Author: My Sweet Retirement

Screening For Dividend Stocks Using Yahoo Finance Stock Screener

Previously, I have reviewed on FSMOne stock screener and Stocks Café Stock Screener which is the one that I am using currently. There is no right or wrong on which stock screener that you choose. I have chose Stocks Café stock screener because that is one that I am comfortable with and since I have a paid subscription, I might as well make full use of it. Of course, the best part of Stocks Café stock screener is that it will automatically email you the results daily (depending on the frequency that you set). Recently, a reader has contacted...

Read More

Singtel 3QFY20 Net Profit Fell 24% – Should You Buy?

Singtel had released its 3QFY20 financial results on 13 February 2020. The financial results are not so rosey, with operating revenue declining 5% to S$4.38 billion due to lower equipment sales, weak business sentiment and spending, continued price erosion in carriage services and heightened market competition. Net Profit After Tax was down by 24% to S$627 million due mainly to the weakness in the enterprise business, the impact of the final settlement of a gain on the Airtel Africa pre-IPO investment and lower exceptional gains. 3QFY20 (S$ Mil) 3QFY19 (S$ Mil) % Change Operating Revenue 4,378.3 4,626.1 (5%) Net...

Read More

Impact of COVID-19 to Straits Time Index

We are almost one and a half months since the COVID-19 outbreak. Since the outbreak, people scrambled to wipe out surgical masks and hand sanitizers off the shelves. When the DORSCON (Disease Outbreak Response System Condition) level was raised to ORANGE, this causes some form of panic. People flocked to grocery stores to stock up their daily necessities and shopping malls became almost vacant overnight. At this moment, I am not exactly sure how hard the impact of the COVID-19 situation to retail REITs as tenants will still need to pay their rental even though business is bad. Over...

Read More

Suntec REIT FY19 Distribution Per Unit Fell 4.8%

It has almost been 2 years since I divested Suntec REIT. Recently, I visited Suntec City mall and I decided to take a look how Suntec REIT is performing over the 2 years. In the latest 4Q2019 financial results, gross revenue increased by 3.5% to S$96.7 million as compared with 4Q2018. The improve in revenue was due to contributions from 55 Currie Street (acquired in September 2019) as well as increase in retail and office revenue from Suntec City which was partially offset by lower revenue from Suntec Convention. The below bar chart shows the improvement in gross revenue...

Read More

The Best Fixed Deposits of February 2020

The recent 2019-nCoV outbreak has caused the stock market to become volatile. At the point of writing this post, the Straits Time Index (“STI”) has fallen to 3163.15. With the Disease Outbreak Response System Condition (“DORSCON”) level being changed to orange colour, people has avoided shopping malls. Believe me or not, malls such as Suntec City and Tampines Mall have become almost a dead town. I believe this should have some form of impact on the retail REITs in upcoming quarters. In my recent post, I wrote about the impact of the current situation to OUE Commercial REIT which...

Read More

OUE Commercial REIT 4Q2019 Financial Results After Merger

The merger between OUE Commercial REIT and OUE Hospitality Trust seems to be beneficial. On 30th January 2020, OUE Commercial REIT announced its first financial results (4Q2019) after the merger with OUE Hospitality Trust. Gross Revenue improved 80.7% to S$86.8 million and Net Property Income (“NPI”) increased by 92.6% to S$70.6 million. These are good financial figures that can never be achieved by OUE Hospitality Trust alone. Higher net property income and the drawdown of OUE Downtown Office’s income support was partially offset by higher interest expenses in 4Q 2019 from higher borrowings which resulted in amount available for...

Read More

March 2020 Singapore Savings Bonds is 1.71%

The effective interest rate for March 2020 Singapore Savings Bonds (GX20030Z) is 1.71% if you held it for 10 years. This is a slight decrease as compared to 1.75% for February 2020 issue of the Singapore Savings Bonds. The minimum amount you can purchase for Singapore Savings Bonds is S$500. If you decide to hold and sell it for 1 year, the effective interest rate is 1.43% which is worst than what fixed deposits can offer. On 1st January 2020, DBS Bank has notified that the dividends from CDP will no longer qualify under the investment category for DBS...

Read More

Summary of January 2020 Transactions

We started the first month of the year 2020 with the Wuhan Virus. With the recent outbreak, many stocks have been sold down due to investors panic. Two REITs that I have noticed with properties in China are CapitaLand Retail China Trust and Sasseur REIT. (Read more: CapitaLand Retail China Trust and Sasseur REIT Closes Malls Due to Wuhan Virus) I have not found any good picks yet. In fact, I am looking at Frasers Commercial Trust but the stock price has not yet came down to a satisfactory level that I will add more of it to my stock...

