Value Merlion

Dear Internet, I made some investment over the 2 months, during the mini turmoil . 1.        Hong Kong Ferry Holdings 0050. HK @ an average price of 8.76 HKD 2.        Lion Asiapac (BAZ. SI) @ an average price of $0.52 SGD 3.        Japan Tobacco (2914) @ an average price of 3160.94 JPY Purchases (1) and (2) are based on the value approach. The Hong Kong Ferry Holdings NAV is   16.25 HKD and Lion Asiapac is $0.992. I believe that there are significant margin of safety as we speak. Hong Kong Ferry Holding is a property developer with a side business   ferry services, fuel oil trading, ship repairing and cruises. I generally like businesses with a combination of property plus a stable business. I estimate the share of it’s high quality asset at around 6 HKD. I am also keen to expand on my Hong Kong portfolio in the years coming, as my macro prediction is that the expansion of...

Dear Internet Came across this excellent article from James Montier. Basically, he has map out the different kind of bubbles. https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-advent-of-a-cynical-bubble.pdf?sfvrsn=4 Have a good week!

Dear Internet It’s been a wild ride over the past few days for many investors since the stock market has went on quite a roller coaster. A few of my friends were discussing on it either on Facebook or thru chats with me. Some of their portfolios were badly affected and some of them have less than average decline. While the cause of the correction is mainly due to the potential rate hike, as well as the belief that the market is overvalued, you can’t deny that the world economic is going on quite nicely. I personally believe that there could be a short rebound once the economic data comes off nicely again, but do not judge me on this. This correction is also a good chance for people to know their reaction in times of such mini crisis. If you find yourself sweating and panicking, you might need to think hard on how much do you want to put into the stock market. My advice to the readers is simple. If you are a broad based investor using low cost ETF or funds with a 20 year horizo...