Singtel share price is so bad its good

Singtel share price

It seems like Singtel share price is in the mood for love again. After ex-dividend in July, Singtel share price suffered its seasonal meltdown, falling from a high of $3.56 in early July to the current low of $3.13. As one of the biggest telecom players in the region, Singtel is a blue chip. So the current bearish Singtel share price may represent a good opportunity to accumulate.

On 2 July 2019, I warned that Singtel share price would be entering a dark chapter but is still considered a good company to invest for the long run because of its massive economic moat. Although this counter is ideal to hold for the long-term, investors must set appropriate entry-levels. Some members have enquired my entry level, which I have revealed to be $2.60.

Singtel share price

Based on the on-going market trend, it is possible that Singtel share price could reach the level of $2.60 in the coming months. According to data, the lowest level for 2019 was $2.86 recorded on 3 January 2019. So unless the management announced some hugely positive news, such as the monetization of its loss-making ventures (cybersecurity and digital life businesses), it would take a herculean effort to reverse …

Personal finance: 20 years of winter in Singapore

personal finance

As an avid personal finance blogger in Singapore, I am passionate about personal finance and investment topics. My passion in personal finance stemmed from a challenging family financial background. So, it is definitely not by chance that I became a personal finance blogger. My goal for this blog is to share experiences relating to personal finance. In the process, I hope readers become better wealth builders.

Personal finance diary

The period 1994 to 2013 was the darkest chapter of my life, and also the longest winter for my family. We were very vulnerable then, and at the same time struggling to cope financially. My siblings and I were still schooling in secondary schools. Mom was a housewife and she received little education. Grandma was old and ailing. Dad was the sole breadwinner and his debilitating stroke plunged my family into an abyss of financial uncertainties.

I am a firm believer of working hard and smart to achieve success. In Singapore, regardless of social status and academic achievements, most Singaporeans should be able to earn good income if they are willing to work hard and smart. But what about those who are physically handicapped and struggling to make ends meet?

personal finance

For …

SPH share price plunged to record 14-year low

SPH share price

What a calamity for SPH share price! On 28 August 2019, all hell broke loose for SPH share price as the counter breached the all-critical level of $2.00 to reach a low of $1.93. It seems that dark forces had won the battle as a whopping 3.2 million SPH shares were shorted on 26 August 2016, causing SPH share price to plunge into the deep abyss.

Is it going to get any worse for SPH share price? To be frank, I don’t know but current trading level is at a stunning record 14-year low. During the dark days of the Great Financial Crisis 2009, SPH share price had not even touched such crazy level. So you can imagine the level of panic among shareholders. It seems that SPH share price is currently on a path of destruction and there is no end in sight. At least not so soon.

SPH share price

Confidence means everything in the stock market. Thus, to restore the confidence level of SPH share price, the management bought back 576,300 shares on 26 August 2019. But the action proved to be futile as SPH share price continued to retreat. Against the current backdrop, SPH share is trading at the …

Sheng Siong share price on a super bull run!

Sheng Siong share price

August had been a torrid month for many investors as the unfolding trade war between US and China roiled the stock market. Amid the stock market upheaval, Sheng Siong share price stands out like a shining diamond. Investors are left confounded as the unfolding trade war has absolutely no impact on Sheng Siong share price. To top it off, this counter even surge to a record high of $1.18 in recent days.

Given the bullish form of Sheng Siong share price, investors should have no complaints. Since IPO in 2011, Sheng Siong share price had stormed from $0.33 to the current $1.15 level. Investors are laughing all the way to the bank because of the huge capital appreciation and the consistent dividend pay outs.

Sheng Siong share price

The strong business momentum of Sheng Siong saw CEO Lim Hock Chee receiving the SBA’s Businessman of the Year award in early 2019. In 2015, the CEO also received the same award. Indeed, the consistent growth and solid business fundamentals lend support to the form of Sheng Siong share price through the years. Can Sheng Siong share price sustain its blockbuster form in the second half of 2019?

Sheng Siong share price in wonderland

On looking …

Yangzijiang share price to sink or swim?

