*Official* MasterLeong Thread - Part 2

[Takodoro]

Managed to sell off at $1.39, that $0.005 is $320 difference in profit, he definitely wont lowball it

Now I am looking at his 18 other counters to cut losses

What are the other 18 counters?

 

[MasterLeong]

Managed to sell off at $1.39, that $0.005 is $320 difference in profit, he definitely wont lowball it

Now I am looking at his 18 other counters to cut losses

want to sell, just sell all.... have to be decisive if he wants to restart his portfolio

 

[RiceGrain]

What are the other 18 counters?

some of the lot are left with weird balance like 79,40

For example A-soinc Aero, 79 lot worth $13.67

Some higher priced stocks like
China Aviation, CEI, Golden Agri-Res, Lian Beng, SATS, Sinarmas land, Venture

 

[RiceGrain]

want to sell, just sell all.... have to be decisive if he wants to restart his portfolio

He trade via UOB Kay Hian through phonecall , and he isnt sure about the commission charges , cant seem to find any info online either. I would prefer that he rebuild using a brokage with lower charges

 

[Takodoro]

some of the lot are left with weird balance like 79,40

For example A-soinc Aero, 79 lot worth $13.67

Some higher priced stocks like
China Aviation, CEI, Golden Agri-Res, Lian Beng, SATS, Sinarmas land, Venture

I think you need to post all your average cost price so ML can give a better advice.

 

[Asphodeli]

He trade via UOB Kay Hian through phonecall , and he isnt sure about the commission charges , cant seem to find any info online either. I would prefer that he rebuild using a brokage with lower charges

Think you better request CDP to retrieve last 5 years history...pay $64+ for a peace of mind

Sent from Sony E6533 using GAGT

 

[Mr.Canberra]

Managed to sell off at $1.39, that $0.005 is $320 difference in profit, he definitely wont lowball it

Now I am looking at his 18 other counters to cut losses

Your dad should reward you some consultancy fees!

 

[RiceGrain]

Your dad should reward you some consultancy fees!

he wont, hahaha

The last time he forgot to cash in a cheque from a delisted company (not very sure), my brother went through the trouble to trace back to the owner(?) and managed to retrieve the 6k back.

He got scolded when he ask for some incentives

 

[Mr.Canberra]

He trade via UOB Kay Hian through phonecall , and he isnt sure about the commission charges , cant seem to find any info online either. I would prefer that he rebuild using a brokage with lower charges

Have a nice heart to heart talk with him. He should understand you are doing it for his own good if he is a reasonable man.

Tell him step by step on the modern ways of trading to reduce costs. Sometimes older people are very stubborn but talk to them nicely. They will give in once they see your sincerity. Trust me I am speaking from experience.

Eg. Update him about the task that he gave you his permission to handle on his behalf. Show him the result. Once the results start coming in. Very soon he will have more trust in you and accept your future recommendations.

 

[zzxiaoboizz]

This sound like me and average.

Pruss one but i do think i too aggo into small caps

Sent from Samsung SM-N910G using GAGT

 

[MasterLeong]

some of the lot are left with weird balance like 79,40

For example A-soinc Aero, 79 lot worth $13.67

Some higher priced stocks like
China Aviation, CEI, Golden Agri-Res, Lian Beng, SATS, Sinarmas land, Venture

SERIOUS ADVISE

your dad is OLD and needs to plan for RETIREMENT

of this portfolio I would only keep SATS and VENTURE, the rest will be sold

however if I were you, I would ask him if he willingly to send his updated CDP holding list to his stock broker and give his broker the instruction to fully liquidate all stocks at best effort basis

then he take the cash liao.... put MAJORITY INTO SSB/FD
balance money maybe 20-50% depending on comfort level, he let you manage a DIVIDEND STOCK PORTFOLIO

this dividend portfolio, BE SMART... ask him open JOINT CDP&TRADING ACCOUNT with you.... ^_^

my 2 cents

master leong

 

[MasterLeong]

on a legal point of view, u are NOT SUPPOSED to TRADE on your DAD's ACCOUNT

unless its a joint account with both your names, or that you have a 3rd party authorization


best is make joint account, anything happens... u take over the account

or if he SUPER TRUST you... shares all kept in YOUR CDP

 

[Average]

tmr banks oni can go one direction (obviously).

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/sinkapore-bank-lending-grew-617-billions-5557981.html

Sent from 金鸡 using GAGT

 

[Retireready]

Oh **** I reply wrong thread.

tmr banks oni can go one direction (obviously).

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/sinkapore-bank-lending-grew-617-billions-5557981.html

Sent from 金鸡 using GAGT

 

[MasterLeong]

MCT finally became my top position!

huat ah $$$$$$$$$$$$

 

[MasterLeong]

still waiting to collect all the CD then can use the cash go buy 2000 more CDG

the wait is so long hahaha

 

[MasterLeong]

tmr banks oni can go one direction (obviously).

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/sinkapore-bank-lending-grew-617-billions-5557981.html

Sent from 金鸡 using GAGT

I saw the pic on 100k plus credit card debt
Oh my tian

 

[MasterLeong]

Possibility of hidden impairment, slow recovery of orders continue to plague this stock
By PC Lee / theedgemarkets.com.sg | January 31, 2017 : 4:18 PM MYT
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SINGAPORE (Jan 31): CIMB is maintaining its “reduce” call on Keppel Corp with a target price of $5.21 compared to its current price of $6.36.

