*Official* MasterLeong Thread

[MasterLeong]

Ml, do u suggest putting part of investment in global etf like iwda or should just focus on local market etf es3. Iwda is at almost all time high compare to laggard sti zz

Sti etf more for new investors without enough capital to diversify
If got 50k or more can easily buy 5 blue chips at 10k value each

 

[MasterLeong]

australia dividend withholding tax is 30%, but you have to see whether your stock or business pays franked, unfranked or partially franked dividends.

Franking is like our one tier taxed system and partially frank is like Singapore's old tax system where you are taxed 2 times, but the second time you can claim back through tax credit. I still have my AREIT tax credit form somewhere.

Franked dividend means that the company is taxed at corporate level once at 30%, and the dividends should not be taxed again. fully franked dividends you do not need to pay dividend withholding tax

A totally unfranked dividend is like receiving a dividend without tax on it (gross dividend) this is subjected to dividend withholding tax.

The % of dividend withholding tax differs. the official is 30%, but because some countries have a double taxation arrangement with Australia, the dividend withholding tax is 15%.

Some business that set up their sub companies in a certain way, have some of their money return as "capital reductions" which are not subjected to tax. if you have a mixture then your aggregate tax would be somewhere like 11%. perhaps frasers logistics and industrial trust is one of them.

How do you know whether dividends are fully franked, unfranked or partial? you will have to look up on your own. as an example Telstra is fully franked. Most of the australia REITs are fully unfranked. This means the div you need to deduct the withholding tax to see if its worth it.

dividend withholding tax is with respect to where the business is domiciled. this slide extraction is from a FLT report:

Thanks a lot for the info
Thats super helpful
Cheers

 

[WindBoi]

as an addendum, when you read Aims Amp income available for distribution, note that there is some capital return. normally these are one offs due to selling assets, but for this and FCOT it is prevalent. it is likely how these companies set up their sub companies to reduce the taxes.

 

[MasterLeong]

Tomorrow SGX open for 2017. Hope SSI army all huat.

Huat ah $$$$$$$$

 

[ccostagmont]

Tomorrow SGX open for 2017. Hope SSI army all huat.

wear red, means tomolo will lai ang???

 

[akwl88]

what will the 1st trading day of 2017 bring tmr?

 

[MasterLeong]

cant wait to see market open tomorrow

2017 i only pray my bet on reits and telcos will work out right

 

[MasterLeong]

no recession, mai scared







LATEST NEWS, CORPORATE
Highlight
Singapore economy likely grew more than 1% in 2016: PM Lee

 

[Mancunian2]

no recession, mai scared







LATEST NEWS, CORPORATE
Highlight
Singapore economy likely grew more than 1% in 2016: PM Lee

I think his FT population grew by more than 1% in 2016

his economic policies are seeing diminishing or even negative returns

 

[Layers]

near $6 for 30 packs... sibei value

I used to eating lunch that are less than $4.

not just drinking starbucks or eating at restaurants, they buy clothes everytime.

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My best ever savings came from Milo 3-in-1 packs. FairPrice $6.00+. End up buy from Malaysia for RM 10.99

Stock up every qtr.

drink h20. $0

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[akwl88]

drink h20. $0

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h20 not free

reflected under utilities bill

 

[Layers]

Look for other opportunities lor
Siaec fell a lot

I like to buy things that have become cheaper lol

SIAE biz not doing well doh. 3 segment. 2 is dropping which is their main revenue comes from.

Reason I only look at it only

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[MasterLeong]

Outlook of 2017 by dbs vickers from 14/12/2016: They are bullish too.

-Worst is over for oil price, expect moderate recovery.

- Moving forward to 2017, we forecast an overall earnings growth of
12.1% for stocks under our coverage, reversing from the 4.7% earnings contraction this year.

-They expect 4 rate hikes. Focus on S-REITs with superior growth visibility and valuations. Every 1% change in interest rates will reduce dividends distribution by 2.9% and between 5% to 15% drop in valuation of REITS.

-Earnings recovery year sees STI heading to 3150 by mid-2017.

if STI can hit 3150 by year end 2017 I sure happy till teeth drop riao LOL

 

[MasterLeong]

SIAE biz not doing well doh. 3 segment. 2 is dropping which is their main revenue comes from.

Reason I only look at it only

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SIAE biz no good
nowadays the new aircrafts need less repairs
the budget airlines also delaying their maintenance
core earnings fell

but longer term wise, its still a good cash cow with over 10% ROE

 

[lewissac]

SIAE biz no good
nowadays the new aircrafts need less repairs
the budget airlines also delaying their maintenance
core earnings fell

but longer term wise, its still a good cash cow with over 10% ROE

But looking at the current accidents for the past 2 years. I believe airlines are gng to do more. Hence maintenance and safety is going to be a top priority for 2017 I believe. Which in turn SIAE could be a hidden gem IMHO.

 

[Average]

But looking at the current accidents for the past 2 years. I believe airlines are gng to do more. Hence maintenance and safety is going to be a top priority for 2017 I believe. Which in turn SIAE could be a hidden gem IMHO.

tiagong the sia engine fire incident is still nobody taking blame yet... so got risk that end up siaec will take blame.

my tiagong is 3mths ago.

tiagong the burnt engine plane has not been on service ever since the incident. gg, opportunity cost = damages

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[MasterLeong]

But looking at the current accidents for the past 2 years. I believe airlines are gng to do more. Hence maintenance and safety is going to be a top priority for 2017 I believe. Which in turn SIAE could be a hidden gem IMHO.

SIAE I think if want to buy, the upside should come from SIA taking it private
earnings seems to remain weak

 

[MasterLeong]

recovery rally lai la


Singapore's economy expanded 1.8% in the fourth quarter of 2016, outperforming the expected forecast of 1-1.5%.

 

[starfish.starfish]

recovery rally lai la


Singapore's economy expanded 1.8% in the fourth quarter of 2016, outperforming the expected forecast of 1-1.5%.

Haha, came back sg at the right time, huat huat for the first session in 2017!

 

[stam]

Come come come! 1st session!

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