Lone wolf investor

  A crash in SSBs bond yield to 2.81% also ushered in a big drop in demand. Only $175.2m of the $900m issued found buyers this month. Yield will be slightly better for March SSBs. Thank you. God Bless. Contribution by Derek@valueinvestments chat group. Thank you. 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 by companies or submitted to governmental agencies on which we believe are

Unknown artist Philippines  Relief of Last Super circa 19th century  Collection of Asian Civilisations Museum  Market Summary 22-28 Jan 2024 *USA*  + US GDP grew at 3.3% annualised rate in Q4, economy for all of 2023 accelerated at 2.5%  + US personal spending grew 0.7% MoM in Dec 23, US$133.9bn up in current-dollar PCE + US core PCE exclude food n energy rose 0.2%, personal income up 0.3% MoM in Dec, following 0.4% advance in Nov  + US new single-family houses up 8% MoM to seasonally adjusted annualised rate of 664,000 in Dec 23  + US pending home sales soared 8.3% MoM in Dec 23 vs forecasts of 1.5% increase + US core personal consumption expenditure price index up 2% from previous period in final qtr  - Yellen says not yet clear where interest rates will settle after volatility of pandemic and post-Covid recovery  + US expected to award billions of dollars in subsidies to top semiconductor firms including Intel, TSMC: WSJ   + US chipmakers among 15 American firms expressed interest i

  (Credit: MAS) The prediction of an unattractive Feb 2024 SSBs issue came true. The yield dropped from year high of 3.4% to a 12 months low of 2.81% in a space of two months was a big move. This month SSBs is paying a yield of 2.81%. The 60 points swing in 2 months is nothing I have seen before. This month SSBs mimic the substantial drop in yield on the 10 years SGS yield. I suspect the current issue will be poorly received by yield hungry investors. The yield for March issue will be higher than Feb issue. I probably skip this month SSBs. The closing date for this month issue is on 26th Jan 2024. 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 r

Semsar Siahaan Indonesia 1952-2005 Homage to Christo’s Mother circa 1996 Collection of the Singapore Art Museum  Market Summary 15-21 Jan 2024 *USA*  + US year-ahead inflation expectations complied by University of Michigan fell to 2.9% in Jan vs 3.1% previous mth, lowest in 3 yrs   - Fed need more inflation data in hand before any rate cut: Chicago Fed President   + US retail sales rose 0.6% MoM in Dec, topping expectations for holiday shopping  + US consumer sentiment soared to 78.8 in Jan, highest since July 2021: University of Michigan + US unemployment benefits fell by 16,000 to 187,000 to 16-mth low  + US manufacturing output edged up 0.1% in Dec  - US business inventories fell for 2nd straight mth in Nov amid declines in retail and wholesale stocks  + US congress approved short-term funding bill to avoid govt shutdown + US average rate on 30-year fixed mortgage fell to 8-mth low - US existing-home sales dropped by 1% MoM to seasonally adjusted annualised rate of 3.78m units in D

  Ping An Insurance(HKEx: 2318) The current valuation of Chinese companies under a normal economic cycle is low. Is this a normal economic cycle? The low price had perk the interest of Lone Wolf. I had put in a token sum into HKEx listed Ping An Insurance. I have no idea whether the price I got in was a good price. It does look cheap on paper like many other Chinese stocks. The financial matrix looks ok to me. The stock is trading at 0.55x p/b about 5x p/e with a high historical dividend of 9% and ROE. A corrective stock market is negative for them, given insurer within their normal course of business is expose to the volatility of the stock market. I am expecting a very difficult year for the company given the slump in the stock market. The small purchase adds another sector to my portfolio. A small nibble to get a feel of what is going on in the Chinese equity market, no serious money is involved. More commentary in the month end portfolio review. Please consider following us on tele

(BYD Atto 3 sells for less than $150,000) BYD has become the largest producer of EV in the world, overtaking Tesla recently. Today’s bargain has nothing to do with their EV, although, admittedly, their EVs are selling at very attractive prices. One could get a BYD EV for less than $150,000 including COE. Will anyone go for a meal in a showroom? I will.  (The most affordable 4-course meal, the bright yellow sign is hard to miss) (Cafe is modern and spacious) BYD launched their showroom in Suntec City only a few months back. The showroom cum café is a new concept in the car trade. Beside showcasing their latest EV offerings, it has a full-service café. I was there to try out their food, in particular the wallet-friendly lunch set. The 4-course lunch set is only $14 per person excluding taxes. It must be the lowest priced 4-course set meal I ever came across anywhere. Patrons get an appetizer, a main, a dessert and a drink. The lunch offering is decent. Other than the small salad portion,

 Juan Luna Philippines 1857-1899  Woman in Manton circa 1880s Collection of Ayala Museum, Manila Gift of Mercedes Zobel McMicking  Market Summary 8-14 Jan 2024 *USA*  - US annual inflation rate went up to 3.4% in Dec from 5 mths low of 3.1% in Nov, vs forecast of 3.2%, core CPI at 3.9% YoY   - US federal budget deficit reached half a trillion dollars in first 3 mths of new fiscal year started Oct 1 2023, up by 21%  + US core PPI, exclude food and energy costs, remained unchanged for 3rd mth in Dec, up 1.8% on yearly basis in Dec  - US producer prices declined 0.1% MoM in Dec, goods cost down 0.4%, 3rd consecutive decline, mainly due to 12.4% fall in diesel + US applications for jobless benefits fell to lowest level in 12 weeks  - FAA is launching an investigation into Boeing’s quality control - Trump’s potential election as US president is “clearly a threat” to Europe: ECB Christine Lagarde  - JPMorgan CEO: Cryptocurrencies facilitate illegal activities such as money laundering, insist