Received September month bank statements in this week on stock holdings status in CPF Investment account and SRS account; updating latest dividends amount collected since various previous updates on 3 Oct.
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Showing posts with label AIMS. Show all posts
Showing posts with label AIMS. Show all posts
Saturday, 11 October 2014
Sunday, 13 July 2014
SRS - Closing status 11 July
Received the SRS statement for June month from the bank in this week and it has the following dividends in it :-
$50.20 AIM AMP Industrial
$212.50 CM Pacific
Added Saizen Reit 8 lots in this week as part of usual and active SRS stock holdings re-balancing; total stock holdings in it now at 18 lots. In its 3Q14 results, NPI +2.5%, profit +JPY 314 mil. Quarter-on-quarter gross revenue remained stable while net property income decreased by 4.1% as compared to 2Q FY2014. Property operating expenses increased by 9.4%, due mainly to seasonal expenses. Higher profit due mainly to (i) the increase in net income from property operations, and (ii) the non-recurrence of refinancing-related costs incurred in 3Q FY2013, namely swap breakage costs (JPY 135.5 million) and loan commission written-off (JPY 148.0 million). Average occupancy rate at 91.1%. As Saizen REIT’s distributable income from operations is generated in JPY, its S$-denominated distributions have been hedged. Interest rates for 90% of loans outstanding are fixed. Nearest loan maturity is in February 2018. Gearing at 38%. Deloitte & Touche has in early June'14 completed the strategic review of options for enhancing its unitholder’s value. The review concluded that as a matter of priority, focus will be placed on its capital structure, in particular, its cash management and levels of leverage. As funds are made available as the capital structure is optimised, it will continue to seek opportunities to expand its property portfolio in line with its principal investment strategies. It may also consider a buy-back of its shares at times of Unit price weakness, as a useful signaling mechanism and provided that is deemed as an effective use of capital at that time. Following capital structure optimisation, more ambitious growth strategies will be explored, subject to availability, compatibility, returns and execution considerations.
SRS stock holdings walk since previous posting :-
+$11,506 Total Returns as of 4 July
+$263 Dividends from CM Pacific, AIMS AMP Industrial
-$33 Unrealised positions worsened
+$11,736 Total Returns as of 11 July
previous posting :- SRS - Closing status 4 July
Remarks :- Profits locked in to-date $17,054 / year 2014 $4,452
$50.20 AIM AMP Industrial
$212.50 CM Pacific
Added Saizen Reit 8 lots in this week as part of usual and active SRS stock holdings re-balancing; total stock holdings in it now at 18 lots. In its 3Q14 results, NPI +2.5%, profit +JPY 314 mil. Quarter-on-quarter gross revenue remained stable while net property income decreased by 4.1% as compared to 2Q FY2014. Property operating expenses increased by 9.4%, due mainly to seasonal expenses. Higher profit due mainly to (i) the increase in net income from property operations, and (ii) the non-recurrence of refinancing-related costs incurred in 3Q FY2013, namely swap breakage costs (JPY 135.5 million) and loan commission written-off (JPY 148.0 million). Average occupancy rate at 91.1%. As Saizen REIT’s distributable income from operations is generated in JPY, its S$-denominated distributions have been hedged. Interest rates for 90% of loans outstanding are fixed. Nearest loan maturity is in February 2018. Gearing at 38%. Deloitte & Touche has in early June'14 completed the strategic review of options for enhancing its unitholder’s value. The review concluded that as a matter of priority, focus will be placed on its capital structure, in particular, its cash management and levels of leverage. As funds are made available as the capital structure is optimised, it will continue to seek opportunities to expand its property portfolio in line with its principal investment strategies. It may also consider a buy-back of its shares at times of Unit price weakness, as a useful signaling mechanism and provided that is deemed as an effective use of capital at that time. Following capital structure optimisation, more ambitious growth strategies will be explored, subject to availability, compatibility, returns and execution considerations.
SRS stock holdings walk since previous posting :-
+$11,506 Total Returns as of 4 July
+$263 Dividends from CM Pacific, AIMS AMP Industrial
-$33 Unrealised positions worsened
+$11,736 Total Returns as of 11 July
previous posting :- SRS - Closing status 4 July
Remarks :- Profits locked in to-date $17,054 / year 2014 $4,452
Saturday, 12 July 2014
CPF - Closing Status 11 July
Received the CPF Investment statement from the bank in this week and have updated my records accordingly.
Collected the following dividends in June month for my CPF stock holdings :-
$50.19 AIMS AMP Industrial Reit
CPF stock holdings walk since previous posting :-
previous journal :- CPF - Closing Status 4 July
Remarks :- Profits locked in to-date $3,026 / year 2014 $2,382
Collected the following dividends in June month for my CPF stock holdings :-
$50.19 AIMS AMP Industrial Reit
CPF stock holdings walk since previous posting :-
-$4,799 Total Returns as of 4 July
+$50 Dividends received : AIMS AMP Industrial
-$17 CPF investment charges 2Q2014
+$329 Unrealised positions improved
+$50 Dividends received : AIMS AMP Industrial
-$17 CPF investment charges 2Q2014
+$329 Unrealised positions improved
-$4,438 Total Returns as of 11 July
previous journal :- CPF - Closing Status 4 July
Remarks :- Profits locked in to-date $3,026 / year 2014 $2,382
Saturday, 31 May 2014
SRS - Closing status 30 May
Divested away Croesus Retail Trust
3 lots in this week at breakeven 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.
Divested away AIMS AMP Industrial Reit 2 lots in this week at breakeven as part of usual and active stock holdings re-balancing. In its 4Q2014 financial results, NPI +3.1%; available distributable income +6.5%. DPU -9.4%. Higher NPI due to lower expenditure incurred for its portfolio of properties. Lower DPU because of private placement in May 2013 and the recent rights issue in March 2014. Borrowing costs +S$1.4 million mainly due to the additional interest expense incurred on the AUD borrowings to fund the acquisition of 49.0% interest in Optus Centre which is located at Macquarie Park, Sydney, Australia. Earliest debt due for refinancing is in October 2015. Its NAV as of end Mar'14 was at $1.468 versus its last done share price on this Friday at $1.45. Portfolio occupancy rate at 97.0% as of end Mar'14. 72.1% of its borrowings on fixed rates taking into account the interest rate swaps and the Medium Term Notes. It also recently issued S$50 million 3.80% fixed rate notes due 2019. It had also recently received the Temporary Occupation Permit (TOP) for its redevelopment at 103 Defu Lane 10 on 28 May 2014. Next, it will undertake customized asset enhancement initiative (AEI) at 26 Tuas Avenue 7.
Divested away Keppel Reit 2 lots in this week at breakeven as part of usual and active stock holdings re-balancing. 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%.
SRS stock holdings walk since previous posting :-
+$9,971 Total Returns as of 16 May
+$8 Nett gain on sales of Keppel Reit, Croesus Retail Trust, AIMS AMP Industrial Reit
-$343 Unrealised positions worsened
+$9,635 Total Returns as of 30 May
previous posting :- SRS - Closing status 16 May
Remarks :- Profits locked in to-date $15,148 / year 2014 $2,546
Divested away AIMS AMP Industrial Reit 2 lots in this week at breakeven as part of usual and active stock holdings re-balancing. In its 4Q2014 financial results, NPI +3.1%; available distributable income +6.5%. DPU -9.4%. Higher NPI due to lower expenditure incurred for its portfolio of properties. Lower DPU because of private placement in May 2013 and the recent rights issue in March 2014. Borrowing costs +S$1.4 million mainly due to the additional interest expense incurred on the AUD borrowings to fund the acquisition of 49.0% interest in Optus Centre which is located at Macquarie Park, Sydney, Australia. Earliest debt due for refinancing is in October 2015. Its NAV as of end Mar'14 was at $1.468 versus its last done share price on this Friday at $1.45. Portfolio occupancy rate at 97.0% as of end Mar'14. 72.1% of its borrowings on fixed rates taking into account the interest rate swaps and the Medium Term Notes. It also recently issued S$50 million 3.80% fixed rate notes due 2019. It had also recently received the Temporary Occupation Permit (TOP) for its redevelopment at 103 Defu Lane 10 on 28 May 2014. Next, it will undertake customized asset enhancement initiative (AEI) at 26 Tuas Avenue 7.
