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It has been long time since I updated my portfolio position.
As you notice, KLCI plunged from all time high all the way around 70 points loss now. With latest promising figures in US, I strongly believe the hike of Fed rates should be this year.

The world is getting crazy. If I recall correctly, about 25 countries has now had quantitative easing via their rates cutting. So I believe low rates might stay, but great volatility might come very soon in coming September month. So be cautious on buying stocks prior that. I believe Sep month can be a tough market and we odd to buy more shares during that time probably.

Well, I always feel more safe building my own NWC stocks, knowing most of them are rich with cash and not highly geared.

As for latest purchase, I have bought back PMCorp. Nothing much change for this company. Yet, it plunged from 0.3 plus when I clear off them, to now only 0.20. Remind you, its net cash per shares now is around RM0.18! If this is not the most crazy deal, I don't know much to say.

Jobstreet remains stable, without much action, I believe it will continue range bounded, till further clearance on their next action plan. Another similar company abrics finally moved up.  I believe management will have announcement soon, on their next core business plan.

Bjcorp remains my greatest loss so far. But time will tell if this investment works. I continue to have faith with it knowing its ambitious plans ahead. As you notice,ILB has moved strongly recently even with so much negative sentiment in market now. Thus I continued to have faith in NWC way of investing.

I read a very god article recently in forum. I would like to share with all here

NCAV stocks that discussed on i3
I have written multiple posts on NCAV principles and introduced six (6) stocks. You may revisit them athttp://klse.i3investor.com/jsp/blog/blallpost.jsp?blid=1735.
Most, if not all, of the NCAV stocks were (are still) regarded as garbage. Disagreement followed with another disagreement. To make one's life easier, an individual is likely to give up independent thinking process, follow the crowd, and enjoy the cradle.
There is no option for value investors. You have to bite your lips and believe that the Lord (including Benjamin Graham) agrees with the outcome of your sound analysis. 
This post provides an evidence: whether NCAV portfolios are blessed even though the study period is short.
Trailing performance of the NCAV stocks
In 2015, KLSE Composite Index dropped 14 points or 0.01% to1,747 as at 31 May 2015.
Speculators say it is a bearish market and not a good time for investment. Mark their word. They meant to say that speculators should avoid trading now.
In contrast, NCAV hunters take advantage of Mr. Market by reaping mispricing opportunities.
How far have the NCAV stocks (on i3) worked?
To ease our illustration, we make two (2) assumptions:
1. The six NCAV stocks are split into two groups. Stocks in the first and second groups were acquired at 0.67x and 0.75x of their NCAV respectively.
2. Buy-and-hold strategy is implemented. An exception is the disposal of Wingtm on 6 May 2015.
From the table above, there are two (2) key take-aways:
1. The NCAV portfolios have generated positive returns. They outperformed the broad market average by at least 20 percentage points.
2. Portfolio 1 that built upon Graham's original entry point (0.67x of NCAV) has generated greater returns than Portfolio 2. Its excess return is mainly attributed to deeper margin of safety that acquired by Portfolio 1 .  
Side (delicious) dish: unexpected surprises
During low time, you find many NCAV stocks out there.
Low time is also the best time for corporate exercises: acquisition, take-over, merger, privatisation, buy-out, capital reduction, etc.
In 2015, few NCAV stocks that happened to undertake corporate exercise include (1) Samudra, (2) Mulphal, (3) Plenitude, and (4) ECM.
Sound like hitting a jackpot? Yes, it indeed is.
Shareholders to exploit NCAV stocks
Graham's NCAV approach enables value investors to identify companies that are terribly cheap.
Exploration has just got the job half done. Another half requires one to inform the managements to stay on guard as the company's $1 worth of assets can be bought for just 50 cents.
I sent an open letter to KPSCB management and shared with fellow i3 members yesterday.
I thank the members for sharing their view efficiently. They have helped me to realize that most shareholders are unaware of their role in shaping corporate governance.
Graham seems to apprehend this phenomenon before us:
"...managements have always insisted that they have no responsibility of any kind for what happens to the market value of their shares. It is true, of course... But it is only the lack of alertness and intelligence among the rank and file of shareholders that permits this immunity to extend to the entire realm of market quotations, including the permanent establishment of a depreciated and unsatisfactory price level. Good managments produce a good average market price, and bad managements produce bad market prices."
 
 http://networkingcapital.blogspot.com
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