tag:blogger.com,1999:blog-28184803338707746022012-01-21T01:36:56.596+08:00This blog is the diary of a mid age DIY investor in a relentless pursuit towards financial freedomMike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.comBlogger3591100tag:blogger.com,1999:blog-2818480333870774602.post-84058486464078696452012-01-03T12:05:00.000+08:002012-01-03T12:05:15.740+08:00

My holding period return was 0.52% in the month of December 2011. Since the beginning of the year 2010, my overall holding period returns translate to -0.55% in annualized return. There were 6 transactions in the month of Decemeber 2011. Bought Goodpack, new average price at $1.489 Bought Hong Leong Asia, new average price at $1.639 Bought Amtek, new average price at $0.599 Bought Capitamall

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-45987320033704041292011-12-03T10:19:00.003+08:002011-12-06T01:55:38.910+08:00

My holding period return was -7.05% in the month of November 2011. Since the beginning of year 2010, my overall holding period returns translate to -0.84% in annualized return. There were 9 transactions in the month of November 2011. Sold Capitaland, at 3.6% gain (excluding dividends) Sold NOL, at 22.4% loss (excluding dividends) Sold Courage Marine, at 59.6% loss (excluding dividends) Sold

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-87463308464316448282011-11-04T22:14:00.002+08:002011-11-04T22:20:29.356+08:00

My holding period return was 7.52% in the month of October 2011. Since the beginning of year 2010, my overall holding period returns translate to 3.15% in annualized return. There were 8 transactions in the month of October 2011. Sold partial ARA, at 53.1% gain (exclude dividends) Bought Noble Group, new average price at $1.629 Bought CDL Hospitality, new average price at $1.606 Bought

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-61473462963115703162011-10-03T15:39:00.000+08:002011-10-03T15:39:59.484+08:00

My holding period return was -6.53% in the month of September 2011. Since the beginning of year 2010, my overall holding period returns translate to -0.89% in annualized return. There were 10 transactions in the month of September 2011. Sold Hock Lian Seng, at 9.6% loss (without dividends) Sold Tiong Seng, at 27.1% loss (without dividends) Bought OKP, average price at $0.580 Bought Jaya, new

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-25625513015247735322011-09-01T13:19:00.000+08:002011-09-01T13:19:18.167+08:00

My holding period return was -8.34% in the month of August 2011. Since the beginning of year 2010, my overall holding period returns translate to 3.16% in annualized return. There were 20 transactions in the month of August 2011. Sold Cosco (CPF), at 51.2% loss (without dividends) Sold MIIF, at 46.3% loss (without dividends) Sold Asia Travel, at 19.4% loss (without dividends) Sold Genting

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-51100758146620846832011-08-01T11:06:00.000+08:002011-08-01T11:06:19.091+08:00

My holding period return was -0.33% in the month of July 2011. Since the beginning of year 2010, my overall holding period returns translate to 9.17% in annualized return. There were 5 transactions in the month of July 2011. Sold Mappletree Industrial REIT, at 24.7% gain (without dividends) Sold partial Vicom, at 107.4% gain (without dividends) Bought Yangzijiang, new average price at $1.418

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-54345144606023021512011-07-02T17:12:00.000+08:002011-07-02T17:12:58.146+08:00

My holding period return was -2.39% in the month of June 2011. Since the beginning of year 2010, my overall holding period returns translate to 9.95% in annualized return. There were 4 transactions in the month of June 2011. Sold Frasers CT, at 32.9% gain (without dividends) Sold CSE Global, at 220.3% gain (without dividends) Bought Yangzijiang, average price at $1.594 Exercise Healthway RIGHTS,

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-23689038231381935472011-06-19T15:35:00.000+08:002011-06-19T15:35:11.583+08:00

I am sure many of us have seen our stocks turned from very positive returns to negative returns in a short period of time. During my experience, I have personally faced such encounters. Just to name a few, they are Healthway, Cosco and Capitaland. At the peak of their traded prices, my returns in these stocks have reached +66.7%, +172.3% and +80.8% returns respectively. Now they are valued at -

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com9tag:blogger.com,1999:blog-2818480333870774602.post-64805897963055585722011-06-18T01:49:00.001+08:002011-06-18T11:35:05.791+08:00

There are ten balls numbered from 0 to 9. Let us consider an event whereby you pick two balls successively without putting back the first ball. The probability of getting two balls in running order is 1/10 * 2/9 = 0.0222. What I meant by running order is for example if you pick a ball numbered 3 first, then the next ball must be numbered 2 or 4. When there are more numbered balls, the probability

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com7tag:blogger.com,1999:blog-2818480333870774602.post-88893869525763340862011-06-06T10:48:00.000+08:002011-06-06T10:48:11.690+08:00

My holding period return was -0.32%% for the month of May 2011. Since the beginning of year 2010, my overall holding period returns translate to 12.47% in annualized return. There were 11 transactions in the month of May 2011. Sold partial ARA, at 113.6% gain (without dividends) Sold partial Vicom, at 72.5% gain (without dividends) Sold ST Engg, at 29.6% gain (without dividends) Sold Pteris

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-82568625703829074582011-05-02T12:55:00.001+08:002011-05-02T12:58:32.924+08:00

From now onwards, I decided to stop posting my overall portfolio performance in terms of accounting profits and losses. Even though I still keep track of my cost of capital and dividends collected so far separately, personally I just don’t find it meaningful to measure my portfolio performance in accounting terms [ie (portfolio market value + realized gains) / portfolio cost)]. I will just stick

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com1tag:blogger.com,1999:blog-2818480333870774602.post-90014870756443669772011-04-03T10:38:00.000+08:002011-04-03T10:38:07.386+08:00

The market value of my portfolio was up by 2.80% at the end of Mar 2011. Total portfolio gain since I started investing adjusted to 12.02% after taking all dividends into account. My holding period return was 2.07% for the month of March 2011. Since the beginning of year 2010, my overall holding period returns translate to 13.36% in annualized return. There was no transaction done and I received

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-73340533975124932562011-03-01T10:20:00.000+08:002011-03-01T10:20:59.533+08:00

