Tuesday, January 31, 2017

Uniqlo

Just entered a buy position for Uniqlo CFD few minutes ago.
This is the first non-Singapore and US share that I own.
For non-Singapore stocks, my purchase lots are usually 1k instead of 3k SGD.


The enter price (blue line) was higher than what I wanted, at 35k yen.
Maybe I am eager as I have not yet purchased any investment for a long time.
But between my bought price and ideal price, it was a difference of around 30 SGD.
I also bought more than I wanted to, around 1.3k rather than 1k.
But it should be ok, as the transaction fee is high, and it is better than buying less than 1k.
I will buy another portion if the price drops to the next support level which is around 28k.


Financially, not sure how certain is it, 3 mths net income is already more than net income of last yr according to the above.
PE ratio is around 53. But as this is one of the titan companies, I am not really paying too much attention to except for the technical aspect.


Technically Uniqlo is still good value.
I say that from the perspective that the highest price point was at 60k in 2015.
It is a company I personally adore, along with Amazon and Google.
Most of what I wear today when I hang out comes from them.
The values they have are also the values I like. Simple and quality.
When I go to their flagship store in 313 orchard, it is always bustling with customers.
And I often see foreigners coming to that store and buying a big pile of clothes.
I also love the way they treat their staff and also social issues (from my perception).
The way they treat their staff can be comparable to Macdonalds.
So today I am happy to have a stake in one of the titans.

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