Author: My Sweet Retirement

November 2018 Singapore Savings Bonds is 2.48%

It is the start of a new month again. As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. This month, the effective interest rate for November 2018 Singapore Savings Bonds (GX18110Z) if you held it for 10 years is 2.48%. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for November 2018 Singapore Savings Bonds, the next payout will be May 2019 and November 2019 respectively. If you own a...

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Funan Opening Ahead of Schedule in 2Q2019

Time really flies and I remembered I wrote about Funan DigitaLife Mall being closed for redevelopment in the year 2015 (Read more: Funan DigitaLife Mall Closing for Redevelopment). There is a piece of good news for CapitaMall Trust share holders. Funan is opening ahead of schedule in 2Q 2019. The retail as well as its office components are now slated to open in 2Q 2019, instead of the earlier announced 3Q2019. The opening of lyf Funan Singapore, a coliving serviced residence component within Funan, managed by The Ascott Limited, has also been brought forward from 2020 to 4Q 2019. Occupancy Mr Tony...

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Summary of September 2018 Transactions

Earlier this month, I have added more Frasers Logistics and Industrial Trust into my stock portfolio. As such, my percentage holdings of Frasers Logistics and Industrial Trust has increased from 13% to 15% of my entire stock portfolio. At the current yield of 6.88%, Frasers Logistics and Industrial Trust is still attractive to me (Read more: What To Invest Now? ). If you have read my recent post, you will also know that I am waiting for an opportunity to buy into Frasers Commercial Trust as well (Read more: My Personal Analysis Of Frasers Commercial Trust). The stock price of Frasers...

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Is My Sweet Retirement Suffering?

Recently, Dr Wealth blogged about the topic “Are Financial Bloggers Suffering?”. The topic has drawn the attention of many fellow financial bloggers. It has also got me thinking “Is My Sweet Retirement Suffering?” This recent topic sounds pretty similar to a blog post I written two years ago about the struggle to Financial Freedom. (Read more: The Path to Financial Freedom). I remembered a conversation with my wife. I told her we need to cut our expenses to free up some cash flow. She replied that we should find ways to earn more money instead. If you followed my blog,...

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Taking a Look Into CapitaMall Trust Acquisition of Westgate

Last month, CapitaMall Trust has announced the proposed acquisition of the remaining 70.0% of the units in IMT which holds Westgate from CMA Singapore Investments (4) Pte. Ltd. and CL JM Pte. Ltd for $789.6 million. Including acquisition related expenses, it was estimated to cost $805.5 million. Westgate is one shopping mall where I vaguely remembered a small section of its ceiling collapsed due to heavy rain in the year 2014. If you didn’t know, CapitaMall Trust currently owns 30.0% of units in Infinity Mall Trust (IMT) which holds Westgate. Investors are negative about the proposed acquisition as they...

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My Personal Analysis Of Frasers Commercial Trust

Frasers Commercial Trust (“FCOT”) currently makes up 2% of my stock portfolio. I cannot remember how long I have held this REIT but I have bought it in my early days of investing. I have been hesitating to increase my holdings of FCOT because China Square Central and Alexandra Technopark are both undergoing Asset Enhancement Initiative (“AEI”). Another reason was Hewlett Packard vacating Alexandra Technopark, which has a pretty big impact on its rental income since HP used to be one of its top ten tenants. With AEI at Alexandra Technopark completing in 2H2018 and China Square Central in 2H2019,...

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Frasers Logistics and Industrial Trust Acquires NSW Property and QLD Property

Following the recent divestment of two Australian properties (80 Hartley Street and Lot 102 Coghlan Road), the manager of Frasers Logistics and Industrial Trust had completed the acquisition of two prime properties in Australia for A$62.6 Million. This is no surprise and as per their previous announcement that they will use the proceeds from the divestment to fund potential acquisition opportunities. The manager has mentioned that the acquisition is expected to improve the distribution per unit. Stock analysts have estimated a debt headroom of A$190m before reaching the 40% gearing ratio. Thus, I do not foresee any further acquisition in the near...

