The Best Things in Life are Free
Despite the pro bono nature of the ideas put up for discussion, the last four ideas have performed admirably. The foregoing explains the basis for the title of today's column.
The most fruitful discussion centered on Thomson Medical which has rocketed up over 25% since our posting on 23 Feb. The market seems to have vindicated our post which highlighted its cheap valuation, on a relative basis to other medical counters. It is trading around S$0.365 today compared to S$0.29 then.
The next best performer of the lot is China Lifestyle. In a tongue in cheek remark, we called their CEO the Chinese Willy Wonka in a column on 14 March. But its returns have not been a joke. It's up 12.9% (from S$0.235 to S$0.27).
Of the four, Magnecomp is the most recent counter put up for discussion. It was featured when it was trading at S$1.37 on 16 March. Compared to the meteoric rises of the above two counters, Magnecomp's 3.7% gain is a tad sluggish (today: S$1.42). It is nonetheless a move in the right direction. We shall see if sentiment towards it improves in the days ahead.
Finally, the last one on the list is Tong Ren Tang. The HKEx listed counter was considered fully valued at HK$17.00. It is interesting to note that it is trading at HK$16.20 today.
Well, that's all for the wrap-up. It's always good to give oneself a pat on the back occasionally so long as we do not get carried away!