TDM Berhad

TDM Berhad is listed in Bursa Malaysia and has two businesses: Palm Oil plantation - cultivate the trees, harvest, mill and sell crude palm oils. Healthcare - operate four specialist hospitals. In FY14-15, about 83-85% of the profit before tax came from plantation business. Source: TDM's Annual Report FY15 First Encounter I first heard of …

Belle – Sold Out

First Purchase Sold out my position in Belle at 4.81 yesterday. I bought it at 4.72 in late July 2016 (see this post). Return: capital gain of 1.9%, dividend of 4.3% (for HKD 0.205 per share), and forex HKD-SGD gain of ~3.5%. After adjusting for fees, the net return is 9% in 6 months. Second …

Luxottica

Luxottica, the world's largest eyewear company, and Essilor, the world's largest manufacturer of lenses, have agreed a 46 billion Euro merger. The core products from the two companies are naturally complementary - namely eyeglass frames and lenses. Luxottica, based in Italy, designs, manufactures, distributes and retails its eyewear brands. Its own brands include Ray-Ban, Oakley, …

Graco Part 3

Sold out my position in Graco at 85.65 two days ago. I first bought it at 66.98 in July 2015. That's 30% return in 19 months in USD, including dividends. After adjusting for exchange rate gain, thanks to stronger USD, the net return is around 33% in SGD. During this 19 months, I also bought additional shares …

Ferrero defends Palm Oil

It's interesting to see that Nutella maker, Ferrero, publicly defends palm oil. This is the link to the article. Conspiration Theory There are many studies that say palm oil is bad for health when it's consumed as food. But, there are also other studies that refute that finding. In 2013, I spoke to Richard Fung, who …

Coal rebound 2016

All the Boom Commodities experienced super cycle and all the boom from early 2000s until 2011. Look at the thermal coal price chart below where the price rose from 20s to 130s. It's not straight line going up, but the price trend was rising years after years. The middle sharp spike was during 2007 - …

Haier Electronics (Trade Update)

Alibaba's Increased Investment in Haier Last week, on the First working day of 2017, Haier released an announcement on the exercise of Convertible and Exchangeable bond and call option. Basically, there is an increased investment from Alibaba in Haier's logistics subsidiary, Goodaymart Logistics, and they are strengthening their logistics collaboration. This is the upside in …

Global Logistics Properties

Global Logistic Properties Limited ("GLP") is the leading provider of modern logistics facilities in China, Japan, Brazil and the United States. It owns and operates a USD40 billion global portfolio of 53 million sqm (573 million sqft) located across 113 cities, serving more than 4,000 customers. It's listed in SGX and has market cap of …