Value Investing is DEAD

many think long term but acts short term lol

(10-09-2013, 01:19 PM)paranoid Wrote: this forum has gone from Hot to cold in the last 2 months.
Many value stocks have gone quiet with virtually no interest.

is value investing dead ?

If nothing to talk, what to talk about?

Many of the foreign investor, especially the ang mohs I spoke to they find Singapore market too shallow and lack the fundamentals. IMO, I find this very true comparing to rest of the markets such as HKEX, NYSE, ASX. However, this does not mean that our local bourse has got no value in it. Most value requires time and patience to unlock and realize. For example, Fraser and Neave, SC global, Guthrie holding just to name a few of those already happened.

Whether our exchange has been doing justice to good companies who does not move or "dead", I leave that debatable. Our uniquely Singapore bourse have a few unique features that rest of the world does not. Such as Contra trades and the penny play that made operators or syndicate millionaires, and this has never been clamped down and this will continue, if we do not belong to that league of participants and do not wish to be burnt by those top20; It will be best to wait patiently for your counter to be unlock

Value investing is dead? I am Deadly invested in value.

contra should be banned
but revenues would be lost

Why need to talk for the sake of talking, although some time TCSS can be fun ?

(11-09-2013, 02:09 AM)DP28 Wrote: Many of the foreign investor, especially the ang mohs I spoke to they find Singapore market too shallow and lack the fundamentals. IMO, I find this very true comparing to rest of the markets such as HKEX, NYSE, ASX. However, this does not mean that our local bourse has got no value in it. Most value requires time and patience to unlock and realize. For example, Fraser and Neave, SC global, Guthrie holding just to name a few of those already happened.

Whether our exchange has been doing justice to good companies who does not move or "dead", I leave that debatable. Our uniquely Singapore bourse have a few unique features that rest of the world does not. Such as Contra trades and the penny play that made operators or syndicate millionaires, and this has never been clamped down and this will continue, if we do not belong to that league of participants and do not wish to be burnt by those top20; It will be best to wait patiently for your counter to be unlock

Value investing is dead? I am Deadly invested in value.

True. Hard to find companies with good moats, let alone good moat + trading at good value (except for some S-Chips..).

(11-09-2013, 08:40 AM)felixleong Wrote: contra should be banned
but revenues would be lost

contra or no contra for sgx stocks no diff because singapore bourse are not speculative at all, you need hot speculative market for contra to work before when clob exchange was still around it was a hot market because singapore and malaysian stocks where open to investors in both countries trading and volume was very high.

Also before the lowest price for any share on sgx is half cent or 0.05 now because of another decimal place the lowest price can go to 0.001 means to make money you have to buy a lot to make up for thin trades and with only T+2 for contra trades means it's a huge risk now.

I never contra stocks, but I do speculate so instead of using contra whatever I buy I must be able to pick it up so I reduce my risk and have the luxury of time to wait it out.

(11-09-2013, 08:59 AM)sgd Wrote:

(11-09-2013, 08:40 AM)felixleong Wrote: contra should be banned
but revenues would be lost

contra or no contra for sgx stocks no diff because singapore bourse are not speculative at all, you need hot speculative market for contra to work before when clob exchange was still around it was a hot market because singapore and malaysian stocks where open to investors in both countries trading and volume was very high.

Also before the lowest price for any share on sgx is half cent or 0.05 now because of another decimal place the lowest price can go to 0.001 means to make money you have to buy a lot to make up for thin trades and with only T+2 for contra trades means it's a huge risk now.

I never contra stocks, but I do speculate so instead of using contra whatever I buy I must be able to pick it up so I reduce my risk and have the luxury of time to wait it out.

T+2 only meh? Wouldn't the broker be able to offset trades?

(11-09-2013, 02:09 AM)DP28 Wrote: Many of the foreign investor, especially the ang mohs I spoke to they find Singapore market too shallow and lack the fundamentals. IMO, I find this very true comparing to rest of the markets such as HKEX, NYSE, ASX. However, this does not mean that our local bourse has got no value in it. Most value requires time and patience to unlock and realize. For example, Fraser and Neave, SC global, Guthrie holding just to name a few of those already happened.

Whether our exchange has been doing justice to good companies who does not move or "dead", I leave that debatable. Our uniquely Singapore bourse have a few unique features that rest of the world does not. Such as Contra trades and the penny play that made operators or syndicate millionaires, and this has never been clamped down and this will continue, if we do not belong to that league of participants and do not wish to be burnt by those top20; It will be best to wait patiently for your counter to be unlock

Value investing is dead? I am Deadly invested in value.

I disagree Singapore lack the fundamentals, that's a ridiculous claim. Singapore and Australia are the more fundamental bourses in Asia, despite pockets of speculative activity. There are much worse pump and dump, syndicate cornering, etc in other bourses but that does not mean Singapore cannot improve. Indeed it should have stricter criterias for S-chip instead of lowering our standard to get the revenue or liquidity.

But I do agree we lack the breadth and depth because of how our economy is structured, with GLCs and MNCs. Which is why SGX is so desperate for new listings. So SGX has to decide between quantity and quality. I choose the latter.

(11-09-2013, 09:27 AM)smallcaps Wrote:

(11-09-2013, 08:59 AM)sgd Wrote:

(11-09-2013, 08:40 AM)felixleong Wrote: contra should be banned
but revenues would be lost

contra or no contra for sgx stocks no diff because singapore bourse are not speculative at all, you need hot speculative market for contra to work before when clob exchange was still around it was a hot market because singapore and malaysian stocks where open to investors in both countries trading and volume was very high.

Also before the lowest price for any share on sgx is half cent or 0.05 now because of another decimal place the lowest price can go to 0.001 means to make money you have to buy a lot to make up for thin trades and with only T+2 for contra trades means it's a huge risk now.

I never contra stocks, but I do speculate so instead of using contra whatever I buy I must be able to pick it up so I reduce my risk and have the luxury of time to wait it out.

T+2 only meh? Wouldn't the broker be able to offset trades?

Base on the info from POEMS, I assume other brokers have the similar procedure.

http://www.poems.com.sg/index.php?option...89&lang=en

Can I trade Contra with POEMS?

Yes, you may trade Contra by indicating the Contra function on the SELL order placement screen.
By indicating Contra, it will nett off and re-instate your buy/sell limit when you are selling the share that you have bought within the Contra period. Otherwise if no Contra is specified, the nett off and release of buy/sell limit will only be carried out on the next day.
Take note that Contra option is not available for CPF and foreign trades. The Contra period is defined as the period from the day (T) you bought the stock and the third market day following that day (T+3).

(not a contra trader)