Cash - Closing Status 30 May

Received the following dividends in this week for my Cash stock holdings :-

$23.20 Ascendas India Trust
$42.80 Cache Logistics
$39.40 Keppel Reit
$4.96 Suntec Reit

Reduced Keppel Reit 1 lot in this week for $24 nett gain as part of usual and active stock holdings re-balancing; remaining stock holding at 1 lot.  In its recent 1Q2014 financial results and versus last year;  DPU stayed the same at 1.97 cents;  Property expenses  now stabilized at +4.3%;  NPI higher by 14.7% resulted from improved performance from Ocean Financial Centre and Prudential Tower, as well as the additional income from 8 Exhibition Street in Melbourne;  Profit +20.1% due to higher NPI, higher interest income, higher share of results of associates and jv, lower trust expenses and lower amortization expenses; but offset by lower rental support, higher borrowing costs and management fees as a results of the larger portfolio of assets under management.  As of end Qtr 1, its NAV was valued at $1.39 but Mr Market believes that it is worth $1.305 as of its Friday closing price.  Recently, it sold away 92.8% of its stake in Prudential Tower and the sale proceeds will be used to repay existing debt in order to achieve greater financial flexibility, with the remaining amount to be used for general corporate and working capital purposes and/or for pursuing acquisition opportunities.  Post divestment, its aggregate leverage will decline from 42.1% to 38.8%.

Reduced GRP Ltd 40 lots in this week for $79 nett gain but re-invested into it again for 30 lots as part of usual and active stock holdings re-balancing; total holding in it now at 41 lots.  For its HY2014 financial results, revenue +5.7% with growth in all the three business divisions.  Strong demand in Hose & Marine and ramp up in orders from a middle east customer for its uPVC.   Administrative expenses -6.7%.  Profit 24.4%.  Free cash flow status at the moment.  Cannot understand reason(s) for not declaring any dividends with this set of good results.  It recently announced termination of its projects and development works in Myanmar.

Divested away Ascendas India Trust 1 lot at breakeven as part of usual and active stock holdings re-balancing.  For its 4Q2014 results, NPI +14% due to total property expenses declined by 10%; and hence a higher income available for distribution and higher DPU.   Occupancy rate at 97%.  Gearing at 22%.  NAV at $0.62 versus friday's closing $0.79.  

Divested away HPH Trust 2 lots in this week at breakeven as part of usual and active stock holdings re-balancing.  In its 1Q2014 revenue +2.7% and profit +18.6% versus last year.   The average revenue per TEU for Hong Kong was higher than last year due to favourable throughput mix of containers from liners, whereas that for China was higher than last year, primarily due to fewer concessions granted to some liners and a lower empty/laden container ratio.  Cost of services rendered +11.0% and Staff costs +3.0% due to higher container throughput, increase in external contractors’ costs and inflationary pressure.  Its end of Mar'14 NAV at HKD 7.32 (approx. SGD 1.18); last done share price on this Friday at $0.94.  Growth in the US and Europe is a major factor in determining the total volume of containers handled by HPH Trust.  Consensus outlook for both is favourable in 2014.  On 13 March 2014, HPH Trust entered into a strategic partnership with COSCO Pacific and CSTD through their investments of 40% and 20%, respectively, of effective equity and loan interests in ACT for an aggregate consideration of HK$2,472 million. The partnership will enhance its capabilities in servicing multiple mega-vessels simultaneously. It will further bolster all aspects of its port operations including its flexibility, efficiency, synergy and profitability.  

Divested away PCI Limited 3 lots in this week as part of usual stock holdings re-balancing for $38 nett gain.   For its 3Q2014 results, revenue -5.1%, profit +508.9%.   EMS (Electronics Manufacturing Services) revenue -5.9% due to weaker orders from key customers.  As a result of continuing efforts to manage cost, EMS operating profit margin was 3.1%.   No borrowings. 

