Author: New Academy of Finance

Cheapest way to invest through RSP. Show me how.

Table of Contents Robo or DIY? We have previously written articles pertaining to robo-advisors available here in Singapore as well as the ALL-IN costs of choosing robo-advisors vs. a DIY approach. While the preliminary conclusion points in favour of a DIY approach when it comes to minimizing cost, I am not dismissing the usefulness of robo-advisors as a possible investment platform.   The usage of robo-advisors is probably one of the most convenient way to invest in a myriad of investment assets, with the benefit of periodic portfolio re-balancing to ensure optimal asset allocation at all times. Portfolio allocation...

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WEEKLY ROUNDUP – ACADEMY’S FINEST VOL 5

The Weekly Roundup – Academy’s Finest is a collection of my favorite blog posts, podcasts and other useful contents that I have enjoyed over the past week. I will be releasing this series of posts with a short summary of the content for easy summary. My goals is to share quality content (or what i think are […] The post WEEKLY ROUNDUP – ACADEMY’S FINEST VOL 5 appeared first on New Academy of...

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Riverstone 3Q19 preview: Potential to surprise?

Riverstone is one of the leading manufacturers of cleanroom and healthcare gloves in Malaysia. The company is expected to announce its 3Q19 results sometime around 1 November. After many quarters of rather lackluster results, we believe this quarter has the potential to surprise positively, particularly on the back of a low comparison base last year. Table of Contents Consistent revenue growth Source: Company The company has been very consistent in growing its revenue, as evident from the chart above gleaned from its presentation pack. This is due to a consistent growth in its capacity, coupled with generally resilient demand...

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Sheng Siong 3Q19. 4 key areas to look out.

Sheng Siong is expected to report its 3Q19 results around 30 October. The company, with its defensive business model, has generally been well-liked by the market, with the exception of Maybank, which currently rates the counter a sell. Despite current market volatility induced by US-China trade tension, Sheng Siong’s domestic grocery business has been relatively unaffected. The company’s 1H19 performance had been credible, with net profit of SGD37.8m, 6.8% higher than 1H18 and generally within the street’s expectations. For 2019, the market is expecting Sheng Siong to generate net profit of between c.SGD75m to c.SGD77m, representing approximately 6-9% YoY...

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Valuemax: a recession proof business but we see 1 MAJOR risk

Table of Contents Show me the money! These are the star-making four words made popular by the 1996 film Jerry Maguire that still resonates within us after more than 2 decades. Let’s admit it. These are the words that we have always want to spew it to our bosses. ” You want me to work Overtime, SHOW ME THE MONEY!”, ” You want to stay on, SHOW ME THE MONEY!” But alas, it takes some real iron-clad balls to do just that, something I have always wanted to grow (pardon my punt).  Let’s welcome the sharks! (Not the ones...

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4 Recession-Proof US Stocks in my Watchlist

Recession-proof stocks offer products or services that we simply cannot go without, or that are much more attractive when money is tight, like in a recession. There are however varied opinions as to whether a recession is imminent. The man who predicted the dot-com crash of 2000 and the housing crisis of 2007, Nobel-Prize winning economist Robert Shiller believes that the odds of a 2020 recession are less than 50%. Jeffrey Gundlach, the outspoken CEO and founder of DoubleLine Capital LP which has assets under management of USD$140bn, believes that there is a 75% chance of a recession before...

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WEEKLY ROUNDUP – ACADEMY’S FINEST VOL 4

The Weekly Roundup – Academy’s Finest is a collection of my favorite blog posts, podcasts and other useful contents that I have enjoyed over the past week. I will be releasing this series of posts with a short summary of the content for easy summary. My goals is to share quality content (or what i think are amazing stuff) in an easy to digest format for my readers. In the meantime, I will also like to pay tribute to these wonderful content creators all around the world, not just here in Singapore. Please share any great blog posts or podcast episodes...

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DIY or Robo? The 1.6% opportunity cost dilemma

Table of Contents Quick Intro: I recently attended an event by one of the robo advisors here in Singapore, Endowus, jointly organised by Dollar and Sense (DNS). DNS Co-founder, Mr Timothy Ho hosted an informal session where Endowus management team, lead by Co-CEO/CFO, Mr Sun You Ning shared with us some insights on what it means to invest with a robo-advisor. (I will be looking to do another write-up specifically on Endowus in a separate article in due time). I have previously written an in-depth article on robo-advisors that are available here in Singapore, where Endowus is one of...

