Caveat Emptor

I discovered a market mispricing of a company named Tianjin Zhongxin while scouring through the internet and blogger posts. One seemingly promising pharmaceutical company dual listed in China and Singapore, apparently has arbitrage opportunity between 2 markets. I am not sophisticated enough to buy a share in Singapore, do a cross border to Hong Kong and trade it via Hong Kong stock connect to earn arbitrage profit from TJZX Shares. (Not sure if is it even allowed) Nor am I brave enough to do a proper arbitrage position by longing in Singapore and SHORTING in China Stock connect. (I believe china does not allow shorting of most shares).  Shorting is a no go for me as you incur limited profits and potential unlimited liability!!! I will not be able to execute a convergence trade strategy explained by Benjamin Graham, but there is definitely upside potential for longing TJZX SG. https://en.wikipedia.org/wiki/Convergence_trade I am going to do some research regarding

In economics, there was a widely accepted theory named the Law of one price, whereby the same good should be sold at the same prices, if you remove the transportation, for-ex and other administrative and misc costs. The popular Big Mac index is a popular illustration of this concept although its credibility is also disputed https://en.wikipedia.org/wiki/Law_of_one_price https://en.wikipedia.org/wiki/Big_Mac_Index is a so called popular Surprisingly, there is little documentation about convergence trades in academia finance, despite sharing common roots. Economics explaining why money functions and how it flows, and finance tracking its actual movements and on the practical applications. My curiosity is piqued when I was made aware of HSBC HK/ HSBC UK, TJZX China A and TJZX SG, and this recent discovery, HKL USD and HKL GBP. Theoretically, in efficient financial markets, the law of one price should hold, and triangular arbitrage should eliminate pricing anomaly. In ac

http://fifthperson.com/confessions-of-an-s-chip-ceo/ Textile companies in China (cyclical company) This story has been circulating around since April 2009 but we thought it was such a good read and contained so many valuable lessons that we decided to share it once more here. The story below is from an email purportedly written by a former S-chip CEO. If you’re not already familiar, S-chips are Chinese companies listed on the Singapore Stock Exchange and notorious for corporate scandals including embezzlement, forgery and accounting fraud. While it’s wrong to assume that all S-chips have accounting issues, this story (along with some juicy bits about KTV bars and nightclubs) reveals how innocent investors are sold the investment potential of an S-chip, invest their hard-earned money, only to later discover that the stock is worth nothing. The authenticity of this story can’t be proven but it still highlights the importance of always being on your guard against characters wh

Chew is an exciting story, abeit a boring business. This stock was in my watch list for a very long time due to its easy to understand business, impressive profit margin, low debt and good cash flow. I held off buying the stock as it had just recently divested it's chicken farm in lim chu kang, and is holding on a huge pile of cash. It's pe ratio appeared cheap but I wanted to monitor it's usage of its capital and future developments before cashing in. A monopoly in eggs in sea cucumber in Singapore counts very little as there are much more cheaper alternatives in neighbouring countries such as seng choon in Malaysia. The nature of Singapore's high land cost and poor economics for poultry rearing made its long term economics highly uncertain. Sure, dangui and codecyps eggs sound cool, but there are not a required input in most dishes, and from a cost perspective they are simply unable to compete with rivals with lower costs of production. Unfortunately, speculators ha

ETF Investment strategies by Aniket Ullal 1) Transition from traditional to emerging mindset Traditional Emerging Investment Approach Passive vs Active Trad-able beta Asset Allocation Usually by institutional and sophisticated investor Multi-asset allocation available to all Fund and security selection Undervalued stocks and 5 star mutual funds Find targeted ETF (sector-ail. Asset type, specific themes, country investing) Execution Quarterly reporting, end of day NAV Daily transparency, intra-day liquidity Transition from commission based to fee based advisory Informational advantage is no longer monopolized by specific brokers and fund managers. Research is widely available and any investors can access the same information. The supposed confidence in the expertise of brokerages and financial

Stock Name Mode Qty Avg Cost Price Total Cost Percentage ASCENDAS-ITRUST CSH 2500 1.13 ASCENDAS-ITRUST 2,812.50 20.5554540471 ASCENDAS REIT CSH 1000 2.25 ASCENDAS REIT 2,250.00 16.4443632377 HYFLUX CSH 4000 0.57 HYFLUX 2,260.00 16.5174492965 RAFFLES MEDICAL CSH 2000 1.31 RAFFLES MEDICAL 2,610.00 19.0754613557 SINGTEL CSH 1000 3.75 SINGTEL 3,750.00 27.4072720629 STI ETF (Philips) Philips DCA 1859 3.047 STI ETF (Philips) 5664.373 41.3986698337 Singtel Maybank Cust 300 3.68 Singtel 1109.19 8.1066325598 STI ETF Maybank DCA 118 3.25 STI ETF 390.16 2.8515256715 Silverlake Axis Maybank Cust 2000 0.59 Silverlake Axis 1201.21 8.7791704732 Portfolio Book Value

https://www.cheerfulegg.com/2017/06/20/nobodys-naturally-good-at-pitching/   No One Is Naturally Good At Pitching June 20, 2017 by Lionel Yeo Lots of people downplay the amount of preparation it takes to achieve something impressive. I was first introduced to this idea by Ramit Sethi in this blog post : That behind every every impressive feat lies a HUGE amount of preparation. You only see the results, but you almost never hear about the hours and hours of grunt work: Situation: Your friend lost 10kg in 3 months and looks amazing He says: “Oh I just watched my diet and exercised more” Reality: He ate chicken breast and steamed broccoli every day, hired a personal trainer, and worked out 5X a week === Situation: Your colleague gave a game-changing idea during a meeting that impressed your boss She says: “ It was just something that popped into my head!” Reality:  She spent 2 hours of pre-reading through the background material, and the last 3 days interviewin