Tuesday, December 24, 2013


Synopsis: Walt Disney Animation Studios, the studio behind “Tangled” and “Wreck-It Ralph,” presents “Frozen,” a stunning big-screen comedy adventure. Fearless optimist Anna (voice of Kristen Bell) sets off on an epic journey—teaming up with rugged mountain man Kristoff (voice of Jonathan Groff) and his loyal reindeer Sven—to find her sister Elsa (voice of Idina Menzel), whose icy powers have trapped the kingdom of Arendelle in eternal winter. Encountering Everest-like conditions, mystical trolls and a hilarious snowman named Olaf, Anna and Kristoff battle the elements in a race to save the kingdom. The film is directed by Chris Buck (“Tarzan,” “Surf’s Up”) and Jennifer Lee (screenwriter, “Wreck-It Ralph”), and produced by Peter Del Vecho (“Winnie the Pooh,” “The Princess and the Frog”). Featuring music from Tony® winner Robert Lopez (“The Book of Mormon,” “Avenue Q”) and Kristen Anderson-Lopez (“In Transit”). [Source: Cathay Cineplexes]
A typical Walt Disney show with a princess who can't control her power and brought disaster to her kingdom. In the end, her sister (another princess) saves the day and taught her how her power can be controlled with love. Nothing really fantastic about the storyline, but the snowman character is pretty amusing. A great show for a weekend family get-together session.
Rate: 6.5/10

Saturday, December 21, 2013

The Hobbit: The Desolation Of Smaug

Synopsis: The three films tell a continuous story set in Middle-earth 60 years before “The Lord of the Rings,” which Jackson and his filmmaking team brought to the big screen in the blockbuster trilogy that culminated with the Oscar®-winning “The Lord of the Rings: The Return of the King.”

The Hobbit: The Desolation of Smaug” continues the adventure of the title character Bilbo Baggins as he journeys with the Wizard Gandalf and thirteen Dwarves, led by Thorin Oakenshield, on an epic quest to reclaim the Lonely Mountain and the lost Dwarf Kingdom of Erebor.

Having survived the beginning of their unexpected journey, the Company continues East, encountering along the way the skin-changer Beorn and a swarm of giant Spiders in the treacherous forest of Mirkwood. After escaping capture by the dangerous Wood-elves, the Dwarves journey to Lake-town, and finally to the Lonely Mountain itself, where they must face the greatest danger of all—a creature more terrifying than any other; one which will test not only the depth of their courage but the limits of their friendship and the wisdom of the journey itself—the Dragon Smaug.  [Source: Cathay Cineplexes]

My advice: If you have not watch the first series of the movie, do not attempt this second series at all cost. If not, you will end up lost and feel unsatisfied at the end of the show. Overall, I find the movie below par and certainly below my expectation. I understand that this is a trilogy series, but to end it so abruptly at the end just make me dislike the show more. Fighting scene and the graphic is pretty average, though not as grand as lord of the rings. Recommend to give this movie a skip unless you are out of choice.

Rate: 5/10

Thursday, December 12, 2013


Short Summary:
Linc Energy is a company focused on both conventional and unconventional oil and gas production. The company own a diverse and substantial energy portfolio that includes oil, gas, shale oil and gas and coal. The company operate in the following three key business divisions with offices headquartered in different geographic locations:

(a) conventional oil and gas, which consists of:
  • Oil and gas producing assets located in two main areas in the United States, namely, the Gulf Coast Region and Wyoming, which contribute the bulk of the company revenue; and
  • The appraisal and development of the Umiat field located in Alaska, the United States;
(b) unconventional oil and gas, which consists of:
  • Clean Energy business, which focuses on the commercialization of the company proprietary technology in underground coal gasification (“UCG”), the process of converting coal into valuable UCG synthetic gas (“syngas”) in situ. The company Chinchilla demonstration facility, in Australia (the “Chinchilla Demonstration Facility”), is the only UCG to gas-to-liquids (“GTL”) demonstration facility operating in the world. The company also own and operate the world’s longest running commercial UCG operation in Uzbekistan, having been in operation for over 50 years, and which supplies energy to a nearby power station. The company hold coal interests for UCG in Wyoming and Alaska in the United States, Poland, Uzbekistan, and South Australia and Queensland in Australia; and
  • SAPEX business, which focuses on the exploration for shale oil and gas in the Arckaringa Basin in South Australia; and
(c) coal, which consists of:
  • A financial asset in the form of a contractual right to receive payments from coal production over the Carmichael Project in Queensland, Australia (the “Carmichael Royalty”)(Expected commencing in 2017); and
  • Conventional coal mining business, which consists of interests in conventional coal mining assets in Queensland, Australia. 

