Author: sgwealthbuilder

Lifetime Membership Is this the beginning of the end for Nvidia share price? The meteoric rise of US chipmaker Nvidia has been nothing short of fascinating as the company’s market capital raced past an eye-popping US$4 trillion recently, making it the world’s most valuable company. Nonetheless, recent market’s concern about the end of global spending boom on artificial intelligence (AI) chips has led to a member of SG Wealth Builder questioning if Nvidia share price is prime for a collapse.

For background, Nvidia started life in 1993 as a start-up developing graphics processing units (GPUs) for video gaming. During IPO, Nvidia share price was trading at US$12 but after 5 stock splits, the adjusted IPO price became US$0.014. Fast forward a quarter century later, Nvidia share price turbocharged to a whopping US$175 after the company expanded its products to include AI, professional visualization, robotics, automotive and supercomputing. The explosive form of Nvidia share price has certainly minted numerous millionaires and billionaires globally, inevitably making Nvidia one of the hottest stocks in recent years.

However, what goes up must surely come down. Every investor knows the mantra that chasing a hot stock is always a dangerous tempting affair. I learned this the hard way when I bought shares of AEM, a Singapore chip test equipment maker, at the highest point ($5.22) in 2022.

Lifetime Membership It’s the return of the king! On 12 June 2025, Singtel share price stormed to 8-year high as the counter crossed the $4.00. Year-to-date, Singtel share price surged by a mighty 24%, making it one of the best STI performers. The robust performance of Singtel share price is certainly impressive given that the market is in sluggish form against the backdrop of US trade tariffs and persistent high interest rate environment.

The supersonic form of Singtel share price in 2025 should be attributed to the turnaround of its financial performance. The recent sale of 1.2% of its direct stake in regional associate Airtel for $2.0 billion also played a part in the bullish form of Singtel share price.

However, conventional wisdom indicates that what goes up must come down. In this context, question now is whether Singtel share price can sustain its bullish form for the rest of 2025?

Currently, Singtel is entering its season of final dividend payout. Based on past years’ data, Singtel share price never fails to correct between late July to August, the traditional period after the issuance of Singtel final dividend. In my view, the correction of Singtel share price should present good opportunities to accumulate the stock at reasonable entry levels.

Lifetime Membership The last time that I covered OCBC share price was in September 2024. Back then, I predicted the support level for this counter to be $15 and resistance level to be $16. Subsequently, 2025 saw OCBC charging past the pivotal level of $16 as the stock raced to a record high of $17.85 on 19 February 2025. Previously, I had also raised doubts on the sustainability of OCBC share price going forward. In this article, let’s see how OCBC share price will fare in 2025.

Year-to-date, OCBC share price has lost its supersonic form of 2024 and had so far declined by 1.9%. The bull run of OCBC share price in 2024 was remarkable as it was the share’s best run since 2005. While the drop does not necessarily warrant alarm bells to set off, it does somewhat vindicate the old saying that “what goes up must surely come down”. Evidently, OCBC share price have peaked.

Nonetheless, barring unforeseen circumstances, I doubt that a correction of OCBC share price, if it does occur, will be severe due to the strong fundamentals of the bank. Apart from this, OCBC has also resumed its share buybacks programme. As at 16 April 2025, the cumulative shares bought back amounted to 20.7 million.

Lifetime Membership The last time that I covered UOB was in 2022. Obviously, the landscape has evolved much as interest rates start to ease and subsequent US tariffs upended the entire global trade order. For this reason, the script for UOB share price has to change as the counter endured significant turbulence in the wake of geopolitical tensions.

In 2022, the main talking point for UOB share price was the $5 billion acquisition of Citigroup’s Southeast Asia consumer business. I had predicted that the acquisition might push UOB share price to another league, namely above $30, which it did. However, despite the tailwinds from the Citigroup acquisition and the interest rate hikes, UOB share price did not sustain the bullish momentum and dipped to $27 to $28 bandwidth for the large part of 2023.

