Updating latest dividends amount collected since various previous updates on 15 Aug.
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Showing posts with label Sabana. Show all posts
Showing posts with label Sabana. Show all posts
Sunday, 14 September 2014
Sunday, 15 June 2014
SRS - Closing status 13 June
Received the SRS statement from the bank in
this week for May month; collected the following dividends for my SRS stock holdings :-
$39.40 Keppel Reit
$160.00 SembCorp Marine
$154.95 Mapletree Greater China
$56.40 Sabana Reit
$42.80 Cache Logistics
$37.80 Mapletree Logistics
SRS stock holdings walk since previous posting :-
+$11,239 Total Returns as of 6 June
+$491 Dividends from Keppel Reit, Sabana Reit, SembCorp Marine, Cache Log, Mapletree Log, Mapletree GC
-$474 Unrealised positions worsened
+$11,256 Total Returns as of 13 June
previous posting :- SRS - Closing status 6 June
Remarks :- Profits locked in to-date $16,673 / year 2014 $4,071
$39.40 Keppel Reit
$160.00 SembCorp Marine
$154.95 Mapletree Greater China
$56.40 Sabana Reit
$42.80 Cache Logistics
$37.80 Mapletree Logistics
SRS stock holdings walk since previous posting :-
+$11,239 Total Returns as of 6 June
+$491 Dividends from Keppel Reit, Sabana Reit, SembCorp Marine, Cache Log, Mapletree Log, Mapletree GC
-$474 Unrealised positions worsened
+$11,256 Total Returns as of 13 June
previous posting :- SRS - Closing status 6 June
Remarks :- Profits locked in to-date $16,673 / year 2014 $4,071
Sunday, 9 March 2014
SRS - Closing status 7 March
Received the SRS statement from the bank in
this week for Feb month which showed the following dividends collected for my SRS portfolio :-
$45.30 Soilbuild Biz Reit
$65.70 Sabana Reit
$39.40 Keppel Reit
$222.40 CDL Hospitality Trust
$42.74 Cache Logistics Trust
Invested into DBS Group 300 shares in this week under SRS portfolio. For its 3Q13 financial results and versus year ago :- Net interest income +6% because loans +19% but the impact was partially offset by lower loan spreads and yields on investment securitie; Non-interest income +11% because trade and transaction services, wealth management and treasury cross-selling contributed to the increase; Expenses +5% as staff and other operating costs were higher. Net profit fwas flat as the increase in total income was offset by higher general and specific allowances, in line with faster loan growth. Non-performing loan rate at 1.2%.
Invested into GRP Ltd 78 lots in this week but reduced it by 28 lots within the same week for $37 nett gain; as part of usual portfolio re-balancing. Total holding in it now at 50 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 :-
+$6,242 Total Returns as of 28 Feb
+$416 Dividends from Cache Log, Sabana Reit, CDL HTrust, Keppel Reit, Soilbuild Biz Reit
+$37 Nett gain on sales of GRP
-$648 Unrealised positions worsened
+$6,046 Total Returns as of 7 Mar
previous posting :- SRS - Closing status 28 Feb
Remarks :- Profits locked in to-date $13,450 / year 2014 $848
$45.30 Soilbuild Biz Reit
$65.70 Sabana Reit
$39.40 Keppel Reit
$222.40 CDL Hospitality Trust
$42.74 Cache Logistics Trust
Invested into DBS Group 300 shares in this week under SRS portfolio. For its 3Q13 financial results and versus year ago :- Net interest income +6% because loans +19% but the impact was partially offset by lower loan spreads and yields on investment securitie; Non-interest income +11% because trade and transaction services, wealth management and treasury cross-selling contributed to the increase; Expenses +5% as staff and other operating costs were higher. Net profit fwas flat as the increase in total income was offset by higher general and specific allowances, in line with faster loan growth. Non-performing loan rate at 1.2%.
Invested into GRP Ltd 78 lots in this week but reduced it by 28 lots within the same week for $37 nett gain; as part of usual portfolio re-balancing. Total holding in it now at 50 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 :-
+$6,242 Total Returns as of 28 Feb
+$416 Dividends from Cache Log, Sabana Reit, CDL HTrust, Keppel Reit, Soilbuild Biz Reit
+$37 Nett gain on sales of GRP
-$648 Unrealised positions worsened
+$6,046 Total Returns as of 7 Mar
previous posting :- SRS - Closing status 28 Feb
Remarks :- Profits locked in to-date $13,450 / year 2014 $848
Sunday, 29 December 2013
Cash - Closing Status 27 December
Donated $100 to Bone Marrow Donor Programme last Sunday evening.
Reduced Cache Logistics Trust 1 lots in this week under Cash portfolio as part of usual portfolio re-balancing for $24 nett gain; total holding in it now at 2 lots. In its recent 3Q2013 financial results; DPU slightly lowered by 0.8% due to higher number of issued units. NPI higher by 8.5% for 3Q2013. Property expenses gone up 27.7% from Qtr 2 to Qtr 3 due to one off reversal of expense accrual in Qtr 2. As of end Qtr 3, its NAV was valued at $0.97 but Mr Market believes that it is worth more with its Friday closing price at $1.115. No debt re-financing requirement till 2015. 70% debts hedged by way of fixed interest rate swaps. Its $375 mil secured term loan (includes $62 mil undrawn) are well spread out across 19 international banks. Continued to maintain a portfolio occupancy at 100% in 3Q2013. No lease expiry renewal risk for the remaining months of 2013. And only 3% of total GFA lease to be renewed in year 2014. Over 85% of GFA taken up by MNCs and government entities.
Reduced GRP Ltd 20 lots in this week as part of usual portfolio re-balancing for $90 nett gain; total holding in it now at 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. The rights cum warrants issue was 157.8% subscribed.
Re-invested into Duty Free 3 lots in this week under Cash portfolio. 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, it recently completed an internal reorganization exercise and disposal of its shareholding in its so called Border Town and airport businesses and Down Town businesses.
Added Tee International 10 lots in this week under Cash portfolio. Total holding in it now at 45 lots. Tee Intl 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.
