Cash Rewards from FINTY

This is the 3^rd rewards I get from FINTY, a financial comparison website!

I received $20 from FINTY as promised on its promotional website, where rewards are also applicable for existing Standard Chartered cardholders. 

This time round FINTY is more efficient in delivering their rewards, as I got it within a few weeks after my card approval. However, I had yet to receive any cash rewards from Standard Chartered, which is also $20 for existing cardholders, as written on its card promotional website. 

Thank you FINTY! 

I was browsing around and stumble upon the promotions with the benefits stated for Standard Chartered Spree Card. From its advertisement, it stated that you can receive up to $60 cashback monthly, with no minimum spend. 

The design of the card is quite unique and attractive as well. It gives a sense of breeze feeling. This card has collaboration between Standard Chartered Bank and Singpost. 

For more information on exclusive card privileges, please refer to Standard Chartered Spree Credit Card page.  

Image Source: finty.com

Image Source: My Banking Transaction History 

Cash Rewards from FINTY & Standard Chartered Bank

This is the 2^nd rewards I get from FINTY, a credit card comparison website!

It was another great experience with FINTY website, as they gave me a sense of feeling that the company is reliable and also process the rewards redemption as promised on their promotional page. 

I received $30 cash rewards from FINTY upon approval of my Standard Chartered Unlimited Cashback Credit Card. If you aware the cash rewards I get is lower than the rewards shown promotional screen capture below. The reason is because during the time I apply, the rewards is lower, and now they had increased to $50, which is higher. That's definitely a better deal for those who had yet to apply. 

Thanks to FINTY again! 

Nevertheless Standard Chartered is very efficient as well. I received their $138 cash rewards just within a few days after I activate my Standard Chartered Unlimited Cashback Credit Card. 

That’s the best experience I ever had with the rewards from credit card without any minimum spending required. Unlike other competitor banks, where it always comes with the terms and conditions which required a minimum spending of at least a few hundred bucks in order to receive the card application rewards. 

Thanks to Standard Chartered for such great customer experience! 

Do notes, the $138 cash rewards for card application is only applicable for new to bank customer, and you must not have any existing or previously cancelled credit cards in the last 12 months. Aside to that, I noticed there is a statement stating in the clause that the Eligible Card has to be activated within 30 days from the card approval date, and the card has to be remaining active for more than 6 months. 

For more details please refer to the Terms and Conditions of Standard Chartered rewards redemption eligibility. 

Image Source: finty.com

Image Source: My Banking Transaction History 

Image Source: My Banking Transaction History

Cash Rewards from FINTY

I would like to share the experience I had with Finty, a financial comparison website. 

Last month I browse through their website and the promotion of CIMB Visa Signature caught my attention. After reading through the benefits and highlights of this card, I decided to apply for the card. 

Within less than 2 weeks, I got my card approved and mail to my home. That’s certainly a great and convenience experience. 

Finty customer service were then transferred me with cash reward of SGD $5 upon card approval as promised on their promotional page. 

Although the amount don’t sounds big and fancy, but at least I would say their processing response are reliable and fast. 

Thank you FINTY! 

Image Source: finty.com 

Image Source: My Banking Transaction History

Service Gesture by Standard Chartered Bank

As my commitment towards my journey of reaching first bucket of 1 Million SGD, I think I would share everything that relevant to financial journey here, as long as the financial stuff is relevant to my journey. 

I would like to share a great experience I had with Standard Chartered recently. 

Just a couple weeks ago, I perform a fund transfer transaction via my Standard Chartered Bank internet banking service. However, the transaction was unsuccessful and with SMS notification sent during the night informing on the transaction failure due to technical issue. I was also informed that I will be receiving SGD$20 as a service gesture. 

Exactly a week later, I was credited with SGD$20 as a compensation for the technical issue. Being one of their customers, who received such premium service; this is definitely a happy experience. Such gesture really makes us as a customer feels that we are well taken care of being their customer and every single difficulty we experience on their banking services is promptly notified. 

If the best things in life are “Free”, why not give your customer the best thing for “Free”? If it only cost your business a dime and it’s likely to encourage your customer’s loyalty, I think that’s worth for such genuine gesture. 

That’s an excellence skills I learn from Standard Chartered Customer Service team on how they helps to retain and encourage customer loyalty in a business. I would like to sincerely thank to their Customer Service team for the great job! 

Thank you Standard Chartered! 

Image Source: My Standard Chartered Transaction History

Expenses Tracking - October 2017

The expenses for October seems to increase a slight higher.
There are bit of increase on food expenses this month, probably spend more on dining for the month.

