IPO: China Sunsine Chemical Holdings Ltd

By: Derek Lim Price: S$0.39 Placement: 115,000,000 Public: 5,000,000 Date of Offer: 25 June 2007 Closing: 3 July 2007 Commence Trading: 5 July 2007 Underwriter: CIMB-GK China Sunsine Chemical Holdings, based in Shandong Province, China, is one of the largest rubber accelerators manufacturers in the world and in China. It is principally engaged in the production of rubber chemicals, … [Read more...]

Companies with Section 44 Tax Credits

By: Derek Lim I'm compiling a list of companies that still has Section 44 Tax Credits. Please share if you know of any. 1) Hong Leong Finance 2) Teckwah 3) Comfort Delgro Updated: June 14 2007 4) GrandBanks 5) Penguin Updated: June 28 2007 6) ossia 7) nippercraft 8) UOB 9) Sing Inv The listed companies above is just a guide. Please do your own research before investing. … [Read more...]

Why are we not doing Financial Planing?

By: Derek Lim Admit it, we all know the importance of having a sound financial plan but many of us are always putting it for. Below are my top 5 reasons why a typical Singaporean do not want to do Financial Planing. 1) The Government - Many of us grew up with the mind set that the Government will take care of our every needs. We have our CPF for our retirement and our Medisave for health. … [Read more...]

Merrill Lynch Buy Call On Ascott Residence Trust (ART), CDL Hospitality Trusts and CapitaCommercial Trust (CCT)

By: Derek Lim Though I agree with their report that Singapore's hotel room and occupancy rates will increase substantially in the future due to the upcoming F1 and IR, but their report fail to take into consideration new hotels that will be coming up. Genting and the Marina IR are building new hotels and existing hotels are also being upgraded to increase their occupancy rate. While I'm … [Read more...]

Why No Personal Dental Insurance?

I have recently voice my displeasure in sgfunds.com on the lack of dental insurance in Singapore. I asked why dental insurance is not offered to individuals and the replies I received were that dental is not as important as critical illness, disability or accident and the premiums will be too high. This article published in Today best emphasis why I deem Dental Insurance as important. Help the … [Read more...]

IPO: CosmoSteel Holdings Limited

By: Derek Lim Pipe components maker to launch IPO at 26cents a share HOME-GROWN CosmoSteel Holdings, which makes piping components for the oil industry among others, has launched its initial public offering (IPO) of 45 million shares at 26 cents apiece ahead of a planned Singapore Exchange listing. The company said yesterday that the IPO comprises 36.2 million new shares and 8.8 million … [Read more...]

IPO: China XLX Fertiliser Ltd.

By: Derek Lim One of my investor friend did a write up on the upcoming IPO in his blog. We share the same bullish sentiments but while I rate my probability of allotment as fairly high, he rated it as low. I will re-access this probability when the balloting results are out. "Since its production capacity for urea and methanol have more than doubled since 1 January 2007, I believe my … [Read more...]

Hong Leong Finance

By: Derek Lim From UOBKH "Acquiring a portfolio of hire-purchase agreements HLF has reached an agreement to acquire a portfolio of 10,300 hire purchase agreements from the Singapore branch of a foreign bank at a consideration of S$405m, subject to closing adjustments at the completion date. The acquisition is expected to be completed on 12 Jul 07, and be funded by a combination of … [Read more...]

IPO: China XLX Fertiliser Ltd.

By: Derek Lim DJ China XLX Fertiliser Launches S$202M Singapore Public Offer SINGAPORE (Dow Jones)--Urea and methanol producer China XLX Fertiliser Ltd. Tuesday launched a S$202 million Singapore initial public offering of 262.9 million shares priced at S$0.77 each. The offer includes 200 million new shares and 62.9 million vendor shares held by third parties, according to a prospectus … [Read more...]

Citibank Step-Up Interest Account and Standard Chartered e$aver

By: Derek Lim My colleague is looking for a savings account where he can put his money in temporary as he prepare for his wedding day. Coincidently, I receive 2 mails today, one from on Citibank Step-Up Interest Account and another on Standard Chartered e$aver.Both accounts are very similar - they will offer a higher interest rate if your account balance increases per month. Citibank call it … [Read more...]

Parkway Holdings Establishes Parkway Life REIT

By: Derek Lim I can't wait to get my hands on this. A great investment to diversify my portfolio further. I will have to re-channel some of my funds for this - will most probably sell my under performing stocks.Parkway to sponsor the establishment of Asia’s largest healthcare REITProposed sale and leaseback of three landmark properties with Parkway Life REITSINGAPORE, 25 May 2007Parkway … [Read more...]

About Me

I'm an investor in Singapore in my late 20s. I believe in planning for one's own financial future. In this blog, I will keep a record on the latest in the financial world and I hope that the knowledge gain here will benefit everyone. Contact Me … [Read more...]