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

Comfortdelgro – Q2 FY17 Results & Thoughts

I was quite anticipating the results from Comfortdelgro and even more so after reading the results in the previous week by Vicom and SBS where both increased their payout to issue higher dividends to shareholders. I mentioned previously that I thought there was a good decent chance that Comfortdelgro might maintain their dividend as last year despite the poorer taxi division due to the better cashflow that they have. This remains something which I am taking a close look still.   In terms of earnings for the Q2, revenue was down 3% while nopat was down 9% year on...

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"Aug 17" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Comfortdelgro 55,000 2.32 127,600.00 20.0% 2. Guocoland 55,000 1.95 107,250.00 17.0% 3. M1 55,000 1.775 97,900.00 16.0% 4. Fraser Logistic Trust 80,000 1.085 86,800.00 15.0% 5. Fraser Comm Trust 40,377 1.385 55,922.00 9.0% 6. Katrina 210,000 0.205 43,050.00 8.0% 7. CDL Hospitality Trust 24,000 1.57 37,680.00 6.0% 8. First Reit 8,134 1.35 10,980.00 2.0% 9. OCBC 34 11.21      381.00 1.0% 10. Warchest* 45,000.00 7.0% Total SGD 612,564.00 100.00%   I’m updating the Aug transactions a bit early as I don’t foresee much...

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Guest Post by CK – Accounting For Development Properties Using Bukit Sembawang As Case Study

One of the many favoured investment options is to buy properties for capital gains and rent it to receive passive rental income. Such properties are classified as developed or development properties in the balance sheet of the Company. Put it simply, these properties are built to be resold to end users. In this post, I hope to let readers have a better understanding on how these development properties are being accounted for and also to shed some lights on a developer illustrated and how we can appreciate the value within using Bukit Sembawang as case study. The Financial information below is extracted...

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Taking A Walk At Festival Walk (Mapletree Greater China Commercial Trust)

I had a free and easy day today after finishing errands the past few days. I messaged a long time friend who’s in HK and he asked me where I’d like to meet up. I’m bored about going to Causeway Bay and Tsim Tsa Tsui since I’ve been there a zillion times so I asked him to meet me at Festival Walk, since I used to own the MGCCT Reits and I’m curious about how much people are raving about the mall. Festival Walk nearest MTR is Kowloon Tong on the blue line (east rail) and green line (kwun...

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Recent Action – Guocoland

I am writing this down as a short thought before I forget on some of the points that I had in my head. As I’m currently still overseas, I’m unable to produce the excel spreadsheet I had with me back home, hence I’ll just pen them down into words for now. I’ve been slowly building my next core foundation moving into the year of 2018. This year return has done fairly well for me hence I have started trimming down some of those companies which I thought valuation was rich and move into building large position onto companies which...

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Running Your Own Finances Like How Companies Are Run

I always feel the way we folks run our own finances are similar in nature to how we tend to prospect companies for our investment. It has to be correlated in that manner, we get to improve on one thing and that thing opens up the door for another perspective. It has a compounding double win situation. There are many people in our circle group of friends that are struggling to live on paycheck to paycheck. They used these income that they’ve earned to pay off expenses like their mortgage, car loans, education and basic necessities like utilities and...

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"Jul 17" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Comfortdelgro 55,000 2.26 124,300.00 20.0% 2. M1 45,000 1.935 87,075.00 13.0% 3. Fraser Logistic Trust 80,000 1.065 85,200.00 13.0% 4. Capitamall Trust 30,000 2.00 60,000.00 10.0% 5. Fraser Comm Trust 40,377 1.42 57,335.00 8.0% 6. Katrina 210,000 0.22 46,200.00 6.0% 7. Singtel 10,000 3.92 39,200.00 5.0% 8. CDL Hospitality Trust 22,000 1.585 34,870.00 5.0% 9. First Reit 8,134 1.345 10,940.00 1.0% 10. OCBC 34 11.20      381.00 1.0% 11. Warchest* 63,000.00 10.0% Total SGD 608,501.00 100.00% I was going to write...

