How do u define contrarian investing?
The most popular is buy when market is low and when there is blood on the street. But it is such common knowledge that I doubt it can be called contrarian, since by definition, it is about going against popular wisdom.
Personally, being a contrarian would need one to be exposed to short term pain.
I would think there is no such thing as contrarian investing. Its simply about convinction, which I lack.
I have some success with companies that I bought when they are doing well and they continue to do well. I have also companies which I bought when faith in them is low. Both have their hits and misses, so the key is not about being contrarian for the sake of contrarian but convinction of own analysis.
With the reporting season coming to an end soon, I do like Singpost. Their parcel busines is scaling up nicely, most probably due to the feeding of business from.lazada.
Since new management comes online, they have been taking writeoff. While the warrant loss is a surprise, I would he more surprise if the cleaning up is not coming to an end soon with the new board already in place for sometime.
Its another stock at 5 years low.
However, I am.holding off buying anything
This continous bull run is really getting on my nerves and I feel myself losing the discipline to hold a warchest.
Anyway, I have 3 months before the next reporting window. Those who report bad results wouldn't run up anyway.
The other company playing out as it should is ST engineering, and I tempted to buy higher to chase higher.
Again, we will see how it goes.
Anyway, if we look at the 3 telcos local.market battle, M1 seem to be doing the best in terms of getting new subscribers. Another company that is at investor rubbish dump without TPG firing the first salvo.
Was hoping TPG show their cards quickly.
They will surely have cheaper deals in order to gain market shares. The question is how much? Unlikely it will be a grab Uber type of cut throat competition, but anything between what is offering by market now and how far it cuts is very important.
In short, as long as u have a style that doesn't waver, u are already a contrarian. This is not to say u cannot change your style or try new things. Its about a core that u believed works. Some of the bloggers have it. Some show that they have it.
And theIr short term results is not the determining criteria