The market value of my portfolio was up by 1.58% at the end of Feb 2011. Total portfolio gain since I started investing adjusted to 10.87% after taking all dividends into account. My holding period return was -4.77% for the month of February 2011. Since the beginning of year 2010, my overall holding period returns translate to 12.39% in annualized return. There were 4 transactions in the month

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-83758463760638728062011-02-01T21:52:00.000+08:002011-02-01T21:52:18.370+08:00

The market value of my portfolio was up by 6.12% at the end of January 2011. Total portfolio gain since I started investing adjusted to 15.16% after taking all dividends into account. My holding period return was -0.03% for the month of January 2011. Since the beginning of the year 2010, my overall holding period returns translate to 18.64% in annualized return. There was no transaction done on

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-23008661004085169842011-01-18T10:58:00.006+08:002011-07-01T10:26:42.442+08:00

Just for the fun of it, I made a bet with newbie and verbatin on the stocks that could potentially outperform in the first half of 2011. The bet has no cash consideration but we are personally vested in those stocks. At the end of June 2011, we shall look at their absoulute returns (excludes FX) base on the agreed initial price set. My stock, price - Newbie stock, price - Verbatin stock, price

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com1tag:blogger.com,1999:blog-2818480333870774602.post-76710756328381213422011-01-01T23:25:00.008+08:002011-01-01T23:40:01.183+08:00

The market value of my portfolio was up by 6.15% at the end of December 2010. Total portfolio gain since I started investing adjusted to 15.19% after taking all dividends into account. My holding period return was 3.93% for the month of December 2010. Since the beginning of year 2010, my overall holding period returns translate to 20.38% in annualized return.There was no transaction done on the

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-34491635498723800582010-12-02T23:38:00.006+08:002010-12-03T00:08:31.843+08:00

The market value of my portfolio was up by 2.41% at the end of November 2010. Since I started investing, total portfolio gain adjusted to 11.16% after taking all dividends into account. My holding period return was -1.61% for the month of November 2010. Since the beginning of the year, my overall holding period returns translate to 17.38% in annualized return.There were 5 transactions on the

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-40760187242724480412010-10-30T09:17:00.002+08:002010-10-30T09:25:32.649+08:00

Based on total invested capital, my stocks portfolio was up by 4.18% at the end of October 2010. Total portfolio gain adjusted to 12.85% after taking all dividends into account. My holding period return was 3.09% for the month of October 2010. Since the beginning of the year, my overall holding period returns translate to 21.62% in annualized return.There was 1 transaction on the month of October

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com4tag:blogger.com,1999:blog-2818480333870774602.post-20918754697543686162010-10-01T13:41:00.009+08:002010-10-01T14:52:27.743+08:00

Based on total invested capital, my stocks portfolio was up by 1.22% at the end of September 2010. Total portfolio gain adjusted to 9.82% after taking all dividends into account. My holding period return was 6.75% for the month of September 2010. Since the beginning of the year, my overall holding period returns translate to 19.35% in annualized return.There was 1 transaction on the month of

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-76137436941460360992010-09-01T10:56:00.009+08:002010-10-01T13:36:36.780+08:00

Based on total invested capital, my stocks portfolio was down by 4.65% at the end of August 2010. Total portfolio gain adjusted to 3.39% after taking all dividends into account. My holding period return was -1.38% for the month of August 2010. Since the beginning of the year, my overall holding period returns translate to 10.61% in annualized return.There were 3 transactions for the month of

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com3tag:blogger.com,1999:blog-2818480333870774602.post-43759456954296189272010-08-01T21:07:00.002+08:002010-08-01T21:11:33.609+08:00

Based on total invested capital, my stocks portfolio was down by 2.84% at the end of July 2010. Total portfolio gain adjusted to 4.73% after taking all dividends into account. My holding period return was 4.49% for the month of July 2010. Since the beginning of the year, my overall holding period returns translate to +14.91% in annualized return.There were 2 transactions for the month of July

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-40092592430555286862010-07-01T22:14:00.005+08:002010-07-01T23:07:29.196+08:00

Based on total invested capital, my stocks portfolio was down by 7.01% at the end of June 2010. Total portfolio gain adjusted to 0.54% after taking all dividends into account. My holding period return was +4.38% for the month of June 2010. Since the beginning of this year, my overall holding period return translates to +7.67% in annualized return.There was no transaction done for the month of

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com7tag:blogger.com,1999:blog-2818480333870774602.post-434865014417684842010-06-03T22:29:00.002+08:002010-06-03T22:34:34.368+08:00

Based on total invested capital, my stocks portfolio was down by 10.80% at the end of May 2010. Total portfolio loss adjusted to 3.37% after taking all dividends into account. My holding period return was -7.12% for the month of May 2010 and overall holding period return translates to -1.41% in annualized return since beginning of the year.There were 5 transactions for the month of May 2010.Sold

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-5261921145711050052010-05-01T20:49:00.003+08:002010-05-01T20:56:28.300+08:00

Base on total invested capital, my stocks portfolio was down by 2.64% at the end of April 2010. Total portfolio gain adjusted to 3.54% after taking all dividends into account. My holding period return was 4.36% for the month of April 2010. Since the beginning of this year, my overall holding period returns translate to an annualized return of 22.61% per annum.There was no transaction done for the

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com4tag:blogger.com,1999:blog-2818480333870774602.post-89671015612006476662010-04-02T08:40:00.003+08:002010-04-02T08:57:33.250+08:00

Based on total invested capital, the market value of my stocks portfolio was down by 6.67% at the end of March 2010. Total portfolio loss adjusted to 0.53% after taking all dividends into account.After two and a half years of tracking my portfolio of stocks, I was facing a problem of trying to compute the annualized return of that portfolio. Calculating return with Excel XIRR which I had posted

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-41874641859918277202010-03-28T17:25:00.000+08:002010-03-28T17:30:14.781+08:00

I just got some shares of Bluechips through PSBP for the month of December 2008. There was a change in plan as I decided to purchase only Capitaland and SGX through the program. I managed to buy Keppel Corp earlier with a lump sum investment at an attractive price.I heard many PSBP investors have expressed their concerns that poems allocated them with unfair unit prices. According to these

