Stocks to keep a lookout this week

Hu An Cable: This stock has fallen behind its IPO price. With a recent 4.22% stake bought by SEAVI from Goka, shows confidence in the company. With strong growth and profit, I see the stock rebounding soon.

Genting HK: Went up to a high of 53cents in the past month but has since went down together with Genting SP. When the SGX soars again, Genting HK will follow.

Not a good week, my only share in green fell to cost price after XD and a poor week overall..

Pending IPOs

October went by with at least 8 IPOs. Well it's just going to get better isn't it. Mewah and SabanaREIT's both seeking to list on the SGX in time to come. Both of these IPOs will definitely interest most investors.  


For Mewah, its looking to list at a price of $1.25 to $1.55, with about 35million shares issued to the general public for ballot. With the recent price increases in commodities, I think Mewah will be well oversubscribed come the IPO date.
For more, go to http://www.reuters.com/article/idUSTRE6642OB20100705


SabanaREIT's REIT manager forecasts a distribution yield of about 8.02% for next year and 8.05% for year 2012 as written in the Business Times (or 8.45%  for next year and 8.48% for 2012" written in the Straits Times). The REIT will be priced between $1 to $1.10. Apparently this REIT holds some $850 million worth of 15 industrial properties in Singapore, making it the world's largest Reit by asset value. One thing worth noting, Freight Links Express Holdings has a 51% stake in the Sabana Investment Partners. Will it rise when Sabana successfully lists on the SGX? Well, Freight Links rose from 5 cents to about 9 cents in the past month.
For more, go to http://www.businesstimes.com.sg/sub/news/story/0,4574,412539,00.html?
                            http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_601475.html


Also, Fuxing yesterday announced better than expected results, a 129% net profit growth to 22.7million. Hoping for a good dividend come 4th quarter results!

Lessons learnt as a new investor

In the first month, i made many bad decisions which resulted in quite a high unrealised loss.

First, DO NOT ACT ON IMPULSE!
I remember the day when Mapletree Industrial Trust started trading on the SGX, i went straight in to buy at a high price of 1.19 a few minutes when trading began thinking that it will do as well as GLP on the first few days. After those few minutes, people started taking profit and the price has yet to reach back to that price.

Second, DO NOT FOLLOW THE TREND! (unless you are early!)
I bought my current S-chips at close to their peaks. Since they are the first shares i bought, i bought them without doing much homework, but bought them based on reading forums and articles by others. Looking back, when i checked the graph for JES international, I got a rude shock that i bought it after the big jump in price where the company was queried by SGX. Lucky for me, the share seemed to have gained momentum the past week and hopefully it can soar further!

Lastly, DO NOT BE GREEDY!
Riding on the IPO fever, i bought Mapletree Industrial Trust at a high price of 1.19. Best of all, i bought 7 lots, which cost quite a lot considering my current income only comes from my NSF allowance. When i queued for 7 lots, i thought i could make a quick buck. Thinking back, if i weren't that greedy in the first place, i would have a better positioned portfolio than now.

However, one should not whine and harp on what has happened. Instead, one should learn from their mistakes and do better in the future! Hopefully the week ahead will be as good or even better than the last considering DOW did pretty well on Thursday.

Current Portfolio on 6 November 2010

Date Bought Name                           Qty           Avg Cost     Last Price     %Profit/Loss
22/09/2010 Fuxing China                 5000          0.1854             0.16           -13.72
28/09/2010 JES International           5000          0.36                  0.345         -5.62
15/10/2010 SATS                           3000           2.8304            2.90             2.46
21/10/2010 Mapletree Ind Trust      7000           1.1944             1.1             -7.91
21/10/2010 Mapletree Ind Trust      1000           0.932               1.1             18.06

The Start

Currently only 20, i hope that investing can provide me with another source of income. Started investing in equities just only a month ago, my portfolio now is seeing improvements as i seek to learn from my mistakes in these early days of investing. My current portfolio includes 2 local and 2 S-chip stocks which i see growth in.