Author: My Sweet Retirement

My Personal Analysis of Keppel DC REIT

One REIT caught my attention recently. This is none other than Keppel DC REIT. While most REITs invest mainly in retail, industrial, commercial or hospitality, Keppel DC REIT is the first REIT that purely invests in data centres. Since it is the only data centre REIT, I decided to do some research and see if it is worth investing for long term dividends. Now, what is a Data Centre? One slide from Keppel DC REIT’s Investor Presentation says it all. Basically, it is a building with facilities that house servers and network equipment, supporting clients’ critical business operations. The...

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Capitaland Mall Trust Annual General Meeting (2018 Overview)

Capitaland Mall Trust has just held their Annual General Meeting (AGM) on 11th April 2019. Capitaland Mall Trust currently makes up 11% of my stock portfolio. Basically, they are covering an overview of 2018. FY18 financial highlights from the Annual General Meeting (AGM) includes the increase of distributable income to S$410.7 million, increase of distribution per unit to 11.50 cents and increase of Net Asset Value (NAV) to S$2.02. FY2018(S$’000) FY2017(S$’000) Change Gross Revenue 697,521 682,469 2.2% Net Property Income 493,548 478,234 3.2% Distributable Income 410,675 395,824 3.8% Distribution Per Unit (“DPU”) (cents) 11.50 11.16 3.0% Occupancy Rates Occupancy...

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OUE Hospitality Trust and Commercial REIT Merger

There was a trading halt for OUE Hospitality Trust on 8th April 2019 and investors like me who are vested in OUE Hospitality Trust smell something fishy. The announcement came shortly. The respective managers of OUE Commercial REIT (“OUE C-REIT”) and OUE Hospitality Trust (“OUE H-Trust”) jointly announced the proposed merger of OUE C-REIT and OUE H-Trust (the “Proposed Merger”). With the merger, the total assets will increase to approximately S$6.8 billion, making it one of the largest diversified S-REITs (Office and Hospitality). The managers cited the following reasons for the proposed merger: Creation of one of the largest...

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Guide to My Savings Bonds Portal

If you didn’t know yet, the My Savings Bonds portal is ready. This means that you no longer have to log in to Central Depository Pte Limited (CDP) to view your Singapore Savings Bonds holdings. I am currently using Stocks Cafe to manage my stock portfolio and Singapore Savings Bonds but the My Savings Bonds portal will serve handy if I only want to view my Singapore Savings Bonds holdings excluding my stock purchases. When you purchase Singapore Savings Bonds (E.g. via internet banking), the portal automatically gets updated with your purchase once the ballot results are announced. Through...

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Frasers Logistics and Industrial Trust Divests 63-79 South Park Drive In Victoria

This is Frasers Logistics and Industrial Trust first divestment in the year 2019. Last year, Frasers Logistics and Industrial Trust had divested Lot 102 Coghlan Road In South Australia and 80 Hartley Street. Frasers Logistics and Industrial Trust has announced that they will divest 63-79 South Park Drive, Dandenong South, Victoria, Australia (the “Property”) at a consideration of A$17.25 million (the “Consideration”). The Consideration is 13.1% premium to the Property’s book value of A$15.25 million and 4.5% premium to the original purchase price of A$16.5 million at Frasers Logistics and Industrial Trust IPO in 2016. It is important what...

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May 2019 Singapore Savings Bonds is 2.16%

The effective interest rate for May 2019 Singapore Savings Bonds (GX19050A) is 2.16% if you held it for 10 years. The interest rate remains flat which is the same as last month. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know yet, SRS applications for Savings Bonds open from March and individual limit has doubled to $200,000. I personally felt that the introduction of SRS application for Savings Bonds is an excellent initiative as...

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Summary of March 2019 Transactions

Earlier this month, I have made the switch to open electricity retailer which is Sembcorp. This should slash off several dollars from my electricity bill over the next few months. As usual, I have made no buy or sell transactions this month. My holdings in terms of percentage of Singapore Savings Bonds crept up from 17% to 18% of my stock portfolio. I have been consistently purchasing Singapore Savings Bonds every month as I felt there are several benefits of doing so right now. This month, I thought of dumping a portion of my cash into CIMB fixed deposits...

