Jumbo Group Limited (‘Jumbo’) is one of the leading Food and Beverage (‘F&B’) companies in Singapore. It was founded in 1987 by Mr Ang Kiam Meng, current CEO of the company, when he started the first Jumbo Seafood restaurant at East Coast Seafood Centre. Well-known for its chili crabs, Jumbo gradually expanded from its first restaurant to having 36 restaurants of various brands under its ... continue reading...
My Cost Of Raising A Baby In Her First Year
Time really flies because not too long ago, Heartland Boy still remember vividly the scene of Olympia being pulled out by the gynecologist with the use of forceps. In a twinkling of an eye, Olympia celebrated her first birthday last month. Crossing this milestone also meant that Heartland Boy has been a father for a year. He is now finally able to answer the commonly asked question of “How much ... continue reading...
UnUsUal Limited Initiation Report
UnUsUal Limited is one of the leading companies in concert promotions and large-scale events production in Asia. It was founded in 1997 by two brothers, Mr Leslie Ong and Mr Johnny Ong. In 2016, the founders sold a majority stake to mm2 Asia Limited, a producer of films, TV and online content listed on the SGX Mainboard. On 10 April 2017, majority shareholder MM2 successfully listed UnUsUal ... continue reading...
Citi MaxiGain Savings Account Has Lowered Its Interest Rate Again
The Federal Reserve just cut interest rate for the third time this year. Heartland Boy does not stand to gain from this as he took a HDB loan for his property mortgage. In addition, his thoughts immediately swung to the Citi MaxiGain Savings Account since its base interest rate is pegged directly to 1-Month SIBOR. In a double whammy, not only is 1M-SIBOR expected to decline in the short-term, ... continue reading...
Why I Embarked On Eagle Hospitality Trust’s The Queen Mary
REITs and Business Trusts are supposed to be relatively stable assets that are not subject to significant volatility. However, just before the Deepavali long weekend in Singapore, Mr Market presented a unique opportunity in Eagle Hospitality Trust (ticker code SGX: LIW). Eagle Hospitality Trust (‘EHT’) capitulated a total of 15.5% to close at US$0.545 in a single trading session, definitely a far ... continue reading...