Yangzijiang share price

8 August 2019 would be remembered by many investors as a scary day because Yangzijiang share price plunged by 20% before trading halt. On that fateful day, 10.5 million shares were shorted by the big boys, making it the highest volume stock being shorted.

As usual, retail investors were initially left clueless on what’s happening. It was only on 14 August 2019 that the management revealed in a SGX filing that the Executive Chairman and major shareholder, Ren Yuanlin, was currently assisting the Chinese authorities in a “confidential investigation”.

Yangzijiang share price

The SGX filing provided nothing specific about the nature of the investigation and also stressed that it is “business as usual” for Yangzijiang as none of its directors and business units are affected by the investigation. Yangzijiang share price subsequently recovered from a low of $0.86 to the current $0.95 level.

The recovery of Yangzijiang share price could be attributed to a lower intensity of short selling activities for the past week and also the aggressive shares buy back made by the management. Following the lifting of the trading halt, the management repurchased 12 million shares (as of 23 August 2019), partially restoring the confidence level of Yangzijiang share price.

The …

StarHub share price crashed into wall

StarHub share price

Since my last coverage, StarHub share price suffered a catastrophic meltdown, falling from $1.55 to the current $1.35 level within the span of only a month. The culprit is, of course, the disappointing 2QFY2019 financial results. Against the backdrop of the persistent bearish StarHub share price, the telco certainly looks like a company in crisis.

When Starhub was booted out of the prestigious Straits Times Index (STI) in 2018 it was a harbinger of things to come. Fellow comrade, SIAEC, suffered similar fate back in 2017 and its share price went into tailspin. On this basis, I don’t see how StarHub share price can fight destiny as its mobile services business is solely entrenched in Singapore.

StarHub share price

The massive plunge of StarHub share price since 2015 would have inflicted plenty of heart pains for long-time investors as this counter used to be a dividend darling among Singapore investors. For sure, the entry of TPG had soured the mood for telco stocks and dented the growth prospects for local telco players, which already face a saturated mobile market in Singapore.

As the telco war continues to unfold, I fear the worst for StarHub share price. Make no mistake, the fourth telco …

DBS Group share price thrashed by big boys

DBS Group share price

Troubles certainly come in troops for DBS Group share price. The recent Hong Kong protests would likely to inflict damage to its earnings for the second half of the year as Hong Kong market traditionally contributes the second highest profits to the Group (due to Dao Heng bank).

As Singapore economic growth is slowing down to 0 to 1% for 2019, DBS Group share price will also be among the first to be hit by a market slowdown. On the other hand, housing loans continued to fall because of the 2018 property cooling curbs. As of 30 June 2019, housing loans decreased to $73.9 billion from $75 billion in December 2018. But of more concern is the unfolding trade war between US and China, which threaten to derail DBS’ trade loan portfolio.

DBS Group share price

Against the above backdrop, can DBS CEO still laugh all the way to the bank? Maybe so. Given the massive run-up of DBS Group share price since 2016, CEO Piyush Gupta is still sitting on a healthy level of paper profits. Currently, the CEO holds 1.17 million DBS Group shares worth $29 million. Similarly, for those who entered this counter in 2016, they should see good capital appreciation …

Accredited investors to rock the heaven

accredited investors

“Gerald, do you know anything about accredited investors? If not, why don’t you research and craft an article about it? But please do not ever reveal my name”.

It was 2013 when a former wealth manager-turned-entrepreneur made this request to me during a meet-up. He had come across my blog and knew that my mission is helping investors to make better investment decisions. Through the years, my research on accredited investors make me realize how warped the game is being played against investors.

accredited investors

Be very sure, don’t ever be blur

2019 will be a defining year for accredited investors as Monetary Authority of Singapore (MAS) effect major changes to the regulatory framework concerning accredited investors. These changes probably came on the back of many investment casualties.

And it’s happening all over again and again. From Hyflux perpetual bonds of 2018, to the Swiber bonds of 2016, to the Lehman Brother’s Minibond, numerous Singapore accredited investors had suffered significant losses after being exposed to risky investments. No thanks to the work of wealth managers and private bankers.

