Author: CoryLogics

Cory Diary : Equity Dividends 2016 Q2

Still in the atmosphere of Brexit, market is roaring back. So much on the fallout !At the same time Telco has a good run with talks on the 4th Telco viability. Seems like everyone has forgotten about the slow growth of major economies. True to my prediction, it is exciting time ! Year to date (Q2 ’16) I have collected $14,851. This bring my cumulative dividends since Year 2005 to $162,679. There will be challenge beating $31,169 dividends registered in 2015 due to I have taken profits on a number of counters and with more to come if the...

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Cory Diary : Reading UOB Bank First Quarter 2016

UOB Stock Price 8th July ’16 : $18.15 since the low of $16.81 early this year and high of $25 last year. That’s +7.4% from bottom and -25% respectively from top. That’s a wide range of pricing so what’s are the fundamental change during this period ?UOB First Quarter 2016 Let start with loans and operating performance by Country information. What I find interesting is Greater China information which records S$28 M profit reduction. Indonesia registers strong profit growth which maybe at a huge price which i will come later. Gross Loans Operating Profits Non-Performing Loans (NPL) 1.4% Past...

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Cory Diary : Read up on Retirement

The whole idea of Investment is so that we have more money. People who say they don’t probably already have enough. That’s the reality unless we trying trying to poke holes into exceptions.Instead of re-inventing the wheel I should tap on other brains. There are plenty strong logics out there as anonymous I like to share. Here you are. Cannot imagine that after working hard for 30 – 35 years, you would want to cut back everything and live like a hermit upon retirement? Retirement is a time to take back your life and live! Do the things you...

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Cory Diary : Preference Shares Viability

Preference Shares investment only make senses if the company payment is sustainable. This is an important logic. And the compensation amount varies within this defined scope of risk. For Bank Preference Shares, dividend payment to common share holder is a norm especially in our local situation and where bank stability is utmost important. Therefore PS holder has much less risk to accept non-cumulative condition. For others, cumulative criteria will be required. Nevertheless we need to understand the risk in both. In the uneventful situation of corporate bankruptcy, even though PS holders rank higher than common shares, in reality i...

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Cory Diary : Portfolio Design Re-Make

Everyone has problems they need to handle regardless big or small. I have my own set of issues too. One of my nudging problem is the shower head. Yes ! Minor things do frustrate the life out of me in a slower ways but they do. The shower head is always slanted at an angle and I have to stand shower at an angle. I could not have it friction locked properly for weeks. Finally one day something strikes me to act on it with a solution. I rotate the shower head providing a counter torgue to the piping...

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Cory Diary : Last day of week after Brexit

After 2 days of dramatics drops across the world after Brexit, the market has rebounded and returned to normal. It has proven that many doom day experts are just mere mortals. And monkey can decides as well.As of today XIRR YTD hits 5.2%. (Performance from  Jan’16 till to date ). It would have been much better have I not mitigate my exposure taking profits on some counters. Meaning, do nothing. Nevertheless is still a relieve nothing worst has happened which we all should appreciate. I have taken the opportunity to buy back CDL and acquired more bank shares. And...

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Cory Diary : Britain voted to be out of EU

Could not comprehend why is it so bad about it. In fact I did not even put it as something to watch that can cause another Lehman moment. Some News commentators said is a Black Swan Event which i disagree. I do not think is hard at all for BreExit vote as below pic but stock market sentiment cannot be under estimated. So I took profit in CDL which has large exposure in GB prior to the vote. I did not anticipate significant impact to others. Dow drops more than 600 pt. My feeling now is there will be...

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Cory Diary : What Expenses to cut ?

Expenses have been talked about for some time among bloggers. We know saving is important. Ability to grow our income is even better. Taking care of our owns family cannot be forsaken. Neither can we do away with insurance. What if I have multiple or huge loans and I got retrenched and I do not want it to be a life style changing event ? Here i will go about it. Total up my lifestyle expenses, work out the cash flow and finally filtered out the options. EXPENSES Monthly Expenses Parent Allowances : 600 ( at minimum ) Hospitalization...

