The MSCI Singapore Index is one of the largest Singapore indices with 16 constituents (formerly 21). The Index tracks most of the biggest Singapore companies, with their total market capitalisation amounting to more than S$200 million. As part of MSCI’s quarterly review, it was announced on 14 May 2024 that 5 Singapore-listed stocks would be … Read more
HDB has launched a property listing portal (HDB Flat Portal), allowing owners and property agents to list HDB flats for sale. Initially, this service will be offered free of charge. This topic is particularly significant for Singaporeans, as the majority reside in HDB flats, which often represent the largest asset in a household. Additionally, this … Read more
The night is always darkest before the dawn. Although I am not entirely sure that it is now dawn for the Hong Kong market, I must admit that it has been a boon for those accumulating beaten-down Hong Kong blue chips. It would have been an easy 15% gain at least since the entire Hang … Read more
OCBC has announced an offer to buy the remaining 11.56% stake in Great Eastern that it does not own, at S$25.60 per share. The deal will be worth S$1.4 billion. The more interesting question is, why now? It’s not as if OCBC lacked funds. In fact, its recent quarter’s net profit was a record S$1.98 … Read more
[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