Author: New Academy of Finance

Sembcorp Marine 4Q19 losses exceeded expectations. What you should know

Capping a disastrous end to 2019 Sembcorp Marine announced its 4Q19 results before the market opens on 20 February. The company incurred 4Q19 losses of S$77.7m, bringing full-year 2019 losses to S$137m. We previously expected full-year 2019 losses to be in the region of S$100-110m. We believe the main reason why losses came in significantly […] The post Sembcorp Marine 4Q19 losses exceeded expectations. What you should know appeared first on New Academy of...

Read More

Singapore Budget 2020: Generous Budget, an uphill road ahead

GE 2015 vs 2020 The Government has come up with a generous budget consisting of rebates, bridging loans and cash payouts to help Singaporeans and businesses during these uncertain times. This Budget is also seen by many as a sweetener for the election-year budget, which is anticipated to be in 2020. We did a GE […] The post Singapore Budget 2020: Generous Budget, an uphill road ahead appeared first on New Academy of...

Read More

Bear market: We could be getting close

Coming to a potential inflection point At 126 months, the US is in its longest economic expansion in history, breaking the record of 120 months of economic growth from march 1991 to March 2001. This data, according to JP Morgan, dates back all the way to 1900. So YES, we are definitely in record territory. […] The post Bear market: We could be getting close appeared first on New Academy of...

Read More

Are you overpaying your REIT manager? Which S-REITs have the “highest” management fees?

The sustainability of a REIT dividend/distribution payments is a key consideration for most investors looking at generating a passive income source from the ownership of such assets. We highlighted the dividend growth profile of our S-REITs in an article last week, entitled: Which S-REITs have the best record of dividend growth. This article is sort […] The post Are you overpaying your REIT manager? Which S-REITs have the “highest” management fees? appeared first on New Academy of...

Read More

SATS 3QFY20: Not a pretty picture

SATS announced its 3QFY20 results on 13 February after the market closes. As expected, the results weren’t pretty. We highlighted in a short write-up of the company back in early December 2019 that the company will be negatively impacted by 3 near term headwinds: Margins pressure from consolidation Persistent cargo weakness Disruption in Hong Kong […] The post SATS 3QFY20: Not a pretty picture appeared first on New Academy of...

Read More

5 US recession-proof companies with 14 years of consecutive EPS growth

There are many US companies with an illustrious track record of growing their dividend payment every year. The bests of the bests are the Dividend Kings, companies that have grown their dividend payments by 50 consecutive years. There are currently 28 companies that meet this criterion and one can download the latest list, courtesy of […] The post 5 US recession-proof companies with 14 years of consecutive EPS growth appeared first on New Academy of...

Read More

Which are the best tax-efficient ETFs to invest in?

This article looks to identify the best tax-efficient ETFs to invest in for Global, US and Emerging Market exposure. For investors who have been engaging a DIY approach to construct your own ETF-based passive portfolio, you are probably well-aware of the tax implications when one is vested in US-domiciled ETF. For those who are unfamiliar, […] The post Which are the best tax-efficient ETFs to invest in? appeared first on New Academy of...

Read More

12 Tips To Select A Good Unit At A New Launch Project

When investing in new projects, it is easy to be wowed by the beautiful showrooms with themed interior designs and designer furniture. After all, there is never an ugly showflat when millions have been poured into them. When attending a project preview for the 1st time, it can be overwhelming to juggle the multiple assault on the senses with the hyped up crowd, elevated noise levels and adrenaline-filled showroom. With conditions like this, it is important to arm yourself with a checklist and ample space to think before narrowing down on a choice of unit. Despite the oft-used (But...

Read More

Which S-Reits have the best record of dividend growth?

I thought it will be useful to list the dividend-paying track records of S-REITs. Consistent dividend growth is one of the key criteria that I personally used in the evaluation of dividend-paying stocks or REITs. I wasn’t able to find any website that provides a summarized snapshot of the dividend track record of our S-REITs, […] The post Which S-Reits have the best record of dividend growth? appeared first on New Academy of...

Read More

Sembcorp Industries: profit warning a prelude to more pain in 2020?

Sembcorp Industries profit warning Sembcorp Industries (SCI) issued a rare profit warning after the market closes on 6 February. The company highlighted that it will be making a material impairment of S$245m in its upcoming 4Q19 results to be announced on 21 February. These impairments are associated with the company’s energy assets. Consequently, the company […] The post Sembcorp Industries: profit warning a prelude to more pain in 2020? appeared first on New Academy of...

Read More

Manulife US REIT: Potential for more upside?

A quick introduction Manulife US REIT has seen strong appreciation in its share price post the counter inclusion in the FTSE EPRA Nareit Index on 23 December 2019. Likely due to institutional funds “front-running” the inclusion (perfectly legal way), the counter appreciated c.10% from 1 October 2019 to the date of inclusion and continued rallying […] The post Manulife US REIT: Potential for more upside? appeared first on New Academy of...

Read More

A better alternative to Dollar Cost Averaging?

Dollar-cost vs. Lump-sum Dollar-cost averaging is the strategy of breaking down a large sum of money and periodically deploying these smaller chunks of funds into investable assets such as stocks/bonds etc. It forms the backbone of a regular savings plan, which is a consistent and disciplined way to invest. By automating a regular savings plan, […] The post A better alternative to Dollar Cost Averaging? appeared first on New Academy of...

Read More

Philip Morris: The 5.5% yielder that pays almost ZERO dividend withholding tax

Philip Morris: A SIN stock aiming to do good To some, Philip Morris is considered a “SIN” stock that they will not engage with a 10-foot pole. Well, this is a cigarette stock that aims to achieve a “smoke-free future”, according to the company’s CEO, Andre Calantzpoulos. You may be surprised to hear that from […] The post Philip Morris: The 5.5% yielder that pays almost ZERO dividend withholding tax appeared first on New Academy of...

Read More

January Portfolio and Net Worth Updates

NET WORTH UPDATES – Jan 2020 Net worth updates January 2020 – $1.234m (+0.1%) Hi all. Welcome to New Academy of Finance portfolio and net worth report! What a volatile month! January started off looking like another record-breaking month for the US market but ended in a sour mood as the Wuhan Coronavirus took center-stage, […] The post January Portfolio and Net Worth Updates appeared first on New Academy of...

Read More

Straco: Perfect storm hits. What to do next?

Straco had just been hit by the perfect storm that will almost certainly impact its upcoming 4Q19 results as well as 1Q20 results. Flyer suspension The bad news started streaming in back in late-Nov 2019 when a spokesperson for the Singapore Flyer said in a media statement on 26 Nov 2019 that the Singapore Flyer […] The post Straco: Perfect storm hits. What to do next? appeared first on New Academy of...

Read More

Recent Comments

Latest News from PR Newswire