Year: 2020

SPH share price assassinated by short sellers

SPH share price
Anniversary Special Offer

SPH share price is in crisis. 22 June 2020 marked the end of 22 years of journey in the Straits Times Index (STI) for SPH, which was being replaced by Mapletree Industrial Trust. Given that the revamped STI was created by SPH in 1998, the latest development is indeed a terrible setback for SPH share price. But in my view, this move could be a strategy by the management to ward off short-selling attacks.

SPH share price in Halloween nightmare

SPH share price plunged to record 14-year low

SPH share price in disaster

SPH share price

From 2 December 2019, SGX has dramatically reduced the borrowing rates for index stocks from 6% to 0.5%. This means that if SPH continued to remain in the STI, SPH share price will be vulnerable to short-selling attacks. Currently, investors had loaned a massive 19.4 million of SPH shares to the SGX Securities Borrowing and Lending Pool (SBL).

Notwithstanding the above, SPH share price is likely to be bearish in the following months. Former STI comrades like SIAEC, StarHub, Golden Agri and HPH Trust all suffered huge decline in share prices following their exit out of STI. So far, I have not seen any …

TalkMed share price lost its way

TalkMed share price

Anniversary Special Offer Will TalkMed share price ever see daylight? This counter used to be one of the rising stars among the Catalist. With a market capitalization of $554 million, TalkMed is actually one of the largest Catalist stocks in Singapore. Yet, a combination of events caused this healthcare group to fall off the cliff in recent years.

Every dog has its day. TalkMed share price had a good start when it surged from IPO price of $0.20 in January 2014 to hit a high of $1.00 in July 2016. That solid run also saw the Group issuing bonus shares to reward shareholders on the basis of one bonus share for one existing ordinary share back in May 2017.

TalkMed share price

Then all of a sudden, the wheels came off the wagon for TalkMed share price. In June 2017, the Group’s CEO, Dr Ang Peng Tiam. was given an eight-month suspension following the inquiry conducted by the Disciplinary Tribunal of Singapore Medical Council. Dr Ang’s eight-month suspension had a negative impact on the Group’s revenue and earnings in 2017. That news totally knocked the wind out of TalkMed share price. Since then, TalkMed share price had been a shadow of its former …

SG Wealth Builder celebrates 10-year anniversary!

wealth builder
Anniversary Special Offer

In life, time flies. In the blink of an eye, it has been 10 years since I founded SG Wealth Builder! It seems like yesterday when I founded SG Wealth Builder. I can still remember the raw passion and explosive excitement when launching this wealth blog.

A decade had passed and the energy remains amazingly strong. During this period, many fellow bloggers had come and go. Some of them were really outstanding bloggers but fizzled out in no time. Nevertheless, I continued to push on and the brand of this blog grew from strength to strength. Over time, I have also developed a voice that connects with my readers. It is this distinctive voice that attracted readers to keep coming back to this blog and many had become long-time followers.

Value is what attracted readers and followers to SG Wealth Builder. Many people who visited my blog had provided numerous feedback that they had learned useful things that they were able to apply in their wealth building journey. Such compliments often invoked deep sense of self-satisfaction and achievement inside me.

To be able to make a difference in others certainly create a profound feeling. Thus, the motivation …

Preserve wealth amid COVID-19

preserve wealth

COVID-19 has upended the entire global economy and caused millions of people to lose their jobs. Over in Singapore, the Ministry of Trade and Industry (MTI) projected the GDP growth for 2020 to be -7.0 to -4.0 per cent. This is certainly a very frightening period of time in the modern day history. Against this backdrop, is it even possible for a retiree to preserve wealth amid COVID-19?

A retiree who is in his twilight years has a short runway and limited timeframe to build wealth. So at this phase of his life cycle, the strategy should be to preserve wealth instead  growing wealth through the stock market. The recent sharp corrections in the stock market should be a stark warning on how risky the stock market can be, especially for the seniors.

