SIA share price (SGX: C6L) faces ambush from another cash call?

SIA share price C6L

LIFETIME MEMBERSHIP Will SIA share price (SGX: C6L) do a Sembcorp Marine? The latter recently concluded a second billion dollars rights issue that took place less than a year, causing the share price to bomb out to less than $0.10. On 16 September 2021, SIA updated “that the remaining S$0.6 billion of the gross proceeds of S$8.8 billion raised from the 2020 Rights Issue has been applied towards aircraft and aircraft-related payments between 1 July 2021 and 1 September 2021”. Against this backdrop, investors must be wondering if another cash call is on the way.

In one year, SIA burnt through $9.3 billion of cash (including $500 million which had been used for the redemption of SIA’s 10-year Fixed Rate Notes on 9 July 2020). While there is more than sufficient cash for the airline to sustain till the end of this financial year, what will be the situation for the next financial year, which will begin in March 2022? Will there be another round of rights issue that rupture the form of SIA share price (SGX: C6L)?

SIA share price C6L

SIA share price rises from ashes

SIA share price in explosive destiny

SIA share price smashed into rock

The hallmark of Singapore …

DBS Group Holdings share price (SGX:D05) in $10 billion IPO?

DBS Group Holdings share price D05

LIFETIME MEMBERSHIP It could be an event that will move Heaven and Earth, at least for DBS Group Holdings share price (SGX:D05). In a bombshell revelation, DBS CEO Piyush Gupta mentioned in the transcript of DBS second quarter 2021 conference call that the bank is looking at unlocking one of its assets, Remit, through IPO for an eye-popping $10 billion. If the plan does materialize, it will be one of the largest IPOs to grace the Singapore stock market in recent years.

In 2019, I wrote that DBS Group Holdings share price (SGX: D05) will hit $50. Though that day has not arrived, I do think that it is only a matter of time that DBS Group Holdings share price (SGX: D05) reaches this incredible milestone. On 10 August 2021, DBS Group Holdings share price (SGX: D05) hit a record $31.70 after Monetary Authority of Singapore (MAS) lifted the dividend restrictions on local banks. On the basis of its current run, it is not impossible for the counter to hit $40 by year-end if the bank continues to deliver good financial results and lists its digital assets.

DBS Group Holdings share price D05

Question now is when will CEO Piyush Gupta set fire on DBS …

Sembcorp Marine share price (SGX: S51) thrown under the bus

Sembcorp Marine share price S51

LIFETIME MEMBERSHIP For Sembcorp Marine share price (SGX: S51), is it a case of light at end of tunnel or light from an on-coming train? Given the devastating meltdown of Sembcorp Marine share price (SGX: S51), investors can ill-afford to ignore this rhetoric. The $1.5 billion announced on 24 June 2021 had erased more than 50% from Sembcorp Marine share price, causing the counter to plunge from $0.17 to $0.08. Question now: is there any value left in Sembcorp Marine share price? Make no mistake, sometimes cheap does not mean value.

Sembcorp Marine share price S51

Investors who had subscribed to the 2020 and 2021 rights issues should be betting on the recovery of Sembcorp Marine share price (SGX: S51). While that day may eventually come, it could be a long wait. To put things into perspective, the oil and gas industry suffered a severe downturn since 2015 due to the collapse of oil prices and emergence of US’ shale oil. The pandemic arrived to cause a protracted downturn for Sembcorp Marine. In addition, the long-term demand for crude oil is likely to drop as countries commit to the United Nations Framework Convention on Climate Change (UNFCCC) pact signed in 2015.

Looking at the financial …

OCBC share price recovers from Dr Mahathir effect

OCBC share price

LIFETIME MEMBERSHIP It seems that OCBC share price has a strange affinity with Dr Mahathir. When Mahathir became the Prime Minister of Malaysia for the second time in May 2018, it promised to be a political fairy-tale that will be remembered for generations to come. But surely no one in his right mind could have predicted the kind of impact it would have on OCBC share price, which tumbled from a high of $13.65 in May 2018 to a low of $10.40 in October 2018.