However, 2024 surprisingly saw UOB share price gaining momentum, possibly due to strong business growth driven by the integration of Citigroup acquisition. From a long-term perspective, the Citigroup acquisition was an interesting deal that could possibly shape the dynamics between the Singapore banking trio. Notably, this deal marked the first overseas acquisition under the helm of CEO Wee Ee Cheong. Wee Cho Yaw, handed the reins to Wee Ee Cheong in 2007.

Lifetime Membership So much so for the hype. After AEM Holdings was given a mention in PM Lawrence Wong’s Budget 2025 speech, AEM share price surged 5% to hit a high of $1.60. However, the release of full-year financial result for FY2024 brought the counter back to Earth. Is this really the end of the road for AEM Holdings?

The past four years had been nothing short of nightmare for investors as AEM share price was razed to the ground due to the semiconductor inventory glut, Intel troubles, arbitration with business rival (Advantest) and a bizarre inventory shortfall. These setbacks have shaken confidence among investors, including myself. To restore confidence for AEM share price, AEM has replaced its CEO, CFO and COO.

Given the series of unfortunate events, one can be forgiven that the mention by PM Lawrence Wong is a signal of light at end of tunnel. After all, surely it can’t get any worse for AEM share price right? Furthermore, the mention by PM Lawrence Wong followed his visit of AEM facility with Indian PM Modi in September 2024. The visit should be seen as significant because you would surely want to showcase your best companies to foreign government leaders from US, China and India to demonstrate that your country has the talents and capabilities for innovation.

Lifetime Membership The last time that I covered Keppel REIT share price was in November 2020. That was during the dark period of pandemic and Keppel REIT share price fell from the $1.20 bandwidth during pre-pandemic to the $1.00 level. Post-pandemic, Keppel REIT did not recover but continue to decline to the current $0.80 level instead. What the hell has happened to this S-REIT?

For background, Keppel REIT is a real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific’s key business districts. Its portfolio is valued of over $9.5 billion, comprising properties in Singapore (5), Australia (7), South Korea (1) as well as Japan (1).

Keppel REIT share price has been quite volatile in recent years, possibly due to the short selling activities. Data from SGX Securities Borrowing and Lending (SBL) website shown that 22,255,874 units are available for lending, with borrowing rate at just 0.25%. Such low borrowing rate attracts short sellers. From SGX website, the daily average short selling volume for this counter amounts to about 4 to 5 million.

Year-to-date, Keppel REIT share price declined by 5% at the point of writing. At the going rate, its only a matter of time that the counter broke the support level of $0.80.

Lifetime Membership Since 2020, LHN share price rocketed 270%, making it one of the best performers among SGX small cap. Whilst the supersonic form of LHN share price is certainly impressive, I suspect this counter is largely under the radar of most Singapore investors given the prevalent market’s preference to invest in US tech stocks or STI stocks. In this article, I will share my thesis on LHN share price and analyze if this local homegrown company is worth to invest in.

In my course of identifying local companies doing Electric Vehicle (EV) charging system, my research led me to LHN. In my previous article, I wrote that CSE Global has this capability but CSE’s business focus is largely in the US market whereas LHN’s Energy Business mainly focuses in Singapore market. What caught my eye was the performance of LHN’s Energy Business, which recorded 190% year-on-year increase in revenue for FY2024, making this business segment the best performer among the Group’s diversified business portfolio.

Before proceeding with the breakdown on LHN’s financial performances in recent years, it may be useful for investors to have a better understanding of LHN’s business profile. The Singapore company has a history dating back to 1991, with its core capability in space optimisation.

Lifetime Membership The last time that I covered CSE Global, a homegrown enterprise listed in SGX since 1999, was in 2016, which was a long time ago. The reason for writing this article is because I am looking to invest in a sustainable company specializing in the manufacturing of energy distribution system and electric vehicle (EV) charging system. And CSE Global seems to be an interesting play in this arena.

Bizarrely, CSE share price was trading at around $0.40 back in 2016. Fast forward 9 years later, the counter remained at similar level. Of course, a number of things had happened since 2016, including the oil and gas slump followed by the pandemic. These events combined to change the destiny of CSE Global as it pivots in new growth sector – Electrification. So let’s assess CSE share price outlook given its exciting new journey.

