Author: Mr. IPO

Passive income from blogging?

When i started my Singapore IPOs Blog on 7 July 2007, I wonder if it is possible to receive some passive income from blogging. The idea behind was to combine my passion for investing with my desire to share that knowledge through blogging and then trying to earn some coffee money out of it. I will share with you my experiences here and you can decide for yourself if you want to take this path. It took me exactly one year before i receive my first pay check from Google for reaching the minimum payout milestone of US$100. I...

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Gaylin Holdings Limited (Preview)

Just after i complained about a Singapore IPO Famine on Tuesday, someone asked me today if I want to subscribe for the placement shares of the upcoming company – Gaylin Holdings Limited. The draft prospectus is here. Finally i see some decent local company going for IPO! Hence the reason for the preview this time (usually i not so free :-P). Anyway, the indicative issue statistics as follows: Existing no. of shares = 300m. New shares to be issued pursuant to the IPO = 110m No vendor share sale IPO price = S$0.35 – S$0.37 Total IPO raising =...

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Far East Hospitality Trust – Insiders in action?

I am not sure if you read my post on FEHT on Monday. The post is here. Here is the updated chart at closing today. The stock moved up strongly on Monday and 3 initiation research reports came out this morning (Wednesday)! Goldman Sachs came out with a Neutral report and a 12 month DCF target price of $1.02 OCBC came out with a buy and $1.14 target (1.08 fair value plus 4 cents dividend) DBS came out with a buy and $1.10 target. You can see that the prices ran on Monday. Remember my posting on the importance of...

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Pursuing Financial Freedom the "right" way.

I read with interest various blog posts regarding whether one should give allowance to their parents or applying for bursary when one don’t really need it. I guess it struck a bell within me to make me write this post today. In July this year, i wrote a $5,000 cheque to my Alma Mater. I committed to the school that i will donate the same amount for 10 years as long as i am working. It is my way of saying thanking to the school who made me what i am today (be it good or bad), for helping me...

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Singapore IPO Famine?

If i need to make a living out of blogging on companies listing in Singapore, i think i will probably go very hungry…and we are currently experiencing a famine here!  It is amazing why companies are not rushing out to launch their IPOs since this is such a golden window. Probably they can get their companies out at higher valuations and the share price can be sustained post listing. If you look at the pipeline, there is absolutely "nothing in sight" except for a Indian business trust called Global Telecommunications Infrastructure Trust.  Pipeline For readers who want to know...

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Any further government cooling measures?

This is a continuation of my previous post.  The chart below shows you the various government measures. It is interesting to note that the government has implemented 5 rounds of cooling measures since 2009.  I am not sure how MS came to this conclusion but they are expecting residential price to tall by 13% by Dec 13? In my mind, I was expecting the consolidation and correction (if any) will probably take longer and will hit the 180-200 levels only in 2014-2015. To reach 180 levels in such a short span of time, you will need sentiments in the...

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Importance of Closing Prices

It’s Ninja Lesson time. I am not sure if you have heard of the quote before “Amateurs open the market, but professionals close it”.  In short term trading, closing prices are more important than opening prices. It tells your the force behind the price movement and whether the price is weak or strong. Who sets the opening price? Usually it will be people who have read the news (such as results or news announcement) the night before and then put in their orders early in the morning before market opens.  Who sets the closing prices? Usually, it will be the professionals or market...

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Far East Hospitality Trust

Far East Hospitality Trust in my SRS Fund had a nice run up. This is probably due to the good news that Singapore has extended its F1 contract by another 5 years till 2017. Investors probably like what they are hearing and move into the stock throughout the day...

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My Property Journey Rewind – 2006

Lets continue with part 4 of my story today. Part 1 is here. Part 2 is here. Part 3 is here. It was 2005, we had just sold our HDB flat at a loss, placed a booking for a condominium but we were “broke” and needed somewhere to stay. We decided to rent a 3 bedroom at a condo in the east. The condo was near to both my parents, in-laws and the caregivers. It was a new condo that had just TOP and was built by City Developments. The owners were staying in a HDB and decided to...

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The iPhone5 is so HOT…. that I top up my SRS account.

I thought I was “lucky” enough to receive the confirmation email from Singtel to inform me that I can book an appointment to Marina Bay Sands on last Friday. The “happiness” turned to “frustration” when i couldn’t even log in at 10pm and after trying for the longest time, i was informed that all the slots have been taken up. :( On Friday evening, I received an email telling me that I was able to purchase the phone from any Singtel shops from Saturday onwards. I decided “strategise” and visit the most remote outlet in Raffles Place to buy...

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Perennial China Retail Trust

Today i added 10,000 shares of Perennial China Retail Trust (“PCRT” or the “Company”) to my SRS portfolio at $0.50 each. I have been contemplating adding either CapitaRetail China Trust (“CRCT”) or (“PCRT”) for the last few days. At one time yesterday, i was thinking, why not add both instead. hahaha. Anyway, back to the story of why i pick this sector and eventually chose PCRT. Despite what people say about slowdown in China, my personal view is that China is still attractive in the medium to long term. The country may not be exporting as much as it...

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Running out of ideas?

I am running out of ideas for the SRS fund. I was contemplating if i should get into Hutchison Port (the Sing dollar version), considering its yield of more than 8% (if i remember correctly) but i would have preferred to get in at 88c or below. In the end i didn’t buy because it is a business trust and that i am uncertain if there will be more weakness in the export economy of China but the downside seemed limited to me. . Someone suggested China Merchants Pacific, a toll road operator in China. The yield is about 7.5%. I...

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The stars are starting to appear for some stocks..

You must be wondering why i wrote this post last evening about looking out for shooting stars and evening stars etc. This is because this is usually the first sign that the market is undecided and hints of possible corrections. Some of them have appeared and if you are a trader, it will be good to tighten your stops when a doji or shooting star first appear. Just scan through the charts and i am sure you can catch some of them. I share some of them with you so that you know how to spot them yourself. Evening star...

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Don’t sell your HDB Flat if you can!

It is interesting for me to make that statement considering that i share with you that my first property purchase ended in a loss. The times has changed because the rules have changed. Previously, we were unable to rent out the HDB in its entirety and the rules were pretty stringent. However, under the current rules, owners who have fulfilled certain conditions will be able to rent out their flat. One of my closest relatives have an executive flat and the family shifted back to their parents’ place and were renting out their flat for the last 2 years. ...

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