OCBC share price

Even more bizarrely, when Dr Mahathir announced his resignation on 24 February 2020, OCBC share price crashed from $11.00 in February 2020 to a low of $8.35 in March 2020. For unknown reasons, it appears to me that Dr Mahathir has that TVB drama “Ting Hai” stock market effect, at least for OCBC share price. Although I am not exactly sure about the correlation between OCBC share price and the venerable leader, one thing for sure is that Dr Mahathir’s B40 policy has a massive impact on OCBC’s Great Eastern Holdings.

When Dr Mahathir returned to power in 2018, one of his many initiatives was the B40 Health Protection Fund, which was meant …

Keppel DC REIT (SGX: AJBU) share price in mystery slump?

Keppel DC REIT AJBU

LIFETIME MEMBERSHIP Keppel DC REIT (SGX: AJBU)’s ascend to the Straits Times Index (STI) has been the stuff of legend in SGX mainboard. Debuted in SGX only in 2014, the data centre REIT knocked the former CapitaLand Mall Trust off the pedestal in October 2020. That spectacular feat sent Keppel DC REIT (SGX: AJBU) share price flying to a record high of $3.04. Since then, the stellar form appears to lose plenty of steam in recent months. What on earth has happened?

Keppel DC REIT AJBU

A Lifetime Member has written in to request for an explanation of the recent downtrend of Keppel DC REIT (SGX: AJBU) share price. If you are keen on coverage of other stocks, do sign up as member! For the longest time, I have been contemplating to invest in an S-REIT with special focus in data centres. Hence, I have been monitoring Keppel DC REIT and Mapletree Industrial Trust (MIT). Both counters are majority-owned by Temasek Holdings and listed in the Straits Times Index (STI). Between the two players, Keppel DC REIT stands out for being a “pure-play” data centre REIT but the acquisition of M1 started to complicate things.

Year-to-date, Keppel DC REIT (SGX: AJBU) share price has …

Wilmar share price plunged 25%

Wilmar share price

LIFETIME MEMBERSHIP In my last article on Wilmar share price (20 June), I wrote that this counter could face huge turmoil in the short-term. Indeed, Wilmar share price continued to meltdown since 20 June, falling from $4.55 to the current $4.16. At current trading level, Wilmar share price is 25% off the 5-year high of $5.57 seen in February. Should investors run for their lives?

Wilmar share price

A Lifetime Member has written in to request for an explanation of the downtrend Wilmar share price. If you are keen on coverage of other stocks, do sign up as member! In 2020, I invested in Wilmar and exited at a profit of $2,700 in early 2021. My lowest entry for Wilmar share price was $4.84 and I exited at $5.20. While I did not exit at the highest point of $5.60, I have no regrets selling my Wilmar stocks. In life, you can never sell at the highest price. I am happy as long as I made decent profits. Although I am not vested in this counter any more, I am still bullish about Wilmar share price in the long-run because of the business strategies undertaken by the management.

The current train-wreck for …

OCBC Share Price (SGX: O39) in Ring of Fire

OCBC share price

LIFETIME MEMBERSHIP What an ambush! It seems to me that the big boys had staged a sneaky ambush on OCBC share price (SGX: O39). From a high of $12.46 on 10 August, OCBC share price collapsed by 7.3% to reach a low of $11.55 on 27 August. The spectacular fall of OCBC share price within the span of two weeks certainly caught many investors by surprise. To make matters worse, the correction of OCBC share price was the worst among the three banks (DBS shares fell by 5.0% while UOB shares fell by 4.7%).

Looking back, the lifting of dividend restrictions by the Monetary Authority of Singapore (MAS) had provided plenty of fireworks for all three bank stocks, including OCBC share price. Subsequently, the OCBC’ stellar 1HFY2021 financial result pushed OCBC share price to a high of $12.46. Then again, Man proposes, God disposes. Despite the tailwinds, the big boys decided to pull the rug on OCBC share price.

OCBC share price

For four consecutive weeks, OCBC has been in the top ten institutional net sell list. In the week of 26 July, big boys net sell $30.5 million worth of OCBC shares. In the week of 2 August, $52.8 million worth …

Your company is a tool for building wealth: Learn how to achieve financial success

Building wealth and achieving financial freedom is a good way to increase the quality of your life. Money can’t buy happiness, but that doesn’t necessarily mean that materialism has a negative effect on overall well-being. Just think about it. When you have money, you derive satisfaction from other areas of your life, such as family life, health, social life, and so on. If you don’t lose sight of the things that matter, you can live a better life.

