28 April 2017
Trades
NOBLE GROUP added 0.144
KEPPEL CORP added 6.48
SEMBCORP INDUSTRIES added 3.02
QAF added 1.35
SINGAPORE EXCHANGE added 7.41
JAPFA LTD added 0.63
PACIFIC CENTURY REGIONAL DEVELPMNTS bought 0.36
SEMBCORP MARINE bought 1.675
OKP HLDGS bought 0.39
CAPITALAND RETAIL CHINA TRUST sold 1.60, no more
SINGAPORE AIRLINES sold 10.35, no more
KEPPEL CORP added 6.48
SEMBCORP INDUSTRIES added 3.02
QAF added 1.35
SINGAPORE EXCHANGE added 7.41
JAPFA LTD added 0.63
PACIFIC CENTURY REGIONAL DEVELPMNTS bought 0.36
SEMBCORP MARINE bought 1.675
OKP HLDGS bought 0.39
CAPITALAND RETAIL CHINA TRUST sold 1.60, no more
SINGAPORE AIRLINES sold 10.35, no more
Labels: Live Trading Records
27 April 2017
HIAP SENG ENGINEERING added 0.174
JAPFA LTD added 0.63
SINGAPORE EXCHANGE added 7.41
NOBLE GROUP added 0.146
QAF added 1.355
JAPFA LTD added 0.63
SINGAPORE EXCHANGE added 7.41
NOBLE GROUP added 0.146
QAF added 1.355
Labels: Live Trading Records
Trades (26 Apr 2017)
NOBLE GROUP added 0.147
JAPFA LTD added 0.63
HIAP SENG ENGINEERING added 0.174
SINGAPORE EXCHANGE added 7.45
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
JAPFA LTD added 0.63
HIAP SENG ENGINEERING added 0.174
SINGAPORE EXCHANGE added 7.45
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
Labels: Live Trading Records
25 April 2017
Trades
LIAN BENG GROUP bought 0.585
HI-P INTERNATIONAL bought 0.68
OUE LIMITED added 2.00
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
HI-P INTERNATIONAL bought 0.68
OUE LIMITED added 2.00
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
Labels: Live Trading Records
24 April 2017
Trades
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
HIAP SENG ENGINEERING added 0.176
KEPPEL CORP added 6.48
OUE LIMITED added 2.00
NOBLE GROUP added 0.149
SEMBCORP INDUSTRIES bought 3.01
SINGAPORE EXCHANGE bought 7.43
HIAP SENG ENGINEERING added 0.176
KEPPEL CORP added 6.48
OUE LIMITED added 2.00
NOBLE GROUP added 0.149
SEMBCORP INDUSTRIES bought 3.01
SINGAPORE EXCHANGE bought 7.43
Labels: Live Trading Records
23 April 2017
有这5症状 你处于糖尿病前期
研究发现，痛风者较可能得到糖尿病。
二型糖尿病从1980年到2014年增加4倍，糖尿病前期也跟着增加，但是糖尿病前期的病人中，多达九成不知自己有这种状况，进而未做出能防止变成糖尿病的生活改变。除了验血以外，以下这些症状也显示你可能处于糖尿病前期：
皮肤出现像鳞片的发亮斑块：若你处于糖尿病前期，皮肤可能出现发红、棕色或发黄的斑块，称为“脂性渐进坏死”，看来发亮像鳞片，会痒。也可能有暗紫色的斑块，名为“黑棘皮症”，代表血液有太多胰岛素。
痛风：这是尿酸在体内累积，导致在关节、肌腱和骨头形成结晶体的关节炎。全球痛风病患不断增加，不再只是皇帝病。研究发现，痛风者较可能得到糖尿病，可能是因两者往往在肥胖的人身上出现。
皮肤变厚：你的皮肤是否紧绷或像蜡？这是“硬指症”，通常从手指或脚趾开始，但是可蔓延全身，有时这是因为高血糖伤害血管。
掉发：不少因素造成掉发，包括药物、基因和压力，但是也与糖尿病前期和二型糖尿病的主要征兆胰岛素阻抗有关。胰岛素阻抗就是你无法有效率的使用胰岛素，让糖从血液进入细胞，导致血糖高。
极度疲倦：偶尔精神不振是正常现象，但老是很难熬过一天就不正常。胰岛素阻抗可能是祸首，因为如果糖留在血液内不走，就无法被细胞利用产生能量。
如果你处于糖尿病前期，可采许多步骤避免变成糖尿病，专家建议采用地中海饮食并经常运动。约翰‧霍普金斯大学的研究发现，糖尿病前期者只要诊断六个月内减重10%，三年内得糖尿病的机率大降85%
二型糖尿病从1980年到2014年增加4倍，糖尿病前期也跟着增加，但是糖尿病前期的病人中，多达九成不知自己有这种状况，进而未做出能防止变成糖尿病的生活改变。除了验血以外，以下这些症状也显示你可能处于糖尿病前期：
皮肤出现像鳞片的发亮斑块：若你处于糖尿病前期，皮肤可能出现发红、棕色或发黄的斑块，称为“脂性渐进坏死”，看来发亮像鳞片，会痒。也可能有暗紫色的斑块，名为“黑棘皮症”，代表血液有太多胰岛素。
痛风：这是尿酸在体内累积，导致在关节、肌腱和骨头形成结晶体的关节炎。全球痛风病患不断增加，不再只是皇帝病。研究发现，痛风者较可能得到糖尿病，可能是因两者往往在肥胖的人身上出现。
皮肤变厚：你的皮肤是否紧绷或像蜡？这是“硬指症”，通常从手指或脚趾开始，但是可蔓延全身，有时这是因为高血糖伤害血管。
掉发：不少因素造成掉发，包括药物、基因和压力，但是也与糖尿病前期和二型糖尿病的主要征兆胰岛素阻抗有关。胰岛素阻抗就是你无法有效率的使用胰岛素，让糖从血液进入细胞，导致血糖高。
极度疲倦：偶尔精神不振是正常现象，但老是很难熬过一天就不正常。胰岛素阻抗可能是祸首，因为如果糖留在血液内不走，就无法被细胞利用产生能量。
如果你处于糖尿病前期，可采许多步骤避免变成糖尿病，专家建议采用地中海饮食并经常运动。约翰‧霍普金斯大学的研究发现，糖尿病前期者只要诊断六个月内减重10%，三年内得糖尿病的机率大降85%
Labels: Health
5 Things Every Investor Needs To Know
BY Chong Ser Jing | 22 April, 2017
The stock market can be a great place to build lasting long-term wealth. But, that can only happen if investors have access to information which can help them better understand what investing and the stock market is really like.
