10 May 2022

SG Market & Pre-IPO Telegram

The current market has been falling and is all in red. In the backdrop of higher interest rates, what should you buy and invest into? 

We have moved to Telegram for active discussions on markets, stocks, and everything else.

Once you have joined the group, be sure to answer the simple maths question. This proves to the AI that you are human. Without the answer, the AI will remove your subscription.

See you on the other side!



Market discussions and everything else. 

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28 December 2021

Why do we need to diversify our portfolios? Does diversification work?

Risk and return come hand in hand. One cannot have one without another. This is the rudimentary law of investing, with aim to maximise returns while managing all the risks involved. As such, an investment's potential return is proportionate to its potential loss. How much stock can appreciate would also mean that on the flip side, there is also a chance it could become worthless as well. 

With that basic understanding of risk, it can be further classified as 2 groups of risk namely: Diversifiable and non-diversifiable.

As literal as it is, these 2 kinds of risk are being managed differently. One is able to be diversified and minimised, while the other is not. Diversified risks refer to anything specific to a company, industry, market, economy or country; it can be reduced through diversification. On the other hand, non-diversifiable risks like inflation rates, exchange rates, interest rates, political instability cannot be avoided by mere diversification. 

That brings us to the question: Why do we need to diversify our portfolio? Does it work?

Diversifiable risk can be diversified away by constructing portfolios of unrelated assets. It will be the most effective when the returns of the individual securities are inversely correlated. Lower the covariances, the lower the portfolio risk it becomes. With that, the expected outcome becomes manageable within a specific risk appetite, along with a certain degree of reasonable returns as well.

Unfortunately, there are no ways to avoid non-diversifiable risks. Given the overall environment, uncertainties as well as instabilities, such risks may strike unexpectedly. Regardless of how well a certain portfolio is diversified when a certain global event strikes, it will affect all asset classes of different spectrums. Likewise, diversification does not remove or reduce such risk. Thus rendering diversification ineffective in such a context. 

Still, even with the existence of non-diversifiable risks, investors should still opt for diversification. To illustrate this; the total risk is the summation of diversifiable and non-diversifiable risks. By opting for diversification, it reduces the total risk by lowering and minimising the diversifiable risk portion. As a result, the overall risk is reduced.

From another perspective, in some contexts diversification may not work effectively at all. It does remove risks involved, yet that will also mean that the potential returns will be reduced as well. Should the investor or fund manager have certain insights in a listed company or an industry, and he or she is extremely confident in it, he should act on it to capitalise on it to maximise the opportunity fully. 

To further elaborate the above, diversification may and may not help in the above case as there are 3 possible outcomes: 

  1. If the insight is true, diversification failed to achieve the aim to maximise returns. 

  2. If the insight is false, then diversification helps to soften the losses by reducing the exposure from the start.

  3. If the insight is true, but some unexpected events happened to result in an overall negative outcome, then diversification helps to mitigate the uncertainties involved.


Depending on the type of risks involved, diversification works to a certain extent. It should be combined with fund management’s foresight, judgment and related experience to navigate better through the intricacies of risk and chance. 

On an ending note, diversification helps to minimise the expected risk to a certain extent only. It works to ensure portfolio aims are met with manageable risks. Therefore only by combining with other means, it helps to ensure better execution of investing to manage risks in hopes of maximising the returns.

As this is the last post of the year 2021, SGSAS would like to wish all readers and followers a happy and safe 2022!

31 December 2020

Happy 2021!

Time files and here we are at the end of 2020.

What a year!

May 2021 brings positivity and happiness to you and me. Thank you for following my blog after all these while. 

We have moved most of our communications to telegram group. The link is in other post, and on facebook too.

See you on the other side!


22 September 2020

SG Market & Pre-IPO is on Telegram!

 The world is changing and so are the needs of my followers and friends. We have moved to Telegram for active discussions on markets, stocks and everything else.

Once you have joined the group, be sure to answer the simple maths question. This proves to the AI that you are human. Without the answer, the AI will remove your subscription.

See you on the other side!



Market discussions and everything else. 

Share with your friends:


30 July 2020

30 June 2020

We Have Moved to Telegram!

