Lone wolf investor

Portfolio as at end of April 2021. 1.)  Nam Lee Pressed Metal 2.)  Pico Far East (hk.0752) 3.) Cash *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell. Commentary Good day everyone. I hope everyone is well. After a month of food and book recommendations. It is time to get back to the core agenda of this blog. The investment side of thing.  In the month of April I had reduced my portfolio by slightly over 50 percent. The two main reasons for the right sizing. First I am queasy with the elevated stock price around the world. The US market hasn’t experience a 10 percent correction since last year. The second reason is more personal I had been pouring more money into the stock market over the past 6-12 months than I had been for the past 6 years. It is a deliberate intention of mine to take a more defensive stance to reduce market exposure by reverting back to the mean. I had decide to take some profit off the ta...

The book by Nirgunan Tiruchelvam “Investing in the covid era” is a summary of all his written articles published in The Edge magazine, a weekly publication. Some of the information maybe dated but the concept still applied in today complex world of investing. Mr. Tiruchelvam is able to use simple language to explain complex investment theme. He gives very relevant macro and micro view on the economy to the fundamental of the companies. He also shares a few tips on how you can invest well in this covid disruption era. I enjoy his broad base views on a range of topics. The book goes onto Lone Wolf Investor recommendation list. Happy reading! Please follow us on telegram for the latest update by clicking on the link below  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional ...

  Raden Saleh Indonesian 1811-1880 Boschbrand(forest fire) circa1849 National Gallery Singapore Market Summary 19-25 April 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - Biden to propose tax plan nearly doubling capital gains tax to 39.6% for income >US$1m  + US 85.5% firms have beaten analysts’ estimates for EPS with results in from 110 of S&P companies  + US jobless claims hit 13mth low last week, reopening gathers pace  - US may have highest tax on capital gains in the world if Biden’s tax hike comes true  + US companies’ borrowings for capital investment rose 4% in March YoY  - US state dept warned against travel to 80% of the world  + US new home sales rebound more than expected in March + US existing homes sales drop to 7-mth low in March as prices jumped to record high amid shortage of houses  + US economy will grow at its fastest pace in decades and outperform most major peers: Reuters Poll - Republican proposed US$568bn over 5 years infrast...

Story For people who are not staying in Singapore, what the hack is BKT? Be Kind Today? Bangkok Time? Black Rock income trust? By the way BKT happens to be the ticker symbol for the trust. BKT It is an acronym for a Chinese pork ribs soup which we call Bak Kut Teh. We usually had it with a bowl of rice. The soup has a fair amount of heat due to the white peppercorn. Diners can have Chinese Tea with it. Chinese Tea is for watering down the taste buds after the meal. Some people who are alien to our food culture might mistook it as pork ribs cooked in tea if one did a direct translation from Chinese language “pork ribs tea”. The tea in this case is complimentary to the soup.  Legendary BKT is a family run business. They have two outlets in Singapore. One in Rangoon Road, the other at South Bridge Road. I was at their South Bridge outlet when I did my food CSI. Not to be confuse with the touristy BKT brand which shared a similar sounding name. This is de genuine place for authentic BK...

Market Summary 12-18 April 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US retail sales rose 9.8% in March, largest increase since May 2020 + US initial jobless claims drop to fresh pandemic-era low of 576,000 vs 769, 000 prior wk  - US govt budget deficit surged to all-time high of US$1.7 trillion for first 6 mths of budget year, near double previous record   - US officials calling for hard look at China’s plans for digital yuan, see it as potential threat - US house committee approved blueprint accusing Big Tech companies of buying or crushing smaller firms  + Biden called for US$50bn investment in semiconductors amid global shortage  - US oil industry faces new oil price war if shale production rebounds next year by rising 1m bpd: shale executive  - US sever cold spell in mid-Feb knocked out 1/3 of US oil refining capacity: data complied  + US homebuilding surged to nearly 15-year high in March - US imposed new sanctions on Russia over cyber-attacks; inclu...

