Objective
Using dollar cost averaging and Asset Diverstification
1) To dollar cost average in 10k over a time frame of 1.5 years.
2) To diversify into different asset group.
Portfolio - Long term
1) Asia Pac Ex Japan - 60%
==> Singapore
==>Thailand
==>Malaysia
==>Korea
==>Indonesia
==>India
==>China
2) Middle East -20 %
3) Commodities -20%
Sunday, February 24, 2008
Monday, February 11, 2008
Advance Holding
Summary
Second Bad investment. Company is good but invest in a wrong price. EPS is 1c and I brought it at 67c!!!! PE is 67 times over!!! Learn this the hard way. Lesson to learn is to do fundamental analyse. Correct valuation is at 20c probably. Hope they can improve on their earnings for year 07.
Second Bad investment. Company is good but invest in a wrong price. EPS is 1c and I brought it at 67c!!!! PE is 67 times over!!! Learn this the hard way. Lesson to learn is to do fundamental analyse. Correct valuation is at 20c probably. Hope they can improve on their earnings for year 07.
Ouhua Energy
Summary
This company is disappointing. Brought at 72c now worth 26c. Down 64%!!! A lesson to learn here.
1) Not to be greedy
2) Analyse the company first
3) Understand the company competitive edge and profitibility first
One reason I believe that cost the value to drop is the poor margin that it has. Especially after PRC announcement of limiting the price hike of LPG squeezing of LPG companies.
Strategic Analyse
This company has poor margin. seriously has to do something about it. Limited by technology and goverment policy.
Fundamental Analyse
Earnings _ Y06
EPS ______ 91.39rmb
PE _______ 1.4 on 11 Feb 08
Ratios ___________ Y06
Operating Profit _ 3.73%
Net Earnings _____ 3.06%
This company is disappointing. Brought at 72c now worth 26c. Down 64%!!! A lesson to learn here.
1) Not to be greedy
2) Analyse the company first
3) Understand the company competitive edge and profitibility first
One reason I believe that cost the value to drop is the poor margin that it has. Especially after PRC announcement of limiting the price hike of LPG squeezing of LPG companies.
Strategic Analyse
This company has poor margin. seriously has to do something about it. Limited by technology and goverment policy.
Fundamental Analyse
Earnings _ Y06
EPS ______ 91.39rmb
PE _______ 1.4 on 11 Feb 08
Ratios ___________ Y06
Operating Profit _ 3.73%
Net Earnings _____ 3.06%
Maple Tree
Strategic Analysis
Maple Tree major business in the property sector. It rents out property space and has properties all over asia pacific.
Current portfolio of 70 Singapore, Hong Kong, China, Malaysia and Japan assets
1) Has long weighted average lease duration
2) Has long weighted unexpired lease for underlying land
3) High average occupancy
4) Diverse and Quality tendancy base
Fundamental Analyse
EPS is 8.56c(Y06), 16.74c(Y07), 12.65(Y08/2 Yr Ave)
Ratios
Profitibility ____ Y06_____ Y07
Operating Margin _ 98.11% _ 139.51%
ROE ______________ 84.77% _ 128.63%
ROA ______________ - ______ 9.33%
Growth _______ Y07
Revenue ______ 76.27% (due to revaluation of assets)
Net Earnings _ 167.48%
EPS __________ 95.56%
Liquidity______ Y07
Current Ratio _ 0.11
Quick Ratio ___ 0.11
LEVERAGE _______________________ Y07
Long Term Debt to Equity Ratio _ 0.74
Total Debt to Equity Ratio _____ 1.35
Maple Tree major business in the property sector. It rents out property space and has properties all over asia pacific.
Current portfolio of 70 Singapore, Hong Kong, China, Malaysia and Japan assets
1) Has long weighted average lease duration
2) Has long weighted unexpired lease for underlying land
3) High average occupancy
4) Diverse and Quality tendancy base
Valued at S$2,379.0 mil on 31 Dec 07.
The investment strategy is regional in scope with the potential for future investments to be made in countries across the Asia Pacific region including Malaysia, the PRC, Hong Kong, Thailand, Vietnam, India, Indonesia, the Philippines, Japan and South Korea.
Fundamental Analyse
EPS is 8.56c(Y06), 16.74c(Y07), 12.65(Y08/2 Yr Ave)
Price range is 85-108c(Y06), 70-134c(Y07)
PE ratio range is 9.9-12.6 (Y06),4.18-8.02(Y07)=>4.18-12.6
Using past PE range of 4.18-12.6
and Y08 est EPS 12.65c => Price should range from 52c to 160c
11Feb08, 87c. HPE 5.2, TPE 6.88. 32% est range.
25Feb08, 93c. HPE 5.5, TPE 7.35. 37% est range.
