Author: Something About Finance

Market Trends (Divergence)

MARKET TRENDS (9th July 18) Important Economic Announcements for the week: Tues: GBP GDP 4.30 pm Wed: BOC Interest Rate Decision 10 pm Thurs: ECB Monetary Policy Meeting Accounts 7.30 pm US CPI 8.30 pm Fri: US Michigan Consumer Sentiment 10 pm Short Thoughts With the Trade War firing their first cannon, the markets have been feeling the heat, especially in the Asian region. US markets, on the whole, have been pretty resilient. We will take a closer look from the charting angle in the trade book section. There has also been divergence seen in the markets whereby oil...

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Astrea IV PE Bond (By Phillip Research)

A research note by Phillip Research which could be useful to decide if it is worth applying. Astrea IV PE bond 1st retail Private Equity Bond: Highlights of the offering and commonly asked questionsJune 6, 2018 Temasek’s wholly-owned subsidiary, Azalea Asset Management, is launching a private equity (PE) bond with a tranche earmarked for retail investors. The secured Astrea IV PE bonds (Astrea IV) will be backed by cashflows from a $1.1bn investment portfolio in 36 Private Equity Funds. As this is the first such structure globally where retail investors are able to subscribe to PE bonds, we highlight...

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Market Trends (Itaxit and Hyflux)

MARKET TRENDS (3rd June 18) Important Economic Announcements for the week: Tues: RBA Interest Rate decision 12.30 pm Wed: AUD GDP 9.30 am Thurs: Eur GDP 5 pm Short Thoughts The market is generally now in a limbo state whereby the Italian situation has caused some knee-jerk reaction but markets seem to have got out of it. The market is worried the likely new government would be anti-euro and caused a potential Itaxit. Also, the debt situation in Italy is much worse than Greece whereby they have a debt of around 2.5 trillion versus 500 billion for Greece. Reuters...

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Flattening Yield Curve and Sell in May?

We are in May again and I managed to retrieve an extract of a write up that I have penned last year. For a start, I did an eyeball screen of the performance of STI from the end of April till June for the past 15 years with the starting point being 2002.   Here are my findings, out of 15 years: 10 years are down- 2002, 2004, 2006, 2008, 2010, 2011, 2012, 2013, 2015 and 2016. 2 years are up- 2003 and 2007 4 years are flat- 2005, 2009, 2014 and 2017. For May 2017, it was flat...

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Hanwell AGM Takeaways

Hanwell AGM Takeaways I have recently gone to the AGM for Hanwell as a shareholder which is in the business of consumable products (Royal Umbrella Rice, Beautex Tissue and etc) and they also have a 64% stake in Tat Seng Packaging that is listed in SGX. Here are my key takeaways from the AGM: 1) There was an expenditure of around 40 million dollars last year for the reconstruction of their warehouse to make it more modern and cost-efficient. A check with their Chief Operating Officer, it seems like there won’t be any further capital expenditure for this project...

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Market Trends (Trade War Texas Hold’Em)

MARKET TRENDS (16th April 18) Important Economic Announcements for the week: Mon: US Retail Sales 8.30 pm Tues: RBA Meeting Minutes 0930 am CNY GDP 10 am GBP Average Earnings 4.30 pm Wed: GBP CPI 4.30 pm Eur CPI 5 pm BOC Interest Rate Decision 10 pm Thurs: Aud Unemployment Rate 9.30 am Fri: CAD Retail Sales 8.30 pm Short Thoughts With the to and fro from US and China negotiations and threats on their trade tariffs, it certainly seems like a high stakes poker game. Any chances of an increase or decrease of the stakes would lead to...

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Market Trends (Trade War Looming?)

MARKET TRENDS (5th March 18) Important Economic Announcements for the week: Tues: RBA Interest Rate Decision 1130 am Wed: Eur GDP 6 pm BOC Interest Rate Decision 11 pm Thurs: ECB Interest Rate Decision 8.45 pm Fri: BOJ Interest Rate Decision 12 pm US Non-farm Payroll 9.30 pm Short Thoughts This will be an event packed week ahead with 4 central banks announcing their interest rate movements. Here We Go Again! Trump has announced the US intends to put up tariffs on steel and aluminium with the “US National Security”  highlighted as a concern. It could spark a trade war...

