Thursday, September 21, 2017

Uber and Grab Hack Through Shopback

I have installed the ShopBack app for awhile and so far only used it to make one hotel and one flight booking a couple of months ago. Recently, upon checking my account, I noticed that I've accumulated $37.45 cashback. A pleasant surprise! 

Of course, this is not the main point here, I noticed that Shopback has a feature called Rides whereby user can instantly compare the transportation fee from Uber, Grab and normal taxi within a screen. Gone are the days where you need to check the estimated fee of each of these service providers, one app at a time. I did a cross-check against the Uber and Grab apps and confirmed that the fees indicated are correct.

Not only that, some of the trips also eligible for small cashback (take note of the red text underneath the options in the following images) if you make the booking through ShopBack app. 

Following are the sample screen shots of my recent search:

Screen 1 of 3

Screen 2 of 3

Screen 3 of 3
So, looks like ShopBack went one level up in their game, besides providing cash-back for everyday online shopping, it also provide price comparison feature which is cool. To check out more details of what ShopBack can offer, click here.

Conclusion? Looks like it's time for me to use more ShopBack app. 

Cheers!

Saturday, September 16, 2017

3 NLP Presuppositions Which Are Useful In Investing

For the past 2 days, attended the 2-days NLP (Neuro-Linguistic Programming) For Professional course at SIM. This kind of course is more experiential i.e. you need to be there and be part of it to really appreciate the new skills/tools. 

There are plenty of games, role plays and interaction. Overall, I am very happy with what I've learnt and it does provide me with different perspective in seeing the world. In gist, we all have our own "map of world" and most of the time it doesn't represent the real world, just our own version of seeing/interpreting it.

Among many skills/tools that I've learnt, one of the most powerful one (in my view) is the NLP Presuppositions. Basically, NLP Presuppositions are assumptions, attitudes, beliefs that are useful for creating/facing with change. It allows us to stay in control of our choices. They might not be true for all situation but it sure will help us act in a way that gets the result we want. Out of the 20+ stack of cards (NLP Presuppositions), I've hand picked 3 which I think will be useful in Investing context.

Here we go :

1. There is no such thing as failure, only feedback : I am pretty sure that most of us, retail investors, will try many different approach/methods of investing when are are starting out. Being a green horn at the initial stage, we do make mistakes and experienced loss trades, which are quite common. Just like this presupposition said, there is no such thing as failure (loss trade), just feedback that the way to trade is not working, it's time to learn from the feedback and move on. I also believe another similar quote "we fail only when we stop trying".  

2. If what you are doing is not working, do something else : On first sight, this might seems to be contradict with number 1 (this is what I debated with one of the participants when we are trying to dish out the NLP presuppositions card in of the the exercise). However, when you dig deeper, this presuppositions is looking at another perspective. For example, we are talking about investing here, initially you are investing through Technical Analysis (TA) and somehow doesn't yield the returns that you are expected or worst, constantly at a loss. Instead of totally give up investing, you can learn/choose another approach like Fundamental Analysis (FA). Or to be more extreme, investing in other vehicles like Property, Cryptocurrencies etc... As the saying goes, all roads lead to Rome.

3. When people know better, they can do better : I think this is quite clear among the retail investors, whom are mostly avid readers too.  

Of course, these presuppositions might seem like common sense, which I kind of agree too, but many a time, things work out best when we apply sufficient common sense. Don't you agree? 

Cheers!

Wednesday, September 6, 2017

Steemit - My First Real Life Blockchain Experience

Recently, I've been doing some reading and research on the Blockchain Technology as well as its key counterpart, cryptocurrency, along the way, I discovered Steemit. Hence, Steemit is my maiden real life blockchain experience. 

What is Steemit? 

Effectively, Steemit is a Blockchain-based Social Media platform (very similar to Reddit) which allows the users to publish content (blog), engage/interact with other users through comment and Upvote (equal to Facebook's Like button with a twist, more of this later). 

What is uniqueness of Steemit?

The unique selling point of Steemit is that it is integrated with their very own Cryptocurrency (STEEM) of which it form their very own Social Media ecosystem whereby users who are contributing to the site through their blog, comment, Upvote got to share the "revenue" of STEEM (mainly from mining as well as the Upvotes garnered, this is the twist that I am talking about earlier). STEEM can be converted to more popular cryptocurrencies like Bitcoin or Ethereum via the designated Exchanges.In fact STEEM is of of the trade-able alt-coins.    