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com5tag:blogger.com,1999:blog-2818480333870774602.post-32116966241795501962010-03-01T21:10:00.003+08:002010-03-28T17:55:11.577+08:00

Based on total invested capital, my stocks portfolio was down by 9.26% at the end of February 2010. Total portfolio loss adjusted to 3.24% after taking dividends into account.There were 3 transactions for the month of February 2010.Bought Starhub (PSBP), new average price at $2.112Exercised Healthway Medical RIGHTS, new average price at $0.118I didn’t make many transactions in that month except

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-84820024284950014352010-02-01T21:15:00.007+08:002010-02-03T10:04:02.872+08:00

Two weeks ago, I received a letter from HDB regarding the approval for my Housing Loan Eligibility (HLE). I know once I received this approval, I am rest assured that I will be getting the keys to my new flat within three months. It is because the HLE is valid for three months only. Then came the stressful part where I need to start thinking about the house renovation part and also the selection

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com10tag:blogger.com,1999:blog-2818480333870774602.post-73399649442902416822010-01-31T10:46:00.007+08:002010-01-31T14:02:19.844+08:00

Based on total invested capital, my stocks portfolio was down by 10.25% at the end of January 2010. Total portfolio loss adjusted to 4.51% after taking dividends into account.There were 3 transactions for the month of January 2010.Bought Starhub (PSBP), new average price at $2.106Bought Tai Sin, new average price at $0.317Bought Design Studio, average price at $0.679Like I always do, I continue

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com8tag:blogger.com,1999:blog-2818480333870774602.post-52733282620144121242010-01-25T14:45:00.009+08:002010-01-30T09:27:13.457+08:00

I decided to create a new sub-section under this blog. Even though this topic is nothing to do with investment but it still falls under the money management section whereby one should strive to save costs.I am in the midst of doing my research and planning for my upcoming new house. Therefore I intend to post and share any useful information that I got as I embark on my house renovating

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com13tag:blogger.com,1999:blog-2818480333870774602.post-77565784317337760422010-01-01T17:42:00.009+08:002010-01-01T18:04:26.098+08:00

Year 2009 has just come to an end and I am sure there will be some investors who wish to try and fine tune their stocks portfolio for the fresh and coming year. I just completed my tutorials on Modern Portfolio Theory (MPT) so I thought of applying that knowledge into building a minimum variance portfolio consisting of STI stocks. Take note that this post is by no mean an inducement for you to

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com4tag:blogger.com,1999:blog-2818480333870774602.post-24346804488709532512010-01-01T11:12:00.007+08:002010-01-30T23:48:30.635+08:00

Based on total invested capital, my stocks portfolio was down by 8.85% at the end of December 2009. Total portfolio loss adjusted to 2.99% after taking dividends into account.There was 1 transaction for the month of December 2009.Bought Starhub (PSBP), average price at $2.026December was an inactive month for me in terms of number of transactions made if compared to the transactions made on the

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-29225325567492465432009-12-01T22:10:00.012+08:002009-12-29T02:49:17.759+08:00

Based on total invested capital, my stocks portfolio was down by 14.36% at the end of November 2009. Total portfolio loss adjusted to 8.58% after taking dividends into account.There were 5 transactions for the month of November 2009.Exercised Mermaid Maritime RIGHTS, average price at $0.706Bought SGX (PSBP), new average price at $6.368Bought Courage Marine, new average price at $0.252Bought

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com5tag:blogger.com,1999:blog-2818480333870774602.post-56160604883261078082009-10-31T22:19:00.003+08:002009-10-31T22:31:41.946+08:00

Based on total invested capital, my stocks portfolio was down by 13.99% at the end of October 2009. Total portfolio loss adjusted to 8.37% after taking dividends into account.There were 5 transactions for the month of October 2009.Sold Cosco Corp at -64.9% lossSold Swiber at -57.6% lossExercise Fortune Reit RIGHTS, average price at $0.491Exercise Genting RIGHTS, new average price at $0.709Bought

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com6tag:blogger.com,1999:blog-2818480333870774602.post-87605853530749221372009-10-02T10:36:00.007+08:002009-10-02T11:03:34.720+08:00

My overall portfolio was down by 14.27% at the end of September 2009. Total portfolio loss adjusted to 8.54% after taking dividends into account.There were 5 transactions for the month of September 2009.Exercise Cityspring Trust RIGHTS, average price at $0.494Bought HG Metal, average price at $0.157Bought SGX (PSBP), new average price at $6.198Sold partial Keppel Corp at 109.5% gainBought Noble

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com5tag:blogger.com,1999:blog-2818480333870774602.post-51317740155879619562009-09-28T13:07:00.009+08:002009-09-28T13:57:25.766+08:00

Do you still remember the article that I posted about a Guide using Excel XIRR? At that time I was too excited on how to calculate a stock return using Excel XIRR without truly understanding what the end numbers really are. Take for an example, the following cash flows:DateCash Flows 1-Jan-08$(1,000.00)31-Mar-08$25.00 30-Jun-08$25.00 30-Sep-08$25.00 31-Dec-08$25.00 31-Mar-09$25.00 30-Jun-09$25.00

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com6tag:blogger.com,1999:blog-2818480333870774602.post-56631717602008432882009-09-16T01:09:00.005+08:002009-09-16T01:19:19.188+08:00

You know one of the stocks that I most touted about is Genting. Ever since it was trading at 60 cents, I have been telling my friends to buy Genting. At current price, I know its nuts but I do still recommend Genting with a smaller stake though, as risk of downside is already higher.Some fundamentalist may argue that Genting has been a loss making company for the past few years and has a weak

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-34611179234558358242009-09-09T15:12:00.002+08:002009-09-09T15:25:02.240+08:00

18 Sep 2009 Shares trade ex-Rights23 Sep 2009 Books Closure Date28 Sep 2009 Despatch of OIS28 Sep 2009 (from 9 am) Commencement of trading of “nil-paid” rights6 Oct 2009 (5 pm) Last date and time for trading of “nil-paid” rights6 Oct 2009 (5 pm) Last date and time for splitting of “nil-paid” rights12 Oct 2009 (5.00 pm, 9.30 pm for electronic Shares applications) Last date and time for acceptance

