Author: A Singaporean Stockmarket Investor (ASSI)

Quek Leng Chan ups stake in Guocoland. Is AK buying? (How much exposure to property developers does AK have?)

Someone asked me if I would be increasing my investment in Guocoland recently as it is still trading at a big discount to NAV. In fact, he also asked if I would be increasing my exposure to the property sector since interest rates look like they will stay low for some years to come. Although I like undervalued investments, there is always the possibility of such investments staying undervalued for an extended period of time. Some readers might have noticed that this is usually the case with property developers. My preference is, therefore, to invest in property developers that are able...

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Voluntary contribution to CPF MA in 2020.

This blog is more of a personal reminder to do a voluntary contribution to my CPF MA in early January 2020. Remember that interest earned this year in our MA will go to our SA if our MA is at maximum (i.e. 2019’s Basic Healthcare Sum or BHS which is $57,200). If our SA is at maximum or is in excess of the FRS, the interest earned this year in our MA will go to our OA. So, at the start of 2020, we can do a voluntary contribution to our MA to hit 2020’s BHS which is $60,000....

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Centurion Corporation is still cheap and a strong BUY.

Regular readers know that a business which I like very much as an investment for income is Centurion Corporation. I like accumulating stocks of businesses which have a proven track record as reliable income generators. I especially like accumulating them when they are trading at a big discount to NAV. If they offer an attractive dividend yield with a relatively conservative payout ratio, even better. To understand why I invested in Centurion Corporation back in early 2017, See: Added Centurion Corporation to my portfolio. In fact, I like Centurion Corporation so much that I increased my investment in the...

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Wilmar: “Target reacquired” and target prices.

Regular readers know that I have been a Wilmar shareholder for many years. It is difficult not to find Wilmar impressive as a business entity with its breadth and depth of activities. Many years of Mr. Market’s pessimism towards Wilmar gave believers a big window of opportunity to build their exposure. In the last two years or more, I have been accumulating shares of Wilmar until 3Q 2018 when I decided to sell into the rally, reducing my investment significantly while keeping a core position. See: Largest investments (3Q 2019). It is a strategy that regular readers should be...

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Eagle Hospitality Trust: Financial engineering and selling at 44.5 cents a unit.

When I analyse stocks, I am aware that I do not have the resources to do complete analyses. Most if not all of my analyses are incomplete and I make decisions based on such incomplete analyses. What? Really? Yes, really. An example: ComfortDelgro: An incomplete analysis. I just have to decide on which bits of information are more crucial to my decision making process. If I have access to those bits of more crucial information, I will be able to make a decision. If I don’t have access to what I think are more crucial, I should stay away...

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Is Eagle Hospitality Trust worth it?

On 24 October, a reader left a comment here in my blog: “https://www.businesstimes.com.sg/companies-markets/eagle-hospitality-trust-calls-for-trading-halt-after-reports-on-possible-lease “The yield is almost 10% now. “When trading halt is lifted, price is likely to crash and yield will shoot up above 10%. “Do you think the risk is worth taking ? Thanks.” In reply, I said that the risk looked pretty significant. I felt that I shouldn’t take on too much risk in my retirement. Basically, that meant I wasn’t going to invest in Eagle Hospitality Trust. The following day, on 25 October, Eagle Hospitality Trust’s unit price crashed from 64.5 cents to 54.5 cents....

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A river called CPF and the stubborn horses.

In my last blog, I said that as long as personal financial conditions permit, I would like to continue making voluntary contributions to my CPF account at least till I am 55 years of age. See: How much passive income is enough for you? I believe that it should not come as a surprise to anyone that this plan is ridiculed by people unhappy with the CPF. Some people unhappy with the CPF even got angry at me for sharing my thoughts on how to make the CPF work as a cornerstone in our retirement funding strategy. See: Unhappy...

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How much passive income is enough for you now? (AK tells you how much he needs now.)

