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

Do Pennies play an important factor in your financial success?

In our Malay language, there is a proverb which said “Sedikit-sedikit lama lama jadi Bukit”. In literal translation, it means bit by bit and over time it will accumulate into a mountain. How true is that? When I first started my dividend investing journey back in 2011, I remembered receiving very little dividend income from the stocks I owned. The first stock I’ve ever owned back then was SATS and ST Eng. Back then, the dividend was only in the range of $40-$80 and to add to the relatively small figure, I was only receiving them every quarter, not...

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Should you buy stocks based on its 52-week high/low?

Many people, including my own parents and friends, have bought stocks using the 52-week high/low indicator. But how useful is the indicator in determining your future returns? Based on the modified “Dogs of the Dow” method, it seems that there is some degree of success but by no means is a guarantee based on my views. For momentum investors, the 52-week high/low can spot a useful uptrend or downtrend indicator. This method of investing where the river flows show bullishness in the trend until a reversal indicator takes place. Unless you are an experienced investor who knows how to...

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Is your KPI an indicator from Hell?

Readers and friends of my blog will know that my workload is shitty, not in a physical way but one which is common in a corporate world. The nature of my role as an accountant isn’t something that people would take on, less mention envy. The ironic to that is promotion for the role comes in quicker than any other role. I got my promotion and a bump increase in my salary. I should rightfully be happy but sadly I’m not. I received my KPI objective for 2014 today from my boss. With promotion comes greater responsibility, that’s fine....

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Sembcorp Industries – Stable Earnings Results FY13 & Outlook Ahead

Sembcorp Industries saw FY13 revenues rising 6% while net profit climbed 9% year on year. Its Utilities core business delivers a steady performance compared to 2013, achieving 20% growth in net profit yoy. Other key performance round-up includes: Turnover at S$10.8B, up 6% Profit from Operations at $1.3B, up 4% Net Profit at $820M, up 9% EPS at 45.7 cents, up 8% ROE at 17.1% Dividends at 17 cents (including 2 cents special dividend) Thoughts When I purchased it last week, I expected the FY EPS to come in at least 45 cents/share. It actually exceeded my expectations a little bit. Having said that,...

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"Feb 14" – SG Transactions & Portfolio Update"

 No.  Counters No. of Lots Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. FraserCenter Point Trust 30 1.735 52,050.00 22.0% 2. Vicom 6 5.77 34,620.00 14.0% 3. SPH 7 4.02 28,140.00 12.0% 4. Ascott Reit 15 1.165 17,475.00 7.0% 5. FraserCommercial Trust 14 1.235 17,290.00 7.0% 6. SembCorp Ind 3 5.32 15,960.00 7.0% 7. Neratel 20 0.71 14,200.00 6.0% 8. First Reit 13 1.035 13,455.00 6.0% 9. ST Engineering 3 3.80 11,400.00 5.0% 10. Mapletree Greater China Commercial Trust 10 0.815   8,150.00 3.0% 11. China Merchant Pacific 8 0.90   7,200.00 3.0% 12....

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How Dividend increase can help achieve your goal faster

As a passive income investor, one of the main objective is to look at dividend growth stock that can give us passive return that well compensates our need. Some may be comfortable at 4% yield while others may require 7% yield. But all in all, a company that can increase their dividends over time will be one that investors seek for and it can help us achieve our goal at a faster rate. Dividend increases usually mean that the company are doing well and they are returning excess earnings to shareholders in the form of dividends. They usually play...

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Vicom – Steady Results for FY13 & Outlook Ahead

Vicom Ltd has just released their FY results yesterday evening which I thought was decent.     Results Highlight   Vicom’s revenue grew 8.1% year on year to $105m while profits grew 7.7% higher at $28.4m.   Considering the company’s activity slowdown in the past year, this is decent numbers we are talking about.   The company’s cash flow from operations (CFO) has increased by about 7% to $32.5m while Free Cash Flow (FCF) for the year was at $28.6m. The management has declared a higher final and special dividend for the year at $0.081 and $0.064 compared to...

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Second Chance – Disposal of their Properties

On 6 Feb 2014, Second Properties Ltd has entered into an option agreement to dispose all their properties at a price of $175,376,412, which is somewhat a premium to the total market value of $134,773,500. Rationale The proposed disposal is expected to unlock equity value tied up in the real estate for a number of years and the company will use the proceeds for: 1.) 39% of the proceeds will be used to repay all the debts, bringing the gearing to 0. 2.) 6% of the proceeds will be used to distribute dividends to shareholders. 3.) 55% of the...

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Stock lists on my radar

It is the end of the January month and we can already see some turbulence in the market, especially affected by the news of the EM crisis we are having right now. The overall STI index has gone down by 4.42% in this one month alone and it does look like the trend will continue to spread in the February month. I’ve listed down a couple of stocks that I am currently keeping a close look on. I may not necessarily buy them in the near term nor is this a call buy for you to follow on. But...

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Why I love my dividends more than share buyback?

Readers of my blog would know that I love dividends from my investments as they provide a good cashflow turnaround for my daily life’s activities. I love companies that return good shareholders’ value in the form of dividends. To me, distributing out dividends to investors is something that is  tangible and should be the number one priority for every companies especially if they are having a stellar year in profits. However, some companies may choose to use their earnings to repurchase their outstanding shares from the open market instead. Let’s use a company that I own – Sembcorp Industries...

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AGM – FraserCenterPoint Trust (FCT)

Welcome to the Annual General Meeting (AGM) series of review for FCT. Today, I am going to summarize the AGM for FraserCenterPoint Trust (FCT) held at Alexandra Point. I was expecting a lot of questions from the retail investors relating to Bedok Point and Changi City Point bombarding the management so let’s see if I’m correct. This is my first time going to the FCT AGM despite having the shares for more than 3 years. So you can expect me getting a little excited about it. Talking about the souvenier, I was a little disappointed, just like most investors...

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Wall Street – Rationalization of an Addict for the love of Money

My wife, who usually does not read financial stuff, thinks that this article is superb. Thus I decided to share the same with my readers. For all financial addicts out there, this article could just change your life. Take a moment and give a complete read to it. I think it’s a superb life experience out there. IN my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I...

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"Jan 14" – SG Transactions & Portfolio Update"

 No.  Counters No. of Lots Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. FraserCenter Point Trust 30 1.77 53,100.00 23.0% 2. Vicom 6 5.15 30,900.00 13.0% 3. SPH 7 4.01 28,070.00 12.0% 4. Ascott Reit 15 1.23 18,451.00 8.0% 5. FraserCommercial Trust 14 1.26 17,640.00 8.0% 6. Neratel 20 0.71 14,200.00 6.0% 7. First Reit 13 1.045 13,585.00 6.0% 8. SembCorp Ind 2 5.34 10,680.00 5.0% 9. ST Engineering 3 3.85 11,550.00 5.0% 10. Mapletree Greater China Commercial Trust 10 0.795   7,950.00 3.0% 11. China Merchant Pacific 8 0.92   7,360.00 3.0% 12....

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Recent Actions – Mapletree Greater ChinaCommercial Trust (MGCCT)

Today I’ve initiated a long position in Mapletree Greater ChinaCommercial Trust (MGCCT) at a price of $0.81. This is my second additions to the Mapletree Reits family which I have in my portfolio after the purchase of Mapletree Log last month. I’ve long been impressed with the quality of the assets that MGCCT has when it launched its IPO last year. Festive Walk – one of the highly sought retail components in the strategic location of Kowloon. Even during the epidemic of SARS and the GFC in 2008/2009, rental revenue has managed to creep up higher, giving a CAGR of 5.8%...

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