Current Investment
1 Talisum Lithium
2 Boustead
3 People Food
4 Super Group
5 Visa
6 Spindex
7 Lithium One
8 Hock Lian Seng
9 Cerebos Pacific
10 Metro
11 Sing Holdings
12 APB
13 Hour Glass
14 SMRT
15 MTQ
16 Soup Res
17 Techcomp
18 Lee KT
19 Western Uranium
20 TNR Gold
The only inclusion in december was Visa and Techcomp. The small caps in Singapore do not really suit me now.
In 2010, I divested most of Hiap Seng and Broadway in May. The reason why was I feel that flash will be more and more a dominant component for computers. The Ipad is an early indicator. Hiap Seng has already completed most of its projects (higher revenue recocnigition and cash position). I also had to take out some cash for my property.
In May, I also completely exited my commodity trades. I might increase my portfolio gains by another 30-40% if I have kept my position in gold/silver as after my dad incident, I do not have the emotional capacity to hold on to volaitle position, there are already too many things on my mind.
Things that got away. I had actually 2 baggers which doubled that I was holding, AAC and Eu Yan Sang, but I got shaken out by 2 occasion. AAC was a play on the booming smartphones, but I did not had enough time to do much study. too bad
2011 going forward
Going forward Boustead should perform alright in the correct industry (Energy/ Water / Real Estate ). With capable leaders like FF Wong running the helm, and boosted by close to 40 cents cash board, I expect shareholders to continue to be rewarded
Super should do well with its additionaly plant in China, commitment to payout a high dividend and its Taiwan dual listing visibility
It is heartening to see after 8 years that I have something to show for. Since 2003 I have made 10 times my capital. I will set a target to accomplish another 100x in 15 years.
FY03 1.3743
FY04 0.882
FY05 1.6745
FY06 2.5514
FY07 1.36
FY08 0.94
FY09 1.09
FY10 1.42
10.19476939
Saturday, January 1, 2011
FY2010 flashback
It has been a very emotional , mental and physically draining year for me as Something happened to my dad which I had to take over his company. Effectively I am doing 2 jobs at a time, and my Mum who previously took care of my kids (4 and below baby) had now to take care of my dad, leaving my wife (who luckily can work from home temporarily) and me and at least my maid to take care of my kids. During this tough time, we also had to renovate our new house and pack/unpack our furniture.
The vivid impression that I had was the many evenings after work I had to bring along my 2 kids to look at furniture. One of the night we were looking for lights, and in the Balestier roads, we had to cross the overhead bridge with me carrying the baby up and down the bridge while my wife hold the eldest son hand, and after that I had to carry the pram up and down the bridge as well. It was really tough and no choice as there were no one to take care of my kids.
It is in such incidents where you really see who your true friends, family and relatives are. When I needed help esp from my in-law side to take care of my kids, my in-laws (my FIL did not want my MIL to come from Malaysia to stay with us and leave him alone), they only came sparingingly.
Fast forward this year, my wife needed to go back to work at least twice a week. I approached my Aunt (Dad sister) who is retired to help ( actually there is not much to do, as the maid will take care of the little one (feed/bath/make him sleep), is just to "See head See tail", when my maid eats, or cooks). She actually agreed, but her husband gave so many different excuses (eg, migrane lar, not well , have to cook lunch for her son and to do household chores etc). I got very fedup. If you do not want to help , fine.
Looking at the fireworks on New Year's eve from my new house, I had plenty of emotions running through me. It has been a bad year for me , even my eldest son fell sick (high fever 40C) on the last day of the year.
Looking back last year, there are still a few things that I could smile on
- My youngest son turned one year old
- we moved to a nice condo with very good view
- My family came closer
- I appreciated my wife who supported me during this tough time
- I manage through superhuman efforts to cope with my dad company (reduce A/C by more than 22%), manage to sell the company and lay out the strategic directions for next year
My dad is a very good Sales, however the Accounts were very bad. And at the same time my dad was on retirement mode, therefore Revenue has been fell quite badly in the last 2-3 years (albeit a slight rebound in 2010). The way I see to move the company forward is to explore overseas market (esp in Malaysia). And to turnover the company, it should not be too difficult as I feel that we just need to contact many old customers to increase revenue by 40-50% at least.
The vivid impression that I had was the many evenings after work I had to bring along my 2 kids to look at furniture. One of the night we were looking for lights, and in the Balestier roads, we had to cross the overhead bridge with me carrying the baby up and down the bridge while my wife hold the eldest son hand, and after that I had to carry the pram up and down the bridge as well. It was really tough and no choice as there were no one to take care of my kids.
It is in such incidents where you really see who your true friends, family and relatives are. When I needed help esp from my in-law side to take care of my kids, my in-laws (my FIL did not want my MIL to come from Malaysia to stay with us and leave him alone), they only came sparingingly.
Fast forward this year, my wife needed to go back to work at least twice a week. I approached my Aunt (Dad sister) who is retired to help ( actually there is not much to do, as the maid will take care of the little one (feed/bath/make him sleep), is just to "See head See tail", when my maid eats, or cooks). She actually agreed, but her husband gave so many different excuses (eg, migrane lar, not well , have to cook lunch for her son and to do household chores etc). I got very fedup. If you do not want to help , fine.
Looking at the fireworks on New Year's eve from my new house, I had plenty of emotions running through me. It has been a bad year for me , even my eldest son fell sick (high fever 40C) on the last day of the year.
Looking back last year, there are still a few things that I could smile on
- My youngest son turned one year old
- we moved to a nice condo with very good view
- My family came closer
- I appreciated my wife who supported me during this tough time
- I manage through superhuman efforts to cope with my dad company (reduce A/C by more than 22%), manage to sell the company and lay out the strategic directions for next year
My dad is a very good Sales, however the Accounts were very bad. And at the same time my dad was on retirement mode, therefore Revenue has been fell quite badly in the last 2-3 years (albeit a slight rebound in 2010). The way I see to move the company forward is to explore overseas market (esp in Malaysia). And to turnover the company, it should not be too difficult as I feel that we just need to contact many old customers to increase revenue by 40-50% at least.
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