Author: Risk N Returns

My views on REITs (Guest Appearance)

I was recently contacted by Kevin Shee, an entrepreneur and investor from Hong Kong via Facebook. Apparently, he found me through my Prime US REIT article on DrWealth. We chatted a few times about S-REITs and he thought it would be great if I were to share my views on his podcast, the Kevin Shee Show. The Kevin Shee Show is a relatively new podcast about entrepreneurship, investing, technology and other topics. I sat down with him on National Day over Skype to talk about a variety of REIT related topics on his podcast. Here it is for your...

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Rekindling my Love of Learning

If you didn’t know, I’m a bit of a nerd. Yup a real shocker. During my undergraduate days, especially in my final years, I would get excited about going to class and doing my tutorials. So you can imagine my excitement now that I’m embarking on my Masters next week! To think 10 years has passed since my freshmen orientation camp… god I feel so old. Yesterday was orientation day so here’s a quick recap, some excited rambling and discussions on the implications on this blog. Orientation Registration The Postgraduate Orientation programme was crammed into a single day with...

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My Favourite Finance related Shows

I always struggle when trying to educate friends and family with little to no personal finance and investing knowledge. As a result, I’m always interested in ways to introduce personal finance and investing knowledge to this group of people. One way I thought of is to introduce them to great shows / videos already out there in popular culture or on the Internet. In today’s article, I compile a list of my favourite finance themed shows / videos that newbies can enjoy and the lessons they can learn from them. Movies The Big Short The Big Short is a...

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How not to control your expenses

Chief among all the anime and video games, the iDOLM@STER game was Nick’s favourite. Now, unless you are into this niche genre of anime / games (I believe most Singaporeans aren’t), you would be scratching your head right now. Even I don’t fully understand every aspect of it, but here’s my personal interpretation. When I say game, what I really mean is an ecosystem. It started as a game in 2005, it has since spun off a whole host of other media (CDs, Concerts, Anime, other merchandise, etc). Collectively, they engage fans <strike>and milk them dry of their...

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Singapore Savings Bonds (SSBs) – September 2019 Issue

At Risk N Returns, I’m passionate about promoting sensible DIY investing through sharing my thoughts or documenting my investing journey. While I love to take calculated risks, I recognise that most Singaporeans don’t. So here’s a relatively risk free way to invest your warchest or emergency funds with almost no lock-up period and generally higher yields than fixed deposits – the Singapore Savings Bond. Here’s the latest issue details: 1. Latest SSB issue details Issue Code: GX19090HAmount Available: $350 millionIssue Date: 2 Sep 2019Coupon Date: 1 Mar & 1 SepMaturity Date: 1 Sep 2029Application: 1 Aug 6 pm to...

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Portfolio @ July 2019

Performance Indicators / Dividends YTD Time weighted return: 20.72% XIRR since portfolio inception in 2013: 16.22% Dividends collected: SGD 4,067.28 Cum-Dividend: Capitaland Mall Trust: SGD 110.96 Visa Inc: USD 7 Coasting higher July marks the start of earnings season again. Earnings season is always fun as most of my REITs declare distributions while you get to dive into the results of some of the other companies. Surprisingly, my personal portfolio coasted higher in spite of gut punch from SingTel post XD. This added about $3k or 2% in portfolio value month on month to settle at $160,557. Performance My...

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Valuing Singapore Press Holdings (SPH) Ltd

Singapore Press Holdings (SPH) used to be a dividend investor’s dream – a consistent dividend payer in a defensive sector. That all changed with the advent of online advertising. Faced with a competitor that offered advertisers better return on investment, advertising revenues at traditional media formats like SPH’s newspapers plummeted. In response to another disappointing quarter, SPH returned to its 52 week low recently. Having not done much research and valuation work on SPH in the past, I thought I’ll do some now to see if there is any value in this company. Background SPH management has been slowly...