The latest case involving Hyflux perpetual bond is not the first nor will it be the last. But why should you care or bother …

OCBC share price lost its way

OCBC share price

It is the perfect storm for OCBC share price. The recent Hong Kong protests would likely to hurt its business in the former British colony (OCBC has a presence over there because of Wing Hang Bank). Singapore economic growth is slowing down to 0 to 1% for 2019 because of the global trade war. Being the economy bellwether, bank stocks are sensitive to economic condition. Thus, OCBC share price will be among the first line of stocks to be hit by a market slowdown.

OCBC share price comes under further pressure following the release of financial results which showed that its total housing loans portfolio continued to fall to $62.4 billion as compared to $65.9 billion in the same period last year.

OCBC share price

Notwithstanding the above, OCBC announced a set of good Q2FY2019 results that saw net profits rising 1% to $1.22 billion. Net interest margin has increased to 1.79%. Also, the decline in housing loans had been offset by the huge increase in building and construction loans, which surged to $59.5 billion from $40.9 billion in last year. Despite the rosy report card, OCBC share price turned bearish and lost support at the $11.00. Current OCBC share price is $10.65.…

Singtel share price 12% plunge left investors in tears

Singtel share price

The recent volatility of Singtel share price must have caused many investors to shed tears. From a high of $3.56 in early July, Singtel share price spiralled out of control to reach a low of $3.12 on 14 August. The decline represented a correction of 12% for Singtel share price within the span of only a month.

Obviously, the knock-out punch for Singtel share price came from the latest 1QFY2020 which revealed net profit had plunged by a whopping 35% to $541 million. The latest results came on the back of seven consecutive quarter of declining profits.

Singtel share price

On 2 July 2019, I warned that Singtel share price would be entering a dark chapter but is still considered a good company to invest for the long run because of its massive economic moat. Although this counter is ideal to hold for the long-term, investors must set appropriate entry-levels. Some members have enquired my entry level, which I have revealed to be $2.60.

Based on the trend, it is possible that Singtel share price could reach the level of $2.60 in the coming months. The lowest level for 2019 was $2.86 recorded on 3 January 2019. So unless the management announced some …

KIT share price to suffer same fate as Hyflux?

Sembcorp Marine share price

Will Keppel Infrastructure Trust (KIT) do a Hyflux? I have never been a big fan of business trusts. Just take a look at Asian Pay TV Trust (APTT) and Hutchinson Port Holdings (HPH) Trust. The unit price of both business trusts plunged to incredibly abysmal levels in recent years due to declining business fundamentals. Could Keppel Infrastructure be different?

Bizarrely, all three business trusts are linked to Temasek Holdings. Even more strange is that there are eerie similarities between Keppel Infrastructure Trust and Hyflux.

KIT share price

Like Hyflux, Keppel Infrastructure Trust owns just one power-plant (Keppel Merlimau Cogen Plant), which has been making huge losses and still counting. Similar to the ill-fated Hyflux, Keppel Infrastructure Trust issued $300 million 4.75% Perpetual Bonds. Oh yes, KIT also owns a 70% stake in SingSpring Desalination Plant, which was built by Hyflux. Gulp, all these sounds quite ominous right?

Nonetheless, with sovereign wealth fund Temasek Holdings as backer, chances of KIT share suffering the same fate as Hyflux is low. Temasek Holdings would not allow it to happen. But will KIT share price collapse like APTT and HPH Trust? Read on to see my review of KIT share price.

KIT share price to sink or

Singtel share price and StarHub share price unleash new terror on investors?

Singtel share price

One quarterly financial result does not define the long-term prospect of a company. But following the release of the latest financial results, can Singtel share price and StarHub share price really fight gravity? It appears to me that that both telco players are heading into two completely different unchartered territories.

It was only a few years ago that the local telco stocks were deemed as defensive stocks because of their stable stock prices and high dividend pay outs. But the market dynamics changed swiftly with the introduction of a fourth telco player, TPG, in 2016.

