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Wolf Money(book recommendation)

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  “Little Book of Hermes” The Story Of The Iconic Fashion House by Karen Homer is an unofficial and unauthorised book looking into the history of the brand. This particular book had a lot going. One can consider it as an Art book due to the amazing photos(the artistic director of the book did a wonderful job). One can consider it a business and marketing book, the detail of how Hermes builds its business empire and brand around exclusivity is worthy of a case study in any business school. It is also a history and mini coffee table book combined. (The beautiful Audrey Hepburn, a client of Hermes) (Grace Kelly,Princess of Monaco which gave rise to the Kelly bag of desire) (The most expensive Birkin sold for £208,175 in a 2017 Christie Auction in HK) In its founding years, Hermes wasn’t always known for its Kelly and Birkin bags, the epitome of luxury bags. Founded by Thierry Hermes in 1837, the company started out as a humble equestrian supplier with the sole aim of supplying noblemen wi

Wolf Money(8-14 Aug)

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  Vincent Hoisington Singapore 1924-1972 Entrepreneur circa 1969 Gift of Agnes Hoisington  Collection of National Gallery Singapore  Market Summary 8-14 Aug 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US inflation eases slightly in July to an annual rate of 8.5% amid falling oil prices  + US import prices posted first decline in 7 mths, due to strong USD and lower costs for fuel and nonfuel products   + US consumer sentiment up more than expected to 55.1 in Aug from record low 50 in June   - Biden signed into law CHIPS and Science Act aims at crippling China’s semiconductor supply chains  + S&P 500, Nasdaq close higher 4th straight week as signs inflation may have peaked in July  - US Congressional delegation arrives in Taiwan for 2-day visit  + US house approved Biden’s US$430bn on climate change, drug prices  - US big Pharma failed to stop a bill allows govt to negotiate prices on select drugs   + US PPI dropped by 0.5% in July on seasonally adjusted monthly basis  + US wholesale inflation

Wolf Money(Comfortdelgro 1H22 result)

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  Comfortdelgro just released result for 1H22(result announcement came within the day, no late nite announcement for ghost 👻). I didn’t have the time to go through the report in detail. Below were the key points. * Profit came in at 118.7m including a 30.5m gain on uk property disposal. * If you strip out the gain the core earning is around 88m.  * Total 4.26c dividend is declared with 2.85c interim dividend and special dividend of 1.41c. *Company remain net cash at 600m *Taxi segment recovery underway * China continue to be weak but remain profitable.  Sgx announcement  https://links.sgx.com/FileOpen/CDG%20-%20Media%20Release%20-%20Financial%20Results%20for%20Q2FY2022.ashx?App=Announcement&FileID=728278 More commentary during month end portfolio update.  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

Wolf Money(SMG 1H22 result/sold)

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  SMG reported a drop in profit of 13% due to rising cost in recruitment of medical personnel. I had a quick glance of the result. I didn’t have time to do a complete analysis of the company as the result was released very late into the night. Below are the key points. *Profit drop 13 percent due to increase cost of engaging of medical personnel and new opening of clinics. *Revenue got an initial bump up of 8.9% after the border reopened in April to receive medical tourists.  *Record revenue but profit didn’t follow. *Overseas JV are gaining traction with 800k profit in 1H22 which is close to the whole of last year. *Net cash went up to 24.6m(end June) from 22.9m(end Dec) *guidance is for company to continue grow in 2nd half and cost likely to be more persistent too. I have decide to take an insurance by selling the shares and take a slight loss pending improvement in the business. LWF no longer holds shares in SMG. Disappointing result given rival Raffles Medical reported fantastic re

Wolf Money(Sbs Transit/CDG)

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  Comfortdelgro 75% owned SBS Transit reported 50 percent jump in rail ridership year on year for the month of July and 1% increase month on month in rail ridership. The recovery continue to gain traction. CDG will be reporting 1H22 earning coming Friday after market closed. 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. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information i

Wolf Bargain(food galore)

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My very first experience of doing a buffet was in Marina South many years ago, it was part of the thing I do on route to the well established nightspots located along Marina South. It is also what a secondary kid could afford. One could pigged out with a ridiculous amount of food for a Tenner. NS weekend book out day was another occasion for a nice buffet meal. I had substantially dial down my intake over the years. Age had definitely caught up. Today recommendation felt a sense of liberty. For more than 3 years of covid lockdown, my wife and I finally had a chance to do a proper DIY buffet session. I like the liberty of taking what I want. I like buffet not for the quantity of food it offers, I love it due to the variety of choices that come with a good buffet spread.  We are at City Hall, Cafe Mosaic, Carlton Hotel. They are currently offering lunch buffet special at only $38++ per person. It is difficult to find a buffet that is below $40 now due to food inflation  The choices of fo

Wolf Money(world market review 1-7 Aug 2022)

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Nothing is Forever, rethinking sculpture in Singapore Exhibition@National Gallery Singapore 29 July 2022  to 5 Feb 2023   Market Summary 1-7 Aug 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US added 528,000 jobs in July, above expectations in sign of strength for job markets   - US trade deficit narrowed sharply in June as exports surged to record high, down by 6.2% to US$79.6bn  - US Fed faces renew pressure to deliver another 75 basis pts rate hike as fresh data showed unusually large job number  + US companies are reporting mostly upbeat news this earnings season, S&P 500 firms estimated to have increased 8.1% YoY  - Nancy Pelosi arrived in Taiwan; China warned ‘sever impact’ on ties with US  + Biden to sign bill to boost chipmakers, compete with China: White House  + US jobs market grew much faster than expected in July, lifting employment back to pre-covid levels - US jobless claims on the rise near highest since Nov, signalling slowing labour market  + USD rallied across the board after