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Frasers Logistics and Industrial Trust Acquires NSW Property and QLD Property

Following the recent divestment of two Australian properties (80 Hartley Street and Lot 102 Coghlan Road), the manager of Frasers Logistics and Industrial Trust had completed the acquisition of two prime properties in Australia for A$62.6 Million. This is no surprise and as per their previous announcement that they will use the proceeds from the divestment to fund potential acquisition opportunities. The manager has mentioned that the acquisition is expected to improve the distribution per unit. Stock analysts have estimated a debt headroom of A$190m before reaching the 40% gearing ratio. Thus, I do not foresee any further acquisition in the near...

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Tai Sin Electric Limited FY18 Financial Results

Recently, Tai Sin Electric Limited had announced their full year financial statement for the year ended 30 June 2018. A dividend of 1.50 cents was also declared. I have done My Personal Analysis on Tai Sin Electric Limited last year (2017) and have added this small cap stock to my wife’s stock portfolio. The stock price had declined slightly since I bought this stock for my wife. Cable & Wire business segment, which was the main revenue contributor to Tai Sin Electric Limited was affected by the increase in copper prices over the past quarters. This have caused their gross...

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Tai Sin Electric Limited FY18 Financial Results

Recently, Tai Sin Electric Limited had announced their full year financial statement for the year ended 30 June 2018. A dividend of 1.50 cents was also declared. I have done My Personal Analysis on Tai Sin Electric Limited last year (2017) and have added this small cap stock to my wife’s stock portfolio. The stock price had declined slightly since I bought this stock for my wife. Cable & Wire business segment, which was the main revenue contributor to Tai Sin Electric Limited was affected by the increase in copper prices over the past quarters. This have caused their gross...

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October 2018 Singapore Savings Bonds Is 2.42%

It seems that the effective interest rate for Singapore Savings Bonds is declining. This month, the effective interest rate for October 2018 Singapore Savings Bonds if you held it for 10 years is 2.42% which is 0.02% lower than the previous month. As usual, I will be applying for October 2018 Singapore Savings Bonds (GX18100V). It seems that it has became a routine for me to stash some cash away as a form of emergency fund when the need arises. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for...

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October 2018 Singapore Savings Bonds Is 2.42%

It seems that the effective interest rate for Singapore Savings Bonds is declining. This month, the effective interest rate for October 2018 Singapore Savings Bonds if you held it for 10 years is 2.42% which is 0.02% lower than the previous month. As usual, I will be applying for October 2018 Singapore Savings Bonds (GX18100V). It seems that it has became a routine for me to stash some cash away as a form of emergency fund when the need arises. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for...

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Summary of August 2018 Transactions

The month of August is ending and it is time to reflect on my monthly stock transactions. This month, I have divested Suntec REIT. With the proceeds, I have stick to my original plan and invested them into Frasers Logistics and Industrial Trust. As such, the percentage of Frasers Logistics and Industrial Trust increases from 11% to 13% in terms of total invested amount of my stock portfolio. You can read more here ( What To Invest Now? ) on how I came to the decision to invest in Frasers Logistics and Industrial Trust instead of other REITs in my...

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The Hour Glass Benefits From Revived Demand From Chinese Shoppers

The Hour Glass has been suffering from the downtrend in the luxury goods market in both Hong Kong and China due to the clamp down of corruption from the Chinese government since 2015. This can be seen from the share price where it fell from its highest peak of S$0.88 to around S$0.71. And yes, I was vested prior to the plunge in share price. The Hour Glass currently makes up 3% of my entire stock portfolio. Re-capping my reasons to stay invested: Simple luxury watch business Good management Consistent dividend Consistent profitability and performance (Revenue, Profits and NAV)...

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What To Invest Now?

  Previously, I wrote about re-investing the money I gotten from the sale of Suntec REIT. This puts me in a dilemma as I do not know which REIT in my stock portfolio should I increase my position. Thus, the best way to find out is to compare their current dividend yield for better decision making. The minimum criteria for my next REIT selection is that the current dividend yield should be better than Suntec REIT which currently yields 5.21% based on the current price of S$1.92. From the below table that I have tabulated, ParkwayLife REIT is definitely...

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