Author: Investment Income for Life

Investment Portfolio Updates- 1 Feb 2019 (Portfolio Yoyo With Market Bouncing Up And Down)

Stock Market Bounce Back Strongly The stock market bounced back strongly during January of 2019. Even I was surprised by the wild swing in stock market valuation in just 1 month. My portfolio including cash rallied from S$405K (based on what I documented for 31 Dec 2018) to S$445K– an increase of almost S$40K (S$32K capital gain from favorable stock market volatility and S$8K capital injection in Jan’19) which brings the overall investment back to profitability.  (i) Thai Beverage performed extremely well in January 2019 and it helped to offset the previous 2 months huge plunge in value for my First...

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Budget 2019 Goodies- General Election Singapore Also Coming In This Year?

I am looking forward to Finance Minister Heng Swee Keat’s announcement of the 2019 Singapore Budget on 18th Feb 2019 after the Lunar New Year. It was also recently announced that the registers of electors will be opened for public inspection this month. A lot of people have been speculating that the next General Election may be held in 2019 itself even though it is only due on 15 January 2021.  Maybe there will be Ang Pows given to all Citizens during the budget announcement this...

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Cross Island Line First Phase Launch And Private Properties Nearby Snapped Up from the Excitment

The Land Transport Authority (“LTA”) recently announced the 1st Phase launch of the Cross Island Line. 12 stations will be constructed initially. Soon after the news release by LTA, I got a few messages from property agent informing me that at least 15 units of Affinity at Serangoon were sold following the news. The Affinity at Serangoon was priced at an average of S$1,575psf. It turns out that the condo is just 350 meters away from the new Serangoon North Cross Island Line MRT station. The agent told me not to miss out and buy one as soon as...

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Fu Yu Corp- Good Performance For FY2018 And Sustainability Of 8% Dividend Yield.

I am looking forward to February 2019. Well, not just because of the Lunar New Year but also because I am anticipating the release of the full year results of Fu Corp for FYQ4 2018 and its entire year financial performance towards the end of February 2019. I have previously written on Fu Yu Corp being a dividend superhero. It virtually holds no bank borrowings on its statement of financial position and dishes out approximately 8% dividend yield. The revenue and net profit attributable to shareholders for the last 2 quarters have been shooting up. I have always wondered...

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Frasers Commercial Trust Roared Back Into Life With News of Google In Talks For 400,000sqft of Space At Alexandra Technopark

Fraser Commercial Trust(“FCT”) bounced back strongly this week with news that Google is on an expansion drive in Singapore and in talks with Fraser Commercial Trust for 400,000sqft of space at Alexandra Technopark. Its unit price which used to hover around S$1.36 to S$1.40 for the past 2 months shot up yesterday and even hit S$1.48 at its highest point for the week. It eventually closed off at S$1.45 as at 18 Jan 2019, Friday. Completion of AEI at Alexandra Technopark and Google Expansion into Singapore Alexandra Technopark is a high tech business space campus located at the prominent...

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Health Supplements Better or Spend Money On Insurance Coverages Better?

Since my monthly earning is limited, I sometimes ponder over the question of whether I have been spending too much money sustaining insurance premiums from all the policies that I have purchased for myself as well as for the entire family. I like insurance which is the transfer of risk to insurer for protection. However, insurance and the protection can only bring benefit once certain conditions are triggered which means the unfortunate event already happened. The money does make life easier for the family but it does not buy you any additional happiness at that juncture. Health supplements are also...

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Healthcare Stocks Are Resilient In Earnings? Fact or Myth?

There is an old saying that gets repeated like a broken old record that healthcare-related stocks are defensive in nature and are recession proof. This is mainly because of (i) the aging population which leads to more demand for medical services or medical drugs as well as (ii) inelastic demand as in if one falls sick, one will still need to visit a doctor for treatment regardless of whether the state of the economy is good or in the doldrums. I think that the above beliefs are mere fallacies.  I have always subscribed to the belief that what the eyes...

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The Enigmatic Case of Sing Medical Group- More Money Earned Lead to Lower Share Price.