Such information may at times be hard to come by. So, here’s a list of five things (in no particular order) that every investor needs to know:
1. The stock market is very volatile over the short-term, but tends to move up over the long-term.
In the 15 years between 2002 and 2016, the Straits Times Index made annual losses of 10% or more in four separate years. In 2008, the index even declined by 47%. That’s rough.
But, the Straits Times Index has also gained 183% in total (inclusive of dividends) over the same period. With the stock market, you’d have to suffer some short-term pain for solid long-term gains.
2. A cheap valuation offers no protection whatsoever against losses over the short-term.
For those with a little more experience in the stock market, it may be common to hear the refrain that it’s better to invest when stocks are cheap. That’s sound advice – but it’s only half-true.
Source: Robert Shiller; author’s calculations
The chart above plots the annual returns of the S&P 500 against its starting valuation for a one year holding period using data that stretches from 1871 to 2013. As you can see, the chart’s essentially a scatter-plot – a low valuation can just as easily result in a great return as a poor one. This brings me to the whole-truth in the next important thing investors must know.
3. Buying stocks when they’re cheap helps you stack the odds of success in your favour over the long-term.
Chart 2 below is similar to Chart 1, except that it’s showing the S&P 500’s annual returns for a 10-year holding period.
Source: Robert Shiller; author’s calculations
When the investing time horizon’s stretched out from 1 year to 10 years, there’s now a much clearer relationship between a share’s valuation and its return – if you invest when stocks carry a low valuation, your chances of earning a good return become much higher. This is certainly not a water-tight conclusion, but it’s still very useful knowledge to have.
4. What the economy does and how stocks perform can have very little correlation over both the long- and short-term.
The fourth thing here that investors must know is counter-intuitive but true. I trust it’s easy to observe in Chart 3 that there’s essentially no correlation between Singapore’s annual GDP growth and the yearly returns of the Straits Times Index from 1993 to 2013.
Source: World Bank (for GDP figures); S&P Global Market Intelligence (for Straits Times Index)
The striking dichotomy that can exist between a country’s long-term stock market returns and economic growth is perhaps best exemplified by the following tweet from investment manager Ben Carlson:
Although China’s economy had grown by a heroic annual rate of 15% from 1992 to 2013, its stock market had declined by 2% per year over the same period. Meanwhile, Mexico stocks had climbed by 18% annually for the same timeframe despite its economy expanding by an anaemic 2% per year.
The state of a country’s economy is an important thing to consider when it comes to investing, but it’s not the only thing that matters. Investors who invest largely based on how much a country’s economy can grow may be setting themselves up for a rude shock.
5. The performance of a company’s business is a crucial driver of its share price over the long-term.
Peter Lynch, the legendary manager of the Fidelity Magellan Fund in the U.S. from 1977 to 1990, shared the following classic in a 1994 speech (emphasis is mine):
“I’m trying to convince people there is a method. There are reasons for stocks to go up. This is very magic: it’s a very magic number, easy to remember. Coca-cola is earning 30 times per share what they did 32 years ago; the stock has gone up 30 fold. Bethlehem Steel is earning less than they did 30 years ago – the stock is half its price 30 years ago.
Stocks are not lottery tickets. There’s a company behind every stock – if the company does well, the stock does well. It’s not that complicated.”
I couldn’t have put it any better. That’s how my fellow analysts and I look at it here at Stock Advisor Singapore too.
Follow us on Facebook for the latest in Foolish investing!
The stock market can be a great place to build lasting long-term wealth. But, that can only happen if investors have access to information which can help them better understand what investing and the stock market is really like.
Such information may at times be hard to come by. So, here’s a list of five things (in no particular order) that every investor needs to know:
1. The stock market is very volatile over the short-term, but tends to move up over the long-term.
In the 15 years between 2002 and 2016, the Straits Times Index made annual losses of 10% or more in four separate years. In 2008, the index even declined by 47%. That’s rough.
But, the Straits Times Index has also gained 183% in total (inclusive of dividends) over the same period. With the stock market, you’d have to suffer some short-term pain for solid long-term gains.
2. A cheap valuation offers no protection whatsoever against losses over the short-term.
For those with a little more experience in the stock market, it may be common to hear the refrain that it’s better to invest when stocks are cheap. That’s sound advice – but it’s only half-true.
Source: Robert Shiller; author’s calculations
The chart above plots the annual returns of the S&P 500 against its starting valuation for a one year holding period using data that stretches from 1871 to 2013. As you can see, the chart’s essentially a scatter-plot – a low valuation can just as easily result in a great return as a poor one. This brings me to the whole-truth in the next important thing investors must know.
3. Buying stocks when they’re cheap helps you stack the odds of success in your favour over the long-term.
Chart 2 below is similar to Chart 1, except that it’s showing the S&P 500’s annual returns for a 10-year holding period.
Source: Robert Shiller; author’s calculations
When the investing time horizon’s stretched out from 1 year to 10 years, there’s now a much clearer relationship between a share’s valuation and its return – if you invest when stocks carry a low valuation, your chances of earning a good return become much higher. This is certainly not a water-tight conclusion, but it’s still very useful knowledge to have.
