Singapore Stocks Sharing

All information is just for sharing on https://spore-share.com or https://spore-share.blogspot.com (Trade/Invest base on your own decision). Thank You! For trading, be firmed in executing your stop loss strategy. Also don’t be too eager to take profit to early. Let your profit run. For Investing it is good to read up and educate yourself to know the basic financial analysis. Learn how to identify good company to invest . Pick those company/counter that you are familiar with their business.

Wednesday, June 21, 2023

CapitaLand Integrated Commercial Trust

I think gd pivot entry point is back!

At 1.94, yield is about 5.45% for this blue chips index reit counter looks rather interesting!

NAV 2.11.

Not a call to buy or sell!

Please dyodd.

CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2022. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust (CCT).

CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purposes, located predominantly in Singapore. As the largest proxy for Singapore commercial real estate, CICT’s portfolio comprises 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$24.2 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2022.

CICT is managed by CapitaLand Integrated Commercial Trust Management Limited, a wholly owned subsidiary of CapitaLand Investment Limited (CLI), a leading global real estate investment manager with a strong Asia foothold.

Chart wise, bearish mode!

Likely to go down to revist 1.87 then 1.80.

Please do your own due diligence!

This is the biggest reit listed on local exchange!

NAV of 2.12.

Yearly dividend of 10.58 cents! Yield is 5 4% at 1.95.

Overall occupancy rate of 95.8% seems quite gd!

Gearing is a little bit high at 40.4%.

I think gd pivot entry point is at about 1.87. Yield would be about 5.65%.

Not a call to buy or sell!

Wilmar Int'l

Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange.

At the core of Wilmar’s strategy is an integrated agribusiness model that encompasses the entire value chain of the agricultural commodity business, from cultivation and milling of palm oil and sugarcane, to processing, branding and distribution of a wide range of edible food products in consumer, medium and bulk packaging, animal feeds and industrial agri-products such as oleochemicals and biodiesel. It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions. Through scale, integration and the logistical advantages of its business model, Wilmar is able to extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies.

Supported by a multinational workforce of about 100,000 people, Wilmar embraces sustainability in its global operations, supply chain and communities.

An Expanding Global Footprint:

From its humble beginnings, Wilmar has today become a global leader in processing and merchandising of edible oils, oilseed crushing, sugar merchandising, milling and refining, production of oleochemicals, specialty fats, palm biodiesel, flour milling, rice milling and consumer pack oils:

Largest edible oils refiner, specialty fats and oleochemicals manufacturer as well as leading oilseed crusher, producer of consumer pack oils, flour and rice and one of the largest flour and rice millers in China
One of the largest oil palm plantation owners and the largest palm oil refiner and palm kernel and copra crusher, specialty fats, oleochemicals and biodiesel manufacturer in Indonesia and Malaysia
Largest producer of branded consumer pack oils in Indonesia
Largest branded consumer pack oils, specialty fats and oleochemicals producer and edible oils refiner as well as leading oilseed crusher, sugar miller, refiner and ethanol producer in India
One of the largest investors in oil palm plantations, one of the largest edible oils refiners and producers of consumer pack oils, soaps and detergents as well as third largest sugar producer in Africa
Largest raw sugar producer and refiner, a leading merchandiser of consumer brands in sugar and sweetener market and largest manufacturer of bread, spreads and sauces in Australia
Leading refiner of tropical oils in Europe.

First quarter 2023 Financial No. update :

The Group reported net profit of US$391.4 million and core net profit of US$381.9 million for the quarter, with stronger sales volume recorded in both Food Products and Feed & Industrial Products segments. Excluding the gain on dilution of interest in Adani Wilmar Limited of US$175.6 million recognised in 1Q2022, the Group reported a growth in net profit of 10.3%, while core net profit grew by 16.5% during the quarter.

