Lone wolf investor

  I took a position in Wilmar International. All the bad news seem to be pouring at the company. From allegation of corruption in China which the company has denied to industrial actions at Wilmar Sugar Australia. There is no shortage of bad news at Wilmar.   Two quick points. I am buying Wilmar due to the appointment of George Yeo as their independent director. The appointment gives Wilmar great geopolitical insight in the countries they operate. George Yeo, our ex-foreign minister has bought shares in the company at an average price of $3.105 as disclosed on the 7th June announcement. Although he is yet to be proven as a great stock pundit but I believe he will add value to Wilmar’s board greatly.  (The SGD 25b stake in Yihai Kerry is more than the market cap of Wilmar International) The second point, Wilmar has extensive reach to two most important markets of the 21st century. India via listed Adani Wilmar and China via listed Yihai Kerry Arawana Food Group(YKA). YKA has a market c

  (Fuji Broadcasting Center@Odaiba, Minato City, Japan) Market Summary 3-9 Jun 2024 *USA*  + US nonfarm payrolls added 272k jobs in May, the most in 5 mths vs forecasts of 185k  + US unemployment rate ticked up to 4% from 3.9% in Apr + US private payrolls up by 152k in May: ADP -US trade deficit widens to US$74.6bn in Apr, largest in 18 mths  -US total consumer credit up by US$6.4bn in Apr, following US$6.27bn rise in Mar  -US job openings fell in Apr to lowest level since 2021 to 8.1m vs revised 8.4m in Mar -US initial jobless claims up by 8000 to 229,000 in week ending Jun 1  + US average hourly earnings for all employees on private nonfarm payrolls up by 0.4% to US$34.91 in May   + US household wealth rose to record >US$160 trillion in Q1, due to stock market’s record run and gains in real estate: Fed  -US used car prices extended decline by 0.6% MoM in May for 4th consecutive mth, after 2.3 fall in Apr  -US and its allies could give Ukraine a loan based on profits from blocked f

  (Toyko Tower@Minato City,Japan) Market Summary 27 May-2 Jun 2024 *USA*  + US PCE index up 0.3% MoM in Apr, same as previous 2 mths, core index, excludes food n energy set to rise 0.3% + US consumer confidence index increased to 102 in May from upwardly revised 97.5 in Apr, after down for 3 straight mths  -US economic growth revised lower for Q1 to 1.3% annualised rate, down from advanced estimate of 1.6%  -US pending home sales suffer largest drop in 3 yrs in Apr, lowest since onset of Covid-19: NAR  + US banking sector profits surged 79.5% to US$64.2bn in Q1, as large firms shake off failed bank costs  + Goldman Sachs Asset Management’s alternative investments platform raised >US$2bn for senior direct lending + BoA CEO expects 10%-15% jump in investment banking fees in Q2  -US slows AI chip exports to Middle East over concern on China access  + Biden administration proposed expanding tax credits beyond wind, including nuclear fission and fusion  -US roughly 1 in 6 households coul

(Great slogan must match an equally great privatisation offer)   Lone Wolf Fund(LWF) Portfolio as at end of May 2024 1.) Cash 2.) Great Eastern Holdings(GEH) *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary   Konnichiwa! Hello from Japan. I pre-wrote this month’s portfolio update before I got on my flight to Japan. LWF had a good month due to Great Eastern Holdings privatisation offer. My gain for the month was 23.5%, bringing the ytd gain to a 5-years high of 30.5% (excluded dividend and cash yield). I did a sale in Boustead Singapore this month, much of my attention was on the takeover offer for GEH.  The US market continues to perform well, but Singapore market continues to be lacklustre. There are more articles in the media encouraging our SWF to step up their local market participation, to bring much needed liquidity and vibrancy to our stock market. I wish all parties involved a roaring success. All possibi

  I have made a decision to sell off my long term holdings in Boustead Singapore. Lone Wolf Fund currently holds no share in the company after the sale. My holdings achieved a return of more than 30% with dividends included for a duration of 1.5 years since the days of Boustead Projects era. More details at end of month portfolio update. 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 informati

  Result for June issued Singapore Savings Bonds. The issue received a good amount of interest due to the attractive yield. There were $1.6b applications for $1b of SSBs on offer. Each applicant applying less than $24k got full allocation with more than 50% got an extra $500 for application above $24.5k. Congratulations 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 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 b

  https://links.sgx.com/FileOpen/Boustead%20Media%20Release-FY2024%20Financial%20Results%20Announcement-27.05.2024.ashx?App=Announcement&FileID=804720 Boustead Singapore gave a creditable performance in FY 24. Earning per share came in at 13.44c. 2H dividend got a big bump up from 2.5c to 4c, bring the total dividend to 5.5c for FY 2024 vs 4c for FY 2023. More detail at the end of the month portfolio up. 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 publis