Subsequently, StarHub share price plunged from $4.00 to the current abysmal level of $1.45. As the dominant player, Singtel share price remained resilient so far but had lost plenty of the bullish momentum seen in its hey-days.

Singtel share price

Is this the end of the road for Singtel share price and StarHub share price? In this article, let’s examine the outlook for these two counters.

Singtel share price stung by Airtel

Singtel share price is expected to come under pressure after the management delivered a set of trashy 1QFY2020 results that saw net profit plummeted by 35% to $541 million. On 2 July 2019, I warned that …

Sembcorp Marine share price to explode on potential merger?

Keppel share price

Could it be the straw that broke the camel’s back? Since 2014, there were persistent rumours of Sembcorp Marine merging with Keppel Corp. But the rumours remain as rumours until now. With the explosive revelation of potential corruption charges and the recent meltdown of Sembcorp Marine share price, Temasek Holdings could be forced to show-hand.

Sembcorp Marine share price ripped apart by corruption probe

Sembcorp Marine share price see red

Incidentally, Keppel Corp was involved in another merger and acquisition activity (M1) in 2018. That might have stalled the proposed deal between Sembcorp Marine and Keppel as substantial resources would have been expended to fund the exercise. But now that the M1 saga is over, it is timely to examine whether Keppel would make a move to rescue Sembcorp Marine share price. After all, both entities share the same parent company – Temasek Holdings.

Sembcorp Marine share price

The impetus for the merger came at a time when the oil-rig builder continued to struggle in the midst of a protracted slow-down in the oil and gas industry. For 1HFY2019, Sembcorp Marine reported losses of $8.77 million. To make matter worse, its subsidiary in Brazil, Estaleiro Jurong Aracruz Ltda (“EJA”), had been stormed by the …

SGX share price on sparkling form after reporting highest profits in 11 years

Singtel share price

SGX share price is in the form of its life following the release of solid full-year financial results for FY2019 that saw the bourse operator delivering the highest profits in 11 years. Revenue of $909.8 million was also the highest in 19 years. With such stellar report, no wonder SGX share price rocketed in recent weeks.

It has been 4 years since Loh Boon Chye took over as CEO of SGX. On the basis of the past four years of financial records, I would give Loh Boon Chye an A+ for his leadership performance. Under his tenure, net profits surged from $349 million in FY2016 to $391 million in FY2019. What is even more impressive is that the Return on Equity (ROE) has increased to 36%. Against this backdrop, will SGX share price hit $10, a level last seen in 2010?

SGX share price

On looking back, Loh Boon Chye certainly brought peace and stability to SGX share price. This is in deep contrast to his predecessor, Magnus Bocker, who presided SGX over the period of penny chip meltdown, trading breakdowns and the fallout from the S-chips saga. While these episodes had long blown over, SGX is dealing with a new set of …

ST Engineering share price in explosive rally

ST Engineering share price

It seems that Temasek Holdings had chosen the right man to lead ST Engineering. Prior to Vincent Chong taking on the top job in October 2016, ST Engineering share price had been roiled by a devastating corruption scandal news that broke in 2014. That episode saw ST Engineering share price collapsing from $4.40 in 2013 to a low of $2.70 in early 2016.

Since then, ST Engineering share price has finally seen glimpse of light at end of the tunnel. With a new CEO and a major rebranding exercise, this corporate behemoth appears to put to rest the haunting dark chapter.

ST Engineering share price

ST Engineering share price performance was indeed intriguing. I would have bought into this counter a couple of years ago if not for the appointment of the new CEO. Usually, I would avoid companies which experienced a change of leadership because of the need to give the CEO to implement his ideas. This is especially so as Vincent Chong’s background was previously from the oil and gas sector. But my concern proved to be invalid as Vincent Chong managed to revive the ailing ST Engineering share price.

As expected, the aerospace business provided the impetus for ST Engineering share …

BreadTalk share price lost steam

BreadTalk share price

What a revelation. Investors must have that “uh-oh” feeling as BreadTalk share price plunged by 39% since reaching a record high in July 2018. It has been nearly 2 years since I last covered BreadTalk share price. Back then, I predicted that BreadTalk share price would be bullish with the purported property divestments.