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Image source: https://www.pexels.com/ro-ro/fotografie/aur-auriu-avere-bani-128867/

As a business owner, you could accumulate wealth or ramp up risk. You’re in the business to make a profit, so you should be enjoying the benefits of owning a successful company. How do you build a fortune? If you really want to know, keep on reading. In what follows, we’ll explore the best ways to achieve financial success and achieve your business objectives.

Don’t view your company as your job

Starting a company, especially a start-up, requires hard work and determination. The pay is low unless you’re one of the lucky ones who meet with success. To attain financial independence, you must think and act strategically. One of the biggest mistakes you can make …

Singtel share price seeing daylight?

Singtel share price

LIFETIME MEMBERSHIP For Singtel share price, it should be light at end of tunnel instead of light from an on-coming train. Of course, long-term investors could be forgiven for thinking otherwise. After all, Singtel share price has endured so many false dawns in recent years that investors must be wondering when will Singtel share price ever become great again.

For sure, Singtel share price has lost that aura of invincibility. Perhaps the billion dollars penalty imposed by Indian Supreme Court for its subsidiary, Airtel, had knocked the wind out of Singtel share price. Or maybe the cut in dividends had demolished investors’ confidence in Singtel share price. Whatever the case it may be, the counter is a shadow of its former self.

Singtel share price

Singtel share is extremely popular among Singapore investors as many retirees depend on the dividends for passive income. So you can imagine the shockwaves for Singtel share price when the telco announced an interim dividend of just 5.1 cents in November 2020. That dividend was the lowest in a decade and sent Singtel share price to the rock bottom. To be exact, all hell broke loose when Singtel share price crashed to record low of $2.00 on 2

Nanofilm (SGX: MZH) share price in crisis

Nanofilm share price

LIFETIME MEMBERSHIP What a devastating plunge! On 16 August, Nanofilm share (SGX: MZH) crashed 30% following the double bad news concerning the resignation of Chief Operating Officer (COO) and a set of financial result that fell short of analysts’ expectations. The swift meltdown of Nanofilm share price certainly raised many eyebrows as this counter just smashed $6.50 on 26 July. How will Nanofilm share price unravel in the coming weeks?

Back in March 2021, I have written an article that stated Nanofilm share price is worth $4 only. Even though Nanofilm share price has reached my target price, I will not enter this counter at the moment because I do not invest in a company that just got listed within five years. In my opinion, the current turmoil of Nanofilm share price is largely due to the recent departures of former CEO Lee Liang Huang and COO Ricky Tan. So until the day that Nanofilm addresses this issue, it is too early to claim that Nanofilm share price will see bottom soon.

Nanofilm share price

It is certainly not business as usual when two senior managers departed from a company within a short span of time. Dr Shi Xu, the founder and …

DBS Group Holdings share price in China war

DBS Group Holdings share price

LIFETIME MEMBERSHIP It seems that DBS Group Holdings share price may have peaked. During the report of 1QFY2021 financial result, DBS Group reported first quarter net profit doubled from the previous quarter. That feat set DBS Group Holdings share price on fire. However, recent 2QFY2021 financial revealed 15% decline of net profit on quarter-to-quarter basis. In this regard, is this the end of an era for DBS Group Holdings share price?

Make no mistake. The local bank is not facing any crisis. In fact, DBS Group is still raking in healthy level of profit. Year-to-date, DBS Group Holdings share price had also increased by a whopping 21.35%. Notwithstanding these, it should be noted that the powerful surge of DBS Group Holdings share price was built upon the bank’s recovery from the low “base effect” seen in the first half of FY2020 – the onset of the pandemic.

DBS Group Holdings share price

As we enter the second half of FY2021, that “base effect” will gradually reduce. Moving forward, investors will be examining how the bank fares in comparison to pre-pandemic. Against this backdrop, whether DBS Group Holdings share price could sustain its bullish run in the coming months will be a big question mark.…

OCBC share price mumbo jumbo with “Golden Triangle”!