Read More

CapitaLand Retail China Trust and Sasseur REIT Closes Malls Due to Wuhan Virus

With the outbreak of the 2019 Novel Coronavirus (CoV) in Wuhan, there are two REITs that I have found that the share price was impacted by the virus outbreak. They are CapitaLand Retail China Trust and Sasseur REIT. CapitaLand Retail China Trust has 13 malls in China. CapitaMall Minzhongleyuan in Wuhan is closed and will reopen when local conditions permit. The mall represented less than 3% of CRCT’s portfolio value as at 30 September 2019 and contributed approximately 0.5% of CRCT’s net property income for the first nine months of 2019. The remaining 12 malls located in various cities...

Read More

Mapletree Commercial Trust 3QFY19/20 Financial Results After MBC II Acquisition

  Mapletree Commercial Trust has announced their 3QFY19/20 financial results on 22nd January 2020. There are no surprises as all financial results are positive. Income available for distribution increased by 18.0% while Distribution Per Unit (DPU) increased by 5.6%. It was mentioned that the strong financial performance was driven by the newly acquired Mapletree Business City II (MBC II). Here are the 3QFY19/20 financial results compared with 3QFY18/19. 3QFY19/20 (S$’000) 3QFY18/19 (S$’000) Change Gross Revenue 131,336 112,543 16.7% Net Property Income 103,298 87,868 17.6% Distributable Income 79,049 66,992 18.0% Distribution Per Unit (“DPU”) (cents) 2.46 2.33 5.6% Debt As...

Read More

CapitaLand Mall Trust and CapitaLand Commercial Trust Proposed Merger

  Following the proposed merger between Frasers Logistics and Industrial Trust and Frasers Commercial Trust, another REIT announced their merger. On 22nd January 2020, CapitaLand Mall Trust and CapitaLand Commercial Trust announced their proposed merger. CapitaMall Trust currently has 15 properties in its portfolio while Capita Commercial Trust has 10 properties. With the proposed merger, the merged REIT will have a total of 24 properties. (Capita Commercial Trust has 60.0% of Raffles City while CapitaMall Trust owns the other 40%) With the merger, the properties are valued at S$22.9 billion. With the proposed merger, CapitaLand Commercial Trust holders will...

Read More

Screening For Dividend Stocks In January 2020

Happy Chinese New Year! The last time I screen for dividend stocks was back in November 2019. Since its a brand new year and the first month of the year 2020, I am interested to find which stocks currently provide the highest dividend yield. How do I find stocks to analyse and decide if it is worth investing? Every month, I will always start by running the stock screener that I have saved on Stocks Café. There are several websites that offer such a tool to screen for stocks using conditions that you can set such as dividend yield,...

Read More

Mapletree North Asia Commercial Trust DPU Fell 13.3%

Mapletree North Asia Commercial Trust has announced their 3QFY19/20 financial results on 17th January 2020. As expected, gross revenue fell 36.3% to S$67.3m as compared to S$105.6m in 3QFY18/19. Net Property Income also fell 40% to S$50.8m. Distribution fell 13.3% to 1.671 cents. The DPU already included the distribution top up due to Festival Walk closure. Without the top up, the DPU can be worst. Due to the damages from the riots, Festival Walk has been closed since 13 November 2019. With the mall closure, rental was not collected from the retail tenants. The mall has re-opened and collection...

Read More

The Best Fixed Deposits of January 2020

Last month in December, I have placed a 6 months fixed deposit with CIMB Bank that gives me an interest rate of 1.80% p.a. The good news is that CIMB Bank has maintained its interest rate of 1.80% p.a. for its Chinese New Year Fixed Deposit Promotion. They are probably the only bank that maintain the high interest rate of 1.80% p.a. While searching for Chinese New Year fixed deposit promotions, I found a promotion from OCBC that gives you vouchers instead of cash for a 6 month locked in period. The interest rate is 1.70% p.a. if you...

Read More

February 2020 Singapore Savings Bonds is 1.75%

The effective interest rate for February 2020 Singapore Savings Bonds (GX20020V) is 1.75% if you held it for 10 years. This is a slight decrease as compared to 1.76% for January 2020 issue of the Singapore Savings Bonds. The minimum amount you can purchase for Singapore Savings Bonds is S$500. If you decide to hold and sell it for 1 year, the effective interest rate is 1.54% which is worst than what fixed deposits can offer. On 1st January 2020, DBS Bank has notified that the dividends from CDP will no longer qualify under the investment category for DBS...

Read More

Recent Comments

Latest News from PR Newswire