Divested away Croesus Retail Trust 2 lots in this week for $20 nett gain as part of usual and active stock holdings re-balancing.  For its 3Q2014 results, NPI +12.3% and Income available for distribution per unit (SGD cents) +8.0% versus Forecast.  Higher NPI mainly due to better than expected tenant sales at Mallage Shobu.  Gearing 53.5%.  Majority lease expiry by gross rental income in FY2015 (21.5%) and FY2018 and beyond (67.5%).  NAV as of end Mar'14 at JPY 70.95 (SGD 0.87); friday close at $0.945.

Cash stock holdings walk since previous posting :-

+$7,386 Total Returns as of 23 May

+$110 Dividends from Keppel Reit, Ascendas India, Cache Logistics, Suntec Reit

+$162 Nett gain on sales of Keppel Reit, Ascendas India Trust, GRP, Croesus Retail, HPH Trust, PCI

+$818 Unrealised positions improved

+$8,477 Total Returns as of 30 May

Previous posting :- Cash - Closing Status 23 May

Remarks :- Profits locked in to-date $15,861 / year 2014 $4,369

 

Cash - Closing Status 29 November

Added GRP Ltd 24 lots in this week under Cash portfolio but within the same week l have divested some of it; first divestment of 13 lots for $23 nett gain and another divestment of 3 lots for $10 nett gain.  Remaining total holding of 19 lots.  For its 2013 financial results, revenue -2.3% mainly due to lower non recurring projects completed in last year for its Measuring Instrument segment which also impacted profit.  Profit -30.3%.  Lower other income due to one time gain for the disposal of its China subsidiary in 2012.   It recently did a rights cum warrants issue for the required funding to develop and manage properties in Myanmar.  Also, this blog has an interesting read on GRP :- http://reaching4financialfreedom.blogspot.sg/2013/12/52-week-low-stocks-29-nov13-cheung-woh.html and also, http://sillyinvestor.wordpress.com/2013/12/02/grp-one-of-the-weirdest-company-i-have-seen

Added Far East Hospitality Trust 1 lot and divested it away in the same week for $36 nett gain.  No change to total holding 7 lots.  In its 3Q2013 financial results, NPI -9.4% versus forecast, income available for distribution -7.4% versus forecast, DPU -7.8% versus forecast.  The operating environment remained challenging due to higher than expected price competition from the new supply of hotels and tight corporate budget.  The stronger SGD resulted in fewer bookings from key tourist markets, Indonesia and Malaysia. The acquisition of Rendezvous Grand Hotel Singapore and Rendezvous Gallery was completed on 1 August 2013; and has been repositioned as an art-inspired hotel. To address the competition in the mid-tier/upscale hospitality sector, it will focus on revenue management, growing the corporate segment and driving more direct bookings on its own website to improve yields.  On capital management, it has fixed the interest rate for all term loans maturing beyond 2016. This represents 62% of the total loan portfolio and will result in an expected composite interest cost of 2.3% per annum in the fourth quarter.  It plans to upgrade approximately 10% of the hotel rooms and serviced residence units in the portfolio in the next 12 months.

Invested into JMH 400US$ 40 shares in this week under Cash portfolio.  For its 1 July'13 to 5 Nov'13 financial results; earnings were broadly in line with last year and if this trend persists then it would be third consecutive years of flat profit.  Of the businesses directly held, Jardine Pacific - decline in profit, Jardine Motors - improved earnings, Jardine Lloyd Thompson - on acquisition spree lately.  Of the businesses held through Jardine Strategic, Hongkong Land - strong performance, Dairy Farm - compressed margins, Mandarin Oriental - faster growth in Europe but slow demand rebound in Asia, Astra - increased competition in the car market, high employee costs, lower commodity prices, weaker rupiah.