P&L _______ Y06 ________ Y07 ________ Y08
EPS _______ 8.56c ______ 16.74c _____ est 12.65 (ave of 2)
$Low(PE) __ 85c(9.9) ___ 70c(4.18) __ 52c(4.18)
$Hi(PE) ___ 108c(12.6) _ 134c(8.02) _ 160c(12.6)
Ratios
Profitibility ____ Y06_____ Y07
Operating Margin _ 98.11% _ 139.51%
ROE ______________ 84.77% _ 128.63%
ROA ______________ - ______ 9.33%
Growth _______ Y07
Revenue ______ 76.27% (due to revaluation of assets)
Net Earnings _ 167.48%
EPS __________ 95.56%
Liquidity______ Y07
Current Ratio _ 0.11
Quick Ratio ___ 0.11
LEVERAGE _______________________ Y07
Long Term Debt to Equity Ratio _ 0.74
Total Debt to Equity Ratio _____ 1.35
Sunday, February 10, 2008
PX Inv - 11 Feb 08
Summary 11 Feb 2006 for cash
Current Portfolio
No _ Company ________________ Cost __ Value __ Profit _ %fol
1 __ Advance Holding ________ $1850 _ $795____ -$1055 _ 7.54%
2 __ Ouhua __________________ $1440 _ $520____ -$920 __ 4.93%
3 __ United Engineers _______ $3860 _ $3450 __ -$410 __ 32.7%
____ Singapore ______________ $7150 _ $4765 __ -$2385 _ 45.2%
4 __ Aberdeen Pacific Fund __ $2000 _ $1926___ -$73 ___ 18.3%
5 __ Cash ___________________ $3850__ $3850 __ -$0 ____ 36.5%
Total _______________________ $13k___ $10.5k _ -$2459 _ 100%
Objectives Till End 2008
1) To reach a portfolio value of 24k (ie to save 13.5k)
Based on above portfolio
=> Cash === $9000
=> Equity = $15000
======> Asia Ex Japan = $7500
======> Middle East === $2000
======> Commodities === $2000
======> Singapore ===== $3500
Current portfolio
=> Cash === $3850
=> Equity = $6765
======> Asia Ex Japan = $2000
======> Middle East === $0
======> Commodities === $0
======> Singapore ===== $4765
* In Singapore, 2 companies are exposed to china and resources related (advance holding and ouhua)
* Third is construction related
Direction ahead
1) Current Cash holdings is about $4k, for the next 9 mths to contribute 14k ($1.5k per mth)
2) To track asia ex japan, middle east, commodities and technologies fund
3) To increase exposure to asia ex jap to $7.5 k from current 2k. ($5.5K in a year)
4) To buy into middle east ($2k)
5) To buy into commodities ($2k)
6) To look at good companies in singapore. Diversity between Industry and Location. (reduce to 20% exposure)
7) Cash Holding to increase to $9k
Immediate actions
1) Liquid of switch singapore companies on good opportunities
2) Invest in interval of $1000 into asia ex jap in 5 different timing
3) Invest in interval of $1000 into middle east in 2 different timing
Current Portfolio
No _ Company ________________ Cost __ Value __ Profit _ %fol
1 __ Advance Holding ________ $1850 _ $795____ -$1055 _ 7.54%
2 __ Ouhua __________________ $1440 _ $520____ -$920 __ 4.93%
3 __ United Engineers _______ $3860 _ $3450 __ -$410 __ 32.7%
____ Singapore ______________ $7150 _ $4765 __ -$2385 _ 45.2%
4 __ Aberdeen Pacific Fund __ $2000 _ $1926___ -$73 ___ 18.3%
5 __ Cash ___________________ $3850__ $3850 __ -$0 ____ 36.5%
Total _______________________ $13k___ $10.5k _ -$2459 _ 100%
Objectives Till End 2008
1) To reach a portfolio value of 24k (ie to save 13.5k)
Based on above portfolio
=> Cash === $9000
=> Equity = $15000
======> Asia Ex Japan = $7500
======> Middle East === $2000
======> Commodities === $2000
======> Singapore ===== $3500
Current portfolio
=> Cash === $3850
=> Equity = $6765
======> Asia Ex Japan = $2000
======> Middle East === $0
======> Commodities === $0
======> Singapore ===== $4765
* In Singapore, 2 companies are exposed to china and resources related (advance holding and ouhua)
* Third is construction related
Direction ahead
1) Current Cash holdings is about $4k, for the next 9 mths to contribute 14k ($1.5k per mth)
2) To track asia ex japan, middle east, commodities and technologies fund
3) To increase exposure to asia ex jap to $7.5 k from current 2k. ($5.5K in a year)
4) To buy into middle east ($2k)
5) To buy into commodities ($2k)
6) To look at good companies in singapore. Diversity between Industry and Location. (reduce to 20% exposure)
7) Cash Holding to increase to $9k
Immediate actions
1) Liquid of switch singapore companies on good opportunities
2) Invest in interval of $1000 into asia ex jap in 5 different timing
3) Invest in interval of $1000 into middle east in 2 different timing
SingTel
Overview
In the search for companies to add to my porfolio, I came across the finiacial report for SingTel. It is a blue chip that pays good dividends. I would choose it due to stability and US sub prime issue do not affect it fundamentally.
