Author: Invest For Yourself

A Bumper Week for Dividends

Next week will be a bumper week for dividends as many of the companies in my watchlist will release their quarterly earnings and declare dividends. Below is a table showing the companies and their earning release dates … I am looking forward to counting the amount of dividends that I can receive by end of this week. Have a great week ahead folks. Regards Warriortan 22-Apr Mapletree Industrial T Q4 LippoMall IR Q1 23-Apr Mapletree Commercial T Q4 Frasers Commercial T Q2 24-Apr Suntec Q1 Frasers Centrepoint T Q2 CapitaMall Q1 CapitaRetailChina Q1 AA Reit Q4 25-Apr SGX Q3...

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SG Bonds are worth considering too and are available now

If you are looking for risk free investment, you can consider Singapore Government Bond. Ever since, my first purchase in Jan – see here, I visit the MAS website of the Singapore Government Securities regularly to check for new issues. And guess what, 2 new issues are opened this week. One issue is the One Year Treasury Bill – BY19101A. Issue Date: 30 April 2019 Maturity Date: 30 April 2020 Minimum Denomination: $1000 Closing Date: 25 April 2019 Noon Can apply at our local banks’ ATM Coupon Rate depends on auction, for the last T-Bill that closed in Jan 2019, the...

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As much SSB as I can get

With a week to go, I evaluated the situation and decided that my tactic will be to apply for and hope to get as much of the May’19 Singapore Saving Bond (SSB) issue as possible. The reason is because I think the interest rate has peaked for the time being. Since I have some cash in my warchest lately due to some aggressive selling of equities, I will try to park them in SSB, the highest return investment product that is risk free in our local market. I believe interest rate has peaked for the time being because of...

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Amazing … CRCT dividend yield range has been consistent over the years

With a bit of time on hand this weekend, I went to collect the dividend yield data of Capitaland Retail China Trust (CRCT) by going through its annual reports in recent years. Below is a plot. As you can see, the “trading range” of the yield of CRCT has been very consistent over the years. Too consistent in my view. As you can see, the highest dividend yield for a particular year is about 7.6% while the lowest yield is about 6.0%. If you believe the reversion to mean and this graph, then you can predict the price range of...

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My confidence in SPH as a secured dividend company just took a hit

Q2 earnings reporting has already started. As usual, the first one off the block in my watchlist was SPH Reit and then followed by SPH. Being an income investor, the first thing that I looked out for was the dividend. SPH Reit declared DPU of 1.41 cents close to that of the same quarter last year while SPH declared 5.5 cents, down 0.5 cents (or almost 9%) from 6.0 cents for the same quarter. I am disappointed with SPH’s reduced dividend. Many other investors also took issue with this reduced dividend as SPH share price was sold down from...

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I don’t find OUE C offer compelling

I am vested in both OUE Commercial Trust (OUE C) and OUE Hospitality Trust (OUE H) But I am not taking up the offer by OUE C for OUE H as I don’t find the offer by the former compelling at all. First, it is not a cash buyout. I ended up holding more OUE C units, which I am already very exposed. Second, OUE C is not paying any premium over the OUE H’s latest Net Asset Value of 75 cents. Based on OUE C last traded price of 52 cents, it is only valuing OUE H at...

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SPH Reit DPU Steady as a Rock but Risk has also increased

The headline of SPH REIT’s press release last Friday read “SPH Reit 2Q 2019 Distribution Income 2.5% Higher Year-on-Year”. However, looking into the numbers, the cash distribution available was only up 1.0% and the DPU increase was even smaller at +0.4%. This is despite SPH Reit increasing the “cash payout ratio” from 96.8% last year to 97.5% this year. I think they upped the payout ratio because they wanted to maintain the DPU or show a small increase. Showing a negative DPU doesn’t help in shaping investors’ perception after they just did 2 quick acquisitions within months. Acquisition is...

