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.