Kenny "The Fish" (Qian Hu) quotable quotes

Love your mum equally like you would love your new mistress. Love your father equally like you will love your son.

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Talk when you know and shut-up when you do not know, but have the wisdom to see the differences!

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If the husband can close one ear at home while his wife shuts an eye when the husband is out, they will have more joy, just like the fish frolicking in water.

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During the good times, what you need to avoid is overconfidence, but in bad times you have to have confidence.

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If your children fight over your wealth when you have passed away, you are a failed parent. 

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Fish continues to swim because it does not want to be jagged.  If we do not continue to explore life, we might be dead long time ago.  We suffocated by our own fixed pattern of life.

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Sisters usually like each other because they have one woman they love: MOTHER. Brothers usually cannot get along because they love different women.

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Talk more about others' strength! Think less about others' weaknesses!

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Big fish in a small pond, or small fish in a big pond?  As long as you can survive and hardy, who cares about the size!

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Do more than what you say, better yet, do more than what you think!

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When brothers appreciate each other's strengths, they love each other. When brothers are jealous of each other's strengths, they hate each other.

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If you only stay in your toilet, you will only see your own shit!

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Mix around with Angels, you will become Angel! Mix around with Devils, you will become Devil!

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Before you learn to run a business, learn how to have humanity!

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Be humble about learning from others in the course of running the business.

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A family who does not respect its maid will not be respected.


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In order to be "UNIQUE", you must be yourself. Because there is only one "YOU" in this world!

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Professionalism without passion is nothing!


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People recognize and respect you for what you have done and what you are going to do, but never what you have said!

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Good individual will perish one day, but Good Family Values and Corporate Culture will last forever!

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If you don't want to lose your sons when they get married, start loving your parents.

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Jealousy makes you upset and learn less!

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You are not happy because you compare with the wrong person!






-end-

SRS - a quick snapshot 25 Oct

Quick overview on SRS portfolio status :-

A lucky and quick catch in this week increases the average monthly income slightly to $267.

Cash - a quick snapshot 25 Oct

A quick look into my Cash portfolio for this week :-

Nett gain in 2012 is now lower than nett gain status in 2011 because of a silly and expensive order mistake made this week. 

SRS - Closing Status 25 Oct

When SingPost share price jellied lower this week l took the opportunity to reinvest into it.  So, for this week under SRS portfolio l have invested into SingPost 12 lots.  I am prepared to keep it for passive income stream if its share price weakens further.  But l did not expect its share price to improve instead so, l have divested all of it in the same week. 

It will be posting its results soon and l am expecting its dividend rate to stays the same $0.0125 as last year for XD some time mid-Nov month.  At this dividend rate and for 12 lots, the expected dividend amount is $150 so, the profit of $144 came in only slightly lower. 

With this, l have already collected SingPost dividends in advance twice already.  I will definitely re-invest into SingPost if its share price weakens.

Portfolio walk since previous posting :-

+$3,308 Total Returns as of 19 Oct

+144 Gain on sales of SingPost

-$10 Unrealised positions worsened

+$3,442 Total Returns as of 25 Oct

previous posting :- SRS - Closing status 19 Oct

Cash - Closing Status 25 Oct

For my Cash portfolio this week, l have made silly and costly investment mistake, again.  I have wanted to re-invest into 2nd Chance 40 lots.  l was in a great hurry to attend to another urgent matter when l placed my buy order on 2nd Chance.  It was such a huge mistake as l did not aware l have wrongly placed a sell order instead and l did not even pause to review the pop-up order confirmation.  l have immediately queued to buy back at same price level but failed.  So, l bought back 40 lots at higher price a few minutes before market closed and l got poorer by $322.    

Finally managed to sell away Lee Metal 2 lots for a $6 gain.  I have waited for its share price to go lower since 8 June week in order to increase my investment in it so that l can lower the cost per unit in it.  As its share price did not weaken so l have decided to sell it away.  Based on 2nd Qtr results, even though total revenue is lower but gross profit margin improved.  No worry of higher debtor as this is probably due to higher sales in Qtr 2 comparing to Qtr 1.  Inventory has lowered and this is a very prudent decision to make as Singapore economy has weaken.  Lee Metal had decided to invest on newer machines and decommissioned older ones to expand capacity and improve productivity.  Will re-invest into Lee Metal if it is able to continue maintaining good gross profit margin, positive PBIT, strong balance sheet, etc., once its share price weakens.

Managed to get Starhub 4 lots this week when its share price was close to 4-weeks low.  I am expecting it to declare the same dividend rate of $0.05 when it goes XD around 15 Nov.  For 4 lots l will get $200 (4 lots x $0.05) as dividends if l keep my invested funds in it till XD.  But l reckon there is no need to wait till then when l can already get half of the dividends in advance now (within the same week!) as l managed to divest all of it for a gain of $99.

