Retail Investor SG

Are there any good dividend ETF in Singapore?

2013-09-12T02:00:00.000-07:00

Let the figures speak for themselves.

CIMB APAC Div 100     [Annually ~3.7% dividend]
IS ASIA BND 100      [Annually ~4.8% dividend]
IS ASIA HYG100      [Annually ~6% dividend]
X@ db x-trackers STOXX GLOBAL SELECT DIVIDEND 100 ETF [Annually ~3-4% dividend]

CIMB FTSE ASEAN 40     [Annually ~2.8% dividend]
IS LC 1-3Y 100      [Annually ~2% dividend]
IS LC BND 100      [Annually ~3.3% dividend]
IS MSCI SIN 100      [Annually ~3% dividend]
IS S&P500 10      [Annually ~1.7% dividend]

X@ db x-trackers - CSI300 INDEX ETF    [Annually ~1% dividend]
X@ db x-trackers - asia ex japan ETF   [Annually ~0% dividend]
X@ LYXOR ASIA 10     [Annually ~1% dividend]
X@ Lyxor Asia Real Estate    [Annually ~3% dividend]
X@ Lyxor ETF China H 10     [Annually. Inconsistent dividend yield]
X@ Lyxor ETF Dow Jones Industrial Average   [Annually ~1.5% dividend]
X@ Lyxor ETF Eastern Europe     [Annually ~2.3% dividend]
X@ Lyxor ETF MSCI Emerging Markets   [Inconsistent dividend yield]
X@ Lyxor ETF MSCI Europe    [Annually ~2.5% dividend]
X@ Lyxor ETF MSCI Malaysia    [Annually ~1% dividend]
X@ Lyxor ETF MSCI World     [Annually ~1.2% dividend]
X@ Lyxor ETF NASDAQ     [Annually ~0% dividend]
X@ Lyxor ETF Russia     [Inconsistent dividend yield]
X@ Lyxor ETF HSI      [Annually ~2.7% dividend]
X@ Lyxor ETF Japan Topix    [Annually ~1% dividend]
X@ Lyxor ETF MSCI Taiwan    [Inconsistent dividend yield]
X@ Lyxor ETF MSCI EM Latin America   [Annually ~1.3% dividend]

X@ : Synthetic Replicated ETFs and SIP

PS: please validate yourself as data may not be accurate and may contains certain assumptions and estimations.

Details of Singapore Government Bonds

2013-08-13T07:42:00.001-07:00

How to find out about the details of the Singapore Government Bonds:

Go to Singapore Government Securities site: http://www.sgs.gov.sg/
Under the SGS website, go to Statistics and then Daily SGS Prices.
The codes for the 6-month, 1yr, 2yr, 5yr, 10yr, 15yr, 20yr and 30yr bonds will be listed in a table
Go to SGX site: http://www.sgx.com
Under the SGX website, go to Market Information and then Fixed Income
Select SGS Bonds from the pull down

List of SGX traded ETF by country

2013-07-01T23:03:00.001-07:00

This is a list extracted from http://sg.uobkayhian.com/page/site/public/english/content_ETFlistEqu.html for my own convenience. As such, this list will not be updated. Kindly refer to the source for updated info.