Received the following dividends in this week for my Cash portfolio :-
$91.56 Suntec Reit
$22.40 Ascendas India Trust
$1.80 Sabana Reit
$125.00 Tee International
$24.80 Keppel Reit
$127.56 Cache Logistics Trust

Reduced Tee International 8 lots in this week under Cash portfolio as part of usual portfolio re-balancing.  First divestment of 4 lots for $14 nett gain and another divestment, also of 4 lots for $14 nett gain.  Remaining total holding in it now at 9 lots.  It delivered mix financial results for 1Q2014; revenue +ve 24% driven by ongoing and completed engineering projects and profit -ve 62% due to higher administrative expenses and higher opex.  Higher administrative expenses was due to one off bonus payment to employees and higher staff costs and headcount in line with its business and operations expansion.  Giving extra bonuses is a good thing to do as it motivates employees which is in recognition of their hard works.  Higher opex due to unrealized forex losses that resulted from the depreciation of the MYR against the SGD.  It is in net cash used at the moment mainly due to cash received from receivables net off payment to trade payables, interest and income tax expenses and decrease in development properties.  Its chief executive & managing director, Mr Phua has 51% shareholding in Tee Intl as shown in the 2013 annual report so one can be well assured that he will run this company with very much more care and growing it at the same time.  Recently, it has signed an MOU with Loxley Public Company, a public company listed on the Stock Exchange of Thailand to explore opportunities in renewable energy business and related activities in the Indochina region - Myanmar, Laos DPR, Vietnam, Thailand and Cambodia. 

Divested away Duty Free 5 lots in this week under Cash portfolio as part of usual portfolio re-balancing for $82 nett gain.  For its 2Q2014 financial results, revenue -1.3%, profit -65.5%.  Profit lowered mainly due to decrease in revenue, higher net foreign exchange loss and rental of premises of RM5.9 mil and RM 3.0 mil respectively.  To improve operational efficiency, in this week it announced internal reorganization exercise and disposal of its shareholding in its so called Border Town and airport businesses and Down Town businesses which scheduled to be completed within current financial year.    

Reduced Asian Pay TV(APTT) 3 lots at $28 nett gain as part of usual portfolio re-balancing.  Total holding in it now at 23 lots under Cash portfolio.  Subscriber households have grown, average revenue per subscriber is constant, penetration rates have increased, all leading to growth in recently acquired Taiwan Broadband Communications (TBC) earnings.  Taiwan regulator already approved TBC expansion to greater Taichung which opens up opportunity to increase  household network coverage by up to 400,000.  NAV as of end Sep'13 at $0.91 and last done share price at discount of $0.78.  Interest rate swaps have been entered into, which fix a significant portion of the interest rate exposure from TBC's borrowings.  For growth in penetration rates, premium digital cable tv and broadband to increase as a result of up-selling and bundling strategies, increased set-top box penetration, greater availability of digital content, need for reliable internet access.  Network expansion through re-zoning is an opportunity for APTT.  Positive ongoing discussions with Taiwan tax authorities to resolve tax dispute.

Portfolio walk since previous posting :-

+$2,671 Total Returns as of 22 November

+$393 Dividends from Suntec Reit, Cache Logistics, Tee Intl, Sabana, Keppel Reit, Ascendas India

+$207 Gain on sales of Duty Free, Far East HTrust, Tee Intl, GRP, Asian Pay TV

-$72 Unrealised positions worsened

+$3,199 Total Returns as of 29 November

Previous posting :- Cash - Closing Status 22 Nov

Cash - Closing Status 11 October

Invested into Tee International 5 lots in this week before it went XD on 9 October. It has been paying an increasing dividend every year. Dividend rate for 2013 at $0.0315 which translates to a yield of 9.3% on the last closing price this week of $0.34 (year 2012 : dividend rate $0.0235, yield 6.9%; year 2011 : dividend rate $0.0225, yield 6.6%; year 2010 : dividend rate $0.022, yield 6.5%; year 2009 : dividend rate $0.012, yield 3.5%). 