Despite the challenging operating conditions, the Group managed to deliver a satisfactory set of results for 1Q2023. Higher volume of sales was achieved across all businesses. Sugar milling and merchandising did well with higher sugar prices. Oilseed crushing did better due to higher volume and good coverage of raw materials. Food Products segment saw an overall increase in volume of sales, largely due to higher medium pack and bulk products sales, particularly in China. Plantation profit was reasonable even though palm oil prices came down significantly from the peak. Shipping performed well but palm oil refining margin was poor.

Cash Flow & Balance Sheet The stable performance for the quarter led the Group to generate higher operating cash flows before working capital changes of US$756.1 million. With the decline in commodity prices and seasonal reduction in overall inventory balance during the quarter, working capital requirements for the Group decreased accordingly, leading to lower net debt of US$17.27 billion as of 31 March 2023 (31 December 2022: US$18.75 billion). Consequently, net gearing ratio for the Group improved to 0.84x as of March 2023 (FY2022: 0.94x). This led to the Group generating strong cash inflow from operating activities of US$2.17 billion in 1Q2023. At the end of the reporting period, the Group had unutilised banking facilities amounting to US$26.32 billion.

Outlook Results for the quarter ended 31 March 2023 were satisfactory, despite the uncertain macro-economic outlook at the start of the year. With our diversified and integrated business strategies, we are cautiously optimistic that performance for the rest of the year will remain satisfactory.

The company paid out Final dividend of 11 cents + interim dividend of 6 cents, total 17 cents for FY 2022. The current share price is $3.97, yield is about 4.28% of which I think is quite a decent yield!

Chart wise, bearish mode!

She may likely continue to trend lower!

Short term wise, I think likely to go down to test 3.90.

Breaking down of 3.90 plus high volume that may likely see her falling down further towards 3.75 then 3.46 level.

Please dyodd.

NU

Indeed she has risen up to reclaim 7.68 looks rather bullish!

I think likely to rise further to test 8.00 soon! Pls dyodd.

Chart wise, bullish mode!

I think likely to rise up to restest the recent high of 7.68.

A nice breakout smoothly plus high volume that may likely drive the price higher towards 8.00 then 8.50 level.

Not a call to buy or sell.

Please dyodd.

Nu Holdings Ltd is a Brazil-based company that provides a digital banking platform.

The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting. Its spending solutions are designed to help customers pay for goods and services in their everyday lives with a customized credit line or instantly through a mobile phone, while collecting loyalty points and rewards on applicable transactions.

Its savings solutions are designed to help customers deposit, manage and save their money in interest-earning accounts with complementary debit cards. Its investing solutions are designed to help customers invest their money in investment products and services.

Its borrowing solutions are designed to provide customers with unsecured loans that are easy to receive, manage and pay back.

Its NuInsurance protecting solutions are designed to help customers secure life insurance etc. Quote : (cnbc.com)

OCBC

It looks like market is not in fav of the recent buying of additional share from their subsidiary company! The price has been drifting lower!

I think she may go down to test 12.40 again!

Pls dyodd.

Today it has a nice Gap up moment plus closed well at 12.65 coupled with high volume this is rather positive!

Likely to continue to trend higher!

Short term wise, I think likely to test 12.78 then 12.90.

Please dyodd.

Chart wise, it is still stucked in a consolidation mode! It will need to over the immediate resistance at 12.53.

A nice breakout of 12.53 smoothly may likely drive the price higher towards 12.90 then 13.00.

Yield is about 5.22% at 12.43 seems quite gd!

Pls dyodd.

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 420 branches and representative offices in 19 countries and regions. These include over 190 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 60 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.

Yearly dividend of about 0.65 to 0.68.

Current Price of 12.23, yield is about 5.31% /5.5%.

P/B is slightly above 1.

The dividend yield is above 5% which is considered good!

Chart wise, it is trading in a consolidation mode!

Waiting for the next catalyst to drive the price higher.

Looking at the chart we can see some buying interest with huge volume transacted on certain day which is rather interesting!

Will it repeat the same price patterns!

We will know the answer in next few trading sessions!

Pls dyodd.

Tuesday, June 20, 2023

CapitaLand Ascendas Reit

Awesome, she has manged to reclaim 2.74 looks rather bullish !

