Author: My Sweet Retirement

Update on Singapore Savings Bonds August 2016

It has been two months since I did an update on Singapore Savings Bonds. Singapore Savings Bonds is really doing badly. The effective return per year for September has fallen to a low of 1.75%. How was Interest Rate for Singapore Savings Bonds Determined? If you didn’t know, interest rates for Singapore Savings Bonds are determined by the average Singapore Government Securities yields in the month before the announcement. The average yield for Singapore Government Securities is between 2% to 3%. Singapore Savings Bonds Take Up Rate Being curious about the monthly take up rate for Singapore Savings Bonds, I extracted...

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My Sweet Retirement is One!

Time flies and it is one year since I set up My Sweet Retirement website to share my journey towards achieving financial freedom and retirement. By doing my own personal stock analysis and writing to share them, it is a constant reminder to myself to buy and sell on fundamentals and not rely on emotions or gut feel while investing. While I enjoy writing about stocks and financial related stuff, I also enjoy reading articles written by other fellow financial bloggers. These are a few of my favorites: A Path to Forever Financial Freedom, Lady you can be free, A Pen...

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Summary of July 2016 Transactions

This month, the stock market seems to continue to rally. The “brexit” didn’t have much impact on the current market. Some companies started to announce their financial results. Weakness in the retail market can be felt as Suntec REIT and Starhill Global REIT announces almost nil growth in DPU. There has been no transactions in my stock portfolio as I continue to hold for dividend gains. This month, I have gotten my performance bonus. There are some who complain of getting “peanuts” while some seems satisfied with what they have gotten. While there are people who immediately spend on a...

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My Personal Analysis of Starhill Global REIT

Starhill Global REIT has been in my watch list for a few months. The stock price fell as low as $0.73 when there was a rental dispute with Toshin in Ngee Ann City property. I did not rush in to buy as at that point of time, I didn’t do any analysis on Starhill Global REIT. Buying without doing my homework is purely speculation. Today, the stock price has went up to $0.79. I managed to find some time among my busy work schedule and here is my research of Starhill Global REIT. Portfolio Starhill Global REIT owns mainly...

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Head, Heart and Habit

Recently, I came across an article in SIM University newsletter. SIM University’s education philosophy was mentioned which are three H’s – Head, Heart and Habit. Head: Professionally competent and job-ready, with strong applied skills Heart: Socially conscious with a desire to make positive changes in society Habit: A self-directed learner with strong work ethics and values. Being a SIM University graduate myself, the education philosophy are really meaningful to me and I reminded myself constantly of the above values in my work and in stock investing. 1. Head I cannot say I am professionally competent in stock investing because this...

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Slow Growers – M1 Limited

M1 announced its 2Q2016 unaudited financial results on 15th July 2016. In my previous post, I have classified M1 as a slow grower. In fact, I classify M1, SingTel and Starhub as slow growers. These are the three giants that have dominated Singapore Telco market for years with little or slow growth. Here is the reason why: Stable Service Revenue Service revenue for M1 was stable at S$407.3 million. The main services are handset sales, fixed services such as fibre broadband, international call services and mobile services. This is generally nothing different from what Singtel or Starhub are providing. Fibre...

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Know the Type of Company You are Investing In

It is important to do some research on the companies we are investing in. After research either by reading through the annual reports or understanding the management, we often discover different companies have different characteristics. Peter Lynch classify most companies into six categories. 1. Fast Growers Fast growers are small companies that are growing fast. Growing fast means they are gaining market share faster than other players in the same industry. 2. Slow Growers Slow growers are large companies that are old, matured and grow extremely slow. The risk is low investing in these type of companies however we do...

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New Rail Financing Framework has come for SMRT

Today, 15th July 2016, SMRT announced the proposal of sale of its asset to Land Transport Authority (LTA). New rail financing framework has been in talks for years since many years back where there was an island wide outage of the SMRT rail system. The new rail financing framework was first implemented in 2011 for the Downtown Line (DTL) MRT System. Asset Light Business Model After the sale of the assets, SMRT will operate under an asset light model where they will focus on being a train operator providing quality service to commuters and maintaining the trains to ensure smooth operations....