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-52255025829597512782009-09-01T21:44:00.006+08:002009-09-07T11:18:47.047+08:00

My overall portfolio was down by 15.98% at the end of August 2009. Total portfolio loss adjusted to 10.45% after taking dividends into account.There were 3 transactions for the month of August 2009.Sold Pacific Andes at 53.1% gainExercise Frasers Commercial Trust RIGHTS, new average price at $0.287Bought SGX (PSBP), new average price at $6.005I sold away Pacific Andes at a profit of 53%. The sale

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-57417139710260222992009-08-21T14:40:00.004+08:002009-08-21T14:56:19.763+08:00

After contributing to my CPF account for many years, I admit that I am still not sure how the interests are being calculated and accumulated in my account. The thing that is puzzling me is whether the interests are being compounded monthly, semi-annually or yearly. Upon clarification with a CPF staff, I am now clear about it.Monthly interest earned is computed using the formula [Lowest balance in

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com5tag:blogger.com,1999:blog-2818480333870774602.post-7361523127528078102009-08-21T11:01:00.000+08:002009-08-21T11:04:11.214+08:00

Latest update (20 Aug 09)ERP of STI = 4.64% Calculation: Equity Risk Premium (ERP) is the difference between earnings yield (inverse PE ratio) of STI and one-year interbank rate (12-month SIBOR)Thanks to Nigel CK Tan for introducing me the ERP concept

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com11tag:blogger.com,1999:blog-2818480333870774602.post-17748054068556464892009-08-21T10:43:00.000+08:002009-08-21T10:43:40.255+08:00

Latest update (20 Aug 09)PE ratio of STI = 17.72PTB ratio of STI = 1.79Click to see a detail explanation on how to calculate PE ratio of STIClick to see a detail explanation on how to calculate PTB ratio of STI

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com12tag:blogger.com,1999:blog-2818480333870774602.post-86449986112183186882009-08-12T18:27:00.000+08:002009-08-12T18:28:50.833+08:00

A-Reit issuing new units to raise $302mASCENDAS Real Estate Investment Trust (A-Reit) is looking to raise at least $301.6 million through a private placement of new units - just months after a $408 million cash call in January.Keppel O&M bags contracts worth $85mKEPPEL Group's offshore unit Keppel Offshore and Marine (O&M) yesterday announced various contracts won by the group worldwide, worth a

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com4tag:blogger.com,1999:blog-2818480333870774602.post-9373169800126383352009-08-11T22:12:00.001+08:002009-08-11T22:13:27.713+08:00

Property value fall hits Jardine Matheson H1 profitJardine Matheson Holdings Ltd, which owns car distributors, real estate, supermarkets and hotels in Asia, said that first-half profit dropped 76 per cent on a decline in the value of its investment properties. Net income fell to US$249 million, or US$0.70 a share, in the six months ended June 30, from US$1 billion, or US$2.89 a year earlier, the

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com13tag:blogger.com,1999:blog-2818480333870774602.post-52220480088529552412009-08-07T12:55:00.003+08:002010-03-18T22:15:51.119+08:00

Last month I received a call from a Telemarketer inviting me to attend the soft launch of Worldex Asia. The telemarketer claimed that I am guaranteed to receive a free holiday package to Hong Kong, Koh Samui, Pattaya, Phuket or Bangkok at the end of the attendance. The package includes fully paid travel and hotel expenses for 4 days and 3 nights.I did attend the presentation at Tong “Rolex”

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com356tag:blogger.com,1999:blog-2818480333870774602.post-12013932112793237412009-08-01T16:15:00.007+08:002009-08-01T16:33:21.017+08:00

My overall portfolio was down by 16.02% at the end of July 2009. Total portfolio loss adjusted to 11.22% after taking dividends into account.There were 6 transactions for the month of July 2009.Exercise Capitacomm RIGHTS, new average price at $0.883Exercise Neptune Orient Lines RIGHTS, average price at $1.317Exercise Pacific Andes RIGHTS, new average price at $0.175Bought SGX (PSBP), new average

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com1tag:blogger.com,1999:blog-2818480333870774602.post-14880071508475398522009-07-29T22:46:00.001+08:002009-07-29T22:48:44.389+08:00

F&N sells China property unit for $201mFraser and Neave (F&N) said yesterday that it has sold a unit that is developing a hotel and residential villas in China. Subsidiary Frasers Centrepoint sold its full interest in Hong Kong-incorporated Metro Charm Holdings for about $201 million. Metro Charm holds all of the equity in a development company based in Hainan. This unnamed company is working on

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-69144491758047003372009-07-21T15:10:00.000+08:002009-07-21T15:11:53.252+08:00

KTT's profit falls 6.5% to $10m in Q2Keppel Telecommunications & Transportation (KTT)'s second-quarter net profit fell 6.5 per cent to $10 million with the poor economy weighing down earning contributions from its various businesses. The profit attributable to shareholders, after exceptional items, for the three months ended June 30 translated to earnings per share of 1.8 cents, down from 1.9

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-40151960466776622142009-07-20T23:43:00.002+08:002009-07-20T23:50:16.272+08:00

Work begins on Yanlord's 4b yuan development in ZhuhaiYANLORD Land Group broke ground last Friday for its four billion yuan (S$849.7 million) residential and commercial development in Zhuhai. Zhuhai Yanlord Marina Centre will have about 3.2 million square feet gross floor area, comprising high-end apartments, a retail mall, grade A offices and a five-star hotel, Yanlord said in a release. The

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-12937954269287575972009-07-17T12:36:00.002+08:002009-07-17T12:39:21.319+08:00

CDL launching Balmoral Rd condo projectCity Developments Ltd (CDL) – After holding on to its Garden Hotel property at Balmoral Road for 10 years, CDL is finally launching an 85-unit condo project on the site. A preview for staff and directors began yesterday, while sales to invited guests are slated to begin today. The average price of the 12-storey freehold condo Volari@Balmoral is understood to

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-86551488946591026822009-07-09T19:13:00.001+08:002009-07-09T19:14:56.028+08:00

