Author: Creed's Cash Flow

In Search of a REIT: CapitaLand Commercial Trust (C61U) – Is It Worth It?

So I’ve been satisfied with how my chosen REITS (Keppel DC & Keppel) have been performing, and I’ve been looking to add a little diversification to my portfolio. I’m in the mood for something steady, sustainable, and resilient, so I thought I would focus on a couple of other REITs. As per usual, I will be conducting a quick analysis to determine if a particular REIT is a decent investment opportunity for me. Naturally, I thought I would work my way down the list, and the name right at the top was CapitaLand Commercial Trust (C61U), touted as the “first and...

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Re-examining Singtel (Z74): Two Years Later

Hey, guys – it’s been a while. I’ve been busy with personal consulting projects, so I haven’t had a chance to take a proper look at my investment portfolio. I felt there was no better way to start than by re-analyzing Singtel (Z74), a company that I analyzed in May of 2017. The aim here is to examine how the company’s circumstances have changed after two years. What I’m Hoping To See My portfolio is mostly geared towards the ‘Smart Nation’ idea – this means I am interested in companies that have a strong focus on technology and data...

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Will OCBC Reclaim $12?

Hey, everyone. It’s been a long time since I’ve posted – I apologize, I’ve been busy with personal projects and school. After the recent market dip, I received a few queries regarding local bank stocks and their viability. I’ve always thought about adding a bank stock to my portfolio for the purposes of diversification, but never got around to it. So I thought today would be a good time to take a look at OCBC Bank (O39). A couple of weeks ago, the US Federal Reserve announced a hike to its benchmark interest rate – an increase to 2.25% from...

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Neopets: On The Importance Of Modernization

It’s been a while since I last posted – adjusting to a post-grad schedule has kept me quite occupied. I just wanted to pen something that arose out of a small nostalgia trip: Neopets, and how the former entertainment giant is a stark reminder of how important it is to constantly upgrade yourself, and to keep in touch with modern trends in order to stay competitive and relevant. I wanted to share this because I felt that this topic bore plenty of relevance to all my readers, both old and young. This especially goes out to my readers who...

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My Dive Into Cryptocurrency – Experiencing My First Market Drop

Ah, cryptocurrency – the “magic internet money.” I wanted to get this post out before Christmas. For the uninitiated, cryptocurrency is generally a decentralized digital currency. ‘Decentralization’ means that no central bank, administrator, or governing body has authority over this currency. You guys probably have heard of Bitcoin and Ethereum to some extent; YouTube has ads everywhere, one of your friends probably preaches about it on their Facebook feed, and certain news outlets report price movements daily. Nowadays, plenty of coins exist on the market to be bought and sold at will – each with their own purpose and...

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TENCENT – Is It Done Yet?

When I examined Singapore Press Holding’s sunset industry in print media, I was given a stark reminder that we need to be forward-looking, and to always look for new investment opportunities wherever they arise. I’ve been doing some reading on fintech, e-wallets, and blockchain technology – this could prove to be a huge area for future growth. This brings us to Chinese tech giant Tencent Holdings (0700.HK). Tencent is the mastermind behind WeChat, and their core revenue comes from various holdings including video gaming, digital sales, online advertising, and electronic payment. Various major Tencent subsidiaries have decent synergy, allowing...

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I Took 2 Weeks’ Leave to Day Trade in July – What I Learned

I’ve been radio silent since the NetLink Trust IPO. Work piled up, and things happened in my personal life that left me very little time for recreation, let alone writing. However, I thought I’d take the time to pen something I experienced in mid-to-late July: day-trading on our local SGX. I’d always been curious about the idea of day-trading, and the allure of working from home and being your own boss is always undeniable. Of course, I’ve also heard the horror stories of traders being burned because of bad calls or unstable companies. It is also commonly stated that...

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So, What’s Going On With NetLink Trust?

This is gonna be a LONG one, ladies and gentlemen – subscriptions for the Netlink Trust IPO are opening next week. As it stands, Singtel stands to reap a potential $2+ billion SGD windfall from divestment of 75% of their Netlink Trust holdings. Now, the lowdown – Netlink Trust currently owns and maintains a fibre network that supports roughly 1.1 million residences in Singapore, with installation points deployed in another 200,000 more residences (representing more than 80% of residential homes in Singapore). The Trust also maintains has 38,500 non-residential connections.  This network was developed with fiscal assistance from the...