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SG Open Electricity Market Guide – Updated Q3 2019

The Open Electricity Market is now fully rolled to all Singapore consumers. One question everyone has is – Which is the best electricity plan? Having burnt much of my video gaming time researching this topic, here are my findings and views about choosing an electricity retailer for your home. Disclaimer: While I strive to ensure all information below is accurate, I too am human and may mess up from time to time. For the most accurate information, approach the respective retailers directly. For those who are only interested in price plan comparisons, here’s are the links: Standard Plans Fixed...

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Prime US REIT IPO Highlights

One observation I had of the property portfolio was the relatively low occupancy of Tower 1 Emeryville and I asked management to enlighten me on the cause of the low occupancy and the latest occupancy rates at the property. Apparently 2 tenants abruptly left the property and they had to search for new tenants. Currently the occupancy of the building is back to about 91%, so no worries there. The Prime US REIT IPO is currently available for subscription and will close next Monday at 12pm. It will begin trading at 2pm, 19 July. Other US IPO articlesARA US...

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Why size matters for REITs

If you have been closely observing the S-REIT market recent years, you will notice there is an obsession by REITs to grow. This can be seen from the flurry of mergers that have happened / are going to happen like the Ascendas Hospitality – Ascott merger, OUE Commercial – Hospitality merger and ESR – Viva Industrial Trust merger. If they’re not doing mergers, they are looking to acquire properties, with too many examples to mention here. Given all these activity, it feels like a right time to explain this phenomenon and what it means for the S-REIT sector. Why...

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Frasers Logistics and Industrial Trust to acquire 12 properties from sponsor Frasers Property

It was a jam-packed newsworthy day yesterday in the REITs space with the proposed merger of Ascott REIT and Ascendas Hospitality Trust (AHT), the MAS consultation on increasing gearing limits on REITs and a proposed acquisition of 12 properties by Frasers Logistics and Industrial Trust (FLT) from its sponsor. To be honest, I was kinda irritated by the merger as I am in the midst of writing my REIT Spotlight on AHT and this would put another thing on my plate for that article. Anyway, I decided to focus on FLT as it is something closer to my heart....

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Singapore Savings Bonds (SSBs) – August 2019 Issue

At Risk N Returns, I’m passionate about promoting sensible DIY investing through sharing my thoughts or documenting my investing journey. While I love to take calculated risks, I recognise that most Singaporeans don’t. So here’s a relatively risk free way to invest your warchest or emergency funds with almost no lock-up period and generally higher yields than fixed deposits – the Singapore Savings Bond. Here’s the latest issue details: 1. Latest SSB issue details Issue Code: GX19080EAmount Available: $350 millionIssue Date: 1 Aug 2019Coupon Date: 1 Feb & 1 AugMaturity Date: 1 Aug 2029Application: 1 Jul 6 pm to...

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Portfolio @ Jun 2019

Performance Indicators / Dividends YTD Time weighted return: 18.20% XIRR since portfolio inception in 2013: 15.93% Dividends collected: SGD 3,021.11 Cum-Dividend: SingTel: SGD 663.40 Best. June. Ever. The market did a massive 180 in June after the correction in May, with the US market posting the best June performance in 50 years. My personal portfolio would have surged to all time highs if I had not withdrawn significant sums (more on that later). It still did very well in spite of withdrawals to settle slightly down m-o-m at $157,281. Performance My portfolio value fell by about $5k which comprised...

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Building S-REIT Dashboards

Once you click through to the S-REIT Dashboards page, scroll down to find the REIT you wish to know more about. At the moment, I’ve not written about every single REIT in the market. As such, not all REITs have their dedicated dashboard / page.  Those that I’ve written about, you will be able to at least get to a page with all the blog posts that I’ve written about the particular REIT. The more interesting ones are for REITs that I’ve written a REIT Spotlight article for. These would have a dedicated dashboard. Currently, only 2 REITs have dedicated...

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