Furthermore, with no active income, it will be a challenge for a retiree to do capital injections into his investment portfolio. So when you reach retirement, it is important to protect your money and preserve wealth. This means that the seniors must look beyond the stock market to preserve wealth and ensure they have enough money to sustain till the end of life journey.

preserve wealth

Maybank 2.05% Fixed

iFAST share price at tipping point?

iFAST share price

Can anything stop iFAST share price? As a fintech company, the history of iFAST is certainly intriguing. The company started life as fundsupermart.com during the dot.com bubble in 2000. The SARS of 2003 and the Great Financial Crisis in 2008 had almost destroyed the business but somehow the company managed to survive. The current COVID-19 pandemic is actually the third crisis for the fintech company but iFAST share price has been rather buoyant instead.

With a market capitalization of only $350 million, iFAST is considered a small cap in SGX mainboard. But considering the minimum debts it has and the aggressive growth strategies, iFAST share price had managed to punch above its weight in recent years.

iFAST share price on steroid!

iFAST share price

Of late, iFAST share price has been in the limelight, presumably because it is one of the nine digital wholesale bank (DWB) applicants to progress to the next stage of assessment by Monetary Authority of Singapore (MAS). Up to three DWB licenses are up for grab. Will digital bank be a game changer for iFAST share price?

Apart from the digital bank adventure, iFAST share price had largely been under the radar for most …

MLT share price at record high

MLT share price

On 29 May 2020, Mapletree Logistics Trust shares were trading at a record high of $2.05. The bullish form of MLT share price is certainly impressive given the unprecedented challenges faced by the S-REIT sector. Then again, the surge of MLT share price has not been linear nor exponential. At the peak of the COVID-19 pandemic in March 2020, MLT share price was mercilessly sold down, causing it nose-dived from $2.00 on 5 March 2020 to $1.20 on 23 March 2020.

Mapletree Logistics Trust in amazing form

Crazy Rich Mapletree Logistics Trust

Scary growth project of Mapletree Logistics Trust

Investors who kept faith with this counter must be smiling to themselves now as MLT share price subsequently regained form after the release of the full-year financial report for FY2019/20. It was revealed that revenue increased 8% year-on-year to reach $490 million while net property income increased 12.6% to $438.5 million.

MLT share price

The positive result gave MLT share price the legitimate reason to continue flying amid the COVID-19 outbreak. Indeed, MLT share price is one of the few exceptions to buck the trend of most S-REITs, which are mostly reeling from the devastating effects of COVID-19 pandemic.…

Legacy planning for my family

legacy planning

Recently, my mom wanted to do up a Will for herself and suggested that we seek the aid of a legal firm. Incidentally, the following day, one of my readers requested me to do a topic on legacy planning. Henceforth, in this article, I will pen down my thoughts and insights on legacy planning. I also hope that readers will benefit from my research on this topic.

Most people tend to procrastinate on legacy planning. Indeed, in life, there are many priorities that take up our time and resources. But you should note that death is an inevitable part of our life journey. If you don’t do a proper legacy planning, your loved ones could be at a loss of what to do if you suffered from an unfortunate event. Just imagine the emotional turmoil and the prospect of navigating through the financial maze when family disaster strikes.

legacy planning

Legacy planning involves more than just crafting a Will. A proper legacy planning also need to factor in retirement planning and the potential event of total incapacitation. A Will is only effective upon the Will-maker’s death while Lasting Power of Attorney (LPA) operates after the donor loses …

Singtel share price to collapse to $1.50?

Singtel share price

4 August 2020 will be destiny day for Singtel share price because it will be ex-dividend day for shareholders to be entitled to the final dividend of $0.0545. All eyes are on that day as shareholders brace themselves for a frightening roller-coaster ride of Singtel share price. But this time round, the correction for Singtel share price will likely to be much severe due to changes made to the SGX Securities Borrowing and Lending (SBL) programme.

Singtel share price in devastating bloodbath

Singtel share price to swim or sink with coronavirus?