4. What the economy does and how stocks perform can have very little correlation over both the long- and short-term.
The fourth thing here that investors must know is counter-intuitive but true. I trust it’s easy to observe in Chart 3 that there’s essentially no correlation between Singapore’s annual GDP growth and the yearly returns of the Straits Times Index from 1993 to 2013.
Source: World Bank (for GDP figures); S&P Global Market Intelligence (for Straits Times Index)
The striking dichotomy that can exist between a country’s long-term stock market returns and economic growth is perhaps best exemplified by the following tweet from investment manager Ben Carlson:
Although China’s economy had grown by a heroic annual rate of 15% from 1992 to 2013, its stock market had declined by 2% per year over the same period. Meanwhile, Mexico stocks had climbed by 18% annually for the same timeframe despite its economy expanding by an anaemic 2% per year.
The state of a country’s economy is an important thing to consider when it comes to investing, but it’s not the only thing that matters. Investors who invest largely based on how much a country’s economy can grow may be setting themselves up for a rude shock.
5. The performance of a company’s business is a crucial driver of its share price over the long-term.
Peter Lynch, the legendary manager of the Fidelity Magellan Fund in the U.S. from 1977 to 1990, shared the following classic in a 1994 speech (emphasis is mine):
“I’m trying to convince people there is a method. There are reasons for stocks to go up. This is very magic: it’s a very magic number, easy to remember. Coca-cola is earning 30 times per share what they did 32 years ago; the stock has gone up 30 fold. Bethlehem Steel is earning less than they did 30 years ago – the stock is half its price 30 years ago.
Stocks are not lottery tickets. There’s a company behind every stock – if the company does well, the stock does well. It’s not that complicated.”
I couldn’t have put it any better. That’s how my fellow analysts and I look at it here at Stock Advisor Singapore too.
Follow us on Facebook for the latest in Foolish investing!
Labels: Investment Quote
21 April 2017
Trades
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
JAPFA LTD added 0.66
OUE LIMITED added 2.00/2.01
HIAP SENG ENGINEERING bought 0.176
JAPFA LTD added 0.66
OUE LIMITED added 2.00/2.01
HIAP SENG ENGINEERING bought 0.176
Labels: Live Trading Records
20 April 2017
14 primary schools, 6 secondary schools to merge in 2019
By Lianne Chia Posted 20 Apr 2017 12:30 Updated 20 Apr 2017 13:24
SINGAPORE: Fourteen primary schools and six secondary schools will merge in 2019, due to smaller cohort sizes and changing demographics across housing estates, the Ministry of Education (MOE) announced on Thursday (Apr 20).
The changing demographics have resulted in an uneven distribution of students across primary and secondary schools, the ministry said at a briefing.
Demand for Primary 1 places in mature estates has fallen, resulting in surplus places and low enrolment in some schools. But at younger estates, new schools may need to be built to accommodate a higher demand for school places there, MOE said.
The primary schools being merged are:
- East View and Junyuan Primary, to be located on the site of Junyuan Primary.
- Balestier Hill and Bendemeer Primary, to be located on the site of Bendemeer Primary.
- Da Qiao and Jing Shan Primary, to be located on the site of Jing Shan Primary.
- Damai and East Coast Primary, to be located on the site of Damai Primary.
- Coral and White Sands Primary, to be located on the site of White Sands Primary.
- Casuarina and Loyang Primary, to be located on the site of Casuarina Primary.
- Cedar and MacPherson Primary, to be located on the site of Cedar Primary.
A new primary school in Sengkang, Fern Green Primary, will begin operations in 2018. MOE said this is to meet the high demand for school places in the estate.
The secondary schools to be merged are:
- Yuhua and Shuqun Secondary, to be located on the site of Yuhua Secondary.
- East Spring and East View Secondary, to be located on the site of East Spring Secondary.
- Hong Kah and Jurongville Secondary, to be located on the site of Jurongville Secondary.
For the first time, eight junior colleges will also be merged, making this is the largest school merging exercise in the past decade.
BENEFITS OF MERGING
In explaining the benefits of the merger for students, the Education Ministry noted that schools need a “critical mass” of students in order to run programmes that can meet students’ interests and needs.
In smaller schools, the range of educational programmes and co-curricular activities (CCAs) may be limited, it said. For example, Siglap Secondary was unable to continue with its Red Cross unit and badminton CCA.
With too few classes in a secondary school, the number of subject combinations at the upper secondary level may also be limited.
Students in merged schools will get a good spread of enrichment programmes, and the possibility of more subject combinations and CCA options, MOE said. For example, after Si Ling Secondary merged with Marsiling Secondary, students benefited from one new Learning for Life Programme in outdoor education, and one new Applied Learning Programme in environmental education. There were also two new CCAs.
The merging of schools is not new, the ministry added. Three pairs of primary schools were merged in 2015, four pairs of secondary schools last year, and 11 pairs of secondary schools will be merged this year and next year.
- CNA/lc
SINGAPORE: Fourteen primary schools and six secondary schools will merge in 2019, due to smaller cohort sizes and changing demographics across housing estates, the Ministry of Education (MOE) announced on Thursday (Apr 20).
The changing demographics have resulted in an uneven distribution of students across primary and secondary schools, the ministry said at a briefing.
Demand for Primary 1 places in mature estates has fallen, resulting in surplus places and low enrolment in some schools. But at younger estates, new schools may need to be built to accommodate a higher demand for school places there, MOE said.
The primary schools being merged are:
- East View and Junyuan Primary, to be located on the site of Junyuan Primary.
- Balestier Hill and Bendemeer Primary, to be located on the site of Bendemeer Primary.
- Da Qiao and Jing Shan Primary, to be located on the site of Jing Shan Primary.
- Damai and East Coast Primary, to be located on the site of Damai Primary.
- Coral and White Sands Primary, to be located on the site of White Sands Primary.
