Author: CoryLogics

Cory Diary : AIMS AMP CAPITAL INDUSTRIAL REIT

I have love-hate relationship with this reit. This counter has almost 8% yield returns but despite my dividends strategy I do not makes much from it that I should in my past trades. In fact, due to my skepticism with it, I always buy and sell the wrong time. And the problem lies with confidence and model of this company. Trying to time AA REIT is really a bad move. Not understanding the future plan of the REIT result in diminish confidence. And not absorbing the dividend strategy concept is another huge mistake. AA Reit just announced their 4Q...

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Cory Diary : Quality of Life

I often seen posts on best place to retire. Be it daily necessity, bills or health care. One of the primary reason is cost. Frankly I think this people get it all wrong. The Best Place to retire is where Love is. Where friends are. Where Home is. Going to faraway land, cheap and lower standard of hygiene … that’s escapism. Out of no choice. Desperation. Worst still, alone. Sorry if I poke too hard. Is a poke anyway. Greener pasture is always on the other side till you are on the other side. Of course there are always...

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Cory Diary : CAPITALAND MALL TRUST 1Q17 ( CMT )

When I last blogged about CMT in 28th Jan’17, the stock price on 31st Jan’17 was $1.94. For people who are interested can refer to earlier blog article on CMT 4Q16 HERE. Since then, what has happened ?There were no distribution since we just Ex-div in 26th Jan’17. Stock price $2.01 as of today 20th Apr’17. Gain of 3.6%. CMT posts today 20th Apr’17 after trading hours, stable 1Q 2017 distribution per unit of 2.73 cents. Achieves higher distributable income despite closure of Funan for redevelopment. Result as below table. As at 31 March 2017, CMT’s average cost of debt...

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Cory Diary : Job Replacement

Recently one of my staff move on. I am happy for her. Truly. What interesting is after. I need to request for replacement. What surprise me is that my business HR want me to justify why I need replacement which to me suppose to be routine re-fill of position. Mind you, the company is doing well. So in my head is why are we spending time doing this needless exercise. We have hundreds/thousands of employees. As long is within business allocation of headcounts, why are we doing such. After a month, the replacement request got approved. If every business...

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Cory Diary : Stock Market Volatility 1997 – 2016

The following information is plucked from various sources in the internet and summarized. I am doing that in view of recent North Korea crisis and Syria conflict in Trump era. I do not think we reach market crisis level yet. What I found is that 50% dropped is a major number observed when there are major crisis. The lesser ones are mere correction around 15% range. Stock Market Crisis The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. The crisis...

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Cory Diary : Dividend Play – Part 2

Dividend Play essentially is about investing in business that are driven to return profits to shareholders. Management naturally will be driven to efficient their operation on what they have after. A strong management has the ability to do that consistently over time. Constantly churning out dividends to shareholders and making use of what has been left to continue to optimize and grow their returns.A weak manager can constantly ask for money to grow the empire. Many can to fatten their pocket while reducing shareholder returns. The worst situation is when management has too much cash and wasted on lousy...

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Cory Diary : Million dollar home

Few people would have remembered, I blogged about $1M home goal few years ago. To be exact is 4 years ago as per link here. Happy or sad to some, depending on each people felt level, i got mine.  If we include inflation over this period maybe in current dollar term would be 10% lesser in purchasing power. What this mean is Million Dollar home is just a matter of time. The plan for this home will be for my family for the initial years as I am often based oversea.The reason I like about this property is due...

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Cory Diary : Dividend Play and Timing

Let’s take a REIT Stock which gives 7% dividends annually at current $1 tag. Assuming there is no major “calamity”, that’s 7 cents annually. Interests up few points during the year, how much is REIT impacted ?1. Borrowing are secured across few years to decade contract. Some on annual basis. Some on fixed rate. Some Reits hedge their borrowing too. 2. Increase in borrowing cost can be passed down to tenants. In Retail is about 3 years contract. And typically contract renewal are staggers across the periods. 3. Some Reits have internal mechanism where rent escalation is tag to...

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Cory Diary : The Lazy, The Dumb, The Struggle and The Greedy

Singapore is one of unique in the world where we have thousands of thousands in millionaire bracket without need to take risk in setting up business ourselves to be one. They are untapped potentials that financial funds always try to ZAP. Is not unheard of where hundreds of thousands HeartLanders were “Scammed” by Bank RMs, Insurance Agents, Property Agents, Business Investment or purely true scams. “The Lazy” – those who do nothing. They leave their cash in cash or fixed deposits. The most some guaranteed “fixed deposit”. Those that are Truly guaranteed. Not those lehman or mini-bond … Many...

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Cory Diary : You get what you measured – Cory Sample Portfolio Stock List

When I first stared investment in stock market, we likely deal with one or two stocks. The idea is to get a feel of stock trading. The mechanics. The excitement. In a Bull market, we will see proportional gigantic returns. Stock picks are probably Tips or from Newspaper reading.   After I manage to save sizable sum for larger bets, this increase my stock punch or have a wider stock selections. Still can’t bear any significant losses. Soon the start of reading Annual Report. This phase last the longest.   As the fund continues to grow, I look for...

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Cory Diary : Multiple Rows Data in Excel Program – One of the Greatest Invention to the Investment World

Excel helps us saved huge time in tracking and strategies our investment. Some people do not use them and sometimes demeans it as manual and unprofessional. I know of many great computer companies today still use Excel in majority of their daily work. Without it will be horrific. Human kind probably will be step back 30 years in advancement.Today I learned a new trick on creating chart with multiple records on different rows just by playing around with it. This is how friendly Excel can be even for a novice. Table 1 : Below an actual Dividends Multi-Year Tracker...

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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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