Saturday, August 26, 2006

SGX Stockwhiz

Hei hei Members,

There is a stock trading game organise by SGX that starts next Monday!!! Yes 28th Aug! So those haven sign up for it, quick! Don't worry, you do not have to pay anything for registering and you do not have to fork out any cash for the game because you will be paper trading an account of 80k. Furthermore, you will have a chance to win cash prize either for being the weekly winner ($1000) over 8 weeks or the overall winner ($6000). For further details, go to .

Although, 8 weeks is a bit short to really invest based on "fundamentals", maybe it could give you an idea of how volatile the market can be (if you have not experience it before).

You can also practice "market timing" - buying at lows and selling at high (quite a technical aspect but if implement into fundamentals investing, it might give you a higher safety margin and slightly higher profit)

So folks, lets have fun.

Friday, August 11, 2006

China Hong

Ok, this post is back dated to last month (the follow up of previous post). Did not really have the luxury (or I should say lack of discipline) to find time to post. China Hong was always on my radar screen as it deals with sports aparrel, like the Nike of China and have over 2000 stores around China. As the Olympics will be held in China in 2008, there will definitely be a heightened passion for sports among the citizens and sales will surge.

I bought it at one of its low last month after the crash due to increase of America Fed rate. It was $1.15 then and at a very attractive valuation of PE roughly around 10. Before the crash it reached $1.76 and that was not distant past. I bought 2 lots then and sold at a price of $1.50 only 1 1/2 weeks later, making a profit of $700.

I was overwhelmed by the spike then and thought it is a good time to sell as there are lots of speculative buying then. But i make a mistake and the price never came down, it is $1.56 now and I regret the decision.

Monday, July 17, 2006

Hows everyone doing?


Its kind of quiet over here these few days, and in fact it has been a month since the last post. I was rather busy trying to adapt to working life for the past 3 weeks and so how is everyone else? Did get some cool profits from trading last week, but its not really what I advocates (long term investing). Will talk about this in my next post and will ask for your opinions on some issue. At the same time, please feel free to post if you have anything to share, have any questions to ask or any issues to discuss.

Maybe we could have an outing someday for the stock community. How keen are you, please give some response. And ya, take care!

Wednesday, June 14, 2006

Q & A from Pharmeis

This was send on 2nd Dec 2005 as I was researching on Pharmesis at that time. It might be a bit outdated but just wanted to show you few questions I ask about a company.

Dear Mr Lee,

Thank you for your time and interest in the developments of Pharmesis Group. Please find below our responses to your queries:

What is your recent developments and products and what are their significance in the market?
1. Our business operations have been normal and other than those factors reported in our 6 months announcement dated 10 August 2005 that had been detrimental to the industry and our results, there had been no other major developments to date. Nevertheless. we would like to bring to your attention several new plans and initiatives mentioned in the same report, including the launch of a couple of new products in the PRC market that have gone underway to drive our revenue growth. We will continue to update our shareholders and interested investors with further details via SGXNET announcement as and when appropriate.

What percentage of your operating cost is on R&D?
2. Our R&D based on our latest accounts indicate approximately 8% of total operating costs (excluding Selling and distribution expenses).

What percentage of your revenue is from Gansu granules?
3. Gansu constitutes approximately 30% of our total revenue for our Group based on latest accounts.

Knew that your sole right to produce Gansu granules will expire in 2006, what is the probability of getting the sole right again in 2007? What is the implication if you do not get the sole right, or any rights at all (touch wood)?
4. One of the most important pre-requisite for Pharmesis to obtain the sole right is that our Group must maintain consistent product quality with the products manufactured according to GMP standards. As both our manufacturing facilities are already GMP-certified and the quality of our products has been consistent, the Management is confident that our Group stands in good stead for re-application of the sole right, barring unforeseen circumstances.

