*Official* MasterLeong Thread

[madtari]

Serious?! My monthly pay is even higher than their annual profit!

If I recall correctly, qianhu only earn $5k or something for the year.

 

[Perisher]

Serious?! My monthly pay is even higher than their annual profit!

Got link got talk,

http://www.businesstimes.com.sg/com...t-plummets-946-to-s5000-even-as-revenue-rises

 

[Dividends Warrior]

If I recall correctly, qianhu only earn $5k or something for the year.

The owner should really just take it private.

 

[Sinkie]

The owner should really just take it private.

The owner must also have the money to take it private too

 

[MasterLeong]

Hi master Leong, your thread is so fast that I can hardly follow. Do you have a summary post? Like which stock and what target price and percentage?

I hope to set up a similar portfolio and follow through.
Thanks!

there is no short cut to learning, I suggest you come in daily to read if u want to learn hahahaha

anything not sure just ask me

cheers

 

[Sinkie]

Serious?! My monthly pay is even higher than their annual profit!

If is revenue $5000 then something is wrong. I still remember digiland used to be making $80 - $100 per quarter lol

At least still better than companies losing money leh

 

[MasterLeong]

nowadays also very few ppl keeping fish as pets

its a dying business... and may even go bankrupt

 

[MasterLeong]

that's why must buy companies/businesses that you can see will be around for 1-2 decades or longer

for me.. my core portfolio consists of telco/reits/bank... i hope that when I pass away I can pass all my stocks to my son and he can continue to receive the power of CD

 

[MasterLeong]

GOLDEN POST OF THE DAY



http://www.sharesinv.com/B2F/
http://www.sharesinv.com/CC3/

M1 current yield 7.8%
SH current yield 7.1%

Assuming bear case scenario of 30% cut in earnings/dividends for simplefied sake
M1 future yield 5.5%
SH future yield 5%

for me, I think of it this way as to know my MARGIN OF SAFETY

 

[lewissac]

GOLDEN POST OF THE DAY



http://www.sharesinv.com/B2F/
http://www.sharesinv.com/CC3/

M1 current yield 7.8%
SH current yield 7.1%

Assuming bear case scenario of 30% cut in earnings/dividends for simplefied sake
M1 future yield 5.5%
SH future yield 5%

for me, I think of it this way as to know my MARGIN OF SAFETY

Haha my margin of safety is 4% yield baseline.

 

[lbs]

everytime u looked at your XIRR or time-weighted returns and find yourself looking at the index.... check out what Damodaran say in the last 2 minutes of this video...

 

[Layers]

dbs on ocbc


Riding high on rising rates
Positive on rising rates for both banking and insurance business;
upgrade to BUY. Expectations on rising interest rates from
December 2016 should start to spell a new phase for higher
NIM. Our FY17-18F earnings are raised by 5-8% on higher NIM
expectation, bearing in mind loan growth will likely stay
sluggish and funding costs stay stable. We expect credit costs to
decline in FY17F as the bulk of NPL issues have been addressed.
OCBC’s key differentiating factor lies in its insurance business
which gives it a more holistic wealth management platform,
which we believe the market may be under-appreciating.
Top-line driven; insurance business could surprise. We expect
NIM to rise by 8bps in FY17F and stabilise going into FY18F.
This will be the key driver to top line amid another expected
sluggish year for loan growth. Our sensitivity analysis indicates
that for every additional 25bps increase in SIBOR, OCBC’s NIM
will rise by 7bps, holding other variables constant, and this
would lead to a further 4% uplift to earnings. Positively, life
insurance businesses correlate positively to rising interest rates
but this may be balanced off by volatile unrealised mark-tomarket
gains/losses along the way.
Asset quality to stabilise in 2017. New NPL formation has
reduced in 3Q16 but more negotiations are expected to emerge
from the oil & gas sector, hence new NPL formation would still
be prevalent for another 1-2 quarters. Management hinted that
NPL ratio would unlikely hit the high of 2.1% that it recorded at
the peak of the Global Financial Crisis (GFC). The SME portfolio
will be closely monitored as this segment tends to be vulnerable
in a prolonged soft economic environment.
Valuation:
Our TP is raised to S$10.30 after our earnings upgrade by 5-8%
over FY17-18F on higher NIM assumptions. This implies 1.1x
FY17F BV and is derived from the Gordon Growth Model (10.5%
ROE, 3% growth, 9.6% cost of equity). A new catalyst has
emerged – rising rates bode well for NIM and insurance business.
Key Risks to Our View:
Further upset in asset quality. We have assumed that the peak of
NPLs would be seen in 2Q16. Overall credit costs should decline
from here but NPL ratio may stay at similar levels. A prolonged
deterioration in the oil & gas sector, coupled with additional
stress from SME, could pose downside risk to earnings.

