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.


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?


Wednesday, June 21, 2017

4 Local Investing Apps In Comparison ( InvestingNote , StocksCafe , Spiking and Dr Wealth)

For retail investors, investing can be a daunting task in you were to include the following activities:

1. Doing market research by reading the relevant market news,
2. Reading Annual Reports (for Fundamental Analyst) or Analyzing charts (for Technical Analyst),
3. Keep track of your portfolio and evaluate your portfolio's performance, this is especially challenging if you have huge portfolio (in terms of number of stocks) and the needs to keep track of the incoming dividends etc...

The good news is, for item (1) and (3), there are a couple of local apps that can facilitate us in tracking our portfolio as well as consolidating news that are tailored to our interest. So far, I manage to uncover four (I am sure there are more to be uncovered) and each has its pros and cons. 

This post is just to share my personal view on them.

1. InvestingNote

a. A more comprehensive investing apps with salient features targeted at retail investors. Key features include portfolio tracking, watch list, charting, discussion between members (look at it like facebook of investing), price estimation of the counters and many more.
b. Cater to both FA (Fundamental Analysts) and TA (Technical Analysts) with its trending articles and quite comprehensive charting features. 
c. Provide daily email update of the current market news.
d. Able to track Singapore, Malaysia and USA stocks. 

a. Hmmm, can't find any yet :-)

My Favourite Unique Features:
a. Stock calendar whereby it list down the upcoming events of the selected stocks of yours.
b. Auto computation of overall profit/loss of your portfolio.
c. Gamification whereby the members are being ranked and points are awarded basing on the interaction/traction gained by the members. Points can be used to exchange for vouchers like FairPrice vouchers (latest news : most vouchers are out of stocks at the moment). 

InvestingNote is available in both iOS and Android

2. StocksCafe

a. Another feature-rich investing app. Key features include portfolio tracking (including dividend tracking), watch list, messaging between members, stock screener and many more.
b. User can share their portfolio or stock screenings openly (if they choose to).
d. Able to track Singapore, Malaysia and Hong Kong stocks. 

a. Some how the revamp app (iOS) looks more like a web page than an app, hence, less user friendly.

My Favourite Unique Features:
a. More comprehensive calculation of the profit/loss of the portfolio i.e. inclusive of the dividend yield, calculation of XIRR etc..

StocksCafe is available in both iOS and Android

3. Spiking

a. An investing app with more in-depth focused-features (i.e. not feature rich) in stock price alert and heavy weight investors' recent transaction.
d. Able to track Singapore, Malaysia and Hong Kong stocks
c. The UI (user interface) is most sleek and intuitive among all. 

a. It's a Premium i.e. you need to pay to become a PRO users (e.g. enjoying unlimited price alerts etc...)

My Favourite Unique Features:
a. The heavy weight investors' transaction

Spiking is available in both iOS and Android

4. Dr Wealth

a. It used to be available in iOS version in its previous generation whereby the usual portfolio tracking, Watch list and profit/loss tracking (including the dividend calculation) are available.  

a. Only available in Android (at the moment, I heard the iOS version is coming soon).
b. Only able to track Singapore stocks.

My Favourite Unique Features:
a. Not at the moment.

Dr Wealth is only available in Android

I am a member to the first 3 but not the last one because I am an iOS user. Among the 3, I find that InvestingNote is more comprehensive my top choice of investing app.  

Are you using any of them? What is your view?


Sunday, June 18, 2017

What Have I Learnt From The Lee Family Feud Saga?

First, happy Father's Day to all the fathers out there and hope you folks have a great family gathering/celebration. 

For the past week, I am sure the most viral headline news (both in mainstream and social media, local and international) is non other than our First Family's family feud, the Lee Family Saga.  One would wonder how come a family with such a high status and power are "washing their dirty linen" in the open? Anyway, only they themselves have the answer (or maybe not) but this post is not to side anyone involved, just a post to share what I've learnt just by reading this dramatic development of the event but I can tell you that this is a great source materials for the 溏心风暴, Heart Of Greed(famous Hong Kong Drama series) sequel. 

Here you go...

1. Different people see responsible act differently. Like Uncle Ben told Peter Parker (aka the Spiderman): With Great Power Comes Great Responsibilities, In this saga, the responsibility is so huge that it become a public interest/concern now (even though it might be started out as a family feud). 

2. It used to be MONEY is the root of all evils, actually I think it still is. Just that now probably POWER is the second root of all evils.

3. It is a blessing to be in living in a humble and average family. Imagine the stress and tension you are getting from all these saga?  

4. There is always 2-sides of the same coin. Who is on the right side (pun intended)? You go figure it out....

5. When you are younger and siblings are the only closely-knit family members you have, blood is thicker water, usually! However, when you are having your own respective families, that virtue might still stay true but diluted to be true within your own "branched-out" family only. That's where the conflict arises.... 

What have you learnt from this SAGA? 


Thursday, June 15, 2017

My Mutated DCA - Follow-up Action (3)

As highlighted in my earlier post (click here to see more), yesterday, decided to add another 900 shares to my mutated DCA (Dollar Cost Averaging) counter, Asian Pay Television Trust (APTT) @ 53 cents.It went down a bit as it just went XD (Ex-Dividend) yesterday.

So my average price per share now is sitting at 55 cents (2,700 shares).

I do still find value in this stock as per my earlier assessment (click here to read more).

At the moment, the valuation is at 0.6 Price/Book (P/B), 15.7 Price/Earning (P/E) and 12.50% Dividend Yield. 


