Author: Heartland Boy

At-Sunrice Academy: SkillsFuture Approved!

What is SkillsFuture? In Budget 2015, the government made a bold move by giving S$500 to every Singaporean aged 25 and above.  This $500, known as SkillsFuture Credit, can be made to pay for eligible courses that commence from 1 Jan 2016 onwards. This $500 can also be used to pay for course fees even if these courses already enjoy existing government subsidies. SkillsFuture is a movement by the government to provide Singaporeans with the opportunity to develop their fullest potential throughout life. The government had hoped that the skills, passion and contributions of every individual will drive Singapore’s...

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QAF Limited- Initiation Report

Business Model of QAF QAF has several business segments- Bakery, Primary Production, Trading and Logistics, Cold Store Operations and Others.  Because QAF’s profit and revenue are significantly influenced by only its bakery and primary production segments, this initiation report would only focus on these 2 segments. Bakery Segment Its bakery segment is primarily engaged in bakery manufacturing and distribution of familiar brand names such as Gardenia and Bonjour. Its bakery segment has a presence in Malaysia, Singapore, Philippines and Australia. It is a market leader in Malaysia, Philippines and Singapore. Specifically, its main competitor in Singapore is owned by...

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How to reduce your wedding expenses

Readers on Heartlandboy would have noticed that articles dried up immensely during the month of April and May. That was because marriage preparation kicked into full swing and the task was made harder with Heartland Boy being based in Jakarta. Well, despite being geographically challenged, the Heartland Couple also struggled with their wedding budget. In particular, Heartland Boy was very surprised at how expensive it can be to hold a wedding ceremony. It also didn’t help that every awesome suggestion Heartland Girl had only seemed to add to the wedding expenses! Having finally concluded the wedding ceremony, and with...

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Singapore-Style Annual General Meeting (AGM)

Annual General Meetings (AGM) season is finally over. To some people, the main objective in attending an AGM is the buffet spread that usually happens after the meeting. Some shareholders see this as another form of dividend that they are entitled to. Heartland Boy doesn’t like to participate in the mad dash and am quite glad that more companies have recently replaced the buffet with bento sets. This is to minimize the incidence of kiasuism rearing its ugly head. Interestingly, some companies such as Capital Mall Trust have replaced meals with Capita Mall vouchers. So maybe, it is indeed...

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Merger and Acquisition Event for Innovalues

Innovalues Reached Heartland Boy’s Target Price Innovalues has been on a tear ever since it announced on 7 April 2016 that it had appointed Rippledot Capital Advisors to “conduct a review of strategic options with a view of enhancing and unlocking shareholder value”. On 18 April, Innovalues exceeded Heartland Boy’s target price of $1.03 when he purchased it in late Dec 2015. (For readers who are interested, they can read Heartland Boy’s initiation report on Innovalues written this January here)   Diagram 1: Innovalues has surged 36% since Heartland Boy bought it on 29 Dec 2015 However, after the announcement...

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Initiation Report on Sarine Technologies

Business Model of Sarine Sarine is a technology-based company incorporated in 1988 and headquartered in Israel. It is a worldwide leader in the development and manufacturing of advanced evaluation, planning, cutting, polishing and grading systems for diamonds and gemstones production. Sarine used to be an investor’s darling but has since fallen from grace. It is an unloved stock these days with low liquidity. However, Heartland Boy thinks that there is potential for a turn-around soon. To rationalize Heartland Boy’s investment thesis, it is better to first understand the value chain of the diamond industry.   Diagram 1: Value chain...

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Initiation Report on Sunningdale Tech

Business Model of Sunningdale Sunningdale Tech Limited (‘Sunningdale’), headquartered in Singapore, is listed on the Singapore Stock Exchange. Sunningdale is a one-stop precision plastic engineering company that provides capabilities in the entire value chain starting from product and mould design to ultra-precision high cavitation tooling and injection moulding to finish processes such as laser etching and ultrasonic welding and finally, the precision assembly of complete products. It has a global presence in Singapore, China, Europe and America. Its business can be segmented into the following: (i) automotive, (ii) consumer IT (iii) Healthcare and (iv)Tooling. Since the automotive and consumer...

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Reduce Income Tax: CPF Retirement Topping-Up Scheme

It is the tax season again whereby every dutiful Singapore contributes to nation building. Heartland Boy would like to introduce the CPF Retirement Topping-Up Scheme and the importance of it when filing for your income tax. Heartland Boy is confident that that almost every young working adult can take advantage of the CPF Retirement Topping-Up Scheme to immediately reduce his or her income tax expense. How the CPF Retirement Topping-Up Scheme works The CPF Retirement Topping-Up Scheme allows CPF members to build up their retirement nest by topping up your own or your loved ones’ accounts. The added beauty...

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Initiation Report on Croesus Retail Trust

Business Model of Croesus Retail Trust Croesus Retail Trust is a business trust listed on the SGX in 2013. Croesus Retail Trust manages and operates a portfolio of 8 suburban malls and collects rents from the tenants of the malls. These rents, after netting operating expenses, are then paid out to unitholders. Therefore, it behaves exactly like a REIT and should be considered a high dividend stock in one’s portfolio. It should be noted that a business trust is similar to a REIT but differs in several ways: A business trust is not limited to only income-producing real estate...

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Heartland Boy Shops for a HDB BTO

It was not too long ago that Heartland Boy participated in a HDB BTO (Housing Development Board Build to Order) exercise. For the foreign readers who are in unfamiliar territory, this is a public housing system in Singapore that allocates new HDB flats to aspiring home owners. For first-timers, this can be a pretty harrowing and confusing experience. This is especially so when everyone claims to be an “expert” when it comes to property. Over-zealous parents, well-meaning relatives and friends who have gone through this baptism of fire would chip in with their golden nuggets of advice on how to...

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Poh Kim Jewellery Offers the Best Value for Engagement Ring

Given that Valentine’s Day is around the corner, Heartland Boy is acutely aware that many guys will be proposing to their special ones on this romantic occasion. The key ingredient in a proposal is inevitably the engagement ring itself. Having been on this path before, Heartland Boy understands how frustrating the process of getting the engagement ring can be. For instance, some common worries are: Would she like the design of the engagement ring? Would she complain that the diamond is too small? Am I being cheated of my money? Would she accept my proposal? (Heartland Boy honestly thinks...

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Initiation Report on Innovalues Limited

Business Model of Innovalues Innovalues, headquartered in Singapore, is founded in 1997 and listed in 2001 on the Singapore Stock Exchange. It is a precision component supplier in 2 different business segments; (i) automotive   and (ii) office automation. It has factories in Malaysia, China and Thailand. Since its automotive unit generated 80% of FY2014 revenue, this initiation report will concentrate largely on this sector. Innovalues produces components for end-products such as sensors that are mainly used for vehicular safety systems, with an emphasis on energy-saving and environmental-protection functions.  For instance, Innovalues produces the cylindrical metal housing of engine oil...

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