Likely to rise up to test 2.80 then 2.83.

Pls dyodd.

She is slowly climbing up!

If she can recalim 2.74 smoothly we may likely see her moving further up to test 2.80!

Pls dyodd.

Chart wise,she has been driven to an oversold territory!

At 2.64, yield is at 5.9% . Estimating yearly dividend of 15.7 cents.

NAV 2.37.Gearing below 40%.

FY 2023 results:

CapitaLand Ascendas REIT (CLAR), formerly known as Ascendas Real Estate Investment Trust, is Singapore’s first and largest listed business space and industrial Real Estate Investment Trust (REIT). It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002.

It has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets. It owns properties across three key segments, namely, 1) Business Space and Life Sciences, 2) Logistics, and 3) Industrial and Data Centres in the developed markets of Singapore, Australia, the United States and the United Kingdom/Europe.

CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of ‘A3’ by Moody’s Investors Services.

Aims Apac Reit

Don't forget tomorrow last day to apply PO at 1.189.

I entered a bit at 1.18 and locked in profit at 1.22.

NAV is about 1.35.

Yield is about 7.3%

Chart wise, she is still stuck in a bearish mode!

Not a call to buy or sell!

Please dyodd.

PayPal

Chart wise, bullish mode!

Likely to continue to trend higher!

Short term wise, I think she is rising up to test 70.00.

A nice breakout of 70 smoothly plus good volume that may drive the price higher towards 75 then 80.

Please dyodd.

Shaping the future of digital payments.

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in more than 200 markets to join and thrive in the global economy.

Daiwa Hse Log Tr (SGX: DHLU)

Wah, breakout of 0.60 , awesome!
Short term wise, I think she is rising up to test 0.65 then 0.70-0.71.
Huat ah! Please dyodd.

Chart wise, bullish mode!
A nice breaking out of 0.595 plus high volume she may likely rise up to test 0.65.

Yearly dividend of 5.22 cents. Yield is 8.8%. Low gearing, wale is 6.9 years. I think it is trading at a great value price level of 0.59.
Not a call to buy or sell!
Pls dyodd.

Daiwa House Logistics Trust (DHLT) is a Singapore real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The REIT is established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing logistics and industrial real estate assets located across Asia. DHLT’s investment focus will be to invest in logistics and industrial real estate assets in Asia, in particular, within Japan as well as in the ASEAN region.
DHLT’s key objectives are to provide Unitholders with regular and stable distributions, and to achieve long-term growth in DPU and net asset value per Unit, while maintaining an optimal capital structure and strengthening the portfolio in scale and quality.
DHLT is managed by Daiwa House Asset Management Asia Pte. Ltd., a wholly-owned subsidiary of the Sponsor, Daiwa House Industry Co., Ltd., a leading real estate player in Japan.

Occupancy % rate of 98.6. Gearing 36.2%. Wale 6.9 years. First quarter Distributable Income increased 2.5% to 9.1m.
Yearly dividend of 5.22 cents( half yearly basis ) . Yield is 9% base on current price of 0.58.
NAV of 0.77 .

It looks like a gem for this Logistics reit focusing in Japan of which was being sold down due to high interest rate situation.
I think gd value is presenting at the current price level!
Pls dyodd.

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How To Work Out Free Cashflow

Let us work out the Free cash flow for StarHub base on their financial result for 2018.

As can be seen from their Cash Flow statement for FY2018, Ops cash flow after working capital changes is $446.6m.

FCF = $446.6m less CAPEX of $ 272.8m = $ 173.7m.

Dividend of about 9 cents (2.25 cents x 4) to be paid out for Y2019 is about 1,730,698,702 shares X $90 , which is about $155.76m.

It looks like the FCF of $173.7m less dividend of 9 cents to be paid in Y2019 of $155.76m,we have a positive FCF of $17.94m.

However, if we take a look at the Bank loan to be paid up in one year is $50.1m.

Therefore, I think the balance of FCF of 17.94 is not sufficient to cover the bank loan $50.1m beside the interest to be payable for the remaining bank loans + perpetual notes etc.

