tag:blogger.com,1999:blog-2011194091106156925.post2011869372763326494..comments2024-03-27T14:09:10.049-07:00Comments on Sillyinvestor: Why am I adding CM pacific?Unknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-2011194091106156925.post-32306312807804562102021-03-27T06:33:18.527-07:002021-03-27T06:33:18.527-07:00I came across this link on short term endowment pl...I came across this link on short term endowment plan, hope can provide more insights.<br /><br /><a href="https://www.prudential.com.sg/products/savings/other-savings-goals/pruactive-saver-II" rel="nofollow">short term endowment plan</a>s<br />Priya Jhttps://www.blogger.com/profile/13866620063573505712noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-29721388573920380522016-02-14T14:09:55.648-08:002016-02-14T14:09:55.648-08:00Choon Yuan,
You have a point! I will do another b...Choon Yuan,<br /><br />You have a point! I will do another blog post on its loans. They are ammortized, at least the bulk of it is Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-64173044093416905742016-02-14T04:14:01.757-08:002016-02-14T04:14:01.757-08:00Intersting analysis and yes it is important to not...Intersting analysis and yes it is important to note, dividends are sustained by cashflow and not reported profits. <br /><br />However it is important to note average age of its expressways is about 20 years; so if CMP decides not to buy new expressways and amortizes their 4.7 Bil HKD debt, FCF is roughly about debt, one should note the annual free cashflow is about 1 Bil HKD (s 9.4cents per share). So MOS in terms of cashflow may not as big as expectedChoon Yuanhttps://www.blogger.com/profile/12611026055011755624noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-52408036177357138882016-02-14T04:11:22.777-08:002016-02-14T04:11:22.777-08:00This comment has been removed by the author.Choon Yuanhttps://www.blogger.com/profile/12611026055011755624noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-53476512749851047262016-02-13T21:35:20.839-08:002016-02-13T21:35:20.839-08:00Anyway, you could be well right and I crying 12 mo...Anyway, you could be well right and I crying 12 months down the road Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-3135810309832613902016-02-13T21:30:46.195-08:002016-02-13T21:30:46.195-08:00Value trap depends on the price of purchase Felix....Value trap depends on the price of purchase Felix. <br /><br />Anyway, sabana and CM are a class of difference. CM bought expressways and booked accounting profits, and turn them into operating profitable roads.<br /><br />Sabana bought 50% vacant building and it stay that way for years and sold building at below IPO valuatio Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-50505745001861074702016-02-13T21:01:16.590-08:002016-02-13T21:01:16.590-08:00This is an obvious value trap, the recent acqusiti...This is an obvious value trap, the recent acqusition was a big value destruction to shareholders<br /><br />Do not be blinded by dividends alone, else u shall suffer the same fate as sabana and lippo mall shareholders<br /><br /><br />If management is bad, the stock's long term fundamentals will be in danger<br /><br />^_^https://www.blogger.com/profile/18369072100189617179noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-82388893533239006412016-02-13T20:46:49.705-08:002016-02-13T20:46:49.705-08:00Actually, is CNY to SGD or HKD to SGD really depre...Actually, is CNY to SGD or HKD to SGD really depreciating ? Significantly I mean? <br /><br />I think USD strengthening is a better choice of word. HKD to 1 SGD is like around 6 for a few years already ?? <br /><br />The same story goes for RMB. Going forward, the RMB might be under more pressure ... Maybe 1: 5 soon? <br /><br />Anyway, it's what Lippo REIT go through ... Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-66028685390122946462016-02-13T20:39:32.772-08:002016-02-13T20:39:32.772-08:00Hi Rolf,
Thanks for adding to the risk list. Inte...Hi Rolf,<br /><br />Thanks for adding to the risk list. Interest and currency risk. Indeed affecting many companies Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-61824209993231466712016-02-13T20:02:41.220-08:002016-02-13T20:02:41.220-08:00Hi SI,
Thanks for the analogy. Me and Kyith discu...Hi SI,<br /><br />Thanks for the analogy. Me and Kyith discussed the biggest risk as CNY devaluation. Borrow in USD, earn in CNY and share in HKD. Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-37884924990004920232016-02-13T18:23:02.439-08:002016-02-13T18:23:02.439-08:00Hi SI
Ahh, I don't mean the drop was due to t...Hi SI<br /><br />Ahh, I don't mean the drop was due to the YTW shorter lease. I think the drop is primarily due to the devaluation of the Yuan which will impact quite a bit on the earnings when translated into SGD terms. Not only CMP, but also the parent company and all companies which has direct access to China assets.Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-62357507502301805702016-02-13T05:18:21.681-08:002016-02-13T05:18:21.681-08:00Even if we dun think of the acquistions as dark ho...Even if we dun think of the acquistions as dark horse, I think it's too little to think of it Not being able to even sustain its dividends.Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-44337523615819026712016-02-13T05:13:38.754-08:002016-02-13T05:13:38.754-08:00Hi B,
That's just luck. While 14 years conces...Hi B,<br /><br />That's just luck. While 14 years concession is a concern, it does not explain why it suddenly just dropped like nobody business. 14/15 or 16 years, they are all short, while valuation is so high just recently ?<br /><br />We could believe that Mr market is disappointed with the Growth. It is supposed to be able to find anotherYTW with its cash and strong parentage. <br />Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-2011194091106156925.post-74406921233763607732016-02-13T01:42:48.846-08:002016-02-13T01:42:48.846-08:00Thanks for the post.
I think you sold it at a pea...Thanks for the post.<br /><br />I think you sold it at a peak, you have done yourself proud than most investors who are still holding. YTW is a worry with 14 years concession left, and they have not really been able to transform any of the newer ones like jiurui and the more recent acquisitions, but that's a dark horse there.Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.com