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Revealing More of My Q1

I received a few questions following my last blog which sparked the inspiration to do another blog tonight. Some of you were interested in the size of my portfolios but sorry folks, I am not comfortable to reveal. It is not big enough – I am just a normal employee in a company that has been working for over 2 decades plus. It is not small but I still need to work very hard and hopefully use the remaining few years to accumulate more cash and build my portfolios to a suitable size to support a reliable passive income...

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Q1 has been a good quarter; I have benefited from it too and gameplan is on track

I like to first apologise to my subscribers for not being active in the last few weeks. Work and family matters have taken up a lot of my time and attention lately, leaving very little energy left in me to blog and share my thoughts. But time waits for no man and silently, first quarter of the year is coming to an end. For the market players and investors, Q1 has been a good quarter. I have benefited from it too. I managed to get ~ 8% gain in my investment portfolios as of today compared to end 2018....

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Q1 1.38%, On track for 5% Dividend Yield for the Year

Feb is often a happy month of festivity and full of “feel good” feeling with Chinese New Year and Valentines Day anchoring the celebratory mood. For most of us who are working, it is also a month to commit to your target and make plans to realise them by end of the year. Making plans is the easy part but realising them in this volatile and temperamental market is extremely challenging. But still like all self-improvement books will say, realising your dreams/targets all starts with making a plan. I did my plan towards F.I.R.E too and it is virtually the...

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My Top10 & Who Own Them Too

(Disclaimer: This is not an advertisement for StockCafe) I found another interesting feature on StockCafe yesterday while reviewing the performance of my portfolios. I can see how many fellow StockCafe subscribers actually own the same stock as me. Although it doesn’t influence me directly in my investment decisions, it provides another useful reference point and information for reflection. Thank you Evan (founder of StockCafe) Below is a summary of the results: My Top10 Holding Companies % of Stockcafe subscribers owning the same shares 1 Singtel 62% 2 Frasers Property 12% 3 Starhill Global 21% 4 Manulife Reit 8% 5 Q&M...

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Jan19: 5 Happys

Jan19 has been a great month for equity investors. All major markets made an incredible turnaround from the dismal Dec and put on a strong show within a month. STI gained about 5%, Hang Seng/China Shanghai indexes gained about 10% and US S&P-500 8%. Happy # 1 My overall portfolio outperformed STI slightly, @6.5% but it paled in comparison to Hang Seng or S&P 500. The size of the gain is expected as the bulk of my investments are largely here in Singapore. However, it did better than STI because I am relatively overweight on Reit than Banks (which...

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Bought My First SG Government Bond

I just applied for the 5 years SG Govt Bond that was opened for application. It is my first purchase of this investment instrument. The specific code for this bond is N519100A and you can click-through to get more details. It can be applied via ATM and Internet Banking and closes on 12 noon 29 Jan 2019. The coupon rate (interest rate) is not established yet and it will depend on how the rest of the investment community bids for it. Yes, you can state the interest rate that you want to lend money to our government (i.e. the...

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Busy busy 3 weeks :-)

I got feedback from some of you that my last post was too serious and heavy going. Once in a while lah … especially whenever I reflect on our country’s competitiveness, I get concerned. Anyway this blog is back to our personal finance and life. So last 3 weeks has been busy and busy and busy selling … LOL If you remember one of my new year resolutions was to reduce the number of trades this year but I am starting on the wrong foot already. The recent climb in the share prices for some of my non-core stocks...

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Is house a burden or an asset?

Yesterday, I had an insightful discussion with a very percipient person whom I admired a lot. After our discussion, I reflected on what he said about the issue of housing prices in Singapore and understood a deeper implication on why we need to keep our housing price affordable in Singapore. For many years, I used to think of a house as an asset. But as I gained more financial knowledge, my view changed. A thing can only be an asset if it generates income for you. I only have one house. It is a place where I seek shelter, sleep...

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