Builders FirstSource

Tong's Portfolio

Why we bought shares of Boeing and building suppliers, and trimmed consumers

(Nov 25): The Global Portfolio did quite well over the past one week, rising 1.8% and outperforming the MSCI World Net Return Index’s 0.3% gain. US stocks continued to inch higher to fresh record highs. The current investing landscape is positive for st

Tong's Portfolio

Worries over slow global investment growth overamplified

(Nov 18): Will the slowdown in business investments derail the US economy? This has been one of the biggest worries for investors. Despite resilient GDP growth, many continue to fret over the imminent end of what is now the longest expansionary cycle on r

Tong's Portfolio

Our investment thesis for Dollar General and Builders FirstSource

SINGAPORE (Aug 19): What happens when the integrity of the decision-making process of the world’s largest economy is called into doubt? Surely it must have long-term implications for the rest of the world.

Tong's Portfolio

Our investment thesis for Dollar General and Builders FirstSource

SINGAPORE (Aug 19): What happens when the integrity of the decision-making process of the world’s largest economy is called into doubt? Surely it must have long-term implications for the rest of the world.

Tong's Portfolio

Adobe is another example that the future favours the subscription model

(July 19): US stocks continue to outperform the rest of the world this year. The Dow Jones Industrial Average, Standard & Poor’s 500 and Nasdaq Composite all hit fresh record highs this month. The three benchmark indices are currently up between 16.7% a

Tong's Portfolio

Mixed bag of marriage, Raya, home and Mickey Mouse

(June 3): How many bridegrooms get to introduce his grandchildren? Well, I did, last Monday. And Selamat Hari Raya to all our Muslim friends. Now, to the article for the week. Why home and Mickey Mouse?

Tong's Portfolio

Global Portfolio outperforms MSCI index and has positive absolute returns

SINGAPORE (May 20): The tide appears to have shifted once again for global stock markets. After fanning hopes of an imminent breakthrough on a trade deal for months, US President Donald Trump escalated tensions with a trademark tweet a couple of weekends

Investing strategy

We are adding three US consumer-related stocks based on our contrarian view

(Apr 12): Last week, I talked about why US consumers may well be the key driver for near-term global growth, contrary to widely held views. To very quickly recap, thanks to a decade of deleveraging, in the aftermath of the global financial crisis, US hous
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