In fact, this "revenue sharing" platform is nothing new, not too long ago, there are a couple of popular US sites like Hubpage, Squiroos etc.. provides such feature too (but their business model is through the advertisement revenue).  

What is my maiden Blockchain site experience like? 

In fact, I can't really tell the difference (in terms of User Interface) between a normal site and a Blockchain-powered site. However, I do noticed some key areas which are worth mentioning:

1. Since it's a Blockchain-based and the data/transaction is immutable (i.e. cannot be deleted/changed), the side effect is as follows:
a. The password (which is a long chain of characters/numbers) is auto-generated and you need to make sure that you keep it somewhere and not to lost it (there are triple reminders to warn you that once you lost it, there is no way you can get it back, not even Steemit). 
b. Once you've submitted your post/comment, you cannot un-do it. 

2. Not sure whether it is due to the Blockchain technology used, the system response time seems to be a bit lag (but still bearable) especially when committing transaction like "Post", "Upvote" etc..

That's all from me for now. I will continue to use it for a while and see anymore new discovery.

Do share your Blockchain/Cryptocurrency experience in the comment section, if any.

Cheers!

Friday, September 1, 2017

What Has Ubin Got To Do With Singapore's Blockchain Technology Adaptation?

As per my earlier post (click here for details), I am currently trying to read up more on the revolutionary technology called Blockchain Technology, which might not be new to some of you. So, this is a follow-up post on some of the stuff that I've read so far. 

Even with the massive hype of the cryptocurrencies in the past few months/years (especially Bitcoin and Ether), of which Blockchain in the underpinning technology, I do believed that Blockchain (as the foundation of future peer-to-peer transactions) is still at its infancy stage. Every Regulators and Financial Institutions  (including Singapore) are busy grappling with this new distruptive technology and see how they can/should deal with it.  

This bring me to what I am going to share today. 

Do you know that our very own Central Bank, MAS (Monetary Authority Of Singapore) has engaged Deloitte and a group of financial institutions to study the way of implementing tokenized Singapore Dollar (e-Currency) by using the Blockchain Technology (Ethereum)? Yes, the project has started and the project name is Project Ubin. For those who are interested to read more about Project Ubin, you can download the Paper (PDF) from MAS site here.

My focus is not so much about the tokenized SGD, but rather the Ethereum (Blockchain Technology) that allow us to develop Decentralized App, also called DApp, which has potential to facilitate any kind of peer-to-peer values/assets exchange, without the middleman. Hence, lower or zero cost.  

So, this Ubin is no ordinary Ubin! It sets to change the Singapore's financial ecosystem (for a start) and steer the adaptation of Blockchain technology to a wider scale in the future (i.e. not restricted to the financial industry). 

I think the future of Blockchain is bright and looking forward to be an early participant to this whole new world.

My final view is: You need not go banana about Cryptocurrency but you definitely need to know the potential of Blockchain 

Cheers!

Sunday, August 27, 2017

Review Openly - Value And Growth Investing Workshop

Yesterday morning, attended the Value / Growth Investing Workshop conducted by Terence (owner of T.U.B Investing) and John (owner of Simple Investor SG). This slightly more than 3-hours workshop focusing on their respective investment style/approach (Terence is on Value Investing and John is on Growth Investing). 

No, I didn't attended alone. I was being invited and went with two financial blogger/buddies, B (from A Path To Forever Financial Freedom) and Chris (from Growing Your Tree of Prosperity). You can read their respective posts on their blog links. 

The Workshop provided some fundamental concepts/differences between Value and Growth Investing and both of them managed to put across the key message : each approach has its own merits and no one if better than the other! So, it's up to the investors to choose which investment style/approach that they are attuned to. As the saying goes, all roads lead to Rome

Highlights of the workshop is the sneak peak of their upcoming brainchild project, Fundamental Scorecard. Basically, it comprises of two scorecards i.e.:

Ultimate Scorecard (by T.U.B Investing) -  Focusing on the Value Investing Criteria 
AND
Full Analysis (by Simple Investor SG) - Focusing on the Growth Investing Criteria

As the name implied, this scorecard is a scoring system and will comb through the 700+ SGX stocks and rank them basing on their respective designated parameters/criteria. Currently, this Scorecard only focus on SGX stocks but they have plan to extend it to Hong Kong stocks in the future too.  

Think of it like a formulated pre-set stock screener which not only provide you with the results but also give you a score on each of the company. I think this tool will come in handy for retail investors who want to start investing but don't know where to start? It will provide you a list of potential stocks for you to dig further. 

