Friday, 9 August 2013

Dividend Chaser in Tragic accident at Chancery Hill

(From Article)

The two-year-old boy who was hit by a car his Italian grandfather was driving last Thursday is recovering from the accident, his mother told The Straits Times on Tuesday.

The freak accident happened when the boy cycled into the path of the car that his grandfather was reversing into the family's Chancery Hill Walk compound that evening. His grandmother, a woman in her 70s who was visiting from Italy, died trying to protect him from the impact, which severed the boy's leg. The boy's Caucasian mother, still distraught from the accident, declined to say more.

Chinese evening daily Shin Min reported that the deceased grandmother and her husband, also in his 70s, were in Singapore to visit their son, who lives at the Chancery Hill bungalow with his family.

The accident had happened when the grandmother, seeing the two-year-old cycling into the path of the car, yelled at her husband as she ran to try and lift the boy away. But in his panic, her husband mistakenly stepped on the accelerator, which caused the car to hurtle towards his wife and grandson. They were flung 5m into the wall.

Thursday, 8 August 2013

Dividend Chaser on Facial Moles and their meanings

(From Article)

The mole on the side of your lips make you feel like Cindy Crawford. It makes you feel beautiful and sexy but what does it mean according to the the Chinese Almanac, also known as the Tung Shu? Derived by the wise sages and philosophers of ancient China (together with the co-relation of codes, symbols and astrology) the secrets from the almanac regarding facial moles are revealed.


Position 1 to 3:  Rebellious, a free spirit, an innate creativity and you have an avante garde approach to life. Be your own boss rather than working for somebody as you basically cannot get along with parents, boss or the elderly. So do keep a distance.

Position 4: An impulsive person who is charismatic with a sparkling personality, you tend to be argumentative and have a temper. This mole seem to indicate that you will have an unstable life. You need to learn how to plan your life and career.

Position 5: (above the eyebrow) – May encounter misfortune brought on by family or friends, or may have bad luck with money. If you have a mole here, it is advisable not to be too trusting of others. Follow your instincts and be cautious. And never allow other people to control your finances.

A mole above the eyebrow indicates that there is wealth luck in your life, but you will need to earn it and work harder than most people

Position 6: (in the eyebrow) – Very smart, creative or artistic. Will have wealth and fame, and have good luck with money. A mole here indicates intelligence, creativity and skill as an artist. Your artistic talent can bring you wealth, fame and success.

It also indicates wealth luck, but this can only be fully realized if you follow your heart rather than stick to conventional means of making a living. Success will come if you are brave. 

Position 7: (on the eyelid) – Tend to have conflicts with family, and have problem keeping money. Moles under the eyebrows indicate arguments within the extended family that cause you grief and unhappiness. This will affect your work and livelihood.

Position 8: Have financial hardship. Need to prevent unwanted sexual advances. This is not a very good position for a mole. Your financial position will constantly be under strain because of a tendency to overspend. You also have a penchant for gambling.

The only thing is you must know when to stop. Meanwhile, someone with a mole here has a tendency to flirt with members of the opposite sex as well as with the same sex. Better be a little discerning where you exert your charms, or you might get into trouble. 

Position 9: Need to prevent unwanted sexual advances, and prevent accidents. This mole position suggests sexual and other problems. It is an unfortunate mole and you are well advised to get rid of it. It brings a litany of woes and a parade of problems. 

Position 10: Unlikely to have or to be with children or grandchildren. 

Position 11: Tend to be troubled by long term or severe illness. Moles here suggest a tendency to succumb to illness. It is a good idea to have this mole removed especially if it is a large, dark-coloured mole. Otherwise use lots of foundation to cover it. 

Position 12: Tend to have problems related to diet or food. A mole here foretells a successful but also a very balanced life. You are likely to be not just rich, but famous as well. But although you have every opportunity to live the high life, you will have a satisfying home and family life as well. Women with moles here are particularly lucky and tend to be beautiful and glamourous as well. 

Position 13: Always worry and work hard for children, but may not be able to enjoy a good relationship with them. Your children will be a big worry in your life. Your relationship with them is not good. There is nothing much you can do about this except to learn some tolerance. 