Expenses for 2017

Expenses Tracking - September 2017

As a journey of reaching the first bucket of 1 Million SGD, I decided to reveal my monthly expenses as the expenses tracking is also one of the main important key of achieving the goals. 

I use the Seedly applications to keep track my daily expenses, and I found that it is very useful. Furthermore, the application services provided is free of charge! You may give a try as well and hope you are able to track your goals towards your financial freedom as well! 

P/S: Please ignore the empty values on month from January till August, as I started to track my expenses only from September. More post to be shared and stay tune! 

Expenses for 2017

SingPost (S08):

Latest update as of 21/07/2017 @$1.35:

• Mr Simon Israel, chairman of both Singapore Post (SingPost) and Singtel, was discharged from hospital at noon on Friday (July 21). 
• Mr Israel, 63, was hospitalised the morning before, and was therefore absent from SingPost's 25th annual general meeting on Thursday (July 20). The spokesman did not disclose the reason for his hospitalisation. 
• For more details information, please refer to sources from: 
  - straitstimes.com > SingPost chairman Simon Israel discharged from hospital after missing AGM.

Latest update as of 20/07/2017 @$1.35:

• CHAIRMAN of SingPost, Simon Israel, was absent from the postal and e-commerce service provider's 25th Annual General Meeting (AGM) on Thursday. 
• When asked, a spokesman from SingPost would only say that Mr Israel was hospitalised on Thursday morning and "is under observation pending tests". 
• For more details information, please refer to sources from:
  businesstimes.com.sg > SingPost chairman absent from its 25th AGM. 

Latest update as of 29/06/2017 @$1.32: 

• Alibaba Group Holding announced that it is investing an additional US$1 billion in Lazada Group, raising its stake from 51% to 83% in the Southeast Asian e-commerce company in an effort to expand its footprint in the region. 
• Lazada was founded in 2012, and has its headquarters in Singapore which also operates in Indonesia, Malaysia, Thailand, Vietnam, and Philippines. 
• With the financial support and collaboration, Alibaba has provided Lazada with several benefits, including access to a wider range of merchants and improving its logistics capabilities. 
• Lazada has been expanding its offerings over the last year, buying Singapore-based online grocer RedMart and tying up with companies such as Netflix and Uber [UBER.UL] for a membership program. 
• Will this bring positive impact to SingPost as Lazada has its warehouse operation collaborations with SingPost? 
• In my personal opinion, the e-commerce expansion of Southeast Asia market by Alibaba on Lazada going to bring more business order for Lazada, and this will indirectly involve an expansion of warehouse in order to support the huge business in the future. That could possibly be an opportunity to bring a positive impact to Singpost profits as well. 
• For more details information, please refer to sources from:
  - wealthinasia.com > Alibaba Pumps US$1 Billion Into Lazada To Fuel Southeast Asian Expansion.
  - reuters.com > Alibaba spending $1 billion to raise stake in Southeast Asia's Lazada.

Latest update as of 17/05/2017 @$1.31:

• SingPost announced that Lazada Singapore has moved its warehouse operations to SingPost Regional eCommerce Logistics Hub in Tampines Logistics Park.
• With investments by Alibaba in both companies, the move allows Lazada and SingPost to leverage on each other’s strengths to meet rising eCommerce demand in Southeast Asia. Lazada has been bought over by Alibaba. 
• The SingPost Regional eCommerce Logistics Hub integrates both warehousing and delivery hub capabilities within one building, enabling SingPost to provide Lazada faster turnaround time.
• The combination of strengths in e-commerce and logistics will enable both companies - which have each received investment from China's Alibaba - to be in a leading position in the industry to serve a wider spectrum of customers in Singapore and the region, they said in a press release.
• Although in my previous recap that the company likely will shows positive results in a much longer term of at least 1-2 years time. However in a short spam period with recent news such as Share Buy Back and close joint work with Lazada, I personally thinks that the price will slightly further push up. 
• Will do a short term trade of within 3 to 6 months, as current price is much lower compare to previous price bought by Alibaba at $1.48. There is still a change for the price to have a slight pull up. 
• For more details information, please refer to sources from:
  - singpost.com > Lazada Singapore Moves Entire Warehouse Operations to SingPost’s Regional e-Commerce Logistics Hub. 
  - businesstimes.com.sg > Lazada moves warehouse operations to SingPost's regional logistics hub.
  - theedgemarkets.com > Lazada Singapore moves entire warehouse operations to SingPost’s ecommerce logistics hub.

