Category: Singapore Stocks Investing
THREE PM-POTENTIAL MINISTERS, UPCOMING CABINET RESHUFFLE: WILL SINGAPORE HAS THREE NEW COORDINATING MINISTERS NEXT?
Dear readers, Prime Minister Lee Hsien Loong announced today that his current cabinet will be reshuffled after the Parliament takes a mid-term break so as to provide more exposure and opportunities for younger Ministers. Needless to say, all eyes will be on the new portfolios which will be given to the three PM-Potential Ministers, namely Mr Heng Swee Keat, Mr Chan Chun Sing and Mr Ong Ye Kung.
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Dear readers, Sembcorp Industries released its new strategy for the future last week arising from the completion of the much awaited Strategic Review of the Group. The highlight of Sembcorp’s new strategy is the repositioning of its utilities business as an integrated energy player. And other than this highlight, there is no inkling from the new strategy on what some of the investors like myself are looking for: the possibility of the privatization of Sembcorp Marine, a subsidiary of Sembcorp Industries since there is no any mention of this. Read more »
Dear readers, just some time ago, Global Yellow Page announced that it will be placing out rights shares priced at 20 cents per share in order to raise some funds for its business expansion. What surprised me was that the right shares at 20cents each was at a premium over the then trading price of Global Yellow Pages stock. Since the announcement of the rights issue, Global Yellow Pages stock price has increased. Based on yesterday’s closing, Global Yellow Pages stock are at 19 cents per share, still below the price of the rights. Read more »
Dear readers, the verdict on the GST hike has been out and Singaporeans should expect to see GST increase sometime from year 2021 to 2025 with the current 7% GST increased to 9%. While GST hike means every one of us has to fork out more for our consumption, I am at least heartened that there is still some time away from the implementation of the increased GST. Read more »