Author: My Sweet Retirement

Frasers Commercial Trust Declares Stable DPU of 2.40 cents for 4QFY18

Frasers Commercial Trust has announced their 4QFY18 financial results on Friday, 19th October 2018. As mentioned in my previous post (My Personal Analysis of Frasers Commercial Trust), Frasers Commercial Trust has managed to pay out 2.40 cents for 1QFY18, 2QFY18 and 3QFY18 respectively. If they payout 2.40 cents for 4QFY18, this will amount to a total of 9.6 cents in FY18 versus 9.82 cents in FY17 which is a merely 2.24% drop in annual DPU. Yes, as per predicted, they have declared a distribution per unit of 2.40 cents for 4QFY18. Debt The proceeds from the divestment of 55...

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My Sweet Retirement Applies T2023 Temasek Bond For Spouse

I am usually not interested in bonds except for Singapore Savings Bonds. However, a recent bond review by Adam Wong at the Fifth Person caught my attention. (Read more: Temasek retail bond: 5 things to know before you invest in the T2023-S$ bond) Cutting the long story short, Temasek is offering a 5 year bond which matures in 2023 at a fixed interest rate of 2.7% per year. Interest is paid every 6 months and the principal amount is guaranteed by Temasek. The minimum investment amount is S$1,000 or more, in multiples of S$1,000. If you invest S$10,000, you will...

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October 2018 Financial Results Announcement Dates

It is almost coming to the end of the year and I am expecting to receive my last tranche of dividends payout from the REITs I am holding. With the recent announcement of Fed interest rate hike, it impacted the share price of REITs, causing them to decline slightly. For the past week, the stock market was in a sea of red. However, the stock market managed to recover slightly and re-bounced back on Friday, 12th October 2018. The risk that I am expecting for Frasers Logistics and Industrial Trust has actualized as AUD weakened further against the Singapore...

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Fixed Deposit Promotions in October 2018

Following my post on CIMB Bank’s latest fixed deposit promotion, I realize many other banks are introducing their fixed deposit promotions as well. Despite fixed deposits having a locked in period for a specified amount of time (usually 12 or 24 months), fixed deposits offer much lower risks as compared to investment products such as stocks and REITs. For example, REITs have recently suffered a setback when Federal Reserve decided to hike their interest rates in September. My stock portfolio was not spared. Another comparable investment product which has low risk is the Singapore Savings Bonds. However, you will...

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3 Tips to Survive a Retrenchment

This is probably some old news you may have read a few days ago. Starhub will be retrenching 300 full time employees as part of a S$25 million restructuring exercise. This has brought back some of my bad memories. Believe or not, I was once retrenched and it came unexpected. I am not going to write about the impact of the retrenchment on the share price of Starhub, but to share my past retrenchment experience and how I learnt about the importance of having an emergency fund. Believe it or not, I didn’t know and neither was I interested...

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CIMB Bank 9th Birthday Fixed Deposit Promotion

It really has been a very long long time since I wrote about fixed deposits because I could not find any ones that are good and simple to understand. Recently, I found a good deal from CIMB Bank. As part of their 9th Birthday celebration, CIMB Bank is offering an additional 0.09% interest per annum on all their online promotional SGD Fixed Deposit rates. You can choose the duration of 3 months, 6 months or 12 months and if you apply online, they offer higher interest rates as shown in the table below. Interest Rates (% p.a.) 3 Months...

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Screening For Dividend Stocks On 2nd October 2018

This is not a recommendation to buy or sell. The stock market seems to have picked up this week and as the stock price of certain stocks I am watching goes up, I knew I might not be able to catch a good deal in the short term. One good example is Frasers Commercial Trust whereby the stock price has gone up to my estimated price of S$1.47 from S$1.42. I need some ideas on what to buy or add to my watch list. What do I do next? Answer: I ran the Stocks Cafe Stock Screener. Below are...

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November 2018 Singapore Savings Bonds is 2.48%

It is the start of a new month again. As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. This month, the effective interest rate for November 2018 Singapore Savings Bonds (GX18110Z) if you held it for 10 years is 2.48%. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for November 2018 Singapore Savings Bonds, the next payout will be May 2019 and November 2019 respectively. If you own a...