The Deal:
Offering Price: S$1.20
The Offering: 47,850,000 Shares (Include 500,000 Offering Shares to Singapore Public)
Cornerstone Investors:
47,850,000 Genting
23,925,000 Russian billionaire Roman Abramovich
Forecast Dividend Yield:
2013: 0%
2014: No Forecast
2015:No Forecast
*Based on issue price of $1.20, 571,150,642 units after IPO.

Dividend Policy:
On 31 August 2010, the Company declared a fully franked special dividend of A$0.10 (US$0.10) per Share which was paid on 8 October 2010. Since 9 October 2010, the company have not declared or paid any further dividends. While the company currently do not have a formal dividend policy, it intend to reinvest any profits generated from their operations in the business. Subject to the Corporations Act, the company Constitution and the terms or rights of any Shares with special rights to dividends, the Board may from time to time resolve to pay dividends to Shareholders. The form, frequency and amount of future dividends on the Shares will depend on the company retained earnings and expected future earnings, general business and financial position, results of operations, capital requirements, cash flow, general financing condition, and other factors which our Directors may deem appropriate. Therefore, there can be no assurance that dividends will be paid in the future or of the amount or timing of any dividends that will be paid in future.

-Diversified energy company with operating control of a global portfolio of conventional and unconventional oil, gas and coal assets and proven UCG technology ready for commercialization
-High quality, low risk, oil levered production with potential significant production upside from assets currently under development and from exploration
-Strategically positioned and equipped to capitalize on robust demand for oil and gas in Asia; particularly the switch from oil and coal to gas in regional markets. High relevance of the Company’s proprietary UCG technology to the Asia energy market given the large number of potentially suitable coal resources in Asia, namely in China, Mongolia and Indonesia.
-Leader in UCG technology. Believed to be the only company in the world to have demonstrated UCG to GTL, and to have produced diesel and jet fuel from UCG syngas, providing first mover advantage in the UCG front.

Business Strategies and Future Plans
-Be a leader in provision of clean energy through UCG and GTL whilst deploying UCG technology to penetrate new markets and grow the company asset base (Pursue joint ventures, Enter into licensing agreements)
-Grow Asian footprint

-Exploration and development involves numerous risks and substantial and uncertain costs that may not yield desired results, resources or reserves (Of the 11 assets listed, only 3 is in production, the rest are still in exploration phase)
-Oil, gas and coal operations involve many operational risks, some of which could result in substantial losses and unforeseen interruptions to operations
-The company may face difficulties obtaining financing for new projects, expansion and developments
-The existing debt instruments and revolving credit facility of the company have restrictions and financial covenants that may restrict business and financing activities
-The company may not be the operator on all of their future assets and therefore may not be in a position to control the timing of development efforts, the associated costs, or the rate of production of the reserves on such assets
-The company may pursue acquisitions which involve a number of risks, any of which could cause the company not to realise the anticipated benefits
-The company may be unable to dispose of non-strategic assets on attractive terms, and may be required to retain liabilities for certain matters
-The company are exposed to fluctuations in currency exchange rates
-The reserves and resources data for the company oil, gas and coal assets are estimates and may differ materially from the actual figures and may not ultimately be extracted at a profit
-High gearing of 50.64%

Phew..This IPO prospectus is exceptionally thick to read through. Imagine they have to split into 2 PDFs with a total of 500+ pages! All in all, I quite like Linc Energy for its diverse operations spread over major oil producing countries. Their revenue streams comes from a few different types of sources, namely conventional crude oil, clean energy and coal. Their clean energy of converting coal into valuable UCG synthetic gas without extracting the coal itself from underground is particularly interesting. As we all know, China and India is heavily dependent on coal for their energy source. If Linc is able to tap into these market, it can potentially be a major profit boost for the company going forward. I also like their royalty scheme  (the “Carmichael Royalty”) with the coal developers. This will allow the company to have a stable source of income without exposing itself to the operation risk of coal mining. Linc Energy is not a new guy on the block. It has its history in Australia, just recently delist on ASX as the company claims that the investors in Australia is not valuating the company for its rightful worth and hence the switch to a Singapore listing. Although the company is making a loss for the last 2 years, this is typically the norm for a company whose majority assets is still in exploration phase (Just take a look at KrisEnergy and Rex International). Lastly, the names for its substantial shareholders speak for itself. Genting and the famous Russian oil businessman which is the owner of Chelsea, what more can you get?

