Author: A Singaporean Stockmarket Investor (ASSI)

Why First REIT and why worry?

I get asked from time to time why I invest in First REIT and not Parkway Life REIT? Actually, more accurately, people should ask why did I invest in First REIT and not Parkway Life REIT? Yes, asking when a decision was made matters. When I was deciding between First REIT and Parkway Life REIT, the choice was a much simpler one. First REIT was trading at a big discount to NAV and its distribution yield was much higher compared to Parkway Life REIT. Money should go to where it is treated best, I told myself then. So, if you guess...

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Leaving a legacy as ASSI turns 9 and AK stops blogging.

Reader says… I’m thankful for the positive impact u have on my life, up there with Warren Buffett and rich dad. I hope in time I be able to pay it forward like u did AK says… I am glad my blog has been helpful 😀 Reader says… That’s an understatement, too many ppl and too much money this world, just not enough ppl who want and able to make a difference. Of course that depends on whether u become even more lazy in blogging hehe. This blog will be your legacy to those who wants to design their...

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3Q 2018 passive income (S-REITs).

In 2Q 2018, there was a bit of action in the S-REITs space for me and one of the things I did was to add to my investment in Starhill Global REIT at 64c a piece. In 3Q 2018, I was ready to add to my investment in Starhill Global REIT if Mr. Market’s pessimism should worsen. However, Mr. Market felt better about the REIT’s prospects and the unit price rebounded. To understand why I bought more of Starhill Global REIT when I did and how it became one of my larger smaller investments, go to the related post...

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SG BONUS for all Singaporeans.

I received an SMS earlier today to say that I am getting a $200 red packet. Wow! There is such a thing as a free lunch, after all! Actually, $200 could probably buy me lunch 50 times over! What am I talking about? SG BONUS, of course. Eligible Singaporeans will get a minimum of $100. How much we get depends on our income in 2016 (YA 2017). See the table here: All eligible Singaporeans will be paid by end of this year. Now, if only income in 2017 (YA 2018) was used instead, then, I would get $100 more...

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3Q 2018 passive income (non-REITs): Conclusion.

Many things happened in 3Q 2018 in the non-REITs space for me. Mr. Market made me many attractive offers and I was hard pressed to take advantage of all of them in a meaningful manner. This is why having a war chest, big or small, matters. Without a war chest, we would not be able to take advantage of Mr. Market’s pessimism. Even with a war chest, we would have to decide how to allocate our limited funds. So, what did I do? If you have not read the earlier 7 parts by now, here are the links: 1....

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3Q 2018 passive income (non-REITs): APTT.

In August 2018, I also received questions about APTT as its unit price plunged. In one way or another, I was asked whether I was buying APTT again like I did when its unit price plunged in the past. Regular readers might remember that I said APTT’s 6.5c DPU was unsustainable and a more realistic DPU was 4c. When I bought more APTT in the past, it was based on what I thought a reasonable and sustainable DPU would look like. The purchase was not premised on what APTT was distributing at that point in time. Please keep this...

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3Q 2018 passive income (non-REITs): QAF.

In 3Q 2018, I also received questions from readers on QAF and they were similar to this comment from 9 August 2018: Reader said… at the current price weakness and offering a dividend yield of almost 6%, will u still considering nibbling?? AK said… QAF is now trading at a discount to NAV and there is also some insider buying activity. I would buy some if I weren’t already invested and if I didn’t have other investments that are tempting me to buy more as well. ;) Revenue and earnings have been declining at QAF as they face rather...

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3Q 2018 passive income (non-REITs): AGT.

Some might remember that I reduced my investment in Accordia Golf Trust many moons ago at slightly more than 70c a share. Since then, Accordia Golf Trust has seen its unit price gone down a slippery slope. It finally got to a point where I just had to hit the “accumulate” button. I remember sharing before but I just cannot remember was it here in my blog or during an “Evening with AK and friends” that my own research (with the help of Google Translate) found that PGM, Japan’s second largest golf course operator at that time, made an...

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3Q 2018 passive income (non-REITs): SingTel and CDG.

Deciding that Mr. Market was probably overly pessimistic, I added to my already very significant investment in SingTel as its share price sank below $3.10 again sometime in 3Q 2018. The business environment has become more challenging for telcos, no doubt. However, we have to remind ourselves that telecommunications companies are not all equally vulnerable. Experience tells me that in any sector that is facing challenging conditions, 1. entities which are sectoral leaders  and 2. entities which have strong balance sheets  will most likely prevail and SingTel is that entity here. SingTel’s dividend yield expanded as its share price declined. With...

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3Q 2018 passive income (non-REITs): WILMAR.

Another business I increased exposure to in 3Q 2018 was Wilmar. As its share price went under $3.00, I simply had to buy some. At that price, I believe Wilmar was very undervalued and based simply on NAV per share, it was. If the constant buying by insiders as the share price declined was anything to go by, I am in good company. When the soft commodity cycle turns up again and it is just a matter of time when it does, Wilmar will be a major beneficiary. Apart from this, I am also waiting for the listing of...

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3Q 2018 passive income (non-REITs): RHT.

In 3Q 2018, I also added to my investment in RHT Health Trust at 72c a unit when Mr. Market got the jitters and the unit price plunged. The reason for a nervous Mr. Market could be due a cautionary note issued by RHT’s external auditors on its weak balance sheet. I received messages from readers and my reply to each and every one was more or less the same. “The cautionary note really was not saying anything new nor was it earth shattering.” If we sell simply because the share price is declining and we are fearful, that...

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3Q 2018 passive income (non-REITs): Centurion.

In 3Q 2018, I decided on many things in the non-REIT space and this will be the first in a series of blogs on my decisions. Several times in 3Q 2018, I managed to add to my investment in Centurion as its price declined closer to 40c a share. It is my belief that a DPS of 2c a share is sustainable because it represents a payout ratio of only around 50%. Centurions’s cash flow also remains strong and relatively predictable. An almost 5% dividend yield from a business run by a savvy management with a good track record...

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Should NSF invest $30k savings and pay $4k a year for insurance?

Reader says… I am a fairly new reader on your blog. I am thankful that you are sharing your knowledge, and at the same time I have a few questions that I would like to seek your opinion on. I am currently serving NS. I have been working part time since 18 and have a saved up 30K which I am planning to use for my university fee (Private). I am not sure whether I should invest with the amount of money that I currently have or just leave it untouched as it is money that I would require...

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Unhappy with CPF and angry with AK. (Alamak! Why you so like that?)

Whenever I blog about the CPF, I must be prepared for some debate and it happened again last night. I always welcome debates as long as they are civil and constructive. Please don’t be rude. Don’t tell people to get a rope and hang themselves, for example. I am so sorry to have caused the reader so much angst. :( Since following my blog upsets him, I will do him a big favor by blocking him. I don’t usually block or ban readers from my FB page. If I did it to you, you must have been pretty bad....

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Crazy Rich Asians or Pragmatic Rich Asians?

I know my blog has some reach beyond the shores of our tiny island nation of Singapore. Remember how I received a not too glamorous award from a forum in China recently? See: Once upon a time in China, Weibo says 铁公鸡AK 还好没结婚! I would like to share a conversation I had with a reader from Hong Kong some time ago: Reader says… Hope you don’t mind a guy from H.K. dropping a line. Indeed I used to stay in Singapore for a few years back 20 years ago. As far as I know Singaporeans at that time liked...

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