Author: SG Wealth Builder

Retrenchment support from WSG Singapore

Nobody is ever prepared for retrenchment. And when retrenchment strikes, it certainly feels like the end of the world. This is especially so if you are a middle-aged white-collar PMET. With the job market saturated with young graduates and foreign talents, finding a position that matches your last drawn salary could be a challenge. Without retrenchment support, things can spiral out of control. With the unfolding trade war between US and China, Singapore’s economic growth is expected to slow to 0 to 1% this year. Against this backdrop, the job market in Singapore currently looks hazy. According to Ministry...

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[Paywall] Mapletree Logistics Trust (MLT) a dream or nightmare in the making?

Crisis? What crisis? Mapletree Logistics Trust (MLT) rubbished all talks of market downturn as its unit price went on a rampant to smash a record high in July 2019. What a magnificent run! Christmas certainly come early for MLT as it went on a billion dollar shopping spree. Not that investors are complaining of course as the unit price rocketed to a stunning high of $1.65 on 5 July 2019. Subsequently, the unit price was brought down to earth to the current level of $1.60. Those who had bought MLT during its IPO in 2005 would have no regrets....

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[Paywall] BreadTalk share price to sink or swim with Food Junction?

It is the return of the prodigy as BreadTalk’s founder, George Quek, is reclaiming his throne – “Singapore Foodcourt King”. Since my last article on BreadTalk share price, this counter took on a life of its own when the bread company made headline news for splashing out $80 million for the acquisition of Food Junction. Many analysts balked at the price tag and there were plenty of critics claiming that BreadTalk had overpaid for a project that earned net profit of merely $3183. On the contrary, I rate the acquisition positively despite the short-term harm it may cause to...

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[Paywall] HPH Trust in bloodbath with Temasek Holdings

It is case of lightning strike twice for Temasek Holdings! Investors of HPH Trust must be left punching the wall as the unit price of the business trust collapsed following the announcement of HPH Trust being given the boot from the prestigious Straits Times Index (STI) on 5 September 2019. Temasek Holdings is a major shareholder in both HPH Trust and Asian Pay TV Trust. In 2018, unit price of Asian Pay TV Trust plunged after the business trust announced massive cut in distribution. For HPT Trust, the collapse of its unit price should be triggered by both the...

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The I Quadrant blacklisted by Monetary Authority of Singapore (MAS)

Since 31 May 2019, Monetary Authority of Singapore (MAS) has blacklisted The I Quadrant in the Investor Alert List which, according to MAS website, “provides a list of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or regulated by MAS”. The authority stops short of labelling companies in the Investor Alert List as providing scam services or engaged in fraudulent activities. But most Singapore investors should know that it is best to steer clear of those companies listed in Investor Alert List. After all, plenty of local investors had lost...

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[Paywall] Dark side of Lasting Power of Attorney (LPA)

According to a Well-being of the Singapore Elderly (WiSE) study conducted by Institute of Mental Health (IMH), the number of dementia cases in Singapore is estimated to be about 82,000 in 2018. And this figure could rise to a staggering 100,000 in a few years’ time as our population aged rapidly. This is a frightening statistic and hence set the context for the need to consider making a lasting power of attorney (LPA). Life is fragile and unpredictable. You do not know when disaster will strike you. In my previous article, I wrote about how my late Dad’s devastating...

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[Paywall] Singtel share price is so bad its good

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...

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Personal finance: 20 years of winter in Singapore

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...

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[Paywall] SPH share price plunged to record 14-year low

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...

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[Paywall] Sheng Siong share price on a super bull run!

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...

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[Paywall] Yangzijiang share price to sink or swim?

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”. The SGX filing provided nothing specific about the nature of...

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[Paywall] StarHub share price crashed into wall

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...

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[Paywall] DBS Group share price thrashed by big boys

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,...

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[Paywall] OCBC share price lost its way

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...

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[Paywall] Singtel share price 12% plunge left investors in tears

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. On 2 July...

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