In the age of mobile and convenience, SGSAS has moved to telegram. This allows a rapid share of information in real time.

Some of the expected updates are as follow:

• Singapore Elections Kick Off With All Eyes On Lee Family Feud
• Singapore’s Chan Defends Government’s Handling of Virus Outbreak
• Singapore Faces Defense Budget Cutbacks Amid Virus Impact
• Singapore Probing If Financial System Misused in Wirecard Case
• Aspial (ASP SP): Rakuten Medical Says Japan Ministry To Review Asp-1929 For Ceas
• HRnetgroup (HRNET SP): Fidelity Intl Small Cap Adds B&M European, Cuts Wood
• Keppel Corp (KEP SP): Temasek Eyes Keppel Results As $3 Billion Bid Hangs In Balance
• SGX (SGX SP): Raised To Hold At Cimb; Pt S$8
• Singapore Air (SIA SP): Asia Regulators Likely To Accept FAA Findings On Boeing 737 Max

For friends who are tracking institution buy and sellings.

Get updates on SGX institutional and retail data reports weekly tracker, market updates, and market commentary of Singapore equities.

SGX To Fully Acquire BidFX, Advancing Its Global Ambitions To Offer End-To-End FX Platform And Solutions

… onboarding of new clients
Singapore Exchange (SGX), Asia’s most international … -trade clearing, propelled SGX to purchase the remaining …

See u on the other side!

05 May 2020

How To Short SIA By Exercising Its Rights? (In theory)

How To Short SIA By Exercising Its Rights? (in theory)

1.  Have SIA shares and hold it till last day of CR.

2. On the first day of XR, SELL SIA shares at opening. Sell any price above the exercise price ecause it should drop to near the rights exercise price.

3. With the funds received, use it to exercise the rights and subscribe for the shares. If looking to buy more shares, buy from the market directly (at a favourable price of course).

With the above mentioned 3 steps and if the market is in favour, shareholder would have profited from a sell high buy low action.

Watch the price tomorrow when SIA XR.

For more discussion, or questions, join us at: 


24 April 2020

Claim your FREE Investing book from Spiking!

Claim your free book Spiking To The Moon with the referred link! 

This is a beginner's guide to understanding whales in the cryptocurrency market. This book will prepare you for riding the wave on China's digital yuan currency which will be launched very soon. Starbucks and McDonald's are rumored to be testing the digital yuan.

If you want to get more free books, other than Spiking to the Moon, do the following steps:

STEP 1: Get this FREE VPN here

STEP 2: Sign up Amazon Kindle Unlimited here

OptionalSign up Amazon Audible. (There are more free audiobooks than ebooks.)

Summary of Spiking To The Moon:
Spiking To The Moon is designed to be your roadmap through the past, present, and future of cryptocurrency around the world. Inside Spiking To The Moon, you’ll discover:
  • The 3 Best Written White Papers for ICO
  • The Best Bitcoin Exchanges Located within the U.S.
  • Bitcoin, Will it Spike? Or Will It Moon?
  • Why Crypto Banks Are Vital for the Future of Cryptocurrency
  • STO Tokenization Could Shape The Evolution Of Crypto-Banking
  • Is Ethereum’s Place In the Cryptocurrency Ecosystem Secure?
  • China’s Growing Role In The Cryptocurrency Market
  • The Potential Significance Of Binance Singapore
  • The Growing Threat Of Un-authorized Crypto-Mining In Crypto-Exchanges
  • How To Participate In An ICO Public Sale?
  • The Growing Popularity And Worth Of The Initial Exchange Offering
  • Using Spiking To Understand Those Whales
  • The Future of Cryptocurrency Isn’t As Dark As It May Seem & So Much More!
By the end of Spiking To The Moon, you’ll have a better understanding of the crypto industry and how you can take advantage of its growth. Don’t ever think that it’s too late to get involved with cryptocurrency, it’s never too late to get on board!
Get a free copy of Spiking To The Moon — A Beginner’s Guide To Understanding Whales In The Cryptocurrency Market now! It could be the beginning of an entirely new life for you and your family! Spiking To The Moon is the ultimate explanation of cryptocurrency and will answer every crypto question you have!

