Saturday, July 31, 2021

Tianneng Power International (0819): A different Tech Giant In the making in China?

First, this is the first time I personally experienced a stock that jumped 15% in a day, barring privatization offer.  

The more well-love subsidiary, TianNeng Battery listed in SSE STAR jumped 20%. Company will likely announce 1H results over the next few days. 

There has been "no news" or updates, since their last quarter results. But they have launch new product series of batteries, C, P and S, classic, premium and Selection. (, well attended by industry leaders. Also, either I have missed it earlier, I now saw an global website in English, which I thought is sleek. 

This post is like a pre-results Q and A session, so that I can zoom straight into the results to see if my thesis on the company is correct.

1) How is their lithium batteries production getting along?

2) Beyond their market leader position in light electric vehicles and mobiles, are they able to finally able to also capture a slice of the EV market?

3) Is their high double digit earning growth going to continue? 

4) Power storage solution is a Hugh market, with China, pledging to be carbon neutral in 2060, and continuous investment into renewable energy, the power transmission market will be significant market slice to be captured, that will allow the company to continue to grow.   

(Their batteries have a wide range of product applications)

If answers turn up positive for most of these questions, will the market finally rerate this company with a PE of about 5, as compared to CATL with PE of 184!!

Perhaps they are of different leagues. But the next few days will be interesting. 


Saturday, July 24, 2021

Random thoughts: A passive investment journey

Looking back, I am already in my "prime" 40s. For the underachievers in their FI journey, like me, looking back in my 20 odd years of working life, could life be different, due to choices we made. U bet? But I had no regrets. 

1) Late 20s Starting work

I married young. When I started work for 2 years, I got.married. I bought resale flat because I didn't want to wait for a unit. I got a car before 30. We gotten a baby just when I turned 30.  

Expenses were high. Savings were low to nothing. about 20 percent of my income went to my parents allowance. 

I got have give the car a miss, wait for BTO, but again, I am glad I provided convenience and comfort to my familiy. Yes, there were some quarrels over money, but those were short, and after we are aware of various concerns, we become more understanding of each other.

Investment is rather useless in terms of absolute sum, but it is still a good learning experience. Those were the years I bought a lot of S chips thinking they are dirt cheap.

30s prime of my career. 
My career was quite smooth sailing. My promotion came reasonably fast. I climb the ladder and my pay increase. As my child grow older, expenses went down. Before they go P1, childcare services is like Uni education.

The shock came when I realised how ill prepared I was dealing with my parents caregiving cost. 

I remember surrendering a policy to raise cash. All went well. But I remembered losing sleep over money, as the cost of respite nurse alone can add up to thousands in a month. 

This is also the age when your peers upgrade to private property or gotten their 2nd property investment. 

On hindsight, borrowing heavily then is the right thing to do, interest is dirt cheap and property price raise more than offset it. I didn't have the balls to do it, and I still don't. I know if one of the direction ( price increase) or ( interest increase ) move against me, I might be in trouble. I also wanted buffer to care for my aged parents then.

There were again some disagreemts during this period of time. 

Recent years.
My wife and I see eye to eye more often. Maybe because she finally experince first hand how good it is to be without burden of property. When she is feeling distressed in work. I said, quit. Rest and find something else to do. 我养你。we are not hard up for money.

Can we have done things differently? U bet. Maybe I can do some freelance to earn more, to pay for that second property ? 

Maybe we can cut down on all those dinning out. I might then be within striking distance of FI in another 10 years perhaps ?

But I bear no I'll feelings. It my choice there and then. At least, I feed my family and is of no burden to others. (Yet?)

The investment journey, however, is really a worthy one to make. Although without size, it is a joke. 

But, I see the world in another perspective from business owners. It is fun, when u go shopping like scuttbutting. Also it is good zen training. How u control fear of missing out and question whether u are fearful or greedy? 
U become cynical, in a good way, and also I know quite a few bloggers that turn out to be good friends. (Although we might not meet up often or at all)

It made u appreciate the impermanence of life, since market goes in cycles and whipsaws and profits and loss change everyday.

It made me, readily accept a good deal, without having to satisfied myself that it is the best deal. (u can't buy at market bottom and sell at top)

So, whatever the outcome, whatever the circumstances, keep moving. 

Friday, July 23, 2021

Random thoughts: FIRE

Financial Independence was a goal or rather dream I had when I was in the 20s.

Today, I just had this silly thought. I am not too sure if I can have a reasonable retirement, and I do hope to work as long as possible. However, I realize the working as long as possible didn't really turn me off. 

After I took a back seat in my career, I do have more time during the school holidays. Even we could not travel, and have quite a long period of time of doing "Nothing". Reading newspaper, researching on companies, exercising etc. 

Things I hope I can spend more time on when I "semi-retired". Yet, truth to be done, it is only enjoyable for the first few days, when I recuperated. Thereafter, I am actually yearning to go back to work, and felt that I am kind of wasting my time. 

It then suddenly dawns on me, how lucky I am, and also how thankful I should be. 

I enjoy my work, and need not retire early to start doing something I enjoy. 

What I do not have is just financial independence. 

This is a wonderful job, a job that lets me connect and also learn to let go. This morning, as I sips my coffee, I reminded myself that I should just do my best, and enjoy my time as much as possible with my pupils. They will leave me in a few months, and I should make full use of my time with them. This desire to make full use of time NOW, is how I always think of my time with my dad. Before he became so weak, and was down with dementia, I tried to spend my time with him, bring him out, and have dinner. It wasn't always wonderful time, but looking back, I have few regrets now, that he passed on.

Every year, I send off the graduating class. I usually bond quite well with a number of them, and funny and clinch it might sound, closer to the end of the year, I do suffer some mild "separation anxiety"

Connecting and then letting go. I considered as Zen Training too. Every year, a few of them becomes more than just pupils to teach, but sweet memories and "friends"

Getting a pay doing all these is just really striking lottery every working day. 

Friday, July 9, 2021

Random thoughts: Favorite Character in Pokemon

Just had a conversation with my son and niece as we watch pokemon. 

I told them my favorite character is actually Team Rocket. I am not too sure if you catch the series in Netflix, but Team Rocket is really a talented Duo.

They are great cook, engineer business owner, poets and masters of disguise. 

They run a super successful masala stall, cook for school children and never failed to build a new innovative robot to catch Pikachu. Mind you, these are robots that can swim in sea, go under water, soar in sky. They even managed to build a robot that prepare wonderful deserts (In Sun and Moon Series)

Best of all, their resilience put Liu Bei in romance of 3 kingdoms to shame. They failed and get "blasted away" in almost EVERY episode, and never really had their "day". Yet come to the crux of major disaster/s, they always chip in their way, albeit insignificant, to help the main characters "Ash" prevent doomsday. 

 In fact, I wonder if they are moles planted in Team Rocket organization. LOL. 

If ever, I could interview an character, I would interview them, instead of ASH.