- Casuarina and Loyang Primary, to be located on the site of Casuarina Primary.
- Cedar and MacPherson Primary, to be located on the site of Cedar Primary.
A new primary school in Sengkang, Fern Green Primary, will begin operations in 2018. MOE said this is to meet the high demand for school places in the estate.
The secondary schools to be merged are:
- Yuhua and Shuqun Secondary, to be located on the site of Yuhua Secondary.
- East Spring and East View Secondary, to be located on the site of East Spring Secondary.
- Hong Kah and Jurongville Secondary, to be located on the site of Jurongville Secondary.
For the first time, eight junior colleges will also be merged, making this is the largest school merging exercise in the past decade.
BENEFITS OF MERGING
In explaining the benefits of the merger for students, the Education Ministry noted that schools need a “critical mass” of students in order to run programmes that can meet students’ interests and needs.
In smaller schools, the range of educational programmes and co-curricular activities (CCAs) may be limited, it said. For example, Siglap Secondary was unable to continue with its Red Cross unit and badminton CCA.
With too few classes in a secondary school, the number of subject combinations at the upper secondary level may also be limited.
Students in merged schools will get a good spread of enrichment programmes, and the possibility of more subject combinations and CCA options, MOE said. For example, after Si Ling Secondary merged with Marsiling Secondary, students benefited from one new Learning for Life Programme in outdoor education, and one new Applied Learning Programme in environmental education. There were also two new CCAs.
The merging of schools is not new, the ministry added. Three pairs of primary schools were merged in 2015, four pairs of secondary schools last year, and 11 pairs of secondary schools will be merged this year and next year.
- CNA/lc
Anderson, Serangoon JCs among 8 junior colleges to merge
SINGAPORE: Hit by falling student enrolment, eight junior colleges (JCs) will merge in 2019 – the first time that JCs here are merging, the Education Ministry announced on Thursday (Apr 20).
The following JCs will be merged:
- Anderson JC and Serangoon JC in the north-east, with the merged school located on the site of Anderson JC.
- Meridian JC and Tampines JC in the east, with the merged school located on the site of Meridian JC.
- Yishun JC and Innova JC in the north, with the merged school located on the site of Yishun JC.
- Pioneer JC and Jurong JC in the west, with the merged school located on the site of Pioneer JC.
Fourteen primary schools and six secondary schools will also merge in 2019, making this the largest school merging exercise in the past decade.
All eight affected JCs are Government schools which do not offer the Integrated Programme.
The mergers are based on geographical proximity so as to maintain a good spread of schools across the country, the Ministry of Education (MOE) said, adding that the sites for the merged schools were chosen based on accessibility to transport and quality of infrastructure.
Plans for the vacated school buildings are still being finalised but they could become holding sites or special education schools, which need more capacity, the ministry said.
Singapore's fall in birth rates has seen enrolment in JCs decline since 2014. The birth rate of Singapore citizens and permanent residents between 1993 and 2002 fell from about 49,000 to 39,000, a drop of about 20 per cent. The corresponding JC enrolment between 2010 and 2019 is projected to fall by a similar 20 per cent, from about 16,000 to 12,800.
Sufficient “critical mass” is needed for a school to offer a good range of educational programmes and co-curricular activities for its students, the ministry said.
A typical JC1 intake is about 800 students, MOE said, adding that if it does not take action, several JCs are likely to see a JC1 intake of just 200 to 400 students by 2019.
The geographical distribution of the school-going population has also shifted over the years, the ministry said. “While there is a higher demand for school places in newer housing estates, the demand in more mature estates has fallen,” it said.
TEACHERS WON'T BE RETRENCHED: MOE
Four JCs – Serangoon, Tampines, Innova and Jurong – will stop taking in JC1 students from next year. MOE said this is to minimise the need for JC students to relocate physically to another site.
The ministry also said that after the merger, it will still be able to meet the expected demand for JC places.
No staff members of the affected schools will be retrenched, MOE stressed. Affected teachers at the junior colleges will be posted to the merged school or redeployed – either to other schools or to the ministry’s headquarters.
Training and support will also be provided to teachers deployed to teach at the primary or secondary levels.
The names of the merged schools will be announced at a later date, while the new principals of the schools will be announced next year, said MOE.
It added that the history and heritage of the schools will continue to be passed down to the future cohorts of the merged schools, through a heritage space in the merged schools’ buildings.
“MOE will work together with the affected schools to ensure a smooth transition to the merged school for staff and students, and in the process, forge a strong identity for the merged school,” it said.
NO SUDDEN SWING TO POLYTECHNICS: MOE
The Education Ministry said the proportion of JC-eligible students has remained stable in the last five years, and there was no "sudden swing" towards polytechnics for tertiary education.
While the supply of places may be tighter next year with the four JCs stopping their intake of new students, MOE said it was prepared to maximise the places in the remaining JCs to accommodate demand.
As to why new JCs such as Eunoia were still being opened if enrolment was dwindling, MOE said that Eunoia JC was opened not to increase capacity but to give students more options, and for a more varied educational landscape.
The cut-off points will change for some JCs with the merger, the ministry said, with schools such as Anderson and Pioneer JCs likely to raise their cut-off points. This means that more students are likely to qualify for some of the merged JCs, according to MOE.
- CNA/lc
The following JCs will be merged:
- Anderson JC and Serangoon JC in the north-east, with the merged school located on the site of Anderson JC.
- Meridian JC and Tampines JC in the east, with the merged school located on the site of Meridian JC.
- Yishun JC and Innova JC in the north, with the merged school located on the site of Yishun JC.
- Pioneer JC and Jurong JC in the west, with the merged school located on the site of Pioneer JC.
Fourteen primary schools and six secondary schools will also merge in 2019, making this the largest school merging exercise in the past decade.
All eight affected JCs are Government schools which do not offer the Integrated Programme.
