Maximum number of bids from last done price that orders can be placed is 30 bids. E.g. If UOB shares are trading at $21, lowest buy price that can be queued is $20.70 and highest sell price that can be queued is $21.30.
Updated on 28 March 2019
Month: March 2019
Client Services
Client Services can be contacted for issues regarding online trading e.g. reset password, issue of new password.
Hotline: 65369338 or email: cs@uobkayhian.com
Operating hours are from 8:30am to 6pm (for SGX, BURSA, and HKEx) and 10pm to 2am (9pm to 1am during Daylight Saving Time, for US markets).
Updated on 28 March 2019
Substantial Shareholder
Section 137 of the SFA requires a substantial shareholder of a listed corporation to notify the listed corporation of a cessation in the substantial shareholder’s interest within two business days after becoming aware of the cessation of interest.
75% of shares are required for voluntary delisting from SGX.
Catalist companies are not affected by Minimum Trading Price (MTP) rule.
Listed companies are placed on watch-list by SGX if they post three straight years of pre-tax losses and have an average daily market capitalisation of less than $40 million over the last 120 days that the stock has been trading.
Watch-list companies need to become profitable within two years or raise their market value above $40 million, failing which they may face delisting from SGX.
Requirements for removal from the watch-list are as follow:
-Achieving pre-tax profit for the most recent completed financial year, and
-Average daily market capitalisation of $40 million or more over the last 120 market days.
Updated on 28 March 2019
Discounted SingTel shares
Discounted SingTel shares were sold to Singaporeans in 1993 and 1996. The shares are held by CPF Board and are not reflected in CDP/ CPFIA statement.
The shares can be sold through a stockbroker. As multiple orders to sell the shares cannot be amalgamated, it is advisable to sell them in one order to save on brokerage.
When the shares are sold, sale proceeds will be refunded to CPF Ordinary Account.
Updated on 28 March 2019
SPDR Straits Times Index ETF
Central Provident Fund (CPF) savings can be used to invest in SPDR Straits Times Index ETF.
The ETF returned 8.4% on an annualised basis over the past 10 years, with dividends included.
Updated on 28 March 2019
SGX Odd Lots
Odd lots are traded on a different market and prices can vary substantially from board lots on SGX.
Odd lots can be accumulated and sold as board lots. E.g. 200 shares of STI ETF bought monthly over 5 months and accumulated into 1,000 shares of STI ETF can be sold on board lot market.
Short sell orders executed on SGX can be viewed via the following link:
http://www.sgx.com/wps/portal/sgxweb/home/marketinfo/marking_of_sell_orders
Updated on 28 March 2019
American Express Rewards Card Singapore
Spending yield on American Express Rewards Card Singapore:
Points awarding:
a) 1 Membership Rewards point for every S$1 spent
(S$1 = 1 point).
b) 50% more points on the first S$5,000 at your Favourite 5 places (S$0.666 = 1 point).
c) Favourite 5 + Spend S$5,000 on your Card in a calendar year and you’ll get 50% bonus points on all your spend – every time, everywhere
(S$0.50 = 1 point).
———-
Points redemption:
1. Card annual fee: 9,100 points – S$53.50
(1 point – S$0.00587)
a) Normal spending yield = 0.00587/1 = 0.587%
b) Favourite 5 yield = 0.00587/0.666 = 0.882%
c) Best possible yield = 0.00587/0.5 = 1.17%
2. Harvey Norman: 10,000 points – S$50 Voucher
(1 point – S$0.005)
a) Normal spending yield = 0.005/1 = 0.5%
b) Favourite 5 yield = 0.005/0.666 = 0.75%
c) Best possible yield = 0.005/0.5 = 1%
3. IKEA: 10,900 points – S$50 Voucher
(1 point – S$0.00458)
a) Normal spending yield = 0.00458/1 = 0.458%
b) Favourite 5 yield = 0.00458/0.666 = 0.688%
c) Best possible yield = 0.00458/0.5 = 0.917%
4. Watsons: 4,200 points – S$20 Voucher
(1 point – S$0.00476)
a) Normal spending yield = 0.00476/1 = 0.476%
b) Favourite 5 yield = 0.00476/0.666 = 0.715%
c) Best possible yield = 0.00476/0.5 = 0.952%
https://www.americanexpress.com/sg/credit-cards/the-rewards-card/
Updated on 28 March 2019
Business Economic Characteristics
Stock-broking used to be a lucrative business in Singapore because brokerage commission was fixed at 1%. After the commission was liberalised in year 2000, brokerage dropped to not more than 0.5%. Stock-broking is now a commodity-like business that competes on price. Businesses that compete on price generally don’t make good investments.
Newspapers were good businesses in the past because they were the main avenue to get news. With the proliferation of news websites, there are now many ways to obtain news. News are also received earlier online.
‘The Straits Times’, which is the predominant newspaper in Singapore, faces such challenges. It is owned by Singapore Press Holdings.
With the advent of emails, traditional mails are on the decline. On the other hand, the rise of e-commerce has increased the number of parcels that are delivered through mail. Such is the mixed fortune of Singapore Post.
‘Inevitable’ businesses make good investments. These businesses have toll road-like economic characteristics. They face little if any competition and are able to pass on price increases to consumers.
Examples of such businesses are ComfortDelGro, SBS Transit and SMRT. Due to their monopolistic position, these businesses are price-regulated i.e. government approval (Public Transport Council) is required before prices can be raised. These businesses happen to be capital intensive.
Updated on 28 March 2019
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