Category: SG Stocks And Shares

News for today 28/6/2019

News for today 28/6/2019:   – Five Things You Need to Know to Start Your Day  https://www.bloomberg.com/news/articles/2019-06-27/five-things-you-need-to-know-to-start-your-day-jxf9pd7f?srnd=premium-asia  – Bitcoin almost wipes out i…

New IPO alert: ST Group Food Industries Holdings

ST Group Food Industries Holdings

ISSUE STATISTICS

Offer Size: 30.077m new shares
Public Tranche: –
Placement Tranche: 30.077m shares
Price: S$0.26
NAV per share (post IPO): S$0.077
Historical PE: 18.6x (FY18)
Market Cap (post-IPO): S$64.0m
Open: 26 Jun 19
Close: 1 Jul 19, 12.00 noon
Trading: 3 Jul 19, 9.00 am (on “ready” basis)

Interested parties, please PM me

Thursday, June 13, 2019

In other news, Bitcoin is up by 20%! Breaking News 07:04 AM Accused by judges, Haitian president denies corruption allegations 07:00 AM Germany raises 6.5b euros from sale of 5G frequencies 06:58 AM US college student killed Chines…

FREE Audiobook: Stock Market Investing For Beginners

 
I was buying books from Amazon this week and I spotted this offer which i think it will be useful for friends of SGSAS. Not just useful, it can be FREE for you if you do the following steps. Took me a while to figure out, so must as well blog it and bookmark it too.
STEP 1: For SG people, to connect to US location get this FREE VPN here.
STEP 2: Sign up for FREE account on Amazon Audible.
STEP 3: Click on here to open that book. It will be FREE under Amazon Audible. Picture below.

Details taken from Amazon:

Let’s get real here: most investors like you LOSE money trading stocks
In fact, so many lose so much money in trade after trade that they simply give up and buy mutual funds. By doing so, they leave their portfolio’s fortunes in the hands of an ‘expert’. Talk about leaving a lot of money on the table.

Seriously. If you park all your investment cash in a mutual fund, you are missing out on SPECTACULAR GAINS. Sure, you can ‘coast’ on an annual gain slightly north or south of 10 to 15 percent but if you were to trade your own account, you can earn many times more than that.

Just how much more can your retirement investment grow if you managed it more actively? How does 1 to 2 percent per day sound? This is possible with active trading.

Indeed, this is possible with the information you’ll find from this book, “Stock Market Investing for Beginners”. This paves the way to you making more money in stocks.

This book delivers on the following…

  • Understanding the basics of stock market investments
  • Get a clear understanding/ analysis of the different investing and trading strategies you can use
  • Learn how to trade with CONFIDENCE regardless of whether the stock market is trending up or down
  • Learn how to make money if the stock you bought sinks or rises in value

Turn your FEAR of losing money in the stock market into an AWARENESS of the tremendous opportunities available to you if you just use the right trading methods and strategies.

These methods & strategies enable you to spot…

  • Stocks about to break out and go up in value
  • Stocks about to crash
  • Best stocks with solid long-term potential that buying them at any price NOW still means you bought them at a BARGAIN
  • Stocks you can continue to buy regardless of how much they sink or fall and STILL make money

See what others say about this book (only a few)-

— This book is intended to help a newbie like you cut through the hype and the fluff and get to the good stuff as quickly as possible.” Thank god, there’s so much convoluted information out there, I just needed something that’ll get me going. No nonsense, just useable steps to get off the ground.- Amazon Customer
— The book includes a good cautionary introduction before you get started. It gives you the tools and strategies you need to get started and provides a lot of valuable information on stock market investing. – Amazon Customer
— I was really afraid to invest on stock exchange because of lower understanding. But simple language and clear approach of this book have given me the courage to proceed for that. Thanks for such wonderful writings.- Amazon Customer
— Just what I was looking for. Put together very well and easy to understand. Does not get off topic.- Amazon Customer

You worked hard for your savings. Don’t let inflation eat up your savings’ value.

