22 April 2016
As spywares and backdoors are rampant among the Android smartphones, UOB took a step and blocks out users who are suspected of using rooted devices to access internet banking.
This is a good move as it protects both parties from the hackers.
A pop up will be displayed when your device is supposedly compromised.
21 April 2016
INTEL will slash up to 12,000 jobs worldwide as it seeks to shake up its business to reduce dependence on the slumping personal computer market,
Known for its role as the leading PC chipmaker, it has in recent years been seeking to shift to mobile and emerging technologies.
The restructuring will cut about 11 per cent of the workforce by mid-2017 and aims to "accelerate evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices", it said.
"Our results over the last year demonstrate a strategy that is working and a solid foundation for growth," said chief executive Brian Krzanich.
"The opportunity now is to accelerate this momentum and build on our strengths."
Intel will be increasing investments in key growth areas, which include the range of smart home and other connected devices known as the "Internet of Things", as well as its data centres and computer memory operation.
Mr Krzanich has spoken frequently about the shift in computing and laid out his vision more than a year ago, telling the Consumer Electronics Show that the industry would be "unleashed" by wearables.
"So, computing becomes unwired and everything becomes smart and connected," he noted at the time.
Intel said the job cuts will come from "a combination of voluntary and involuntary departures" and a re-evaluation of its global operations.
It will set aside US$1.2 billion (S$1.6 billion) to cover the costs of the job reductions and expects the programme to save US$750 million this year and US$1.4 billion by mid-2017.
If you unknowingly installed it, it will execute the Windows Host Script and starts encrypting your important Documents, Excel spreadsheets etc.
When you try to open it, it will pop up a message asking you to pay to 'unlock' the important file.
Ransomware seems to be rampant these days. It not only encrypts your data files and ask you for money by holding you ransom for the important files. So, how can one avoid installing ransomware unknowingly?
So how do you prevent it ?
To resolve this, you can try to disable the Windows Host Script by following the instructions here by disabling the WSH in REGISTRY using REGEDIT.
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23 March 2016
ASUS announces RP-AC68U the latest 802.11ac (AC1900) dual band WiFi repeater at S$259
Launch Price (SGD)
For those who missed the first retail bond offered by Aspial Corporation 5.25% last year, you will have a chance to ballot the second round this year.
The four-year, S$75 million issuance pays annual interest of 5.3 per cent, one of the highest rates rolled out here in years.
Aspial's latest issuance will set aside S$50 million for public offer, with a minimum investment of S$2,000 per application. A S$25 million placement tranche - for institutional investors - will require at least S$100,000 per application.
The offer opens at 9am Wednesday and closes at 12 noon on March 30. Aspial can expand the issue size to a maximum of S$200 million if the offer is over-subscribed.
A 5.3 per cent annual payout, or coupon rate, is step up from Aspial's first issuance in August last year, when the jeweller and property firm rolled out a five-year, S$150 million issuance with a 5.25 per cent coupon rate.
Both coupon rates sit at the very top of the current crop of Singdollar retail corporate bonds.
"The return is certainly very attractive, as is usual with non-investment grade offering," CMC Markets analyst Margaret Yang said, referring to the fact that Aspial is not credit-rated. "Individual investors will have to decide based on their risk appetite. But for a company to hit the retail bond market now makes sense, given that the interest rate uncertainties have dropped after the Federal Reserve said only two rate hikes are on the cards this year."
Those interested can apply through ATM machines from $2000 onwards or buy the corporate version at S$100，000 per lot from issuing parties. Do note that this is a high yield unrated bond which will mature in 4 year's time. The older retail bond at 5.25% is trading slightly below par at 0.995 cents which gives a yield of more than 5.25% right now.
Will you apply for this retail bond?
24 January 2016
31 October 2015
Predictions of what will happen on Monday.
Disclaimer: This is my prediction and I do not hold any responsibilities if you end up with a bad trade or lose money based on the prediction.
^ - up , v - down , -- maintain
Golden Agri --
Genting SG v
Loyz Energy v
Hu An Cable v
HPH Trust --
MMP Resources v
Global Logistics v
Magnus Energy --
DairyFarm USD ^
Wilmar Intl --
APAC Strategic ^
26 October 2015
Lately, there are a couple of retail bonds available and it is definitely a god send for savers. Singapore Savings Bond has a 10 yrs period an averages 2.7% pa over 10 years which is very safe AAA investment in Government bonds.
So, what about corporate ones. Well, we already have 3 launches this year - Frasers 7 years @ 3.65% in May this year, Aspial 5 years @ 5.25% around August, and Perennial 3 yrs @ 4.65% (the latest just on board SGX).
The new kid on the block, and that's Oxley holdings. So far, little details are out other than it has $100 million will be issued to the general public and $25 million will be for institutional investors, with DBS as the book runner for the bond.
At 5%, if you put in a 100K, that would mean you will be collecting S$5000 per year or S$416 per mth (note dividends are paid every 6 months).
As it is a 4 years retail bond, it should be relatively safe as Oxley holdings holds several residential/industrial/commercial properties in Singapore (about 80% of which are freehold) and some in London, Cambodia and China. Didn't look through the annual report much, but at the very least they are making money in 2013 and 2014.
So, will you go for it? Comment below.
21 May 2015
If you have balloted, do login to your bank account either DBS, UOB or OCBC to check your status.
Here is how it looks like on UOB.
So it will be 7 years to hold till maturity or I can sell it straight off for a small profit if I don't intend to keep it. The yield for this retail trench is 3.75% .
Why waste time on Savings Bond or Insurance that pays lesser than 3%.
18 May 2015
1The entire top-up amount as indicated in the Participation Form must be done via FAST (Fast and Secure Transfer) transfer to qualify for the additional S$5 cash credit.
2The deposit of the minimum top-up amount must be accompanied by an increase in the Customer’s Total Current/Savings Account Balance of an amount of at least S$10,000, S$20,000 or S$50,000 (as the case may be) at the end of the Promotion Period (i.e. 15 June 2015) (as compared against his/her Total Current/ Savings Account Balance as at 16 April 2015). Total Current/Savings Account Balance refers to the total balance of all personal savings or current accounts which the Customer may have with CIMB.
3The minimum top-up amount placed and credited into the eligible account will be earmarked ("Earmarked Funds") within 1 month from the end of the Promotion Period until 15 October 2015 ("Earmarked Period"). Earmarked Funds are not available for withdrawal before the expiry of the Earmarked Period.
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
17 May 2015
A number of readers asked me what stocks do I hold ? Well, I have dividend stocks and some growth stocks.
Here is a breakdown of stocks which I think has potential.
STARHILL GLOBAL REIT
A couple of days I just got rid of Golden Agriculture at $0.45 just before their announcement. The price dipped because of poor results. I intend to use the proceeds and invest partially into $800 SUPER or any other counters. I am holding onto REX as it is bottoming and once oil recovers, it should rebound.
Super Group is a counter I like although the valuation if a bit on the high. The results were a bit disappointing and the price dropped from $1.50 to $1.265 within 4 days. Nevertheless, I find that this counter do have it's potential, it also gives dividend.
17 April 2015