Investors' Blog Trackers | Value Investing @SG

Singapore's #1 Blog Tracker To Retail Value Investors & Traders For Singapore Investors.

Value Investing Bloggers This is an ongoing work we're embarking here to uncover some of the best blogs maintained by value investors and savvy investors living in Singapore; and perhaps all over the world! We have benefitted much from their learnings and these information are sourced directly from them in the hope that their messages gets propagated to all corners of Singapore.

Warning!

Smart value investors are long term investors and they exercise independant thinkings. DO NOT ASSUME accuracies in all the information published in the blog articles here. Do your own due deligences before investing your hard earned money.

You have been warned!

Snapshots from Value Bloggers:

December 2016
Discovered on 2 Dec 2016 at 7:48 am
  STI = 2919.37 (-9.21) Stock Period Mkt DPS cts Yield EPS cts PE Div Breakdown SGX FY16 (Jun) $7.310 28.00 3.830% 32.60 22.42 Q1, Q2, Q3 5ct ; Q4 5ct +8ct SingPost FY16 (Mar) $1.465 7.00 4.778% 10.86 13.49 … Continue reading →

Hierarchy of Financial Needs
Discovered on 30 Nov 2016 at 9:44 am
Most readers would probably have come across Maslow's famous hierarchy of needs: a pretty neat explanation of how humans should view our existence in terms of our needs. Abraham Maslow, an Amercan psychologist, created this hierarchy as he was trying to understand human nature. The hierarchy of needs is usually produced in a pyramid like the one shown below. The theory goes like this: humans have needs and we need to fulfill our basic needs before we can advance to the next level. For example...

November 2016
Discovered on 30 Nov 2016 at 9:39 am
Results Announcement 1 Nov 16 : SIAEC (Q217) – EPS 3.17ct vs 3.96ct (Q216) / 1H17 20.83ct vs 7.65ct (1H16) ; Div 4ct vs 6ct (1H16) 2 Nov 16 : Starhub (Q316) – EPS 5ct vs 6.9ct (Q315) / 9M16 … Continue reading →

Vietnam Property: 5 Bagger! - Part 2
Discovered on 17 Nov 2016 at 4:51 am
This is the continuation of the previous post on Vietnam Property.We have established the following in the last post:1. Vietnam has a huge and hungry population and is on the growth trajectory to be a developed country. GDP will continue grow at high single digit and property prices at a multiple of that over time. It might be the last Asian Tiger in our lifetimes.2. The development of the Ho Chi Minh City (HCMC), mirrors the development of Shanghai. With the east of the city growing much fas...

ComfortDelgro – Q316 Results
Discovered on 11 Nov 2016 at 9:44 am
Press Release Presentations Financials  

SBSTransit : Q316 Results
Discovered on 10 Nov 2016 at 12:03 pm
Q316 Results

SATS : Q217 Results
Discovered on 10 Nov 2016 at 12:00 pm
Press Release Presentations Financials  

HLFin : Q316 Results
Discovered on 10 Nov 2016 at 11:44 am
Q316 Results

Singtel : Q217 Results
Discovered on 9 Nov 2016 at 6:12 pm
Press Release Presentations Financials  

STEng : Q316 Results
Discovered on 9 Nov 2016 at 6:08 pm
Q316 Results

SingPost : Q217 Results
Discovered on 4 Nov 2016 at 10:44 am
Press Release Presentations Financials  

Starhub : Q316 Results
Discovered on 2 Nov 2016 at 10:13 am
Press Release Presentations Financials  

Vietnam Property: 5 Bagger! - Part 1
Discovered on 29 Oct 2016 at 3:44 am
Here's an investment opportunity of a lifetime, yes once in a lifetime. If there is one post that you should read in 2016, this is the one. It's about Vietnam - the last Asian Tiger.For most of us in sunny Singapore, Vietnam is probably not on most people's radar. It's not as vibrant as Bangkok and the rest of Thailand, there is no historical site like Angkor Wat or Borobudur, hence not as big a tourist attraction. There are also no famous beaches, and no theme parks. Even the traditional cos...

SIA Engineering - Part 2
Discovered on 20 Oct 2016 at 8:59 am
This is an continuation of the previous post on SIA Engineering (SIAEC).As described in the last post, SIA Engineering has a solid business model that helps global airlines maintain their fleet. SIAEC's business moat is built on strong branding, economies of scale, efficiency which churns out high free cashflow and a high return on equity (ROE). It's also worth noting that the business is somewhat counter cyclical - when the macro economy slows and air travel is reduced, the airlines send mor...

SIA Engineering - Part 1
Discovered on 23 Sep 2016 at 10:44 am
SIA Engineering (SIAEC) is one of the strong blue chips name in Singapore to buy and hold for dividends. It has also made regular appearance in the annual dividend stock list posted on this site in almost every year since 2009. The long term stock chart below shows that it has compounded its intrinsic value, albeit with some cyclicality while paying annual dividends for the past 14 years (based on Yahoo! Finance, the "D"s representing when dividends were paid). An investor who bought the stoc...

2016 High Dividend List - Singapore, US, Australia
Discovered on 16 Aug 2016 at 4:58 am
It's out!The second section of this year's list threw out a few interesting names in the tech, finance and other sectors and there's an interesting discussion point that would serve to transform fundamentally the way some of us might want to invest! Yes, it's a big deal. First, here's the list:2016 Dividend List - Part 2Again, since the list gone global, Singapore names were relegated. To just one in this second portion - SATS. This name had appeared multiple times over the years, it continue...

2016 High Dividend List - Singapore, Europe, US
Discovered on 4 Aug 2016 at 4:12 am
The annual dividend list is out! As per last year, restricting the list to just Singapore can only yield a handful of names, hence it's more worthwhile to see things from a global perspective. The criteria for the screen had not been change for years except minor tweaks. Here's the first 20 names:2016 Dividend List - Part 1There are two Singapore names in the list: Yangzijiang and UMS. Yangzijiang is a shipbuilder which unfortunately is stuck in a bad part of the shipping industry which would...

Great Scot! Brexit?
Discovered on 12 Jul 2016 at 6:00 am
It's been three weeks into Brexit and the financial world now think that maybe it was never an issue at all? US S&P is back near all time high, the FTSE 100 bounced back with a vengeance and hit its high for 2016. Even the STI is now close to 3,000. Brexit? Nah. Let's Move On! That's market short-termism for you.For most people, it was actually more disappointing that in the same week, England was knocked out of the Euro Finals. By Iceland. Ouch! People asked, "What happened?" This was the Gr...

Teach Less Learn More - Lessons Learnt Part 3
Discovered on 7 Jun 2016 at 10:41 am
This is the last instalment about Singapore's Teach Less Learn More Education Philosophy, its trials and tribulations and the improvements needed. Links to the earlier parts below:Part 1Part 2We discussed how Singapore's education system should nurture the love for learning and also focus on collaboration not competition. Google and the great companies of the world collaborate to bring about better results. It's not voting out your mates in some reality TV in order to win a million dollars. T...

Teach Less Learn More - Lessons Learnt Part 2
Discovered on 23 May 2016 at 4:42 am
This is a follow-up post on Teach Less Learn More - Part 1.Teach Less Learn More (TLLM) was touted as the frontier philosophy in Singapore's education system to make learning holistic, bringing learning from inside the classroom to hands-on experiences, learning by discovery and less rote memorizing. Unfortunately, the implementation left much to be desired. Today, after years of TLLM, we are still stuck in an epic education war, akin to the popular Animal Kaiser game, where no animals nor th...

Teach Less Learn More - Lessons Learnt Part 1
Discovered on 1 May 2016 at 9:35 am
Despite this being an investment blog, education posts written in 2011 and there after had delivered one of the highest pageviews as a result of our obsessively competitive education system and the interest it generated. There had been various changes since then: it was announced that PSLE would move away from the three digit scoring system, schools would be more holistic building on the TLLM (a.k.a teach less learn more philosophy) implemented almost a decade ago amongst other changes. Hence...

Singtel bought out 8% for S$200m
Discovered on 1 Apr 2016 at 1:54 am
Dear readers, it is a pleasure to make a splendid announcement today. Singtel has bought over this site for S$200m and all readers whom liked us on Facebook will get an equal share of the profits i.e. around SGD 500,000 per person. Woohoo!Just kidding. Today is 1st of April after all.Today we would like to share insights into some of the stocks that were discussed previously here. One of which was Colgate, the blockbuster toothpaste maker that dictate how Singaporeans brush our teeth. (Darlie...

Overseas Education Ltd - Part 2
Discovered on 22 Mar 2016 at 11:41 am
This is a continuation from the previous post.A quick recap: Overseas Education (OEL) operates one of the largest international schools in Singapore and was listed on SGX in 2013. The stock has since collapsed below its IPO price due to the three issues discussed previously.1. It move from Orchard to Pasir Ris, a less prestigious location and lost 20% of its enrolment.2. Competition has increased with now over 70 international schools in Singapore.3. The global economic woes hit Singapore har...

Overseas Education Ltd - Part 1
Discovered on 14 Mar 2016 at 8:27 am
Part 2 is out!Overseas Education Ltd (Bloomberg Ticker: OEL SP) is an intriguing small cap stock in Singapore listed in 2013 that almost doubled but then crashed spectacularly in the last 1.5 years. It now trades at 12% free cashflow yield, 11x PE and pays a 4% dividend (likely to be more going forward) and earnings are stable and growing barring Singapore's demise (i.e. our beloved little red dot one day becoming irrelevant).For the uninitiated, OEL operates the largest independent internati...

Negative interest rates, skyrocketing asset prices!
Discovered on 1 Mar 2016 at 7:44 am
This is a continuation of the previous post.Inflation had always been around, so the nominal zero that we saw was never really zero. Inflation of 3% meant that money depreciated value 3% every year, we just didn't see it so we think it's not there. When inflation is 3% and interest rate is 2%, effectively money in the bank is still being burnt. After the Global Financial Crisis (GFC), nominal interest rate became zero, but inflation was around 1% and hence real rate was already negative. But ...

Welcome to the World Of Negative Interest Rates!
Discovered on 11 Feb 2016 at 12:42 am
The world is going to be a very different place. Since time immemorial, interest rate had been positive. This was very logical, at least to humanity. If we lend someone money, we are expected to be paid interest and at the end of the loan, we would get back the principal. No, that doesn't work anymore. The new rule is if we lend someone very, very credible some money, we would pay this person interest for the privilege of lending him money. Sounds great yah for people like us who are very, ve...

Lessons Learnt: Sembmarine and Keppel
Discovered on 28 Jan 2016 at 1:09 am
Our beloved oil rig manufacturers had suffered a catastrophic decline in the last 18 to 24 months. Keppel fell from $10 to $4.8, a 52% drop and Sembcorp Marine collapsed from $4.5 to $1.5. a 66% free fall. Sembmarine's parent Sembcorp Industries didn't do that well either, falling from $5 to $2.2, again a more than 50% decline from its peak. All three stocks now trade below book, with single digit PE, with no recovery in sight. Apologies to anyone who had took advice from previous posts and b...

Happy New Year! Let's talk about REAL Investing!
Discovered on 4 Jan 2016 at 12:08 am
Happy New Year folks, it's 2016. This year is meaningful in a way since this site started out in 2006. So, a decade just whizzed by with some intermittent writing, some charts and lots of thinking and oh yes, thanks for supporting this site for the past 10 years! It's been great so far, and there's another 40 more years to go! We are on track to at least match Berkshire or SG50, and it so happened that Berkshire is actually as old as Singapore and celebrated its 50th anniversary in 2015. So i...

The Force Awakens: Thoughts and Takeaways
Discovered on 21 Dec 2015 at 2:59 am
Star Wars: The Force Awakens opened last weekend and smashed all box office records. This episode, #7 in the franchise, will likely make USD 1-2bn in the cinemas alone. When Disney bought Star Wars for USD 4bn in 2012, everyone thought they were stupid. Why pay so much to George Lucas who did a crap job trying to do the prequels (Episode #1-3)? Also how can a 30 year old dated sci-fi saga be worth so much?Now, Disney is having the last laugh. Episode #7 alone might rack in enough profits to c...

The Thing About Prediction
Discovered on 24 Nov 2015 at 1:56 am
A recent book titled Superforecasters is making waves in the financial circle as expected. The book proposed that it is possible to predict the future, if a good team was in place, with teammates coming from very varied backgrounds and good training. Coincidentally, there had been a few occasions on this website where we discussed prediction and its ultimate futility. Today, we try to marry these concepts, hopefully coming away with a few key ideas for readers to ponder about.I believe the fi...

Snapshots from the Blogosphere (Other Investor's Writings):


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SRS and The Bedokian Portfolio – Part 3
Discovered on 2 Dec 2016 at 9:19 pm
In this final instalment, I will share some tips on how to administer your Bedokian Portfolio with the SRS funds factored in, using the three methods that I had shared in my previous posts, namely separate portfolios, joint portfolio and core-satellite. Separate Portfolios Basically this means your usually-funded (i.e. Bedokian Portfolio funded with your disposable […]

Will YOU BUY these nine HIGHLY DISCOUNTED Blue-chip stocks NOW?
Discovered on 2 Dec 2016 at 6:28 pm
For the trading week till yesterday, oil and gas related stocks have started to move up in light of OPEC’s decision to cut oil supplies. This has provided a boost to stocks in the oil and gas sectors. I believe investors are awaiting the US Federal Reserves’ decision on interest rate hikes. The markets are […]

Hitting $100,000 In Savings by Age 26
Discovered on 2 Dec 2016 at 9:00 am
I got a pleasant surprise when I checked my CPF statement recently. After 3 years of work, my CPF has accumulated to a good $51,000 sum, which therefore brings my current net worth to above $100,000 from just savings alone. The breakdown is as follows:  CPF (forced savings)  $51,000  Savings in 2014  $20,000  Savings in […]

#GivingWeek 2016: GMGH Annual Charity Donation
Discovered on 2 Dec 2016 at 9:00 am
It’s that time of year again. I’m a bit late to the party, but anyway better late than never. #GivingWeek is a national movement that encourages people to give back. I like how it is at the end of every year and near the festive seasons. It’s a good time to take stock of how […]

My Current Thoughts On LTC Corporation – FY17Q1 Results
Discovered on 2 Dec 2016 at 3:05 am
Firstly, let me start off by making a correction. A reader brought this to my attention some time ago actually, but I haven’t addressed it here yet. In an earlier post I wrote back in May 2016 : LTC Corporation (Part II) I worked out how the acquisition of the 50% stake in USP is […]

The only certainty is …
Discovered on 2 Dec 2016 at 2:12 am
… that there is no certainty (ok, I admit death is the only thing we can know with any certainty, but my intention is not to write about the end here, I have done that before and it didn’t end too well). Nevertheless, we suffer from the Certainty Bias.  Our mind’s pull for certainty has […]

Passive Income Report – November 2016
Discovered on 2 Dec 2016 at 2:00 am
Here’s a quick update on November’s income report. I’ll show you my passive income last month and track how I did. I’m sharing my passive income report publicly for three main reasons: Debunking the myth of online passive income: Before I started blogging, I knew nothing about making money online. I thought the fastest way to increase my income […]

