Yes it is another ipo huat huat i earned 100plus by getting 3 lots of versalink at 30cents and sold it off on ipo date at 34.5.
Well what pushed me to go for it is because i see even carpet can go beyond ipo price so why not this haha
But overall the market sentiment is poor right now and there is a constant voicr telling me cash is king and it is time to enter the market to pick up some undervalur stocks
Despite so i did not do so because the no 1 principle is that stocks cannot be over 1/3 of my total savings and it must be money that i am prepared tp take risk. So no no for now as i sit at the side watch the up and down
The top 3 stocks i be watching is
- sheng siong
Hehe we shall c will be posting monthly portfolio report soon also
As what i can see the market is dropping daily without any catalyst of recovering at the moment.
So what the right time to hit? I think we wun know wat ww can aim for is near the bottom to go in
It hard to judge base on the outside news so i think i will judge instead base on a company share. Meaning if i c a company that is really cheap after this and got prospect i will invest more
Argentina default, ukraine crisis, israsel – hamas war and ebola etc
Looks like all these and more news give a minor correction to the market.
I think the big boss are going to reap the profits in the near term to come and i see a deeper correction ahead
Yeah i am coming up with this report similar to those annual report where i share my investment performance and since i am a programmer i am always thinking of using reporting tool to give a more detailed analysis like using pie chart and such.
My stocks portfolio
1. Mapleteee industrial trust
Current $1.435 – bought at $0.93 + dividends (2011 – $74.8, 2012 – $89.30, 2013 – $95.9, 2014 – $50.2) = $815.2
Comment: this is a stock i think can safety hold for long term as margin of safety is huge base on the profit i earn so far.
2. SPH REIT
Current $1.055 – bought at $0.90 + dividends (2014 – $46) = $201
3. Hutchison Port Holding Trust
Current usd 0.74 – bought at usd 1.01
+ dividends (2011 – 14.30, 2012 – 47.4, 2013 – 45, 2014 – 22) = – sgd 175.47
4. Capitalmallasia bond
5. Oue commerical reit
6. Fraser hospitalty trust
9. Super Coffee
Yes because i realize my exposure to stocks and bonds now comprise nearly 1/3 of my saving so it is time to be really cautious.
As of now i can safety say that my margin of safety has been reached and i should stop investing for rest of this year unless i see a fantastic opportunity or i get supplment income from my freelancing works
Suddenly the singapore ipo market is very hot. We have 3 new ipos coming up and my thoughts are as follows:
First sponsor: i will not ballot because it is mainly a china property play and we all know there is s potential china property bubble forming
Samudra energy: this look interesting since this is an oil and gas play. I just waiting for singapore ipo review before deciding whether to try this out for some kopi lui
Spackman: on one glance, it also look interesting since it is s korean film production company. But taking a closer look, the film industry is very compeitive and i dont c this stock having the compeitive edge to succeed. Will give it a miss
Lucky me manage to get 1 lot even thought i balloted 1 lot only
After some thought through, decided that i will hold this stock for long term althought hotel reit are cyclical.
The future growth prospect and also the global diversified portfolio of this stock neutralize my negative thoughts haha.
Recently feel that it is time to accumate on some us stocks for diversification.
Looking at the following:
Bank of america
Wonder if it is worth a go..
Buy 1 share and pay comission or buy more?
Initally i wasnt very interested in their business since they are an engineering group but mr ipo covered them very well and give them a 3 chilli rating.
As such i decided i will simply ballot 1 lot and will dump if can make a small profit.
Wish me luck