Some useful information:
[11 Dec 2013], [9.00 p.m.] : Opening date and time for the Public Offer.
[16 Dec 2013], [12.00 noon] : Closing date and time for the Public Offer.
[17 Dec 2013]: Balloting of applications under the Public Offer, if necessary.
[18 Dec 2013], [2.00 p.m.]: Commence trading on a “ready” basis.
Rating for investment: 8.0/10

Disclaimer: You may use the above information as a guide, but please invest based on your own judgment.

Sunday, December 01, 2013

SH 5107 - Industrial Ventilation

A different approach for this semester final paper. Instead of the usual pure calculation problem solving, the lecturer included 4 questions to test your concept of understanding. Although mentally challenging, but it is still manageable to complete all 10 questions within the time allocated. I think I don't expect much from this module, since my term test result is within the median bracket.
Expectation: B (Actual: B+)

Friday, November 29, 2013

SH 5101 - Industrial Toxicology

Another tough paper, closed book with no help sheet of any kind allowed in the exam hall. If you have a photographic memory and able to digest 300 pages worth of information, you win. Overall, quite satisfied with the term test and the project work, which constitute 50% of the module. For the final paper, paper structure is about the same as mid term test - 70% MCQ with 30% structured questions. Quite confident that I will get 20 out of 30 for the structured questions, but for the MCQ, hmm, can't really be sure. Well, lets see how the rest of the cohort performs.
Expectation: B+ (Actual: B+)

Monday, November 18, 2013

Thor 2: The Dark World

Synopsis: When Jane Foster is targeted by the denizens of the dark world of Svartalfheim, Thor sets out on a quest to protect her at all costs. [Source: Cathay Cineplexes]
Like all Marvels action movie, the overpowered and immortal hero shall always thrive in the end. There is nothing really new in this series, except for the small appearance of Avengers superheroes, which I think is a little advertisement for Avengers 2 which will be out in 2015. What interest me instead is the side character Loki, who is depicted in this movie as neither a bad guy nor a good guy. He seems to be jumping in between both sides, and add in his illusions, you can never fully grasp what he is thinking. One thing is for sure though, we have not seen the last of Thor.
Rate: 7/10

Sunday, November 17, 2013

16 Nov 2013

Car park roof top garden is ready. Slowest flat in this BTO has completed its roof top. Some of the brick roads are laid. Estimated the BTO will be ready in Q1 2014. HDB to start dispensing keys in Feb 2014?

Tuesday, October 22, 2013

ValueMax Group Limited

Short Summary:
ValueMax Group Limited established their first pawnbroking outlet in 1988. They believe that they are one of the oldest and most established pawnbroking chains in Singapore, providing pawnbroking services and the retail and trading of pre-owned jewellery and gold. They believe their strong track record as well as in-depth and extensive industry knowledge have contributed to the company growth and steady expansion to 17 outlets in strategic and convenient locations across Singapore, comprising 16 pawnshops with pre-owned jewellery retail outlets as well as one (1) standalone pre-owned jewellery retail outlet. ValueMax's Singapore network also includes three (3) other pawnshops with pre-owned jewellery retail outlets operated by their associated and investee companies. In Malaysia, they operate five (5) outlets through their associated companies, which they believe makes them the only local pawnbroking chain with an overseas presence.