Singtel share price in double trouble

Singtel share price faces disaster

With effect from 2 December 2019, SGX replaced the fixed rates for SBL programme. The borrowing rates for index stocks had been dramatically reduced from 6% per annum to a low of 0.5% per annum! The rationale for the adjustment was to make borrowing rates attractive for institutional investors. In my opinion, this is an ominous change for Singtel share price because this counter is a favourite among short-sellers.

Singtel share price

The reason for the volatility of Singtel share price in recent years could be attributed to its considerably large pool of lending shares, which …

Gold price at 8-year high

gold price

Amid the once-in-a-century COVID-19 pandemic, gold price surged to an 8-year high. The last time gold price reached such euphoria level was in 2012. Is it a bubble in the making for gold price or the start of an explosive bull run? Today, SG Wealth Builder is pleased to share an email interview with BullionStar’s Precious Metals analyst – Mr Ronan Manly.

1) Year-to-date, the gold price has soared from USD1,520 per ounce to USD1,730 per ounce. The gain is about 14%. Yet the rise has not been linear. At the peak of the COVID-19 pandemic in March 2020, the gold price dropped to a low of USD1,460 per ounce. What could be the reason?

The US dollar spot gold price, or ‘international’ gold price, is overwhelmingly established based on trading in two specific venues, the London gold market and the COMEX New York gold futures market. Both of these markets trade not real physical gold, but paper gold whose supply can be expanded at will out of thin air. That’s the first thing to remember.

Turning to March, when the wider financial markets saw unprecedented volatility triggered by fears of the pandemic, and when bond yields and equity prices …

Raffles Medical share price in sensational return

Raffles Medical share price

What a sensational return for Raffles Medical share price. The share price of the private healthcare provider was hit badly during the peak of the COVID-19 pandemic outbreak. Like many SGX stocks, Raffles Medical share price exploded to a low of $0.73 on 23 March 2020. Subsequently, the epic USD2 trillion massive fiscal stimulus by US government and the four Singapore Budgets helped to shore up market confidence. These events led to the revival of Raffles Medical share price.

Despite being in the healthcare sector, Raffles Medical share price did not surge during the COVID-19 pandemic like what shares of Riverstone and Top Glove did. Instead, Raffles Medical share price fell like the rest of its peers (Parkway Life REIT and First REIT). The reason for the decline of share price of hospital operators is because the COVID-19 pandemic resulted in countries being locked down, thereby affecting patient loads.

Raffles Medical share price

Parkway Life REIT walloped Raffled Medical share price

Raffles Medical share price in state of emergency

Can Raffles Medical share price ever rock again?

Raffles Medical share price was particularly affected by the COVID-19 because it owns two hospitals in China, the original epi-centre of the …

SIAEC share price to soar on SIA privatization?

SIAEC share price

What a gut-wrenching ride. SIAEC share price staged an impressive come-back as it surged from a low of $1.50 on 23 March 2020 to the current $2.20. The uptick in SIAEC share price represented a whopping 46% increase. Is it the right time for parent company, Singapore Airlines (SIA), to launch a privatization of SIAEC?

SIAEC plunged into hell

SIAEC share price and ST Engineering in bizarre tales

SIAEC share price in bloodbath with Temasek Holdings

SIAEC share price

The major catalyst for SIAEC share price is the potential privatization by SIA. Rumour of privatization had been ongoing for several years as SIA CEO Goh Choon Phong aggressively consolidated SIA’s portfolio assets in a bid to rationalize cost and create synergy among the Group entities. The consolidation effort saw SIA Cargo and SilkAir being integrated into SIA while Scoot and Tigerair merged. SIAEC could be the next integration initiative following the massive rights issue of SIA.

SIA currently holds 77.4% of SIAEC shares. When the SIAEC share price plunged to $1.50 on 23 March 2020, the Price/Book Value was at a very attractive level of 1.05. At that point of time, it would make sense for SIA to …

SATS share price crashed to 5-year low

SATS share price

Is it the end of the road for SATS share price? The aviation ground handling service provider is severely hit as the COVID-19 pandemic causes the entire air travel to come to a grinding halt. As a result, SATS share price plunged to a 5-year low.

