Ann: PCL to increase placement to $2m at 2.5cps and NED app, page-14

PIL seems a perfect fit for Albert Cheok. Interesting read for those who want to know a bit more of his background.

https://www.theedgemarkets.com/article/cover-story-finding-certainty-uncertain-times

“I survived the crisis, but spent a large part of the post-1997 years paying off my debt. The experience taught me to be quite prudent. I have become very debt-sensitive. Now, I am basically debt-free. From this investment lesson, I also learnt that there is no such thing as ‘safe margining’,” he says.

“Cheok acknowledges that he has become more humble and cautious when it comes to investing because of his experience. “It made me realise that Warren Buffett was probably correct. We should take a long-term view and buy things that are fundamentally good. Buffett does not buy something and hold it for just three months,” he points out.”

“Cheok expects logistics to be the most important business as the economy grows. “Whether it is Amazon.com or Alibaba.com, you need logistics to distribute goods. Logistics means adequate transport and warehousing, as well as fast delivery. I think this presents a good chance for start-ups in the technology and logistics sectors,” he says.”

“When it comes to technology stocks, he prefers those that are related to payment systems. “I think this is more of a personal inclination because I am from the banking industry and its core business is payments. Everyone is looking for the perfect payment system. It requires security and certainty.”