Wednesday, February 6, 2013

This is worth a read

This piece by Kenneth Fisher is worth a read. He talks about why he thinks the bull run has still got legs and what are his US stock picks for 2013.

Separately, the share price of Wilmar has fallen 10 cents and this has caused me some regret as to why I did not buy Petra, which has risen by the same amount. 

Monday, February 4, 2013

Wilmar or Petra

I am going to work soon but by the end of the day, I might have two more lots of either Petra Foods or Wilmar International. If I were to buy Petra, I would overweight my position in one stock with limited price upside.  However, I would more or less get back some cash in the form of dividend (I think). For Wilmar, I foresee price upside but the question is how long must I wait and that there are no dividends (or very few) every half year.


I bought 2 lots of Wilmar at SGD 3.88 and that means about SGD 500 in free cash left.

Sunday, February 3, 2013

End-January Update

I was way off in my prediction for the the Punngol East By election 2013. The Worker's Party Lee Lilian overcame the People's Action Party's Dr Koh Poh Koon by slightly more than 10% of total valid votes. That was not the reason I was away for a while. For the past 2-3 weeks, I was called away and thus could not find the time to blog my thoughts nor could I access terminals to make any investments.

Back on my computer and my spreadsheet for tracking returns, I was pleasantly surprised that my total portfolio (including cash of around SGD 8,303) increased 14% compared to the STI 4%. This was due largely to news that Sam Goi was on board Etika International and that the monies raised from the earlier placement would be used for expansion plan. Follow the money.

Stocks that have fallen into my radar are Wilmar International, RH Petrogas and SingPost. I see Wilmar International as a short term sentiment play. The consensus is that this is not a SGD 4.00 stock but somewhere close to SGD 5.00. It has taken quite a beating the past few months due to weaker-than-expected margins. RH Petrogas is a small and illiquid stock which markets itself as the only pure upstream stock on the SGX. I feel that there is upside for this stock to SGD 0.80 but it might just be due to slow bid up. SingPost, well, is just the usual dividend play.