Mapletree Commercial Trust DPU Increases For 3Q FY17/18

Mapletree Commercial Trust Logo

If you have followed my blog, you will know that I increased my stake in Mapletree Commercial Trust to 12% of my stock portfolio last year.

As Mapletree Commercial Trust has released their third quarter FY17/18 financial results recently, I am writing this post to do a quick check on overall performance. Overall, I am very pleased with their financial results especially that they have achieved a DPU growth of 0.9%. The manager reported higher revenue due to higher contribution from VivoCity and Mapletree Business City I (“MBC I”).

Here are the 3QFY17/18 financial results compared with 3QFY16/17. Read More

Free Ten Dollars Ang Bao For Car Owners

Recently, I was searching for cheap car insurance and came across this website called Budget Direct Insurance. For a limited time only (Chinese New Year 2018 Promotion), they are giving you ten dollars (S$10) for registering your vehicle details with them. You do not have to purchase anything.

I have registered and the next day, I received an email from them that I will receive my cheque in May. This is not a sponsored post nor is there any referral links. So check out their website (https://www.budgetdirect.com.sg/).

I also noticed a second promotion they are offering. If your current car insurance renewal quote is lower than what they can offer, they give you S$100!

Do share on my comments below if you have any good online car insurance deals to share.

My Personal Analysis of Silverlake Axis

This is my first personal analysis for the year 2018. Silverlake Axis has always been on my watchlist. It is a complex company for me to analyse and with my limited knowledge, I decide to do my best in analyzing this company and hope to make the right decision on whether to dive into this stock.

Business Overview

Silverlake Axis is a Fintech company that was founded in 1989 with track records of core banking implementations. Silverlake Axis was listed on Singapore’s Stock Exchange (SGX) SESDAQ in 2003 and moved up to SGX Mainboard in 2011. The company call the core banking solution they have developed themselves “Silverlake Integrated Banking Solution” or SIBS in short. Although the strength of Silverlake Axis is in core banking, they have ventured into other business segments such as insurance, retail, payment and logistics. The main markets are in South East Asia, but Silverlake Axis also have customers in Japan, Sri Lanka, Central Europe, Middle East, Africa, Australia, and New Zealand. Read More