Indeed, since that article, BreadTalk had enjoyed a splendid bullish spell in 2018. But as the saying goes, what goes up must come down. This is the case for BreadTalk share price, which spiralled out of control from the peak of July 2018.

BreadTalk share price

Following the stock split of 1-into-2 shares in May 2018, BreadTalk share price went into some sort of concussion and subsequently lost its bullish momentum. What could have led to the devastating meltdown of BreadTalk share price and what is the outlook for this homegrown counter?

BreadTalk share price thrashed

Every dog has its day. BreadTalk share price used to be one of the top dogs in SGX, hitting a pre-split of $2.50 on 3 July 2018. But the dynamics for this counter had changed swiftly. In the blink of an eye, BreadTalk had transformed into a dead stock, with average 3-month trading …

Wilmar share price in lung bursting form

HPH Trust

Since my last coverage in 2018, Wilmar share price went on a stupendous lung bursting form, surging from $3.20 in May 2018 to reach a multi-year high of $4.00 in recent days. The catalyst for the bullish Wilmar share price performance should be the approval of its subsidiary’s IPO application in China.

On 12th July 2019, Wilmar share price climbed from $3.76 to $4.06 on 26 July 2019 upon the announcement of China Securities Regulatory Commission (“CSRC”)’s acceptance of Yihai Kerry Arawana Holdings Co., Ltd’ (YKA)s application for its proposed listing on the Shenzhen Stock Exchange. YKA is a 99.99%-owned subsidiary of Wilmar.

Wilmar share price

While the recent form of Wilmar share price had been quite bullish, this counter has not reached the mighty level of $7.00 seen in the giddy days of 2010 when palm oil prices were at the peak. In recent years, Wilmar share price had been hurt by the collapse of the palm oil prices. Will the China IPO ignite another phase of explosive growth for Wilmar?

Wilmar share price in enigma

As a growth stock, Wilmar share price performance is intricately tied to its revenue growth. If investors look back, revenue had risen steadily from USD38.8 …

Suntec REIT in royal mess up!

Mapletree Logistics Trust

What a royal mess up! It has been a long time since my last coverage on Suntec REIT and it appears to me that this counter had plunged into some sort of crisis. Revenue from its office segment declined for five consecutive quarters on year-on-year basis since end 2017. That dismal showing saw former CEO Chan Kok Leong throwing in the towel in October 2018.

How did the former CEO of Suntec REIT mess up is beyond my understanding. From the data, it was shown that since 2016, the committed occupancy for Suntec REIT’ Singapore office rose from 98% to 99.5%. This was an impressive performance against the average overall Central Business District Grade A occupancy of 92%. But in every quarter of FY2018, revenue from office declined on year-on-year basis. This can only mean one thing – that the office rentals had been renewed at lower rates, resulting in revenue destruction for Suntec REIT in FY2018.

Suntec REIT

Amid the current bull run across the sector-wide S-REIT, the ailing performance of Suntec REIT stands out like a sore thumb. The laggard performance of this venerable S-REIT is actually legitimate due to its lacklustre operational performance. Despite the struggle, DPU remained resilient, …

Monetary Mindset: How to Think Like the Wealthy to Find Financial Freedom

financial freedom

financial freedom

Sure, the very wealthy are different than the rest of us — and in more ways than just the lavish lifestyles you see on television and tabloids. The rich also have a different mindset when it comes to handling and managing their finances.

You likely think the wealthy guard their wealth-building secrets closely. And to some degree, that’s true. But there are many ways you can emulate their fiscal practices to find your own way to financial freedom.

Work with Professionals

It’s a myth that financial advisers are only accessible by the wealthy. In fact, people with moderate incomes benefit more from expert advice than those who are already financially secure. For example, Singapore firms such as Asiaciti Trust serve private clients who want to make their money work for them, retire early and secure a solid financial future.

Working with the right financial advisor allows you to invest, save, and grow the money you have. Choose a firm that has years of dedicated service and proven results.