OCBC share price

LIFETIME MEMBERSHIP It’s official! On 28 July, Monetary Authority of Singapore (MAS) lifted the dividend cap on Singapore banks. The lifting of dividend cap set OCBC share price on fire. From 28 July, OCBC share price surged from $12.07 to a high of $12.46 on 10 August. On the basis of the current run, can OCBC share price hit $15 by end of the year? While OCBC share price has taken some knocks following ex-dividend on 13 August, the catalysts could drive OCBC share price to new heights in the coming months.

OCBC share price

OCBC share price nearly hit $14 in 2018. That was the year in which the bank recorded full-year net profit of $4.5 billion. Fast forward to FY2021, the first half net profit had already hit a high of $2.75 billion, surpassing the $2.3 billion profit in 2018. Assuming OCBC recorded $5.2 billion earning for full-year, the annualized EPS could be $1.15. Applying multiple of 13, my target OCBC share price is about $15.

Apart from the lifting of dividend cap by MAS, another tailwind that will aid OCBC share price is the shares buybacks by the bank. Traditionally, OCBC is considered the most aggressive when it comes to …

AEM share price rockets with Temasek Holdings!

AEM share price

National Day Special Offer! On 6 August 2021, AEM share price staged a return of the prodigy. The night before, the management had released a set of dismal 1HFY2021 financial result that saw revenue plunging by 30% and net profit collapsing by 46% on year-on-year basis. To be frank, I could not sleep well that night and was expecting AEM share price to plummet the following day. I was actually boiling inside, not at the poor result because I was expecting the financial result to be disappointing. To be exact, I was angry at the management for the lack of traction in securing of new major customers. But non-executive Chairman Loke Wai San, being Loke Wai San, managed to outfox everyone once again.

AEM share price

When companies announce financial results in the middle of the night, it can only mean that the result is disappointing. Indeed, this has been the case for AEM. Then again, drawing from the experience of the 1QFY2021 result saga, Loke Wai San probably knew that he could not afford to let AEM share price collapses again. Nonetheless, surely nobody could have predicted the bombshell revelation of the entry of Temasek Holdings. Honestly, I must really hand it …

Keppel Corp share price firing on all cylinders!

Keppel Corp share price

National Day Special Offer! On 2 August 2021, Keppel Corp stunned Singapore investment community with the announcement of the $2.2 billion strategic acquisition of Singapore Press Holdings ex-Media. Whilst the media segment had been carved out, the destiny of the remaining assets of SPH remained a mystery until the fateful announcement. Will the latest turn of event throw a spanner in the works for the recovery of Keppel Corp share price?

Keppel Corp share price turned on the style following report of a net profit amounting to $300 million for half year ended 30 June 2021. Notwithstanding the strong results, what truly turbocharged Keppel Corp share price was the surprising bonanza cash dividend of 12.0 cents, which is significantly higher than 2020’s interim dividend of 3.0 cents and also higher than the interim dividend of 8.0 cents declared in 2019.

Keppel Corp share price

With the proposed acquisition of SPH ex-Media, it is evident that Keppel Corp management is very determined to execute one of its much-touted Vision 2030 – recycling of assets to generate cash. The biggest components of Vision 2030 are to become asset-lite and pivot in renewable energy sector. To do so, Keppel Corp needs a mega asset monetization programme. The …

China stock market bloodbath

China stock market

National Day Special Offer! Many investors thought it is light at the end of tunnel for China stock market. But as it turned out, the light was actually from an on-coming train instead. The recent crackdown by Chinese authorities on education and technology companies had wiped off about US$1 trillion off Chinese shares in the past week. The speed and magnitude of the China stock market correction had caught most investors flat footed. Is it really the end of the road for China stock market?

China stock market

Back in November 2020, the Chinese authorities had torpedoed Alibaba’s Ant Group IPO. Since then, Alibaba’s share price had never really recovered from that devastating blow, falling from the high of US$307 to the present US$189. So for those who think that the current correction in China stock market represented a good opportunity for bargain hunting, it is better to think twice. The fate of Alibaba share price means that investing in China stock market is going to be very, very challenging.

