Author: My Sweet Retirement

Frasers Logistics and Industrial Trust DPU Jumps 2.9%

Frasers Logistics and Industrial Trust announced its 3QFY18 results on 1st August 2018. Distribution Per Unit (“DPU”) increased by 2.9% in 3QFY18 as compared with 3QFY17. This is definitely a great piece of news for me as I have recently increased my allocation of Frasers Logistics and Industrial Trust in my stock portfolio from 8% to 11%. Increasing dividend yield is one of the factors I look for when investing in REITs. If you didn’t notice from the presentation slides, the manager has elected to receive 82.9% (9MFY17: 100%) of management fees in the form of units. In my opinion,...

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August 2018 Singapore Savings Bonds is 2.44%

  The effective interest rate for September 2018 Singapore Savings Bonds if you held it for 10 years is 2.44%. As usual, I will be applying for September 2018 Singapore Savings Bonds (GX18090T). Reading about the increasing retrenchment rate in Singapore as compared to last quarters reminded me to continue building my emergency fund. The best place is to build an emergency fund and collect interest is the Singapore Savings Bonds as one of the benefit is there is no lock in period for the bond. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months....

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Starhill Global REIT 4Q2017/18 Financial Results Continue to Disappoint

Starhill Global REIT released its 4QFY17/18 financial results on 27th July 2018. The financial results are still depressed due to weaker contributions from the office portfolio and retail scene. In fact, this is similar to its 3QFY17/18 financial results which I wrote in the last quarter (Read more: Starhill Global REIT 3Q2017/18 Results Is Disappointing ). There are no signs of improvement. $1.6 million of income available for distribution for 4QFY17/18 has been retained for working capital requirements. This is similar to 3Q2017/18 and it gives me the creeps whether Starhill Global REIT is running into some financial troubles. Total...

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Summary of July 2018 Transactions

I have been holding on to the cash that I had from the delisting of AusNetServices from Singapore Stock Exchange (SGX). After a quick screening through my stock portfolio, I decided to increase my holdings of Frasers Logistics and Industrial Trust from 8% to 11%. The share price of Frasers Logistics and Industrial Trust hovers at S$1.04 to S$1.05 and may possibly go lower due to the weakening Aussie dollar against Singapore dollar. At the point of writing, S$1.00 translates to A$0.99. Given the current share price of S$1.05 and estimated dividend of 7.22 cents for FY18, this translates to...

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CapitaMall Trust 2Q2018 Results – Increasing DPU

  CapitaMall Trust has released its 2Q2018 financial results. Both Gross revenue and Net Property Income has increased by 1.6% and 2.8% respectively despite the lack of income from Sembawang Shopping Mall due to its divestment some time back (Read more: CapitaLand Mall Trust 1Q2018 Financial Results and Divestment of Sembawang Shopping Mall ). Distribution per unit increased 2.2% for 2Q2018 as compared to 2Q2017. As a dividend investor, this is something I applaud CapitaMall Trust for. At the point of writing, the share price of CapitaMall Trust currently stood at S$2.16. Comparing it with the Net Asset Value of...

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Screening For Dividend Stocks Using Stocks Cafe Stock Screener

With my recent post on the FSMOne stock screener I found (Read more: Screening For Dividend Stocks Using The FSMOne Stock Screener ), one of my readers recommended me to take a look at Stocks Cafe’s stock screener. I mainly use Stocks Cafe to track the dividends for the stocks in my portfolio. I decided to try out Stocks Cafe’s stock screener to compare how it fares against the FSMOne stock screener. Similar to the criterias I used previously, here are the same conditions that I have set up to screen for dividend stocks. Running the Stocks Cafe’s stock screener...

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Frasers Commercial Trust Divests 55 Market Street

Frasers seems pretty active in the divestment of their assets. I believe this is part of capital recycling. With Frasers Logistics and Industrial Trust announcing the divestment of one of their Australian asset ( Frasers Logistics and Industrial Trust Divests 80 Hartley Street Asset ), I received notification that Frasers Commercial Trust is divesting one of their Singapore properties, which is 55 Market Street. Frasers Commercial Trust currently makes up 2% of my stock portfolio. 55 Market Street is a 16-storey commercial property located in Raffles Place. The tenure is 999 years starting from April 1826. The total net lettable...