Ezra Holdings Q3 net rises 8% to US$18.8mEzra Holdings posted an 8 per cent rise in net profit to US$18.8 million for its financial third quarter ended May 31, from US$17.4 million a year ago, as turnover rose 9 per cent to US$59.9 million. On a nine-month basis, net profit plunged to US$43 million from the previous corresponding period's US$168.7 million, the reason being that the latter

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-72457479597298877842009-07-03T23:05:00.002+08:002009-07-03T23:13:07.939+08:00

Company*Expected DateCompany*Expected DateCAPITALAND 27-Jul-09NOL LTD 05-Aug-09CAPMALL TRUST 16-Jul-09OCBC 07-Aug-09CITY DEVELOPMENT LTD13-Aug-09OLAM INTER 27-Aug-09COMFORT DELGRO 13-Aug-09SEMBCORP INDUSTRY06-Aug-09COSCO CORP 28-Jul-09SEMBCORP MARINE 04-Aug-09DBS GRP HLDGS 07-Aug-09SGX 07-Aug-09FRASER & NEAVE 07-Aug-09SIA ENGINEERING23-Jul-09GENTING INTL -SIA LTD 28-Jul-09GOLDEN AGRI -

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-75212458539572470422009-07-03T20:23:00.000+08:002009-07-03T20:24:31.344+08:00

SembMarine bags another rig contractSembcorp Marine subsidiary Jurong Shipyard has secured a second contract to complete a semi-submersible rig for SeaDragon Offshore unit Oban B. The contract is worth US$237.3 million, excluding owner-supplied equipment. SembMarine secured a US$247 million contract for a similar rig in April. 'We thank SeaDragon again for its trust and commitment to work with

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-81207467136956451132009-07-02T20:10:00.000+08:002009-07-02T20:11:21.266+08:00

Banyan secures US$283m for Indochina fundBanyan Tree Holdings has completed the final round of raising money for its first real estate development fund, with total capital commitment to the fund standing at US$283 million, US$17 million shy of its US$300 million target. However, the fund - Banyan Tree Indochina Hospitality Fund - is well positioned to proceed with the development of the first

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-81173872213534566032009-07-01T15:23:00.000+08:002009-07-01T15:24:49.299+08:00

F&N, Coca-Cola extend tie-upsFraser and Neave (F&N) and The Coca-Cola Company have agreed on new transition arrangements that will run for 20 months after their current bottling arrangments in Malaysia, Singapore and Brunei expire in January next year. A joint statement last night said the transition deals followed discussions since last year for mutually beneficial arrangements in the spirit of

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-74894115264793780012009-07-01T12:57:00.002+08:002009-07-01T13:05:03.844+08:00

My overall portfolio was down by 26.96% at the end of June 2009. Total portfolio loss including dividends and realised losses or gains stood at 23.99%.For the month of June 2009, STI gained 0.17% from the previous month closing price. In contrast, my overall portfolio changed -3.6% from the previous month. That means my portfolio was underperforming the index. Actually STI is not an accurate

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-56581397237472086072009-06-14T01:40:00.002+08:002009-06-14T01:44:27.371+08:00

Dear Visitors,Thank you for visiting this blog. I wish to inform you that I will be on a holiday trip for the next two weeks. As such, I may not be able to update this blog regularly.I appreciate if you guys can carry on the spirit of sharing and chatting through my chat box. You can still post a message in the chat box if you need to communicate with me and I will try to read them whenever I

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-30311453076571415382009-06-11T21:24:00.000+08:002009-06-11T21:25:23.692+08:00

PetroChina may use SPC refinery for heavy crudesPetrochina & Singapore Petroleum Company (SPC) – Petrochina, which is buying SPC, will likely want to make changes at SPC's Singapore refinery so that it can process heavy crudes including those from Venezuela, industry officials here say. 'Going by what we've seen, more and more refiners are reconfiguring their plants to handle the more difficult

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com1tag:blogger.com,1999:blog-2818480333870774602.post-13799121849973084532009-06-09T16:38:00.010+08:002009-06-09T20:19:32.702+08:00

Almost all of the ETF listed on SGX are denominated in USD currency. Then there are many times when investors including me in the beginning have misconceptions that our investments in ETF can be depreciative due to the perceived declining USD currency in the long term.The above myth is definitely not true. For example, let us take a look at Lyxor China Enterprise (HSCEI) listed on SGX. This ETF

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-17256627236094439482009-06-09T15:26:00.002+08:002009-06-09T15:29:18.001+08:00

SembMarine unit sells PetroRigI rig to DiamondSembcorp Marine unit Jurong Shipyard has finally completed the sale of PetroRig I's semi-submersible rig to Diamond Offshore Services Company, a related company of major deepwater drilling services contractor Diamond Offshore Drilling. SembMarine declined to give details of the sale except to say it is expected to be completed by end-June. Industry

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-74642738751910719562009-06-06T23:25:00.000+08:002009-06-06T23:30:54.830+08:00

Closing STI (2 Jan 09) = 1829.71Closing STI (4 Jun 09) = 2362.74Change YTD = 29.13%StockPriceCapPELwPePEHiCRDTEROEPTBYldPPCRSIPCSMACAPITALAND 3.840 11,281 3.427 12.379 12.927 2.034 1.226 11.797 1.526 1.432 49.057 64.354 46.741 CAPMALL TRUST 1.310 1,434 3.868 3.898 12.366 0.000 0.000 0.000 0.000 10.771 -17.594 42.911 -43.134 CITY DEVT LTD 9.710 6,110 6.248 18.286 18.832 2.855 1.013 10.699 1.626

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-18388557560809325662009-06-06T23:20:00.000+08:002009-06-06T23:33:18.043+08:00

Closing STI (2 Jan 09) = 1829.71 Closing STI (4 Jun 09) = 2362.74Change YTD = 29.13% StockPriceCapPELwPePEHiCRDTEROEPTBYldPPCRSIPCSMAALLGREEN PROPERTIES1.020 1,123 1.057 20.482 21.687 2.319 2.319 0.679 3.002 1.961 137.209 71.138 88.235 ASCENDAS REIT1.570 1,829 2.049 10.607 10.607 0.123 0.123 0.725 7.681 9.614 15.375 58.205 4.577 ASCENDAS INDIA 0.705 371 3.578 261.111 268.519 2.027 2.027 0.472

