Author: The Fifth Person

12 things I learned from the 2019 Mapletree Commercial Trust AGM

Mapletree Commercial Trust (MCT) owns a mix of retail and commercial properties in Singapore. As of 31 December 2019, MCT’s portfolio of five properties – VivoCity, Mapletree Business City I, PSA Building, Mapletree Anson, and Bank of America Merrill Lynch HarbourFront – is valued at S$7.0 billion. MCT has been one of the better-performing REITs in Singapore since its IPO in 2011. I decided to attend its latest annual general meeting and get an update on the REIT’s latest performance and developments. Here are 12 things I learned from the 2019 Mapletree Commercial Trust AGM: 1. Gross revenue grew...

Read More

11 things I learned from the 2019 Genting Malaysia AGM

Listed in 1989, Genting Malaysia Berhad (GENM) is a household name in Malaysia. It owns Resorts World Genting, a hill resort located in Genting Highlands which is about an hour’s drive away from Kuala Lumpur. Resorts World Genting offers visitors a wide variety of dining, retail, and entertainment options, and a welcome respite from Malaysia’s tropical heat. But most importantly, it operates a casino. I recently visited the resort on a weekday and was surprised to find how crowded it was; it was flooded with tourists, both local and foreign. 2018 was a tough year for GENM as it...

Read More

12 things to know about Ascendas REIT before you invest (updated 2019)

Ascendas REIT (A-REIT) is the first industrial REIT listed on the SGX. It owns a portfolio of business & science park properties, high-specification industrial properties, data centres, light industrial properties, flatted factories, integrated development amenities & retail properties, and logistics & distribution centres located across Singapore, Australia, and the UK. Presently, A- REIT is worth S$9.5 billion in market capitalisation and is, thus, the largest industrial REIT in Singapore. In this article, I’ll cover its recent developments in 2019, latest annual results, and stock valuation. Here are 13 things to know about Ascendas REIT before you invest: 1. A-REIT’s...

Read More

10 things I learned from the 2019 Netlink Trust AGM

Netlink NBN Trust is the sole owner of Singapore’s passive fibre network infrastructure, which provides nationwide coverage of fibre broadband services. It is also responsible for the maintenance and operation of any infrastructure related to the fibre network, including ducts, manholes, fibre cables, and central offices. As a business trust, Netlink distributes 100% of its cash flows after company expenses such as management costs and interest payments. This enabled the company to pay shareholders a healthy distribution per share of 4.88 cents over the past year. This translates into an attractive yield of 5.55% based on its closing price...

Read More

10 things I learned from the 2019 Netlink Trust AGM

Netlink NBN Trust is the sole owner of Singapore’s passive fibre network infrastructure, which provides nationwide coverage of fibre broadband services. It is also responsible for the maintenance and operation of any infrastructure related to the fibre network, including ducts, manholes, fibre cables, and central offices. As a business trust, Netlink distributes 100% of its cash flows after company expenses such as management costs and interest payments. This enabled the company to pay shareholders a healthy distribution per share of 4.88 cents over the past year. This translates into an attractive yield of 5.55% based on its closing price...

Read More

8 things to know about Heineken Malaysia before you invest (updated 2019)

Incorporated in 1964, Heineken Malaysia Berhad is one of two licensed breweries in Malaysia. Presently, it operates from a brewery situated along the Federal Highway at Petaling Jaya, Selangor. As of 5 August 2019, Heineken Malaysia is worth a total of RM6.9 billion in market capitalisation. I recently went through its latest 2018 annual report 2018 and will give an update of its latest results, long-term business performance, and stock valuation. Here are eight things to know about Heineken Malaysia before you invest: 1. Heineken Malaysia has achieved a compound annual growth rate (CAGR) of 5.35% in group revenues,...

Read More

10 things I learned from the 2019 Mapletree Logistics Trust AGM

Mapletree Logistics Trust (MLT) is Singapore’s first Asia Pacific-focused logistics real estate investment trust with a portfolio of 141 properties in Singapore, Hong Kong, Japan, China, Australia, South Korea, Malaysia and Vietnam. As of 31 March 2019, MLT’s portfolio was valued at S$8.0 billion. To me, warehouses used to be regular commodity. However, the rise of e-commerce has given certain logistic properties a competitive advantage over others – especially those in prime locations near logistic hubs that can expedite same-day delivery to customers. Over the past two decades, Hong Kong has seen a migration of warehouses towards the northwest...

Read More

12 things to know about PPB Group before you invest

Incorporated in 1968, PPB Group Berhad has grown into one of the biggest conglomerates in Malaysia. It is also one of the 30 largest listed corporations on Bursa Malaysia and, thus, a constituent of the FBM KLCI. As at 31 July 2019, PPB is worth RM26.5 billion in market capitalisation. I recently went through its 2018 annual report and will be covering PPB’s latest financial results, long-term performance, and valuation in this article. Here are 12 things to know about PPB before you invest: 1. Wilmar International Ltd: PPB owns a 18.5% stake in Wilmar, a Singapore-listed integrated agriculture...