SATS share price

SATS flying high in 2016

My last coverage on this counter was in 2017. That was when SATS share price was flying high and was trading at the $5.00 bandwidth. In those days, it certainly seemed that the sky was the limit for SATS share price. Nobody could have predicted that all it takes is a pandemic to cause SATS share price to fall down to earth.

SATS share price

While everyone knows that the entire aviation industry is hit by the black swan event, what caught me by surprise is the resilience of SATS share price. At $3.17, SATS share price is at a 5-year low. Contrast this with share price of Singapore Airlines, which spiralled out of control to reach a record low. In this regard, is SATS share price at the right place and right time for investors to enter?

In all honesty, it is too …

AEM share price to rock and roll with Singtel?

AEM share price

Singtel share price recently saw red as the telco announced a set of dismal full-year financial results and slashed its dividend pay-out. But it is definitely not the end of the road for Singtel as it primes itself for the next big thing in technology – the rollout of 5G. Should Singtel join forces with the new “King of Technology” in SGX – AEM holdings? How would this even affect AEM share price?

AEM share price to sink or swim with Huawei ban?

AEM share price to hit $50 on NASDAQ listing?

AEM share price in explosive bull run!

AEM share price

While Singtel share price has been singing the blues lately, AEM share price stormed to high heavens amid the circuit breaker period. Trading at $3.10, AEM share price has risen 100% above the level seen on 23 March 2020. Investors must have regretted for missing the train or selling too early.

Indeed, the rise of AEM is one of the rare fairy-tales in SGX. AEM share price used to trade at penny stock level. However, the epic success of its test equipment for Intel in 2016 – High Density Modular Test (HDMT) semiconductor test handler platform …

Singtel share price in devastating bloodbath

Singtel share price

In my previous article “Singtel share price in nuclear meltdown”, I predicted that Singtel share price will collapse upon the announcement of a dividend cut. Indeed, Singtel share price plummeted upon the release of full-year financial result for FY2020 which saw full-year dividend being reduced to 12.25 cents. This is the lowest dividend since FY2005.

Singtel share price

Singtel share price to swim or sink with coronavirus?

Singtel share price in double trouble

Singtel share price faces disaster

Many analysts may argue that it is the poor financial performance that wrecked Singtel share price. To this end, I do not disagree. Group revenue declined 5% while net profit crashed 65% year-on-year. However, most of the shareholders of Singtel are long-term investors and I honestly doubt that they are spooked by the financial result. It should be the massive cut in dividend that scared the living daylight out of investors.

Year-to-date, Singtel share price had tanked 27%. In fact, Singtel share price has crossed my previous target entry price of $2.60. At this moment, it is too early to tell if it is going to be light at end of tunnel for Singtel share price anytime soon. …

StarHub share price losing in telco war

StarHub share price

It seems that StarHub share price had lost its way. The fierce telco war has walloped this counter left, right and centre. Since my last coverage on this counter, StarHub share price bottomed out to reach a low of $1.30 in October 2019. Subsequently, the stock went on a fine run to hit a high of $1.55 on 27 February 2020. However, the COVID-19 pandemic came along and sent Starhub share price plunging into the abyss yet again.

StarHub share price crashed into wall

StarHub share price in last tango?

StarHub share price to face $282 million baptism of fire

StarHub share price

Indeed, investing in StarHub is no fun. This counter used to be the brightest star among the SGX stocks with its strong dividend track record and rising share price. As a matter of fact, StarHub share price was still trading at the $4.00 bandwidth in 2015. No one could have predicted that the entry of TPG Telecom in 2016 could change the destiny of StarHub so much.

In my point of view, StarHub share price is slightly undervalued at the moment. Assuming the full-year net profit is $160 million, the EPS should be $0.09. With …

AEM share price to sink or swim with Huawei ban?