China stock market sees red

Following the Ant IPO saga, the important messaging from China is [This is a premium article. The rest of the content is blocked and can be accessible by

ESR REIT share price rallied with GIC

ESR REIT share price

National Day Special Offer! Since May 2021, ESR REIT share price staged a rebound following acquisition of a 10% stake in ESR Australia Logistics Partnership (“EALP”), which is 80% owned by Singapore sovereign wealth fund, GIC. For a long time, I have been following developments of industrial S-REITs that are majority-owned by Temasek Holdings, such as Ascendas REIT and Mapletree Industrial REIT. The recent bullish form of ESR REIT share price led to an SG Wealth Builder member requesting for a coverage on this counter.

Singapore has two sovereign wealth funds – Temasek Holdings and GIC. While Temasek Holdings has stolen the limelight through its various investments in finance, industrial, technology and commodity firms, GIC tends to form partnerships with private equity firms to invest in overseas real estate assets. The recent aggressive moves by GIC to acquire industrial assets with ESR could have a major bearing on ESR REIT share price in the years to come.

ESR REIT share price

Before touching on the outlook of ESR REIT share price, let’s cover some background on this industrial S-REIT. The sponsor of this S-REIT is ESR, which was formed in 2016 through the merger of Japan’s Redwood Group and Chinese e-Shang, co-founded by private …

Mapletree Logistics Trust share price (SGX: M44U) in wonderland

Mapletree Logistics Trust share price

National Day Special Offer! What an impressive run for Mapletree Logistics Trust share price! From $1.78 in March 2021, Mapletree Logistics Trust share price turned on the style to reach $2.10 lately. This represented an increase of 18% within four months. The breath-taking form of Mapletree Logistics Trust share price certainly caught many investors by surprise as this S-REIT is behaving more like a growth stock instead of a dividend stock.

Admittedly, I did not manage to catch Mapletree Logistics Trust share price when it bottomed in March. Instead, I bought 40,000 shares at an average price of $1.965. Given the recent bullish run of Mapletree Logistics Trust share price, I decided to cash out this counter at $2.12 per share. Excluding the distributions, I had made a tiny profit of $6,200. The profit represented 15.5% within the span of three months.

Mapletree Logistics Trust share price

The decision to exit this counter is mainly because Mapletree Logistics Trust share price had hit my exit target price. I am not exactly a buy-and-hold type of investor. Usually, I set entry and exit prices for my investments. Fundamentally, there is nothing wrong with Mapletree Logistics Trust as the business outlook remains strong and the management …

Sembcorp Marine share price plunging to $0.05?

Sembcorp Marine share price

LIFETIME MEMBERSHIP Sembcorp Marine share price became the talk of the town. And for all the wrong reasons. The $1.5 billion rights issue had led to a devastating meltdown in Sembcorp Marine share price, which plunged from $0.19 to the current low of $0.11. The correction amounted to about 42% across the span of nearly a month. Given the horrendous train-wreck of Sembcorp Marine share price, shareholders have every right to be angry with the management.

From a blue chip among the prestigious Straits Times Index (STI) in 2016 to a cheap penny stock in 2021, Sembcorp Marine share price has become one of the biggest falling stars in SGX. How this counter managed to land in such a dismay state is beyond my understanding. But I reckon what riled shareholders the most is that the previous rights issue of $2.1 billion took place just in September 2020. And now, within a span of less than a year, Sembcorp Marine has come back to ask for more money from shareholders.

Sembcorp Marine share priceAdmittedly, I have a special interest in Sembcorp Marine share price because I made a successful contra in this counter in April 2021. Through the volatility of Sembcorp Marine share …

AEM share price recovering from bloodbath

Sembcorp Marine share price S51

LIFETIME MEMBERSHIP  In the blink of an eye, it had been two months since the capitulation of AEM share. From $4.18 on 29 April to a low of $3.40 on 11 May, AEM share price plunged by a whopping 18.7%. The crash of AEM share price followed the release of Q1FY2021 financial result which saw revenue collapsed 45.4% year-on-year. Since that fateful collapse, AEM share price returned to form lately, hitting $4.18 on 15 July.

The return of AEM share price came at a time when the Group is about to announce the 1HFY2021 financial result. Investors must be holding their breath on the business performance of AEM. More importantly, investors wanted to know the progress of the “deep technical engagements with 10 out of the top 20 semiconductor companies, spanning mobility, memory, and high-performance computing”.

