Author: My Sweet Retirement

Tai Sin Electric Second Quarter Financial Results

The share price of Tai Sin Electric fell to S$0.40 after the company released a set of poor results. Despite increasing copper prices, it is heartening to know the company posted a revenue increase in the Cable & Wire business segment although gross profit margin was lower. This segment makes up the largest percentage of the company revenue. Overall, the company cash and cash equivalent decreased to $19.74 million compared to $22.08 million at the end of the last period. This is a 10.6% decrease in cash flow. In summary, the company suffers from higher administrative expenses such as...

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My Sweet Retirement Wishes You A Happy and Prosperous Chinese New Year!

Dear readers and fellow bloggers, My Sweet Retirement wishes you and your family a Happy and Prosperous New Year! Let the 财神爷 God of Fortune bless your stock portfolio in the dog year of 2018! Here are some articles I hope you will enjoy during this festive season! January 2018 My Personal Analysis of Silverlake Axis Free Ten Dollars Ang Bao For Car Owners Mapletree Commercial Trust DPU Increases For 3Q FY17/18 My Sweet Retirement Builds A Cryptocurrency Mining Rig February 2018 Join The Burrow To Learn Secret Financial Tips and Tricks My Personal Analysis of Singtel Seventy Four Percent Invested, Twenty Six Percent...

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Seventy Four Percent Invested, Twenty Six Percent Cash

My cash holdings versus total amount invested fell from 28% in December 2017 to 26% in current month February 2018. I attributed the decrease in cash as I invested S$3K into the Ethereum mining rig that I have self build last month ( My Sweet Retirement Builds A Cryptocurrency Mining Rig ). In the month of January 2018, I contributed S$500 to my SRS account. This is inline with the goal that I have set for myself in the year 2018. I tell myself I have to be discipline and not top up my SRS only at the end of...

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My Personal Analysis of Singtel

Recently, the share price of Singtel has breached its 5 year low, falling as low as S$3.36 as of 12th February 2018. This is after they announced their Q3FY18 net profit fell 8.5% to S$890 million from S$973 million one year ago. Singtel attributed the decline due to lower profits from subsidiaries Airtel, Telkomsel and Globe and also due to lower contribution from NetLink Trust following the divestment of its majority stake in the company. I doubt the divestment of NetLink Trust will have much impact on Singtel’s FY18 profits as NetLink Trust only contributed S$73 million pre-tax profits...

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Join The Burrow To Learn Secret Financial Tips and Tricks

DBS Bank is getting secretive nowadays. Thanks to fellow financial bloggers, I get to know there is this secretive “hole” called “The Burrow” which is a closed Facebook group. According to the about page, as a member of The Burrow, you will be the first to know Special deals curated for The Burrow (and some exclusive only to this community!) Life hacks and tips to unlock the full potential of your DBS Multiplier account Articles and videos to help you make better financial decisions and reach your life goals Weekly bites to achieve master of your money Occasional contests...

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Mapletree Commercial Trust DPU Increases For 3Q FY17/18

If you have followed my blog, you will know that I increased my stake in Mapletree Commercial Trust to 12% of my stock portfolio last year. As Mapletree Commercial Trust has released their third quarter FY17/18 financial results recently, I am writing this post to do a quick check on overall performance. Overall, I am very pleased with their financial results especially that they have achieved a DPU growth of 0.9%. The manager reported higher revenue due to higher contribution from VivoCity and Mapletree Business City I (“MBC I”). Here are the 3QFY17/18 financial results compared with 3QFY16/17. 3QFY17/18...

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My Sweet Retirement Builds A Cryptocurrency Mining Rig

I have always been interested in cryptocurrency mining and has been researching on the internet since last year December on how to do that. Ready made mining rigs sold online are expensive (estimate 5K and above) which deter me from buying one. The other challenge was that I have never build a computer before and thus I did not know where to start from. Recently, with the help of a friend who guided me, I built my own mining rig. The first step was to write down the shopping list on the things I need to build my own...

