Author: Something About Finance

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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Rowsley (Remisier King Midas Touch)

The Remisier King is waving his Midas touch yet again. His earlier moves have so far been disappointing. The solar story was full of promise with supposedly guaranteed profits seems to be now just a castle in the sky situation. Next was the Iskander grand plan which seems to have wind down given the huge oversupply situation. Currently, Rowsley operations are mainly in the hospitality business in UK, their architect business through RSP and their real estate development in Vantage Bay Healthcare City. With the recent deal of injecting Thomson Medical and TMC Life Sciences, could it be the...

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US Market- On a Roll?

With the US indices (Dow and S&P) scaling all time highs, the Trump presidency has led to a surprisingly positive outcome for the equity markets. In a recent seminar, I was going through the US market outlook and i summed it up through the following points: 1) Valuation 2) Quantitative Easing Ended 3) Trumpnomics 4) Debt Levels 5) Monetary Policies 6) Global Economic Conditions 7) Technical Charts  Valuation Firstly, valuation of the S&P index is at the higher end of their recent range (2006 to 2016) and their PE is around 22 at the moment. We are actually not far off...

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Sabana Reit (On A Skyfall)

Looking at the price action of Sabana Reit, I was quite astonished by the steep fall whereby their peak was around $1.20 in 2013 and is currently trading at $0.35. It have been on a steady decline since 2013. Part of the recent fall is due to a rights issue of 42 for 100 at $0.258 which will be used to finance the purchase of 3 new industrial properties. Background: Sabana Reit was listed in 2010 at an IPO price of 1.05. It plunged on opening and was trading as low as $0.75 before recovering where income generation assets...

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Is Deutsche Bank Heading towards the Footsteps of Lehman?

With the recent Deutsche Bank upheaval which could be a reminiscent of the Lehman crisis. Have decided to read up more and here are some of my findings. Let’s look at some statistics first. Price- 13.5 USD DB market Cap- 18.5 billion USD Potential Fine from DOJ- 14 billion (Fine for their part in selling toxic mortgage backed securities during Lehman’s time) Derivatives Exposure: 42 trillion Price to Book: 0.25 Latest Year End Loss: 6.8 billion Euros Debt to Equity: 2.8 The current worries of the market are mainly due to the fine and also huge derivatives exposure as it...

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Dollar and Cents of Buying a Piano

Just a couple of months back, we got an upright piano for my daughter who is enjoying her piano lessons. Therefore, we would like to share our experience in shopping around for the best value that we could find in the Singapore Piano Market. For a start, there are many brands available such as Yamaha, Kawai, Hailun, Steinberg & Song and etc. Our main criteria are that it must have good resale value and would be able to last till Grade 8. We do not want to have the hassle of changing to a new piano and at the...

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Langkawi Trip (June School Holidays)

It was the school holidays (A dated post as the trip was a year back) and we decided to bring our whole family for a trip to Langkawi. We have been to Bali, Phuket and Bintan frequently and have also been to Krabi and Hua Hin once. So we decided to give Langkawi a shot this time round. It is a regional beach destination that is not on our conquered list yet. We hope it will be a perfect destination for our family trip after a few misses due to either too expensive air ticket prices or it was simply just...

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Dollar and Cents of Renovating a House (Choosing of House Furnishing and Accessories)

It had been a hectic time as I have just moved to my new residence. I have moved four times so far in my life and moving is really tiring and stressful while managing all the logistics. Hopefully this will be my final home where I can retire in, provided it does not get en-bloc. As promised in my previous blog post, I will be sharing my experience of the renovation process and the purchasing of the different accessories and home furnishing. Sad to say, the renovation id that we got did not perform as expected. We have moved in...

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Dollar and Cents of Renovating a House (Choosing Interior Designers and Contractors)

It has been a long while since my last post as I was away to France for a free and easy tour with my family which I will try to do a posting on it. Also, I am currently doing my renovation for my new apartment. I hope to share my experience for the renovation process so others could perhaps benefit from it and be able do a better budgeting with cost savings in mind. Before the renovation and short-listing of interior designers and contractors for our home, I have been religiously buying the Home and Decor magazines and...

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Parenthood Rebate for Self Employed

This has been a scheme that have been around for a few years but I did not really knew about it till I was browsing through the CPF website a few years back. This basically allows you to claim up to 3 days of parenthood child care leave from the government. We are granted 6 parenthood child care leave per annum but the government is only going to pay for 3 days. The awareness of this scheme is basically more applicable for those self employed. For those employed, your HR department will handle the claim. The limit you can...

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Beware of Leveraged and Representative Exchange Traded Funds

With the evolution of the ETFs  market, they now covered numerous products and varieties. You are able to go long or short and you are able to take a leverage position of up to 3X. There is even a Bitcoin ETF in the making. Most of the interesting ETFs are listed in the US markets whereby some are seriously just not suitable for the normal retail investors due to their structure. The advantages of the ETFs have been widely preached with empirical studies showing most fund managers are not able to out-beat the market. So a passive approach with lower management...

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