Why the Singapore Economy Really Isn’t That Bad
Discovered on 2 Dec 2016 at 2:00 am
Whenever we appraise economic growth, there is always a tendency to take a short rather than a longer-term perspective. Such a focus not only encourages us to see things in a less favourable light, but it also undervalues the importance of historical trends and any incremental growth that the global economy has experienced over the […]

Prudential – What really matters in a Stock (Is insurance company that safe?)
Discovered on 2 Dec 2016 at 2:00 am
  Founded in 1848 in London | 24 Million insurance customers | 562 (Pound) billion of asset under management | Asia, US, UK | ” Comparison will be done with Great Eastern, as both companies holds the biggest market shares & are listed on SGX “ 1)  IDENTIFICATION OF COMPANIES THAT ARE UNDERVALUED. Price to book […]

5 ways Big Data is disrupting Singapore’s property market
Discovered on 2 Dec 2016 at 2:00 am
Do you know that our property industry is facing a major disruption? And Big Data will be playing a major role in this disruption, similar to what is happening now in the finance, media, healthcare and manufacturing sectors? What’s the big deal about Big Data? In the age of IoT (Internet of Things), the transfer […]

"Something is brewing for this Company…"
Discovered on 2 Dec 2016 at 2:00 am
There is something happening in this company. The company is Chuan Hup Holding Ltd and the last post I have written about it was a long time ago. Currently I am making paper losses currently. The reason I continue to hold on to it is because: The conservative management – The management has never tried […]

November updates
Discovered on 2 Dec 2016 at 2:00 am
So what has Unintelligent Nerd been up to? I’m pretty much occupied with my new job and school. School work is tough. Considering my background, I think I got more than I bargained for by signing up for the 1-year programme in engineering school. For the first couple of weeks, the terms used by the […]

Singapore Press Holding Annual General Meeting 2016
Discovered on 2 Dec 2016 at 2:00 am
The cold weather and drizzling rain dampen my mood , forced myself to attend this AGM and was expecting low turn out due to the weather & no Bento set was to be provided as notified by SPH. To my surprises, the turn out was great though many lamented the lack of food.Surely enough the first question […]

portfolio update nov 2016
Discovered on 2 Dec 2016 at 2:00 am
Dividend by month 1) singtel 2) fcot sgx capitacom lian beng starhillg fct 3) spost lum chang taisin 4) roxy 5) fcot steng sgx  uob sph starhillg fct 6) tcil ocbc lkh 7) singpost 8) fcot singtel metro plife  ocbc  capitacom starhillg sci steng fct singpost 9)  uob tcil 10) sgx lian beng ngi 11) fcot taisin […]

Meeting portfolio targets for the year
Discovered on 2 Dec 2016 at 2:00 am
In Jul 2016, I did a End of Jun 2016 Financial Update post and set out goals for our net worth and asset portfolio. I’m happy to say that they have all been met at this time before 31 Dec 2016! The monthly tracking of the figures on the relevant pages of the blog charts […]

Real Estate Plays Feature in November’s Volume Leaders
Discovered on 2 Dec 2016 at 1:07 am
The month of November saw six different sectors represented among the 10 most actively traded stocks with the biggest volume increases.  Almost half of the 10 most actively traded stocks were real estate plays. They comprised two REITs – AIMS AMP Capital Industrial REIT and Manulife US REIT, one Real Estate Developer  – GSH Corporation, […]

Motivating readers to take control of personal finances.
Discovered on 2 Dec 2016 at 1:00 am
Many of us bloggers face the same problem, our readers are already fairly motivated to take control of their personal finances. the challenge is to be able to reach out to the folks who can benefit from our articles the most. As such a mini-revision on personal motivation would come in useful today. The bulk […]

Plagiarism or Co-incident? Coin sorting wallet designers clash on Kickstarter.
Discovered on 2 Dec 2016 at 1:00 am
Ever since Kickstarter allows Singaporean creators to launch their projects in September, there has been a rush of projects being listed. Many did not manage to survive the harsh world of crowdfunding and a few will stand and gain media recognition. One of the project that succeeded in doing so is the KIN wallet. Designed by […]

EXCLUSIVE TELEPHONE ONLY PROMOTION FOR YOU!
Discovered on 2 Dec 2016 at 1:00 am
“Hello Sir, I’m from XXX and I’m calling to let you know that you have been pre-approved to take up this special offer that is exclusive only for you! Benefit 1) … … … Benefit 100) How do all these benefits sound Sir?” That sounds fantastic. How about you send me an email with all […]

portfolio update – November 2016
Discovered on 2 Dec 2016 at 1:00 am
Dividend by month 1) singtel 2) fcot sgx capitacom lian beng starhillg fct 3) spost lum chang taisin 4) roxy 5) fcot steng sgx  uob sph starhillg fct 6) tcil ocbc lkh 7) singpost 8) fcot singtel metro plife  ocbc  capitacom starhillg sci steng fct singpost 9)  uob tcil 10) sgx lian beng ngi 11) fcot taisin […]

Keppel Corp - Sellers Appeared
Discovered on 1 Dec 2016 at 7:46 pm
Keppel Corp suffered selling after opening at 9am! Read my blog post earlier in the morning at 8:59 before Keppel started trading. The sellers who are out now, some are locking in profits while others are cutting previous losses. Let the selling go less and lesser first before taking a long position in it. Read my morning blog post below.http://stockmarketmindgames.blogspot.sg/2016/12/keppel-corp-trending-higher.htmlEventbrite - Register and come for Whatsapp EnrollmentUpdate, 2/12/22016, 10:36amKeppel Corp recovered a little after that profit t...

Global Logistic - A Strategic Review, Huge Gap Up
Discovered on 1 Dec 2016 at 7:19 pm
On a Sunday evening, I posted a bullish outlook on GLP citing that a major positive news is coming out. I said: " With positive news in the background, I believe the stock is set for a rise. However in the short term wise, it might be still forming a small trading range before the breakout happens. I am watching this counter closely for that hidden buying or a flush to happen first. I strongly believe a major news is impending." Click below link to read.http://stockmarketmindgames.blogspot.sg...

Keppel Corp - Trending Higher
Discovered on 1 Dec 2016 at 6:59 pm
Keppel corp is trending higher with pre opening buyers. As blogged about it's bullishness yesterday noon, the stock is set to engaged with buyers later but there might be some selling too appearing.http://stockmarketmindgames.blogspot.sg/2016/12/keppel-corp-opec-news-out-oil-runs.htmlThe OPEC news had caused a big up heave in the Singapore market lately and the market had been surprisingly trending up with speed and volume lately. Will this continue? I believe soon but I also expect sellers l...

Trading Indices - Thank You Whatsapp
Discovered on 1 Dec 2016 at 8:32 am
While preparing and doing my daily homework for tomorrow's market, I received a Whatsapp message from one of my student who loves trading Indices. I am constantly receiving winning Whatsapp messages from him on his new found market, the Germany index. $683 in 30 minutes is considered a very good job and I am really really very happy to see success in him. Congrats!Eventbrite - Register and come for Whatsapp EnrollmentRonald K - Market Psychologist - A Stock Market Opportunist

Sembcorp Ind - Broke Out with High Volume
Discovered on 1 Dec 2016 at 4:21 am
On Nov 21st last month, I gave out a bullish SOMM Whatsapp alert on Sembcorp Ind as the stock was on some hidden buying.http://stockmarketmindgames.blogspot.sg/2016/11/sembcorp-ind-somm-whatsapp-alert.htmlDuring that time, the stock was ready and started to show signs of galloping and hence it's wise to grab the opportunity. For the next few days, the stock indeed rose but suddenly, it jammed and was met with sellers and so some might have locked in short term profits.http://stockmarketmindga...

Keppel Corp - OPEC News Out, Oil Runs
Discovered on 30 Nov 2016 at 11:51 pm
The OPEC news came in last evening which prompted many oil related stocks to start breaking out this morning. Click the link to see read the news.https://www.bloomberg.com/news/articles/2016-11-30/opec-decision-day-as-ministers-meet-to-salvage-deal-on-oil-cutsWhen such a big news is released, the first oil stock to long is normally the blue chip which in this case is Keppel Corp. Keppel had been under serious accumulation for months but no one knows how long it's going to take or the accumula...

Singapore Straits Times Index - Coming Down
Discovered on 30 Nov 2016 at 9:18 pm
STI is coming down as predicted earlier on my blog before the market opened today. The market indeed opened green and is currently suffering some red bars selling down. Click and see my early morning blog post.http://stockmarketmindgames.blogspot.sg/2016/12/singapore-top-volume-bad-start.htmlEventbrite - Register and come for Whatsapp EnrollmentRonald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - Some Selling Now
Discovered on 30 Nov 2016 at 7:35 pm
Most of the oil stocks ran because of the OPEC news while some stocks jammed. STI opened green first and as of now, it's suffering some selling as posted in the morning on this blog.http://stockmarketmindgames.blogspot.sg/2016/12/singapore-top-volume-bad-start.htmlToday is dominated by mostly oil stocks and the market may just be traded with oil related counters. Yesterday was a massacre in oil stocks and today rebounded fiercely with some even gap up? It's too dangerous to bet and chase. I r...

Singapore Top Volume - Bad Start
Discovered on 30 Nov 2016 at 6:52 pm
Looking and analyzing at the pre market now. The market looks like it might open a little green and have selling later. Some stocks are jammed while others have a chance to move a little more higher. The blue chips are especially vulnerable while most penny stocks like Rowsley, Yuuzoo, Noble are mostly dead. Here, I thank everyone who came the seminar yesterday. Hope you all enjoyed the simple collection method, the global outlooks and the trading ideas/plan for 2017. See some of you next Tue...

DBS REMIX eSAVINGS PLUS Account
Discovered on 30 Nov 2016 at 10:30 am
DBS REMIX eSAVINGS PLUS Account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore savings

My Investment Portfolio (November 2016)
Discovered on 30 Nov 2016 at 6:51 am
STI surprised many investors this month by closing up 90 plus points at 2904, despite Mr Trump's surprise win in the US presidential election. It had been a very volatile month in terms of stock market action, with news flow coming in thick and fast before, during and after the US presidential election.For this month, I have attended the following AGMs/EGMs/briefings - Delfi, AA Group, Khong Guan, Vicplas and TTJ.For my top 30 holdings, it had been quite volatile too. B...

Dissecting Impact on Global Oil Trade in Trump Era
Discovered on 30 Nov 2016 at 3:11 am
With Donald Trump getting elected as the 45th US president, OPEC (Organization of Petroleum Exporting Countries) might have to work harder to prop up crude oil prices. As Trump vouched during his election campaign to unlock all federal land and … Continue reading →

Del Monte Pac - 100 Lots @ 0.345
Discovered on 30 Nov 2016 at 1:47 am
Longed 100 lots of DelMonte Pac at 0.345, it;s currently trade at 0.355. Today broke out with high volume. There could be some buyers inside or the volume would not have swell. In a $500 unrealized profits now and continue to hold until the trend breaks. Some good news maybe coming out.Ronald K - Market Psychologist - A Stock Market Opportunist

A Late Night Sharing by Ronald K - Global Outlook 2017
Discovered on 29 Nov 2016 at 6:12 pm
It was late last evening but still it did not deter me from sharing my most insightful outlook for 2017, the game plans, the stocks and what to look out for the next year. It's going to be tough and harder for stocks. Markets are not in sync and opportunities are getting lesser each day with lesser movements from stocks. I am glad everyone enjoyed my sharing and most of you made the effort to come. See you all soon.Ronald K - Market Psychologist - A Stock Market Opportunist

Build our wealth but take care of our health.
Discovered on 29 Nov 2016 at 1:06 am
I met up with a friend for dinner recently and he remarked on how I used to blog about my cooking. It has been a while since I last had such a blog, has it not? Well, although not as often as before, I am still cooking but I am just too lazy to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Yangzijiang - $500 Profits, Shorted Yesterday
Discovered on 28 Nov 2016 at 7:36 pm
Shorted Yzj yesterday near high and covered the shorts earlier. The stock was under some profit taking together with some retailers chasing, it was due for a selling and hence capitalized on the opportunity to do a short using CFD. Made $500 out of it and a smaller short on this counter because this stock can be flushy at times. To play safe, I rather do a small short and make sure I can make $ out of it will do.Ronald K - Market Psychologist - A Stock Market Opportunist

Noble Group - Covered Shorts, $2000 Profits
Discovered on 28 Nov 2016 at 7:17 pm
Covered Noble shorts and made $2000 profits. Noble looked like it's turning up after a 1 pip gap down this morning. Better to play safe than sorry and never want to see the profits eroded. Rotating to other counters first. There are plenty of opportunities if you know how to scan the right counters.Ronald K - Market Psychologist - A Stock Market Opportunist

Non-Landed Residential Resale Property Transactions for the Week of November 13 – November 18
Discovered on 28 Nov 2016 at 9:02 am
Management Committees and Managing Agents – What They Do, How to Spot a Good One, and How to Deal With Them
Discovered on 28 Nov 2016 at 9:01 am
By Sophia Sim (guest contributor) The Management Corporation Strata Title (MCST), otherwise known as the managing body for your condominium, manages private properties in Singapore. For new condominiums, the property developer has to find a condo management company within two months of the Temporary Occupancy Permit (TOP). After the first Annual General Meeting (AGM), the […]

Singapore Property Weekly Issue 288 now out
Discovered on 28 Nov 2016 at 8:58 am
In this week’s issue: Management Committees and Managing Agents – What They Do, How to Spot a Good One, and How to Deal With Them Resale Property Transactions (November 13 – November 18) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 288 by Propwise.sg on Scribd

Noble Group - Shorting in Progress, 500 Lots @ 0.179
Discovered on 28 Nov 2016 at 5:15 am
Shorted Noble at 0.179 with 500 lots. The stock was weak together with the overall market. Closing was 0.174 and the whole market just experienced sell down earlier. I hope Noble to tank down towards the 0.168 range before I decide to lock in profits. In a $2000 unrealized profits and riding the stock down until the trend breaks.Eventbrite - Enroll and Come for my Stock Alerts UpdatesRonald K - Market Psychologist - A Stock Market Opportunist

Not giving in can only make us richer.
Discovered on 28 Nov 2016 at 2:55 am
Although we like to say we have saved money when we buy something at a sale, the truth is if we spent money at a sale, we did not save money, we just spent less money. Happily, this reader didn't spend less money, he saved some money. Hi... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OCBC - Staring to Crack Line
Discovered on 28 Nov 2016 at 2:10 am
OCBC is starting to show some hair line crack as the stock indeed hit the supply range of 9.06-9.16 as predicted yesterday and starting to suffer some selling. The high today was 9.08 and it could not sustain anymore. Look at the 5 minute chart, the amount of sellers was building and there soon there will be an avalanche of major sellers forcing the stock down. Be alert.http://stockmarketmindgames.blogspot.sg/2016/11/3-singapore-stocks-to-watch-out-for.htmlRonald K - Market Psychologist - A...

Wilmar - Add on Shorts, Sellers Were Out
Discovered on 27 Nov 2016 at 11:57 pm
It's correct again. Wilmar as predicted on Sunday that it will touched the 3.61-3.64 level and then sellers will emerge. True enough, the stock hit 3.61 and now the sellers were out!! It touched a low of 3.55 as of now as there were a lot of sellers earlier. Add on my shorts for this opportunity so that I can ride all the way down. Shorting till the trend breaks.http://stockmarketmindgames.blogspot.sg/2016/11/3-singapore-stocks-to-watch-out-for.htmlEventbrite - Enroll and Come for my Stock Alerts UpdatesRonald K - Market Psychologist - A Stock M...

