I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Value Investing
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Wednesday, 29 November 2006

STATS

0034 GMT [Dow Jones] STOCK CALL: UBS upgrades STATS ChipPAC (S24.SG) to Buy from Neutral, target to S$1.60 from S$1.05 as company "is an attractive margin recovery story and we think current restructuring can deliver a doubling in earnings in FY07"; ups FY07 EPS forecast 58% to US$0.071, though advises caution on 4Q06 given weaker 3Q outturn. Notes Carlyle Group bid for ASE but doesn''t view STATS as takeover target "as it does not have the right characteristics to be attractive to a private-equity buyer" - it''s indebted, its margins are below peers, it''s considered high risk business and it only recently started to generate free cash flow. Shares off 4% at S$1.19 yesterday.(JEM)

Happy liao. Bought @ 1.04 in Aug 06, it is really a long wait but worth waiting.
Posted by Createwealth8888 at 11:57

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