Position 14: Have high risk of food poisoning or allergy. A mole here suggests a vulnerability to food which can be a big problem in your life. You may have allergies against certain foods or you may simply be eating too much. 

Position 15: Do not reside at one place for long, move around a lot or have unstable environment. You are a person always on the move and constantly renovating and redesigning your house. You like to be introduced to new things and see new places. You are not happy if you remain in one place for long. You enjoy travel and adventure, and have a very observant eye. 

Position 16: Need to prevent unwanted sexual advances, and prevent food poisoning or diet problems. You need to be careful when it comes to eating, and also when it comes to your sex life. These are your two biggest problems.

You tend to have weight issues which can make you depressed. You enjoy romance, sometimes with more than one person, but because you are a person with some morality, you will feel guilty about it and this will cause you much stress. 

Position 17: You will be someone of great social prominence. You are active on the social scene and an excellent conversationalist. There is a tendency to become bigheaded about your success, which could lose you your good name. 

Position 18: Be mindful of your well being when traveling abroad. You are a person always on the move. There is a great deal of overseas travel in your life, but you should take extra care each time you cross the great waters, as your mole prefers you to stay at home. 

Position 19: Need to prevent unwanted sexual advances. You have money luck and many good friends, so this is a good mole to have. Your weakness is that you tend to succumb to the charms of the opposite sex. In your life, it is this that could get you into hot water, so do cool your ardour! 

Position 20: Life may be short, so live it to the fullest. Avoid any criminal acts. A mole here can be very lucky or very unlucky. If you have a mole here, you are destined either for extreme fame or infamy. You have great flair for creativity and are also highly intelligent, but your talents can be used for both good and bad.

You are not a person to be trifled with for you are no pushover and do not forgive and forget easily. This mole is a mark of someone who will go down in history either as a great or as a tyrant.

Position 21: Tend to have foot problems. Need to prevent water-related accidents. This is a good mole, as it suggests plenty to eat and drink throughout your life. This mole also brings fame and recognition.

Position 22: Need to prevent accidents while traveling. Your life is always happy and things go smoothly for you. You could well become a sports superstar if you have the passion for it. Moles at the end of eyebrows also suggest a person of authority and power. 

Position 23: Prominent and rich. You have a high IQ and EQ. You have a highly-developed survival instinct and will lead a meaningful and long life. You will be active until a very old age and will have friends and family around you till the very end. 

Position 24: You will achieve fame and fortune in your young age and are advised to use this period to safeguard your old age, as people with moles here tend to have a harder life as they get older. 

Position 25: You will enjoy good prosperity and recognition luck, but do be careful of excesses. Stay traditional in your attitude and you will have a long and fruitful life. 

Wednesday, 7 August 2013

Dividend Chaser on Soilbuild reits IPO

(From Article)

SINGAPORE — Singapore developer Soilbuild Group Holdings launched yesterday a S$457.5 million initial public offering of its business space assets, pricing its units at S$0.78 apiece, the lower end of its indicative range.

The IPO comes two weeks after two real estate investment trusts had somewhat mixed fortunes on their debut, with SPH REIT gaining 9 per cent but OUE Hospitality Trust ending flat.

Soilbuild Business Space REIT (Soilbuild REIT), which owns two business parks and five industrial properties, is offering 586.5 million units. The placement tranche comprises 524 million units and the public offer 62.5 million units. Soilbuild had previously set an indicative price range of S$0.77 to S$0.80 per unit.

At S$0.78, the REIT offers a dividend yield of 7.7 per cent based on projections for fiscal 2014.

Soilbuild and founder Lim Chap Huat will hold an interest of about 27 per cent in the REIT post-IPO, the company said.

According to DTZ Debenham Tie Leung (SEA), the REIT offers the largest exposure to the business park segment compared with other Singapore-listed REITs. It has the highest proportion of business park assets — 42.5 per cent by purchase price compared with 8 per cent to 21 per cent for other listed Singapore industrial REITs.

The IPO portfolio is valued at S$935 million, with an aggregate gross floor area of more than 3.2 million sq ft as of end-June.

The IPO closes on Aug 14, with listing scheduled for Aug 16.