The mergers are based on geographical proximity so as to maintain a good spread of schools across the country, the Ministry of Education (MOE) said, adding that the sites for the merged schools were chosen based on accessibility to transport and quality of infrastructure.
Plans for the vacated school buildings are still being finalised but they could become holding sites or special education schools, which need more capacity, the ministry said.
Singapore's fall in birth rates has seen enrolment in JCs decline since 2014. The birth rate of Singapore citizens and permanent residents between 1993 and 2002 fell from about 49,000 to 39,000, a drop of about 20 per cent. The corresponding JC enrolment between 2010 and 2019 is projected to fall by a similar 20 per cent, from about 16,000 to 12,800.
Sufficient “critical mass” is needed for a school to offer a good range of educational programmes and co-curricular activities for its students, the ministry said.
A typical JC1 intake is about 800 students, MOE said, adding that if it does not take action, several JCs are likely to see a JC1 intake of just 200 to 400 students by 2019.
The geographical distribution of the school-going population has also shifted over the years, the ministry said. “While there is a higher demand for school places in newer housing estates, the demand in more mature estates has fallen,” it said.
TEACHERS WON'T BE RETRENCHED: MOE
Four JCs – Serangoon, Tampines, Innova and Jurong – will stop taking in JC1 students from next year. MOE said this is to minimise the need for JC students to relocate physically to another site.
The ministry also said that after the merger, it will still be able to meet the expected demand for JC places.
No staff members of the affected schools will be retrenched, MOE stressed. Affected teachers at the junior colleges will be posted to the merged school or redeployed – either to other schools or to the ministry’s headquarters.
Training and support will also be provided to teachers deployed to teach at the primary or secondary levels.
The names of the merged schools will be announced at a later date, while the new principals of the schools will be announced next year, said MOE.
It added that the history and heritage of the schools will continue to be passed down to the future cohorts of the merged schools, through a heritage space in the merged schools’ buildings.
“MOE will work together with the affected schools to ensure a smooth transition to the merged school for staff and students, and in the process, forge a strong identity for the merged school,” it said.
NO SUDDEN SWING TO POLYTECHNICS: MOE
The Education Ministry said the proportion of JC-eligible students has remained stable in the last five years, and there was no "sudden swing" towards polytechnics for tertiary education.
While the supply of places may be tighter next year with the four JCs stopping their intake of new students, MOE said it was prepared to maximise the places in the remaining JCs to accommodate demand.
As to why new JCs such as Eunoia were still being opened if enrolment was dwindling, MOE said that Eunoia JC was opened not to increase capacity but to give students more options, and for a more varied educational landscape.
The cut-off points will change for some JCs with the merger, the ministry said, with schools such as Anderson and Pioneer JCs likely to raise their cut-off points. This means that more students are likely to qualify for some of the merged JCs, according to MOE.
- CNA/lc
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
MAPLETREE COMMERCIAL TRUST reduced 1.59
VENTURE CORPORATION LTD sold 11.72, no more
OUE LIMITED added 2.01
MAPLETREE COMMERCIAL TRUST reduced 1.59
VENTURE CORPORATION LTD sold 11.72, no more
OUE LIMITED added 2.01
Labels: Live Trading Records
19 April 2017
Trades (19 Apr 2017)
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
MAPLETREE COMMERCIAL TRUST reduced 1.565
KEPPEL REIT reduced 1.065
OUE LIMITED added 2.01
INDOFOOD AGRI RESOURCES LTD added 0.465
COURTS ASIA LIMITED added 0.415
KEPPEL TELECOM & TRANSPORTATION added 1.75
BEST WORLD INTERNATIONAL LIMITED bought 2.22
MAPLETREE COMMERCIAL TRUST reduced 1.565
KEPPEL REIT reduced 1.065
OUE LIMITED added 2.01
INDOFOOD AGRI RESOURCES LTD added 0.465
COURTS ASIA LIMITED added 0.415
KEPPEL TELECOM & TRANSPORTATION added 1.75
BEST WORLD INTERNATIONAL LIMITED bought 2.22
Labels: Live Trading Records
Trades (18 Apr 2017)
CAPITALAND MALL TRUST (REIT) reduced 2.01
MAPLETREE COMMERCIAL TRUST reduced 1.55
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
INDOFOOD AGRI RESOURCES LTD added 0.47
MAPLETREE COMMERCIAL TRUST reduced 1.55
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
INDOFOOD AGRI RESOURCES LTD added 0.47
Labels: Live Trading Records
17 April 2017
Trades
IREIT GLOBAL sold 0.75, no more
MAPLETREE COMMERCIAL TRUST reduced 1.545
MAPLETREE GREATER CHINA COMM TRUST reduced 1.045
KEPPEL TELECOM & TRANSPORTATION added 1.76
COURTS ASIA LIMITED bought 0.425
MAPLETREE COMMERCIAL TRUST reduced 1.545
MAPLETREE GREATER CHINA COMM TRUST reduced 1.045
KEPPEL TELECOM & TRANSPORTATION added 1.76
COURTS ASIA LIMITED bought 0.425
Labels: Live Trading Records