Austrailia
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers S&P/ASX 200 ETF	S&P / ASX 200 Index	USD	Deutsche Bank AG
Brazil
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI Brazil TRN Index ETF	MSCI Brazil TRN Index	USD	Deutsche Bank AG
China
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
United SSE 50 China ETF	SSE 50 Index	SGD	Rabobank
db x-trackers FTSE/Xinhua China 25 ETF	FTSE/Xinhua China 25 index	USD	Deutsche Bank AG
db x-trackers CSI 300 Index ETF	CSI 300 index	USD	Deutsche Bank AG
db x-trackers MSCI China TRN Index ETF	MSCI China TR Net Daily USD Index	USD	Deutsche Bank AG
Lyxor ETF China Enterprise (HSCEI)	Hang Seng China Enterprise (HSCEI) Index	USD	Societe Generale Group
Lyxor ETF Hong Kong (HSI)	Hang Seng Index	USD	Societe Generale Group
India
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI India TRN Index ETF	MSCI India TR Net Daily Emerging Markets India USD Index	USD	Deutsche Bank AG
db x-trackers S&P CNX Nifty ETF	S&P CNX Nifty Index	USD	Deutsche Bank AG
iShares MSCI India ETF	MSCI India Index	USD	Citigroup Global Markets
Lyxor ETF India (S&P CNX Nifty)	S&P CNX Nifty	SGD	Societe Generale Group
Lyxor ETF MSCI India	MSCI India Index	USD	Societe Generale Group
Indonesia
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI Indonesia TRN Index ETF	MSCI Indonesia Index	USD	Deutsche Bank AG
Japan
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
Daiwa FTSE Shariah Japan 100 ETF	FTSE Shariah Japan 100 Index	USD	Daiwa Securities Capital Markets
db x-trackers MSCI Japan TRN Index ETF	MSCI Japan TRN Index ETF	USD	Deutsche Bank AG
Lyxor ETF Japan (Topix)	TOPIX® Index	USD	Societe Generale Group
Korea
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI Korea TRN Index ETF	MSCI Korea TRN Index	USD	Deutsche Bank AG
Lyxor ETF MSCI Korea	MSCI Korea Index	USD	Societe Generale Group
Malaysia
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI Malaysia TRN Index ETF	MSCI Daily TR Net Daily Malaysia USD Index	USD	Deutsche Bank AG
Lyxor ETF MSCI Malaysia	MSCI Malaysia Index	USD	Societe Generale Group
Russia
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
Lyxor ETF Russia (DJ Rusindex Titans 10)	DJ Rusindex Titans 10	USD	Societe Generale Group
db x-trackers MSCI Russia Capped Index ETF	MSCI Russia Capped Index	USD	Deutsche Bank AG
Singapore
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
DBS Singapore STI ETF	Straits Times index	SGD	Standard Chartered Bank
iShares MSCI Singapore Index Fund	MSCI Singapore Index	$0.01	-
iShares MSCI Singapore Index Fund	MSCI Singapore Index	$0.01	UBS London AG / Citigroup Global Markets Singapore Securities
streetTRACKS® Straits Times Index Fund	Straits Times Index	SGD	Credit Suisse Securities
Taiwan
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI Taiwan TRN Index ETF	MSCI Taiwan TRN index	USD	Deutsche Bank AG
Lyxor ETF MSCI Taiwan	MSCI Taiwan Index	USD	Societe Generale Group
USA
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI USA TRN ETF	MSCI USA TRN Index	USD	DB Platinum Advisors
db x-trackers S&P 500 Short ETF	S&P 500 Inverse Index	USD	Deutsche Bank AG
db x-tackers S&P 500 Short ETF	S&P 500 Net Total Return Index	USD	Deutsche Bank AG
SPDR Dow Jones Industrial Average ETF	Dow Jones Industrial AverageSM (DJIASM) Index	USD	-
iShares Dow Jones US Technology Sector Index Fund	Dow Jones U.S. Technology Sector Index	USD	-
iShares S&P 500 Index Fund	S&P 500 Index	USD	-
iShares Dow Jones US Technology Sector Index Fund	Dow Jones U.S. Technology Sector Index	USD	UBS London AG / Citigroup Global Markets Singapore Securities
iShares S&P 500 Index Fund	S&P 500 Index	USD	UBS London AG / Citigroup Global Markets Singapore Securities
Lyxor ETF Dow Jones Industrial Average>	Dow Jones Industrial Average	USD	Societe Generale Group
Lyxor ETF Nasdaq-100	NASDAQ-100TM Index	USD	Societe Generale Group
SPDR® S&P 500® ETF	S&P 500® Index	USD	-
Vietnam
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers FTSE Vietnam ETF	FTSE Vietnam Index	USD	Deutsche Bank AG

Region
Asia Pacific
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
CIMB FTSE ASEAN40 ETF	FTSE/ASEAN 40 Index	USD	Citigroup Global Markets Singapore Securities