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Boustead Creating a World of Difference

You know you are investing in the right company if they have excellent management. A company with excellent management is able to weather the storm. This has to be Boustead, my favorite company in my stock portfolio. What do I like about Boustead that stands out? 1. Asset Light Model A shareholder in Boustead is not a beneficial owner of hard assets such as equipment, machinery and fabrication or manufacturing facilities. Instead, you are a beneficial owner of a renowned brand name that has thrived for 188 years on the basis of our strong values and reputation for credibility, integrity, quality, reliability and trust; – Wong Fong Fui, Chairman &...

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The Importance of Financial Literacy – Unit Trust

Recently, my wife has just gotten her annual performance bonus. She told me she want to invest. If she does not invest, her money will depreciate over time. Thus, I asked how? She replied that her company has just invited a financial planning company to give a lunch time talk. She indicated her interest to let the financial planner plan for her how to “grow” her money. I told her based on my experience, most financial adviser will surely either sell her endowment or unit trust. She refused to listen and went ahead to meet with the financial adviser....

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How The Hour Glass Manages a Downturn

We all know the luxury watch industry is cylindrical. With the luxury watch market facing headwinds, The Hour Glass announced a decline in net profit after tax by 10% for the financial year ended 31st March 2016. What I like about the The Hour Glass is their prudent management. In the current market downturn, the senior management team brainstorm for ways to transform the way they do their business. The team looked at ways to achieving operational efficiency by performing an internal review of company policies and processes. These are some of the steps taken by the management: 1....

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Increase in Car Park Charges – Car Owners Dismay, Investors Cheer

Recently, Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) announced that public car park charges will be increased. Below are the current rates. Current Rates New Rates Regular short term parking $0.50 per half hour $0.60 per half hour RZ/DA Parking $1.00 per half hour $1.20 per half hour With the announcement, there are also news that private car park operators and shopping malls will also be revising their parking rates to match public car park charges. The reason is because shopping malls and private car park operators are afraid cars may all flock to private car parks and...

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Soilbuild REIT Worrying Debt

Few months back, I bought more on Soilbuild REIT and Keppel REIT given the attractive dividend yield. It was a lesson learnt for me as I bought purely because of its dividend yield. I was lucky Keppel REIT stock price reversed and went on an uptrend. However, I was not so fortunate for Soilbuild REIT. The stock price continue to dip. Soilbuild REIT failed one of my most important criteria for stock selection. This is having unencumbered assets and low gearing ratio. Singapore REITs can borrow up to 45% of total assets. Soilbuild REIT gearing ratio is currently 36%. This is...

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Opportunity in Brexit Crisis

Stocks are generally classified into small cap, mid map and large cap. Market capitalization (“cap”) is the total value of the issued shares of a publicly traded company. This is also equal to the share price times the number of shares outstanding. Category Market Capitalization Large Cap Over $5 billion Mid Cap Below $5 billion and above $1 billion Small Cap Below $1 billion With the recent “Brexit”, I have done a screening on the large cap stocks using Google Finance Stock Screener. Large Cap stocks are mainly know as “Blue Chips” and if opportunity arise, it is a good chance...

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Summary of June 2016 Transactions

As I was away for almost two weeks for my holiday in Taiwan, I made no purchases this month. Majority of the stocks I held paid out the dividends this month. When everyone thought that the market was recovering, the sudden news of “Brexit” came and stock prices came plunging down. A few stocks in my portfolio held the fort well. Those stocks are Sheng Siong, The Hour Glass, Parkway Life Reit, Suntec Reit and Keppel Reit. Other stocks in my portfolio didn’t seem to have any direct business in Britain but I did notice they fell by around 2...

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