Divested away Keppel Reit 2 lots in this week at breakeven as part of usual and active stock holdings re-balancing. 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%.
+$9,971 Total Returns as of 16 May
+$8 Nett gain on sales of Keppel Reit, Croesus Retail Trust, AIMS AMP Industrial Reit
-$343 Unrealised positions worsened
+$9,635 Total Returns as of 30 May
previous posting :- SRS - Closing status 16 May
Remarks :- Profits locked in to-date $15,148 / year 2014 $2,546
Sunday, 13 April 2014
SRS - Closing status 11 April
Received the SRS statement from the bank in
this week for March month which showed the following dividends collected for my SRS portfolio :-
$73.60 Mapletree Logistics
$50.20 Mapletree Industrial
$55.40 AIMS AMP Industrial
$202.50 Tee International
$330.40 Asian Pay TV
$157.20 Croesus Retail
Added Tee International 15 lots as part of usual portfolio re-balancing; total holding now at 60 lots. Tee Intl soft financial results for 3Q2014; revenue -29.5% due to lower recognition of revenue and profit -ve 13% due to higher admin costs from the acquisition of Interlift Sales Pte Ltd. It proposed an issue of 2 warrants for every 5 shares issue (exercise price of S$0.25 per warrant) to strengthen its capital base and support its expanding business activities.
Portfolio walk since previous posting :-
+$6,235 Total Returns as of 4 April
+$869 Dividends - AIMS AMP Industrial, Croesus, Asian Pay TV, Tee Intl, Mapletree Logistics, Mapletree Industrial
+$1,227 Unrealised positions improved
+$8,331 Total Returns as of 11 April
previous posting :- SRS - Closing status 4 April
Remarks :- Profits locked in to-date $14,787 / year 2014 $2,185
$73.60 Mapletree Logistics
$50.20 Mapletree Industrial
$55.40 AIMS AMP Industrial
$202.50 Tee International
$330.40 Asian Pay TV
$157.20 Croesus Retail
Added Tee International 15 lots as part of usual portfolio re-balancing; total holding now at 60 lots. Tee Intl soft financial results for 3Q2014; revenue -29.5% due to lower recognition of revenue and profit -ve 13% due to higher admin costs from the acquisition of Interlift Sales Pte Ltd. It proposed an issue of 2 warrants for every 5 shares issue (exercise price of S$0.25 per warrant) to strengthen its capital base and support its expanding business activities.
Portfolio walk since previous posting :-
+$6,235 Total Returns as of 4 April
+$869 Dividends - AIMS AMP Industrial, Croesus, Asian Pay TV, Tee Intl, Mapletree Logistics, Mapletree Industrial
+$1,227 Unrealised positions improved
+$8,331 Total Returns as of 11 April
previous posting :- SRS - Closing status 4 April
Remarks :- Profits locked in to-date $14,787 / year 2014 $2,185
CPF - Closing Status 11 April
Received the CPF Investment statement from the bank in
this week for March month. Have updated CPF portfolio with the correct
charges incurred on both investments and divestments made.
Collected the following dividends in March month for my CPF portfolio :-
$135.00 Tee International
$55.40 AIMS AMP Industrial Reit
$50.20 Mapletree Industrial
Divested away Ascott Reit for a small nett gain of $12 as part of usual portfolio re-balancing in this week. In its 4Q2013 financial results, revenue +11% mainly due to the additional contribution of S$8.3 million from the properties acquired in November 2012 and June 2013 and stronger performance from Belgium and France. RevPAU -7% mainly due to weaker performance from Philippines and Japan (arising from depreciation of Japanese Yen) and relatively lower average daily rate from the newly acquired properties in China. It made two yield accretive acquisitions recently; (1) serviced residence property in Dalian, China (2) rental housing property in Fukuoka, Japan. In China, it currently owns seven serviced residences with more than 1,200 apartment units across Beijing, Guangzhou, Shanghai, Shenyang, Suzhou and Tianjin. In Japan, it currently owns three serviced residences and 30 rental housing properties with about 1,900 apartment units across major cities including Tokyo, Fukuoka, Hiroshima, Kyoto, Saga, Sapporo and Sendai.
Portfolio walk since previous posting :-
previous journal :- CPF - Closing Status 7 Mar
Remarks :- Profits locked in to-date $1,139 / year 2014 $495
Collected the following dividends in March month for my CPF portfolio :-
$135.00 Tee International
$55.40 AIMS AMP Industrial Reit
$50.20 Mapletree Industrial
Divested away Ascott Reit for a small nett gain of $12 as part of usual portfolio re-balancing in this week. In its 4Q2013 financial results, revenue +11% mainly due to the additional contribution of S$8.3 million from the properties acquired in November 2012 and June 2013 and stronger performance from Belgium and France. RevPAU -7% mainly due to weaker performance from Philippines and Japan (arising from depreciation of Japanese Yen) and relatively lower average daily rate from the newly acquired properties in China. It made two yield accretive acquisitions recently; (1) serviced residence property in Dalian, China (2) rental housing property in Fukuoka, Japan. In China, it currently owns seven serviced residences with more than 1,200 apartment units across Beijing, Guangzhou, Shanghai, Shenyang, Suzhou and Tianjin. In Japan, it currently owns three serviced residences and 30 rental housing properties with about 1,900 apartment units across major cities including Tokyo, Fukuoka, Hiroshima, Kyoto, Saga, Sapporo and Sendai.
-$9,182 Total Returns as of 7 Mar
+$241 Dividends received : Mapletree Industrial, Tee Intl, AIMS AMP Industrial
+$12 Nett gain on sales of Ascott Reit
-$26 Realized transactions differences and Qtr 1 service charge per CPF Investment statement
+$1,053 Unrealised positions improved
+$241 Dividends received : Mapletree Industrial, Tee Intl, AIMS AMP Industrial
+$12 Nett gain on sales of Ascott Reit
-$26 Realized transactions differences and Qtr 1 service charge per CPF Investment statement
+$1,053 Unrealised positions improved
-$7,902 Total Returns as of 11 Apr
previous journal :- CPF - Closing Status 7 Mar
Remarks :- Profits locked in to-date $1,139 / year 2014 $495
Sunday, 30 March 2014
Cash - Closing Status 28 March
Divested away SingPost 5 lots in this week from my Cash portfolio for a nett gain of $65 as part of regular portfolio
re-balancing. In its 3Q2014 results, revenue +30.2%, Profit +0.7%. Higher revenue because of contributions from acquisitions and growth in e-Commerce related activities across the business segments. Total expenses +36.6% mainly attributable to the change in business model to a diversified group and growth in lower margin businesses. It has been taking proactive measures to manage costs including the implementation of shared services and productivity improvements to achieve considerable savings and be more efficient, although rising manpower costs continue to be a challenge. Finance expenses -43.0% as it had repaid the $300 mil bond in Apr'13. Its focus is on building end-to-end e-Commerce logistics solutions in the region - freight, warehousing & fulfillment, last mile delivery & returns and front-end web solutions. Several other major customers have come on board to leverage its e-Commerce solutions including Canon, Philips and Toshiba. It expects good growth potential in this space and is ready to tap the opportunities. In a recent Standard & Poor's announcement, SingPost rating got lowered to 'A' from 'A+' on continuing business risks; and outlook Stable. The stable (previously, negative) outlook reflects S&P's expectation that ongoing business transformation will prevent a material decline in SingPost's profitability over the next 12-24 months.
Divested away AIMS AMP Industrial Reit 1 lot in this week for $28 nett gain as part of usual portoflio re-balancing. In its 3Q2014 financial results, NPI +26.6%; available distributable income +29.6%. DPU +7.4%. Its NAV as of end Dec'13 was at $1.5183 and its last done share price on this Friday is already at a discount at $1.36 (partly due to recent Rights Issue effect). Portfolio occupancy rate at 98.2% as of end Dec'13. Only 2.6% of NLA expiring in 2014. Redevelopment of its Defu Lane 10 property on schedule and within budget and TOP is expected in May'14; expect income contribution in Sept 2014 quarter. For the development of phase 2e and 3 of its Gul Way property which upon completion will likely resulting 8.17% NPI yield on cost.