Embrace a Wealthy Mindset

To be sure, Singapore has many rich and famous people—and movies like “Crazy Rich Asians” can make it seem like a typical worker can never attain personal wealth. …

Gold price in fiery rally

gold price

Since the start of 2019, gold price went on a rampage to reach an euphoric high of USD1440 per ounce on 19 July 2019. This was a remarkable high of 11% increase since the beginning of the year. Of course this was still way off the peak of USD1900 per ounce seen in 2011, but current form of gold price reflected the resilience of the yellow metal.

What actually fuelled the surge in gold price? Many analysts could not really pinpoint the real cause but two factors could have caused gold price to become bullish in recent months.

Drivers for gold price rally

Firstly, the global trade war and the risk of a no-deal Brexit had increased the level of uncertainties in the financial market. Although most people would agree that the current situation does not reflect a recession, the global growth outlook remains pretty challenging.

Long seen as a safe haven, gold is often regarded as the asset to hold in times of uncertainties. In fact, gold price went on a rampage bull form in the period of The Great Financial Crisis to reach a peak of USD1,900 per ounce in 2011. The euphoria in gold was driven …

SPH share price in disaster

SPH share price

What a disaster for SPH share price! In my previous article in May, I wrote that SPH share price would likely to face major headwinds in the coming months. True enough, SPH share price suffered a catastrophic meltdown, falling from $2.48 on 12 July to $2.28 on 17 July. This represented a drop of 8% of SPH share price within 5 days.

Obviously, the correction of SPH share price was attributed to its dismal 3QFY2019 results. While its struggle in the media business is well-known to most Singaporeans, what caught most investors should be the startling extent of the business decline.

SPH share price

Operating revenue dropped 1.6% to $246 million for 3QFY2019 while net profits collapsed 44.1% to $26.2 million. The latest results marked the fourth consecutive quarterly decline. No wonder SPH share price rolled off the cliff. On the basis of the strings of poor results, it takes an ardent fan to be bullish with SPH share price.

Question among investors must be whether CEO Ng Yat Chung is the right man to lead SPH out of this ring of fire. Given that Ng Yat Chung only took over the helm in 2017, it is too premature to judge him. Usually …

StarHub share price in last tango

StarHub share price

StarHub share price has suffered an explosive loss of form in recent years, causing much heart pains for long-time investors. But the local telco is not going down without a good fight. In December last year, StarHub rolled out three contract-free SIM only plans (I would have signed up for the $50 SIM plan if not for the fact that I am still bound by contract to M1). Recently, redOne became the latest MVNO to lease network from StarHub, which currently boosts a total of three MVNOs.

StarHub share price to face $282 million baptism of fire

StarHub share price trashed to 14-year low

Despite the above positive moves, the outlook for StarHub share price is grossly dim. Once the brightest star among the SGX counters, StarHub share price had lost its shine considerably. To rub salt into injury, StarHub was even booted out of the prestigious Straits Times Index (STI) in 2018. Fellow comrade, SIAEC, suffered similar fate back in 2017 and its share price went into tailspin.

StarHub share price

As the telco war continues to unfold, I fear the worst for StarHub share price. Can StarHub CEO Peter Kaliaropoulos really lead the telco to the Promised Land or is it …

DBS bank share price fighting dragons and tigers

DBS Group share price

It has been a gut wrenching ride for investors as DBS bank share price went into a tailspin following the release of Q1FY2019 financial results on 29 April 2019. During the media briefing, CEO Piyush Gupta revealed that mortgage growth for FY2018 was under $2 billion, vis-à-vis growth of $4 billion in the year before FY2018.

The chilling revelation knocked the wind out of DBS bank share price. On 27 April 2019, DBS bank share price had hit a high of $28.40 but investors were spooked by the bank’s dismay housing loan performance. The data confirmed investors’ worst fear – that DBS’ loan portfolio will be hit by the 2018 property cooling measures.

