The STI gained 1.6% for Feb at 2,949.04; Optimism came from vaccine news, pessimism from higher bond yields; Wall St’s all-time highs on Wed were erased by fears of rising rates; Wilmar announced record dividend; Sembmarine hopeful that worst of writedowns is over; CapitaLand reported first-ever loss; OCBC and UOB reported lower 4Q profits; Writedowns for Sincere Property dragged CDL into the red. Opposing forces set the direction As the month of February unfolded it became apparent that direction would be set by two opposing forces. On the upside was optimism surrounding vaccine rollouts and development, whilst on the downside was pressure from rising bond yields that came because of an improving economic outlook – although the 10-year US Treasury yield was down 6 basis points at

1. SPH Reit  --  13th Jan 2021  (Business Update)2. First Reit  --  14th Jan 20213. CICT  --  21st Jan 20214. Frasers Cpt Trust  --  21st Jan 2021  (Business Update)5. SGX  --  22nd Jan 20216. Kep Reit  --  25th Jan 20217. Mapletreelog Trust  --  25th Jan 20218. Parkway Life Reit  --  25th Jan 20219. Kep DC Reit  --  26th Jan 202110. Suntec Reit  --  26th Jan 202111. Kep Pac Oak US Reit  --  27th Jan 202112. Kep Infra Trust  --  27th Jan 202113. Ascott Reit  --  27th Jan 202114. MapletreeCom Trust  --  27th Jan 2021  (Business Update)15. Kep Corp  --  28th Jan 202116. Starhill Global Reit  --  28th Jan 202117. MNACT&n

Biden’s peaceful inauguration brought some support; STI climbed above 3,000 on Thursday but fell back on Friday; Wall St’s fall on Friday attributed to Fauci warning about new virus strains; Singapore govt keeping close eye on property market; Takeover offer for Sunningdale Tech was raised; CDL expects material impairment loss from controversial Sincere investment in China; Oceanus was in play, drawing SGX query Biden assumes US presidency peacefully, market hopes for stimulus soon There was a sense of relief last week that the inauguration of new US President Joe Biden passed without any problems. This helped bolster sentiment on Wall Street, where the mood remained positive that the incoming administration will soon put into placed a large stimulus package. However, as the week pr

 Valerie KorFri, 15 January 2021, 6:00 amSINGAPORE (EDGEPROP) - The top loss of the week during the week of Dec 29, 2020, to Jan 5, 2021, was incurred by the seller of a four-bedroom unit on the seventh floor at St Regis Residences Singapore in District 10. The 2,594 sq ft unit was bought in December 2007 for $8 million ($3,084 psf) and sold on Jan 5 for $4.8 million ($1,850 psf). The seller therefore saw a 40% loss of $3.2 million, which is annualised at 3.8% over 13 years.St Regis Residences Singapore is a 173-unit condominium along Tanglin Road. Developed by City Developments, it is located next to The St Regis Singapore hotel and is a short drive to the Orchard Road shopping belt and Tanglin Mall. The 999-year leasehold project was completed in 2008.

Explosive end to the week saw the STI gain 5.3%; The push came from the US, where Democrats won control of Senate; Market now hopes for more US stimulus, Wall St at all-time high; Bank stocks in play as US Treasury yield curve steepens; Share buybacks in 2020 rose 75% versus 2019 to $1.03b; A week of two halves as the STI nears 3,000 Football matches sometimes play out in two contrasting halves, the first sometimes dominated by one team and the second by the other. As far as stock markets were concerned, the same description applied for the first week of 2021. Certainly, that it was a week of two halves was very much the case for the Singapore market – the first half was a quiet and sedate few days during which nothing much happened, the second, an explosive surge brought on by unexpe

Updated on January 8, 2021 to indicate that the initial investment in the Sincere Property Group through interest-bearing loans to be converted to equity was made in May 2019. By Mak Yuen Teen City Developments Limited (CDL) is, to many people, the pioneer and flag bearer of the sustainability movement in Singapore and has received numerous ESG-related accolades in Asia and globally. Source

The recent reporting of the saga revolving around the continuous resignation of more directors of City Development Limited ("CDL") since the acquisition of a 51% stake in a Chinese real estate developer, Sincere Property Group, lead to a very rare word being utilized in writing these days.The investment into the loss making Sincere Property Group in FY2020 has cost CDL a total of S$1.9 billion as at Oct 2020 which included S$895Mil for its 51% stake , S$303Mil for subscription of bonds and another S$133Mil in working capital loan. CDL will need to take into the account the loss given its 51% controlling stake to its consolidated accounts. In October last year, CDL shocked the market when it announced that a long standing director, Mr Kwek Leng Peck had resigned from the board mainly due to

