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Showing posts from March, 2024

Wolf Money(Singapore Savings Bonds for April 2024 result)

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  Not surprisingly the April SSBs saw an uptick in demand from last month due to slightly higher yield. Overall the April issue was under subscribed by 70%. Only 30% of April issue found buyers. If nothing goes out of the norms, May issued SSBs will come with higher 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...

Wolf Money(portfolio update for end March 2024)part 1

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  (Old stamp from the early 60s where we were still a self governing state of the British) National Unity Improvement to national unity is an ongoing process. Singapore has done well over the past 59 years to foster unity among different races and backgrounds. National service continues to be an effective policy as a melting pot for the Singaporean identity. There are a couple more ways we could enhance the social homogeneity and encourage interaction between people of different ethnicities, social economic status and religion. 1.) National Football Team (Image credit: Wikipedia) Have you watched the match between Singapore and China? The crowd was sent into a frenzy when Singapore scored a late equaliser against China. With a bit of help from VAR, we could have won the game. No sports come closer to uniting the whole nation than football. Imagine Singapore going into the World Cup Finals. The whole nation will be celebrating this achievement. It will bring immense pride to the Nat...

Wolf Money(world market review 18-24 March 2024)

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 Unknown Artist@Marina Sq Taylor Swift circa 2024 Market Summary 18-24 Mar 2024 *USA*  + Fed is nearing decision on slowing pace of its balance sheet run-off: Powell   + Fed left interest rates unchanged, says 3 interest rate cuts likely still coming, expect economy to grow 2.1% in 2024  + US stocks closed at record highs this week after Fed maintained current borrowing costs and reaffirmed intention of 3 rate cuts + US S&P Global Composite PMI at 52.2 in Mar vs 52.5 in Feb + US retail sales expected to rise up to 3.5% this year, slower pace than 2023: National Retail Federation  + US private businesses hired 140k workers in Feb, following upwardly revised 111k in Jan  + US existing home sales increased to 1-year high in Feb, home sales jumped 9.5% in Feb to 4.38m units, highest level since Feb 23  + US House of Representatives passed US$1.2 trillion govt funding bill to avoid shutdown  + US companies’ stock purchases via buybacks, M&A to ...

Wolf Money/Bargain(Penang Boleh! 10 things you need to know about the Island of Pearls)

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(Best spot to hide from the rain) I just came back from a 3-day trip to Penang during the week-long school holiday. I realise spending money on holidays is a better use of my currency. Nothing beats a good holiday. Through traveling one can learn about the rich culture and the history of the place. This was my first trip to Penang. I have been to other parts of Malaysia but how Penang slipped off my travel radar for such a long time was puzzling 🤨. Since it was the school holiday, an hour flight to Penang from Singapore wasn’t too taxing on the body. (The endless queue at checkpoint) Upon arrival, we were met with many other holidaymakers queuing up at the customs. If there is any imperfection to our trip, long queues at the customs require patience. The flight took only 1hr from Singapore, but it took us 1.5hrs to finally get through customs. The wait at the custom didn’t dampen our spirit for the holiday, it was an enjoyable one.  Here are my 10 things(plus extra) you need to kn...

Wolf Money(Singapore Savings Bonds April 2024 review)

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This month SSBs yield was higher than last month, moving above the 3% mark to 3.04%. There was renew concern about how fast and how much the US Federal Reserve is going cut interest rate this year. With the rising inflation numbers, it is very hard for the market to expect more than 2-3 cuts this year in my opinion. I am in the camp where 2 tokenism cuts in the second half just to appease the Biden reelection camp. With the rising 10 years UST yield, Singapore 10 years yield has also moved up in tedium. Next month SSBs might come with similar or higher yield. Closing date for this month application ends on the 25th March@9pm. Good luck and 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...

Wolf Money(world market review 11-17 March 2024)

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(George Town, Penang)   Market Summary 11-17 Mar 2024 *USA*  + US retail sales up 0.6% MoM in Feb, following upwardly revised 1.1% fall in Jan, vs market forecasts 0.8%  +  US manufacturing output rose 0.8% MoM in Feb, after a downwardly revised 1.1% fall in Jan  + US Producer Price Index for final demand rose 0.6% MoM in Feb, largest increase in 6 mths, vs market expectations of 0.3% + US core producer prices, exclude food and energy costs rose 0.3% MoM in Feb vs expectations of 0.2% + US industrial production up 0.1% MoM in Feb, following downwardly revised 0.5% fall in Jan  -US consumer sentiment edged down to 76.5 in Mar, lowest in 3 mths + US year-ahead inflation expectations at 3% in Mar: Uni of Michigan consumer survey  + US import prices rose 0.3%, exports prices rose 0.8% MoM in Feb   + US weekly jobless claims fell by 1000 to 209,000 vs market expectations of 218,000  + Intel reportedly secured a license to continue to sell to Huawe...

Wolf Money(Barrick Gold Sold)

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  The stock hits my trail stop. LWF walk away with a small profit from the sale. The hotter than expected inflation number having an impact on gold price this morning. Capital will be redeployed. God bless. 🙏. More detail will be share in month end review. 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 bel...

Wolf Money(Great Eastern Holdings)

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  (Image credit: The Edge Singapore) The name needs no introduction. I bought a position in Great Eastern Holdings in support of shareholders’ activism and also to give my friend, CW moral support for leading the minority to improve shareholders’ value at Great Eastern Holdings through engagement with BOD. I wish him all the best. The undervaluation of Great Eastern Holdings is well publicised. With share price trading at around half of embedded value. Improving shareholders’ value at GE is not against OCBC shareholders’ interest. I urge all parties involved to come to an amicable solution. 🙏More detail in the month end review.  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 involve...

Wolf Money(Sinopec sold)

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  I sold my small position is Sinopec Corp for a some gain after the price hit my trail stop. The capital will be redeployed. Thank you. More detail in the month end review. 🙏 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. Therefore, we can...

Wolf Bargain(Taylor Swift limited edition T-shirt giveaway)Winners

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  Thank you for all the wonderful responses to the giveaway . I have decided to choose two winners instead of one due to the good response. Each winner gets a T shirt each. The winners are 1.) GS Goh 2.) ZY Ang Congratulations to all the winners. I will be contacting the winners via email on the collection detail. Thank you to all the participants in the giveaway. Watch out for more giveaway in the future.  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 informat...

Wolf Money(world market review 4-10 March 2024)

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 Siew Hock Meng Malaysia 1942 Lee Kong Chian circa 2018 Collection of LKC Medical School Market Summary 4-10 Mar 2024 *USA*  + Powell says interest rate cuts won’t start until inflation at its 2% goal, noting move likely occur at some point this year  -Powell said he expects some US banks to fail in coming mths due to struggles in commercial real estate loan portfolios  + US economy added 275k jobs in Feb, beating forecasts of 200k, higher than downwardly revised 229k in Jan  -US average hourly earnings for all employees on private nonfarm payrolls edged up by 0.1% in Feb, slows to 2-year low  -US jobless rate rose by 0.2% pts in Feb at 2-year high of 3.9%, vs expectations of 3.7% + US exports edged up slightly by US$0.3bn MoM to US$257.2bn in Jan, imports up by US$3.6bn MoM to US$324.6bn in Jan at 1-year high -US recorded US$67.4bn trade gap in Jan vs upwardly revised US$63.5bn gap in Dec, highest in 9-mth + Biden proposes a tax raise on billionaires, corp...