db x-trackers MSCI AC Asia-Pacific Ex Japan TRN ETF	MSCI AC Asia-Pacific Ex Japan TRN Index	USD	Deutsche Bank AG
db x-trackers MSCI Pacific Ex Japan TRN Index ETF	MSCI Pacific Ex Japan Index	USD	Deutsche Bank AG
Lyxor ETF MSCI AC Asia-Pacific Ex Japan	MSCI AC Asia Pacific Ex Japan Index	USD	Societe Generale Group
Lyxor ETF MSCI Asia APEX 50	MSCI Asia APEX 50 Index	USD	Societe Generale Group
Emerging Markets
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI Emerging Markets TRN Index ETF	MSCI Emerging Markets TRN Index	USD	Deutsche Bank AG
db x-trackers MSCI EM Asia TRN Index ETF	MSCI Emerging Markets Asia TRN Index	USD	Deutsche Bank AG
db x-trackers MSCI EM Asia TRN Index ETF	MSCI Emerging Markets Asia TRN Index	USD	Deutsche Bank AG
Lyxor ETF MSCI Emerging Markets	MSCI Emerging Market Index	USD	Societe Generale Group
Lyxor ETF MSCI Emerging Markets	MSCI Emerging Market Index	USD	Societe Generale Group
Lyxor ETF MSCI EM Latin America	MSCI EM Latin AmericaTM	USD	Societe Generale Group
Lyxor ETF MSCI EM Latin America	MSCI EM Latin AmericaTM	USD	Societe Generale Group
Europe
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers DJ Euro STOXX 50 ETF	DJ Euro STOXX 50 Index	USD	Deutsche Bank AG
db x-trackers MSCI Europe TRN Index ETF	MSCI Europe TRN Index	USD	Deutsche Bank AG
db x-trackers DJ Stoxx® Global Select Dividend 100 ETF	DJ STOXX® Global Select Dividend 100 Index	USD	Deutsche Bank AG
Lyxor ETF Eastern Europe (CECE EUR)	CECE EUR Index	USD	Societe Generale Group
Lyxor ETF MSCI Europe	MSCI Europe Index	USD	Societe Generale Group
Lyxor ETF MSCI Europe	MSCI Europe Index	USD	Societe Generale Group
Global
Exchange Traded Fund	Underlying Index	Trading Currency	Market Maker
db x-trackers MSCI World TRN Index ETF	MSCI World TRN Index	USD	Deutsche Bank AG
Lyxor ETF MSCI World	MSCI World Index	USD	Societe Generale Group
Lyxor ETF MSCI World	MSCI World Index	USD	Societe Generale Group

Charles Booth's Poverty Map of London could be your guide for London Property

2013-05-11T06:33:00.002-07:00

Charles Booth was widely credited for mapping out the various areas of london according to the condition of the people living in those areas at the end of the 19th century, from "vicious, semi-criminal" to "upper classes. wealthy".

Economists find that this "poverty map" is still reflective of current london. Thus, if you are looking for property investment in london, this map could help you identify the areas that are more worthy of your investment.

How to exercise your warrants (convert to stocks), Singapore SGX

2013-04-20T08:10:00.001-07:00

Had been considering converting some of my warrants to the mother shares, but do not have the experience of doing so. Thus had been googling and found these 2 links to be a good guide:

http://wealthbuch.blogspot.sg/2010/09/how-to-exercise-your-warrant-options.html

http://www.sgx.com/wps/wcm/connect/sgx_en/home/depository/retail/FAQ/warrants/Exercising+My+Warrants

Cheap Singapore freehold landed properties???

2013-04-19T23:45:00.002-07:00

Reported in the news on some cheap freehold LANDED properties in Singapore

Question is, are these really real deals at market rate?

Let's take a look at those below $1000 PSF.

Westerhout road is right in the middle of Red light District Geylang, between Lor 16 and 18. Thus it is cheap for a reason. Good for rental perhaps, but probably not ideal for self-stay.

The article itself mentioned that the King's Road deal is probably a related-person transaction and does not reflect market value.

Primrose Avenue (2nd last column is the PSF). Again, doesn't really reflect market value:

Terrace House	1	2,300,000	1,993	Land	1,154	Jul-12
Terrace House	1	3,350,000	2,108	Land	1,589	May-12
Terrace House	1	1,080,000	2,112	Land	511	Dec-12
Terrace House	1	3,550,000	2,651	Land	1,339	Aug-11

Ceylon Road also doesn't reflect market value:

Terrace House	1	2,750,000	1,779	Land	1,546	Nov-12
Semi-Detached House	1	3,928,000	3,339	Land	1,176	Mar-12
Semi-Detached House	1	3,100,000	3,095	Land	1,002	Dec-11
Terrace House	1	1,200,000	1,757	Land	683	Dec-12
Detached House	1	5,200,000	4,635	Land	1,122	Feb-13
Terrace House	1	2,528,888	1,801	Land	1,404	Jul-12
Terrace House	1	1,200,000	1,781	Land	674	Oct-12
Terrace House	1	4,038,000	2,350	Land	1,718	Mar-12
Terrace House	1	2,850,000	1,763	Land	1,616	Dec-11

The list published are most likely very run down houses, or related-person transactions.

