Monthly Archives: October 2010

Story of Appreciation

“ One young academically excellent person went to apply for a managerial position in a big company. He passed the first interview, the director did the last interview, made the last decision. The director discovered from the CV, that the youth’s … Continue reading

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Buy-in contract made by CDP

I mistakenly bought Mapletree Logistic Reit on the day before the start of trading of new IPO – Mapletree Industrial Reit. What caused my confusion was the nearly identical short names used by the stock broking firm for the two … Continue reading

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Retirement planning – CPF money

55 years of age is a milestone in a person’s working life. At 55, you are allowed to withdraw part of Central Provident Fund (CPF) CASH balances only after setting aside the CPF Minimum Sum and Medisave Minimum Sum. The … Continue reading

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Investment in equity and investor psyche

Equity investment is an important asset class. Knowing how to invest in stocks is crucial to building a portfolio. It is worth reminding ourselves that investment in equity is not a sure winner. When the stock market had a rally … Continue reading

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Privileged class of investors

The two recent government-linked initial public offerings (IPO), namely the Global Logistic Properties (GLP) and Mapletree Industrial Trust (MIT), saw their trading debut of their shares/units on the Singapore Exchange. On Day One of trading, GLP closed up 10.7 per … Continue reading

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Mapletree Industrial Trust – Price jumped on Day 1

Mapletree Industrial Trust’s (MIT) initial public offer (IPO) was 37.9 times subscribed. The public offer tranche was 27.7 times subscribed. This was significantly better than Global Logistics Properties’ (GLP) IPO which was 12 times subscribed. It appears that the retail … Continue reading

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Global Logistic Properties (GLP)

Global Logistic Properties Limited (GLP) owns 296 logistic facilities properties in China and Japan with a Gross Floor Area of 6.2 million square metres as at 30 June 2010. According to the prospectus, the Pro forma Net Asset Value is … Continue reading

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STI hit a high not seen since 16 May 2008

Last Friday saw the Straits Time index (STI) climbing to 52-week high at 3,204.27 points. This level was not seen since 16 May 2008, some 28 months ago, when the world was starting to come to grip with the impending … Continue reading

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Mapletree Industrial Trust

Mapletree Industrial Trust (MIT) is a real estate investment trust (REIT) set up by Mapletree Investments Pte Ltd, which is owned by Temasek Holdings. In 2008, JTC Corporation divested some of its high-rise ready-built properties including flatted factories, ramp-up and … Continue reading

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The Richest Man in Babylon by George S. Clason

George Samuel Clason started writing a series of pamphlets on thrift and financial success using parables set in ancient Babylon, since 1926 before the Great Depression of 1930s. Based on known historical and archaeological records, Babylon was a civilisation known … Continue reading

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