Author: Heartland Boy

Lippo Mall Indonesia Retail Trust, Initiation Report

Business Model of Lippo Mall Indonesia Retail Trust (‘Lippo Mall Trust’) Lippo Mall Trust is a business trust listed on the SGX which manages a portfolio of 19 malls and 7 retail plaza across Indonesia.  It collects rent from the tenants and after netting operating expenses, the rents 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. The bulk of its portfolio is in Jakarta and hence this initiation report will have a focus on the Jakarta retail market. It can be considered defensive in...

Read More

CNMC Goldmine Holdings Limited: Initiation Report

Business Model of CNMC Goldmine Holdings Limited (‘CNMC’) CNMC is a relatively young gold mining company founded in 2006 and headquartered in Singapore. Its principal activities are exploration and mining of gold, as well as the processing of mined ore into gold dore bars. It was listed in the Catalist Board in 2011. Its flagship project is the Sokor Gold Field, a mining area of approximately 10km2 located in the State of Kelantan, Malaysia. CNMC owns 81% of Sokor Gold Field, with the minority owned by the Kelantan government and royal family. The business model of CNMC is relatively...

Read More

How to Choose An Insurance Agent

Most people do not actively seek out to choose an insurance agent. In fact, it is often true that they stumbled upon their insurance agents by chance. Either these insurance agents have made cold calls, knocked on their doors, stopped them at roadshows, or were simply friends just starting out in the insurance industry. For Heartland Boy, it is a nice gesture to support your friends but it can also get tricky when the lines are muddled. He believes that one should not simply leave it to chance and settle on any insurance agent (or financial advisor representative or...

Read More

SRS Account to Boost Retirement Planning

Supplementary Retirement Scheme (‘SRS’) Account Unlike the previous recommendations by Heartland Boy, namely, Transfer from Central Provident Fund (‘CPF’) Ordinary Account (‘OA’) to Special Account (‘SA’) and CPF Retirement Topping-Up Scheme this recommendation of utilizing the SRS Account  requires a little bit more effort. This is because this is a voluntary scheme and not a compulsory scheme such as the CPF. One has to first apply for a SRS Account with any of the 3 authorised local banks – DBS, UOB or OCBC. Nonetheless, Heartland Boy assures you that this little effort is worth your time as the SRS...

Read More

How to Choose Your HDB BTO Unit

You have followed Heartland Boy’s tips on which HDB BTO project and unit type to bid for. Now you have gotten your queue number and are monitoring with bated breath as the units available for sale get whittled down each day. Not to worry, Heartland Boy is going to leverage on his professional experience in the real estate industry to give you some tips on how to choose your HDB BTO unit. Ah, finally some credibility for once. Heartland Boy is going to use St George’s Tower, a HDB BTO project in Boon Keng, as a case study. This...

Read More

Heartland Boy’s Strategy for BREXIT

BREXIT. BREXIT. BREXIT. This seems to be the only buzzword dominating the news these days. And rightfully so, because BREXIT was described and predicted as the single and greatest financial risk that will happen to the financial markets in history. Well, the good thing about BREXIT is that there is actually a fixed date to ascertain its occurrence. Therefore, companies can act with certainty and draw up a strategy for BREXIT. For instance, many companies, especially banks, actually booked hotels and set up buffet lines so that their staff can pull all-nighters in the offices and monitor the EU...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

Like us on Facebook

Follow us on Twitter