The Deal:
Offering Price: S$0.51
The Offering: 138,000,000 Shares (Include 5,000,000 Offering Shares to Singapore Public)
Cornerstone Investors:
None, management will own 74.1% of the enlarged shares.
Forecast Dividend Yield:
2012: 2.63%*
2013: No Forecast
2014: No Forecast
*Based on issue price of $0.51, 533,497,960 units after IPO, profit after tax of $14.300 million in 2012 and minimum 50% profit distribution policy.
Dividend Policy:
Although ValueMax currently do not have a formal dividend policy, the company intend to distribute 50.0% of their profit after tax attributable to their Shareholders for each of FY2013, FY2014 and FY2015 as dividends (which could include scrip dividends) (“Proposed Dividend”), as the company wish to reward their Shareholders for participating in the Group’s growth. Such dividends will depend on the company actual and projected operating results, financial condition such as the company cash position and retained earnings, other cash requirements including future capital expenditure, restrictions on payment of dividends imposed on the company by their financing arrangements (if any) and other factors deemed relevant by their Directors. A scrip dividend scheme will be adopted in accordance with the Listing Manual should a decision be made by the company Directors to issue scrip dividends. Investors should not treat the Proposed Dividend as an indication of the Group’s future dividend policy.

-Participation in the pawnbroking, pre-owned jewellery and gold industry value chain allows the company to harness revenue from complementary sources.
-Overseas presence in Malaysia through our associated companies.
-Skilled, experienced and qualified work force.
-Experienced and committed Board of Directors and management team.
-Proprietary operational software and data management system, allowing customers to renew their pawn tickets at any of the company outlets in Singapore since 2011.
-Established market position, with revenue of more than $450 million in FY2012.
-Established and award-winning company.

Business Strategies and Future Plans
-Expand our network of outlets through acquisition of businesses in Singapore, and through our associated companies in Malaysia.
-Set up new pawnshops and pre-owned jewellery retail outlets in Singapore and other countries as well as through our associated companies in Malaysia.
-Establish a flagship store comprising a pawnshop and a pre-owned jewellery retail outlet in a central location in Singapore to target different customer segments, including high net worth individuals who own articles with pledge values of above $50,000.
-Achieve a higher degree of integration of our businesses by offering incentives or discounts to our customers to use all the services we provide at our outlets and further leverage our businesses of pawnbroking as well as retail and trading of pre-owned jewellery and gold to provide a wider range of pre-owned jewellery items to our customers.

-Our business requires substantial capital and any disruption in funding sources or increases in interest rates on our funding would have a material adverse effect on our liquidity and financial condition.
-Gold price volatility may affect our profitability.
-We may be subject to misappropriation of cash or assets.
-Our business may be affected by non-renewal of leases or increase in rental of our shops.
-Competition in the industries we operate in is intense and any decline in our competitiveness could result in us losing market share and revenues.
-We do not have operational and management control over our associated companies.
-We are dependent on automated systems to operate our business.
-We may face uncertainties associated with the expansion of our business.
-We may require additional funding for our future growth.
-We are subject to risks relating to the economic, political, legal or social environment in Malaysia.
-We are affected by foreign exchange controls in Malaysia.
-High gearing of 39.26%

No doubt, ValueMax is in a leading market position as they have the highest revenue (>S$500 millions in FY2012) among the 3 pawnbroker companies once listed. In addition, they have exposures to Malaysia market, which will give it an edge over MoneyMax and Maxi-cash, which focus just solely on Singapore market. However, prior to IPO, I will like to point out that they actually have a gearing 54.07%, with most of the debt due to bank overdrafts as they expand their pawnbroking business. Utilization of bank overdrafts isn't a good idea for business due to the high interest rate they are charging, but with this IPO, they should be cutting down on the overdrafts and profit margins should increase. For their released 1Q2013 results, revenue is down sharply by 38.7% compared with 1Q2012 due to declining gold prices in 2013. 1Q2013 gross profits is down 14.1% compared with 1Q2012, help in large due to lower utilization of bank overdrafts. Based on FY2012 earnings, the issue price of $0.51 carries a PE of 12.59, which is considered a bit expensive for an IPO counter. Personally, I think there is no strong incentive in subscribing for this IPO, with lower profit in the coming quarter and high PE as a backdrop. However, if the management do use the money raised effectively for expansion, this might be a worthwhile investment as shareholders should see their investment bearing fruits 6-12 months later. As the management controls 74.1% of the company post IPO, this can potentially be an illiquid counter in the future.

Some useful information:
[21 Oct 2013], [5.00 p.m.] : Opening date and time for the Public Offer.
[28 Oct 2013], [12.00 noon] : Closing date and time for the Public Offer.
[29 Oct 2013]: Balloting of applications under the Public Offer, if necessary.
[30 Oct 2013], [9.00 a.m.]: Commence trading on a “ready” basis.
Rating for investment: 5.0/10

Disclaimer: You may use the above information as a guide, but please invest based on your own judgment.