Reduced HPH Trust 2 lots in this week as part of usual portfolio re-balancing for $52 nett gain; total holding in it now at 4 lots. Attractive valuation after recent share price correction. In its 4Q2013 revenue -0.8% and profit -34.2% versus last year. The average revenue per TEU for Hong Kong came in lower due to one-off concession granted to liners after industrial action in HIT port; also came in lower for China due to adverse throughput mix of containers from liners. Cost of services rendered +10.3% and Staff costs +12.5% due to RMB appreciation, inflationary pressure, higher container throughput and ACT's staff costs after the acquisition. Its end of Dec'13 NAV at HKD 7.26 (approx. SGD 1.19); last done share price on this Friday at $0.835. 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. Recently it has established a joint venture and strategic alliance with COSCO Ports (ACT) Limited (a subsidiary of COSCO Pacific Limited) and China Shipping Terminal Development (Hong Kong) Company Limited (a subsidiary of China Shipping (Group) Company) respectively through their investments of 40% and 20% in HPH Trust’s wholly-owned subsidiary, Asia Container Terminals Holdings Limited, and their acquisition of corresponding proportions of existing loans owing to a subsidiary of HPH Trust by the ACT Holdings group for an aggregate consideration of HK$2,472,000,000 (equivalent to approximately S$403 million). The JV Alliance, has resulted in a reduction of HPH Trust’s effective interests in ACT Holdings from 100% to 40.0%. The establishment of the JV Alliance is an important and significant milestone achievement for both HPH Trust and the Hong Kong container port industry as a whole in that (i) not only does it yield a disposal gain of approximately HK$125 million (equivalent to approximately S$20 million) for HPH Trust, (ii) by securing this collaborative and strategically beneficial relationship with both COSCO Pacific and China Shipping, it allows all four berths located at the COSCO-HIT Terminals and the Asia Container Terminals to be operated as one contiguous 1,380 metre long berth, thereby enhancing Hong Kong’s position as a long term transshipment hub within the Pearl River Delta region compensating for the stagnant growth in South China’s transshipment and export volumes in 2013, (iii) servicing multiple mega vessels at this contiguous berth simultaneously is now possible, and (iv) the operational flexibility, efficiencies, synergies, competitiveness, and ultimately profitability of all relevant Hong Kong port operators are expected to be substantively bolstered.
Portfolio walk since previous posting :-
+$2,360 Total Returns as of 21 March
+$145 Nett gain on sales of HPH Trust, AIMS AMP Ind Reit, SingPost
+$771 Unrealised positions improved
+$3,276 Total Returns as of 28 March
Previous posting :- Cash - Closing Status 21 Mar
Remarks :- Profits locked in to-date $12,954 / year 2014 $1,462
Divested away AIMS AMP Industrial Reit 1 lot in this week for $28 nett gain as part of usual portoflio re-balancing. In its 3Q2014 financial results, NPI +26.6%; available distributable income +29.6%. DPU +7.4%. Its NAV as of end Dec'13 was at $1.5183 and its last done share price on this Friday is already at a discount at $1.36 (partly due to recent Rights Issue effect). Portfolio occupancy rate at 98.2% as of end Dec'13. Only 2.6% of NLA expiring in 2014. Redevelopment of its Defu Lane 10 property on schedule and within budget and TOP is expected in May'14; expect income contribution in Sept 2014 quarter. For the development of phase 2e and 3 of its Gul Way property which upon completion will likely resulting 8.17% NPI yield on cost.
Reduced HPH Trust 2 lots in this week as part of usual portfolio re-balancing for $52 nett gain; total holding in it now at 4 lots. Attractive valuation after recent share price correction. In its 4Q2013 revenue -0.8% and profit -34.2% versus last year. The average revenue per TEU for Hong Kong came in lower due to one-off concession granted to liners after industrial action in HIT port; also came in lower for China due to adverse throughput mix of containers from liners. Cost of services rendered +10.3% and Staff costs +12.5% due to RMB appreciation, inflationary pressure, higher container throughput and ACT's staff costs after the acquisition. Its end of Dec'13 NAV at HKD 7.26 (approx. SGD 1.19); last done share price on this Friday at $0.835. 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. Recently it has established a joint venture and strategic alliance with COSCO Ports (ACT) Limited (a subsidiary of COSCO Pacific Limited) and China Shipping Terminal Development (Hong Kong) Company Limited (a subsidiary of China Shipping (Group) Company) respectively through their investments of 40% and 20% in HPH Trust’s wholly-owned subsidiary, Asia Container Terminals Holdings Limited, and their acquisition of corresponding proportions of existing loans owing to a subsidiary of HPH Trust by the ACT Holdings group for an aggregate consideration of HK$2,472,000,000 (equivalent to approximately S$403 million). The JV Alliance, has resulted in a reduction of HPH Trust’s effective interests in ACT Holdings from 100% to 40.0%. The establishment of the JV Alliance is an important and significant milestone achievement for both HPH Trust and the Hong Kong container port industry as a whole in that (i) not only does it yield a disposal gain of approximately HK$125 million (equivalent to approximately S$20 million) for HPH Trust, (ii) by securing this collaborative and strategically beneficial relationship with both COSCO Pacific and China Shipping, it allows all four berths located at the COSCO-HIT Terminals and the Asia Container Terminals to be operated as one contiguous 1,380 metre long berth, thereby enhancing Hong Kong’s position as a long term transshipment hub within the Pearl River Delta region compensating for the stagnant growth in South China’s transshipment and export volumes in 2013, (iii) servicing multiple mega vessels at this contiguous berth simultaneously is now possible, and (iv) the operational flexibility, efficiencies, synergies, competitiveness, and ultimately profitability of all relevant Hong Kong port operators are expected to be substantively bolstered.
Portfolio walk since previous posting :-
+$2,360 Total Returns as of 21 March
+$145 Nett gain on sales of HPH Trust, AIMS AMP Ind Reit, SingPost
+$771 Unrealised positions improved
+$3,276 Total Returns as of 28 March
Previous posting :- Cash - Closing Status 21 Mar
Remarks :- Profits locked in to-date $12,954 / year 2014 $1,462
Sunday, 23 March 2014
Cash - Closing Status 21 March
Invested into AIMS AMP Industrial Reit 1 lot in this
week under Cash portfolio as part of usual portoflio re-balancing. In its 3Q2014 financial results, NPI
+26.6%; available
distributable income +29.6%. DPU +7.4%. Its NAV as of end
Dec'13 was at $1.5183 and its last done share price on this Friday is
already at a discount at $1.31 (partly due to recent Rights Issue effect). Portfolio
occupancy rate at 98.2% as of end Dec'13. Only 2.6% of NLA expiring in
2014. Redevelopment of its Defu Lane 10 property on schedule and within
budget and TOP is expected in May'14; expect income contribution in Sept 2014 quarter. For the development of
phase 2e and 3 of its Gul Way property which upon completion will likely resulting
8.17% NPI yield on cost.
Added GRP Ltd 10 lots in this week as part of usual portfolio re-balancing; total holding in it now at 86 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. The ex-President of REDAS, Mr Teo Tong How will be part of GRP's independent non-executive director and chairman of the board of directors. Mr. Teo will add tremendous value to GRP due to his vast knowledge, experience and network in property development, and property investments.
Portfolio walk since previous posting :-
+$3,438 Total Returns as of 14 March
-$1,078 Unrealised positions worsened
+$2,360 Total Returns as of 21 March
Previous posting :- Cash - Closing Status 14 Mar
Remarks :- Profits locked in to-date $12,839 / year 2014 $1,347
Added GRP Ltd 10 lots in this week as part of usual portfolio re-balancing; total holding in it now at 86 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. The ex-President of REDAS, Mr Teo Tong How will be part of GRP's independent non-executive director and chairman of the board of directors. Mr. Teo will add tremendous value to GRP due to his vast knowledge, experience and network in property development, and property investments.