AEM share price

The securing of even one of the top 20 semiconductor companies would be a significant breakthrough for AEM share price. For years, AEM had relied on Intel for revenue source. To expand the customer base, the management had embarked on a slew of acquisitions in recent years. So far, seven technology companies were acquired since 2017 but sad to say, these acquisitions provided minimal …

Singtel share price needs StarHub merger

Singtel share price

LIFETIME MEMBERSHIP When will Singtel share price ever see daylight? In my previous article, I shared that Singtel share price would blow up in pieces following the release of full-year financial result for FY2020. Indeed, Singtel share price turned bearish for the past three months, falling from $2.60 in April to a low of $2.25 in early July. To halt the slump in Singtel share price, the management announced a new strategic direction to capture growth on 27 May.

To be fair to the management, the current state of Singtel share price should not be attributed to the new Chairman nor the new CEO. They have inherited a company that had seen growth under severe pressure due to intense competition in its regional associates’ businesses. The pandemic has brought even more headwinds and disruptions for Singtel. Against this backdrop, the strategic reset announced on 27 May is an attempt to revive the long-term outlook for Singtel share price.

Singtel share price

In the strategic plan, Group CEO Yuen Kuan Moon outlined three new growth pivots – harnessing 5G, repositioning NCS for overseas ICT expansion and unlocking value of infrastructure assets. In my opinion, the strategic reset represents a major shift for Singtel’s growth …

Sembcorp Marine share price faces takeover offer

Sembcorp Marine share price

LIFETIME MEMBERSHIP It is a battle that Sembcorp Marine can ill-afford to lose. On 24 June, the announcement of the bombshell $1.5 billion rights issue led Sembcorp Marine share price to yet another dark chapter. Over the course of two weeks, Sembcorp Marine share price plunged by a staggering of nearly 35%. Given that the latest rights issue price is at an abysmal $0.08, it is reasonable to expect Sembcorp Marine to continue its disastrous run in the coming weeks.

The sentiments for Sembcorp Marine share price are so toxic that not even the news of the merger with Keppel Offshore Marine (KOM) can halt the stock slump. The news of the $230 million contract win from Brazilian shipyard, for modification work to be completed on the Floating Production Storage and Offloading (FPSO) P-71 oil and gas vessel, had temporarily provided some respite for the siege on Sembcorp Marine share price.

Sembcorp Marine share priceNonetheless, the contract win is not going to move the needle for Sembcorp Marine as the oil-rig builder has revealed that the root cause for its current crisis is not the lack of revenue from new contract wins. Rather, COVID-19 has caused the deferral of deliveries and payments …

MIT share price riding data centre boom

MIT share price

LIFETIME MEMBERSHIP For the longest time, I have been contemplating to invest in an S-REIT with special focus in data centres. Hence, I have been monitoring Keppel DC REIT and Mapletree Industrial Trust (MIT). Both counters are majority-owned by Temasek Holdings and listed in the Straits Times Index (STI). Between the two players, I feel that the growth potential for MIT share price is higher due to recent strategic moves by the management.

In 2019, the Singapore government imposed a moratorium on new data centres. Being a land scarce country, there is a lack of land to accommodate the rapidly growing demands for data centres. In addition, data centres consume huge amount of energy and require energy-efficient cooling systems. For these reasons, data centre players like Keppel DC REIT and Mapletree Industrial Trust look to overseas for data centre acquisitions.

MIT share price

Between the two S-REITs, it seems to me that MIT’s management decided to go on shopping spree. In September 2020, MIT completed the acquisition of the remaining 60.0% interest in 14 data centres located in the United States for about $293 million. And in March 2021, MIT completed the acquisition of a data centre in Virginia, United States for about …

Keppel share price aiming for $7

Keppel share price

LIFETIME MEMBERSHIP Three cheers for Keppel share price! On 24 June, Keppel announced the signing of non-binding MOU with Sembcorp Marine with a view of combining Keppel Offshore & Marine (KOM) and Sembcorp Marine. Rumours of a merger between the two top dogs in the oil and gas sector had been swirling for years. Many investors had expected the deal to be the perfect catalyst for Keppel share price because of the economy of scale and operating synergies.

