Thailand Opening Up

Future Park at Rangsit

The pandemic forced major malls to be closed for the past two months. A reopening was allowed yesterday. Hence wifey and I to support Thai economy, went out yesterday to jalan jalan and jiak Korean BBQ at Future Park, Rangsit. 

Mask on, hand washed and off we go!

Sometimes Thai people can be quite creative, they spray paint on the escalators to make sure people have sufficient social distance.

White circle spray paint to keep 1 meter distance

Queue up to go inside the mall

They implemented the QR code registration for entering the mall and entering shops. We are also required to sign out when we leave the shop or leave the mall. Actually quite fast, but wifey say too many people. Wifey don't angry la, we go jiak BBQ.

Pork Shoulder meat & Spicy Tofu

Three layer pork (Fat Die Me)

Total damage 416 Thai baht (18.5 SGD)

Drink some Starbuck

Startbuck's staff tell me must sit alone... Very sad. 

Reference from Bangkok Post.

Some shop feel that customer might feel too lonely and placed their Mascot to accompany them to eat. So cute.

Let's hope this opening up of businesses does not cause a huge surge in new cases. No choice, need some balancing between fighting the pandemic and survival.

Weekly Update

New Changes

* From daily update change to weekly update or as and when I feel that I have something interesting to share.

* Updated my stock allocation to include US & SET as of 16th May.

US Market

Just started my first investment in US market last night. It is exciting as the change in share price can be quite drastic within seconds.

Ring Energy Inc (REI.NYSE)

Jin huat! 

In the green for the first time in FY2019 then came the pandemic. 

1) Hedged from now till December 2021, means they are not required to deliver a single drop of oil to get paid. Note, there is a difference in their hedged price in FY2020 & FY2021. The later is 5-10 USD lesser.

Reference from REI 1st Qtr Presentation Slide, page 19

2) Delaware sale was previously announced back in April that they entered into a PSA. Current ongoing for due diligence from the buyer side. Deal should go through within June.

3) Started shutting down wells in April and 100% shut down all well production on 23rd April.

See the Transcript for Q1 REI earn calls here.

Fortuna Silver Mines Inc (FSM.NYSE)

Bought it the first thing when market open when I see silver price at 16.8 USD per ounce.

 

It is one of the few silver mining company in the green and only one below NAV. 

(Important thing is price/NAV below 1, I am that cheap)

As of now, its price per NAV is already above 1. 

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.

Gold/Silver Ratio

Another busy day at work. Market sentiment seems to be lousy today.

I think it is a good day to promote the shiny side to people on a red day. the importance of precious metal.

1) With the current gold/silver ratio at 109.67, silver is a steal at its current price provided gold stays above 1700 USD per ounce.

Historically the gold/silver ratio is at 60 for the past 20 years and usually at its high when above 80.

Reference from Seekingalpha

2) Supply & demand for silver has always been healthy when compared to gold. At least 80% of the dug up silver are used up yearly either for industrial use, jewellery or silverware. You may read the details here.

Reference from GlobalNewswire

3) Using common sense, historical high for gold is 1869.90 USD per ounce while historical high for silver is 48.58 USD per ounce. The odds for gold to flip from its current price of 1700.71 USD per ounce to 3400 USD is not unlikely, but that is just a 1 bagger. Silver on the other hand when spike up can hit at least a 3 to 10 bagger depending on the amount of frenzy going on during the spike.

Trade of the Day

Biolidics (8YY.SI)

Sold Clearbridge (1H3.SI) & bought last Friday at 0.46, sold in the morning at 0.475. It might spike further but I like to pick low bearing fruit, sell first talk later.

Luckily I sold, now trading back at 0.46.

IX Biopharma (42C.SI)

Bought back my weed at 0.28. Hand itchy, better not follow my trade, these are all for speculation unless you are buying for long term.

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.

Thai Wedding

Another busy day at work while wifey is at home, sabai sabai. It is holiday for government sector today, good for her.

Raining again, hence it is time for another post.

Thailand is a bit like Chinese, an engagement is required. A bit like a session for 聘礼 (betrothal gift). Usually attended by friends and family, I did not invite anyone and went one man show as I am required to have the engagement done before I leave Thailand for my annual leave in Singapore.

It will be followed by the actual wedding and wedding dinner. Wifey and I was very lucky to have our ROM on 14th Feb 2020 before the lockdown in Singapore. (Now I have one less day to celebrate each year.) Back then as the coronavirus has already started causing fear in people, we delayed our wedding dinner in Singapore and had dinner only with our parents. We then had dinner with our close Thai relatives at Icon Siam, Bangkok. Note that there is free shuttle boat if you would like to visit when everything is back to normal. Similar to Marina Sands, water fountain show is available in the evening.

All in all I think I spent way below 300k baht, equivalent to 13.2k SGD. Cannot recall the total amount, as I am not that particular after spending the money. Let bygones be bygones.

Suit tailored at Pinky Tailor (Bangkok) for around 16500 baht 

Wedding Bouquet from Plaza Singapura

Simple Dinner in Singapore

View from Millennium Hilton, Bangkok

One Night Stay at Millennium Hilton as it is located right next to Icon Siam

In any case it is still way cheaper than her friend's wedding in Korat. Nakhon Ratchasima aka Korat is the largest province in Thailand and is one of the four major cities of Isan.

Glad wifey did not hate me for not being able to give her a grand wedding. Will be spending that money on our honeymoon to British though, when the pandemic is over.

