Author: My Sweet Retirement

My Sweet Retirement Mid Year Checkpoint 2017

Time flies and it is time for Mid year review again on the goals that I have set for the year 2017. 1. Achieve 15K of Passive Income I think I am over optimistic on this. Last year, I received a total of S$10,132.04 of dividend income for the year of 2016. I have since divested M1, Sheng Siong, Cambridge Industrial Trust, NeraTel and Far East Hospitality Trust and only bought Capitaland Mall Trust in 2017. Recently, I bought Tai Sin Electric but added to my wife’s stock portfolio instead thus I shall not count it as part of...

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Summary of May 2017 Transactions

After monitoring Tai Sin Electric for almost a month, I decide to make a buy transaction. I did not add it to my stock portfolio but instead I added it to my spouse’s stock portfolio. She has now 5 stocks in her stock portfolio! If you read my post on Looking at Tai Sin Electric Limited Market Depth, there is good support at S$0.425. Buying and selling is very similar to supply and demand. There is quite a high volume asking for S$0.46 and a lot of bid volume at S$0.42 and S$0.425. Based on My Personal Analysis of Tai Sin Electric...

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Looking at Tai Sin Electric Limited Market Depth

Tai Sin Electric has been on my watch list for quite some time and I have been hesitating to buy it since my last analysis on it as the stock price as been rather stagnant at $0.44. (Read more at My Personal Analysis of Tai Sin Electric Limited). Today, I learn something new today called “Market Depth“. Above is a screen shot of the Market Depth of Tai Sin Electric Limited on 26th May 2017. On the left hand side of the above picture is the bid price and bid volume or in simple terms we call it as “buyers”. On...

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OUE Hospitality Trust 1Q2017 Results – Signs of Recovery?

Recently, I noticed the share price of OUE Hospitality Trust has gone up slight by a bit. It even broke above $0.70 on 5th April 2017. While research reports published by analyst says that hospitality sector is improving and the worst may be over for 2017, I still have doubts. Since OUE Hospitality Trust makes up 5% of my current stock portfolio, I decided to take a brief look at its 1Q2017 financial results. Below are some notes I took from the OUE Hospitality Trust 1Q2017 financial results presentation. Master lease income from Mandarin Orchard Singapore decreased by $0.6...

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Kingsmen Creatives Turning Around in 1Q2017

Kingsmen Creatives have just released their 1Q2017 results. Kingsmen Creatives recorded a revenue of S$66.2 million in first quarter of 2017 which is an increase of S$4.7 million or 7.7% compared to S$61.5 million in 1Q 2016. Gross profit in 1Q 2017 increased by S$2.2 million or 16.2% to S$15.6 million compared to S$13.4 million in 1Q 2016. The increase was a result of higher revenue and gross profit margin recorded. Gross profit margin was higher at 23.5% in 1Q 2017 compared to 21.8% in 1Q 2016. Cash and cash equivalent decreased to S$58.5 million. In my previous post, I mentioned...

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My Personal Analysis of Tai Sin Electric Limited

This is one penny stock where I see frequent discussion and praises on how good this company is. I decided to do some research and personal analysis on this company to reduce the risk of stepping into a land mine if I decide to add this to my stock portfolio. Tai Sin Electric Limited, a business with 35 years of history started as a cable manufacturing business in 1980. Tai Sin Electric was listed on the SESDAQ (“Stock Exchange of Singapore Dealing and Automated Quotation”) in 2005 and later transferred to SGX main board in 2005. With a long...

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What Happen to Soilbuild REIT 72 Loyang Way

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 shareholder of Soilbuild REIT, I am worried about the prospects of 72 Loyang Way. Have you also been waiting for some updates on 72 Loyang Way? In the current 4th quarter 2016 presentation slides, investors have...

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Can Kingsmen Creatives Still Hold the Fort?

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 negative in red and positive in green. Kingsmen Creatives achieved a revenue of $329.7 million in 2016 as compared to $327.9 million in 2015. Net profit decreased by 9.7%. Earnings per share...

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My Notes from OUE Hospitality Trust Annual Report 2016

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 debt due until July 2018. In 2017, higher traffic through Changi Airport could potentially benefit Singapore’s hospitality sector. Distribution yield has declined over the years. The distribution yield for FY2014, FY2015...

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Impact of Trump Attack on Syria on STI and Gold

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 impact on Singapore stock market. As you can see from the chart below, the Straits Times Index still gained 0.05% which proves that the stock...

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May 2017 Singapore Savings Bonds is 2.32%

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. Although the interest rate is not attractive, the money can serve as a contingency fund. My ideal contingency fund is around six times your current salary. In case we get retrenched, the period...

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My Personal Analysis of Frasers Centrepoint Trust

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, Wetex Parade and Classic Hotel in Muar, Johor, Central Square in Sungai Petani and Landmark Central in Kulim, both located in Kedah. Occupancy As of 1st Quarter 2017, the overall average occupancy of its suburban malls is 91.3%. The following...

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My Personal Analysis of SPH REIT

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 Clementi Mall, you noticed that it is always bustling with people at any time. Perhaps it is also because of its proximity to the bus...

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

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 will not be signing up for the promotion. Promotion Period Minimum Spend Requirement Total retail purchases and cash withdrawals Takashimaya Gift Vouchers worth of 1...

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Nikko AM-Straits Trading Asia ex Japan REIT ETF

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 Malaysia REITs. Nikko AM-Straits Trading Asia ex Japan REIT ETF will start trading on the Singapore Exchange on 29 March 2017. The initial offer price is SGD$1.00. The...

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