Indeed, market reactions had been positive for Keppel initially. Keppel share price surged from $5.10 on 24 June to a high of $5.60 on 28 June. Within a span of just four days, Keppel share price increased by 10%. In my previous article, I wrote that my target Keppel share price in 2021 was $5.50. Now that the counter has crossed this level, I do think that $7 could be the next attainable milestone for Keppel share price in 2021.

Keppel share price

The $5.50 share price price level was previously based on the assumption that Keppel could make net profit $500 million for the full-year in 2021. Incidentally, the 24 June announcement revealed that Keppel will receive shares in the new listed company …

Sembcorp Marine share price collapsed

Sembcorp Marine share price

LIFETIME MEMBERSHIP What a mayhem for Sembcorp Marine share price! On 24 June, both Sembcorp Marine and Keppel Corp requested trading halts for their counters. The trading halts were in preparation for the release of the epic announcements in relation to the bombshell $1.5 billion rights issue and commencement of merger talks between Sembcorp Marine and Keppel Offshore & Marine (KOM).

Sembcorp Marine share price

For Sembcorp Marine share price, it is a case of lightning strikes twice. The previous rights issue of $2.1 billion took place just in September 2020. And now, within a span of less than a year, Sembcorp Marine has come back to ask for more money from shareholders. To rub salt into injury, the latest cash call amounted to a staggering $1.5 billion, representing 63% of the current market capitalization. Against this backdrop, Sembcorp Marine share price plunged by as much as 28% after trading halt was lifted.

For sure, the twin announcements raised more questions than answers for investors. A few SG Wealth Builders had written in to request for my insights. Understandably, confidence was shaken for Sembcorp Marine share price. The management shot itself in the foot by announcing the massive rights issue together with the …

Sembcorp Marine share price to sink or swim?

Sembcorp Marine share price

LIFETIME MEMBERSHIP BREAKING NEWS: ON 24 JUNE, BOTH KEPPEL & SEMBCORP MARINE CALLED FOR TRADING HALT. GIVEN THE POTENTIAL VOLATILITY OF KEPPEL AND SEMBCORP MARINE SHARE PRICE, INVESTORS SHOULD TRADE WITH CAUTION.

Will Sembcorp Marine share price sink or swim in the coming months? In 2021, the rollout of COVID-19 vaccinations had led to gradual resumption of economic activities in various countries. While global economies had yet to recover to pre-pandemic levels, crude oil prices recently hit a 2-year high of US$73 per barrel. What is the implication of rising crude oil prices for local oil and gas stocks?

A long-time SG Wealth Builder member sought my insights on the recent recovery of crude oil prices and queried how this would affect SGX listed oil and gas stocks. The member did not specify any particular oil and gas stocks that he would like to cover, so I would share my views on Sembcorp Marine share price instead. This is because Keppel Corp and Sembcorp Marine are the top dogs in this sector. However, the former has announced its intention to exit the oil-rig building business to pivot in the renewable energy sector.

Source: Bullionstar

The second reason why I …

Biggest myths about CPF Nomination

CPF nomination

LIFETIME MEMBERSHIP The Chinese has a saying “You come to this world with nothing, and you shall leave this world with nothing.” Death is an inevitable phase of life which everyone would have to go through. While your CPF savings certainly belong to yours, the ownership would cease upon death. This is a fundamental universal truth. However, being a responsible wealth builder, I believe in forward planning. In this article, I will share my thoughts on the biggest myths about CPF nomination.

In 2017, I have made my CPF nomination. The process was incredibly simple and easy. It is also free of charge. I was very impressed by CPF Board’s efficiency and service standard. Within three days, I got a follow-up call from a CPF officer confirming my nomination details were in order and within a week, I got an official letter from CPF Board.

CPF nomination

Will versus CPF nomination

The biggest myth about CPF monies is that you can make a will on it. Many Singaporeans are not aware that CPF savings are not covered under will. According to CPF Board website, CPF savings are not part of your estate. The policy intent is to protect from creditor claims …

Wilmar share price in explosive meltdown

Wilmar share price

LIFETIME MEMBERSHIP What a disaster for Wilmar share price. The wheel finally came off the wagon when Wilmar share price hit a 5-year high of $5.60 on 19 February 2021. Wilmar share price began to nose dive after crude palm oil (CPO) prices peaked at a record high of RM$4,400 per tonne in April 2021.