13 April 2017
Trades
MAPLETREE COMMERCIAL TRUST reduced 1.545
SPH REIT reduced 0.995
COGENT HOLDINGS LIMITED sold 0.855, no more
GENTING SINGAPORE PLC sold 1.095, no more
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
SPH REIT reduced 0.995
COGENT HOLDINGS LIMITED sold 0.855, no more
GENTING SINGAPORE PLC sold 1.095, no more
MAPLETREE GREATER CHINA COMM TRUST reduced 1.04
Labels: Live Trading Records
12 April 2017
Trades (12 Apr 2017)
SPH REIT UNITS reduced 0.995
GENTING SINGAPORE reduced 1.08
MAPLETREE GREATER CHINA COMM TRUST reduced 1.035
GENTING SINGAPORE reduced 1.08
MAPLETREE GREATER CHINA COMM TRUST reduced 1.035
Labels: Live Trading Records
Trades (11 Apr 2017)
PARKWAY LIFE REAL ESTATE INVEST TST (REIT) reduced 2.57
SPH REIT UNITS reduced 0.985
CAPITALAND MALL TRUST (REIT) reduced 1.99
MAPLETREE GREATER CHINA COMM TRUST reduced 1.035
STARHILL GLOBAL REAL ESTATE INV TST (REIT) sold all 0.775, no more
SPH REIT UNITS reduced 0.985
CAPITALAND MALL TRUST (REIT) reduced 1.99
MAPLETREE GREATER CHINA COMM TRUST reduced 1.035
STARHILL GLOBAL REAL ESTATE INV TST (REIT) sold all 0.775, no more
Labels: Live Trading Records
10 April 2017
Trades
MAPLETREE GREATER CHINA COMM TRUST reduced 1.035
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.77
CAPITALAND COMMERCIAL TRUST (REIT) reduced 1.57/1.575
CAPITALAND MALL TRUST reduced 1.98
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.77
CAPITALAND COMMERCIAL TRUST (REIT) reduced 1.57/1.575
CAPITALAND MALL TRUST reduced 1.98
Labels: Live Trading Records
07 April 2017
Trade
MAPLETREE COMMERCIAL TRUST reduced 1.54
Labels: Live Trading Records
06 April 2017
具体操作
来源: 新手丙 于 2017-04-01
1. In money 后，锅一般不再亏，即上推止损点。（当然，这里咋处理in money，有许多拿捏，非字面之意，以后再谈。）
2. 如至2R， 锅定要出一半以上，同时再调止损。（这儿就是锅所说”咬牙关“的步，说易做难 -- 好多原因：A. 眼见利蚕食心痛，坚持不到2R；B. 止损上调太很，回调幅度稍大即踢出 等等）
3. 若有急利，即大长拔，那锅会毫不犹豫拿了再说（很多时候就用市价出。）
4. 所谓调止损点，只上调，决不下调。尽量心平气和接受失败，收拾自己，迅速move on to the next trade.
5. 重要支撑/阻力附近，止损处可做反手，如假突破。
首先，理念对头了，付诸实践，慢慢就上路了，嗯。。
1. In money 后，锅一般不再亏，即上推止损点。（当然，这里咋处理in money，有许多拿捏，非字面之意，以后再谈。）
2. 如至2R， 锅定要出一半以上，同时再调止损。（这儿就是锅所说”咬牙关“的步，说易做难 -- 好多原因：A. 眼见利蚕食心痛，坚持不到2R；B. 止损上调太很，回调幅度稍大即踢出 等等）
3. 若有急利，即大长拔，那锅会毫不犹豫拿了再说（很多时候就用市价出。）
4. 所谓调止损点，只上调，决不下调。尽量心平气和接受失败，收拾自己，迅速move on to the next trade.
5. 重要支撑/阻力附近，止损处可做反手，如假突破。
首先，理念对头了，付诸实践，慢慢就上路了，嗯。。
Trades
MAPLETREE COMMERCIAL TRUST reduced 1.54
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.77
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.77
Labels: Live Trading Records
05 April 2017
Trades
CAPITALAND MALL TRUST (REIT) reduced 1.98
SHENG SIONG GROUP LTD reduced 0.99
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.77
MAPLETREE COMMERCIAL TRUST reduced 1.54
MAPLETREE GREATER CHINA COMM TRUST reduced 1.03
SHENG SIONG GROUP LTD reduced 0.99
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.77
MAPLETREE COMMERCIAL TRUST reduced 1.54
MAPLETREE GREATER CHINA COMM TRUST reduced 1.03
Labels: Live Trading Records
04 April 2017
Trades
MAPLETREE GREATER CHINA COMM TRUST reduced 1.025
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.765
MAPLETREE COMMERCIAL TRUST reduced 1.54
KEPPEL REIT reduced 1.06
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.765
MAPLETREE COMMERCIAL TRUST reduced 1.54
KEPPEL REIT reduced 1.06
Labels: Live Trading Records
03 April 2017
Trades
MAPLETREE GREATER CHINA COMM TRUST reduced 1.025
MAPLETREE COMMERCIAL TRUST reduced 1.535
KEPPEL REIT reduced 1.055
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.76
PARKWAY LIFE REAL ESTATE INVEST TST (REIT) reduced 2.57
OXLEY HOLDINGS LTD added 0.555
MAPLETREE COMMERCIAL TRUST reduced 1.535
KEPPEL REIT reduced 1.055
STARHILL GLOBAL REAL ESTATE INV TST (REIT) reduced 0.76
PARKWAY LIFE REAL ESTATE INVEST TST (REIT) reduced 2.57
OXLEY HOLDINGS LTD added 0.555
Labels: Live Trading Records
02 April 2017
Home Equity Loan
All you need to know about cashing out your property without selling it via Home Equity Loan.
PropertyNet.SG :: Mar 27, 2017 :: Financing a Property, Property Blog, Property Guide 101, Residential Property :: 0 comments
In the earlier article, “Executive Condo (EC) or Private Condominium”, we raised a point that the owner of the EC, like the owner of a private condominium, can cash out from their EC without selling their home using home equity loan. Since then, we have received several enquiries regarding home loan equity and decided to put up this article to share with you on:
What is home equity loan?
Why cash out using home equity loan?
When can you start to cash out?
How much you cash you can get from home equity loan?
What is the loan tenure for home equity loan?
What are the costs involved in applying for home equity loan and how long it takes for a loan to be approved?
What’s the catch and potential risks of using home equity loan?
Tips to note when cashing out property using home equity loan.
What is home equity loan?
Home equity loan, or in broader terms, property equity financing, is a lump sum loan you can secure from the banks or financial institutes by using your equity in your property as collateral. The property can be an executive condo, private condo, private landed property or commercial property, but not HDB.