+$3,438 Total Returns as of 14 March
-$1,078 Unrealised positions worsened
+$2,360 Total Returns as of 21 March
Previous posting :- Cash - Closing Status 14 Mar
Remarks :- Profits locked in to-date $12,839 / year 2014 $1,347
Saturday, 1 March 2014
SRS - Closing status 28 February
In my srs portfolio l have existing counter on AIMS AMP Industrial Reit 2 lots
and and hence l am given AIMSAMPI Reit Rights of 0.350 lot. In this week l have
sold away my 'nil paid' AIMSAMPI Reit Rights 0.350 lot for a nett proceed of $60.
Portfolio walk since previous posting :-
+$6,007 Total Returns as of 21 Feb
+$60 Nett gain on sales of AIMSAMPI Reit rights
+$175 Unrealised positions improved
+$6,242 Total Returns as of 28 Feb
previous posting :- SRS - Closing status 21 Feb
Remarks :- Profits locked in to-date $12,998 / year 2014 $396
+$6,007 Total Returns as of 21 Feb
+$60 Nett gain on sales of AIMSAMPI Reit rights
+$175 Unrealised positions improved
+$6,242 Total Returns as of 28 Feb
previous posting :- SRS - Closing status 21 Feb
Remarks :- Profits locked in to-date $12,998 / year 2014 $396
CPF - Closing Status 28 Feb
In my cpf portfolio l have existing counter on AIMS AMP Industrial Reit 2 lots
and and hence l am given AIMSAMPI Reit Rights of 0.350 lot. In this week l have
sold away my 'nil paid' AIMSAMPI Reit Rights 0.350 lot for a nett proceed of $56.
Portfolio walk since previous posting :-
previous journal :- CPF - Closing Status 31 Dec
Remarks :- Profits locked in to-date $700 / year 2014 $56
Portfolio walk since previous posting :-
-$7,135 Total Returns as of 2013 Dec 31
+$56 Nett gain from sales of AIMSAMPI Reit rights
-$1,929 Unrealised positions worsened
+$56 Nett gain from sales of AIMSAMPI Reit rights
-$1,929 Unrealised positions worsened
-$9,008 Total Returns as of 28 Feb
previous journal :- CPF - Closing Status 31 Dec
Remarks :- Profits locked in to-date $700 / year 2014 $56
Sunday, 15 December 2013
SRS - Closing status 13 December
Re-invested into AIMS AMP Industrial Reit 2 lots in this
week under SRS portfolio. For its 2Q2014 financial results, NPI
+23.6%; available
distributable income +28.7%. DPU +10%. Its NAV as of end
Sep'13 was at $1.52 and its last done share price on this Friday is
already at a discount at $1.41. Earliest debt expiry is in Oct'15.
Aggregate leverage of 25.2%. Its capital structure is well positioned for potential Fed tapering as 100% of its debt costs are fixed. Portfolio
occupancy rate at 98% as of end Sep'13. Only 3.2% of NLA expiring in
2014. Redevelopment of its Defu Lane 10 property on schedule and within budget and TOP is expected in May'14. It commenced development of phase 2e and 3 of its Gul Way property which upon completion resulting 8.3% NPI yield on cost. It recently acquires 49% interest in Optus Centre in Sydney,
Australia; which expected to be completed by 1Q2014. Optus Centre is Australia's largest campus-style office complex and is fully leased by SingTel for a weighted average lease term of 8.6 years with fixed annual escalation of 3%.
Invested into Soilbuild Reit 3 lots in this week. Its 3Q2013 financial results has exceeded the forecast set out in its IPO prospectus, with most of the key drivers to the result performing better than expectation. Revenue, property expenses and finance costs all recorded positive variances and contributed to an overall outperformance on the distributable income line. Its share price as of this Friday at $0.75 is currently below its NAV as of end Sept'13 of $0.80. Earliest debt maturity is in year 2015, are equally spread out over three years (2015-2017). Occupancy rate 99.8%.
Portfolio walk since previous posting :-
+$6,942 Total Returns as of 6 Dec
-$532 Unrealised positions worsened
+$6,410 Total Returns as of 13 Dec
previous posting :- SRS - Closing status 6 Dec
Invested into Soilbuild Reit 3 lots in this week. Its 3Q2013 financial results has exceeded the forecast set out in its IPO prospectus, with most of the key drivers to the result performing better than expectation. Revenue, property expenses and finance costs all recorded positive variances and contributed to an overall outperformance on the distributable income line. Its share price as of this Friday at $0.75 is currently below its NAV as of end Sept'13 of $0.80. Earliest debt maturity is in year 2015, are equally spread out over three years (2015-2017). Occupancy rate 99.8%.
Portfolio walk since previous posting :-
+$6,942 Total Returns as of 6 Dec
-$532 Unrealised positions worsened
+$6,410 Total Returns as of 13 Dec
previous posting :- SRS - Closing status 6 Dec
Saturday, 7 December 2013
CPF - Closing Status 6 December
Received the CPF
Investment statement from the bank in this week for November month.
Have updated CPF portfolio with the correct charges incurred on both
investments and divestments made in November month.
Also from the CPF Investment statement, the following dividends were received in Nov'13 :-
$100.00 SingPost
$159.15 Mapletree Greater China Commercial Trust
$212.60 Cache Logistics
$125.00 Tee International
Invested into Ascott Reit 2 lots in this week under CPF portfolio. In its 3Q2013 financial results, revenue +11% mainly driven by contributions from 17 properties in China, Germany, Japan and Singapore which were acquired in the 2nd half of 2012 and June 2013. Increase in revenue was partially offset by the divestment in Sep'12 and lower contribution from existing properties in Philippines and Japan (due to depreciation of JPY against SGD). Its recent rights issue 1.6 times subscribed. Purposes of rights issue are to pay down its debt, to fund capex and AEI and for general corporate and working capital uses. The increase in its debt headroom as a result of reduced borrowings will enhance its flexibility in pursuing potential acquisitions and at the same time improve its competitive positioning in the market via AEI plans. Its gearing level post Rights will improve to 34.3% from 41.1% (end Sep'13 status).
Invested into AIMS AMP Industrial Reit 2 lots in this week under CPF portfolio. For its 2Q2014 financial results, NPI +23.6%; available distributable income +28.7%. DPU +10%. Its NAV as of end Sep'13 was at $1.52 and its last done share price on this Friday is already at a discount at $1.445. Earliest debt expiry is in Oct'15. Aggregate leverage of 25.2%. Portfolio occupancy rate at 98% as of end Sep'13. Only 3.2% of NLA expiring in 2014. It recently acquires 49% interest in Optus Centre in Sydney, Australia; which expected to be completed by 1Q2014.
l will know the exact investment costs and divestment proceeds when the bank send the CPF Investment statement to me after month end; which l will then make necessary update to the Total Returns.
Portfolio walk since previous posting :-
previous journal :- CPF - Closing Status 29 Nov
Also from the CPF Investment statement, the following dividends were received in Nov'13 :-
$100.00 SingPost
$159.15 Mapletree Greater China Commercial Trust
$212.60 Cache Logistics
$125.00 Tee International
Invested into Ascott Reit 2 lots in this week under CPF portfolio. In its 3Q2013 financial results, revenue +11% mainly driven by contributions from 17 properties in China, Germany, Japan and Singapore which were acquired in the 2nd half of 2012 and June 2013. Increase in revenue was partially offset by the divestment in Sep'12 and lower contribution from existing properties in Philippines and Japan (due to depreciation of JPY against SGD). Its recent rights issue 1.6 times subscribed. Purposes of rights issue are to pay down its debt, to fund capex and AEI and for general corporate and working capital uses. The increase in its debt headroom as a result of reduced borrowings will enhance its flexibility in pursuing potential acquisitions and at the same time improve its competitive positioning in the market via AEI plans. Its gearing level post Rights will improve to 34.3% from 41.1% (end Sep'13 status).
Invested into AIMS AMP Industrial Reit 2 lots in this week under CPF portfolio. For its 2Q2014 financial results, NPI +23.6%; available distributable income +28.7%. DPU +10%. Its NAV as of end Sep'13 was at $1.52 and its last done share price on this Friday is already at a discount at $1.445. Earliest debt expiry is in Oct'15. Aggregate leverage of 25.2%. Portfolio occupancy rate at 98% as of end Sep'13. Only 3.2% of NLA expiring in 2014. It recently acquires 49% interest in Optus Centre in Sydney, Australia; which expected to be completed by 1Q2014.
l will know the exact investment costs and divestment proceeds when the bank send the CPF Investment statement to me after month end; which l will then make necessary update to the Total Returns.
