Friday, December 12, 2008

BUYING HONG FOK IS LIKE BUYING A PROPERTY WHICH WAS ONCE WORTH 1.86MILLION AT THE PEAK OF THE CYCLE AND NOW HAS CRUSHED TO $160,000. WHEN IT WAS AT 1.86MILLION I WAS TELLING MYSELF, IF ONLY...................... A WAR, ANOTHER SARS, A FINANCIAL CRISIS COULD CRUSH THIS BABY SO THAT I CAN COME IN A BUY
REMEMBER, BAD MARKETS DON'T LAST FOREVER, HONG FOK HIGHEST TRADED PRICE AT THE PEAK WAS $1.86. TODAY'S CLOSING PRICE IS 17CENTS, THE NAV VALUE CURRENTLY $1.38. CHEAP AT CURRENT PRICE OR EXPANSIVE????????? FOR ME IT IS darn GOOD PRICE TO BUY AND HOLD!!!!!!!!!!!!!!!!!!!!!
ANOTHER REASON WHY I SAY HONG FOK IS A STEAL AT CURRENT PRICE, AMONG ALL THE LISTED PROPERTY COUNTERS HONG FOK HAS THE BIGGEST DISCOUNT TO ITS NAV OF $1.37CENTS. ABOUT 85%. YOU GO AND DO YOUR OWN MATH. GUOCOLAND NAV 2.50 SHARE PRICE $1.15, KEPLAND NAV $3.26 SHARE PRICE $2.17, HO BEE NAV $1.164 SHARE PRICE 40.5CENTS, CAPITAL LAND $3.81 SHARE PRICE $3.24, WING TAI $2.09 SHARE PRICE 76CENTS, WHEELOCK PROP. NAV $1.72 SHARE PRICE 95CENTS. SC GLOBAL NAV 97CENTS SHARE PRICE 61CENTS. THE RANGE IS BETWEEN 14%-65%. SO THINK ABOUT IT, WHY HONG FOK IS NOT SUNKIST ORANGE AT 8CENTS
I'M STILL QUEUING TO BUY HONG FOK 20CENTS, I CONSIDER HONG FOK AT THIS PRICE, IS A STEAL, RECENTLY, IF YOU CAN REMEMBER YTL CORPORATION BUYING INTO MMP REITS AT 82CENTS, ITS NAV VALUE IS $1.61 CENTS, THAT'S ABOUT 50% BELOW THE PRICE OF ITS NAV. NOW I'M BUYING HONG FOK AT 85% BELOW ITS NAV OF $1.37. HOW, GOOD OR NOT? YOU DECIDE. HONG FOK, LIKE I SAID OWNS THE CONCOURSE, I DON'T KNOW HOW MUCH THEY PAY FOR THIS PIECE OF LAND. MUST BE DIRT CHEAP AND BESIDES THE CONCOURSE, THEY ALSO OWN THE INTERNATIONAL BUILDING IN ORCHARD ROAD. WHICH IS FREEHOLD. AND AT WHAT PRICE DID THEY PAY FOR THIS LAND? YES, DIRT CHEAP AGAIN
HONG FOK AT 23CENTS
SYNEAR HAS GONE UP FROM $0.11 LOW TO $0.25. NOW ENTER SYNEAR AT $0.25 IS IT TOO LATE?
MY BUYING PRICE FOR SYNEAR FOOD WAS A LOW 14CENTS AND SINOMEM 6.5CENTS,

MY STRATEGY NOW WOULD BE TO IDENTIFY THOSE COMPANYS THAT HAVE LOTS OF CASH, STILL MAKING MONEY, GOOD MANAGEMENT, GOOD DIVIDENDS. AND ONCE BUYING IT, I'M PREPARE TO HOLD FOR 5 YEARS MINIMUM, AND OF COURSE, WITH MORE FUND TO AVE. DOWN, SHOULD THEY FALL LOWER

Thursday, December 11, 2008


I'VE SEEN IT IN 1973-75, 1986, 1997-99, AND 2003

THAT DAY THE CLOSING PRICE FOR COSCO $3.37, YANGZIJIANG 97CENTS CELESTIAL 85CENTS, FIRST RESOURCES 1.20, GOLDEN AGRI-RESOURCES 1.02 AND AUSGROUP 87.5CENTS JUST TO NAME A FEW

Wednesday, December 10, 2008


and if i miss the boat, i will miss it with some cash on hand

Tuesday, December 9, 2008


Don't be greedy. If you are fully loaded when the market collapses, you are finished.

dont sit on profits..got profit take and RUNFAST

TO FOCUS ON FUNDAMENTALS IS IMPORTANT BUT THE TREND OF THE MARKET IS EQUALLY IMPORTANT, WHEN IT IS DOWN TREND FUNDAMENTALS GOOD ALSO NO USE. TIMING IS VERY IMPORTANT.

The dominos are falling and nobody can stop them. This debt based economy will not survive; the debt will be cleared either by default or by inflation. The chance of the later are looking pretty slim right about now.