Author: T.U.B Investing

IGG (HK Listed) – A Company with Amazing Returns!

This post is a reminder for myself of why I invested in the above company. I am vested and comments maybe biased. Numbers/Finance Amazing Returns in 2017 and 2018 – ROA are more than 45% and ROE are more than 65%! In addition, no comparison among competitors in terms of returns based on 2018 figures: Feiyu Technology International Co Ltd (1022) – Loss makingZynga Inc (ZNGA) – Loss makingOurpalm (300315) – Loss makingLinekong Interactive Group Co Ltd (8267) – Loss makingNetmarble Games Corp (251270) – Super high PE + Low ROE/ROAColopl Inc (3668) – Super high PE + Low...

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GDOT (US Listed) – Reasons I Invested In It

This post is a reminder for myself of why I invested in the above company. I am vested and comments maybe biased. Numbers/Finance Growing Revenue, Net Profit, Cash from Ops, with consistent FCF generated – A business taking on market share and continuously generating FCF. No more debts – A growing business allows the company to reduce its debts. Currently it do not have any debts. Thus, there will be significant interest saving moving forward. US$6.5 million of interest expense is paid in FY2018. DCF calculation – I have a weird way of doing DCF (high discount rate of...

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The Usage of Timeless Theories

In the world of investing, there are numerous Gurus which came up with different theories that allowed them to make significant gains over the super long term. Many of us tried very hard to mimic these theories in real life and we gave up half way. There are many reasons why we gave up: 1. We cannot wait so long.2. My holding power is not as long as theirs.3. We are in a growth stage.4. Recession is coming.5. We are not them. and many more… In my opinion, whoever follows these timeless theories must understand the following 3 points: ...

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Met An Angel and My Trade-War Portfolio

Yesterday I met an angel investor. I meant he was definitely rich and successful when we communicate. But when he gave me a figure (a figure I felt could be more than my annual package) and stated it is nothing much. It really made me think twice. This is not the first time I talk to entrepreneurs, the successful ones that has sold businesses and made tons of money, and he made me felt small. So small – I am not being emo here again, just sharing my thoughts. It made me felt that no more time should be...

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I am back. I am Terence.

Hi all, Sorry for the long absent. Being a dad now to a 3 month old new born, time is probably one of the most precious resource now and in future. Taking on a new job for the last 4 months has also been quite tough. You realize, again, that it is hard to make everyone happy. When you constantly hit a brick wall at work, you will be amazed at how fast the “fire in the belly” get extinguish. With those thoughts, you start to question what do you want to achieved in life? Especially with the T.U.B...

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Hiatus For The Next 3 Months…

The title say it all. The reason is because I am currently taking on a new role in my working environment and I am also taking on a new role in my personal life. In addition, I am still investing, managing my FB page and the Fundamental Scorecard telegram group, writing new articles on a monthly basis for the Moat Scorecard subscribers, looking after the subscribers of Fundamental Scorecard website, and once in a while, I will still conduct courses and seminars. Just too many things.  Thus, I decided I have to take a break from writing new articles...

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The Margin REIT Strategy – A Strategy In Writing (Please Complete Reading The Article!)

I am never interested in margin before meeting J. To me, I always feel human emotions are unable to control the use of margin. Leverage is such a powerful seductive tool that I do not believe any person can escape from it once he/she touches it. Similarly, to believing justice will prevail, I believe in not giving margin a second look. Nevertheless, I met J recently and he showed me how he used margin to invest and achieved 10% gain p.a. since 2016. To be honest, 10% is not huge. But a consistent 10% is a relatively good return....

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I Sold All Of It!

Initially, I believed my losses to be more than 50% due to my excel tracking. But after I calculated, the losses is about 40% instead after holding for about 1.5 years. Nevertheless, it is still a major hit to my portfolio. The main reason why I decided to take the losses was due to a few reasons: – I want to have more cash for my margin REIT strategy (Do note I do not add funds to my portfolio. Thus, if I had a new idea, I will probably need to sell an old idea.) – It is not...

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TVB vs Netflix

Recently, I did a poll on InvestingNote. It was an exercise to (1) remove the bias of choosing a company based on brand names and (2) choosing a company to invest in solely using financials. InvestingNote Screengrab as of 21 March 2.20pm Without the company name, most investors stated correctly that if solely based on the financials, value investor will choose Company A. Growth Investors will choose Company B. Overall, it seems that more investors prefer a stable company than one is burning cash. But I have a feeling if I reveal the names of the companies, things may...

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Analysis of Singapore Banks and Finance Firms

As a fundamental investor, I always look at financials statement to analysis if a company is good enough to invest in. However, there is always 2 types of balance sheet we need to take note – The regular one and the Financial Institutions (FI) one. Normal Balance Sheet FI Balance Sheet In the past, if I want to invest in a FI, I used to tell myself – I don’t know how to analyze their financials, let’s skip them! But as days, weeks, years went past, and you realise that there are numerous financial firms in of Berkshire Hathaway...

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Take A.I.M. – The Singapore Market Version!

With the success of “A.I.M.- Actionable Ideas Movement“, Simple Investor and I had decided to conduct a similar course for Investors of the Singapore Stock Market.I can never say enough. But once again, I will like to say a BIG THANK YOU to everyone that attended AIM. You made the event a success!  What is A.I.M. – SG Version? This is an extension of the newly design course – Actionable Ideas Movement – within the Singapore Market. The main AIM for this course is to: (1) introduce new investing methods to the Singapore Investors; and(2) by the end of...

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Big Idea 13

As indicated in my last post, I had already sold Big Idea 5. Therefore, I am still on the lookout for the next idea to invest in. Currently, for my Big Ideas Investing Theory, I have wrote about 12 Big Ideas and I had sold about 3 of them. Overall, I am still holding on to 9 of them which contributes about 60% to 70% of my portfolio. I caught a glimpse of Big Idea 13 on a valuebuddies forum. Then I went to work on it. I was so excited about this idea that I shared it on my Fundamental...

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The New Idea That I Didn’t Act On It

This article contains a portion of the Moat Scorecard Analysis Write Up 6 written on 27 Jan 2019 for my Moat Scorecard subscribers. For the Full Write Up, please subscribe to Moat Scorecard. Having sold off one of my biggest holding of a Big Idea (Big Idea 5 – HongKong Land), I started search for the next possible Big Idea. Firstly, I was looking at Courts Asia. But before I could make a decision, Nojima made a general offer. Damn! Then along came Avi-Tech Electronics Limited (Avi-Tech). To be honest, I first came across this company when it passes...

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Give This Unicorn A Miss!

As per divestopedia, in the venture capital industry, a unicorn refers to any tech startup company that reaches a $1 billion dollar market value as determined by private or public investment. In July 2018, this Unicorn had raised US$1.6 Billion in the US Stock Market. The company is no other than, Pinduoduo, the company that intends to rival Alibaba and JD.com. You can read all about this company in this report. If you had watched China Variety Shows, you will not have missed out their advertisement. It has a very catchy song for its advertisement and always seem to...

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Take A.I.M. – Let’s Hit Bullseye Together!

How do you feel after attending a course/workshop? Do you follow what was taught? Do you gain anything from the course? Did you take any action after the course? These are the questions I kept asking myself after presenting various workshops and courses to the participants. I always wonder if the participants gain anything from the workshop or even wondered if they took any actions? Thus, I have been wanting to design a course where I am certain the participants had gained from it and took some actions. After all, I believe that should be the main reason why a participant will...

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