Synopsis: Dr. Ryan Stone (Sandra Bullock) is a brilliant medical engineer on her first shuttle mission, with veteran astronaut Matt Kowalsky (George Clooney). But on a seemingly routine spacewalk, disaster strikes. The shuttle is destroyed, leaving Stone and Kowalsky completely alone—tethered to nothing but each other and spiraling out into the blackness. The deafening silence tells them they have lost any link to Earth…and any chance for rescue. As fear turns to panic, every gulp of air eats away at what little oxygen is left. But the only way home may be to go further out into the terrifying expanse of space. [Source: Cathay Cineplexes]
Such spectacular view of the Earth from outer space and good acting by Sandra Bullock as an astronaut in the weightless space, the movie is only fully justified if you catch it in 3D. Bullock has handled her role well in this short 90 minutes movie, grabbing the audiences hearts as we watched her struggle to handle the stress to survive when everything else has gone wrong. Definitely a movie not to be miss.
Rate: 8.5/10

Tuesday, October 15, 2013

VIVA Industrial Trust

Short Summary:
VIVA Industrial Trust is a stapled group comprising VI-REIT and VI-BT. VI-REIT is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate which is used predominantly for business park and other industrial purposes, whether wholly or partially, in Singapore and elsewhere in the Asia-Pacific region, as well as real estate-related assets in connection with the foregoing. VI-BT will be dormant as at the Listing Date. The initial portfolio of VIT comprises three properties located in Singapore (the “Initial Portfolio”), with an aggregate gross floor area (“GFA”) of 2,416,254 sq ft. The Initial Portfolio consists of (i) UE BizHub EAST, (ii) Technopark@Chai Chee and (iii) Mauser Singapore.

The Deal:
Offering Price: S$0.78
The Offering: 211,736,000 Shares (Include 21,174,000 Offering Shares to Singapore Public)
Cornerstone Investors:
256,410,000 Summit SPV, wholly-owned by Mr Tong Jinquan.
64,103,000 Ho Lee Group Trust
32,051,000 China Enterprises Limited
29,700,000 United Engineers Developments Pte. Ltd


