Cory Diary : LMIR TRUST Report Q4 2016

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LIPPO MALLS INDONESIA RETAIL TRUST DPU 0.87 ( 7.4% increase ) For Stock Price of $0.385, Yield about 9% Gearing : 31.5% I like this REIT because of good Indonesian population base growth potential, income outside Singapore with mid term track record. Base on this quarter result, likely next few quarters we will see better rental revision thus potential growth in DPU... … [Read more...]

Cory Diary : REITs Investment

Reits have been in my portfolio for many years. Each year I learn "New Tricks" and pay some school fees. Instead of going through the learning pains, I like to document down what to look for and appears it can be boiled down to 4 pillars Integrity This is critical. While there maybe time for speculation, this is not my cup of tea. The other three below are more … [Read more...]

Cory Diary : 2017 Chicken Out

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Did my second speculative trade of the year for fun. This is after I notice there is still some upside for Keppel since last year low. By the way I am no fan of Oil and Gas or Ships. And no margins. Saw my profit went up to more than $800 before it came crashing down after the poor result announced. This hit me back to fundamental reality or am I ?Nevertheless I Chicken Out and close my positions … [Read more...]

Cory Diary : CAPITALAND MALL TRUST 4Q16

Investing in CMT is one of a kind. It can hardly go wrong  if you have taken a peek on it's portfolio of assets. The issue with it will be the actual return after stock price fluctuation. And so investing in CMT is more important on the entry price and the yield Maths will work itself out.The quarter annualized DPU is 11.46 cents. Yield about 5.92%. This is despite Funan undergoing redevelopment. … [Read more...]

Cory Diary : Frasers Centrepoint Trust 1c17

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Since I last blogged FCT ( Link ) a year ago I am reading FCT report again today. Key Takeaway NAV $1.93. Last closing share price is $1.965. Slightly above book value. Management has said they will maintain 100% payout of roughly 5.9% yield. The AEI trough expects in May'17 and recover after. AEI completion in Sept'17. Expecting possible further few percentage reduction in NPI in the … [Read more...]

Cory Diary : Financial Updates 20170121

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How I will approach this is to have my Financial Charts up for evaluation. This data is computed automatically through excel. So theoretically I am able to produce them everyday with little effort. The first chart is my Net Worth. I have this tracked since 2007 to see the Market crash horribly the next year. Unfortunately this is the furthermost that I have tracked as I would like to have data … [Read more...]

Cory Diary : United States of America

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At the lowest point of America during 2008 GFC, Bush transition power to Obama. He comes in the nick of time from nowhere to bring America back up again. What even more amazing is that he is black. A White America who has appointed their First Black President instead of the First Women President. Who can say this is Uncle Sam other than the most extreme North Korea. America today has so many races … [Read more...]

Cory Diary : Value Spending

Since young there is not much money to spend. Will always use up my allowance on titbits, pencils, rubbers, meals etc. Looking back, there is not much to save anyway and spending what given is a kind of natural thing to do. In my mindset allowance given is for me to spend and my parents are really good at it on how much I really need on food, bus fair and some extras. So I could say in my … [Read more...]

Cory Diary : Summary of 2016 and Record Dividend

We have Trump elected and Stock up. Continuing Oil crisis but a pickup of the Banking sector. Survived a retrenchment exercise and have a larger team. We have a shock during Bre-EXIT but market climbed back quickly erasing all the losses. Oil Price moves above $50 due to OPEC Agreement. We have weaken Gold Price of $1159. S$ weakened to support internal factors which is really good news at current … [Read more...]

Cory Diary : Sabana Reit and $100, 000

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The purpose of this article is to share the danger of the stock market. The game is not fair.Sabana Shari'ah Compliant Industrial Real Estate Investment Trust At one point I have $100, 000 invested in this counter. It was darling in the market with it's high yield. I even named it as one of my retirement counter. And then when the master lease issue comes in, I found something a … [Read more...]