CSE Global is a systems integrator providing electrification, communications, and automation solutions across various industries globally. The Group has three core business segments – Electrification, Communications and Automation. The company used to be the electronics arm of Singapore Technologies (ST) but after a successful management buy-out in 1997, the company was listed in the Singapore Exchange in 1999.

Lifetime Membership A brand new year! In this article, I will talk about Mapletree Logistics Trust (SGX: M44U). The key reason for this blog entry is to note down my thought process as I contemplate to channel more SRS monies in this counter.

For background, Mapletree Logistics Trust (SGX: M44U) is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at 30 September 2024, it has a portfolio of 179 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam.

As a whole, the S-REIT sector has been struggling for the past few years due to the high interest rate environment. Mapletree Logistics Trust (SGX: M44U) is no exception. However, the challenge for Mapletree Logistics Trust has been exacerbated due to its significant exposure to the China market, which has been in a prolonged real estate downturn. In 2024, the unit price of Mapletree Logistics Trust (SGX: M44U) has tumbled nearly 26%.

The Fed’s first jumbo rate cut in September has somewhat stimulated the counter and led to a mini-rally as Mapletree Logistics Trust unit price surged from $1.26 on 12 August to $1.50 on 2 October.

Lifetime Membership It’s a tale of two S-REITs. While Mapletree Logistics Trust share price continued its dismal form in 2024, Keppel DC REIT share price went from strength to strength to hit a recent high of $2.20. In fact, year-to-date, the former declined 25% whilst the latter rose by a staggering 22%. Given that both S-REITs are heavily leveraged (about 40%) and majority-owned by Temasek Holdings, what could be the driving factor for the bullish form of Keppel DC REIT share price?

The last time that I covered Keppel DC REIT share price was on 28 December 2023. Time flies. It has been a year and within this period, Keppel DC REIT share price went through a bad patch. Back then, the data centre S-REIT was in some sort of turbulence due to litigation with DXC Technology and rental defaults by Guangdong Bluesea Data.  The China fiasco also cast a negative spotlight on the other China data centres currently under development in Shanghai, Guangdong and Beijing.

Against this backdrop, I had predicted that Keppel DC REIT share price could be in for a rough ride, which it did as the counter dropped to a low of $1.60 in February 2024.

Lifetime Membership Third quarter earning reporting season came and went. As we approach the end of 2024, it’s time to stock-take the performance of AEM Holdings, a homegrown semiconductor test solution provider backed by Temasek Holdings. Year-to-date, AEM share price collapsed by a devastating 60%. The lowest point for AEM share price was in August when the counter crashed to a low of $1.20, scaring the living hell out of investors.

Recent performance of AEM share price suggested that the counter have somewhat stabilized, a reverse from the free-falling trend since the start of the year. Whilst it is too premature to claim that AEM share price has truly bottomed, many investors must be heaving a sigh of relief as the performance of AEM share price for the past two years had been nothing short of horrifying. Question now is whether AEM share price will return to its glory days in 2022 and hit $6 in 2025?

The bloodbath of AEM share price in recent years was largely attributed to a series of strategic missteps made by the management – unhealthy reliance on Intel for revenue, arbitration with business rival (Advantest) and a bizarre inventory shortfall. Arguably, these setbacks have shaken confidence among investors, including myself.

Lifetime Membership As we approach the end of the year, its time to review the performance of Mapletree Logistics Trust share price. And the diagnosis doesn’t look good. The latest financial result – 2QFY24/25 – confirmed my suspicion that the new CEO has her work cut out as distribution per unit (DPU) plunged 10.6% year-on-year to 2.027 cents.

For background, Mapletree Logistics Trust is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at 30 September 2024, it has a portfolio of 186 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of $13.4 billion.

The latest DPU is the lowest since 2QFY19/20, underscoring the magnitude of the fallout from the China economic struggles, high interest rates and depreciation of regional currencies against the Singapore dollar. Gross revenue for the latest quarter dropped by 1.8% year-on-year to $183.3 million, and net property income fell by 2.1% y-o-y to $158.6 million.