Global Logistic - Climbing 2.11 Range
Discovered on 27 Nov 2016 at 11:26 pm
GLP is slowly inching upwards and the it's reaching a very short term supply zone in the minute chart. The trend may break anytime soon and I believe 1-2 more pips is up towards the 2.12-2.14 range is a good profit target. Most of the sellers are there and I believe they are waiting to sell. Unless there is a very good news, or the stock might reach there and suffer some selling first.http://stockmarketmindgames.blogspot.sg/2016/11/global-logistic-50-lots-at-206.htmlEventbrite - Enroll and Come for my Stock Alerts UpdatesUpdate 28/11/2016, 4:14pmR...

Global Logistic - 50 Lots at 2.06
Discovered on 27 Nov 2016 at 9:53 pm
GLP moved and hence so does my profits moved up too. The stock is waiting for a good news to come but before the good news, there is normally a flush or some selling first to wear out retailers before the real move up materialized. Longed 50 lots at 2.06 and it's currently at 2.1 with an unrealized $1000 profits. HC Surgical and Starhub on both trades made about $6100+. GLP is moving towards my direction accordingly. Swing until the trend breaks.http://stockmarketmindgames.blogspot.sg/2016/11...

Wilmar, Global Logistic, OCBC - Top Volume Running/Reactions
Discovered on 27 Nov 2016 at 9:24 pm
All 3 stocks, Wilmar, GLP and OCBC are appearing in the Top Volume now together. Wilmar reached a high of 3.61 as predicted in my post on Sunday and started to react down a little. OCBC is now hitting the price of 9.07 and still waiting for an opportunity to short, while GLP rose from the background to the Top Volume! The news maybe coming soon for GLP and indeed a small trading was formed before we see this price of 2.08/2.09 now! Click and read my post yesterday. :)http://stockmarketmindgam...

Top Volume - Scanning Stocks
Discovered on 27 Nov 2016 at 8:13 pm
The top volume contains OCBC and Wilmar at the moment. Both stocks as predicted are on the rise and it's all hitting the selling zone prices as indicated in my last blog post. GLP was also rising at the background without appearing in the Top Volume.http://stockmarketmindgames.blogspot.sg/2016/11/3-singapore-stocks-to-watch-out-for.htmlI think the market maybe hitting a saturated point and I am not looking to long any blue chips now. Be careful of a sudden sell down from these blue chips. I a...

Weekly Inter Market Analysis Nov 27-2016
Discovered on 27 Nov 2016 at 7:48 am
See previous week Weekly Inter Market Analysis. Original post from http://mystocksinvesting.com   SPY (SPDR S&P500 ETF) SPY broke the all time high resistance at 219.31 and entered into uncharted territory. Take note that the bullish between Nov to April seasonal cycle is going to … Continue reading →

3 Singapore Stocks to Watch Out For - OCBC, Wilmar, Global Logistic
Discovered on 26 Nov 2016 at 7:25 pm
I am preparing some trades for next week and hence I am scanning some right counters to trade. Below are the analysis of 3 counters I have identified.OCBC - The short term is bearish. I expect the stock to rise a little more towards the supply zone, maybe 9.06-9.16 before the real sellers will emerge. The now in my opinion contains a lot of sellers and I am definitely not looking to long.Wilmar - Shorted 3.47 last week and was under pressure. I might take a loss and add on more positions at 3...

LLoyds Bank
Discovered on 26 Nov 2016 at 8:18 am
A quick look at Lloyds, the largest bank in the UK.The only two UK-listed banks serving the UK market are Lloyds and RBS.  Both went under in 2008 and had to accept government bailouts - pages 3 and 4 here give a brief history.  They are slowly mending, though still making large provisions to pay for past misdeeds.  Lloyds is the stronger of the two.Market ShareThe UK banking market is highly concentrated for savings, less so for mortgages:For savings accounts: A UK government report states "...

Jumbo - Profits Jumped 46.3%
Discovered on 25 Nov 2016 at 7:27 pm
Jumbo' stock price rose recent, so does the actual profits realization for the company where they made $15.5 million recently. The stock price rose in tandem with the good news released for the company however in the chart, there was some accumulation first before the actual news was released yesterday. Normally the BBs would have already know this piece of info first hand and would create some flushes or some accumulation and when the news is nearer to the release date, they would drive the ...

Bought OCBC
Discovered on 25 Nov 2016 at 6:22 am
Bought 3,400 shares of OCBC @ SGD 8.74 on 23rd Nov 2016.  Total cost SGD 29,887.70.  Thats a a TTM PE of 9.6 (or 11, excluding "Trading Income"), and a yield of 4.1%.I'm buying bank stocks cause I'm holding lots of cash, and they're still reasonably cheap, after 7 years of ZIRP.  Which looks like its ending now.  But they could still get cheaper if theres a recession or crisis.I am still more than three-quarters in cash:

Audio books on saving and investing money.
Discovered on 25 Nov 2016 at 4:37 am
I receive many emails each week. Unlike my early days in blogging, I might not reply to all of them although I still try. Believe it or not, I also receive emails in Chinese. My proficiency in Chinese has never been high. The best grade I received... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Wilmar - Under Pressure
Discovered on 25 Nov 2016 at 3:03 am
Under pressure for Wilmar at the moment. Shorted 3.47 and the stock trended higher to 3.59 today. When shorted, the stock had all signs of bearishness but then it just shot through and continued to climb higher which validated that I was wrong temporarily. I believe I have to exercise my axing action to avoid bigger loss. Se how it goes on Monday. Have a great weekend everyone.Eventbrite - Enroll and Come for my Stock Alerts UpdatesRonald K - Market Psychologist - A Stock Market Opportunist

Sembcorp Ind - Booked Profits, $9500
Discovered on 24 Nov 2016 at 11:58 pm
It was last Monday I gave a Whatsapp alert to all SOMM member on the bullishness on Sembcopr Ind. Oil was in play during that time and it was simple to trade this counter. Click and see my last Monday Whatsapp.http://stockmarketmindgames.blogspot.sg/2016/11/sembcorp-ind-somm-whatsapp-alert.htmlMost of us got in at 2.66 and rode all the way up. The stock was slow but well, the direction was right as it was on it's way up. Today it reached a short term peak of 2.75/2.76 as of now where I looked...

Telcos - Singtel, Starhub Turn Around?
Discovered on 24 Nov 2016 at 7:25 pm
All 3 Telcos had been slammed down hard recently. It seemed as though a turn around is coming soon and as usual, I capitalized by longing the stock at the bottom and before it broke out higher today. I had also locked in profits and shifting the focus to some other counters. However earlier, I saw Singtel and Starhub continued to have some mini continuous run up again which prompted my attention. I think there was some massive liquidation where the BBs started to absorb the shares at the bott...

To pay down HDB housing loan faster or not?
Discovered on 23 Nov 2016 at 10:14 pm
Not only do all of us have different financial circumstances, we also have different capacities to stomach stress. What works for one might not work for another (i.e. what might give someone peace of mind might be quite stressful for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Non-Landed Residential Resale Property Transactions for the Week of November 4 – November 11
Discovered on 21 Nov 2016 at 9:07 am
Woodlands Property Shopping – Which of These Three Condos Would You Buy?
Discovered on 21 Nov 2016 at 9:07 am
By KK Tong (guest contributor) Woodlands – an estate north of Singapore, close to the Singapore-Malaysia causeway. According to statistics, Woodlands has a whopping population of 250,000! Within this area, there are quite a number of condos, so if you are looking at buying one for your own stay, in this article I will suss […]

Singapore Property Weekly Issue 287 now out
Discovered on 21 Nov 2016 at 9:00 am
In this week’s issue: Woodlands Property Shopping – Which of These Three Condos Would You Buy? Resale Property Transactions (November 7 – November 11) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 287 by Propwise.sg on Scribd

POSB SAYE Account
Discovered on 20 Nov 2016 at 10:30 am
POSB SAYE account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. Get additional 2% p.a. interest in

iShares MSCI Emerging Market ETF (EEM): Going to rebound from the support?
Discovered on 20 Nov 2016 at 7:20 am
iShares MSCI Emerging Market ETF (EEM) is currently testing the 200D SMA support and also the uptrend support line. This support also coincides with 61.8% Fibonacci Retracement Level. Will EEM rebound from the support? What is EEM? INVESTMENT OBJECTIVE The … Continue reading →

Weekly Inter Market Analysis Nov 20-2016
Discovered on 20 Nov 2016 at 7:11 am
See previous week Weekly Inter Market Analysis. Original post from http://mystocksinvesting.com SPY (SPDR S&P500 ETF) SPY is getting near to the resistance of the historical high. All eyes to see whether this resistance can be broken for the new high of 219.31. … Continue reading →

Company Warrants Expiring in 2016 - Actions Needed
Discovered on 19 Nov 2016 at 1:38 am
I need to remind myself all the outstanding company warrants that are expiring in 2016 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - Warrants e...

Global Stock Market Indices PE Ratio At a Glance (19 Nov 2016)
Discovered on 18 Nov 2016 at 11:46 pm
US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000 Europe: FTSE100, CAC40, DAX Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi Best Performer: Japan Nikkei 225 up for 4.56% with PE Ratio of 23.36. Singapore STI has … Continue reading →

Singapore Banks and Rising Rates
Discovered on 17 Nov 2016 at 6:36 am
If US rates go up, how much will Singapore banks benefit?SIBOR tends to follow the fed funds rate:And the banks' Net Interest Margins (NIM) roughly follow it:Its hard to tell, because the correlation is not direct, and there is probably a lag.  I'll assume that NIM goes back up to 2%, which is about halfway back to the highest level, and roughly what it was in 2010.  If this happens, I estimate that all three banks would increase their earnings by 15-20%.

Passive income, CPF savings and a topless pic.
Discovered on 17 Nov 2016 at 1:47 am
I have a friend of more than 20 years who used to be fabulously fit. Now, he is "flabulously" fat. He is even fatter than I was last year before I embarked on my effort to lose weight. A few months ago, he said I looked unhealthy because I lost too... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AIMS Property Securities Fund (formerly MPSF).
Discovered on 15 Nov 2016 at 11:04 pm
A conversation with a reader led to a discussion about an old dusty investment which I would not have made knowing what I know today: Reader: if you like aims cap reit management so much, then do you like aims property fund? both are listed in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

US Drug Wholesalers
Discovered on 15 Nov 2016 at 2:44 am
IntroductionPart 1: The GoodDrug wholesalers handle the logistics of buying, warehousing and transporting drugs from manufacturers to retailers.  Three companies: McKesson (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC), form an oligopoly with an estimated 90% of the US market.Its a low margin business where you make money on turnover.  Operating margins average around 2%.  All three companies are profitable, generate free cashflow, and have low debt1.  As expected in a business like...

Bought UOB
Discovered on 15 Nov 2016 at 2:32 am
Bought 1500 shares of UOB at SGD 18.81 on Friday 11th Nov, total cost SGD 28,378.03.  Thats a TTM PE of 9.8 (or 12.5 if we exclude "Trading Income"), and a trailing yield of 3.7% (excluding their special "80th Anniversary" dividend).Singapore banking stocks are quite cheap.  One reason is because of seven years of falling interest rates.  After Trump won and gained control over two houses, the market narrative is that US inflation and US interest rates will go up.  Bonds jumped on the news: A...

Non-Landed Residential Resale Property Transactions for the Week of October 31 – November 4
Discovered on 14 Nov 2016 at 8:47 am
5 Burning Questions Every Property Investor Wants Answered
Discovered on 14 Nov 2016 at 8:44 am
By Property Soul (guest contributor) In October, seven property investors and four industry experts joined the Property Investor Roundtable Luncheon jointly organized by Knight Frank and Property Club Singapore. The property investors were interested to pick the brains of industry experts, compare notes with our peers and find out what’s on the mind of fellow […]

Singapore Property Weekly Issue 286 now out
Discovered on 14 Nov 2016 at 8:29 am
In this week’s issue: 5 Burning Questions Every Property Investor Wants Answered Resale Property Transactions (October 31 – November 4) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 286 by Propwise.sg on Scribd

Trump won the election and I lost my life savings.
Discovered on 14 Nov 2016 at 4:14 am
Reader: "Recently, my friend just shared with me that he lost 80k on the day that trump won the election. He went to short jap futures seeing that the DJIA futures were tumbling. The media were calling for doomdays and he shorted aggressively. In... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OCBC Bonus Savings Account
Discovered on 13 Nov 2016 at 10:30 am
OCBC Bonus Savings Account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore savings

Weekly Inter Market Analysis Nov 12-2016
Discovered on 12 Nov 2016 at 7:44 am
See previous week Weekly Inter Market Analysis. Original post from http://mystocksinvesting.com SPY (SPDR S&P500 ETF) SPY rebounded from the 200D SMA support strongly after Donald Trump won the US Presidential Election. The strong caught everyone by surprise! SPY is technically bullish but currently … Continue reading →

Why worried metrosexuals seek help from AK?
Discovered on 9 Nov 2016 at 10:15 pm
There are two parts to this blog post. The first part was written a few weeks ago before I decided to take a break from blogging. The second part was written a few days ago. --- FIRST PART --- Readers who have written to AK to ask for a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore REIT Stock Shortlisting Bubble Charts November 2016
Discovered on 9 Nov 2016 at 8:20 am
Bubble chart derived from Nov 5, 2016 Singapore REITs Fundamental Comparison Table. There are no significant changes compare to previous Singapore REIT Bubble Chart. Those small cap Singapore REITs with > 8% distribution yield are Sabana Reit (M1GU), AIMSAMP Cap Reit (O5RU), Viva Ind Tr … Continue reading →

Sold Seaspan
Discovered on 7 Nov 2016 at 6:21 pm
Sold Seaspan at USD 9.57 yesterday.  The stock was still falling in a rising market.  The market is now valuing the common shares as though the dividend will be cut, possible eliminated.  Loss of USD 5311.62 (incl. dividend).The shipping sector is still interesting, and I'll look at Maersk or Seaspan again later for a cyclical recovery.  But its a long way off.When I'm so far underwater on a position, better to sell and realise the loss first.  It helps me to clear my head when thinking about...

