Lone wolf investor

  Thomas Yeo Singapore 1936 Deserted Island circa 1968 Gift of the Mandarin Art Galleries Pte Ltd Collection of National Gallery Singapore  Market Summary 6-12 Feb 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US posted US$460bn deficit in first 4-mth of fiscal year 2023, 9% increase from YoY, adding US$29bn in Jan  - Powell: jobs report was stronger than expected but show why this will be a long process  + US consumer sentiment climbed to 13-mth high of 66.4 in early Feb   - Biden plans to bar some US investments in some Chinese technology companies and increase scrutiny: sources  - Texas, Florida, Arkansas and several other states considering a ban on Chinese citizens buying property  - US exports US$1.7bn and imports US$14.46bn from Russia in 2022 vs US$6.4bn and US$29.6bn in 2021   - US to slap steep tariff on Russia aluminium, would effectively ban US purchases of metal from Russia - Yellen steps up pressure for World Bank overhaul as it lags on climate finance  - FAA 5G retrofitting plan could

  This book took me a while to finish due to time constraint and the small wordings made it a slightly harder read for me(got to admit, I am getting old too). “Richer, Wiser and Happier” by William Green, a veteran financial journalist, is an account of some of greatest investors he had interviewed during his decades long career as a journalist. He had the privilege of meeting some of the biggest names in the investment world. (Contents) The book discussed the lifestyle and investment philosophy of some of the greatest investors in our generation. Warren Buffett, Charlie Munger, Howard Marks and John Templeton. The book is not purely into discussing their winning trades, it mostly centred around their lifestyle and what they do to get to where they are. I can summarised the book in just three words “keep it simple” but there is more than just keeping it simple. Some of the great investors believe keeping it simple and doing less is a key strategy of doing well in investment. Average ho

  Lendlease Reit announced a 2.1% increase in distribution income to 2.45c per unit. Occupancy rate is at 99.5% which is almost close to full capacity. Gearing fall from 39.4% to 39.2%. 61% of their borrow is hedged at fixed rate. Overall it was a reasonable performance given their borrowing rate went up due to rising interest rate. XD date is on the 14 February. Management sound a word of optimism. Estimated yield at current share price stands at just under 6.8% If a mirror image of the dpu payout is to be expected for full year. Mr Kelvin Chow, Chief Executive Officer of the Manager, said, “We are delighted that LREIT has delivered another half-year of good performance. We have delivered consistent DPU growth since the listing of LREIT in 2019 and prospects for our properties remain healthy. We are optimistic that LREIT’s retail assets will benefit from China’s reopening to generate higher footfall and tenants’ sales for our retail properties. LREIT’s fully leased office assets will

  OFFER Boustead Singapore makes 90 cent per share privatisation offer for Boustead Projects Boustead Singapore came out with an unconditional offer to acquire shares it doesn’t own in Boustead Projects with a cash offer of 90c.  On first look, it came across to me as an opportunistic offer that doesn’t take into account the substantial 30% discount to Nav of $1.265 and my back of envelope value of at least 50% discount to Rnav Boustead Singapore cited the poor E&C business as the main reason for the offer. In my observation, E&C business is on a recovery as the recent contract win of 300m from a Fortune 500 company to build an industrial complex had put the E&C business on more firmer footing. Order book had reached pre covid high of 450m. Further more Property fund management and Vietnam business had exhibit strong growth to offset any weakness in the E&C The offer also failed to address the deep undervalue of its property assets owned and under JV which are ripe for

  Pacita Abad Philippine1946-2004 Fight for freedom circa 1980 Gift of Pacita Abad Art Estate Collection of National Gallery Singapore  Market Summary 30 Jan – 5 Feb 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - Fed raises key interest rate by 25 bps to between 4.5% and 4.75%  + US added 517,000 jobs in Jan, unemployment rate fell to 3.4%, lowest since 1969 + US job openings increased 572,000 to 5-mth high of 11m on last day of Dec  - US layoffs hit 2-year high in Jan after tech firms cut jobs at 2nd-highest pace on record  + US factory orders in Dec rose 1.8% or US$10bn to US$552.5bn vs previous mth  - US Manufacturing PMI stood at 46.9 in Jan, up by 0.7 pts vs previous mth: S&P Global   + Biden likely to propose budget plan on 9 Mar: ABC News - Powell does not see central bank cutting key interest rates this year, discussing about a couple more rate hikes  - US consumer confidence index at 107.1 pts vs 109 pts in Dec: Conference Board  + US jobless claims down 3000 to 183,000, lowest level sin

  Continuing from Part 1..... (Jem, The biggest mall in Jurong East) Lendlease Global Reit   I added new positions in the current month and the end of last. I envisage the opportunities in the reit space. True to my promise, I have added Starhill Global Reit and Lendlease Global Commercial Reit to Lone Wolf Fund. Both reits are my first two purchases of any Reit after a 10 years break. If my memory doesn’t fail, the last reit I bought was Sph Reit or the renamed Paragon Reit. The China reopening is a big theme for this year. The Chinese tourist spend close to 54% of their travel budget on shopping. It will be a major boost to the struggling retail sector thus improving the bargaining power of retail landlords. The Chinese tourists are definitely in town. There are plenty of human traffic at Bugis BHG departmental store over the weekend. The yield on the 10 years Singapore bond is on a downtrend which may signal smart money moving towards risk free instrument in preparation of a recessi

(Johnny English starred Rowan Atkinson focusing on learning that most important Kung Fu kick to beat the bad guy in the movie, Johnny English Reborn) Lone Wolf Fund(LWF) Portfolio as at end of Jan 1.) Cash 2.) Bank of China(3988.HKG) 3.)  Boustead Projects(BP) 4.) Sarine Technology  5.) Lendlease Global Commercial Trust   *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary   Finding your niche I realised very early during my schooling years, I am not cut out to be an academically successful individual. Hours of hardwork and countless burning of midnight oil only resulted in score of C and D. One was put into greater misery when your classmate who proudly proclaimed he didn’t study, lamenting his own downfall, came in with straight As(silence muggers). You know who you are! 😬 I am sure everyone will have an image that person in your schooling years. In Singapore, to be fair to the book smart the ability to study and