Invested into Thai Village 1 lot in this week under Cash portfolio.  It pays dividend rate $0.007 to $0.009 in the last four financial years representing 6.1% to 7.9% dividend yield on the latest and last closing price in this week of $0.114.  Management staff holds around 55% shareholding in it.  It is likely to declare a dividend rate within the range in the last four financial years when reporting its second half year results in Nov'13. 
 
Added Ascendas India Trust 3 lots so my total holding of it now at 4 lots.  2Q2014 results will be announced on 25 October  and it is likely to report a flat results from the previous quarters in Indian Rupee terms.  l think l can expect dividend rate to go lower slightly due to unfavorable currency movements but dividend yield likely to stay above 5% at full time.

Portfolio walk since previous posting :-

+$3,674 Total Returns as of 4 October

+$603 Unrealised positions improved

+$4,277 Total Returns as of 11 October

Previous posting :-Cash - Closing Status 4 Oct

Cash - Closing Status 5 July

Divested UMS 3 lots which l have invested into it one week ago at nett gain of $67.  UMS will XD 9 July and dividend rate is at $0.01.  I have collected its dividend in advance and at 2.2 times more with its divestment in this week 3 lots x dividend rate $0.01 x 2.2 times = $67 as dividend payment is scheduled as 26 July.

Have decided to divest  Ascendas India Trust 1 lot in this week after only one week of investment into it at nett gain of $16 or 2.3% returns.  Reason for doing so is simple and it was because at 2.3% yield within such a short investment time so it beats the usual low bank deposit rate.  Furthermore the nett gain $16 is worth 4.5 train trips to and fro home and work place.  Or l can use this to save it for my next Donation (2013 to-date at $200).  Anyway, will re-invest into Ascendas India Trust at lower share price levels.

Could not resist divesting away Kingsmen Creatives 3 lots in this week under Cash portfolio for a nett gain of $126.  Nothing wrong with Kingsmen Creatives really but why not collecting its dividends in advance when it's already available. Unless l am stuck with a reasonably good dividend stock at an unrealised position then l will not hesitate to take profit off the table however small the amount.  I do not the luxury of large amount of funds for passive investment over a few years period.  I subscribe to the idea of making the money working much harder with a few rounds of investments and divestments.  However l do not subscribe to the idea of cutting loss in my stock investments unless it is a serious and incorrect bad investments (which happened no more than 5 times in about 2 years of serious shares investments).  Paper losses are investment noises as the stocks l am stuck in are still giving out reasonably good dividends so l okay with it.  Cutting losses is more for traders so it can really waste much of already limited available investment funds.  Back to the divestment of Kingsmen Creatives in this week, the $126 nett gain is 2.8 times its next dividend rate $0.015, if maintained the same for this year; 3 lots x dividend rate $0.015 x 2.8 times = $126.  And l have already collected it in advance now rather then waiting for XD 4 Sept and its payment 24 Sept.  Will re-invest into Kingsmen Creatives at lower or reasonably good share price levels.

Duty Free has declared dividends rate of $0.025 (interim dividend $0.01 + special interim dividend $0.015) which will XD on 10 July.  In this week l have divested Duty Free 7 lots at nett gain of $71 and is only equivalent to its interim dividend amount --> 7 lots x dividend rate $0.01 = $70.   l am hoping for better luck next time.  

Looking forward to receive dividends from SingPost when it is paid on 15 July of which l have 15 lots in it.  In this week l have sold SingPost 1 lot at nett gain $28 so in a way l have collected its next dividend in advance which will next XD around 14 Aug and hoping that it is still at same dividend rate $0.0125.  The nett gain $28 is 2.3 times its next dividend payment amount; 1 lot x dividend rate $0.0125 x 2.3 times = $28.   I am stuck with my investment in SingPost with paper loss status on the remaining 14 lots but l am okay with it as it can be considered a good problem to have. 

