I had my bicycle stolen, twice from the front gate of my old house and once at an MRT station. Hence I understand the frustration.
It feels good to own a sparkling new bicycle, but yet one has to intentionally makes it looks grubby and dirty so as to reduce the chance of it getting stolen when parked and locked in a public place.
Making a police report is of no use as the police will simply log a statement from you and wait for the crime to solve itself. This is from my previous experiences.
Kudos to this brave uncle who hunt down the bicycle thief singled-handedly, barefoot and in shorts. This should teach the young punk that crime do not pay (and hopefully serves as a warning to aspiring bicycle thieves):
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