By mastering the information contained in this guide, you can learn to trade for almost PREDICTABLE gains like professionals- whether those gains happen immediately or within a fairly certain period of time.
Stop struggling, hoping and wishing that you’ll spot the NEXT breakout stock. NEWSFLASH: there are a HUGE NUMBER of these. You just need the intelligence and speculation to IDENTIFY THEM and this book teaches you HOW!
Start planning a SOLID FINANCIAL future on the BEDROCK of ROCK SOLID stock trading information!

Get this book today and start on the ROAD TO FINANCIAL FREEDOM AND ABUNDANCE.

 

 

#ebook #audiobook #free

How to PROFIT from a BEAR Market?

HSI opened high only to fall back to the previous closing range. This shows that sentiments are still bearish, with no clear conclusive end to the current trade war.At this rate, there might be a chance for the market to move lower than the day before….

Quick update: Trading resumed

The previous withdrawal was due to incorrect SWIFT codes. Now that my broker has acknowledged, the error is rectified.A new trading account with AxiTrader was set up and I have to say I am quite pleased with the overall experience.I will do up a proper…

Quick update on our FX trades

Just a quick update for my followers.In the process of changing my FX accounts (due to the split of partners), the money has been sent to the wrong bank. Emails have been sent to the broker and they are processing still.We are waiting for the funds to …

What does Hyflux tells us about the Singaporean investors?

Hyflux’s distress may just be the beginning of a series of default risk situations.

The troubles of water treatment firm Hyflux signals more challenging times ahead for the larger Singapore dollar bond market as close to $4b (US$3b) of SGD corporate bonds are set to mature by the end of 2019 and the number is tipped to hit around $13.53b (US$10b) by 2020, according to estimates from S&P.

And these numbers are not plucked from the sky. It is from the article here: https://sbr.com.sg/financial-services/in-focus/hyflux-troubles-trickle-down-nearly-4b-corporate-bonds-mature-end-2019

Before reading further, please understand that this post is not going be discussing how one can recover back the invested money, or to garner monemtum to rally for a change in regulations or what nots. It is just going to be my observations and comments on the Singaporean investors’ mentality, as well as the state of things for Hyflux.

For the uninitiated, it is important to know the company Hyflux. Taken from: https://en.wikipedia.org/wiki/Hyflux which summarised into some simple points:

  1. Hyflux Ltd (Hyflux), founded in 1989 by Ms Olivia Lum is a global environmental solutions[clarification needed] company listed on the Singapore Stock Exchange (SGX), and employs over 2,500 staff in the Asia Pacific, the Middle East, Africa and the Americas.
  2. The company was founded in 1989 by Ms Olivia Lum, Group CEO, President and Managing Director.
  3. In 2006, the company was given the ‘Water Company of the Year’ award, at the ‘Global Water Awards’, by the Global Water Intelligence, UK.

Given the nature of this company, and in the context of Singapore where water supply is a matter of national security, it is not very difficult to understand why many Singaporean investors plonk their life savings into Hyflux. Be it bonds or equities or even preferential shares of Hyflux, investing in any of the mentioned asset classes is deemed as invested into the company, Hyflux.

And for the records on water being the matter of national security, this can be cited from the link here: https://www.gov.sg/news/content/today-online-water-must-be-priced-fully-as-its-a-matter-of-national-security-says-masagos

With all these general understanding and explanations above, let’s now focus on the investors. Of which, a majority are Singaporeans.

In Hyflux Ltd., there are 34,000 of these moms and pops, set to lose most – if not all – of the S$900 million ($665.5 million) they plonked down in the troubled Singaporean water and power firm’s preference and perpetual shares. This information is taken from: https://sg.finance.yahoo.com/news/dont-blame-singapore-investors-hyflux-loss-andy-mukherjee-023106678.html.