kinda late to upgrade haha

Sent from Sony E6853 using GAGT

 

[lin321]

GOLDEN POST OF THE DAY



http://www.sharesinv.com/B2F/
http://www.sharesinv.com/CC3/

M1 current yield 7.8%
SH current yield 7.1%

Assuming bear case scenario of 30% cut in earnings/dividends for simplefied sake
M1 future yield 5.5%
SH future yield 5%

for me, I think of it this way as to know my MARGIN OF SAFETY

This is helpful! Thanks!

 

[Takodoro]

GOLDEN POST OF THE DAY



http://www.sharesinv.com/B2F/
http://www.sharesinv.com/CC3/

M1 current yield 7.8%
SH current yield 7.1%

Assuming bear case scenario of 30% cut in earnings/dividends for simplefied sake
M1 future yield 5.5%
SH future yield 5%

for me, I think of it this way as to know my MARGIN OF SAFETY

Shifu, you need to consider the capital drop downsize risk as well.

 

[MasterLeong]

Shifu, you need to consider the capital drop downsize risk as well.

M1 already down 50% from peak
SH already down 35% from peak

they were sold down more than what earnings can fall to

I feel there is more upside than downside, but I may be wrong


however I have place my bets on telcos.. a total of 90K into the 3 telcos already
time will tell if its a good investment or not

I have written much on why I think they are a good buy, but I am only mere mortal.... see how it goes ba

 

[yihao93]

Hi master Leong, your thread is so fast that I can hardly follow. Do you have a summary post? Like which stock and what target price and percentage?

I hope to set up a similar portfolio and follow through.
Thanks!

i think u should pass me your bank account is best
moi follow ML for you !

ML index fund

 

[lewissac]

M1 already down 50% from peak
SH already down 35% from peak

they were sold down more than what earnings can fall to

I feel there is more upside than downside, but I may be wrong


however I have place my bets on telcos.. a total of 90K into the 3 telcos already
time will tell if its a good investment or not

I have written much on why I think they are a good buy, but I am only mere mortal.... see how it goes ba

Haha it all boils down to the investors themselves. How much can they afford to lose? That's a key question I feel for them to think deep deep.

 

[Takodoro]

M1 already down 50% from peak
SH already down 35% from peak

they were sold down more than what earnings can fall to

I feel there is more upside than downside, but I may be wrong


however I have place my bets on telcos.. a total of 90K into the 3 telcos already
time will tell if its a good investment or not

I have written much on why I think they are a good buy, but I am only mere mortal.... see how it goes ba

My humble take:

When interest rate fall, bond price rise, yield decrease.
When interest rate raise, bond price fall, yield increase.

If 4th telco is not skati, Telco share price rise/maintain, yield maintain/rise.
If 4th telco is skati, Telco share price fall/maintain, yield maintain/fall.

 

[MasterLeong]

Haha it all boils down to the investors themselves. How much can they afford to lose? That's a key question I feel for them to think deep deep.

in general those who want to play stocks.. even for blue chips, be prepared to see 30-50% paper losses at some point

like in 2007-08 GFC


a lot of people 5%-10% paper losses cannot tahan liao

many like to panic and sell off in bear market like how many sold off this year

 

[MasterLeong]

http://investmentmoats.com/money-ma...pletree-greater-china-commercial-trust-mgcct/