Alex Yeo 
[Update on 9 May 2024: IRAS to claw back S$60 million from private property buyers who used ’99-to-1′ scheme to reduce ABSD] The Singapore tax authorities known as Inland Revenue Authority Singapore (IRAS) launched an audit of private property purchases in April 2023. Their focus: 99-to-1 property ownership in Singapore that has been used as a … Read more
[Update on 9 May: The 20:1 share consolidation went ex-entitlement on May 7, with the record date on May 8.] Seatrium has received in-principle approval to undertake a share consolidation of every 20 existing share into 1 ordinary share. If you’re a Seatrium shareholder, you may be wondering what is going on, is this good … Read more
iFast released fantastic 1Q24 results that showed it grew its 1Q24 earnings by nearly 5 times, mainly from better contributions from iFast’s ePension business unit, as well as improvements in its core wealth management platform business. Here, we review iFast’s 1Q24 financials, look at the key current and future drivers, and understand iFast’s mid term … Read more
Mapletree Logistics Trust (“MLT”) (SGX: M44U) has seen a large price decrease of 10% in just one week. MLT also reached a new 52-week low as well as a new 5-year low, touching $1.29 on 19 April 2024. Here we look at reasons why MLT fell so much in just a week. Timing of rate … Read more
What are semiconductors? Semiconductor chips, commonly referred to as Semiconductors in the financial press is an electric circuit with many components such as transistors and wiring formed on a semiconductor wafer. Semiconductor chips controls and manages the flow of electric current in electronic equipment and devices. As a result, it is an essential component of … Read more