Reduced HPH Trust 2 lots in this week as part of usual portfolio re-balancing for $57 nett gain; total holding in it now at 4 lots. Attractive valuation after recent share price correction. Its 3Q2013 financial results did not go well with investors but l do not think it is justified. Its 3Q2013 revenue and profit was +1% and -2% respectively versus last year <--- flat results. A flat financial results is quite admirable when the world economy is still in turmoil and in spite of the depressed shipping industry which continue to stall freight rate recovery at the moment. It is in Net Current Liabilities status as of end Sept'13 but overall still at Net Assets status; due to timing of US$3.6 billion term loan facility agreement for the refinancing of the existing facilities which was signed in late Sept'13. It is still in free cash flow status. Higher profit from new acquired Yantian container terminals was partially offset by lower profit in Hongkong international terminals. Its share price dropped to a 52 weeks low recently at $0.755 (11 Dec) which is really absurb. Its end of Sept'13 NAV at HKD 7.41 (approx. SGD 1.20).
Divested away Sabana Reit 1 lot in this week for $25 nett gain. Per its recent 3Q2013 financial results, NPI +4.6%, income available for distribution +3.7%, DPU +1.7%. Its Friday closing price at $1.075 is par to its end Qtr 3 NAV of $1.08. Its new purchase high-tech industrial building in Chai Chee Lane will increase its income stream even though it has 50% vacancy. Of the 5 master leases expired on 25 Nov, it renewed 1 master lease and took over direct management of 4 other properties. Lease expiring in 2014 is at 8.7% of (3Q2013) gross revenue. As of end Qtr 3, its gearing was quite high at 37.5%; about 97% of its total debt was at fixed rates and this reduces the impact of fluctuations in profit rates on the distributable income. In mid-Nov'13 it secured a new 3-year revolving loan called Commodity Murabaha Facility of up to S$48.0 mil.
Portfolio walk since previous posting :-
+$863 Total Returns as of 20 December
+$195 Nett Gain on sales of HPH Trust, Sabana Reit, GRP, Cache Logistics
-$100 Donations to Bone Marrow Donor Programme
+$1,002 Unrealised positions improved
+$1,961 Total Returns as of 27 December
Previous posting :- Cash - Closing Status 20 Dec
Remarks :- Profits locked in to-date $11,450 / year 2013 $8,581
Reduced Cache Logistics Trust 1 lots in this week under Cash portfolio as part of usual portfolio re-balancing for $24 nett gain; total holding in it now at 2 lots. In its recent 3Q2013 financial results; DPU slightly lowered by 0.8% due to higher number of issued units. NPI higher by 8.5% for 3Q2013. Property expenses gone up 27.7% from Qtr 2 to Qtr 3 due to one off reversal of expense accrual in Qtr 2. As of end Qtr 3, its NAV was valued at $0.97 but Mr Market believes that it is worth more with its Friday closing price at $1.115. No debt re-financing requirement till 2015. 70% debts hedged by way of fixed interest rate swaps. Its $375 mil secured term loan (includes $62 mil undrawn) are well spread out across 19 international banks. Continued to maintain a portfolio occupancy at 100% in 3Q2013. No lease expiry renewal risk for the remaining months of 2013. And only 3% of total GFA lease to be renewed in year 2014. Over 85% of GFA taken up by MNCs and government entities.
Reduced GRP Ltd 20 lots in this week as part of usual portfolio re-balancing for $90 nett gain; total holding in it now at 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. The rights cum warrants issue was 157.8% subscribed.
Re-invested into Duty Free 3 lots in this week under Cash portfolio. 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, it recently completed an internal reorganization exercise and disposal of its shareholding in its so called Border Town and airport businesses and Down Town businesses.
Added Tee International 10 lots in this week under Cash portfolio. Total holding in it now at 45 lots. Tee Intl 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.
Reduced HPH Trust 2 lots in this week as part of usual portfolio re-balancing for $57 nett gain; total holding in it now at 4 lots. Attractive valuation after recent share price correction. Its 3Q2013 financial results did not go well with investors but l do not think it is justified. Its 3Q2013 revenue and profit was +1% and -2% respectively versus last year <--- flat results. A flat financial results is quite admirable when the world economy is still in turmoil and in spite of the depressed shipping industry which continue to stall freight rate recovery at the moment. It is in Net Current Liabilities status as of end Sept'13 but overall still at Net Assets status; due to timing of US$3.6 billion term loan facility agreement for the refinancing of the existing facilities which was signed in late Sept'13. It is still in free cash flow status. Higher profit from new acquired Yantian container terminals was partially offset by lower profit in Hongkong international terminals. Its share price dropped to a 52 weeks low recently at $0.755 (11 Dec) which is really absurb. Its end of Sept'13 NAV at HKD 7.41 (approx. SGD 1.20).
Divested away Sabana Reit 1 lot in this week for $25 nett gain. Per its recent 3Q2013 financial results, NPI +4.6%, income available for distribution +3.7%, DPU +1.7%. Its Friday closing price at $1.075 is par to its end Qtr 3 NAV of $1.08. Its new purchase high-tech industrial building in Chai Chee Lane will increase its income stream even though it has 50% vacancy. Of the 5 master leases expired on 25 Nov, it renewed 1 master lease and took over direct management of 4 other properties. Lease expiring in 2014 is at 8.7% of (3Q2013) gross revenue. As of end Qtr 3, its gearing was quite high at 37.5%; about 97% of its total debt was at fixed rates and this reduces the impact of fluctuations in profit rates on the distributable income. In mid-Nov'13 it secured a new 3-year revolving loan called Commodity Murabaha Facility of up to S$48.0 mil.
Portfolio walk since previous posting :-
+$863 Total Returns as of 20 December
+$195 Nett Gain on sales of HPH Trust, Sabana Reit, GRP, Cache Logistics
-$100 Donations to Bone Marrow Donor Programme
+$1,002 Unrealised positions improved
+$1,961 Total Returns as of 27 December
Previous posting :- Cash - Closing Status 20 Dec
Remarks :- Profits locked in to-date $11,450 / year 2013 $8,581
Saturday, 14 December 2013
Cash - Closing Status 13 December
Intended to increase Tee International 5 lots in this week under Cash portfolio but ended up with sell order input error. So on the same day, l have added 6 lots of it with 5 lots of it to cover the oversold position which resulted in nett loss of $33. l did not use my (previous) existing 19 lots holding to cover this so-called oversold position because it was not suppose to be a sell order in the first place so it's better to make a hard record of it for this mistake. Despite keeping reminding myself to be extra careful, this mistake still making a comeback to haunt me time and again. Total holding in it now at 20 lots. Tee Intl 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.
Made a $25 donation to The Community Justice Centre in this week.
