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Posted on September 3, 2010 - by musicwhiz

August 2010 Portfolio Summary and Review

Featured Shares and Derivatives

Photo by Shermeee

Photo by Shermeee

August 2010 was indeed an interesting month for me in terms of portfolio changes; as I made the somewhat painful decision to divest of my entire stake in FSL Trust (as I had previously blogged about in this post). The decision was a mixture of relief and regret, as the funds from this investment can finally be freed up to be redeployed into a more promising investment. What I dislike most is “deadweight” in my portfolio, and I will not hesitate to cut loss on a position in order to re-allocate the funds to another position should I objectively conclude that it would be in the best interests of my portfolio.

I had mentioned that I expected August to be a relaxed month; but it was not to be so as I spent quite a bit of time researching and poring over Annual Reports for my latest purchase – SIA Engineering Company Limited (“SIAEC”). In order to do a more comprehensive analysis as compared to my previous one on Kingsmen Creatives, I spent a lot more time dwelling on the Annual Reports, doing deeper analysis on each division, poring through SIAEC’s many associated companies and joint ventures; as well as doing a detailed competitive analysis for three of SIAEC’s competitors. The result is a rather lengthy report to justify my purchase of SIAEC which I will split into five separate sections (in order to keep each section readable). The full report is about 32 pages (along with 14 tables of figures) and it is my intention to post up as much of the analysis as I can in its entirety; as this is the first blue chip company (SIAEC is, incidentally, part of the Straits Times Index’s 30 component stocks) I have seriously researched on and I will need to get some feedback so that I can improve for future research and analysis work. (more…)

Posted on August 25, 2010 - by kevinscully

InvestFair 2010……some questions posed to the panel on Themes for 2010….from Genting to where the STI Index will be by the end of 2010

Featured Market Review and Trends
InvestFair 2010……some questions posed to the panel on Themes for 2010….from Genting to where the STI Index will be by the end of 2010

InvestFair 2010 was held at Marina Bay Sands……the YOG made getting their last Saturday a bit difficult for me because the roads were closed and only opend at 1pm.  Finding parking at the Convention Centre wasnt difficult especially when your daily rate could be as high as S$30.00.  The building [...]

Posted on August 24, 2010 - by Createwealth8888

High Dividend Yield Stocks? – Part 8

Featured Investing Shares and Derivatives
High Dividend Yield Stocks? – Part 8

Read older post on? High Dividend Yield Stocks? – Part 7
I believe all investors will love high dividend yield unless you are a day trader who don’t really need to care on dividend.
Imagine a high dividend yield bandwagon is rolling past you. A few people on the back of the wagon are partying and playing music [...]

Posted on August 23, 2010 - by Wilfred Ling

94% “voted” against CPF Life

Personal Finance
94% “voted” against CPF Life

I read with dismay from Straits Times article “CPF Life: Some want to be given a choice” dated 18 August 2010 that out of 700,000 of CPF members who are eligible for opt-in, only 40,000 took up CPF Life and committed S$2 billion to the scheme. This means that the remaining 94% [...]

Posted on August 23, 2010 - by musicwhiz

Tat Hong – FY 2010 Analysis and Review Part 3

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Tat Hong – FY 2010 Analysis and Review Part 3

Part 3 of this analysis delves into Tat Hong’s inventory levels for crawler cranes as well as tower cranes. It also attempts to discuss Tat Hong’s prospects for the next financial year and beyond by incorporating recent news as well as from attendance at Tat Hong’s FY 2010 AGM which was [...]

Posted on August 21, 2010 - by musicwhiz

Sun Tzu – War On Business Part 11 (Ultizen Games)

Business Featured
Sun Tzu – War On Business Part 11 (Ultizen Games)

Episode 11 of this highly successful series brings James Sun back to China, Shanghai. In this episode, he meets up with entrepreneur Lan Hai Wen, who heads a video-gaming company called Ultizen Games. Ultizen is in charge of producing and marketing games for adults and children, but the Company recently was awarded a [...]

Posted on August 19, 2010 - by Ee Min

Whole Life vs Term (critical illness)

Insurance
Whole Life vs Term (critical illness)

I read a post by fellow IFA (Martin Lee of Promiseland, aka the Lion Investor). Being a personal friend, I respect him in well regard of his views on investment and personal finances.
He recently wrote a piece on Whole Life (insurance) vs Term.
Other than pointing out the opportunity cost of whole [...]

