Author: SG Wealth Builder

Supplementary Retirement Scheme (SRS) strategies

Email notification Supplementary Retirement Scheme (SRS) is part of Singapore government’s effort to address the retirement needs of Singaporeans and is meant to complement Central Provident Fund (CPF). Over the years, SRS had grown in popularity in Singapore as contributions surged from $0.16billion in 2001 to an explosive $8billion in 2017. During this period, the number of account holders also increased 10 fold, surging from 11,890 to 140,695. Given that so many people had jumped into the bandwagon, it is worthwhile to examine the merits of the supplementary retirement scheme. While both SRS and CPF are retirement schemes, they...

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ThaiBev share price in explosive form

Email notification In September 2018, I wrote that ThaiBev share price was trading at attractive levels and that represented a good opportunity for accumulation. Since then, ThaiBev share price went on a rampant bull run, surging from $0.60 to the current $0.85. The powerful run represented a whopping 42% increase for ThaiBev share price. Devastating crash of ThaiBev share price Given the giddy form of ThaiBev share price, should investors take profit and cash in or hold on with the expectation of further hike in ThaiBev share price? To answer this question, it really depends on your entry and...

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Hyflux saga is so bad its good

Email notification The unfolding Hyflux saga is like a cheesy Taiwanese drama series – so bad that its good. Why is that so, if you may ask? After all, 34,000 investors had lost their life savings investing in Hyflux preference shares and perpetual securities. In my opinion, there are plenty of important lessons to be learned out of this fiasco. And Hyflux investors had better learn from this episode or it would be like throwing good money after bad. Does Hyflux deserve a comeback like OSIM? SembCorp Industries should invest in Hyflux The holy water of Hyflux Perpetual Securities...

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Creative share price in sanity intervals

Email notification Is it another false dawn in the making or a case of the return of the prodigy? Earlier last year, Creative share price revived from a multi-year deep coma, surging from $1 to an explosive $9 within a week upon the release of its award-winning audio product – Super X-Fi. The resurgent Creative share price indicated a possible a comeback for Singapore legendary entrepreneur, Sim Wong Hoo. Can Creative Technology conquer the world again? Creative Technology staged “mission impossible” comeback Recently, my wife bought me a Super X-Fi headphone and I was totally blown away by the...

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SingPost share price set to roil big time again?

Email notification Since collapsing to a 10-year low in December 2018, SingPost share price managed to crawl its way back to the $1.00 mark. But it seems that the recovery of SingPost share price could be a false dawn in the making as the management dropped a big hint in its recent financial report that a massive impairment to the carrying value of the US businesses is on the way. For SingPost, impairments are assessed based on the full financial year results. The last time that SingPost recorded significant impairments was in FY2017 which saw SingPost suffered impairment charges...

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Jumbo share price went mumbo jumbo after Temasek Holdings’ sell-off

Email notification The wheels came off the wagon for Jumbo share price as Temasek Holdings, along with several other major shareholders, sold off their stakes in Jumbo Group between 2017 and 2018. The flurry of selling activities saw Jumbo share price collapsing from a high of $0.72 in early 2017 to the current $0.40. Will Jumbo share price ever see daylight? Listed in SGX Catalist only in 2015, Jumbo share price enjoyed a spell of bullish run between 2015 to 2017. For Jumbo share price, it seemed like the sky was the limit as the counter reached an euphoric...

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Lippo Malls Indonesia Retail Trust in dark chapter

Email notification Trouble come in troops for Lippo Malls Indonesia Retail Trust, which reported a set of terrible FY2018 financial results on 22 February 2019. Distribution per unit (DPU) for FY2018 dropped by a whopping 40.4% to 2.05 cents on the back of weakening Indonesian rupiah, new tax regulation and increased total operating expenses. It was certainly a revelation for Lippo Malls Indonesia Retail Trust investors for the past one year! For those investors who bought Lippo Malls Indonesia Retails Trust at IPO price of $0.80 in 2007 and hold it till now, they would be staring at massive...