The group net debts level is quite high at 1.52x.

This is just my observation base on the financial figures being extracted from the FY2018 statement.

This is just for sharing and not a call to buy or sell for this counter.

It is good to do you own analysis.

Investment Stocks Metrics

Don't read too much into news and affect your investment decision!

Below is the investment method./strategy that has worked well for me so far. I will only add to my position if the share price has dropped about 10% lower than my average holding price or recently added price. If the fall is less than that usually I will just sit on the shares and do nothing. This is assuming the fundamentals of the underlying business has not changed.

For others , you may also consider to have a bigger percentage of more than 10%, may be 15-20% if this works well for you.

I suppose this kind of disciplined approach also works for a non-leveraged portfolio. A 10% drop before adding on to position is reasonable especially if the shares were recently bought in and the value investor has already done his due diligence to buy in at a sensible fair price.

Usually, it is difficult for share prices of a fundamentally good business with strong growth prospects to drop by too large a magnitude.

If share price drops more than 10% from one's average holding price, then the investor must really ask the critical question whether his average holding price was bought too high due to him making a wrong assessment of the business's fair share price he has entered? Or is it suggestive that a bear market is coming and a lot of other shares have also fallen by at least 10% off their recent highest price reached and prices seem to display even more falling momentum? Or is there something inherently wrong with the fundamentals of the business that the investor did not pick up in his initial assessment before he entered the stock? Or is it a temporary issue that the business is facing which will cause a temporary deterioration in business fundamentals but it should recover in due time.

Below are the list of counters that I am monitoring:

NOT A CALL TO BUY or sell.

Please do your due diligence.

Jardine Matheson Holdings

2. Haw Par Corporation

3. DBS

4. OCBC

5. Nordic

6. Riverstone Holdings

7. Top Glove Holdings

8. Micro Mechanics

9. Ascendas REIT

10. Parkway Life REIT

11. First REIT

12. CapitaCommercial Trust

13. Mapletree Commercial Tust

14. CapitaLand Mall Trust

15. Suntec REIT

16. Raffles Medical Group

17. UOI

18. Sheng Siong

19. Wilmar

20.Food Empire

21. Sunningdale

22. ST Engineering

23. SATS

During times of volatility, seasoned investors has to practice staying calm and stick to the basics instead on being overdue panic.

Please do you own due diligence.

Opening Of A Securities Trading Account

Opening of a Security Trading Account

Any member of the public who wishes to trade/buy any stock counters listed on the Singapore Exchange will need to open a Brokerage trading securities account with any of the registered Securities Brokering Companies in Singapore.

Once the member has successfully registered their trading account with the registered Securities Brokering Company in Singapore they will then be issued with the approve Trading securities account number to perform trading of share /stock counter on Singapore Exchange(SGX).

This Trading securities account number will then be linked to their CDP (The Central Depository) account number for the settlement of their payment/deposit and withdrawal of securities etc.

Brokerage fees:

Generally the brokerage fees for example for trding via online are as follows :

Contract Size	Rates*	Effective Rates* (Less 3 to 5% Mileage)
Minimum $25		$23.75
Up to $50,000	0.28%	0.266%
> $50,000 - $100,000	0.22%	0.209%
> $100,000	0.18%	0.171%

For more details kindly refer to my blog post - Opening of a Security Trading Account

Position Sizing and How Much Share To Buy

Position Sizing - it plays an important role of protecting the trader for being over exposed to a particular trade by minimizing the risk .

The percentage (%) of risk can be measure in terms of 1-5 or 6-10 % that you can afford to loss for each trade.

How to work out the maximum quantity for each trade that depends of each an individual risk tolerance level.

For example, person A can only tolerate a loss of 3% for each trade.

Let's say he has $10000 as capital. 3% risk appetite.