Personally, I believed that every tool/software has it's own set of limitation, however, as long as it serves its main purpose, it's deemed as a useful tool (like MS Words is a great tool for preparing document). From the initial sneak peak, I think Fundamental Scorecard has potential to be a useful tool for retail investors. 

I believed more details about Fundamental Scorecard will be made available online soon, do check out their respective blog (T.U.B Investing and Simple Investor SG) for further update.

Cheers!   

Saturday, August 19, 2017

Weekend Sharing - Recipe For Happiness and My Upcoming TUB experience (Investing Workshop)

Been quite slack with my blog ever since came back from my trip 2+ weeks ago. Work is getting busier but not complaining as at least I am still contributing.

This week has been plagued with negative news like regular massive train breakdowns during peak hours (locally) and never ending multiple terrorist related attacks (in Europe). Anyway, it's weekend once again, let's all have a well deserved rest and keep the positive energy flowing...

If you need some motivation to keep up with the positivity amidst the negativity and boost your happiness, check out the marvellous BBC News video (I called it "Recipe For Happiness") here:


The other thing that I am excited to share is about being invited by Terence (owner of the T.U.B Investing) to attend their very first Investing Workshop next Saturday (26th August 2017). It has been a while since I last attended such workshop, it's good for me to re-pickup my momentum and I am sure will be able to learn something new from them (I just get to know that TUB stands for The Unique Bunch and they are a team).

For more details about the workshop, you can check out their post here.


If any of you are happen to be there next Saturday, hope to say hi to you at the workshop :-)

Cheers! 

Sunday, August 13, 2017

Who Do You Compete With?

Once, Netflix CEO, Reed Hastings was asked who the company's biggest competitor was, do you know what is his answer? 

Not, it's not Amazon, neither Youtube.

His answer is profoundly bold : SLEEP! 

Yes, from his perspective, his focus is not with any of his competitors but rather focusing on his own product(s) as well as the customers. I deduced from his answer that he is trying to deliver a product that the customers are willing to sacrifice their sleep with. 

I think same thing applies to our investing journey or our life as a whole too. 

Just take a moment to think through, who do you usually compete with? 

Your siblings? 
Your classmates? 
Your colleagues..?
Your peer retail investors? 

The list goes on but I do agree with Reed Hastings that the one worth competing with is ourselves! Of course, I am not saying that competition is no good or it's not important. In fact, to understand what our competitors do/has/provide is key to success as we just can't operate in silo, but the focus should always go back to ourselves i.e. 

What we have achieved so far? 
What have we done right?
What have we done wrong?
What can we do better (against our "old" self)? 

Cheers!

Friday, August 11, 2017

Is Blockchain The Web 3.0 That We Are Waiting For?

During my recent trip to Europe, I chanced upon an interesting article in the in-flight magazine (Business Life) of British Airways. The article is entitled "Blockchain Frenzy", I managed to complete the whole article during the flight (it is not that long anyway) and the technology is intriguing enough for me to explore further with the book (Blockchain Revolution) which is cited in the article.

The more I read about Blockchain, the more I find it amazing and has potential to be the next wave of revolutionary technology that has potential to truly dis-intermediate any financial or business transactions. 

Following is the definition of Blockchain by Don and Alex Tapscott, authors of Blockchain Revolution:

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

It is Web 3.0!

If internet is the backbone of the eCommerce, which dis-intermediate many businesses in many industries, blockchain will be the backbone of the Master Contracts which will dis-intermediate the online providers. For example, with Blockchain technology, it is powerful enough to bypass the like of Uber, Paypal or Airbnb from the transactions. It is a straight through transaction between two willing parties.

So what does it means?

It means any financial or business transaction can be done quicker (in the tune of minutes or seconds) and cheaper (or even free). Of course, Blockchain technology is still at its infancy and most of the time we will link it to cryptocurrency like bitcoin etc.., but it is much much more than that.

Give it 3 to 5 years, I foresee it will have a massive impact in our everyday life, just like what internet or social media did to us now!  

The next thing I will do is to complete the book and dig further on this seemingly too good to be true technology.. when eCommerce is just starting out years ago, there are many skeptics too.

Cheers!

Tuesday, August 8, 2017

6 Interesting Recommendations to Get a New Business off The Ground (Guest Post)

When it comes to starting a new business, the task is often full of risks and challenges. However, there are a few tips that can be followed to tip the scales in your favour.

