Dear Investors and Traders,

Thank you for attending yesterday's webinar on "5 Dividend Investing Lessons from Ian's Personal Investment in OCBC."

We hope you found the session insightful and valuable. ??

By the way 2 questions were left unanswered, Ian has kindly replied as fast as he could.

Qn 1: "once u hv evaluate the stock n inested it . do u still do the calculation every year to make sure they r on track"

Ian Tai: "I keep track on the stock after I invested in them"

Qn 2: "Thanks and do u include US reits, Kore ,prime in your dividend portfolio?"

Ian Tai: "No, I don't include us reits n kore." (I believe it is Korea)

Enjoy the replay:

Thank you for joining us for the webinar tonight!

I will consolidate the questions for Ian and he will share more insights over the next few days!

Have a good night!

We hope you've gained new insights into what Ian shared.

Passive income, dividend investing can be a part of our portfolio, or even our main portfolio.

As the market moves up and down, you would be able to ignore these noise and enjoy time with your family and friends.

Come and see how Ian does it and learn from his experience.

See you on 6th June for our night webinar, register here:


Enjoy your weekend!!!! ?

15 more mins to our Tele Live with our special guest on Calling all Dividend Investors and Those Interested In Passive Income!

Send us your burning questions here! ??

Note for Investors
Penned by a Dividend-Growth Investor who seeks to accumulate fundamentally solid stocks for the Long-Term.

?How to Spot and Avoid Value Traps?

Definition: A value trap happens when the price of a stock seems to be attractively valued (based on PE, PB and DY) but turns out to be a poor investment for the long-term. Here, I'll list down some common ones so that you could easily avoid them as an investor:

1) Anchoring Bias
Let's say, the price of a stock peaked at $10. Now, it's trading at $7. Some may look at it as being "undervalued" as its price had tumbled by 30%. But, without looking at its fundamentals and valuation, it's impossible to know if the stock is truly a bargain or a "value trap".

2) Low P/E Caused by One-Off Gains
A stock could report one-off gains from disposal of businesses, properties, plant and equipment. This would elevate the stock's earnings significantly, causing its EPS to rise and PE to fall sharply. As investors, the purpose of using PE to value a stock based on the ability of the business to earn recurring profits. Thus, it's best to adjust such earnings by eliminating these one-off gains / losses to get a much realistic PE.

3) Growing Profits, No Cash Flow
PE is still the most widely valuation tool by investors worldwide. Companies know this. Typically, there are stocks that report what investors like to see - Growing sales and net profits. But, a closer deep dive into their financial statements reveal that they don't generate positive cash flows, have growing trade receivables, and requires constant fundraising activities via bank borrowings, rights issue and private placements to stay afloat. For these stocks, PE is pretty much redundant as what investors want are real income and not just "beautified accounting profits".

4) The High Dividend Yield Trap
Some investors may look at screeners to find the highest dividend yield stocks. To them, a stock that pays 10% yield is better than one which is paying 4% yield. But often, that's not the case. It's one thing to pay 10% yield for one year only and another thing to have a stock that is capable of paying out 4% and growing for many years to come. So, the method to avoid this is to check the stock's fundamentals first to know the source of your dividends.

Happy Investing!
We'll be doing a Telegram Live on 31/5/2024 at 5-6pm to discuss how we could build ourselves a long-term dividend growth portfolio.

If you cannot make it next Friday (31st May), register for our Thursday night webinar (6th June):

Ian Tai is a Content Producer and Regular Webinar Host at , a leading financial education platform with >150k email subscribers in Malaysia. Together with KC Lau, Ian co-founded Dividend Vault, an online membership to empower and educate retail investors to build stock portfolios that pay consistent & rising dividends in Malaysia and Singapore for the long-term.

Dear investors and traders with Phillip Securities, ?❗?

Trading Canada and US markets settlement date is changed to T+1. (Starting next Monday 27/5/24)

In the past, it was T+2.

Please note the change in settlement as it impacts your trading!

Stay safe, trade safe!

The tide will lift all boats.

That is the principle of this trading approach.

S&P is hovering at a resistance area. So we shall be patient and see how OTIS fares along with the market tide.

During this up move, I am glad to share some trader clients actually profit take on the way up.

One good trade at a time.

Have a great week ahead!

A restful day is when you get to focus on doing the things you like to do.

Something I noticed about Google's price and intrinsic value after the recent earnings call.

Have a great week ahead.

Disclaimer: This is not a buy/sell call, it is for education purpose.