On the basis of the latest financial performance, it seems that Mapletree Logistics Trust share price is destined for another bout of turbulence.

Lifetime Membership Crisis? What crisis? SGX share price rubbished all talks of crisis as the counter hit 3-year high on 11 September 2024. The previous high of $12 for SGX share price was on 4 August 2021, which was the COVID-19 Circuit Breaker period. Due to the prevalent work-from-home, most investors had the opportunities to trade, leading to robust business performance for SGX back then.

In fact, during COVID-19 era, SGX’s daily average traded value (DAV) raced to a high of $1.4 billion. Fast forward to 2024, the DAV plunged to $1.06 billion. For most companies, such a drop would have walloped the overall business performance left, right and center. However, this is not the case for SGX. Instead, SGX share price actually fought back and is now on track to surpass the previous high seen during the COVID-19.Year-to-date, SGX share price rose 15%. The bullish form of SGX share price is in stark contrast to many of the counter’s Strait Times Index (STI) peers that have been in sluggish forms since the Fed raised interest rates aggressively in 2022. Amid the lackluster forms of many major stocks listed in SGX, there were also a dearth of listings in the Singapore bourse, prompting the authorities to launch a strategic review in a bid to restore SGX to greatness.

Lifetime Membership What a rampage! Like a crazy bull on the rampant, OCBC share price turbocharged to record highs following US Fed’s jumbo interest rate cut of 50 basis points. Year-to-date, OCBC share price surged 20% to hit a record of $15.60.  Of noteworthy is that all the three bank stocks went on a rally after the Fed interest rate cut. Why is that so? After all, wouldn’t the interest rate cut hit the banks’ Net Interest Margin (NIM) and Net Interest Income (NII)?

Whilst a lower interest rate will surely eat into earning margins for the banks, it will also spur demand for loans. This is especially so for housing loans, which had been hit left, right and center by the longer-than-expected high interest rate climate. All three banks have significant exposure to the local housing loan market. Hence, a lower interest rate could actually benefit the banks if the cut is not so drastic.

Additionally, lower interest rate also helps to improve a bank’s asset quality as borrowers repay their loans, resulting in lower bad debts. An interesting to note is that the Non-Performing Assets (NPA) of OCBC has been trending down since FY2021 – from $4.338 billion in FY2021 to $2.9 billion in 1HFY2024.

Lifetime Membership The last time I covered AEM Holdings was in May 2024 when AEM share price was trading at around the $1.90 bandwidth. However, that article was written before the train-wreck inflicted by the appalling 1HFY2024 financial results. The horror show caused another bout of meltdown of AEM share price as the counter tumbled to a low of $1.20, a level so unimaginable for many investors. The apocalyptic drop of AEM share price must have scared the living hell out of AEM investors. Question now is: will AEM share price see light at end of tunnel in 2024?

The continuous decline of AEM share price must have broken the heart of many long-term investors given that this company used to be the market darling of SGX and had even attracted a strategic investment from Temasek Holdings in 2021. The sovereign wealth fund had entered the counter when AEM share price was trading at around $3.80 levels. Hence, the plummet in AEM share price would have certainly dented Temasek’s returns.

Despite the crisis of confidence in AEM share price, which was largely driven by Intel’s woes, Temasek Holdings has not trimmed its stake in AEM. This is unlike the rest of the substantial shareholders like Malaysia’s EPF and Aberdeen, which had pared down their stakes in AEM in the past few years in order to reduce their risk exposures.

Lifetime Membership After conquering SGX in 2023, Sembcorp Industries share price looked out of sorts in 2024. Year-to-date, the counter has declined about 3.4%. Whilst the decline is not significant enough to warrant a concern, it appears that Sembcorp Industries share price has lost its all-conquering form of 2023 as the counter peaked at $5.80 in early February of 2024. Is this the beginning of the end for the leading energy and urban solutions provider?

The fantastic form of Sembcorp Industries share price should be credited to Group CEO, Wong Kim Yin, who joined the Group in July 2020. During his short tenure, CEO Wong has been instrumental in transforming Sembcorp Industries’ fortune post-demerger from Sembcorp Marine. Since the fateful demerger, Sembcorp Industries share price had gone from strength to strength, surging from $1.20 in September 2020 to the current $5.20 level.

