looking at has a PE ratio of … [Read more...]