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Market Trends (Evaluating Past Crisis)

MARKET TRENDS (13th Feb 18) Important Economic Announcements for the week: Tues: GBP CPI 5.30 pm Wed: Euro GDP 6 pm US Retail Sales and CPI 9.30 pm Thurs: Aud Unemployment Rate 9.30 am The markets have been more volatile than I have expected as Dow is going through trading days in 1000 points range. Algo Trading has been highlighted as one of the culprits. Nonetheless, the big picture seems to me to be still one of a well-deserved correction and the underlying trend is still up. However, we should expect the volatility to persist through this consolidation stage....

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Market Trends (Elliott Wave Analysis on Dow)

MARKET TRENDS (5th Feb 18) Important Economic Announcements for the week: Tues: RBA Interest Rate Decision 11.30 am Wed: ECB Non-Monetary Policy Meeting 4 pm Thurs: RBNX Interest Rate Decision 5 am BOE Interest Rate Decision 8 pm The Markets incredible run finally did a breather and what a break as it closes almost 800 points down for the Dow Jones Index on Friday. The non-farm and durable goods numbers beat expectations which reinforce the rate hikes from Federal Reserve should be on track which is expected to be 3 interest rate rises for the year. The first rate...

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Bank Accounts Restructuring (DBS Multiplier, CIMB StarSaver and UOB One)

I have recently done a restructuring of my bank accounts to fully maximise the interest that I could garner for my passive funds. In all, I have set up 3 accounts for my passive funds which is DBS Multiplier, CIMB StarSaver and UOB One Account. It prompts me to write this post as I hope it provides useful information to help your passive or emergency funds work harder in terms of returns. DBS Multiplier Account For normal folks whom giro your salary to your DBS/POSB account and either you have some spending on your DBS credit cards or have...

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IPO Talk (No Signboard Holdings)

Published on 25/11/2017: www.smartinvestorinc.com Hot on the heels after the recent 2 successful IPOs (RES&S and Mindchamps), we have the listing of No Signboard Holdings next up for the coming week where they are going to be listed on November 30th (Thursday). RES&S (IPO price- 0.22) have done very well (Opening at around 0.36) as they were trading closer to Jumbo Holdings valuation on opening as compared to our peer comparison of Japan Food. However, they ended the trading week at 0.295 which is closer to our fair valuation of 0.28. As for Mindchamps, we were cautious due to their...

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IPO Talk (RES&S and Mindchamps)

Published on 20/11/2017: www.smartinvestorinc.com IPO Talk (RES&S Holdings and Mindchamps) Hong Kong is buzzing with activities in the IPO scene whereby out of the 4 IPOs, all were sizzling hot which have garnered returns of as much as 100 percent (Chinese Literature) on opening day. 3 were spinoffs from Tencent and with the fourth (Razor) having some Singaporean flavor. Over here in Singapore, we will have 2 IPOs that are going to be launched. So are we going to have the same fantastic returns reflected in Hong Kong? Let’s take a deeper look. The 2 IPOs that are coming to...

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Inflated Medical and Car Repair Claims for Insurance

There should be a relook into how claims should be handled to prevent inflated claims that are really mind-blowing. Here is an example of one of those incidents whereby it fit into the scenario of an inflated claim. Recently, we got into an accident and it was around the Newton Circus roundabout. It was during the peak hour of around 5 pm. Basically, the car just cut into our lane and thou we stopped, the car still drives on and thus causing scratches on his side door. Speed was maxed at 10-20km/hour given that we are in a roundabout...

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Chart for the Week (USD/SGD)

Published on 9/11/2017 by www.smartinvestorinc.com Source: IT-Finance as of 9/11/2017 The USD/SGD Pair could be testing their downtrend line established since the start of 2017. A breakout point will be around 1.365 and we will need a close from the daily chart to affirm a breakout. A potential target after the breakout will be the 1.376 level. At the moment it is consolidating between 1.36 to 1.365 region. A daily close below 1.358 level would derail this potential bullish setup. From the fundamental angle, US is likely to carry on their rate hike policy thou in a measured manner. Dec...

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Best CashBack Credit Cards (Bye Bye ANZ, Hello BOC and SMRT Citi)

With the recent take over of ANZ Singapore by DBS Bank, it means I have to restructure my credit cards portfolio. After thorough research and comparison, I decided to go with Bank of China Family Card and SMRT Citi Card for their cashback feature. Having cashback is always better than having to go through the process of redeeming for rewards and nothing beats cash on hand. I will use my BOC family card more for  entertainment expenses (You could use this for groceries too) and SMRT Citi Card for grocery shopping (Redmart, NTUC Online and etc). On a side...

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