Added GRP Ltd 5 lots in this week under Cash portfolio; total holding in it now at 39 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. The rights cum warrants issue was 157.8% subscribed. 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
Re-invested into Duty Free 6 lots in this week under Cash portfolio but have divested it all away in the same week for $81 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, it recently completed an internal reorganization exercise and disposal of its shareholding in its so called Border Town and airport businesses and Down Town businesses.
Added Far East Hospitality Trust 1 lot so l have total holding 8 lots in it now. 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.
Re-invested into Sabana Reit 1 lot in this week. Per its recent 3Q2013 financial results, NPI +4.6%, income available for distribution +3.7%, DPU +1.7%. Its Friday closing price at $1.035 is already below its end Qtr 3 NAV of $1.08. Its new purchase high-tech industrial building in Chai Chee Lane will increase its income stream even though it has 50% vacancy. Of the 5 master leases expired on 25 Nov, it renewed 1 master lease and took over direct management of 4 other properties. Lease expiring in 2014 is at 8.7% of (3Q2013) gross revenue. As of end Qtr 3, its gearing was quite high at 37.5%; about 97% of its total debt was at fixed rates and this reduces the impact of fluctuations in profit rates on the distributable income. In mid-Nov'13 it secured a new 3-year revolving loan called Commodity Murabaha Facility of up to S$48.0 mil.
Invested into Soilbuild Reit 1 lot 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 current 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%.
Added Cache Logistics Trust 1 lots in this week under Cash portfolio; total holding in it now at 3 lots. In its recent 3Q2013 financial results; DPU slightly lowered by 0.8% due to higher number of issued units. NPI higher by 8.5% for 3Q2013. Property expenses gone up 27.7% from Qtr 2 to Qtr 3 due to one off reversal of expense accrual in Qtr 2. As of end Qtr 3, its NAV was valued at $0.97 but Mr Market believes that it is worth more with its Friday closing price at $1.075. No debt re-financing requirement till 2015. 70% debts hedged by way of fixed interest rate swaps. Its $375 mil secured term loan (includes $62 mil undrawn) are well spread out across 19 international banks. Continued to maintain a portfolio occupancy at 100% in 3Q2013. No lease expiry renewal risk for the remaining months of 2013. And only 3% of total GFA lease to be renewed in year 2014. Over 85% of GFA taken up by MNCs and government entities.
Portfolio walk since previous posting :-
+$1,964 Total Returns as of 6 December
+$48 Nett Gain on sales of Tee Intl, Duty Free
-$995 Unrealised positions worsened
+$1,017 Total Returns as of 13 December
Previous posting :- Cash - Closing Status 6 Dec
Made a $25 donation to The Community Justice Centre in this week.
Added GRP Ltd 5 lots in this week under Cash portfolio; total holding in it now at 39 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. The rights cum warrants issue was 157.8% subscribed. 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
Re-invested into Duty Free 6 lots in this week under Cash portfolio but have divested it all away in the same week for $81 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, it recently completed an internal reorganization exercise and disposal of its shareholding in its so called Border Town and airport businesses and Down Town businesses.
Added Far East Hospitality Trust 1 lot so l have total holding 8 lots in it now. 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.
Re-invested into Sabana Reit 1 lot in this week. Per its recent 3Q2013 financial results, NPI +4.6%, income available for distribution +3.7%, DPU +1.7%. Its Friday closing price at $1.035 is already below its end Qtr 3 NAV of $1.08. Its new purchase high-tech industrial building in Chai Chee Lane will increase its income stream even though it has 50% vacancy. Of the 5 master leases expired on 25 Nov, it renewed 1 master lease and took over direct management of 4 other properties. Lease expiring in 2014 is at 8.7% of (3Q2013) gross revenue. As of end Qtr 3, its gearing was quite high at 37.5%; about 97% of its total debt was at fixed rates and this reduces the impact of fluctuations in profit rates on the distributable income. In mid-Nov'13 it secured a new 3-year revolving loan called Commodity Murabaha Facility of up to S$48.0 mil.
Invested into Soilbuild Reit 1 lot 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 current 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%.
Added Cache Logistics Trust 1 lots in this week under Cash portfolio; total holding in it now at 3 lots. In its recent 3Q2013 financial results; DPU slightly lowered by 0.8% due to higher number of issued units. NPI higher by 8.5% for 3Q2013. Property expenses gone up 27.7% from Qtr 2 to Qtr 3 due to one off reversal of expense accrual in Qtr 2. As of end Qtr 3, its NAV was valued at $0.97 but Mr Market believes that it is worth more with its Friday closing price at $1.075. No debt re-financing requirement till 2015. 70% debts hedged by way of fixed interest rate swaps. Its $375 mil secured term loan (includes $62 mil undrawn) are well spread out across 19 international banks. Continued to maintain a portfolio occupancy at 100% in 3Q2013. No lease expiry renewal risk for the remaining months of 2013. And only 3% of total GFA lease to be renewed in year 2014. Over 85% of GFA taken up by MNCs and government entities.
Portfolio walk since previous posting :-
+$1,964 Total Returns as of 6 December
+$48 Nett Gain on sales of Tee Intl, Duty Free
-$995 Unrealised positions worsened
+$1,017 Total Returns as of 13 December
Previous posting :- Cash - Closing Status 6 Dec
Sunday, 8 December 2013
SRS - Closing status 6 December
Received SRS statement from the bank this week for November month. In the statement, the following dividends were received in Nov month :-
Divested away CM Pacific 3 lots in this week under SRS portfolio at break even as part of regular portfolio re-balancing. For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and an increase in profit contribution from the Yongtaiwen expressway and the Guiliu expressway, and lower administrative expenses and withholding tax. The increase in profits was partly offset by higher finance costs; Profit +36%. It maintains its free cash flow status. The proposed disposal of its New Zealand based property development business is expected to be completed by end Dec'13. The disposal allows it to exit completely from its non-core property development business to focus on its core business of toll road operations; which will further strengthen its balance sheet.