AEM share price

The recent explosive bull run of AEM share price had led to a flurry of target price upgrades by various analysts. The surging form of AEM share price was attributed to the stellar first quarter business results that saw the company hitting a record revenue of $146.8 million and net profit of $36.1 million.

Indeed, the rate of ascend of AEM share price is so breath-taking that investors must be pinching themselves to check it is for real. Is this form even sustainable against the backdrop of COVID-19 pandemic and rising tension between US and China? Will the unfolding trade war between US and China throws a spanner in the works for AEM share price?

AEM share price

To be sure, the recent US rule to ban Huawei Technologies’ access to non-US chipmakers will have some impact on AEM share price. But make no mistake, this is actually the second phase of the trade war concerning export control on Huawei.

AEM share price to hit $50 on NASDAQ listing?

AEM share price in explosive bull run!

In May 2019, US banned US chipmakers from selling equipment to Huawei. Intel was one of the companies hit by that move. …

SIA share price smashed into rock

SIAEC share price

Our national carrier is in trouble. The devastating COVID-19 pandemic had decapacitated its fleets, resulting in SIA recording a full-year net loss of $212 million. This is the first ever full-year financial loss in the course of the carrier’s 48 years of operating history. Against this backdrop, all hell break loose for SIA share price. The announcement of the financial result also coincided with the recent mega rights exercise. These factors combined to cause SIA share price to roil to no end.

SIA share price in darkest chapter

SIA share price faces brutal meltdown

SIA share price to rock or melt with Special Share?

SIA share price crashed into wall

SIA share price nearing 20-year low

SIA share price in crisis mode

In my humble opinion, the trouble for SIA share price is not in the rights issue itself but rather the pricing of the rights. At $3.00, the rights represented a massive discount of 53.8% to the last traded SIA share price of $6.50 on 25 March 2020. Evidently, the rationale for such massive discount is to make the rights issue as appealing as possible to retail investors. But in doing so, many retail …

AEM share price to hit $50 on listing in NASDAQ?

AEM share price

Will AEM become another legendary fairy-tale in SGX? Amid the bearish market outlook caused by the devastating COVID-19 outbreak, AEM share price defied gravity to smash a record high of $3.37 on 11 May 2020. To illustrate how powerful the rally is: AEM share price stormed from $1.37 on 19 March 2020 to a crazy high of $3.37. This means that AEM share price soared nearly 250% within the span of two months!

AEM share price

In life, what goes up must surely comes down. After reaching the giddy height of $3.37, AEM share price subsequently pulled back to reach the $3.10 price level. Such correction is healthy and should not be seen as beginning of the end for AEM share price. What ignited the surging bull run was largely due to the solid first quarter business results that saw the company hitting a record revenue of $146.8 million and net profit of $36.1 million. Will AEM share price continue its magical run in the face of the market downturn?

AEM share price in explosive bull run!

The stunning rise of Micro-Mechanics

Venture Corporation share price went ballistic!

Creative Technology in sanity intervals

Beyond the stellar financial results, …

UOB share price to sink or swim with COVID-19?

wealth builder

Sometimes, reality defies logic. By right, bank stocks should have crashed with the onset of the COVID-19 pandemic and the unfolding oil crisis. But DBS, OCBC and UOB share price had been quite resilient amid the unprecedented economic challenges. Bank counters had not collapsed like what they did during the Global Financial Crisis in 2008. Perhaps the massive stimulus packages by US Federal Reserves had helped to restore market confidence. Where will UOB share price go from here?

UOB share price

In terms of first quarter financial results, UOB lost out to DBS but managed to beat OCBC comprehensively. Net earnings amounted to $855 million, a decline of 19% as compared to Q1FY2019. Overall, UOB’s decline was much better than DBS (-29%) and OCBC (-43%). Despite so, the outlook for UOB share price looks pretty grim as the bank navigates through the storm.

