Author: The Boy who Procrastinates

Revision of Terms and Conditions for Citi MaxiGain Account

Citibank has officially announced that there will be revision made to the Citi MaxiGain Account from 2 Jan 2019, finally putting the rumour on upcoming changes to rest. Launched in Feb 2016, this will be the first time that Citibank will be revising the terms for this passive savings account. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms & Conditions and FAQ for more information.  Summary of the Current Interest Rate Mechanism for Citi MaxiGain AccountBefore...

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Analysis of Far East Hospitality Trust

October was a rough ride for global stock markets as they were slammed by a wave of fears about trade wars and higher interest rate. Amidst the chaos, there is always buying opportunities in a sell-off.  I have initiated a small position in Far East Hospitality Trust at $0.595 in Oct. At this entry price, it is trading at 31.27% discount to its NAV/unit of $0.8657. Based on the 2017 DPU of 3.90 cents, this translates to a distribution yield of 6.55%.   Profile of Far East Hospitality TrustListed on SGX since Aug 2012, Far East Hospitality Trust (“FEHT”) is...

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Analysis of CapitaRetail China Trust

Source: CapitaLand10.10 sales has arrived a day late for me when STI has reached a low of 3047. Amidst the market downturn, I have managed to initiate a small position in CapitaRetail China Trust (“CRCT”) at $0.135 in Oct. At this entry price, it is trading at 12.9% discount to its adjusted NAV/unit of $1.55. This translates to a distribution yield of 7.08% based on the annualised 3Q 2018 DPU of 2.41 cents.  Profile of CapitaRetail China TrustListed on SGX since 2006, CapitaRetail China Trust is a REIT that invests in retail malls in China. Its portfolio consists of...

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The Other Side of T2023-S$ Temasek Bond

By The Boy Who Procrastinates – October 26, 2018 The application for the T2023-S$ Temasek Bond has closed on 23 Oct. With aggressive marketing for the past two weeks, information on the 5-year bond can be easily accessible on the Temasek website. The public offer has seen a subscription rate of over 8 times whereas the tranche for institutional investors was 7.19 times subscribed. Despite the euphoria around the Temasek’s first retail bond, it has received lukewarm reception from The Boy who Procrastinates. Aside from the fixed interest rate of 2.7% per year and its Aaa/AAA credit rating by Moody’s and S&P, I will...

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Revision of Interest Rates for OCBC 360 Account

By The Boy Who Procrastinates – October 12, 2018 With the enhanced version first launched in April 2014, OCBC will be revising the interest rates on OCBC 360 Account for the third time with effect from 1 November 2018. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the OCBC website for more information.  Overview of the past revision for OCBC 360 Account Many would probably have remembered the initial version of OCBC 360 Account that allows one to earn the classic...

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Portfolio Review for Sept 2018

By The Boy Who Procrastinates – September 29, 2018 The third quarter of 2018 has been a struggle as the global market is plagued with escalating tit-for-tat trade dispute between the two economic powerhouses, United States and China. And just this week, the US Federal Reserve has raised the interest rates by 25 basis points, bringing it to 2.25%. In the local context, Dairy Farm International has replaced Starhub as STI constituent with effect from 24 Sept. The STI Index has tested its new low in the third quarter of the year. Since its closing at 3277.43 in the beginning of...

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Compilation of Hacks to meet the minimum credit card spending

By The Boy Who Procrastinates – September 26, 2018 Do you sometimes find yourself coming up short of hitting the minimum monthly spending requirement for your credit card? If so, you might have been missing out on earning the credit card rebate and/or interest from your savings account. Following from the previous discussion on Active Savings Accounts, the interest received from fulfilling the credit card spending criterion can be rather rewarding. For example, charging $500 of qualifying retail transactions to the Bonus$aver card, along with $100,000 balance in your Standard Chartered Bonus$aver account would earn an interest of approximately $65 in...