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-31687032710517240142009-06-05T22:55:00.002+08:002009-06-05T23:00:29.835+08:00

Keppel Corp shares hit by Skeie newsKeppel Corporation – Shares of Keppel Corporation took a beating yesterday on news that one of its customers could be facing bankruptcy if a proposed restructuring fails to take off. Keppel shares dropped to as low as $6.90 in intra-day trading before ending at $7.08, but still 20 cents, or 2.75 per cent, down. More than 14 million shares changed hands. The

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-2347991919690098612009-06-04T21:28:00.002+08:002009-06-04T21:30:09.588+08:00

Keppel customer hit by restructuring snagKeppel Corporation – SKEIE Drilling and Production (SKDP), a customer of Keppel Corporation, is at risk of filing for bankruptcy if a proposed restructuring falls through. SKDP currently has construction contracts for three N-Class jack-up offshore drilling rigs with Keppel Corp's subsidiary Keppel Fels, valued at about $1.7 billion. On April 17 this year,

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-26469687854948961062009-06-01T23:48:00.003+08:002009-06-01T23:56:54.299+08:00

With regards to the letter that many others including me who wrote to EZlink back in September 2008, I am glad EZlink has the courtesy to offer free exchange for a new card reader.According to EZlink, the new ACR 122 reader will be available for sale in July 2009. But if you are currently holding the Sony Pasori card reader, you can try your luck and register for a free exchange of a new card

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-12822725523093328962009-05-31T23:09:00.006+08:002009-05-31T23:35:17.705+08:00

My overall portfolio was down by 23.6% at the end of May 2009. Total portfolio loss including dividends and realised losses or gains stood at 20.72%.I did a performance comparison of my portfolio against STI as a benchmark and found that my portfolio was actually underperforming STI by about 5% for the month of May 2009. Despite the underperformance, I am still comfortable with my passive

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-58462831355678662482009-05-28T20:29:00.000+08:002009-05-28T20:30:15.909+08:00

Golden Agri unveils $311m rights issueGolden Agri-Resources plans to raise $311 million through a 17-for-100 rights issue at an issue price of 18 cents apiece. Investors will also receive two free warrants for every five rights shares. The warrants, which have a three-year maturity date, can be exercised at maturity at 54 cents per share and at a conversion ratio of one warrant to one share.

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-16360260600678711962009-05-25T23:07:00.000+08:002009-05-25T23:09:04.339+08:00

I received this piece of news on email from a fellow Financial Advisor that NTUC Income is offering policyholders to upgrade their Incomeshield plan to a higher plan with NO underwriting. You are eligible for the upgrade if you meet the following criteria:a. Age of next birthday below 30 years old and with no past health insurance claim recordb. On standard Incomeshield plans (Plan

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-24406530630263368892009-05-24T22:34:00.003+08:002009-05-24T22:43:22.315+08:00

2 June 2009 Last day of “cum-rights” trading for the Rights Issue3 June 2009 First day of “ex-rights” trading for the Rights Issue5 June 2009 Rights Issue Books Closure Date10 June 2009 Despatch of the Offer Information Statement to Eligible Unitholders10 June 2009 Commencement of “nil-paid” rights trading18 June 2009 (5 pm) Last date and time for “nil-paid” rights trading18 June 2009 (5 pm) Last

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-43824087216788951532009-05-22T23:59:00.000+08:002009-05-23T00:01:12.983+08:00

Ezra raises $92.4m from share placementEzra Holdings, which provides support and marine services, has raised gross proceeds of about $92.4 million by placing out 78 million new shares at $1.185 each. In a statement, the group said the new shares represent some 13.4 per cent of its existing share capital of 579.9 million shares, and the issue price is a discount of about 6.25 per cent to its

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-35324378252141002922009-05-20T23:09:00.006+08:002009-05-20T23:34:51.289+08:00

Today DBS Vickers research group came out with their latest analysis on our S-REIT stocks. It is encouraged that investors can make good use of these information and analysis as an aid for the selection of their preferred REIT (Real Estate Investment Trust) stock.There are a few important factors that investors should look out for when deciding on a particular REIT. Basically the fundamental

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-68805266916263330622009-05-20T20:11:00.002+08:002009-05-21T22:23:39.330+08:00

PetroRig I acts to block rig sale by Jurong ShipyardJurong Shipyard's planned sale of a disputed rig could hit a roadblock after PetroRig I Pte Ltd filed an application before the bankruptcy courts in New York yesterday. The application is seeking a preliminary injunction restraining Jurong Shipyard, a unit of Sembcorp Marine, from selling the rig, and comes just hours before today's noon

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-2983498111533810202009-05-18T23:03:00.002+08:002009-05-18T23:05:45.447+08:00

CapitaLand sells 24 more The Wharf Residence unitsCapitaland has sold another 24 apartments over the weekend at The Wharf Residence at Tong Watt Road, off Mohamed Sultan Road, the listed property group said in a release yesterday. This comes after the sale of 85 apartments on Friday following a relaunch of the 999-year-leasehold project. The apartments are priced at between $1,300 and $1,600 per

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-30491921471010632002009-05-14T23:29:00.001+08:002009-05-14T23:31:49.081+08:00

Wilmar may list 20-30% of China businessPlantations giant Wilmar International said yesterday it plans to list 20 to 30 per cent of its China business in either Hong Kong or Shanghai. Chief executive officer Kuok Khoon Hong said that with rising affluence and rapid urbanisation, China will consume increasing quantities of high-quality processed agricultural commodities and other consumer

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-61831159728270301352009-05-13T21:15:00.003+08:002009-05-13T23:46:29.628+08:00

Noble to raise $125m from share placementCommodities trader Noble Group is raising net proceeds of about $125.5 million by placing out 84.7 million new shares at $1.52 each. The price represents a discount of about 2.5 per cent to the weighted average trading price from Monday up to the time at which the placement agreement was inked, it said yesterday.UOL gets big boost from negative goodwillUOL

