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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...
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Singapore IPOs Tikams for 2018

2018 is a year to be forgotten for IPOs on the Singapore Exchange. SGX "failed" to attract any significant listings and most of the listings are currently underwater as shown by the table below.

(Source: Shareinvestor.com)

Mr. IPO has been reporting his IPO tikams (performances) since 2012. You can search for the prior posts here.  How did he perform in 2018?

Contrary to even my own expectations, 2018 turned out to be the best year i ever had because of a few significant "bets".

Majority of the gains came in the first half of 2018 and significantly from the RTO of Memories Group, which i took a significant placement shares , so technically it is not an IPO but I have classified it in the IPO category. The top 3 gains are as follows:
  1. Memories Group $ 19,471
  2. Asian Healthcare $  8,371
  3. SLB Development $ 3,366
While i have fared well in the IPO tikams, my personal portfolio suffered a big loss when i wrote down Hyflux Perps to 10% of its par value. At this juncture, I am not even sure if i can recover the written down value and i will blog about them in a separate post on  my passive income pursuit.

I think 2019 will continue to be challenging for the Singapore IPO market with SGX struggling to attract companies to list here. The market should continue to stay volatile in the first half and beyond that, it will be challenging to predict how the markets will perform. 

That is all from me for now. I take the opportunity to wish all readers good health, happiness and a wonderful 2018!  

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