Cory : Singtel

Realistically speaking I agree with Singtel that there is no need for 4th Telco in SG. The reason is pretty straight forward. Neither M1 nor Starhub are credible competitors to Singtel. So what makes us think an addition of 4th or even 5th will helps bring competition to the table ?If Singtel want to gobble up the whole SG market, they actually can if we truly believe in free market logic. Singtel … [Read more...]

Cory Diary : Work Performance 2016

FY 2016 is another challenging year. Investment can be in Equity but it can be in Work too. The later rewards are more sustaining and bulk of most people income. And the achievement is mentally fulfilling. After surviving the last retrenchment exercise, I have to bring over another team into my fold who just lose their manager. There are few things in my mind. Prevent attrition (knowledge … [Read more...]

Cory Diary : When higher Dividend has a Price ( $200,000 Dividends milestone within grasp )

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Just when I thought 2016 will be the year my Dividend will finally dipped since embarking on dividend strategy, year-to-date I have hit another all time high of $34,117. And i will expect to hit $36,000 easily by year end. So what happened ? Thanks, but not thanks, due to "anticipated" Neretal special dividend of 15 cents but with more than 20 cents dent to the Share price after ... a heavy … [Read more...]

Cory Diary : Global Warming

This has been one of most contentious. Global temperature has been rising. Does not using coal helps ? Should we use Nuclear energy ? Will the damage be reversible especially our oceans ? Is Oil the problem and the solution ? Save the Earth helps ? Cutting down electrical usage helps or just prolong the issue ? Cory believes is plainly due to human population growth. From google ..."What is … [Read more...]

Cory Diary : Forest Woods

Almost 70% (357) units of Forest wood Residence (OCR) has been lodged with URA website. Price range between S$1300~1500 psf sitting on site area of 150,712 sq ft.When North Park Residence first launched, it was a success too. Both private condos are in prime locations and 12F. I remembered complaining how small the units and felt this will only get smaller considering TDSR limiting the … [Read more...]

Cory Diary : Astronomical Returns

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I have been seeing astronomical returns from some forum recently. It easily get people attention. That's what it does. But what's matter at the end of the day is how much you truly made at specific time frame. Why I say that is because market goes up and down. And relative performance measures need to account for time frame with reasonable period length to allow for stability. STI … [Read more...]

Cory Diary : XIRR Performance – Q3 2016

The Market comes down a little on the last day of Sept. For the past few quarters I have been enjoying the bliss of cutting loss quicker and holding bull stocks longer. This is a rather fundamental change in my mental decision which takes a long time to overcome but necessary. So far, overall I have been right.Some of my actions I took is to clear LKH to focus on my portfolio better. I bought it … [Read more...]

Cory Diary : Calculating Return in Equity – Part 2

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In this continuation of calculating equity return, let's simulate a scenario that on certain years we have very good returns. And we feel rich that during that periods, mentally we think we can afford to lose. This can be at portfolio level or Individual Stock that we have grown to love. As the table above, I picked year 2009 and 2012 where Cory has strong gains and have them tweaked about 50% … [Read more...]

Cory Diary : Calculating Return in Equity

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When I look across STI Index back 10 years there are 3 major down levels. If your investment have survived this three crisis give yourself 2 STARS.1. 2008 US - Sub Prime Financial Crisis 2. 2011 European - Greece Crisis 3. 2015 China - Stock Crisis When we start measuring our performance matters. Anyone who invest right after 2008 bottom will most likely survive well today especially for … [Read more...]

Cory Diary : Taiwan Housing and Pension System

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In an ironical twist, Taiwan DPP (Green Party) recent elected president policies direction is moving towards what Singapore has been doing despite the blue camp is more "Pro" Singapore. Of the 5 Major reforms, two of them is deep in Singaporean heart. Constructing 200,000 units of social housing for lease to low-income citizens Taiwan problem isn't just about wealth gap. The main issue is the low … [Read more...]