Lone wolf investor

  Lone Wolf is back with 10 things you need to know about CDG AGM held 28 April 2023. I was proxy to attend the meeting. I am glad to be able to share my observations. (Full attendance by the Board of Directors) 1.) This year annual meeting was held at Singapore Chinese Cultural Centre. Around 400 shareholders attended the meeting. The auditorium was about 80% filled.  2.) Annual General “Makaners” are in for a treat, Hot buffet was provided and it looks quite yummy. I gave the AGM buffet a rating of 8/10. 😛 I would like to give the company credits for treating their shareholders well with a nice buffet. The Chair and the management also patiently and respectfully answered questions from shareholders online and offline to their best ability. Kudos to the BODs and Management. 👍 (The buffet look sedap(tasty in Malay), look at the queue! I didn’t stay for the food. One of the better AGM to attend for “AGM”) 3.) The new CEO was sharing his credentials when asked about his experi...

(Source : PS4) Lone Wolf Fund(LWF) Portfolio as at end of April 1.) Cash 2.) Bank of China(3988.HKG) 3.)  Boustead Singapore(BSL) 4.)  Haw Par Corporation(HPC) *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Bai(拜) Sifu( 师父)  seeking wisdom In the age of internet, I haven’t pass a day without someone trying to sell me something. A course, insurance, collective investment scheme or a cause for donation and even ladies tummy tucking undergarments. Those “brothers” and “sisters” selling option, charting, crypto and many other investment courses on YouTube. Kindly excluded me from your youtube blast list, you are giving YouTube too much of your advertising dollars. I am most weary to those option trading expert turning drop shipping guru overnight. In the age of Internet if anyone can sell you anything, they can and they are most willing even an outlandish get rich quick scheme. Most of those initial “free” ...

  Result for May issue SSBs. All applicants who had applied within limits get full allocation. Congratulations. 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 whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All inf...

(Directors in good spirits) 10 things you need to know about Haw Par Corporation AGM held on 25 April 2023. 1.) The AGM was held physically for the first time in 3 years after Covid at the Grand Ballroom, Plaza Parkroyal Hotel. 2.) I estimated there were at least 150 shareholders in attendance which is quite impressive given there are only 222m outstanding shares unfortunately the Chairman, Dr. Wee was absent for the AGM on the advice of the doctor. 3.) No food is available after the meeting, a big disappointment for those annual general “makaners”. Although there is no food, shareholders were given a goodie bag that comprise Tiger balm, Mosquito repellent patch and Tiger Balm Plaster. (Great for stomach pain, mosquito bite and back pain) 4.) The company was asked about its expansion plan. Going to Africa which Tiger balm doesn’t have a foothold is a possibility given the huge market for Tiger Balm products. CEO mentioning about the need to build up distribution network before thing ca...

Liu Kang Singapore 1911-2004 On Guard, Ipoh circa 1940s Gift of the Artist’s Family Collection of National Gallery Singapore    Market Summary 17-23 Apr 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - Republicans will propose to either lift federal borrowing limit by US$1.5 trillion or suspend debt ceiling until Mar 2024  - US unprecedented rules limiting investments in China are expected later this mth   - US inflation still too high, Fed will act to lower it: Fed’s Williams Bank of NY + Fed likely to hike rates 1 more time and then hold steady: Bostic; Atlanta Fed Reverse  - Yellen warned any effort to decouple the economies of US and China would be disastrous for both countries and destabilising for the world  - US house speaker McCarthy called for spending caps to raise US debt ceiling  + Biden plans to slash planet-warming pollution from power plants  + Robert Kennedy Jr officially announced he will run for president of US next year  + US 10-year and 2-...

  AGM is the best time for asking questions. It is the only time of the year for the shareholders to put their board of directors and CEO to the test with some questions, some difficult one can throw them off course. It is also the only time of the year to make your board of directors and ceo work for their money. Haha. Here are my questions to Haw Par Corporation. Sometime I might just throw them a hard one to spice up the AGM. Management replies are in green.  1.)  There is an outstanding borrowing of $28.5m, why is there a need to borrow given the strong financial status of the Company and the high interest cost environment? Management made a strategic decision to partially hedge the foreign currency exposure of the long term investments that were purchased in 2022 and the foreign currency denominated borrowing of S$28.5m is used to achieve this objective. 2.) Are there plans to redevelop those properties which are underperforming? Save for our office building in Kuala...

  (Edward Boustead, The founder of Boustead & Co in 1828 which the current company took its name from) This is my update report on Boustead Projects, now under Boustead Singapore. First and foremost, Just to set the tone for my discussion, Boustead Singapore is a decent company. I have invested in Boustead Singapore or Boustead Projects periodically during my career as a broker or as a retailer investor after I left the industry 9 years ago. First the background, my latest involvement in Boustead Singapore came from selling Boustead Projects shares for Boustead Singapore shares amid the takeover offer for Boustead Projects so as to continue my investment journey with Boustead Projects via Boustead Singapore. Confusing? Please read my previous blog . I am back this month to discuss an important document which was released to the shareholders of Boustead Projects in conjunction with the takeover offer. If the offeror spent million to have the offer document written, I am pretty s...