Singapore Property News that you can use

2013-04-19T23:28:00.000-07:00

Some recent data published in news recently that caught my attention.

1) List of Private Properties launched in 2012 and their average launch price

Fret not if you can't see clearly. All the data are available at URA. Follow this link:

https://www.ura.gov.sg/realEstateIIWeb/price/submitSearch.action

2) List of Private Properties launched in 2013 and their average launch price

3) Rock structure of Singapore Land. Useful if you are paranoid of earthquakes.

MDR, Rowsley

2012-12-21T23:04:00.004-08:00

MDR: http://www.reuters.com/finance/stocks/financialHighlights?symbol=MDRT.SI

P/E Ratio (TTM) 15.12
Price to Sales (TTM) 0.32
Price to Tangible Book (MRQ) 2.61
Price to Cash Flow (TTM) 14.83
Quick Ratio (MRQ) 1.54
Current Ratio (MRQ) 2.32
Interest Coverage (TTM) 120.56
Almost no debt
Gross Margin (TTM) 9.89%
Net Profit Margin (TTM) 1.83%

Not a value play by the above ratios. However, we should look at MDR as a Myanmar telco play as it looks likely (not 100% certainty though) that MDR will become 1 of 4 telco in future. Myanmar has a population of 48m.

Rowsley: http://www.reuters.com/finance/stocks/financialHighlights?symbol=ROWS.SI

It is an investment holding company held by Billionaire Peter Lim. Find out more about them at the company website: http://www.rowsley.com/about-us/

From publicly available news, it is entering a joint venture with another company that is 30% owned by the Johor Royalty and is purchasing a piece of land in Iskandar for development. It will also be acquiring a property developer firm for this purpose through the issue of shares at $0.15 each.

NAV of each share is reported as $0.0372 in the 2012 annual report.

Again not a value play, but the propects of investing in Iskandar is interesting and the potential partnership looks strong. However, the investment capital required for the development is going to be huge and thus there's a good chance that Rowsley will raise capital in the future. Thus will need to have spare cash to pump in if necessary.

Used items trading

2012-12-15T22:45:00.001-08:00

http://singapore.gumtree.sg/

This site offers comprehensive listing and posting of used items for sale. The site is quite well patronised as there are more than 60,000 listing of items.

The categories available are:
- antiques / jewellery / collectibles
- CD / DVD / games / books
- clothes / accessories / baby
- computers / software
- household / furniture
- tickets music / sport / event
- phones
- sports / bicycles / fitness
- tv / camera / audio / music
If you are a property owner that rent out the apartment and need to replace some furniture or electronic items, this is a good place to hunt for low price replacement items.

Koon Holdings rights issue

2012-10-28T20:05:00.001-07:00

Koon Holdings Limited is giving a 3 rights for every 5 shares at S$0.19 for each rights.

Basic info
==========
1) Current ordinary shares (OS): 164,208,000
2) $16,324,000 cash and fixed deposits. This works out to $0.099 cash per OS
3) $52,842,000 total equity. This works out to NAV of $0.32
4) Current share price: $0.205
5) Rights issue shares: 98,524,800

Valuation
=========
Assuming the current share price of $0.205 better reflects the true enterprise value (EV) of the share
rather than the cash per OS or NAV.

Assuming full subscription of the rights issue,
EV of each share after rights issue will be ((3 x $0.19) + (5 x $0.205))/8
= (0.57 + 1.025)/8
= 1.595/8
= $0.199375

Thus the fair value of 1 rights will be $0.199375 - $0.19 = $0.009375

Buying pre-owned game consoles and games

2012-10-13T04:13:00.000-07:00

Came across this shop selling both new and pre-owned consoles and games. Worth taking a look.

http://www.qisahn.com/

Singapore Property Index (1984-2011)

2012-07-14T18:36:00.001-07:00

Source: https://wiki.smu.edu.sg/w/1011t1is428/images/f/fc/Final_report_Ycube.pdf

Source: http://www.singstat.gov.sg/stats/charts/econ.html

The index was rightly baseline as 100 in 1998 after the sharp drop due to Asia Financial Crisis (refer top chart). Subsequently, the index went north as economies recovered.

However, the new low should now be re-aligned to the period of 2008/2009 after the Global Financial Crisis triggered by the housing bubble in US and the collapse of Lehman Brothers. The new baseline would be in the region of 160 for residential properties (refer bottom chart. Note that both charts are not directly comparable but serves as a good gauge).