The amount of loan you can get from the bank depends on the value of your property at the point of time of application. And the value of your property is determined by an appraiser from the banks or financial institutes.
Very often, people used home equity loan to finance major expenses such as home renovation, kid’s education, business venture or other investments.
In Singapore, people usually cash out their existing property to buy their second property. And cashing-out your existing property to buy a second property is also the “secret” touted by several advertisers boasting how they can help someone with little or no cash to buy their second property.
Why cash out using home equity loan?
There are several ways to get cash out from your property, to sell your property or collect rent from your property. However, if both is not an ideal solution to you, home equity loan may be your best option.
While you may be considering renovation loan, personal loan, business loan, etc., home equity loan trumps the rest of the loan with its lowest interest rate. The effective interest rate for home equity loan is approximately 1.5 to 2%, while renovation loan is 4 to 10%, personal loan & business loan range between 10 to 25%.
With its low-interest rate, home equity loan can also be used to reduce other debts.
For example, you have a personal loan of $100,000 to be paid over 36 months with an interest rate of 10%; you will have a monthly payment of $3,227 and a total interest of $16,162 for the 36 months loan.
However, by using home equity loan to pay off the personal loan, you will be enjoying the low interest of 2% with a monthly repayment of $2,864 and the total interest payment of $3,113. Using home equity loan, you would have saved up to $13,049 of interest payable.
Tool used in the calculation: Loan Repayment Calculator
When can you start to cash out your property?
For private residential and commercial property, you can start to cash out any time. However, if you have just started to finance or refinance the property, you may incur a penalty for the existing mortgage loan.
For an executive condominium, you can only cash out your property after fulfilling the 5-year minimum occupation period (MOP).
How much you cash you can get from home equity loan?
Home Equity Loan Singapore
In general, the bank or financial institutes will lend you up to 80% of your property valuation if you do not have any outstanding loan, subjected to TDSR if you are borrowing over 50% of the property value. If you have an existing housing loan, you will only be able to borrow up to 50% of the property value, and subsequent (i.e. 3rd, 4th, etc.) will be 20% of the property value.
So, let’s say you can borrow up to 80% of your property which is valued $1,000,000, and you have used $200,000 in CPF with an outstanding loan of $250,000. The amount of cash-out fund available to you will be $350,000.
Cashout Fund = 80% of Property Value – CPF Used – Outstanding Loan
Putting in the number, you will get:
Cashout Fund = $800,000 – $200,000 – $250,000 = $350,000
If you have noticed, CPF monies will not be taken out from the property, to prevent you from drawing out your CPF monies earlier using home equity loan.
Recommended Reading: What is TDSR & LTV?
What is the loan tenure for home equity loan?
Your maximum loan tenure is 75 years minus your current age, minus the number of years you’ve spent servicing the loan. For example, you are 35 years old and have serviced your existing loan for ten years; your loan tenure can be up to 30 years.
Maximum Loan Tenure = 75 years – Current Age – No.of Years Servicing Existing Loans
Putting in the numbers, you will get:
Maximum Loan Tenure = 75 – 35 – 10 = 30 years.
Do also note that your maximum loan tenure for home equity loan is 30 years and not exceeding 65 years old. To illustrate, let say you are 30 years old and have serviced your current loan for ten years, your maximum loan is capped at 30 years.
Maximum Loan Tenure = 75 – 30 – 10 = 35 years (But capped at 30 years)
What are the costs involved in applying for home equity loan and how long it takes for a loan to be approved?
The cost will be on the legal fees for paperwork and valuation fees. They would amount to around $3,000.
And the loan will take about 2 weeks to 4.5 months to approve:
Existing Mortgage – approximately 2 weeks (take note of penalty if within lock-in period)
Full Paid Property – approximately 1.5 months
Refinancing + Equity Home Loan combo – approximately 4.5 months
However, if you are using your commercial property as collateral, you can go for property equity overdrafts. Property equity overdrafts allow you to have the cash on standby. When you need the money, you can draw down the standby cash up to the maximum facility limit. Apart from time flexibility, you also pay interest on the amount of money you have drawn, and have the flexibility to decide how much loan principal you like to repay at any time without penalty fees.
What’s the catch and potential risks of using home equity loan?
It cannot be Sunday every day.
The biggest catch is that you cannot use CPF to pay off the loan. In other words, you have to finance the loan using cash.
And let’s face it, taking up a home equity loan, or property equity loan is taking up debt.
The potential risks are:
Risk of default: When taking up home equity loan, you are using your property as a collateral. So, if you default, your property will technically be at risk to be repossessed by the bank to cover the balance loan amount.
Margin Call: During good times, the value of property keeps going up, and everyone is happy. But if things took a turn and value of property starts to tumble, banks will come knocking on your door to ask you to top up your home loan. For example, if you owe $800,000 on a $1,000,000 property and the value of the property drops to $700,000, there will be a difference of $100,000. The bank may issue a margin call for the difference of $100,000 which you have to pay in a short notice.
Tips to note when cashing out property using home equity loan.
Cashing out involves legal, valuation cost and time. Henceforth, do consider the amount you would like to cash-out. You do not want to end up needing to cash-out again because you will need to pay the legal and valuation fees again and have to wait for another 2 to 3 months.
After cashing out, do make sure you have emergency fund prepared for the unexpected. You could also take up insurance to protect yourself.
PropertyNet.SG :: Mar 27, 2017 :: Financing a Property, Property Blog, Property Guide 101, Residential Property :: 0 comments
In the earlier article, “Executive Condo (EC) or Private Condominium”, we raised a point that the owner of the EC, like the owner of a private condominium, can cash out from their EC without selling their home using home equity loan. Since then, we have received several enquiries regarding home loan equity and decided to put up this article to share with you on:
What is home equity loan?