The formula is roughly as follow:-

10000 x 3% ( risk per trade - 1-10%)
--------------------------------------------
Entry Price less Cut Loss price

= 300
--------------------------
$1.00(EP) - $0.95(SL)

300
= ------- = 6000 share.
0.05

Person A capital for his /her trade is 6000 x $1.00 = $6000

For example , person B risk appetite is 5%.

let's say he or she has $12000 as capital , 5% risk exposure.

The formula is roughly as follows:-

12000 x 5% (% risk per trade)
-------------------------------------
$1.10(EP) less $1.01(SL)

600
= ---------
0.09

= 6600 share.

Person B, he/she capital for this trade would be 6600 x $1.10 = $7260

The above example is meant for educational illustration and is not an advice or recommendation for any particular stock trading.

Pls dyodd.

InvestingNote Interview

Sporeshare is one of InvestingNote’s most reputable member in IN Member’s Ranking with more than 1000+ followers, specialising in technical analysis. He owns a blog, http://sporeshare.blogspot.com. Till date, he has created many educational post and investment ideas and spurred discussions on InvestingNote platform. This is Episode 8.https://www.investingnote.com/posts/1041004 Tell us more about yourself and how did you get started in investing or trading? I would say is basically due to the launch of Singapore Telecom or SingTel IPO share for all Singaporean at a special offer price in Nov 1993. I started to apply and open an securities account with one the brokerage house and doing basically known as “tikam” investing - usually based on tips from broker or friends or colleagues. What type of trader or investor would you say you are? Swing trader. Based on the chart patterns presented at a particular point of time. A Swing trade can be a continual process and go into a Trend/Position trade at a longer term perspective. A bullish uptrend chart patterns may continue to rise further after taking a short pause/breather. Overtime, it may drag into a period of 3 to 6 months for a nice trading position. What are your best investment and worst investment since you started investing? The best investment would be Keppel Corp & Sembcorp Ind of which has been able to make a nice profit. We can always enter and exit the same counter several times and yet we are still able to make profit again and again. The worst investment would be Noble Group. Don’t fall in love with any counter. It is important to stick to your trading or investing plan and when the time has come to cut loss, we shouldn’t be hesitated to do it. It is also important to educate ourselves with basic Financial Analysis such as knowing the financial health of the company that we are dealing with. Do you have an idol in investing or trading? If so, what’s the most memorable teaching from them? I would say some of the IN users are very helpful in parting their investing knowledge and idea. Particularly, JeremyOwtaip & Turtle_Investor. I have been able to pick up some investing ideas from them. Do you have any rules to stock picking? Yes. For trading, I would not touch ultra-penny counter that is trading below S$0.20. Ideally, would be at least S$0.40 – S$0.50. In trading , we would enter a trade only when the market confirm the setup is being activated/triggered. Do not anticipate and wait till market to confirm your opinion . It is ok to be a little bit late in a trade, it is ultra important or assurance that your opinion is correct. Patience is key in trading in order to win the trade. Can you share with us what is your current portfolio allocation? I I am having 45% in equities, 15% in Bond and 40% cash. What do you think of the current market conditions in Singapore right now? Current market is being clouded by the trade war issue. Short term uncertainties is causing the market to be swayed more towards the Bear territories. STI has corrected from the High of 3600 to the current level of about 3100 – 3200 level. It is now hovering in a CRITCAL situation. If it not able to hold up well above 3100 level then it may likely go further down to test 3000 level . Unless, it is able to stage a strong recovery and rise above 3250 level in order to reverse this down trend. Which industry and sectors are you currently looking at and why? I am looking at Oil & Gas sector that has seen oil prices rises from below $20 to a high of $70 level. It is forecasting that oil prices may rise back to $100. Bullish on O&G sector. REITs counters may also form a good dividend income portfolio even during market uncertainties as it is able to continue to give out stable Distribution per unit. Not really affected much by rising interest rate hike.. Also Bank counter may benefit for an interest rate rising environment as their revenue rise in tandem. Feel free to visit my blog at https://sporeshare.blogspot.com/... What is your day to day strategy towards investing or trading? Do you implement a top-down or bottom-up approach for stock picking? Only trade when the trading opportunity arise. It applies to both approach. It is very important to work out your trading position / target for a particular counters by working out the Entry Price, Stop Loss price, Target Price, Position Sizing to work out the maximum no of share to buy in advance while waiting for the market to confirm your opinion. Do not trade without a proper plan.. How do you manage your portfolio, passively or actively and elaborate on it? You may keep track of your total portfolio either using a excel spreadsheet or by relying on the brokerage house trading system to manage your total no. of counters at any one time. If you can go back in time to change one mistake about your investing/trading journey, what would it be? For trading, be firmed in executing your stop loss strategy. Also don’t be too eager to take profit to early. Let your profit run. For Investing it is good to read up and educate yourself to know the basic financial analysis. Learn how to identify good company to invest . Pick those company/counter that you are familiar with their business. Buy only those counter that is trading below its Fair value etc.. Also what advice would you give to new traders or investors? It is very important to equip and educate ourselves with the Trading or investing knowledge. Don’t rely on tips! Ensure we have a proper plan in place whenever we enter a trade. Don’t speculate and trade without knowing what you are trying to achieve. – Sporeshare currently has more than 1,000 followers and provide many accurate stock estimates. Follow him to get the latest updates and educational posts on the Singapore stock market. For more juicy analysis and personal stories by other financial influencers,

