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...]

SPC: Singapore Petroleum Corporation second quarter results

By: Drizzt Just got wind from Maki that SPC have just released their second quarter results. so how did they fair? Revenue Growth was 64% However, net profit grow by only 0.5% Compare to previous year cash position was drastically reduced to 290 mil from 475 mil However, what has increased are derivative instruments from 7 mil to 64 mil Increase in operations have caused … [Read more...]

4 months to settle a claim

Someone wrote in Tan Kin Lian's blog on his claim experience. Pretty interesting and be sure to read about the comments from other readers. Dear Income I am delighted to receive the claims discharge voucher and cheque. I am extremely thankful for my resolved dispute, but, regrettedly my problem was only solved after I see the MP and approached Mr Tan Kin Lian. Why can't X solve my problem 4 … [Read more...]

What is a Life Participating Fund?

By: Adrian Khiat I received a letter from one of the big insurance company, which I have a Life policy, with regards to their 2008 bonus declaration. I am disappointed to see that bonuses had not increase despite the equities bull run since 2004. I am not too optimistic in the next few years if the global economy do not do perform and when the effect of the industry-wide recent change in tax … [Read more...]

5 Ways to Spend Less and Live More

By: PanzerGrenadier The more I read personal finance blogs, the more I realise the secret towards financial freedom is within our grasp. It is something that all of us have known in our lives but were too set in our ways to realise it. We caught sight of it in some of our parents’ lives, some of our grandparents and those people who choose not to live like everyone else. What is this secret … [Read more...]

Osim 2Q and SMRT 1Q

By: La Papillion Seems like earnings seasons are coming, this means that I have a lot more to do analysing and musing over their results. I'm looking for signs of a general global slowdown due to the subprime fallout (if any). So I'll be looking briefly at results of companies which are of interest to me. 1. Osim announced their 2Q08 results. My take: Still losing money but compared to … [Read more...]

Excuse me, are you an IFA?

By: Patrick Lim Hi, all, Firstly, please allow me to tender my most abject apologies to all of my regular readers of my blog for not posting even a single entry after the last one in march 2008. You see, since my MIA some months ago, I continued to receive many queries from both consumers and forumers from sgfunds but what really prompted me to return to blogging is that in this month alone … [Read more...]