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Wolf Money(book recommendation)

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The book by Nirgunan Tiruchelvam “Investing in the covid era” is a summary of all his written articles published in The Edge magazine, a weekly publication. Some of the information maybe dated but the concept still applied in today complex world of investing. Mr. Tiruchelvam is able to use simple language to explain complex investment theme. He gives very relevant macro and micro view on the economy to the fundamental of the companies. He also shares a few tips on how you can invest well in this covid disruption era. I enjoy his broad base views on a range of topics. The book goes onto Lone Wolf Investor recommendation list. Happy reading! Please follow us on telegram for the latest update 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 investmen

Wolf Money(world market review 19-25 April 2021)

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  Raden Saleh Indonesian 1811-1880 Boschbrand(forest fire) circa1849 National Gallery Singapore Market Summary 19-25 April 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - Biden to propose tax plan nearly doubling capital gains tax to 39.6% for income >US$1m  + US 85.5% firms have beaten analysts’ estimates for EPS with results in from 110 of S&P companies  + US jobless claims hit 13mth low last week, reopening gathers pace  - US may have highest tax on capital gains in the world if Biden’s tax hike comes true  + US companies’ borrowings for capital investment rose 4% in March YoY  - US state dept warned against travel to 80% of the world  + US new home sales rebound more than expected in March + US existing homes sales drop to 7-mth low in March as prices jumped to record high amid shortage of houses  + US economy will grow at its fastest pace in decades and outperform most major peers: Reuters Poll - Republican proposed US$568bn over 5 years infrastructure package to counter Biden’s US$2.4 tr

Wolf Bargain(Legendary BKT)

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Story For people who are not staying in Singapore, what the hack is BKT? Be Kind Today? Bangkok Time? Black Rock income trust? By the way BKT happens to be the ticker symbol for the trust. BKT It is an acronym for a Chinese pork ribs soup which we call Bak Kut Teh. We usually had it with a bowl of rice. The soup has a fair amount of heat due to the white peppercorn. Diners can have Chinese Tea with it. Chinese Tea is for watering down the taste buds after the meal. Some people who are alien to our food culture might mistook it as pork ribs cooked in tea if one did a direct translation from Chinese language “pork ribs tea”. The tea in this case is complimentary to the soup.  Legendary BKT is a family run business. They have two outlets in Singapore. One in Rangoon Road, the other at South Bridge Road. I was at their South Bridge outlet when I did my food CSI. Not to be confuse with the touristy BKT brand which shared a similar sounding name. This is de genuine place for authentic BKT. 

Wolf Money(world market review 12-18 April)

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Market Summary 12-18 April 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US retail sales rose 9.8% in March, largest increase since May 2020 + US initial jobless claims drop to fresh pandemic-era low of 576,000 vs 769, 000 prior wk  - US govt budget deficit surged to all-time high of US$1.7 trillion for first 6 mths of budget year, near double previous record   - US officials calling for hard look at China’s plans for digital yuan, see it as potential threat - US house committee approved blueprint accusing Big Tech companies of buying or crushing smaller firms  + Biden called for US$50bn investment in semiconductors amid global shortage  - US oil industry faces new oil price war if shale production rebounds next year by rising 1m bpd: shale executive  - US sever cold spell in mid-Feb knocked out 1/3 of US oil refining capacity: data complied  + US homebuilding surged to nearly 15-year high in March - US imposed new sanctions on Russia over cyber-attacks; include barring financial institutions from

Econ Healthcare Asia Ltd balloting result (IPO)

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The public tranche of the IPO is 87x over subscribed.  This has to be one of the highest over subscribed public tranche in recent history. I will take the number with a pinch of salt. Given there are only 1.8m available to the public for subscription. Overall the IPO is a bit more modest 4.1x over subscribed if one included placement shares to directors and institutional investors. With such high application number in public tranche, successful applicants will get only 1k-4.5k shares depending on number of shares applied. Hopefully those who got it can make back their broker’s commission. Good luck! 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 ma

Wolf Money(book recommendation)

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I have established a reading habit due to time on my hand during weekdays. One book which I had just finished title ‘The future of real estate’ by Ku Swee Yong. He talk about the current and future property market in Singapore post covid.  The author, Ku Swee Yong is not afraid of speaking the hard truth given the fact he has a lot skin in the game due to his close association with the property industry in Singapore. The book is worthy of a read due to the fact our stock market is skew toward companies involved in hard asset investment. Listed property developers, real estate investment trust and construction related companies are likely to be affected by the changing dynamics of the real estate market in Singapore. He also addressed the decaying lease of HDB and offers some solutions to the problem. This book goes onto the recommendation list of Lone Wolf Investor. Happy reading. Please follow us on telegram for the latest update by clicking on the link below  https://t.me/joinchat/oC

Wolf Bargain($12 meal with main + drink + gst at a restaurant in Orchard possible?)

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The answer is YES. I was introduced to the express lunch at Marche Movenpick@Somerset 313 by my friend, Dalip from Value investments group chat which happens to be my lunch kaki for the day. The express lunch menu came out during the height of covid 19 pandemic where many restaurants were left struggling with few customers after the circuit breaker. They had continue to keep the price low.  The restaurant offers express lunch on weekday 11am to 3pm daily. I had pan fried sea bass fillet with a glass of Lemonade. The taste is superb. The fillet is served with greens and mash potato. Sea bass is top off with lemon sauce. The lemon sauce goes very well with the fillet without overpowering the fish. Fillet is crisp on the skin and soft inside. The portion is generous too. My friend had an oxtail stew with garlic bread. Oxtail stew at $10.90+ is comparable to price of having a meal with drink at a food court in Orchard Road. We had a dessert set at $6.90+ each that come with a choice of cof