8 things I learned from Al-Salam REIT’s 2017 AGM

For those who have travelled between Singapore and Malaysia through the causeway, you have noticed the City Square Mall located right beside Johor immigration complex. For years, City Square Mall has been the only modern mall located on the main street of Johor Bahru. However, in recent years, the redevelopment of Johor Bahru city has brought us the Komtar JBCC mall. Fully opened only in 2015, … [Read more...]

5 reasons why Moody’s has downgraded China for the first time in nearly 30 years

For the first time since 1989, Moody’s Investors Service has downgraded China’s long-term local currency and foreign currency issuer ratings to “A1” from “Aa3”, on expectations that the republic’s financial strength will erode somewhat over the coming years due to rising economy-wide debt as potential slows. China’s local currency bond and deposit ceilings, as well as the foreign currency bond … [Read more...]

8 things I learned from Cambridge Industrial Trust’s 2017 AGM

Cambridge Industrial Trust (CIT; SGX: J91U) is an industrial REIT with a portfolio of 49 industrial, logistics, and warehousing properties located in Singapore. The properties have a total net lettable area of 7.7 million square feet. As at 31 December 2016, its portfolio was worth $1.35 billion. It has been a period of transition for CIT. CEO Philip Levinson resigned in November 2019 which was … [Read more...]

7 things you need to know about LPI Capital before you invest

Perhaps, if you’re reading this, you’ve already bought several insurance policies. Individually, these policies include a medical card and multiple life insurance products. If you have a car, you would’ve bought motor insurance. If you are a property owner, you would’ve purchased multiple insurance products to insure damages against fire, theft and natural disasters. Hopefully, we won’t need to … [Read more...]

8 things we learned from UOA REIT’s 2017 AGM

We arrived at around 8:15 a.m. to attend UOA Real Estate Investment Trust’s (UOA REIT) 2017 AGM but unitholders/proxies had already formed two long queues to register themselves. While queuing up, we overheard a unitholder complaining that the number of unitholders for this year’s AGM had doubled compared to the previous year. Another unitholder replied, “Huh? You’re not aware of the current … [Read more...]

11 things I learned from Genting Singapore’s 2017 AGM

Singaporeans, I’m sure, are all too familiar with the only two integrated resorts (read: casinos) in the country, Marina Bay Sands and Resorts World Sentosa. While the former has become an iconic addition to the Singapore skyline and a popular sightseeing destination, Resorts World has built its name as a family and lifestyle destination due to its location in Sentosa and the Universal Studios … [Read more...]

30 years from now: how much your lifestyle will cost in 2047

One of the major threats to a retirement fund is inflation. With rare exceptions, the cost of living will always increase — you could buy a satay stick for one cent in the 1960s and those of us who grew up in the 1980s will remember how a big a sum $500 used to be. As such, a lot of people who make sweeping statements — such as “I’ll only need $1,000 a month to survive” — may be far off the … [Read more...]

7 things we learned from AmanahRaya REIT’s 2017 AGM

AmanahRaya REIT (ARREIT; Bursa: 5127) was established in Oct 2006 and was listed on Bursa Malaysia in Feb 2007. As at 31st Dec 2016, the portfolio of ARREIT comprised 15 properties with a total asset value of RM1.04 billion. The REIT manager is a joint venture between AmanahRaya-REIT Managers and Kenedix Asia.  Kenedix Asia, via its local identity KDA Capital Malaysia, acquired 49% of … [Read more...]

12 things I learned from Parkway Life REIT’s 2017 AGM

Parkway Life REIT (PLife REIT; SGX: C2PU) has been in our portfolio for a number of years now and has given us solid capital gains and a consistent dividend yield since. This isn’t a surprise as PLife REIT enjoys a stable 15 + 15-year master lease with Parkway Hospitals in Singapore with an annual rental escalation that increases at the inflation rate + 1%. This has translated into steady … [Read more...]

Passive index investing and the dislocation of value

Jack Bogle of the Vanguard Group is essentially the savior of a great many investors out there who save and invest for their retirement. Buffett himself called Bogle a hero and championed his philosophy of passive investing. Buffett told everyone (his children, most investors) to chuck their money in passive index funds and not do anything else. Vanguard is most famous for its numerous funds that … [Read more...]

