SG Investor Hub Blog

Dividend income for May 2017

It’s a big dividend month for us despite the recent sale transactions and portfolio restructuring. Let’s get into it! SGX M1 (B2F): S$360 Starhub (CC3): S$423 Semcorp Industries (U96): S$164 SembCorp Marine (S51): S$55 Vicom (V01): S$148 SPH (T39): S$60 Starhill Global REIT (P40U): S$9 Keppel REIT (K71U): S$60 Dividend income for May 2017: S$1,279 […]

What To Consider When Buying A House

A Step-by-Step Guide to Buying a House Anyone who’s thinking about buying property for the first time may feel overwhelmed by everything they don’t know! There are so many details entailing buying a house which need to be addressed in a specific order. These may be financial aspects, like figuring out how to pay for it, or negotiation of your offer, or legal issues which demand a solicitor’s advice. The final and most satisfying phase, moving into your new home, is easy to reach if you approach each phase of house-buying step by step. Work out how much You can Afford The very first place to start is figuring out your budget for buying a house. This means figuring out how much of a down payment you can afford and calculating the maximum loan amount you can apply for. The amount you can borrow will depend upon the type of house you want to buy and how much you earn. Therefore, it’s a good idea to spend some time working out how much you can afford to spend on a property at the start of the process. Doing this will help you to avoid disappointments or financial problems further down […]

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Upcoming IPOs: World Class Global Ltd and HRnetGroup Ltd

UOB Kay Hian is placement agent for two upcoming IPOs, if you’re interested, please kindly reply me by tomorrow 31/5/2017 5PM indicating your name, account #, which company and number of shares you’re keen to subscribe for:

1. World Class Global Ltd (Part of Aspial Group):

Company is a real estate company that undertakes property development and property investment in major cities in Australia and Malaysia. They are currently undertaking several property development projects, including residential and mixed use developments, and may in future expand our business to include property development in other sectors, including the industrial and hospitality sectors and may acquire new properties in the Specified Region. They may also expand our business to include the acquisition or development of property for investment purposes in the Specified Region, to earn rental or other income.  Notable projects in the pipeline include Australia 108, Melbourne – the tallest building in Melbourne and tallest residence in the Southern hemisphere.
– Offer details

Issue Type n        Initial Public Offering
listing n        Catalist
Offering Size n        136,000,000 shares, comprising:-
n        100,000,000 new shares
n        36,000,000 vendor shares
Offer Structure n        132,020,000 placement shares
n        3,980,000 public offer shares
Overallotment Option n        10,800,000 Shares
Indicative Price n        S$0.25 – S$0.28 per share
RNAV (Analyst Estimate) n        S$464m (Pre listing based on 7% cost of equity)
n        S$491m – S$495m (Posting listing)
  Discount to RNAV  n        53.4% discount at S$0.25
Gross Proceeds n        S$36.7m – S$41.1m (including overallotment)
Share Capital n        805,000,000 shares (Pre-Listing)
n        916,500,000 shares (Including overallotment)
Market capitalisation n        S$229.15m – S$256.62m (including overallotment)
Lodgement 16 May 2017
Book Closes 1 June 2017, 5 pm
Registration 6 June 2017
Listing Date 15 June 2017
End Placee Brokerage: 1.0% & applicable GST payable

– Preliminary offer documents here: http://www.sgx.com/wps/wcm/connect/sgx_en/home/catalodge/20170516+World+Class+Global+Limited

2. HRnetGroup Ltd

– Company is the largest Asia-based recruitment agency in Asia Pacific (excluding Japan), as compared to other key players within the professional recruitment and flexible staffing industry with presence
in Asia Pacific, according to Frost & Sullivan. As at 31 December 2016, company operates in 10 Asian growth cities, namely, Singapore (where our headquarters are located), Kuala Lumpur, Bangkok,
Hong Kong, Taipei, Guangzhou, Shanghai, Beijing, Tokyo and Seoul.
– Brands include Recruit Express, SearchAsia Consulting, RecruitFirst, HRnet One, and PeopleSearch
– Offer details

