Author: A Singaporean Stockmarket Investor (ASSI)

Wondering about QAF Limited.

Reader #1: I wonder if any of your readers have written to you recently about the longer term aspects of QAF- both in dividend yield and share price? Reader #2: Hi AK, I know you are an investor in QAF Limited. Any reason why the share price is plunging? I know a long time director just stepped down last year. Do you think that has an effect? Singapore’s Longest Sandwich AK: Don’t ask me about share price. Ask Mr. Market. There is no way I can tell how prices might move now or in the future (with certainty). Past prices,...

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Healthy cash flow is most important.

Reader: Time flies and I’m glad to have taken your advise previously to do well in studies. I am currently reaping what I’ve sow for my study & career. Good news is that i have gotten a job that pay me well compared to my first job 3 years ago; i got close to 50% pay increment! However, my life had been quite a drama due to conflicts at home. So, i end up moving out, renting a room to keep myself in peace. With that, expenses increased and i am having difficulty sustaining it. As i am single...

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HWZ says AK "self-victimise himself".

A friend read something in hardware zone and thought I would like to know. He had a good laugh and I had a good laugh. I am sharing it here so that maybe many more people would have a good laugh. Now, read this with an open mind. There could be some truth in what the person says. Oh, and this video clip is just for dramatic effect. HWZ forumer, w1rbelw1nd: I dont think very positively on local bloggers, frankly. Yes, most of them may be altruistic and do it out of interest and passion, but also because of doing...

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Investment philosophy and property market.

After my blog about nibbling at Tuan Sing Holdings, a reader commented that I seem to be building up a position in property counters and asked if I am waiting for a rebound in property prices. At the same time, a couple of readers shared that DBS is expecting residential property prices in Singapore to recover by up to 10% in the next two years. Here is what I have to say: I know some analysts are positive that residential property prices have bottomed and are going to rise next year or the year after. Is this going to...

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Invested in Tuan Sing Holdings.

When a reader asked me what I thought about Tuan Sing Holdings as it trades at almost 60% discount to NAV, it got me interested enough to take a closer look because this is something I think I understand. I approached this in a way that is similar to my approach to investing in Guocoland. Substantial shareholders, the Liem family, and also Koh Wee Meng of Fragrance Group together hold a 60% stake in Tuan Sing. It is interesting to note that Mr. Koh’s purchase price in 2014 was 43c a share and Tuan Sing’s NAV per share then...

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Accumulating Wilmar on price weakness.

When I revealed my top investments earlier this year (read related post #2 at the end of the blog), some were surprised that I had a relatively large investment in Wilmar International which isn’t a typical investment for income. Of course, long time readers of ASSI would know that not all investments in my portfolio are for income although almost all lean in that direction. Why Wilmar? There are not many companies in the world like Wilmar when it comes to agricultural products and their distribution. Wilmar has amazing breadth and depth of operations. Its distribution network is extensive, established and still...

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An IPO for an IPO in the Philippines?

Reader: Recently i come across an interesting pre-ipo for Philippines REIT during their roadshow at Raffles place. This company acquires residential property from Singaporean whom has property in Philippines. In exchange for the property they would issue preference share equivalent to the property price. They only acquire those property which is ready and fully paid. Thereafter they will just refurbish and rent/lease out for short term and long term stay. Short term would be those Air Bnb or tourist type. Long term would be expat or local people who is working near CBD area. So far they had acquired...

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Building your personal wealth in Singapore with some help. (AK the blogger or AK the benefactor?)

Reader: Hey sifu thks so much U changed my life I was down to my last 100000 But yr saizen call Save my life My family AK: You took action. Thank yourself. 😉 Reader: We will be praying to u Downloaded yr pic AK: …………………… :o Reader: We will pay tribute to u Thks sifu Really I nearly killed myself If not for yr call AK: I am glad. 🙂 Reader: U save my life No chance tell u Till now I am a ghost now If not for u I will ask my children pai u too U are the...

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Price we pay when die die must buy.

Someone told me that the fried mee from a hawker store at a market near my home is very good. Die die also must try. Every time I go, I see a long queue. When I ask how long must I wait for a serving? About half an hour or maybe longer. Forget it. On one of my evening walks, when I walked by the stall, there wasn’t much of a queue. So, I tried the noodles. I didn’t have to wait very long. What does this tell us? If we die die must buy, then, there is a...

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Do this to get higher interest income with UOB ONE?

Reader: Understand that you have UOB One Card. Recently, a UOB Personal Banker approaches me regarding the other usage of One Card to earn higher interest in the One Account. Instead of spending $500, one can just save that $500 through a Prudential savings plan. This $500 will be deducted from the One Card every month for 5 years. After which, the total amount deducted will be locked for another 10 years. At the end of the 15 years, one can earn an effective interest p.a. of about 3.13%. The principal is guaranteed. In this way, one does not need to...

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Blog about my increasing portfolio value?

Reader: Many of your stocks have risen in price. Examples are CCL, FLT, SGR, CRT, CRCT, RHT. The actual list is much longer definitely. In addition to your quarterly reports on your passive income, would you consider sharing the change in the value of your portfolio as well? I am sure many readers are interested and it would be inspiring too. AK: I know some investment bloggers do what you said but I won’t because it doesn’t gel with my motivations both as an investor and also as a blogger.  My focus is on investing for income and price...

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Bought more VIVA Industrial Trust and worried.

Reader: I learn of your blog from reading an article you wrote about Viva Industrial Trust for a magazine. I am very concerned now because I just bought more after reading research provided by my broker. The dividend is expected to increase. Is the land lease situation really bad? 60 years land lease from 1961. Expiring in 2020, no extension is allowed. AK: I don’t remember writing for any magazine or maybe I did but I just don’t remember. Whether an investment is good or not depends in part on the motivation of the investor. If you are invested...

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HDB Lease Buyback Scheme and you.

Reader: Parents in late 60s considering whether to go for lease buy back on their HDB flat (42 yr old flat) or leave it to children. Lease buy back so that parents can increase current monthly pocket money and thus lessen burden. Parents are more inclined to stay in flat. Though selling entire flat can fully monetise the value of the flat, but given that it is already 42 yr old flat, waiting another 10 to 15 year likely will see a drop in property price in the current peak market condition. Plus Singapore is a developed n aging...

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AIMS AMP Capital Industrial REIT challenged.

I have said before that AA REIT is not unique in the industrial REIT space. All industrial landlords in Singapore are facing difficulties presented by over supply and weaker demand. From the latest results presented by AA REIT, it is obvious that the difficult environment is not letting up anytime soon. 1. New and renewed leases are at a weighted average rental decreaseof 4.3%. 2. Portfolio occupancy has declinedfrom 94.6% to 91.0%. Things are admittedly difficult but they are far from grim. 103 Defu Lane 10. A competent management has kept gearing manageable at 36.3% and also managed to reduce overall...

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Home loses $23,000 yearly to house antiques?

From a financial perspective, should a single buy a one bedroom HDB apartment for $100,000 or a three bedroom HDB apartment for $500,000?  The former seems less demanding financially. However, in the latter, he could rent out two bedrooms and that could conservatively net him around $15,000 a year.  The apartment could generate $450,000 in 30 years and, in his golden years, his apartment is almost free of charge. If we are the sociable type and do not mind dealing with tenants, then, buying the bigger apartment which has the option of income generation makes sense.  For any income...

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