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Sunday 27 July 2014

Cash - Closing Status 25 July

Donated $55 to Food From The Heart

Divested away Boardroom 2 lots in this week as part of usual portfolio re-balancing for a small $9 nett gain.  From its 3Q14 financial results, revenue +3.2%, profit -20.7%.  Higher revenue mainly driven by the continuing increase in activities in the Share Registry Services business.  Lower profit because of opex +7.7%, interest on borrowings +9.8%, income tax true-up.   At the moment it is in a legal suit matter in Australia of AUD 3.9 mil.

Divested away CM Pacific 15 lots in this week as part of usual and active Cash stock holdings re-balancing for $151 nett gain; total stock holding in it now at 15 lots.  For its 1Q2014 financial results, revenue +6% driven by the revenue growth from Yongtaiwen Expressway which accounted for 80% of its revenue.  Profit +14% driven by higher profit contribution from its toll road assets and the recognition of deferred income and effective interest income on compensation receivable from the relocation of certain toll stations along the Guihuang Highway. This was partly offset by higher finance costs and withholding tax and lower exchange gain.It recently announced the acquisition of Jiurui Expressway.  The Jiurui Expressway is a newly-opened expressway with promising growth potential in traffic flow. It is one of the key routes in Jiangxi Province, PRC and an important interprovincial boundary crossing, passing through Jiujiang Municipality, PRC and connecting with Ruichang Municipality, PRC. Due to its strategic location, it has experienced significant increase in traffic flow since it was open to traffic in January 2011. This growth trend is expected to continue due to the robust economic growth of Jiangxi Province, PRC. In addition, a number of expressways and bridges currently under construction in the surrounding areas will be open to traffic from 2014 to 2017. The traffic flow on the Jiurui Expressway is expected to be further boosted once these expressways and bridges are operational. These factors are expected to drive the Jiurui Expressway’s future traffic flow and growth in toll revenue.


  Cash stock holdings walk since previous posting :-

+$10,907 Total Returns as of 18 July

-$55 Donation to Food From The Heart 

+$160 Nett gain on sales of CM Pacific, Boardroom

+$365 Unrealised positions improved

+$11,377 Total Returns as of 25 July

Previous posting :- Cash - Closing Status 18 July

Remarks :- Profits locked in to-date $17,298 / year 2014 $5,805

Monday 21 July 2014

Food from the Heart

Donated $55 to Food From The Heart.

http://www.foodheart.org/

Background
Food From The Heart (FFTH) was founded by an Austrian couple, Henry and Christine Laimer, who had made Singapore their second home for a good number of years. Christine’s motivation to find a win-win solution to ending bread wastage in Singapore, and the couple’s experience in the logistics field helped greatly in kickstarting the programme in 2002.

After many fruitful years in Singapore, and 8 years of watching FFTH blossom from a simple concept into the community force that it is today, the couple had to return to Vienna for good in November 2011 to take over their family business.

Leaving is never easy; however, it is made easier knowing that FFTH is in the hands of an able successor. Today, FFTH is managed by Mr Anson Quek (Executive Director), formerly a Board Member (Treasurer), who has been with the organisation since the beginning.


Mission
To reach out to the less-fortunate and brighten their lives by alleviating hunger through a food distribution programme and bringing joy through the distribution of toys and birthday celebrations.


Beneficiaries
The food collected by Food From The Heart goes to two primary groups of beneficiaries: homes, and needy families and individuals.

Homes
151 welfare homes and institutions such as children’s homes, senior citizens’ homes, Senior Activity Centres (located at the void decks of HDB blocks), handicapped homes and day care centres for children from troubled backgrounds, receive a daily bread supply from FFTH.

Needy individuals and families
Beneficiaries from this group are chosen through their respective school and Resident Committee networks. They are either single parent families with one parent either deceased, in prison or in drug rehab; single mothers; families with a member with costly, long term medical issues; or families with a breadwinner who is unable to work due to an accident or illness.

Through the information received via these channels, FFTH has discovered that the average per capita income in the participating households stands between S$0 – S$200, with many of them relying on handouts from friends and family.