The public tranche of the IPO is 87x over subscribed.  This has to be one of the highest over subscribed public tranche in recent history. I will take the number with a pinch of salt. Given there are only 1.8m available to the public for subscription. Overall the IPO is a bit more modest 4.1x over subscribed if one included placement shares to directors and institutional investors. With such high application number in public tranche, successful applicants will get only 1k-4.5k shares depending on number of shares applied. Hopefully those who got it can make back their broker’s commission. Good luck! Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment adv...

I have established a reading habit due to time on my hand during weekdays. One book which I had just finished title ‘The future of real estate’ by Ku Swee Yong. He talk about the current and future property market in Singapore post covid.  The author, Ku Swee Yong is not afraid of speaking the hard truth given the fact he has a lot skin in the game due to his close association with the property industry in Singapore. The book is worthy of a read due to the fact our stock market is skew toward companies involved in hard asset investment. Listed property developers, real estate investment trust and construction related companies are likely to be affected by the changing dynamics of the real estate market in Singapore. He also addressed the decaying lease of HDB and offers some solutions to the problem. This book goes onto the recommendation list of Lone Wolf Investor. Happy reading. Please follow us on telegram for the latest update by clicking on the link below  https://t.me/jo...

The answer is YES. I was introduced to the express lunch at Marche Movenpick@Somerset 313 by my friend, Dalip from Value investments group chat which happens to be my lunch kaki for the day. The express lunch menu came out during the height of covid 19 pandemic where many restaurants were left struggling with few customers after the circuit breaker. They had continue to keep the price low.  The restaurant offers express lunch on weekday 11am to 3pm daily. I had pan fried sea bass fillet with a glass of Lemonade. The taste is superb. The fillet is served with greens and mash potato. Sea bass is top off with lemon sauce. The lemon sauce goes very well with the fillet without overpowering the fish. Fillet is crisp on the skin and soft inside. The portion is generous too. My friend had an oxtail stew with garlic bread. Oxtail stew at $10.90+ is comparable to price of having a meal with drink at a food court in Orchard Road. We had a dessert set at $6.90+ each that come with a choice of...

Dear Subscribers, I have received news from feedburner they are no longer supporting email alert for blogspot from July 2021. I have set up a Telegram channel for subscribers who are keen to get the latest update from my blog. Please follow us by clicking the link or scan the QR below for link to Lone wolf investor Telegram channel. I will see you soon. In the meantime happy hunting! Warm Regards Lone wolf investor  Please follow us on telegram for the latest update by clicking on the link below  https://t.me/joinchat/oCgkD3sQFRMzMWM1

Econ Healthcare Asia IPO  felt like déjà vu again.  It was taken private in 2012 and now ipo(ing) again. Not again. Remember Aztech.....hmmm. Econ Healthcare runs a chain of aging/assisted homes in Singapore,Malaysia and China. China business is a small 44 beds operation. Having call themselves China Healthcare previously. The expansion into China is at best slow.  At 28c,the ipo is priced at a p/e of 14-17x. It is fairly priced as compare to other medical related stock. I don’t think there is much money left on the table. Given the fact only 1.8m is available for public. That will ensure plenty of over subscription for the IPO. My impression of Econ healthcare aka China Healthcare previously was an illiquid stock with very little trading interest after initial ipo. Given the size of the current IPO, one might face the same situation. Econ Healthcare Asia is  offering 50m shares at Singapore 28 cents each for its upcoming IPO of which 48.2m shares will be through pla...

🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + Fed’s policymaking committee voted in March to continue bond purchase and keep near-zero interest rate  - US jobless claims rose to 744,000 last week as layoffs continue, up by 16,000 from previous week   + Biden says his US$2.25 trillion infrastructure plan would create 19m jobs   + US exports to China early 2021 up 43% from pre-Covid 2019, overall exports to the world down US$8.47bn    - Yellen said a global minimum corporate tax rate will ensure firms pay out and prevent companies from fleeing to countries with lower tax rates  + US PPI up 1% in March, in the 12 mths through March, PPI surged 4.2%, biggest YoY rise since Sept 2011 + Biden administration mulls cutting US greenhouse gas emissions 50% or more by 2030  - White House summit on global chip shortage with MNCs excludes all key players from Chinese mainland  - US added Chinese supercomputing entities to an economic blacklist  - US in talks to appoin...