7 things I learned from BreadTalk’s 2017 AGM

Late last year, BreadTalk made the announcement that the company had won the franchising rights to operate Din Tai Fung in London. It was certainly good news for shareholders as their investment value in BreadTalk appreciated by 40% to $1.40 in less than six months after the news broke. Beforehand, there was a group of Din Tai Fung lovers who set-up a Facebook fan page to petition the … [Read more...]

12 things I learned from CapitaLand Commercial Trust’s 2017 AGM

With tears welling up in her eyes, she choked on her words slightly as she finished her speech. When she sat down, the audience gave a big round of applause, while the board smiled and nodded their heads in approval. The CEO of CapitaLand Commercial Trust had decided to end her presentation with a show of appreciation for her tenants and business partners who’ve helped make the REIT the success … [Read more...]

9 things I learned from StarHub’s 2017 AGM

Last year, TPG Telecom was awarded the license to become the fourth mobile telco in Singapore. The Australian company is expected to commence operations in 2018. This event is causing a shake-up in the local telco industry as the marketplace is as crowded as it already is. Adding a new telco only increases the bargaining power of consumers over the telcos. We’re now seeing the telcos lowering … [Read more...]

How to rebalance your portfolio for retirement

Building your portfolio is not a one-off event. Even if all your investments are passive, the portfolio has to be “tweaked” now and again, to compensate for changes in the markets. Think of it as car servicing: no matter how well the vehicle is built, the repeated bumps in the road mean you need to change the tyres and replace the suspension at some point. This is true even for retirement … [Read more...]

11 things I learned from Amanah Harta Tanah PNB’s 2017 AGM

Amanah Harta Tanah PNB (AHP) is a Malaysian REIT that first listed in 1990 and has been paying a steady dividend to shareholders ever since. A total of 196.24 sen per unit or RM198.54 million has been distributed since 1990, with the highest distribution per unit (DPU) of 12.5 sen per unit paid in 1996. AHP has an average dividend yield of 6.4% from 2011 to 2016. AHP completed the acquisition … [Read more...]

14 things I learned from CapitaMall Trust’s 2017 AGM

CapitaMall Trust (CMT) is Singapore’s first and largest retail REIT. CMT first listed in July 2002 and now owns a portfolio of 16 retail properties and malls that includes some of the most popular retail properties and malls in Singapore like Plaza Singapura, Raffles City, Clarke Quay, and Bugis Junction. CMT’s total portfolio value as at 31 Dec 2016 is $10.3 billion. With the government making … [Read more...]

11 things I learned from MRCB-Quill REIT’s 2017 AGM

MRCB-Quill REIT (MQREIT) is an office REIT with a portfolio comprising 11 commercial buildings. Five properties are located in Cyberjaya, four in Kuala Lumpur, and one in both Shah Alam and Penang. In the last financial year, MQREIT completed the acquisition of Menara Shell, a 33-storey office tower, increasing the nett lettable area of its portfolio to 2.2 million square feet. MQREIT is managed … [Read more...]

16 things you need to know about MRCB-Quill REIT before you invest

MRCB-Quill REIT (MQREIT) derives its income from a portfolio of 11 properties. Most of these properties are office buildings located in Kuala Lumpur and Cyberjaya. As at 31 December 2016, MRCB-Quill REIT’s overall portfolio is worth RM2.22 billion. You may have heard of the saying: “Rome wasn’t built in a single day.” And this is true for all successful companies as well. Personally, I’ve … [Read more...]

3 reasons why rubbish collection might not be such a rubbish investment after all

Living in Singapore, cleanliness has always been our claim to fame. Ask any of your friends visiting from overseas and the first comment that we get is usually: “Wow. Singapore is so clean!” This is all thanks to the clean and green campaign and good urban planning by the powers that be. Getting rid of rubbish has never been a problem for us. There are dustbins everywhere as we walk down the … [Read more...]

