Written by Terence

Photo with Tien Sing Cheong and his wife, Magdelene. SC was the Executive Chairman of CEI, an SGX-listed contract manufacturer known for its generous dividends, paying out 90% of its profits. It was acquired by semiconductor firm AEM for S$99.7 million in 2021. I first met SC in 2001, shortly after CEI’s listing, as one … Read more

The Edge just published an article highlighting the top 10 best-performing stocks on the SGX for 2024. One of my core investments this year, Salt Investments (formerly Jasper), ranked #3 with a 300% return! This remarkable turnaround was driven by the leadership of its new CEO Dennis Goh, co-founder of HungryGoWhere and fintech company Lyte. … Read more

Our paths first crossed when we were in Primary 5, almost 40 years ago. Today, Linus L. may be CEO of Phillip Capital Management, but he’s far from your typical finance professional. Linus has always had a flair for the performing arts, and he manages to balance sharp intellect with boundless creativity. In 1996, he … Read more

OSIM was one of my top picks from 2012 to 2014 when I was an analyst. Founder Ron Sim took the company private in 2016 and restructured it into V3 Group, encompassing brand, investment, and property ventures. Few people have Ron’s patience or courage. Over decades, he built brands that are now global names – … Read more

As a specialist in corporate restructuring and financial investigations, Nicky was called upon to handle the implosions of several high-profile companies, including Citiraya, China Aviation Oil (CAO), Accord Customer Care Solutions (ACCS), and Informatics. These one-time market darlings faced serious allegations, from fraudulent accounting to massive trading losses, each demanding his expertise to navigate complex … Read more

Spoiler Alert: I make a few appearances in Singapore’s latest bestseller, Boardroom Knockout, edited by Aaron Low. The book chronicles the story of the Securities Investors Association (Singapore) and its founder, David Gerald. Founded in 1998 in response to the CLOB saga – which left 172,000 Singaporean investors with billions in frozen investments – SIAS … Read more

For the first time in any of my media interviews, I had the pleasure of endorsing an analyst’s solid recommendation—and it was well-deserved. This past week, South Korean company Hanwha made an offer to acquire Dyna-Mac at $0.60 per share. Jarick Seet, Head of Small-Mid Caps at Maybank Securities, identified Dyna-Mac earlier this year when … Read more

Before podcast took off, there was Hong Bao Media (HBM). I collaborated with HBM’s founder Mark Laudi some 20 years ago to produce daily bite-sized market updates made available over mobile phones. In the age before iPhones, it was cutting edge. Best known as an anchor on CNBC, Mark has since transformed HBM into a … Read more

Ong Pang Boon is the last surviving member of the ‘Old Guards’, the group of comrades led by Lee Kuan Yew who transformed Singapore from a backwater into a First World nation. He held several key ministerial portfolios, including Environment, Labour, Education and Communications. His tenure as Minister of Education had the most lasting impact … Read more

Having coffee with Adrin Loi has always been predictable. We would meet in Ya Kun Kaya Toast. Not surprising, given that he is the owner of this iconic chain. Not difficult, given there are over 70 outlets peppered across Singapore. This week, however, we met in a posh hotel to celebrate Ya Kun’s 80th anniversary. … Read more