Portfolio walk since previous posting :-
-$7,036 Total Returns as of 29 Nov
+$597 Dividends from SingPost, Cache, Tee Intl, Mapletree Greater China
-$1 Realized transactions differences per CPF Investment statement from bank
-$1,600 Unrealised positions worsened
+$597 Dividends from SingPost, Cache, Tee Intl, Mapletree Greater China
-$1 Realized transactions differences per CPF Investment statement from bank
-$1,600 Unrealised positions worsened
-$8,040 Total Returns as of 6 Dec
previous journal :- CPF - Closing Status 29 Nov
Sunday, 3 November 2013
SRS - Closing status 01 November
Divested all away AIMS AMP Industrial Reit 4 lots in this week under SRS portfolio, before it gone XD on 1 Nov. Achieved nett gain $129 which 17% higher than the actual dividend declared ---> 4 lots x dividend rate $0.0275 x 1.17 times = $129. Actual dividend payment date is 18 Dec and l have already collected its dividend in advance. The proceeds from this divestment allows me to look out for other investment opportunity. For its 2Q2014 financial results, NPI +23.6%; available distributable income +28.7%. DPU +10%. Its NAV as of end
Sep'13 was at $1.52 and its last done share price on this Friday was at a
slight premium to NAV at $1.555. Earliest debt expiry is in Oct'15. Aggregate leverage of 25.2%. Portfolio
occupancy rate at 98% as of end Sep'13. Only 3.2% of NLA expiring in 2014.
Portfolio walk since previous posting :-
+$8,190 Total Returns as of 25 Oct
+$129 Gain on sales of AIMS AMP
-$113 Unrealised positions worsened
+$8,206 Total Returns as of 01 Nov
previous posting :- SRS - Closing status 25 Oct
+$8,190 Total Returns as of 25 Oct
+$129 Gain on sales of AIMS AMP
-$113 Unrealised positions worsened
+$8,206 Total Returns as of 01 Nov
previous posting :- SRS - Closing status 25 Oct
Sunday, 13 October 2013
SRS - 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%).
Added CM Pacific 9 lots in this week under SRS portfolio, bringing my total holding in it at 12 lots. Its 3Q2013 to be announced some time 4th week of Oct'13 is likely to mirror previous quarter performance. It is unlikely l have enough time to divest my shareholding in it in order to collect its dividend in advance so l will be keeping as passive income stream for now. It goes XD on 18 October.
Added AIMS AMP Industrial Reit 7 lots in this week but have decided to divest away 10 lots of it away in the same week. l have remaining 4 lots of it now under SRS portfolio. Have achieved $253 nett gain on the 10 lots divested away. For its next dividend payment it is likely to XD in the 1st week of Nov'13 and payment date in the 2nd or 3rd week of Dec'13. l have estimated its dividend rate same as last year at $0.025 so, on 10 lots l would be getting dividend amount $250 = 10 lots x dividend rate $0.025. The nett gain $253 amount is par to the estimated dividend amount $250 and l have already collected it in advance.
I have actively started using SRS funds for stock investing since Sept'2011 and l have already locked-in $11,391 realized gain. In Nov'13 and Dec'13 l am expecting to receive dividends amounting to $751. Current SRS contribution cap is $12,750 and within 2 years and 2 months (Sep'11-Dec'13) l will achieve realized gain of $12,142 (locked-in realized gain $11,391 + dividends in Nov'13/Dec'13 $751). Something like, invest for two years and getting one year of SRS contribution cap amount free. And the amount deposited into SRS account with the bank allows one to claim for tax relief.
Portfolio walk since previous posting :-
+$7,646 Total Returns as of 4 Oct
+$253 Gain on sales of AIMS AMP
+$626 Unrealised positions improved
+$8,524 Total Returns as of 11 Oct
previous posting :- SRS - Closing status 4 Oct
Added CM Pacific 9 lots in this week under SRS portfolio, bringing my total holding in it at 12 lots. Its 3Q2013 to be announced some time 4th week of Oct'13 is likely to mirror previous quarter performance. It is unlikely l have enough time to divest my shareholding in it in order to collect its dividend in advance so l will be keeping as passive income stream for now. It goes XD on 18 October.
Added AIMS AMP Industrial Reit 7 lots in this week but have decided to divest away 10 lots of it away in the same week. l have remaining 4 lots of it now under SRS portfolio. Have achieved $253 nett gain on the 10 lots divested away. For its next dividend payment it is likely to XD in the 1st week of Nov'13 and payment date in the 2nd or 3rd week of Dec'13. l have estimated its dividend rate same as last year at $0.025 so, on 10 lots l would be getting dividend amount $250 = 10 lots x dividend rate $0.025. The nett gain $253 amount is par to the estimated dividend amount $250 and l have already collected it in advance.
I have actively started using SRS funds for stock investing since Sept'2011 and l have already locked-in $11,391 realized gain. In Nov'13 and Dec'13 l am expecting to receive dividends amounting to $751. Current SRS contribution cap is $12,750 and within 2 years and 2 months (Sep'11-Dec'13) l will achieve realized gain of $12,142 (locked-in realized gain $11,391 + dividends in Nov'13/Dec'13 $751). Something like, invest for two years and getting one year of SRS contribution cap amount free. And the amount deposited into SRS account with the bank allows one to claim for tax relief.
Portfolio walk since previous posting :-
+$7,646 Total Returns as of 4 Oct
+$253 Gain on sales of AIMS AMP
+$626 Unrealised positions improved
+$8,524 Total Returns as of 11 Oct
previous posting :- SRS - Closing status 4 Oct
Saturday, 5 October 2013
SRS - Closing status 4 October
Added AIMS AMP Industrial Reit 3 lots in this week under SRS portfolio so l have total holding of 7 lots in it now. Based on my investment costs in it l am looking forward for an annual dividend yield of around 6.6%. Also, l am expecting it to report a higher dividend rate when it reports Qtr 2 results in three weeks time driven by the completed phase II of 20 Gul Way in May'13.
Divested UMS 20 lots in this week for a nett gain of $226 using the exit selling price based on the expected dividend amount. It goes XD on 8th October and dividend payment date is on 29 October. For 20 lots, dividend amount would have been at $200 = 20 lots x dividend rate $0.01. The $226 nett gain is higher than the expected dividend amount of $200 and l have added the proceeds back into my war chest. Also, l have already collected its dividends in advance.
Portfolio walk since previous posting :-
+$7,931 Total Returns as of 27 Sept
+$226 Gain on sales of UMS
-$511 Unrealised positions worsened
+$7,646 Total Returns as of 04 Oct
previous posting :- SRS - Closing status 27 Sept
Divested UMS 20 lots in this week for a nett gain of $226 using the exit selling price based on the expected dividend amount. It goes XD on 8th October and dividend payment date is on 29 October. For 20 lots, dividend amount would have been at $200 = 20 lots x dividend rate $0.01. The $226 nett gain is higher than the expected dividend amount of $200 and l have added the proceeds back into my war chest. Also, l have already collected its dividends in advance.
Portfolio walk since previous posting :-
+$7,931 Total Returns as of 27 Sept
+$226 Gain on sales of UMS
-$511 Unrealised positions worsened
+$7,646 Total Returns as of 04 Oct
previous posting :- SRS - Closing status 27 Sept
Sunday, 1 September 2013
Cash - Closing Status 30 August
Divested away AIMS AMP Industrial Reit
1 lot in this week under Cash portfolio for a $28 nett gain after 1 week of investment into it. Assuming that its next dividend rate same as last year at $0.025 and payment date around 20 Dec so the $28 nett gain was slightly higher than the expected dividend amount ---> 1 lot x dividend rate $0.025 x 1.11 times. And l have already collected the dividends in advance by almost four months and also l can re-use the proceeds for other investment opportunity.
Added Ascott Reit 1 lot in this week. So my total holding in it now at 2 lots. Based on my investment costs in it l can expect a 6.9% dividend yield if l am really stuck with my investment in it.
