Singtel Regional Associate Earnings Fell 23 Percent in Q2FY19

I can see why Singtel’s share price has plunged as low as S$3.08 recently. According to Singtel’s latest quarter financial results, The associates’ post-tax profit contributions declined 23% mainly from
Airtel and Telkomsel in Q2FY19. The contributions from the associates were also negatively impacted by the strong Singapore Dollar. As mentioned in My Personal Analysis of Singtel48% of Singtel’s net profit comes from its Regional Associates which consists of Airtel, AIS, Telkomsel and Globe.

From the presentation slide from Singtel below, I can see that the two regional associates, Telkomsel, the indonesian Telco and India based Telco, Bharti contributed to the decline.

There was a lack of information from Singtel about its Regional Associates earnings, thus I can only rely on what I read about from other sources such as analyst review and news coverage. Read More

Sixty Nine Percent Invested Thirty One Percent Cash

The last time I checked how much have I invested versus how much cash I have on hand was almost 5 months ago which was in June 2018. At that point, I held thirty five percent cash and sixty five percent invested. As of 17 November 2018, I held 31 percent cash and my investment makes up sixty nine percent.

Knowing how much cash I have on hand is important as I know usually this is the period where the festive season is nearing and my expenses will increase due to buying Christmas presents and eating out at restaurants during family and friend gatherings. I needed to know how much extra cash I have to invest and thus to prevent over investing.

Last month, I paid in advance my daughter’s tuition fees. Recently, during the 11.11 sales, I bought myself a Nintendo Switch. This is not a necessity but I think playing it with my children will be fun and at the same time improve family bonding. One week ago, I bought a new pair of spectacles as my current spectacles are more than three years old. My eyesight have worsen. I guess this cannot be avoided as we are surrounded by electronic gadgets daily. All of the above are big expense items.

Here is a summary of the expenses.

Item Bought Amount Need or Want?
Children School Fees S$2,065 Need
New Pair of Spectacles S$645 Need
Nintendo Switch S$407 Want
Total $3,117

Next month of December is where most companies pay out their annual wage supplement or so called the “13th month”. It is also the last month for those who wanted to top up their supplementary retirement account to get tax rebates. I have not been very self discipline in topping up my supplementary retirement account this year. In fact, I have only been contributing to my supplementary retirement account these few months. I shall check how much cash I hold after getting my “13th month” wage before deciding how much further to top up my supplementary retirement account.

No Recovery In Sight Yet Based On OUE Hospitality 3Q2018 Financial Results

OUE Hospitality Trust Logo

It was another quarter of disappointing financial results for OUE Hospitality Trust. On 7th November 2018, OUE Hospitality Trust announced their 3Q2018 financial results. Despite claims of increasing tourists arrival to Singapore, the financial results was a sea of red.

Net Property Income (“NPI”) for 3Q2018 was $0.4 million lower than 3Q2017 due to lower gross revenue from the properties. Distributable income in 3Q2018 was S$1.3 million lower than in 3Q2017, and Distribution Per Share (“DPS”) for 3Q2018 was 1.28 cents, 5.9% lower than 3Q2017. The manager attributed the lower distribution to mainly the absence of income support for Crowne Plaza Changi
Airport (“CPCA”). Read More