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Thinking, Fast and Slow – Anchoring Effect

By The Boy Who Procrastinates – August 31, 2018 Last year, I have read Thinking, Fast and Slow by Daniel Kahneman, a renowned psychologist and winner of the Nobel Memorial Prize in Economics. The book sheds light on the working systems of the human mind and how it can be susceptible to cognitive biases, fallacies and illusions.  The title was first introduced to me during my Managerial Economics lecture when the Professor fervently recommended it to the class and provided only positive review. As it distills a lifetime of research that Kahneman has conducted in collaboration with the late Amos Tversky, some...

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Exploring the Viability of Flipping IPO

By The Boy Who Procrastinates – August 08, 2018 Among the various short-term trading strategies, there is one prevalent and yet controversial method that can be traced back to the origin of a stock being listed on the exchange. With new common stock issues closing as high as 200% on the first day of trading, it is of little surprise that many have turned to the flipping of IPO for quick and easy profit. Closer to home, a familiar and respectable figure in Singapore, Mr. IPO has devised the strategy of punting the IPO market and put forward a...

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Revision of Interest Rates for UOB One Account

By The Boy Who Procrastinates – July 22, 2018 First launched in April 2015, UOB will be revising the interest rates on the UOB One Account for the first time, in less than 2 weeks with effect from 1 August 2018. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the t&c for more information. Revision of Interest Rates for UOB One Account *Interest Rate is inclusive of the base interest rate of 0.05% The most striking change...

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Recent Action on Starhill Global REIT

By The Boy Who Procrastinates – July 09, 2018 As briefly mentioned in the post on my portfolio review in June, I have recently accumulated my position in Starhill Global REIT (“SGR”) at $0.64 in June, bringing down my average price to $0.684. This translates to a distribution yield of 6.46% based on the annualised 3Q FY17/18 DPU of 4.42 cents. At the recent closing price of $0.655, this price level is probably last seen back in 2012 and it could have been driven down by a myriad of internal and external factors. 3Q FY17/18 Financial Results Based on the 3Q FY17/18...

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Portfolio Review for June 2018

By The Boy Who Procrastinates – June 30, 2018 What is one to say about June? It is definitely an eventful first half of 2018. Just in the month of June alone, we have witnessed several signicant events such as the kicking off of the World Cup, the historical Trump-Kim summit in Singapore, the raising of short-term interest rate by the Federal Reserve to 2%, as well as the recent escalation of global trade tensions by US, with tariff threats against China, Canada and Mexico and the European Union. Back to the local market, The STI appeared to be...

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Analysis of Netlink NBN Trust

By The Boy Who Procrastinates – June 27, 2018 Source: Netlink Trust Image Library I have recently initiated a small position in Netlink NBN Trust (“Netlink”) at an average price of $0.769 in June. At this buying price, it is trading at approximately 5.6% discount to its adjusted NAV/unit of $0.8146. Not a significant margin to its NAV I must say but there are other areas of consideration to justify my purchase price. Profile of Netlink NBN Trust The Netlink NBN Trust is a business trust that owns 100% of the units in Netlink Trust (“Netlink”), which builds, manages...

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Best Passive Savings Accounts for 2018

By The Boy Who Procrastinates – June 01, 2018 This is a continuation from the previous post on Active Savings Accounts, which are mainly targeted at salaried employees. For the self-employed/freelancers who do not draw salary through GIRO with transaction reference codes of SAL/PAY, or the frugal bunch who struggle with spending $500 on your credit card a month, fret not! There is a series of savings accounts that do not require you to complete the burdensome hurdles of salary crediting or credit card spending. In such scenarios, it will definitely be worthwhile to look into passive savings accounts instead. UOB Stash...

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Best Active Savings Accounts for 2018

This year, I was approached to provide an insight on the best savings account to achieve the highest interest rate. Before proceeding further, I have broken down the definition of savings account into the following categories:  Active Savings Accounts: Savings accounts that require accountholders to complete certain prerequisites such as crediting of salary or credit card spending in order to receive higher interest.Passive Savings Accounts: Savings accounts that does not require accountholders to complete certain prerequisites to receive interest. Generally have lower interest compared to active savings accounts. With the proliferation of savings accounts offered by various financial institutions, It’s no wonder that we...

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