15 April 2020

Investment Invitation into Tokenize.Exchange

Tokenize (TKX) is a team that aspires to build the next generation digital currency exchange that supports established and emerging digital currencies. Also, TKX is the top 10 financial exchange in the world.

In addition, they have received their financial license from Securities Commission (Malaysia)  recently in April 2020. This information is verified and it is in the national newspaper, and the link is: https://www.nst.com.my/business/2019/06/493892/sc-conditionally-approves-3-crypto-currency-exchanges

KUALA LUMPUR: Securities Commission today announced it has conditionally aprroved three companies to operate digital asset exchanges or crypto currency exchanges in Malaysia.
The three companies are Luno Malaysia Sdn Bhd, SINEGY Technologies (M) Sdn Bhd and Tokenize Technology (M) Sdn Bhd.
All three companies are given up to nine months to fully comply with all regulatory requirements prior to receiving a full licence.
SC’s proactive regulation of cryptocurrencies and their underlying blockchain technologies will bring innovation in both old and new industries. 

The current market capital for Tokenize is about US$50m with active users of about 300 thousand users who are trading crypto currencies via the Tokenize online platform. These users are from ASEAN and it is expected that the user base will continue to grow. 

To enhance Tokenize’s expansion and growth, investors are invited to work together to help push boundaries and break into new markets. Hence the purpose of the invested funds is to hire and expand new team from new market to start up new offices and acquire more trading users. The increment of trading users will also translate to more trading revenue and brokerage fee for Tokenize. At the same time, this will guarantee the returns of the investors’ as well.  

Please understand this is only for private investors who are keen in investing an exchange which does crypto trading. It is almost like buying SGX shares, the equities of an exchange company except the fact that Tokenize is currently trading crypto currencies only. It will be an overall win win for both the investor and Tokenize.

For myself, I happen to be a friend of the CEO of Tokenize and as well as a seed investor during the very early stages of Tokenize. With that seed fund, Tokenize hired the very first team of IT developer, Marketing and sales team. As the team continue to grow, Tokenize continue to capture more market share. I am very excited to be part of their success story.

If you would like to be part of Tokenize growth and success story, please write to me for more details. 

It is a personal post which I want to share to all my readers and invite them to be part of Tokenize story. I am writing this out of passion and ambition for Tokenize. I am vested and I am eager to watch Tokenize to grow. 

So join me if you are keen to be a private investor too. Be part of a success story and contribute together! 

Tokenize website is at: https://Tokenize.exchange

Sign up via SGSAS link for your first 50 TKX coins: https://tokenize.exchange/topic/invited/?invite_code=C2UK4

How To Claim FREE Market Depth?

SGX Market Depth, also known as Level 2 Market Data displays the number of Buy orders and Sell orders of each price level of a particular listed security (e.g. stocks or ETFs), up to 20 levels of pending orders on both Buy and Sell side. In simple terms, it shows the different price levels which buyers are willing to buy and sellers willing to sell at any given time.
SGX Market Depth is in real time and the orders shown changes constantly from pre-open session to market close. SGX Market Depth information allows you to enhance trading decisions by checking stock liquidity, optimising buy / sell orders, and establishing price support / resistance.
So how do you claim your free market depth?

Using UOB Kay Hian platform as an example, please follow the green circles below:

15 March 2020

Market Crashed, Is It The Right TIme To Buy?

Hi all,

Hope everyone has rested well today. Tomorrow will be Monday and the market opens again. The market is very hot, my phone is buzzing with messages and calls every 5 minutes. I thank you for your kind patience while I try to help everyone.

On a quick note, it is not wrong to ask either over the phone or a text, is it the right time to buy now? Alas please don’t expect a clear yes or no. It is not treating the question with equal importance. Surely a detailed analysis is preferred. To have a detailed discussion, it takes at least 10 mins to share and cover both angles. At the same time, this is not fair to others who are anxiously calling their brokers to snag prices which are swinging. Not to mention the fear and horror they are facing and wanting to talk to their broker (me). Thus I wanted to write a short note to reach out to everyone.