Portfolio walk since previous posting :-
+$7,666 Total Returns as of 29 Nov
+$707 Dividends fm Keppel Reit, Sabana Reit, CM Pacific, SingPost, Tee Intl, Mapletree(Magic)
-$1,432 Unrealised positions worsened
+$6,942 Total Returns as of 6 Dec
previous posting :- SRS - Closing status 29 Nov
| $330.00 | CM Pacific |
| $24.80 | Keppel Reit |
| $159.15 | Mapletree Greater China |
| $5.40 | Sabana Reit |
| $62.50 | SingPost |
| $125.00 | Tee Intl |
Divested away CM Pacific 3 lots in this week under SRS portfolio at break even as part of regular portfolio re-balancing. For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and an increase in profit contribution from the Yongtaiwen expressway and the Guiliu expressway, and lower administrative expenses and withholding tax. The increase in profits was partly offset by higher finance costs; Profit +36%. It maintains its free cash flow status. The proposed disposal of its New Zealand based property development business is expected to be completed by end Dec'13. The disposal allows it to exit completely from its non-core property development business to focus on its core business of toll road operations; which will further strengthen its balance sheet.
Portfolio walk since previous posting :-
+$7,666 Total Returns as of 29 Nov
+$707 Dividends fm Keppel Reit, Sabana Reit, CM Pacific, SingPost, Tee Intl, Mapletree(Magic)
-$1,432 Unrealised positions worsened
+$6,942 Total Returns as of 6 Dec
previous posting :- SRS - Closing status 29 Nov
Sunday, 1 December 2013
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
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.
+$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
Sunday, 10 November 2013
SRS - Closing status 08 November
Received the following dividends in Oct'13 month as shown in the SRS statement received from the bank in this week :-
$66.00 Sabana Reit
Added Tee International 35 lots in this week under SRS portfolio so total holding in it now at 40 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. Last week, 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.
Reduced CM Pacific 9 lots in this week under SRS portfolio at nett gain $27 as part of regular portfolio re-balancing. Remaining total holding 3 lots. For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and revenue growth from Yongtaiwen expressway; of which resulted in Profit +36%. It maintains its free cash flow status.
Portfolio walk since previous posting :-
+$8,206 Total Returns as of 01 Nov
+$66 Dividends from Sabana Reit
+$27 Gain on sales of CM Pacific
-$403 Unrealised positions worsened
+$7,897 Total Returns as of 08 Nov
previous posting :- SRS - Closing status 01 Nov
$66.00 Sabana Reit
Added Tee International 35 lots in this week under SRS portfolio so total holding in it now at 40 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. Last week, 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.
Reduced CM Pacific 9 lots in this week under SRS portfolio at nett gain $27 as part of regular portfolio re-balancing. Remaining total holding 3 lots. For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and revenue growth from Yongtaiwen expressway; of which resulted in Profit +36%. It maintains its free cash flow status.
Portfolio walk since previous posting :-
+$8,206 Total Returns as of 01 Nov
+$66 Dividends from Sabana Reit
+$27 Gain on sales of CM Pacific
-$403 Unrealised positions worsened
+$7,897 Total Returns as of 08 Nov
previous posting :- SRS - Closing status 01 Nov
Saturday, 9 November 2013
Cash - Closing Status 08 November
Received the following dividends in this week for my Cash portfolio :-
$22.00 Sabana Reit
Intended to increase Sabana Reit 1 lot in this week but ended up with sell order input error. This resulted in nett loss of $41. Per its recent 3Q2013 financial results, NPI +4.6%, income available for distribution +3.7%, DPU +1.7%. Its Friday closing price at $1.095 almost match its end Qtr 3 NAV of $1.08. Its new purchase high-tech industrial building in Chai Chee Lane will increase its income stream even though it has 50% vacancy. It is still working to convert five master leases (generates 44.7% of its gross revenue) expiring 25 Nov into multi-tenanted ones. Lease expiring in 2014 is lower at 8.7% of (3Q2013) gross revenue and it will not rest on its laurel based on 2013 expiring leases experience. Its gearing is quite high at 37.5%. But about 97% of its total debt was at fixed rates and this reduces the impact of fluctuations in profit rates on the distributable income.
Made a $35 donation to Xin Yuan Community Care in this week.
Added Tee International 3 lots in this week under Cash portfolio so 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. Last week, 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.
Added Asian Pay TV(APTT) 2 lots and divested away 1 lot in this week so total holding in it now at 25 lots under Cash portfolio. Divestment was for a nett gain of $21. Recently acquired Taiwan Broadband Communications (TBC). Subscriber households have grown, average revenue per subscriber is constant, penetration rates have increased, all leading to growth in 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 June at $0.94 and last done share price at discount of $0.77. 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.
Added HPH Trust 1 lot in this week so total holding in it now at 2 lots. Its 3Q2013 financial results did not go well with investors but l do not think it is justified. Its 3Q2013 revenue and profit was +1% and -2% respectively versus last year <--- flat results. A flat financial results is quite admirable when the world economy is almost in turmoil and freight rate recovery is still quite shaky at the moment. It is in Net Current Liabilities status as of end Sept'13 but overall still at Net Assets status; due to timing of US$3.6 billion term loan facility agreement for the refinancing of the existing facilities which was signed in late Sept'13. It is still in free cash flow status. Higher profit from new acquired Yantian container terminals was partially offset by lower profit in Hongkong international terminals.
Divested all away CM Pacific 3 lots in this week under Cash portfolio at nett gain $11 as part of regular portfolio re-balancing. For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and revenue growth from Yongtaiwen expressway; of which resulted in Profit +36%. It maintains its free cash flow status.
Invested into Frasers Centrepoint Trust 1 lot in this week under Cash portfolio. For its 4Q2013 financial results, NPI lowered by 5.0% due to higher property expenses because of higher property tax and maintenance expenses. FY2013 NPI were lower at both Anchorpoint and Bedok Point. FY2013, NPI grew 6.9% year on year or a 14.5% CAGR measured from FY2008; DPU grew 9.2% year on year or a 8.9% CAGR measured from FY2006. Gearing 27.6% is at its lowest level in FY2013 since FY2007. 94% of borrowing on fixed rates or hedged via interest rate swaps; of which 10.2% of total borrowing due in Jan'14. 32.1% lease expires in 2014 followed by 39.0% lease expiry in 2015; of which both Causeway Point and Northpoint account for substantial portion of it.
