Fun @ Singapore Zoo

Time flies! The last time *OEE* is at the zoo, it was 19 months ago, where he has to be carried and had no interest in seeing the animals. This time, he gets to walk around (most of the time insisting not to hold daddy and mummy hands) and spent time observing animals in the enclosure. He can now sit through the showtimes looking at the shows instead of dozing off comfortably in daddy's arms. *OEE* also has a particular interest with the orange trams, and would stop and point at every tram that comes along the way! Thank God for the great weather where the sun is kept hidden behind clouds during the time we are in the zoo. And yes, Kids under 3 is still Free Admission.

Nothing much has changed in the zoo. The new developments are the expansion of Kidsworld where the new facility is currently under construction. Most of their toilets are newly renovated and the route to the zoo from the multi-storey carpark has changed, with the Bird Paradise opening next year. We happened to see wild monkeys in the zoo this time, and visitors are advised to stay away from them, least the monkeys start getting aggressive with the uninvited attention. A great, fun day at the Singapore Zoo with *OEE*!

Like a boss inspecting a peacock running across

Looking at the majestic lion with interest

3Q 2022 Investment Strategy Update

What a combination of disaster. Russia war with Ukraine still grinds on, stubbornly high inflation has lead to central bank raising rates (0.75%) 3 times in a row. Businesses are forecasting recession and started laying off employees. Chances of USA entering recession in the next 12 months has increased from 40% to 52% just a few days ago. Market has been grinding down for the past 4 weeks with no ends in sight. What a disaster!

DJI ended at 28725, a decrease of 2050 points (-6.66%) compared to 2Q 2022. For Singapore, STI ended at 3130, an increase of 28 points (+0.90%) compared to last quarter. Singapore market bucks the global trends and are impacted lesser due to STI having a high weightage for banking counters (accounting for 42.5% of STI weightage), as rising interest rates is a positive for banks since they stand to earn more profits from the widening NIM. Ever since Putin started the war on 24-Feb-2022, DJI has lost 7613 points (-20.95%) compared to the end of 2021, while STI has increased 7 points (+0.22%) instead. For this quarter, I am just sitting ducks collecting dividends and taking opportunistic additions for counters that I deem have high growth potential:

Transaction 1: Bought 1 batch Singtel shares in July.

Rejoice! India Airtel has turnaround from loss to profits as competition eases and competitors started raising their product offering prices. Singtel and Grab GXS Bank has launched in August and is a positive catalyst for additional profits. Will continue to add if shares price is below $3.00.

Transaction 2: Bought 1 batch HPH Trust shares in July.

Management has guided they are continuing their debt reduction plan at a tune of HKD $1.00 billion a year. With the rising interest rate and plans for expansion of berths in the next few years, the distributable amount is expected to increase. Buy in today to enjoy the fruits later.

Transaction 3: Bought 1 batch China Everbright Water shares in July.

Last buy in for this counter as it has hit my internal target investable amount. Expecting China will continue to focus on Industrial Wastewater Management as the economy develops. This counter should do well in the long term as they continue to apply for price adjustment (increase) for their treatment services to combat inflation.

Transaction 4: Bought 1 batch OxPay Financial shares in July.

I continue to be sold on the company plans for riding on the digital economy wave as a financial services technology platform provider. The only obstacle now is if the company is able to onboard more partners to use their service and expand regionally. If they succeed, it will be a cash generating machine similar to VISA.

Transaction 5: Bought 1 batch Man Utd shares in July.

With poor performance, guess the end of road is near for Man Utd Glazer to sell off all their shares. Recently, news article reported that 3.75 billion pounds will be enough to entice the Glazer family to sell. Now, I am just waiting for the White Knight to appear.... 

That is all for now. See you all in Q4 2022 update and thank you for reading thus far.