Many of us are not willing to spend on clothes on regular days cos there will be a day called "Great Singapore Sale". However when the Great Singapore Sales comes along, when Zara has a store wide 30% discount, many ppl still wait out for the 70% discount. When the 70% discount comes along, they hope that the closing down sales come along. Very soon, the discounts are over, and they will have to wait for the next year.

I believe that i don't have the ability to time the market. I've tried several times long ago, but consistently failed, thus i've given up. no persistence. lolz

Thus I just buy companies that i feel are cheap. When i say cheap, i mean relatively cheap. not as in absolute price.

Lets take a look at some of the analysis of the companies that i felt were cheap and thus i invested in:

C&G:
o/s: 468m
(Cash - all liabilities) per share: 0.17
liquidating value per share: in excess of 0.25
market price as of Dec/Jan: 0.055
Highest price: 0.765
Lowest price: 0.045
Bargain issue. Classic.

cos we are using 30cents to buy a dollar. Just the cash alone. wide margin.
Decision: Buy + mai tu liao

markets in time to come will recognise the value in the company. takes time thou.

China Hong:
o/s: 2540m
(Cash - all liabilities) per share: 0.186
liquidating value per share: in excess of 0.27
market price as of March: 0.125
Highest price: 1.45
Lowest price: 0.055
Bargain issue. Classic.

are they still cheap? i still think so.

China Milk:
o/s: 738.6m
(Cash - all liabilities) per share: 0.56
liquidating value per share: in excess of 0.60
market price as of Dec/Jan: 0.41
Highest price: 1.63
Lowest price: 0.20
Bargain issue. Classic.
Also, take a look at its profit margin!! nearly 100%. kaoz! so, wack!


Recently i went into China Sky again.

here's the reason why...

China Sky:
o/s: 814.576m
(Cash - all liabilities) per share: 0.186
liquidating value per share: in excess of 0.26
market price as of April/May: 0.170
Highest price: 2.74
Lowest price: 0.12
Bargain issue. Classic.

Markets now are erratic, take advantage of it. The liquidating value is a estimate. Just like you don't need to see a woman's i/c to know her actual age, just take a look at the number of rings around her neck and you will know roughly how old she is.

If there's a wide margin in the stock, we will be better protected and the room for appreciation is unimaginable.

Happy investing.