Choosing winners is hard. So I came up with a stock picking checklist based on my past mistakes to see if I can improve my stock picking skills. My strategy involves picking two categories of stocks: “Compounders” and “Deep value”. “Compounders” are stocks which can increase their earnings over the long term. Holding such stocks … Continue reading Stock picking criteria
HRnet 1H21 results: Still anti-fragile
HRnet reported great results for the first half of 2021. HRnet’s revenue, gross profit and net profit reached a record high in the first half of 2021 because of a big jump in flexible staffing and professional recruitment revenue. Source: HRnet 1H21 results presentation Here are the key points for HRnet’s 1H21 results: Revenue was … Continue reading HRnet 1H21 results: Still anti-fragile
Why I’m holding Fiverr
Fiverr’s share price crashed 30% this week after releasing second quarter 2021 results. Second quarter 2021 results were great with revenue (up 60% year on year) and free cash flow (up 215% y/y) growing nicely. However, Fiverr shocked the market by cutting guidance for 2021 revenue. From Fiverr’s CEO: When COVID restrictions were lifted in … Continue reading Why I’m holding Fiverr
iFAST 2Q21: Good but not great
iFAST second 2021 results were decent but not good enough for the company’s high valuation. Most of the company’s key metrics including net revenue and profit were up year on year but down quarter on quarter because of lower stockbroking commissions. This sequential decline in net profit broke the company’s winning streak where net profit … Continue reading iFAST 2Q21: Good but not great
Selling Visa
I recently sold my Visa shares to buy shares in other companies. The share price has done pretty well since I bought shares and I already have MasterCard so I decided to invest the money in other parts of my portfolio. Second quarter 2021 results should be pretty awesome with the US economy normalizing so … Continue reading Selling Visa
Why iFAST has a 50% chance to be a Malaysia digital bank
iFAST is bidding with Koperasi Tentera, THZ Alliance and Mr Lee Thiam Wah, founder and major shareholder of 99 Speed Mart for one of the five Malaysia digital bank licences. The iFAST-led consortium will be known as iFAST Bank with iFAST owning a 40% stake in the digital bank. From iFAST. “The Malaysian consortium partners … Continue reading Why iFAST has a 50% chance to be a Malaysia digital bank
iFAST: A blue sky scenario
The share price of iFAST has exploded upwards this week after the company was included in the MSCI Singapore small cap index. Fund managers are buying. Retail shareholders are selling. One of the iFAST directors even sold some shares last Friday. Is iFAST still a buy now? Here’s a scenario where iFAST can still be … Continue reading iFAST: A blue sky scenario
Fiverr vs Upwork: 3 takeaways from my 1st gig purchase
After receiving my first Fiverr deliverable, I'm convinced that Fiverr has a strong moat and a long growth runway. I was having WordPress problems for my website and decided to try Fiverr and Upwork. Three things stood out: First, Fiverr is way ahead of Upwork in terms of buyer experience and ease of use. Fiverr … Continue reading Fiverr vs Upwork: 3 takeaways from my 1st gig purchase
Selling SOG
I have sold 90% of my shares in SOG at SGD0.27 and will probably sell the remaining shares soon for the following reasons. First, my original reasons for buying SOG may not be valid. I bought SOG because of earnings upside from their younger doctors especially their pediatric and cancer clinics. However, two out of … Continue reading Selling SOG
iFAST: Why iFAST can afford free SGX trades
Why is iFAST cutting their SGX stockbroking fee to SGD8.80 fee for even a SGD1 million trade? First, stockbroking is not the main business model of iFAST. Stockbroking transaction fees only made up 12.8% of their 2020 net revenue. iFAST is a diversified wealth management platform offering unit trusts, bonds and insurance products and they … Continue reading iFAST: Why iFAST can afford free SGX trades
Coupa Software: A smart buy
Coupa is a business spend SAAS (Software-as-a-Service) company which benefits from network effects, high switching costs and could be a beneficiary of a normalizing economy during 2021. I’m involved in procurement during my day job so I was impressed by Coupa’s cloud software. Business spend can be a slow and manual process. Before buying something, … Continue reading Coupa Software: A smart buy
