Author: My Sweet Retirement

iSAVvy Time Deposit Offers 2.00% p.a.

After I wrote about the The Best Fixed Deposits of September 2019, one of my readers asked about the time deposit offered by Maybank as the interest rate offered is 2.00% per annum. I went to the website to find out more. For a 2.00% interest rate p.a. the tenure is actually 24 months. Furthermore, you need S$50,001. Here are the details for the iSAVvy Time deposit offered by Maybank: You need to have a Maybank Current or Savings account. The placement must be done via MayBank online banking. The minimum placement amount is S$50,001 and the maximum is S$1...

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My Personal Analysis of Haw Par Corporation Limited

In my past few months screening for dividend stocks using Stocks Café, Haw Par Corporation Limited has always appeared in the list, providing a dividend yield of 8.104%. I have always known Haw Par as a multinational company and I co-relate Haw Par with the iconic Tiger Balm brand. Is this a dividend yield stock or 8.104% dividend yield is too good to be true? I decided to do further research to check this out. Business Overview The best place to find out what the business for Haw Par Corporation Limited is about is to check out the company’s...

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The Best Fixed Deposits of September 2019

As this month’s issue of Singapore Saving Bonds disappoints us with an effective interest rate of 1.64% p.a. if you held it for a year, let us take a look at some fixed deposit promotions that offers a higher interest rate if you have spare cash to lock down for a year. I am not going to list every fixed deposit promotions from every bank but a few which I think the bank is reliable and there is ease of doing a fixed deposit placement with them. The winner this month is Standard Chartered Bank which I felt is...

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October 2019 Singapore Savings Bonds is 1.75%

The effective interest rate for October 2019 Singapore Savings Bonds (GX19100N) fell to a new low which is 1.75% if you held it for 10 years. The interest rate is the lowest and the worst for the past 12 months. The minimum amount you can purchase for Singapore Savings Bonds is S$500. If you decide to hold and sell it for 1 year, the effective interest rate is 1.64%. Currently, CIMB Fast Fixed Deposit offers a fixed deposit interest rate of 1.70% p.a. for 3 months period. CIMB Fast Fixed Deposit also offers an interest rate of 1.85% p.a....

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Summary of August 2019 Transactions

Today is the last day of the month of August 2019. As usual, I am stock taking my stock portfolio. When the stock market fell this month, I tried to find an opportunity to make a purchase but unfortunately, I didn’t find anything that was attractive. Frasers Commercial Trust continue to held steady at the price range of S$1.58 to S$1.64. Given the risk of Microsoft vacating its premises which I wrote about recently, this is pretty quite a risk to jump in at this price and moment even though its Distribution Per Unit (DPU) head steady at 2.40...

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Starhill Global REIT Downgraded To BBB

Three years ago, I wrote about Soilbuild Business Space REIT being given a Baa3 credit rating by Moody’s. (Read more: What is meant by Baa3?) Today, I receive an email notification that Starhill Global REIT has been downgraded from a credit rating of ‘BBB+’ to ‘BBB’ by Standard & Poors (S&P). This is an indication that something isn’t right even though it is not a recommendation to buy or sell. My wife currently held 9% of Starhill Global REIT in her stock portfolio. In FY2019, Distribution Per Unit (DPU) declined 1.5% from 4.55 cents in FY18 to 4.48 cents in...

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NTUC Capital Plus Versus Singapore Savings Bonds Versus SPH REIT

You probably would have read about the latest Endowment Plan offered by NTUC Income. The latest tranche NTUC Capital Plus (CSN2) offers you 2.3% guaranteed yield per annum. The endowment is a 3 year single premium endowment plan which you can purchase via cash or using your Supplementary Retirement Scheme (SRS) fund. There is a minimum premium of S$20,000. When the policy matures 3 years later, you get a guaranteed maturity benefit. This means that if you place S$20,000, at the end of 3 years, the maturity value will be S$21,412 inclusive of your principal amount and thus a...

