I am using two strategies: 'dividend stocks' and 'market timing'.Am now 40% invested, all in dividend stocks/REITs/trusts, mostly SGX listed. The big ones are Netlink Trust and Manulife US REIT, with smaller positions in Frasers Centerpoint Trust and Mapletree Commercial Trust.I think the last month's rally is a bear market rally.  I am waiting for a correction to continue buying Frasers Centerpoint Trust and Mapletree Commercial, plus Brookfield Infrastructure Trust.  This will take me up to 60% invested.I'm willing to catch falling knives when buying dividend stocks.  Even though they will be affected by the recession (except Netlink), all the SGX-listed stocks above should survive without raising capital, unless revenue drops by more than half.  Once the economy reco

Defli is an Indonesian chocolate manufacturer and distributor listed on SGX.  They are by far the largest player, with over 40% market share.  75% of their revenue is from Indonesia, the rest from the Philippines.The Industry and CompetitorsAn Oct 2019 DBS report covers this well:Delfi's distribution is strong in rural areas ("General Trade"):Distributors in General Trade are largely exclusive to Delfi, creating a moat.The Modern Trade channel has been growing faster than General Trade, but has recently been slowed due to unhappiness.  New modern outlets can only be set up a certain distance from existing traditional outlets.Delfi has the largest market share in Indonesia.  They mainly compete with Mayora in the value segment, while the global brands (Nestle,

Merry Xmas! As we approach end 2019, most market strategists are putting their market estimates for end 2020. Although I do not profess to be in the league of these market strategists, just for fun, I am expecting STI to head towards 3,390 in 1Q2020. STI closed at 3,222 on 24 Dec 2019. I have outlined my basis and the risks involved.   Factors for my bullish basis a) Chart looks positive after bullish break Based on Chart 1 below, STI has staged a bullish break above its flag formation on 12 Dec 2019. Notwithstanding below average volume for the past couple of weeks (perhaps due to holiday period) and low ADX, STI’s indicators are slowly strengthening with rising OBV, MFI and RSI. The bullish break on 12 Dec points to an eventual technical measured target of around 3,389, probably in th