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Wolf Money(Singapore Medical Group)

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  About   Singapore Medical Group(SMG) own a chain of multi disciplines clinics. They run clinics from oncology, lasik, cancer centre to paediatric. They are also providing diagnostic services like MRI and CT scan through their subsidiary lifescan. They manage close to 40 clinics currently. I have been looking for a healthcare play in my portfolio for many years. Non of them pass my valuation test. Singapore Medical Group is among the lowest valuation medical stock listed on SGX. I welcome SMG into my portfolio. Below are the 10 things you need to know about SMG. Summary 1.) Lead by ex parkway MD Tony Tan which have a good track record of running parkway and turning them into a giant of the healthcare industry. 2.) Recent q1 result shown 22% rise in profit to 3.8m. Likely recovery from covid disruption compare to FY 2020. FY21 earning likely to come in around 12-13m. About 11-12x forward p/e. 3.) Big picture of Singaporean spending more on healthcare due to ageing society. 4.)...

Wolf Money(Nam Lee Pressed Metal HY 2021 result)

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Nam Lee Pressed Metal  half year 2021 result show over 6000% increase in profit thank to ramp up production of refrigeration container frames. Net profit came in at close to 8m with eps of 3.29c.Profit is aided by gain in derivatives contract of 2.2m . Nav increase to 62c. Outlook for the Group business in the next 12 months is envisaged to be positive  in words of management. For full result please click below Nam Lee Pressed Metal half year 2021 result https://links.sgx.com/FileOpen/NLPMIL%20-%20Half%20Yearly%20Results%20Announcement%20ended%2031.03.2021.ashx?App=Announcement&FileID=665792 Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below  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 ad...

Wolf Money(world market review 3-9 May 2021)

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  U Ngwe Gaing Myanmar 1901-1967 Portrait of General Aung San circa 1950-67 National Gallery Singapore  Market Summary 03-09 May 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + Biden said corporate tax rate between 25% and 28% could help pay for badly needed infrastructure  - US payrolls increased 266,000 in April after downwardly revised 770,000 March increase, jobless rate edged up to 6.1% - US employers hired far fewer workers than expected in April amid labour shortages  + US reported robust growth in business activity in April  - Yellen said the nation could exhaust its ability to borrow this summer even if Treasury takes extraordinary actions   + Yellen said not forecasting interest rate increases to rein in any inflation, sees no inflation problem    - Treasury sell off in Feb highlights ongoing liquidity risk: Fed  + Digital Dollar Project announced to launch 5 pilot programmes to test potential uses of US central bank digital currency  + ...

Wolf Bargain(healthy salad without the unhealthy price)

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About Chopped is a salad shop that operates out of The South Beach development near Beach Road. I have been visiting this salad shop which happen to be a stone throw away from where I live since its opening a couple years ago. I was new to the world of healthy eating then. They are the only salad shop that I go to now. (Salad with Teriyaki Chicken and honey mustard dressing) Taste Recently I was out doing some errands and I was craving for a salad since I am no where near my go to salad shop, I just ordered a salad from a well known salad shop that operate out of a shopping mall. I ordered a salad with chicken as my protein. The price came in at roughly $12-13. I was limited to 4 choices of topping and a base. The price is substantially higher than the usual $9.80 I paid for Chopped Salad. The bowl is only half of what I am getting from Chopped and the taste is forgettable. I decide to go on a salad survey. I found out most comparable salad bowl with a choice of protein will set you ba...

Wolf Money(high interest saving account)

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  The Vivid saving account offer by Singapura Finance has the highest interest offer to any saving account for amount below 20k in Singapore currently. On average the interest is slightly below 1.175% for $19999 and below but there are a few t&c. You wil be given a prepaid MasterCard with every account opening. The saving account come with e wallet(MasterCard). Before you spend, one need to transfer from vivid saving account to e wallet. All application has to be done online.  There are other things to look out. 1.) Withdrawal has to be done at 1 of the 7 Singapura Finance branches. There will be a fee of $3 per withdrawal or deposit at branch. They are currently waving off the 3 dollars fees till end of Dec 2021. 2.) Keep the amount below 19.9k or else all interest earned for full amount in account will be reduced to 0.25%. To keep it within limit, put in a lower amount if you don’t wish to spend using the vivid MasterCard. 3.) Saving account is sdic protected up to 75k b...

Wolf Money(world market review 26 April-5 May)

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Chua Mia Tee Singaporean 1931- National Language Class Circa 1959 National Gallery Singapore  Market Summary 26 April – 02 May 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US GDP grew at 6.4% seasonally adjusted annual rate in Q1 + US unemployment claims drop by 13,500 to 533,000 in latest week, lowest since pandemic hit last March  + Biden pledges tax hike for rich, unveils US$1.8 trillion family aid  + Fed held key interest rate near zero, bond purchases  + US Senate overwhelmingly passes US$35bn water infrastructure bill  + US FCC will launch temporary US$3.2bn broadband subsidy for lower-income citizens - US said China has fallen short on its commitments to protect US IP in Phase 1 trade deal  + US embassy in China to resume student visa processing May 4 + US to ease Covid-19 restrictions rules for foreign students  - Boeing reported loss US$537m, defense business profitable + Boeing asking Biden administration to establish good trade relations with China...

Wolf Money(portfolio update end april 2021)

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Portfolio as at end of April 2021. 1.)  Nam Lee Pressed Metal 2.)  Pico Far East (hk.0752) 3.) Cash *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell. Commentary Good day everyone. I hope everyone is well. After a month of food and book recommendations. It is time to get back to the core agenda of this blog. The investment side of thing.  In the month of April I had reduced my portfolio by slightly over 50 percent. The two main reasons for the right sizing. First I am queasy with the elevated stock price around the world. The US market hasn’t experience a 10 percent correction since last year. The second reason is more personal I had been pouring more money into the stock market over the past 6-12 months than I had been for the past 6 years. It is a deliberate intention of mine to take a more defensive stance to reduce market exposure by reverting back to the mean. I had decide to take some profit off the ta...