Forecast Dividend Yield:
2013: 4.38% (Not annualized)
2014: 8.81%
2015: 9.01%
*Based on issue price of $0.78, 594,000,275 units after IPO.
Dividend Policy:
Distributions from VI-REIT to Stapled Security holders will be computed based on 100.0% of VI-REIT’s Taxable Specified Income and Specified Taxed Income for the period from the Listing Date to 31 December 2015. Thereafter, VI-REIT will distribute at least 90.0% of its Taxable Specified Income and Specified Taxed Income on a quarterly basis.  VI-BT will be dormant as at the Listing Date and no distributions will be made during the period that VI-BT remains dormant. It is assumed that VI-BT will have no revenue for the Forecast Period 2013, Projection Year 2014 and Projection Year 2015. In the event that VI-BT becomes active and profitable, VI-BT’s distribution policy will be to distribute as much of its income as practicable, and the declaration and payment of distributions by VI-BT will be at the sole discretion of the Trustee-Manager. There is no assurance that VI-BT would make any distributions to Stapled Security holders.
-Singapore focused portfolio comprising high quality and modern properties strategically located in key business parks and established industrial clusters
-Long weighted average underlying land lease (45 years).
-Highest proportion of business parks (77.6% of asset value) of any listed industrial S-REIT. The Managers believe that business parks are highly sophisticated industrial assets that cater to a wide range of tenants and command a rent premium relative to other industrial asset classes.
-Attractive and stable distributions driven by visible organic growth. Attractive distribution yield of 8.8% for Projection Year 2014 and 9.0% for Projection Year 2015.
-Well-positioned to capitalize on internal and external growth opportunities. There are opportunities for further growth through asset enhancement of the Properties and Visible acquisition pipeline through the ROFR Properties (Total 6 properties comprising of 2 in Singapore, 3 in South Korea and 1 in China) and other third party properties.
-Exposure to healthy and sustained demand in the Singapore industrial sector.
-Leverage on the Sponsors’, UED’s and Managers’ experience, networks and relationships in the Singapore and Asia-Pacific industrial sector.
-The appraisals of the Properties are based on various assumptions and the price at which VI-REIT is able to sell a Property in future may be different from the initial acquisition value of the Property.
-The Singapore Government has imposed control measures on industrial properties in the Singapore property market. There is no assurance that the Singapore Government will not introduce additional measures from time to time to regulate the property market.
-With effect from 1 January 2013, all REITs are to pay land premium upfront in respect of industrial building acquisitions on JTC Corporation (“JTC”) leased land sites.
-VI-REIT relies on UE BizHub EAST for a substantial portion of its Net Property Income.
-There is no assurance that VI-REIT will be able to renew the HDB lease for an additional term for Technopark@Chai Chee.
-There is no assurance that VI-REIT will be able to renew any JTC lease for an additional term.
-The type of new tenants at the Business Park Component of UE BizHub EAST is restricted. JTC has stipulated that 21,750.75 sq m of business park space at UE BizHub EAST can only be marketed and leased to IT companies that are supported by Infocomm Development Authority of Singapore, Singapore Economic Development Board or SPRING and each anchor subtenant is required to take up at least 1,500 sq m of business park space.
-The Properties may require significant capital expenditure periodically beyond the REIT Manager’s current estimate and VI-REIT may not be able to secure funding.
-Renovation or redevelopment works or physical damage to the Properties may disrupt the operations of the Properties and collection of rental income or otherwise result in an adverse impact on the financial condition of VIT.
-Construction of the Urban Plaza and Subway Link will not be completed prior to the Listing Date. VI-REIT may need to carry out and complete the Urban Plaza and Subway Link Works (expected after 2017) if UED does not do so. VI-REIT is required to pay up to S$4.2 million for the Urban Plaza and Subway Link Works (being a capped sum on the aggregate cost from the fees and levies payable to the LTA and other relevant authorities and the value of the construction contract to be awarded to UED to complete the Urban Plaza and Subway Link Works), with UED bearing all costs in excess of S$4.2 million.
-The overall plot ratio of UE BizHub EAST is in excess of the allowable plot ratio and differential land premium is payable.
-UE BizHub EAST and Technopark@Chai Chee may not achieve the same revenue once the rental arrangement expires.
-Acquisitions may not yield the returns expected, resulting in disruptions to VIT’s business and straining of management resources.
-The Managers’ strategy to initiate asset enhancement on some of the Properties from time to time may not materialize.
-High gearing of 39.96%
At first glance, an industrial trust providing a 8.8% yield in 2014 and 9.0% yield in 2015 seems like a steal! Furthermore, with 65% of the total shares (and 1 investor securing a whopping 43% alone) secured by cornerstone investors, it seems to tell us that we should look no further to invest our money in. After a second glance, I do find this offering particularly interesting. 2 out of 3 properties in the portfolio are new buildings and they have certain restriction in place. For example, 21,750.75 sq m of business park space at UE BizHub EAST can only be marketed and leased to IT companies that are supported by Infocomm Development Authority of Singapore, Singapore Economic Development Board or SPRING and each anchor subtenant is required to take up at least 1,500 sq m of business park space. This may affect the landlord ability to lease out the space effectively. In addition, a Urban Plaza and Subway Link Works is required to start around 2017 and VI-REIT is required to pay up to S$4.2 million, which translate to 0.9% of current yield and can eat into the income distribution then. The current yield is based on third party estimation and according to the released information in the prospectus, the occupancy rate is only at 66% of the estimated target. However, I believe the manager will be able to rise up to the expectation and deliver a reasonable return to its investor. Although this offering has a few good acquisition pipeline available for it to utilize, however, given its high gearing, any acquisition will most likely be in the form of new units issuance and this may have a potential to dilute existing investor holdings. Notwithstanding any major impact to distributable income in 2014 and 2015, the high percentage yield is simply hard to ignore. I will recommend to invest in this counter and will personally will be applying for this IPO.
Some useful information:
[28 Oct 2013], [12.00 noon] : Opening date and time for the Public Offer.
[31 Oct 2013], [12.00 noon] : Closing date and time for the Public Offer.
[01 Nov 2013]: Balloting of applications under the Public Offer, if necessary.
[04 Nov 2013], [2.00 p.m.]: Commence trading on a “ready” basis.
Rating for investment: 7.0/10

Disclaimer: You may use the above information as a guide, but please invest based on your own judgment.