Posted on August 19, 2010 - by Chee Wan

Be your own boss

Active Trading
Be your own boss

Forex trading involves dealing in international currencies. Here, one can sell currency of one country to buy that of another. The trader deals in Foreign Exchange [Forex] at the most appropriate time to profit from the transaction. Good ability to forecast plays a vital role [...]

Posted on August 19, 2010 - by La Papillion

Old people don’t need life insurance?

Featured Insurance
Old people don’t need life insurance?

I was browsing through some of the blogs when I saw Mr Tan’s post on insurance. It’s his usual style to advice people to buy term and invest the rest. But that doesn’t attract me – it’s this line:
“There is no need for people to have life insurance when they are old.”
By ‘life insurance’, I [...]

Posted on August 18, 2010 - by Kay Toh

Why rising property prices are not healthy for the majority

Market Review and Trends Personal Finance
Why rising property prices are not healthy for the majority

At the end of the previous month, HDB just released the latest update of the Resale Price Index (RPI) and this latest update shows that the RPI has increased by another 4.1% in the Q2 of 2010. The chart above shows the historical RPI and as you can see, the RPI is some way above [...]

Posted on August 17, 2010 - by Alvin

Sakae Holdings – Fundamental Analysis

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Sakae Holdings – Fundamental Analysis

I like sashimi. Sakae is an affordable Japanese restuarant to go to. It has become a name that is synonomous with Jap food and sushi. Let’s take a look how their stocks fare.
The current price of Sakae Holdings share is S$0.200. In 2009, the earnings per share is S$0.23. This gives a P/E [...]

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Active Trading

Be your own boss

Forex trading involves dealing in international currencies. Here, one can sell currency of one country to buy that of another. The trader deals in Foreign Exchange [Forex] at the most appropriate time to profit from the transaction. Good ability to forecast plays a vital role [...]

Active Trading

329 pips profits was generated for the 1st half Of August 2010

329 pips profit was generated for the 1ST half of August 2010. 13 trades were executed: 8 trades won and 5 trades lost.
If you are trading 1 full contract (100,000) per trade, your profit for 329 pips will be around US$3290.
Here are the details of my trades:
1. USDCAD: 34 Pips Loss
Not looking [...]

Active Trading Featured

How to Choose a CFD Broker Part 2

strong>CityIndex
I just closed my Forex CFD trading account with them. What I like about them is the withdrawal procedure. Unlike the other brokers, you do not need to fill in a withdrawal form (hardcopy) and mail/fax it back for processing. I just dropped an email and supplied some details for verification [...]

Featured Market Review and Trends

Double dip or mild recovery in the US…..the uncertainty is causing a boom in the bond market and low volumes in equities……

I had an informal lunch with some academics and fund manager veterans last week to test the waters.
It is timely in that we have Fed Chairman Bernanke Bernanke, in his Aug. 27 speech to central bankers and economists in Jackson Hole, Wyoming, indicating that the US economy is not growing as fast as [...]

Market Review and Trends

Stubborn HDB Property Bubble?

Some of my friends painfully resisted buying a flat for the past few years, hoping that the property bubble will pop when the global recession erupted. But to their disbelief, the prices and cash over value (COV) continue to defy gravity and broke new highs. This prompted [...]

Featured Market Review and Trends

InvestFair 2010……some questions posed to the panel on Themes for 2010….from Genting to where the STI Index will be by the end of 2010

InvestFair 2010 was held at Marina Bay Sands……the YOG made getting their last Saturday a bit difficult for me because the roads were closed and only opend at 1pm.  Finding parking at the Convention Centre wasnt difficult especially when your daily rate could be as high as S$30.00.  The building [...]

Featured Shares and Derivatives

August 2010 Portfolio Summary and Review

August 2010 was indeed an interesting month for me in terms of portfolio changes; as I made the somewhat painful decision to divest of my entire stake in FSL Trust (as I had previously blogged about in this post). The decision was a mixture of relief and regret, as the funds [...]

Shares and Derivatives

Starhill Global REIT – Fundamental Analysis

Starhill Global REIT invests in retail space at prime location. Based on her 2009 annual report, there are 10 properties in the portfolio. Locally, the REIT has Ngee Ann City (27.33%) and Wisma Atria (74.23%). 7 of the properties are in Tokyo and 1 in Chengdu. They just acquired David Jones Building in Perth and [...]

Featured Shares and Derivatives

GRP – FY 2010 Analysis and Review

GRP released their FY 2010 results on August 20, 2010 (the company has a June 30 year-end). Suffice to say that there were no major surprises; either negative or positive, but the prevailing sentiment from me is that the Company can do more to either increase their dividend or to reinvest the [...]

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