Donated $25 to Equal Ark in this week
My investment increased in Far East Hospitality Trust 1 lot so l have total holding of 7 lots now. Based on my investment cost in it l can expect 6.0% (based on run rate) of annual dividend from it. This Trust is all-Singapore based hotels and serviced residences so it will be interesting to see how well it can withstand the ongoing adverse micro and macro events locally and globally.
Re-invested into First Reit 1 lot in this week under Cash portfolio after having divested it away in the previous week with nett gain higher than the forecasted dividend payment in Nov'13. I did the same for this week. I have divested my 1 lot holding in the same week for $25 nett gain versus expected dividend payment in Nov'13 of $17 (1 lot x dividend rate $0.0168). So l have collected its dividend in advance by three months and at a higher amount too. It is very important to set an exit selling price and l have attained peace of mind with my stock investment.
Invested into K-Green Trust 1 lot in this week and it comes with an annual dividend yield of 7.7% based on my investment costs in it. Its current businesses have been locally based so far. Having gut feeling that it will spread its wings to Asia Pacific and Europe soon. It will be confirmed once there is new company incorporation.
Received the following dividends in this week for my Cash portfolio :-
$40.81 Ascott Reit
$42.94 Cache Logistics
$108.20 CDL Hospitality Trusts
$39.40 Keppel Reit
$112.45 Suntec Reit
It must have been hasty move when l have invested into KrisEnergy 2 lots in this week without further verifying on its potential dividend payout; which l later found out that they do not have intention to pay any dividend. l was lucky to have been able to divest it away for a $38 nett gain. I am not into trading or speculation and also not so keen with growth stock so l am depending on reasonably good dividend stock.
Added Mapletree Industrial 1 lot under Cash portfolio for this week so l have total holding of 2 lots of it now. In its recent 1Q2014 results, it reported higher distributable income which was higher by 9% versus year ago because of higher rental rates secured across all its property segments and achieving higher occupancies. Based on my investment costs in it l will be getting dividend yield 7.1% per year.
Invested into OUE HTrust 1 lot. Using dividend rate $0.0477 ( for 9 months financial) from its IPO prospectus and based on my investment costs in it so l can expect annual dividend yield of promising an annual dividend yield of 7.4%. First dividend payment will happen some time March 2014. l am eyeing an advance dividend from it, probably using a few round of investments and divestments.
To diversify further, for this week under Cash portfolio l have invested into Perennial China Retail Trust 2 lots. If l hold it for long term then l can expect 7.5% dividend yield per year based on my investment costs in it.
I am not sure whether it was a risky decision when l have invested into Sabana Reit 1 lot in this week. At the moment there is no new development yet on the four master leases expiring in Nov'13. I am hoping that it will not materially affecting my expectation of 8.2% dividend yield per year based on my investment costs in it.
Allocated a small investment funds into Sin Ghee Huat 2 lots in this week. My total holding in it now at 3 lots. It reported poorer results versus year ago recently but l will not be worrying so much of it. Its business served five segments :- marine and shipbuilding, oil and gas and petrochemicals, building and construction, machining and processing, and trading and others so there will always be opportunities out there for it. I am eyeing an advance dividends from it as l have already set an exit selling price for it.
Portfolio walk since previous posting :-
+$206 Total Returns as of 23 Aug
+$90 Gain on sales of First Reit, KrisEnergy, AIMS AMP
+$344 Dividends collected from Ascott Reit, Cache Logistics, CDL HTrust, Keppel Reit. Suntec Reit
-$25 Donation to Equal Ark
-$561 Unrealised positions worsened
+$54 Total Returns as of 30 Aug
Previous posting :-Cash - Closing Status 23 Aug
Added Ascott Reit 1 lot in this week. So my total holding in it now at 2 lots. Based on my investment costs in it l can expect a 6.9% dividend yield if l am really stuck with my investment in it.
Donated $25 to Equal Ark in this week
My investment increased in Far East Hospitality Trust 1 lot so l have total holding of 7 lots now. Based on my investment cost in it l can expect 6.0% (based on run rate) of annual dividend from it. This Trust is all-Singapore based hotels and serviced residences so it will be interesting to see how well it can withstand the ongoing adverse micro and macro events locally and globally.
Re-invested into First Reit 1 lot in this week under Cash portfolio after having divested it away in the previous week with nett gain higher than the forecasted dividend payment in Nov'13. I did the same for this week. I have divested my 1 lot holding in the same week for $25 nett gain versus expected dividend payment in Nov'13 of $17 (1 lot x dividend rate $0.0168). So l have collected its dividend in advance by three months and at a higher amount too. It is very important to set an exit selling price and l have attained peace of mind with my stock investment.
Invested into K-Green Trust 1 lot in this week and it comes with an annual dividend yield of 7.7% based on my investment costs in it. Its current businesses have been locally based so far. Having gut feeling that it will spread its wings to Asia Pacific and Europe soon. It will be confirmed once there is new company incorporation.
Received the following dividends in this week for my Cash portfolio :-
$40.81 Ascott Reit
$42.94 Cache Logistics
$108.20 CDL Hospitality Trusts
$39.40 Keppel Reit
$112.45 Suntec Reit
It must have been hasty move when l have invested into KrisEnergy 2 lots in this week without further verifying on its potential dividend payout; which l later found out that they do not have intention to pay any dividend. l was lucky to have been able to divest it away for a $38 nett gain. I am not into trading or speculation and also not so keen with growth stock so l am depending on reasonably good dividend stock.
Added Mapletree Industrial 1 lot under Cash portfolio for this week so l have total holding of 2 lots of it now. In its recent 1Q2014 results, it reported higher distributable income which was higher by 9% versus year ago because of higher rental rates secured across all its property segments and achieving higher occupancies. Based on my investment costs in it l will be getting dividend yield 7.1% per year.
Invested into OUE HTrust 1 lot. Using dividend rate $0.0477 ( for 9 months financial) from its IPO prospectus and based on my investment costs in it so l can expect annual dividend yield of promising an annual dividend yield of 7.4%. First dividend payment will happen some time March 2014. l am eyeing an advance dividend from it, probably using a few round of investments and divestments.
To diversify further, for this week under Cash portfolio l have invested into Perennial China Retail Trust 2 lots. If l hold it for long term then l can expect 7.5% dividend yield per year based on my investment costs in it.
I am not sure whether it was a risky decision when l have invested into Sabana Reit 1 lot in this week. At the moment there is no new development yet on the four master leases expiring in Nov'13. I am hoping that it will not materially affecting my expectation of 8.2% dividend yield per year based on my investment costs in it.
Allocated a small investment funds into Sin Ghee Huat 2 lots in this week. My total holding in it now at 3 lots. It reported poorer results versus year ago recently but l will not be worrying so much of it. Its business served five segments :- marine and shipbuilding, oil and gas and petrochemicals, building and construction, machining and processing, and trading and others so there will always be opportunities out there for it. I am eyeing an advance dividends from it as l have already set an exit selling price for it.
Portfolio walk since previous posting :-
+$206 Total Returns as of 23 Aug
+$90 Gain on sales of First Reit, KrisEnergy, AIMS AMP
+$344 Dividends collected from Ascott Reit, Cache Logistics, CDL HTrust, Keppel Reit. Suntec Reit
-$25 Donation to Equal Ark
-$561 Unrealised positions worsened
+$54 Total Returns as of 30 Aug
Previous posting :-Cash - Closing Status 23 Aug
Sunday, 25 August 2013
Cash - Closing Status 23 August
Invested into First Reit 2 lots in this week under Cash portfolio. But in the same week l have divested it away for nett gain
of $49. Using last year as a guide, next dividend will XD on 31 October and dividend payment to happen on 29 Nov for dividend rate of $0.0168. If l have invested and hold then l can expect dividend amount at $34 but the nett gain for divesting it away in this week was at a higher amount (2 lots x dividend rate $0.0168 x 1.47 times). And l have
already collected its dividend instead of waiting for its payment date, earlier by three months. Also l have freed up available funds for other investment opportunities.
Increased my holding in SingPost 1 lot in this week under Cash portfolio. Cost management is key element to watch as Qtr 1 higher revenue was quickly eroded by it. Hopefully it can quickly finding synergies among its businesses especially from recently acquired ones. Also, with 7th consecutive quarter of domestic mail volume decline so it clearly shows the need for it to (tactfully) continue with its transformation journey.