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-64097775237690932362009-05-09T12:32:00.001+08:002009-05-09T12:35:27.148+08:00

Closing STI (2 Jan 09) = 1829.71Closing STI (9 Feb 09) = 1682.34Closing STI (7 May 09) = 2241.6Change Year To Date (YTD) = 22.51%Change 3 Months To Date (3MTD) = 33.24%StockPrev CloseChange YTD (%)Change 3MTD (%)ALLGREEN PROP 0.745 73.256 65.556 ASCEN REIT 1.550 13.905 24.000 ASCENDAS INDIA 0.695 52.747 36.275 BANYAN TREE 0.500 17.647 5.263 BIOSENSORS 0.480 60.000 37.143 CAPCOM TRUST 1.050 17.318

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-53709866909186487522009-05-09T12:19:00.003+08:002009-05-09T12:31:03.521+08:00

Closing STI (2 Jan 09) = 1829.71Closing STI (9 Feb 09) = 1682.34Closing STI (7 May 09) = 2241.6Change Year To Date (YTD) = 22.51%Change 3 Months To Date (3MTD) = 33.24%StockPrev CloseChange YTD (%)Change 3MTD (%)CAPITALAND 3.250 26.155 66.247 CAPMALL TRUST 1.310 -17.594 -15.468 CITY DEVT LTD 8.350 31.083 55.493 COMFORTDELGRO 1.340 -7.586 -3.597 COSCO CORP 1.230 29.474 41.379 DBS GRP HLDGS 12.000

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-39913319390940070022009-05-09T10:42:00.000+08:002009-05-09T11:51:04.954+08:00

ST Kinetics wins £9.5m UK govt contractSINGAPORE Technologies Engineering said yesterday that its land systems arm, Singapore Technologies Kinetics (ST Kinetics), has secured a £9.5 million (S$20.9 million) contract from the UK's Ministry of Defence to supply 40mm ammunition. Delivery will start in the second half of 2009 and will be completed in the first half of 2011. ST Kinetics has been

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-91408474498086278742009-05-06T17:20:00.000+08:002009-05-06T17:21:34.781+08:00

Price fall, absence of one-off gain hit Noble's bottomlineNoble Group yesterday reported a 46 per cent year-on-year plunge in its first-quarter net profit to US$90.2 million. It also separately unveiled a higher bid for Australia's Gloucester Coal. The plunge in earnings was caused by two key factors: a general global decline in commodity prices, which pushed revenue down 36 per cent year on year

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-92171494596276632342009-05-02T07:59:00.016+08:002009-05-02T12:59:49.045+08:00

My overall portfolio was down by 40.27% at the end of April 2009. Total portfolio loss including dividends, realised losses and gains stood at 38.89%.Finally I am starting to see a ray of light appearing across my investment horizon as some of my stocks begin to make positive gains. Overall I am still at a loss due to poor selections and early purchases of stocks. Despite a previously unrealised

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-58903238134759206772009-04-30T17:39:00.001+08:002009-04-30T17:41:35.788+08:00

Kepland clears air over cash callKeppel Land said yesterday that it did not enter into any negotiations at the beginning of the year, nor was it in any specific early discussions with banks, over a rights issue. The company had said that there was no need for a rights issue in January during its results briefing. But last week, Keppel Land announced that it was raising $712 million through a

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-23464644662076856072009-04-29T17:33:00.003+08:002009-04-29T17:35:06.075+08:00

UOL rules out current need to raise fundsUOL Group does not need to raise money currently but may consider a rights issue if it needs money to acquire assets, chairman Wee Cho Yaw said yesterday at the property company's 46th annual general meeting. Some shareholders, while asking pointed and detailed questions on the financial status of the company, also expressed happiness with the company's

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-52794071908112097382009-04-29T10:36:00.003+08:002009-04-29T10:48:56.275+08:00

11-May-2009 Last day of “cum-rights” trading for the Rights Issue11-May-2009 Lodgement of the offer information statement with the Monetary Authority of Singapore12-May-2009 First day of “ex-rights” trading for the Rights Issue14-May-2009 (5.00 p.m) Books Closure Date19-May-2009 Commencement of “nil-paid” Rights trading27 May 2009 Last day of “nil-paid” Rights trading2-June-2009 (5.00 p.m, 9.30

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com4tag:blogger.com,1999:blog-2818480333870774602.post-54884155723679813772009-04-23T23:10:00.003+08:002009-04-23T23:20:43.723+08:00

I just would like to share another promotion in case some of you who might not be aware of. Citibank has come out with another brokerage promotion to spur trading activities on their platform. For those who don’t have a trading account with them yet, I think it is a good time to open one and enjoy your first free trade with them.Subsequently, new account or existing account holders will get to

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com2tag:blogger.com,1999:blog-2818480333870774602.post-40126791308727854552009-04-23T22:44:00.001+08:002009-04-23T22:46:08.094+08:00

CapitaLand CEO bonus likely a hot topicCapitaland heads into its annual general meeting (AGM) today in the awkward position of having to justify the $20.52 million bonus paid to chief executive Liew Mun Leong in 2007. The huge payout, which is thought to be the largest bonus ever awarded to a chief executive here in a single year, has quickly become the talk of the town. The amount came to light

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-91772135261840449432009-04-20T22:40:00.000+08:002009-04-20T22:41:32.851+08:00

Order cancellations key issue at Cosco (S'pore)Cosco Corp (Singapore) – As Cosco Corp (Singapore) continues to weather an extremely challenging year for the shipping and shipbuilding industry, it's annual general meeting today should be an interesting affair as shareholders are likely to want some good answers as to how the fortunes of a one-time S-chip favourite could have slipped to the point

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-20150111035386551422009-04-17T22:38:00.000+08:002009-04-17T22:39:09.105+08:00

Raffles Medical Q1 net profit up 27.7% to $7.8mRaffles Medical Group – Despite a slowdown in topline growth, health care services provider Raffles Medical Group managed to turn in a 27.7 per cent year-on-year jump in first-quarter net profit to $7.8 million, buoyed by a combination of better operating efficiencies and brisk business in its health care services segment. Revenue for the three

