Author: A Path to Forever Financial Freedom (3Fs)

"Jun 18" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Vicom 27,000 6.05 163,350.00 24.0% 2. Frasers Logistic Trust 126,000 1.05 132,300.00 20.0% 3. M1 75,000 1.68 126,000.00 19.0% 4. Far East Hospitality Trust 125,000 0.65   81,250.00 12.0% 5. Ho Bee Land 30,000 2.45   73,500.00 11.0% 6. Starhill Reit 100,000 0.68   68,000.00 10.0% 7. Singtel 8,000 3.24   25,920.00 4.0% 8. Warchest – –     1,000.00 1.0% Total 671,320.00 100% It is time for another update for the month as we move towards the half year mark, a...

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Not Only Expenses, You Also Have To Take Care Of Your Income

There’s been an ubiquitous edition of articles on how you should take care of your expenses, but there were little mention of how you should also be taking care of your income, especially bad income. The bad income is of course very subjective and it differs in definition from one individual perspective to another. One way to differentiate “bad” income from “good” income is to quantify it through how some income is taxed more favorably than others. For the majority of the people, income derived from employment or trade business are generally considered “bad” income because they would attract...

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What Does It Means When Share Price Stays The Same After 10 Years?

I received an email from one of the reader which I thought it was interesting to share and further ponder around on the topic. He asked me a very beginner question because he is relatively new to the market. He asked me whether a share price might stay the same after 10 years even if the company continues making profits in that 10 years.   Logically speaking, if the company continues making profit, the share price should grow in tandem after 10 years, assuming everything else constant. It is almost illogical that the share price continues to be the...

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The Looming Dark Side of Retrenchment

My company had recently announced an undertaking restructuring exercise which would impact a few functions and one of the functions would be in my department. As a shareholder and someone who’s been investing for some time, I didn’t see this much as a surprise. Companies have the tendency to exercise their restructuring plan every once in a while. The idea is to identify productivity savings and reduce manpower costs and above all increase shareholder’s value by delivering a higher earnings per share. My company tends to have this exercise roughly once in every 4 years, so long timers would...

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Investor Exchange 2018 (brought to you by BIGScribe)

Investor Exchange 2018 will be back again this year after a successful sell-out event last year which sells more than 250 seats for the event. This year, they have invited speakers who will be sharing their personal strategy in approaching their investment and how to grow the portfolio. My understanding from the organizer is that unlike the other sharing session, there will be a lot of personal touches in this seminars because the speakers are encouraged to share their personal strategy which would otherwise be discreet to many. I have been invited to present as one of the speakers...

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How To Play Fraser Logistics Trust (FLT) Rights Issuance

This is a continuation from the previous post where FLT decides to venture into their Germany and Dutch acquisitions. After the EGM was conducted and approved on the 9th May, they quickly came up with the details of the $476m equity fund raising activities which includes a private placement and a non-renounceable preferential offerings to existing unitholders. The private placement is issued at 345.8m new units at an issue higher end price of $0.987 each to raise gross proceeds of $332.7m. The private placement result shows that it was 3.9 times oversubscribed which saw strong participation channel from institutional investors. In...

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Dividend Income Updates – Q2 FY2018

I am writing this dividend update in an attempt to compile my quarterly dividend performance for the year. The theme of this post will be based on my understanding of the advantage of dividend investing and that is to compound dividends for as early as we can, for as long as we live. I am sure by now many of you have heard the common saying of “Sell in May and Go Away” phenomenon that has been going around, lurking and prompting investors to sell their portfolio holdings and seek a hideout until the bear comes out. There are...

