Archive

Martin Lee

Research Reports on Singapore Listed Companies

February 2, 2012 by Martin Lee
The different brokerage firms will produce their own in-house research reports on selected SGX-listed companies. You can access the various research reports if you have a trading account with the respective brokerage firms. Another way is to visit The Society of Remisiers website, which holds the research reports of all the brokerage firms. However, it [...]
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Getting Medical Insurance Early

January 31, 2012 by Martin Lee
There was an article in The Sunday Times over the weekend which talked about the important of getting medical insurance early while you are still young and healthy. This is because if you wait until you have a medical condition before getting insurance, that condition will not be covered. Or even worse, your entire application [...]

in Categories: Insurance

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Suspension of Pertama

January 27, 2012 by Martin Lee
Pertama is no more. Ok, I’m exaggerating it a little. Back in June 2011, Pertama had proposed a delisting of the shares (at $0.65 a share) as it saw no need to maintain a listing status. The cash flow of the business was good, and it had no plans for any capital raising. The free [...]
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Winning a Live Trading Competition

January 26, 2012 by Martin Lee
I attended a short session on trading conducted by Ray Barros last week. There was supposed to be some live trading demonstration involved but I only knew we were the ones who were supposed to do it when I arrived. But the bonus for us was that the person who managed to make the most [...]

in Categories: Active Trading

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Community Health Assist Scheme

January 20, 2012 by Martin Lee
The Community Health Assist Scheme (CHAS), which was previously known as the Primary Care Partnership Scheme (PCPS), has been enhanced to benefit more people from January 2012 this year. Patients who qualify to be on the CHAS will be able to receive subsidised outpatient medical treatments for acute and chronic conditions as well as basic [...]
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SGX My Gateway

January 17, 2012 by Martin Lee
SGX has recently launched an online portal called My Gateway providing investment education for investors. My Gateway provides market updates, recorded webcasts, calculation tools and information about the various products on SGX. You can view historical charts of traded securities on SGX and there is also information about upcoming events and courses. For now, stand [...]

in Categories: Investing

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Closure of ipac Singapore

January 13, 2012 by Martin Lee
Financial planning firm ipac has announced the closure of their Singapore and Hong Kong business. It puts an end to an unique advice-centric business model where advisers are paid a salary rather than commissions. Apparently, this model has not worked well for ipac, who made a loss of $4.5 million in 2010 and a cumulative [...]

in Categories: Business

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CMA Bonds Result 2012

January 12, 2012 by Martin Lee
As at the close of the Public Offer at 2.00 p.m. on 9 January 2012, valid applications in respect of approximately S$465 million in aggregate principal amount of CMA bonds, at the issue price of 100 per cent. under the Public Offer, were received. As the total valid applications in respect of the Placement and [...]
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Closure of NTUC Growth Plan

January 11, 2012 by Martin Lee
The Growth Plan from NTUC is one of the more popular single premium endowment plans in the market for a duration of five years or more. While the returns are nowhere near what you can get from an equity investment, it does give a conservative and steady returns of 2-4%+ p.a. The interest rates in [...]

in Categories: Insurance

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Fraudulent Credit Card Transactions

January 8, 2012 by Martin Lee
After the recent DBS ATM fraud incident, one of my readers wrote in to share his experiences with credit card fraud. Before I share that with you, here is an interesting piece of news about a highly sophisticated banking fraud. New PC virus steals your money and then creates fake online bank statements Apparently, there [...]
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Fraudulent Withdrawals from DBS Accounts

January 6, 2012 by Martin Lee
More than $200,000 were illegally withdrawn from some DBS customers this year from ATMs located in Malaysia. Apparently, someone has managed to clone the ATM card details (including the passwords) and made the withdrawals from Malaysia using the cloned cards. Currently, there are about 200 customers affected with an average withdrawal of $1000 per account. [...]
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Budget 2012 Quiz

January 5, 2012 by Martin Lee
MOF has launched a Budget Quiz 2012 to promote greater awareness and understanding of the annual budget process. The quiz comprises a weekly series of 10 multiple-choice questions covering the budget process as well as economic, taxation and social policies. Those who are able to answer all the questions correctly will qualify for a weekly [...]

in Categories: Investing

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CapitaMalls Asia Bonds 2012

January 4, 2012 by Martin Lee
CapitaMalls Asia, through its wholly-owned subsidiary CapitaMalls Asia Treasury, will be raising $200 million through a bond issue. Half of the CMA bond issue will be for public application while the other half will be for private placement. The CapitaMalls Asia bonds will have a term of ten years from their date of issue and [...]
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Cap of CPF Wrap Fee for Fund Investments

January 3, 2012 by Martin Lee
Since 2006, the CPF Board has been undertaking measures to progressively lower the cost of investment and improve the quality of funds under the CPF Investment Scheme (CPFIS). From 1 July 2012, the CPF Board will subject the wrap fee charged for CPF Investment Scheme (CPFIS) investments to a maximum limit of 1% per annum. [...]

in Categories: Investing

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End of 2011

December 30, 2011 by Martin Lee
In a couple of days, we will be entering the new year 2012. I would like to take the opportunity here to give everyone here my best wishes for the coming year. I haven’t been writing much for the past couple of weeks, partly because of the holiday season, and partly because I was trying [...]

in Categories: Site Update

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Top 10 Common Myths of Singapore Healthcare

December 27, 2011 by Martin Lee
As part of MOH’s efforts to help the public understand our health care system, they have published a brochure called the 10 top common myths of Singapore Health Care”. The brochure is available in four languages. I would just like to add a few of my personal opinion to the myths which should be read [...]

in Categories: Insurance

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PPF Clause in Insurance Forms

December 21, 2011 by Martin Lee
Many insurers have started to include the Policy Owners Protection Scheme (PPF) clause into the product summary and contract wording of their insurance policies. Policy Owners’ Protection Scheme This Policy is protected under the Policy Owners’ Protection Scheme, and is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for Your Policy is automatic and [...]

in Categories: Insurance

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Increase in Medisave Required Amount 2012

December 20, 2011 by Martin Lee
The CPF board announced yesterday that the Medisave Required Amount (MRA) will be raised from the current $27,500 to $32,000 from 1 January 2012 onwards. This is a 16% increase. Since 1 January 2004, CPF members who turn 55 and are able to meet the CPF Minimum Sum are required to set aside the MRA [...]
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