Showing posts from September, 2015

TTJ Holding Ltd - Fairly Valued?

Now I shall write about another of my stock holding in the portfolio - another value gem found - TTJ Holding Ltd. Profile in Short TTJ Holdings Ltd is a company that deals with steel structure works and works on various government projects. It also operates one dormitory under the name of Terusan Lodge 1 in Singapore (but it will end in 2017 ~ A Cash Cow Gone!). However I am not worried after looking at the presentation slides below: Order Book For 2016 and 2017 Industry Outlook Potential Projects In addition, anyone who is interested in this stock should take a look at this forum thread (more good stuff)! The Value Stock Scorecard Price: $0.385 (as at 28 Sep 2015) Net Current Asset Per Share: $0.299 (-28.55%) % Cash of Price: 62.51% % Cash of Current Asset: 65.91% Cash/Debt: 506.687 times Discounted Net Asset Value: $0.316 (-21.69%) Price to Sales: 1.429 Earning Yield: 11.59% Dividend Yield: 20.78% (FY2015 Dividend has increased till 8 cents b

The Value Scorecard - Amendments

Hi Guys, I have been reading more and more lately and felt value investing should be about Balance Sheet than Income Statement, or Book Value rather than Earnings or PB ratio (Price to Book) rather than PE ratio (Price to Earnings). As the previous Value Scorecard has given more weightage towards PE, I have adjusted the scoring for PE factor. I have also adjusted the factor for: 1. Cash Per Share as a % of Price from 70% to 68%. 2. NAV and Share Price difference from 50% to 30%. Do note that depsite the amendments, there is no change that Chuan Hup Holding Ltd is a Value Stock . I also intend to share this Value Scorecard. If you are interested in trying out this Value Scorecard, please like my Facebook Page  and comment that you are interested on the Facebook post or on this post. Thank you. The Value Scorecard

Eastern Holding Ltd: A miss opportunity

Eastern Holding Ltd is an investing holding firm that engages in publishing and property development activities. It caught my eye over the last few months because of a huge stock price decrease due to a huge one time dividend that was given. Do note that the company did not give out any dividend other than this 1 time dividend. If I remember correctly - the stock has low debt and the net current asset value was close to the stock price. Nevertheless, even after the numerous analysis on the stock, I decided against buying the stock – Mainly due to the fact that I am unable to predict if the company will continue to give out dividend. Anyway Christmas came early for shareholders of Eastern Holding Ltd as its majority shareholders have decide to delist the company at 42.5 cents (18% above the current price). Sadly this is definitely a missed opportunity for me. But as an investor all these years, I have encountered too many missed opportunities in the market (like

Views on Invest Idol Winner - Nicholas Lim

As some of you had known (stated in my previous post ), I had participated in the invest idol, went on to the preliminary round and then lost. Strait Times has announced the winner for Invest Idol this morning. For those who had missed it, here is the  report . It has revealed that the winner only had 2 stocks in his portfolio - Lum Chang and Falcon Energy Group. One of my friend, who practiced value-investing, was quite frustrated with the result - especially when one of the judge is Lynn Gasper, who sits on SGX as head of retail. It seems to be reflecting wrongly on the views that investors/trades should take more risks. Then in my view, I explained my pointers rationally: 1. I felt that Nicholas's portfolio in the invest idol competition should not be reflective of his personal portfolio. This portfolio is made for the competition. He played the game differently and impressed the judges. Thus, he stood out and won. Imagine you as the judge and had to hear countless con

The Value Portfolio - Recent Actions and Views - Post 2

Just a Short Update on My Portfolio: 1) ISDN Holding Limited 2) Sin Ghee Huat Corporation Limited 3) PNE Industries Limited 4) Chuan Hup Holding Limited 5) LHT Holdings Limited 6) TTJ Holdings Limited 7) Accordia Golf Trust 8) Singapore Telecommunications Limited 9) Sapphire Corporation Limited 10) SEMBCorp Industries Ltd 11) Macquarie International Infrastructure Fund 12) Suntec Real Estate Inv Trust 13) Oversea-Chinese Banking Corporation 14) CH Offshore Ltd 15) Maxi-Cash Financial Services Corp Ltd 16) ST Engineering Ltd Sold M1 and SATS - As per previous post, I stated I will sell my "In-the-money" stocks at that time. What a WRONG Call - Market didn't tanked further and SATS woke up to be a bigger giant and it got into the STI index. M1 has continued to hold the ground (although more justified in my view). Nevertheless, Cash is king at this time and I will continue to look for more value investment. Bought ST Engineering Ltd - Became an ST Engin

Recent Views on Investment Environment (As of 19 Sep 2015)

I will be categorizing my blog post more systematically, so it will be easier for readers and even myself to trace back to my previous writing. Fed did not increased Interest Rate By now, all of you will know that Fed decided not to increase the interest rate. Personally I am a bit sad as I was hoping for an interest rate increment so that price of the stocks in my watchlist to go lower (This is based on the assumption that an increase in interest rate will cause market downturn). However this inaction of not increasing interest rate has caused people to wonder - when will Fed start increasing? Oct? Dec? We will have to wait till the next meeting. Source; Federal Reserve Website   Nevertheless, with everyone expecting an increase of interest rate and Fed not doing so, has caused the market into turmoil. Many markets went down significantly the next day but China went up. STI only react minimally.  This will definitely caused the market volatility to continue w

Chuan Hup Holding Ltd

I am back again - Went on an overseas trip lately. When I am back, the market became red. And then green. And then red. You can never catch the bottom in this volatility. Thus, as usual, my advice is to invest in good quality company with a long term view. Therefore, I shall talk about one of the quality company in my portfolio (which I am deeply vested in) - Chuan Hup Holding Ltd. Profile In Short Chuan Hup Holding Ltd (CHH) is an investment company which has a major stake in PCI Ltd (Listed in SGX). It also has some shareholding in Finbar Group Ltd - an Australia property development company listed in ASX. CHH collaborated with Finbar Group Ltd and is deeply involved in various Australia Property Developments. Previously, CHH also had some shareholding in CH Offshore Ltd but it has since been sold off to Falcon Energy in early 2015. The Value Stock Scorecard Price: $0.320 (as at 13 Sep 2015) Net Current Asset Per Share: $0.313 (-5%) % Cash of Pric