Read More

10 things I learned from the 2019 Mapletree North Asia Commercial Trust AGM

Mapletree North Asia Commercial Trust (MNACT) is a REIT that owns nine commercial properties in China, Hong Kong, and Japan. As of 31 March 2019, MNACT’s portfolio of properties was valued S$7.6 billion. The ongoing protests in Hong Kong have made headline news around the world recently and I was interested to learn more about the REIT and how the protests would affect its business in Hong Kong. Here are 10 things I learned from the 2019 Mapletree North Asia Commercial Trust AGM: 1. Gross revenue grew 15.1% year-on-year to S$408.7 million and net property income grew 14.6% YoY...

Read More

11 things to know about ViTrox Corporation before you invest

ViTrox Corporation Berhad develops, manufactures, and sells automated vision inspection systems and equipment. The equipment, which can be integrated into their clients’ production lines, is used to check for semiconductor defects. ViTrox was co-founded by Chu Jenn Weng and Siaw Kok Tong in 2000 and the pair remain as executive directors of the company. The company listed in 2005 and has been a multibagger for its investors; since its IPO, ViTrox’s stock has grown 70 times in value: Chart: Google Finance In this article, I’ll give an overview of the company’s business segments and long-term financial performance. Here are...

Read More

15 things to know about Mapletree Industrial Trust before you invest (Updated 2019)

Listed in 2010, Mapletree Industrial Trust (MIT) owns a portfolio of 87 industrial properties in Singapore. It also owns a 40% stake in Mapletree Redwood Data Centre Trust (MRDCT), which owns 14 data centres located across the United States. As of 25 July 2019, MIT is worth S$4.6 billion in market capitalisation. In this article, I’ll cover MIT’s recent developments, latest annual results, and stock valuation. Here are 15 things to know about MIT before you invest: 1. As at 31 March 2019, MIT’s portfolio comprised 101 properties worth S$4.77 billion. Since 2012, portfolio value has grown at an...

Read More

12 things to know about Mapletree Logistics Trust before you invest (updated 2019)

Listed in 2005, Mapletree Logistics Trust (MLT) owns a diverse portfolio of income-producing logistics properties located across Singapore, Japan, China, Korea, Australia, Malaysia, and Vietnam. As of 24 July 2019, MLT is worth S$5.8 billion in market capitalisation, making it one of the largest logistics REITs in Singapore. In this article, I’ll cover its recent developments, latest annual results, and stock valuation. Here are 12 things to know about MLT before you invest: 1. As of 31 March 2019, MLT’s portfolio comprised 141 properties worth S$8.0 billion, up from 124 properties worth S$6.5 billion the year before. This rise...

Read More

12 things I learned from the 2019 Sunway AGM

Established in 1974 and listed on Bursa Malaysia as Sungei Way Holdings Berhad in 1984, Sunway Berhad is widely known as a success story for its transformation from a humble tin mining enterprise to become one of Malaysia’s largest conglomerates with 10 key business divisions that operate across 50 locations worldwide. The group’s core interests are focused on real estate, construction, education, healthcare, retail, and hospitality. The conglomerate’s three public-listed companies — Sunway Berhad, Sunway Construction Group (SunCon), and Sunway REIT — with a combined market capitalization of RM16.5 billion, allows it to effectively execute its ‘Build, Own, Operate’...

Read More

12 things to know about Mapletree Commercial Trust before you invest (updated 2019)

Listed in July 2011, Mapletree Commercial Trust (MCT) owns a portfolio of Singapore retail and office properties including VivoCity and Mapletree Business Centre. As at 31 March 2019, its portfolio was valued at S$7.0 billion. In this article, I’ll bring an update on MCT’s latest financial results, long-term performance, and valuation. Here are 12 things to know about Mapletree Commercial Trust before you invest: 1. VivoCity: Revenue increased 3.0% year-on-year to S$212.9 million in 2019, and net property income (NPI) increased 3.6% to S$162.3 million. This was mainly due to step-up rents in existing leases and securing new leases...

Read More

Why Netflix scares me as an investor, even though I’m a loyal paying customer

Don’t we all adore Netflix? For a small monthly fee, I get to ‘Netflix and chill’, watch episode after episode of Stranger Things until I start to grow roots. Just for that moment, I become the most resilient plant in the house, going hours on end without food, drink, or sunlight. Once, as I emerged from my cave looking like a scruffy hobo after another Netflix binge, I thought to myself: ‘Is Netflix as alluring of an investment as their TV blockbusters?’ Well, let’s have a look at the company together. The trailblazer Netflix was founded in 1997. The...

Read More

Like us on Facebook

Follow us on Twitter