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CIMB Fixed Deposit Promotion Makes Your Money Work, Not You!

I like the way CIMB says “Your money should work, not you!“. Following my previous post on “Fifty Six Percent Invested Forty Four Percent Cash“, I do have some spare cash to place into a fixed deposit or Singapore Savings Bonds. Both are brainless, effortless investments where you sit and wait till maturity to earn the interests. If you remember, CIMB offers a fixed deposit promotion during Chinese New Year whereby you can get up to 1.90% interest per annum if you do a placement for 12 months online. It seems that this promotion is here to stay as...

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Challenger Technologies Delisting

It has almost been four years since I did a analysis on Challenger Technologies (Read more: My Personal Analysis of Challenger Technologies). This week, Challenger Technologies announced that it intend to delist from the SGX with Digileap Capital making a cash exit offer of all shares at an exit offer price of S$0.56 per share. In their announcement which you can find on SGX, Challenger Technologies highlighted that the exit offer price of S$0.56 in cash per share represents an opportunity for shareholders to realize their entire investment in Challenger, which may otherwise be difficult due to the low...

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Fifty Six Percent Invested Forty Four Percent Cash

The last time I checked my cash level was in November 2018 where I have only 31% cash on hand and 69% was invested in stocks. If you didn’t know, I considered monies in my DBS Multiplier Savings Account, Singapore Savings Bonds (SSB) and cash benefits payouts from NTUC Revosave as “Cash”. These are monies that I can easily redeem in event of an investment opportunity or in terms of emergency such as a job retrenchment etc. “Investments” are stocks and REITs that I have bought. If you wonder why I am plotting the above pie chart to track...

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My Sweet Retirement Switches to Open Electricity Retailer

I am glad that the area that I am staying in is finally eligible to switch over to the open electricity market where I can choose my electricity retailer. There are currently two standard price plans which are the Fixed Price Plan and Discount Off the Regulated Tariff Plan. For the Fixed Price Plan, you pay a fixed rate throughout the contract period of either 6, 12 or 24 months. For the Discount Off the Regulated Tariff Plan, the rate you pay will change as the regulated tariff is adjusted every three months (quarterly). You get a fixed discount...

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April 2019 Singapore Savings Bonds is 2.18%

The effective interest rate for April 2019 Singapore Savings Bonds (GX19040X) is 2.16% if you held it for 10 years. As you can see from the chart above, the effective interest rate has dipped further from 2.18% to a pathetic 2.16%. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know yet, SRS applications for Savings Bonds open from March and individual limit has doubled to $200,000. I personally felt that the introduction of...

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Summary of February 2019 Transactions

This is a short month and here we are at the end of the month again to summarize my stock portfolio again. Earlier this month, I was pretty busy with Chinese New Year activities such as spring cleaning and visiting friends and relatives. I did not make any buy or sell transaction this month. I have strictly followed my routine of purchasing the Singapore Savings Bonds. Other than using cash to purchase Singapore Savings Bonds, I have used my Supplementary Retirement Scheme funds to purchase as well since the Singapore Savings Bonds offer higher interest rate. I shall be...

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Reviewing My Personal Analysis of SPH REIT

When I wrote about SPH Reit two years ago, SPH Reit only has two assets in its portfolio which are Paragon and The Clementi Mall. Back then, there was news that SPH Reit will add Seletar Mall to its portfolio but till date, it has not actualize. As of today, SPH Reit has include two new properties in its portfolio, which is The Rail Mall and Figtree Grove Shopping Centre. The Rail Mall SPH Reit acquired The Rail Mall on 28th June 2018 at S$63.2 million. Based on what I have gathered, 40% of the tenants are F&B restaurant...

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VICOM Declares Special Dividend

VICOM has announced their FY18 full year results on 11th February 2019. I do not own VICOM in my stock portfolio, however I have previously added VICOM to my wife’s stock portfolio as the stock price of VICOM is fairly stable and requires little monitoring. If you did not know, VICOM is a subsidiary of ComfortDelgro.  VICOM currently makes up 11 percent of my wife’s entire stock portfolio. The financial results was a piece of good news as a final dividend of 23.17 cents and special dividend of 8.62 cents was declared. Based on the current share price of S$6.28,...

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