Dear Traders and Investors,

Thank you for being with us in this financial journey.

You've worked hard. Let's celebrate today!

Happy Labor Day! ????

Data heavy week ahead.

Expect higher volatility than usual.

S&P has been gapping down and up with small candles. This signals indecision.

Hang in there and follow your trade plans!

Give the community a ? emoji to remind ourselves of the high amount of economic data!

Have a great week too!

Did You Know?

Early electric computers used vacuum tubes. Vacuum tubes made it possible for these digital computers to be reprogrammed.

This was actually a leap in computing. However the tubes light up and attract bugs.

Engineers need to get rid of the bugs. Hence the term debugging.

Debugging is now a term used for the process of finding and fixing errors or bugs in the code of any software. When software does not work as expected, computer programmers study the code to find out why any errors occurred.

Investing involves being curious about the world. And innovation has led us to today's age of AI.

In the coming weeks, we'll share with you the history of AI and how it came to be what it is now.

Part 2
Without steady free cash flow, I find it hard to find an intrinsic value.

Let's do a technical valuation.

It is still in a downtrend channel. I would love to see some retracement toward 100.

It may break above the channel and find some support in between 111-117.

This is an example of how we usually do our trading plan. If it happens, it happens, we follow our plan.

With price looking extended and RSI in the overbought zone. My view leans toward a retracement.

Have a plan. Know why you enter, why you exit, and equally important, manage your trades.

Thank you and have a great evening.

Finally we are done with the questions! Keep them coming and thank you for your support. We appreciate you!

Question from one of us. Thank you kitty.



Let's talk about Meituan from a long term YoY fundamental view first.

Part 1
As of end March 2024, China stocks jumped because they are expecting more aggressive measures to stimulate the economy.

Revenue has been growing. Wonderful.

Operating income is finally positive in 2023!

If you are an investor would you buy or sell seeing that Meituan has been negative as they go about operating their business the past few years?

ROE and ROIC
Single digit. Business aside, I think a double figure would be something I am more keen on.

Operating margin
Sometimes negative. Low. Ask yourself, do you like it?

Free Cash flow
Sometimes negative, sometimes positive, 2023 is positive! YES!

Leverage
Debt to equity, not bad. Less than one.
Interest coverage is okay in 2023! Sometimes negative. Do you like it?

To answer Eric's question.

First counter: INTC

This is the TA on INTC. (Intel)

Red dotted line are the key levels on daily chart and black lines are the key levels on weekly chart.

Downtrend.

The topic of soft landings or recessions can indeed be heavy, especially when discussing the overall economic outlook of countries. Let's simplify things by focusing on the unemployment rate, a popular and straightforward economic indicator. ?

Unemployment data is crucial because it reflects the health of the labor market, which is closely tied to consumer spending, business investment, and overall economic activity. However, solely relying on this number can be limited, as it's like using yesterday's weather to plan today's picnic in the stock market. To make smarter decisions, we look at the trend of the data. For instance, a rising unemployment rate over several months could signal a slowdown in economic growth or even the beginning of a recession. ?

To answer the question whether we are foreseeing a soft landing or recession in the US, Europe, Japan, and ASEAN markets by Q4 2024, my answer is we Don’t know! The only thing we can do is to teach you how to monitor yourself by looking at the economic. To make sure everyone can follow, we will use the easiest way to get the answer. It might not be the most accurate way, but I am sure everyone here will easily do it! If the unemployment rate is going up for 3 months in a row in any country, it shows the country may suffer an economic downturn. Then you need to get ready for any bad news on the economy. In this situation, try to take profit slowly and do not FOMO. ??

However, it's crucial to also consider other economic indicators alongside unemployment data for a comprehensive understanding of the economy's direction. Factors such as GDP growth, inflation rates, consumer sentiment, business investment, and international trade dynamics all contribute significantly to shaping the overall economic landscape. ??

If you're interested in delving deeper into this topic, we could potentially host a live session to discuss it further. Comment below if you would like to know more! ??

Thank you for your questions and do keep them coming.

In response to Matt's question, I am glad to share that we've found the answer.



The above is the link to find the short selling report.

Download the files and you can see the SG counters short selling volume and value!

Have a great evening ahead!

Hello fellow traders and investors!

Do you have any questions regarding the markets?

We aim to provide value to you by answering your inquiries.

We have access to public reports, websites that you may not be aware of, so let us do the legwork for you while you focus on your day job. ?

Give me a thumbs up ? and type in the comments please.

Thank you!