No wonder sifu Hansel started focusing in Australia market.

There s a thread on this Elea.

Then you must find a way to settle yr W8-BEN Form with KE, if you have not filled-in so when you first opened ur acct.. YOU can't g straight to the share registry because yr account in 'controlled' by KE. Frankly, this is one of the weaknesses of having nominee accounts, be it with Stanchart or with KE. The brokerage is cheap, but if their people are not cooperative, then it's a big problem there,...

Agree. Unless you are a big client to them, else ikan bilis like us they dont bother.

So far Std Ctd giving a good customer service. They had replied to every enquiry I sent.

I wonder if our shares investment exceeding sgd200k, will we entitle Priority banking membership ?

This post has been edited by prince_mk: Dec 11 2016, 06:59 PM

No bro,... they MUST help you with the W8-BEN Form. This is a critical matter, if they don't your channels are to make note to :-

1) The share registry of Manulife US REIT in Singapore,.. in this case, it would be Boardroom.

2) The Monetary Authority of Singapore (MAS).

Please call them to get help. This a serious matter.

Let us now how things turn out,...

YES, bro,....

Analysis and summary of SGX IPO trend in 2016

Initial Public Offering

As of 21st November 2016, IPO proceeds amounting to S$2.3 billion has been raised across 16 deals on SGX this year, which is equivalent to 36% of the total funds raised among the six Southeast Asia (SEA) stock markets. This also puts Singapore in the No.1 spot for IPOs in SEA this year.

This increase is fourfold from the S$512.4m raised from 13 deals in 2015. We can actually say that the IPO market in 2016 is actually better than 2015.

Even though the IPO proceeds increased by fourfold, they are mainly concentrated in only 3 companies. This top 3 listings which have contributed to 80% of the total market proceeds this year are Manulife US REIT, Frasers Logistics and Industrial Trust and EC World REIT. All these 3 listings are relatively big IPOs but they are all concentrated in the REITs sector – a sector more known for its stable dividend yield.

So why weren’t there more large size IPOs from other sectors this year? We can attribute this to 2 main reasons:

i) 2016 is a year full of uncertainties. At the start of the year, the market is already aware of potential black swan events like Brexit referendum and U.S. Presidential election. In an unstable economic and political environment, private companies’ owners are more likely to take the conservative wait-and-see approach. They would prefer to wait out these uncertainties to gain a chance to list their companies at a more favorable valuation in future.

ii) At the moment, SGX does not allow dual-class shares listings. This forces companies’ owners who wish to retain the control of their companies after IPO to seek listing on other exchanges. One such example was the listing of Manchester United on NYSE instead of SGX back in 2012. SGX is currently reviewing their approach on dual-class shares listings.

Factors that have affected interest on IPO

i) The performance of IPOs

The performance of the IPOs this year have been mixed. HC surgical, Advancer Global and Acromec are the only exceptions as they generated over 150% return on their IPO price, as of 05/12/2016. With the rest of the IPOs being flat or down, this may have dampened investor sentiments in IPO investing and in turn affects the willingness of companies to be listed.

The share price of the other 13 companies which debuted this year performed blandly, with some even dropping beneath the IPO price. In terms of percentage, this means that only 18% of the IPO this year performed relatively above expectations.

ii) Macro-economy
Due to the political and economic uncertainties, investors generally become more risk-adverse. As IPOs belong to the more high risk category of investment, it was shunned by many investors this year.

iii) Micro-economy
As mentioned earlier, the prohibition of dual-class shares listing by SGX at the moment may have also pushed some companies away from listing on SGX

Not all doom and gloom

With so many factors discouraging the companies from going listed, is it all doom and gloom for Singapore’s IPO market?

Not true. If the economy turns out for the better in 2017, which will in turn improves the mood of the stock market, the IPO market should be lively once again.

For example, during the bull market back in 2013, the public trench of 83.98 million shares of SPH REIT IPO at $0.90 SGD per piece was 25 times oversubscribed.

Compare this to one of the biggest three IPOs in 2016 – Manulife REIT’s public trench of 45.8 million shares at $0.83 USD per piece, which was only 1.6 times oversubscribed.

We can infer from this that there is a certain co-relation in the economy health and the interest in the IPO market.

Summary
With the OPEC and non-OPEC countries coming to an agreement to reduce output on oil production, this may inject some much-needed life into Singapore’s O&G industry within the next 2 years. With the O&G sector traditionally being the powerhouse of Singapore’s economy and if the oil price continues to sustain above the currency level, the economy outlook should be less pessimistic in 2017. IPO companies should be able to garner more interest in this upcoming year.

Frasers Centrepoint Trust - 1.92,.... steady, steady,....

maybe coz Sg economy is slowing down? 1st to feel is Retail?

Could be,.. but one or two of the other Retail REITs are still good,... did you pick up any news anywhere else why FCT is falling ?

Frasers Centrepoint Trust’s portfolio comprises six suburban malls, all located in Singapore. They are, in descending order of size, Causeway Point, Northpoint, Changi City Point, Bedok Point, YewTee Point and Anchorpoint.

the 6 malls in suburban areas..I went and check out 2 of it.. when I was in Singapore.
Very quiet. or Maybe its Weekday.

Its like Subang Parade at Subang Jaya owned by Hektar Reits...

For retail reit better stick to those in Orchard, MBS etc.. where the tourist is?

With all the doom/gloom news coming out of SG...

Not sure if I should let go my Wilmar shares... so far hit the 20% ROI alrdy (not including the dividen I received)...

FCT are strong at the north side. Both Causeway Point and Northpoint are sollid in their portfolio.

But reports said the malls and shopping ctrs in Orchard are more affected by the slowdown in shoppers traffic. FCT is strong in suburban malls. That's their niche, not the central malls,... let me go sniff around,...

Heard that the gradual fall in prices could be due to the big Thai shareholder pulling back his funds to Thailand. Don't know how true,... there has been no disclosure,...

Could this be an opportunity for us to go in ?

Anchorpoint is really a run down mall, opposite Ikea

Causeway point is linked with Woodland MRT / bus interchange, new thomson line also interchange here so the crowd traffic is huge.

Changi City Point is opposite Expo (outlet mall), alot of eateries and is situated within IT hub. Huge crowd during lunch hours

Bedok Point is next to Bedok bus interchange, huge crowd as well on weekdays peak hours.

What are you guy's opinion on this?
http://www.theedgemarkets.com/en/article/s...ess-global-etfs
Expensive or better DIY?

"I called Frasers Centrepoint Trust this morning and spoke with the man in-charge. He was very irritable, and ask me to chk properly. He said many called him recently."

Seeing the above feedback, there could be broiling prbs at FCT, for which we are not aware of yet because it is not disclosed to the public yet.

For now, I will steer clear of FCT !

Starhub fall back to where it was again one month ago