Author: Invest For Yourself

Index Portfolio Delivering its Value

Some of you who have started following my blog earlier may remember that I have an Index Portfolio (modeled after a permanent portfolio concept) alongside my Growth/Income Portfolio. It has been a long time since I last spoke about it, so I thought I will do it today. While I was actively managing (aka trading) my growth/income portfolio, I have not neglected my index portfolio. In fact, as of today, the value of my index portfolio has doubled (+100%) in value mainly through capital injection from monthly purchases of ETFs on SGX and little selling in between. Over the...

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6% Yield Portfolio

With the last company on my watchlist reporting its quarterly results yesterday, I can wind up my dividend collection for the year already. I have managed to hit 6% yield from my portfolio. This outperforms my expectation of a 5% yield, with the help of some margin trading. While I am happy with this, the sharp decline in the capital value of my holdings of late means that if nothing change from now to end of the year, I will be looking at a loss of ~ 6%. It is extremely painful to know that after a year of...

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AsianPayTV … I fainted!

When I saw the sharp drop in Asian Pay TV Trust (APTT) share price last night, I fainted. Boy, it was a whopping 50% drop in its share price overnight. Checking it out, this drop was purely in response to their latest dividend guidance of 1.2 cents annually for 2019 and 2020. This “1.2 cents” is even less that the 1.625 cents dividend that they are paying every quarter now. Looks like their cash situation and business outlook are much worse that what most people have imagined. At 1.2 cents annual dividend and with a share price of only...

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Patience with Accordia Golf

Oops, in the midst of all the excitement around dividends, I forgot to update my Q4 2018 Dividend tracking table. I apologise for this tardiness especially if you plan to use it for your own dividend tracking. I aim to do better next quarter. A “hefty” dividend week has come and left but thankfully, it left no major surprises. Singtel, Frasers Property, SATS, Starhub, OUE Hospitality Trust delivered on expectations. Despite that, the share price of all these companies hardly moved and in fact, many declined. Investors are probably concerned whether they can continue to maintain this level of...

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Keenly Await Singtel Dividends

Singtel is my biggest holding. It will release its first half results and interim dividend this coming Thursday. I expect Singtel to follow through on its commitments and declare 6.8 cents per share of dividends, or 2.1% yield this time, in support of the expected total dividend of 17.5 cents per share (or 5.5% yield) for the year. I will be contented with this yield and if it declares more, it will be a bonus. On Friday, I will look forward to Frasers Property full year results release. It is among the Top-5 in my portfolio and thus another...

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Maximising Value from Your SSB Portfolio

If you have spare cash today, I won’t hesitate to recommend SG Saving Bond (SSB) to you. It’s the best investment product for Singaporeans out there now! The first year interest rate of the Dec’18 issue is 1.89%. Solid, right? I believe most of you are familiar with it. If not, you can click hereto find out more. For many people, buying bonds is a “buy and forget” experience. Unless the issuer goes bust, we will definitely receive the interests at the coupon rate that we bought the bond and at fixed interval regardless of the market condition. And at...

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Dangerous to buy based on yield

When I mentioned that Capitaland Retail China’s 7.7% yield was attractive in my previous post, one reader rightly pointed out that it is “dangerous to buy based on yield”. I cannot agree more. I hope NONE of you will go away with this idea after reading my blog that we should only look at dividend yield to invest and nothing else. There are many great companies out there like Apple, Microsoft who are not having high dividend yield, YET if you have invested in them at a right price, you would have been rewarded very handsomely. Dividend is Cash, Real...

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High 10 with CRCT & Starhill Global

It is great to see STI rebounding today after a few days of gloomy mood. I am also happy to know of CRCT and Starhill Global quarter results yesterday. Although CRCT did not distribute dividends (as expected), I am very pleased that its operational performance has been good and it should support a 7.7% yield (@ a share price of $1.36). A picture beats a thousand words, so, I have extracted the operational performance slide from CRCT presentation. See for yourself 🙂 If CRCT weakens further, I will accumulate more. I am currently quite exposed already so the safety...