Performance of Straits Times Index (STI) Constituents in 2020 The Straits Times Index (STI) ended 379.02 points or 11.8% lower at 2843.81 in 2020.(compared to 3222.83 on 31-Dec-2019)Top Performers in 2020: Keppel DC REIT, Venture Corp, Mapletree Logistics Trust, Wilmar International & Mapletree Industrial Trust. Least Performers in 2020: Singapore Airlines, Jardine Cycle & Carriage, SingTel, ComfortDelGro. Most Volatile: Keppel DC REIT, Singapore Airlines, Sembcorp Industries. The STI's 30 constituent stocks are: ASCENDAS REIT (A17U.SI); CAPITALAND (C31.SI); VENTURE CORPORATION (V03.SI); CITY DEVELOPMENTS (C09.SI); SINGAPORE EXCHANGE LIMITED (S68.SI); UOB (U11.SI); SEMBCORP INDUSTRIES (U96.SI); DBS GROUP (D05.SI); SINGTEL (Z74.SI); GENTING SINGAPORE (G13.SI); THAI BEVERAGE (Y92.SI);

STI closed at 2843.81DBS  ($25.04)UOB ($22.59)SPH   ($1.13)NetLink Trust ($0.965)SingTel ($2.31)StarHub ($1.31)CityDev ($7.97)Keppel Infra Trust ($0.545)Olam ($1.53)SIA ($4.28)SIA MCBZ300608 ($0.972)Keppelcorp ($5.38)SembCorp ($1.71)Sembmarine ($0.143)SIA Engineering ($1.97)CDL Trust ($1.27)AsiaPay TV Trust ($0.119)Capital China Trust ($1.39)Ascendas India Trust ($1.38)Lippo Malls Trust ($0.062)SuntecReit ($1.49)OUE Comm Trust ($0.385)StarHillGlobal Reit ($0.505)MapleLogistics Trust ($2.01)SATs ($3.98)First Reit ($0.235)KReit ($1.12)SoilBuild Trust ($0.535)HPH Trust ($0.26)AscotReit($1.08)SingPost ($0.705)Comfortdelgro ($1.67)Dutech ($0.24)Ezion ($0.046)*SunningdaleTech($1.53)Kimly($0.315)UOL ($7.71)ST Engineering($3.82)SBDEC17 GX17120W (25,000)SBOCT18 GX18100V (13,000)ATREA

Today, we are going to share with you how to invest your CPF Investment Scheme (CPFIS) in a no-brainer way. The best part? You need not be financially savvy to do this. A beginner can do it! And I’ll reveal the exact step-by-step process, which you can follow easily. What is CPF Investment Scheme (CPFIS)? It is to provide options to CPF members to invest their CPF savings in their Ordinary Account (OA) and Special Account (SA) in various instruments such as investment-linked insurance products, unit trusts, fixed deposits, bonds, and shares in Singapore. The average CPF interest rate is 2.5% to 4% for the Ordinary Account. Check the latest CPF interest rate here. Below is the latest CPF rate (1st Oct to 31st Dec 2020).   Share this Infographic On Your Site </p><br /&g

Global stock markets see strong light at the end of tunnel recently with confirmation of Biden as new US president and news COVID-19 vaccine over 90% effectiveness. During early phase of pandemic, Dr Tee students learned to apply defensive dividend stock strategies to consider Asian giant stocks at low optimism (average down strategy), balancing with growth investing / momentum trading (average up strategy) in bullish US giant stocks. The stock market this time is different from last 8 months of V-shape recovery limited to a few sectors (eg. Technology / Software, Healthcare / Glove, etc). There are sectors rotation, focusing more on cyclical stocks (eg. banks and oil & gas) and COVID-19 affected stocks are recovering quickly, resulting in global surge in share prices, over 10-40%

The US Presidential elections was the main focus; Wall Street had its best election rally since 1932; The Straits Times Index surged 155 points or 6.4% to 2,578.68; Most analysts reckon a Biden victory would boost Asian stocks, Singapore included; US Fed kept its policy steady; All three local banks’ Q3 earnings beat consensus estimates; SIA reported record 1H loss of $3.47b; CDL appointed Deloitte to study its investment in Sincere Properties. Biden vs Trump was the central focus Up to the start of the week conventional wisdom was that a victory in the US presidential elections for incumbent Donald Trump would be good for equities because of the business-friendly policies that the Republican party would pursue. Yet even before the elections started in earnest on Tuesday, 3 November,

The absence of a US stimulus deal was main focus for Oct; The STI lost 43 points or 1.7% over Oct at 2,423.84; US President Trump’s positive COVID-19 test played a small part; Trump’s actions surrounding package confused markets; SPH’s shares closed below $1 after company reported first-ever loss; Resignation of CDL director Kwek Leng Peck made headlines; Best World dropped lawsuit against Bonitas Research; Nanofilm debuted with 12.4% gain; Wilmar’s Q3 profit up 20%, proposes special dividend.   The overriding theme for Oct – hopes for US stimulus dashed If there was a central, over-riding theme for last month, it was that markets took their cue from Wall Street and found themselves tracking developments on the US political front, where a stimulus bill was being negotiat

