Author: The Fifth Person

9 things I learned from Mapletree Commercial Trust’s 2016 EGM

On 5 July 2016, Mapletree Commercial Trust (SGX: N2IU) (MCT) announced a proposed acquisition of an office and business park property, Mapletree Business City (MBC), for a purchase consideration of $1.78 billion. This will be MCT’s second acquisition since its IPO. As a unitholder myself, I attended the extraordinary general meeting MCT held immediately after its FY2016 AGM to find out more details about the proposed acquisition and to vote on the proposed resolutions. Here are 9 things I learned from Mapletree Commercial Trust’s 2016 EGM: 1. MCT is acquiring Phase 1 of MBC MCT is acquiring Phase 1...

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12 things I learned from Mapletree Commercial Trust’s FY2016 AGM

Many people are familiar with Sentosa and the shopping mall that links directly with the island resort – VivoCity. The mall is the largest in Singapore and enjoys a huge amount of shopper traffic from Singaporeans and tourists alike. Mapletree Commercial Trust (SGX: N2IU) (MCT) is the REIT that owns VivoCity along with three office properties located in and around Singapore’s central business district. MCT is one of the better-performing REITs in my stock portfolio and I attended its annual general meeting to find out how the management plans to maintain MCT’s growth in the year ahead. Here are...

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4 things you need to know about Kingsmen Creatives Limited right now

If you’ve ever walked into an exhibition at Suntec City and admired some of the huge exhibition booths on display or stepped into a nice, newly renovated store of a major retail brand (like Uniqlo above), chances are Kingsmen Creatives was the company behind all that work. Kingsmen Creatives Limited (SGX: 5MZ) provides interior design work and fitting-out services for exhibitions, trade shows, museums, retail stores, and corporate properties. The company was founded in 1976 and employs over 1,600 employees across 19 offices worldwide. It is headquartered in Singapore. Since the Global Financial Crisis of 2008/09, Kingsmen Creatives share...

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15 things I learned from Mapletree Logistics Trust FY2016 AGM

Mapletree Logistics Trust (SGX: M44U) (MLT) is a logistics REIT with 118 properties in eight countries – Singapore, Malaysia, Vietnam, Australia, Japan, Hong Kong, South Korea, and China. The properties include logistics parks, distribution centres, food and cold storage, and industrial warehouses. As you can see from the chart above, Singapore’s industrial production has been especially weak the past 12 months. I attended MLT’s annual general meeting to discover how the REIT performed over its last financial year and how the management planned to navigate the tough economic climate. Here are 15 things I learned from Mapletree Logistics Trust’s...

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17 to 70: How age changes the way you think about money

Your perception and use of money will change with age. Here’s what you can expect as you enter your 20s, 30s, 40s, 50s, and 60s. Why do many Singaporeans regret not saving money after a certain age? Why is budgeting actually harder as you get older? One of the strange facts about money is that your perception of it changes as you grow older.  In many cases, we would benefit from some foresight. The following will prepare you for common shifts in mentalities as you grow older: Money in your late teens (17 to 19) At this age, money...

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5 hurdles for SingPost’s FY17 earnings

UOB Kay Hian has downgraded its rating for Singapore Post (SingPost) from “buy” to “hold”, while lowering its target price from $2.25 to $1.64 respectively. In a Monday report, analysts Andrew Chow and Thai Wei Ying say they have revised their earnings estimates down by 11-18% for FY17-18, anticipating SingPost’s earnings to be reined in by integration headwinds and goodwill provisions from leadership changes. However, they do expect earnings to pick up in FY18. “We continue to view positively SPOST’s steps to improve corporate governance, and deem its transformation to an e-commerce and logistics outfit as necessary,” say Chow...

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5 things you need to know about Overseas Education Limited

Overseas Education Limited (SGX: RQ1) (OEL) operates Overseas Family School – an international school which offers the K-12 International Baccalaureate for children of expatriate parents living in school. The school has over 3,800 students of over 70 nationalities and has been around for more than 20 years. You might have noticed the school when it was located along Paterson Road (especially if you frequented the public carpark behind Ngee Ann City), but the school has since moved to new premises in Pasir Ris – a far cry from the bustle of Orchard Road. OEL’s share price has been on...

