Thursday, May 21, 2020

Circuit Breaker Day 45

A slew of announcement was released on Tuesday night confirming that Singapore will exit this circuit breaker starting Jun 2 in 3 phases. Phase 1 will last at least 4 weeks, Phase 2 will last several months, and if everything has stabilized, then we will move to Phase 3, the new normal. A detailed plan on the 3 phase re-opening of economy can be found below:

DPM Heng will also be delivering ministerial statement on Covid-19 support measures on May 26, promising more support for business and individuals. Perhaps more ang baos or U-save rebate is on the way? We will find out next week.

EHT yesterday announced that Mr Howard Wu and Mr Taylor Woods (the Non-Independent and Non-Executive Chairman and Deputy Chairman respectively) will resign from the Boards of EHT Directors on 26-May after their recent mess-up by not disclosing information regarding the signing of "Further Non-Disturbance Agreement" which was later identified that certain clauses in the agreement is prejudicial to the interests of EHT and its minority Stapled Securityholders. Point to note is that both Howard Wu and Taylor Woods are also the Co-founder/Principal  of  Urban  Commons, which is EHT sponsor. I feel the resignation is a step in the correct direction, at least going forward, there will not be anymore conflict of interest, if both of them are acting in the interest of Urban Commons or EHT. Hopefully, this can speed up the restructuring negotiation and resumption of trading in EHT shares. USA is starting to open up their economy, gearing as of now is still below 40%, which in my opinion, should not be a concern that EHT may go underwater.

Tuesday, May 19, 2020

Circuit Breaker Day 43

Another 7 days have passed, gradually losing track of time. Today marks the 43rd day of circuit breaker, another 13 more days to go. Can't wait for this to end and no more further extension. Currently working on company protocol to prepare employees going back to office come Jun 2. There is really a lot of things that need to be implemented. Situation in Singapore looks good as new cases are trending down. 

Hang in there everyone. The light at the end of the tunnel is near. Stay Home, Stay Safe everyone πŸ˜€

Tuesday, May 12, 2020

Circuit Breaker Day 36

Today marks the start of the next round of easing of Singapore Circuit Breaker, where home-based food businesses, selected food retail outlets, hairdressers and pet supplies stores can open. Rejoice Bubble Tea lovers. For MacDonald die hard fans, you can finally breath a sigh of relief. They have come back to serve Singaporean once again starting 11-May.
Another week passed, pretty nothing much exciting happened worth mentioning. USA has started opening up their economy. With that, hopefully Eagle H Trust saga can quickly reached a resolution with their USA hotels to start trading again.

Looks like it is going to be troublesome for people when workplace start opening in Singapore. In a media release on Saturday (9 May), deployment of the national digital check-in system (SafeEntry) will be made mandatory for places where individuals are likely to be in close proximity for prolonged periods or in enclosed spaces, or where there is higher traffic. The places listed by the taskforce include:
  • Workplaces such as offices and factories;
  • Schools and educational institutes;
  • Pre-schools;
  • Healthcare facilities such as hospitals, clinics and traditional Chinese medicine (TCM) clinics;
  • Residential care facilities such as nursing homes;
  • Hairdressers and barbers;
  • Supermarkets;
  • Selected popular wet markets (Geylang Serai Market, Chong Pang Market, Block 20/21 Marsiling Lane, and Block 505 Jurong West Street 52);
  • Malls;
  • Hotels.
For more information, you can look at the news article here.

Alamak, when will this end? Stay Home, Stay Safe everyone πŸ˜€

Wednesday, May 06, 2020

Circuit Breaker Day 30

Another short working week. Still surviving on... waiting for the Circuit Breaker (CB) to be over. Thank God Singapore government has started easing the control measures implemented during the CB period, starting off with the resumption of TCM for pain management and allowing resident living in strata-titled residential buildings to exercise within the common areas of these private residential developments beginning 05-May.

Nothing much changes for the past week, except new developments for the 3 month old:
  • Obtained new skills at gargling milk. Awww... (Stop wasting and spilling the milk)
  • Able to turn from back to tummy by himself but can't turn back ^.^
Picked up another batch of HPH Trust last week. Target reached. Now waiting for the economy recovery to begin.