Dear all, Since 19 Oct 2020, City Dev has fallen nine out of ten sessions with a cumulative drop of 20%. City Dev closed at $6.20. Let’s take a look why this City Dev has slumped and why it has caught my attention.   Reasons why City Dev has underperformed The below list of likely reasons is not exhaustive. It is just based on my personal view what may have caused City Dev’s underperformance. 1) Concerns over how much support is required by Sincere Property Group Concerns over how much support is required by Sincere Property Group (“Sincere”) flare up again after the resignation of Mr Kwek Leng Peck as a Non-Executive and Non-Independent Director of City Dev. Mr Kwek resigned, citing a) disagreements with the Board and management in relation to the Group’s investment in Sincere

Dear all It is less than a week from the U.S. election. U.S. markets are understandably jittery. S P500 has fallen 316 points, or 8.9% from its intraday high of 3,550 on 12 Oct 2020 to touch an intraday low 3,234 on 30 Oct 20. In fact, S P500 has tumbled 195 points or 5.6% this week. S P500 closed at 3,270 on 30 Oct. The media has written extensively on the risks surrounding U.S. election since months ago hence the election event risk is hardly a new one. Examples of risks which media has written about is the possibility on contested election results + perhaps unrest and uncertainty over the election outcome.   What is new this week may be a) Stimulus talks have stalled and unlikely to have any concrete stimulus packages before U.S. election. The size and form of the stimulus may differ p

Markets drift while Wall St waits for US stimulus deal; The STI’s rise on Friday meant it gained 4 points at 2,537.39 for the week; Local brokers are bracing themselves for a spike in volatility ahead of the US’s 3 Nov presidential elections; Mapletree Logistics to raise $650m to buy properties overseas; Cathay Pacific to cut 6,000 jobs, close Dragon Brand; Kwek Leng Peck resigned from CDL board; Venture reached 52-week high. Stock markets, especially Wall Street, have become so reliant on bailouts that when there are signs that such help isn’t forthcoming, weakness sets in. Conversely, if there are signs that government or central bank money is on its way, prices rise. This was the case between 2008 and around 2012 during the bailout of US banks because of the sub-prime crisis th

    Over the past few months, we have still seen weakness in the SG property sector.. 📉📉   The 2 heavy-weights counters Capitaland and CityDev are still 𝐬𝐮𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞..   It seems like any short term rebounds are met with more selling and, 😢   buyers are just 𝐍𝐎𝐓 𝐀𝐁𝐋𝐄 to take it up to recent highs or maybe even near to pre-Covid19 prices..   Joey here, Top Tier Remisier in Phillip Securities.       After talking about the different sectors in the Singapore Stock market, some have asked if I can share more about the Property sector.   The question i have been getting is:   "𝐈

1. SIA Engg  --  17th Jul 2020  (Business Update)2. Semb Corp  --  17th Jul 20203. Kep REIT  --  20th Jul 20204. Mapletreelog Trust  --  20th Jul 20205. Kep DC REIT  --  21st Jul 20206. MapletreeInd Trust  --  21st Jul 20207. CapitaMall Trust  --  22nd Jul 20208. Kep Infra Trust  --  22nd Jul 20209. Kep Pac Oak US REIT  --  22nd Jul 202010. First REIT  --  22nd Jul 202011. CapitaCom Trust  --  23rd Jul 202012. Ascendas Reit  --  23rd Jul 202013. Suntec REIT  --  23rd Jul 202014. Frasers Cpt Trust  --  23rd Jul 2020  (Business Update)15. MapletreeCom Trust  --  23rd Jul 2020  (Business Update)16. Mapletree NACT  --  27

The richest in Singapore has bucked the recession’s downward trend to emerge even wealthier than before. Forbes has recently updated their billionaire list and found that the collective wealth of those on the 2020 Forbes Singapore Rich List has risen US$37 billion to $167 billion, even as Singapore is going through a recession. Without farther ado, here are the top 10 richest in Singapore. A departure from previous years, this year’s top list includes names from technology and medical sectors. Read Also: Top 10 Richest People In Singapore 2019: How Much They’re Worth And How They Built Their Fortunes #10 Wee Cho Yaw Net Worth: $5.3B Sector: Banking At age 91, Wee Cho Yaw is a venerable main stay in Singapore’s billionaire list. Currently Chairman Emeritus of United Overseas Bank,

Made in Singapore: 5 Stocks Flying the Singapore Flag High Published On: 4 August 2020 | 12:00 PM Mike Ong, Senior Dealer Mike is a member of the largest dealing team that specialises in Equities, ETFs, CFDs & Bonds, and manages >50,000 client accounts in Phillip Securities. He believes in investing long-term for passive income and evaluates stocks using fundamentals. He is currently the chief editor of the HQ education series that aims to equip clients with tools and skillsets to make better investing and trading decisions. Edwin Choo, Assistant Manager, Dealing As a securities dealer, Edwin specialises in providing equity-related advisory for clients. He applies a wide range of techniques to analyse securities, both technical and fundam