Lone Wolf Investor will be taking a 3 weeks break for a holiday. Updating of the blog will be patchy. Have a great December holiday everyone. God Bless. 🙏
The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . I have decided to get sober on Thai Beverage. The stock performance is poor given STI had just broken our all time high and ThaiBev struggling at near 13-year low. The stock is down close to 15% for the year. I am expecting maybe a quarter or two of poor results to continue due to economic woes in Thailand as weak consumption affecting sales. The conclusion of trade deal between US-Vietnam will help ThaiBev given Vietnam is their second largest market after Thailand. Lower input cost will have a positive impact on margins. With the rising positive sentiment in the Singapore market. The revival of a Beerco or Spiritco listing can’t be ruled out. I think the odds are favourable at current level. They own Vinamilk, the biggest dairy company in Vietnam, Sabeco, the largest beer company in Vietnam and Fraser and N...
(Image credit:Thai Beverage) I bought a position in Thai Beverage during my staycation. I had a GTD order filled. Here I am back in Thai Beverage at a lower price than before. A few points on Thailand situation. (Opportunity came knocking when you least expected, on vacation) 1.) Thailand has a new Prime Minister. He promised to call for an election in about 4 months’ time. I hope that will finally bring stability to the country. 2.) In the meantime, he is implementing the half-half policy. Small businesses will benefit from the government policy. The Thai government will co-fund half of consumer spending. 3.) The strengthening of the Thai Baht will have a positive currency translation as results are reported in Thai Baht. There will be a slight bump up in dividends in SGD term. 4.) The increase in F&N stock’s price increases the sotp valuation. 5.) Lower interest is expected from Thai central bank. Thai Bev do have a ton of borrowing. 6.) Lowering of tension at Thai-Ca...
The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . ComfortDelGro revenue went up by 14.4% to $2.427b. Net profit went up 11.2%. Net gearing went up to 16.6%. Did it meet market expectations? Yes. Did it meet my expectations? Nope. Let’s talk about the positive first. 1.) The dividend went up from 3.52c to 3.91c. 2.) There are likely more contracts up for grabs in Europe and Australia as governments try to farm out public transport services to manage cost in providing essential services to the public. The headaches of dealing with transport workers’ unions can be a political risk to any government. For dealing with unions, ComfortDelGro earns a fee for the service. The negatives. 1.) I don’t like the increase in gearing and it is heading towards the low 20% soon. The increase in gearing was due to fleet purchases/renewal in Manchester and London. I...
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