It's been some time...

Since I have posted anything, as I was quite busy with work and my school work. Another semester has passed and I'm embarking into my last 2nd semester. I have started to look for opportunities in the banking industry but with not much responses either... Nevertheless, I won't stop finding :)

Back to the economy, currently the market is more or less stablized with oil failing at a steady rate. With USD/Yen coming back to the range of 110.18-110.19 - 0.07, maybe the green dollar rally isn't far from what we expected. However, I don't really share this sentiment as more banks and mortgage companies are starting to disclose their writedowns. Indymac, Freddy and Fannie, Bear Stearns.. Looking at Citigroup right now, it seem to be a company that investors would want to avoid with all those massive writedowns they are incurring at the moment and probably we won't know whether there's more to come or not.

In any case, I have finished Buffett's book and probably read it for 5-6 times to understand the concepts and ideals he have. The company that I have picked out is SMRT in the Singapore market. I will soon compile the information gathered from the annual reports and determine its financial status and whether it is worthwhile the investment. Why did I pick SMRT?
Firstly, SMRT is the largest train service provider in Singapore as compared to ComfortDelgro. SMRT's service quality may not be that fantastic, but it is the more dominant public transport as there won't be traffic jams on the rails itself, apart from the trains being overpacked. Comparing to other forms of public transport like bus, the service timings are not as comparable as SMRT.
Next, MRT stations are not the same as the past. Looking at the amount of advertisments that are in the MRT stations, MRT trains, it has become an additional revenue for SMRT as well. This in Buffett's idea, is a form of monopoly. Monopoly is important as they control the price of the service provided, and able to rise to beat any rising cost or inflation that the organization faced.
Being backed by the government as well, it shows its competitive advantage.

That's about all at the moment for the background, I will start to do abit of compiling and come out with some research results.