InvestIdeas

Dear all, kindly visit my blog (address stated below) which is dedicated to my value investing philosophy. Feel free to share views/opinions on the various topics discussed through the "comments" box. Thanks for your support !

dear mw :

it's always good to see you again....

by the way, why dont u occasionally cut and paste some of what you write in your blog into this forum as well....share with us so we can learn from your value investing philosophy....

of cos, i dont expect you to paste everything...else, who will visit your blog, which is the purpose of advertising here, right... but maybe just a meaningful section as a teaser....then in this case, it becomes a win-win situation for both you and the forummer/s with interest in this website... fairer arrangement, dont you think?

ps : will u consider putting up a reciprocal link to www.wookup.com/huatopedia at your blog ?

Hi all, I did a post on Behavioural Finance Series on Over-Reaction Bias. Below is a small para from that post (please visit my blog for the full posting):-

"To continue with this series on behavioural finance, I now touch on the concept of over-reaction bias. The first two parts dealt with the problems of mental accounting (compartmentalization of money into distinct and discrete "accounts") and over-confidence (a typical human trait where most people feel that they are infallible). Over-reaction bias is a type of behaviour which results in human beings over-reacting to certain news, which is another way of saying you "let your emotions override your good sense"."

Regards,
Musicwhiz

Dear all, my review of PAH FY 2008 financials has been posted on my blog. Kindly have a visit and leave comments if you wish, thanks !

A sample as follows:-

"For FY 2008, revenues were 32% up from HK$5.3 billion to HK$7 billion, while cost of sales only increased 26.3% from HK$4.3 billion to HK$5.5 billion. This reflects better efficiencies which PAH was able to employ in their operations, and gross margin improved from 17.8% in FY 2007 to 21.6% in FY 2008. However, selling and distribution expenses rose significantly (by 214%) as a result of higher expenses incurred in selling fishmeal and also PAH's expanded operations."

Dear all, Part 1 of my review and analysis of Boustead's FY 2008 financials and prospects has been posted on my blog. Kindly leave comments if you wish, thanks ! A sample is as follows:-

"If one takes a close look at the Income Statement, revenues for FY 2008 had increased 27.5% compared to FY 2007, while COGS had increased by 33.5%. As a result, gross margin dropped from 34.1% in FY 2007 to 31.0% in FY 2008. This can probably be attributed to the slew of constructions projects which Boustead Projects had taken up, in which the cost of materials had been rising in the past year."

LOL - haven't seen you around for a while. Welcome back!

Thanks Grandrake ! Actually, I've been posting in Ezra, Swiber and Boustead threads for quite some time, and been engaging Winston on several aspects of their businesses too.

Musicwhiz wrote:Thanks Grandrake ! Actually, I've been posting in Ezra, Swiber and Boustead threads for quite some time, and been engaging Winston on several aspects of their businesses too.

Oops! Paiseh, paiseh.... (ducks away because he doesn't trade much SGX stocks and so didn't read....)

My latest post deals with the issue of a bear market and how we should embrace it instead of fearing it.

Here's a snippet from "The Beauty of a Bear Market":-

"On hindsight, it would have been extremely obvious to a casual observer and a reasonable person that the market would turn bearish this year. That is the problem in general with predictions - they are usually extremely accurate only by looking at history ! However, this post is not to lambast people who attempt to time market cycles (some do get it fairly accurate but are often unable to repeat the "stellar" performance); but rather, it is a post to illustrate how one should take full advantage of a bear market to look for bargains."

Kindly visit my blog to read the full posting.