Here are a few of these gems.

1. Making Monday Count

There is a consensus on Monday being the most unpopular day of the week. However, if you are really passionate about your new business and you enjoy what you do, your Mondays will become exciting, so much so, that the work does not feel like work. Need extra office space or a space to conduct your annual meetings? The Work Pod is where you can make a booking to get the space you need and drive your business on the road to success.

2. Sell what you would like to buy

While there are several techniques that allow you to test the market for the bestselling products, they can take a lot of your time without giving you any definite results. Therefore, we offer a better, cleaner, and a faster method to determine which product you should be offering. How about selling what you would like to buy yourself? If you love a product, chances are that others with similar tastes will love them too. For example, the gifts at https://customgear.com.au/ are the kind that even the owner of Custom Gear would love to receive.

3. Be Enthusiastic

The world, including your own employees, customers, and especially the investors, will provide you with a number of reasons why your business would not work. According to Cruz and Co, a company that offers innovative solutions and expertise to small and medium business start-ups, the only way to win your way through all the negativity is to stick to your passion and be optimistic about it.

4. Product-Market Fit

A fatal mistake that any start-up owner makes is that they waste a lot of their time on administrative tasks, such as decorating the office or getting the payroll process in place. While these items should definitely be on the list, they are secondary importance when compared to figuring out the product- market fit for what you are planning to sell.

5. Satisfying the Customers

The success of a business is not determined by the price of the product being sold, but rather by how many long-term customers you have gained. This is where creating an emotional connection with your customers comes into the picture. Your start-up is bound to get off the ground if you successfully make customers for a lifetime as they will keep coming back to you for their needs.

6. Having Fun

Finally, the most important advice that comes from experience is to cultivate a work environment for the workers where they are motivated to work and feel satisfied. You can integrate happy hours, interesting corporate events, and fun filled outings, into their days. This will not only give them a well-earned break from their daily routine, but will also increase their productivity, which, at the end of the day, is your purpose after all.

Saturday, August 5, 2017

3 Money Related Tips I've Learnt From My Recent Trip

money tips
Time flies really fast, we are already in the month of August now! What? 

As I was just back from my free and easy trip to Europe (covering London, Sardinia and Paris, briefly) 2 days ago, that explains why I was MIA for the past 2 weeks :-)

This post is to share some of the money related tips (or lessons) that I've learnt personally during the trip and hopefully it is beneficial to you folks too, especially if you are planning for some upcoming free and easy trips (though some of these tips might not be new to you).   

Money Tips No. 1 - Uber:
When doing free and easy trip, transport cost is always one of the fluid cost that we need to take into consideration (or budget for it). Of course, with Uber coming into picture, it is more palatable as compared to the normal taxi/cab, especially in the European countries. 

Having said that, do take note that some smaller European city (like Sardinia, Italy that I've went to), Uber service is not available. So, you can either using their normal taxi service or public bus service. Lucky for us, their taxi service is not as expensive as in the big city like London or Paris. So, it is still palatable.   

When we were back to London and Paris, besides using the Underground (tube) service occasionally, most of the time we are using the Uber services. It is definitely a cheaper and more convenient option. Besides, I learnt that we can use Uber as a bargaining tool when negotiating with other similar private car services, especially those servicing the airport passengers. 

For my case, I managed to use the amount indicated in the Uber app and negotiate down with the driver from 80 Euros to 45 Euros (travelling from Charles de Gaulle Airport, Paris to our hotel).

Oh, by the way, if you are having a prepaid SIM card with new phone number, do remember to change the telephone number in your Uber App so that you are remained contactable by the Uber driver, when the needs arise. 

Money Tips No. 2 - Hotel Check-in Holding Amount:
Usually, for free and easy trip, we will need to arrange our accommodation prior to the trip. This tip is only applicable if you are arranging your accommodation at hotel i.e. Airbnb accommodation is not applicable. 

Most of the hotels in European countries will need you to produce your credit/debit card upon check-in for them to "hold" the room charges (plus extra 100 Euros/Pounds as deposit for other expenses). When you are checking-out, they will requires you to provide them the credit/debit card again for them to deduct the actual room charges (assuming you do not have any additional expenses during the stay, they will just charge the committed room charges i.e. without the 100 Euros/Pounds deposit) AND "release" the amount they hold upon check-in. 

