Sim Leisure Group debuts on Catalist below IPO price
Sim Leisure Group Ltd commence trading today with SGX name Sim Leisure and code URR. Sim Leisure Group Ltd opened on the
Balloting Results
The balloting results shown that there isn't any interest from the public for this IPO.
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.
March 2019 SSB give an average interest rate of 2.18% over the next 10 years and can be applied thru DBS/POSB, OCBC
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.
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.
2019 SSB Rates
Hanwell has been trading below book value. Is it a good investment for long term?
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,
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 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.
Grand Venture Technology Limited announced that it's IPO Garner "STRONG SUPPORT" in its Press Release. 42,918 mil shares
Balloting table as below
Grand Venture Technology Limited commence trading today with SGX name Grand Venture and code JLB. Grand Venture opened on the Catalist board at S$0.27 below its IPO price of S$0.275 a share on Wednesday and close at S$0.270 a share.
The first IPO for 2019. Hope It's a good start for the new year.
Grand Venture Technology Limited is offering 42.918mil shares for its IPO on
Company Overview
Established in Singapore in 2012, Grand Venture Technology (“GVT”) is a trusted manufacturing solutions and services provider for the semiconductor, analytical life sciences, electronics
What's their business
GVT provide manufacturing solutions and services provider for the semiconductor, analytical life sciences, electronics and other industries.
How do GVT fare in the business
The loss in FY2015 is due to low production volume as GVT is fulfilling the audit and accreditation process to be an approved vendor and to clear first articles inspections of certain new customers and products. FY2016 GVT ramp up their production causing the gross profit to increase.
GVT is listing at PE ration of around 11.2 PE and $0.078 NAV which is quite expensive compare market cap to equity.
What is good about GVT
What is not so good about GVT
Conclusion
At an expensive listing price, I feel that It's not worth to invest and the risk of raw materials supply and pricing. The profit margin might not be as current and might see a big drop
As the new year start, It means that my CPF will be collecting interest for the balances in 2018.
2019 is the year that I cross over to 35 years old which mean my OA contribution will be reduced and adjusted towards SA and MA. Which I think is a good move as It's preparing me towards retirement and allowed me to earn 5% interest without risk.
For the interest of 2018, CPF paid me a total of $4309.12 across all three accounts. Unfortunately, my OA is almost empty and not earning much interest due to the mortgage loan which I still have to serve for another 27 years.
No place to park your excess funds and want a flexiable place to park while gain a decent yield. SSB is the place for you to park your funds.
February 2019 SSB give an average interest rate of 2.2% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as "SBFEB19 GX19020V" in your CDP statement and "CDP-SBFEB19" in your bank statement.
The 1st interest payment will be made on 1 Aug 2019, and subsequently every six months on 1 Aug and 1 Feb every year.
This month SSB is still limit at $100,000 per CDP account and is not available for CPF and SRS account.
Yearly and average interst rate as below
2019 SSB Rates
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 ...
