Saturday, October 23, 2021

HongKongLand: Invested more than USD100k into this stock (Part 2)

 


HKL had been doing share buyback almost daily in the month of Oct.


Recap on background

HKL announced share buyback programme on 06 Sep 2021 (Link).

HKL planned to invest up to USD500M till 31 Dec 2022 and shares purchased under in this programme will be cancelled.

HKL share price was USD4.20 on 06 Sep before the announcement was made.



How many % of the USD500M used to date?



Just 11% only






As mentioned in my 13 Oct post (link):
"If only 9% (USD44,045,676 out of USD500M) had been used for share buyback and the share price shot up to USD4.93 now, what will the share price be when its utilize 100% (USD500M)??"


Today key message will be: 

"If only 11% (USD54,136,498 out of USD500M) had been used for share buyback and the share price shot up to USD5.23 now, what will the share price be when its utilize 100% (USD500M)??"



Related post: 

1) HongKongLand: Invested more than USD100k into this stock 

2) Added: HongKong Land USD (Aug 2020)

3) Added: HongKong Land USD (May 2020)

4) Added: HongKong Land USD (Mar 2020)

5) Added: HongKong Land USD (Feb 2020)

6) Added: HongKong Land USD (Crisis is also a time of opportunity)

7) Added: HongKong Land USD (Aug 2019)

Tuesday, October 19, 2021

Added: ComfortDelGro (Oct 2021)

 


Bought 16,000 shares of ComfortDelGro (CDG) at $1.56 on 19 Oct.


Reason for buying:

1) High potential to revert back above $2 in 2022


Gov had changed from "Zero COVID" to "Living with COVID" policy.
Thus, low chance Singapore will go into lockdown situation.


2) IPO in Australian Securities Exchange (ASX)

The IPO in ASX should be completed in Q4 2021 (News Link).

CDG also just completed "Acquisition of Assets in Australia" on 1 Oct (News Link).


3) Won Auckland Rail Franchise (ARF) contract worth $1.13B

Contract start 16 Jan 2022 for 8 years, with options for extension (News Link).


4) ComfortDelGro consortium wins public EV charging infrastructure tender (SG)


5) Operating profit $134.6m for 1H2021





6) Net cash increase to $417.3m




7) Dividend resumed



8) CDG is stronger right now than in 2020

I had bought 14,000 shares at $1.45 on Jul 2020 (Link), 13,000 shares at $1.43 on Sep 2020 (Link) and 18,600 shares at $1.57 on Feb 2021 (Link).

The price today at $1.56 is definitely safer than my previous 3 buy of CDG.



Related post:

1) SOLD: ComfortDelGro (Jun 2021)

2) ComfortDelGro AGM 2021

3) Added: ComfortDelGro (CDG) Feb 2021

4) Added: ComfortDelGro (CDG) Sep 2020

5) Added: ComfortDelGro (CDG) Jul 2020

Friday, October 15, 2021

Hottest topic : Open Electricity Market (OEM) Oct2021 Update

 

Source: https://www.ema.gov.sg/Residential_Electricity_Tariffs.aspx

As of 20 Oct 2021, only 9 electricity retailers companies left which you can switch out from SP Group for your house electricity. (Update 19 Oct: Best Electricity exit wef 21 Oct)

Ohm energy & iSwitch had just announced they will exit and all customers signed under the company will be transfer back to SP Group wef 20 Oct & 12 Nov respectively (Link).

Due to the recent spike in electricity rates, expecting more electricity retailer to exit soon (High potential are Best Electricity as they seem to stop new signup and Diamond Electric as the only plan they have is 0% discount).


The Business Times 18 Oct 2021


To sign up for FIXED or DISCOUNT plan?

My recommendation is to sign up for FIXED plan.

If you need statistics data, please refer to my old post here.

I believe those on Discount plan will tell you how much higher they are paying since the tariff rate have been revised upward (Everything up except salary never up :p)


Which retailers?

If you prefer 1 combine bill with SP Group (Water + Gas), then your only option now is Tuas Power.

If you dont mind to have a separate bill for your electricity, then any retailer which marked with green have one of the lowest rate for your consideration.



Geneco rate is higher than SP Group rate of 25.80cents. There is no reason to jump to Geneco.




If you still prefer Discount plan (not recommended), then Senoko Energy / Keppel Electric look good now.






One thing for sure is you are paying more if you continue to stay put with SP Group.

 

The Straits Times 20 Oct 2021



What is my recommendation? 

Go with Tuas Power Fixed 18 months plan.

Reason being:

1) Given the recent spike in electricity rate, all the retailers had increase their rate. Therefore, not worth to sign 24months or more at this moment. Experts interviewed in above articles estimate it will remain high till end of 2022. Thus, 18 months plan is the best sweet spot to go for.

2) Only retailer which able to deduct Electricity + Gas + Water bill using U-Save voucher directly due to 1 single SP Group billing.

3) Only retailer which provide hardcopy bill free of charge (Other retailer charge $1-$2 for each hardcopy bill)

4) Do not need to pay for security deposit

5) 3 tiers of Referral program "Refer A Friend+".

Only retailer which referral credit able to offset directly to your monthly SP bill.

Tier 1: When you refer your friend Alice (Tier 1), you will get $20.

Tier 2: When Alice refers her friend Bernice (Tier 2), you will get $10.

Tier 3: When Bernice refers another friend Calvin (Tier 3), you will get $5.

6) Bonus Treats & Deals in your member portal "T+ Members".



Please enjoy your extra $20 bill rebate if you use my referral code RCF2364 for online signup in TuasPower website
You will get $0 bill rebate if you did not key in any referral code.



Related post:
1) Saved 30% electricity bill by switching out from SP Group - Open Electricity Market (OEM)
2) Home renovation regrets that costs you thousands of dollars
3) Tips on buying mattress from Takashimaya, Robinson, Metro, Tempur