Also this week under Cash portfolio, l have invested into M1 5 lots when its share price was already weakens to 4-weeks low.  Its next XD is in April'13.   Investing in M1 cost lesser and hence resulting in highest dividend yield comparing to other two bigger competitors (SingTel / Starhub).    If share market tanked and its share price going lower then l will keep it for good dividends income stream.

Religare Health Trust share price yet to go higher than its IPO price level of $0.90 as there are many viewing it as a bad investment option.   l beg to differ with views that India related businesses are destined to doom.  There is an existing business trust (Indiabulls) listed in Singapore dealing primarily with commercial space and residential property in India which is giving everyone the shudders as it did not pay a single dividend since IPO in Jul'08; but starts giving out dividends for the very 1st time which XD Dec'12.  But everyone seem to forget that there is one other business trust (Ascendas India) doing quite well in India which primarily dealing with  rental of investment properties.  There are many other world class India businesses - Tata Consultancy, ITC, HDFC Bank, Bharti Airtel, Tata Motors, Sun Pharmaceutical, and many more companies.  So, for now l have invested into Religare 6 lots this week.  I will look at Religare's performance and will decide accordingly whether to include it in my so-called permanent watch list.

 

Portfolio walk since previous posting :-

+$295 Total Returns as of 19 Oct

+$105 Gains on sales of Lee Metal and Starhub

-$322 Loss on 2nd Chance investment mistake

-$129 Unrealised positions worsened

-$51 Total Returns as of 25 Oct

previous posting :- Cash - Closing Status 19 Oct

Once bitten twice shy?

I have a very bad and silly habit of entering buy and sell order in a rush just because of in a great hurry to move on to the next task in hand.  This already happened to me before, during  Cash closing status 23 Mar.  I am not as lucky as a prominent local investor, Dr Michael Leong whereby his incorrect purchase was a blessing in disguise. 

My mistake this time round is on 2^nd Chance.  Instead of placing a buy order it was executed as a sell order.  There was a pop-up trade confirmation on the sell order and l did not read it carefully!!!  If it is an incorrect buy order then at least l can still get to keep it.  But for an incorrect sell order then this is really illegal.  I have bought it back within the same day at a loss of $322.

SRS - a quick snapshot 19 Oct

A quick overview on my SRS portfolio :-

I am happy with the performance of SRS portfolio so far.   Total realized amount improved to $2,523 (2011 : $1,982) which is a realized amount of $252 per month (2011 : $165). 

Never mind the gloomy economy and political situations globally at the moment, I will continue to seek out worthy companies to invest in for my SRS portfolio.  As my preference is to have a mixture of investing based on fundamental and trading so there is always opportunity in bull, bear, choppy and sideways markets.

Perhaps next week there is opportunity to look for good candidate companies to invest in using my SRS funds.  In a weak stock market, share price will be under pressure but l reckon l will still have the courage to continue with my investment and divestment plans.

Investing into a fundamentally strong company which has moderate to good dividend payout seems sensible enough.  So, l will not really bother when its share price tanked further when l have already committed my SRS funds into this fundamentally strong and good dividend yield company.

Cash - a quick snapshot 19 Oct

Some comments on Cash portfolio performance :-

Comparing to 2011,  l am not doing well on realized amount in 2012 to-date.  Total realized amount in 2012 at $177 (2011 : $1,870) which is only $18 per month (2011 : $156).

The investment lessons costs incurred in 2012 at $7,673 were very hefty and only in the 9th month that l have finally able to recover from it.

Invested funds have reduced significantly from $71,946 in 2011 to $19,179 to-date.  This is because the whole of 2012 so far have been too many uncertainties. 

SRS - Closing Status 19 Oct

SingPost has been climbing up very slowly and steadily over the months.  I am unsure how far more will it climb further.  So, under my SRS portfolio this week l have sold off the entire 12 lots for a gain of $170.  It will be posting its results soon and l am expecting its dividend rate to stays the same $0.0125 as last year for XD some time mid-Nov month.  At this dividend rate and for 12 lots, the expected dividend amount is $150 so, the profit of $170 came in slightly higher.  I will definitely re-invest into SingPost if its price weakens.

Also under my SRS portfolio this week l have invested into 2nd Chance for 28 lots, two days before its latest financial results were released.

Initially l have intended to keep and selling it at an exit selling price for a profit to be same as dividend rate of $0.038.  But sensing that the overall share markets are generally under pressure because of disappointing earnings results so l did not hesitate giving up 2nd Chance in the same week itself.