Note : DYODD (Do Your Own Due Diligence) 

Monday, June 12, 2017

Why The 2 Upcoming IPOs (World Class Global and HRnetGroup) Do Not Strike A Chord With Me?

If you have not already know, this week alone, there are 2 new IPOs coming on board. They are:

1. World Class Global Limited - Offer at 26 cents per share and will close tomorrow (13/06/2017), 12 PM ;

2. HRnetGroup - Offer at 90 cents per share and will close on Wednesay (14/06/2017), 12 PM

After my little lucky break with Sanli's IPO (click here to see more) which I managed to release my 3,000 share on the first day of IPO at 37 cents subsequently, it might seems naturally for me to whack any new IPOs coming on board. But, that's not the case. 

Luck aside, somehow these two new IPOs doesn't strike a chord with me and I am going to give both of them a miss. 

Key reason? 

As my IPOs bet are usually not for long term holding, I find that both of them are having too high a valuation for my liking :-). World Class Global Limited is offered at 2.28 of P/B (Price/Book) and HrnetGroup is offered at PER (Price/Earning Ratio) of 22x.    

For more details on the valuation of these 2 IPOs, I think Mr IPO did a great job in compiling every single IPOs' valuation in Singapore, I don't think there is a need to reinvent the wheel here, just check out his posts below:

For those who are trying out your luck, all the best!


Saturday, June 10, 2017

How You Interpret This Story Is The Way You Perceived Joy

In Tan Chade-Meng's latest book, Joy On Demand, there is a mini story (or should I say joke) which I thought is quite funny and thought-provoking at the same time. So, I am sharing it here and provide my takes on this story/joke. 

The story goes like this:
Once upon a time, a Chinese guy went to see a fortune-teller. After the fortune-teller read his palms carefully, she said to him, "You are miserable now, and you will continue to suffer misery until you turn forty." He asked excitedly, "What happens after forty? Will my misery finally go away?" And she said, "No, after forty, you'll get used to it."
So, what do you think is the morale of this story?

Since it's a book about regaining your control over joy and happiness, I like to do a quick fun dissection on the way we interpret this story will determine how we perceived joy. Of course, there is no right or wrong answer, just how different people look at the same thing differently. 

I came out with the following few variation of the interpretation (from the Chinese guy's perspective):

A.  Believe the fortune-teller whole-heartedly and feel miserable (or get used to the misery) for the rest of your life.  OR

B. Don't believe all the thing that the fortune-teller said and continue to live your life as per normal (you might or not not agree with her that you are in misery state now). OR

C. Partially believe what the fortune-teller said and ask for her for ways/remedies to counteract this "misery" and act on it. OR

D. Start to question yourself on the intention of seeing fortune-teller, why let an outsider telling you what your future will look like? Shouldn't you be the one controlling or steering it?  

My personal interpretation (just treat it as me talking to myself, you can don't agree with me :-)):
Type (A) and (B) tend to perceive joy as a respond to the external elements i.e. the environment, the situation or action from other parties;

Type (C) and (D) tend to perceive joy is something from inside-out (or at least partially) i.e. you need to take some action/effort yourself in order to experience joy. 

What do you think?

Wednesday, June 7, 2017

Sanli Environmental Limited - The Hot IPO is 12.8 Times Subscribed

The latest IPO counter, Sanli Environmental Limited, received strong investors interest with 12.8 times subscription (for the 52 millions shares @ $0.225 each). As per my earlier post, I've tried my luck too and applied for some minion lots. 

This time round, I have a lucky break, managed to get 3,000 shares.. :-) If I remember correctly, this is the most IPO shares that I've gotten so far. 

Sanli Environmental Limited will start trading from tomorrow (08/06/2017), 9 AM. 

I guess the next question is: what would be the opening day's price? Let's do a poll, do you think it's opening price will A, B, C, D, E or F? 

A = lower than $0.225 (IPO Price)
B = Between $0.226 to $0.300
C = Between $0.301 to $0.400
D = Between $0.401 to $0.500
E = Between $0.501 to $0.600
F = $0.601 and above?     

My gut feeling is D (around $0.45), what is your gut telling you?


Tuesday, June 6, 2017

My Mutated DCA - Follow-up Action (2)

Today, I've decided to add another 900 shares to my mutated DCA (Dollar Cost Averaging) counter, Asian Pay Television Trust (APTT) @ 58 cents.

So my average price per share now is sitting at 56.5 cents (1,800 shares). I am looking to accumulate more after it went XD on 14 June 2017 whereby the share price is supposedly going lower.

I do still find value in this stock as per my earlier assessment (click here to read more).

At the moment, the valuation is at 0.67 Price/Book (P/B), 17.5 Price/Earning (P/E) and 11.21% Dividend Yield. 


Note : DYODD (Do Your Own Due Diligence) 

Monday, June 5, 2017

IPO - Sanli Environment Limited

The latest IPO, Sanli Environment Limited, which is going to be listed in Catalist, will be ending its offer tomorrow (6th June 2017, 12 PM) and start trading on 8th June 2017 (Thu). As Mr IPO has came up with a very good summary of the pros and cons of this upcoming IPO, for those who are interested to know more details about this upcoming IPO, can check out his post here

Oh! By the way, this IPO @ $0.225 obtained the hottest IPO rating (i.e. 3 Chillis) from Mr IPO :-)

I've just applied some minion lots today to try my luck. As I have not been lucky in the recent IPO applications, I will not put much hope on this either, just prepared to contribute the $2 administration fee to the bank. 

What about you? Are you or will you be vested? 


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