Top 100 Jobs in Singapore

So where do you stand?

Below is the list of the top 100 jobs based on the 75th-percentile gross basic monthly income:

1.Managing director - $20,000
2.Commodities futures broker - $17,084
3.Financial futures dealer and broker - $16,667
4.General Manager - $15,417
5.Foreign exchange dealer and broker - $13,024
6.Company director - $12,680
7.Securities dealer and broker - $12,500
8.Specialised surgeon - $12,000
9.Risk management manager - $10,800
10.Creative director (Advertising) - $10,800
11.Legal service manager - $9,592
12.Treasury manager - $9,050
13.Operations manager (Finance) - $9,000
14.Legal officer - $8,975
15.Research and development manager - $7,696
16.Engineering manager - $7,543
17.Budgeting and financial accounting manager - $7,525
18.Training manager - $7,502
19.Business development manager - $7,500
20.Computer and information systems manager - $7,473
21.Technical manager - $7,400
22.Corporate planning manager - $7,350
23.Advocate and solicitor - $7,300
24.Quality assurance manager - $7,210
25.Personnel / Human resource manager - $7,205
26.Computer operations and network manager - $7,200
27.Marketing manager - $7,004
28.Business management consultant - $6,933
29.Advertising and public relations manager - $6,876
30.Procurement manager - $6,833
31.Editor (Newspapers and periodicals) - $6,798
32.Editor (Radio, television and video) - $6,776
33.Biologist - $6,710
34.Chemical engineer (Petroleum) - $6,708
35.Credit analyst - $6,667
36.Customer service manager - $6,662
37.Logistics manager - $6,558
38.Manufacturing plant and production manager - $6,513
39.Advertising copywriter - $6,500
40.Marine superintendent engineer - $6,480
41.Building architect - $6,400
42.Lawyer (except advocate and solicitor) - $6,300
43.Sales manager - $6,248
44.Premises maintenance manager - $6,220
45.Business analyst - $6,192
46.Flight operations officer - $6,003
47.Operations manager - $6,000
48.Transport operations manager - $6,000
49.Administration manager - $5,967
50.Hydrographic surveyor - $5,819
51.Shipping manager - $5,750
52.Industrial health, safety and environment engineer - $5,700
53.Property / Estate manager - $5,300
54.Building and construction project manager - $5,270
55.Financial analyst - $5,210
56.Clearing and forwarding agent - $5,200
57.Telecommunications engineer - $5,185
58.Instrumentation engineer - $5,136
59.Treasury officer - $5,100
60.Aeronautical engineer - $5,063
61.Information technology auditor - $5,047
62.Database administrator - $4,985
63.Warehousing manager - $4,900
64.Electronics engineer - $4,759
65.Medical pathologist - $4,738
66.Information technology security specialist - $4,635
67.Chemist - $4,605
68.Systems designer and analyst - $4,600
69.Network systems and data communication analyst - $4,415
70.Materials engineer - $4,414
71.Accountant - $4,380
72.Production engineer - $4,370
73.Biomedical engineer - $4,361
74.Structural engineer - $4,350
75.Civil engineer - $4,350
76.Journalist - $4,350
77.General physician - $4,344
78.Research officer - $4,309
79.Mechanical engineer - $4,279
80.Executive secretary - $4,254
81.Assistant civil and structural engineer - $4,244
82.Chemical engineer - $4,235
83.Translator - $4,205
84.Software engineer - $4,200
85.Application programmer - $4,175
86.Power generation and distribution engineer - $4,170
87.QC engineer - $4,150
88.Chemical engineer (Petrochemicals) - $4,146
89.Automotive engineer - $4,139
90.Electrical engineer - $4,126
91.Semi-conductor engineer - $4,100
92.Statistical officer - $4,063
93.Market research analyst - $4,057
94.Computer engineer - $4,040
95.CAD CAM engineer - $4,038
96.Manufacturing engineer - $4,028
97.Naval architect - $4,000
98.Librarian - $4,000
99.Specialised nurse - $4,000
100.Medical diagnostic radiographer - $3,993

Courtesy from www.salary.sg

What is Naked Short ?

Short sell not covered back on the same day = Naked Short !

If you sell a stock without owning it, and you did not buy back on the same day, you are performing a naked short. In order to fulfil the contract to deliver the shares (Known as scrips. We are using electronic system so the system is scripless), SGX have to initiate a buy in for you.

