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.

Grand Venture Technology Limited IPO - Balloting Results

Grand Venture Technology Limited announced that it's IPO Garner "STRONG SUPPORT" in its Press Release. 42,918 mil shares was 1.3x subscribed. Public shares was oversubscrib at 12,568 mil shares at 15.66x. The IPO write up is here.

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Balloting table as below

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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.

Grand Venture Technology Limited IPO

The first IPO for 2019. Hope It's a good start for the new year.

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Grand Venture Technology Limited is offering 42.918mil shares for its IPO on Catalist at $0.275 per share. These comprise a public tranche of 800,000 shares and a placement tranche of 42,118,000 shares. The IPO will close on 11th Jan 2019 at 12 pm and starts trading on 23rd Jan 2019. The market cap for this IPO is $64.4mil.

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 and other industries. Backed by a highly experienced management team, GVT delivers engineering, assembly, testing and product life cycle management solutions. GVT operates out of its facilities in Singapore, Malaysia (Penang) and the PRC (Suzhou) to serve a portfolio of customers that are some of the largest OEMs in these industries.

What's their business

GVT provide manufacturing solutions and services provider for the semiconductor, analytical life sciences, electronics and other industries.

CVT Business

How do GVT fare in the business

Financial Hightlights

Key Profit and Loss

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

• Good range of products from small high-precision components to large structural components.
• 10-year agreement with SICO Technology GmbH and Sico Asia Quartz Pte Ltd to build up quartz and ceramic machining capabilities which not much competitions in the market with the knowledge.
• Track record in optimizing operations, implementing strategic plans and creating shareholder value
• Losses in FY 2015, other than that YoY is making profit and new components are in production for better margin.

What is not so good about GVT

• Small pool of major customers and they accounted for an aggregate of 78.7%, 92.3%, 89.7% and 94.8% FY2015, FY2016, FY2017 and HY2018 respectively.
• Raw material prices for aluminium and stainless steel fluctuate and will have a significate impact on P&L.

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 compare to current profit margin.

CPF interest 2018

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.

Photo from CPF

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.

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February 2019 SSB 2.20% for 10 year and 1.98% for 1 year

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.

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February 2019 SSB give an average interest rate of 2.2% 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 "SBFEB19 GX19020V" in your CDP statement and "CDP-SBFEB19" in your bank statement.

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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

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MAS increase SSB limit and allow SRS to purchase

Monetary Authority of Singapore (MAS) had announced the limit of Singapore Savings Bonds (SSB) to increase from $100,000 to $200,000 a 100% increase from current policy. Another announcement is you are able to buy SSB with Supplementary Retirement Scheme (SRS) too. Both changes will take effect from Feb 1, 2019.

A new portal "My Savings Bonds" will be launch in March for investors to view their consolidated SSB holdings via the SSB website.

Every month the Government will issue $300 million which mean there should be a slice of cake for everyone. Personally, I had applied for Jan 2019 allocation. The rates can be view over here.