Singapore Medical Group (“SMG”) share prices has fallen by a whopping 44.1% from its peak of S$0.715 on 17 July 2017 to only S$0.400 as at 8 January 2019. This is despite Q3 2018 YTD revenue growth of 27.8% and net profit after tax growth of 66.7% relative to FY2017 Q3 YTD. What is even more astonishing is that the share price has languished albeit the explosive growth of revenue and net profit attributable to shareholders over the past 3 years. Taking into account the previous rights issue at S$0.48 on 4 July 2018, investors who bought in at...

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The Art Of Bootlicking- Are You Thick Skinned Enough To Do It?

I am a bean counter by profession. Many people think that most bean counters are introvert in nature and do not like interacting with others. So bean counters generally lose out in terms of knowing how to please their boss. Since ancient China time, all court officials swamped around the Emperor like bees to honey. Even wise Emperors such as Qian Long (1711-1799) from the Qing Dynasty, also favored those bootlickers such as He Shen who was notorious for being the most corrupted official in China history. Even in modern times, such practices are still in abundance. You will see...

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Investment Portfolio Updates- 31 Dec 2018 (Dawn before Global Recession 2019?)

As I have mentioned previously, I am having a strangely familiar vibe similar to the one before the 2008 Global Financial Crisis with the frequent dead cat bounce at the stock market. Investors and consumers sentiment in the economic situation can change very fast and lead to drying up of economic activities with the blink of an eye. Other worrying signs such as low oil prices and narrowing of the 2 year US Treasuries bond yield against long-term 10 year US Treasuries bond yield (indicating the formation of the infamous “Inverse Yield” curve) signs have appeared. Once we entered into...

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Parc Botannia Review- The Condo Next To Jalan Kayu Food Heaven

Everyone in Singapore would have heard of the food heaven at Jalan Kayu which is home to the famous Thasevi roti prata. A branch of Blanco Prawn Noodle House is also located there and full of queuing customers. Have you guys heard of the famous Beach Road Prawn Noodle? Blanco and Beach Road Prawn Noodles are actually restaurants that are set up by the same Lee family (please read the history here by Dr Leslie Tay-Ï Eat I Shoot I Post”). The prawn noodle at Jalan Kayu is really superb and is a must try for all foodie! Ok, back...

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SPH REIT Still No Fate To Be Together With The Seletar Mall- But Suprised All With Australian Shopping Mall Acquisition

Many shareholders of SPH REIT have lamented over the lack of M&A for expansion. Ever since its maiden IPO, SPH REIT only had Paragon and The Clementi Mall in its portfolio. During the last AGM held on November 30, 2018, the question of why only a tiny strip of Mall, namely, The Rail Mall was acquired during the current financial year was raised. The answers given as per below screenshot on the usual rhetoric response that the asset acquired must be good quality, well located with a minimum 6% yield similar to the existing 2 malls. You can imagine the disappointment...

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Jui Residences Review- Inspired by Heritage, Designed for Quality Living

Jui Residences is a freehold development that sits on the former National Aerated Water Company site. I used to study in a school at Geylang Bahru and as I walked to the bus stop home along Serangoon Road, it became a daily ritual to always do a stopover at National Aearatd Plant and buy Kickapoo from a vending machine near its main gate. It dispensed Kickapoo cheaply at a mere 10 cents per cup and was very popular with a lot of school kids then. As a result, this development held very fond memories for me. Strangely, the show flat...

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Jui Residences Review- Inspired by Heritage, Designed for Quality Living

Jui Residences is a freehold development that sits on the former National Aerated Water Company site. I used to study in a school at Geylang Bahru and as I walked to the bus stop home along Serangoon Road, it became a daily ritual to always do a stopover at National Aerated Plant and buy Kickapoo from a vending machine near its main gate. It dispensed Kickapoo cheaply at a mere 10 cents per cup and was very popular with a lot of school kids then. As a result, this development held very fond memories for me.   Strangely, the show flat...

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Asian Pay TV Trust Meltdown- Is It A Good Buy At Current Price And Is It A Good Business?

Asian Pay TV Trust (APTT) unit price plummeted this week upon the announcement by their management team that they will be cutting dividends by 80%. This was a rude shock to many of their investors who were anticipating the dividend to be cut by half only. As a result, the unit price had a meltdown and dropped to S$0.15 during an all-time low on 14 November 2018 from the previous day closing price of S$0.315. Obviously, a lot of dividend yield-seeking investors are cursing and swearing at APTT. I also know of a case of an investor who bought...

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