Given that the current residential properties index is in the region of 200, any decline back nearer the 160 area would be a good buy. It also means that the current down side is about 40 index points, roughly 20%.

Dual Currency ETF on SGX

2012-06-23T21:08:00.002-07:00

There are 7 ETF listed in SGX that is trading in dual currencies.

Some things to note:
1) Since they are listed in SGX, there are no holding costs, unlike buying foreign shares. Thus this is good

2) They are fungible, meaning one can buy in currency A and sell in currency B, vice versa. Again, this is good as you can choose to transact in the currency that is most beneficial to you.

3) Dividend distributions (if any) will be handed out in the primary currency of the listed security. To note.

The 7 ETFs are:
1) CIMB S&P Ethical Asia Pacific Dividend ETF
- Details: http://www.cimbetf.com/index.php?ch=ch_etf_sg&pg=pg_etf_sg_ethical
- Tracks S&P Ethical Pan Asia Select Dividend Opportunities Index.
- The Index is designed to track the performance of ethically conscious, high dividend yielding stocks from the Pan Asia region. To be included in the Index, stocks must have less than 5% revenue exposure to alcohol, gaming, pork, and tobacco. The top 40 highest yielding stocks in the Pan Asia region that meet these criteria are represented in the Index.
- Manager's fee: 0.65% of NAV pa up to max 1%
- Primary current: US$
- Gives dividend annually or more frequently (if any). Newly listed so no dividend record available
- Personal comment for my own reference: I like.

2) CIMB FTSE Asean 40
- Details: http://www.cimbetf.com/index.php?ch=ch_etf_sg&pg=pg_etf_sg_asean
- Tracks FTSE/ASEAN 40 Index
- The Index is maintained by FTSE and represents the 40 largest companies (ranked by market capitalisation) listed on the stock exchanges of Indonesia, Thailand, Malaysia, Singapore and the Philippines
- Manager's fee: 0.65% of NAV pa up to max 2%
- Primary current: US$
- Gives dividend annually (ranging from us$0.23 - us$0.35 per unit). ~3% yield.
- Personal comment for my own reference: I like. However to note that it is Sinagpore heavy (~36%) and Financials heavy (~43%)

3) iShares Barclays Capital USD Asia High Yield Bond Index
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/O9P.htm#
- Fund Size: us$22.36mil
- Management fee: 0.5%
- Dividends: Appear to give quarterly ~us$0.22. ~8% yield
- Personal comment for my own reference: Might be good to have a little investment here for the high yield. Of course, the risk is much higher too.

4) iShares MSCI India Index
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/I98.htm
- Fund Size: US$630mil
- Management fee: 0.99%
- No history of dividends since 2006.
- Personal comment for my own reference: Good for exposure into India, but prefers to have dividends

5) iShares J.P Morgan USD Asia Credit Bond Index
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/N6M.htm#
- Fund Size: us$43.33mil
- Management fee: 0.3%
- Dividends: Appear to give quarterly of ~us$0.12 each. ~5% yield

6) iShares Barclays Captial Asia Local Currency year Bond Index ETF
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/N6L.htm
- Fund Size: us$36.14mil
- Management fee: 0.35%
- Dividends: Appear to give quarterly of us$0.08 each. ~3% yield

7) iShares Barclays Captial Asia Local Currency 1-3 year Bond Index ETF
- Details: http://sg.ishares.com/product_info/fund/overview/SGX/O9Q.htm#
- Fund Size: us$9.4mil
- Management fee: 0.35%
- Dividends: Appear to give quarterly. us$0.04 in feb-12, us$0.05 in jun-12. ~2% yield
- Personal comment for my own reference: Fund size is puny. Don't like.

Lantrovision Rights Valuation

2012-06-13T06:48:00.000-07:00

Lantrovision is giving a $0.01 special dividend per ordinary share (OS), and a 100 to 1 consolidation. After which, each consolidated share (CS) is entitled to 12 rights issue at $0.09 each.

Basic info
1) Current ordinary shares: 2,074,939,000
2) $65,290,000 cash and fixed deposits. This works out to $0.0314 cash per OS
3) $95,983,000 total equity. This works out to NAV of $0.0462

Valuation
Assuming the current share price of $0.032 better reflects the true enterprise value (EV) of the share rather than the cash per OS or NAV (both are higher by the way).

