Watchlist Updated

I have added a new company to my watchlist. You may view it by clicking on the right sidebar link.

China Sky Chemical Fibre (E90.SG) is currently priced at SGD 1.500 and I have calculated its fair value to be SGD 2.030. The company is a leading manufacturer in China, and is engaged in the sale of chemical fibres, mainly high-end nylon fibres, with a wide and diverse range of commercial applications ranging from high-end sportswear and casual wear to other consumer products like curtains, tablecloth, upholstery and decorative materials, shoes, bags, luggages, umbrellas, tents, ribbons and nylon webbings.

Please be reminded that the companies listed on my watchlist are intended for long-term investing, so please do not expect instant gratification on the prices.

In addition, SP Chemicals had released its full FY07 results, so I will be reviewing the intrinsic value.

Happy Lunar New Year 2008

I wish all my readers a Happy Lunar New Year. May everybody be blessed with great wealth and blissful health for the Year of the Rat.

New year brings new beginnings and I shall work hard towards my dreams! I feel so good this new year! Every new year seemed to be better than the previous one. Having your loved ones by your side during such festive seasons is one of the great joys in life. Enjoy and treasure all these moments. Cheers!

New link added to Daily Routine

I have been looking at the companies listed in the Hong Kong Stock Exchange more frequently these days. As such, I have added a new link 'Daily HKSE Announcements' to the side-bar section 'Daily Routine'. Interested readers can take a look at it.

After looking through a few companies listed in HKSE, I discovered that the valuations of companies listed in SGX are really cheaper compared to that in HKSE. Really makes me wonder why is this so? Can it be the liquidity and exposure differences between the two exchanges? It is quite depressing to see two companies with similar earning power to be trading at different prices solely because they are listed in different exchanges. But again, the same applies to individuals as well, they are able to price themselves differently in different countries, drawing vast differences in wages.

Guess the most important thing is to invest to our advantages, be it in the stock market or in the employee market. May everybody find their own path to success!