Singapore Catalist Stock Exchange Stock List

Catalist is the transformed SESDAQ (Stock Exchange of Singapore Dealing and Automated Quotation system), SGX’s then second board. It is part of SGX’s long-term strategy to attract both small, fast-growing firms to list in Singapore. As of today, there are a total of 134 stocks data found in the Singapore Catalist Stock Exchange.

Some of these companies information can be found in Singapore Catalist Stock Exchange Listing hosted in Singapore DIRepublic. Quite useful Singapore investment directory. Hope that Main Board information will also be available there.

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Buffett reaffirmed his belief in the quality of the US credit

Markets around the globe have suffered huge falls this week. Credit ratings agency Standard and Poor’s said early on Saturday it had downgraded the US from its top AAA rating to AA+. This means American government debt is no longer one of the world’s safest investments!

While the move has been anticipated by markets since last week’s deal in Washington agreed a cut of only $2.5trillion in the deficit, it’s unclear how markets will react when they open on Monday. The loss of the top-notch rating may cause panic on the markets with traders fearing the world’s biggest economy may be heading back to recession.

In an interview, Warren Buffett told the FOX Business Network that the US is still in triple A rating. Continue reading

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Value a company solely based on earning expectation may not be accurate

To success in investment, we need to have the ability to measure the value of something and more importantly pay a lot less.

A lot of investment books may teach us how to compute the value of a company based on the sum of all of the earnings we expect to collect from that business over its lifetime. However, this is only based on guesses – something we expect on the business of the company. However, nobody really know the future of anything, not to mentione 10 years, 20 years or 30 years from now. Small changes in the calculation of future earnings will result in big different estimation of the value of a company. As such, valuation of a company only based on current earning and future expected earnings may not be accurate and meaningful!

As an investor looking for value, we may need more methods in valuing a company.

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Market is down, is it a good buy now?

The market is down for quite some time now. Recently most of the talk of the day with my friends are about the down trend of the current market.

A lot of people are panic and do not dare to buy. Everyone worried about the situation at the moment.

As in Singapore market, bargain are everywhere. A lot of counters are selling less than their NTA. Having said that, it does not guarantee a good return for short term buying. Although value investors enjoy declining markets so that they can accumulate more stocks which fit their valuation criteria. It is always difficult to invest more during this difficult period as most of our existing equity may go down with the trend too.
Continue reading

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Chuan Hup Holdings Proposed Divestment of Scomi Marine Bhd

On 30/Nov/2010, Chuan Hup Holdings Limited announced that the Company has entered into sale and purchase agreement resulted in the complete divestment of the Company’s shareholding interest in Scomi Marine Bhd.

The aggregate sum of the consideration approximately S$38,341,0601.With this transaction, assuming that the Proposed Divestment had been completed on 30 June 2010, based on the audited consolidated financial statements of the Group for the financial year ended 30 June 2010, the effect on the NTA per Share as at 30 June 2010 would be 36.35 cents.

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Investment Thought of the day

It is good to make profit – it will be much much better if the profit is higher and higher. Especially in the bull market, you will see your stock go up and up every single day. However, at certain point, we will need to sell our position to make the real profit.

I always make the wrong timing in selling my position so far – especially in this bull market. Most of the stocks I sold went up quite a lot after I sold them. This is not any good experience, although I have make some profit from it.

However, recently I realized that I may need to think the other way. I should be happy with the profit I make and should leave some profit for the people who bought the stocks from me. It will not be good feeling if the other party make a big loss after purchasing my stocks. At the end of the day, no party make any loss in the transaction!

This will be part of my investment philosophy from now on.

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Chuan Hup Holding Limited (Public, SIN:C33)

This is not so actively traded stock in SGX. It has not declared any dividend for these 2 years.

Chuan Hup Holdings Limited (“CHH”) was founded in 1970 operates as an investment holding company with investments in the following sectors:

1) Marine

  • CH Offshore Limited (listed on the Main Board of SGX-ST) 23.71%
  • Scomi Marine Berhad (“Scomi Marine”)(listed on the Main Board of Bursa Malaysia Securities) 23.19%

2) Manufacturing

  • PCI Limited (“PCI”)(listed on the Main Board of SGX-ST) 34.72%

3) Property Continue reading

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The Sarbanes-Oxley Act

In 2002, United States President Bush signed the Sarbanes-Oxley Act (SOX) into law to “re-establish investor confidence in the integrity of corporate disclosures and financial reporting”. It is named after sponsors U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley (R-OH).

The Act covers a whole range of governance issues, many covering the types of trade that are allowed within a company, with an emphasis upon keeping everything above board. For example, the Act forbids personal loans to officers and directors.
The act was brought on by a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. A variety of complex factors created the conditions and culture in which these series of large corporate frauds occurred between 2000–2002. These scandals, which cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in the nation’s securities markets. Continue reading

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Transpac Industrial Holdings Limited (Public, SIN:T55)

There is not much trading for this stock in the SGX. Most of the time, it only attracted interest from traders / investors when company declared dividend.

Transpac Industrial Holdings Limited is a Singapore-based company. The principal activity of the Company is to invest, for capital appreciation, in securities of across many industries, including financial services, consumer and industrial products, software, real estate, and health care in Asia. It has investments primarily in China, Hong Kong SAR, Taiwan, Singapore, Malaysia, Thailand and Indonesia. Continue reading

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Property as another Value Investment

Many dream to own their own home!

Property has been a popular route to wealth for many. Buying their own home is often the first investment many people make; purchasing another property may well be the second even before shares and other assets.

But why choose to invest in property rather than the other growth asset like stock? While the Stock Market offers high returns, many investors have found it to be a volatile and dangerous place. This is especially true for the non-professional investor as there are many hidden external factors that can effect a financial investment. Some of the reasons in property investment are:

  • capital growth
  • rental income
  • hedge against inflation
  • greater degree of control

Sensible investments in property have many attractions. Property can be less volatile than shares though not always and it tends to be regarded as a safe haven when other assets are declining in value.

Property investment has the potential to generate capital growth (an increase in the value of your asset) as well as rental income. Putting our money in the bank or investing in fixed interest does not give us any capital growth. Even though properties increase in value over time, however, it is important to ensure that we buy property in the right location to maximize the capital growth. In the early stages, rental incomes often do not exceed outgoings on a property – particularly the costs of servicing the loan. But as the property increases in value, rents tend to rise faster than costs and the property generates net income.

Inflation is common everywhere. The rate of inflation varies according to the strength of the economy. One of the benefits of holding property is that property values increase at a greater rate than inflation. Continue reading

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