Mini Asset Management results for 2013.

Dear readers, Some of you may have follow closely my portfolio that I started in August 2013. I have closed the position today and this is the final results. Those that has follow my stock pick would have made over 20% of their portfolio return. That is only 6 months work :) Hope to replicate the same success for my 2014 picks with benchmark return of over 20%. Here are the results:-

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Singapore Stock Picks: Osim International BUY TP(SGD2.60)

OSIM International: SGD2.39 BUY (TP: SGD2.60) Growth Momentum To Continue OSIM's 4Q13 PATAMI surged 22.1% y-o-y to SGD27.6m, on the back of strong revenue growth of 15.5% y-o-y. The PATAMI growth was boosted by a SGD42m FV gain at its subsidiary, TWG Tea. Business volume is expected to remain positive, supported by the region's demand for lifestyle products. We are keeping our BUY recommendation and DCF based TP of SGD2.60. Revenue growth likely to continue. OSIM's 4Q13 results met our expectations. The revenue growth was attributed to healthy take-up rates of its products, particularly uInfinity and uAngel, as well as contributions from TWG Tea (TWG), which became a subsidiary in 4Q13 after OSIM increased its stake in TWG to 53.7%. OSIM subsequently raised its stake further to 70%. We expect continued revenue growth for FY14-15, as OSIM is set to benefit from rising demand for its products given its ongoing marketing initiatives, as well as from increased y-o-y contributions from TWG. Outlook to remain healthy. OSIM has been sticking to its strategy of riding on celebrity appeal to reach out to customers in the region, which so far has paid off for the company. We believe this strategy would continue to work well, as OSIM has established itself as Asia's No.1 brand in well-being and healthy lifestyle products, supported by rising purchasing power of households in the region, especially China. Maintain BUY, SGD2.60 TP. OSIM declared a final dividend of SGD0.02/share, bringing the total dividend for FY13 to SGD0.06/share. We remain positive on OSIM as it is a proxy to the region's growing demand for lifestyle products. Its balance sheet

Singapore Stock Picks : Marco Polo Marine. BUY TP (SGD0.55)

Marco Polo Marine: SGD0.38 BUY (TP: SGD0.55) Awaiting The Catalyst At a glance, MPM’s 1QFY14 numbers look below expectations, with earnings down 28% y-o-y. However, adjusting profit from operations for comparability, core earnings grew 25%, dragged down only by finance costs from the SGD50m drawdown in medium term notes. We believe MPM will announce the deployment of these funds soon – providing a highly-visible near-term catalyst. Maintain BUY and SGD0.55 TP. Adjusted profit from operations grew 25%, but earnings down due to much higher finance costs. MPM’s 1QFY14 earnings are down 28% to SGD3.2m, but this was due to the SGD2m finance costs incurred vs SGD0.3m a year ago and SGD1.6m a quarter ago. Adjusting 1QFY13 associate income, profit from operations actually grew 25%, which we see as an encouraging sign of core profit growth. MPM likely to rapidly deploy the funds drawn. We do not believe that MPM will tap the medium term notes funds at 5.75% without having an immediate near-term deployment plan. As such, we think that a strong possibility exists for the company to announce, in the near-term, the acquisition of some new assets to drive growth. We previously flagged certain sub-sectors within the Indonesia’s offshore market that may soon become cabotage protected, which dovetails with MPM’s strategy. Trim FY14F earnings by 10%, but highlight upside potential. We are trimming FY14F/15F earnings by 10%/5%, as we factor in the higher finance costs. This does not take into account the contribution from the new asset(s). Hence, we will simultaneously highlight the potential for upward revision after any such announcement. Maintain BUY and SGD0.55 TP. We continue to like MPM for its: i) exposure to the cabotage protected Indonesian offshore support vessel (OSV) chartering segment, ii) outstanding technical capabilities, and iii) low valuations. We believe that the challenges faced by its tugs and barges fleet, and shipyard division have been priced in, with the stock trading at 0.75x P/BV. The asset(s) acquisition is the near-term key rerating catalyst. Source:DMG

Stock Pick for 2014.

Dear Readers, This are my stock pick for 2014. Target returns of 20% under my mini asset management services. I don't charge any fees for my services. Just follow my recommendations to make money. If you need other services that I provide, please drop me a telegram message at 01136084028(Keith) Here are the no bullshit stock picks for Jan 2014.

Wishing all my Chinese readers " Gong Xi Fatt Chai"