To The Moon

SIA Is Expanding While Jet Fuel Has Doubled. Should You Be Worried About the Dividend? | EP1646🦖 Jet fuel has doubled, SIA is ordering more planes, and yet the dividend yield still shows around 5 to 6 percent on your screen. That combination is what bothered me. When I dug into the hedge levels and the profit squeeze per flight, it stopped looking like a simple “national champion” story and started looking like a stress test for anyone using SIA as a retirement pay cheque. If you are parking S$50,000 in SIA for income, that 5.58 percent headline yield only makes sense if today’s dividend survives the fuel shock and the next few earnings cycles. In this episode, I walk through how much of the fuel bill is actually hedged, why the widebody expansion can flip from strength to weakness, and wh

When the Balance Sheet Doesn't Match the Yield | Daily Pulse 4 Jun | EP1642🦖 Two numbers bothered me today: a 6 percent yield and a 90.5 percent occupancy rate sitting in the same REIT. On paper, CapitaLand Ascendas REIT is buying a clean Tuas logistics asset at about S$133.9 million with a 6.5 percent income yield and full occupancy, which sounds textbook solid. But when I layer that asset onto a balance sheet already carrying roughly 37-plus percent gearing, thinner interest coverage around 3.5 times, and falling portfolio occupancy, the story stops being about one “good deal” and starts being about whether the overall engine can keep funding your distributions. If you are 55 in Bedok thinking a 6 percent yield at S$2.51 per unit looks like an easy upgrade over CPF and T-bills, this is w

Why 8 Out of 10 SGX Dividend Stocks Fail The CPF Retirement Test | EP1641🦖 Everyone talks about “beating CPF” like it is a bonus. I am starting to think that for most popular SGX dividend stocks, just matching your CPF Special Account is already a stretch once you factor in gearing and dividend cut risk. The surprise from this week’s audit is simple: the problem is not low yields, it is how tiny the gap is between your so-called income stocks and the 4 percent sanctuary you already own. If you are sitting on a portfolio of high-yield counters because they feel safer than growth stocks, you need to know which names are actually paying you a real premium over CPF and which ones are quietly paying you less for more risk. When I stack a 4.55 percent stock against 4.0 percent guaranteed CPF SA

Your ILP Is Not Capital Guaranteed. MAS Just Said So. | EP1640🦖 Most people I talk to still believe their ILP “capital guarantee” is a safety net for their retirement, when in reality it only fully snaps into place after they are gone. The MAS and LIA warning isn’t about a small wording issue; it is about years of premiums quietly feeding two separate fee structures while your investment value keeps taking the market hits. If you are 55 in Bedok with S$100,000 locked in one of these plans, you are effectively competing against CPF OA at 2.5 percent and SA at 4 percent, with extra interest on your first S$60,000, while your ILP is paying fund managers 0.75 to 2 percent a year and punishing you with surrender charges if you pull out early. Before you rely on that policy for your retirement f

The Checkpoint Closes, Your Dividend Stops. The ASEAN Lesson Every SGX Investor Missed | EP1637🦖 How much of your dividend plan depends on two countries you barely think about not shooting at each other? When Thailand and Cambodia started trading artillery instead of goods, border checkpoints closed, labour vanished and hard drive component costs spiked, all without a single line item on your broker statement warning you this could happen. The part that bothers me is simple: investors treated “ASEAN integration” like a safety net, then watched it snap the moment politics overruled trade. 📺 YouTube: https://youtu.be/_flxQN4dzQ8 📩 Substack: https://investingiguana.com/p/your-neighbour-went-to-war-did-your

The Checkpoint Closes, Your Dividend Stops. The ASEAN Lesson Every SGX Investor Missed | EP1637🦖 How much of your dividend plan depends on two countries you barely think about not shooting at each other? When Thailand and Cambodia started trading artillery instead of goods, border checkpoints closed, labour vanished and hard drive component costs spiked, all without a single line item on your broker statement warning you this could happen. The part that bothers me is simple: investors treated “ASEAN integration” like a safety net, then watched it snap the moment politics overruled trade. 📺 YouTube: https://youtu.be/_flxQN4dzQ8 📩 Substack: https://investingiguana.com/p/your-neighbour-went-to-war-did-your

DBS Opens 18 Wealth Centres. MAS Catches Agents Lying About Your ILP | SGX Daily Podcast | EP1638 🦖 Today we zoom in on three headlines that look harmless on page one but are brutal if you are a 55-year-old trying to live on CPF, T‑Bills and REIT income. DBS is rolling out 18 new wealth centres across Asia and upgrading 36 more, which sounds like growth… until you realise it is a giant machine for fee income and your 6.16% yield only works if you do not buy at the wrong price. MAS and the Life Insurance Association are also calling out agents who sell ILPs as “capital guaranteed upon death”, when your money can still swing up and down while you are alive and needing cash. And Jumbo Seafood losing its East Coast flagship after nearly 40 years is your Bedok kopitiam reminder that one landlor

DBS Opens 18 Wealth Centres. MAS Catches Agents Lying About Your ILP | SGX Daily Podcast | EP1638 🦖 Today we zoom in on three headlines that look harmless on page one but are brutal if you are a 55-year-old trying to live on CPF, T‑Bills and REIT income. DBS is rolling out 18 new wealth centres across Asia and upgrading 36 more, which sounds like growth… until you realise it is a giant machine for fee income and your 6.16% yield only works if you do not buy at the wrong price. MAS and the Life Insurance Association are also calling out agents who sell ILPs as “capital guaranteed upon death”, when your money can still swing up and down while you are alive and needing cash. And Jumbo Seafood losing its East Coast flagship after nearly 40 years is your Bedok kopitiam reminder that one landlor

Three Wealth Managers Just Told You How to Retire. Here's What They Left Out | EP1636 🦖 Three credentialed wealth managers just told Singaporeans to copy a “safe” global retirement template that quietly treats CPF as a side salad. When I ran their 40/60 model through my own checklist, the real bond layer wasn’t the 60% in fixed income at all, it was the 4% sitting inside your CPF. The moment you see CPF as the lead actor instead of a supporting character, the whole three-bucket story starts to look very different. If your CPF payouts can already cover around 60% of your essential bills, a 1.4% T-bill “bond layer” outside the system is not protecting you, it is dragging your total portfolio below what you could get just by topping up your Special Account. That forces the equity side to take

Chase Room Keys, Ignore the Debt Wall: A Forensic Review of the Institutional 'BUY' on LHN | EP1634🦖 The strange thing about this LHN story is that the one number that looks the best on paper is also the one that could get a 55-year-old in trouble. A 6.5 percent dividend sounds like a gift when CPF SA pays 4.0 percent, but once I stripped out the broker optimism and just lined up the revenue decline, the 10.39 times net debt to EBITDA and the marginal interest coverage miss, it started to look less like “bond replacement” and more like a leveraged co-living bet dressed up as income. If you are running CPF, SRS and a REIT portfolio to fund your MRT rides and HDB expenses in retirement, the question is not whether the Coliwoo brand can hit 10,000 keys, it is whether that 6.5 percent payout c