Citigroup, DBS Group and Oversea-Chinese Banking Corp are managing the offering. With Agencies

Tuesday, 6 August 2013

Dividend Chaser on Global Premium Hotel Results

(From Article)

Tuesday, 6 August 2013

Global Premium Hotels

OCBC on 5 Aug 2013

The 2Q13 results for Global Premium Hotels (GPH) were generally in line with our expectations. Revenue climbed 1.0% YoY to S$15.4m and gross profit rose 1.1% to S$13.4m. Administrative expense fell 19.4% to S$5.5m mainly due to one-off recognition of IPO expenses of S$1.4m in 2Q12. Interest expense was 9.8% higher at S$1.9m due to the restructuring exercise undertaken by GPH pursuant to the IPO in 2Q12. 2Q13 net profit climbed 36.2% to S$4.9m. 2Q13 hotel room revenue increased 1.3% YoY to S$15.1m. RevPAR was 2% higher at S$95.7, chiefly due to higher average occupancy rate of 93.1%, up 3.4 ppt. We expect 2H13 to be slightly better than 1H13 because we understand from industry sources that the sector as a whole has seen some stabilisation in 3Q13. Using a 10% discount to RNAV, we maintain our fair value of S$0.33 and BUY rating on GPH.

2Q13 results in line
The 2Q13 results for Global Premium Hotels (GPH) were generally in line with our expectations. Revenue climbed 1.0% YoY to S$15.4m and gross profit rose 1.1% to S$13.4m. Administrative expense fell 19.4% YoY to S$5.5m mainly due to one-off recognition of IPO expenses of S$1.4m in 2Q12. Interest expense was 9.8% higher at S$1.9m due to the restructuring exercise undertaken by GPH pursuant to the IPO in 2Q12. 2Q13 net profit climbed 36.2% to S$4.9m. 1H13 revenue and net profit came to 48% and 51% of our prior respective full-year estimates, which we are adjusting slightly.

Higher occupancy drove RevPAR growth
2Q13 hotel room revenue increased 1.3% YoY to S$15.1m. RevPAR was 2% higher at S$95.7, chiefly due to higher average occupancy rate of 93.1%, up 3.4 ppt. GPH's operational performance figures were stronger than its peer group's. RevPAR for Singapore hotels in the Economy and Mid-tier categories saw RevPAR in each month of 2Q13 fall by low to high single-digit percentages. GPH's rental income for 2Q13 dropped by 13.4% YoY to S$246k due to the disposals of the Changi Road property and Pasir Panjang commercial property in 2Q12.  

Expect 2H13 to be stronger than 1H13
We expect 2H13 to be slightly better than 1H13 because we understand from industry sources that the sector as a whole has seen some stabilisation in 3Q13. Management continues to believe that with the increasing prevalence of budget airlines in the region, the performance of GPH's economy-tier and mid-tier hotels will continue to be resilient, despite increasing hotel room supply for the industry.

Maintain BUY
Using a 10% discount to RNAV, we maintain our fair value of S$0.33 and  BUY  rating on GPH.

Monday, 5 August 2013

Dividend Chaser on Not getting into primary school of choice

(From Article)

My Son Can't Get Into My School of First Choice!

Keep calm and carry on

It's OK. Take a deep breath. Nothing bad will happen to your child.  Keep calm and carry on.

Many parents have been panicking recently and indulge into self-blame: Why haven’t I volunteered so my child can get into the best primary school? There are so many primary schools; which is the best? Will my kid’s future be affected because he didn’t get to his choice school?

As a practical and kiasu person, I will tell you that you are fretting over nothing. I think all primary schools here are great in Singapore and we can worry about the “branding” of the school later, when your child is in his secondary school years and beyond.

Here are four reasons why you should take a chill pill.

1. All Singapore primary schools are great

All singapore primary schools are great (credit: SPH)

I cannot claim I am the expert in this but I did relief teach in several schools over the past decade, tutored children from different schools and have friends who are primary school teachers. I have seen the teaching materials, the dedication of the teachers and I grew up as part of the Singapore education system. Our school system is ranked fifth in the whole world last year, according to a report by the Pearson Group. Even the worst in Singapore can't be all that bad, right?

With the social media, kiasu parents and stiff competition these days, I think all teachers and schools in Singapore are striving to be the best.

