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2022-04-25

PayPal Holdings Inc – Will We See $75 Next?

The plethora of earnings keep coming and this week, we will be taking a quick look at Paypal Holdings Inc [Nasdaq: $PayPal(PYPL)$ ] which will be reporting on the 27th April on Wednesday after market close.The share price looks like it will break the last low set on the daily chart while it is keeping its important support on the weekly chart. If this support breaks, we are likely to see $75 coming next and this might come as soon as earnings this Wednesday should it disappoints.Let’s take a look what might be in store for this week’s earnings preview.Q1 Earnings Preview:All eyes will be on its Q1 earnings after management sets a weak trajectory growth for Q1 back during earnings last quarter when it guided for a weak negati
PayPal Holdings Inc – Will We See $75 Next?
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2022-04-06

Refinance Soon As Interest Rate Is Increasing Quickly!

Interest rates are going up!For those who have not been following the market, the Federal Reserve is expected to raise interest rates by at least 25 basis points in each of the remaining 6 meetings this year. Together with the earlier which was raised, we are looking at approximately between 1.9% – 2.2% by the end of 2022 and even higher going to the following year.What this means for homeowners like us (myself included) is that this will have a massive implications on how we will be financing our mortgage interest for the next foreseeable future.To give a little context for those who are new to the blog, we’ve purchased our second home not too long ago right before Covid and we locked in a 2-years floating rate back at the time when interest rate was still very low.This was in f
Refinance Soon As Interest Rate Is Increasing Quickly!
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2022-04-05

Apr 2022 – Portfolio Transactions & Updates

Over a hundred emails and comments came to me in the month of March as we’ve seen one of the most turbulent and turmoil in the market with the uncertainty of the inflation, war and the Chinese routs destroying the markets right there.‌If you’ve survived that series, give yourself a pat in the back.‌That was certainly not easy to swallow.‌I was out for a short 5D4N cruise during the school holiday when it all happened so I took some time away from the massive noise created during the week and by the time I was back, the market has recovered somewhat.‌There was not much updates to this month’s portfolio other than a few more accumulation which I will detail below.‌First, I added more Tencent shares and while I didn’t manage to add at the bottom, it was a relatively decent accumulat
Apr 2022 – Portfolio Transactions & Updates
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2022-03-31

Does Inflation and Rising Interest Rate Affect REITS?

$CSOP iEdge SREIT ETF US$(SRU.SI)$ $CSOP S-REITs INDEX ETF(SRT.SI)$ Over the past decade, REITs have emerged as one of the most popular investment vehicle for yield-hungry investors who are looking for stable passive income play in the local Singapore market.‌High dividend – combined with a few other factors such as strong governance, liquidity and stability – have enhanced the attractiveness of such assets that appeal to many investors looking out.‌This year, with the growing concern of rising interest rates due to inflationary expansion environment, will bring about an unprecedented test to these popular asset classes, who have grown tremendously and did very well under the
Does Inflation and Rising Interest Rate Affect REITS?
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2022-03-11

Mar 2022 – Portfolio Transactions & Updates

I’m going to do an early update to the portfolio for the month of March as it is the start of the school holiday next week and our family will be going for a cruise trip round-about to spend the week.This has been a torrid horrible month for most of equity investors as the war between Russia and Ukraine escalates and send the market plunging down lower. This reminds me back in March 2020 during the low of Covid when my portfolio plunged by as much as 30-40% month on month before recovering the following month soon after that. I believe we are no different and the only difference is we do not know when the recovery will takes place (just like most other events in the market where this is an unknown).The tech stocks were one of the sectors which were impacted the most – given either by their
Mar 2022 – Portfolio Transactions & Updates
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2022-03-05

Sea Ltd: Why I Think There’s Good Margin of Safety at $100

On Feb 7 this year – right about 3 weeks before the announcement of their Q4 results – I posted an article about shorting $Sea Ltd(SE)$ at the range of about $160ish, which is at their top end of the resistance line. Since then, the company has gone sideways in terms of the share price until the recent announcement of the Q4 results which sends the company plunging down to below $100 at yesterday’s closing. It has since lost about 74% of its market cap since it last hit a peak of $372 on 19th Oct 2021 and it has lost about 40% since the announcement of the results just this week alone. Macro & Micro Headwinds Create a Perfect Storm There were signs during Q3 that Garena was slowing down in terms of sequential growth quarter to
Sea Ltd: Why I Think There’s Good Margin of Safety at $100
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2022-02-21