Thursday, September 19, 2013

31 Aug 2013

Not much changes from previous entry. Slowest flat in this BTO is in the progress of finishing its roof top. Estimated the BTO will be ready in Q2-Q3 2014. HDB to start dispensing keys in Q3 2014?

Tuesday, September 17, 2013

That Girl in Pinafore

Synopsis: 1992, Singapore is on the cusp of having the first elected President, and it has just banned chewing gum. There is an air of hope and rejuvenation in the air, where everyone believes that a Singaporean dream is possible. Jiaming is a free spirited lad who has never really taken school seriously. His parents own a music lounge called "Meng Chuan", and he felt he could always help run the business if he drops out of school. True enough, his 'O' level results in high school bombed and he dropped out of school. During this month, the 4 boys took part in a local music competition, had their taste of puppy love, and worked hard to bring business back to "Meng Chuan's" struggling business. This coming of age tale, see Jiaming and gang learning the harsh realities of pursuing dreams in the real world; and finding out that choosing between what your heart wants and what the society expects from you, is akin to losing your innocence in an adult world.  [Source: InSing.com]
On the whole, this movie seems to be a local adaptation of the famous Taiwan movie "You are the Apple of my eye". Even so, I still find the movie well done. It has been a while since a local production came out decent. With the storyline set in 1992, just 20 years in the past, the director has manage to strike a cord with most Singaporean as it is something the majority of us can relate to. Going through the scenes, it just seems so nostalgic, when we see again some of the things we used to do in the past. Overall, I find the plot decent, though its ending was something I have not expected. I recommend to give this movie a shot.
Rate: 8/10

Sunday, September 15, 2013

USA day 18 - Liberty Island

08 Jul - Good time just seem to pass by so fast. Before we know it, this is the last day of our holiday and we have to leave for Singapore on a night flight. With no time to waste, we decided to tour the liberty island, newly reopen on 04-Jul after a year of restoration work due to damages from Hurricane Sandy.

Spoils from yesterday outlet shopping

Metro station tracks, with express train lane

The Staten Island Ferry Terminal

A falcon statue

New York City

Statue of Liberty

911 Memorial 

It has been a good 18 days of fun, where we visited Cedar Point we used to work in, completed a mission milestone, enjoying cool weather in USA, and revisited all the awesome city such as New York and Los Angeles. Not to forget the windy city Chicago and San Francisco, where beautiful bridges lies. Hopefully, we will be back to USA in another 5-6 years time. =)

Saturday, September 14, 2013

USA day 17 - Woodbury Premium Outlet

07 Jul - What is the fun of going to New York if you have missed visiting the Woodbury Premium Outlet, where major big brands goods are being sold at discounted prices? The outlet is considered the biggest in the whole of United States, and it literally let you shop till you drop. We started the day early to catch the first bus out to the outlet mall. From then on, its just shopping, shopping and shopping till the shops closed for the night. =)

Waiting for the ticket booth to open to purchase our bus ticket to the mall

The signature Woodbury Premium Outlet customer service center to get your coupons for more savings
We had a fruitful day, with myself clocking in almost $800 worth of apparels. I really amazed myself that I can shop so much! Unfortunately, we missed the last bus and we had to stay at the pickup point for 3 whole hours to wait for the bus company to arrange alternative transport. The occasional drizzles doesn't help either. However, for the goods that I have bought that day, the trip is still considered good! =)

Wednesday, September 11, 2013

USA day 16 - Touring New York

06 Jul - After a good night rest, we woke up early in the morning to start touring attractions that are within walking distance from our hotel.

Innovative way to park cars in land scarce New York. Perhaps Singapore can learn a thing or two from this?

United States Post Office

Sneak peek at Manhattan Building

M&M shop in Times Square

M&M statue of liberty

M&M fireman

View of New York City from the top of Rockefeller Centre

Central Park - Jacqueline Kennedy Onassis Reservoir

South Gate House

The Metropolitan Museum of Art

Squirrel sighted in Central Park

TKTS - A place to buy discount ticket for Broadway and Off Broadway shows

Shubert Theatre - Catching the musical Matilda

Overall, it was a day well spent. The Matilda musical was definitely worth the amount of money we paid for the tickets. The singing was top class and the plot was interesting. This Broadway musical was also different from the rest as it rely on a cast that consists mostly of children. Its so good (in my opinion) that it was no wonder that it got nominated for the 2013 Tony Award!