Portfolio walk since previous posting :-

+$1,368 Total Returns as of 28 June

+$309 Gain on sales of UMS, Duty Free, Ascendas India Trust, Kingsmen Creatives, SingPost

-$16 Unrealised positions worsened

+$1,661 Total Returns as of 5 July

Previous posting :-Cash - Closing Status 28 June

Cash - Closing Status 28 June

For my Cash portfolio this week l have added CM Pacific 2 lots bringing my total holding in it at 3 lots now.  No new development so far at CM Pacific so l can expect its share price will be in the range of $0.87 - $0.91 till its next financial results in early August month.  Its next interim dividend will usually be announced during half time financial results announcement.  Will consider to accumulate more of CM Pacific if its share price weakens further.

Invested into Ascendas India Trust 1 lot in order to average down.  With this, my total holding in it now at 2 lots.  Will re-invest more of it only when its share price weakens by say, another 10% (which is quite unlikely though).  Office rental in India is likely to stay lacklustre unless the INR currency (and India economy) recover from current weak status.

Continue to increase my holding in Kingsmen Creatives 1 lot so, now l have total of 3 lots.  Will add more of it if its share price weakens again, at lower price levels.

Duty Free reported its qtr 1 results in this week.  Revenue +1% driven by pricing imprpovement and sales mix.  Profit +MYR 113mil mainly from its discontinued operation.  Dividends $0.025 (interim dividend $0.01 + special interim dividend $0.015) was declared which will XD on 10 July.  In this week l have increased my holding in Duty Free 1 lot so my total holding in it now at 7 lots.

Divested UMS 4 lots which l have invested two weeks ago at nett gain of $40.  UMS will XD 9 July and dividend rate is at $0.01.  I have collected its dividend in advance with its divestment in this week 4 lots x dividend rate $0.01 = $40 as dividend payment is scheduled as 26 July.  In the same week, l have re-invested into UMS 3 lots.

Portfolio walk since previous posting :-

+$673 Total Returns as of 21 June

+$40 Gain on sales of UMS

+$656 Unrealised positions improved

+$1,368 Total Returns as of 28 June

Previous posting :-Cash - Closing Status 21 June

Cash - Closing Status 17 May

Received a cheque of $160 from SembCorp Marine in this week.  Even though l am still stuck with this investment but at least its dividend yield is still better than bank deposit rate.

Decided to invest into CDL Hospitality Trusts 1 lot in this week under Cash portfolio.  As the share market is still in consolidating phase so l have sold it off in the same week for a better than bank deposit rate returns of 1.6%.  If l am ever stuck with my investment in it l will have no regrets as l will consider it a good problem to have due to its reasonably good dividend yield of around 5.5%.  Will look for re-investment opportunity in it.  

Cordlife has been in my radar due to its good results at half time and sure enough the same superb results was repeated for Qtr 3 which as was announced in this week.  But l still think its share price has gone up too high so l have only invested for 1 lot in it.  Even though Qtr 3 was a good set of results but investors still dumped its share on the next day (14 May) and l can safely guess it as due to its failure to declare any dividend at all when comparing to last year's dividend rate of $0.020.  Anyway, it was just a one day sell off of its share as it recovered quickly and to a much higher share price level now.  On Friday it made an after market announcement on  acquisition of cord blood and cord tissue banking businesses and assets in India, the Philippines, Hong Kong and Indonesia and l expect its share price is likely to shoot through the roof on Monday.  However and most unfortunately l have sold it away much earlier in the same week for a much smaller 2.7% profit.

Invested into Tai Sin Electric  2 lots in this week under Cash portfolio.  Its share price dropped by 4.9% on Monday as investors viewed its 9M2013 results announced on last Friday evening negatively.  But its share price was quite well supported from Tuesday onwards.  Investors probably quite concern with its Qtr 3 results as its gross profit margin was at 15.3% when comparing to last year's 19.2%.  But one quarter's bad performance would not mean of the same outcome in Qtr 4.

CM Pacific share price did not drop much after it went XD last week.  And investors stayed almost stayed neutral to its announcement this week that its deal to acquire Jiurui expressway deal in exchange for its New Zealand property business is now called off.  I took the opportunity of this stable condition by investing a very small amount in it for 1 lot.