I have always been a worrier. Some tell me that I think too much. I cannot help it. For some reason, I always ended up in schools that required long bus rides from home and I would spend the time on the bus thinking. It is probably because I am a worrier that I have sleep disorders. Has achieving financial freedom freed me from this mental illness? Not at all. I just worry about different things. Told you AK is mental. Anyway, I read somewhere that penning down my thoughts helps to deal with the problem and this is...

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3Q 2019 passive income: IREIT Global.

I shared my passive income numbers in my last blog and also revealed that I significantly increased my investment in IREIT Global. Now, I will explain why I chose to increase my investment in IREIT Global in 3Q 2019: 1. It seems to me that the negative interest rate will persist for some time to come as ECB just made it even more negative recently which means that IREIT Global’s low cost of debt will remain low and, if we recall, the REIT actually refinanced at a lower interest rate of 1.5%, down from 2% not too long ago. See:...

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3Q 2019 passive income: Numbers.

It has been a while since my last blog and I hope everyone is doing well. So, now that 3Q 2019 has ended, an update on what I did in the quarter is due. Well, in terms of my investments, apart from collecting dividends, regular readers know that I sold quite a big chunk of my portfolio earlier in July. See: Sell into the rally… And for what it was worth, I also provided an update on the largest investments in my portfolio. See: Largest investments… Then, after that, I was mostly just adventuring in Neverwinter and taking it...

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Insider buying in APTT and Lu Fang Ming.

This blog is in reply to a comment from a reader regarding insider buying in APTT: HERE. There is usually only one reason why insiders would increase their stakes especially if they should do so in a big way. After all, no matter how rich we become, rationally, we don’t want to lose money. Personally, I believe that APTT is undervalued. Otherwise, I would not have bought more as Mr. Market went into a depression. See: Gobbling APTT. and 4Q 2018 and APTT. It is good that insiders of APTT seem to think the same way. [embedded content] This...

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In conversation with AK 2019 (Part 2).

Reader #1 says… Do you feel that there’s a REIT in Singapore which we could buy and hold forever? AK says… I thought I could hold First REIT forever. I changed my mind. ? Now, I wonder if I could hold AA REIT forever? I think we have to be prepared for changes because they do happen. Related post: Largest investments updated (3Q 2019).   Reader #2 says… I noticed that you hardly talked about Forex Trading. May I know if you could share your thoughts on it? Actually I’m asking this because one of my friends is doing...

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Largest investments updated (3Q 2019).

It has been almost a year since my last blog on the largest investments in my portfolio. Since then, in the following months, I added to some of my investments such as 1. OCBC at under $11.00 a share, 2. ComfortDelgro at under $2.20 a share and 3. SingTel at under $3.00 a share. Not much activity on my part, really. Most of the time, I was just collecting dividends while waiting for Mr. Market to recover from his depression. When Mr. Market did recover, I waited to see how euphoric he could get. (To be totally honest, mostly,...

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Sell into the rally and stay invested.

A reader left me a comment recently: “Many AK shares like CDG and APTT have gone up. I hope AK didn’t dispose them.” Why would I sell them before? I like being paid while I wait. This is something I have said many times before. Therefore, regular readers would find this quite familiar. We buy undervalued income producing assets, receive dividends while waiting for Mr. Market to turn realistic. We could even buy good income producing assets at fairer values, receive dividends while waiting for Mr. Market to turn optimistic. When Mr. Market is greedy, the wait is over....

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Ascendas Hospitality Trust’s investors getting a bad deal?

As a backgrounder, if you have not done so, you might want to read this blog: Ascott Residence Trust and Ascendas Hospitality Trust to become one. It was published on Wednesday, July 3rd, 2019. The blog here is in reply to a reader’s comment that it is a bad deal for AHT investors. AK says… While not fantastic, really, it isn’t that bad a deal for AHT investors. For every AHT unit, we will get almost 0.8 unit in the combined entity. Priced at $1.30 per unit, the deal values AHT at almost $1.04 a unit. AHT was trading...

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