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Funan Opening Ahead of Schedule in 2Q2019

Time really flies and I remembered I wrote about Funan DigitaLife Mall being closed for redevelopment in the year 2015 (Read more: Funan DigitaLife Mall Closing for Redevelopment). There is a piece of good news for CapitaMall Trust share holders. Funan is opening ahead of schedule in 2Q 2019. The retail as well as its office components are now slated to open in 2Q 2019, instead of the earlier announced 3Q2019. The opening of lyf Funan Singapore, a coliving serviced residence component within Funan, managed by The Ascott Limited, has also been brought forward from 2020 to 4Q 2019. Occupancy Mr Tony...

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Summary of September 2018 Transactions

Earlier this month, I have added more Frasers Logistics and Industrial Trust into my stock portfolio. As such, my percentage holdings of Frasers Logistics and Industrial Trust has increased from 13% to 15% of my entire stock portfolio. At the current yield of 6.88%, Frasers Logistics and Industrial Trust is still attractive to me (Read more: What To Invest Now? ). If you have read my recent post, you will also know that I am waiting for an opportunity to buy into Frasers Commercial Trust as well (Read more: My Personal Analysis Of Frasers Commercial Trust). The stock price of Frasers...

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Is My Sweet Retirement Suffering?

Recently, Dr Wealth blogged about the topic “Are Financial Bloggers Suffering?”. The topic has drawn the attention of many fellow financial bloggers. It has also got me thinking “Is My Sweet Retirement Suffering?” This recent topic sounds pretty similar to a blog post I written two years ago about the struggle to Financial Freedom. (Read more: The Path to Financial Freedom). I remembered a conversation with my wife. I told her we need to cut our expenses to free up some cash flow. She replied that we should find ways to earn more money instead. If you followed my blog,...

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Taking a Look Into CapitaMall Trust Acquisition of Westgate

Last month, CapitaMall Trust has announced the proposed acquisition of the remaining 70.0% of the units in IMT which holds Westgate from CMA Singapore Investments (4) Pte. Ltd. and CL JM Pte. Ltd for $789.6 million. Including acquisition related expenses, it was estimated to cost $805.5 million. Westgate is one shopping mall where I vaguely remembered a small section of its ceiling collapsed due to heavy rain in the year 2014. If you didn’t know, CapitaMall Trust currently owns 30.0% of units in Infinity Mall Trust (IMT) which holds Westgate. Investors are negative about the proposed acquisition as they...

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My Personal Analysis Of Frasers Commercial Trust

Frasers Commercial Trust (“FCOT”) currently makes up 2% of my stock portfolio. I cannot remember how long I have held this REIT but I have bought it in my early days of investing. I have been hesitating to increase my holdings of FCOT because China Square Central and Alexandra Technopark are both undergoing Asset Enhancement Initiative (“AEI”). Another reason was Hewlett Packard vacating Alexandra Technopark, which has a pretty big impact on its rental income since HP used to be one of its top ten tenants. With AEI at Alexandra Technopark completing in 2H2018 and China Square Central in 2H2019,...

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Frasers Logistics and Industrial Trust Acquires NSW Property and QLD Property

Following the recent divestment of two Australian properties (80 Hartley Street and Lot 102 Coghlan Road), the manager of Frasers Logistics and Industrial Trust had completed the acquisition of two prime properties in Australia for A$62.6 Million. This is no surprise and as per their previous announcement that they will use the proceeds from the divestment to fund potential acquisition opportunities. The manager has mentioned that the acquisition is expected to improve the distribution per unit. Stock analysts have estimated a debt headroom of A$190m before reaching the 40% gearing ratio. Thus, I do not foresee any further acquisition in the near...

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Frasers Logistics and Industrial Trust Acquires NSW Property and QLD Property

Following the recent divestment of two Australian properties (80 Hartley Street and Lot 102 Coghlan Road), the manager of Frasers Logistics and Industrial Trust had completed the acquisition of two prime properties in Australia for A$62.6 Million. This is no surprise and as per their previous announcement that they will use the proceeds from the divestment to fund potential acquisition opportunities. The manager has mentioned that the acquisition is expected to improve the distribution per unit. Stock analysts have estimated a debt headroom of A$190m before reaching the 40% gearing ratio. Thus, I do not foresee any further acquisition in the near...

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