Stocks Trading And Investing Idea

I happen to see these comments appearing on one of the forum and I think is a good way to share! Quote: The ability to LOON until the stock makes its U-Turn and come back up to erase all your paper loss is closely intertwined with the size of your reserve army. The bigger your reserve army, the stronger your ability to LOON. And the size of your reserve army is in turn tied to whether you did overtrade. When you trade with a cash account, once you have used up all your capital, you stop buying. You pay for your shares and sit out the rest of the downturn and patiently wait for the stock to find its bottom, U-Turn, and come back up to your entry price. That' s if you stop buying. But if you didnt stop buying...you continued to do contra trades after you ran out of capital, that' s overtrading. If the stock does not find its bottom and U-Turn within the contra period, you will have to cut and take the loss. When you trade with a CFD account, observe your one-third rule. Use the 1st one-third of your capital to open positions. Open wisely based on best prices under best conditions, not carelessly buy thinking that you still have two-thirds of your army. Treat your troops with respect. Treat them like they are your brothers. You wont risk your brothers' lives and send them on a suicide mission, will you? Ofcoz not. So when you start buying with your 1st one-third of your army, buy under best prices and best conditions using your indicators and doing the best you can. If wrong and your 1st one-third is stuck, you can do nothing and watch first. Wait for the selling to stop. Then use your 2nd one-third of your troops to nibble slowly to average down (or average up if you are SHORTing). Bear in mind that your 2nd one-third of your troops has another function --- to pay com and daily interest plus to buffer paper loss for your stuck positions. You should never touch your last one-third to average down (or up) when the market is still falling. You need that last one-third to give you that security blanket and confidence to weather out any further downside. It is this last one-third of your reserve army which enables you to sleep well each night and get on with your life. When the U-Turn comes, you can either do nothing and let the rising tide erase your paper loss first. When enough troops are converted from paper loss to Avaliable To Deal, you can use those converted troops to add more positions. Or if you are aggressive, you can use some of your last one-third of reserve troops to add more positions to ride on the recovery. How much of the last one-third reserve troops you can use --- there is no hard and fast rule. The more aggressive and more risk-seeking you are, the more you can use. The more conservative and more risk-averse you are, the lesser you can use. Or even not use at all. It all depends on your trading experience, your trading philosophy, your appetite for risk and your hunger for adventure. With that, I leave you with these quotations.... " A pessimist sees risks in times of certainty. An optimist sees opportunities in times of uncertainty." " Be fearful when others are greedy. Be greedy when others are fearful." " The best time to buy stocks is when there is blood-letting on the streets, even if it is your own blood." " When the enemy presents you with an opening, move in and penetrate immediately." Below is my comments: It only apply to Blue chips and the company fundamental is still ok. Cannot use it to apply any other counters and esp penny and ultra penny counter . Sometimes we didn't see them recover. So pls trade within your own financial means ! Do not borrow or on high margin to play stock .I think You may get into serious trouble .. trade with extra cautious!

