Working Capital and Why It Is Important in Investing

I have started a series of posts on understanding financial statements. This is because I have received questions from readers asking whether there is a need to have a financial background in order to analyse annual reports/financial reports. I did not receive any formal finance or accountancy training. The only course I took was a … Continue reading Working Capital and Why It Is Important in Investing

Union Gas Holdings Limited (SGX:IF2) – Under-appreciated Cash Flow Machine with 7.5% Yield

Union Gas Holdings Limited (SGX:IF2) has reported an increase in profits for FY19 and ended the period with $6.8 million of free cash flows.The double digit growth in revenue and profit is due to the incorporation of their commercial LPG business and it can have a positive impact on Union Gas's future earnings.The COVID-19 will … Continue reading Union Gas Holdings Limited (SGX:IF2) – Under-appreciated Cash Flow Machine with 7.5% Yield

Straits Trading (SGX:S20) – Value Unlocking Continues but…

Real estate company Straits Trading (SGX:S20) is valued by the company at a 44% discount to its net asset value of $3.66 based on its current share price of $2.07. If based on my RNAV calculation done in my previous post (see here), it would be trading at 43% of RNAV of $4.79. I decided … Continue reading Straits Trading (SGX:S20) – Value Unlocking Continues but…

Scorpio Tankers (NYSE:STNG) – IMO2020 an Upcoming Catalyst

IMO2020 is a upcoming catalyst that would boost tanker charter rates due to the rush to stock up on low sulfur blend fuels in ports worldwide. Combined with supply straining and demand picking up in a seasonally strong quarter, Scorpio Tankers (NYSE:STNG) could benefit from the industry's bullish fundamentals and share price could go higher … Continue reading Scorpio Tankers (NYSE:STNG) – IMO2020 an Upcoming Catalyst

United Global (SGX:43P) – Taking off with Repsol (BME:REP)

On 30 September 2019, United Global (SGX:43P) announced that Spain's oil major Repsol (BME:REP) will purchase a 40% stake in one of their subsidiary, United Oil Company, for up to US$46.5mil. While selling a huge stake in their core business does not sound like good news, I felt otherwise. After understanding Repsol's ambitions in the … Continue reading United Global (SGX:43P) – Taking off with Repsol (BME:REP)

The Difference Between a Good Investor and a Great Investor

Anyone can be an investor. Select a strategy, approach, strategy or model and put in your money to create your portfolio. Depending on the performance, you may get returns that beat whatever index you bench-marked your portfolio against and be considered a "good" investor. But what does it takes to be elevated into "great" status … Continue reading The Difference Between a Good Investor and a Great Investor