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More on Singtel – Collaboration with AliBaba

This is a follow-up post to my Singtel post from last month. I decided to park some cash in Singtel after their results came out on May 18. As expected, there was an overall drop in net earnings and group revenue – overall group revenue dipped 1.5% from the previ=ous year, down to S$ 16.71 billion. Net profit dipped only slightly in comparison, down 0.5% to S$ 3.85 billion. Share prices dipped slightly in the following week, but stayed above 3.70, and eventually recovered past 3.80 at one point. Source: Google Finance I re-invested with an eye towards data and...

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What’s Up with SPH? Based off a Whatsapp Convo

Singapore Press Holdings (SPH)[T39] has not been on my watchlist for a long time. My last purchase of SPH was at the start of 2016, when the market dipped as a whole. I eventually sold off my SPH holdings a few months later, and never bought back because I geared my portfolio towards the ‘Smart Nation’ idea. Recently, with news that the ex-NOL Chief Executive Officer Mr. Ng Yat Chung would be stepping up to take the reins, I had a Whatsapp session with a couple of close friends. They had received SPH shares as birthday gifts from family...

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So What About Singtel? (Z74)

I had a few lots of Singtel (Z74) in my portfolio a while ago, which I liquidated for a small profit when I wanted to park my money somewhere else. I have a habit of re-examining my past holdings to see if there is good cause for re-investment. I’ve already pumped some more money into ST Engineering. Now, I have my sights set on Singtel once again. Singtel’s share price dipped in December of 2016 (alongside competitors M1 and Starhub) as TPG Telecom won the bid to become Singapore’s 4th Telco. After decent 3Q results, which saw net profit climb 4%...

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Warchest is Ready – Taking Aim at SGX (S68)

With my warchest ready, I’ve been taking a look at Singapore Exchange [SGX] (S68) after talking with a friend from college (his name is Kean, and there is a link to his own blog in my links section). This counter is relatively ignored among my peers, but I figure increased trading volume from the recent bull-run could benefit SGX, especially if good sentiment persists throughout 2017. FY2016 results demonstrated a 5% increase in revenue, from S$779 million to S$818 million, mainly driven by SGX’s Derivatives segment (from an increase in volume in Iron Ore contracts and SGX FTSE China A50...

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ST Engineering – A Look at the Future

ST Engineering (S63) has been a part of my dividend portfolio for a while, ever since I picked it up early last year. I have a tendency to re-evaluate my dividend stocks/REITs every year or so – I want to see if I should take profit and park my money somewhere else, or if I should continue having them in my portfolio. ST Engineering closed at 3.67 on Tuesday, and dividends are upcoming in April. The company, as a whole, did well in 2016. FY16 revenue improved by 6%, from 6.33 billion to 6.68 billion, with the main contribution...

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Keppel REIT – Lower DPU, but Lower Potential?

A visitor to this blog asked about Keppel REIT (K71U) in the comments section of my Keppel DC REIT post. I’d been focusing on Keppel DC at the time, but I told him that I thought it would be a good time to enter Keppel REIT if the price dropped under $1.00. Following that, I began taking a serious look at Keppel REIT. Keppel REIT has ownership of commercial properties in Singapore and Australia. They have stated in their FY2016 earnings release that 2016 was a “difficult year for the Singapore office market given the oncoming supply of office...

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Is SembCorp Marine a potential gold-mine or ticking time-bomb?

Which way, oh which way, will the oil price go? SembCorp Marine’s (S51) stock price languished in 2016 along with KeppelCorp’s, as oil prices were driven down at the beginning of the year by severe global overproduction. SembCorp traded above $3.00 per share at the start of 2015. In early 2016, prices fell as low as $1.32 per share (demonstrating a 56% drop in a year), as oil prices plummeted. SembCorp suffered as contracts for rig-building dried up, and was forced to cut staff in the second half of 2016 as earnings dipped. The company, however, had an optimistic outlook:...

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