Sing In Thai: February 2021

Monday, February 8, 2021

Personal Update

Was asked to relocated to near Pattaya area, hence I am inactive for the past few months as I was busy with the new project and making myself comfortable with the newly rented apartment. Will be slowly updating my trips since November 2020 till date.

A crazy 2020 and a fabulous start for 2021. Within the first 2 weeks of 2021, the overall profit & loss for my portfolio made a 180 degree turn from loss to profit.

Overall P&L till date

Reduced holdings to ten as I would like to be more focus and not diversify too much.

Danaos Corporation (43.9%)

I am heavily vested in Danaos Corporation as we might finally be entering a supercycle for containerships.

1) ZIM IPO, DAC holds around 10.2% of ZIM equity before IPO

2) Increase in containership chartered rate

3) Increase in asset valuation due to increase in containership charter rate

4) Improve in debt reduction due to the above and it might finally start paying dividend

5) Price / NAV below 1

6) PE below 10

Watch out for earnings report soon.

China Everbright (19.41%)

Reinvested in China Everbright as I am building up a less volatile portfolio to prepare for my ten years retirement plan. If you believe in the China story, you should see where I am coming from.

1) Water is essential, all these projects are like small streams of water eventually forming a never-ending flow of cash. Then again, remember we should never forget about Perennial Real Estate Holdings, delist before its project start earning money.

2) Price / NAV below 1

3) PE below 10

Sri Trang-Agro Industry (10.38%)

There are enough people talking about STA in Singapore, hence I will keep it short.

1) It is not a pure glove company, it is a rubber company. Know the difference.

2) STGT to be listed on SGX the second half of 2021.

3) Ask yourself whether you believe covid will end anytime soon.

Ring Energy Inc (8.57%)

Bought back in 2020 at the same time as DAC to hedge for recovery when covid is over. DAC & REI are the only two companies that met my criteria.

1) Its hedge against oil price will help offset any near term oil price volatility

2) It restarted its drilling program, would provide more cash flow if oil price continue to rise

3) Price / NAV below 1

4) PE below 10

Something is moving its share price these days.

Medtec International (7.44%)

Its result will speak for itself. Please ask yourself whether you believe covid will end anytime soon.

Seroja Inv

This is a cigar butt play, three more months before I collect back my capital plus profit. Pray they just distribute and not do stunt.

The rest are insignificant.

Disclaimer: Shared opinion on this blog is not to be treated as investment advice to the readers. Please do your own due diligence and consider your financial goals before investing.

Hua Hin Vacation Trip (November 2020) Part 1

Wifey Birthday Trip to Hua Hin

Some background story, wifey and I first met each other in Hua Hin. Therefore, we tend to visit Hua Hin every now and then. Hua Hin is a seaside resort on the Gulf of Thailand, in the southern Thai province of Prachuap Khiri Khan. The Thai royal family built summer palaces here and it got famous. Wifey and I preferred Hua Hin over Pattaya as it is less well known by tourist.

Map from Google to give you an idea where it is.

Usually people will stay near the beach, especially Hua Hin Beach.

So are you a dog or a cat?

Bought and wrapped up some present for wifey's birthday before the trip.

There are various ways you can get to Hua Hin, either by bus, van, train or by plane. As we stayed near Rangsit, we chose to take the van at the Van Station Rangsit opposite Future Park mall. Language is not a problem these days with google translate available at your finger tip. Simply walk up and say where you are going. For this instances, simply repeat Hua Hin and the vendors will direct you to the right person.

Seated and waiting for people to shout Hua Hin to notify us that the van is here and ready to board.

A map from Google to show where the van station is.

This is not the only van station available, usually if you use google map to check the possible route from your location, it would either show public bus or local train. You might want to check the van station near you in advance to know whether there is a van to the location that you wish to go to.

Interior of the mini van

Telephone number if you need it. You might want to ask your Thai friend for help with the conversation..

Took us around 4 hours to reach our destination @ LA HABANA. Seems like properties sales are cooling down as I was able to book a stay at La Habana. A condominium project near Takiab Beach which I previously found interest in. Check out the photos below, it is simply gorgeous.