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Free Ten Dollars Ang Bao For Car Owners

Recently, I was searching for cheap car insurance and came across this website called Budget Direct Insurance. For a limited time only (Chinese New Year 2018 Promotion), they are giving you ten dollars (S$10) for registering your vehicle details with them. You do not have to purchase anything. I have registered and the next day, I received an email from them that I will receive my cheque in May. This is not a sponsored post nor is there any referral links. So check out their website (https://www.budgetdirect.com.sg/). I also noticed a second promotion they are offering. If your current...

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My Personal Analysis of Silverlake Axis

This is my first personal analysis for the year 2018. Silverlake Axis has always been on my watchlist. It is a complex company for me to analyse and with my limited knowledge, I decide to do my best in analyzing this company and hope to make the right decision on whether to dive into this stock. Business Overview Silverlake Axis is a Fintech company that was founded in 1989 with track records of core banking implementations. Silverlake Axis was listed on Singapore’s Stock Exchange (SGX) SESDAQ in 2003 and moved up to SGX Mainboard in 2011. The company call...

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My Sweet Retirement Annual Review of 2017

We have two more days before we say goodbye to the year 2017 and welcome the year 2018. As usual, this is the time where I reflect on the goals that I have set last year and also plan what I hope to achieve next year. One thing I am glad is that My Sweet Retirement blog is gaining popularity and has survived more than 2 years. Gaining popularity is not really the objective of this blog. I started My Sweet Retirement to ensure that I have doing my due diligence in stock investing (My Personal Analysis on Stocks)...

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Why I Switched to DBS Multiplier Account

OCBC 360 account used to be the best savings account in town giving you a maximum yield of 3.25% per year until they decided to revise their criteria on the interest rates. You can read more about it here OCBC 360 Account Makes Earning Additional Interest More and So Complicated. Other banks such as UOB has came up their own version of step up interest accounts using the similar concept and the idea is no longer fresh and new. The clause “1% per year Earn this extra bonus on the first S$70,000 if your account balance is S$200,000 and above.” is...

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Seventy Two Percent Invested, Twenty Eight Percent Cash

Cash on hand increased to twenty eight percentage this month as I received my December salary and Annual Wage Supplement.  The AWS is also called the “13th month payment”. If you didn’t know, according to Ministry of Manpower website, Annual Wage Supplement is not compulsary Your employer can negotiate a lower amount of Annual Wage Supplement if business results are exceptionally poor for the year. Cash is like an option over every asset class, with no expiration date and no strike price. Cash provides the option to sweep up a bargain when it becomes available and this must have...

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My Bitcoin and Ethereum Speculation

Previously, I blogged about how to open a Coinbase account to purchase Cryptocurrency such as Bitcoin, Ethereum or Litecoin which has been the hottest topic in town recently. Around 1 week ago, I did my first Bitcoin purchase of S$200. For first time buyers, there is a Buy limit of S$200 imposed by Coinbase. After you done your first purchase, the buy limit will start from zero and increase day by day until it reaches back to S$200. On Monday, I bought another S$200 of Ethereum. My current total speculation is S$400 with gains of S$49.91. That is a...

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My Total Dividends Collected For 2017

Time flies and we are in the last month of the year 2017. I am not expecting anymore companies in my stock portfolio announcing dividend payout. This year, the total dividends I have collected is S$7,350.31. This was a 27.5% decrease in dividend collected as compared to the year 2016 where I reap a total of S$10,132.04 in dividends. The reason for the decline was a lack of special dividends payout in some stocks I held and also declining distribution per unit (“DPU”) for the REITs I am holding. From the declining DPU of some REITs, the lesson I learnt...

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Summary of November 2017 Transactions

This month, there is some major changes to my stock portfolio. If you have noticed, I have fully divested Soilbuild Business Space REIT (Goodbye SoilBuild Business Space REIT). With the cash from the divestment, I have increased my stake in CapitaMall Trust and Mapletree Commercial Trust (Why I Bought Into Mapletree Commercial Trust). A few readers wrote in to ask why I bought the above two REITs which are considered selling at a premium right now? Basically, I am satisfied with the current yield the two REITs are paying. By increasing my units of holding, I am expecting to...

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