Author: My Sweet Retirement

Soilbuild REIT DPU Increases for 4QFY15

Soilbuild REIT announces its results for 4Q2015 on 21st January 2016. Distribution Per Unit (DPU) increase 1.8% to 1.614 cents as compared to 1.585 cents a year ago. This brought the total DPU for 2015 to 6.487 cents as compared to 6.193 cents in 2014. Based on the market closing price of S$0.77 on 31st December 2015, the yield for Soilbuild REIT is 8.42% for year 2015. 4Q2015 (S$’000) 4Q2014 (S$ ‘000) YoY(%) Gross Revenue 20,434 17,682 15.6 Net Property Income 17,490 14,932 17.1 Distributable Amount 15,091 12,892 17.1 Distribution Per Unit (“DPU”) (cents) 1.614 1.585 1.8 Annualised DPU (cents)...

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Keppel REIT Annualised DPU Fall for 2015

Keppel REIT announces its results for 4Q2015 on 18th January 2016. Although 4th quarter Distribution Per Unit (DPU) increased 11.26% to 1.68 cents as compared to 1.51 cents for the same period last year, the annualised DPU fell 5.85% to 6.8 cents as compared to 7.23 cents a year ago. If we take the market closing price of S$0.93 on 31st December 2015, the yield for Keppel REIT will be 7.3%. This is pretty decent to me. At the point of writing this post, the closing price is S$0.89. 4Q2015 (S$’000) 4Q2014 (S$ ‘000) YoY(%) Property Income 42,795 43,337 (1.25) Net...

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Keppel REIT sold Australia Asset 77 King Street

Keppel REIT announces on 17th January 2016 that it has divested 100% of its interest in 77 King Street, Sydney, Australia  for A$160 million. The news came one day before Keppel REIT announces its financial results on 18th January 2016. 77 King Street is a freehold Grade A commercial building in Sydney’s Central Business District. 77 King Street comprises 18 levels of offices and two basement levels of retail space. Its tenants include Apple, Facebook and Capgemini. According to the news released on Keppel REIT website, the sale was 40% of the original purchase price of A$116 million in year 2010....

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Chief Operating Officer and Chief Financial Officer for Cambridge Industrial Trust Quits

Today, on 15th January 2016, Cambridge Industrial Trust announces the resignation of Mr David Mason who is the Chief Operating Officer and Chief Financial Officer for Cambridge Industrial Trust. He will remain in the company until April 2016 to facilitate a smooth transition. The above news came sudden, a day after Cambridge Industrial Trust announces a fall in DPU (Cambridge Industrial Trust DPU Fall for 4QFY15). The news may or may not cause further fall in current closing share price of S$0.53, depending on investor’s confidence. Cambridge Industrial Trust is currently, facing headwinds caused by vacancies and earnings weakness arising from property conversions...

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Cambridge Industrial Trust DPU Fall for 4QFY15

Cambridge Industrial Trust announces its results for 4QFY15 on 14th January 2016. DPU fell 9% to 1.139 cents as compared to 1.252 cents the same period last year. This brought the full year DPU for year 2015 to 4.793 cents which is a fall of 4.2% as compared to 5.004 cents in year 2014. Enough of the bad news, there are some good points about Cambridge Industrial Trust. Cambridge Industrial Trust achieves positive rental reversion of 9.1%. It also have a well-staggered debt maturity profile with 97.4% of interest rates fixed for the next 3 years and thus further Fed rate hikes will...

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Chinese New Year 2016 Fixed Deposit Promotions

Chinese New Year 2016 is approaching soon. Every year this time, banks will offer promotional fixed deposit rates. Last year, I placed my money with POSB for 12 months at a promotional interest rate of 1.88 percent. I also got the S$88 lucky Ang Bao (“red packet”) that was offered for the first 10,000 customers. Personally, I felt that the promotional interest rates this year was not fantastic and in fact, most banks are offering lower interest rates as compared to last year. If you compare it with the Singapore Savings Bonds, the interest rate look even worst. February Singapore...

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Book Review: Fisher Investments On Energy

There has been many reported news on how the prices of crude oil per barrel has fell or even hit a new low. I own the stock Boustead in my portfolio and thus this made me curious about the energy business. We all know that the energy-related division is Boustead’s second largest revenue contributor. I borrowed the book “Fisher Investments on Energy” from the National Library of Singapore. The book does not focus on oil alone. After reading the book, I found out that there are in fact many kinds of energy in the world. Energy comes in the form of...