People got stage hor

People got special place for blessings from relative & friends

Space filler, do not mind me

The restaurant is huge

Temple, everywhere we go, we visit temple. Same goes for Myanmar.

Next time show you all a door 5 times this size that I saw in Myanmar

Temple with Statues for Heroes of Korat

Thai Lifestyle

Some Investing Note user comment that they are more interested in my Thai lifestyle rather than my stock pick.

Win liao lor.

Actually I wrote before lor. You can find it here where I talked about my budget in Thailand.

My current monthly budget is 17000 Thai baht, which is equivalent to SGD $750.03.

Rental

I am currently staying 1.5 hours away from Bangkok. 

Type: One room condominium

Size: 344 sqft

A bedroom (with living room)

A small kitchen

A toilet

A small balcony

All furniture included

Other room amenities includes:

A 32" flat screen television 

An air conditioner

A refrigerator

A water heater,

A electric cooking stove

7000 baht per month equivalent to SGD $308.84 + 1000 baht utility (wifey pays utility)

Meals

Breakfast from 7 Eleven, usually coffee with bread or pastry around 70 baht equivalent to SGD $3.09.

(7 day x 4 weeks x 3.09 = 86.52)

My lunch will be around 40 baht equivalent to SGD $1.76.

(6 day x 4 weeks x 1.76 = 42.24)

Dinner either prepare by wifey or I will buy home if she is tired or when we are out of ingredients.

Grocery 

Wifey & I tend to go for shopping twice a week at least which contributes to her daily breakfast, lunch & dinner.

We will either shop at Tesco or local market.

I cannot really add up my monthly dinner & grocery cost, but it will all add up to below my budget. 

How is that possible? Never burst budget you might ask. Simple answer, I only have 17000 baht per month in my bank account. 

It is impossible to go beyond the budget when I do not have the extra money for it. 

In the event that I need extra, I will turn to my "angry" wifey, usually for our grocery during the last week. =3

Today at Wholesale Market

Guess how much all these costed?

My Lunch & Dinner : Green Curry

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.

Investing Ideas

Pawnbrokers

With news of record breaking unemployment rate and people borrowing money in Singapore at 4% interest per month, pawnbrokers will thrive as it fills the need for short-term loans.

MoneyMax Fin (5WJ.SI) vs Maxi-Cash Fin (5UF.SI)

1) EPS 0.24 vs 0.14

2) Price per NAV 0.664 vs 0.96

3) PE 6.164 vs 8.932

Conclusion, I bought MoneyMax Fin (5WJ.SI) as I like its number. Although its dividend is 3.79% less than Maxi-Cash Fin (5UF.SI), I think it has more growth potential. In addition, it allows people to do eRenewal for their pawned items. Awesome feature, very huat!

Recruitment Agency

During recession, companies usually will require more temporary workers to replace their retrenched permanent staff.

Hence my interest for HRnetGroup (CHZ.SI), but I hate its share buybacks at level above 1 for price per NAV. To me, that is artificially boosting its share price and destroying shareholder valve. Some IN user might call me too dumb to understand share buybacks. Yes, I am. Hence I am still looking at it from a far, drooling.

I will stop here for today. It is Sunday, gonna go out with wifey to do some shopping.

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.

Random Thoughts

Forming a perspective

How do I choose what to invest in? It has been a fruitful two months since April, which possibly is the case for most people as market recovers from the dip.

Stock holding as shown on my blog here,

China Everbright (U9E.SI)
First bought on 6th June 2019 at 0.355.
Added twice on 10th & 12th Mar 2020 at 0.26-7.
Added again on 23rd Apr 2020 at 0.21

Currently my biggest holding.
1) It is really cheap and I do not mind getting an offer for buyout (just no low ball offers).
2) China go green by implementing better regulations and environment tax to help fund its environmental policies over the years. Its standard will just go higher and higher.
3) Even under pandemic, similar to electricity, waste water treatment is still a must.
4) Dividend 6%
5) Price per NAV 0.413
6) PE 4.362

YZJ Shipbldg SGG (BS6.SI)
Ms Yang, traded since Aug 2019 swinging up and down. Recently bought again after taking profit from FSL Trust (D8DU.SI) as it declared dividend.

Second biggest holding.
1) Just listening to the Q&A session from FSL Trust (D8DU.SI)'s AGM, gave me huge confidence in Ms Yang.
2) Retrofitting by adding scrubber to 'capture' sulfur to meet IMO 2020 regulation. With an estimate of only 1% of vessels been retrofitted while the rest sat the fence waiting to see its effectiveness, the market potential is huge.
3) Non-stop new deals, it will just keep on coming. However we cannot neglect the possible drop in profit margin.
4) Dividend 4.545%
5) Price per NAV 0.612
6) PE 6.471

My rules of thumb for Ms Yang, anything below $1 is free money.

Yanlord Land (Z25.SI)
Bought since 2nd Jan 2020, being holding since.

Thrid biggest holding.
1) Price per cash at hand 1.018 (Free business)
2) Dividend 6.476%
3) Price per NAV 0.372
4) PE 3.135

Closing comment
I am a cheapo. Hence for me to buy a company for long term, it must have the following attribute:
1) Low PE
2) Price per NAV must be below 1 (Anything above 1, I buy solely for speculation)
3) Must have dividend. I am stupid, I do not know how to see whether the financial report is real or fake. Dividend is a good indicator from my POV.

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.