To The Moon

Quarter 3 Earnings Summary

The quarter 3 earnings of the companies on my whitelist were more resilient than expected. It was encouraging and provided some respite despite the heavy discounts some of them were being subjected to. That also gave further reassurance that my picks were ok after all and that once this macroeconomics pressure is done with, they should pick up nicely.

I also took the opportunity to trim names that did not perform as well as the others taking advantage of the market rallies to do so. I divested holdings such as Intel (I thought they were worth a shot looking at how low their valuations were but then realised they were going back to foundry business for a reason. They probably realised they cannot compete with Nvidia and AMD being too far behind their chips progression), $NIO Inc.(NIO)$  and $Roblox Corporation(RBLX)$  (both of which I really like but I just can’t seem to find a catalyst in both their earnings or technical charts). Even names that I have full confidence in like Nvidia and AMD, I trimmed because I believe they have rallied quite a bit and is due a pull back which will be a good time to reload.

So to summarise, in view of the macro environment etc, I have decided to still stick to stocks that I believe are the beneficiaries of the micro trend that I highlighted in my previous articles. My investing style is rather focused. I invest in areas that I am very familiar and comfortable with and understand pretty well ( I am very much into tech and how they simplify lives and make things work efficiently). So forgive me if you find my choices too ‘techy’! But I believe the next ‘industrial revolution’ is within tech and I am not surprised if it is along the realms of artificial intelligence and machine learning.

Moving forward, I believe corporations are going to spend heavily in tech capex which enable a leaner, more streamlined workforce by outsourcing mundane tasks to machines. Clouds will be essential to process all the data and cybersecurity very important to protect from threats.

So my choices will be laser focused on those industries where I believe future growth will be. Of course there are other industries that will always be relevant and ever green but they will probably be leaning on AI to be more efficient too. So why not just focus on that. That is my thesis and personal opinion.

I balance out my high growth tech names withmore boring income ones particularly Reits such as $MAPLETREE LOGISTICS TRUST(M44U.SI)$ and $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$ which I believe are going to do well in the long run.

I know it is an earnings summary that turned into an opiniated one but I really just like to share my thoughts. Sharing is caring!

Thanks for reading!