Make me an offer I can't refuse!

When we’re talking about investing, what are we actually looking for? The concept is actually very simple. We’re basically looking for a company that fulfills the following:A company that earns the most stable and highest earnings over the longest period of time, selling at a cheap price.(You can replace ‘earnings’ by ‘dividends’ for those who are looking more towards income)While the concept is easy, the execution is certainly not. For example, what is meant by cheap? Am I talking about the cheapness of the price with reference to the past prices,...

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What I learnt from Mafia wars

After playing the facebook application - Mafia Wars - for some period of time, I've come to realise a few truths in life. You can really learn a lot of serious stuff in games, if you played it seriously enough. I'm so serious to even put in a spreadsheet the various yields one will get if one invests in different kinds of property.Here are the truths in life that I realised by playing the game:1. You need friends around you. Having many friends...

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China milk quarterly tabulation

I've some time at hand to crunch some numbers for China milk. I've always wanted to do that but never really got around to doing it. Here's the figures:I didn't read through the whole annual report nor its business in details, so let's do it another time then. Here's a few thoughts:1) Despite the s-share saga, there are some s-shares like China milk whose business are still very sound and the debts are not stacked sky high. A cursory look at the...

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Hongguo FY08 results analysis

Hongguo released their FY08 results quite some time ago, and it’s only now that I’ve the time and resolve to really sit through and pore over it in detail. Overall, it was quite a disappointing 4Q result – not terribly bad nor excellent, just so-so. It didn’t help that Hongguo did not declare dividends for FY08 too, presumably to conserve cash and stay liquid in this hard and trying times. I’ve been waiting a year for their dividends in vain.Here...

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Bulls climb a wall of worry

Have you got this feeling that you've missed out on the stock market? If you've been watching the markets, it seems that no bad news can derail STI from marching upwards these days. Forget about the general economy and the languishing GDP forecast by our government - the stock market has a mind of its own and will move up regardless of the fundamental economic situation.A few signs are worrying:1. I've noticed that the top volume of SGX are occupied...

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Fashion whims in insurance

Did you realise that financial/insurance products suffer from fashion whims too?During the good old bull times, we have products offered by companies touting good returns projected way into the future (I heard from a friend, the returns projected are at 10% or more). It's no surprise then that the returns are much less than projected - it's just not sustainable. So what's fashionable now?If you ever had people cold-calling you regarding their newest...

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STI - self reference

Self reference only.There's still no signals to get into STI. Have to wait for a good point of entry.I see support level at 177X level, sitting right at the ema100d level. After that will be 170X level. I read this website often, it gives a good analysis of the STI weekly movement. Good reference material: http://www.him.com.sg/I want to catch the big movement, not the small little ones, hence like a fisherman, I have to learn to be patient. It...

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