EV per 1,000 OS = 1,000 * $0.032 = $32
EV per 1,000 OS after special dividend = 1,000 * ($0.032 - $0.01) = $22

EV per 10 CS = $22
EV per CS = $2.2

Assuming full subscription of the rights issue,
EV per 13 CS after rights (CSAR) = $2.2 + ($0.09 * 12) = $3.28
EV per CSAR = $3.28/13 = $0.2523

Thus the fair value of 1 rights will be $0.2523 - $0.09 = $0.1623

Monetise your garbage. Karang Guni. Rag and Bone

2012-06-06T03:02:00.000-07:00

Updates on 14th Jun

Turns out that the companies listed under National Environment Agency either do not collect from residential, or they will charge a fee from $100 to $500 for the disposal.

The online karang guni also collects certain items only.

Found a new source:
http://www.faithrecycle.com/contact_us.htm

email: csr@faith-intl.com

Posted on 6th Jun
If you have broken stuff to get rid of, such as broken electronics, there are a few avenues to get some money out of them.

1) National Environment Agency
If you want your unwanted household appliances (e.g. used computers, TV sets) to be collected for reuse/recycling, you may contact one or more of the companies listed at their site here.

2) Online Karang Guni
Check them out here.
24 hours collection service

Formula One (F1) IPO on SGX

2012-05-24T21:50:00.000-07:00

Formula One (F1) is looking to IPO on SGX next month.

Total listing expected to be US$3B. It will be priced in S$ and any dividends will be distributed in S$ as well.

Currently privately owned by private equity firm CVC Capital Partners.

Share is expected to be bundled with a loan note:
- 10% interest rate to shareholder
- mature in 2060
- may be callable

Proceeds of the IPO:
- US$450m will be used to partially repay current debt of US$2.2B

A lot depends on the pricing of the IPO, but the bundled loan note looks interesting. Keep a look up on this.

IHH Healthcare IPO

2012-05-18T02:00:00.001-07:00

Owned by Malaysia's sovereign wealth fund Khazanah.

IHH is one of the world's largest private healthcare providers with 16 hospitals, 3000 beds, 60 medical centres and clinics:

1) Singapore - Mount Elizabeth, Gleneagles, Parkway East Hospitals, Mount Elizabeth Novena Hospital.
2) Turkey - 60% of Acibadem AS, Turkey's largest private hospital with 1750 beds.
3) Malaysia - Pantai Hospitals and International Medical University
4) China
5) India - Apollo Hospitals Enterprise Ltd
6) Vietnam
7) Brunei

Current ownership composition:
1) Malaysia's Khazanah 62.1%
2) Japan's Mitsui & Co Ltd 26.6%
3) Dubai-based Abraaj Capital 7.1%
4) Acibadem chief Mehmet Ali Aydinlar 4.2%

Expected IPO date - Jul 2012. It will be dual listed in Singapore and Malaysia. Indicative price should be available on 1 Jun.

This is definitely something to look forward to to gain a good exposure to the healthcare sector, given raising healthcare costs and aging population in Singapore and China.

Charles Nenners 2012 Updates

2012-05-16T07:45:00.000-07:00

Personally, I don't find his prediction accurate. You can do a quick stock take on his calls through the past articles.

Anyway, these are his updates as of Mar 2012:

The cycle work points to April 19th as the target date for a peak in stock prices. Expect it to be like 2011. The economy seemed strong at the beginning of the year, and then became weak.
Bond market price cycle bottoms in April, and then turns back upward into September. Following that, Bond prices should turn down for many years.
Gold should be at a cycle low in the first week of April.

Previous articles on Charles Nenners here.

Facebook IPO Valuation (Update)

2012-05-16T07:21:00.001-07:00

Facebook had updated their IPO price range from $28-$35 per share to $34-$38 per share.

Many articles out there had estimated the PE to be about 100x.

A quick comparison to the 2 most popular tech stocks:
1) Apple: PE (TTM) = 13.5x
2) Google: PE (TTM) = 18.5x

This makes facebook quick overpriced, given that it is still trying to monetize their business model. As stated in the earlier post, it only makes for speculative trading.

Facebook IPO, Valuation

2012-05-13T01:03:00.001-07:00

Facebook will officially debut on the Nasdaq Stock Market (listed as "FB") on 18th May 2012.

IPO price is expected to be $28 to $35 per share. Of course the trading price on 18th May is expected to be even higher than the IPO price.