DBS bank share price

Since that fateful day, DBS bank share price plummeted from $28.40 to a low of $24 on 3 June 2019. The mayhem prompted management to take action to arrest the plunging DBS bank share price. From 14 May 2019 to 3 June 2019, DBS purchased back 3 million DBS shares. The shares buybacks provided much critical support for DBS bank share price.

Can DBS bank share price continue to fight gravity? As the bellwether of the economy, many investors often scrutinize DBS bank share price because it …

Temasek Holdings lost its pants in Lippo Malls Indonesia Retail Trust?

Lippo Malls Indonesia Retail rust

Investing in Lippo Malls Indonesia Retail Trust is no fun. Since IPO, this counter has never reached the giddy height of IPO price. For those who bought at IPO and hold the units till now, the massive decline in unit price would have wiped out the returns from the total DPUs collected. In fact, the total DPUs issued so far was $0.398 but the decline was $0.56.

Nightmare of Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust in dark chapter

Given the massive decline in unit price of Lippo Malls Indonesia Retail Trust, long-term investors would have lost their pants investing in this counter. Not to mention the opportunity cost if they had cut losses earlier. Then again, retail investors should take heart that even big boys like Temasek Holdings also make mistakes in their investment thesis.

Lippo Malls Indonesia Retail rust

The DPU of Lippo Malls Indonesia Retail Trust had fallen so much since IPO. And for good reason too. The number of issued units had surged from 1.065 billion to  staggering 2.89 billion. To rub salt into injury, the unit price has also fallen to an abysmal level since IPO. The question now is: given the state of play, is it …

Sembcorp Marine share price ripped apart by corruption probe

Sembcorp Marine share price

On 3 July 2019, Sembcorp Marine share price collapsed 9% after revelation that its subsidiary in Brazil, Estaleiro Jurong Aracruz Ltda (“EJA”), had been stormed by the Brazilian authorities. The raid was in relation to a corruption probe, nicknamed “Operation Car Wash”.

Sembcorp Marine share price see red

Sembcorp Marine to ride out the storm

After the news broke, I fear the worst for Sembcorp Marine share price.

Sembcorp Marine share price

The corruption crackdown came at a time when Sembcorp Marine is still struggling to handle the industry slump. The timing is definitely bad because it is nearly light at end of tunnel for Sembcorp Marine share price as oil price had recovered to a reasonable USD70 per barrel level in recent months. The latest bombshell is an unexpected setback for the oil rig builder. No wonder investors are riled by the latest news.

Should investors brave the storm with Sembcorp Marine or run for their lives? Make no mistake, it had been a long winter for Sembcorp Marine share price. Five years to be exact. For those who refuse to cut loss in this counter, they must brace themselves for yet another roller-coaster ride.

Sembcorp Marine share price walloped

Obviously, the big …

Hyflux to sink or swim with SembCorp Industries?

Cache Logistics trust

So PUB had taken over Tuaspring Desalination Plant in May 2019. Since then, affected investors never had a good sleep. But that does not really mark the end of Hyflux saga. While the spotlight had been on the Tuaspring Desalination Plant, it is important to note that Hyflux is more than just Tuaspring alone.

Hyflux saga stinks to the high heaven

The embattled home-grown water treatment company also has Tianjin Dagang in China, TuasOne Waste-to-Energy in Singapore and Qurayyat IWP in the Middle East. In this regard, there is still value left in Hyflux. But the burning question now is: should Temasek Holdings, via SembCorp Industries, rescue Hyflux from the ring of fire?

Hyflux

In my view, many signs point to SembCorp Industries becoming the ultimate white knight for Hyflux. Firstly, PUB’s role as regulator is to oversight water operators and develop policies. The function of PUB is not to operate water plants like Tuaspring. Secondly, why should Singapore taxpayers fund the staff salaries and maintenance of Tuaspring? Henceforth, it is only a matter of time that Tuaspring be transferred to a local operator.

In Singapore, SembCorp Industries remains the leading homegrown player in the utility sector, with business segments in …

Singtel share price in dark chapter

Singtel share price

What a ride! Singtel share price had been on a fiery form since the start of the year. From a low of $2.86 in January 2019, Singtel share price rose from the dead to hit the current $3.50. Given the current bullish form of Singtel share price, investors must be tempted to enter this counter. But before getting carried away, investors must be wary of walking into a trap.

