Cakes get stolen on PancakeSwap

Last month, when accessing Pancake Swap, i was prompted to select Auto CAKE. I clicked it, and the CAKE and BNB in my Metamask were stolen. Cryptos in my Metamask account were wiped out.

My CAKE was sent to address 0x50FD6C573a0C86C939f301299fb49FDeBc996120

Be extra careful when using Metamask with Pancake Swap.

Liquid Swap vs Launch Pool

Today we talk about Liquid Swap and Launch Pool on Binance.com. 

Liquid Swap

Liquid swap (LP) is an automated market maker (AMM) to facilitate crypto pair exchange. AMM earns bid ask spread and commission income, and shares the income with liquidity provider. 

As an example, when you choose to provide liquidity for USDT/BNB pair, whenever other users trade USDT/BNB, part of their commission fee would be distributed back to you.

Liquidity swap is able to provide investors with high return, as seen below.

To add liquidity, you choose the currency pair, then click add, a new window will be shown.

You can add currency pair, or just add a single currency. If adding currency pair, it will be 1:1 ratio of the two cryptos in the currency pair. This is to make the liquidity pool having the same amount of both cryptos.

By participating in a liquid swap , you become a liquidity provider. Your participated portion becomes a share of the crypto exchange provider. The possible risk is impermanent loss.

Launch pool

It is also called launchpad in Binance. 

Basically, a new crypto project is started in launch pool. They use BNB to do the mining. You stake your BNB , and get rewarded with the new token.

That is all for today.

Thai Hospital Stocks Review: BCH vs BH

This write-up will attempt to compare BCH and BH company. Both are listed on SET Thailand.

Bangkok Chain Hospital (BCH) operates its business as a group of hospitals which consists of twelve hospitals and one polyclinics in Bangkok and upcountry to provide medical services in the level of primary-tertiary care under three hospital groups

1. World Medical Hospital targets high-income cash patients and international patients. 

2. Kasemrad International Hospital targets upper middle-income cash patients.

3. Kasemrad Hospital targets middle-income cash patients and social security patients.

4. Karunvej Hospital targets social security patients.

Its biggest shareholder is Mr. Chalerm Harnphanich (32.6%). The company is controlled by the HARNPHANICH family.

BCH	29/12/2017	28/12/2018	30/12/2019	30/12/2020
Last Price(Baht)	16.2	16.7	17.1	13.6
Market Cap.	40398.72	41645.59	42643.09	33914.97
EPS (Baht)	0.37	0.44	0.46	0.38
P/E	48.25	37.9	36.68	28.45
P/BV	8.18	7.66	7.09	5.12
Book Value per share (Baht)	1.98	2.18	2.41	2.66
Dvd. Yield(%)	1.05	1.2	1.35	1.69

Looking at the table above , the EPS hovers around 0.37 to 0.46. However, the P/E drops from 48.25 to 28.45.

Bumrungrad Hospital (BH) operates a private hospital namely Bumrungrad International hospital in Bangkok, which serves both local and international clients. The Company provides complete healthcare services for both outpatients and inpatients and also invests in the related health care services businesses.

Its biggest shareholder is Bangkok Dusit Medical Services (23%).

BH	29/12/2017	28/12/2018	30/12/2019	30/12/2020
Last Price(Baht)	189	187.5	147	120
Market Cap.	137722.19	136640.88	107139.68	95350.28
EPS (Baht)	5.41	5.7	5.14	1.33
P/E	35.88	33.36	27.99	49.81
P/BV	8.86	7.84	5.62	5.18
Book Value per share (Baht)	21.34	23.91	26.18	23.15
Dvd. Yield(%)	1.32	1.44	1.97	2.59

Looking at the table above, its EPS is dropping sharply from 5.14 to 1.33 due to Covid19. At the same time, its P/E ratio increase from 27.99 to 49.81. 

The Thai healthcare sector is on the path to recovery. The patients numbers is forecast to increase following the expected Covid19 containment in 2021. BCH shows its earnings resilience as it generates income from Social Security Office (37% of revenues in 2020). BCH's P/E ratio relative to BH is 28.45/49.81 = 0.57. BCH is undervalued relative to BH.

Thai Retail Stocks Review - CPF vs BJC

Charoen Pokphand Foods (CPF) is a vertically integrated agro-industrial and food company

• 1. Production and distribution of animal feed
• 2. Animal breeding, meat processing
• 3. Semi-cooked and cooked meat products, ready to eat meals, restaurants and retail shops

Three year trend

Item	2019	2018	2017
Sales (MB)	544,875	555,503	515,197
Total Assets (MB)	634,051	628,091	593,497
Net Income (MB)	18,456	15,531	15,259
Year End Stock Price (B)	27.50	24.60	24.00

Berli Jucker (BJC) is a supply chain, distribution and retail company. Thai Charoen Corporation (TCC) is major shareholder of the company. TCC and Thaibev(SGX:Y92) are owned by the same Thai family.

1. Modern retail supply chain - Big C Supercenter, Pure Pharmacy

2. Packaging supply chain - Glass packaging products, aluminium can packaging, plastic packaging

3. Customer supply chain - food, personal care, household products

4. Healthcare supply chain - medical supplies

5. Others - AsiaBooks

Three year trend

Item	2019	2018	2017
Sales (MB)	174,037	172,196	164,197
Total Assets (MB)	325,804	324,059	315,058
Net Income (MB)	7,065	7,248	5,974
Year End Stock Price (B)	43.25	50.75	66.00

Cross Sectional Analysis (for year 2019)

TBC