Value Merlion

Note 7: April Update Overall For this month, I see the market slowly recovering, I think the main drivers are mainly due to the improving stability across the region, the optimism that all is not that bad with the China economy and also that the market has accepted that future rates hikes are ok. My overall portolio has only increased 1.6% this year YTD. Many issues comes with the currency movement from HK as it devalues. I try not to be affected by all these movement Singapore Finally received the LTC moolah, and I have also invested a small amount into Ho Bee. It’s generally undervalued, and I believe that the return of the property market and the improving sales at Sentosa will improve the situation for this counter. In terms of the overall performance, I am still underperforming the market. It’s getting tougher, but the value approach seldom works in times of bullishness. Market is no longer cheap, but generally fair valued (based on my criteria’...