Contracts For Difference (CFD)

Contracts for difference (CFDs) provide a flexible way to trade on the price movements of thousands of global financial products such as Shares, indices, commodities, Forex /foreign curriencies etc.

When you trade using CFDs, you don’t buy or sell the underlying asset (e.g. a physical share), you buy or sell a number of units, depending on whether you think a product’s price will go up or down. For every point the price moves in your favour, you gain multiples of the number of units you have bought or sold. For every point the price moves against you, you will make a loss. Please remember this loss can exceed your deposits.

Some of the benefits of CFD trading are that you can trade on margin, you can go short (sell) if you think the price will go down, and you can use CFDs to hedge an existing physical portfolio.

For more details kindly refer to my blog post - Contracts for difference(CFD)

STI ETF

I think good investing does not require too many fanciful ideas and strategies. Just one simple no-brainer strategy that can work effectively through time and allow us to sit back and relax to enjoyr the reward of the investment that is working effortlessly to achieve our investment goal of getting 8-10% gain( passive income). This simple strategy is to invest in a low cost ETF( Exchange Traded Fund) such as the STI ETF (ES3.SI) or NIKKO AM STI ETF(G3B.SI) This method of operation is to buy into STI ETF whenever it is in an oversold condition and to sell off and take profits whenever it is in an overbought condition. For example, one may use the indicator such as the Relative Strength Index (RSI) to determine overbought ( above 70 ) or oversold condition( below 30). One may plan to buy and selling of units in several batches whenever in oversold or overbought conditions in order to get the best average price. For example you may plan to buy in at different interval or whenever the Oversold situation happen . In any one year, there will be three to four such window opportunities of overbought or oversold conditions to operate by buying or selling units of the ETF. At the same time, we can also kept some units always to receive dividend income and for their long term growth in price appreciation. With discipline and patience , one should be able to get good average returns per year in excess of certain % by this one simple strategy of investing in one single ETF .I think This simple one strategy is safe and allow one to sleep soundly at night without worry of negative news affecting individual stocks in one's portfolio which could crash the share price of the particular stock the next day. This is because even if one or two of the component stocks in STI ETF of blue chips should collapse in share prices, there will be 28 others to diversify away the risk of the entire portfolio collapsing at anytime. As for younger folks who just started out working and does not have enough cashflows and savings , one may start to spread out the different batch of buying or applying the Dollar-cost-averaging method by investing $1000 at 6-8 different batches that would be able to achieve lower average costs per unit. the example are as follows:- 1. When the index price is $2.00, your $1000 will be able to buy 500 shares. 2. When the index price is $2.50, your $1000 will be able to buy 400 shares 3. When the index price is $2.90, your $1000 will be able to buy 344 shares 4. When the index price is $1.66, your $1000 will be able to buy 625 shares 5. When the index price is $3.00, your $1000 will be able to buy 333 shares 6. When the index price is $3.20, your $1000 will be able to buy 312 shares 7. When the index price is $3.50, your $1000 will be able to buy 285 shares Total = $7000 / 2799 shares = $ 2.50 average cost per unit. By using this method, you will be able to make a profit once the stock market rises above this low average price. RSP : Just sharing. Not a call to buy or sell. Please do your own due diligence.

Corporate Bonds

The recent stock market volatility may be a good time for investor to consider a perpetual bond that provide good decent yields from a high quality issuers which currently offers yields of between 3.8% to 5.25 % per annum. Payable half yearly.

With fairly guidance from the Federal Reserve despite the first rate hike in nearly 10 years,interest rates (and bank deposit rates) have not been rising as quickly as investors may have liked. For those looking for a decent level of yield from a high quality issuer, the perpetual bonds issued by the above-mentioned issuers may be an option to lock in for defensive play/fixed income yield.

For more details kindly check this out on Bond counters

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