Basic Numbers
Revenue: $3.7B
Profit: $1B
Users: 845M
IPO Target: $12B (different numbers reported by articles, from 5B to 13B)
IPO Price (expected): $28 to $35
IPO Shares issue (estimated): 343M (using $12B divided by $35 per share)
Total Class B shares: >2B

Why IPO - Use of Proceeds

"The principal purposes of our initial public offering are to create a public market for our Class A common stock and thereby enable future access to the public equity markets by us and our employees, obtain additional capital, and facilitate an orderly distribution of shares for the selling stockholders. We intend to use the net proceeds to us from our initial public offering for working capital and other general corporate purposes; however, we do not currently have any specific uses of the net proceeds planned. We may use a portion of the net proceeds to us to satisfy a portion of the anticipated tax withholding and remittance obligations related to the initial settlement of our outstanding RSUs, which will become due approximately six months following the completion of our initial public offering. Additionally, we may use a portion of the proceeds to us for acquisitions of complementary businesses, technologies, or other assets. However, we have no commitments with respect to any such acquisitions or investments at this time.

Pending other uses, we intend to invest the proceeds to us in investment-grade, interest-bearing securities such as money market funds, certificates of deposit, or direct or guaranteed obligations of the U.S. government, or hold as cash. We cannot predict whether the proceeds invested will yield a favorable return. Our management will have broad discretion in the application of the net proceeds we receive from our initial public offering, and investors will be relying on the judgment of our management regarding the application of the net proceeds."

This basically says that facebook doesn't really need the money, so it could be a case of cashing out by the key stakeholders.

Dividend Policy
"We have never declared or paid cash dividends on our capital stock. We currently intend to retain any future earnings for use in the operation of our business and do not intend to declare or pay any cash dividends in the foreseeable future."

Patents
For such a prominent company, Facebook seems to have limited patents and IP.

"As of December 31, 2011, we had 56 issued patents and 503 filed patent applications in the United States and 33 corresponding patents and 149 filed patent applications in foreign countries relating to social networking"

"We are currently, and expect to be in the future, party to patent lawsuits and other intellectual property rights claims that are expensive and time consuming, and, if resolved adversely, could have a significant impact on our business, financial condition, or results of operations"

Business Prospect
Given its wide reach and context awareness of its users, the advertising potential of Facebook is huge and could be greater than Google.

Summary
This looks like a speculative trading target since it is not a dividend play and it already has rich valuation.

Alternative Investments

2012-05-02T02:27:00.000-07:00

These are some "exotic" investments featured in Sunday Times dated 29th April 2012

1) Oudh oil from Aquilaria Trees
Who: Asia Plantation Singapore
Min Investment: S$27,500 for 100 trees. Each plantation has 12,000 trees.
Time Frame: 6-7 years
Returns: 19-22% pa.

2) Seaweed Farming
Who: Dynasty Marine Farm
Min Investment: S$4,500 per unit in Sabah
Time Frame: 5 years
Returns: 15% pa

3) Livestock
Who: Salisbury Investments
Min Investment: S$3,100 for 6 cattles reared in Colombia's San Pedro milk region
Time Frame: 1.5 year
Returns: 12-15% pa

Fengshui

2012-01-23T04:07:00.000-08:00

Flying star & 8 mansions Feng Shui analyser for home & office:
http://www.skillon.com/fstar.cfm?direct=1

Tai Sui locations:
http://www.skillon.com/articlesNew.cfm/id/2016

2012 Flying Star Feng Shui Dragon Year - 04 Feb 2012 to 03 Feb 2013:
http://www.skillon.com/articlesNew.cfm/id/2014

Free tools:
http://www.geomancy.net/

LTA MRT LRT Plans

2011-11-19T19:51:00.000-08:00

Last updated on Sep 2011:

Reference:
http://www.lta.gov.sg/projects/index_proj_maprail.htm
http://www.lta.gov.sg/projects/proj_maps_rail_l.htm

Property Types

2011-11-11T02:20:00.000-08:00

Extracted from this post for my own reference:
http://www.sg-house.com/classifieds/property-news-and-knowledge/1133185-singapore-property-glossary-and-common-terms-definition.html

