$$$ KPO and CZM $$$

Tuesday, May 29, 2018

How Much is Our Blog Worth as One of the Top 75 Singapore Investment Blogs

A few days ago, I received an email from Anuj Agarwal, the founder of Feedspot congratulating the KPO and CZM team (me, myself and I) for being selected as one of the Top 75 Singapore Investment Blogs.


We would like to thank our parents readers for your support. This award would not have been possible without all of you!


We are currently ranked number 51, not too shabby. I was expecting the blog to be ranked 75 when I saw the email. lol. I went down the list to take a look at the blogs "behind" us and was surprised to see my idol ASSI at 57. A bit kelong but I will still take it since it is gold and shiny xD

Since it is such a special day, let me share some interesting numbers and attempt to value our blog. How much do you think our blog is worth?


I started placing advertisements on the blog around last year July. Till date, the blog has generated $473.54 in less than a year! For a few days/weeks in July, the blog was generating a few cents per day. Slowly it grew to 10/20 cents per day and now, about $1 on average per day. Once in a while, I will write something interesting such as this - DBS Multiplier + SSBs + Joint Account = Higher Interest! which generated ~$30 in 2 days (what I usually get in a month)!


Let's assume that the blog will generate another $30 for June 2018, the annualized earnings will be around $503.54. If our blog is similar to a stock paying 5% dividend, its market value would be $10,070.80! Wow! Who wants to buy? Hahahaha.

On second thoughts, our blog is not for sale. It is on its way to becoming the next million dollar business. 老王卖瓜,自卖自夸 (lǎo wáng mài guā, zì mài zì kuā) Time to sleep and continue my dream!

Thank you once again! I hope our blog has motivated you to start investing or you might have learnt a few things from our sharing/mistakes :)

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Tuesday, May 22, 2018

Expenses - April 2018

My expenses for April is one of the lowest so far! The bulk of it is from my parents' MediShield and insurance premium ($2,232) which is paid from my Medisave account. They have been paying roughly this amount in cash before I started working. It only makes sense that I paid it through my Medisave so they can keep more cash for themselves (cash is king!). My plan was to pay for my 3 other siblings as well. Unfortunately, they are not considered as my dependants hence my parents are still paying in cash.

Current Profile: 28 years old male planning to get married this year and is still living with his parents


I was struggling to decide if I should include the insurance premium as my expenses. Since these are paid out of my Medisave account, my cash flow will not be affected at all. On the other hand, if my Medisave account has insufficient fund, these premiums would then have to be paid using cash. In addition, my brother will start working this year and my parents said I can transfer one of the premium to him. The next question would be will my Medisave run out of money? Probably not... After considering all these, I decided to exclude them. Hence, my total expenses would be $3,826.09 - $2,232 = $1594.09 instead.

You can read more about how we manage our finances here. Removing our shared expenses which come out of our mutual fund (KPO Expense Fund), my expenses for April would be $1594.09 - ($43.10 / 2) = $1,572.54.

Parents
I previously blogged about my promotion and increment - Salary - You Are Your Best Investment and it was only effective from February so I gave my parents more allowance as well.

Insurance
This is a fixed monthly cost for the basic coverage - term life and hospitalization. It is higher this month because of the annual MediShield Life premium.

Food
My food expenses are exceptionally low because I stay with my parents! Most of it is incurred when I am out with CZM.

Gift
Ang Bao for my JC friend when I attended her church wedding and bought a small packet of Irvins salted egg fish skin for my family.

Transportation
I would always pay for CZM's cab ride home during night time since I am too lazy to send her home. That was one of our agreement. lol.

Public transportation seems a lot lower because of 2 reasons:
1. I am no longer using EZ Link Auto-Reload. Account-Based Ticketing (ABT) is a much better choice as you pay what you use instead of triggering top up where the money is stored in the EZ Link card. The best part is miles can be earned too (using UOB PRVI Mastercard)!
2. $0.50 Discount for commuters who enter stations before 7.45am on weekdays.

Me
The $69.97 is the installment for Surface Pro which I got about 2 years back. One of my kind readers emailed and told me that Microsoft has admitted that there is a small batch of Surface Pro 4 with defects - Surface Pro 4 screen flickers or is scrambled and they will be offering a free replacement. I am in the process of getting that sorted out. The annoying thing is Singapore does not has a service centre so the SP4 has to be shipped somewhere...

Wedding
We bought some random stuff/props for the pre-wedding photoshoot from Lazada.


The shoe is bad, very low quality but you get what you pay for. However, the shirt is surprisingly decent. The other items you probably have no need for them so save the money!

Treat
Nothing worth mentioning.

Entertainment
Cannot remember what we watched but we probably had a free movie ticket.

Investment
$2 IPO - Hyphens Pharma International Limited

Summary
January 2018 - $2,256.43
February 2018 - $1,759.01
March 2018 - $5,049.79
April 2018 - $1,572.54

Total expenses for 2018: $10,637.77
Average expenses per month for 2018: $2,659.44

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right -->)

Monday, May 14, 2018

IPO - Hyphens Pharma International Limited

It has been a while since there was an IPO that interest us me. CZM is not joining because she has never heard of this company or their products. Neither have I but I am just a number guy. You can find the prospectus here.

Hyphens Pharma International Limited is a pharmaceuticals/medical company with the following 3 core businesses:
- Specialty pharma principals (53.6% of 2017 total revenue)
- Proprietary brands (11.4% of 2017 total revenue)
- Medical hypermart and digital (35.0% of 2017 total revenue)

There will be 29,600,000 Invitation Shares with 3,000,000 Public Offer Shares and 26,600,000 Placement Shares at S$0.26. The closing date will be 16 May 2018 at 12 pm and it will start trading on 18 May 2018 at 9 am.


From what I can understand, they sell/distribute drugs:
- Specialty pharma principals = selling/distributing other companies' drugs
- Proprietary brands = selling their own drugs + patents (Ceradan and TDF)
- Medical hypermart and digital = selling drugs online


With an IPO price of $0.26 and an EPS of 2.0 cents, the stock will be trading/listing at a PE of 13. My eyes blink $_$ when I saw this as healthcare related stocks generally trade at a huge premium!


Their dividend policy states that they intend to distribute at least 30% of net profits. Assuming EPS remains constant for 2018, that will translate to a dividend yield of (0.02 x 0.3) / 0.26 ~ 2.31%. What I dislike is that they have already paid themselves handsomely before the IPO >.<


The valuation is so cheap that even with an average PE of 15 (not industry average), the IPO looks like a bao jiak (sure win) using my IPO Hit and Run Calculator (sell on day 1 with the assumption that it trades at the expected average PE). Even Mr. IPO gave a 3 chill ratings which mean "This IPO is hot. Your $2 is probably going to buy you a romantic dinner for 2 with a bottle of red wine included. Likely opening price: More than 20% upside". You can find his analysis here.

I applied 40,000 shares for placement but was not allocated any. My broker asked me to try my luck at ATM -.- Pretty hot? Huat ah!

Update on 17th May 2018 - KPO has no luck in IPO


Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right -->)