2. Personal experience

I was from Yishun Primary School, a neighbourhood school.

Back in the 1980s, parents didn’t care as much but I think my mates and I turned out alright. I did well enough for my PSLE to go to the Chinese High (now called Hwachong Institution.) Some of my classmates went to Raffles Institution, St Nicholas Girls’ and moved on to have great careers in life. There was even a classmate who became a president's scholar.

3. Parents Matter Most

Most importantly, in the primary school years, parents are the most important. You influence your child the most in his childhood.

George Bush and George Bush Jr (credit: AP)

You are the person the child depends on his whole life- he listens to you more than anyone else. Your values are his values. We have seen how musicians breed children who become musicians because of the nurturing from young. Look at Frank Sinatra and Nancy Sinatra or Nat King Cole and Natalie Cole. In politics, we have George Bush and George Bush Jr who are both U.S. presidents.

According to Dancy Hango, a researcher at the London School of Economics and Political Science, parental involvement in their children's lives can have a "lasting impact" on well-being. The investment in the child's potential human capital through relationships, or social capital, is crucial for educational success, said James Coleman in his report in the American Journal of Sociology in 1977. Regardless which school your child is enrolled in, without your valuable input, he may not achieve as much.

And during the Primary school years, most of the time, we will be able to coach our children in their school work.

4. It's only primary school

If this were high school, I would agree the choice of school is crucial because the child is entering puberty. That's when there's a strong desire for autonomy and distance from the family. You wouldn't be able to influence him even if you wanted to.

And perhaps, we would have forgotten our secondary school chemistry and wouldn’t be able to coach him as well.

job interview (credit: mensite.pl)

If this is a choice between going to Harvard or some unknown community college in the suburbs, yes, one needs to be make a wise decision. But always put things in perspective- this is JUST primary school. The child can manage if he goes to a less well-known school. And when he grows up, no matter how fussy the organization is, nobody will ask which primary school he is from when applying for jobs. Trust me.

What you could do instead

I spoke to a lot of parents recently and they complained how their children are not enjoying their childhood and they would prefer their child to have fun and “not become a cyborg,” as one father put it.

Then start making the change. It begins from you.

In the children's most impressionable years, it’s the parents’ onus to impart the values they deem to be most important to their kids. Studies are important indeed, especially in Singapore. But you are the best person, not the school, who knows what your child’s talents are. A good school can complement your child’s growth but the parent’s role can never be substituted.

My father talked to me about current affairs when I was a kid and encouraged me to submit essays to the papers. I had a whole file of my compositions printed on the local papers by the time I was 12. He realized my passion for broadcasting and bought me a radio when I was 10: I would always be so grateful to him for that.

I was a radio DJ for a few years, while I was studying for my degree. I moved on to be a journalist at international organizations. And I may not have pursued my passion for writing if my dad hadn’t encouraged me when I was young.

To be sure, it’s definitely assuring to have great, caring teachers and the “best” school for your child. The years between six and 14 are a time of important development advances that establish children's sense of identity, according to Jacquelynne S. Eccles, a professor of education the University of Michigan.

But the truth is only you can be the best mentor for him. Great if your child got into the school of his choice, but if he didn’t, it’s not the end of the world.

Because your child still has you--- his greatest asset. So relax now, enjoy your time with your kid, while he still doesn't mind hanging out with you. ;)


 



Friday, 2 August 2013

Dividend Chaser on Moneymax IPO

(Personal Sharing)

Moneymax started trading on 2Aug2013.  It did well on the first trading day. It was priced at 0.30SGD for its IPO price and it started trading at 0.495 at one point.

I was allocated 1 lot although I subscribed for 5 lots. I sold it at 0.45SGD and I was happy that I made profit around 120SGD. 

Well done to myself.

Thursday, 1 August 2013

Dividend Chaser on phase 2C primary one registration results

(Personal Sharing)

I never realized phase 2C primary one registration can be so 'exciting'. The 2 neighbourhood primary schools near where I am staying both exceed the allocated vacancies in this phase.

Does this mean there are not enough primary school in jurong west? Yes or No.

No. Some not so strategically located primary schools are less popular. 

The chart tells the story.