Will Straco Corp be de-listed from SGX?

With a slew of SGX listed companies being privatized recently, one wonders whether Straco Corp will be the next to be de-listed. The latest company to be delisted from the Singapore Exchange is Super Group, which is acquired by Dutch coffee firm JDE for a whopping $1.45 billion. Will Straco Corp be de-listed? Recently, Straco Corp purchased a total of 269,800 shares by way of on-market … [Read more...]

Protecting my best asset

This is my 600th article! As I celebrate another milestone for this blog, I can’t help but feel that time really flies. I started this blog in October 2010 to share my thoughts and insights on personal finances and investing. In a flash, it’s been six years already and there had been many changes in my journey.  Well, thankfully mostly positive ones. My main financial goal for this year is to go … [Read more...]

Is it a good time to invest in OCBC shares?

Hi SG Wealth Builder, My comments on your post: OCBC Bank’s 3Q16 results beat market estimates. I’m not sure why it shows “failed to leave comment” on your article post. Hence, I drop you the comment via this mail. My comments: I’m curious on your statement stating that your target entry for OCBC stocks will be at $6.00. Current trade price for OCBC share is $8.43. Based on the liquidity of … [Read more...]

Will SingPost turn the tide?

When Simon Israel took over as SingPost’s Chairman in May this year, investors must be wondering whether SingPost will turn the tide. The group recently announced a set of disappointing 2Q16 results that saw net profit plunging 27.9% due to “transformational investments”. Mr Israel, who is also the Chairman of SingTel, has been tasked to review the corporate governance and appoint a new CEO for … [Read more...]

OCBC Bank’s 3Q16 results beat market estimates

Underpinned by strong performance from its wealth management and profit from life insurance, OCBC Bank delivered an excellent 3Q16 results that beat market estimates. The oldest bank in Singapore reported a net profit after tax of S$943 million for the third quarter of 2016. This was 5% above S$902 million a year ago and 6% above S$885 million the previous quarter. A deeper review of OCBC’s … [Read more...]

Unable to find jobs in Singapore

With big companies like SPH, Keppel Corp and various investment banks announcing retrenchments, this is definitely a dreadful period of time to look for jobs in Singapore. In today’s context, experience and qualifications can only get you so far. So why is it that many Singaporeans are unable to find jobs in Singapore? Is it a case of skills mismatch in today’s new age economy? Are Singaporeans … [Read more...]

The departure of K1 Ventures’ Steven Green

All good things must come to an end. After 15 years of heading K1 Ventures, one of the largest listed venture capitalists, Steven Green unexpectedly announced his departure a couple of weeks ago. I am writing this article to pay tribute to one of the most talented investment wizards in Singapore. K1 Ventures used to be a shipping company in the 1970s and adopted its current name in 2000 after a … [Read more...]

SGX’s 1QFY2017 results

On 19 October 2016, SGX reported 1QFY2017 results. Notwithstanding the net profit amounted to $83 million, the overall performance was poor. This is not surprising given that the bourse operator is a proxy to Singapore economy, which has been sluggish for the whole of this year. Key financial indicators Revenue: $191 million, down 13% from a year earlier Operating profit: $97 million, … [Read more...]

Will gold price surge with the new US President?

8 November 2016 will be a destiny day for Americans when they cast their votes for their new President. Whether its Hillary Clinton or Donald Trump, it will be a tight race for sure. With so much uncertainties, will gold price surge with the new US President? Most people assume that the popular Hillary Clinton will prevail and win the election hands down. But the American election voting system … [Read more...]

Keppel Corporation will retrench even more staff

As Singapore business sentiments soured, retrenchments seem to be the buzzword nowadays.  This is certainly the case for Keppel Corporation, the world’s largest oil rig builder. The difference is that after letting go 8000 of its workforce for the first nine months of this year, Keppel Corporation will retrench even more staff. The sheer magnitude of this “right-sizing” exercise illustrates the … [Read more...]

