Performance Indicators / Dividends YTD Time weighted return: 11.05%Dividends collected: SGD 929.91Cum-Dividend: Keppel Corp: SGD 195DBS: SGD 60Hang Lung Properties: HKD 1,160Yuexiu Transport Infrastructure: HKD 1,440 A Strong Quarter My portfolio continued its strong start to the year, setting another record high of $160k in the process. Performance It … [Read more...] about Portfolio @ March 2019
Archives for March 2019
Investors are sometimes like astrologers, they are constantly on the lookout for signs of a coming windfall or disaster. The field of technical analysis (studying charts to determine future price movements) is pretty much the embodiment of that. One indicator that historically signaled a coming recession occurred recently, with the longer term US Treasury bond yields falling … [Read more...] about The dreaded Inverted Yield Curve – What it means to you
The guys at the Fifth Person held their monthly webinar this week. This month's theme was about lessons from Ong Kang Wei's (one of their blog contributors) personal investing journey. Interestingly, he started investing when he was 15 and like me, started in the US market. Listening to him talk about US stocks that he, and coincidentally I, used to own and the mistakes he … [Read more...] about 3 Lessons from my Top Investment Losses
Following Temasek's footsteps, Singapore Airlines (SIA) will issue a tranche of bonds yielding 3.03% targeted at retail investors. This is part of (my guess) the Government's broader push for Singaporeans to invest in other instruments, other than property, something I'm very much supportive of. With that said, I feel Singapore Airlines being the first corporate candidate to … [Read more...] about Why you should treat Singapore Airlines’ 3.03% Retail Bonds with caution
The first of the anticipated master tenancy agreement re-negotiations for Starhill Global REIT (SGR) came to a head yesterday. The REIT shared the details of the new Master Tenancy Agreements for their KL properties (Starhill Gallery and Lot 10 Property) yesterday. As a unitholder, I have a vested interest for diving into the details of the deal. So let's take a … [Read more...] about Flash Note: New Master Tenancy Agreements for Starhill Global REIT’s KL Properties
REIT Unit Buybacks has been a recent topic of debate. In Hong Kong, Link REIT created minor controversy in 2018 by buying back units from the open market to boost DPUs to existing shareholders following the sale of some of its properties. Closer to home, Keppel REIT initiated the first unit buyback programme among all the S-REITs in Singapore. They have also been quite … [Read more...] about REIT Unit Buybacks – Boon or Bane?
Starhub's share price has taken yet another tumble in recent weeks following the announcement of a dividend cut. Management really took a sledgehammer to their dividend, cutting it by 44% from 16 cents to 9 cents per annum. Now that the stock has settled in a rough trading range in the $1.50s, I decided to ask myself if the worst is over. Balance Sheet Review As … [Read more...] about Why I won’t invest in Starhub at the moment
Tax season is upon us again. For the first time since I started working, I was informed by IRAS that I was not eligible for No Filing Service and had to e-File my taxes this year. I blame this on my honesty for declaring my P2P lending interest in my taxes last year ? I've written extensively on tax planning during tax season last year, so I thought I'll give you some … [Read more...] about 4 tax planning tips to consider when filing your taxes
Just some quick updates on my portfolio, blog and other things. Portfolio Updates As mentioned in my recent portfolio update, I'm looking to reduce my property and REIT exposure and up my growth stocks portfolio. I closed my Frasers Property Ltd position and part of my Frasers Logistics and Industrial Trust position this week upon review. I was concerned with … [Read more...] about Portfolio changes and others
As investors, we rely on the professional opinion of various sources to make informed investment decisions. One of these sources, especially as REIT / property investors, are from independent valuation reports completed by professional valuers. These valuation reports have a huge impact on the valuation of REITs and property stocks as it affects a important ratio: the Price to … [Read more...] about Why you can’t totally trust independent valuation reports
In January, I attended Alpha Summit 2019 by The Fifth Person. During the summit, I was introduced to some ratios and criteria to identify potential multi-baggers. One of them was to have a asset light business model. This reminded me of my company's business model, which is touted to be asset light by management. Inspired by this, I decided to put the largest listed … [Read more...] about Are hotel management companies potential multi-baggers?
At Risk N Returns, I'm passionate about promoting sensible DIY investing through sharing my thoughts or documenting my investing journey. While I love to take calculated risks, I recognise that most Singaporeans don't. So here's a relatively risk free way to invest your warchest or emergency funds with almost no lock-up period and generally higher yields than fixed deposits … [Read more...] about Singapore Savings Bonds (SSBs) Guide – April 2019 Issue