MercadoLibre (MELI) is likely to tank after Q4 earnings

MercadiLibre ($MercadoLibre(MELI)$ ) will be announcing its Q4 2021 results tomorrow on the 22nd Feb 2022.Price action has been on a downtrend for the e-commerce giant since it formed a double peak last Sep 2021 at ~ $2000 and since the entire e-commerce sector has been out of favour. In addition, the double digit inflation risk in South America puts additional pressure on the risk premium investors have to account when valuing MELI.We think that there is a strong chance that MELI will plunge after it announces its earnings tomorrow and we have set a target at the end of this week at $630 (32% downside risk). This number also coincides with the gap it has back in May 2020 which has not been filled so there is a good likelihood this wi
MercadoLibre (MELI) is likely to tank after Q4 earnings
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2022-02-18

Feb 2022 – Portfolio Transactions & Updates

2022 has been a reversal of fortune as the bear starts to attack the US market, mostly the smaller and midcap in the tech sector which were hit the most.Don’t get me wrong – my positions for most of the Chinese tech is still going nowhere in 2022, but if I just do a simple comparison, I think I am fortunate that it fares a lot better than most of my peers who have the majority of their positions in the US market and are currently down 30-40% YTD while some of the smaller caps are down as much as 60-70%. Basically, they had almost thrown out all the gains in 2021 and the majority of the gains in the 2H of 2020.A quick health check-up across my positions still see me down by about 18% for Baba, 8% for Ping An and 15% for ISHARES HSTECH. The worst losses are in Huya (down by 53%) and China Ea
Feb 2022 – Portfolio Transactions & Updates
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2022-02-07

Short SEA Ltd (Short Term Target: $120; Mid Term $100)

$Sea Ltd(SE)$ Market is in an unforgiving mode this year after we’ve seen a battered meltdown in many growth technology and e-commerce stocks. While most of these companies are still in positive territory after their strong run-up during Covid, many of them are starting to give up their gains in the past couple of months. The past couple of weeks we have seen a few notable companies with the likes of Netflix, Meta, Paypal and Shopify taking a beat from the market after earnings. With earnings still to come from many of the other companies, we could very much see a repeat of the same. This article is about SEA Ltd and in this article I will explain why am I not a buyer at the moment despite the shares already crashing more than 60% to
Short SEA Ltd (Short Term Target: $120; Mid Term $100)
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2022-02-02

PayPal Plunged After Earnings – Opportunity or Stay Out?

PayPal Holdings slides after it announces its Q4 and full year earnings post-market.This was a dejavu to the announcement made for Q3 when it suffered the same fate after it plunged post announcing the earnings result.Let’s first take a look at what they have announced.Q4 and Full Year Earnings 2021:Going through the earnings announcement for Q4, it was not as bad as it seems at glance.Q4 topline revenue totalled $6.92b, which increased ~13% YoY from the previous year Q4 of $6.12b and ~12% QoQ from the previous Q3 quarter of $6.18b.Q4 EPS reached $1.11, which increased ~2% from the previous year Q4 of $1.08 and flat from the previous quarter.Net new accounts added during the quarter was 9.8m, which slows from the previous quarter net adds of 13.3m. It ends the year with an annual active ac
PayPal Plunged After Earnings – Opportunity or Stay Out?
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2022-01-22

Jan 2022 – Portfolio & Transaction Updates

Let’s get to the first month of portfolio updates in the New Year and there are no big changes other than mostly accumulation of the existing. Barely three weeks into the New Year, the market has sent many investors scrambling for safety as it wrecked open the realities of many companies in the first three weeks of the year. Interestingly though, the majority of my positions which are in Chinese stocks were spared by this rampage of selling off and valuation re-setting in the market in particular for US shares. If there are any questions as to why most of my positions were in Chinese stocks in 2021 relative to any US companies, I think what happened in the market in the past few weeks provides a clue on its own. Many of the US companies suffered heavy sell-off but they will be getting i
Jan 2022 – Portfolio & Transaction Updates
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2022-01-15

Netflix Raises Price Hike Again Right Before Earnings

$Netflix(NFLX)$ Following up on my previous article on Netflix, the company announces a significant news of a price hike yet again to as much as $20 a month in the US region where they have most control over with.Barely just a week before earnings, Netflix is doing their regular habits of hiking prices early to the consumers every two years or so, citing inflation as one of their main reasons for doing so.The service’s top tier is now 42% more expensive than it was in late 2018 and a significant increase bump to the topline numbers assuming subscription numbers remain constant.They have been very successful in the past price hikes which led them to where they are today but with competitors sizing up, we may not know if subscription nu
Netflix Raises Price Hike Again Right Before Earnings
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2022-01-09

