*Official* MasterLeong Thread

[MasterLeong]

Can I hope SH dip abit? , So I can buy this week.

$3.00 or less still ok to go in ba...

 

[MasterLeong]

I think it is better to ask questions than to stereotype companies from certain countries all together. The latter will be too easy.

i believe in the auditors of our country however i am curious about the process in which they check these assets. Cash assets are the least subjective of all assets isn't it?

even if big 4 auditors doesnt mean the book is 100% zhun

when investing must use common sense to guide you

blue chip with real assets like CMT, u ownself can go down see, feel, touch the assets... you know 100% is real

previous blue chip like noble was like a black box.. u dunno the assets real or not and how to value it

if they put a farm in Africa worth 100 mil, auditor how to check? you how to confirm if its really worth that much?

 

[MasterLeong]

i have keyed to sell 5000 SCI at 2.90

see how it opens at 9am hehehe

 

[MasterLeong]

seems like SH opening at 2.99 towards 3.00

as such i will skip buying

as I already own 6,000 SH

 

[lbs]

then i guess if one day SG got into a long period of stagnation, I pretty much dead if I don't know where to look...

 

[Mecisteus]

I think it is better to ask questions than to stereotype companies from certain countries all together. The latter will be too easy.

Maybe you haven't experience yet.

It's safe to avoid China S-Shares.

 

[madtari]

High chance u can sell today. Oil is up 5%!

Hope SCI opens higher so i can divest it fully hehehehe

 

[mcsane]

Any thots on staples ? Like Sheng siong?

 

[mcsane]

Cause it seems tt u do not diversify into staples

 

[MasterLeong]

then i guess if one day SG got into a long period of stagnation, I pretty much dead if I don't know where to look...

if u look at blue chips like singtel or dbs, their business is all cross asia
they dont depend on SG economy alone only

 

[lewissac]

Of course need la. You think audit so easy meh.

But you would be equally amazed by the tricks the China companies can pull out.

Auditor: Do you have this Document A?
China Company:Yes (show to auditor).
Auditor: Can you show me how this transaction F moves to account T?
China Company: (bla bla bla, verbally explain).

I love being auditors. , Simple and easy job.

 

[MasterLeong]

Any thots on staples ? Like Sheng siong?

http://www.sharesinv.com/OV8/

SS is a company with super good fundamentals, solid business with decent growth


however PE ratio is high at 26 times earnings! (over priced)

yield is low at 3.5% for a small cap company

if 15 times earnings then i would consider buying


got other consumer stocks like thaibev I also like but I will not pay over 20 times earnings

 

[MasterLeong]

Cause it seems tt u do not diversify into staples

my core is still in reits telco banks, even recession come also will not die one


on the side got CDG... transport

 

[lewissac]

seems like SH opening at 2.99 towards 3.00

as such i will skip buying

as I already own 6,000 SH

M1! M1!

 

[lbs]

Maybe you haven't experience yet.

It's safe to avoid China S-Shares.

fortunately so, but behind every episode like this i feel there is a lesson that needs to be learn.

so I don't think the lesson, after the s-chip saga, is to avoid s-chips altogether.... the lesson learned must be useful enough to guide me for the rest of my investing journey...

 

[MasterLeong]

power of shopping malls!!!!!





Highlight
Singapore casinos are so 2015 as tourists go shopping instead
By Bloomberg / Bloomberg | December 12, 2016 : 7:14 AM MYT
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(Dec 12): Singapore's casinos are so 2015. After luring tourists for half a decade, they're now losing out to the mall.

Shopping has overtaken gambling as the biggest earner in Singapore's tourism industry for the first time since 2012, surging 44% in the six months through June from a year ago, official data show.

It's most likely thanks to first-time Chinese visitors, according to HSBC Holdings Plc, as the nation’s travellers continue to fuel growth in Singapore's tourism industry.

Some 2.1 million Chinese visited Singapore last year, more than double that of 2009 -- the year before the city-state opened the first of its two casinos.

Among all visitors, those from China, Indonesia and India were the top three spenders in the second quarter of 2016, clocking up 40% of all tourist receipts.

Shopping comprised a quarter of total spending, from 18% a year earlier.

Devoting a large chunk of one’s visit for shopping expenses is “what first time visitors do,” said Erwan Rambourg, global co-head of consumer and retail research at HSBC in London.

Casinos have been a major drawcard for Chinese tourists to Singapore and it remains to be seen whether shopping will continue to outpace gambling.

They are still the biggest spenders, forking out US$1,205 ($1,725) each in the city-state last year, just ahead of Thai visitors.

Chinese travellers spent a whopping $1.15 billion shopping in Singapore last year, which compares with $112 million for Japanese and $175 million for Indians.

They also spent the least on food and accommodation, a trend that's little changed so far this year.

Tourism is helping Singapore at a time of uncertainty for the trade-dependent country, whose economy grew at the slowest pace since 2009 last year. However, the growth in overall receipts is coming at the expense of average spending per tourist, which declined slightly in the first half from a year earlier.

That’s partly down to the growing crowds of Chinese travelling on the cheap. The number of them on budget tours who are entering Singapore by land from Malaysia is rising at an annual clip of around 55%, said Deborah Aitken, an analyst with Bloomberg Intelligence.

“This news is not all good. Some of these tourists are on overland tours and therefore taking in cheaper markets as well as Singapore’s high-end malls, unlike the higher-spending visitors who arrive by air,” Aitken said.

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[DamienK]

Checking in! Welcome back ML Huat Ar!!!

 

[MasterLeong]

this is the challenging part, finding new tenant


- Soilbuild REIT announced that the lease agreement with technics offshore engineering has been terminated with effect from 9 Dec and is currently searching for new tenants.

 

[MasterLeong]

sold last 5,000 SCI at 2.97 opening for close to 15% net profits


total made near 4k net profits on my 10,000 SCI position


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

 

[Average]

i have keyed to sell 5000 SCI at 2.90

see how it opens at 9am hehehe

can up ur offer abit

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