SGX will BUY-IN on T+4 11.30am and only your broker/dealer/remisier can access to that on their terminal.

The buy-in price is MAX of (T+3 close price, T+4 11.30am last done price, T+4 11.30am bid price) + 2 bids higher as penalty. If SGX still could not find a seller at that price, it will increase the bid at certain interval until a seller could be found.

For those wanting to sell to SGX in the buy-in can contact your broker/dealer/remisier to do it for you, however each time they could only process 1 counter. ONE CONDITION, your holding must be already paid up and under "free" status in CDP then you can use that to sell to SGX in the buy-in. Contra holding is not allowed. BEST still, you will get back the capital on that day rather than the T+3 or T+4.

Correction Over ?

Good Evening readers,

A message to everyone: Congratulations! Patience is the key to success!

Big Question,
Is the correction finally over? Well, based on today's performance, sighted alot of strong breakouts to form new peaks.

What we can expect the next few days:
STI slightly red due to some profit-takings.

Conclusion: Those who were still invested please continue to ride as the path will be up, up and away!

Today's Market Performance

Generally speaking, there were some profit-taking in today's market. I was surprised to see that the Penny stocks got killed relentlessly today.

I agree that riding the bull is never easy. It always has ups and downs. Life is never a single straight line. There will surely be obstacles along the way. It is more like the stormy pacific ocean. It will try to shake you off-scale, frighten you off and threaten you to jump off the boat before the stormy ride is over. The only way, maybe, is to hang on for as long as possible until the storm loses its energy. One of the costliest mistakes investors make is to mistook profit-taking for the reversal of trend.

When the market rises sharply steep, investors who entered the market earlier, will start to unload money from the market. These in turn causes short-term investors to follow the herd and cut their losses. These includes the contra players who cannot afford to hold. Chain reaction.

From my humble point of view, there will always be profit-taking. Learn to appreciate and recognise corrections. Fundamentals will not change overnight and the current uptrend is still positive at least until the Bei Jing Olympics and US General Elections are over. Ride the bull run even as the market tries to shake you off. The market will resume its upward bull run so do not panick and exit the market too early!

Hope that helps.

Back!

Hi everyone!

Oh it feels good to be back in Singapore! Well, I must say that Thailand is indeed a shopping paradise! Visited MaBongKong, ChakTukChak, Pantip, Pratunam, Platinum, PatPong, 4-Face Buddha, Floating Market and lots more. Bought tons of stuffs. I must agree that Thai massage is simply the best if compared to Singapore and BeiJing massage that I have tried before.

Okay, holidays aside.

Now that we all know Federal slashes key interest rate by half a point to 4.75% to ease tight credit. It may be the last good news. Starting from today, all the bads news may start to spit out one by another. Blue Chips moved today but not the Penny stocks, disappointing.

There are 2 possible outcomes:
1) Penny stocks will rally only after Blue chips rallied.
2) Blue chips rally to peak, followed by a big selldown for mass killing!

Lets observe the market for the next few days.

Holiday Trip

Good Bye Gals and Guys,

I'm leaving for a short holiday trip today and will return to Singapore on 18th September. Taking my profits from my previous trades for a wild shopping spree. Good luck to those who are still trading in this volatile period.

Quote of the Day

The cure for boredom is curiosity. There is no cure for curiosity

Pine Agritech Limited

Listed since 12 May 2005 on SGX Mainboard, Pine Agritech Limited is a manufacturer of soy-bean based products used by manufacturers of soybean oil and soy-based syrups. It's manufacturing bases are located in China.

Personally not invested in it. Good to buy at $0.44. Target price to sell at $0.59. Cut loss at $0.38.

This is based on pure technical analysis views. Not an inducement to trade.

Quote of the Day

Never take position that put substantial capital in jeopardy

What is a Trading Halt ?

Trading halt occurs when the company going to announce some news. Depending on when the annoucement is made, it might take half a day, 1 day, or even a few days.

Trading halt can have the following:
1. Share placement (Yongnam, BBR)
2. Contracts won (Cosco, CSC)
3. Boardroom tussle (Yellow page)
4. Takeover or reverse takeover (Eng Wah)

Quote of the Day

It takes 20 years to build a reputation, and 5 mins to lose it.