Short Netflix Ahead of Its Upcoming Q4 Earnings

$Netflix(NFLX)$ Much was anticipated in the opening week of the New Year as Mr Market rotated out of most growth tech stocks, especially those with lofty valuations and switched in on companies which might benefit from the rising interest rate environment (i.e banks, oil).I took an opportunity to take a short position on Netflix last week which I have been quite bearish on since it announced the Q3 earnings a few months ago which I wrote here.Here are a few of the reasons why I am expecting Netflix to underperform in the next upcoming months:1.) Lofty Valuation Is Vulnerable In Current Inflationary EnvironmentWhichever we want to look at it, Netflix’s valuation is not cheap by any standard metrics for valuing a company.It’s more tradi
Short Netflix Ahead of Its Upcoming Q4 Earnings
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2021-12-27

3Fs Portfolio Review – 2021

I will be doing a slightly early version of the portfolio review for the entire of 2021 since today is a public holiday and I’ve got to go back to the office starting tomorrow to catch up on some end year work.There is still a few days left this week to the end of the week but I am likely to take no further positions other than a few options I have left outstanding which will expire by the end of this week.Portfolio Review and Thoughts:I started the year with about 23% of HK/China weightage holdings and ended the year with about 97% of my entire portfolio in either HK/China stocks. If you include the leverage portion, it’s probably closer to 130%.This is a year where the China regulatory impact takes headline and impacted over many Chinese stocks. I was originally not too interested in man
3Fs Portfolio Review – 2021
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2021-12-20

The Importance of Patience & Focusing on the Business Metric

$Amazon.com(AMZN)$ Amazon has one of the most impressive compounder chart history in many years.After accounting for three rounds of stock splits in more than 2 decades, the stock has advanced from $1.50 back in 1997 to $3400 today in 2021. That is a whooping return of more than 200,000% return in a period of slightly more than 2 decades.Based on the above charts, you would have thought it would be an easy ride to ride the uptrend across the full 2 decades to where you are today.A $1,000 investment back in 1997 would have returned you about $2m today, after accounting for all the stock splits that happened along the way.However, if you look at each milestone and the struggles it came across on each economic cycle, you would realise th
The Importance of Patience & Focusing on the Business Metric
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2021-12-20
$HSI(HSI)$Hang in there investors because HSI is currently at a very attractive level which coincides with Monthly EMA200 level!
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2021-12-18

5 Reasons Why You Should Be Accumulating on Tencent

$TENCENT(00700)$ If you are following my social media page, you are probably already aware that I am in the midst of accumulating more Tencent shares in the past recent weeks (I am done accumulating my position for Baba and has now moved to Tencent with the intent to build a position larger). I added another 100 shares on Friday at about $438.8 and with this I have a total of 1,400 shares at an average price of $458.4. At the moment, my position is currently down at about ~4% but this does not concern me at all. In fact, I hope it can maintain at this range for a while more so it will allow me time to build up my capital over time to add more positions into the portfolio (will detail out the essence of building more
5 Reasons Why You Should Be Accumulating on Tencent
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2021-12-12
Appreciate everyone’s support so far and if you could help to vote along I would gladly appreciate 🙏 
@小虎活动:2021 Most Popular Author Voting: Who are Tiger Stars of the Year?
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2021-12-12

Why Using Monthly Active Users (MAU) Alone Can Be Deceptive

Keeping a close tab on your company’s unit economics is one of the most important task for management and the board as it tells a lot of story on how the company is performing over time.Today, we’ll be focusing on one of the most commonly over-used and over-reported metrics by many companies – Monthly Active Users (MAU) / Daily Active Users (DAU).How The Significance of MAU/DAU Came About:MAU (or some may track on the daily DAU) became increasingly popular largely when companies such as Twitter and Facebook started tracking and reporting engagement rates and growth projections. These businesses are social media networks which rely on social media engagement and activities, which includes advertising to make money so it makes sense for these companies to track the monthly or daily
Why Using Monthly Active Users (MAU) Alone Can Be Deceptive
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2021-12-11

Reader: I Cut Loss On Chinese Stocks and Now Moving to US

I received an email from a concerned reader who wrote to me about a week ago.We have exchanged a few email correspondences and I have obtained his permission to publish this on an article without mentioning his real name.Here is the unedited question he wrote.Hi BI have been an avid reader of yours for many years and I have learnt many valuable lessons along the way.I am in a rather difficult situation at the moment and unsure of what I should do next so I hope you can give me some advice.I started investing in the stock market about 3 years ago back in 2018.I had started investing in overseas stocks mainly in Chinese tech stocks sometime late last year and I have further added to my position earlier this year upon reading your thesis about Alibaba, Tencent, JD and Ping An. My positions co
Reader: I Cut Loss On Chinese Stocks and Now Moving to US

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