Author: My Sweet Retirement

April 2018 Singapore Savings Bonds is 2.31%

The effective interest rate for April 2018 Singapore Savings Bonds gives you an effective interest of 2.31% if you hold it for 10 years. That will be a total of S$2,340 of interest collected if you purchase S$10,000 of Singapore Savings Bonds now. Here is a previous post I did to compare the returns of the Singapore Savings Bonds against our normal savings account and traditional Time Fixed Deposits (Singapore Savings Bond versus Savings Account versus Fixed Deposits). Overall, the Singapore Savings Bonds emerge as the winner with the highest returns. Of course, the returns may not be fantastic...

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Who is The Substantial Shareholder Exiting Boustead?

Last Friday, 9th March 2018, the share price of Boustead plunged to S$0.76. The Company took opportunity and purchased 2,220,400 shares by way of market acquisition as part of its share buy-back programme.  Today, the Company purchased a further 26,705,100 shares by way of market acquisition. Today, Boustead Singapore said that a substantial shareholder has expressed his intention to make an exit. I am curious who this substantial shareholder is. From FY2017 annual report, the below shows the twenty largest shareholders of Boustead...

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Profit Update After A Month of Mining Ethereum

I have been mining Ethereum for slightly more than a month since I built my own Ethereum mining rig in end January 2018 (Read more here: My Sweet Retirement Builds A Cryptocurrency Mining Rig). Below shows the Ethereum I have sent to my Coinbase account from another the wallet that I received the mining profit. For your information, Coinbase does not accept mining profits directly. As such, you need to use another wallet to receive the profits such as MyEtherWallet. As you can see, a full month of mining roughly works out to be S$497.76 of profit. Just to...

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WeWork Leases Office Space From CapitaMall Trust and Frasers Commercial Trust

Recently, while I was flipping through the financial results presentation slides of two REITs, namely CapitalMall Trust and Frasers Commercial Trust, I came across this company called “WeWork” that seem to take up quite a substantial square feet of office space in these two REITs. WeWork Singapore has committed to lease around 28,700 square feet of space at one of China Square Central’s heritage shophouse blocks. The company had leased 40,000 square feet of office space across two floors of Funan’s North Office Block, becoming Funan’s first office tenant. Being curious, I looked up the term “WeWork”. This is...

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Will Growth Continue For OUE Hospitality Trust After 4Q2017

The last time I reviewed OUE Hospitality Trust was last year May 2017 ( OUE Hospitality Trust 1Q2017 Results – Signs of Recovery? ). OUE Hospitality Trust released their 4Q2017 financial results on 30th January 2018 however I only managed to take a look at it recently. I am glad that their Hospitality segment recorded higher income due to better operating performance of Mandarin Orchard Singapore and full-year contribution from the enlarged 563-room Crowne Plaza Changi Airport. Annual Distribution per unit increased 11.5% from 4.61 cents to 5.14 cents. This gem has finally reviewed its shine and I hope this...

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Current Dividend Yield of Stocks in My Stock Portfolio

Most of the companies and REITs in my stock portfolio has announced their 4QFY17 financial results. As such, I am able to tabulate the total dividends they are paying or have paid out in FY17. I am sure everyone has read about the stock market in a sea of red recently. Is this a buying opportunity? As a dividend investor, I am keen to know what is the current dividend yield for each of the stock I am holding. This will help me in the decision whether I should be buying more or stop buying. Company Name Total Dividends...

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Following Up On Frasers Commercial Trust

I was very much surprised Frasers Commercial Trust was being able to maintain its distribution per unit of 9.82 cents in FY 2017. Based on the current price of S$1.42, the dividend yield is 6.92% which I consider very much attractive compared to other REITs at the moment. I looked at Frasers Commercial Trust almost one year ago ( Frasers Commercial Trust Long Term Play in Office Rental ). It is time for me to take a look at the recent developments, especially news on HP (“Hewlett-Packard”) on whether they are moving out of Alexandra Technopark. First, here are the...

