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Tong's Portfolio
Tong's Portfolio
Robust increase in sales and prices for residential properties with improvement in affordability
Shelter is a human right in public policy.
5 days ago
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.
12 days ago
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.
18 days ago
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.
26 days ago
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
Tong's Portfolio
GDP is a political number — what drives it is what matters
Private consumption growth has been slow relative to pre-pandemic average growth levels.
August 15, 2024
Tong's Portfolio
‘Peddling fantasies’ to push up stock valuations is not a crime
According to Musk, Tesla’s robotaxi network is “a US$5 trillion to US$7 trillion market cap situation”.
August 07, 2024
Tong's Portfolio
Urban renewal is good but outcomes hinge on integrity and good governance
How do we hold officials, especially those who are unelected, to account?
August 01, 2024