Portfolio walk since previous posting :-
+$3,927 Total Returns as of 01 November
+$22 Dividends from Sabana Reit
+$32 Gain on sales of Asian Pay TV, CM Pacific
-$41 Loss on sales of Sabana Reit
-$35 Donation to Xin Yuan Community Care
-$721 Unrealised positions worsened
+$3,185 Total Returns as of 08 November
Previous posting :-Cash - Closing Status 01 Nov
$22.00 Sabana Reit
Intended to increase Sabana Reit 1 lot in this week but ended up with sell order input error. This resulted in nett loss of $41. Per its recent 3Q2013 financial results, NPI +4.6%, income available for distribution +3.7%, DPU +1.7%. Its Friday closing price at $1.095 almost match its end Qtr 3 NAV of $1.08. Its new purchase high-tech industrial building in Chai Chee Lane will increase its income stream even though it has 50% vacancy. It is still working to convert five master leases (generates 44.7% of its gross revenue) expiring 25 Nov into multi-tenanted ones. Lease expiring in 2014 is lower at 8.7% of (3Q2013) gross revenue and it will not rest on its laurel based on 2013 expiring leases experience. Its gearing is quite high at 37.5%. But about 97% of its total debt was at fixed rates and this reduces the impact of fluctuations in profit rates on the distributable income.
Made a $35 donation to Xin Yuan Community Care in this week.
Added Tee International 3 lots in this week under Cash portfolio so 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. Last week, 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.
Added Asian Pay TV(APTT) 2 lots and divested away 1 lot in this week so total holding in it now at 25 lots under Cash portfolio. Divestment was for a nett gain of $21. Recently acquired Taiwan Broadband Communications (TBC). Subscriber households have grown, average revenue per subscriber is constant, penetration rates have increased, all leading to growth in 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 June at $0.94 and last done share price at discount of $0.77. 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.
Added HPH Trust 1 lot in this week so total holding in it now at 2 lots. Its 3Q2013 financial results did not go well with investors but l do not think it is justified. Its 3Q2013 revenue and profit was +1% and -2% respectively versus last year <--- flat results. A flat financial results is quite admirable when the world economy is almost in turmoil and freight rate recovery is still quite shaky at the moment. It is in Net Current Liabilities status as of end Sept'13 but overall still at Net Assets status; due to timing of US$3.6 billion term loan facility agreement for the refinancing of the existing facilities which was signed in late Sept'13. It is still in free cash flow status. Higher profit from new acquired Yantian container terminals was partially offset by lower profit in Hongkong international terminals.
Divested all away CM Pacific 3 lots in this week under Cash portfolio at nett gain $11 as part of regular portfolio re-balancing. For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and revenue growth from Yongtaiwen expressway; of which resulted in Profit +36%. It maintains its free cash flow status.
Invested into Frasers Centrepoint Trust 1 lot in this week under Cash portfolio. For its 4Q2013 financial results, NPI lowered by 5.0% due to higher property expenses because of higher property tax and maintenance expenses. FY2013 NPI were lower at both Anchorpoint and Bedok Point. FY2013, NPI grew 6.9% year on year or a 14.5% CAGR measured from FY2008; DPU grew 9.2% year on year or a 8.9% CAGR measured from FY2006. Gearing 27.6% is at its lowest level in FY2013 since FY2007. 94% of borrowing on fixed rates or hedged via interest rate swaps; of which 10.2% of total borrowing due in Jan'14. 32.1% lease expires in 2014 followed by 39.0% lease expiry in 2015; of which both Causeway Point and Northpoint account for substantial portion of it.
Portfolio walk since previous posting :-
+$3,927 Total Returns as of 01 November
+$22 Dividends from Sabana Reit
+$32 Gain on sales of Asian Pay TV, CM Pacific
-$41 Loss on sales of Sabana Reit
-$35 Donation to Xin Yuan Community Care
-$721 Unrealised positions worsened
+$3,185 Total Returns as of 08 November
Previous posting :-Cash - Closing Status 01 Nov
Monday, 4 November 2013
Haunted for Life by fat finger?
l have queued to buy Sabana Reit 1 lot this morning under my Cash portfolio but l have found out now it was a sell order.
For this fat finger careless mistake (Again!), l have suffered $41 nett loss.
l am probably the silliest investor ever ---> listing.
For this fat finger careless mistake (Again!), l have suffered $41 nett loss.
l am probably the silliest investor ever ---> listing.
Sunday, 22 September 2013
Cash - Closing Status 20 September
Increase my position in Asian Pay TV 2 lots in this week under Cash portfolio so l have total holding of 7 lots now. It is now my 4th largest holding under Cash portfolio at 9%. If l am stuck with this investment then l can still expect 10.9% dividend yield per year.
Divested Cache Logistics 6 lots in this week after one week of investment into it for $144 nett gain. My remaining holding in it now at 2 lots and if l am still stuck with it then l can expect 6.7% dividend yield per year. Assuming that its next XD date and dividend rate same as last year in Oct'13 so l can expect dividend amount of $129 if l did not divest it away ---> 6 lots x dividend rate $0.02144 = $129. The $144 nett gain is higher than the expected dividend amount of $129 and l have already collected it in advance. Also, other than locked-in the $144 profit, the investment capital are now released back to my war chest.
Reduced CDL Hospitality Trusts 1 lot in this week so l have remaining 2 lots of which l can expect 6.4% dividend yield per year if l continue to stuck with it. It is paying dividends two times per year and next dividend payment date is in Feb'14. The $22 nett gain from this divestment is about 1.4% returns over the investment costs in it and it is better than bank savings rate. Also, it is better to lock-in some profits and re-cycle the investment capital rather than waiting for its next dividend payment happening five months later.
In this week l have utilized $25 from Cash portfolio for donation to SPCA Buy A Brick project. l am hoping that l can continue to donate to charity of my choice and l should not let my current total paper losses deter me from doing so.
I have met with a misfortune this week when l have entered incorrect sales order quantity on Keppel Reit 2 lots which resulted in a $153 realized loss for my Cash portfolio. This is the price that l have to pay for my carelessness.
Invested into Croesus Retail Trust 5 lots in this week under Cash portfolio. Around 1% of leases are subjected for renewals in years 2013/2014; and 26% of leases are for renewals in year 2015. Unless l am stuck with my investment so l do not really worry of year 2015. But then l did not expect its share price becomes quite active suddenly so l divested it all away in the same week for $53 nett gain. Its share price gone up higher and l think it is because of speculative rotational play. l will re-invest into it when its share price weakens again.
Did a partial divestment of Mapletree Industrial 1 lot under Cash portfolio for this week so l have remaining total holding of 1 lot of it now. Achieved $28 nett gain and this is higher than expected dividend amount of $23 = 1 lot x dividend rate (assumed same as last year) $0.0229. Also l have already collected it in advance instead of waiting for it to XD end Oct'13 and dividend payment date end Nov'13. In its previous 1Q2014 results, higher rental rates was secured across all its property segments and achieving higher occupancies. Will re-invest into it when its share price weakens.