Why cash out using home equity loan?
When can you start to cash out?
How much you cash you can get from home equity loan?
What is the loan tenure for home equity loan?
What are the costs involved in applying for home equity loan and how long it takes for a loan to be approved?
What’s the catch and potential risks of using home equity loan?
Tips to note when cashing out property using home equity loan.
What is home equity loan?
Home equity loan, or in broader terms, property equity financing, is a lump sum loan you can secure from the banks or financial institutes by using your equity in your property as collateral. The property can be an executive condo, private condo, private landed property or commercial property, but not HDB.
The amount of loan you can get from the bank depends on the value of your property at the point of time of application. And the value of your property is determined by an appraiser from the banks or financial institutes.
Very often, people used home equity loan to finance major expenses such as home renovation, kid’s education, business venture or other investments.
In Singapore, people usually cash out their existing property to buy their second property. And cashing-out your existing property to buy a second property is also the “secret” touted by several advertisers boasting how they can help someone with little or no cash to buy their second property.
Why cash out using home equity loan?
There are several ways to get cash out from your property, to sell your property or collect rent from your property. However, if both is not an ideal solution to you, home equity loan may be your best option.
While you may be considering renovation loan, personal loan, business loan, etc., home equity loan trumps the rest of the loan with its lowest interest rate. The effective interest rate for home equity loan is approximately 1.5 to 2%, while renovation loan is 4 to 10%, personal loan & business loan range between 10 to 25%.
With its low-interest rate, home equity loan can also be used to reduce other debts.
For example, you have a personal loan of $100,000 to be paid over 36 months with an interest rate of 10%; you will have a monthly payment of $3,227 and a total interest of $16,162 for the 36 months loan.
However, by using home equity loan to pay off the personal loan, you will be enjoying the low interest of 2% with a monthly repayment of $2,864 and the total interest payment of $3,113. Using home equity loan, you would have saved up to $13,049 of interest payable.
Tool used in the calculation: Loan Repayment Calculator
When can you start to cash out your property?
For private residential and commercial property, you can start to cash out any time. However, if you have just started to finance or refinance the property, you may incur a penalty for the existing mortgage loan.
For an executive condominium, you can only cash out your property after fulfilling the 5-year minimum occupation period (MOP).
How much you cash you can get from home equity loan?
Home Equity Loan Singapore
In general, the bank or financial institutes will lend you up to 80% of your property valuation if you do not have any outstanding loan, subjected to TDSR if you are borrowing over 50% of the property value. If you have an existing housing loan, you will only be able to borrow up to 50% of the property value, and subsequent (i.e. 3rd, 4th, etc.) will be 20% of the property value.
So, let’s say you can borrow up to 80% of your property which is valued $1,000,000, and you have used $200,000 in CPF with an outstanding loan of $250,000. The amount of cash-out fund available to you will be $350,000.
Cashout Fund = 80% of Property Value – CPF Used – Outstanding Loan
Putting in the number, you will get:
Cashout Fund = $800,000 – $200,000 – $250,000 = $350,000
If you have noticed, CPF monies will not be taken out from the property, to prevent you from drawing out your CPF monies earlier using home equity loan.
Recommended Reading: What is TDSR & LTV?
What is the loan tenure for home equity loan?
Your maximum loan tenure is 75 years minus your current age, minus the number of years you’ve spent servicing the loan. For example, you are 35 years old and have serviced your existing loan for ten years; your loan tenure can be up to 30 years.
Maximum Loan Tenure = 75 years – Current Age – No.of Years Servicing Existing Loans
Putting in the numbers, you will get:
Maximum Loan Tenure = 75 – 35 – 10 = 30 years.
Do also note that your maximum loan tenure for home equity loan is 30 years and not exceeding 65 years old. To illustrate, let say you are 30 years old and have serviced your current loan for ten years, your maximum loan is capped at 30 years.
Maximum Loan Tenure = 75 – 30 – 10 = 35 years (But capped at 30 years)
What are the costs involved in applying for home equity loan and how long it takes for a loan to be approved?
The cost will be on the legal fees for paperwork and valuation fees. They would amount to around $3,000.
And the loan will take about 2 weeks to 4.5 months to approve:
Existing Mortgage – approximately 2 weeks (take note of penalty if within lock-in period)
Full Paid Property – approximately 1.5 months
Refinancing + Equity Home Loan combo – approximately 4.5 months
However, if you are using your commercial property as collateral, you can go for property equity overdrafts. Property equity overdrafts allow you to have the cash on standby. When you need the money, you can draw down the standby cash up to the maximum facility limit. Apart from time flexibility, you also pay interest on the amount of money you have drawn, and have the flexibility to decide how much loan principal you like to repay at any time without penalty fees.
What’s the catch and potential risks of using home equity loan?
It cannot be Sunday every day.
The biggest catch is that you cannot use CPF to pay off the loan. In other words, you have to finance the loan using cash.
And let’s face it, taking up a home equity loan, or property equity loan is taking up debt.
The potential risks are:
Risk of default: When taking up home equity loan, you are using your property as a collateral. So, if you default, your property will technically be at risk to be repossessed by the bank to cover the balance loan amount.
Margin Call: During good times, the value of property keeps going up, and everyone is happy. But if things took a turn and value of property starts to tumble, banks will come knocking on your door to ask you to top up your home loan. For example, if you owe $800,000 on a $1,000,000 property and the value of the property drops to $700,000, there will be a difference of $100,000. The bank may issue a margin call for the difference of $100,000 which you have to pay in a short notice.
Tips to note when cashing out property using home equity loan.
Cashing out involves legal, valuation cost and time. Henceforth, do consider the amount you would like to cash-out. You do not want to end up needing to cash-out again because you will need to pay the legal and valuation fees again and have to wait for another 2 to 3 months.
After cashing out, do make sure you have emergency fund prepared for the unexpected. You could also take up insurance to protect yourself.