Latest update as of 16/05/2017 @$1.30:

• SingPost announced a share buy back by way of market acquisition, with amount of 93,000 shares at price around $1.31 ~ $1.32. 
• Share buyback usually happen when a company believes its stock is undervalued, buying some of it back from the marketplace will have the overall effect of raising its current selling price to one that is more in line with its inherent worth.
• For more details information, please refer to sources from:
  - sgx.i3investor.com > Share Buy Back - Daily Share Buy-Back Notice.

Latest update as of 15/05/2017 @$1.34:

• SingPost's share price plummeted after the firm published recent performance data.
• SingPost net profit attributable to equity holders decreased 86.6 per cent to S$33.4 million, reflecting a 24.7 per cent decline in underlying net profit and exceptional items.
• A major acquisition deal struck in 2015 by Singapore’s national post and logistics company SingPost has turned sour, dealing a blow to its e-commerce ambitions.
• SingPost on Friday evening said that it incurred a S$185 million writedown on TradeGlobal after the unit took on a S$25.8 million loss during the quarter. SingPost also cut its dividend payout to half a cent, a fifth of what it paid out the previous year.
• This would definitely takes some times for SingPost to recover, which could be at least within 1 to 2 years, 2018 or 2019. 
• For more details information, please refer to sources from:
  - techinasia.com > SingPost stock takes a hit for bad $170m ecommerce deal.
  - businesstimes.com.sg > Hot stock: SingPost slides 4.3% after TradeGlobal writedown.
  - singpost.com > SingPost revenue rises 17.1 per cent for the full year, net profit falls
  86.6 per cent on impairment charges.

Latest update as of 29/03/2017 @$1.35:

• SingPost signed a property management agreement with CapitaLand Mall Asia to manage the retail mall at the new SingPost Centre.
• CapitaLand will oversee the upcoming SingPost Centre mall.
• CapitaLand Mall Asia, has signed a contract to manage the upcoming mall at the new SingPost Centre.
• The tenants at SingPost Centre include NTUC FairPrice, Golden Village, Kopitiam, other retail brands, family entertainment outlets and enrichment centres.
• For more details information, please refer to sources from straitstimes.com.

 

Latest update as of 07/03/2017 @$1.36:

• SingPost’s head of e-commerce quits.
• SingPost is facing another challenge in finding a replacement for one of its senior executives, following the surprise resignation of Marcelo Wesseler as CEO of SP Commerce.
• Mr Wesseler will assist the company to ensure a transition of duties during his period of notice until June 5, 2017.
• This will bring a hard time for SingPost, as we knowing that the trend of traditional business of postal operation has to change to an e-commerce based business in order to survive in a competitive future. 
• For more details information, please refer to news.asiaone.com.

 

Latest update as of 20/02/2017 @$1.38:

• Alibaba Pictures Group expects to record net loss in the range of RMB950m to RMB1b for the FY16 as compared to a profit of approximately of RMB466.0m for FY15.
• Group's overall bottom line result for 2016 was primarily impacted by marketing expenses of Tao Piao Piao, which also known as Alibaba's Movie Ticketing Platform. 
• Since Alibaba's has collaboration with SingPost, will this be indirectly impacting on SingPost share price? 

For more information, please refer to sources from Reuters > Alibaba Pictures sees net loss in range of RMB950 mln-RMB1 bln for year ending Dec 31, 2016.

Latest update as of 13/02/2017 @$1.41:

• SingPost announced its lower net profit in 3QFY17 due to operating losses in the US eCommerce business, costs related to the new Regional eCommerce Logistics Hub, and a fall in domestic mail volumes.
• Volume and related expenses were greater than expected, due to higher international mail dues and higher cost of sales and outsourced services related to TradeGlobal and Jagged Peak.
• An interim dividend of S$0.005/share has been declared, lower than the S$0.015/share dividend last year.
• Prior to the announcement, its share price drop about $0.09 in a single day.  

For more details information, please refer to sgx.i3investor.com > Singapore Post: Lowers interim dividend further.

 

Latest update as of 06/02/2017 @$1.47: 

• Singapore Post Limited will be announcing its unaudited results for the third quarter and nine months ended 31st December 2016 on 10th February 2017 after the close of trading. 

For more information, please refer to sources from infopub.sgx.com.

Latest update as of 13/01/2017 @$1.50: 

• On 8 July 2015, SingPost entered into a second investment agreement with Alibaba Investment Limited, pursuant to which SingPost will issue 107,553,907 ordinary shares in SingPost to Alibaba Investment.
  