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SPH share price in need of Tongkat Ali

Email notification SPH investors must be wondering what the hell is happening to SPH share price. For the last couple of years, SPH share price had an astonishing correction, falling from a mighty high of $4.00 in 2016 to the current $2.45 level. It appears to me that FY2018 had been a watershed year which saw SPH recording revenue that fell below the critical $1 billion. That killer blow sent SPH share price reeling to the rock bottom. Given that SPH share price is in a state of disarray, will the recent takeover of M1 turn the tide for...

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Singtel share price in turmoil

Email notification In 2013, Singtel was trumped by Telenor and Ooredoo in its telco licensing bid in Myanmar, one of the world’s last untapped mobile market. The doomed attempt illustrated the perennial challenge that Singtel faces in its overseas expansion against the backdrop of growing competition in the Southeast Asia region. Nevertheless, not many would agree with the management expansion plan as Singtel share price stuttered following Moody’s revision of Singtel outlook to “negative”. Although Moody’s lowered Singtel’s outlook, it affirmed Singtel senior unsecured ratings of A1. Moody’s has also affirmed the (P)A1 rating on the Euro Medium Term...

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Changi Airport REIT and Liew Mun Leong

Email notification With 590 awards under its belt, Changi Airport is obviously the pride of our nation. In this regard, recent market talks of a potential Changi Airport REIT certainly set the market on fire. It also comes at a time when Singapore government is pondering how to best fund the huge infrastructure spending in the coming years without straining our nation‘s budget. If the proposed listing really does materialize, Changi Airport REIT would not only raise much needed funds to pay for the construction costs of Terminal 5 and Changi East Development, but also increases liquidity for SGX,...

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Gallant Venture in misadventure with Temasek Holdings

Email notification The recent Hyflux saga must have brought much publicity for Indonesia conglomerate Salim Group, which had emerged as a surprising white knight for the embattled Hyflux. However, Salim Group already made waves in Singapore back in 2006 when it joined forces with SembCorp Industries to list Gallant Venture in Sesdaq (the predecessor of Catalist). The major restructuring brought 16 different companies together under the umbrella of Gallant Venture and saw Sembcorp Industries rationalising its industrial park and leisure investments on the Indonesian Riau Islands through Gallant Venture. Today, Gallant Venture is an investment holding company with five major...

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Golden Agri share price in false dawn?

Email notification Is it the light at end of tunnel or another false dawn in the making for Golden Agri share price? As a palm oil plantation owner based in Indonesia, Golden Agri share price destiny is closely intertwined with the crude palm oil (CPO) price, which has collapsed for the past few years. Recent resurgent in CPO led many investors to believe that recovery of Golden Agri share price is on the way. But is this really the case or is it a bobby trap awaiting investors? To put things into perspective, the only predictability of Golden Agri...

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Haw Par share price danced with UOB

Email notification From $3.00 in 2009 to $14 in 2018, Haw Par share price enjoyed one of the most incredible bull runs in Singapore Exchange as it surged more than four fold within the span of a decade. The berserk run of Haw Par share price certainly created much wealth for long-time investors but its bullish run seemed to hit the skid for the past one year. What has changed that caused the malaise form of Haw Par share price? Since my last coverage on this counter in 2017, Haw Par share price continued to amaze me with its...

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Demolition of UOB share price left investors scratching heads

Email notification UOB investors must be dumbfounded. Among the three local banks, DBS share price was the only counter to rise following the release of a stellar full-year 2018 financial result. On the other hand, OCBC share price self-destructed because of declining profit for Q4. But the case is rather bizarre for UOB because UOB share price actually tanked from $26 on 21 February to a low of $25 on 28 February after delivering increasing Q4 and full year 2018 profit. Perhaps the imperious form of DBS business performance had overshadowed UOB’s. Nevertheless, UOB investors should not be disappointed...

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OCBC share price torpedoed by Great Eastern

Email notification What a downer! In a month in which most investors expect local banks to announce rosy financial results, OCBC dropped the bombshell of a less-than-flattering Q4 performance. In a twist of event, OCBC share price got bombed out after delivering a lower Q4 net profit of 11% at $926 million. The surprise culprit for the disastrous performance was OCBC’s flagship subsidiary – Great Eastern Holdings, which announced a stunning 30% drop in net profit. Of course, one quarterly result does not define OCBC share price but OCBC management team was left absolutely red-faced as DBS and UOB...

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