UOB share price exploded with Hin Leong

UOB share price hammered by coronavirus

UOB share price in royal rumble with DBS and OCBC

UOB share price fought back after bizarre plunge

Total income for UOB remained stable at $2.41 billion even though interest rates had plummeted to abysmal levels. Non-performing loan ratio also remained stable …

OCBC share price in horror show

OCBC share price

Will OCBC share price sink or swim? On 8 May 2020, OCBC announced a set of poor Q1 FY2020 business update that saw the number 2 bank in Singapore recording the worst financial performance among the three local banks. While COVID-19 pandemic had been cited by OCBC CEO as the culprit for the subpar performance, investors must be wondering how on earth did OCBC manage to fare so badly against the other two banks.

OCBC share price in explosive free fall

OCBC share price in devastating bloodbath

OCBC share price to increase three-fold in decade?

OCBC share price led to my first investment in decade

OCBC share price

On a year-on-year basis, net profit plunged 43% to reach an abysmal $698 million. This is the lowest as compared to DBS ($1.17 billion) and UOB ($855 million). OCBC’s decline was also the biggest among the three local banks. Against this backdrop, OCBC share price should be sluggish for the foreseeable future.

Upon examining the business update, I noted two factors that led to the steep decline in net profit. First, contributions from Great Eastern Holdings collapsed 94% to reach a low of $18 million, vis-à-vis the $290 million profit …

AEM share price in explosive bull run!

AEM share price

Is the sky the limit for AEM share price? Amid the COVID-19 outbreak, the technology sector is going through an up-cycle due to surging demand for electronic products as many people are forced to work from home. AEM share price is one of the beneficiaries of the sector rally and is currently enjoying a superb bull run.

Through the years, I had covered a number of SGX-listed technology companies in this blog. So far, I had been hesitant to cover AEM share price because of my lack of understanding of the semiconductor industry. This industry is notorious for having an extremely short lifespan and trying to analyse companies operating in this segment on a long-term basis is always challenging. In this article, I will share my views on whether the red-hot form of AEM share price is sustainable.

AEM share price

The stunning rise of Micro-Mechanics

Venture Corporation share price went ballistic!

Creative Technology in sanity intervals

As a matter of fact, AEM share price is now trading at record high of $2.60. This counter used to trade at the $6.00 bandwidth. Following the bonus issue of three-for-one shares exercise in March 2018, AEM share price fell off …

DBS Bank net profit plunged 29%

DBS Bank

Is this the beginning of the end for Singapore banks? The circuit-breaker implemented by Singapore government had caused the economy to come to a grinding halt. On 30 April 2020, DBS Bank announced business update for 1st quarter (SGX had scrapped mandatory quarterly reporting). Being the leading light of SGX, the financial performance of DBS Bank is often scrutinized. This is especially so in current climate as investors are looking for clues on the impact of COVID-19 pandemic on the banking sector.

DBS Group Holdings share price in bloodbath with Hin Leong

DBS Group Holdings share in explosive meltdown

DBS Group share price in dark chapter with virus

DBS Group Holdings share price ambushed by coronavirus?

Initial assessment of the financial performance of DBS Bank is that the results are not as grim as many investors had feared. Total income grew 13% from a year ago to a new high of $4.03 billion but net profit had collapsed 29% to $1.17 billion. The lower profit was due to increased allowances of $0.7 billion to cater for risks due to the pandemic.

DBS Bank

Of course, it is still early days to claim that DBS Bank …

DBS Group Holdings share in bloodbath with Hin Leong

DBS Group Holdings share price

In March 2020, DBS announced a staggering pay check of $12.1 million to CEO Piyush Gupta for leading the bank to the Promised Land – DBS’ total income had more than doubled, net profit has tripled, and market capitalisation had nearly doubled in FY2019. However, almost half of his annual salary was in the form of the company’s share plan. Thus, the upheaval of DBS Group Holdings share price in recent months must have left a bitter taste in CEO Piyush Gupta’s mouth.

DBS Group Holdings share in explosive meltdown

DBS Group share price in dark chapter with virus

DBS Group Holdings share price ambushed by coronavirus?

