Investment Notes

An interesting read on the Jardine group of companies.

http://www.businesstimes.com.sg/brunch/the-jardine-enigma

My Investment Portfolio Returns (2016)

My Singapore stock portfolio returns (including dividends, excluding transaction cost) in 2016 was about 9.75%.  Major portfolio changes this year:

  1. Divested Select Group  – The founders and Dymon Asia Private Equity made a cash offer the company at $0.525 per share.
  2. Partial sale of ARA – The founder, major shareholders, Warburg Pincus and AVIC Trust made a general offer for ARA at $1.78 a share via a share scheme.  The offer is currently ongoing.
  3. Divested iFAST Corp.
  4. Added Dairy Farm International and SGX to my portfolio this year.
  5. Adjusted my stake in some of my existing holdings.

Although challenges persist, I hope my portfolio of companies will perform satisfactorily in the long run.

Investment Notes

BreadTalk/Toast Box (and Food Republic) open at Disneytown.

http://shanghai.xinmin.cn/latest/2016/06/03/30123814.html

Investment Notes

Berkshire Hathaway – 2016 Annual Shareholders Meeting.

https://finance.yahoo.com/brklivestream/

Investment Notes

An interview with Mr John Lim, CEO of ARA Asset Management.

http://video.toggle.sg/en/series/money-week-fy1617/ep1/390116

http://video.toggle.sg/en/series/money-week-fy1617/ep2/392131

http://www.bloomberg.com/news/articles/2016-05-19/ara-on-acquisition-trail-sees-most-deal-activity-since-crisis

Investment Notes

Sheng Siong is setting up its first outlet in China.

http://yn.house.sina.com.cn/scan/2016-03-23/15096118302329629627117.shtml?wt_source=nscan_xwzw_bt

http://shenggaodacheng0871.fang.com/bbs/3410228824~-1/220827278_220827278.htm

Investment Notes

An investment thesis for SpRe.

http://greatinvestors.tv/video/case-study-singapore-reinsurance-james-choa.html

Investment Notes

A nice interview with Mr Lim Hock Chee, CEO of SSG.

http://video.toggle.sg/en/series/hear-me-out-s2/ep1/375045

My Investment Portfolio Returns (2015)

My Singapore stock portfolio returns (including dividends, excluding transaction cost) in 2015 was about -1.82%.  Major portfolio changes this year:

  1. Divested Zagro  – The Chairman/CEO of Zagro is seeking a voluntary delisting of the company at $0.30.
  2. Divested CapitaLand Mall Trust.
  3. Distribution in specie of shares of Boustead Projects by Boustead Singapore and its listing on SGX.
  4. Added 6 new companies to my portfolio this year (some are relatively small stakes): ARA, Boustead Projects, Fraser and Neave, Jardine Cycle & Carriage, SBS Transit and Select Group.
  5. Adjusted my stake in some of my existing holdings.

In 2015, some companies specific issues, like BreadTalk’s Soya Bean Milk Saga, resignation of Singpost’s CEO etc. were disappointing.

Although challenges persist, I hope my portfolio of companies will perform satisfactorily in the long run.

Investment Notes

Following the Amazon model, it is building a network of 24 warehouses in 12 countries to stockpile goods for companies. The e-commerce team is staffed with former Silicon Valley executives.

http://www.nytimes.com/2015/05/19/business/international/singpost-reinvents-for-digital-age-of-ecommerce.html