Reduced SingPost 1 lot in this week and l am left with remaining 9 lots of it. The $13 nett gain is same as expected dividend amount of $13 = 1 lot x dividend rate $0.0125. I have already collected its dividend amount in advance instead of holding it till its XD date and payment date in Nov'13.
Added Sabana Reit 2 lots in this week under Cash portfolio so l have total holding of 5 lots. But l have decided to reduce it by 4 lots in this week for $73 nett gain before its XD date. Reason for doing so was because l prefer to lock-in the profit rather then be subjected to uncertainty of its pending lease renewals.
Portfolio walk since previous posting :-
+$1,750 Total Returns as of 13 Sept
-$153 Loss on sales of Keppel Reit
+$333 Gain on sales of Cache Logistics, CDL HTrust, SingPost, Sabana Reit, Croesus Trust, Mapletree Industrial
-$25 Donation to SPCA Buy A Brick
+$2,696 Unrealised positions improved
+$4,601 Total Returns as of 20 Sept
Previous posting :-Cash - Closing Status 13 Sep
Divested Cache Logistics 6 lots in this week after one week of investment into it for $144 nett gain. My remaining holding in it now at 2 lots and if l am still stuck with it then l can expect 6.7% dividend yield per year. Assuming that its next XD date and dividend rate same as last year in Oct'13 so l can expect dividend amount of $129 if l did not divest it away ---> 6 lots x dividend rate $0.02144 = $129. The $144 nett gain is higher than the expected dividend amount of $129 and l have already collected it in advance. Also, other than locked-in the $144 profit, the investment capital are now released back to my war chest.
Reduced CDL Hospitality Trusts 1 lot in this week so l have remaining 2 lots of which l can expect 6.4% dividend yield per year if l continue to stuck with it. It is paying dividends two times per year and next dividend payment date is in Feb'14. The $22 nett gain from this divestment is about 1.4% returns over the investment costs in it and it is better than bank savings rate. Also, it is better to lock-in some profits and re-cycle the investment capital rather than waiting for its next dividend payment happening five months later.
In this week l have utilized $25 from Cash portfolio for donation to SPCA Buy A Brick project. l am hoping that l can continue to donate to charity of my choice and l should not let my current total paper losses deter me from doing so.
I have met with a misfortune this week when l have entered incorrect sales order quantity on Keppel Reit 2 lots which resulted in a $153 realized loss for my Cash portfolio. This is the price that l have to pay for my carelessness.
Invested into Croesus Retail Trust 5 lots in this week under Cash portfolio. Around 1% of leases are subjected for renewals in years 2013/2014; and 26% of leases are for renewals in year 2015. Unless l am stuck with my investment so l do not really worry of year 2015. But then l did not expect its share price becomes quite active suddenly so l divested it all away in the same week for $53 nett gain. Its share price gone up higher and l think it is because of speculative rotational play. l will re-invest into it when its share price weakens again.
Did a partial divestment of Mapletree Industrial 1 lot under Cash portfolio for this week so l have remaining total holding of 1 lot of it now. Achieved $28 nett gain and this is higher than expected dividend amount of $23 = 1 lot x dividend rate (assumed same as last year) $0.0229. Also l have already collected it in advance instead of waiting for it to XD end Oct'13 and dividend payment date end Nov'13. In its previous 1Q2014 results, higher rental rates was secured across all its property segments and achieving higher occupancies. Will re-invest into it when its share price weakens.
Reduced SingPost 1 lot in this week and l am left with remaining 9 lots of it. The $13 nett gain is same as expected dividend amount of $13 = 1 lot x dividend rate $0.0125. I have already collected its dividend amount in advance instead of holding it till its XD date and payment date in Nov'13.
Added Sabana Reit 2 lots in this week under Cash portfolio so l have total holding of 5 lots. But l have decided to reduce it by 4 lots in this week for $73 nett gain before its XD date. Reason for doing so was because l prefer to lock-in the profit rather then be subjected to uncertainty of its pending lease renewals.
Portfolio walk since previous posting :-
+$1,750 Total Returns as of 13 Sept
-$153 Loss on sales of Keppel Reit
+$333 Gain on sales of Cache Logistics, CDL HTrust, SingPost, Sabana Reit, Croesus Trust, Mapletree Industrial
-$25 Donation to SPCA Buy A Brick
+$2,696 Unrealised positions improved
+$4,601 Total Returns as of 20 Sept
Previous posting :-Cash - Closing Status 13 Sep
Saturday, 14 September 2013
Cash - Closing Status 13 September
Added Sabana Reit
2 lots right after it announced a successful private placement in this
week. So my total holding in it now at 3 lots under my Cash portfolio. An advance distribution of $0.022 was declared which is expiring
on 19 Sept. Depending on how its share price perform next week, l will
probably do a partial divestment for a nett profit better than bank savings rate
(of say, 0.8%) hopefully before its XD date; otherwise l will have to
keep it for 8.5% dividend yield per year.
Sold away Rickmers Maritime 18 lots in this week for $64 nett profit or 1.3% returns after three weeks of holding in it. My original exit selling price was for another $0.05 and l have been in the sell queue for almost three weeks doing so. Finally, l have decided to settle for an easier exit selling price and immediately since then l have been in the buy queue for one week now for a re-investment.
With first dividend payment only to happen around March 2014, l have sold away OUE HTrust 1 lot for $16 nett gain or 1.8% returns. Will re-invest into it at lower price level or during its dividend payment time.
Received the following dividends in this week for my Cash portfolio :-
$114.00 Far East HTrust
After one week's of investment into CapitaCommercial Trust 1 lot, l have sold it away for $28 nett gain or 2.2% returns. Will consider taking a small investment into it again when its share price weakens.
Divested CapitaRetail Trust 1 lot for $18 nett gain or 1.3% returns. Even though it is a small realized gain but l am happy with it as it's a short investment duration of one week. As with any divestments, it will make available more funds for next investment opportunity.
Added Cache Logistics 6 lots under Cash portfolio in this week. It is now my 3rd largest holding at 12% of total Cash portfolio and my total holding in it now at 8 lots. In just one week of investment into the additional 6 lots, l got poorer by 1.4% (over my investment costs in it) or -$96. If l am stuck with this investment (of 8 lots total holding) then l can expect getting 7.2% dividend yield per year.
Increase my position in Asian Pay TV 1 lot in this week so l have total holding of 5 lots now. It is now at its lowest share price level since IPO (on 29 May'13). l will continue to accumulate at lower share price levels. At the moment, l can expect 10.4% dividend yield for my 5 lots holding in it.