Another point I would like to make is that it is absolutely wrong to take someone's view as an absolute reference. The analysis shared should be combined with your own personal financial conditions and your own views too. In this way, it is easier and better to appreciate someone's view or suggestions with that question, is it the right time to buy now?

So is it the right time to buy now? Is this the bottom? Is this the best price or will it go lower?

To start this question, everyone agrees that this is not a 2008 Great Financial Crisis. This is a health crisis which will bring about a financial crisis. So the next few days market will not react the same way as 2008. In my view, using the 2008 chart as a reference might result in incorrect expectations.

In fact, in the past few days, the market was declining much faster than in 2008. It's just down and down and then gapping down to continue dropping down. None of such has happened before in 2008!

To simplify the point above, in 2008 it was: down, down, up, down, up, up, down, up, down, up. This happened while the entire trend is moving down. Yet what was experiencing in the last few days was simply: down, down, gapped down, down, up, gapped down, up. And it is still unknown and unfolding.

Overview, central banks have stepped in to do rate cuts, quantitative easing while at the same time strengthening health measure controls. This is the first step to be done, which has happened. Whether if it is effective, that is another question too.

The market is always forward-looking. That means the market tends to factor in future information. From technical chart consideration, it is likely Straits Times Index may fall past 2500 and to 2200 support level. This is because of the past few days of market decline and the momentum of the decline.

Likewise from the fundamental view, businesses are affected, cash flow issues which results in more bad debts for the banks. This may spiral further and that means the market will go lower. It is overall a vicious cycle.

However, there has always been a technology revolution ongoing though not widely accepted. This is because of the different age generations of people who cannot accept the industrial disruptions.

The global economy has matured, thus the growth has slowed over the past few years. There is no fantastic growth because it's the same industrial age after a prolonged period of time. Covid19 may be a great reason to further push for the Digital Revolution. With health measures in place such as social distancing, lesser travelling and stay home quarantine, it fits the criteria for an increment of online usage, thus forth a boost to e-commerce and other related sectors.

After covering general technical and fundamental aspects, to decide to enter the market also depends on the individual risk profile, tenure, capital size and investing reasons. All these cannot be a simple buy or not.

The volatility in the market now favours both investors and traders. Investors can pick prices based on different accounting ratios. Traders can capitalise on market swings to churn for profits (or losses if the market turns).

If buying and holding is your preferred way, then watch for prices for entries or exits. No one knows when is the lowest or highest. In short, investors can buy now, regardless of big or small amounts, please spread the trade purchases so as to average the purchases again if necessary.

Traders can try for the currently oversold situation and catch the rebounds. All the technical indications are haywire. This also means it might be a strong rebound for every plunge. Humans traders and algorithm trading programs will be very very active in times as such. Opportunities abound!

Too many reports are addressing the doom and gloom. Not many views are positive and many did not mention of the digital revolution that is ongoing. Since the market is forward-looking, my view is that it is factoring in over the next few weeks. At the same time, there will be new economic solutions to be discovered so not all is lost. These are some very general positive viewpoints of my 2 cents. Bluechips that worth looking at for investing includes: SGX, Singtel, Banks.

So is the right time to buy now? Hope this email helps to give some positive perspectives.

04 March 2020

COVID-19 And The Markets

With COVID-19 spreading at a quick rate globally, global indices have seen a rout reflecting the gloom and fear of the impact of COVID-19 on economies. The S&P500 last week saw its fastest 10% correction from a record high as the OECD warns about growth sinking to levels not seen in more than a decade, while global manufacturing contracted in February by the most since 2009.

All these have led to global Central Banks making a swift change to their rate and stimulus policies.

With the news from the Fed to cut interest rates by 0.5%, the market took it positively. However, the euphoria did not last and the gains were short-termed. My personal take is that the market will be swinging quite a far bit. Investing or trading we should respond to prices accordingly.

From a trader's perspective, it is a good market to trade. I have been trading HangSeng and Dow Jones over these few weeks. My results are posted on the top right-hand corner for your perusal. I shall do up a quarterly review soon after March ends.

Meanwhile, be it outside in the public or in the markets, stay safe.