Bread Distribution Programme
With the support of our volunteers and the generosity of bakeries and hotels around Singapore, unsold bread is collected on a daily basis to be distributed directly to the 151 welfare homes, children’s homes, senior citizens’ homes, senior activity centres and other needy families island-wide. FFTH’s volunteers have even taken on the initiative to send bread and goodies bags to homes of our elderly beneficiaries, especially if they are not able to move around well on their own.

Since FFTH’s bread distribution programme was launched in February 2003, we have had the privilege of reaching out to more than 14,000 beneficiaries around Singapore. With your help and support, we can touch the lives of so many more.

How You Can Help:-
  • Be a volunteer: To collect and distribute unsold bread from bakeries and hotels
  • Be a partner: To contribute to our average amount of 30,000kg of bread required per month
Self Collection Centres
Aside from catering to the needs of those staying in the welfare homes, FFTH recognizes the hardship experienced by those in the heartlands who may be struggling to make ends meet.

As an outreach to this key group of beneficiaries, the FFTH Self Collection Centres was established to help provide essential food items and other rations on a regular basis.

FFTH has 27 self-collection centres island-wide, which currently helps to support more than 4,000 needy beneficiaries by providing bread and non-perishable food items such as canned food, rice, oil, noodles and Milo.  Door-to-door deliveries are also provided for those who are handicapped or have difficulties walking.

How You Can Help:-
  • Be a volunteer: To help us distribute weekly food items to our beneficiaries
  • Be a contributor: To donate bread and non-perishable food items such as canned food rice, oil, noodles and Milo

Food Goodie Bag
The Food Goodie Bag programme started off as an ad-hoc distribution of donated food items and toiletries, but has since evolved into a regular monthly handout through Food Drives at various schools and corporations. Food goodie bags comprising of essential items like rice (10kg bag), cooking oil (2 litres), and canned food, are distributed to 50 of the neediest families in selected neighborhoods.

FFTH has also started the ‘Adopt a School’ initiative, through which contributors can regularly support 50 children recommended by a particular school through the provision of food goodie bags. Selected students will receive a monthly ration of essential items to help alleviate the financial burden of their families.

To be eligible for the ration, students must demonstrate good behavior and consistent attendance. This is important as FFTH believes that given the right environment and support, a good foundation can be provided for students to advance further in life.

In addition, parents of the respective students are required to collect the rations from the school, which creates an opportunity for the teachers to interact with the parents, and provide them with the necessary support.

How You Can Help:-
  • Be a contributor: To help provide monthly food items (standardized content) to 50 of the most needy families in selected neighbourhood schools

Birthdays From The Heart
FFTH believes that every person deserves the right to feel special, cherished and loved. What better way to demonstrate that, than on their special day!

Thanks to the generous support from various corporate sponsors since 2005, our birthday programme for 5 children’s welfare homes and 1 old folk’s home is now a permanent monthly event. Apart from conducting games and activities with the children and elderly folk, FFTH also provides gifts to those celebrating their birthdays that month. Volunteers from the sponsors are encouraged to participate in this programme, through which they can directly interact with the beneficiaries, and bring them more joy on their birthdays.

How You Can Help:-
  • Be a volunteer: To join us in celebration with the birthday kids of the month from 6 welfare homes
  • Be a sponsor: To commit in sponsoring birthday celebrations for one children’s welfare home for at least 6 months

Toys From The Heart
Toys always bring a smile to children’s faces, and joy to their hearts. They also make great gifts during the festive season, and deserving rewards at the end of the school term to those who studied hard!

Through FFTH’s annual Toy Buffet, we aim to do just that. Toys donated by schools and Corporations are given to needy pupils in neighbourhood schools during the Toy Buffet, a day filled with fun, games and food for our beneficiaries.

With approximately 5,000 toys given to over 2,000 children every year, we are most fulfilled knowing that we bring these children smiles, joy and a glimmer of hope.

