Lone wolf investor

  Extract from month end review I sold my position in SBS Transit not due to fundamental reason. In contrast, SBS transit might report better earning in q1 2024 with 3 months of full fare increases incorporated into their numbers. The company experienced a 1.6% growth in profit for FY23. Lone Wolf Fund walk away with a small gain from the sale. LWF holds no share in the company. The selling was due largely to the dividend differential compare with other dividend paying companies. There are many dividend stocks yielding more than 6% vs SBS low 4%. SBS Transit didn’t include a special dividend in their latest result in conjunction with their golden jubilee celebration in FY2023. It was the best opportunity to reward your shareholders. There was no increase to their dividend payout ratio, to be inline with CDG and their sister company, Vicom 70% payout. SBS Transit continues to have a low payout ratio of 50%. It was disappointing but I have to accept their difficulty in rewarding shar...

  (Source: MAS) Demand for March 2024 issue was poor. Only 14.8% or $117.9m out of 800m found buyers. Next month SSBs average yield will be higher due to rising 10 years SGS bonds yield. 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 verification. Therefo...

 Chalice Mexico 17th century Collection of San Augustine Museum, Manila  Manila Galleon Exhibition@Asian Civilisation Museum  Market Summary 19-25 Feb 2024 *USA*  -Fed bulk of policymakers were concerned abt risks of cutting interest rates too soon in Jan meeting: minutes show + Fed’s Vice Chair Jefferson said will be looking across a broad set of economic indicators to convince him time to cut rates  + US S&P Global Flash Manufacturing PMI rose 51.5 in Feb from 50.7 in Jan, strongest growth in factory sector since sept 2022  -US S&P Global Services PMI eased to 51.3 in Feb from 52.5 in Jan, vs market expectations of 52 -US S&P Global Composite PMI at 51.4 in Feb from 52 in Jan mth -US Conference Board’s Leading Economic Index no longer signals recession for the 1st time since summer of 2022   + US jobless benefits down by 12,000 to 201,000, below market expectations of 218,000, fall to 5-week low  -US private businesses hired 107k wor...

  (Image Credit: Associated Press) Taylor Swift fever will be descending into Singapore. The concert of the decade will be held from the 2nd-9th of March 2024. The event has gotten the Swifties in South East Asia excited. Many fans, young and old from South East Asia will be coming to Singapore for this exclusive event. It is a concert where everyone can be 22 again. A media report cited, Singapore paid an extra USD $2m per show to have an exclusive right to Eras Tour in South East Asia. The deal with AEG, the concert promoter, had the Thai Prime Minister up in arms, staring at Blank Space in Cruel Summer   Thailand. He proclaimed his country would have cough out the extra to have it held in Thailand. He boasted the show in Thailand would attract a bigger crowd than Singapore. It was a smart move by the Singapore government. “Well done Singapore” lamented Mr. Srettha. The swiftness of the Singapore-AEG deal caught him by surprise. At least we put one over Thailand where our ...

  The yield for this month SSBs was higher than last month issue. At 2.88% average yield. It is a decent rate of return for 10 years but it is unlikely to make anyone overly excited. I continue to sit out for this month SSBs. The yield for April SSBs will be slightly higher than March given the rising trend of SGS 10 years bond yield. The close date for this month SSBs fall on 26th Feb. Good luck to those applying. 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 a...

  I sold Valuetronics to lock in my gain. I rolled over some of the sales proceed to Sinopec. It is always nice to start the year of the Dragon with some realised gain for good luck. More detail at the end of month portfolio review. 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 relia...

  (Image credit: Politico.eu) There was an interview done by Tucker Carlson with Vladimir Putin. I find the interview educational and informative. I sat through the two hours interview during the eve of Lunar New Year and never got bored by the program. The interview gave the viewers a glimpse into the thought process of the Russian President. It explains the history that lead up to Russia-Ukraine war. Be objective, is the key to enjoy the interview. I have learnt something from it. Below are my 5 points summary. 1.) To be objective, one needs to study history in its full context. Taking a snapshot of history doesn’t necessarily give one the full picture of the root cause. 2.) The interviewer had skillfully given Vladimir Putin a good platform to speak his mind and also to sell his point of view on the war. One may not agree with the war, but it felt like a public relations coup for Russia and Putin. 3.) There is a sense, at least in my impression that Putin is a person that the We...

  (Free image: Freepik.com) Happy Lunar New Year to all my readers celebrating this occasion. Wishing all a prosperous and healthy year of the Dragon. Lone Wolf Investor will be taking a week break from the usual schedule to enjoy the festivities. Gong Xi Gong Xi. God bless 🙏

  Casket Philippines circa 17th century Manila Galleon Exhibition@Asian Civilisation Museum Market Summary 29 Jan – 4 Feb 2024 *USA*  - Fed leaves interest rates unchanged, indicates it is not ready to start cutting  + US year-ahead inflation expectations complied by Uni of Michigan fell to 2.9% in Jan from 3.1 % previous mth, lowest in 3 yrs  + US factory orders edged up 0.2% MoM in Dec, following 2.5% up in Nov, in line with market forecasts  + US nonfarm payrolls added stunning 353,000 jobs in Jan, jobless rate stayed at 3.7%, average hourly earnings rise 0.6%, up 4.5% YoY  - US private payroll growth slowed to 107,000 workers in Jan, below downwardly revised 158,000 in Dec and forecasts of 145,000  - US firms announced highest level of job cuts in Jan since early 2023 + US consumer sentiment revised higher to 79 in Jan from preliminary of 78.9, highest since Jul 2021  + S&P 500 extended gains to hit fresh record high, strong results from m...

  I bought a small quantity of China Petroleum & Chemical Corp or better known as Sinopec, HKEx 0386. I am hedging my bet with some exposure to oil. I believe oil price is ripe for an increase in the second half of this year due to events which are not limited to the following. Some are company specific merits.  1.) Saudi cutting maximum daily production from 13m to 12m barrels 2.)There was a recent big discovery of gas deposit in Sichuan by Sinopec.  3.) Houthi attacks on vessels traveling through the Red Sea is causing disruption to oil shipments. The general increase in geopolitical tensions in the Middle East. 4.) A rate cut by the Fed in the second half of 2024 will be positive for oil price. 5.) The continue recovery of the Chinese economy in 2024. 6.) Sinopec pays a dividend close to 9.8% gross(foreigners living outside HK will have a 10% withholding tax) More details will be shared in the month end portfolio review. Please consider following us on telegram for...

  (Image Credit Wikipedia : Spanish dollar in the 1500s) World Reserve Currency In world monetary history, very few currencies had the considerable clout to be called the currency of the world. From the Romans’ coins to modern day currency. The strength of the currency co-insight with the military strength of the issuing nations. Spain was the colonial power of the world from the 1500s to the 1800s. The Spanish Silver dollar was the first modern world currency due to the Spanish empire’s extensive reach from the Philippines to the remote corners of South America. From Asia to the Americas, the Spanish silver dollars were widely used. It was the currency of choice for world trade that stretched between Spain and China from the early 1600s to 1800s. The Spanish and the Europeans were in love with Chinese-made porcelain. Fine China was used as a status symbol at dinner tables by rich aristocrats and noblemen to display their wealth. The Chinese in return loved the Spanish silver as ye...