7 things I learned from Al-`Aqar Healthcare REIT’s 2017 AGM

Over the past year, I found myself in and out of a KPJ Specialist Hospital. The reason was because my wife was expecting and our obstetrician is a doctor with a clinic in a KPJ Specialist Hospital. We ended up having to spend hours waiting for our turn to see the doctor every month. During that time, I couldn’t help but notice how crowded the hospital was every time I visited. So, during the … [Read more...]

Can the strength of the ringgit be sustained?

The Malaysian ringgit is turning out to be the best-performing currency in the region, so far this year. This is a sharp reversal of its fortunes, after being heavily sold down in November-December last year. I believe this has much to do with our improved exports and outlook, and in particular Bank Negara’s new ruling (announced in December), which mandates that at least 75% of all export … [Read more...]

8 things I learned from Delfi Limited’s 2017 AGM

If you shop the confectionery aisle at your local supermarket, you may come across a familiar brand of chocolate lining the supermarket shelves called Delfi. If you have the impression that Delfi chocolate hails from Switzerland, you probably wouldn’t be the first to say that due to the brand’s Western sounding name and skier logo superimposed on a background of a mountain range. However, Delfi … [Read more...]

4 reasons why property may not be the best asset for retirement

Property investments have long been favoured in Asian cultures, and Singapore is no different. The appeal is as much psychological as it is financial: you can stand inside a house you own, but you can’t see a stock or bond (well, not unless you bother to get the certificate). But take away this appeal, and what’s left in terms of real numbers? The pros of property Let’s look at the basic upsides … [Read more...]

StarHub posts 21% decline in 1Q earnings to $73 mil on higher expenses, lower other income

StarHub has reported $73.1 million in earnings for the 1Q ended March, 21.3% lower as compared to $92.8 million reported the year before on the back of higher operating expenses and lower other income. Revenue for the quarter grew 0.2% on-year to $592.3 million from $590.9 million in the previous year. Broadband service recorded higher revenue at $54 million during the quarter from an increased … [Read more...]

4 main investing strategies you should know

In the professional investing world, there is a popular saying that all the portfolio managers and analysts talk about: “there’s more than one way to skin a cat.” This refers to the concept that there is no such thing as the absolute “best” investment strategy. Instead, every investment strategy has its own unique set of strengths and weaknesses, and it’s up to … [Read more...]

9 things we learned from KLCCP Stapled Group’s 2017 AGM

We always wondered why unitholders love to attend KLCCP Stapled Group’s annual meetings until we attended one for the first time at the Mandarin Oriental this year. The meeting was scheduled to start at 10:30 a.m. but, to our surprise, the venue was already packed when we arrived at 8:15! What attracts the hordes of unitholders to turn up for the AGM every year without fail? The free flow of food … [Read more...]

7 things I learned from Keppel Telecommunications & Transportation’s 2017 AGM

Keppel Telecommunications & Transportation (Keppel T&T) is a subsidiary of SGX-listed Keppel Corp and offers integrated services and solutions in two key segments: logistics and data centres. Its logistics division operates in six countries — Singapore, Malaysia, Indonesia, Vietnam, China, and Australia — and provides warehouse management and supply chain management for its … [Read more...]

3 reasons why bond investing is a negative art

A large number of retail investors are more familiar with investing in equities (stocks) than there are with bonds. The reason is simple, the “smart money” in Singapore have been recently burnt by failing bonds and defaults. Articles on our richer citizens being burnt are aplenty – here, here, here, here and here – and it’s easy to see why the average retail investor might want nothing to do with … [Read more...]

7 reasons why Heineken Malaysia should be on your watchlist

A party or celebration is not complete without alcohol – and for many of us, that means beer. When it comes to our favorite beers, I’m sure Heineken, Guinness, and Tiger are not far from the top of the beer drinker’s list. Yet, some of us may not know that all these brands are produced by the same company in Malaysia: Heineken Malaysia Berhad. Heineken Malaysia is the largest alcoholic beverage … [Read more...]