Author: CoryLogics

Cory Diary : Q1’17 Performance

Funding Injection For the 3 months in 2017, I have injected roughly 30% more into my portfolio which would have been laying low in the banks. This reduced my XIRR YTD as there are no income from the 3 months due to enlarge base. The needed injection provide needed base earning and driving for potential future performance. This left my Cash/FD now comprises 31% of my Net Worth.Funds are injected in – Singapore Saving Bonds funds are mainly from idle cash/fixed deposit in saving banks. They will likely my future emergency fund location. – Reits Oversea Exposure as I...

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Cory Diary: Is STI Performance truly understood ?

What is STI Index true performance ? The often quoted is 7% XIRR or so called Compounded which includes dividends distributed. This is achieved if one invest all their money one time exact in the year 2005 low and measured on the final price this month of STI. Yes is about 7%. The issue is can this be repeated ? That is the catch. Firstly our money in fund is constantly injected and for some withdraw during the 12 years period. Secondly, how sure are we the next 12 years will be another 7%. Are we sure we can...

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Cory Diary : Financial Portfolio Update 20170325

Has been a month since my last post. Seems a long time. Quite amount of office politics that I have to carefully maneuver while getting things done during this period while guiding my team on execution and business alignment. Good news is we are better today than a month ago. More work to do ! 2017 is Year of Rates and Banking. Banking continues to recover from last year despite the oil saga. Unfortunately my portfolio on such is under invest. Fortunately STI Index fund covers some. Index has again proves their usefulness. Dividends wise $7,685 Year to date.Maximum...

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Cory Diary : Sheng Siong 4Q’2016

Is another profitable period for Sheng Siong. A growth and relative good dividend stock. The Rev/Profit growth is so persistent that every quarter seems like a norm, What I like most is it provides basic essentials therefore relatively recession proof. A mix of growth and yield stock, how much growth imo depends on how fast it can expands and idle cash available to support the expansion considering profit is mainly distributed out. Sheng Siong 4Q’16 This is cut and paste Key Notes Dividends “Propose a final cash dividend of 1.85 cents per share, taking our total dividend for FY2016...

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Cory Diary : LMIR TRUST Report Q4 2016

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...

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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 inter-connected. DPU The Managers can do share placement, issue rights, increase borrowing but at the end of the day is how much Dividends Distributed per Share/Unit. An increasing DPU is...

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Cory Diary : 2017 Chicken Out

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 with some Ang Pao money for the year. The XIRR is 82% because I achieved $382 profits within the month...

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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. Management has stated moving forward to focus sustainability of the DPU. I guess that will be the benchmark. Assuming Stock market tank, the maximum capital loss price...

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Cory Diary : Frasers Centrepoint Trust 1c17

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 next report. Gearing at 29.7% and the weighted average debt maturity was 2.6 years. The all-in average cost of borrowings in 1Q17 was 2.1%. FCT has approximately 56% of its borrowings on fixed or...

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Cory Diary : Financial Updates 20170121

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 for another decade more. I find this chart fascinating because I am curious how net worth chart looks like in data over a long period. There is more...

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Cory Diary : United States of America

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 in it that, it truly represent the world nation races. It is no longer the white America despite they still form the largest proportion. The...

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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 childhood I have no concept about saving.Upon adolescent, this comes to me naturally about spending what I have but there...

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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 scenario for Singapore.Every year I have an investment plan for next. This year is different. I have yet thought through. I need to read and travel more to think...

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Cory Diary : Sabana Reit and $100, 000

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 miss. Started with reducing exposure and then a complete cut loss. From the tip of 1.37 top price, my final cut loss is at 1.055. That’s – 22% which...

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