HDB flat has a various types of models and approx. sizes such as:
2 room flat - 45 sq.m ( 1 bedroom )
3 room flat 3S Standard model -54 sq.m ( 2 bedrooms )
3 room flat 3I Improved model -60 sq.m ( 2 bedrooms )
3 room flat 3S Simplified model -65 sq.m( 2 bedrooms )
3 room flat 3NG New Generation model -69 sq.m ( 2 bedrooms )
3 room flat 3A A model -75 sq.m ( 2 bedrooms )
4 room flat 4I Improved model -83 sq.m ( 3 bedrooms )
4 room flat 4S Simplified model -85 sq.m( 3 bedrooms )
4 room flat 4NG New Generation model -93 sq.m ( 3 bedrooms )
4 room flat 4A A model -105 sq.m ( 3 bedrooms )
5 room flat 5I Improved model -123 sq.m( 3-4 bedrooms )
5 room flat 5A A model -135 sq.m( 3-4 bedrooms )
Executive Apartment EA model - 145 sq.m( 4 bedrooms )
Executive Maisonette EM model - 145 sq.m( 4 bedrooms )

Private Apartment - residential unit located in a building occupied by more than one residential unit, built by non-governmental entities. When people refer to Private Apartment, usually it means those with less communal facilities. (see condominium)

Condominium - type of private apartment, with full communal recreational facilities (like swimming pool, tennis court, BBQ pit, etc).
Most of Condominiums and Private Apartments come with good finishing, and usually have car park space, 24hrs security surveillance, intercom systems and sometimes even home automation systems. They start from as small as 450 square feet to as large as 8,000 square feet.

The types of units in private apartments and condominiums are
studio room units - A small apartment usually consisting of one main living space, a small kitchen, and a bathroom.
1 bedroom units
1+1 - 1 bedroom units with 1 maid / study room
2 bedroom units
2+ 1 - 2 bedroom units with 1 maid / study room (2+1)
3 bedroom units
3+ 1 - 3 bedroom units with 1 maid / study room (3+1)
4 bedroom units
4 + 1 - 4 bedroom units with 1 maid / study room (4+1)
Penthouses - A large residential unit located at the highest level of a building with a roof garden.
Maisonette - A 2-level residential unit in a building. The adjoining floors of the units are connected by an internal staircase in the house.

Walk-Up Apartment - residential unit in a building generally 4 to 5 storeys or less. The units on the upper floors are accessible by staircase only as no lifts are provided.

Strata Title is a form of ownership devised for multi-level apartment blocks, which have apartments at different levels or "strata".

Strata Title Schemes are composed of lots and common property. Lots are either apartments, garages or storerooms etc and are shown on the title as being owned by the Lot Owners. Common Property is defined as everything else on the parcel of land that is not comprised in any lot, such as common stairwells, driveways, roofs and gardens etc.

Landed Properties
Residential units with individual ground contact. Types of landed properties:
Bungalow / Detached House -A landed house standing on its own without sharing any common wall or roofing.
Linked House - One of a pair landed houses joined by a common wall separating the car porches of the 2 houses. This common wall is the side wall of the car porches.
Semi Detached -One of a pair landed houses joined by a common wall rising from ground to roof level. This common wall is the side wall of the rooms of the 2 house.
Terrace House - A landed house in a row of not less than 3 houses. Being in between 2 houses, it has 2 common walls.
Corner Terrace House - Tha landed house at the end of a row of terrace houses that normally has a larger land area compared to the other terrace house.
Cul-De-Sac House - A landed house at the end of a large turnaround dead-end road.
Town House - One in a row of not less than 3 residential units having ground contact and common ownership of the land.
Cluster Housing - a hybrid between conventional landed housing and condominium housing. All units have ground contact but with shared facilities similar to those found in condominiums. Cluster housing therefore have Strata Titles.

Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. Until the end of the lease period (often measured in decades - a 99 year lease is quite common) the leaseholder has the right to remain in occupation. Leasehold properties can be bought and sold on the open market.

Freehold is the right in a property to hold it with a perpetual right. In freehold right there is no limit of time to hold the property like in case of leasehold. Also known as "Fee simple" ownership.

Downtrend

2011-10-06T18:51:00.000-07:00

Personally I find the 50 days moving average a clearer signal compared to 20 and 200 days.

Using the 50 days moving average, both S&P and STI are clearly in a downtrend since Aug 2011.

http://sg.finance.yahoo.com/echarts?s=^STI#symbol=^sti;range=1y;compare=;indicator=sma+volume;charttype=candlestick;crosshair=on;ohlcvalues=1;logscale=off;source=;

http://sg.finance.yahoo.com/echarts?s=^GSPC#symbol=^gspc;range=1y;compare=;indicator=sma+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=;

Better to sit tight and wait for reversal before picking up more stocks.