These invested shares, preferential or perpetual, yield about 6% plus. In the SG market, this is reasonable and fair. The current market rate of dividend yield is about 3 to 6%, so 6% pa is considered on the high side. Not to mention the investing intention, that is to buy and hold for dividends. As such, the price of the security does not fluctuate very much. In fact, there are no transacted volume on some days.

Starting from 2011, investors were happy. There were no qualms about it. As illustrated below, the dividends are smooth and stable. That is what investors like about, aint it?

First signs of trouble came on 21 May 2018. The shares as well as other asset classes belong to Hyflux are suspended. Hyflux applied for court supervision to reorganise liabilities and businesses the next day. The company’s earnings had been hit from “prolonged weakness” in the local power market due to the Tuaspring project, the first integrated water and power project in Asia, making losses in 2017 and first quarter of 2018, as an oversupply of gas in the Singapore market caused depressed electricity prices.

This is typical what companies will do in the event of unsolvable trouble.

On March 30, 2019, people gather to listen to a speaker during a protest on Hyflux Ltd. debt restructuring plan in Singapore. Judging from the picture from https://sg.finance.yahoo.com/news/dont-blame-singapore-investors-hyflux-loss-andy-mukherjee-023106678.html, it is probably 300 people or so.

This rally is significant because it has illustrated clearly that investors are unable to stomach this loss. The suspension of a wonderful dividend yielding asset is a huge blow to investors’ dream and expectations. They had failed to envision the worst case sceranio if the company ran into issues at that point of time before investing.

To be fair, the content of the protest cannot be found online. Likewise, there are no witten or spoken agenda of that protest. However, from the picture below of a banner with the word “Blood Suckers” sprawled across, it can be inferred that the affected investors are seeking every possible avenue to demand their money back. 

The investors in Singapore are too positive and simple when it comes to investing! Risk and return are both sides of the coin. No matter how you split the coin into a half, there will always be 2 faces to the coin. One cannot simply have great returns without great risks!

Using a crude analogy: investing, trading, speculating, fundamental investing, technical reading, whichever one calls it, it has a certain degree of risks and probability in it. From the past to the future and beyond, risk and return come hand in hand. Similar to a game of dice, the simple gambling game of guessing big or small, if the investor/trader/speculator has placed bets on a certain position, the participant cannot recall back the money or worse, urging others such as authorities to assist in recovering the lost bet. By doing so, it just being a bad loser.

Yet this actually happened in Hong Lim Park.

Do understand it is NOT the intention here to put salt in the wound and to mock and jeer of the monetary loss of investments in Hyflux. It is also not the intention here to be on the high horse acting smart, or worst, being a clairvoyant who is able to read and see the future congratulating those who did not invest in Hyflux. The observation here is on how extreme the investors are to the extent of urging authorities to assist in recovering their money back.

While it is right to attempt to recover the lost money, it has to be of the right and fair methods. Their demand that the Singapore government should step in has been a nonstarter, even after some of them even organized a rare protest at the city’s Speaker’s Corner to try to squeeze out a better deal. And that protest actually happened. It is unbelievable.

From the above illustration and actual incidents, it is clear that investors are still rather simple, straightforward and expected to be spoonfed. If they continue to be so, they will never improve and fail to plan for themselves properly.

And to make things worse, it will incur structural changes within the market to stem out such investors in future. More new regulations certainly sounds good. Alas, too many regulations stifle our market. Look at our SG market compared to all major markets now. How can we continue to maintain as financial hub still?

Losing money is upsetting and can never be a good experience. Yet being a bad loser creates a vicious cycle resulting in ignorance and greive for everyone around, like a drowning man dragging everyone down along.

Comments below.

Closure of current FX account

It is unfortunate to announce that SGSAS has to change the FX account holder after operating for the past 6 months. As a result, all the opened positions are to be closed, resulting in lesser net profits.Yet this is not an end in our FX trading plan, o…