Despite a bad Qtr 1 results for Telechoice, it is expecting Qtr 2 to be better than previous year and overall full year will be satisfactory.  So this week l have increased my investment in Telechoice by another 16 lots under Cash portfolio. 

Made a small additional investment in Duty Free of 1 lot under Cash portfolio in this week.

Invested into Ascendas India Trusts 1 lot in this week.  It quoted a slightly positive market research report by India based Jones Lang LaSalle so l was quite comforted by this.  But over the weekend l was unhappy to hear that India faces at least "a one-in-three" chance of losing its prized sovereign grade rating by global ratings agency Standard & Poor.  Luckily my investment is small so fingers crossed.

Portfolio walk since previous posting :-

+$2,457 Total Returns as of 10 May

+$51 Gain on sales of CDL HTrust, Cordlife

+$160 Dividends from SembCorp Marine

+$578 Unrealised positions improved

+$3,246 Total Returns as of 17 May

Previous posting :-  Cash - Closing Status 10 May

Cash - Closing Status 25 Oct

For my Cash portfolio this week, l have made silly and costly investment mistake, again.  I have wanted to re-invest into 2nd Chance 40 lots.  l was in a great hurry to attend to another urgent matter when l placed my buy order on 2nd Chance.  It was such a huge mistake as l did not aware l have wrongly placed a sell order instead and l did not even pause to review the pop-up order confirmation.  l have immediately queued to buy back at same price level but failed.  So, l bought back 40 lots at higher price a few minutes before market closed and l got poorer by $322.    

Finally managed to sell away Lee Metal 2 lots for a $6 gain.  I have waited for its share price to go lower since 8 June week in order to increase my investment in it so that l can lower the cost per unit in it.  As its share price did not weaken so l have decided to sell it away.  Based on 2nd Qtr results, even though total revenue is lower but gross profit margin improved.  No worry of higher debtor as this is probably due to higher sales in Qtr 2 comparing to Qtr 1.  Inventory has lowered and this is a very prudent decision to make as Singapore economy has weaken.  Lee Metal had decided to invest on newer machines and decommissioned older ones to expand capacity and improve productivity.  Will re-invest into Lee Metal if it is able to continue maintaining good gross profit margin, positive PBIT, strong balance sheet, etc., once its share price weakens.

Managed to get Starhub 4 lots this week when its share price was close to 4-weeks low.  I am expecting it to declare the same dividend rate of $0.05 when it goes XD around 15 Nov.  For 4 lots l will get $200 (4 lots x $0.05) as dividends if l keep my invested funds in it till XD.  But l reckon there is no need to wait till then when l can already get half of the dividends in advance now (within the same week!) as l managed to divest all of it for a gain of $99.

Also this week under Cash portfolio, l have invested into M1 5 lots when its share price was already weakens to 4-weeks low.  Its next XD is in April'13.   Investing in M1 cost lesser and hence resulting in highest dividend yield comparing to other two bigger competitors (SingTel / Starhub).    If share market tanked and its share price going lower then l will keep it for good dividends income stream.

Religare Health Trust share price yet to go higher than its IPO price level of $0.90 as there are many viewing it as a bad investment option.   l beg to differ with views that India related businesses are destined to doom.  There is an existing business trust (Indiabulls) listed in Singapore dealing primarily with commercial space and residential property in India which is giving everyone the shudders as it did not pay a single dividend since IPO in Jul'08; but starts giving out dividends for the very 1st time which XD Dec'12.  But everyone seem to forget that there is one other business trust (Ascendas India) doing quite well in India which primarily dealing with  rental of investment properties.  There are many other world class India businesses - Tata Consultancy, ITC, HDFC Bank, Bharti Airtel, Tata Motors, Sun Pharmaceutical, and many more companies.  So, for now l have invested into Religare 6 lots this week.  I will look at Religare's performance and will decide accordingly whether to include it in my so-called permanent watch list.

