March 2019 SSB 2.18% for 10 year and 1.95% for 1 year

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.

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March 2019 SSB give an average interest rate of 2.18% over the next 10 years and can be applied thru DBS/POSB, OCBC and UOB ATMs and Internet Banking. 
This bond will be reflected as “ SBMAR19 GX19030Z ” in your CDP statement or "GX19030Z" in your SRS statement and “ CDP-SBMAR19 ” in your bank statement.

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The 1st interest payment will be made on 1 Sept 2019, and subsequently every six months on 1 Sept and 1 Mar every year.

If you invest $1000, you will receive $220 in interest if you hold the bond till maturity in 2029.

Yearly and average interst rate as below.

March SSB

2019 SSB Rates

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Hanwell Holdings DM0 worth to buy?

Hanwell has been trading below book value. Is it a good investment for long term?

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Hanwell Holding Businesses

Hanwell is one of Singapore’s and Malaysian's key players in the manufacturing, brand management and marketing of fast moving consumer goods (FMCG).

In Singapore, Topseller is distributing famous brands like Royal umbrella rice, Golden Circle oil and brands like Kao and Lion. Tipex is distributing
Beautex tissue and diaper brands Pet Pet and Fortune with Tofu and Noodles.

In Malaysia, SOCMA distributes Mentos, Chupa Chups, Smint, Fruitella, Tao Kae Noi, Tai Sun, Supernut, Mazola, Soyalite, Golden Circle, Harmuni, Indomie and Jia Duo Bao(formerly called Wong Lo Kat).

Hanwell Holdings also own 63.95% of Tat Seng Pkg T12 which is listed in SGX. The company reported revenue of SGD 163,205,000 for the period of first 6 months.

Financial

The group's reported Revenue of S$377 million and S$16 million net profit for end 3rd quarter and an increase of 24.6% YoY.

Hanwell 3rd Quarter Statement

Hanwell Holdings gearing is at 32.70% and debt S$86 million. I personally feel that it's on the high side and should be worrying. The company is currently trading at S$0.22, the NAV is S$0.48. The company is trading at a discount of 55%

Conclusion

Hanwell Holdings is an undervalued stock from my point of view, i believe it is worth more than current market price. Hope 4th Quarter results will be flying color and investors faith will be back.