This is largely contributed by my Japan trip spending of $2710.40.
$411.36 was spent on food which I'm trying to bring it down to below $300.
$321.41 was spent under Groceries and I think I can bring it down to below $200 as I only cook during weekends
Total for Food and Groceries is $732.77. I am going to budget myself and bring the total to be less than $500/mth.
This will be a short write up on what's the different in HDB fire and Home insurance and the price plan for Home insurance.
HDB Fire Insurance
HDB home owners must buy and renew the HDB fire insurance for your homes, for as long as you have an outstanding HDB loan.
The HDB fire insurance covers the cost of reinstating damaged internal structures, fixtures, as well as areas built and provided by HDB. It does not include home contents such as furniture, renovations and personal belongings.
The current appointed insurer for the HDB Fire Insurance Scheme is FWD Singapore Pte Ltd and the insurance is valid for a 5-year period; renewal is done once every 5 years.
From 16 August 2019 to 15 August 2024, the 5-year premiums (including 7% GST) are as follows:
Home Insurance Plan
Home Insurance provides coverage for the building, fixtures, fittings as well as renovations and your household content. Its a good to pair the compulsory HDB Fire Insurance with a home insurance plan so that there's comprehensive coverage for your home.
I did some research and purchase from AIG. Since I got some data, I might as well share in here so readers can benefit from It.
| Plan Name | Household Contents | Building Covrrage | Personal Liability | Personal Accident | 1 Year Plan | 2 Year Plan | 3 Year Plan | 5 Year Plan |
| AIG Enhanced Public Housing Contents | $150,000 | $100,000 | $400,000 | $20,000 | $70.62 | $353.10 | ||
| FWD Home insurance | $100,000 | $120,000 | $500,000 | $20,000 | $161.38 | $314.69 | ||
| Tiq Home Insurance | $90,000 | $98,200 | $500,000 | $50,000 | $131.26 | $374.10 | $557.89 | |
| HLAS Home Protect 360 Silver | $100,000 | $100,000 | $500,000 | $35,000 | $381.96 | |||
| MSIG Enhanced Home PlusStandard Plan | $80,000 | $115,000 | $100,000,000 | $75,000 | $158.90 |
Conclusion
The reason why I choose AIG is cause they offer competitive rates for 5 years premium at $353.10 and there will be a $50 shopping vouchers if you took up their 5 years plan. Another reason will be I do not like to source for insurance yearly.
Lendlease Global Commercial Trust Management is offering 387.5 mil shares for it's IPO on SGX Main Board at $0.88 per shares. The public offer opens on Sept 25 at 9 pm and closes on Sept 30 at 12 pm and expected to list on Oct 2.
Business Overview
The Lendlease Group is a leading international property and infrastructure group, with operations in Australia, Asia, Europe and the Americas. Headquartered in Sydney, Australia, the Lendlease Group has a strong track record of helping deliver innovative and sustainable property and infrastructure solutions globally, with a core expertise in shaping cities and
creating strong and connected communities.
Lendlease Global REIT will comprise a leasehold interest in one retail property located in Singapore and a freehold office property located in Milan, Italy. The properties are value at approximately S$1,405.3 million as at 31 July 2019.
The details of each of these properties are as follows:
Balanced Lease Expiry Profile
A total of 12.2% of the existing leases of the IPO Portfolio by
leased NLA as at 30 June 2019 will expire in FY2020 and FY2021 and a total of 43.0% of the existing leases of the IPO Portfolio by Gross Rental Income for the month of June 2019 will expire in FY2020 and FY2021.
Sky Italia holds a single lease over the Milan Property, Sky Complex, which it has held since 2008. Sky’s current lease term extends until 2032, which assists in underpinning the income stability of the IPO Portfolio.
Top 10 Tenants by Gross Rental Income
The IPO Portfolio has a high quality and well-diversified committed tenant
base of 150 tenants across 14 trade sectors. Approximately 71.1% of Lendlease Global REIT’s Gross Rental Income will be derived from a multi-tenanted property based on Lendlease Global REIT’s Gross Rental Income for the month of June 2019.
Committed Occupancy
The IPO Portfolio has a committed occupancy rate of 99.9% as at 30 June 2019. The Properties have been successful in maintaining a consistently high committed occupancy rate of at least 99.0% since 2016.
Financial Highlight
Based on the Offering Price, assuming that the Over-Allotment Option is not exercised. Excess of $33 milion will be use as working capital.