11 February 2020

Trading Idea: Long SGD/TKX

Congrats to my friends who followed me on the previous trading call. Highest at 0.610

  1. TKX has broken the 0.500 mark. The entry point has shifted upwards; from 0.300 to 0.450
  2. With a strong trading momentum with increased trading volume, it may be possible to hit the next resistance level: 0.700 
  3. Not advised to short as SGD may continue to weaken too, as such, it contributes to bull strength in this context.

Also received many emails/sms asking what is TKX. 
Tokenize Exchange is a Singaporean company that allows buying and selling of actual Bitcoins, as well as other crypto-currencies. More details are documented here https://sgstocksandshares.blogspot.com/2019/04/tokenize-exchange.html

If you do not have a Tokenize account, use this referral link below to open your account. It gives you and me 100 TKX coins which you can exchange it for cash.

Click here to open account and claim 100 TKX coins

07 February 2020

Trading Idea: Long SGD/TKX

  1. TKX has broken 100-day mark and it is gaining momentum.
  2. With the rising momentum and diminishing supply, it is expected to test the 0.500 mark.
  3. Also there are 2 higher bottoms formed over a period of 1 year from 10/02/19 till today.
  4. Looking at the market depth, there is also diminished sellers in the market on queue to sell.
  5. On a larger scale, Bitcoin is also rising testing US$10k mark.

Trading idea

  • Enter at 0.35 or lower, and take profit at 0.500
  • Stop loss if it breaks below 0.250

If you do not have a crypto broker, you may use the referral link below to receive 100 TKX coins for you and me.

30 January 2020

Trading Idea: Short Medtecs (546.SG)

1. diminishing volume and lower trading price.
2. WHO did not declare an emergency indicates that it has not reached a critical point.
3. China is in full force and effort to curb the Wuhan virus

Short term traders may look to short and buy back within the same trading day. My personal view is that it may pullback to 170. Short positions have to be closed within the same trading day. As such, please remember to lock in profits when possible. Example, short 195 and buy back 190.

Every action should yield profits. That is what trading should be. 

28 January 2020

Receive a $20 credit with CardUP

CardUP is my goto platform to charge my credit cards for insurance payments, IRAS payments for income and property tax and season parking. They charge a 2.6% fee for your transactions and you get credit card points/miles or rebates in return.

In this way, GrabCard can be used to pay to merchants who do not accept Grab transactions. In exchange, you can earn points and rebates.

If you are new to Cardup, hold on first! Use the promo link here to sign up.

When you schedule a payment, you will receive a $20 discount off the Cardup fee when you make your first transaction!

Sign up today to earn more points and rebates! 

Currently, CardUp's platform supports:
  1. Rental payments (to a landlord)
  2. Rental deposits (to a landlord)
  3. Condominium Maintenance Fees (to a MCST or property developer)
  4. Tuition/School fees (to Singapore based schools or education centres)
  5. Insurance Premiums
  6. Income/Property/Corporate/GST tax/Stamp Duty
  7. Season Parking
  8. Car Loans
  9. Electricity
  10. Helper Salary
  11. Miscellaneous Payments
  12. Payroll
  13. Supplier
& many more to come in the future! 
Please refer to this page on what kind of supporting document you would need to upload when scheduling your payment. 

Investing Idea: Buy DBS (D05)

1. The Wuhan virus has caused a correction in the markets.
2. DBS is currently at the price near 100 Day Moving Average.
3. Assuming a total of S$1 dividend for this year, at this price it is about approximately 4% dividend yield.

Good entry for short term plays or for investing. 

17 January 2020

Receive up to S$128 cashback with PROMO Link

Click here to receive S$128 for your festive spendings. 

Available from 1 January 2020 to 31 March 2020, by clicking the promo link, you and I will receive $128 each.

This is sponsored by Standard Chartered Bank.

Thank you all for your support!