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"May 18" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Vicom 27,000 6.05 163,350.00 25.0% 2. M1 75,000 1.80 135,000.00 20.0% 3. Fraser Logistic Trust 100,000 1.05 105,000.00 17.0% 4. Far East Hospitality Trust 125,000 0.68   84,375.00 12.0% 5. Ho Bee Land 30,000 2.55   76,500.00 12.0% 6. Starhill Reit 100,000 0.70   70,000.00 11.0% 7. Tuan Sing 40,000 0.42   17,000.00 3.0% 8. Warchest – –     6,000.00 1.0% Total 657,225.00 100% We are just a month away from finishing the first half of this year. This has been...

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FI Ratio

FI Ratio is one of the quantitative relation that I would start to track in my quarterly dividend updates because they are such an important part of the whole financial independence concept. The idea of the FI Ratio is simple. Everyone has their very own definition of what financial independence meant to them but quantitatively it should at the very least cover their expenses through the reach of their passive income. Most of us would start by working as an active employee earning active income which would mean our FI ratio would start from ground zero assuming you didn’t...

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Ho Bee Land – Q1 FY18 Results & Thoughts

Ho Bee has just announced its Q1 results for FY18 which was closely expected with no big surprise. Rental income is the segment which I am monitoring closely and it continued its strong uptrend with a 6.1% year on year. This was due to the purchase of Lombard street which was reported in the Q4 of last year. If we compare quarter on quarter, it is stable at $37.7m, which was unchanged from previous quarter. This comes in at $150m annualized. The sale of development properties is the swing factor here. In this quarter, sale of development properties come...

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Far East Hospitality Trust Q1 FY18 – Results Review and Thoughts

Far East Hospitality Trust (FEHT) released their first quarter results for FY18 this morning which I thought I’ll give a quick review on it since I made the purchase earlier this month. You can find the link to that article here. FEHT posted a 3.8% increase in the gross revenue and 4% increase in the NPI which sees a stronger hotel performance this quarter due to the better reversion of the master leases. This is in line with the thesis that I have. From the result, we also see that hotel performance has bottomed in the previous quarter and it...

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Frasers Logistics Trust (FLT) Ventures Into Germany and Dutch Acquisitions

At around this time last year, FLT makes 7 Aussie assets acquisition and added them into their portfolio of the logistics predominantly located in parts of Australia. This time round, they’ve gone a lot bigger by deciding to acquire 21 industrial properties, comprising of 17 properties in Germany and 4 properties in Netherlands which has a predominantly freehold land tenure. The appraised value for these properties is valued at S$984.4m by independent valuers, and the agreed purchase price is at S$972.8m. This represents approximately 1.2% discount to the appraised value of the properties. After deducting for the liabilities and...

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Everyone’s A Winner In The Bull Market, Right?

The bull market has been rampant in the past 10 years that our wealth gets accelerated function exponentially. This leads us to think that wealth can only move in one direction and it leads to that much easier to achieve financial independence by pro-rating your financial model accordingly. The risk is decluttered as one grows a sense of safety net thinking their model works that no one else could ever think of in the past. Let’s illustrate it with the 3 examples. Toto Lottery   This is a lottery system that’s being rigged openly by the government with the...

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Setting Foot in REITs 2018

Real Estate Investment Trusts (REITs) is a popular investment vehicle favored by local investors in the recent years. Even with the volatile market outlook, REITs is expected to perform in a stable trend with higher returns. However, with the recent rise in interest rate, should investors look at rebalancing this asset class within their portfolio? In conjunction with the 4th edition of REITs Symposium – the largest REITs event in Singapore – we rounded up 3 of the industry influencers to hear their views on the local REITs landscape for 2H2018. Brian Halim from A Path to Forever Financial...

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Recent Action – Far East Hospitality Trust

With the proceeds from the divestment from Comfortdelgro which I blogged earlier, I had also purchased 125,000 shares of Far East Hospitality Trust (FEHT) at a price of 68 cents. This is a company that I once used to own, then divested, then move the funds around, and now back again to the same company. I am looking for something with a decent yield, predictable near term both organic and inorganic growth outlook and preferably a Reit, so I thought this company fits the bill for now. I am also bullish on the sectors as I think the Revpar...

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