Non-Landed Residential Resale Property Transactions for the Week of October 24 – October 28
Discovered on 7 Nov 2016 at 6:34 am
UOB Steady Saver Promotion
Discovered on 6 Nov 2016 at 10:30 am
UOB Steady Saver Promotion Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore savings

Singapore REIT Fundamental Analysis Comparison Table – 5 November 2016
Discovered on 6 Nov 2016 at 1:01 am
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreases from 764.77 to 730.39 (-4.49%) compare to last post on Singapore REIT Fundamental Comparison Table on Oct 9, 2016. The index has broken the 200D SMA support and this is a bearish signal. … Continue reading →

Weekly Inter Market Analysis Nov 6-2016
Discovered on 5 Nov 2016 at 1:28 pm
See previous week Weekly Inter Market Analysis. Original post from http://mystocksinvesting.com SPY (SPDR S&P500 ETF) SPY has broken the resistance turned support zone. Currently SPY is testing the 200D SMA support. Keep an eye this coming week (also the US Presidential Election week) … Continue reading →

Good News in Singapore if you are Holding Aussie Dollar
Discovered on 4 Nov 2016 at 11:34 pm
AUD / SGD has started an up trend after finding a bottom at 0.98282. There are a lot of rooms for AUD to move up against SGD. Good news if you are holding Aussie Dollar. Good news if you are … Continue reading →

Breadtalk, Old Chang Kee and QAF Limited.
Discovered on 2 Nov 2016 at 11:47 pm
I avoided buying Breadtalk's stock for a long time, probably for as long as I avoided buying their bread and I definitely have never bought their "fresh" soya bean milk before. All so expensive. Yes, I know. AK is very giamsiap. Terrible!   A very... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

A good wife worries about retirement adequacy.
Discovered on 1 Nov 2016 at 12:01 am
A recent conversation with a reader: Hi AK I have been a silent reader mostly for several years now. And i am ashamed to say that i now feel like i have not learned well from your blog, and am caught in this situation where i just do not know if i... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Portfolio Update October 2016
Discovered on 31 Oct 2016 at 9:47 pm
Market continue to move side way and slide down in October. Poor corporate earning results in third quarter, bad manufacturing data and gloomy outlook weigh on the sentiment. Coming US election and continue weakness in Chinese economy also mean uncertainty for stock market. STI closed at 2,813.17 when market closed on 31 October, down 55.6, or 1.94% from last month. My portfolio performed below the index. It's value dropped 2.09% in this month. YTD STI is down 2.39%. My stock portfolio (net o...

BOC SmartSaver Account
Discovered on 31 Oct 2016 at 11:30 am
BOC SmartSaver Account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore savings

My Investment Portfolio (October 2016)
Discovered on 31 Oct 2016 at 7:52 am
STI closed this month lower at around 2813 points. The drop in oil price and US presidential election are the main reasons for the weakness. Investors are adopting a waiting game before the result of the election in November.For this month, I have attended the following AGMs/EGMs/briefings - Spindex, Sin Ghee Huat, Karin, Chuan Hup, Noel Gifts, Wing Tai, K1 Ventures, Lum Chang, Micro-Mechanics, Rickmers and Lion AsiaPac.For my top 30 holdings, not much changes as most st...

Selling a car or a flat yourself.
Discovered on 28 Oct 2016 at 10:19 pm
Things change and that is one of the few constants in life. Some changes hardly matter but some changes affect our lives in a big way. Changes could also be catastrophic.  Remember the Dodo. What is this leading to? A few months ago, I sold... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

航運業打「韓」顫- 謝志堅《老謝看世界》
Discovered on 24 Oct 2016 at 6:07 am
DBS Multiplier Savings Account
Discovered on 23 Oct 2016 at 11:30 am
DBS Multiplier savings account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. The DBS Multiplier

The AK passive income strategy after making $1m.
Discovered on 19 Oct 2016 at 11:21 pm
It has been a fortnight since I announced that I was taking a break from blogging. Time flies. Does this blog post signify the end of my break? No lah. I am still on a break. AK is lazy. This is just a short note to say AK is lazy but still alive.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Maybank SaveUp Account
Discovered on 16 Oct 2016 at 11:30 am
Maybank SaveUp Account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore savings accounts

馬雲看台灣 肺腑之言 顛覆!
Discovered on 14 Oct 2016 at 7:55 pm
Standard Chartered Bonus saver account
Discovered on 9 Oct 2016 at 11:30 am
Standard Chartered Bonus saver account Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore

Investing for income is a journey I do not regret.
Discovered on 6 Oct 2016 at 12:00 am
Conversation #1 3:09pm Assi AK If you enjoy writing, you will enjoy blogging. It is really that simple. :) People who start blogging because they think they can make money will (mostly) give up after a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Jobless and still paying $30,000 a year for insurance.
Discovered on 4 Oct 2016 at 10:25 pm
Hi AK,   I happen to come across your post and decide to email you for some advice.   I am 41 and currently jobless as was retrenched. The only jobs available if I am willing to do is probably Security guard, Taxi driver etc. I am jobless for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Portfolio Update 30 September 2016
Discovered on 2 Oct 2016 at 9:25 pm
September was a "boring" month for Singapore investors. The market traded range bound the whole month. The gloomy outlook on Singapore economy seems to weigh on investors' sentiment. Fed's decision not to raise interest this month, and some good news from oil producing countries to reduce production to support oil price gave some boost to the market but not much. STI rose steadily in quiet market. As at 30 September, STI closed at  2,869.47, up 48.88 points or 1.73% from a month ago. My portf...

Singapore Banks: Part 4: Returns and Valuations
Discovered on 1 Oct 2016 at 8:23 am
ReturnsSo far we've been looking at different aspects of the business separately.  All these parts operate together to generate a return.  How do we measure the returns generated?The most common measure is ROE:This doesn't account for differing leverage that different banks may have, so its used in conjunction with ROA:ROA doesn't take into account the quality of assets.  To do this, we would look at Returns over Risk-Weighted-Assets:Finally, we can use Revenue over Risk-Weighted-Assets, for ...

Citi MaxiGain Savings Account
Discovered on 30 Sep 2016 at 11:30 am
Citi MaxiGain Savings Account We present Citi MaxiGain savings account rates today in October 2016 for your information. Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings

My Investment Portfolio (September 2016)
Discovered on 30 Sep 2016 at 7:36 am
STI closed this month higher at around 2869 points.It could have been much better if not for the concerns on Deutsche Bank's financial health towards the end of the month. The expectation of only one more interest rate hike in US this year and also prospects of higher oil price due to Opec's consensus on oil production output cut are the positives for this month.For this month, I have attended the following AGMs/EGMs/briefings - IFS Capital, SGX, Tee International, GMG Global and SMRT...

Singapore Banks: Part 3: Deposits
Discovered on 30 Sep 2016 at 6:59 am
DepositsA low-cost deposit base is a competitive advantage for a bank.  If the cost of a bank's deposits - both interest and non-interest costs - is less than the AAA corporate bond yield for example, then they could simply buy the bonds and get free money off the spread.This article gives an example of working through a bank's numbers to determine its cost of deposits.  Unfortunately, we can't do this for Singapore banks because:30-40% of their income is non-interest income, and we can't rea...

How to make a million dollars by investing for income?
Discovered on 29 Sep 2016 at 10:18 am
In place of 2 blog posts, one on my passive income from S-REITs and another one on my passive income from non-REITs for the first 9 months of 2016, I decided to write only one blog post but without all the usual numbers.OK, I know, AK is lazy. Bad... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Banks: Part 2: Losses and Leverage
Discovered on 28 Sep 2016 at 9:18 am
LossesAllowances and write offs are a normal part of doing business for a bank.  Even for a successful one.  Write-offs are during a downturn are the biggest source of losses: from when people stop paying their loans or the securities held drop in value...permanently.Over the long term, these can be measured by the allowances made for bad debt and investments.  General Allowances are made when loans are taken out, with the expectation that some will turn bad.  Specific Allowances are for indi...

A mind boggling 12 million and growing.
Discovered on 28 Sep 2016 at 1:42 am
The word "million" has a magical feel to it. This is probably why having a million dollars is more often than not a milestone for many people. A million is magical. Six million is more magical. What about twelve million? Some might remember... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Grew more daring and lost more than $100,000.
Discovered on 26 Sep 2016 at 8:33 pm
Good afternoon AK. I remembered vividly the first stock I bought in 2009, Golden Agriculture. I bought 20 lots at 41cents and sold them away at 47cents. I made a profit of more than 1k and I was delighted. Subsequently, I bought/sold a lot more... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Singapore Banks: Part 1
Discovered on 25 Sep 2016 at 8:37 am
IntroductionI'm looking at he local Singapore banks, as some are trading below book value and at single digit PEs, due to fallout from the local O&G industry and fears of a China slowdown.I've always avoided banking and finance companies due to their performance in the 2008 crisis.  Basically I had the idea that they are all black boxes, stuffed full of derivatives, bad loans and 3-letter acronyms, who would report rising profits for years, before one-day turning around and writing them all o...

Bought Singapore Savings Bonds
Discovered on 25 Sep 2016 at 8:35 am
Bought 50K of SSBs in July, held in my CDP acct, bought from UOB bank acct. Security code: SBAUG16 GX16080S

Reader upset with insurance agent who is always too busy.
Discovered on 24 Sep 2016 at 1:05 am
Hi AK I like to share my experience with NTUC Income recently. Some years ago I bought a Term Policy from them and it expired last month. I had been unemployed for some time, I decided that I should not take up a new policy to supersede the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Resale flat in Sengkang or BTO flat in Bidadari?
Discovered on 22 Sep 2016 at 10:07 pm
Dear AK,  I have been reading your blog for quite sometime and have since taken a thought about financial prudence before any purchase.   I am in a dilemma to get a BTO or resale flat. Currently i have got a queue number to select for the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Regret parting with CPF-OA savings 9 years ago.
Discovered on 21 Sep 2016 at 10:30 pm
Hi AK, I've been reading your blog recently and have been very inspired by the way you invest. I need to seek your advice for the Prudential units trust and SRS account I used my CPF-OA account to invest in the Prudential unit trusts 9 years... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Parents nudging 32 year old to buy private property.
Discovered on 20 Sep 2016 at 10:20 pm
Hi AKI have been reading your blog for a couple of years. Very inspiring. Thank you very much for talking to yourself. I have been talking to myself a lot lately but I couldn’t get to anywhere. Not sure how should i proceed, appreciate you could... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why CPF only cares how much to take from our OA and SA?
Discovered on 19 Sep 2016 at 10:45 pm
The CPF is a tool which we should make good use of in planning retirement funding. How we make use of the tool depends on our circumstances. Just do what we feel comfortable with. As long as we are approximately right, we will do OK. A present... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Value Investing Mastery Course.
Discovered on 18 Sep 2016 at 10:09 pm
Value Investing that Works Last year, I blogged about BigFatPurse’s Value Investing Mastery Course (VIMC). This is a one day course and you can read about it: here. The idea is that instead of trying to invest like Warren Buffett, why... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CPFIS - My Personal Investing Experience
Discovered on 18 Sep 2016 at 5:11 am
Recently, DPM Tharman had said that a review will be done on the CPF Investment Scheme (CPFIS). Bascially, what he said is that most investors made losses and earned less than 2.5% investing under the scheme, thus calling the CPFIS “not fit for purpose”. He said that the government will work to “tighten up on it [while moving] towards introducing a simple, aggregated, low-cost investment option".I must admit that it is difficult to invest successfully under CPFIS in its current form. But it...

An incomplete analysis of OUE Limited.
Discovered on 17 Sep 2016 at 11:45 pm
I really enjoyed this email from a reader: Hi AK, I'm a long-time fan of your blog (around 5 years, I think!). I especially liked the back-of-the-envelope calculations you used to do when valuing stocks. I read your post on OUE as an asset... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It is all about building pASSIve income.
Discovered on 17 Sep 2016 at 1:33 am
"Evening with AK and friends" is mostly a Q&A session. Audience ask questions and AK with his guest panelists answer. Of course, we do not know everything but "don't know" is also an answer, right?  I hear some readers now saying, "Heng ah! I... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tan Sri Tony Fernandes- Power Talks August Edition
Discovered on 11 Sep 2016 at 7:12 pm
My Investment Portfolio (August 2016)
Discovered on 31 Aug 2016 at 7:47 am
STI closed lower this month at around 2820 points. Market had been relatively quiet this month with most companies announcing results that were at or below expectations. The strong US dollar and weak crude oil prices had dampened buying interest further. Of course, we also have the concern on Zika virus and its impact on travel to S'pore.For this month, I have attended the following AGMs/EGMs/briefings - Transcorp and Vibrant Group. For my top 30 holdings, Best World was...

Portfolio Update 31 August 2016
Discovered on 31 Aug 2016 at 5:04 am
Overall, August has been a quiet month in equity market. The world's attention was drawn to Rio Olympic games. The corporate earnings in Singapore were not impressive, Fed Chief Ms Yellen's hawkish speech on possible rate hike in September, news on Zika virus discovered in Singapore all weighed on market sentiment. STI was in negative territory most of the month. The Straits times index closed today at 2,820.59, downed 48.10 points, or 1.68% from last month. My portfolio did slightly better t...

Outlook & Reasons To Trade Gold
Discovered on 24 Aug 2016 at 6:47 am
Journey as a Full-time Investor - 5 Years On
Discovered on 9 Aug 2016 at 6:23 am
Dear readers,How time flies! It had been 5 years since I left my last full-time employment, surviving only on my investment return and some income from this blog via advertisements. It is certainly tough to be unemployed in an expensive city like Singapore, but I did not regret my decision to be a full-time investor. A decision I still stick by to this date.These 5 years had its difficult days, just like any job. With no CPF contribution, no monthly salary, no medical leave/benefits, no annua...

5% Returns From Safest Savings Account
Discovered on 31 Jul 2016 at 11:30 am
5% Returns From Safest Savings Account Yes, that's right. Get 5% return when you put money into this savings account in Singapore. Perfectly legitimate. Extremely safe. Lowest risk of default. How? Read on ... Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond

My Investment Portfolio (July 2016)
Discovered on 31 Jul 2016 at 7:05 am
The Swiber fallout and an underwhelming Japan stimulus were reasons for market weakness towards the end of the month. Otherwise, STI ended the month slightly higher than last month at 2868 points. Stocks in the oil and gas sector were badly sold down as investors begin to assess the damage due to exposure to Swiber. Banks were also under pressure given their lending exposure to the sector.Unfortunately, I have to admit that I have some exposure to Swiber and some stocks in the oil and gas sec...

Portfolio Update 30 July 2016
Discovered on 29 Jul 2016 at 10:05 pm
In most part of the month July, STI was in positive territory compared to last month. It seemed like market has come to term with Brexit, and the US stock price hit record high this month. Then came the shocking news that Swiber is winding up, followed by the disappointing announcement from BOJ. These sent the share prices in Singapore falling in the last few days of the month, and STI was back to negative YTD.Yesterday, STI closed at 2868.69, up 27.76 points, or 0.98% from last month. My por...

Seaspan (NYSE:SSW)
Discovered on 29 Jul 2016 at 8:56 pm
Seaspan is a REIT-like company that leases out container ships.  Its business model is simple: borrow money, use it to buy ships which are leased out, and pay the difference between the lease payments and the operating/finance costs as dividends.  The key story here is that long lease periods on the majority of their fleet should allow them to ride out the next few years downturn.Income Statement and Dividend paymentsA quick look at its 2015 income statement shows what we'd expect - the bigge...

Bought Seaspan (NYSE:SSW)
Discovered on 29 Jul 2016 at 8:55 pm
Bought 1315 shares of Seaspan (NYSE:SSW) at USD 15.20 on 27th July 2016.  Total Cost is USD 19,987.09.This is a cyclical play.  It pays almost a 10% dividend while we wait for the container shipping industry to recover.  I may be 1 or 2 years too early.For Singapore residents, dividends are reduced by 30% due to withholding tax.

The Container Shipping Industry
Discovered on 29 Jul 2016 at 4:49 pm
Although markets in general are high, several industries are in cyclical downturns.  May be worthwhile to look for value in them.  Container shipping is one.Container Shipping CyclesThis industry has many players, and all  are price takers. Its a typical cyclical industry.  A chart of charter rates for container ships:Source: Harper peterson & CoThe above chart is for a combination of vessel types.  Current prices of for individual vessel types are here.The usual cycle is that, when rates are...