In this week for my Cash portfolio, l have invested into AIMS AMP Industrial Reit 1 lot. Based on my investment costs in it l am looking forward for an annual dividend yield of around 7.1%. Also, for the next quarter, AIMS AMP expects additional rental income from the completed phase II of 20 Gul Way and this will boost distributions further.
Increased my holding in Keppel Reit 1 lot in this week under Cash portfolio. So my total holding in it now at 3 lots. Reasonably good annual dividend yield of 5.9%.
Invested into Rickmers Maritime 18 lots for Cash portfolio in this week. Reasonably good 2Q13 results. Fleet utilization was at 99.7% in 2Q13. It continue to successfully deleverage resulting in a stronger balance sheet. Freight rate restoration started in July and a further freight increase have happened in August. Assuming annual dividend rate maintained at US$0.024 then l can expect a 11% yield.
Got into Asian Pay TV 4 lots under Cash portfolio before it went XD in this week. Investment amount of $3.5k in it is not so significant but l will certainly looking forward to a 10.3% dividend yield from it.
Portfolio walk since previous posting :-
+$1,891 Total Returns as of 16 Aug
+$49 Gain on sales of First Reit
-$1,734 Unrealised positions worsened
+$206 Total Returns as of 23 Aug
Previous posting :-Cash - Closing Status 16 Aug
Increased my holding in SingPost 1 lot in this week under Cash portfolio. Cost management is key element to watch as Qtr 1 higher revenue was quickly eroded by it. Hopefully it can quickly finding synergies among its businesses especially from recently acquired ones. Also, with 7th consecutive quarter of domestic mail volume decline so it clearly shows the need for it to (tactfully) continue with its transformation journey.
In this week for my Cash portfolio, l have invested into AIMS AMP Industrial Reit 1 lot. Based on my investment costs in it l am looking forward for an annual dividend yield of around 7.1%. Also, for the next quarter, AIMS AMP expects additional rental income from the completed phase II of 20 Gul Way and this will boost distributions further.
Increased my holding in Keppel Reit 1 lot in this week under Cash portfolio. So my total holding in it now at 3 lots. Reasonably good annual dividend yield of 5.9%.
Invested into Rickmers Maritime 18 lots for Cash portfolio in this week. Reasonably good 2Q13 results. Fleet utilization was at 99.7% in 2Q13. It continue to successfully deleverage resulting in a stronger balance sheet. Freight rate restoration started in July and a further freight increase have happened in August. Assuming annual dividend rate maintained at US$0.024 then l can expect a 11% yield.
Got into Asian Pay TV 4 lots under Cash portfolio before it went XD in this week. Investment amount of $3.5k in it is not so significant but l will certainly looking forward to a 10.3% dividend yield from it.
Portfolio walk since previous posting :-
+$1,891 Total Returns as of 16 Aug
+$49 Gain on sales of First Reit
-$1,734 Unrealised positions worsened
+$206 Total Returns as of 23 Aug
Previous posting :-Cash - Closing Status 16 Aug
Saturday, 17 August 2013
SRS - Closing status 16 August
Invested into Mapletree Commercial Trust 2 lots in
this week under SRS portfolio. VivoCity maintains respectable growth despite a significant number of tenants undergoing fit-out; also improving performance at PSA building. No debt due to expire in FY 2013/14; started exploring options to refinance debt due to expire in FY 2014/15.
In this week for my SRS portfolio, l have invested into AIMS AMP Industrial Reit 4 lots and got attacked by short sellers almost immediately. I am already down by -6.7% on this new investment as of Friday's closing; rotten luck. But l will not be over worrying as l am looking forward from it an annual dividend yield of around 6.7%. Also, for the next quarter, AIMS AMP expects additional rental income from the completed phase II of 20 Gul Way will boost distributions further.
Portfolio walk since previous posting :-
+$7,265 Total Returns as of 7 Aug
-$1,122 Unrealised positions worsened
+$6,143 Total Returns as of 16 Aug
previous posting :- SRS - Closing status 7 Aug
In this week for my SRS portfolio, l have invested into AIMS AMP Industrial Reit 4 lots and got attacked by short sellers almost immediately. I am already down by -6.7% on this new investment as of Friday's closing; rotten luck. But l will not be over worrying as l am looking forward from it an annual dividend yield of around 6.7%. Also, for the next quarter, AIMS AMP expects additional rental income from the completed phase II of 20 Gul Way will boost distributions further.
Portfolio walk since previous posting :-
+$7,265 Total Returns as of 7 Aug
-$1,122 Unrealised positions worsened
+$6,143 Total Returns as of 16 Aug
previous posting :- SRS - Closing status 7 Aug
Sunday, 30 June 2013
SRS - Closing status 28 June
In this week for my SRS portfolio, l have increased my holding in AIMS AMP Industrial Reit 1 lot. But in the same week l have decided to sell all 4 lots away for a nett gain of $119. Assuming that the next dividend rate is same as last year at $0.025 and also having same XD as last year on 30 July so l will get 4 lots x dividend rate $0.025 = $100 dividend amount. The nett gain of $119 is better than the expected dividend amount and l have already collected it in advance, now.
Divested UMS 5 lots at a nett gain of $68 within one week of investment period. I could not resist for doing so because the nett gain $68 is better than expected dividend amount of $50 (5 lots x dividend rate $0.01). And also l can collect it ahead of its XD date 9 July and payment date 26 July. Anyway, l have re-invested into UMS 21 lots in this week. Its recent business outlook seems okay so l do not mind getting stuck investing in it when its share price starting to drift lower, possibly.
Divested K1 Ventures 10 lots within one week of investment in it for a nett gain of $24 or 1.4% yield , which is far much better than bank deposit rate within such a short investment period. Looking forward to re-invest into K1 Ventures at lower share price levels.
Divested SingPost 6 lots at a nett gain of $118 within three weeks of investment period. The nett gain $118 is around 78% of the dividend amount of $150 (6 lots x dividend rate $0.025 x 78%). Even though the nett gain amount is lower but its a 1.5% yield which is better than bank deposit rate within a rather short investment period. And also l have collected its dividend in advance as it will XD on 2 July and payment date 15 July. Will re-invest into SingPost at lower share price levels.
CDL Hospitality Trusts share price dropped further in this week so l have increased my holding in it from 1 lot to 2 lots now. 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 6.3% based on my investment costs in it.
Added Frasers Centrepoint Trust 1 lot in this week so my total holding in it now at 2 lots. If l am stuck with this investment then l can still expect an annual dividend yield 5.3% which is much better than bank deposit rate.
Portfolio walk since previous posting :-
+$6,599 Total Returns as of 21 June
+$329 Gain on sales of UMS, AIMS AMP Reit, SingPost and K1 Ventures
+$16 Unrealised positions improved
+$6,944 Total Returns as of 28 June
previous posting :- SRS - Closing status 21 June
Divested UMS 5 lots at a nett gain of $68 within one week of investment period. I could not resist for doing so because the nett gain $68 is better than expected dividend amount of $50 (5 lots x dividend rate $0.01). And also l can collect it ahead of its XD date 9 July and payment date 26 July. Anyway, l have re-invested into UMS 21 lots in this week. Its recent business outlook seems okay so l do not mind getting stuck investing in it when its share price starting to drift lower, possibly.
Divested K1 Ventures 10 lots within one week of investment in it for a nett gain of $24 or 1.4% yield , which is far much better than bank deposit rate within such a short investment period. Looking forward to re-invest into K1 Ventures at lower share price levels.
Divested SingPost 6 lots at a nett gain of $118 within three weeks of investment period. The nett gain $118 is around 78% of the dividend amount of $150 (6 lots x dividend rate $0.025 x 78%). Even though the nett gain amount is lower but its a 1.5% yield which is better than bank deposit rate within a rather short investment period. And also l have collected its dividend in advance as it will XD on 2 July and payment date 15 July. Will re-invest into SingPost at lower share price levels.
CDL Hospitality Trusts share price dropped further in this week so l have increased my holding in it from 1 lot to 2 lots now. 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 6.3% based on my investment costs in it.
