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Tong's Portfolio
Tong's Portfolio
Work from home or office must be the sole prerogative of the company
While WFH was the most productive (really, only) option during the pandemic, is this still the case in a post-pandemic world? We think not.
October 23, 2024
Tong's Portfolio
Contrary to theory, capital, ironically, flows to developed economies from emerging countries
Foreign fund flows into the equity market have been proven to have outsized impact on stock prices.
October 16, 2024
Tong's Portfolio
Robust increase in sales and prices for residential properties with improvement in affordability
Shelter is a human right in public policy.
October 10, 2024
Tong's Portfolio
Tong’s Absolute Returns Portfolio outperformed with 14.9% gain in six months despite lower risks (beta)
The recent rally has made Tencent Holdings the best-performing stock in the portfolio, up 64.9% since our acquisition.
October 03, 2024
Tong's Portfolio
Without good stories, stock liquidity and speculation, cheap stock markets will stay cheap
High stock valuations drive investments and innovations, which drive productivity and earnings, supporting even higher valuations.
September 27, 2024
Tong's Portfolio
Nvidia and Tesla — the gods of storytelling — and speculative gambling
As much as we are fundamentally driven analysts, we must acknowledge that markets need good stories to thrive.
September 19, 2024
Tong's Portfolio
Institutional fund inflows fuel ringgit gains and Bursa stock prices
Staying invested, but more defensive.
September 12, 2024
Tong's Portfolio
99 Speed Mart: A ‘flywheel’ business model for basic consumption goods
Scale is 99 Speed Mart’s economic moat.
September 05, 2024
Tong's Portfolio
Bond market expects fewer cuts in interest rates than equity market — a soft landing scenario for the US economy
The portfolio is fully invested again — after we disposed of our stakes in Microsoft and VOO.
August 29, 2024