Early this week, an activist fund, Quarz Capital, called on ESR Cayman to merge ESR REIT with Sabana REIT. This news puts a spotlight on a phenomenon I noticed in the Industrial S-REIT space - ESR's ambitions in consolidating Singapore industrial REITs. In today's article, I lay out the various observations I have on this and my own take on this … [Read more...] about ESR’s Growth Ambitions
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Mapletree Annual Lecture 2019 Highlights
Source: Mapletree Investments One of the perks of being in an education institution again is the ability to attend certain talks held on campus. One such talk held last week was the Mapletree Annual Lecture. The lecture held annually by Mapletree Investments is open to the public but with limited slots. Professor Todd Sinai of Wharton Business School conducted this year's … [Read more...] about Mapletree Annual Lecture 2019 Highlights
Portfolio @ October 2019
Performance Indicators / Dividends YTD Time weighted return: 18.57%XIRR since portfolio inception in 2013: 14.55%Dividends collected: SGD 5,707.40Cum-Dividend: Starhill Global REIT: SGD 56.50Yuexiu Transportation Infrastructure: HKD 1,080Visa Inc: USD 8.40 A new high October went by in another blur. This month was signified by restructuring my portfolio and … [Read more...] about Portfolio @ October 2019
RnR Weekly 261019: Eagle Hospitality Trust Selloff, CMT & CRCT Earnings
RnR Weekly is a recurring series where I cover the past week's major news stories and earnings results in the markets from a SIngaporean perspective. In this week's edition, I discuss the Eagle Hospitality Trust selloff and go over Capitaland Mall Trust / Capitaland Retail China Trust earnings. How the Eagle has fallen Eagle Hospitality Trust (EHT) has had a horrible week. … [Read more...] about RnR Weekly 261019: Eagle Hospitality Trust Selloff, CMT & CRCT Earnings
RnR Weekly 201019: Life Updates, KORE Earnings, AA REIT placement and More
RnR Weekly is a recurring series where I cover the past week's major news stories and earnings results in the markets from a Singaporean perspective.In this week's edition, I discuss some life updates, KORE's recent earnings, AA REIT's secondary placement and more. Life Updates Some of you may be wondering where I've been over the past 2 months as I've been rather … [Read more...] about RnR Weekly 201019: Life Updates, KORE Earnings, AA REIT placement and More
Portfolio @ September 2019
Performance Indicators / Dividends YTD Time weighted return: 19.03%XIRR since portfolio inception in 2013: 15.08%Dividends collected: SGD 5,352.11Cum-Dividend: Yuexiu Transportation Infrastructure: HKD 1,080 The month that disappeared September kinda flew by for me. Between work, study and travel, I spent little time observing the markets. Good thing too as my … [Read more...] about Portfolio @ September 2019
RnR Weekly 080919: Identity Crisis at SingTel, Keppel Pacific Oak US REIT and More
RnR Weekly is a recurring series where I cover the past week's major news stories and earnings results in the markets from a SIngaporean perspective. In this week's edition, I discuss a bit about my perceived Identity Crisis at SingTel, some thoughts on Keppel Pacific Oak US REIT's busy week and other interesting news. Opinion - Identity Crisis at SingTel SingTel is the … [Read more...] about RnR Weekly 080919: Identity Crisis at SingTel, Keppel Pacific Oak US REIT and More
Portfolio @ August 2019
Performance Indicators / Dividends YTD Time weighted return: 19.49%XIRR since portfolio inception in 2013: 15.53%Dividends collected: SGD 5,110.92Cum-Dividend: Hang Lung Properties: HKD 340Yuexiu Transportation Infrastructure: HKD 1,080 Currency Cushion August was a bloody month as Trump manipulation trade war escalation reared its ugly head again. Combine that … [Read more...] about Portfolio @ August 2019
RnR Weekly 250819: HK Protests and US S-REIT results
RnR Weekly is a recurring series where I cover the past week's major news stories and earnings results in the markets from a SIngaporean perspective. In this week's edition, I take a belated look at the Hong Kong Protests and review the quarterly results of some US S-REITs. Commentary - Protests and HK's future Unless you have been living under a rock for months, you would … [Read more...] about RnR Weekly 250819: HK Protests and US S-REIT results
My views on REITs (Guest Appearance)
I was recently contacted by Kevin Shee, an entrepreneur and investor from Hong Kong via Facebook. Apparently, he found me through my Prime US REIT article on DrWealth. We chatted a few times about S-REITs and he thought it would be great if I were to share my views on his podcast, the Kevin Shee Show. The Kevin Shee Show is a relatively new podcast about entrepreneurship, … [Read more...] about My views on REITs (Guest Appearance)
Types of AGM Attendees
I attended my first ever SingTel AGM a couple of weeks back and was positively annoyed by the overly long proceedings. All that extra time allowed me to think back to some of the AGMs I've attended over the years and the types of characters you find at these events. Here's a Mr Men and Little Ms-themed list I came up with as part of this pointless mental exercise. Mr … [Read more...] about Types of AGM Attendees
Singapore Savings Bonds (SSBs) – September 2019 Issue
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) – September 2019 Issue
Portfolio @ July 2019
Performance Indicators / Dividends YTD Time weighted return: 20.72%XIRR since portfolio inception in 2013: 16.22%Dividends collected: SGD 4,067.28Cum-Dividend: Capitaland Mall Trust: SGD 110.96Visa Inc: USD 7 Coasting higher July marks the start of earnings season again. Earnings season is always fun as most of my REITs declare distributions while you get to dive … [Read more...] about Portfolio @ July 2019
Valuing Singapore Press Holdings (SPH) Ltd
Singapore Press Holdings (SPH) used to be a dividend investor's dream - a consistent dividend payer in a defensive sector. That all changed with the advent of online advertising. Faced with a competitor that offered advertisers better return on investment, advertising revenues at traditional media formats like SPH's newspapers plummeted. In response to another disappointing … [Read more...] about Valuing Singapore Press Holdings (SPH) Ltd
Prime US REIT IPO Highlights
Prime US REIT is looking to IPO soon, with the application period currently open till next Monday, 15 July 2019. I've actually already written an IPO review for DrWealth which you can check it out through the link provided. As such, for this post, I'll not dive into in-depth specifics but rather delve into something I couldn't do on that post - prepare more … [Read more...] about Prime US REIT IPO Highlights