Author: My Sweet Retirement

InvestX Congress 2017 By The Fifth Person

It was a fruitful day for me as I attended the InvestX Congress 2017 organized by The Fifth Person. We have Rusmin Ang sharing about Portfolio Optimization, Alvin Chow from Dr Wealth sharing about ETF (Exchange Traded Fund), Tay Jun Hao about capital cycle and property counters and Victor Chng sharing about Thailand’s Medical Industry. This is not forgetting the famous and anonymous AK from ASSI (A Singaporean Stocks Investor) sharing about how to optimize your CPF (Central Provident Fund) by having the government paying for your Medishield premium for free yearly. In fact, after the event, I quickly...

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CPF Ready Get Set Grow

The CPF board has launch a new game. I have tried the game and as it is fun and educational. Thus, I will like to share with all of you. You can download this educational game from the app store. The Ready Get Set Grow game has 4 levels. For each level that you play, watch out for tips and education on growing your retirement savings.   For example, when I played level 1, the slogan says “Get ready to build a foundation for the...

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Kingsmen Creatives Undergoing a Period of Changes

Kingsmen Creatives announced a net profit increase of 19.4% from the previous corresponding period (“1H 2016”). Both the Retail & Corporate Interiors division and Alternative Marketing division reported revenue increases. This shows that there is slight recovery of the luxury industry as luxury brands starts advertising and decorating their stores to attract customers. The Exhibitions and Thematic division and Research & Design division reported revenue decreases. This can be due to less exhibitions and events being held in the Asia pacific and Middle East region. Based on my previous post ( Can Kingsmen Creatives Still Hold the Fort? ) the bulk of Kingsmen...

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Boustead Building Up Net Cash Position to Ride through the Storm

A year ago, I mentioned in my post that Boustead has a net cash position of S$165.6 million. At the end of 1Q FY2018, Boustead has a net cash position of S$212.2 million. This was an increase of 28.1%. Thus, I consider Boustead is still in a healthy net cash position. Net cash position is very important to companies in a cylindrical industry such as oil and gas. Only with sufficient net cash position, it will be able to ride through the storm. Although Boustead’s 1Q FY2018 financial results do not look so promising, I noted that in its...

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Soilbuild Business Space REIT High Yield but Declining DPU

For 2 consecutive quarters, the distribution per unit has declined for Soilbuild Business Space REIT. Based on the closing price of $0.72 on 30th June 2017, the annualised distribution yield is 8.2%. I have previously wrote about the investment risks of Soilbuild Business Space REIT here, thus I shall be repeating it again in this post. I am writing this post just to re-validate my decision to sell Soilbuild Business Space REIT when opportunity arises. The REIT currently makes up 5% of my stock portfolio. The following are my observations based on its current financials Declining Distribution Per Unit...

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Singapore Savings Bond versus Savings Account versus Fixed Deposits

The latest Singapore Savings Bond (“SBSep17“) is offering 2.12% effective interest rate over a ten years period. Many people have been lamenting about the low interest rates and I also think the Singapore Savings Bond interest rate is not attractive. I decided to do some research by comparing it with similar low risk products out such as a popular high yield Savings account and Fixed Deposit account. I am excluding REITs and Stocks in the comparison as the intention is to park the money somewhere as a form of war chest or savings. I picked CIMB StarSaver Account, CIMB...

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Summary of July 2017 Transactions

This month, I have divested StarHub and Keppel REIT from my stock portfolio. The above chart shows my current stock allocation. I am looking at divesting Soilbuild Business Space REIT from my stock portfolio as well but the current share price is not quite right yet and I need to do further research on its recent financial results as well prior to making a sell decision. Lippo Malls Trust was also on my strike off list but it seems that based on dividend yield, it is still yield lucrative based on current share price. You can read more about...

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Goodbye Keppel REIT

It is another sell transaction for me this month as I divested Keppel REIT from my stock portfolio. Total profit including dividends collected was 26.7%. After Keppel REIT announced a set of disappointing results on 18th July 2017 due to softening office rents, the share price did not decline as badly. Distribution per Unit (“DPU”) fell 12.77% from 3.29 cents in 1H2016 to 2.87 cents in 1H2017. Looking at the chart for Keppel REIT share price, it has been on an uptrend over the past 3 months. This proves that the stock market can be irrational. Below are the...

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Goodbye StarHub

Last week, I have sold off StarHub from my stock portfolio with a profit gain of 50.9% including dividends collected over the years. I guess Telecommunication stocks are not as resilient as everyone think it is. MobileOne has fallen and so has StarHub. Below are the reasons why I sold off StarHub:- Decreasing Dividends Over the last 5 years, this was the first time StarHub has reduced its dividend from 5 cents to 4 cents that was paid out in May. Moving forward, I believe StarHub will continue to reduce its dividends. Cable TV No Longer the Trend With...

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The Hour Glass – Digitalise or Die

At a backdrop of lower revenue and lower profit after tax, The Hour Glass has proposed a first and final dividend of 2 cents. At current closing price of S$0.66, this translates to a dividend yield of 3.03%. I am not surprise by the financial results but I was surprised by how well The Hour Glass manages the economic downturn. We all know that The Hour Glass deals with luxury watches and given the current economic headwinds, the company should do very badly. But it didn’t. The management reduced the company’s debt to equity ratio from 14.4 percent to 10.7 percent....

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Governance Index to Rank REITS and Business Trusts

Recently, I read in the news that two of the REITs in my stock portfolio ranked second place in a governance ranking. The two REITs are Parkway Life REIT and Soilbuild Business Space REIT. Keppel DC REIT ranked first place in the governance ranking. The name of this ranking is called “GIFT” in short. The full name is called “Governance Index For Trusts“. There are a total of 43 trusts including six stapled securities being assessed using Governance Index For Trusts. Who Developed Governance Index For Trusts (“GIFT”)? Governance Index For Trusts (“GIFT”) was developed by Associate Professor Mak Yuen Teen...

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Right Time to Buy Gold?

I have mentioned in my year end annual review (My Sweet Retirement Annual Review of 2016) that I will be keeping a lookout for gold prices in 2017, hoping to fulfill my dream of owning a gold bar. The chart above shows the price in US dollar for the PAMP Gold Bar – 100g. You can observe from the chart the price of gold has broken down from the parallel uptrend over the period from February 2017 to current July 2017. The current price of the PAMP Gold Bar -100g is US$3,982.95. There is a 2.98% spread. The price...

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Earning Miles For My Next Sweet Holiday

I own the Citibank Premier Miles credit card. If you hold this credit card, you know that the benefit is that the miles earned using Citibank Premier Miles credit card never expires. You can convert the accumulated miles into Krisflyer miles and that was my original intention for owning this credit card. One Citi mile is equivalent to one Krisflyer mile. I am looking forward to redeem my next holiday! Today I received a promotional email about earning up to 42,000 miles in just two months.  There are two options provided by Citibank on this promotion. Option 1 The...

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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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