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Three Main Classification of Oil and Gas Companies

As mentioned previously in my post (PT Enso Asia beaten Boustead to win Indonesia Energy Asset), Boustead tries to acquire an Indonesia Energy Asset. One reason for acquisition is to shift into upstream ownership, production and potential development of natural gas. I decided to further research on this. What is meant by Upstream, Midstream and Downstream? Oil and Gas companies can be classified into the following three main sectors. Upstream Upstream companies deal with exploration and production of oil. They are the most profitable but also the most risky and capital intensive. Some examples of upstream oil and gas companies...

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My Sweet Retirement Annual Review of 2015

The year 2015 is ending and we are soon welcoming 2016. I came across this interesting post (The 2015 Cheerfulegg Annual Review) and decided to do one similar. It is a quick and simple way of reflecting how I spent the year 2015. The original idea came from Chris Guillebeau on his blog post (How to Conduct Your Own Annual Review). What went well What did not go well Planning for next year What went well A Job Promotion Yes! I got promoted in my job this year. More responsibilities for me ahead. Took an Investment Course I was aggressively learning about stock...

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PT Enso Asia beaten Boustead to win Indonesia Energy Asset

Boustead was one of my favorite stocks. Recently, Boustead announced the plan to acquire an energy asset in Indonesia. That was a piece of excellent news to me as I can see that the management is looking for ways to further expand and strengthen its businesses, given the weak crude oil prices right now which has affected its core businesses. This is how a company with excellent management like Boustead look for means and ways out of the current problem. However, on 24th December, Boustead announced that PT Enso Asia has beaten the consortium (Boustead, One North Energy Private Limited...

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Summary of December 2015 Transactions

Earlier in the first week of December, I bought a little bit more of ST Engineering. This increases my allocation from 10 percent to 12 percent for ST Engineering. December was a month of dividends collection. I collected dividends from Mapletree Commercial Trust, ParkwayLife REIT, Far East Hospitality Trust, Cambridge Industrial Trust, OUE Hospitality Trust and AustNet Services. On top of dividends, I have received my partial script dividends for Cambridge Industrial Trust. The reason for partial subscription of script dividends is because I have existing odd lots and we all know that the current minimum lot size is 100. With...

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Book Review: Dark Horse How Challenger Companies Rise to Prominence

This is another excellent book I read recently about entrepreneurship and how companies known as “Dark Horses” outshine in the current competitive market with their product or ideas. The book has many case studies about great companies today which you may have heard of such as Whole Foods, Ricola and Dentek etc. In this book, the author Dan Mack wrote about the main three drivers that govern the cultures of top emerging companies. The three drivers are: #1 Their corporate identify is fixed, and their business is an expression of their identity. #2 Their business is very personal, purposeful, and...

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How Singapore REITs Defend against Fed Rate Hike

I was curious on how the Singapore REITs I held in my portfolio will hold the fort against the recent Fed rate hike. Thus, I dig into the financial result releases by each REIT recently for more details. I learnt a new term known as “Interest Rate Swap”. REITs issue bonds or notes as a form of interest rate swap. Below is the definition taken from Investopedia. There is a video where you can watch for easier understanding. An agreement between two parties (known as counterparties) where one stream of future interest payments is exchanged for another based on...

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What was Bad wasn’t so Bad after all

Recently, I took a short staycation with my family at one of the hotels in Sentosa. The official check in timing for the hotel was 3pm. We arrived at the hotel around 11.30am and I proceed to inquire at the reception if we could check in early. We were told there are currently no rooms available and was assured that we can have our room ready by 3pm. Thus we proceeded to Universal Studios to enjoy the rides first. When we went back to the hotel at 4.30pm to check in, we were told the rooms are still not...

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Funan DigitaLife Mall Closing for Redevelopment

The news was a surprise to many retailers at Funan DigitaLife Mall. The mall will be closing for redevelopment in 3Q2016 for 3 years. Funan DigitaLife Mall is home to Challenger’s flagship megastore including many IT retailers. Challenger will be shuttering its operations at its 53,000 sqft flagship store. Challenger mentioned that it will be employing a more ambitious e-commerce strategy to make up for the closure of the megastore. I have previously divested all my stake in Challenger Technologies. Personally, I feel that unless prices are competitive, Challenger’s e-commerce platform will face tough competition. You can read more at my...

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