Google launches Asia-Pacific financial dashboard, revealing top financial trends for Singapore in 2016

Mobile searches for wealth management is growing at 41% year-on-year in Singapore. Eight of the top ten searches in Singapore were about insurance policies. Today, Google launched its Asia-Pacific financial dashboard sharing how consumers in 10 countries across Asia-Pacific have searched for financial products over the last year, and the implications for financial companies. Michael Yue, … [Read more...]

12 things I learned from Pavilion REIT’s 2017 AGM

Pavilion REIT (PAVREIT) is a retail-centric property investment trust which owns three shopping malls and one office tower. Of its properties, Pavilion Kuala Lumpur Mall, Intermark Mall, and Pavilion Tower are located in Kuala Lumpur, while Da Men Mall is located in Selangor. The portfolio has a total net lettable area of 1.97 million square feet. PAVREIT first listed on Bursa Malaysia in December … [Read more...]

15 things I learned from CapitaLand Malaysia Mall Trust’s 2017 AGM

CapitaLand Malaysia Mall Trust (CMMT) is a shopping mall-focused REIT in Malaysia with a portfolio of five shopping malls and one complementary office tower. CMMT listed on Bursa Malaysia on 16 July 2010. If you purchased CMMT at IPO, your total returns would be 111.7%. Three assets are located in Klang Valley – a majority interest in Sungei Wang Plaza in Kuala Lumpur, The Mines in Seri … [Read more...]

After years of stagnant growth, things are looking up for Singapore’s tourism sector again

Following recent years of relatively stagnant performance, tourism arrivals in Singapore are expected to finally see an uptick on the back of a surge in intra-regional tourism, according to a new report from Colliers International, the commercial real estate services firm. The first quarterly Colliers International Hotels Insight Report, which features major trends in destinations across Asia … [Read more...]

Singapore’s property market to benefit from population & economic growth ahead

Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL. In an April 2017 report entitled Back to life, back to growth, the financial and professional services firm says it believes the city state’s population and skilled workforce growth rates are set to rise over … [Read more...]

9 things I learned from Public Bank 2017 AGM

How do you become a millionaire in Malaysia — effortlessly? As the saying goes, many roads lead to Rome. Recently, I learned another way to make a million but this time around, it is rather passive and effortless. However, there is only one catch: You need to find someone like Teh Hong Piew and invest your money with him (or her) for the long haul. Teh is the founder and chairman of Public … [Read more...]

5 reasons why you should attend annual general meetings if you’re an investor

During the window from April to May, many companies usually file their financial results for the previous year. What follows after is a mandatory meeting, or commonly known as the Annual General Meeting (AGM), between shareholders and the directors which is conducted once a year as the name suggests. At the meeting, directors share company insights with their shareholders about the past … [Read more...]

Important things you need to know before becoming an accredited investor

Following the Swiber debacle, many wealthy (sorry, formerly wealthy) Singaporeans are regretting their decision to become accredited investors. From all appearances, it seems accredited investors are just people that banks (or private funds) can push into buying high-risk products. So what is the accredited investor status, and should you use it just because you can have it? What is an accredited … [Read more...]

4 bumps the UK will have to face now that May has triggered Article 50

Even with the official commencement of the Brexit process – as finalised by Prime Minister Theresa May’s signature on the letter to trigger Article 50 of the EU’s Lisbon Treaty today – Bank of Singapore’s (BoS) chief economist Richard Jerram is certain that a deal for the UK to leave the Union is “almost impossible”. “To reach an agreement on such a complicated issue as market access – a new … [Read more...]

2 reasons why you should never borrow to invest in the stock market

When it comes to investing in the stock market, you never want to borrow and invest any money you cannot afford to lose. Always make sure you have 6-12 months’ worth of your monthly expenses in savings before you put a dime in the stock market. Remember, even though you might be investing in some of the best and most stable stocks around (with the stuff that you learn on this site!), no one can … [Read more...]

Will office property rents bottom in 2017?

The prospect of interest rate hikes by the Fed used to spark panic among investors. This was due to the widely-held view that a receding tide of liquidity would spark a selloff in Asian assets that had been pumped up by years of ultra-loose monetary policy in developed economies. Now, it seems that growth is not only recovering in the US but across much of the world. And, higher US interest … [Read more...]