POSB 2.08% Savings Promotion 2016
Discovered on 24 Jul 2016 at 11:30 am
POSB 2.08% Savings Promotion 2016 How is it possible to get 2.08% interest return through putting money into a savings account in POSB. There is a way. Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps

SBI Singapore Kid Savers Account
Discovered on 17 Jul 2016 at 11:30 am
SBI Singapore Kid Savers Account Singapore Savings Account Rates blogspot dot com shares SBI Singapore Kid Savers Account details in 2016 Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016. SBI Singapore Kid Savers Account: Balance Tiers (SGD) | Total

Tax Treatment of Investment Income from Deposits
Discovered on 10 Jul 2016 at 11:30 am
Tax Treatment of Investment Income from Deposits We share information on the tax treatment of investment income from deposits in Singapore today. Basically, the question today is "Do you have to pay tax on investment income from savings deposit, fixed eposits, bond investments, Singapore savings bonds and other similar fixed investments in Singapore? Singapore Savings Account Rates blogspot

Sold Genel Energy
Discovered on 10 Jul 2016 at 9:34 am
Sold on 29th June for SGD 4054.  Total loss was SGD 15,339.Oil was above $50, close to the $50-60 price where shale producers can ramp up production again.  So use this chance to sell the losers.The lesson here is not to buy stocks in a downtrend.  Especially for companies where: 1) you have little visibility into their business, 2) are small caps and 3) may go to zero.  The simplest lessons are the easiest to forget.

胡立陽: 英脫歐黑天鵝成定局 歐盟嚴防骨牌效應
Discovered on 4 Jul 2016 at 5:34 pm
胡立陽 : 英脫歐夢魘成真 恐掀金融風暴序幕
Discovered on 4 Jul 2016 at 5:31 pm
2% Interest From Savings Account
Discovered on 3 Jul 2016 at 11:30 am
2% Interest From Savings Account Which Singapore savings account offers 2% per annum interest on money kept in a savings account in Singapore? Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn

Portfolio Update 30 June 2016
Discovered on 30 Jun 2016 at 4:23 am
The biggest news that affects the global financial market this month is surely the outcome of the British referendum to leave EU. Global equity market lost 2 Trillion USD on last Friday alone. However, after 2 days of sell down, the market began to recover. As at today STI recovered the loss from last Friday. Well, if only we can make sense of the market....I believe that the effect of Brexit is not over, but will unfold slowly in the next few months. Objectively I don't think it will lead to...

My Investment Portfolio (June 2016)
Discovered on 30 Jun 2016 at 3:32 am
Brexit. The only word to describe market activities for this month. The volatile day to day movements presented opportunities for traders and investors alike. Whether its Brexit correction, post-Brexit rally etc, markets had been irrational at times. As long term investors, we should instead focus on the fundamentals of the companies that we are investing in, rather than being affected by short term market noises. Surprisingly, despite a volatile month, STI ended higher than last month at 284...

State Bank of India Singapore Basic Savings Account
Discovered on 26 Jun 2016 at 11:30 am
State Bank of India Singapore Basic Savings Account Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds

HSBC Singapore Fixed Deposit
Discovered on 19 Jun 2016 at 11:30 am
HSBC Singapore Fixed Deposit Singapore Savings Account Rates blogspot dot com presents HSBC Singapore Fixed Deposit details in 2016. HSBC Singapore Fixed Deposit Rates: 3 6 9 12 Mth Mth Mth Mth S$5,000 to S$49,999 = 0.10% 0.15% 0.20% 0.25% 2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income

Trend Following: Part 2
Discovered on 18 Jun 2016 at 9:04 pm
TLDR: I could not find a worthwhile systematic trend following fund to buy into, as I don't live in the US.I don't have enough capital to do-it-myself and diversify among many markets, so I looked to buy into a fund.Past PerformanceWhat type of returns can you get?Use the SG Trend Index (previously the NewEdge Trend Index) to benchmark trend-following funds' performance.  It's a simple index, rebalanced and reconstituted at the start of each year, currently consisting of the ten largest manag...

Top Glove -Tan Sri Lim Wee Chai - PowerTalks June Edition
Discovered on 16 Jun 2016 at 6:13 am
Frasers Logistics and Industrial Trust IPO launched at $0.89
Discovered on 13 Jun 2016 at 10:49 am
Frasers Logistics and Industrial Trust is pricing its IPO at the top of range of S$0.89.Translates to a dividend yield of 6.8% (forecast period of 4 months till 30 September) or 7.3% full year to 30 September 2017.80 million units up for grab for the public.The S$903 million IPO is the largest IPO since 2013's Asian Pay Television Trust.Market cap will be S$1.27 billion.Portfolio to comprise 51 industrial properties in Australia valued at $1.6billion.Public offer closes at noon Thursday. Trad...

1.45% p.a. Fixed Deposit Promotion
Discovered on 12 Jun 2016 at 11:30 am
1.45% p.a. Fixed Deposit Promotion Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore. 2016 Singapore

Noble - Timeline of Recent Events
Discovered on 12 Jun 2016 at 9:16 am
Recent timeline of events for Noble in the past 2 weeks.30 May 2016 - CEO of Noble steps down.2 June 2016 - Founder and Chairman of Noble Group, Richard Elman to step down in next 12 months. Announces US$500 million rights issue (1 for 1).6 June 2016 - OCBC Investment Research ceases coverage of the stock.8 June 2016 - Bloomberg reports based on uncited sources that another executive ( Gareth Griffiths , Global Head Power and Gas trading) leaving the group.

Otto Marine Privatisation Offer at $0.32
Discovered on 10 Jun 2016 at 10:29 am
Otto Marine's share price rose after its controlling shareholder, Mr Yaw Chee Siew, offered to buy out shareholders at 32 cents. This represents quite a huge premium before the trading halt was closed.Otto Marine's share price closed at 31.5 cents today. Lowest trade was at 31 cents.There is still some risk that this might not go through as delisting is still subject to holders of the multi-currency notes agreeing to certain conditions.The voluntary listing values the company at $68 million. ...

Indian Bank Singapore Fixed Deposits
Discovered on 5 Jun 2016 at 11:30 am
Indian Bank Singapore Fixed Deposits Singapore Savings Account Rates blogspot dot com is the online presence where we share Indian Bank Singapore Fixed Deposits in Singapore. Team members at Singapore Savings Account Rates present details of Indian Bank Singapore Fixed Deposits in 2016. 2016 Indian Bank Singapore Fixed Deposits rates are quoted for personal use only. Always check interest

1.94% p.a. Bond Interest Income
Discovered on 3 Jun 2016 at 11:30 am
1.94% p.a. Bond Interest Income Find out the latest bond interest income of 1.95% from this bond investment available to Singaporeans in Singapore. Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. Singapore Savings Account Rates helps you

My Investment Portfolio (May 2016)
Discovered on 31 May 2016 at 10:38 pm
The rally near the end of the month was halted during the afternoon session of the last trading day of the month. Otherwise, STI had difficulty breaking 2800 points to close the month just short of that level. It had been a quiet trading month with focus mainly on the US interest rate hike.  For this month, I have attended the following AGMs/EGMs/briefings - Lantrovision, Delfi (formerly known as Petra Foods), Plato Capital, Camsing Healthcare, Weiye and Low Keng Huat.For my t...

RHB Junior Banker Rates
Discovered on 31 May 2016 at 11:30 am
RHB Junior Banker Rates Singapore Savings Account Rates blogspot dot com is the online presence where we share RHB Junior Banker rates 2016 in Singapore's banking scene. 2016 RHB Junior Banker rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money. RHB Junior Banker Rates: Amount |

Portfolio Update - 31 May 2016
Discovered on 31 May 2016 at 4:50 am
Market seemed to be directionless in May. Fear of global economy slowdown and the speculation of US hiking the interest rate continue to affect the market sentiment. Corporate results in Singapore were not very good, so the ST index moved south. STI closed today at 2791.06, dropped 47.46, or 1.67% from last month. My portfolio did slightly better than the index, its value dropped by 1.31% this month. This month, I bought some SingPost share again, when its price dipped. I also received shares...

Indian Bank Singapore Branch Deposit Rates
Discovered on 29 May 2016 at 11:30 am
Indian Bank Singapore Branch Deposit Rates Singapore Savings Account Rates blogspot dot com shares Indian Bank Singapore Branch deposit rates in Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from Indian Bank Singapore Branch deposit rates in 2016. Indian Bank Singapore Branch Deposit Rates: Currency 1 Month 3 Months 6

Hyflux 6% p.a. Perpetual Capital Securities
Discovered on 28 May 2016 at 10:05 pm
HYFLUX 6% P.A. PERPETUAL CAPITAL SECURITIES RETAIL OFFERING Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. HYFLUX 6% P.A. PERPETUAL CAPITAL SECURITIES RETAIL OFFERING - Size of offer of up to S$300 million with option to upsize offer to S$

Golden 55 Plus Interest Rates
Discovered on 22 May 2016 at 11:30 am
Golden 55 Plus Interest Rates Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore Golden 55 Plus Interest Rates from Hong Leong Finance Singapore. Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed

UOB 1.35% pa Deposits Savings Promotion
Discovered on 15 May 2016 at 11:30 am
UOB 1.35% pa Deposits Savings Promotion UOB 1.35% pa Deposits Savings Promotion is shared today in Singapore Savings Account Rates blogspot.com. Here are some facts about current Singapore UOB Deposits Savings Promotion. You must have a UOB Passbook Savings Account or a UOB Uniplus Account which is valid, subsisting and in good standing at all times during this Promotion as

Singapore Fixed Deposit Promotional Offers
Discovered on 11 May 2016 at 11:30 am
Singapore Fixed Deposit Promotional Offers We share Singapore Fixed Deposit Promotional Offers in this Singapore Savings Account Rates blogspot dot com post. We are the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore. 2016 Singapore Fixed Deposit Promotional Offers rates are quoted for personal

OCBC first quarter results - Net Profit at S$856 million
Discovered on 30 Apr 2016 at 7:22 pm
OCBC Bank reported its first quarter results.  In summary:Revenue dropped 2% to $2.06 billionNet Interest Income rose 5% to $1.31 billionNet Profit dropped 14% to $856 million.Total non-performing loans ratio rose to 1% from 0.9% last quarter.NAV was $8.20 (increase by 5.1%)Earnings per share was 82.2 cents (down 17.6%)OCBC Bank share price closed down at $8.77 (drop of $0.13).Is OCBC a bargain at this price? Personally, I prefer DBS which is trading at a slight discount to its book value. Co...

My Investment Portfolio (April 2016)
Discovered on 30 Apr 2016 at 4:41 am
STI ended the month at around the same level as last month, though it had been weak towards the end of the month. Otherwise, it had been an uneventful month with not much movements in most of the major stocks in the index.For this month, I have attended the following AGMs/EGMs/briefings - AV Jennings, Biosensors, CEI, CapitaLand Retail China Trust, CapitaLand Mall Trust, CapitaLand Commercial Trust, CapitaLand, SembCorp Industries, Sarine Tech, NOL, UOI, Yeo Hiap Seng, GK Goh, Combine...

Portfolio Update - 29 April 2016
Discovered on 29 Apr 2016 at 4:30 am
The stock market went yoyo this month. Towards middle of the month, STI rallied more than 100 points, but soon loss steam. Negative corporate earning news from US and BOJ's decision not to hand out further stimulation caused the market to trade lower. At the end of the month, STI returned to where it started a month ago. STI closed today at 2,838.52, down 2.38 points, or 0.08% from last month. My portfolio performs slightly better. Its value rose 0.89% from end of March, net of fresh fund inj...

胡立陽: 掌握財富重分配
Discovered on 28 Apr 2016 at 9:07 am
Trend Following: Part One
Discovered on 21 Apr 2016 at 8:34 am
What is it?"The core idea of Trend Following is extremely simple...Wait for momentum to build in one direction and get on the bandwagon.  Expect to lose about two thirds of the time and so make sure your winners can pay for your losers and leave enough over to cover the rent." (Clenow)In other words, buy after prices start moving up, sell after they start moving down:The rules used are simple, for example:moving average crossovers above, channel breakouts, "buy when the price has spent 5 days...

Tan Sri Dr Jeffrey Cheah | Power Talks
Discovered on 20 Apr 2016 at 9:05 am
My Investment Portfolio (March 2016)
Discovered on 31 Mar 2016 at 9:28 pm
STI ended the month at around 2840 points, regaining much of the lost ground from the loss early this year but still ended the quarter down as compared to the start of the year. Still, it is the best performing month this year after the January market crash. Markets were helped by news that the US Fed would not hike interest rate so soon.For this month, I have attended the following AGMs/EGMs/briefings - Saizen REIT, Del Monte, 8Telecom, Envictus, Techcomp and Mermaid.For my to...

Portfolio Update - 31 March 2016
Discovered on 31 Mar 2016 at 4:29 am
March has been a relatively good month for investors. Global equity continue to recover from the fall earlier of the year. Attentions are still on if Fed will to hike the rate 4 times or 2 times in this year; as well as the development in Chinese market. e.g. the dovish speed from the Fed chief boosted the market yesterday.STI continue to recover this month. On 18 March it even turn positive for the first time in the year. Unfortunately the momentum could not maintain. As at today, the index ...

SHS HOLDINGS W191216
Discovered on 18 Mar 2016 at 12:44 am
For those holding the above company warrant, maybe it is time to consider converting them to shares. The record date for their upcoming dividend entitlement is as follows:SHS HOLDINGS LTD. - 12 May 2016, 5pm. Final dividend 0.32cts per share, Special dividend 3.68cts per share.Though the warrant expires on 16 DEC 2019, there seem to be no time value in it as it currently trades at around 7.6cts, with an exercise price of 20cts. Adding the exercise price to its current market price, it is stil...

CapitaLand Commercial Trust (CCT) distribution history
Discovered on 14 Mar 2016 at 9:24 am
Just thought that this might be useful reference for those looking for CapitaLand Commercial Trust (CCT) distribution history.CCT distribution history

Saizen Reit - Delisting
Discovered on 11 Mar 2016 at 12:14 am
I have some Saizen Reit in my portfolio. Today the counter goes XD and the value dropped from $1.10 to $0.077. I will be receiving a dividend of $0.0283 per share on 29/3 and a capital return of $1.056 on 28/3.For recording purpose, I will record only the 0.0283 as dividend received on 29/3. I will record a "sell" transaction today on Saizen Reit at the price of $1.055 today, and thereafter the shares will have a cost of S$0.01 per share. Hence there will be a negative cash injection to the p...

CapitaLand Commercial Trust to be added to Straits Times Index
Discovered on 9 Mar 2016 at 8:06 am
The Straits Times Index or what is referred to as STI has 30 companies that form its constituents. FTSE Russell has announced that Capitaland Commercial Trust will take over the place of Noble Group which will drop out of the list. The changes will be taking effect on the start of business of 21 March 2016.The 5 companies on the STI reserve list: Suntec Reit, NOL, First Resources, Singapore Post and Keppel Reit. These companies stand the chance to replace any firm in the STI that is subsequen...

