Author: The Fifth Person

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 trend?” The first unitholder gave a puzzled look before her friend explained that many unitholders were only interested in the freebies and a free meal – and were not keen to actually attend the AGM at all....

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 theme park. Resorts World Sentosa is owned by Genting Singapore PLC (SGX: G13), a gaming and integrated resorts developer and operator. Genting Singapore was incorporated in 1984 and listed on the SGX in 2005. Besides...

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 mark. Here’s a look at how much your lifestyle might cost in 2047. In the following example,...

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 AmanahRaya-REIT Managers in Dec 2016 resulting in the newly-named AmanahRaya-Kenedix REIT Managers. The strategic partnership is a plus for ARREIT as it can now collaborate with the Kenedix Group and tap on its in REIT...

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 distributions for PLife REIT and a distribution per unit (DPU) growth of 91.8% since its IPO. At the time of writing, PLife REIT’s current distribution yield is around 4.79%. As...

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 track indices, of which the most famous would be VOO — the ticker symbol for the Vanguard S&P 500 ETF. The fee war between BlackRock, State Street, Vanguard, and other asset managers are...

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 waiting times, I turned to Google to find out more about the company. KPJ Healthcare Berhad is actually one of the largest private healthcare groups...

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 proceeds to be converted into the local currency. Prior to this, many exporters kept their sales in US dollars, either onshore (in foreign currency accounts) or offshore. There are reasons for this,...

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 is actually produced by a company called Petra Foods that was founded in Indonesia by the Chuang family in the 1950s. The company was incorporated in Singapore in 1984 before listing on the SGX...

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 to property: Over time, property prices tend to rise. In most countries (not just Singapore), property prices tend to rise over time. As a country’s population and wealth...

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 mix of customers taking fibre plans. Average revenue per user (ARPU) also rose $1 increase to $37 in 1Q. Enterprise fixed service revenue was up 3% to $99 million mainly due to the higher...

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 the investor to choose and evolve one that best fits his style and personality. If you are considering investing your money into stocks or bonds, it is worth spending time to learn how to invest and 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 and beverages, and a very sizeable freebie (an RM100 cash voucher this year). We even noticed people bringing their own containers to pack more food after they had...

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 clients. Its data centre division operates in nine countries — Singapore, Malaysia, China, Australia, Germany, Italy, Ireland, the UK, and the Netherlands. Keppel T&T designs, builds and operates its own data centres and provides data centre solutions for business and IT operations. Keppel T&T also owns...

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 bonds right now. Another reason is the minimum to invest in corporate bonds is usually at least $250,000 per tranche (not everyone has a quarter-million lying around) and one...

Read More

Like us on Facebook

Follow us on Twitter