Contemplating my buy on FJBen

Current valuation for Fjben is looking quite attractive with current PE ratio standing at 6.9. Fj ben has hit a low of 0.39 from a high of 95 cent. Earning per share has been increasing steadily since 2004. And I believe that it will continue to increase in the 2 to 3 years ahead as there are many major events taking place that will attract a substantial amount of tourists to Singapore, that is beneficial to Fjben retail business.

My take on the Singapore economy

The overall economy of Singapore is growing at a strong healthy rate with last year GDP growth figure hitting 7.7%.But many economist forecast growth will slow down in between 4 to 6 percent this year due to sub prime mortgage trouble in US, and might get lower if US goes into recession. However, there is still light in the tunnel. The remaking of the Singapore story is still intact. Singapore’s transformation into a global city and its evolution into a mother of all hubs- financial/wealth management, tourism, education, healthcare, research and development are coming along nicely.
That and the development of the two integrated resorts with casinos and the Republic hosting Formula One race and Youth Olympics will set to boost the general economy of Singapore especially the tourism and retail industry.
All in all, we set to look a slower growth rate for the 2008. After two years of exuberant growth in the economy, Singapore is looking to move towards the mature growth stage in the coming years. A recession in Singapore is highly not likely in the next 2 to 3 years. What holds after the next 2 to 3 years for Singapore economy is anybody guess.

Stick with predictable earning companies in times of uncertainty

Right now we still have no idea whether US will go into a recession. However, more and more signs are signalling that US is heading towards recession. I would like to urge investors to take a cautionary appoach towards investing, invest in companies with predictable earnings. Reits and business trusts are safe haven where investors to park their money in times of uncertainty. Cheers

My Latest Buy=Allco

AllcoREITS.. It is a undervalue stock. Net tangible asset per share is twice the amount of price per share.

When US sneezes,Asia now does not catch cold

It used to be when US sneezes, Asia catches cold but now it may not be true anymore.
Asian economies have become less dependent on US economy though tot completely immune to its changes.
Asia growth remained cautiously optimistic. Asia had increase in export diversification away from the US.
For singapore, there is still growth to be seen. Order book for construction companies have been soaring. Lian Beng has just reported that its profit has increase fourfold.
Occupancy rate for hotels in Singapore has been increasing and will be higher when the integrated resorts are ready.
Outlook for retail , telecommunication, transport sectors remain optimistic.
with the recent sell down, investors can buy in when there is fear and sell when the market recover and when greed take over investors.

Oil related companies

With oil prices hitting a all time high, inveator may want to consider to invest in these oil related companies.
Blue Chips
Cosco Corporation
Keppel Corporation
SembCorp Marine
Yangzijiang
Mid-Tier
Ezra Holdings
Jaya Holdings
KS Energy
Swiber
Small Caps
Aqua-Terra
Beng Kuang
See Hup Seng
SSH Corporation
Swissco International

OIL HIT $100 PER BARRELS

With oil hitting US$100 per barrels, get ready to embrace for more bad news ahead in the year 2008.