Knowing my willingness and ability to take risk
Discovered on 7 Mar 2016 at 6:53 am
In finance world, willingness and ability to take risk belong to 2 different concepts. Willingness to take risk refers to one’s character, education, investment experience, culture and even religion. For instance, many colleagues around me are high income earners. However, they only invest in time deposits as they are either conservative, have poor experience in investment or simply cannot invest due to religious constrains. They are unwilling to take risk for mainly emotional reasons. On the...

何启斌博士 - 现在并非98, 也不是08
Discovered on 6 Mar 2016 at 1:19 am
My Investment Portfolio (February 2016)
Discovered on 29 Feb 2016 at 6:35 am
STI ended the month at around 2666 points, a little bit better than last month but confidence is still weak. Markets had been digesting the full year results for companies with financial year ending December 2015. Overall, it had been mostly a weak set of numbers especially for companies in the Oil & Gas sector. Companies had also painted a cautious outlook but I guess the market might have discounted most of these bad news.For this month, I have attended the following AGMs/EGMs/briefi...

Portfolio Update - 29 February 2016
Discovered on 29 Feb 2016 at 3:48 am
Global equity market continued its volatility into February from last month. The same problems - China slowdown, low oil price continued in February. Then came Lunar New Year. Oil price and equity market seems to recover a little after the new year holiday. STI also started to recover after hitting a low of 2550 level on 4 Feb. STI ended today in positive territory compared to last month. As at today, it stood at 2,666.51, up 37.40 points, or 1.42% from end January. My portfolio performed sli...

悲观看法大集合——股市是会有多惨?
Discovered on 19 Feb 2016 at 8:33 pm
CPF Life Plan - Choose Your Option Carefully
Discovered on 18 Feb 2016 at 7:54 pm
Shortly when Uncle Sanye turned 55, I received a letter from CPF Board with a form attached to choose my CPF Life option - Standard or Basic Plan.  Sanye knew that Basic Plan means one receives less monthly payout after reaching 65 and will leave more bequest to family and Standard Plan means the other way round. Without going into details and trusting that the 2 plans will somehow be quite "fair", I chose the standard plan, because I believe that by the time Uncle and Auntie Sanye leave the ...

胡立陽:最麻煩一年來了
Discovered on 18 Feb 2016 at 5:46 am
曾淵滄-股市资讯专栏 12.02.2016 -->时局充满挑战,主力买蓝筹股
Discovered on 12 Feb 2016 at 5:57 am
曾淵滄-股市资讯专栏 29.01.2016 -->我们是否正处于真正的熊市?
Discovered on 1 Feb 2016 at 1:42 am
Portfolio Update - 29 January 2016
Discovered on 30 Jan 2016 at 8:49 am
The equity market got on to a very volatile start in Jan 2016. Economics slowdown in China and falling oil price (to below 30USD) sent the global stock prices into a tailspin. On some day there were even panic selling from investors. STI plunged right from the start of the month. It dropped more than 12% before recovered slightly. Not even today's rally can recover the loss. As at today, STI closed at 2,629.11, dropped 253.62 points, or 8.80% compared to end of last month. My portfolio value ...

My Investment Portfolio (January 2016)
Discovered on 30 Jan 2016 at 8:39 am
STI ended the month at around 2629 points, continuing its downward movement from last month. Again, fears of China's economy hard landing and low oil prices were the major concerns. Investors sold down stocks across the board, making stock picking a difficult task in this market.For this month, I have attended the following AGMs/EGMs/briefings - Transcorp, Frasers Commercial Trust, Frasers Centrepoint Trust, Envictus, Noble and F&N.For my top 30 holdings, Jardine C&C moved bac...

Singtel
Discovered on 30 Jan 2016 at 6:55 am
A quick look at Singtel.  I like them because their revenues are recurring, and they are in a markets which are a natural oligopoly.  Was attracted by their high margins - in 2015 operating margins from Singapore and Australia (after tax) were 21% - high for any industry and surprising for a utility or "dump pipe".  The stock price has dropped recently.  Based on their earnings/cashflows, at what price would I buy?SegmentsSingtel is a holding company.  FY 2015 EBIDTA (ending March 2015) is br...

胡立陽 : 道瓊跌不休..「轉空3訊號」已現?
Discovered on 20 Jan 2016 at 6:21 am
全球航運陷冰河期 ?
Discovered on 16 Jan 2016 at 1:14 am
曾淵滄-股市资讯专栏 15.01.2016 -->市场恐慌宜保守行事,不宜趁低吸纳
Discovered on 15 Jan 2016 at 6:17 am
THE 5 STOCK RATIOS YOU NEED TO MINIMISE YOUR INVESTMENT LOSSES
Discovered on 11 Jan 2016 at 4:44 pm
Malaysia 2016 Investment Themes
Discovered on 5 Jan 2016 at 4:44 pm
Investment Strategy for 2016
Discovered on 4 Jan 2016 at 12:03 am
2016 is expected to be another tough year for investors, according to most analysts out there. With most bad news out there and expected lower corporate earnings for most S'pore listed companies plus lower GDP growth in S'pore, I do agree that it will be another rough year for investors. We have already endured a roller-coaster ride last year but be prepared to tighten your seat belts for another tough ride this year. As usual, stock picking becomes a crucial factor in this kind of market, an...

My Investment Portfolio (December 2015)
Discovered on 31 Dec 2015 at 10:25 pm
STI ended the year at around 2882 points, above last month but down 14% for the year. STI had the "honour" of being the worst performing South East Asia market index for the year. For the month of December, there is not much activity as most investors were on holiday. For this month, I have attended the following AGMs/EGMs/briefings - SPH, LippoMalls Trust, Ezra, Kencana, Fortune REIT, First REIT and Second Chance Properties.For my top 30 holdings, Sarine Technologies was again...

Portfolio Update - 31 December 2015
Discovered on 31 Dec 2015 at 8:24 pm
December has been a relatively quiet month in equity market. US Fed finally made the first step to hike the interest rate to 0.25%, officially ending the long era of cheap money. The hike was not excessive and the market took it as a confirmation of US economics recovery. Global stock market rallied the next day after the Fed's announcement. STI rose moderately in quiet trading sessions, as there lacks positive news from the corporate world. At 5:10pm  today, STI stood at 2,882.73, up 26.79 p...

2016經濟把脈:令吉·馬股 何時才回升?(松大資本高級顧問顏敏樹)
Discovered on 28 Dec 2015 at 5:15 pm
Review/Reflections for 2015
Discovered on 27 Dec 2015 at 11:12 pm
I think most investors would agree with me that 2015 is a bad year for equity investors. The year started well and in April, STI was well above 3400 points. Unfortunately, a series of bad news including China market correction, Greek crisis, US rate hike, slump in oil prices, devaluation in regional currencies etc had contributed to a weaker performance in subsequent months and STI is expected to close well below 3000 points as we approach the end of the year.I have stay invested in the marke...

2016投資大翻轉 專訪亞洲投資教父-胡立陽
Discovered on 17 Dec 2015 at 7:28 pm
美升息利空出盡? 胡立陽:溫水煮青蛙
Discovered on 17 Dec 2015 at 5:15 am
油比水便宜 原物料血流成河?57金錢爆-2015-12-09
Discovered on 13 Dec 2015 at 4:33 pm
Rickmers Marine
Discovered on 30 Nov 2015 at 7:24 am
Rickmers MarineA REIT-like structure, holding and leasing 16 panamax container vessels (3400-5000 TEUs). Their fleet is new: all but one vessel was built in 2007 or later, and they have a 25-30 year lifespan.Rickmers stock price has plunged after it suspended dividends, due to lower revenue from declining rates.  How much of this is already built into the share price?First off, Rickmers has a loan covenant waiver that they need to extend, due end of this year.  If they can't, all bets are off...

My Investment Portfolio (November 2015)
Discovered on 30 Nov 2015 at 5:46 am
STI ended the month at around 2850 points, losing much more than the lost ground gained last month. Markets continued to be weak, with the likely US rate hike plus weakness in China market due to investigation in the country's largest brokerages. Also in S'pore, expected weaker growth and lower corporate profits plus MAS warning on risks for local lenders doesn't help market sentiments.For this month, I have attended the following AGMs/EGMs/briefings - Albedo, Petra Food, Sunright, Vi...

Portfolio Update - 30 November 2015
Discovered on 30 Nov 2015 at 3:46 am
The market recovery in October proved to be short lived. Looming US rate hike and Slowdown of Chinese economy determined the market sentiment and the stock prices moved south this month. Other negative factors included terror attack in Paris, lacklustre corporate earning results, China probe in the brokerage firms, etc. STI closed today at 2,855.94 for the month of November, dropped 142.41, or 4.75% compared with last month. My portfolio, though performed better than the index, saw its value ...

專訪亞洲投資教父-胡立陽 -佈局新投資方向
Discovered on 20 Nov 2015 at 8:01 am
Company Warrants Expiring in 2015 - Actions Needed
Discovered on 10 Nov 2015 at 1:07 am
I need to remind myself all the outstanding company warrants that are expiring in 2015 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.METECH INW150627, Expiry Date: 27 Jun 2015, Exercise price = $0.02, Conversion ratio 1:1 - Warrants expired worthless.WE HOLDINGS LTD W150805, Expiry Date: 8 Aug 2015, Exercise price = $ 0.003, Conversion ratio 1:1 - Warr...

馬新高鐵料2018年初動工‧費用高達650億
Discovered on 6 Nov 2015 at 1:31 am
YuuZoo Corp granted gaming licence in Nigeria
Discovered on 3 Nov 2015 at 9:38 am
YuuZoo Corp's subsidiary, YuuZoo Gaming, has been granted a full gaming licence to provide lotto services in Nigeria's Edo state. Lotto is a game of chance where people pick numbers to match those drawn. Nigeria is Africa's largest market with a population expected to reach 184 million.YuuZoo CEO James Sundram sees games and gaming as key revenue generators. He expects to leverage the popularity of gaming in Nigeria to acquire new active users and monetize them through Lotto, e-commerce, adve...

My Investment Portfolio (October 2015)
Discovered on 31 Oct 2015 at 9:44 pm
STI ended the month just below 3000 points, recovering some of the lost ground from last month. However, mood in the market is still cautious, mainly due to worries over impending US Fed interest rate hike.For this month, I have attended the following AGMs/EGMs/briefings - Transcorp, GuocoLeisure, Singapura Finance, PCI, Chuan Hup, China Yuanbang, Lion AsiaPac, Parkson Retail Asia, Lasseters and K1 Ventures.For my top 30 holdings, Sarine Technologies was again a big mover, but th...

Portfolio Update - 30 October 2015
Discovered on 30 Oct 2015 at 4:41 am
After a few months of volatility and southwards movement, I was glad to find STI recovered to above 2,900 points when I came back from my China (Xinjiang) trip. In fact the market looked rather good in October, and STI moved above 3,000 points. China's interest rate cutting and Europe's QE measure supported the stock prices. Singapore companies reported a mix results of the past quarters, but REIT's do generally quite well. Just as I thought that market should be on it's way up, US Fed's hint...

Investing in Stocks is like a game...
Discovered on 28 Oct 2015 at 11:50 pm
Investing in stock market is like a game, you win some, and loss some. Just yesterday, I blogged about an announcement from HTL caused the stock price to surge almost 100% within a day. This morning, another announcement from Lippo that they may move two REIT's, namely First REIT and Lippomall Indonesia Retail Trust to Indonesia cause the price of these two counters to tumble. To rewind back a few days, an announcement from Saizen REIT that they received an offer for their assets caused its p...

HTL International - Share price jumped 97% in one day
Discovered on 28 Oct 2015 at 4:40 am
HTL has been one of my "boring" counters for many years. The share price has been quite stagnant, even on a declining trend. I keep it for it still pay dividend every year (except this year), and the NAV has stayed steady so far. Few days ago the trading was halt. Today the company made and announcement that they have signed an MOU with a company from Shenzhen on "business transaction that will unlock shareholders' value" and lifted the trading halt.When the market closed this evening HTL sha...

Rolls Royce: Aircraft and Engine retirements
Discovered on 19 Oct 2015 at 9:39 am
Roll's recent profit warning was due to the transition from old engines to new one.  Old planes are being retired, reducing maintenance income, while Rolls is still waiting to ramp up production in new engines.I need to get some idea of the numbers of aircraft being retired in the future.  Is there more to come?First, lets look out the different aircraft models based on range and payload:Ignore Narrow body aircraft at the bottom left, which are irrelevant to Rolls.Jumbos, in the top right, ar...

Bought Rolls Royce
Discovered on 19 Oct 2015 at 9:23 am
Bought another 2073 RYCEY ADRs, at $10.4255.  Total cost USD 21,621.Thats priced at roughly 13X earnings.  Rare to find inexpensive blue chips in year 6 of a bull market.  Now I have a full position in this counter.Now around 85% in cash.

Bought USD
Discovered on 5 Oct 2015 at 9:15 am
In late 2011, I sold my Perth property and converted the money to SGD, because:Commodity booms are cyclical, and we were 9 years into one.The property's price had risen 4 times in 14 years, (non-mining) wages had only risen 50-100%.I was expecting a recession.The last didn't happen, and I was 2 years early, but the decision proved correct:Today I converted a significant amount of SGD to USD.  This decision is a lot less certain.Holding SGD is a little bit of a risk (not a lot), as its lumped ...

My Investment Portfolio (September 2015)
Discovered on 30 Sep 2015 at 8:00 am
STI ended the month with 4.7% loss to close at 2790 points. The usual concerns had been there in the market, plus China showing signs of sharper slowdown. The S'pore election results had not improved market confidence and the uncertain Fed decision on when to hike interest rate doesn't help matters.For this month, I have attended the following AGMs/EGMs/briefings - CapitaMall Trust, CM Pacific, SGX and Lian Beng.For my top 30 holdings, Sarine Technologies had recovered well after...

Portfolio Update - 22 September 2015
Discovered on 22 Sep 2015 at 4:46 am
I normally update my portfolio at the end of the month. However, I will be going for my holiday in towards the end of September and will be back only on 7 October. So I decide to update my portfolio earlier this month. Market continue to be nominated by China slowdown story. Now it seems that China market volatility and Yuan devaluation is pulling down everyone, even the Fed decided to postpone the rate hike. Singapore market continue to be volatile and trend downwards. No even the great PAP ...

GE2015 - My own analysis on Opposition's Loss
Discovered on 17 Sep 2015 at 4:24 am
GE 2015 is finally over, with PAP winning close to 70% of the votes, getting back Punggol East SMC, and reducing PW's winning margins in Aljunied GRC. Many prominent people have given their opinion on why the PAP had this landslide win. Here is my own 2 cents worth on why the opposition did not do well this time. First of all, opposition parties' strategic goal and action plan did not tally. Right from the beginning it was clear that the opposition parties did not aim to take over the governm...

Topping Up My Retirement Account
Discovered on 16 Sep 2015 at 5:08 am
I have passed the age of 55, and according to CPF rules, I cannot top up my Special Account, besides the monthly contribution from my employer. Yet because the government has raised the limit of minimum sum, CPF Board allows me to top up my retirement account, either by cash or transfer from money in OA. Cash top up enjoys tax rebate (limited to $7,000 per year). Since I am still gainfully employed and pay quite a bit of income tax, I made a cash top up today to my retirement account. Since t...