Do take note that the amount they "released" is not instantaneous i.e. it depends on your credit/debit card provider's arrangement. For my case, I was using DBS Debit Card and I noticed that the "hold" amount has not been released upon my return to Singapore (even though the amount charged upon check-out already been deducted and shown in my online transaction history). 

Finding it odd, I made a call to DBS contact center to clarify and learnt that usually the bank will not automatically release the fund if the amount held is different from the amount successfully charged (remember the hold amount is 100 Euros/Pounds more?). So, with my call, they told me that they will help me to release the fund manually and even then, it is not immediate, it takes around 1 to 2 working days.

This tip has no savings or whatsoever but it is more for knowledge. 

Money Tips No. 3 - Check-in Luggage Allowance:
Similar to accommodation, usually, we would have settled our flight arrangement much earlier prior to our trip. The key here is to read carefully the check-in luggage allowance of the flight tickets that you are about to buy. 

For my case, I've bought the British Airways ticket from London to Paris, I thought since it is not a budget airline, I conveniently assume that the usual check-in luggage allowance (20 or 25 kg) will be included. 

I was wrong!  

Upon checking-in, I learnt that my ticket do not include check-in luggage allowance and since I need to check-in 1 luggage, I've got no choice but to buy it at the counter. The second shock is that the check-in luggage allowance fare is obscenely high if we were to get it at the counter, they charged me 65 Pounds, one way (as compared to 30 pounds if I were to get it online before check-in). Since I've already check-in prior to this shocking discovery, there goes the extra 35 pounds lol 

So, we learnt our mistake and bought the check-in luggage allowance online prior to checking-in for the return flight.  

In short, before hitting the confirm button when you are getting your air ticket, do counter check whether it covers the check-in luggage allowance, if "no", do remember to get it online prior to checking-in your flight, if you need one!

Last but not least, our 52nd National Day is just around the corner, wish everyone an early Happy National Day!

Cheers! 

Sunday, July 16, 2017

Netlink NBN Trust IPO and War For The Planet Of The Apes

In about two days' time, we will know the ballot result of the biggest IPO in the recent years, Netlink NBN Trust. So far, it attracted mixed response among the retail investors. Some view it as too expensive, some say that it has limited growth potential, while others think that there are other counters (especially REITs) can provide better dividend yield than this. On the other hand, some waited for this IPO for quite some time and since it's priced at a lower end of the initial indicated Price Range, it might be a great opportunity to try their luck for some profits.   

To each its own, we will know the outcome in a couple of days time, meanwhile, if you are still pondering, do make sure to make up your mind by 11:59 AM tomorrow (17/07/2017, Mon) :-) As for me, I will be trying my luck with my usual minion lots (see my earlier post on this IPO here). 

So, what does War For The Planet Of The Apes (the movie) got to do with this IPO? The truth is, absolutely nothing :-P 

I am sharing this is because today is Sunday and if you got intention to catch a movie today, this is the movie that you should seriously consider. It's the final chapter of the popular Trilogy (Rise Of The Planet Of The Apes in 2011, Dawn Of The Planet Of The Apes in 2014 and now War For The Planet Of The Apes). I am sure you will be emotionally vested with the apes (not the human being). 

Check out the trailer of War For The Planet Of The Apes here:


"Ape-yy" Sunday...

Cheers!

Wednesday, July 12, 2017

This Video Channel Will Accelerate Your Learning From Books

I am a bookworm and like to read, a lot. The problem with me is that I slow to read but quick to forget. Recently, I chanced upon a Youtube Channel which is quite cool (at least to me) whereby it will definitely accelerate (speed up) your learning from books. 

The Channel is called One Percent Better, hosted by a 22-something Australian called Brandon. He produced cool animated whiteboard drawing video, summarizing the salient points of the book that he read. He is not alone, occasionally, he will also rope in other similar channels' book summary videos. Overall, it is a great resource to get to know the gist of the book in less than 10 minutes time. 

Of course, reading (physical book or ebook) is a pleasurable hobby that cannot be easily replaced for many, you are still encourage to read the actual book as long as you've got time, but this resource do came in handy if you just want a quick summary of a particular book.  

Some example of the popular books can be found in the channel:

1. The Psychology of Persuasion by Robert Cialdini:

2. Tools of Titans by Tim Ferriss:

3. Think and Grow Rich by Napoleon Hill - How to Be Rich:

Hope this sharing is of some use to you and make you "one percent better" every week (I believed that's the original intention of Brandon when he created this Youtube Channel). 

Cheers!

Tuesday, July 4, 2017

Looks Who Are Coming Home?