Reduced Ascott Reit 1 lot in this week. So my total holding in it now back to 1 lot. For this divestment (under one week of investment duration) l have achieved $34 nett gain or 2.8% returns. At Friday's close, its share price is only $0.03 away from its 52 weeks low. Will try to re-enter into it, soon.
Portfolio walk since previous posting :-
+$709 Total Returns as of 6 Sept
+$160 Gain on sales of CapitaCommercial, Ascott Reit, Rickmers, CapitaRChina, OUE HTrust
+$114 Dividends collected from Far East HTrust
+$767 Unrealised positions improved
+$1,750 Total Returns as of 13 Sept
Previous posting :-Cash - Closing Status 6 Sep
Sold away Rickmers Maritime 18 lots in this week for $64 nett profit or 1.3% returns after three weeks of holding in it. My original exit selling price was for another $0.05 and l have been in the sell queue for almost three weeks doing so. Finally, l have decided to settle for an easier exit selling price and immediately since then l have been in the buy queue for one week now for a re-investment.
With first dividend payment only to happen around March 2014, l have sold away OUE HTrust 1 lot for $16 nett gain or 1.8% returns. Will re-invest into it at lower price level or during its dividend payment time.
Received the following dividends in this week for my Cash portfolio :-
$114.00 Far East HTrust
After one week's of investment into CapitaCommercial Trust 1 lot, l have sold it away for $28 nett gain or 2.2% returns. Will consider taking a small investment into it again when its share price weakens.
Divested CapitaRetail Trust 1 lot for $18 nett gain or 1.3% returns. Even though it is a small realized gain but l am happy with it as it's a short investment duration of one week. As with any divestments, it will make available more funds for next investment opportunity.
Added Cache Logistics 6 lots under Cash portfolio in this week. It is now my 3rd largest holding at 12% of total Cash portfolio and my total holding in it now at 8 lots. In just one week of investment into the additional 6 lots, l got poorer by 1.4% (over my investment costs in it) or -$96. If l am stuck with this investment (of 8 lots total holding) then l can expect getting 7.2% dividend yield per year.
Increase my position in Asian Pay TV 1 lot in this week so l have total holding of 5 lots now. It is now at its lowest share price level since IPO (on 29 May'13). l will continue to accumulate at lower share price levels. At the moment, l can expect 10.4% dividend yield for my 5 lots holding in it.
Reduced Ascott Reit 1 lot in this week. So my total holding in it now back to 1 lot. For this divestment (under one week of investment duration) l have achieved $34 nett gain or 2.8% returns. At Friday's close, its share price is only $0.03 away from its 52 weeks low. Will try to re-enter into it, soon.
Portfolio walk since previous posting :-
+$709 Total Returns as of 6 Sept
+$160 Gain on sales of CapitaCommercial, Ascott Reit, Rickmers, CapitaRChina, OUE HTrust
+$114 Dividends collected from Far East HTrust
+$767 Unrealised positions improved
+$1,750 Total Returns as of 13 Sept
Previous posting :-Cash - Closing Status 6 Sep
SRS - Closing status 13 September
Sold away Ascendas Reit
2 lots at $81 nett gain;
under one week of re-investment into it. Projected next dividend amount
at $71 = 2 lots x dividend rate (assumed same as last year) $0.0353 so
the $81 nett gain came in slightly higher. With this divestment l do
not
have to wait till its next XD date in Oct'13 and l have already
collected its dividends in advance by around three months as payment
expected to happen in Nov'13.
Re-invested into Cache Logistics 7 lots under SRS portfolio after having divested it away last week. It is now my 2nd largest holding at 13% of total SRS portfolio and it caused me poorer by 1.5% (over my investment costs in it) or -$121 at the end of this week. If l am stuck with this investment then l can expect getting 7.4% dividend yield per year.
Divested CM Pacific 5 lots so my remaining total holding in it now at 3 lots. Achieved 2.2% returns or $91 nett gain over a holding period of 1.5 months. It is having CD status at the moment and XD will happen on 18 October. If its share price weakens again then l will definitely re-invest into it. l am curious of next action plan after its failed disposal of its property development business in New Zealan and failed acquisition of Jiurui Expressway.
Invested Sabana Reit 3 lots right after it announced a successful private placement in this week. An advance distribution of $0.022 was declared which is expiring on 19 Sept. Depending on how its share price perform next week, l will probably divest it away for a nett profit better than bank savings rate (of say, 0.8%) hopefully before its XD date; otherwise l will have to keep it for 8.5% dividend yield per year.
Portfolio walk since previous posting :-
+$5939 Total Returns as of 6 Sept
+$172 Gain on sales of Ascendas Reit, CM Pacific
-$395 Unrealised positions worsened
+$5,717 Total Returns as of 13 Sept
previous posting :- SRS - Closing status 6 Sept
Re-invested into Cache Logistics 7 lots under SRS portfolio after having divested it away last week. It is now my 2nd largest holding at 13% of total SRS portfolio and it caused me poorer by 1.5% (over my investment costs in it) or -$121 at the end of this week. If l am stuck with this investment then l can expect getting 7.4% dividend yield per year.
Divested CM Pacific 5 lots so my remaining total holding in it now at 3 lots. Achieved 2.2% returns or $91 nett gain over a holding period of 1.5 months. It is having CD status at the moment and XD will happen on 18 October. If its share price weakens again then l will definitely re-invest into it. l am curious of next action plan after its failed disposal of its property development business in New Zealan and failed acquisition of Jiurui Expressway.
Invested Sabana Reit 3 lots right after it announced a successful private placement in this week. An advance distribution of $0.022 was declared which is expiring on 19 Sept. Depending on how its share price perform next week, l will probably divest it away for a nett profit better than bank savings rate (of say, 0.8%) hopefully before its XD date; otherwise l will have to keep it for 8.5% dividend yield per year.
Portfolio walk since previous posting :-
+$5939 Total Returns as of 6 Sept
+$172 Gain on sales of Ascendas Reit, CM Pacific
-$395 Unrealised positions worsened
+$5,717 Total Returns as of 13 Sept
previous posting :- SRS - Closing status 6 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
Saturday, 10 March 2012
Cash - Closing Status 9 Mar
No other transactions this week except dividends received in the mail on Cache, SingPost, Sabana Reit, First Reit, Starhill and Mapletree Industrial.
