Lone wolf investor

  (Happy Deepavali to those celebrating the festival) Lone Wolf Fund(LWF) Portfolio as at end of October  1.) Cash 2.) Valuetronics Holdings Limited   3.)  SBS Transit   4.)  Boustead Singapore(BSL) *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary The market is facing the dreadful prospect of having to deal with a 4% risk free yield and a higher borrowing rate in Singapore. It calls into question on the conventional wisdom of having some debt on the book is good. Having a lot of cash in the book are now considered superior. Given the high risk-free rate, a lot of money will be sucked into risk free assets like money market funds, government bonds and other types of hybrid investment close to risk free . That creates a vacuum for capital. If one can get 4% risk free, it makes little sense to invest in a low-yielding investment. Singapore stock market returns average around 6.7% annually over a 20 years period with

  Result for Nov 2023 SSBs is out. The November issue was 20% over subscribed. Those applying $47k and below got full allocation with 74% of applicants getting an additional $500 for $47.5k or above. God bless. 😉  Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  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 verific

(Free image credit: Peace Dove ;Pixabay.com) My thoughts and prayers to those families who had lost their loved one in the Palestinian and Israeli conflict. A lasting peace deal between the two is long overdue. It is my hope to see all the big powers showing leadership and chipping in for world peace. May God bless those in their times of need. 🙏 Equity or Debt? Cashare! I chanced upon Howard Marks’s interview with Bloomberg’s David Rubinstein. I find it beneficial to know Marks’s view on the current market situation. He was asked, Is Equity or Debt a better investment currently? Below are a few interesting pointers from Howard Marks. 1.) Return on Investment in debt or credit market is likely to offer better return based on a risk reward basis given the high and longer interest rate narrative by the Fed. 2.) One can get close to equity like returns on debt and credit instruments with the advantage of a higher hierarchy of claims. As an equity holder, you are left with crumbs when a c

  (Source : MAS website) The current yield on November SSBs is at its highest for the year. At 3.32% average yield, I am expecting good take up for this month issue. As for next month SSBs, it will be similar in term of yield base on 10 years SGS bond yield. It is definitely good time to be a saver now. SSBs could be use to house an emergency fund with flexibility in withdrawal and good long term return. There is no capital risk but do note there is one month lag for withdrawal. Risk free rates are likely to stay stubbornly high throughout next year that makes SSBs a good safe heaven. Closing date for application falls on 26th Oct 2023@9pm. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial

Where do you look for value in this corrective market? Value(tronics) 😅. Joke aside, this company is indeed cheap on ex-cash basis. Valuetronics business revolves around EMS(electronics manufacturing services). The company has an insanely high 80% of its market capitalisation in cash. Lone Wolf likes companies with a lot of cash, as cash deposit become tailwind for earnings growth with risk free rate staying stubbornly high. On an ex-cash basis one is paying 10c for the whole business roughly 2x p/e. They earned roughly about 5c SGD(HKD 30c) a year. The dividend yield which includes special dividend is around 3.5c approximately 6.6%. They have a share buyback program to acquire up to HKD $250m about SGD $44m equivalent in shares. They are only 1/3 through their buyback. The buyback acts as a backstop for the share price. The HKD $1B net cash also helps reduce the downside risk. Over the past 5 years, the company had went through tough times. From trade wars to covid 19. Revenue suffer

  Ong Kim Seng Singapore 1945 Singapore River circa 1980 Collection of National Heritage Board, Singapore Market Summary 9-15 Oct 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US CPI rose 0.4% in Sept MoM and 3.7% YoY, core CPI up 0.3% MoM and 4.1% YoY, shelter costs accounting >50% the rise   - US national debt surged >US$500bn in just 20 days to reach US$33.5 trillion, borrowed by federal govt to cover operating expenses  + Fed Reserve Harker: amid ongoing disinflation, rate hikes likely over  + US jobless claims remains at historically low level of 209,000, job market remains strong in face higher interest rates - US average long-term mortgage rate surges to 7.57%, holding at highest level since 2000  + US import prices edged up 0.1% in Sept, below expectation due to strong dollar  - US consumer sentiment fell sharply in Oct as household anticipated higher inflation over next yr  + US major banks; JPMorgan, Wells Fargo, Citigroup profits get boosted by higher interest rates  + US EV sales j

  (Contents) George Yeo’s Musings 3 was his third and final book exploring his personal life and his views on geopolitical trend of the world. The book took me just over a month to finish as I am keen to know his experience working under our late PM, Mr. Lee Kuan Yew. He had an intimate working relationship with LKY since graduating as a presidential scholar. The late Mr. Lee had in many occasions asked George Yeo to join politics early so he could groom him under his wing as he saw George as a capable person destined for an important role in the government. It was not until at the very end of his service with the SAF when he decided to take a leap of faith into politics. The relationship between the two was one of mutual respect with times of occasional choppy water. I could sense the respect and fear George Yeo had for the late statesman. One such testing time happened during the design of the Esplanade Theatre, where George Yeo was the key man in charge of the project. He got a “lov

 The Rotunda Library@National Gallery Singapore Market Summary 2-8 Oct 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US mortgage rates hit 23 years high in Sept, average 30-year fixed mortgage contract rate rose by 12 bps to 7.53%  - US payrolls increased by 336,000 in Sept, exceeds expectations, fuels interest rate hike fears  - ADP payrolls rose 89,000 in Sept, down from upwardly revised 180,000 in Aug, below the 160,000 estimate by DJ  - US entire banking industry lost total US$872 bn in a year, about 30% or US$260 bn exited JPMorgan, BofA, Wells Fargo n Citi: S&P - Kevin McCarthy voted out as Speaker of the House  + US automakers’ sales rose 16.3% from Jul through Sept despite high prices and interest rates  + US auto workers hold strike expansion after bringing EV battery plants into union’s national contract  + United Airlines making 2nd largest order new planes less than a year, >100 include 50 Boeing 787-9, 60 Airbus A321neos  - US debt crisis to slow East Asian growth: FT - US >75

I had the pleasure of lunching with a friend at the newly opened COMO Cuisine. The restaurant is housed on the 2nd floor of COMO Orchard, Bideford Road. Readers of my blog know the property was frequently mentioned in my blog due to my ownership of Boustead Singapore share. The property is co-owned by Boustead Projects. Como Cuisine, first outlet, is located at Dempsey. Their Bideford outlet was so new, we were one of the first few diners walking through their door. The interior deco of the restaurant had an industrial and modern feel, giving the patrons a sense of space due its high ceiling and the generous spacing between each table.  (A cafe with an Industrial look)  (The bar looks amazing) First up, an appetiser of Tortilla Chip with Guacamole Dipping Sauce. The essence was in the sauce, which gave a wonderful feedback to the palate with it earthy and slightly sweet natural taste. For the main, I ordered a Grilled Chicken Club Sandwich and a COMO Wagyu Burger was my friend’s choice