Previously, the supreme form of DBS Group Holdings share price was largely due its strong financial results, which was fuelled by its aggressive loan growth strategy. With $362 billion gross loans, DBS is the largest lender in Singapore. In comparison, UOB holds $269 billion while OCBC holds $264 billion of loans.

DBS Group Holdings share price

For sure, CEO Piyush likes to put his money where his mouth is. In 2016, he bought $2.8 million of DBS shares at the peak of the oil crisis. At that point of time, he was confident …

UOB share price exploded with Hin Leong

UOB share price

Troubles certainly come in troops for UOB share price. Amid the devastating fallout from COVID-19, UOB share price slipped following news that DBS, OCBC and UOB were faced with $870 million loan exposure to embattled home-grown oil trader, Hin Leong.

UOB share price hammered by coronavirus

UOB share price in royal rumble with DBS and OCBC

UOB share price fought back after bizarre plunge

UOB share price

The fall of Hin Leong cannot be underestimated as it is one of the largest marine fuel suppliers in Singapore. It also came at a time when global crude oil was trading at negative prices due to oversupply issue and price war between Saudi Arabia and Russia. Oil crisis is certainly not a new risk for local banks. In the 2014’s oil crisis, UOB share price got hammered as well, falling from $24 in May 2015 to the abysmal low of $17 in February 2016. But this time round, things may not be so straightforward for UOB share price.

To be honest, I have never seen such great chaos in my life. The pandemic crisis had effectively brought global economy to a complete standstill. And now with this oil crisis unfolding, …

Earn 2.8% interest from SGX Securities Borrowing and Lending (SBL) program

SBL

COVID-19 has ravaged the entire global financial markets and upended numerous industries. To tackle the massive fallouts, US Federal Reserve pull out all stops to contain the explosive impacts of this unprecedented black swan event in modern days.  Arising from this interest rates has plummeted to abysmal levels yet again, leading to “cash is trash”. Against such backdrop, the interest rate of SGX Securities Borrowing and Lending (SBL) program could be lucrative.

How does SGX Securities Borrowing and Lending (SBL) work? In Singapore, investors can either lend their existing shares to brokerage firms or SGX. By lending out shares, they can earn interest fees. Conversely, investors can also borrow shares to do short-selling. In the course of doing so, you need to pay borrowing fees.

SBL

In this article, I will provide my insights on the pros and cons of lending shares to SGX Securities Borrowing and Lending (SBL) program. Something that needs to be highlighted is that this article will touch on only the lending program of SBL. As I am not into short-selling activities, the borrowing facility of the SBL is not covered in this article.

Disclaimer for this article: SGX did not …

SIA share price in darkest chapter

SIA share price

It is a battle that SIA cannot afford to lose. Currently, SIA share price is fighting for its life as COVID-19 completely razed air travel to the ground. With numerous airlines expected to file for bankruptcies in the coming months, many analysts claim that the aviation sector may never recover to the pre-crisis level. This is indeed the darkest chapter for SIA share price.

SIA share price faces brutal meltdown

SIA share price to rock or melt with Special Share?

SIA share price crashed into wall

SIA share price nearing 20-year low

SIA share price in crisis mode

SIA share price

For sure, the coming announcement of the full-year financial result and the mega rights issue will be a massive baptism of fire for SIA share price. Indeed, the next two weeks will be critical as the national carrier navigates through this crazy storm. In view of this, expect plenty of volatility for SIA share price.

The current crisis completely dwarfed previous crises such as the Asian Financial Crisis of 1998, the dotcom bust in 2000, 9/11 terrorist attacks of 2001, the SARS of 2003 and Great Financial Crisis of 2008. In each of those crises, SIA share …

OCBC share price in explosive free fall

OCBC share price

What a roller coaster ride for investors! COVID-19 pandemic crisis had ignited one of the biggest equity sell-offs in modern history as investors fled for their lives. The Straits Times Index (STI) plunged by a terrifying 17% to reach the abysmal level of 2,208, a level last seen in June 2009. Being one of the leading lights of STI, OCBC share price was not spared from the carnage.