Wednesday, April 29, 2020

Circuit Breaker Day 23

Yes, another week passed and I survived. 

Lack of exercise, fresh air, human face to face interaction, working longer hours from home makes me feel like I am becoming one with my house. 

In this unprecedented times, thank God for everything. My company did not initiate any retrenchment exercise nor pay cut to employees. Thank God that Singapore Circuit Breaker seems to be stabilizing, with the worker dormitory new cases seemingly to be dropping for the last 4 days. Pray that this soft lock down will not be extended beyond 01-Jun.

On another note, picked up Amara and China Everbright Water last week. Postponement of AGM (Include approval of final dividend) due to SG Circuit Breaker extension presents me with opportunity to load more for the 6% dividend given the low price.

Eagle H Trust saga continues. Waiting for the outcome of debt restructuring. Last update is Restructuring and financial advisor has been appointed. With 17 out of 18 hotel on freehold, I do not believe the value of this Reit will be wiped to zero. Hopefully, they may propose selling the problematic Queen Mary Hotel ship, use the money to cut some debt and resume trading of shares.

Can't wait to travel oversea for holiday...

Stay Home, Stay Safe everyone πŸ˜€

Wednesday, April 22, 2020

Circuit Breaker Day 16

Yes, I managed to survive working from home.....barely. On a positive side, there is more bonding time with baby and on the flip side, I get the full audience of his orchestra singing πŸ˜‹. Listening in to PM LHL 5pm speech yesterday, circuit breaker (CB) will be extended for 4 more weeks till Jun 1, 2020. At the same time, due to the CB extension, school holidays will be brought forward to May 5. Immediately after the announcement, there was a flood of updates on Facebook that parents are disclaiming they are going crazy. I sort of understand their feeling...😭
Source: Awesome Singapore Facebook
In addition, there will be a tightening measures of what will be considered essential service. Out goes our beloved Bubble Tea stalls, cakes shop and hairdressing services. As typical Singaporean, after the announcement, bubble tea lovers immediately converged on their favourite stalls to satisfy their craving before they shut the door at 2359 for 1 month. You can probably not imagine how the queue can snake around the premises while people maintain their social distancing of 1 meter apart.

On a side note, pick up another small batch of HPH Trust last week. China has started opening up. Guess the port utilization rate should get better from now onwards. 

Can't wait for this CB period to be over. Or very soon, we all need to eat grass...and be Robinson Crusoe look-a-like.
Source: Awesome Singapore Facebook
Source: SGAG Facebook
Stay Home, Stay Safe everyone πŸ˜€

Saturday, April 11, 2020

Circuit Breaker Day 5

With the soft lock-down Circuit Breaker in place this week, I began my first ever 100% Work From Home experience. The feeling is great though, get to wake up slightly later, cut down commuting time by 3 hours a day, see my baby boy 24/7, tracking his growth day by day, and more efficient use of time (I can get to monitor the market at the same time I am working now).

The down side? Plenty as I found out slowly day by day
  • Getting banks to do annual credit card fee waiver is just not as easy. In the past, the CS can do it on the spot, but now with this COVID-19 situation and reduction of manpower, I have to log into internet banking to send them an email for waiver request and wait for 3-5 working days to get a reply (-.-)!
  • Resetting internet banking account is also just not as easy. I got lock out of the system after failing the physical token OTP 3 times. A call to the bank CS tell me that they will contact me later today as they are having a high surge volume now and my case is not an emergency situation. Fair enough. (Two hours pass).... no call back and the bank is closing soon. I called them back again and insist they help me reset on the spot. Problem solved in 5 mins.... (-.-)!
  • Faced the daily challenge of preventing neighbors from activating the police due to loud volume of baby "singing". Hands down to mommy who face this every single day
  • Work kept being interrupted by baby needs. This just means that I need to work longer than usual to finish the same task.
Well, managed to picked up IREIT Global at a yield of 10% when I saw the news that CDL and Tikehau has increased their stake this week.

COVID-19 situation seems to be getting worse in Singapore. Just today, saw the news that NEA requires everyone to wear mask before you can enter market. Even on public transport, wearing of mask will become mandatory.

Everyone, please do your part. Do not go out unless necessary. Stay Home, Stay Safe.