Author: Dividend Town

Purchase of Ascott Residence Trust

On 27 January 2017, bought 5000 shares of Ascott Residence Trust at $1.185 each. As my focus is to build a REIT portfolio this year ,I will  be doing a positon sizing for my REIT holding which means a certain fixed percentage of my cash will be allocated to each REIT stock equally to cushion any downside. Ascott , one of the world’s largest serviced apartments & rental housing owner and operator , it operates in Asia Pacific, Europe and North America region. A serviced apartment is basically a furnished apartment which rents out to corporation employee & general public for...

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Silverlake Axis.

On 19 Jan 2017, purchased 20,000 shares of Silverlake Axis at $0.570 each. Since the year 2014. I have been following on this stock however I categorize it’s as a high growth & high risk stock which prevent me from initiating a position . But its constant excellent financial result & transformation keeps luring me back & eventually I decided to buy it . A brief introduction of the Company : Silverlake is a Software and Services Solutions provider for the Banking, Insurance, Payment, Retail and Logistics industries. It is also the leading software provider for banks in South East Asia. About 40%...

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TalkMed investment on Hong Kong Integrated Oncology Centre (HKIOC)

An update on TalkMed investment on Hong Kong Integrated Oncology Centre (HKIOC). I sent a mail with the below mentioned in blue ,the reason she provided is due to the nature of its business which required high sunk cost . No time line is given when will the Company investments bear fruits but it may take “some time”. Hi, As an  investor , i will like to know when is the Company expected/targeted  breakeven for it’s investment in HKIOC? Could you also please explain what is the major factor that contribute to HKIOC losses to date. And the reply as follow:...

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18% returns for UOB

On 18 Jan 2017, sold 400 UOB shares at $20.71 each. This transaction net me a profit of $1311+ This translates to 18.87% returns over a holding period of 11 months. Fundamentally, there is nothing wrong with UOB however if I chose to hold this stock , I will be getting 4% yield annually based on entry price @ $17.33 /$0.70 dividend. Not too bad but still not good enough as I want money to work harder for me. Compared to risk free Feb Singapore Saving Bonds yield at 2.44% , the risks I have to stomach for an...

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FY2016 Dividend & Trading income

Compared a few years ago ,I am  now cautious of trading the market frequently to earn faster & bigger returns. But old habit kicks in , sometimes i will initiate a large trading position to make some quick bucks. Perhaps my instincts have turn rusty,  lost a few opportunities to sell my trade position in blue chips stocks else the trading income will be at least 10k +. Nevertheless, this year  i will be focusing to build my REIT portfolio . For the year 2016, I had collected $15629.29 in dividend income & $1439.44 in trading income Total income FY2016 at $17068.73. That will...

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Singapore Press Holding Annual General Meeting 2016

The cold weather and drizzling rain dampen my mood , forced myself to attend this AGM and was expecting low turn out due to the weather & no Bento set was to be provided as notified by SPH. To my surprises, the turn out was great though many lamented the lack of food.Surely enough the first question thrown to Chairman Lee was why did SPH could donate 350 thousand for charity , sponser musical event  and ScholarShip award every year but was petty towards Shareholders for a once a year AGM event . Some shareholders even suggested to give NTUC vouchers...

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SPH FY2016 Financial Results

Operating revenue decreased by 4.5% from $1.17 billion (FY15) to $1.12 billion (FY16). Operating Profit down by 13.7% from $353 million (FY15) to $305 million (FY16). Investment income remains little change at $51.7 million as compared to FY15 Profit after tax down by 17.4% from $370 million (FY15) to $306 million (FY16). SPH online classified business is slowly gaining ground as losses reduced from $38 million (FY15) to $24 million(FY16). Revenue from Property segment cushioned the fall in FY2016 total revenue. Although Operating costs fell by 2.7% , Staff costs & other operating expenses form 57.7% of the total operating costs. With declining...