Will SPH acquire The Finance SG?

When SPH announced its plan to cull staff for the next couple of years, it was a sign of times for the media giant. Faced with falling revenues and declining daily newspaper circulation, SPH is grappling with the disruptions of the media industry. Nonetheless, it is important to note that over the past decades, SPH had made numerous acquisitions of online media platforms. Thus, will SPH acquire … [Read more...]

Dealing with cancer

Yesterday, my colleague shared with me that his mother was diagnosed with Stage 3 breast cancer. I was shocked to hear this news but really didn’t know how best to advise him. So I thought the only thing I could do was to listen to his story. Apparently, my colleague’s mum went for a diagnosis after feeling a lump in her breast two months ago. The preliminary tests revealed that she had breast … [Read more...]

SPH media business review

On 17 October 2016, media conglomerate SPH finally dropped the bombshell. In a media release which highlighted the result of its business review, SPH announced that it will be “right-sizing” to reduce operating costs. To put things into perspective, this is not the first time that the media company is downsizing. It had previously retrenched more than 100 staff in 2003. It is also no secret … [Read more...]

SPH to retrench staff

Today, Yahoo Singapore publishes an article that SPH is expected to retrench about 10 percent of its staff. If the move is official, the retrenchment figure will be higher than the 111 staff it retrenched in 2003. The sheer number of SPH staff expected to be laid off is frightening. This is because back in 2003, the business condition was difficult due to Iraq war and SARS outbreak. In today’s … [Read more...]

Lack of understanding on Medishield Life among Singaporeans

I came across the article by fellow blogger, Andrew Loh, on his recent medical bill. Andrew is a blogger whom I respected a lot because of his various quality articles in Yahoo Singapore website. Arising from his recent medical ordeal, I realized that there is a lack of understanding on Medishield Life among Singaporeans. In his article, Andrew was very clear on the mechanism of Medishield … [Read more...]

Should stock investors run for their lives?

Every four years, money and power will have a showdown. October will be a nerve-wrecking month for Americans as the Presidential Election enters into the final leg. There are a lot of uncertainties as to who will be the most powerful person on earth. But regardless the outcome, investors dislike uncertainties. In view of this, should stock investors sell everything and run for their lives? The … [Read more...]

Is it worth investing in SIAEC shares now?

Currently trading at $3.73, SIA Engineering Company (SIAEC) shares have not reached the 5-year low of $3.35. But it does not mean that the company is doing fantastic either. SIAEC shares had been sliding from a record level of $5.29 since 2013 and many investors wonder whether it would be worth investing in SIAEC shares now. For 1Q16, SIAEC announced profits amounting to $199.8 million as … [Read more...]

Hellfire from Swiber Bond and Lehman Brothers Minibond

Sometimes, life is stranger than fiction. The recent implosion of Swiber junk bond brings back memories of Lehman Brothers Minibond saga in 2008. About 10,000 retail investors in Singapore lost their investments totaling more than $500 million in products linked to Lehman Brothers. The similarity between the hellfire from Swiber Bond and Lehman Brothers Minibond is that DBS was one of the … [Read more...]

OCBC Wing Hang Bank

On 18 July 2016, OCBC announced the merger of its two banking subsidiaries in China – OCBC Bank (China) Limited and Wing Hang Bank (China) Limited) – to become OCBC Wing Hang Bank (China) Limited (“OCBC Wing Hang China”). After acquiring Wing Hang Bank in 2014, OCBC wasted no time in building its investment moat in China. OCBC in China China is a strategic core market for OCBC, given its … [Read more...]

Explosive form of Sheng Siong shares

Since my previous review in May 2016, Sheng Siong shares had an explosive form. The supermarket operator’s share price surged from $0.89 to the $1.00 support level. This is an impressive run and effectively, Sheng Siong had shed the “penny stock” tag. Once again, Sheng Siong delivered a quarterly performance that are within expectations. Revenue continued to grow, recording an increase of 5.5% … [Read more...]