How You Can Help:-
  • Be a volunteer/contributor: To help us collect gifts (toys in good condition) for the Toy Buffet and Christmas Parties



Contact Numbers
Tel: (65) 6259 7176
Fax: (65) 6259 7045

Address
FFTH Office: 161B Goldhill Centre Thomson Road Singapore (307614) (next to United Square)

FFTH Warehouse: No. 52 Genting Lane #04-03A Ruby Land Complex Block 1 Singapore (349560)

Office Hours are from 9 am till 6 pm, Mondays – Fridays (Excluding Public Holidays)




Sunday 20 July 2014

Cash - Closing Status 18 July

Donated $95 to The Disabled People’s Association

Invested into Saizen Reit 3 lots in this week as part of usual and active Cash stock holdings re-balancing.  In its 3Q14 results, NPI +2.5%, profit +JPY 314 mil.  Quarter-on-quarter gross revenue remained stable while net property income decreased by 4.1% as compared to 2Q FY2014. Property operating expenses increased by 9.4%, due mainly to seasonal expenses.  Higher profit due mainly to (i) the increase in net income from property operations, and (ii) the non-recurrence of refinancing-related costs incurred in 3Q FY2013, namely swap breakage costs (JPY 135.5 million) and loan commission written-off (JPY 148.0 million). Average occupancy rate at 91.1%.  As Saizen REIT’s distributable income from operations is generated in JPY, its S$-denominated distributions have been hedged.  Interest rates for 90% of loans outstanding are fixed.  Nearest loan maturity is in February 2018.  Gearing at 38%.   Deloitte & Touche has in early June'14 completed the strategic review of options for enhancing its unitholder’s value.  The review concluded that as a matter of priority, focus will be placed on its capital structure, in particular, its cash management and levels of leverage. As funds are made available as the capital structure is optimised, it will continue to seek opportunities to expand its property portfolio in line with its principal investment strategies.  It may also consider a buy-back of its shares at times of Unit price weakness, as a useful signaling mechanism and provided that is deemed as an effective use of capital at that time.  Following capital structure optimisation, more ambitious growth strategies will be explored, subject to availability, compatibility, returns and execution considerations. 

Cash stock holdings walk since previous posting :-

+$10,893 Total Returns as of 11 July

-$95 Donation to The Disabled People’s Association

+$108 Unrealised positions improved

+$10,907 Total Returns as of 18 July

Previous posting :- Cash - Closing Status 11 July

Remarks :- Profits locked in to-date $17,138 / year 2014 $5,645

Monday 14 July 2014

The Disabled People’s Association

Donated $95 to The Disabled People’s Association.

http://www.dpa.org.sg/




The Disabled People’s Association (DPA) is a non-profit, cross-disability organisation, officially registered in Singapore on 28th April 1986. We are an associate member of the National Council of Social Service and also are registered as an Institution of Public Character with approval to issue tax-exemption receipts to our donors.

Mission Statement
Vox Nostra – A Voice of Our Own

Our mission is to be the voice of persons with disabilities, working with them to achieve full participation and equal status in the society through independent living.

Role
DPA’s role is to advocate on behalf of persons with disabilities and those who support them. DPA aims to do this by influencing decision-makers to implement policies and programmes aimed at promoting social integration of persons with disabilities and to share experiences concerning disability in order to identify better co-ordinated solutions through its round-table discussions, Government consultations, position papers, letters to the media and press releases.


Objectives
  • To empower persons with disabilities with the necessary skills and knowledge for independent living and advance their full participation in the community.
  • To create awareness of disability issues through public education, consultative services and research
  • To initiate joint advocacy with other disability organisations
  • To affiliate with and to further the work of any national or international organisations promoting the interest, welfare and rights of persons with disabilities.