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Capitaland Retail China 7.7% Yield is Attractive

Dividend yield of Capitaland Retail China Trust (CRCT) is currently 7.7%, based on last 12 months trailing dividend distribution. I find this highly attractive as it is even higher than the 5.9% – 7.6% yield range that it has historically traded at. CRCT’s share price closed at $1.36 on Friday. We have to go back to 2016 to find the last time CRCT share price was at this level. If we look at the price trend of CRCT in recent years (i.e. 2014 onwards), the current price level seems to be the support and it doesn’t go down much...

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A painful week thankfully softened by the reliable dividends from the S-Reits’ Old Guards

It is another painful week for equity investors all around the world. For local investors, we witnessed the STI going below the 3000 points psychological support to close the week at 2972 points, 3% down from the previous week. This mirrored the S&P 500 index, which dropped 4%. What was scarier to me was the volatility in the markets in the last two weeks.  Higher volatility means higher risk because the valuation of our assets can reduce drastically overnight without warning. I could imagine that it will take a lot more courage for any new investors to even parting...

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An “Ok” dividend week, the real show is this week (and starring MapleTree)

Out of the 6 companies on my watchlist that declared dividends last week, 3 met my expectations and 3 didn’t. Hence, I called it an “Ok” dividend week. Amongst them, SGX was the bright spot, springing a surprise by raising its first quarter dividend from 5 cents to 7.5 cents. I am just wondering what SGX objective is. While I am hoping that this is a signal that SGX will raise its dividend distribution, my practical mind tells me that it is probably not. Their 30 cents dividend for last year was the highest that it has ever declared. So, it...

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Oops, Keppel Reit and SPH disappoint …

What a letdown ???? Both Keppel Reit and SPH disappoint in their dividend announcements. Keppel Reit just declared DPU of 1.36 cents for this quarter. This is lower than the DPU last quarter (1.42 cents) and also the same quarter a year ago (1.40 cents). Furthermore, I find it interesting that Keppel Reit spent ~ $6 Mln cash to purchase back 5.3 million issued units and then cancel them all in this quarter. As this company is a Reit, I cannot understand their rationale for doing so. I am thinking that it might be better for them to distribute...

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The Keppel showtime

The attention for this week’s earning reporting will be on the Keppel group of companies. However, as it is the 3rd quarter of their FY, only Keppel Reit is expected to declare dividend. My expectation for this quarter dividend from Keppel Reit is 1.42 cents/share, similar to Q1 and Q2. The annualised yield based on $1.12 per share will be 5.0%. Well, it is still something for me to look forward to. Although the rest are not declaring dividend, I am still interested to hear about the news/results from Keppel Corp and Keppel DC Reit. Keppel Corp => I am...

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SPH Reit’s Dividend, the only silver lining in a bloody dayq

What a bloody day at the local and regional markets! Everything seems to be in the red though we saw some rebound close to end of the day. So, what did you do on this bloodshed day? I sold and bought …. LOL. Sold my M1 and bought DBS when it dropped 3%. Been eyeing it for a while and finally going for the kill today. I am betting that DBS will keep its promise on the amount of dividend that they said that they will distribute going forward. Finger crossed! The only silver lining is SPH Reit, always...

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SPH Reit – First to Go

The Q4 earnings season reporting and dividend distribution will kick off tomorrow with SPH Reit taking the lead. I don’t expect any surprise. The loss of income support to Clementi Mall may have some impact but it should be cushioned by the new earning stream from Railway Mall. Paragon should be ok. I expect the DPU to be 1.3 cents / share. With every SPH Reit results announcement, the anticipation is always on whether SPH will offload Seletar Mall to SPH Reit. The latter has low gearing and can easily purchase it via debt if it wants. I got...

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