OCBC share price in devastating bloodbath

OCBC share price to increase three-fold in decade?

OCBC share price led to my first investment in decade

OCBC share price

But what made this crisis so extra-ordinary is that it coincided with the oil slump. It is reported that OCBC, DBS and UOB collectively faced with loan exposure of $600 million to embattled oil trader, Hin Leong Trading. As a result, OCBC share price took a beating in recent days. As the double whammy crises unfold, expect plenty of volatility for OCBC share price.

Since 23 March 2020, OCBC share price had recovered from a low of $7.80 to reach the current $8.80 level. The recovery was due to improved market sentiments following the massive US’ two trillion dollar stimulus package. Nevertheless, I …

KIT share price to fight to the end

KIT share price

Note: This article has been edited to incorporate clarifications from KIT.

Will Singapore’s largest infrastructure business trust, Keppel Infrastructure Trust (KIT share price), be the last man standing? Amid the violent upheaval in the stock market, it seems that KIT share price will fight to the very end.

On 10 March 2020, I wrote that KIT share price would be stung by the collapse of the oil price. Indeed, the following day, KIT share price collapsed from $0.51 to reach a crazy low of $0.36 on 19 March 2020. The meltdown prompted the management to conduct shares buyback to halt the collapse of KIT share price. By 3 April 2020, 4.75 million of KIT shares had been repurchased.

KIT share price safe haven from virus?

KIT share price to suffer same fate as Hyflux?

KIT share price

Previously, I have pointed out that KIT share price has a strong correlation with oil price because it owns one power-plant, Keppel Merlimau Cogen (KMC) Plant, which has been making huge losses since the start of the oil slump in 2014. For full-year 2019, losses before tax for KMC amounted to $40 million, an increase from $33.6 million in last year.…

Lippo Malls share price collapsed after SGX queries

Lippo Malls share price

The unfolding COVID-19 has claimed the first S-Reit casualty in Eagle Hospitality Trust. Which will be the next one? In view of the plunging Lippo Malls share price over the course of last month, investors must be living in fear. Looking back, Lippo Malls share price was actually cruising along finely in 2019 with the strengthening of Indonesian rupiah until COVID-19 came along to mess things up.

Year-to-date, Lippo Malls share price plummeted by a whopping 52%, making it one of the worst SGX stocks to own. Apart from COVID-19, what could be the other dark forces behind the meltdown of Lippo Malls share price? In my view, besides macro factors, it is also important to pay attention to the business fundamentals because that will shape Lippo Malls share price even in the midst of market chaos.

Lippo Malls share price

Temasek Holdings lost its pants in Lippo Malls Indonesia Retail Trust?

Lippo Malls Indonesia Retail Trust in dark chapter

Nightmare of Lippo Malls Retail Trust

With effect from 1 April 2020, all of LMIR Trust’s portfolio of 23 retail malls and seven retail spaces will be temporarily closed except for essential services. The period of closure will …

SIAEC share price plunged into hell

SIAEC share price

It seems that hell has a special place for SIAEC share price. The coronavirus outbreak imploded out of nowhere to cause the entire aviation industry to come to a grinding halt, leading global airlines to ground their fleets. The latest government order to close down workplaces (except for essential services) in Singapore will further roil SIAEC share price to no end.

SIAEC share price and ST Engineering in bizarre tale

SIAEC share price in bloodbath with Temasek Holdings

SIAEC share price

Year-to-date, SIAEC share price plunged by a staggering 44%. This made SIAEC share price one of the biggest falling stars among the SGX shares. Against this backdrop, investors must be having plenty of sleepless nights and wonder if SIAEC share price will recover from this nightmarish run. The coming full-year financial result will be a litmus test for SIAEC share price as the MRO stalwart navigates through this dark chapter of aviation.

The grounding of aircraft among global airlines will hurt SIAEC’s MRO business and dented SIAEC share price. From a technical point of view, when an aircraft is grounded, a large portion of the maintenance works which are based on interval of flight hours or flight …