Sunday 13 July 2014

SRS - Closing status 11 July

Received the SRS statement for June month from the bank in this week and it has the following dividends in it :-

$50.20 AIM AMP Industrial
$212.50 CM Pacific

Added Saizen Reit 8 lots in this week as part of usual and active SRS stock holdings re-balancing; total stock holdings in it now at 18 lots.  In its 3Q14 results, NPI +2.5%, profit +JPY 314 mil.  Quarter-on-quarter gross revenue remained stable while net property income decreased by 4.1% as compared to 2Q FY2014. Property operating expenses increased by 9.4%, due mainly to seasonal expenses.  Higher profit due mainly to (i) the increase in net income from property operations, and (ii) the non-recurrence of refinancing-related costs incurred in 3Q FY2013, namely swap breakage costs (JPY 135.5 million) and loan commission written-off (JPY 148.0 million). Average occupancy rate at 91.1%.  As Saizen REIT’s distributable income from operations is generated in JPY, its S$-denominated distributions have been hedged.  Interest rates for 90% of loans outstanding are fixed.  Nearest loan maturity is in February 2018.  Gearing at 38%.   Deloitte & Touche has in early June'14 completed the strategic review of options for enhancing its unitholder’s value.  The review concluded that as a matter of priority, focus will be placed on its capital structure, in particular, its cash management and levels of leverage. As funds are made available as the capital structure is optimised, it will continue to seek opportunities to expand its property portfolio in line with its principal investment strategies.  It may also consider a buy-back of its shares at times of Unit price weakness, as a useful signaling mechanism and provided that is deemed as an effective use of capital at that time.  Following capital structure optimisation, more ambitious growth strategies will be explored, subject to availability, compatibility, returns and execution considerations.


SRS stock holdings walk since previous posting :-

+$11,506 Total Returns as of 4 July

+$263 Dividends from CM Pacific, AIMS AMP Industrial

-$33 Unrealised positions worsened

+$11,736 Total Returns as of 11 July

previous posting :- SRS - Closing status 4 July

Remarks :- Profits locked in to-date $17,054 / year 2014 $4,452

Saturday 12 July 2014

Cash - Closing Status 11 July

Reduced Asian Pay TV(APTT) 19 lots in this week for $42 nett gain which is part of usual and active stock holdings re-balancing; total holdings in it now at 4 lots.  For its 1Q2014 results, revenue -3.3% lower than the forecast in  the IPO prospectus; due to lower than expected revenue from Broadband driven by a lower number of subscribers, and from a lower ARPU due to the soft economic environment in Taiwan.  Revenue, especially from Premium digital TV and Broadband, is expected to increase throughout the year.  Profit -3.9%.  It has re-affirmed distribution guidance of 8.25 cents per unit for the twelve months ending 31 December 2014, which is expected to be declared as 4.12 cents per unit for the six months ending 30 June 2014 and as 4.13 cents per unit for the six months ending 31 December 2014. It recently announced resolution of tax dispute with the Taiwan tax authorities.

Added Boardroom 1 lot in this week as part of usual portfolio re-balancing; total stock holdings in it now at 2 lots.  From its 3Q14 financial results, revenue +3.2%, profit -20.7%.  Higher revenue mainly driven by the continuing increase in activities in the Share Registry Services business.  Lower profit because of opex +7.7%, interest on borrowings +9.8%, income tax true-up.   


Cash stock holdings walk since previous posting :-

+$11,025 Total Returns as of 4 July

+$42 Nett gain on sales of Asian Pay TV

-$173 Unrealised positions worsened

+$10,893 Total Returns as of 11 July

Previous posting :- Cash - Closing Status 4 July

Remarks :- Profits locked in to-date $17,138 / year 2014 $5,645

CPF - Closing Status 11 July

Received the CPF Investment statement from the bank in this week and have updated my records accordingly.

Collected the following dividends in June month for my CPF stock holdings :-

$50.19 AIMS AMP Industrial Reit


CPF stock holdings walk since previous posting :-

-$4,799 Total Returns as of 4 July

+$50 Dividends received : AIMS AMP Industrial

-$17 CPF investment charges 2Q2014 

+$329 Unrealised positions improved

-$4,438 Total Returns as of 11 July

previous journal :- CPF - Closing Status 4 July

Remarks :- Profits locked in to-date $3,026 / year 2014 $2,382


Sunday 6 July 2014

Cash - Closing Status 4 July

Added CM Pacific 14 lots in this week as part of usual and active Cash stock holdings re-balancing; total stock holding in it now at 15 lots.  For its 1Q2014 financial results, revenue +6% driven by the revenue growth from Yongtaiwen Expressway which accounted for 80% of its revenue.  Profit +14% driven by higher profit contribution from its toll road assets and the recognition of deferred income and effective interest income on compensation receivable from the relocation of certain toll stations along the Guihuang Highway. This was partly offset by higher finance costs and withholding tax and lower exchange gain.