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Cost Budgeting For Our Thailand Trip In Dec 17

I’ve finally managed to finalize the big chunk portion of our Thailand trip later in Dec this year with flights and accommodation costs secured. Our family have been a huge fan of venturing various parts of Thailand since we have our children since it’s pretty near to where we are. In the first year, we went to visit BKK and Huahin and in the second year, we visited BKK and Krabi. It was such a memorable experience for us and the kids that we wanted to go back there again. This time round, we’ll be venturing BKK and Phuket. We’ll...

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Guest Post by CK – Insight Into The Real Estate Industry – Part 2

This is a continuation post from our guest writer CK, who has kindly contribute on some of the insights from his real estate experience. If you missed the first part, you can view them here. Here we go. Doing a follow up post on the first post as B rightfully asked how does Oxley managed to sell more properties than others. Some background was provided on my first post whereby the floor area for Suites@Bradell ranged from 387 to 893 sqft. I would say Oxley earned their first buck for being able to react to market demand for shoebox apartment...

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Recent Action – Katrina Group

The recent continuous drop of the Katrina Group from its high since its listing a year ago has alerted me so I went to do a bit of due diligence looking for potential entry opportunity. The volume for this company is usually low, so it was difficult for me to load up a sizeable position in the company. I had to take several days/weeks to do so and I think I loaded this overall over a total of 6 sessions for 210,000 shares, at an average price of about $0.196. This was lower than the IPO offering which was...

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Guest Post by CK – Insight Into The Real Estate Industry

I have the privilege of recently exchanging views with CK, who is currently a financial controller at a listed reits at the sgx. He is highly knowledgeable given his previous background as well as a senior manager at one of the big 4 accounting in assurance, and his deep knowledge in the real estate industry, which I’m sure we can learn something from. I’m not going to do the usual interview of asking him generic questions about investing. Instead, I have asked him to share one of the many learning points in the real estate industry which will benefit...

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Recent Action – CDL Hospitality Trust

This is a continued trilogy event for CDL Hospitality Trust which I have previously wrote here and here. Today, I managed to divest the majority of my mother share for 50,000 shares at $1.62 in the open market. This is after the shares have went ex-rights on Monday, so I am pretty surprised at their strong performance in the market today. The divestment yields me a decent 28% gains (inclusive of dividends) for a period of about 6 months. This has been my top position since the start of the year and I am fortunate to be holding it as this is...

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Investor Exchange 2017 – Your Firepower Guide To Investing

BIGScribe will be hosting their biggest event this year by partnering up with 7 well known and proven capable speakers at the Investors Exchange 2017. This event will be huge because it is a big crowd and there are various topics which will be covered by each individual, so it isn’t like we are only focusing about one part of the investing aspect. If you are those who loves Reits and dividend investing, there will be topics that cover that quite in depth by my fellow good friend, Chris from Tree of Prosperity and Kenny. If you are those...

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The Delusional Positioning of A Bubble Forming

A bubble formation is technically speaking a concept in the market where more and more people are entering and participating in a phenomenon that gets bigger. It started all the way from the first few batches that enter into the phenomenon and made extraordinary gains from sitting in a pot of gold, then made into the headline news in the media so more people can join in the party. This phenomenon made such a huge amount of gains in a short amount of time such that it will look stupid on people who doesn’t participate in it. Everyone congratulates...

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Netlink NBN Trust IPO – The Fibre of Smart Nation

Singtel has filed a preliminary prospectus to list one of its associates, Netlink NBN Trust to list on the Singapore Exchange. They were given a deadline by the IMDA to spin off their infrastructure division but still held 24.99% unitholding of the Trust after the offering. There is a book-building process which will determine the offering price between the range of $0.80 (minimum) to $0.93 (maximum). This will be huge because we are talking about a potential market cap size of between $3,091.2m (based on minimum offering price) to $3,593.5m (based on maximum offering price). Business Overview The Trust...

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