For your convenience,

Terms and Conditions
  1. This Credit Cards Sign-Up Promotion (the “Promotion”) is available from 1 January 2020 to 31 March 2020 (both dates inclusive) (the “Promotion Period“), unless otherwise extended or otherwise terminated in accordance with these terms and conditions. By participating in this Promotion, you agree to be bound by these terms and conditions.
Eligibility – New credit cardholders
  1. To qualify for this Promotion and receive the cashback available as set out in Clause 3 below:
    1. you must apply for one (1) of the following eligible cards (each an “Eligible Card”) issued by Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank”) as a principal cardholder (“Cardholder”):
      1. Unlimited Cashback Credit Card;
      2. Rewards+ Credit Card;
      3. Platinum Visa/Mastercard® Credit Card;
      4. Spree Credit Card;
      5. NUS Alumni Platinum Credit Card;
      6. Prudential Platinum Credit Card;
      7. Prudential Visa Signature Credit Card; or
      8. Priority Banking Visa Infinite Credit Card
    2. you must be a new Standard Chartered principal cardholder. In other words, you must not have any existing or previously cancelled credit cards in the last 12 months;
    3. Standard Chartered must receive your application for the Eligible Card within the Promotion Period. Notwithstanding the foregoing, Standard Chartered may continue to process any application received by Standard Chartered up to 14 calendar days after the end of the Promotion Period, and Standard Chartered shall retain the sole and absolute discretion to determine the eligibility of these applications and/or allow the said applications for the purposes of this Promotion on a case-to-case basis, subject to these terms and conditions;
    4. your Eligible Card application must be approved by Standard Chartered, where such approval is final and unconditional;
    5. you must activate the physical version of the Eligible Card within 30 days from the card approval date. For the avoidance of doubt, a digital version of the Eligible Card is not eligible for this Promotion; and
    6. the Eligible Card account must, within six (6) months of the Eligible Card account opening date, be valid (i.e. the Eligible Card account must not be suspended, cancelled and/or terminated), in good standing, and conducted in a proper and satisfactory manner as determined by Standard Chartered in its sole and absolute discretion.
  2. Subject to these terms, if you satisfy all the eligibility criteria set out in Clause 2 above, you will be eligible to receive S$80 cashback (“New CC Cashback”), subject to the Previous Cashback Cap (as defined below in Clauses 5(b) and (c) below) if you have previously cancelled credit cards more than 12 months ago.
Eligibility – Existing credit cardholders
  1. If you:
    1. have at least one (1) existing principal credit card with the Bank at the point approval of your Eligible Card application or previously cancelled credit card(s) with the Bank in the last 12 months from the date the Eligible Card is approved; and
    2. satisfy all the eligibility criteria set out in Clauses 2(a), (c), (d), (e) and (f) above, you will be eligible to receive S$20 cashback (“Existing CC Cashback”) for the Eligible Card approved under the Promotion, subject to the Current Cashback Cap and Previous Cashback Cap (each as defined below in Clauses 5(b) and (c) below).
Cashback Cap
      1. The Current Cashback Cap and Previous Cashback Cap (each as defined in Clauses 5(b) and (c) below):
        1. includes any cashback; but
        2. does not include any vouchers / stored value cards / credits / any other sign-up gifts which are not in the form of cashback.
        received under any and all other credit card sign-up promotions with the Bank that you qualify for, whether prior or subsequent to your application pursuant to this Promotion
      2. The maximum aggregated amount of cashback that you may receive for this Promotion and all your subsequent credit card application(s) (where relevant) combined is capped at S$100 (“Current Cashback Cap”).
      3. If you have previously applied for credit card(s) with the Bank, the relevant cashback cap applicable for purposes of determining the cashback you will get under this Promotion is the cashback cap in place when your very first application for credit card(s) with the Bank was approved (“Previous Cashback Cap”). For the avoidance of doubt, this Previous Cashback Cap may be lesser or greater than the Current Cashback Cap.
        1. If you have not reached the Previous Cashback Cap as determined by the Bank in its sole discretion, the cashback you will receive pursuant to this Promotion is the lower of:
          1. the cashback you are eligible to receive under Clause 4 above; and
          2. the Previous Cashback Cap less the aggregated amount of cashback you had earlier received under any and all other credit card sign-up promotions with the Bank.
            For the avoidance of doubt, if you have not reached the Previous Cashback Cap, the Current Cashback Cap has no bearing on whether you receive cashback under this Promotion.
