What Happen to Soilbuild REIT 72 Loyang Way

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72 Loyang Way is an integrated facility comprising offices, single-storey production facilities, blasting chamber, dormitory and a jetty with 142 metres of sea frontage. It is one of the asset under Soilbuild REIT’s portfolio. Last year, due to the headwinds in the marine and offshore, oil and gas industry, Technics Offshore Engineering Pte Ltd defaulted on its rent at 72 Loyang Way. Being a … [Read more...]

Can Kingsmen Creatives Still Hold the Fort?

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Recently, I have noticed Kingsmen Creatives share price starts to shaken, fluctuating from $0.63 to $0.595. Below are some of the notes I have taken from reading the FY2016 annual report. Based on the financials, we can see why investors are selling or avoiding Kingsmen Creatives at this moment. There are more negative news than positive news. I have also color coded the points I think are … [Read more...]

My Notes from OUE Hospitality Trust Annual Report 2016

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Recently, I received the 2016 annual report for OUE Hospitality Trust. As I am invested in OUE Hospitality Trust, below are points I felt are important for me to take note of. Net Asset Value (NAV) per stapled security has declined over the years. The Net Asset Value (NAV) per stapled security for FY2014, FY2015 and FY2016 are $0.90, $0.90 and $0.77 respectively. OUE Hospitality Trust has no … [Read more...]

Impact of Trump Attack on Syria on STI and Gold

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The news was shocking to me and I bet it was shocking to the world as well. Trump has ordered a missile strike on Syria Thursday. I read on Bloomberg that his move has shaken world markets. U.S. stock index futures slump after his action. Global oil prices jumped more than 2% on Friday on news the U.S. launched a cruise missile attack on Syria. The missile attack does not seem to have much … [Read more...]

May 2017 Singapore Savings Bonds is 2.32%

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If you have followed my blog post on Singapore Savings Bonds, you will know that I have bought Singapore Savings Bonds in October 2015 where the effective interest rate is 2.63%. Time flies and I have received my third payout in the month of April 2017. The effective interest rate for May 2017 (GX17050F) Singapore Savings Bonds is 2.32%. Seems there is slight recovery in interest rates. … [Read more...]

My Personal Analysis of Frasers Centrepoint Trust

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Portfolio Frasers Centrepoint Trust has 6 suburban malls in its portfolio. They are Causeway Point, North Point, Changi City Point, Bedok Point, Yew Tee Point and Anchor Point. Frasers Centrepoint Trust also holds 31.17% of the units in Hektar Real Estate Investment Trust (“H-REIT”). H-REIT is a retail-focused REIT in Malaysia comprising of Subang Parade in Selangor, Mahkota Parade in Melaka, … [Read more...]

My Personal Analysis of SPH REIT

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Portfolio SPH REIT must be one of the fewer REITs with not much properties in its portfolio. In fact, there is only two which is Paragon and The Clementi Mall. There are news SPH REIT will add Seletar Mall to its portfolio. Occupancy Both Paragon and The Clementi Mall are at 100% occupancy. I have noticed there are no vacant shop spaces in Paragon and The Clementi Mall. If you have been to The … [Read more...]

Get Up to S$210 Takashimaya Gift Vouchers with POSB or DBS Credit Cards

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I received the following mailer from DBS. It says that from now till 31st May 2017, you can receive up to S$210 Takashimaya Gift Vouchers with a minimum spend of S$2,800 each calendar month on your DBS or POSB credit card. I am not sure if the promotion is exclusive only to me or everyone. However, I doubt I will be eligible for the promotion as unlikely I will spend S$2,800 a month. Thus, I … [Read more...]

Nikko AM-Straits Trading Asia ex Japan REIT ETF

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Nikko AM-Straits Trading Asia ex Japan REIT ETF is the second ETF made up of REITs to be launched. The first ETF REIT to be launched is SGX APAC ex Japan Dividend Leaders REIT Index. The constituents of these two REIT ETF are very different. There are no Australia REITs in Nikko AM-Straits Trading Asia ex Japan REIT ETF. On the other hand, SGX APAC ex Japan Dividend Leaders REIT Index has no … [Read more...]

April 2017 Singapore Savings Bonds is 2.27%

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The effective interest rate for April 2017 Singapore Savings Bonds is 2.27%. Seems that interest rate is declining but it still beats the traditional fixed deposits. Banks are also slashing its interest rates. A good example will be OCBC 360. (Read more here: OCBC 360 Account Makes Earning Additional Interest More and So Complicated) While browsing the Singapore Savings Bond website, I came … [Read more...]