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Cory Diary : FRASERS CENTREPOINT TRUST

Home Work Noticed a significant drop in FCT yesterday. This caught my eyes as I have been waiting for a good time to re-enter. A check in regular sources have no obvious news. Some retailers attempt to collect. There is a rather large selloff after trading hours at $1.89 which appear to be from a single entity. Do note some time back there is news of CEO change. Previous Trades May have to click the picture below to see the details. Recorded rationale on the trades that time. I like the Mall Business at suburb which rental is not...

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Cory Diary : Misconception in numbers

Prefer penny stocks because i can buy more lots ?While it may makes speculative senses that penny stock may have higher price variations by percentage term, buying large priced stocks only means fewer lots. The returns from penny or large cap stock for same percentage amount change will still yield same absolute returns mathematically. Do highest dividend pays ? A stock price $1 with 5% dividends will distribute 5 cents. To achieve 10 cents return in a year few things can happen. a. Company has higher returns increasing dividend to 10% b. Company made a lost, stock price drop...

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Cory Diary : Hyflux Preference Shares

Notes on my investigation on Hyflux recently listed Preference Share.Preference Share (PS) The recent Hyflux Preference Share is listed in SGX. Therefore is similar to buying equity through your brokerage. The returns is like a bond in the sense we get fixed returns. And is distributed to your bank account if you have setup like your dividends. The key difference is Hyflux need not have to pay those dividends if they are in bad situation for example in financial distress which unlike bond will result in default. Why Hyflux issues PS ? Here the reasons I believe. 1. Need...

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Cory Diary : Cory Portfolio 2016 0607

Portfolio Managementhas been my key strategy for a long time which includes Safe Bonds and Preference Shares. I am able to stomach losses and keep me sane. Most importantly I have the mental coolness to make the right decision of Re-Balancing my stocks. This is another key strategy in my investment plan. The recent years strategic addition which I mentioned a few times in my earlier notes are the Dividend Strategy introduction and inclusion of STI index. On the left, is my current proportion of my asset. As you can see, my Cash and FD are still a little...

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Cory Diary: Net Worth, Equity and Market Outlook

Net Worth Rather conservative in my money so far in 2016 mainly due to the poorer economic expectation. However I am not entirely convince there will be a major crisis in the scale of 2008 Financial Crisis that requires me to pull the plug in my investments. Trending up much YTD (Year to date) with the increase due to higher cash position not allocated to investment. Chart is rather flat for past one and half year due to larger increase in property expenses,  spending to support a better Lifestyle ( yeah ! ), China Market Crash ( Shock !...

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Cory Diary : Dividend Investing ( Cap Rate, Convertible Bond and Capital Distribution )

This is my 2nd part on the topic of Dividend Investing. This week note is about Cap Rate, Convertible Bond and Capital Distribution which I did a quick exploration from recent reading of Suntec Reit 1QFY16 Results. Key Highlights 1. Completion of Suntec City Phase 3 and Suntec City Office 2. Higher distribution per unit of 2.371 cents which was 6.3% higher than 1Q FY15 3.Capital distribution of S$4.0 million from the sale proceeds of Park Mall. More cut and Paste from previous announcements that I manage to find. “consideration of S$411.8 million (the “Divestment”),” “Park Mall Investment Limited...

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Cory Diary : Dividend Investing ( DPU – Dividend Per Unit )

Done some home work last weekend on Soilbuild Business Space Reit. Quick glanced through many of the quarterly reports while trying to decipher the recent results given by a few bloggers. Reason i am working on this is because of it’s high dividend yield and past quarters stability.There is mention about increasing absolute income for distribution and the annualized dividend is up. Occupancy fell and the current DPU is down 4.7%.I did found there’s a a share placement prior year for a property resulting the total units differ between the two reported quarters. To get us into the right...

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