My Paper Trading Wishlist

What I wanted to buy today (12 September 2007) by paper trading, and the following are my guidelines:

1. Lorenzo @ $0.40 (Target price $0.56. To cut loss at $0.34 as $0.345 is the support line. Next immediate support is $0.29)

2. Metal Comp @ $0.125 (Target price $0.20. To cut loss at $0.105 as $0.11 is the support line. Next immediate support is $0.09)

3. Progen Holdings @ $0.105 (Target price is $0.19. To cut loss at $0.075 as $0.08 is the support line. Next immediate support is $0.065)


Note: Not an inducement to buy or sell. I will not be responsible for any losses incurred.

What is Warrant ?

A derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue as a "sweetener" to entice investors.

The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months.

Huat ah!

What is Initial Public Offering (IPO) ?

The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded.

In an IPO, the issuer obtains the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), best offering price and time to bring it to market.

Also referred to as a "public offering".

IPOs can be a risky investment. For the individual investor, it is tough to predict what the stock will do on its initial day of trading and in the near future since there is often little historical data with which to analyze the company. Also, most IPOs are of companies going through a transitory growth period, and they are therefore subject to additional uncertainty regarding their future value.

Millionaires' ranks exceed 2,000 for the first time

Millionaires' ranks exceed 2,000 for the first time
Goh Eng Yeow

Sat, Sep 08, 2007
The Straits Times

THE ranks of people in Singapore earning at least $1 million in a single year have grown to record levels, due to a buoyant economy and strong stock market.

The latest figures from the taxman show the number of these million-dollar earners crossed the 2,000 mark for the first time in 2005.

There were 2,121 of them at the end of that year, with 383 millionaires having joined the exclusive club.

That is an even bigger jump than the 368 new faces earning the magic seven-digit figure annually who joined the club during the heady days of 2000, when the stock market was caught up in a dot.com frenzy.

Most of the millionaires are residents here, meaning that they live in Singapore for at least 183 days a year. Only 31 are non-residents.

All in, they paid $682 million in taxes, or 14.5 per cent of all personal tax collected for income earned in 2005, or in the year of assessment 2006.

Data from the taxman also shows that takings of personal income tax, as at March 31 this year, rose to $4.7 billion. This is tax assessed on income earned in 2005 and paid the next year. This was up from $4.33 billion the year before. But given the strong economy, this is not surprising.

In 2005, the Straits Times Index surged 14 per cent, continuing an uptrend which started in 2003 when Singapore recovered from a number of body blows, such as Sars and the bursting of the dot.com bubble.

That year also saw the listing of 67 firms on the Singapore Exchange.

Data released by the Inland Revenue Authority of Singapore also shows that total taxes collected hit $22.86 billion in the year ended March 31, up 15 per cent from the year before.

Corporate tax made up the biggest slice of the pie, climbing to $8.48 billion from $7.34 billion.

The biggest corporate taxpayers came from companies in the wholesale and retail trades, which paid a total sum of $2.01 billion.

This was followed by firms in the financial sector, which paid $1.93 billion in taxes, and manufacturing companies with $1.72 million in tax bills.

Still, this is hardly surprising. Of the 374 listed companies with Dec 31 year-ends which reported results for 2005, 310 were profitable with just 64 in the red. These listed firms earned a staggering $19.96 billion, up 13.9 per cent.

The data also showed that the takings from other forms of taxes were also up for the period under review.

Collections from goods and services tax rose from $3.82 billion to $3.98 billion, while property tax takings were up from $1.83 billion to $2.01 billion.

Durai secures $25,000-a-month CEO job in Abu Dhabi

FORMER National Kidney Foundation chief executive TT Durai - who was sentenced to 3 months' jail in June for deceiving the NKF, but is now appealing his conviction - has secured a new high-paying job.

The 59-year-old has accepted the position of CEO of a new subsidiary company under Singapore-based real estate management firm Property Facility Services (PFS) - a job which will pay him $25,000 a month.

After the conclusion of Durai's appeal and possible sentence, he will be based full-time in Abu Dhabi in the United Arab Emirates (UAE).

This revelation came to light in Durai's affidavit tendered to the High Court on Friday morning during his request for permission to travel overseas while out on bail.

New pay, new perks

In a offer letter signed by PFS chairman Dr Albert Hong and director Dr Shaika Al Maskari dated 21 June this year - ironically, the same day Durai was sentenced to jail - PFS told Durai that he would also be paid a 15 per cent share of the new subsidiary company's annual net profits.