        2. If you have reached the Previous Cashback Cap as determined by the Bank in its sole discretion, you will not be entitled to any further cashback under this Promotion. For the avoidance of doubt, this is the position regardless of whether the Previous Cashback Cap is greater or less than the Current Cashback Cap.
New CC Cashback and Existing CC Cashback Fulfilment mechanics
  1. The New CC Cashback and Existing CC Cashback you are entitled to receive under this Promotion pursuant to Clauses 3 and 4 above will be credited to your principal Eligible Card account within 30 working days of the date of activation of your Eligible Card, subject to the Eligible Card being valid and in good standing. The cashback awarded under this Promotion must be utilised within six (6) months from the date the cashback is credited to your Eligible Card, failing which, any unused portion of the cashback may be forfeited.
  1. Subject to these terms, if you satisfy all the eligibility criteria set out in the above, you will be eligible to receive up to $100 cashback:
First Credit CardS$80 cashback (New CC Cashback)
Second Credit CardS$20 cashback (Existing CC Cashback)
  1. If you have received the Eligible Card in conjunction with your application for a CashOne / Credit Card Instalment Loan or a Mortgage Loan under the Home Suite Bundle or any other credit card sign-up promotions, you will not be eligible for the cashback under this Promotion.
  1. Unless otherwise stated, this Promotion is not valid with other offers, discounts, rebates, vouchers, privileges or promotions. The Promotion is valid in conjunction with the Standard Chartered Caltex 2019 Promotion (the terms and conditions of which can be found here) and The Good Life Privileges (which can be found here).
  1. The cashback referred to in Clauses 3 and 4 are not exchangeable for cash or any other items, and are non-transferable and non-assignable.
  1. If the Bank at any time determines (at its sole and absolute discretion) that any of the eligibility requirements set out in Clauses 2 or 4 above was not or has not been complied with but any cashback has been redeemed by you, the Bank reserves the right to recover any / all cashback or the value of any / all cashback from you.
  1. Standard Chartered reserves the right to do any of the following without prior notice:
    1. terminate, withdraw, shorten or extend this Promotion at the Bank’s sole and absolute discretion, with or without prior notice or reason; and/or
    2. vary, modify, add or delete any of the terms of the Promotion.
      You agree and consent to be bound by any such variation.
  1. These Credit Cards Sign-Up Promotion Terms and Conditions are to be read in conjunction with our Customer Terms, Credit Card Terms and any other specific Product Terms that may be relevant in connection with this Promotion (“Other Terms”). In the event of any inconsistency between these terms and the Other Terms, these terms prevail only to the extent of such inconsistency.
  1. Standard Chartered is not responsible for any failure or delay in the transmission of any transaction by any party, including acquiring merchants, merchant establishments or any telecommunication provider.
  1. Standard Chartered makes no warranty or representation as to the quality, merchantability or fitness for purpose of the goods and services bought and accepts no liability for the services provided by any merchant or service provider. Any dispute about the same must be resolved directly with the merchant or service provider.
  1. Standard Chartered reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with this Promotion, including:
    1. your eligibility to participate in this Promotion;
    2. determining if an Eligible Card is an Enrolled Card;
    3. your eligibility to receive any cashback under this Promotion; and/or
    4. calculation of the cashback you receive under this Promotion.
Standard Chartered’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.
  1. By applying for an Eligible Card pursuant to this Promotion, you consent to the use of your personal data for marketing purposes, including but not limited to the use of your telephone number to contact you about products and promotions offered by the Bank from time to time via telephone, SMS or multimedia messaging. Such consent will supersede any prior choices made by you. Such consent will also prevail even if you are registered or subsequently register your contact information with the national Do Not Call Registry
  1. In the event of any inconsistency between these terms and conditions and any brochures, marketing or promotional materials relating to the Promotion, these terms and conditions shall, to the extent of such inconsistency, prevail.
  1. A person who is not a party to the Credit Cards Sign-Up Promotion Terms and Conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the Promotion Terms and Conditions.
  1. Credit Cards Sign-Up Promotion Terms and Conditions are governed by and shall be construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.

  1. All information is accurate at time of publication.