The Forecast and Projected Statements of Profit or Loss for the Lendlease Global REIT Group for FY 2020 and 2021 before adjustment will be negative $15 millions and profit $45 millions.
Dividends yield will be 5.80% and 6.01% for FY 2020 and FY 2021.
Conclusion
I like the tenants 313 is currently having like Food Republic and Hai Di Lao. Not forgetting the other top contributors to the GRI also for Sky Complex the occupancy is 100%. The dividend yield is also decent to me.
However, Sky Italia GRI is close to 30% which can be quite worrying if they decided to pull out from the lease.
No place to park your excess funds and want a flexible place to park while gaining a decent yield. SSB is the place for you to park your funds.
Learn how to make use of SSB bond ladder to gain additional interest with DBS Multiplier.
This month issuance is the worst interest in 2019 at 1.68%
Aug 2019 SSB gives an average interest rate of 2.01% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as “SBAUG19 GX19080E” in your CDP statement or “GX19000E” in your SRS statement and “ CDP-SBAUG19 ” in your bank statement.
The 1st interest payment will be made on 1 Feb 2020, and subsequently every six months on 1 Feb and 1 Aug every year.
If you invest $1000, you will receive $202 in interest if you hold the bond till maturity in 2029.
Yearly and average interst rate as below.
Past Month SSB Rates
ST Group Food Industries Holdings Limited is offering 30.077 mil placement shares for its IPO on Catalist at $0.26 per share. The IPO write up is available here.
The board of directors is pleased to announce that, as at the close of the Application List at 12.00 noon (Singapore time) on 1 July 2019, all the 30,077,000 Placement Shares available for subscription have been validly and fully subscribed for and application monies received for these Placement Shares amounted to S$7.8 million. There is no update on the number of times oversubscribed.
The allocation of placement shares is as follow.
Mr. Saw Tatt Ghee (蘇達義), Executive Chairman and CEO of the Company, said,
We would like to extend a warm welcome to all our new shareholders. Thank you for your vote of confidence, and for believing in the growth story and future of ST Group. We are extremely excited to embark on this new journey with you. Our status as a listed company provides us a platform to enhance the visibility of our brands across our key geographical markets. Alongside the enlarged capital base from our successful listing, we believe we are now better-placed to build on our successes over the past seven years and elevate our business to the next level.
Placement of 30,077,000 Placement Shares at S$0.26 each, payable in full on application.
ST Group Food Industries Holdings Limited is offering 30.077 mil placement shares for its IPO on Catalist at $0.26 per share. Market capitalization based on 246 mil shares is S$64 mil. The offer will close on 1st July at 12 noon and start trading on 3rd July at 9 am.
Business Overview
The Company with a history dating back to 2011, It is an established F&B group headquartered in Australia, which owns exclusive franchise and licence rights to the following 6 internationally popular F&B brands or concepts in various territories in Australia, New Zealand, Malaysia and England, United Kingdom – "PappaRich", "NeNe Chicken", "Hokkaido Baked Cheese Tart", "Gong Cha", "IPPUDO" and "iDarts". We have also developed 2 of our own brands – "PAFU" and "KURIMU".
The Company has 38 owned outlets, 63 sub-franchised / sub-licensed outlets and cover 4 geographical markets.
Financial Highlight
Base on the offered document, the group has been growing steadily on their revenue on average by A$6 mil yearly from FY2016 to FY2018. Just HY2019 the revenue is A$24 mil and we could see that there is a possiblities it can hit A$50 mil when FY close.
Valuation
Based on the price of the Placement Shares and the Group’s historical net earnings per share for the financial year ended 31 December 2018, the Group’s price-to-earnings ratio, calculated using it's pre-IPO issued and paid-up share capital is 19.5 times and PB is 4.26 times.
Conclusion
52% of the group outlets in Australia and New Zealand are
leased from landlords of major shopping centers. The group also has a central kitchen which will serve the operations in Australia and New Zealand.
What I like about their operating model is the sales are generated by F&B retails and they are not overly dependent on major customers. The group will also expend into Malaysia by setting up a central kitchen and corporate office to support the business in Malaysia.
TrickleStar Limited is offering 15m placement shares for its IPO on Catalist at $0.26 per share. The IPO write up can be read here.
The placement shares are fully subscribed at 12.00 noon on 14 June 2019.
The balloting results as below.
Total expenses for November is $5191.62. This is largely contributed by my Japan trip spending of $2710.40. $411.36 was spent on food which ...