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Screening For Dividend Stocks Using The FSMOne Stock Screener

How do you usually identify stocks to buy? One of the method I use is via a stock screener. With the death of Google finance stock screener, I couldn’t find a good decent one and of course for free! Recently, I found an excellent stock screen at Fundsupermart (FSMOne) website that fit my needs. The user interface is clean, sleek, easy to use and most important of all, it has all the basic criterias that I can set and filter. Below are the basic criteria that you can do set with the Fundsupermart stock screener. Dividend Yield As a...

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Frasers Logistics and Industrial Trust Divests 80 Hartley Street Asset

The manager for Frasers Logistics and Industrial Trust is full of action. After the recent aggressive acquisition of Germany and Netherlands assets, it has recently announced a divestment of one of its Australian asset. Frasers Logistics and Industrial Trust will be divesting one of its Australian asset (“80 Hartley Street, Smeaton Grange, NSW”) for A$90.5 million (S$90.5 million). The Property was purpose-built for Coles Supermarkets Australia Pty Ltd and will have a remaining lease term of approximately five years, upon extension of the existing lease. The sale consideration is 40.3% above the book value of the Property of A$64.5 million...

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August 2018 Singapore Savings Bonds is 2.57%

The effective interest rate for August 2018 Singapore Savings Bonds if you held it for 10 years is 2.57%. I have thought the effective interest rate will trend higher but it didn’t. This month’s interest rate was slightly lower than the previous month. As usual, I will be applying for August 2018 Singapore Savings Bonds (GX18080F). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for August 2018 Singapore Savings Bonds, the next payout will be February 2019 and August 2019 respectively. By subscribing to August 2018 Singapore Savings Bonds, I completed...

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Sixty Five Percent Invested, Thirty Five Percent Cash

As the old saying goes, “Cash is King”. My cash on hand got a boost this month as I receive my company’s performance bonus. In the same month, I have received the payout from the sale of AusNetServices due to the sale of my share via the share sale facility. Today, I have received the notification letter from SGX with regards to the sale of my shares. My AusNetServices shares were sold at S$1.58 and I am pretty happy as the price sold was better than expected. Total gains together with dividends collected as over a hundred percent. My...

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Summary of June 2018 Transactions

There are a few changes to my stock portfolio for the month of June 2018, mainly AusNetServices, Frasers Logistics and Industrial Trust and Singapore Savings Bonds. If you are a shareholder of AusNetServices, you should have received a notification that AusNetServices is delisting from Singapore Stock Exchange. AusNetServices will still be listed on the Australian Exchange. Two options have been offered to investors which is to either opt for the share sale facility or to transfer your SGX shares to the Australian Register. I have opt for the share sale facility. The delisting of AusNetServices has minimal impact to...

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My Sweet Retirement Mid Year Checkpoint 2018

Time files as half a year of precious time has gone. This year, the U.S Fed has been raising interest rates, impacting the prices of REITs. On a positive note, there are opportunities as prices of REITs dipped slightly. It is unclear whether REITs can maintain their full year DPU but we shall monitor and see over the next few quarters. Recently, I received my performance bonus at work. I have expected a lower payout as compared to last year. This is the first year I am on the role of a manager and I am glad I did...

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Results of My Application for Frasers Logistics and Industrial Trust Preferential Offering

Last month, I have bought Frasers Logistics and Industrial Trust which entitles me to the recent public placement via Preferential Offering. One Preferential Offering new unit was offered for every ten existing units of Frasers Logistics and Industrial Trust you held. Each new Preferential Offering new unit was offered at S$0.967. Based on the closing price of S$1.03 on 1st June 2018, the new Preferential Offering new units will be a 6.51% discount if you have applied for it. Yes, I have taken up the offer for the Preferential Offering and also subscribed for excess units. The results of my...

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July 2018 Singapore Savings Bonds is 2.63%

\ The effective interest rate for July 2018 Singapore Savings Bonds if you held it for 10 years is 2.63%. This is the highest interest rate for the past 12 months of Singapore Savings Bonds. In fact, the interest rate is the same as initial issuance of Singapore Savings Bonds in October 2015. As usual, I will be applying for July 2018 Singapore Savings Bonds (GX18070N). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for July 2018 Singapore Savings Bonds, the next payout will be January 2019 and July 2019 respectively....

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