Make no mistake, there are very few companies in South East Asia that boost 690 million mobile customers like SingTel. On this basis alone, SingTel is considered a force to be reckoned with in the region. The truth is that Singtel is a good company to invest for the long-term but it does not mean that investors should buy the stock indiscriminately without strategy. You need to be careful with your monies and determine the right entry level for Singtel share price.

Singtel share price

Singtel share price in turmoil

Singtel share in for terrifying ride

Lately, management had gone on a charm offensive by announcing massive pay cut for the CEO and dangling the possibilities of unlocking the value from its loss-making ventures – cybersecurity and digital life businesses. The market went into …

AIA Triple Critical Cover Insurance

AIA Triple Critical Cover

According to the Singapore Cancer Registry Annual Report 2015, about 35 Singaporeans are diagnosed with cancer every day. This is a frightening statistic which gives me countless sleepless nights. As a sole breadwinner, it is important that I am covered adequately so that my family will not be financial affected if I am struck with anything untoward. In my last update on my insurance coverage in 2018, I revealed that I had purchased an endowment plan from NTUC Income. But I have forgotten to update that I had also purchased AIA Triple Critical Cover.

In this article, I will share my motivations for buying AIA Triple Critical Cover. I will also share the merits and limitations of AIA Triple Critical Cover. Note that this article is not sponsored by AIA nor am I giving any financial advice. I am just sharing my personal experiences. Readers should engage financial consultants if in doubt because everyone’s financial situation and needs are different.

AIA Triple Critical Cover

What attracted me to buy AIA Triple Critical Cover insurance was because of its unique selling point of ‘Power Reset’ feature, which restores the critical illness coverage amount back to 100% even for early stage critical illnesses. However, there …

The Largest Forex Trading Markets in the World

best forex CFD brokers

The foreign currency exchange market is a global financial phenomenon. Global forex trading sessions are split into three main geographic regions: the London session (European), the US session, and the Asian session.

Each of these centres has its own particularities and unique traits. Because of this reason, traders have the opportunity to adapt their strategies and trading approaches, depending on what trading session is open at the time they exchange currencies. Getting a better understanding of these trading sessions allows traders to anticipate which the volatility and stagnation periods will appear.

best forex CFD brokers

The main forex trading sessions

Traditionally, the largest forex trading markets of the world establish the trading sessions. This way, we and differentiate between the Asian session, the European session, and the US session. Because these sessions take place at different times of the day, they are dynamic and change a lot in those intervals. And so, traders can adapt their strategies, depending on the hours of the day.

  • The Asian Session, with the hot spot in Tokyo, is open between 00:00 and 09:00 GMT.
  • The European Session, with the trading capital in London is active between 08:00 and 17:00 GMT.
  • The American Session, with headquarters

Capitamall Trust (CMT) share price in berserk form!

CapitaLand share price

Can anything stop Capitamall Trust (CMT)? CMT share price is simply irresistible as it went on a rampage multi-years bull run. From IPO price of $0.96 to the current $2.60, CMT share price had defied gravity as it consistently rose through the years. Nevertheless, the supreme form of the unit price has somewhat dimmed the yield, which has fallen to 3.7%. Is it the right time to enter CMT?

CapitaLand Mall Trust in explosive form!

While the surging CMT share price is a happy news for existing unitholders, new investors who are keen to invest in Capitamall Trust must be put off at the increasing unit price. In my view, at Price/Book Value of 1.26, I do not think that this counter is overvalued at the moment. In fact, based on my research, Capitamall Trust is considered a low risk counter based on several factors. In this article, I will share my insights on why Capitamall Trust should be a good investment despite the low yield.

CMT share price

CMT share price

The top three major shareholders are Temasek Holdings (29%), BlackRock (8%) and NTUC Enterprise Co-operative (2.5%). With such a stellar group of institutional investors, investing in CapitaLand Mall Trust seems like …