Making a decisiont to let go Genting

I have been asking myself, should I sell or should I not sell? After all, the punters have been chasing this counter and I'm supposed to go against the flow. Sell before these guys start to realize they are not going to get anything.

In order to get an answer, I went to watch Wall Street. Hope to learn something or two. You may say I'm crazy but I treat this type of movie pretty serious. It maybe a drama, but it does reflect the real thing in life.

Greed will destroy a person. But if you use it in a positive manner, you can change a person life. So I have made a decision to sell this counter and take my profit. By doing this, I do not need to worry whether will this stock rise or I should not sell now. Once it is done, just move on. After all, profit is a profit.

Beating the market for 15 years by Bill Miller

The article can be found in this URL.

Wall Street Part 2

So what does Wall Street Part 2 got to do with us? Well, it definitely has to do with us in every part of it. As an ordinary investor, we must not let greed get into our way.

Like what Michael Douglas said in the movie,"It's easy to get in, it's hard to get out."

So you had bought your shares cheap cheap during the subprime crisis. Now most or in fact all have increased tremendously. So what's next now? Sell? Or keep hoping it will go higher? You have to decide when to get out.

After all, It's easy to get in, it's hard to get out. If you are going for capital appreciation, it's not about when you get in, It's about when you are going to get out.

SIA

Well, the most profitable airline in the World. Strong branding, can always sell expensive seats and of course, only fly big planes.

So is this stock worth buying? Based on DBS Vickers coverage on 30th of July 2010, the price target is $18.62. As of today, it is already $16. So if you intend to buy today, you have $2 dollar more to go before what's next.

In my opinion, SIA shares are meant for capital appreciation, not for dividend yield. After all, it only pays out less than 1%. So WTF of buying and forget? So for those of us who bought it during those dark hours where SIA was cutting here and there, you are going to gain very handsome profit soon.

If you bought it when DBS Vickers coverage was at $10 during last year Feb, today you have already gained at least $6 per share. So, two more bucks before thinking of letting go.

But if you want to gain dividend yield from SIA? Why not consider SIA support companies? It means if these companies do not operate, SIA can't operate either. Consider SATS and SIA Engineering.

Impact of Property Market

With the recent policies about buying properties in Singapore, so what is it going to happen to the stock market? I'm no God and thus, I can't tell you.

If you are wanting to invest in properties for a long long time and now you can't, or maybe you can but don't know when? So where do you put your money now?

I believe some of these folks are going to put it in the stock market, definitely not bank. What does this mean? Some counters may start rising faster than it should.

Let's look at one counter.

G13 (Genting Singapore): When DBS Vickers covered this counter on the 13th of August 2010, the price was $1.28 and their price target is $2 in the next 12 months. As of today, 15th of September before closing, it is already $.197. So do you need to wait for 12 months to reach $2? Maybe at the end of this week, it is going to be $2!!!

So some people must be chasing this counter right? Who says 13 is an unlucky number.

Rebalancing my portfolios

This is what I have currently in my CDP. I have another bunch in my CPF whereby I buy and forget:

1. Cityspring (For dividend yield. Sold today)
   
2. Capitaland (For capital appreciation)
   
3. Genting SP (For capital appreciation)
   
4. SATS
5. SIA (For capital appreciation)
   
6. Soup Restaurant (For discount when I eat at Soup Restaurant. keke...)
   

I have sold my Cityspring. Own OCBC for a day as well and sold it the next day. After buying it, just realized it didn't fit into what I want to achieve for now.

Since I have sold my Cityspring, I will be putting more resources in Capitaland as I believe it is going to appreciate further.

Suntec REIT

Like any other REITs, you buy it for its dividend yield. Based on DBS vickers online info, the yield itself is 8.496%. So it is not bad, close to 10% actually.

However, there is another side of it about Suntec. It's location is constantly affected by events such as road closures (yup. F1 is coming), and then you have IT show whereby nobody wants to go there.

So definitely in certain period of the months, retail will be down. Does it affect the rental? I think it does. If the retail stores gets fed up of it, they move somewhere else. Just look at the shops that is near to the MRT exit, it is now Killiney Kopitam. I remember before that, there were many others who had tried there.

So back to the question now. How about buying it for capital appreciation? Did you realize that this counter is climbing again steadily as compared to other counters?

Starhill Global: 52 week low: $0.504. 52 week high: $0.643. Boring

If you compare Suntec to Capital Mall, of course Capital Mall is more exciting. However, here's the interesting facts. Suntec has higher dividend yield than Capital Mall and Capital Mall is more expensive than Suntec. $1.43 (Suntec) vs $2.04 (Capital Mall) as of today. So which one will you buy?