At this target, the market is pricing in its Offshore & Marine business at about 3x P/BV, which is typical for a stock in the trough of a super cycle.

CIMB believes Keppel’s outperformance year-to-date came on the back of the STI-index rally and hopes of an oil price recovery.

“Our –30% discounted RNAV valuation of its property division is also in line with Singapore property developers’ current trading band,” says CIMB analyst Lim Siew Khee in a Jan 27 report.

In 4Q16, the O&M division reported a loss of $139 million with $277 million of impairment and provisions for stocks.

And there could be more to impairment to come as the group is still rightsizing its yards in Singapore, says Lim.

The group has not taken in any provisions for undelivered and deferred jack-up rigs.

“Management does not expect orders to recover quickly although oil majors are expected to increase spending on the back of higher oil prices,” says Lim.

In FY16, Keppel secured $500 million of orders. CIMB expects $1.2 billion for FY17.

Meanwhile, Keppel’s property business registered 4Q16 net profit of $269 million which included $64 million of revaluation gains from investment properties.

Sales in Vietnam picked up significantly with about 1,200 houses sold.

In the investment division, Keppel also made $60 million profit from land sales in the 50-50 JV in Tianjin Eco City.

In Jan, the JV sold three land parcels for RMB 5 billion.

“More land sales ahead could swing earnings,” says Lim.

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[MasterLeong]

I think KC could see further write offs too, those holding KC with good profits can consider taking it

I already sold mine off late 2016 riao

 

[MasterLeong]

Forget get-rich-quick schemes. Investment coaches Major (MAJ) (NS) Sean Seah and Captain (CPT) (NS) Alvin Chow explain why patience pays.

They thought they could emulate top traders and make big money through the stock market. But their dreams turned into nightmares - MAJ (NS) Seah and CPT (NS) Chow ended up losing $100,000 each.

This happened in the middle of the last decade when stock trading courses were popular in Singapore. The duo, who did not know each other then, were lured by the promise that one could make money fast in a matter of days or even minutes.

"When I was younger, I was very impatient, always wanting to make money fast," recalled CPT (NS) Chow, 32, a former Republic of Singapore Air Force Regular.

The big trading losses kept them grounded, and stopped them from seeking shortcuts.

Starting from scratch

Going back to the drawing board, they studied how world-famous investors like Warren Buffett and Walter Schloss grew their wealth by buying and holding stocks over the long term. They put together their own investment strategies, and today are successful full-time investors.

MAJ (NS) Seah, 34, a former Army Regular, spent seven years building up a stock portfolio that generates an average of $11,000 of passive income each month.

CPT (NS) Chow started his portfolio in August 2013, and has gained 24 percent returns by October 2015. In contrast, the benchmark Straits Times Index (STI) was down by three percent over the same time period. The STI tracks the performance of the 30 biggest companies in the Singapore stock exchange and is considered a barometer of the country's economy.

The duo also runs courses to impart their investment strategies and personal finance knowledge to retail investors.

Different strokes for different folks

Their investment philosophy is similar: invest in a basket of undervalued stocks across different sectors.

But their strategies differ.

MAJ (NS) Seah described himself as a "business collector" who invests in three different types of stocks: dividend stocks, high-growth stocks, and asset-rich stocks.

A dividend stock provides a consistent stream of passive income paid out from the company’s profit. Growth stocks, on the other hand, have the potential to appreciate multiple-fold. For example, Apple shares have risen from US$5 a decade ago to US$120 today.

In contrast, CPT (NS) Chow only invests in asset-rich companies that possess valuable assets such as properties and cash. These provide firm backing to the company's shares. Such stocks usually belong to small, unknown companies.

CPT (NS) Chow described his strategy as boring and robotic, using only financial figures for his analysis.

"Most retail investors do not have the business acumen to know whether a business is good or bad. For example, I may not invest in Google stocks simply because I favour Apple iPhones over Android smartphones.

"There are cognitive biases that may cause people to make the wrong investment decision.

That’s why we need to have a process that is more objective."

MAJ (NS) Seah noted it was a matter of finding a style that suited your personality, adding that his strategy appealed to people who have a passion for investing.

"Try out all the methods to find out which one suits you the best. At the end of the day, investing takes time. If you are uncomfortable (with a certain method), you will give up."

Military families

Both men come from families where military service is a tradition. CPT Chow's twin cousins are Navy officers, while MAJ Seah’s father is a retired combat engineer officer.

MAJ (NS) Seah, now battalion 2nd-in-command of 736th Battalion, Singapore Guards (736 Gds), was inspired to sign on during Full-time National Service.

"I saw my officers practising what they preached. They didn't just recite the SAF core values. They talked to the soldiers and did things together. I wanted to be like them, to be a leader with values," he recalled.

CPT (NS) Chow, an Air Warfare Officer (Ground-based Air Defence), also lives by the same values. What he enjoys most about his time in the Air Force are the strong friendships and bonds he had with his buddies.

"Because we went through tough training together, the kind of understanding that you have with each other is special."