Here is my analysis of Yangzijiang Shipbuilding. The PE ratio is extremely low. This stock seems to be undervalued.
Thursday, March 11, 2021
Investing my SRS funds
I have to invest $300,000 in my SRS funds over 10 years. I have to invest in Singapore stocks. Here is my approach.
WOTC - Abuse of foreign maids
Wisdom of the Crowd: 81% of the respondents are concerned about the abuse of foreign maids by employers.
Wednesday, March 10, 2021
My view on US growth stocks
I share my views about the immediate future for US growth stocks which have recovered by 10% last night.
Wisdom of the Crowd
Will you get the covid vaccine as soon as available?
Give your vote in
www.tklcloud.com/Crowd2/vote.aspx
WOTC - Abuse of foreign maids
Wisdom of the Crowd: 36% of the respondents said that foreign maids should be given better access to their embassies to combat the abuse by employers.
Quora: What has China done to the USA for the USA to be tough with it?
John Fenn, lived in California for 20 years, replied.
The Chinese have done a number of things wrong. This has really gotten the Americans totally flummoxed.
They have been wildly successful in bringing EVERYBODY out of poverty.
They care about EVERYBODY. All of them.
The will no longer kowtow to the US, nor anybody else.
They have developed non dollar trading mediums.
They have circumvented US hegemony
They have developed their own allies
They have pursued win win economic policy with their neighbours
They have signed up half the world into the Belt and Road trading group.
They have stayed in their borders.
They are too big to attack.
They provide the chain of supply for the US government and military.
And thanks to Felix Su :- Last but not least. They’re doing Capitalism better than the US. That isn’t allowed. How dare those Chinese go from Communism to Capitalism and beat the US in 50 years!
I could go on but ALL of these things are anathema to the Ferengi. The US hate success in others, especially when they cannot get a piece of the action. The US prefers a zero sum game. I win, You Lose.
Tuesday, March 09, 2021
Insane to use CorpPass
We need experienced and practical people to design systems and processes. We should not rely on inexperience people (including those with impressive paper qualifications)
WOTC - Covid vaccinations
Wisdom of the Crowd: 64% of the respondents were not concerned that Singapore was slow in rolling out the covid vaccinations.
Keep in touch with reality
Singapore will continue to regress when the leaders and civil servants continue to live in the cloud and not keep in touch with reality.
Removal of CorpPass - at last!
Our Smart Nation people is not so smart after all. They wasted a lot of time and resources in introducing CorpPass which was unnecessary and wasteful.
Monday, March 08, 2021
Review of Tesla - increasing competition in EV market
I share my views about how Tesla stock price will perform in the light of greater competition in the EV market.
Death due to covid vaccination
Should compensation be paid for a person who dies shortly after being vaccinated
Give your vote in
www.tklcloud.com/Crowd2/vote.aspx
WOTC - Urban farming
Wisdom of the Crowd: 85% of the respondents said that young people should be encouraged to work in urban farming.
WOTC - MFA statement on Myanmar
Wisdom of the Crowd: 64% of the respondents said that it was not appropriate for the Ministry of Foreign Affairs to issue a statement on the use of force against protesters in Myanmar.
Sunday, March 07, 2021
A suspected phone scam
I received a call from an unknown number 94801749.
When I answered, a pre-recorded message said that my phone will stop service within a short time. I have to press 5 for more details.
I suspect that it is a scam.
I terminated the call. I called back the number. There was no answer.
I wonder if the Police will take the trouble to investigate this potential fraud, if I lodge a report?
Or, they will do nothing?
Note - I have lost trust in the Police and many government agencies in Singapore. They have become very bad under LHL's administration.
WOTC - Improve governance in Singapore
Wisdom of the Crowd: 56% of the respondents consider that more transparency and accountability as the most important change to improve the system of governance in Singapore.
WOTC - Petrol tax hike
Wisdom of the Crowd: 86% of the participants have a negative view of the petrol tax hike in Budget 2021.
ETFs available for Singapore investors
I have often been asked about ETFs for China shares or US shares.
I prepare this post to explain the ETFs that are available for investors in Singapore.
Saturday, March 06, 2021
A good system to pass national laws
China has a good system to pass its national laws. It is superior to the system adopted in western democracies.
Reacting to a sharp market correction
I explain my thinking process of reacting to the sharp market drop on 5 March 2021.
Friday, March 05, 2021
China's two sessions
The "two sessions" of China's political process is now in session.
Some people think that this is a "rubber stamp" body and that the actual decisions are taken by the Communist Party of China.
They are mistaken.
The political process in China is superior to the process in most democratic countries. It probably contributes to the progress that China has made during the past three decades.
Analysis of large cap technology stocks
I present an analysis of large cap technology stocks - with a market capitalisation of $100 billion or more. The core stocks are referred as the FAANG stocks (Facebook, Apple, Amazon, Netflix and Google). I have added a few others.
Keep an open mind about views of other people
A former chief editor of the Straits Times (now retired) wrote an article conveying his observation about the bias in the western media towards events in China.
His observations are based on what is happening in recent days. Some of the media presented a biased view and did not give a balanced view on the subject.
