Please click and read this disclaimer if you wish to continue with the contents below.Bench marking myself against STI and World Index:Year to date:STI Index: -18.52%World Index: -10.83%My Portfolio: -8.90%Three years trailing:STI Index: -17.17%World Index: 4.36%My Portfolio: 8.4%Last three years trailing was semi decent since I transitioned out of my bond portfolio completely by end 2017. Year to date, I managed to outperform STI index by 9.62% and World Index by 1.93%. Three years trailing, I manage to outperform STI index by 25.57% and World index by 4.04%.Portfolio composition:Comments on some of the counters:Sunevision(HK:1686) operates and owns the largest data center in Hong Kong. With more people working from home, more bandwidth demand will need to be met. More

2020 1H is really a roller coaster ride. In march, the market drops more than 5% consecutive for days. The plan to purchase companies as they fall 20% became 25% to 30%, and towards the end of march become a wait and see move.There are several questionable coporate actions, the purpose of the piece is to crystallize the thinking process through writing, and please forgive me if I sound incoherence.1) Moments of freezing in actionBut all accounts, Singpost, Hong Kong Land, Capitaland has hit 30% threhold of fall. Yet, I freeze. I have not mentioned Hong Kong counters like 0517 cosco and GA pack. While it is understandable to focus the firepower in the local market where there is high degree of familarity, there is no reason why I let a 30% fall go, and I did nothing.Reflection: When the mar

Hutchison Port Holdings Trust (HPHT) operates in the container port industry, with its terminals located in two of the world’s busiest container port cities by throughput: Kwai Tsing, Hong Kong; and Yantian Port, Shenzhen, China. HPHT’s market performance has been disappointing – since its IPO in 2011, it has lost close to 90% of its market value. It was also announced in September 2019 that HPHT will be removed from the Straits Times Index partly due to poor operating income since 2016 as it faces challenging business conditions like the U.S.-China trade tensions. Compounded with COVID-19 troubles in 2020, HPHT’s immediate future certainly looks bleak. Nevertheless, I tuned in to HPHT’s virtual AGM to find out how it performed for FY2019 and how it intends to brace fo

Please click and read this disclaimer if you wish to continue with the contents below.COSCO International Holdings Limited (SEHK: 517) is the subsidiary of COSCO (Hong Kong) Group (COSCO Hong Kong's parent company is COSCO Group). It is headquartered in Hong Kong and it was listed in the Hong Kong Stock Exchange in 1992. It is 66% owned by the COSCO SHIPPING Group.The value thesis for this company is in its balance sheet. 6.09bil hkd of net cash which equates to HK$3.97 of net cash per share vis a vis a market cap of 3.34bil hkd(2.18 per share). This will likely allow the company to make a series of small acquisitions to complement its existing businesses and/or enable it to make a transformational acquisition to substantially expand its earnings.This company is trading at 45% di

The bear market has brought intense reactions. Everyone has different plans or coping mechanisms.My friend ask for divine advice. I am not kidding. The advice he got is stay out of the market for the time being. That is when I started buying when STI is at 3000. The way I see it, there are a few ways.1) Exit to a level of comfort, taking some loss if necessary and stay out of the market 2) Accumulate at various points and continue buying3) Short the market4) Rotate your holdings, buy and sell at the same time and liquid some bonds (if u have)5) Look at signals (whatever sect u below) and trade in and out of marketIf u have a different option that I have not heard of, please leave a comment below.The point I am trying to make is, no matter which path u take, u will most probably b

This is my second overseas investment. However, it is my maiden investment into Hong Kong exchange, my first is GA pac，which is also in Hong Kong and both were purchase within the same fortnight. I shall let pictures tell the story of why I bought. Maybe u can pinpoint the main reason why I think it's a good deal. This is the story or business part. The numbers part is below. Which numbers do u think catch my attention? ....... ......The numbers is interest income or finance income's proportion to operating income, and u can understand the risk of this business. Unlike YZJ whose finance income come from riskier HTM investment, 517 income come from bank deposits.Shipping is a scary industry, but 517 is the back support service of this industry, spar

This will be a short post.I believe in investing, we need the connect the numbers to a story to make better sense of a business. U can call it growth modeling or revenue projection, but I feel both u can't really make it buy or sell call without both.For a stock that I owned, I usually sit up when it falls 20 percent. I will ask my self to do 3 things. 1) Buy more, 2) Sell some or all, 3) find out more so that I can do 1) or 2) within days or a week.This approach has mix results but it keeps me sanity and allow me to sleep well. I will share examples and what I have learn from themA few examples. Sembcorp Industries, SIA engineering etc. Both I have been accumulating as they retreat. SIA engineering has rebound from a low of near 2 dollars and to a high of close to 3 dollars before th

At 30 years old, I had 6 years of investing under my belt. But my returns were heading nowhere. One of the main reasons was that I was trying a lot of different things. So I told myself, its time not to mess around anymore and try one method that I feel goes best with my character. Then I doubled down on it. I lean towards investing for dividends. And what a friend said about respecting value makes sense. So I doubled down on value investing with a focus on finding dividend-paying companies. I have been doing that since then, and regular readers would know where to check how I am doing. Why Should We Invest with a Tilt Towards Dividends? Dividend investing has a lot of appeal, and I think the reason is that people like to be validated that they are slowly getting a cash

2019 has gone by in a blink of an eye. It has been a tumultuous year in the market, filled with the uncertainties of geopolitical events such as the U.S.-China trade war, the UK (still) leaving the EU, and the now-withdrawn extradition bill that sparked months of unrest in Hong Kong. These events caused some investors to sell off, waiting on the sidelines for a golden opportunity to re-enter the market at a better price. As a result of that, those investors missed out on a good year, especially in the U.S. In 2019, the S&P 500 has a year-to-date return of 28.58%: Source: YCharts Which brings us to some key lessons we can takeaway from the year that just passed. 1. It’s impossible to predict the market Earlier in the year, investors expected the U.S. economy to slo