The solid form of Sembcorp Industries share price in the past three years should be attributed to the Group’s ability to reinvent itself successfully as a renewable player. As such, some shareholders may be puzzled at the bearish of Sembcorp Industries share price in 2024. After all, there are no signs of any dark clouds on the horizon. So what could have punctuated the form of Sembcorp Industries share price?

Lifetime Membership High, high into the sky! On 30 August 2024, Singtel share price smashed to a 4-year high to cross the pivotal $3.10 mark. The last time that Singtel share price was trading at this level was in February 2020 – the period right before the stock market plunged into chaos due to the pandemic. Fast forward four years later, even though Singtel share price had crossed the pivotal $3.10 mark, the counter has yet to fully recovered to the pre-pandemic levels.

The shaky confidence in Singtel share price is rightfully understandable. Those who are vested in this counter are mostly long-term investors who view Singtel as a dividend stock. Yet under the helm of the former CEO Chua Sock Koong, the company bizarrely took on a growth model trajectory as the management emphasized more on revenue growth through various acquisitions of loss-making digital companies. After the current CEO Yuen Kuan Moon took over in 2021, he managed to steer the ship back on course and re-fashioned Singtel as a dividend stock again.

It is still early days for investors to claim that Singtel share price has truly bottomed but the latest form of the shares represented a small win for investors.

Lifetime Membership Class is permanent, form is temporary. Fueled by the series of interest rate hikes since 2022, DBS Group Holdings achieved a slew of record net profits for the past few years, pushing DBS Group Holdings share price to new heights like never before. For many DBS investors, this journey must be surely surreal as CEO Piyush Gupta cemented his legacy as one of the finest, if not the finest, CEO in the history of DBS. But then again, all good things must come to an end.

It’s the end of an era for Singapore’s largest bank as CEO Piyush Gupta announced his retirement in March 2025. Succeeding the charismatic business leader will be Ms Tan Su Shan. In light of the impending departure of Piyush Gupta, how will DBS Group Holdings share price unravel in the coming months?

Looking back, most investors thought Gupta had it easy when he was appointed to be CEO in 2009. After all, DBS Group Holdings is backed by Temasek Holdings. However, it should be noted that Gupta joined at a time of great chaos for DBS as Gupta’s predecessor, Richard Stanley, had unexpectedly died from cancer just 11 months into the job. Prior to the appointment of Richard Stanley, the previous CEO (Jackson Tai) had caused DBS to suffer reputational damages and losses arising from the bank’s involvement in collateralised debt obligations.

Lifetime Membership SGX stocks are in a state of crisis. So bad that the Monetary Authority of Singapore (MAS) has recently announced a whole-of-government strategic review to revive the ailing stock market of Singapore. Obviously, the abysmal state of SGX stocks is not something new to active Singapore investors. What is startling to most investors is that it takes such a drastic huge decline of SGX to trigger a last-gasp action from the authorities.

My biggest concern is that the strategic review to revive SGX stocks may come too late, and too little. Unless something bold is quickly done, the damage inflicted could have been irreversible and we may never see the SGX of old again. What is even more galling to me is that MAS has decided to take a chillax approach and announced that the review would take one year to complete. What?! One year to complete a review report? In the stock market, one year is an eternity! By the time the plan is executed, SGX would likely be “gone with the wind”.

From “Asian Gateway”, SGX stocks have become laughing stocks of Asia as there was only one miserable SGX IPO in the first half of 2024.

Lifetime Membership What the hell. Never in my wildest dream did I expect Mapletree Logistics Trust share price to trade below its Net Asset Value (NAV). This STI constituent, supposedly a blue chip in SGX, has been a major disappointment for many SGX investors since the Fed started to hike interest rates in 2022. When can this counter ever see daylight?

