Singapore stocks, real estate and wealth topics.
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
[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
There are 631 stocks listed on the Singapore exchange. I’ve limited the dataset to the Straits Times Index (STI) constituent stocks, then use the SGX Stock Screener to filter for those with a Price-to-Book (PB) ratio of less than 1 which means that they are trading below their net asset value. Would we be able to … Read more
What is fixed deposit? Fixed Deposits aka Time Deposits are interest generating bank accounts with a pre-determined maturity. They let you grow your money at a fixed rate over a period of time (referred to as ‘tenure’ or ‘tenor’). Fixed deposits interest rates tend to follow the current market’s interest rate. Hence, although they have … Read more