Value Merlion

Dear Internet Was reading up news on Business Times today and came upon this article which was reporting on the struggles of TT International recently. https://www.businesstimes.com.sg/real-estate/tt-internationals-big-box-in-jurong-east-put-up-for-sale-by-receivers I used to have a customer who worked for Big Box under TT International. He was extremely arrogant and his negotiation tactics were primitive at best. And at the risk of having a cheap shot at him, I felt he didn’t know the dire situation that his company is in at that point in time.   If I remember clearly, he was asking for generous terms of trade and threatening to buy from parallel stocks or support other competitors if I don’t give in. Being younger then him by decades, he wanted to use his contacts and age to pull me down. Obviously, I am not too happy with what he was trying to do. I am also aware that my finance team is very much cautious of the situation in the parent company. However, due to sensit...

Overall This month has been pretty turbulent at least with the overall sentiments not being favourable. However, I believe that Mr Market might have been over reacting to what have happen in the Malaysia political scene, the uncertainty over the North Korea – USA situation, as well as the last week of change in government in Italy. On a more specific segment, the Vice portfolio has yet to recover from the plunge post decline in PMI’s lacklustre performance. Singapore This month is mainly a month for dividends collection, it might have explained for many traders/investor to bail out or take their profits, which in turn, leads to decline in the value of the shares. I generally frown upon profit taking post dividends. It just doesn’t make sense at all. My portfolio is mainly affected by declines in Singtel, and some Nets-Nets. With the competition in the local market, Singtel will be in for a tough time. Unfortunately, I do not see any useful or better investment opportuniti...