My Investment Portfolio (August 2015)
Discovered on 1 Sep 2015 at 1:38 am
STI ended the month below 3000 points to close at 2921. More bad news in the market as China's shock move to devalue the yuan and worries about its slower economic growth, recent terror attack in Thailand, mass protests in Malaysia, Fed rate hike decision and also devaluation in regional currencies. The sell-down in the markets had been global, and it has been another bad month for investors. On a personal note, this month had been the most difficult market for me since I become a full-time i...

Portfolio Update - 31 August 2015
Discovered on 31 Aug 2015 at 4:37 am
August has been a bad month for share investors. Weakness in Chinese economy growth caused the Chinese stock market to slump. Of course the extreme volatility of Chinese stock market was also caused by the over-leveraging of the investors which has pushed the share prices to an insane height previously. The crash of Chinese stock market in turn affected the other markets, Singapore included. On 24 August (which incidentally is my birthday), STI dropped 127 points on a single day! Many thought...

Rolls Royce: Cashflows
Discovered on 28 Aug 2015 at 10:11 am
A look at Rolls earnings and cashflows.  Same as for any company I want to buy. Earnings vs CashflowsFirst, ignore the Net Financing.  These contain large profits or losses from their currency hedges (mark to market), irrelevant to their underlying business.  All the earnings below exclude this.Lets see how past earnings and cashflows compare:The stated earnings “smooth-out” the Cash Flow from Operations (CFO).  Sometimes they are higher, sometimes lower.  For the next two years, CFO is expec...

Scrips Dividend Scheme
Discovered on 12 Aug 2015 at 9:23 pm
Many high yield shares and trust (esp. REITs) offer scrip dividend scheme to the shareholders, i.e. shareholders can opt to receive shares instead of cash for their dividend. The advantage of the scheme is that shareholders can buy additional unit without paying commissions. The disadvantage is that he will have odd lot which is not easy to liquidate. To encourage shareholders to opt for scrip, companies will normally offer a small price discount to the shareholders.I have been subscribing to...

Terminating Life Policies
Discovered on 2 Aug 2015 at 4:36 am
I held a few life protection policies from various insurance companies, which I bought more than 25 years ago. At that time, I was convinced that I needed the policies as I just started working and was supporting my parents financially. If anything should happen to me, at least I would leave a sum of money for my parents. After I got married, I thought these policies would be good to protect my young family. More than 20 years have gone by since then. With the passing of my parents, and gradu...

My Investment Portfolio (July 2015)
Discovered on 31 Jul 2015 at 7:19 am
It was a month to forget for investors. STI ended the month down at around 3202 points. The shaky China market, decreasing oil price and pending US interest rate hike were the factors contributing to the market weakness. Furthermore, news of short sellers targeting stocks like Noble Group contributed further to the selling.For this month, I have attended the following AGMs/EGMs/briefings - Ascendas Hospitality Trust, Fu Yu, SMRT, Azeus, The Hour Glass, MapleTree Industrial Trust, LHT...

Portfolio Update - 31 July 2015
Discovered on 31 Jul 2015 at 4:55 am
Market has been very volatile in the month of July. STI started negative, swing back to positive territory, than dived into negative territory in a free fall fashion on the last few days of trading. Index was still up 1% on 24/7, but the last week completely wiped out this gain. As at 31 July 2015 STI closed at 3202.50, down 3.46% compared to last month. My portfolio also also swung from positive to negative with the index. As at month end, its value declined  2.93%. This month, I bought into...

SRS Withdrawals - No Longer Need to Cash Out and Reinvest
Discovered on 30 Jul 2015 at 4:35 am
According to the MOF website, SRS members no longer need to liquidate their investments when they withdraw their savings from SRS account. Instead they can have their investment "transfer" out. Please read:From MOF website: http://www.mof.gov.sg/MOF-For/Individuals/Supplementary-Retirement-Scheme-SRSSRS Withdrawals in the form of investmentsPreviously, all SRS withdrawals must be made in cash. Where savings in an SRS account have been used to acquire investments, the investments must be liqu...

US Natural Gas (part 2) - valuing Advantage Oil and Gas (AAV)
Discovered on 11 Jul 2015 at 8:54 am
Continuing my previous Nat Gas post.   Steps showing how I value Advantage Oil and Gas, a low-cost Canadian natural gas producer.  Since Natural gas prices are highly cyclical, I am trying to normalise them based on the futures market (see Market Based Forecasts here in a paper by Aswath Damodaran).  The futures market is best predictor of market prices as they know more than anyone else.Heres the details:What are AAV's realised prices compared to the benchmark?  The company gives their reali...

Sold Kweichow Moutai
Discovered on 9 Jul 2015 at 7:43 am
Sold my holdings, 900 shares @ CNY 244.  Profit ~ SGD 15.5K.Why did I sell?  Its a toss up between:Hold, because its a good company at reasonable valuations and good long term growth potential, and I've got nothing else to buy.orSell - I may not be able to if things get bad later on.  With shares being suspended.  And banning those with more than 5% holding from selling.  And blaming evil foreigners.  Its possible for them to cut off the HK Shanghai link at any time.I don't think any bursting...

My Investment Portfolio (June 2015)
Discovered on 1 Jul 2015 at 1:30 am
STI ended the month at around 3317 points.The Greek debt crisis fears plus China market movements had continued to worry investors as market volatility increases. It had been a difficult month for long term investors as STI swing from positive to negative and back to positive again everyday. For this month, I have attended the following AGMs/EGMs/briefings - Blue Sky Power, Communication Design International, Frasers Commercial Trust, Ezra, Transit-Mixed Concrete, Cheung Woh, Chemica...

Understanding the Blackrock Group Multi-Asset Income Fund
Discovered on 13 Jun 2015 at 8:34 am
Andy Warwick explains the tactical allocation of the Blackrock Group Multi-Asset Income Fund.

Modest Gain in my Unit Trust Portfolio
Discovered on 12 Apr 2015 at 7:36 am
I seldom keep track of my Unit Trust portfolio as I have spent extensive time to construct it at the onset. It is engineered to pay monthly dividends as a form of consistent profit taking and ideally, the $600k portfolio should be paying 5% dividends and having 0% growth. It was constructed with a balance portfolio in mind, diversified between equities and fixed income; invested across different currencies, geographies and having negative correlation with different asset classes such as US tr...

SIA plans to buy stake in South Korea's Jeju Air
Discovered on 17 Mar 2015 at 12:29 am
It was reported that SIA is in discussions to buy an equity stake in South Korea's low-cost carrier Jeju Air. The announcements were made on 18 March though it was also stated that this might not necessarily lead to any transactions.Jeju Air has a market capitalization of less than 1 billion Singapore dollars. As of writing, SIA was trading at $11.95.The SIA Group currently comprises of SIA, Silkair, Scoot and Tiger Air.

Good bye textbooks..
Discovered on 28 Jan 2015 at 6:49 am
Today my maid was clearing my room and asked whether she could (finally) clear my unwanted texts, files and notes I have not touched for years. I gladly agreed. I used to have the habit of keeping ALL my textbooks religiously for fear that I may need them if I ever meet an unsolvable problem at work. My belief was shattered as over the past decade, nothing of such happened. No wonder I do not see any plumber or air con technician bringing along their work manual to my home! The notes and text...

SBC predictions: Elections will be this year 2015 (2H), BEAR market after.
Discovered on 16 Jan 2015 at 7:14 am
In my course of work, I am rewarded directly how accurate I read the future. If I get it right, clients make money and I am rewarded with trading fees.Often, I base my decision on a combination of logic, pattern observation and intuition. Sometimes the trend are extremely obvious, eg we should be buying USD or HKD ever since there are talks from the Fed to hike rates last year; we should have been (and still) borrow in Eur, in which the interest rates is below 1% and buying into higher yieldi...

My stocks portfolio - Dec 2014
Discovered on 9 Jan 2015 at 8:51 pm
My stocks portfolio - Nov 2014
Discovered on 9 Dec 2014 at 9:38 pm
Migrate to Australia
Discovered on 1 Dec 2014 at 9:41 am
Migrating to AustraliaAustralia is country of immigrants.  With large swathes of land, a friendly climate and generally low unemployment rates, Australia is one of the top destinations for many people in Asia who are looking for a place to migrate to.  Whether it is true or not, many people also think that Australia has a generally slower pace of life compared to their own countries.  The standard of living in the cities and the surrounding suburbs are also generally high though racism is not...

Last Stage of Bull Market?
Discovered on 30 Nov 2014 at 7:09 pm
As Sir John Templeton puts it so rightly: "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria."Pessimism is born.After the global financial crisis of 2007-2008, stock markets plummeted and everybody got out of stocks.  People feared a great crash and cashed out.  The worst was feared.  Large financial institutions might have collapsed if not for the bailouts.  Everywhere was gloom and doom.  Nobody actually wanted to enter into stocks.  This would a...

Jim Rogers on Russia and China, Did Not Buy Alibaba, & Run For Your Lives
Discovered on 28 Nov 2014 at 7:04 pm
Malaysia Palm Oil Futures Rise - Hope for Golden Agri and Wilmar?
Discovered on 25 Nov 2014 at 8:31 am
Malaysian palm oil futures rose on 25 Nov 2014, moving away from the one-month low.  It closed at RM2,218 as compared to the 28 Oct low of RM2,187.  Palm oil output rose 2.4% between 1 Nov to 20 Nov compared with a month ago, lifted mainly by a 9% increase in yields in Sabah.  Oil palm is a big thing in Malaysia.Low palm oil prices have caused stocks like Golden Agri-Resources, Bumitama, First Resources, Wilmar, etc to drop in their share price over the past few month.  Export demand is expec...

What Scrooge McDuck can teach PAP ministers, TRE born losers etc
Discovered on 18 Nov 2014 at 2:05 pm
In the 60s and the 70s, I loved getting my hair cut once a month in the Arcade at Clifford Pier. One LKY had his hair there too but the reason why I loved going to the the barber was the comics the shop had. A particular favourite comic hero was Scrooge McDuck, the maternal uncle of […]

Ang mohs rioted meh? Not South Asians? Workers’ orms are multi-racial?
Discovered on 17 Nov 2014 at 3:14 pm
Racist joint-exercise at dormitory?  Khaw Boon Wan had said the exercise was to “test our response capability” so that when “quarrels erupt, leading to fights or worse” the police will know what to do. it was not that obvious that they knew what to do in Little India. Going by the KPKBing by people like […]

Reits and other high yielders fit narrative for the “New Neutral”
Discovered on 16 Nov 2014 at 11:58 pm
BOND KING’S MANTRA LIVES ON William H. Gross may have departed Pimco, but executives at the bond giant have embraced his view that a stagnating global economy will force central banks to keep interest rates low, Landon Thomas Jr. writes in DealBook. … Before he left the firm, Mr. Gross called his insight the “new […]

The Dark Side of vigilantism
Discovered on 16 Nov 2014 at 2:27 pm
My Facebook avater posted something on FB to the effect that “It waz vigilantism that won the Wild West. Without concerned, fed-up citizens taking action, the US wouldn’t have had the rule of law.” Of course, he was talking rubbish. It’s well documented that innocent people were killed by posses of outraged citizens because they […]

Meng Seng would be KPKBing if this happened here
Discovered on 15 Nov 2014 at 3:03 pm
Seriously, I doubt S’poreans would be so tolerant of the u/m. GG would go red in the face and GMS would call this a trespass on our sovereignty. Well at least we know that GMS’s sojourn in HK hasn’t made him as friendly to the Pinoys as the Hongkies he so admires. A COMMUNAL sit-in […]

Education, NS: Korea versus S’pore
Discovered on 14 Nov 2014 at 4:50 pm
Where got liddat here? Even rabid ant-PAP cyber warriors don’t describe such things happening here. The dark side of South Korea’s education model – Although South Korea is renowned for its education system, the consequences of its success should not be overlooked, writes Se-Woong Koo for the New York Times. “Dominated by Tiger Moms, cram […]

Latest US investment philosophy
Discovered on 14 Nov 2014 at 12:58 am
“Buy & hold” is history. “Trading” is in. Locals (before FTs took over SGX and made contra trading even more difficult) and Hongkies have been doing this since time immemorial. The new investors’ philosophy seems to be, rather than pay a financial adviser to let their stocks languish in a buy-and-hold paralysis as the market […]

PAP voter stops paying S&C charges to force out WP/ Oppo supporters shld imitate?
Discovered on 13 Nov 2014 at 2:16 pm
In response to this, the following was posted by someone who it seems voted for the PAP in Aljunied and who refuses to accept the election result and refuses to pay his S&C fees: I am an Aljunied resident living with my parents. Lately, due to some disagreements I had with the TC, I have […]

StanChart bosses apologise to shareholders
Discovered on 12 Nov 2014 at 11:48 pm
Top bosses at Standard Chartered admitted the bank’s performance had been disappointing as they announced plans to close 100 branches in a $400m (£250m) cost-cutting drive to win back support from disgruntled investors. The admission was made as the bank’s top management team began three days of presentations to investors, who have endured a 30% […]

LKY: Why liddat PAP?
Discovered on 12 Nov 2014 at 2:38 pm
I was sadden* when I saw the above. Was it necessary to take photos of LKY standing? When he had to be propped up in such an obvious matter. No-one should be treated like a prop, especially not LKY. There were ways to make sure he could have stood in dignity, if it was tot […]

My stocks portfolio - Oct 2014
Discovered on 2 Nov 2014 at 8:15 am
My stocks portfolio - Sep 2014
Discovered on 1 Oct 2014 at 12:47 am
Annuity plans are just a function of compounded interest benefits
Discovered on 2 Sep 2014 at 7:29 am
Today I read an annuity benefit illustration on a brochure:40 year old male contributes 24,200 yearly for 5 years. At age 65, he receives $2,000 per month (non-guaranteed) till 85 with a lump sum maturity of $72,000 (non-guaranteed). Hence the total potential return is $552,000.The insurer has a track record of meeting its projection. Hence for simplicity sake, let’s assume above are guaranteed returns.At the onset, it sounds extremely attractive to me. I can have an income to complement my C...

My stocks portfolio - Aug 2014
Discovered on 30 Aug 2014 at 10:25 pm
My stocks portfolio - Jul 2014
Discovered on 3 Aug 2014 at 1:09 am
My stocks portfolio - Jun 2014
Discovered on 2 Jul 2014 at 10:12 pm
My thoughts on CPF minimum sum, retirement and risk hedging
Discovered on 1 Jul 2014 at 9:30 pm
If you were to receive $155,000 and asked to stop working for 5 years, would you agree? How about stop working for 10 years?I have written articles on retirement and income investing long enough to know that one can never solely rely on CPF for retirement. The main reason is because majority of CPF savings are often used to fund your home purchase, the OA account usually has very little left to be set aside for retirement. Hence more often than not, the minimum sum is usually what is left aft...

4 in 10 Singaporeans Want to Retire at Age 55 ....but They Are Probably Not Saving Enough
Discovered on 18 Jun 2014 at 9:26 am
A 2014 Randstad Award survey released earlier this year indicated that almost 4 out of 10 Singaporean employees wanted to retire at age 55.  That is a full 10 years before the official retirement age of 65 in high cost Singapore.  This survey involved over 6,000 employees with ages ranging from 18 to 65.Is retiring at 55 realistic?It is not surprising that many had mixed reactions on how realistic this target is. In yet another survey by HSBC, 4 in 10 Singaporeans were found not to have set a...

