Life Term Strategies

1. Huge Gains in Long Term
- Receive significant capital gains
- by investing in corporations
- (with wide economic moat & average peers’ net margin)
- In very very long term

2. Strong Periodic Cash Flow
- Maintain self-sufficient monthly cash flow
- Through dividend, gains on derivative & short term trading
- For re-investment to item # 1 mentioned above

3. Mind for Risk Management
- Ensure strong cash position
- Maintain low risk by continue monitor, analyze & feel:
economic trend & environment,
market condition & investors emotion
corporate performance & outlook
asset allocation & direction

4. Be a holy Christian investor:
- Invest in wisdom & varies ways, but consistent & not over nor under of what the Holy Bible expects a Jesus follower should be
- Keep regular & long term spiritual growth
Continue experience God @ finance market
Aim for life transform opportunities
- Even though it may not teach Billy & Bilibala what stocks to invest nor how to make more, more & more $

3.21.2011

Asia / Europe - 03/18/11

Bilibala Finance’s 7 Top Holding by Region:
(with net present value in 1 year)
(46.3% of asset mix)
1. China Mobile (0941/CHL) HK$96.4 => HK$101.2 STRONG BUY
2. China Life (2628/LFC) HK$43.3 STRONG BUY
3. China Construction Bank (0939) HK$9.0 BUY
4. Total SA (TOT) US$61.6 HOLD
5. Siu On Land (0272) HK$6.7 STRONG BUY
6. HSBC Holding (0005/HBC) US$67.3 BUY (pending to update)
7. IFSE A50 China Fund (2823) HK$22.4 STRONG BUY

· Mar 11 major transactions: MTR (0066) HK$29.1; China Resource Power (0836) HK$13.0; ESpirit Holding (0330) HK$37.1. I have to admit my mistake to invest in MTR & ESpirit Holding too soon, if I wait for one more day, I could have save a lot more, even though the unrealized loss was partially offset by the gain from China Resource Power
· Bilibala has increased China Mobile’s NPV by 5% after 2010 full year earnings release.
· 2010 profit up 3.9% to RM$120B
· 2010 EBITDA up 4.5% to RM$239B
· 2010 Revenue up 7.3% to RM$485B
· 2010 ARPU down 7.3% to RM$73
· Growth slowdown compare to prior years mainly due to 1) ARPU down; 2) sales & marketing cost; both because of competition from China Union Com & China Telecom
· Even if China Mobile’s growth slow down to 5.0% per year, its price over earnings ratio should still at 15. So I think its price is significantly under valued.
· Bilibala will write a sharing about Japan economy forecast.

# Bilibala personally uses fair value @ 2016 to do all investment, however, I think for most small investors, net present value @ 2011 (fair value multiply by discount factor), would be more relevant.
· STRONG BUY with NPV over MV above 30%
· BUY btw 15% to 30%
· HOLD btw (15%) to 15%
· RE-RE-RECONSIDER below (15%)
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The information provided in the entire blog is not intended to provide legal, accounting, tax or specific investment advice. The information presented was obtained from sources believed to be reliable; however, I cannot represent that it is accurate or complete. I assume no responsibility for any losses, whether direct, special or consequential, that arise out of the use of this information. This information is subject to change without notice. Stock performance are not guaranteed, their prices change frequently and past performance may not be repeated. Please do your own investigation, or contact your own professional advise, before investing.