Based on the Q3 financial results released, I have updated the various numbers on the statement of financial position.
Thursday, 26 November 2020
Eagle Hospitality Trust- Updates On Projected Salvageable Hotel Properties Value from Fire-sales (End 2020)
Sunday, 22 November 2020
Sunday, 15 November 2020
Wednesday, 11 November 2020
After buying a brand new condominium and waiting for the construction to reach Temporary Occupation Permit stage typically requires 3-4 years for an average 600 unit size development. Of course, many residents could not contain their excitement upon receiving their keys and moving in after renovating their dream home. But this is where the nightmare will start.
During the 1st year, the developer will run the condo along with the appointed Management Agent. However, by the end of the 1st AGM, the MCST is supposed to elect its own Management Committee ("MC") members. Most of the good residents will not want to volunteer. In the Singapore SAF full time national service context, these are "extra duties" which snaps up valuable time especially for residents who are still working. There is also no remuneration for being in the MC to look after the estate. One will also have to deal with countless complaints (where some are utterly unreasonable) and fellow residents demanding to be served by the MC in all their requests. Hence most residents do not want to take up such thankless job.
Tuesday, 10 November 2020
What a turbulent one past month of volatility in the worldwide investment scene. Local SGX receded till another low point during the last week of October 2020 and many feared a repeat of the March 2020 stock market crash. But with the sudden Pifzer announcement on 9th November 2020 of a 90% effective and relatively safe vaccine to be ready by December 2020, stock markets worldwide suddenly rallied and roared back to life upon opening today with more certainty that COVID will be defeated and that the devastating economic lockdowns caused by the deadly virus will be no more in the foreseeable future.
One of my friends who invested hundred of thousand of dollars in stocks, told me in late October 2020, that he has sold off all his stocks while waiting for the SGX to crash further in November 2020 in view of the European countries economic lockdowns from 2nd and 3rd waves of COVID which signals that Singapore will also have outbreak of COVID and upcoming lockdown again. Unfortunately, he has changed his tune this morning and is on a wild buying spree today in order to catch the rally of stocks. The old adage of buying low and selling high appears to be easy to say but challenging to practice in real life. Some investors will always end up selling low and then buying back at higher prices.