Sembcorp, new job, etc

Looking back at my previous post, surprisingly its was May.

Today is the first day of August, and I have gathered many thoughts.

I am 1 month and 2 weeks into my new job.

I got my first pay check, and was glad about the amount I have. 

It seems like a pretty good jump, even though it is for 1 mth and 2 weeks.

But it will be a good push for my resources compared to my previous job.

I learnt so many within this 6 weeks, and if I update my resume, it will make it look significantly better.

Hopefully I can continue to hang on to this job, and accumulate more skills and experience.

Few days ago, I also had a few thoughts on shares that I am interested in.

For now, it is quite an favourable period of time.

Many stocks are dipping, but not drastically.

My feelings are that stock market may longer be like the past, where there are very big falls, causing recessions and crisises.

I believe the people and the media are now smarter and knowledgeable, and high lights weakness and problems much faster than before.

So my thoughts are that stocks may be more stable than compared to the past.

But the downside is that it may be harder to buy stocks that are severely under-valued.

4 shares I am monitoring are SMRT, SBS, SPH and Sembcorp Industries.

I might buy Sembcorp Industries next week, maybe on Wednesday.

Why?

Previously when I bought SI, I only bought half of what I wanted.

I like to buy progressively, to give me more peace of mind and better control.

Currently, it is reaching its previous low, which is around 3.2.

I hope to get it at around 3.3.

If it dips further, I might buy around 2, which is the price in 2009 crisis.

The other share that I am enamored with is SPH.

Recently, it purchased some shares of QOO10, which I believe is one of the game changers of retail industry.

Nevertheless, what I like about SPH is that it is starting to change its direction, and invest in many small internet companies.

I fear the internet, as I fear the advance in technology might make me jobless one day. 

So to allay the fears, I try to start investing in them now.

I still did not dive in and buy the shares, as the PE ratio is 17.

I think I will just wait and see patiently, as my comfortable PE ratio is 15.

SBS has PE of around 30+, and I prefer SMRT.

I like SMRT because I see it also as the future of transport.

My management friends at the new job all have a view that they might be switching to take public transport in future.

Renewing of COE is crazily expensive, and also it is stressful to drive in the morning.

The government is also aggressively trying to improve the standards of public transport.

But the PE ratio is also quite high, and I will continue to wait and see.