2nd Chance is a good company to invest in.  It has a diverse business profiles - property rental, gold, wearing apparel and investment dealing.  It has succession plan in placed so there is no worry of business disruption if anyone in the management team becomes unavailable suddenly. It is not exposed to weak economic countries in the Europe and increasingly high business costs market like China. Businesses are in Singapore and Malaysia so any quick management decisions become easier and quick to execute. Its financials are not that great but l reckon companies having similar businesses as 2nd Chance will have such and almost similar financials.  After all, 2nd Chance have been around since 1975 so it is quite a stable company.

Will re-invest into 2nd Chance again when its share price weakens.

Portfolio walk since previous posting :-

+$2,533 Total Returns as of 12 Oct

+504 Gain on sales of SingPost and 2nd Chance

+$271 Unrealised positions improved

+$3,308 Total Returns as of 19 Oct

previous posting :- SRS - Closing status 12 Oct

Cash - Closing Status 19 Oct

I have invested into 2nd Chance 11 lots this week under Cash portfolio, one day before its latest financial results released.

Initially l have intended to keep and selling it at an exit selling price for a profit to be same as dividend rate of $0.038.  But sensing that the overall share markets are generally under pressure because of disappointing earnings results so l did not hesitate giving up 2nd Chance in the same week itself.

2nd Chance is a good company to invest in.  It has a diverse business profiles - property rental, gold, wearing apparel and investment dealing.  It has succession plan in placed so there is no worry of business disruption if anyone in the management team becomes unavailable suddenly. It is not exposed to weak economic countries in the Europe and increasingly high business costs market like China. Businesses are in Singapore and Malaysia so any quick management decisions become easier and quick to execute. Its financials are not that great but l reckon companies having similar businesses as 2nd Chance will have such and almost similar financials.  After all, 2nd Chance have been around since 1975 so it is quite a stable company.

Will re-invest into 2nd Chance again when its share price weakens.

Portfolio walk since previous posting :-

+$726 Total Returns as of 28 Sep

+$52 Gains on sales of 2nd Chance

-$483 Unrealised positions worsened

+$295 Total Returns as of 19 Oct

previous posting :- Cash - Closing Status 28 Sep

See you again soon, 2nd Chance

Invested into 2^nd Chance early this week using Cash and SRS funds.  I have initially wanted to set the exit selling price using the dividend rate of $0.038.  There have been some disappointing earnings results released in this week as well and because of this l have decided to divest all invested funds in 2^nd Chance in the same week itself.   XD date is likely in the 3^rd week of Dec’12 so if its share price weakens anytime from now till then so l might re-invest into it.

SRS - Closing Status 12 Oct

I have invested into SingTel 3 lots this week under SRS portfolio.  It is likely to XD on 18 Dec and am hoping the dividend rate stays the same at $0.068 which is a 2.15% yield based on the investment costs.

Portfolio walk since previous posting :-

+$2,570 Total Returns as of 28 Sep

-$37 Unrealised positions worsened

+$2,533 Total Returns as of 12 Oct

previous posting :- SRS - Closing status 28 Sep

CPF - Closing Status 12 Oct

Received CPF investment statement from the bank this week.  In the investment statement there was a $12.84 deduction on 3rd quarter service charge; and also a dividend received on Wilmar of $20.

Portfolio walk since previous posting :-

-$8,002 Total Returns as of 28 Sep

+$20 Dividends from Wilmar

-13 Quarter 3 Service Charge  

-$195 Unrealised positions worsened

-$8,189 Total Returns as of 12 Oct

previous journal :- CPF - Closing Status 28 Sep

Right Reit I Like - 5 Oct

If l have a limited funds of $10k, a decision can be made based on yield% or dividend amount expected on the right Reit stock to invest in.  I have used previous year's payout rate as a quick guide but the payout dividend rate in Oct'12/Nov'12 will definitely not stays the same.

Innotek running out of innovative ideas?

Innotek pays a dividend rate of $0.05 consistently since 2009.  But is Innotek able to keep the same dividend payout rate of $0.05 for its next XD in May'13? 

Innotek is able to maintain gross profit margin at 12% quarter on quarter.  But continuing businesses seems under severe overheads pressure.  Gross profit barely or not enough covering overheads.  Its business operations are in Hong Kong and Mainland China so l would think costs of operations will continue to burden the company heavily due to increasing inflationary pressure and competitions.

With the improvement in Sabana Reit share price and if this is maintained then Innotek is likely to reverse the provision for impairment loss.  Other than this, l do not see any growth prospect at all for full year 2012 (and 2013). 

With last done price $0.34 at almost at 52 week low so if it continues to pay dividend $0.05 then this represents a 14.71% yield.