Added Frasers Centrepoint Trust 1 lot in this week so my total holding in it now at 2 lots. If l am stuck with this investment then l can still expect an annual dividend yield 5.3% which is much better than bank deposit rate.
Portfolio walk since previous posting :-
+$6,599 Total Returns as of 21 June
+$329 Gain on sales of UMS, AIMS AMP Reit, SingPost and K1 Ventures
+$16 Unrealised positions improved
+$6,944 Total Returns as of 28 June
previous posting :- SRS - Closing status 21 June
Sunday, 23 June 2013
SRS - Closing status 21 June
In this week for my SRS portfolio, l have invested into AIMS AMP Industrial Reit 6 lots. In the same week l have decided to reduce my holding in it by half to 3 lots currently. This divestment was at a nett gain of $120. If l am stuck with my investment for the remaining 3 lots then l can still expect an annual dividend of 6.6% based on my investment costs in it.
Divested UMS 25 lots at a nett gain of $164. This is because l was not unsure whether the stock will continue to drift lower so l have decided to divest it all away as l was already in profit position. The $164 nett gain is 66% of its dividend XD on 9 July which l think is still good considering that my investment duration in it was only for one week. Its share price did not go lower much so l have re-invested into UMS 5 lots in the same week. Selling pressure will likely to come in next week as investors did not have much time to react when its share price ended Friday at its 52 weeks high at $0.525.
CDL Hospitality Trusts share price has been dropping for quite some time now and at one time on Friday, it was at its 52 weeks low of $1.70. I have invested into CDL Hospitality Trusts 1 lot in this week but not at its lowest share price level in this week. Will the current haze situation affect its revenue? Possibly yes, when it reports its 2nd quarter results ending 30 June but l think it will be minimal as 15% of its hotel businesses are in Australia and New Zealand and the haze situation happens for only 2-3 weeks duration. 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 6.3% based on my investment costs in it.
Invested into Mapletree Logistics 1 lot. This logistics reit company has its well diversified customer-mix businesses in Singapore, Japan, Malaysia, Hong Kong, China, Vietnam and South Korea. There is greater stability and resilience because there is no reliance on any single industry or customer. Based on my investment costs in it l can expect an annual dividend yield 6.2%.
Invested into K1 Ventures 10 lots this week under SRS portfolio. K1 is into a wide range of investments across diverse industry sectors - 50% in transportation leasing and 50% in Investments (mainly Education, Oil and Gas exploration, Financial Services, Automative Retail, Diversified funds). There are many well known brand names under Education such as Busy Bees, Learning Vision, Learning Horizon, Pat's School House, The Children's House, Canadian International School of Singapore, Brighton Montessori, K12 Inc. In its recently published annual report it said :- ".... It was concluded that shareholders were best served by not seeking additional capital and instead focus on the management of the current investment portfolio with the view to maximise shareholder value, and to distribute excess cash as investments are monetised. ....". There are many powerful names in its board of directors namely Choo Chiau Beng (from Keppel Group), Lee Suan Yew (from Haw Par Group), Teo Soon Hoe (from Keppel Group), Yong Pung How (former Chief Justice of Singapore), Neo Boon Siong (from OCBC, Keppel T&T). At annual dividend rate of $0.015 (interim dividend $0.01 + assumed final dividend $0.005) then l can expect annual dividend yield of 9.0% based on my investment costs for 10 lots.
The share price of Frasers Centrepoint Trust (FrasersCT) looks quite attractive now. Its share price started correcting lower since early May'13. For this week, l have invested into FrasersCT 1 lot and if l am stuck with this investment then l can still expect an annual dividend yield 5.3% which is much better than bank deposit rate.
Also invested into Mapletree Commercial Trust 1 lot in this week at a share price which has a dividend yield 5.4% just in case l am stuck with this investment. Distributable income is likely sustainable at 2012 rate or even higher with the completion of Mapletree Anson acquisition in early Feb'13.
This week for my SRS portfolio l have invested into Kingsmen Creatives 3 lots. Its revenue for 1str quarter results was lower than in 2012 but its gross profit margin at 30.7% was above 2012 full year (25%) and 1Q2012 (27.2%) so it is playing its sales mix well here which contributed positively to its profit. Profit was also higher because of dividend income from other investment income in 1Q2013; not sure whether this is a one-time item? Its associated companies also contributed positively to its profit.
Portfolio walk since previous posting :-
+$6,313 Total Returns as of 14 June
+$285 Gain on sales of UMS and AIMS AMP Reit
+$1 Unrealised positions improved
+$6,599 Total Returns as of 21 June
previous posting :- SRS - Closing status 14 June
Divested UMS 25 lots at a nett gain of $164. This is because l was not unsure whether the stock will continue to drift lower so l have decided to divest it all away as l was already in profit position. The $164 nett gain is 66% of its dividend XD on 9 July which l think is still good considering that my investment duration in it was only for one week. Its share price did not go lower much so l have re-invested into UMS 5 lots in the same week. Selling pressure will likely to come in next week as investors did not have much time to react when its share price ended Friday at its 52 weeks high at $0.525.
CDL Hospitality Trusts share price has been dropping for quite some time now and at one time on Friday, it was at its 52 weeks low of $1.70. I have invested into CDL Hospitality Trusts 1 lot in this week but not at its lowest share price level in this week. Will the current haze situation affect its revenue? Possibly yes, when it reports its 2nd quarter results ending 30 June but l think it will be minimal as 15% of its hotel businesses are in Australia and New Zealand and the haze situation happens for only 2-3 weeks duration. 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 6.3% based on my investment costs in it.
Invested into Mapletree Logistics 1 lot. This logistics reit company has its well diversified customer-mix businesses in Singapore, Japan, Malaysia, Hong Kong, China, Vietnam and South Korea. There is greater stability and resilience because there is no reliance on any single industry or customer. Based on my investment costs in it l can expect an annual dividend yield 6.2%.
Invested into K1 Ventures 10 lots this week under SRS portfolio. K1 is into a wide range of investments across diverse industry sectors - 50% in transportation leasing and 50% in Investments (mainly Education, Oil and Gas exploration, Financial Services, Automative Retail, Diversified funds). There are many well known brand names under Education such as Busy Bees, Learning Vision, Learning Horizon, Pat's School House, The Children's House, Canadian International School of Singapore, Brighton Montessori, K12 Inc. In its recently published annual report it said :- ".... It was concluded that shareholders were best served by not seeking additional capital and instead focus on the management of the current investment portfolio with the view to maximise shareholder value, and to distribute excess cash as investments are monetised. ....". There are many powerful names in its board of directors namely Choo Chiau Beng (from Keppel Group), Lee Suan Yew (from Haw Par Group), Teo Soon Hoe (from Keppel Group), Yong Pung How (former Chief Justice of Singapore), Neo Boon Siong (from OCBC, Keppel T&T). At annual dividend rate of $0.015 (interim dividend $0.01 + assumed final dividend $0.005) then l can expect annual dividend yield of 9.0% based on my investment costs for 10 lots.
The share price of Frasers Centrepoint Trust (FrasersCT) looks quite attractive now. Its share price started correcting lower since early May'13. For this week, l have invested into FrasersCT 1 lot and if l am stuck with this investment then l can still expect an annual dividend yield 5.3% which is much better than bank deposit rate.
Also invested into Mapletree Commercial Trust 1 lot in this week at a share price which has a dividend yield 5.4% just in case l am stuck with this investment. Distributable income is likely sustainable at 2012 rate or even higher with the completion of Mapletree Anson acquisition in early Feb'13.
This week for my SRS portfolio l have invested into Kingsmen Creatives 3 lots. Its revenue for 1str quarter results was lower than in 2012 but its gross profit margin at 30.7% was above 2012 full year (25%) and 1Q2012 (27.2%) so it is playing its sales mix well here which contributed positively to its profit. Profit was also higher because of dividend income from other investment income in 1Q2013; not sure whether this is a one-time item? Its associated companies also contributed positively to its profit.
Portfolio walk since previous posting :-
+$6,313 Total Returns as of 14 June
+$285 Gain on sales of UMS and AIMS AMP Reit
+$1 Unrealised positions improved
+$6,599 Total Returns as of 21 June
previous posting :- SRS - Closing status 14 June
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