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Talkmed Half Yearly Financial Result

Half Yearly revenue increased by 4% from $32.09 million (FY2015) to  $33.47 million (FY2016). Other income increased by 36% from $0.19 million (FY2015) to $0.26 million (FY2016) due to interest from fixed deposits & government grants. However operating costs is creeping up very fast, with operating lease expenses up by 54% from $0.47 million (FY2015) to $0.73 million (FY 2016). Other operating expenses increased by 39% from $0.66 million to $0.92 million due to overhead expenses from Stem Med which is a subsidiary of TalkMed which commenced operation in  July 2015. Losses from TalkMed 30 % share of investment in HKIOC...

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SPH 3Q 2016 Financial Result

For 3Q 2016, operating revenue remain flat however operating profit decline by 42% due to impairment charges for goodwill & intangibles of  $28 million from magazines business. Excluding the impairment charges , operating profit will decline by 16.1% . The result is still disappointing if excluded impairment charges. For goodwill & intangibles, it seem that SPH had overpaid for a acquisition that does not generate its expected cash flow & impairment is recorded when goodwill fair value goes below it book value .I suspect the magazines business is Luxury-Insider.com which is acquired by SPH in Year 2014. The print business is steadily declining but mitigated by...

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Accumulate SPH

On 24th June 2016, bought in 100 lots of SPH @ $3.76 per share. In my opinion, Brexit  provide a golden opportunity to accumulate depressed blue chip stocks. As such, I will be buying more stocks for long term accumulation & perform short term trading. Although UK had voted to exit from EU, it will take time for it to materialise as UK need to negotiate with EU on exiting terms which will be harsh to deter other EU nations to follow suit. From history point of view, UK exit from  EU is a backward step for  Europe integration. The last hurdle to Europe...

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May Trades

On 27th May , sold 100 lots of Singtel shares at $3.91 per share. Net about $280+ profit for this trade. Trading Volume for SingTel is low for the month of May & the price movement move within a few bids. The strategy is to get in with a considerable amount of capital & move out quickly & repeat this for a few times . There is a Chinese saying “积少成多 “, so meanwhile I contented with small profits for now. My trade positon in SPH goes well , it reached $4.00 soon after I bought but I did not sell it as...

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Sembcorp Industries Annual General Meeting(19th April, 2016)

Sembcorp Industries & Keppel Corp held their AGM on the same day & I decided to go for Sembcorp AGM as I want to gain insights of their Utilities business. For Utilities business ,Chairman Ang mentioned the company adopt a prudent approach when investing in foreign countries. They will prefer to invest in the country which Utilities segment is not heavily subsidized by the local government because they do not want to be caught off guard when the subsidy is suddenly reduced or removed. A shareholder asked will there be any rights issue on hand as Utilities is a capital intensive business....

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SPH Q2 FY2016 Financial Result

Operating revenue for 1H 2016 at $555.5 million , down by 3.8% from $577.35 million for 1H 2015 Operating profit for 1H 2016 at $167.1 million , down by 1.9% from $170.33 million for 1H 2015. Net profit for 1H 2016 at $135.4 million , down by 2.5% from $138.97 million for 1H 2015. Operating revenue for 3 business segments namely Media ,Property & Other business(exhibitions & online classifieds) all increase except for Media segment due to decrease in advertisement & circulation revenue. Comparing 2Q FY2016 & 2Q FY2015 result , the drop in net profits by 22% about...

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TalkMed

FY2015 Revenue at $65.72 million , slightly higher than FY2014 Revenue at $63.16 million. Other income increase by 140% from $0.23 million to $0.54 million mainly due to interest received on fixed deposit. Operating lease expenses increased by 69.1%  from $0.73 million to $ 1.24 million due to new operating leases effected in late 2014,March & June 2015. Operating expenses was reduced significantly by 27% from $ 2.07 million to $1.51 million  due to lower legal & professional fee. Coming to share of result of associate which is causing a concern to me ,a loss of $2.89 million from a investment of...

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