What is your NAV for the past 5 years?
5. The NAV (in RMB cents) for the past three years from 2003 to 2005 are: 19.53, 52.57 and 53.28 respectively. The base used for computing NAV for 2003 is the pre-Invitation share capital of 150 million shares, and 200 million shares for both 2004 and 2005 (as at 30 June 2005). As the balance sheet for 2003 was prepared on the assumption that the Group structure existed as at 31 December 2003, there are no figures available for computing NAV for 2001 and 2002.

What is the percentage of earnings that are given as dividends for the past 2 yrs?
6. Building on its foundation, our Group is currently channelling (or re-investing) profits to grow its businesses in the PRC and beyond. Hence, no dividends have been distributed for the past 2 financial years. The management (or directors) will review the dividend policy from time to time but at the moment, the Group does not have a formal dividend policy.

What is your current strategy to increase shareholder value for the next 5 yrs?
7. Besides strengthening its marketing efforts in its base market in the PRC, our Group is also capitalising on opportunities to market its key products overseas. Despite the recent lacklustre market conditions and industry performance in the PRC, our Group remains vigilant and continues to realign its marketing strategies with the aim of keeping Pharmesis as a forerunner in the pharmaceutical industry. Further announcement will be made when further material information is available.

Thank you for your interest in the Company once again.
Kind regards

Thursday, June 08, 2006

Welcome to 3 New Members

Welcome Ryan, zeya and zclim8245!!! Welcome to the stock community.

Your trading journey will never be alone anymore.

Tuesday, June 06, 2006

SGX seminars in July

For those of you interested, here are some seminars presented by SGX. Do let me know if anyone is interested, perhaps we can attend them together.

* A Beginner's Guide to Securities Investment
Date: 1 July 2006 (Sat)
Time: 9am - 12.30pm
Venue: Singapore Management University (SMU),Conference Hall 1 (Level 5), Administration Building, 81 Victoria Street
Cost: S$5

* A Beginner's Guide to Effective Portfolio Management
Date: 15 July 2006 (Sat)
Time: 9am - 12.30pm
Venue: SGX Auditorium, Level 2, SGX Centre 1, 2 Shenton Way
Cost: S$22

* Reading IPO Prospectuses & Annual Reports
Date: 29 July 2006 (Sat)
Time: 9am - 12.30pm
Venue: NTUC Auditorium, No. 1 Marina Boulevard, NTUC Centre, Level 7
Cost: S$5

For details or registration, please call 1800-CALL SGX (1800-2255 749) or visit

Tuesday, May 30, 2006


The news of Las Vegas Sands getting the Marina IR bid really give a big blow to both Government Link Comapnies (GLCs), Capitaland and Keppel Land.

I shall only talk about Capitaland in this post.

Capitaland fell to $4.10 on Monday following the news of the IR bid that was release last Friday after the market closed. Based on this price, it was at a P/E ratio of only 14.5 and a discount of 19.6% compare to its high of $5.10 2 weeks ago. Does it deserve such a drop because of losing an IR resort?

Other than being short sighted and only seeing Capitaland's loss in the IR bid, these are some points you might want to consider.

1) It was at a P/E ratio of about 28 last year before the property boom this year. Valuation wise, it was half as cheap now.

2) It posted record profit last quarter.

3) Got into a Joint Venture (JV) with India's local shopping mall operator

4) Aggressively developing residential projects and acquiring shopping malls in China.

China property market is booming with 35% increase in residential property prices in Shenzhen and 15% in Beijing. However, there is a risk that China might revise its policy to curb the surge in property prices. For full details, you can look at today's Business Times.

This isn't enough for a research on the fundamentals of the company, but hope this will provide a guideline to what to research on (other than all the seemingly good points, you might also want to find out what is the risk involve in India and China market).

I will continue to post the fundamentals of Capitaland if time permits.


Welcome Yunyun and Jaedren!!! Welcome to the stock community.

Feel free to post. Would you like to introduce yourself?