Lone wolf investor

  Thai Beverage PCL had shown an increase of 11.5% in EBIDTA to a tune of 36.6b Baht vs 32.8b Baht previously. It was a valiant performance given the dire covid 19 situation in Thailand and Vietnam. Profit seem to be unaffected by the pandemic. There are strong growth in spirits and beer profitability. With weakness in food segment. Debt to equity had fallen from 1.01 to 0.95x which show the business is generating strong cash flow. Overall it was a commendable 9m given the difficult operating environment. Thai Bev is more of a spirits play than a beer play. Spirits contributed more than 80 percent of profit.  Please refer to my previous blog on Thai Beverage.  Thai Bev 9m business update SGX link https://links.sgx.com/FileOpen/Business_Update_9M21.ashx?App=Announcement&FileID=678945 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 hi...

I have included Comfortdelgro(CDC) into my situational play bowl. There are a few points which I found the current operating environment to be more conducive for CDC.  1.) Our government and the UK government are dead set on reopening the respective economies given the language used by the politicians in both countries. “ You have to live with covid whether you like it or not”. With two countries contributing 75 percent of revenue,CDC is likely to see an uptick in revenue in both countries if the path toward reopening continue. (UK and Singapore are key market for CDC) 2.) 1H 2021 result is encouraging with net profit coming in at 91m which resulted in eps of 4.2c. Interim dividend of 2.1c had resumed since last year. (Latest profit number shown encouraging improvement given lower government subsidy) 3.) Taxi revenue had fallen to less than 13 percent which doesn’t affect profit of CDC as much as previously. Ground chat with drivers indicate better value to drive a taxi than to be ...

I remember Gabriel Yap as a broker from DMG Partner securities. I used to watch quite a lot of business news on tele when I was just starting out as a broker decade ago. He is also a regular stock market pundit on Channel News Asia. He always made a flamboyant appearance on tv with a different pair of fashionable specs. He will end it with his signature goodbye after every show “This is your angel Gabriel Yap signing off”. I find him quite an interesting pundit to watch on tv.   “Making your millions in reits” by Gabriel Yap is a book on reit investment. It is a comprehensive guide on what to look out for when one is considering investing in reits. There are also the questions of why, how and when to invest in reits. There are certain pitfalls to look out for when one is investing in the space of reits.  (Contents) Drawing from my experience. A CEO of a company which happens to be a sponsor of a reit once mention the way to maximise value of a property is to sign a sale a...

Koeh Sia Yong Singaporean 1938 Here they come! circa 1965 Collection of the National Gallery Singapore  Market Summary 2-8 Aug 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US nonfarm payrolls increased 943,000 jobs in July after rising 938,000 in June, jobless rate dropped to 5.4% - US trade deficit hits record in Jun, gap widened by US$4.6bn to US$75.7bn as imports balloon - US household debt at nearly US$15 trillion, up by the most in 14 years   + US weekly jobless claims declined further last week to 385,000, layoffs dropped to lowest level >21 years in July  - US private hiring added 330,000 jobs in July, far below 653,000 estimates  + US Senate clears another key procedural hurdle on US$1 trillion infrastructure deal  - US health authorities issued new moratorium on evictions until Oct 3 amid surge in Covid-19 infections, will keep millions inside their homes   + US extends loan payments for all federal student loans through end of Jan 2022  + US >...

(Haji Lane) The French American Bakery(TFAB) is new to the market. I am probably the first few blogs to mention them through my chanced encounter while cycling along Haji Lane. They are officially opened on 7 August. Located at 49 Haji Lane in the historical district of Kampong Glam. The bakery specialised in French and American inspired pastries and cakes. Croissants, Danishes, Baguettes are the main stay of the bakery. Loafs and Tarts are featured heavily in the shop. Mixed berries and fruit tarts are an eye candy which give the shop the vibrancy and colours. It felt like going into a bakery in Paris when you walk through the door. (Siti, The owner hard at work) The shop is founded by Ms. Siti Aishah and her husband, Mr. Shidiq. Siti had a career with a Michelin star restaurant and was a graduate of the fame Le Cordon Bleu academy. Passion for making pastries run deep in her. I was told some ingredients had to be imported from France to give the pastries the authentic taste. I try ou...

(Queue forming up at around 6.45am) One of the most versatile food you can find in Singapore is the humble fried carrot cake. You can have it for breakfast, lunch or even dinner. You can find them in hawker centre, coffeeshop or foodcourt . For the benefit of non local readers of my blog, carrot “cake” is not a cake. Our version of carrot cake is made with a mix of flour and white radish which has a jello like texture. It is stir fried with preserved sweet turnip, finely diced garlic, eggs, dark sweet soya sauce(optional) or chilli(optional) and garnish with spring onion. (Black carrot cake) (White carrot cake with generous amount of eggs) Geylang Traditional Carrot Cake is located at Upper Boon Keng market since 2011. In my conversation with the owner, I got to know she used to work for a hawker stall previously selling the same food. She decide to strike it out on her own 10 years ago.  The stall is what I consider a purist set up. No fancy neon lights, no extensive menu just car...

The trailing stop for Pico Far East was activated this afternoon. I got stop out due to this afternoon selling. I hold out for the longest possible period for further gain but it was not to be. Any further correction in the share price would have resulted in losses. One of the cardinal rule which I follow closely never turn a profitable trade into losing one. I was stop out at the money. On hindsight I should have farmed it out for good profit previously. Anyway it is what it is. I hope for better outcome next time. 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 advisor and to make independent investigations before acting on information that we publish. ...