Divested away Super Group 2 lots in this week as part of usual and active Cash stock holdings re-balancing for $91 nett gain.  For its 1Q2014 financial results, revenue -6% due mainly to lower branded consumer and food ingredient sales. Gross profit margin +1% due mainly to effective costs management.  Selling and distribution expenses +1% as it continued to step up its advertising and promotional campaigns.  The end of the amortization of deferred gain, together with higher administrative expenses incurred for the Group’s expanded production facilities, resulted in general and administrative expenses +11%.  Profit -19%.  Thailand is a key branded consumer markets, the civil unrest in Thailand has an adverse impact on its businesses.   It will closely monitor the development in Thailand and will take appropriate actions to mitigate the impact on its businesses.  Raw material costs and currency fluctuations will affect its operating performance, and it expects market conditions to remain competitive in the next twelve months.
Cash stock holdings walk since previous posting :-

+$9,855 Total Returns as of 27 June

+$91 Nett gain on sales of Super Group

+$1,079 Unrealised positions improved

+$11,025 Total Returns as of 4 July

Previous posting :- Cash - Closing Status 27 June

Remarks :- Profits locked in to-date $17,096 / year 2014 $5,603

Saturday 5 July 2014

SRS - Closing status 4 July

Divested away GRP Ltd 50 lots in this week as part of usual and active stock holdings re-balancing for $41 nett gain.  For its HY2014 financial results, revenue +5.7% with growth in all the three business divisions.  Strong demand in Hose & Marine and ramp up in orders from a middle east customer for its uPVC.   Administrative expenses -6.7%.  Profit 24.4%.  Free cash flow status at the moment.  Cannot understand reason(s) for not declaring any dividends with this set of good results.  It recently announced termination of its projects and development works in Myanmar.

Divested away Asian Pay TV(APTT) 8 lots in this week for $77 nett gain which is part of usual and active stock holdings re-balancing.  For its 1Q2014 results, revenue -3.3% lower than the forecast in  the IPO prospectus; due to lower than expected revenue from Broadband driven by a lower number of subscribers, and from a lower ARPU due to the soft economic environment in Taiwan.  Revenue, especially from Premium digital TV and Broadband, is expected to increase throughout the year.  Profit -3.9%.  It has re-affirmed distribution guidance of 8.25 cents per unit for the twelve months ending 31 December 2014, which is expected to be declared as 4.12 cents per unit for the six months ending 30 June 2014 and as 4.13 cents per unit for the six months ending 31 December 2014. It recently announced resolution of tax dispute with the Taiwan tax authorities.
 SRS stock holdings walk since previous posting :-

+$10,735 Total Returns as of 27 June 

+$118 Nett gain on sales of Asian Pay TV, GRP

+$654 Unrealised positions improved

+$11,506 Total Returns as of 4 July

previous posting :- SRS - Closing status 27 June

Remarks :- Profits locked in to-date $16,791 / year 2014 $4,189

CPF - Closing Status 4 July

Invested into CM Pacific 5 lots in this week as part of usual and active CPF stock holdings re-balancing.  For its 1Q2014 financial results, revenue +6% driven by the revenue growth from Yongtaiwen Expressway which accounted for 80% of its revenue.  Profit +14% driven by higher profit contribution from its toll road assets and the recognition of deferred income and effective interest income on compensation receivable from the relocation of certain toll stations along the Guihuang Highway. This was partly offset by higher finance costs and withholding tax and lower exchange gain. 
 CPF stock holdings walk since previous posting :-

-$4,660 Total Returns as of 20 June

-$139 Unrealised positions worsened

-$4,799 Total Returns as of 4 July

previous journal :- CPF - Closing Status 20 June

Remarks :- Profits locked in to-date $2,994 / year 2014 $2,349

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