As of 17 June 2021, CPO price has plunged to a low of RM$3,377 per tonne. In view of this, there is further room for the correction of Wilmar share price. For sure, the train wreck of Wilmar share price caught many investors by surprise. Should investors run for their lives?

Wilmar share price

Wilmar is one of the largest oil palm plantation owners in Indonesia and Malaysia. As such, Wilmar share price is prone to the volatility of CPO prices. One of the driving factors for the surging CPO prices in 2021 is due to the huge demand for palm oil by India. In fact, palm oil exports from Malaysia to India rocketed 766% year-on-year from January to May 2021. However, due to the second COVID-19 wave in India, palm oil demand is expected to decline sharply in the coming months due to the lockdowns in the …

Sembcorp Industries share price in India nightmare

Sembcorp Industries share price

LIFETIME MEMBERSHIP My last coverage on Sembcorp Industries share price was in February 2021. That was before the devastating second wave of COVID-19 infections took place in India. With a significant business exposure in India, what would be the impact levied on Sembcorp Industries share price? So far, the management had updated that its assets in Myanmar continued to be in operations despite the civil unrest. But there were no updates on the situation in India. On this note, investors have every reason to be concerned about Sembcorp’s India operations.

Sembcorp (SGX: U96) share price worth $4?

Sembcorp Industries share price gave me 37% return!

Sembcorp Industries share price

Given the situation in India, there are plenty of uncertainties for Sembcorp Industries share price. It doesn’t help that there are no business updates for the 1st quarter financial performance. The Group is not required to file quarterly results as SGX had ceased the quarterly financial reporting requirement. Without clarity on this significant downside risk, investors are left wondering how Sembcorp Industries will fare in the upcoming 1HFY2021 financial result.

Through Sembcorp Energy India Ltd (SEIL), Sembcorp Industries has $1.57 billion worth of ownership interest in India. SEIL has wind, solar and thermal power assets …

Sarine Tech share price to do an iFAST?

Mapletree Logistics Trust share price

LIFETIME MEMBERSHIP Diamond, diamond, in the sky. Who’s the shiniest of them all? The raging form of iFAST has set many SGX technology stocks on fire, and Sarine Tech share price is one of those riding on the current wave. For perspective, the counter has surged by 45% since the start of the year. While Sarine Tech share price is still some way off the record high of $3.20 seen in 2014, its current share performance is impressive given the current market condition.

A loyal supporter of SG Wealth Builder wrote in to seek my insights on the outlook of Sarine Tech share price, so I feel obliged to write a balanced view on this counter. As I have mentioned before, my investment philosophy is that there are no good or bad stocks. In the stock market, there are only good or bad strategies. It is possible that investors make money out of risky stocks. Conversely, many seasoned investors have lost their pants investing in purportedly “safe” stocks like Hyflux and Eagle Hospitality Trust.

Sarine Tech share price

Before I share my view on Sarine Tech share price, let’s do a brief company background. Firstly, Sarine does not sell diamonds. Instead, the Israel …

DBS Group Holdings share price at record high!

DBS Group Holdings share price

LIFETIME MEMBERSHIP Has DBS Group Holdings share price fulfilled its destiny? On 14 April, I wrote that DBS Group Holdings share price could smash past $30 following the release of the first quarter business update. Indeed, DBS Group Holdings share price did not fail to disappoint investors. Recently, the counter hit the record high of $30 on the back of a stellar financial result.

For perspective, the Group’s first-quarter 2021 net profit doubled from the previous quarter and increased 72% from a year ago to $2.01 billion. Thus, the buoyant form of DBS Group Holdings share price is not unexpected. To put the icing on the cake, it was the first time that DBS’ quarterly earnings crossed $2 billion. The solid financial result is amazing given that global economy is still in the doldrum amid the global pandemic crisis. Question now is: where would DBS Group Holdings share price go from here?

DBS Group Holdings share price

DBS share price (SGX: D05) bottomed out?

DBS Group Holdings riding the storm

DBS Group Holdings share price & Piyush Gupta

Since November 2020, DBS Group Holdings share price basically went on a rampage. The counter surged from $21 to the current $30. The roll-out of COVID-19 vaccination …