This new Abu Dhabi firm will be sponsored by Tricon Healthcare, a member of the Tricon group.

Durai's contract is scheduled to run for 5 years from 1 August. Some of his duties - to help PFS provide healthcare services, human resource consultancy, manpower recruitment and other business development projects in the Middle East region.

Besides the $25,000 monthly pay and a share of profits, some of Durai's other perks include housing expenses, the use of a company car and a reimbursement of his travel, accommodation and entertainment expenses.

Durai accepted PFS' offer on 27 August.

Can you start work now?

His lawyer also included in his affidavit a separate letter by PFS dated 13 August, informing Durai that it wants him to start work in Abu Dhabi "as soon as possible" - pending the outcome of his appeal.

In fact, until his appeal is settled, Durai's new employers have told him his immediate services are "required" in the UAE for at least 7 days straight every month, during which he would be paid a pro-rated salary.

The court granted Durai's request to travel to the UAE, with his $100,000 bail to remain.

"Confident" of appeal success

Durai also said in his affidavit that he feels upbeat about his chances in his upcoming appeal against his conviction and 3-month jail term - arguing that this means he has no reason to flee the country.

He wrote: "I am advised by my Counsel and verily believe that there are good prospects of appeal against my conviction... I am confident of my prospects of success."

Strong Sectors

The following are two strong sectors that are highly recommended to invest in.

1) Marine and Shipping
- Cosco
- Keppel Corp
- LabroyMar
- Penguin
- SembMarine
- Semb Corp
- Swiber

2) Construction
- Yongnam
- CSC
- Koh Bros
- Hiap Seng

The three main construction projects up for tender are as follow:

1) Marina and Sentosa IR
- Yongnam
- CSC
Announcement for award is likely to be announced by December 2007. Currently, CSC has won a $240 million contract for foundation and piling works at Marina, and $6 million for land surveying at Sentosa.

2) Jurong Island Project
- Rotary
- OKP
- PSL
- Hiap Seng
- Yongnam
Announcement for award will be announced in September and October 2007.

3) Downtown Line Extension
Announcement for award is likely to be awarded in September 2007.

Dear all,
A gentle reminder: Due to the current volatile market, please trade with caution.

Note: Not an inducement to trade. You are encouraged to do your own research. I will not be responsible for any losses incurred.

Case Study: Liang Huat Aluminium Ltd (Share Consolidation)

Listed on SGX Mainboard since 17 June 1994, Liang Huat Aluminium Ltd manufactures aluminium extrusion and glass processing, distributes metal and glass products. The Group is also engaged in property development.

27th August 2007: Currently Trading @ $0.04 . Executing Share Consolidation on 28th August (Every 10 shares become 1). So automatically, the price would become $0.40 tomorrow.
28th August 2007: Market opens at $0.25 instead of $0.40, eventually it closes at $0.12.

So, assuming you had 100 lots @ $0.04 before consolidation, you had $4000 in Liang Huat.
After consolidation, you are suppose to have 10 lots @ $0.40, which is $4000.
But when market ends at 28th August @ $0.12, your net worth is now $1200.

Conclusion: Share Consolidation does not mean it is an advantage. In fact, at today's unstable market with the US subprime issue, prices that fell after consolidation is a very terrible outcome.

Could the management of the company be encountering some problems?

Good Luck to those who invested in it.

Quote of the Day

Success consists of going from failure to failure without loss of enthusiasm

Money Making Machine

What is Money Making Machine?
A bank that keeps printing money ?
From my humble opinion, Money making machine means passive income.

1) How long can your current job last?
2) How long can your savings last?

Generate your own money making machine that gives you passive income every month even when you are out of job or 88 years old !

Working Lifespan

A normal Singaporean has only 35 years of "working life" in average (Assuming started working at the age of 20 and retires at 55). Take this golden opportunity to accumulate your wealth of savings.
1) Make full use of your CPF (Use it as housing loan etc)
2) Increase your resources that will yield you your well-deserved paychecks!

Resources including:
1) Premium insurances (This had got to start very young because the costs will increase with your age)
2) Property investments
3) Stock investments
4) Unit Trusts/ Fixed Deposits
5) Bonds
and the list goes on...

What is XD ?

If you bought the share before XD, you'll be entitled to the dividend. If you bought after or on XD, you'll not be entitled. Similary, if you sell on or after XD, you'll still get your dividend.