Dampened by heightened geopolitical tensions and longer-than-expected high interest rate environment, the whole of S-REIT industry has been in wretched form for the last two years. Mapletree Logistics Trust is no exception. Year-to-date, Mapletree Logistics Trust share price continues its dismal form, having plunged by a whopping 20.5% and became one of the biggest falling stars among the STI constituents. However, the counter was in the spotlight recently when a unitholder flagged out that nearly 30% of leases are due for renewal in the coming financial year 2024/25 during the AGM. What raised a few eyebrows was that 13.2% of these leases are in China.

For background, Mapletree Logistics Trust is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at May 2024, it has a portfolio of 186 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of $13.3 billion.

Lifetime Membership Is SGX truly dead and buried? Many people claim that SGX is in a complete state of moribund. Apart from the 3 local bank stocks, many of the SGX stocks have been in insipid forms for the past two years, no thanks to the US Federal Reserves interest rate hikes. Everyone is looking for the next super-hero of SGX, one that could capture the imagination of SGX investors, like what AEM did in 2021.

Against this backdrop, investors must be holding their breath when iFAST share price seemed to return to form in February 2024 after hitting a high of $8.35. Will iFAST share price enjoy another fairy-tale run in 2024?

For background, iFAST Corp is a global digital banking and wealth management platform, with assets under administration (AUA) of $20.0 billion. Incorporated in the year 2000 in Singapore, iFAST Corp is also present in Hong Kong, Malaysia, China and UK. The Group offers access to over 21,000 investment products including unit trusts (“funds”), bonds and Singapore Government Securities (“SGS”), stocks and exchange traded funds (“ETFs”), and insurance products. It also provides services such as wealth management solutions, banking services, research and investment seminars, Fintech solutions, pension administration and investment administration and transaction services to financial advisory (“FA”) firms, financial institutions, banks, Fintech and Internet companies, as well as retail customers and high net worth (“HNW”) investors.

Lifetime Membership The last time that I covered ThaiBev share price was in December 2019. That was a long time ago and an SG Wealth Builder Lifetime Member has requested for a coverage on this counter, which has recently plunged into a devastating 11-year low. What on earth has happened to this evergreen Straits Times Index (STI) component?

For background, ThaiBev is Thailand’s largest and leading beverage producer and distributor. Since 2006, ThaiBev has been listed in SGX mainboard and was included in STI in 2016, having replaced IHH Healthcare. In 2013, ThaiBev made waves when the Group, under the leadership of Thai billionaire, Charoen Sirivadhanabhakdi, acquired Singapores’ F&N. Today, ThaiBev has a mighty presence in over 90 countries, with overseas alcoholic production facilities in Scotland, France, Myanmar, Vietnam and China. ThaiBev’s business comprises four segments – spirits, beer, non-alcoholic beverages, and food.

Back in December 2019, ThaiBev share price was actually trading at $0.90. Five years later, the counter has corrected by a whopping 50%, causing plenty of heart pains to many of its faithful investors. However, under the current bear market, the decline of the ThaiBev share price should not be surprising. Apart from local bank stocks, the rest of the STI components, including the S-REITs, are pretty much in bad shape due to the high interest rate environment.

Lifetime Membership Warren Buffet famously quoted: price is what you pay, value is what you get. In this context, investors must be wondering if the current Li Ning share price trading level represents value.

From a peak of HK$105 in September 2021, Li Ning share price crashed by a whopping 83% to reach HK$17.50 recently. The devastating meltdown of Li Ning share price certainly caused plenty of heart pains to its investors. Should they keep the faith or run for their lives? This must be a dilemma faced by many Li Ning investors given that rumors emerged in March 2024 that the founder of the Group was considering privatizing Li Ning. What?! At current Li Ning share price levels?

For the uninitiated, Li Ning is the Nike version of China. Founded in 1990 by former Olympic gymnast, Li Ning, the Group is a Chinese sports brand, operating professional and leisure footwear, apparel, equipment and accessories. Under the core strategy of “Single Brand, Multi Categories and Diversified Channels”, the Group has established an extensive retail distribution network and supply chain management in China.

The faltering Li Ning share price is not unique to just Li Ning as the overall China stock market suffers an explosive bubble burst after peaking in 2021.

