Lone wolf investor

Lone Wolf Fund(LWF) Portfolio as at end of November   1.)  Keppel Corporation   2.) Cash *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary   The market goes through a serious correction towards the end of the month, the ghost of covid 19 refuse to leave us for good. STI and LWF was down about 5 percent respectively for the month of Nov. Medical expert are calling the South Africa variant to be more contagious than the Delta variant. Very little are known about the new covid variant. The market is likely to have their fingers off the buy button until the world had a better understanding of the new virus. Caution is the main order of the day. Correction might be ugly in some days. To be honest, the market was finding a reason to correct after the good run. It had been a few months since the last big correction. Whether this correction turn out to be a the start of a bear trend, it is too early to tell. LWF had a qui

Vincent Leow Singapore 1961 The Artist’s Urine circa 1993-1994 Collection of Singapore Art Museum  Market Summary 22-28 Nov 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US jobless claims plunged to 199,000, lowest in 52-year    + Fed will likely double the pace of tapering its monthly bond purchases from Jan to US$30bn, wind down its pandemic-era bond buying scheme by mid-March: Goldman Sachs  + US consumer spending increased by 1.3% in Oct, double the 0.6% gained in Sept - Dow recorded worst drop of >900 pts in 2021 amid fears the new Omicron strain could unravel economic gains  - US Black Friday shopping in stores drops 28% from pre-pandemic levels as Americans stay home  + Biden chooses Jerome Powell for 2nd term as Federal Reserve chairman  + Biden ordered the release of 50m barrels of crude from emergency stockpile to battle rising prices, in coordination with several other countries to lower oil prices  + US bank regulators will team up to develop crypto rules next year  - US govt added d

  (Inflation roaring ahead) Inflation or disinflation are commonly used words in economic narratives to describe price expectations of an increase or decrease in goods and services . If there is a number to work with, The US Fed and Japanese central bank conventional wisdom put it at 2% as the golden number, not too hot or not so cold. Central banks around the world had a love hate relationship with inflation. Too hot, it create bubble in the financial market and cause social unrest, too low it may cause deflation which can result in falling asset prices. Japan went through many decades of deflation in its economy cause by bad loans weighting on banking sector profit and their ability to lend. Many businesses had to defer capital spending due to lack of pricing power. A generation of penny pinching consumers were born which restrict the ability of Japan businesses to raise price. The ¥100 shop boom are the indirect result of deflation as consumers went for cheap and value for money pro

  As expected, The subscription of Temasek T-2026 1.8% bond is 6.5x over subscribed. Applicants applying  for $13000 and below will get the full allocation. Trading of the bond will start on the 25th November 2021 at 9am.  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 advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoe

F.X Harsono Indonesia 1949 What would you do if these crackers were real pistols? Circa 1977- 2018 Collection of National Gallery Singapore  Market Summary 15-21 Nov 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + Biden-Xi recent virtual meeting intended to build consensus on major world problems: White House  + US may set up a new Asian economic framework with allies and friendly nations as early as next year: Tai  + US Leading Economic Index increase at a faster pace in Oct vs Sept, signalling gathering momentum over the month  + US President signed a US$1 trillion infrastructure bill + US jobless claims fall to pandemic low in tight labour market to 268k  + US reportedly ready to receive bulk shipment of diesel from Russia as it strives to cool down fuel’s retail price  - Hillary Clinton warned Cryptocurrencies could possibly undermine existing fiat currencies and US dollar’s role of being reserve currency   + US wants ‘race to the top’ on Africa infrastructure amid China competition: Blinken  - U

  I pick up the book from the National Library initially drawn by the alluring title “Post Corona Crisis to Opportunity” by Scott Galloway. Who could be worse off wanting to know more about the opportunities available in this corona virus era? After reading the book, It had a more profound impact on my thoughts on two fronts. First it changes how I will invest in the future, I will be certain some tech companies are likely to appear in my portfolio in the future given I am always been a hunter for value stock, the high and sometime ridiculous valuation in some tech stocks are in conflict with my value investing thought process. Second it changes how I view my consumption of social media and the need to keep it in check.  I was pleasantly surprise it was the same book which my friend had spoken passionately about the good content. One of the best book he had read all year. WFH a.k.a work from home, zooming, those words which we would have been very familiar by now. Nothing unusual I fir

  Temasek is offering 5 years bond for retail subscription at min of $1000 and in multiple of $1000 Interest - 1.8% per annual interest payable half yearly Tenure - 5 years Maturity - 26 Nov 2026 Rating - AAA The return are nothing spectacular. it is suitable for investors whom had little or no risk appetite. There is no interest rate risk if the bond is hold until maturity. The bond is likely to be oversubscribed given it is a AAA rated and the general appalling interest offer by comparable low risk product. The interest rate on the bond compare favourably with Singapore Saving bond 1.8 vs 1.71(10 year average). The main difference for SSB, one could withdraw SSB anytime without penalty and loss at par value. Please study interest rate and sovereign risk before investing. Offer open 9am 16 Nov 2021 and closed on 22 Nov 2021 12 noon.  Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimer

  OBS JV came out with a higher offer for SPH, effectively putting an end to the takeover tug of war with Keppel. There is still a small technical possibility Keppel may still win if IMDA refuse approval for OBS JV acquisition of M1 which SPH has 16 percent. The new offer of $2.36 in cash or $2.40 in cash and sph reit share are both slightly superior than Keppel’s bid.  It will be interesting to see what the new acquirer will be doing to the 40% stake in Genting data centre and 16 % M1 which Keppel are the majority owner of both assets.  All in all I am not particularly disappointed with the failed bid. There are plenty of divestments initiatives at Keppel Corporation to keep them busy. Over the weekend they had announced two divestment which will add 87m around 4.8c to their profit over 2021/22 FY. They will be given 34m around 1.8c per share in break up fee arise from superior offer for SPH. There are also Keppel O&M merger with Sembmarine to work for. There are plenty of play le