OFFERING STRUCTURE
ISSUER: HRnetGroup Limited (“HRnetGroup”)
TRANSACTION TYPE: Initial Public Offering (“IPO”)
LISTING: Singapore Stock Exchange (“SGX”)
OFFER PRICE RANGE: S$0.80 – S$0.90 per share
BASE OFFERING SIZE: ~194mm shares, 19.1% of enlarged share capital (pre-shoe)
OVER-ALLOTMENT: ~11mm shares (100% primary), ~1.1% of enlarged share capital
OFFERING STRUCTURE: 100% primary on base offering and over-allotment
TARGET DEAL SIZE: S$155mm – 174mm / US$112mm – 125mm (pre-shoe)
S$164mm – 184mm / US$118mm – 132mm  (post-shoe)
EST MARKET CAP: S$813mm – 910mm / US$585mm – 655mm (pre-shoe)
S$822mm – 920mm / US$591mm – 662mm (post-shoe)
PRO-FORMA SHARES O/S: 1,011mm – 1,016mm shares (pre-shoe)
OFFERING TRANCHE: – Cornerstone shares: ~104mm shares
– Institutional Shares (excluding Cornerstone): ~84mm shares
– Singapore Retail Shares: ~6mm shares
CORNERSTONE TRANCHE: ~S$89mm / ~US$64mm, ~54% of total offer size
7 Cornerstone investors: Aberdeen Asset Management Asia Limited, Affin Hwang Asset Management Berhad, Credit Suisse AG (on behalf of certain of their private banking clients), en-japan inc., FIL Investment Management (Hong Kong) Limited, Meiji Yasuda Asset Management Company Ltd, TechnoPro Holdings, Inc.
BOARD LOT: 100 shares
DISTRIBUTION: Reg S only
LOCK-UP: – 6 months from Listing Date for HRnetGroup, SIMCO (including certain of its direct and indirect shareholders) and Vanda 1(1)
– Certain of the employees to be issued the GLOW Initial Shares, the Opp 1 and Opp 2 Investment Shares, the Opp 1 Loyalty Shares and the Opp 2 Buy-in Shares are subject to lock-up restrictions in respect of certain of their Shareholdings as detailed in the prospectus. 88GLOW post-IPO shareholding: ~3.5% of enlarged share capital
USE OF PROCEEDS: Business expansion and acquisition
BROKERAGE: Up to 1.0% & applicable GST payable by all investors in the cornerstone and placement tranches

Exchange rate used: 1USD = 1.3905 SGD
* Notes: (1)     Vanda 1 is a Heliconia fund. Heliconia is a wholly-owned subsidiary of Temasek that provides growth capital to Singapore’s leading SMEs, to help them become globally competitive companies.
– Indicative IPO schedule

INDICATIVE IPO SCHEDULE
Expected Pricing: June 7
Public Offer Period: June 9 to June 14
Expected Listing: June 16

– Preliminary prospectus here: https://eservices.mas.gov.sg/opera/Public/SD/ViewOfferDoc.aspx?shrID=306ed2dfaf09478a83d531e560ccc05b

1st Crypto Roadblock

I’ve encountered my first cryto roadblock! It is an interesting one, to say the least, and one that can only actually be discovered with 1st hand meddling and play around with the currencies.I had discovered about the Ethereum name service and I wanted…

21 things I learned from AirAsia’s 2017 AGM

Started 16 years ago with only two commercial planes, AirAsia (Bursa: 5099) now flies 174 commercial aircraft covering 225 routes connecting 109 destinations in 18 countries. By the end of this year, shareholders will be proud to know AirAsia will be operating 202 aircraft. With the motto: “Now everyone can fly”, AirAsia has flown 369 […]