To The Moon

A case of panic short covering rather than a re-rating? Methinks the collateral damage from the crypto fiasco has yet to run it's course, especially in the so called new tech sector.

I just bought ST Eng, SGX and Raffles Medical. What should I buy next for a 6- 12 mth hold

It is difficult for Spore banks to expand geographically as most countries expect reciprocity. But bank biz in Spore is limited by economic size and demographics So Spore will not be that attractive to foreign banks albeit it is a regional financial centre. In any case, most international banks already have a presence here. Loans are a core biz of the 3 Spore banks but net interest margins are compressing. Whilst some growth may be possible in other sectors like wealth mgt, they are not likely to completely offset the lower revenues from interest earnings. Thus growth looks muted and there is no gttee that current dividend yields can be sustained. SEA in contrast has more growth potential, both geographicaly and in the fin tech area.

Find out more here:Then the moot question is whether the valuation basis for it's unlisted securities is reasonable and fair. Is it? Temasek's valuation approach for its 49% unlisted portfolio demonstrates prudent methodology with industry-standard practices , though inherent challenges in illiquid asset pricing warrant ongoing scrutiny. Here's the structural analysis:

$Tesla Motors(TSLA)$  Tesla has been rated as a tech stock although tbh it is really another vehicle manufacturer like eg Toyota. It now has serious competitors from China like BYD which is equally innovative and has embedded successfully, technology into its products. Tesla's valuation should therefore be more comparable. Re Trump vs Musk, both are supreme egoists. But Must has more brains. And is not a serial liar

Some analysts are recommending a buy anticipating sale of SingPost Centre and possible new mgt initiatives but at last AGM, shareholders were not informed of any plans. Indeed the sale of their Australian subsidiary purely for short term shoring up of the P/L is a strategic miscalculation  The subsidiaryhad some synergy with it's key biz and should have been retained. Previous mgt did little to harness the potential for allied logistics biz when Alibaba bought a substantial stake in SingPost. In the end Alibaba reduced it's stake.   

RMC has been struggling in China, partly because of the slowdown in the economy, but due to inability to overcome markets scepticism over a new foreign hospital' s professional credentials. Hopefully, the recruitment of a new Greater China biz development head with solid prior experience in this sector in China ( ex Ping An Health) will remedy this!

The positives of an interest rate cut has been overstated. Whilst it will benefit  companies and individuals who have floating rate loans, those on fixed rate ( essentially long term ) loans will not benefit The risk is that it will force unwinding of particularly, USD assets funded by JPY borrowings. This will result in a weaker USD already battered by dedollarisation in trade transactions, eroding confidence in USD as a reserve currency ( note latest move by France to illegally seize Russias USD assets) and anxiety over geopolitical risk in the Middle East and Ukraine. The end result will be stagflation. Not a scenario to look forward to.    

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$Tiger Brokers(TIGR)$ This is likely to bring more swing voters to Trump especially if Joe Biden insists on standing for reelection despite increasing concerns about his cognitive powers  Markets will not react negatively as Trump is generally pro business and transaction inclined. So many geopolitical confrontations now impeding global trade may be peaceably resolved.    

The system currently nets the dividends received against the purchase cost of the securities  to calculate P/L. This distorts the real P/L of a transaction.