 

Portfolio walk since previous posting :-

+$295 Total Returns as of 19 Oct

+$105 Gains on sales of Lee Metal and Starhub

-$322 Loss on 2nd Chance investment mistake

-$129 Unrealised positions worsened

-$51 Total Returns as of 25 Oct

previous posting :- Cash - Closing Status 19 Oct

Cash - Closing Status 02 Mar

Cash portfolio status as of this week as below.

Sold Ascendas India Trust 4 lots and SingPost 12 lots. 
AscendasIndT (CY6U) - This stock has been the last of the remaining stocks to be sold off on investments committed within the last six months.  I reckon that l must have purchased it at high price levels back then.  I do hope to get it back at lower prices as it is a good stock to have.
SingPost (S08) - Managed to sell off very close to breakeven finally.  This stock was a combi of 2 stocks purchased at higher price and 10 stocks purchased as average down.  Will consider re-entering only when it goes below $0.95.

Bought BH Global 25 lots, Advanced Holdings 20 lots.  Emotion gets the better of me and l could not control my itchy hands by placing buy orders into BH Global (B32) and AdvaHldg (5IA) this week.  Of course, l am feeling guilty of it now.  It is really a mistake to commit into new investments when stocks prices are all at their high levels now.  Hope to get out of them next week; otherwise will hold on to these stocks to get the dividends and thinking over their fate ex-dividend.

Portfolio walk since previous posting :-

$1,408 Total Returns as of 24 Feb 

+$215 Gain on sales of Ascendas India Trust + Dividends from K-Reit and FSL Trust

-$833 Unrealised positions worsened; primarily due toForeland

$790 Total Returns as of 02 Mar


Previous posting :- Cash - Closing Status 24 Feb

Right Reit l Like - 17 Feb

Money is always not enough so it must be used to work hardest so as to generate highest returns.  Assuming that l have $10k of funds and my focus is Reit and business trust; and also investment horizon timeline is important - one to two months or less than 6 months. Because of short investment timeline prference, l will not be looking at annual dividend payout rate.

From the table and for Reit with ex-dividend date in the next one to two months, the top five value for money Reits are Frasers Comm, CapitaRetail China, MIIF, First Reit and Suntec Reit.

For longer ex-dividend dates, l would go for Ascendas India, Ascott Reit, K-Reit, Saizen Reit and Sabana Reit as these are expected to generate much higher returns versus popular Reit stocks, as an example on LippoMalls, Cache Logistics, Cambridge Industrial, K-Green, CitySpring and others.

So, this table goes to show that with a available funds of $10k, l can get say, Cambridge 19 lots and its dividend amount of $190 versus say, Sabana Reit 10 lots which generates dividend amount of $304. Both stocks are having ex-dividend dates in May month.  A loyal investor on Cambridge would loose out to a cyclical investor who would have selected Sabana instead.

The ranking will not be static as older ex-dividend dates will become obsolete as newer dates will then be assumed and their re-ranking is required.  As all stocks prices have gone up by a lot in recent weeks then its probably unwise to rush in to buy my favorite counters.  There is "plenty" of time till ex-dividend dates in March and if this is missed, ex-dividend dates in April and future months can be targeted.

If stock prices are lowered (or gone up) then l can buy more (or less)  and this will directly affecting the dividend amount and its yield.  If the overall stock market is in a bull run but not supported by a bullish economy then there is no reason to drool over the high dividend amount and buying into the high dividend yield stock immediately.  Just Do It is not suppose to work this way.

Reit stocks are popular as passive income source but they can be leveraged for an even bigger and better returns.  It is better not be overly sentimental  on certain Reit stocks but be always ready to consider other Reit stocks.  Thinking of only the same and certain Reit stocks are god-send is not a wise decision.  Even research houses do not always have the same stock pick within the same industry (hospitality, industrial, office, retail, etc.).