Lifetime Membership It has been nearly a year since I wrote about Mapletree Logistics Trust share price performance and I think its time for an update. Year-to-date, Mapletree Logistics Trust share price continued to spiral out of control, falling by a devastating 22%. At the current trading price, the counter has plunged to a 5-year low. Question now is whether the counter has truly bottomed and represents an attractive value for investors to enter.

For background, Mapletree Logistics Trust is an S-REIT that invests in a diversified portfolio of logistics real estate in Asia Pacific with the aim of providing its unitholders with a stable distribution stream. As at May 2024, it has a portfolio of 186 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam with assets under management of $13.3 billion.

The dismal performance of Mapletree Logistics Trust share price saw former CEO, Ms Ng Kiat, stepping down and being replaced by Ms Jean Kam Sok Kam on 24 May 2024. Personally, I felt that the change was quite abrupt and I certainly didn’t see it coming as Ms Ng Kiat has been CEO for more than 12 years and there was no official reason provided by the Board of Directors for the change of CEO.

Lifetime Membership What a swashbuckling form! OCBC share price turned bullish following the bank’s announcement of voluntary unconditional offer for Great Eastern Holdings on 10 May 2024. Year-to-date, OCBC share price increased by about 11%. Question now is whether there is genuine intent of OCBC to acquire Great Eastern or just a cheap plot to boost OCBC share price, which had been lagging behind DBS shares in recent years?

Since 2021, I had been sharing my thoughts on the possibility of OCBC acquiring Great Eastern and the potential impact on OCBC share price. The articles can be accessed at the following:

OCBC share price in Great Eastern windfall!

OCBC share price to boom with Great Eastern sale?

OCBC share price to rocket with Great Eastern Holdings exit?

Given the voluntary unconditional offer, an SG Wealth Builder Member wrote in and asked if it is an opportunity to enter at the current Great Eastern share price. To oblige him, I will share my opinion on the voluntary offer by OCBC and also my take on whether its worth the risk to enter at current Great Eastern share price.

Being the oldest insurance company in Singapore and Malaysia, Great Eastern Holdings needs no introduction.

Lifetime Membership AEM share price continues to break investors’ heart. Since my last blog post on AEM Holdings on 3 March 2024, the counter had somewhat stabilized at the levels of $2.30 to $2.50. However, the release of first quarter business update on 8 May 2024 caused a rupture in the form of AEM share price yet again. Year-to-date, AEM share price plummeted by a whopping 47%, making it one of the biggest falling stars in SGX mainboard.

The crisis of confidence among investors is understandable as the latest financial result was not only bad, but also worrying for investors. Whilst I can understand that revenue has declined substantially due to slower than expected recovery of Intel, the massive drop of 9.6% in profit before tax (PBT) margin to 2.9% befuddled me. Given that the management has already settled the US$20 million arbitration to Advantest, as well as the stupid inventory mistake in FY2023, there was really no justification for the abysmal PBT margin.

Profit margin is a key indicator of a company’s financial health and its ability at generating profit. The fact that AEM’s PBT plunged so much within a short time and without external factors was indeed disturbing to me.

Lifetime Membership Is this a good time to enter or should existing shareholders throw in the towel? Within the span of just 3 years, AIA share price crashed by a whopping 50% and is now trading at a dismal 7-year low. An SG Wealth Builder wrote in to enquire if the current AIA share price is worth entering.

Founded by Cornelius Vander Starr in Shanghai, AIA Group had been the main Asian subsidiary of American International Group (AIG). Subsequently, AIG left Shanghai in early 1949 due to the civil unrest and Cornelius Vander Starr shifted the company headquarters to New York city.

During the Great Financial Crisis in 2008, AIG was bailed out by the US government for a staggering US$150 billion after one of its business units dabbled in risky collateralized debt obligation (CDO) which almost led to its collapse. Consequently, AIG was forced to sell AIA in 2010 as part of its efforts to repay US tax payers. AIA then made its way back to Asia through a mega IPO in Hong Kong Stock Exchange. Currently, AIA is one of the biggest weighted index stocks in Hang Seng Index, with total assets of US$286 billion as of 31 December 2023.