My investment portfolio, market value and position sizing.

I feel that I have been blogging a bit too much recently and it is probably a good idea for me to go offline for a few days. So, it won't just be blogging that I am avoiding but everything else that requires me to go online to do as well. Hence, I won't be replying to comments and emails either. Before I go offline in another few hours for the next few days, I should respond to a request … [Read more...]

Win and win again with SRS.

I blog about the SRS pretty often and how my SRS account is a war chest. I also said before that I don't mind having quite a bit of money idling and waiting for opportunities. When opportunities come knocking, I pounce! I get to save on income tax and invest for higher returns. It is a win win situation with both winners being me! Greedy AK! Bad AK! SRS money cannot be withdrawn until … [Read more...]

Increased investment in Religare Health Trust (RHT) by more than 150%.

Religare Health Trust's (RHT) latest results missed expectations but yesterday's massive decline in its unit price was surprising and, I thought, excessive. The sale of a 51% stake in FHTL impacted RHT's income. Distributing the proceeds as a special dividend also meant that its NAV per unit declined to 83.8c. DPU for the quarter ended 31 Dec 16 was 1.25c, a big year on year decline of … [Read more...]

Hock Lian Seng returns 100% and more!

One of the things that I like to do is to buy into what looks like a fundamentally sound business when insiders are accumulating. One such stock which has amply rewarded me over the years is Hock Lian Seng. I already had a small position in Hock Lian Seng but decided to buy more in 2011 when I observed insiders buying. Back then, I paid 24c a share. Fully confident that the company would be … [Read more...]

An incomplete analysis of SingPost.

SingPost was a company I was looking at just a few months before Alibaba came into the picture. Thinking of adding it as an investment for income, I was waiting for the share price to go a bit lower before buying. However, Alibaba came in and bought a 10% stake at $1.42 a share and the share price went ballistic. This was in 1H 2014. I told myself I should be patient and wait. Then, Alibaba … [Read more...]

Croesus Retail Trust 1H FY2017 Hong Bao.

This was from a recent conversation: Reader: "Croesus Retail Trust reported good results but an investor I know sold all his shares already." AK; "We have our reasons for buying or selling. If our facts are right and if our reasoning is sound, we should do OK. We could consider facts and reasons offered by other investors in reviewing our investment thesis but don't be influenced by their … [Read more...]

$500K in gold and waiting for stock market crash.

Gold is not a productive asset. Hi boss! Like to ask you on a topic (precious metals) rarely mentioned on your blog. I love precious metals (gold and silver) and anything in gold I can wear. I liquidated all my shares in 2013 in anticipation of a market crash that didn't happen till date. If I were to liquidate all my gold today, I will get back 500k.  I like to ask should I continue … [Read more...]

More income from Ascendas Hospitality Trust expected.

Quite a few readers asked me about investing in hospitality trusts and they usually ask me about FEHT or CDL HT. This is not surprising because they have a stronger presence in Singapore. I don't have a stake in either and with the oversupply of hotel rooms in Singapore, it is probably the case that hospitality trusts with a bigger exposure in Singapore will continue to struggle. Beyond this, I … [Read more...]

Sizing my investment in SPH.

A journey through time with SPH. When I tell people I am a blogger, some assume that I am IT savvy. People who say that are probably not very IT savvy. We only need to know how to use a word processor to blog. My generation and those who are older would remember that in between typewriters and PCs, we had word processors. Their time on Earth was pretty short, however. I am really a … [Read more...]

My ARA Asset Management fixed deposit adventure.

When I shared my full year results end of last year, I mentioned ARA Asset Management's offer of $1.78 a share and how it translates to 35% to 78%capital gains for me if the offer is to be accepted. At the time, I had a fixed deposit maturing and ARA Asset Management's share price was at$1.71. So, I decided to plonk the money from the fixed deposit into their stock. It looked like it would … [Read more...]

AIMS AMP Capital Industrial REIT and free money for AK (3Q FY2017).

Many years ago when I decided to reduce my investment in industrial S-REITs, I was faced with the choice of reducing my stake in either Sabana REIT or AIMS AMP Capital Industrial REIT as both were the largest investments in my S-REITs portfolio. Yes, they were both about the same size.   I decided that AIMS AMP Capital Industrial REIT was better run. So, Sabana REIT was given the … [Read more...]

UOB ONE Card cash rebate and the things we do.

I was chatting with a friend and ASSI guest blogger this evening about credit cards. He told me he had to spend $1,000 each month on a credit card recently in order to get a $100 rebate at the end of the quarter. OK, I think most of you would have guessed which credit card this is. Yes, it is the UOB ONE card. Anyway, I have the same card but I make sure I spend only a bit more than $500 a … [Read more...]

Kingsmen Creatives Ltd added to my portfolio.

With the share prices of many of my investments (including those I recently blogged about) having risen by quite a bit, I decided to nibble at Kingsmen Creatives Ltd, paying 59.5c a share, as its share price remained in the doldrums. The weakness in Kingsmen's share price today reflects Mr. Market's pessimism. Despite being a leader in the industry, Kingsmen was not insulated from a marked … [Read more...]

"REMOVE SABANA REIT MANAGER" FB PAGE.

This blog is in reply to Jerry Low's comment: Source: HERE. Hi Jerry, Saizen REIT was not a shitty counter. It was just misunderstood and it was thanks to the misunderstanding that I was able to accumulate a sizable position relatively cheaply so many years ago. In fact, I thought Saizen REIT had a very competent manager who ate their own pudding.  Of course, the REIT … [Read more...]

Take home loan from bank and buy unit trusts!

Hi AK, I'm new to your site, saw quite a few interesting post from you.. Wonder if I can get some advise and directions to investment... Have $50k spare cash, now searching for what to invest... I have a $500k HDB housing loan. Some financial advisors asked me to switch to bank loan. Instead of using my spare cash to clear my housing loan, look for an investment product which is stable … [Read more...]

Frasers L&I Trust and CapitaLand Retail China Trust added in January 2017.

As REITs will always be relevant to the income investor, I have been thinking of how best to increase my investment in REITs again in an environment of increasing interest rates and I decided I should choose REITs which have a better plan or chance to improve their income. Hedging interest rate risk is very well and good but this only kicks the can down the road because sooner or later, higher … [Read more...]

A tale of two HDB flats by Darles Chickens.

Chinese New Year is a time of family bonding, catching up with friends and also gossiping. What? Gossiping is not a Chinese New Year tradition? Alamak.  Oh, it is something we do daily? OK lor. Since this is the Year of the Chicken (What? Not Chicken? Is Rooster? Rooster is not a Chicken meh?), I present to you "A tale of two HDB flats" by Darles Chickens. Gossip Tale … [Read more...]

Good entry price for QAF Limited?

Reader: "Hi, I found out abt ur blog thru Remove Sabana Mgr fb grp. Thks for sharing CNY video from Gardenia. I din know abt QAF. What is ur ave price? Do u think this $1.41 is gd to enter?" AK: "What is my average price for QAF Limited? Is $1.41 a good entry price? Alamak! I am not a guru and I just anyhow do valuation. You have been warned. Er, I anyhow talk to myself in my blog … [Read more...]

We don’t have to be smart to be rich!

Recently, I had a blog on three attributes of a wealthy peasant. Prudence. Pragmatism. Patience. We don't have to be smart and we don't have to make a lot of money to become wealthier. However, we should be prudent, pragmatic and patient if we want to become wealthier. (See related post #1 at the end of this blog.) Charlie Munger certainly thinks it is a no-brainer and so do … [Read more...]