Thursday, March 04, 2021
Wisdom of the Crowd - New Issues
1. The governor of Texas decided to relax the covid restrictions
2. Should our ministers comment on the situation in Myanmar?Vote in
https://tklcloud.com/Crowd2/vote.aspx
Governor of Texas relax the covid measures
The governor of Tex has decided to remove the mask mandate and to allow businesses to operate at 100% capacity.
I give my reason why I agree with the his decision.
He made the following points:
a) The daily new cases and daily deaths have come down significantly
b) Many people have been vaccinated
I agree that the risk is now lower. With the warmer climate, the cases should come down further.
The question is - should be wait a few more months, or act now?
This is a judgment that a leader has to take. He took the decision to act earlier, so that the economy can recover.
There is the risk that the situation can get very bad, and he has to reintroduce the restrictions.
There is still the possibility that the situation can remain under control and the economy and livelihoods can start to recover.
Given the balance between the risk and the benefits, I agree with his decision to relax the measures.
If things turn out to be bad, he can reintroduce the measures. Furthermore, I expect that the people will be careful and will voluntarily observe the measures - if there is a need for them to take the precautions.
I wish the governor all the best in his bold decision.
http://tklcloud.com/Feedback/feedback2.aspx?id=4047
Wednesday, March 03, 2021
Wisdom of the Crowd - New Issues
2. Statement by foreign minister about approval of vaccines in Singapore
Vote in
https://tklcloud.com/Crowd2/vote.aspx
Should MAS and SGX allow SPAC to be listed in Singapore?
Hong Kong is now considering to allow SPAC (special purpose acquisition company) to list in the HK exchange.
Quote:
Hong Kong is exploring whether to allow Special Purpose Acquisition Companies (SPAC) to list in the Asian financial hub, according to a government statement, indicating that a largely US phenomenon could be going global. A SPAC is a blank-cheque company that raises money through an initial public offering (IPO) with the intention of merging with another firm, allowing that business to list more quickly. Most SPACs so far have listed in the United States. They raised US$60 billion in the first two months of 2021, Dealogic data showed, already more than 70 per cent of 2020's annual deal value.
TKL comments - I expect that the Singapore Exchange SGX and MAS will also study this trend.
I suggest a different approach.
The interest in SPAC is a reflection of outdated listing practices in exchanges that increases cost and complexity of ordinary IPO.
Instead of allowing SPACS to get around the tiresome regulations, the exchanges should consider updating the listing requirements.
Tuesday, March 02, 2021
Wisdom of the Crowd - New Issues
1. What assistance should be given to people who still suffer financial distress in 2021?
2. Is is appropriate for the government to control postings in social media?Vote in
https://tklcloud.com/Crowd2/vote.aspx
Wisdom of the Crowd - New Issues
1. What assistance should be given to people who still suffer financial distress in 2021?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
Analysis of travel industry stocks
I made an analysis of the travel related stocks (airlines, hotels, cruise operators). They have recovered strongly in recent months due to optimism over the rollout of the covid vaccines.
WOTC - Supermarket trolley
Wisdom of the Crowd: 44% of the respondents prefer the customer to scan the QR code to use a supermarket trolley. 37% opted to disallow the customer from taking the trolley outside the supermarket.
Monday, March 01, 2021
DBS Invest Saver
Dear Mr Tan,
I like to seek your advice on dbs invest saver. I am not very familiar if it is good. But I know you do recommend on STI etf.
And dbs invest saver I find is the convenient to transact for $100 every month. But must it be always the same fund?
For example I place $100 for Nikko Am. So all the way must be Nikko Am. Or I can change
REPLY BY TKL
Hello, you should ask DBS if they allow you to change from one fund to another.
Follow the example of China
Singapore should follow the example of China, rather than America, in running the country for the benefit of the people.
Wisdom of the Crowd - New Issues
1. Do you agree with the National security law in Hong Kong
Vote in
https://tklcloud.com/Crowd2/vote.aspx
WOTC - Circuit breaker restrictions
Wisdom of the Crowd: 72% of the respondents disagree with the circuit breaker restrictions.
Sunday, February 28, 2021
Wisdom of the Crowd - New Issues
2. Which mode do you prefer to receive government and business communication?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
Wisdom of the Crowd - New Issues
1. Are you positive about the quality of the ministers in Singapore?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
WOTC - Will the Singapore economy recover in 2021?
Wisdom of the Crowd: 71% of the respondents do not expect the economy to recover in 2021.
Quora: Is it safer to live in China than US ? And why?
Ward Chartier. Retired. Former manufacturing ops General Manager (2017–present)
Lived in Shanghai for seven years. During that time I was aware of one local person who lost a wallet to a pickpocket operating in a tourist area. Another time, someone broke into the trunk of a friend’s car and took a few items of low value. I never suffered any losses.
Sometimes I might be walking home past midnight on lonely but well lit roads. There might be young women walking alone, going home after work in the factories or restaurants. They seemed to be completely unconcerned that they would reach home safely. I can’t imagine this happening in any city in the US with a population larger than 1 million.
I only traveled outside of Shanghai a little, maybe 6 weeks total. From what I hear, the smaller cities and countryside are very safe.
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