I was gonna comment on dnhh on using a checklist to take away emotional inputs when making decisions.
I think when your checklist is flawed, it doesn’t pay you as well too. When important criteria are missing from your list, the picks often don’t end up as where you want them to. This is what i realised in this 2 weeks.
The problem is how we value manufacturing companies in Singapore context. Manufacturing companies dominate the singapore market and their cyclical nature makes me wonder how i should value them. Do I value them according to their projected operating cashflow for the next 5 years? 10 years?
It is even a greater problem if these companies belong in the same industry as I , where contracts is the life blood of the company.In this case the contracts are the cashflow. It is painfully difficult to know with accurate projection how much contracts that they have a high probabliliy of securing. Does it mean that they are definitely speculative play?
Gonna meet my planner again this afternoon as well as attend an investment talk from them. Not sure if it will be useful but stay tune. Will comment on it when i get back. Hopefully, I can meet my colleague this evening to get the prescription. My colleague is a licensed TCM practioner. How ownage is that!