Opened a Tiny Position with Dairy Farm International

Decided to add a tiny position only 200 shares maybe hastily on Dairy Farm International yesterday. It was between Sheng Shiong and Dairy Farm International.

We will just discuss on the surface here and not get into the details. Sheng Siong seem to be a little pricey for my liking having up a new high recently at  SGD 0.90  but Diary Farm the big giant has slipped a little and they are trading for quite a discount at USD$6.60 .Past performance is never an indicative of future earnings, 

Dairy Farm recently in Aug 2014 invested $925 million to buy 20 percent of Yonghui Superstores Co. as it seeks to tap China’s growing consumer market.This buyout gives Dairy Farm exposure to a growing China grocery retail market. Should they fail to beak into the Chinese market with one of their biggest investment to date, I think it will surely impact the bottom line and we will have to watch our positions closely and revisit 1-2 years from now!

I have been terrible at bottom fishing (1/6 TA, FA even worst) but  I hope to increase my position to 500 shares in near future because i do see a potential in growth in this counter. This should be a great defensive stock. Hopefully Sheng Siong will also be trading for a slight discount in time to come when i built up my war chest!