No, I am not talking about the obvious : the upcoming release of the Spider-man Homecoming, but since we are on this topic, might as well. :-)

If you have not already know, the Spide-rman reboot is coming to cinemas near you this week. Basing on the early review, this is one of the best Spider-man thus far, very true to the comic (or so they said). Regardless, I am a superhero movies fan and will definitely catch it real soon. 

Not convinced? 

Check out the Spider-man Homecoming trailer below:


OK! Let's come back to the real homecoming that I am talking about. 

Drum roll........

It's the A&W fast food restaurants !  


Yes, you heard it right, after exiting from Singapore for more than 10 years ago, A&W (Allen & Wright) is making a come back, finally, as early as 2018.

For the official news, check it out here

Ohhh.. the curly fries, the root beer float (remember, the one with ice cream topping?)... Yum yum..

I am definitely looking forward to it (both the Spidey and A&W), what about you? 

Cheers!

Friday, June 30, 2017

HNA Commercial REIT - Another Upcoming Monster Size IPO

While everyone are buzzing around the upcoming monster IPO next Month (July 2017), Netlink Trust, do you know that there is another potential monster size IPO in 2017? 

It's HNA Commercial REIT

While it is still too early to provide the exact details, here are some known information of HNA Commercial REIT:

Estimated Issue Size : $$775 millions

Estimated Market Capitalization : S$780 millions to S$800 millions

REIT Manager : HNA-A EP REIT Management (Shenzen listed HNA Investment Group has 75% stake) in partnership with Singapore-based property fund management firm AEP Investment Management.

Estimated gearing : 28.6%

Portfolio: 5 Properties (Singapore : 26% ; Australia : 46% and UK : 28%):
Singapore - StarHub Green in Ubi (94.7% occupancy rate)
Australia - 41 George Street in Brisbane (99.8% occupancy rate)
UK - Trident Place Business Park (100% occupancy rate)
(The two remaining properties are office buildings in Sydney and Adelaide)

Personally, I am into REITS and don't mind trying my luck in IPO. However, it is still too early to dig deeper into it, have to wait for more details about the IPO price and its potential dividend yield etc.. before making any decision. 

As for Netlink Ttrust, I've decided to try my luck as per my earlier post here.

Cheers!

Tuesday, June 27, 2017

Netlink Trust - This Year's Biggest IPO Is Coming In July 2017

Netlink Trust IPO
Finally, the long-awaited Netlink Trust's IPO is more or less confirmed and its launch is just around the corner. Netlink Trust is the broadband arm of Singtel, as part of the infocomm regulator requirements, Singtel is forced to divest itself of more than 75 per cent of NetLink Trust before April next year. 

Following are some key information of the upcoming Netlink Trust's IPO:

Issuing units : 2.9 billions

IPO Price Range : 80 cents to 93 cents

Joint Issue Manager : DBS, Morgan Stanley and UBS 

To be listed on : Singapore Exchange (SGX) Mainboard

To be priced on : 7th July 2017 (Friday)

IPO Offer : 10th July 2017 (Monday), 5 PM to 17th July 2017 (Mon), 12 PM

To start trading on : 19th July 2017 (Wednesday)

Estimated net proceeds : up to S$2.69 billions

Use of the proceeds :
NetLink will use a portion of the IPO proceeds to buy Singtel’s broadband assets, with up to S$1.4 billion paid in cash and it will use 966 million units for the remainder of the amount due. NetLink will use another 40 percent of proceeds to repay a S$1.1 billion loan owed to Singtel.

Key businesses of Netlink Trust (source : The Straits Times):
NetLink Trust designs, builds, owns and operates the passive infrastructure for Singapore's Next Generation Nationwide Broadband Network (NextGen NBN), over which ultra-high-speed internet access is delivered throughout the island.

With this network, NetLink Trust is able to sell wholesale dark fibre services to Nucleus Connect, a StarHub subsidiary. Nucleus Connect manages the active infrastructure like switches and routers, and sells bandwidth connectivity to retail service providers (including Singtel, StarHub, M1 and MyRepublic) who sell the bandwidth with value-added services to end-users.

I am rather excited about this upcoming IPO for 2-folds, one is that I am expecting it to be sizzling hot and hopefully I am lucky enough to be part of it; secondly, I am vested with Singtel and hopefully there are some "by the way" good news from Singtel after the IPO (in the form of special dividend, for example).

What about you? Will you be interested in trying your luck on this IPO?

Cheers!

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