My unit trust portfolio
Discovered on 7 Jun 2014 at 2:54 am
Throughout my investment journey I learned the importance of diversification and dividend investing. Diversification hedges against single stock/bonds mishap and over confidence in one company; dividend provides the psycological consolation of recurring income from my investments. Last year after much deliberation, I liquidated part of my stocks portfolio and purchased unit trust in order to diversify the systemic risk. I still hold a good number of blue chips like DBS, SGX CAMBRIDGE, OUE, Se...

My stocks portfolio - May 2014
Discovered on 3 Jun 2014 at 12:13 am
My stocks portfolio - Apr 2014
Discovered on 4 May 2014 at 6:20 am
My stocks portfolio - Mar 2014
Discovered on 1 Apr 2014 at 4:42 am
My stocks portfolio - Feb 2014
Discovered on 7 Mar 2014 at 8:51 pm
Newbie's IB Portfolio and New Bond Portfolio - End February 2014
Discovered on 1 Mar 2014 at 1:46 am
Newbie's IB Portfolio - Short Gold! OMG!!!!
Discovered on 26 Feb 2014 at 12:28 am
Ridiculous Initial Margins In IB For 2 Closed End Funds?
Discovered on 25 Feb 2014 at 12:02 am
Newbie's IB Portfolio - Interim February 2014
Discovered on 24 Feb 2014 at 7:38 pm
Newbie's IB Portfolio - Problems Encountered
Discovered on 20 Feb 2014 at 7:37 pm
Newbie's IB Portfolio - Inception
Discovered on 19 Feb 2014 at 8:26 pm
My stocks portfolio - Jan 2014
Discovered on 6 Feb 2014 at 9:25 pm
Research report on yield securities - SGX
Discovered on 3 Feb 2014 at 8:57 pm
Newbie's new bond portfolio performance - 2014 against Inception (31st December 2012)
Discovered on 31 Jan 2014 at 7:46 pm
My stocks portfolio - Dec 2013
Discovered on 1 Jan 2014 at 11:53 pm
My stocks portfolio - Nov 2013
Discovered on 8 Dec 2013 at 9:21 pm
My stocks portfolio - Oct 2013
Discovered on 3 Nov 2013 at 10:29 pm
My stocks portfolio - Sep 2013
Discovered on 5 Oct 2013 at 11:41 pm
Insights into Risk Management & Financial Markets: Do you think I am an idiot
Discovered on 21 Sep 2013 at 4:15 pm
Insights into Risk Management & Financial Markets: Do you think I am an idiot: 2013 is the year where markets is ‘played’ to the tune of QE and its noises. Not depression, inflation, growth, etc. My earlier post ...

Do you think I am a financial idiot?
Discovered on 21 Sep 2013 at 4:02 pm
2013 is the year where markets is ‘played’ to the tune of QE and its noises. Not depression, inflation, growth, etc. My earlier post on GFC, QE1 QE2 (QE3, QE infinity, QE finite) what’s next is the series of events on a blueprint of how financial markets is designed to trend. Why QE? Global (and US) QE were designed to lower long term interest rates with the objective of improving growth!

My stocks portfolio - Aug 2013
Discovered on 5 Sep 2013 at 10:14 pm
Good savings from SRS and CPF voluntary contribution
Discovered on 24 May 2013 at 8:14 pm
It is the time of the year to pay income tax. The company owners are happy to receive dividends instead of income as they are tax a maximum of 18% at corporate level. The income I receive from REITs and listed company has already been taxed at source. Hence, I do not benefit from the corporate tax structure. For ordinary middle income Singaporeans like you and me, we can contribute to SRS and CPF (special account) to save a little on tax.I have completed my last module last year for my postgr...

What happened to my Sembcorp put option trade I did in March?
Discovered on 7 May 2013 at 4:55 am
After entering the trade on my ELN for SCI, my initial outlay for 11,000 shares was 54,604.28. It was converted to shares, instead of just earning the option premium. Just after it went XD, I sold it at $5.02, settlement amount was $55,107.73. Hence capital gain was about $500. I am also entitled the $0.15 per share dividend, which works out to be $1650. Hence the total gain was $2,150. In percentage terms, my gain was 3.9% over 1 month. Given the current rising/range trading markets, I will ...

SPH CRASHED 5.65% IN ONE DAY
Discovered on 15 Apr 2013 at 4:41 am
Fortunately I closed my entire SPH position in one day when it reached $4.47. It is facing the stark fact that it is a sunset/declining industry, inching its demise towards paperless age. The REIT story was a nice opportunity to exit at a modest profit. Will it materialize? Perhaps not in the next 6 months. I have since reinvested the proceeds in unit trust, oil and gas, utilities sector and embarked on portfolio financing by pledging all my shares and unit trust to a bank. By end of May, I s...

F&N to be delisted?
Discovered on 4 Apr 2013 at 10:13 pm
Fraser and Neave (F&N) might not be delisted after all.  After controlling shareholder took over the company, there has been 2 senior appointments to the board of F&N.  The property and beverage conglomerate has appointed Koh Poh Tiong and former Singapore finance minister Richard Hu to the board.  Mr Koh Poh Tiong is a food and beverage veteran.These appointments have led to speculation that Mr Charoen who bought over F&N might be keen to keep F&N listed on the Singapore stock exchange.  Mr ...

Marco Polo Marine- A Buy
Discovered on 19 Mar 2013 at 7:30 pm
Marco Polo Marine (MPM) headquartered in Singapore is an investment holding company which was founded in 2006. Its primary business is to offer tug boats & barges to a diverse set of customers spanning from commodities, mining, infrastructure, construction, property development and land reclamation industries amongst others It also engages in transshipment services which could be defined as transportation of coal from the Indonesian mines to coal purchasers and from their transporting it to A...

Nam Cheong Limited - A Buy
Discovered on 18 Mar 2013 at 10:36 am
Nam Cheong Limited (NCL) is the largest Offshore Support Vessels (OSVs) shipbuilders in Malaysia. It is also one the largest regional players. Established four decades ago, NCL is headquartered in Kuala Lampur, Malaysia. Its prime focus is on building environment friendly & technologically advanced OSVs which are used in the exploration & production of offshore oil & gas.Currently, NCL has 37 vessels in October 2012, under its shipbuilding program which is due for completion by 2013.NCL’s glo...

Sold off all my SPH at $4.47!
Discovered on 13 Mar 2013 at 4:57 pm
I sold off my SPH at almost 5 years high of $4.47 pocketing a nice profit and the dividends since 2007. I received about 6% dividends every year while sitting of paper losses of between 100,000 to 10,000. It was a difficult period to hold on to such a stock with very limited upside. During the Lehman brother crisis, the generous dividends gave me strength to buy ARA, Fortune Reit, Parkway Life, Starhill Reit, Lippo Malls, Cambridge, OUE etc, while all these counters have gave me nice dividen...

3 Bedroom or 3 Bedroom Dual Key
Discovered on 9 Mar 2013 at 7:41 pm
The dual key unit costs $975,000, which is about $250,000 more than the unit I bought. I was struggling whether to spend that $250,000 for the unit for investment. However I decided against it, not due to affordability issue, but rather value principles. The dual key unit costs $250k more compared to 3BR, $300,000 more than a 2BR. Hence buyers are paying more than 1,000 psf for the 250 square feet studio. This costs the same as buying private condominium studios. If Topiary appreciates, likel...

Finally bought a property! (Part 3)
Discovered on 9 Mar 2013 at 5:58 am
Then, we chanced upon Topiary, which looked very far off on the Singapore Map near Sengkang, along Fernvale and Yio Chu Kang Road. It is not within 5 minutes to walk to Fernvale LRT. It is a good 15 minutes. We walked over to Greenwich, which has a cold storage and a number of nice restaurants. The nearest MRT was Buangkok 3km away, followed by Yio Chu Kang, a 10 minutes drive away. Clearly, the location was not the best. However, we noticed that new condo developments just across the road ...

Finally bought a property! (Part 2)
Discovered on 9 Mar 2013 at 3:47 am
Upon deciding to purchase Riversail, I brought my family members, fiancée, colleagues to view my chosen unit. They all feel it is a good buy, given current market situation. My fiancée who started work 6 years ago also said she could contribute some money for our future (be it for own stay or investment). All the better, then I will include her in the mortgagor as well. We did our sums and financing was extremely comfortable; she has about $70,000 CPF and $20,000 cash to contribute, I can cov...

Finally bought a property! (Part 1)
Discovered on 8 Mar 2013 at 3:43 pm
The next few posts will document my journey to search for a value property and the thinking process, dilemma I had during the hunt. The first property showroom I went was Riversail near upper Serangoon Cresent. It was a private condominium developed by Allgreen. The property was about 3KM from where I am staying. I like the property for several reasons. - Near to my current home. I am familiar with surroundings such as Hougang Mall, Buangkok, Compass point, Nex, Kovan heartland mall. - Next t...

ARA Asset Management - Good Business, Great Stock?
Discovered on 2 Mar 2013 at 6:55 am
ARA Asset Management is an Asian real estate fund management company that focuses on the management of public-listed real estate investment trusts (REITs).  ARA is listed on the Singapore Stock Exchange and is also an affiliate of Cheung Kong Group (whose chairman is currently Li Ka Shing).Company InfoARA was listed on SGX on 2 Nov 2007.  It manages various REITs that are listed on both the SGX as well as the HKSE and Malaysia Stock Exchange.  REITs that it manages includes Hui Xian REIT (HKS...

Global Premium Hotels - A Buy?
Discovered on 27 Feb 2013 at 11:34 pm
Global Premium Hotels (GPH) operates one of largest chain of budget hotels in Singapore. Its established track record and reputation of providing affordable accommodation has led to its "Fragrance" brand of hotels becoming well-established in the local and regional hospitality industry. Most of GPH’s assets and hotel operations are located in the city or city-fringe areas in Singapore.                                      Global Premium Hotels runs 23 hotels across the country out of which 22...

6.9M population? I don't believe...
Discovered on 10 Feb 2013 at 9:03 am
I do not follow a lot on the ranting of increasing our population to 6.9M. The existing infrastructure have their own constrains to be able to cope with another 1.5M of population. Look at our expressways. If we were to widen the roads, it will cut into temples, homes, pavements. Our main MRT stations are already near to maximum capacity. How much more can they transport? Our cars are already very expensive. Must cars be so expensive that it is only a privilege for the wealthy?   The fundamen...

A Visit To #1 Loft at Geylang
Discovered on 10 Feb 2013 at 2:13 am
Few days ago I passed by a condo showroom about 400M away from Mountbatten MRT. I was curious about the climate of sales in new launches and decided to pop in.  As usual, the actual location of the development was not at the showflat but about 1km away at Geylang Lorong 24.  Nice bed that matches with decorThere were only 2 prospective buyers in that afternoon (including me) in the showroom. The agent was very warm, telling me it is a 5 minute walk to Mountbatten MRT and Aljuned M...

Beware of BID and ASK Spread for Cars!
Discovered on 4 Feb 2013 at 6:36 am
Lately out of curiosity, I decided to check out the value of my 7 year old Japanese car. A search at sgcarmart revealed that the same make/model/year cars would have asking prices of between $20,000 to $25,000 depending on mileage and month of registration. I bought this car in 2006 for $46,000  (no loan) and the car has a residual value in 2016 of $6,000. This means the average depreciation over 10 years is $4,000 yearly, assuming a straight line depreciation accounting. However, if I can ...

How to measure your life?
Discovered on 25 Dec 2012 at 4:45 am
Clayton Christenson, retired professor of Harvard Business School spoke to a group of students about life. He applied his business theories on life and offered some good advices on how to live a good and satisfying life. Prof. Christensen argued that, when we measure our lives, we always mistaken short term tangible indicators such as social hierarchy and wealth as the true measure of a successful life. i.e living in a capitalist society, we are nurtured, so to speak, to measure our lives the...

Why having an investment philosophy is important
Discovered on 28 Nov 2012 at 8:00 am
If you are a reader of my blog, you probably have heard of Muddy Waters and OLAM. Let’s look at the 4 charts of OLAM, NOBLE, WILMAR, GOLDEN AGRI .   Poor performance relative to local STI. In fact if you look at commodities asset class as a whole, most of them are performing poorly, with the exception of physical gold and oil. Recall my post here in 2008 where I blogged about my investment philosophy. I wrote at one point on NOT investing in high volatile stocks and assets classes. “I do no...

Tough time ahead for Tiger Airways
Discovered on 8 Nov 2012 at 10:30 am
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Time to hold Neptune Orient Lines
Discovered on 4 Nov 2012 at 10:30 am
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Dynasty REIT IPO - Li Ka Shing linked to launch end October
Discovered on 14 Oct 2012 at 7:58 am
Backed by Hong Kong billionaire Li Ka Shing, Dynasty REIT will be the first yuan denominated REIT IPO to be launched in the Singapore stock market.  The IPO of Dynasty REIT will be the largest in Singapore this year, surpassing that of Far East Hospitality Trust that was just launched in August 2012.So far, the trust has secured two cornerstone investors: Credit Suisse AG and Amundi (a joint venture between Credit Agricole and SocGen).  Together, they have subscribed to 137.6 million units.  ...

Superior quality makes Ascott a favourite
Discovered on 26 Sep 2012 at 11:00 am
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First REIT - Healthcare REIT to Buy 2 New Properties
Discovered on 25 Sep 2012 at 10:08 am
Long have I held First REIT.  Bought and sold First REIT multiple times making a good profit.  Have also received multiple dividends from it.  While First REIT has usually traded around $0.78cents (at least base on my memory), it has now surged past $1.00 perhaps on news that they are about to acquire two new properties.First REIT has basically entered into a conditional sale and purchase agreements for the proposed acquisition of two new properties in Indonesia - comprising an integrated hos...

Steady progress for Palm Oil industry
Discovered on 23 Sep 2012 at 11:00 am
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How many hours did you spend in your car?
Discovered on 20 Sep 2012 at 7:01 am
My colleague was lamenting that cars used to be cheap to own and he regretted not buying earlier. I need to correct him, car ownership is never cheap in Singapore, especially if you use my calculation matrix. Ever since I started using a GPS to navigate directions, I noticed that I drive an average of 1km/min. If the journey is 15km, I usually take 15 minutes to reach the destination. Hence my average travelling speed works out to be 60km/h. This is largely consistent with the average speed o...

3 months from June low... Markets are up again!
Discovered on 18 Sep 2012 at 10:08 pm
In early June there was an opportunity to invest into the markets as markets looked bleak with eminent downside risks. This was an exact replication in April 2012 when markets have moved up swifty, with STI surpassing the 3,000 mark in April, before correcting to 2700 levels in June. Fast forward 3 months later, markets are again in euphoria and STI has rallied 12% (before dividends). If you look at fundsupermart GM’s portfolio, it has rallied about 10%( with dividends likely to be reinveste...

What is missing in your financial plan?
Discovered on 12 Jun 2012 at 8:00 am
A financial plan is an on-going process of fact finding, analyzing your current budget and financial goals to accomplish the final financial goal or a set of circumstances, e.g. elimination of debt, retirement preparedness, etc. If you have a sound financial plan, you could probably ignore the rest but please send me a bouquet if you find something that is 'of thought' in my post. Thanks in


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