• On 11 January 2017, completion of the Proposed Issuance took place. Accordingly, Alibaba Investment now holds a direct interest in 327,649,907 Shares. As of 11 January 2017, Alibaba Group Holding Limited holds more than 50% of the shares of Alibaba Investment and SoftBank Group Corp. SoftBank hold more than 20% of the shares of Alibaba Group. By virtue of this, SoftBank has a deemed interest in 327,649,907 Shares, representing approximately 14.42% of the issued share capital of SingPost (based on company announcement dated 11 January 2017 released by SingPost via SGXNET).
• Below are the quantum of total voting shares/ units held by Substantial Shareholder/ Unitholder:
  
  
  For more details, please refer to sources from:
• SingTel - infopub.sgx.com
  Singtel.pdf
• Alibaba - infopub.sgx.com
  Alibaba.pdf
• SoftBank - infopub.sgx.com
  SoftBank.pdf

Latest update on 12/01/2017

• SingPost has allotted and issued the New Shares of 107,553,907 Ordinary shares to Alibaba Investment Limited in accordance with the terms of the Second Investment Agreement.
  
  For details please refer to:
  infopub.sgx.com
  SGX Announcement

Latest update on 29/12/2016

• Singpost appointment of new Chief Executive Officer (CEO) and director, Mr Paul William Coutts.
• Mr Coutts is about 60 years old, who has more than 20 years of experience in C-suite positions at major global logistics and postal companies.
  For details, please refer to source channelnewsasia.com
• Below are the details of the latest history experience of the new CEO Mr. Paul William Coutts in the industries:February 2013 - Present
  Toll Global Forwarding
  Chief Executive Office (Based in Singapore)August 2009 - January 2013
  Toll Global Forwarding
  Global Products, Marketing and Sales Director (COO) (Based in Singapore)January 2007 - August 2009
  DPWN
  Managing Director, Marketing and Sales, Europe, DHL Express (Based in Brussels, Belgium)
  April 2006 - December 2006
  DPWN
  Chief Executive Officer, DHL Global Mail - Europe (Based in Bonn, Germany)
  Chief Executive Officer
  For details, please refer to sources from infopub.sgx.com.

• The position of Coutts as Group CEO will be officially effective on 1st June 2017.
  For details, please refer to sources from sg.news.yahoo.com.

• In the past year, SingPost had suffered from severe crisis in management succession, conflicts of interest and disclosures, and processes for mergers and acquisitions and market disclosures. This also caused the share price suffered from public crisis.With the new appointed CEO, I would still wait for a short cooling period for its organization to be stabilized before decide to enter for a BUY on the stock.  

Business Overview: 

For over 150 years, Singapore Post (SingPost) as the country's postal service provider, has been delivering trusted and reliable services to homes and businesses in Singapore.

SingPost has been listed on the Main Board of the Singapore Exchange since 2003.

The Company operates through four segments which comprises of eCommerce Solutions, Logistics Solutions, Mail Solutions and Marketing Solutions (Retail).

The Mail segment provides comprehensive services for collecting, sorting, transporting and distributing domestic and international mail, as well as sale of philatelic products.
The Logistics segment provides a range of logistics solutions, comprising freight, warehousing, domestic and international distribution, and delivery services.
The Retail & eCommerce segment provides a range of products and services beyond the scope of traditional postal services, including agency services, financial services and front-end e-commerce solutions.

For details please refer to source from sg.finance.yahoo.com

SingPost’s subsidiaries and businesses include: 

• SP eCommerce, an ecommerce enabler that provides brands and retailers with integrated end-to-end ecommerce solutions 
• Quantium Solutions which specialises in logistics and fulfilment services to businesses in the Asia Pacific region
• CouriersPlease, a leading metropolitan express parcel delivery service in Australia
• Famous Holdings, an established freight consolidator and freight-forwarder with a regional presence in 7 countries
• Lock+Store, a self-storage operator in Singapore, Hong Kong and Malaysia
• Speedpost, a leading provider for courier service in Singapore and international shipping to more than 200 destinations across the globe 
• vPOST, one of the largest online shopping and shipping services providers in Southeast Asia
• Omigo Marketplace, Singapore’s online marketplace for consumers to shop and for SMEs and international brands to sell online 
• SAM, a digital mailbox with bill payment services which can be accessed anywhere, anytime.
  
  For details please refer to sources from SingPost.com

Dividend Payout: 

 SingPost Dividend Yield History

Column Chart Projection of SingPost Dividend Yield