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OUE Hospitality Trust 2Q2019 Financial Results Weaker Than Expected

The opening of Jewel this year failed to act as a catalyst for OUE Hospitality Trust.  I am expecting it to attract more tourists which can possibly give the hospitality segment a boost but it didn’t. OUE Hospitality Trust makes up 4% of my stock portfolio. OUE Hospitality Trust has announced their 2Q2019 financial results on 6th August 2019. Net Property Income (NPI) was lower by S$1.2 million mainly due to lower gross revenue from both the hospitality and retail segments. Distribution Per Unit was 1.06 cents, 9.4% lower y-o-y, mainly due to lower income and higher interest expense....

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My Sweet Retirement Mid Year Checkpoint 2019

I was too busy with work that I have neglected or forgotten the goals that I have set for myself in the year 2019 (Read more: My Sweet Retirement Goals for 2019). I should have done a mid year checkpoint back in June 2019. But well, let me review the goals that I have set for myself before August ends. #1 Achieve 11K of Passive Income One of the best features that I liked about Stocks Café is the report function whereby I can see the projected dividends based on the stocks that I held in my stock portfolio. The...

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Frasers Commercial Trust Maintain DPU of 2.40 Cents

I currently held 1% of Frasers Commercial Trust in my stock portfolio. I have always wanted to increase my stake in Frasers Commercial Trust and thus here I am monitoring its results closely. Frasers Commercial Trust announced their 3Q2019 financial results on 22nd July 2019. The distribution per unit (“DPU”) has remained largely unchanged over the past quarters, in fact I noticed they have been maintaining the same distribution over a year or more. That is actually good news for investors but a little growth might even be better. 3QFY19 Financial Results 3Q2019(S$’000) 3Q2018(S$’000) Change Gross Revenue 30,215 32,494...

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Kingsmen Creatives Maintain Interim Dividend of 1 Cents for 1H 2019

On 8th August 2019, Kingsmen Creatives Ltd has released their 1H2019 financial results. Even though Kingsmen Creatives have reported an increase of 17.7% in revenue to S$172.8m, net profit fell a whopping 39.9%. Earnings per share fell 40.5% to 0.88 cents. The increase in revenue was mainly due to the contribution from several key events and projects in 1H 2019. However, the profit was eroded by higher operating expenses and employee benefit expenses incurred due to higher cost resulting from increased headcount from the new experiential attractions business and increased average wage. If you have followed Kingsmen Creatives closely, you...

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Screening For Dividend Stocks In August 2019

How do you find stocks to buy on the stock market? One of the way is to use a stock screener. There are several websites that offer such a tool to screen for stocks using conditions that you can set such as dividend yield, P/E ratio, P/B ratio and Market Capitalization etc. Some website that offers such a tool are Singapore Exchange, FSMOne and StocksCafe. For myself, I prefer to run my dividend stocks screening using StocksCafe as it allows me to save the conditions that I can pre-set. You can check out my review here on the StocksCafe...

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Get Three Dollars Free From ShopBackGo

I hope you guys have enjoyed the ShopBackGo promotion that I have shared previously (Read more: Shop For Free at Guardian Using ShopBackGo ) If you have linked your credit card to your ShopBackGo account and bought an item S$10 or less from Guardian during the promotion period, you should have seen how easy it is to get the S$10 cashback in your ShopBack account. Here is another great promotion from ShopBackGo. Simple link your Citibank Visa Card to your ShopBack Go and receive S$3 cash back immediately! No purchase required! If you use ShopBackGo and dine at another 3...

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Singtel Q1FY20 Results Dragged Down By Airtel

Currently, Singtel makes up 9% of my wife’s stock portfolio. On 8th August 2019, Singtel has released their 1QFY20 financial results. Singtel has posted a net profit of S$541 million that was down a whopping 35%. This was due to Airtel’s losses. There was no surprises that an associate losses can have a lot of impact on Singtel as 48% of Singtel’s net profit comes from its Regional Associates which consists of Airtel, AIS, Telkomsel and Globe. If we put the negative news about Airtel aside, below are the positives from the rest of the associates: Telkomsel in Indonesia posted...

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Three Common Workplace Problems

I was promoted to a manager in the year 2017. Time flies and it has been 2 years that I have been in the role of being a manager. In simple terms, a manager is suppose to manage people. Recently, I came across a book that highlights the common workplace problems that burden managers. It hit the nail right on the spot and this is the problem I faced currently at my workplace without myself realising it! Here are the 3 major problems that I currently faced at my workplace: 1. Staff Being Overdependence Being competent at work, I...

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