Domestic growth is good coming from segments as 1) mobile communications, 2) Data and Internet 3) Sales of equipment and 4) IT and engineering
Regional growth is contributed by Australia Optus (highly competitive market), India, Philippines, India, Indonesia, Taiwan and Thailand.
Fundamental Analyse
11Feb08, $3.78. TPE 15.52 and FPE 15.12. 52 week PE range 11.0 to 16.9.
Comparing
On 11 Feb, Singtel has trailing PE 15.52 times
On 11 Feb, Starhub has trailing PE 16.88 times
On 11 Feb, M1 has trailing PE 13.49 times
EPS is $0.262 (Y06), $0.238(Y07), $0.250(estY08) & $0.286(estY09)
Using 52week Historical PE of 11.0 to 16.9
Based on Y07 EPS, price should range from $2.618 to $4.022
Based on Y08 est EPS, price should range from $2.750 to $4.225
Based on Y09 est EPS, price should range from $3.146 to $4.8334
11Feb2008, $3.78, HPE 15.5, FPE 15.12
25Feb2008, $3.88, HPE 16.3, FPE 15.52, 76% est range. 8%up, 30%dw.
Financial Ratios:
In the search for companies to add to my porfolio, I came across the finiacial report for SingTel. It is a blue chip that pays good dividends. I would choose it due to stability and US sub prime issue do not affect it fundamentally.
Domestic growth is good coming from segments as 1) mobile communications, 2) Data and Internet 3) Sales of equipment and 4) IT and engineering
Regional growth is contributed by Australia Optus (highly competitive market), India, Philippines, India, Indonesia, Taiwan and Thailand.
Fundamental Analyse
11Feb08, $3.78. TPE 15.52 and FPE 15.12. 52 week PE range 11.0 to 16.9.
Comparing
On 11 Feb, Singtel has trailing PE 15.52 times
On 11 Feb, Starhub has trailing PE 16.88 times
On 11 Feb, M1 has trailing PE 13.49 times
EPS is $0.262 (Y06), $0.238(Y07), $0.250(estY08) & $0.286(estY09)
Using 52week Historical PE of 11.0 to 16.9
Based on Y07 EPS, price should range from $2.618 to $4.022
Based on Y08 est EPS, price should range from $2.750 to $4.225
Based on Y09 est EPS, price should range from $3.146 to $4.8334
11Feb2008, $3.78, HPE 15.5, FPE 15.12
25Feb2008, $3.88, HPE 16.3, FPE 15.52, 76% est range. 8%up, 30%dw.
Financial Ratios:
Thursday, January 17, 2008
PX Start of Inv - 1 Sept 07
Summary
Start a portfolio on Sept 2006.
1) Invested at the peak
2) Did not managed to dollar cost average in
3) Did not managed to diversified
Below is the start of the porfolio for cash
No _ Company ________________ Qty __ Price ___ Cost __ %Folio
1 __ Advance Holding ________ 3000 _ $0.6167 _ $1850 _ 18.5%
2 __ Ouhua __________________ 2000 _ $0.72 ___ $1440 _ 14.40%
3 __ United Engineers _______ 1000 _ $3.86 ___ $3860 _ 38.60%
4 __ Aberdeen Pacific Fund __ 479 __ $4.17 ___ $2000 _ 20.00%
5 __ Cash ___________________ 850 __ $1.00 ___ $850 __ 8.50%
____ Total ___________________________________ $10k___ 100%
Below is the start of the porfolio for cpf
No _ Company ________________ Qty __ Price ___ Cost __ %Folio
1 __ United Engineers _______ 1000 _ $4.08 ___ $4080 _ 100%
____ Total_____________________________________$4080 _ 100%
Start a portfolio on Sept 2006.
1) Invested at the peak
2) Did not managed to dollar cost average in
3) Did not managed to diversified
Below is the start of the porfolio for cash
No _ Company ________________ Qty __ Price ___ Cost __ %Folio
1 __ Advance Holding ________ 3000 _ $0.6167 _ $1850 _ 18.5%
2 __ Ouhua __________________ 2000 _ $0.72 ___ $1440 _ 14.40%
3 __ United Engineers _______ 1000 _ $3.86 ___ $3860 _ 38.60%
4 __ Aberdeen Pacific Fund __ 479 __ $4.17 ___ $2000 _ 20.00%
5 __ Cash ___________________ 850 __ $1.00 ___ $850 __ 8.50%
____ Total ___________________________________ $10k___ 100%
Below is the start of the porfolio for cpf
No _ Company ________________ Qty __ Price ___ Cost __ %Folio
1 __ United Engineers _______ 1000 _ $4.08 ___ $4080 _ 100%
____ Total_____________________________________$4080 _ 100%
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