Is the worst over?
By Pehon | July 31, 2007
We’ve seen the STI recover from the lows of 3444.05 to the 3577 levels over the last 3 days.
With the US market looking for a firm opening today after positive earning report and positive economic reports, it looks like the worst is over.
Or is it?
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Where have I been?
By Pehon | July 31, 2007
Well, in case anyone has been wondering where I’ve been over the last few days, I’m still alife. Haven’t killed myself over the short correction =)
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S&P sees worst week since 2002
By Pehon | July 29, 2007
The STI closed down 2.4% on Friday, after the synchronised sell off by Dow Jones on Thursday night (Singapore).
And the worst is probably not over. The Dow fell 1.54% and the S&P fell 1.6% on Friday night as Singaporeans were partying away.
What should we expect from here. What can we do from here?
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The Theory of P/E Ratio
By Pehon | July 29, 2007
Price Earning (P/E) ratio. You’ll find this ratio all over research reports, and its probably the most important ratio of any particular stock, as it seems that it determines the fair value of a company.
P/E ratio of a stock is a measure of the price paid for a share relative to the income or profit earned by a firm per share. But what does it mean to a retail investor like me?
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Topics: Quick Lesson | 2 Comments »
Preview on tonight’s post
By Pehon | July 29, 2007
Have you ever wondered how the P/E ratio is calculated, and once calculated, what it means to investors like you?
Well, tune in tonight (Sunday, 29-07-07), and I’ll talk about the theory of P/E ratio, how its calculated, and what it means to investors!
Topics: News | 2 Comments »
My favourite qoute
By Pehon | July 26, 2007
From my idol, Warren Buffett, in an interview with CNBC reporters, I remember him saying last year, when the market was in a sharp correction, that he was starting to accumulate on falling stocks.
When asked why does he do that, he replied, not the exact words,
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Aztech 2Q07 Performance Review
By Pehon | July 26, 2007
Aztech recently announced a its 2Q07 and achieved in 1H07 vs 1H06 a Net Profit increase of 26.4%, with a Turnover increase of 16.4%.
However, if you were to look at the 2Q07 vs 2Q06 comparison, you’ll see a 12.9% increase in Turnover, versus a small 2.0% increase in Net Profit.
Is there something wrong with the performance of the company?
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US Market Morning Note
By Pehon | July 26, 2007
As the Singapore, and global market seem to be mimicking what ever the US market is doing, here is a low down on earning reports overnight.
Overnight, futures fell on concerns about the housing situation in USA. The market is awaiting home sales figures for June at 10pm Singapore time and they are expected to see a Read the rest of this entry »
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Buying Warrants as Insurance in a Bear Market
By Pehon | July 25, 2007
A few months back, one of my reader requested that I explain the concept of buying warrants as an insurance for your portfolio.
Let me paint you a scenario. You’re holding a portfolio of STI stocks (ie Singtel, Capital Land) worth $100,000. However, for some reason or another, the indications of a possible short term bear market is imminent.
There are 3 things you can do.
- You can take profits. However, as we have seen over the last few months, the signs are never clear. You may just sell your stocks and suddenly see the bulls charge again.
- You can sit there and do nothing. This is my recommended method for long term investing.
- You can take an insurance, in the form of warrants.
We’re only interested in the 3rd method in this post.
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Aztech Earning Preview. What to expect?
By Pehon | July 24, 2007
Aztech is due to release their 1H2007 results on the 25 July 2007. So what can we expect out of Aztech?
In case you don’t already know, Aztech’s big supporter has recently release an updated report, raising the target price to $0.94 (link here: Aztech report 23-07-07). And yes, thats probably the reason why you saw Aztech exploded to its current high of $0.74.
Congrats to those who bought Aztech on my recommendation at the start of the month.
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