Singapore Reinsurance @ $0.275

BACKGROUND HISTORY

Singapore Re is the Republic's only active indigenous reinsurer, serving the domestic insurance industry as well as those in the Asian region and beyond.

Established in 1973 as a co-operative effort by all the insurance companies then operating in the local market, one of its primary roles was to contribute towards the development of Singapore as a premier insurance centre in the region. This remains its key focus today, as it leverages on the close symbiotic ties with its business partners to offer value-added services and products directly as well as through its stable of subsidiaries, which serve the financial services sector in the following areas:

• Underwriting management and secretariat services;
• Management of insurance industry statistical databases;
• Computer software development and consultancy services;
• Publishing and conferencing services under the banner of flagship publication, Asia Insurance Review;
• Development and marketing of statistically-based business support tools;
• Advertising and consultancy services; and
• Property management and consultancy services.

In 2000, it launched the InsuranceSupermart portal.

Company Website

Share Price:
Range From $0.20 to $0.28 (Since 2001 - July 2005)

	2001	2002	2003	2004	1Q05
Turnover (M$)	73.006	83.525	94.672	103.121	18.448
Margin (%)	13.12	13.00	13.77	16.68	26.04
ROE (%)	5.99	6.30	7.43	10.43
EPS ($)	0.018	0.019	0.021	0.031	0.008
Dividend ($)	0.02	0.02	0.02	0.02

Note : Bonus Issue 1:10 on 21-Apr-03

Comments:

Look like it is a stock to consider if you are looking for high dividend stock. Based on a rough calculation, the yield for the stock is around 7% ~ 10% depend on the price that you purchase. The negative side is that the price movement of the stock is limited. Consider if you invest $1000 dollars and based on 7% yield, you will be getting $70.00 which is enough to cover the charges for purchasing of this stock. Most of it major shareholders are the local banks and local insurance company. It should be a stock worth considering if you are looking for high dividend stock and minimum risk.

Disclaimer: The above comment is my personal view, please use it as your own risk. If you have any view or comment, please do not hesitate to post your comment.