Portfolio walk since previous posting :-
$790 Total Returns as of 2 Mar
+$314 Dividends from Cache, SingPost, Sabana Reit, First Reit, Starhill and Mapletree Industrial
-$155 Unrealised positions worsened
$949 Total Returns as of 9 Mar
previous posting :- Cash - Closing Status 2 Mar
$790 Total Returns as of 2 Mar
+$314 Dividends from Cache, SingPost, Sabana Reit, First Reit, Starhill and Mapletree Industrial
-$155 Unrealised positions worsened
$949 Total Returns as of 9 Mar
previous posting :- Cash - Closing Status 2 Mar
Sunday, 4 March 2012
Right Reit l Like - 2 Mar
This is the final week to get into to both MIIF and CapitaRChina. Stock that goes ex-dividend not necessarily will shed its share price. It is really not so easy to forecast how a share price would react when it goes ex-dividend. I reckon, stock that goes ex-dividend in a positive stock market would see its share price either unchanged or going up further; and its share price would go south in a negative market. So, is it still worth going into both MIIF and CapitaRChina?
Looking at ROC itself is not that practical though. As shown in the table below :- CDL Trust - ROC 3.09%, dividend amount $267; LippoMalls - ROC 2.93%, dividend amount $293. Though CDL (3.09%) has a higher dividend yield rate versus LippoMalls (2.93%) but when it comes to absolute dividend amount, LippoMalls ($293) is much better than CDL ($267). As below is based on last year's declared interim dividend rate, circumstances this year would be different. For example, Pluit Village and Plaza Medan Fair will add more rent collections for LippoMalls and revenue from Studio M Hotel will go into full swing for CDL.
The table below is assuming that all other matters remaining constant as each Reit stock has varied and many types of planned changes to its portfolios; so, the table below is just a quick guidance of the possible returns which can be so much different for an investment amount of $10k.
Just to remind myself on my journal of 18 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 preference, l will not be looking at annual dividend payout rate. 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. 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.
previous journal :- Right Reit l Like - 24 Feb
Looking at ROC itself is not that practical though. As shown in the table below :- CDL Trust - ROC 3.09%, dividend amount $267; LippoMalls - ROC 2.93%, dividend amount $293. Though CDL (3.09%) has a higher dividend yield rate versus LippoMalls (2.93%) but when it comes to absolute dividend amount, LippoMalls ($293) is much better than CDL ($267). As below is based on last year's declared interim dividend rate, circumstances this year would be different. For example, Pluit Village and Plaza Medan Fair will add more rent collections for LippoMalls and revenue from Studio M Hotel will go into full swing for CDL.
The table below is assuming that all other matters remaining constant as each Reit stock has varied and many types of planned changes to its portfolios; so, the table below is just a quick guidance of the possible returns which can be so much different for an investment amount of $10k.
Just to remind myself on my journal of 18 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 preference, l will not be looking at annual dividend payout rate. 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. 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.
previous journal :- Right Reit l Like - 24 Feb
Saturday, 18 February 2012
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.).
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.).
Saturday, 11 February 2012
Investment activities - week ending 10 Feb
The focus here is the Cash portfolio as l have just updated the investment activity under the SRS portfolio.
Investment activities this week under Cash portfolio as below :-
FSL
Bought 10 lots of FSL this week when the price fell to 0.190 with the intention to averaging down. But seeing that its road to better dividends days is getting tougher now so, l have decided to moved out my invested funds. The decision to sell away FSL is indeed a hard choice. This is because l do still have full faith with the Management of FSL. However, in order to move forward from here, l must not be overly emotional of it.
STX PO
I have finally braved up and sell off Stax Pan Ocean which was purchased back in August 2008. The stock has gone through Consolidation which turned my 1 lot share
into 100 shares. Weeks after that, the stock price has been
going downhill but have been gaining some strength of late. This is because there have been many speculations that it will be bought over soon. Anyway, time to move on to reinvest the proceeds in other dividend paying companies.
Ocean Sky
Original number of shares on Ocean Sky was 22 lots. Only succeeded sold 20 lots of it at year end 2011 and now selling away the remaining 2 lots this week. In its last announced results, gross margin is higher due to better mix but almost unchanged for nine months period. Let's see whether there is a repeat of its Qtr 3 success in its Qtr 4 results probably, end of February month. It has healthy balance sheet but l am worry of its higher inventory level at the end of the nine months period. Reason given for this is due to higher level of confirmed orders for the succeeding quarter and l reckon this refers to Qtr 4; let's see. If it's price weakens, l would consider reinvest in it.
Casa Holdings
I have set the exit selling price on Casa at $0.139. With its stock price ends at $0.131and having notice its ex-dividend date is 13 Feb and also as overall share market weakens, l have decided to pull out my invested funds of 16 lots in it. The company has a healthy balance sheet so, l shall revisit it again closer to its next dividend payment date, in next year (2013).
Cache Logistics
I will be getting the dividend from Cache Logistics when the cheque is in the mail on 29 Feb for my 4 lots in it. Sold off entire 4 lots at break even this week and there is slim chance of reinvestment in it as l reckon other companies can offer higher dividend payout rate.
Sabana Reit
I will be getting the dividend from Sabana Reit when the cheque is in the mail on 29 Feb for my 2 lots in it. Sold off entire 2 lots at break even this week and there is a possibility for me to reinvest in it when its price weakens as its payout rate is quite good.
Datapulse Technology
Sold away 7 lots on Datapulse this week. Its financials are looking good for Qtr 1, which was announced on 13 Dec 2011. But as its expected ex-dividend date is in November, so pulling out my invested funds for now.
SG Medical
Added 25 lots in SG Medical this week but upon reviewing its financials further, it seems that they are not so outstanding. So, l have sold off entire 41 lots in it. There is also a private funds (Kendall Court) investing considerably in SG Medical for its eyes surgery centres in China. Though its financials are not so outstanding but considering an anticipated higher dividends, l would consider reinvestment in it if its price weakens before its yet to be announced but assumed ex-dividend date in mid April.
previous postings :- Cash - Closing Status 3 Feb, Investment activities - week ending 3 Feb
Sunday, 27 November 2011
Sabana REIT (M1GU)
Another property added by Sabana REIT (M1GU) - in Woodlands. Thank
goodness no cash call. Thinking of getting 1 or 2 more of this counter in the coming days or weeks.
goodness no cash call. Thinking of getting 1 or 2 more of this counter in the coming days or weeks.
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