Lone wolf investor

  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 taken a small position in Boustead Singapore. Base on news report, they are looking to divest their Como Orchard at $680m asking price. I am taking a situational position base on assumption the sale did go through at their asking price. (Source: Business Times) 1.) The asking price of $680m for Como Orchard is $165m higher than their purchased price of $515m just 3 years ago. I estimate a gain of 17c-20c per Boustead share if the sale do go through. 2.) Base on my assumption of a 40% equity and 60% debt funded for the purchase of the building. The cash amount coming back to JV after debt retirement at JV level to be around 272m or 136m owning to Boustead which has a 50% stake in the JV. 3.) There are currently 56m of borrowings sitting on Boustead’s book. If they extinguished the debt from the sales proceeds...

  Market Summary 25 Nov-01 Dec 2024 *USA* + US PCE prices rose by 2.3% YoY in Oct, up from a 3-year low of 2.1% in Sept + US consumer spending up 0.4% in Oct, core PCE rises 0.3%, up 2.8% on YoY basis, weekly jobless claims fall 2000 to 213,000 -US new orders for key-manufactured capital goods fell 0.2% in Oct  + US corporate profits unchanged MoM at US$3.141 trillion in Q3, after 3.5% rise in Q2  + US personal income rose by 0.6% MoM to US$24.96 trillion in Oct, biggest rise in 7th mths  + Black Friday data shows US shoppers spent US$10.8bn online, up 10% YoY: Adobe Analytics  + US most brokerages retain expectations of 25-bps rate cut from US Fed in Dec  + S&P 500 hovers at records following over 25% year -to-date gain, P/E ratio at over 3-year highs  + US 10-year Treasury note dropped to 4.2%, extending decline for 2nd consecutive week  -Trump’s proposed tariff hikes would boost inflation by nearly 1%: Goldman  -Trump’s tariffs could c...

(Lisa’s choice for toothpaste) (Festival celebrations at Central World) (Turning up for work late, tell your boss than you know) I have just returned from an incident-prone holiday from Bangkok. It started with the delay of our flight. We were told to come half an hour early from the original time by the “Yellow Airplane Co”. In the end, the flight was delayed by 1 hr from the original timing, 1.5 hrs from the communicated timing.  (The faulty train) We took the airport rail from Suvarnabhumi airport. Usually it will take no more than half an hour to reach Central Bangkok. Unfortunately, the train broke down just before it reached Makkasan station. The driver tried his best to fix the train but to no avail. We were thrown into total darkness as the train lost power. It felt like we were on a train in the movie “Train to Busan”.  We were held up in the train for 35 mins with sealed windows. Initially, I wanted to break the train window for much needed air. As I was contemplatin...