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Kingsmen Creatives FY2017 Financial Results Is Disappointing

Kingsmen Creatives have released their full year 2017 financial results on 22nd February 2018. Revenue decreases 6.8% to S$307.2 million. Net profit decreases 18.1% to S$9.7 million. Earnings Per Share decreased 18.6% to 4.90 cents. What a bad year for Kingsmen Creatives as the financial results are in a sea of red! Here are the financial results across its four business divisions. The Exhibitions and Thematic division registered a revenue of S$136.8 million in FY 2017, a decrease of S$14.7 million or 9.7% from S$151.5 million in FY 2016. The Retail & Corporate Interiors division recorded a revenue of S$143.2 million...

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Tai Sin Electric Second Quarter Financial Results

The share price of Tai Sin Electric fell to S$0.40 after the company released a set of poor results. Despite increasing copper prices, it is heartening to know the company posted a revenue increase in the Cable & Wire business segment although gross profit margin was lower. This segment makes up the largest percentage of the company revenue. Overall, the company cash and cash equivalent decreased to $19.74 million compared to $22.08 million at the end of the last period. This is a 10.6% decrease in cash flow. In summary, the company suffers from higher administrative expenses such as...

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My Sweet Retirement Wishes You A Happy and Prosperous Chinese New Year!

Dear readers and fellow bloggers, My Sweet Retirement wishes you and your family a Happy and Prosperous New Year! Let the 财神爷 God of Fortune bless your stock portfolio in the dog year of 2018! Here are some articles I hope you will enjoy during this festive season! January 2018 My Personal Analysis of Silverlake Axis Free Ten Dollars Ang Bao For Car Owners Mapletree Commercial Trust DPU Increases For 3Q FY17/18 My Sweet Retirement Builds A Cryptocurrency Mining Rig February 2018 Join The Burrow To Learn Secret Financial Tips and Tricks My Personal Analysis of Singtel Seventy Four Percent Invested, Twenty Six Percent...

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Seventy Four Percent Invested, Twenty Six Percent Cash

My cash holdings versus total amount invested fell from 28% in December 2017 to 26% in current month February 2018. I attributed the decrease in cash as I invested S$3K into the Ethereum mining rig that I have self build last month ( My Sweet Retirement Builds A Cryptocurrency Mining Rig ). In the month of January 2018, I contributed S$500 to my SRS account. This is inline with the goal that I have set for myself in the year 2018. I tell myself I have to be discipline and not top up my SRS only at the end of...

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My Personal Analysis of Singtel

Recently, the share price of Singtel has breached its 5 year low, falling as low as S$3.36 as of 12th February 2018. This is after they announced their Q3FY18 net profit fell 8.5% to S$890 million from S$973 million one year ago. Singtel attributed the decline due to lower profits from subsidiaries Airtel, Telkomsel and Globe and also due to lower contribution from NetLink Trust following the divestment of its majority stake in the company. I doubt the divestment of NetLink Trust will have much impact on Singtel’s FY18 profits as NetLink Trust only contributed S$73 million pre-tax profits...

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Join The Burrow To Learn Secret Financial Tips and Tricks

DBS Bank is getting secretive nowadays. Thanks to fellow financial bloggers, I get to know there is this secretive “hole” called “The Burrow” which is a closed Facebook group. According to the about page, as a member of The Burrow, you will be the first to know Special deals curated for The Burrow (and some exclusive only to this community!) Life hacks and tips to unlock the full potential of your DBS Multiplier account Articles and videos to help you make better financial decisions and reach your life goals Weekly bites to achieve master of your money Occasional contests...

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Mapletree Commercial Trust DPU Increases For 3Q FY17/18

If you have followed my blog, you will know that I increased my stake in Mapletree Commercial Trust to 12% of my stock portfolio last year. As Mapletree Commercial Trust has released their third quarter FY17/18 financial results recently, I am writing this post to do a quick check on overall performance. Overall, I am very pleased with their financial results especially that they have achieved a DPU growth of 0.9%. The manager reported higher revenue due to higher contribution from VivoCity and Mapletree Business City I (“MBC I”). Here are the 3QFY17/18 financial results compared with 3QFY16/17. 3QFY17/18...

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My Sweet Retirement Builds A Cryptocurrency Mining Rig

I have always been interested in cryptocurrency mining and has been researching on the internet since last year December on how to do that. Ready made mining rigs sold online are expensive (estimate 5K and above) which deter me from buying one. The other challenge was that I have never build a computer before and thus I did not know where to start from. Recently, with the help of a friend who guided me, I built my own mining rig. The first step was to write down the shopping list on the things I need to build my own...

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