Tuesday, 24 June 2014

King Wan Update

The sudden surge in King Wan's pricing on 20th June 2014 comes to questioning.

It touched a high of 0.370 and closed at 0.355. The strong resistance of 0.340 has been broken within a single trade. Some big fish bought 1628 lots and cleared the 0.340 barrier. King Wan's Volume hit a 1 year high of 9.57m shares that exchange hands. The last time it's volume was so thick was on 29th May 2013 (a year ago) of 18.1m shares.

So the question is who bought and cleared the 0.340 barrier? And a minute later 0.345 is being cleared with another single trade. Some big fish is probably buying up King Wan's share. Could it be an insider buying?

A fellow VBs (Thank you, BestPrice) tested water and sold some of his shares at different prices. CIMB is the opposite transaction. From this, it is most likely a retail investor that is buying up the shares and not insider buying (My assumptions).

The surge in price is also not due to the sales of KTIS because KingWan did not made any news on it. I'm not too sure has KW sold any KTIS shares as of yet. For that I have to confirm with them. Anyway, KTIS is currently trading fairly below it's IPO pricing, hovering around the range of 9.5 - 10 Baht/share.

Right now, these are just short term price movement or maybe some market noises. Meanwhile, I will just ride on it and wait for the next round of dividend which will XD on the 5 August 2014. SGD 0.015 will be issued. So with current price at 0.355, a full year dividend this year of  SGD 0.02 will have a yield of 5.6%. Still quite yummy if you are buying into it now.

Little Boy

Friday, 13 June 2014

Bought Into UMS Holdings

The recent sell down of UMS holdings gave me an opportunity to buy in.

As what Warrent Buffett said, "Be fearful when others are greedy. Be greedy when others are fearful"

Although semi-conductor is a cyclical industry, I do not believe that the fundamentals will change overnight.

CEO Andy Luong and AMAT sold their shares, depressing UMS holdings stock price. It hit a low of 0.545 on 11th June. AMAT decreased their stakes to less than 5% which means that in future, market will not need to be notified when they sell more of their shares. CEO Andy Luong decreased his stakes from 27.81% to 20.25% (Source). I am not too afraid of this because he has been a consistent seller. The last time he sold 7m UMS shares in the period of March and April, UMS share price gradually increase bit by bit.

Nobody knows the true reason why AMAT and CEO Andy Luong are selling their shares. Of cause, it is compelling and scary that the 2 biggest stakeholders are selling away their shares. Only time will tell. I may be catching a falling knife. But as for now, I am remaining confident that the fundamentals are still in good shape :)


Little Boy

Tuesday, 10 June 2014

It Is Always Good To Step Out And See The World (Social Skills)

Been out of here for quite sometime. I was having a getaway trip to Thailand.

I always love to travel round the world to see the contrast between Singapore and the outside world. Along the way, I get to sink into their culture and learn many pointers. These are life skills and experiences which are not attainable by books. It is always wonderful to explore and step out of our comfort zone to see something different. I also love to interact with the people there. Though I know nuts about Thai Language, it's funny and cute to communicate through a common language by basic English or Sign Language. The Thais are generally heart-warming and pleasant people. The only disturbing thing was that the locals love to price discriminate against the tourist. If you go for shopping, they will quote exorbitant prices. Taxi will be quoted at a flat rate to tourist. I managed to get on taxi-meter a few times after much persuasion. Hehe, ACHIEVEMENT! Anw, I got to chat up with a shop owner regarding my idea of shipping her supplies over to SG to sell. Seems like the shop owner is keen on it. Hopefully, I can get my Thai friend to help me out on this :)

I believe one factor that may help us in future is this word called "connections". In this world, we are now so inter-dependent. Working alone may not be the key to success anymore. High EQ and good interactive skills are imperative and it may bring you this "golden opportunity". Of cause, luck do play a part too. Sometimes you do see people with highly inter-personal skills climbing the career ladder faster than others with equal/higher credential. Why? Because they know how to network well and win the likes of fellow colleagues and bosses. I don't encourage you to go to the extent of boot licking your bosses and end up creating a scene of office politics. It's definitely gross and disgusting. Yeah, I do see such people too in every places and it is a real turn off.

Have you watch Wolf of Wall Street? With a skill like Leonardo DiCaprio (Sweet talker, superb convincing skills etc.), it can be a deadly weapon. In that movie, apparently he used it the corrupted way, so don't follow his footstep . But if you have that skill, it will definitely be an upper hand compared to your peers and people around you. These are skills that are very powerful because words can inspire. I also love the part how Brad sell the pen to Leonardo DiCaprio too. Cool huh?

What I am trying to say here is that, social skills are not hone within a day or just by reading a book. Yes, you can read all the book in the world. You can even read Dale Carnegie's book where he teaches you confidence and interactive skills. But without applying it in the real world, you will never learn. That is why the best way to interact is to step out and see the world. Travel round Singapore, pick up a few conversations with people, meet more people, learn foreigner's culture and lifestyle, talk to foreigners, understanding human body behavior, reading how people behave etc. Sooner or later, I'm sure you have no problem mingling with strangers. Use it in a good way, it will be a powerful tool.


Little Boy