OCBC 360 Account Makes Earning Additional Interest More and So Complicated

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Today, I received an sms from OCBC regarding its changes to the OCBC 360 account. The website says “upgrading the way you grow your wealth” but I think its downgrading the way I grow my wealth because I shall be earning less interests due to the changes. OCBC are making five changes to the OCBC 360 Account with effect from 1st April 2017. With this update, you will earn up to 3.05% per year on … [Read more...]

My Personal Analysis of ISOTeam

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ISOTeam offers services related to building maintenance and estate upgrading industry. ISOTeam’s major customers include town councils, government bodies as well as private sector building owners. The range of services ISOTeam offers are Upgrade and Retrofit Works Repairs and Decoration Works Reroofing and Waterproofing Works Facade Restoration and Cleaning Works Home Painting … [Read more...]

Summary of February 2017 Transactions

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In the month of February 2017, I made two sell transactions. I have divested Far East Hospitality Trust and NeraTel. You can read more on Far East Hospitality Trust at Far East Hospitality Trust Undervalued or Value Trap?  and NeraTel at NeraTel – An Abandoned Child. There are a few stocks in my watch list such as Acromec, ISOTeam, Hock Lian Seng, Tai Sin Electric and many more but I shall not … [Read more...]

NeraTel – An Abandoned Child

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Prior to writing this post, I have divested all my NeraTel shares at a loss of 14.2%. This is including of the dividends I have collected. I shall share the reasons why I made the decision to do so. NeraTel announced its 4Q2016 financial results on 22nd February 2017. After the sale of its payment solution business to Ingenico, NeraTel business is left with the Telecommunication business … [Read more...]

Frasers Commercial Trust Long Term Play in Office Rental

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While most REITs are announcing their 4Q2016 or FY2016 financial results, Frasers Commercial Trust is actually announcing their 1Q2017 financial results. Net Property Income fell by estimated 1% due to lower occupancy for China Square Central and Central Park. We understand that China Square Central has started the development of a 16 storey hotel and the construction works will definitely … [Read more...]

Far East Hospitality Trust Undervalued or Value Trap?

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Far East Hospitality Trust makes up a minor 2% in my stock portfolio. Finally, I have decided to cut loss and sold off Far East Hospitality Trust in my stock portfolio. Despite collecting the dividends over the years, I still made a loss of 20%. I bought Far East Hospitality Trust in my early investment days where I knew nothing about analyzing a good stock. It was purely bought on speculation … [Read more...]

OCBC Bank Makes It Easier to Buy Singapore Savings Bonds

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The effective interest rate for March 2017 Singapore Savings Bonds is 2.38%. It seems that it is now easier to buy Singapore Savings Bonds. When I logged in to OCBC Personal Internet Banking, I noticed a new menu option called Singapore Government Securities in the menu. Upon launching the page, I realized that it is now easier to buy government securities such as Singapore Savings Bonds, … [Read more...]

OUE Hospitality Trust Yet to Shine with Its Gem Crowne Plaza Changi Airport

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The results from OUE Hospitality Trust kind of surprised me. The income for OUE Hospitality Trust comes from two main segment which is the Hospitality segment and Retail segment. I am expecting lower revenue from the Hospitality segment due to current economic headwinds in the tourism sector and stronger revenue from its Retail segment due to opening of Michael Kor and Victoria Secrets but it … [Read more...]

Keppel REIT DPU Decreased but Manager Management Fees Increase

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I held 7% of office REITs in my stock portfolio, mainly made up of Keppel REIT and Frasers Commercial Trust at 5% and 2% respectively. Keppel REIT has announced its 4Q2016 financial results on 24th January 2017. A set of pretty disappointing results which reflects the weakness and headwinds in office REITs in current economy. I expect headwinds but didn’t expect results to be so bad. This is in … [Read more...]

SoilBuild REIT High Yield Provided Investors Can Stomach the Risks

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2016 was an exciting year for SoilBuild REIT. I have been following SoilBuild REIT closely since I held 5% of Soilbuild REIT in my stock portfolio. Activities in 2016 includes the Default of Technics Offshore Marine, Acquisition of Bukit Batok Connection and Preferential Shares Offering. On 23rd January 2017, Soilbuild REIT has announced its 4Q2016 financial results. Gross Revenue, Net Property … [Read more...]