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Keppel’s half-year earnings dive; property is now largest contributor

Keppel Corporation saw a 45% fall in earnings to $416 million for the half year ended June from a year ago, with its property division now the largest contributor. Keppel says this was mainly due to weaker operating results from its offshore & marine (O&M) division and also the absence of one-time gains from the infrastructure division compared to the same period a year ago. Net profit from the O&M business fell 59% to $156 million. In contrast, the property division’s net profit rose 18% to $194 million. Net profit from its infrastructure division declined more than 66% to...

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5 warning signs your debt is out of control

For the average Singaporean, debts are a normal part of life. Here’s how to tell if your debts are spiralling out of control. For us average folk, debts are an inevitable part of life. At the very least, most Singaporeans have a home loan to settle. But if you’re struggling to keep up with repayments, your debts may have morphed into a debt crisis. Don’t be afraid to seek debt management help from financial professionals if you think you’re in a debt crisis. Watch out for these five warning signs and act quickly. 1. Your debt ratio exceeds 80%...

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Temasek to take SMRT private with $1.68 per share cash offer

SMRT has received an offer of privatisation from state-owned investment holding company Temasek Holdings. Belford Investments, a wholly-owned subsidiary of Temasek, is offering $1.68 in cash for each share, representing a 9.1% upside to SMRT’s last traded price of $1.54 on July 15. With an outstanding issued share capital of about 1.53 billion shares, the offer price values SMRT at about $2.6 billion. As Temasek already owns some 54% of SMRT, the takeover would cost it nearly $1.2 billion. “Privatisation will provide SMRT with greater flexibility to focus on its primary role of delivering safe and high-quality rail service,...

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How we made 65% returns in seven months investing in Cocoaland Holdings

One of my favorite candies is ‘Lot 100’ and, in my opinion, its mango flavor is the best among the rest. You can easily get the candy from a mom-and-pop store in Singapore. If you observe the packaging, you can find that Cocoaland Holdings (Bursa: 7205) is the manufacturer of the candy brand. The company is listed on Bursa Malaysia and this is a classic example of how investors can make money investing in companies that produce the products and services you regularly spend on. Image: Cocoaland Holdings We made this investment in early 2015 and sold it around...

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5 reasons you should ignore that stock analyst on TV who says “buy”

Armies of stock analysts look at stocks in markets all over the world, determined to uncover those that they can say are a “buy.” They’re the articulate people on CNBC or CNN, employed by the world’s biggest brokerages and investment banks, talking about stocks and markets. Or else they’re the quotable “experts” in the print media. Back in December I wrote, “There’s an entire industry dedicated to telling you what stocks you should buy. The main job of thousands of stock analysts in Singapore and Hong Kong – not to mention London and New York and other financial centres...

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5 types of Singaporeans who attend annual general meetings

If you’re a shareholder who’s attended an Annual General Meeting (AGM), you’ve probably seen the Food Hoarder and the Door Gift Ninja. The Securities Investors Association of Singapore (Sias) has launched a new initiative to make Annual General Meetings more productive. This is much needed, as at present AGMs are not taken quite as seriously as they should be. It’s hard to, given that many shareholders think it is nothing more than a free buffet. Wait, what are AGMs? If you hold stocks for a particular company, you’re likely to be invited to an AGM. An AGM is an...

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MAS expected to retain current policy stance following 2Q GDP results

Citi Research and BNP Paribas have indicated that they do not expect the Monetary Authority of Singapore (MAS) to re-center the SGD nominal effective exchange rate policy band. This comes as the 2Q16 GDP results released by the Ministry of Trade and Industry indicated that the economy grew 2.2% on a y-o-y basis in the quarter, or 0.8% at a seasonally adjusted annual rate. “The data does not provide a conclusive case for downward re-centring in Oct,” says Citi analyst Wei Zheng Kit, lead author for the Citi report dated Wednesday. He places the odds of a re-centring at...

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How much of your portfolio should be in cash?

We all know it’s important to save and invest. But let’s get down to details: how much are you supposed to keep in cash? If you leave too much in cash, you face inflation rate risk. If you invest it all, you may have nothing on hand for emergencies. Here’s how to find the balance: Why not keep everything in cash? The main reason not to store all your wealth in cash is inflation. In most developed countries like Singapore, the government will target an inflation rate of three per cent per annum. The exact reason would take several...

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