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com1tag:blogger.com,1999:blog-2818480333870774602.post-24423886402520835822009-04-14T22:33:00.000+08:002009-04-14T22:34:53.843+08:00

Banyan Tree shares hit by Thai protestsBanyan Tree Holdings' shares fell yesterday as anti-government protests intensified in Thailand. Banyan Tree closed at 34.5 cents, down 5.5 per cent from 36.5 cents, while Thailand's biggest brewer and distiller Thai Beverage fell to 17 cents at the opening before recovering to close unchanged at 18 cents. Meanwhile, Total Access Communications - a Thai

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-21763651784664157242009-04-13T23:02:00.000+08:002009-04-13T23:03:15.266+08:00

StarHub rolls out treats to retain mobile customersStarHub yesterday started a broad based campaign to retain and expand market share in its mobile pre-paid customer base. For the rest of this year, Starhub will roll out 'Happy Treats' every Sunday for its pre-paid customers. For its first treat, Starhub decided to reach out to its customers by giving away a familiar favourite, Old Chang Kee

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-32668515696064816312009-04-10T00:16:00.002+08:002009-04-10T00:18:51.382+08:00

Ezra Holdings Q2 profits up 21%Ezra Holdings saw second quarter net profit rise 21 per cent to US$14.9 million - from US$12.4 million for the previous corresponding period - on a steady 30 per cent increase in revenue to US$63.0 million. For the first half to Feb 28 though, net earnings plunged 84 per cent to US$24.2 million from US$151.3 million in H108, the reason being that the comparative

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-67296375818064382812009-04-08T23:58:00.000+08:002009-04-08T23:59:46.636+08:00

M1 may name a new CEO soonMobileone has cast its net both locally and abroad in the search for a new chief executive and it is close to unveiling the replacement for former helmsman Neil Montefiore. 'The search committee should complete its work fairly soon,' said M1 chairman Teo Soon Hoe at the opening of M1's shareholders' meeting yesterday. Mr Teo, senior executive director and group finance

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-50777922497536169372009-04-07T23:37:00.000+08:002009-04-07T23:38:53.237+08:00

SPC to embark on full-scale natural gas venture in Q4Singapore Petroleum Company is set to embark on its first full-scale natural gas venture in the fourth quarter of this year when it commercialises gas production - selling it to an Indonesian power station - from its Kakap field there. Listed SPC, which is increasingly investing in upstream exploration and production assets to diversify its

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-12697099081471220592009-04-06T21:46:00.000+08:002009-04-06T21:47:57.260+08:00

SIA seeking shorter work month for pilots: unionSingapore Airlines (SIA) has proposed a shorter work month for pilots - with captains taking three days of no-pay leave per month and first officers taking four days - according to Air Line Pilots Association Singapore president P James. And discussions are said to be still going on between the union and SIA. The move is one of several measures SIA

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-26832671608014381692009-04-03T21:55:00.000+08:002009-04-03T21:56:59.382+08:00

Ascott Group aims for bigger global presenceThe Ascott Group, which is a wholly owned subsidiary of CapitaLand, will continue to expand over the coming years. 'We will continue to expand our presence to more cities to further strengthen Ascott's leadership position,' said Chong Kee Hiong, CEO of Ascott Real Estate. Through its three brands - Ascott, Somerset and Citadines - Ascott has 25,000

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-55371213145983709612009-04-01T23:27:00.003+08:002009-04-01T23:41:28.720+08:00

My overall portfolio was down by 49.92% at the end of March 2009. Total portfolio loss including dividends, realised losses and gains stood at 48.57%.I bought SGX shares through Phillip Share Builders Plan (PSBP) while suspending the Capitaland purchase. I was a bit disappointed because my first participation in a rights exercise was a failure. I did not manage to achieve my targeted number of

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com6tag:blogger.com,1999:blog-2818480333870774602.post-13115270772588205282009-03-31T10:23:00.006+08:002009-03-31T10:38:28.849+08:00

In my previous article, I did a post on Money Market Fund (MMF). I explained what MMF is all about and what are some of the factors that you need to consider before putting your money in the fund.With the current low interest rate environment, I believe these funds have lost its appeal. Nevertheless let me just compare two of the preferred MMFs available to local investors. They are Phillip and

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-40835930716192212332009-03-30T18:50:00.002+08:002009-03-30T18:56:31.736+08:00

I have a substantial number of stocks in my portfolio. When comes around this month of the year, my mail box will be dumped with many annual reports. I try to make a point to flip through some of them but I definitely won’t be able to read every single page. It will be a miracle if I can read everything as I am not an avid book reader.I think the most interesting part in receiving these reports

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-85621537582660469822009-03-30T18:07:00.000+08:002009-03-30T18:08:44.088+08:00

CEO pushes for a fighting fit KeppelKeppel Corp chief executive officer Choo Chiau Beng has made clear his immediate mission in his maiden annual report as CEO - to lead the company out of the downturn in fighting-fit condition. 'My top priority is to make Keppel fighting-fit by becoming leaner and stronger,' said Mr Choo. 'To achieve this, we are reviewing all our businesses to see how we can

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-10061757480785751922009-03-27T17:43:00.002+08:002009-03-27T17:46:22.466+08:00

SIAEC's Gulf Air contracts top US$100mSIA Engineering Company (SIAEC) – In one of its biggest maintenance deals with any single offshore client, SIAEC has clinched a three-year fleet management programme (FMP) with Gulf Air, bringing to more than US$100 million the total value of the services for the Bahrain-based carrier's current Airbus fleet. The FMP deal commencing in June this year will

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0tag:blogger.com,1999:blog-2818480333870774602.post-26822359653484085122009-03-26T17:26:00.000+08:002009-03-26T17:27:49.803+08:00

Raffles Education makes $30.5m share placementRaffles Education Corporation (REC) has placed out $30.5 million worth of new shares. The education services provider will issue 80 million shares at 38.1 cents apiece and said that the placement yesterday was 'comfortably oversubscribed'. The price was a near 10 per cent discount to the stock's average traded price of 42.3 cents on Tuesday. The

Mike Dirnthttp://www.blogger.com/profile/04811948691612939470noreply@blogger.com0