Sunday, May 1, 2016

OCBC first quarter results - Net Profit at S$856 million

OCBC Bank reported its first quarter results.  In summary:

  • Revenue dropped 2% to $2.06 billion
  • Net Interest Income rose 5% to $1.31 billion
  • Net Profit dropped 14% to $856 million.
  • Total non-performing loans ratio rose to 1% from 0.9% last quarter.
  • NAV was $8.20 (increase by 5.1%)
  • Earnings per share was 82.2 cents (down 17.6%)
OCBC Bank share price closed down at $8.77 (drop of $0.13).

Is OCBC a bargain at this price? 

Personally, I prefer DBS which is trading at a slight discount to its book value. Comparatively, OCBC does provide a slightly higher yield of 4 1% versus DBS 3.9%.

Monday, March 14, 2016

CapitaLand Commercial Trust (CCT) distribution history

Just thought that this might be useful reference for those looking for CapitaLand Commercial Trust (CCT) distribution history.

CCT distribution history

Wednesday, March 9, 2016

CapitaLand Commercial Trust to be added to Straits Times Index

The Straits Times Index or what is referred to as STI has 30 companies that form its constituents. FTSE Russell has announced that Capitaland Commercial Trust will take over the place of Noble Group which will drop out of the list. The changes will be taking effect on the start of business of 21 March 2016.

The 5 companies on the STI reserve list: Suntec Reit, NOL, First Resources, Singapore Post and Keppel Reit. These companies stand the chance to replace any firm in the STI that is subsequently dropped by FTSE Russell.

Tuesday, November 3, 2015

YuuZoo Corp granted gaming licence in Nigeria

YuuZoo Corp's subsidiary, YuuZoo Gaming, has been granted a full gaming licence to provide lotto services in Nigeria's Edo state. Lotto is a game of chance where people pick numbers to match those drawn. Nigeria is Africa's largest market with a population expected to reach 184 million.

YuuZoo CEO James Sundram sees games and gaming as key revenue generators. He expects to leverage the popularity of gaming in Nigeria to acquire new active users and monetize them through Lotto, e-commerce, advertising and mobile games.

YuuZoo shares last traded at $0.215.

Saturday, June 13, 2015

Understanding the Blackrock Group Multi-Asset Income Fund

Andy Warwick explains the tactical allocation of the Blackrock Group Multi-Asset Income Fund.

Tuesday, March 17, 2015

SIA plans to buy stake in South Korea's Jeju Air

It was reported that SIA is in discussions to buy an equity stake in South Korea's low-cost carrier Jeju Air. The announcements were made on 18 March though it was also stated that this might not necessarily lead to any transactions.

Jeju Air has a market capitalization of less than 1 billion Singapore dollars. As of writing, SIA was trading at $11.95.

The SIA Group currently comprises of SIA, Silkair, Scoot and Tiger Air.

Monday, December 1, 2014

Migrate to Australia

Migrating to Australia

Australia is country of immigrants.  With large swathes of land, a friendly climate and generally low unemployment rates, Australia is one of the top destinations for many people in Asia who are looking for a place to migrate to.  Whether it is true or not, many people also think that Australia has a generally slower pace of life compared to their own countries.  The standard of living in the cities and the surrounding suburbs are also generally high though racism is not uncommon.

Many people actually first experience Australia through their travels or undergraduate studies.  Many then decide that this is the place they wish to settle for the rest of their lives.

Australia boasts many good universities be it in Melbourne or Perth or Sydney.  While admission standards are high, they are generally easier to get in compared to the Ivy League universities or even top universities in Singapore.  People who study there should not have a problem landing a job especially if their studies are in areas where there is great demand.

Similar to many other countries, Australia uses a points system to decide whether an applicant is eligible to get a visa.  The most important factors are probably qualifications and skill sets.  If you hold a job and have the necessary qualifications in an area where there has been an identified shortage, it should not be difficult for you to migrate.  Jobs like nursing, teaching, etc are always in great demand.

People who are unfamiliar with the immigration process often hire professionals to settle the paperwork for them.  These professionals are also able to advise on the best route to obtain permanent residency in the country.

So if you are thinking of migrating, Australia might just be a really good option.

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