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How to play the partial offer for Keppel?

Table of Contents Quick summary In a move that caught the market by surprise, Temasek announced that it will make a partial offer to acquire an additional 30.55% of Shares in Keppel. If successful, the partial offer will result in Temasek owning an aggregate 51% of Keppel. Given that the Offer Price of S$7.35 is a hefty 26% premium over the last traded price, we believe it is likely that the offer will go through if the pre-conditions are being met. Keppel will remain as a listed entity, albeit at a lower free-float. Keppel will likely see its price...

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Venture Corp declined by 4% despite solid Philip Morris 3Q19 results. Here’s why.

Table of Contents Quick summary: Philip Morris (PM) delivered better-than-expected 3Q19 results although its share fell after the company provided muted 4Q guidance, largely due to timing issues affecting 4Q outlook. Source: Philip Morris The company’s heated-tobacco products (IQOS) were a highlight in the quarter, with management confident that the company is well on its way to hitting its unit-shipment volume target of 90 to 100 bn by 2021. This is due to ongoing strength in key IQOS market such as Russia, Japan and Europe. Management also highlighted that IQOS’s launch in the US (being spearheaded by Altria) is...

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WEEKLY ROUNDUP – ACADEMY’S FINEST VOL 3 [UPDATE: Keppel’s 3Q19 results]

The Weekly Roundup – Academy’s Finest is a collection of my favorite blog posts, podcasts and other useful contents that I have enjoyed over the past week. I will be releasing this series of posts with a short summary of the content for easy summary. My goals is to share quality content (or what i think are amazing stuff) in an easy to digest format for my readers. In the meantime, I will also like to pay tribute to these wonderful content creators all around the world, not just here in Singapore. Please share any great blog posts or podcast episodes...

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Keppel is set to release its results tomorrow. What should you be expecting?

Table of Contents Quick Summary Keppel Corporation (Keppel), one of the largest conglomerates in Singapore, is expected to release its 3Q19 results tomorrow on 17th October 2019. Shares of Keppel (currently a shade below S$6) is hovering near its 52-weeks low of S$5.67. Should investors be looking to take a dip? Source: Google Finance Compared to Sembcorp Marine, Keppel’s price performance has outperformed on a YTD basis, increasing by c.3% since the start of the year vs. Sembcorp Marine’s c.22% decline. However, the question begets if the company should still be viewed as an Offshore & Marine (O&M) company...

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How you can maximize tax benefits through strategic SRS contribution and withdrawal

While most Singaporeans would be familiar with the Central Provident Fund (CPF), most might still be unaware of the Supplementary Retirement Scheme (SRS). Check out the Ministry of Finance (MOF) comprehensive writeup on SRS Table of Contents What is SRS? This is a voluntary savings scheme that encourages one to save for retirement. As some would know, the main benefit of an SRS account is the tax relief that it accrues. For example, if you contribute an amount to your SRS account up to your SRS contribution cap by 31 Dec 2019, you will be able to enjoy tax...

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WEEKLY ROUNDUP – ACADEMY’S FINEST VOL 2

The Weekly Roundup – Academy’s Finest is a collection of my favorite blog posts, podcasts and other useful contents that I have enjoyed over the past week. I will be releasing this series of posts with a short summary of the content for easy summary. My goals is to share quality content (or what i think are amazing stuff) in an easy to digest format for my readers. In the meantime, I will also like to pay tribute to these wonderful content creators all around the world, not just here in Singapore. Please share any great blog posts or podcast episodes...

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Singapore Health Insurance cost 200-300% Lower than US. For Real?

Table of Contents Are you overpaying for health insurance? Lately, I have been doing a little reading up on health insurance in Singapore. The interest was ignited by online personal finance articles pertaining to health insurance cost in the US. From my analysis, the typical health insurance cost a 41-year old typical Singaporean would pay is approx. SGD1,700/annum while the average 41-year old American will pay USD4,740/annum. Read on for more details. US health insurance cost getting out of hand? According to Financial Samurai in his article: The Average Cost of Family Health Insurance is Now Outrageously High, he...

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