There are 2 investment related events coming to you soon: REITs Symposium 2019 (PAID) MoneyOwl Symposium (FREE) REITs Symposium 2019 Shareinvestor, now a private entity and away from SPH, organized this event with REITAS almost every year. When: 18th May 2019, Saturday Where: Sands Expo and Convention Centre Marina Bay Sands, Level 4 Roselle Simpor Ballroom  REITs Symposium is always a paid event and 2 years ago, when I went I paid for it.  They asked me to market for this. So that I can earn from this.  I am really struggling for time writing so I did not take them up for it.  But I think as my readers you should know about this. This time round it seems bigger. One of the main benefits for the investor is for you to have a session to speak with the people behind

Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) continued the bullish rally raising from 866.27 to 869.49 (+0.37%) as compared to last post on Singapore REIT Fundamental Comparison Table on April 1, 2019. The REIT index continues to trade upward in the uptrend and currently getting very near to the immediate resistance of 875 (the previous high in 2018) after the recent minor correction which was supported by the 50D SMA.  Based on the current chart pattern and and momentum,  the sentiment is BULLISH and the trend for Singapore REIT direction is UP. All eyes will be focusing on whether the REIT index can break the 2018 high (875) and 2013 high (892) back in May 2013. We shall see whether the following fundamental REI

Everyone loves a great deal, but in the stock market, it pays to be cautious as seemingly good deals may come with strings attached. When it comes to dividend hunting, many investors fall head-over-heels in love with companies with high dividend yields, even though the chase for high yields may result in investors losing their shirts. The most important aspect of a dividend is whether a company is able to sustain it. If the business is doing well and the company is generating cash in excess of what it needs for its operations, then there is a high chance that dividends can continue to be paid out. Here are three companies with sustainable dividend yields above 5% for investors to consider. VICOM Limited (SGX: V01) VICOM Limited is a company dealing with vehicle testing and inspection, and

This investment mistakes series carries on with another three embarrassing mistakes I made during my investment journey (you can find the previous part here). By highlighting these mistakes in detail, I hope investors can learn from what I had done wrong and take these lessons to heart to improve their investment process. 10. Cyclical industry I invested a shipping trust just before the Global Financial Crisis (GFC) struck. Suffice to say that I had done my homework by reading up on the presentation materials offered by the trust, and also reviewed the associated material relating to risks and rewards. During the time I invested, there was booming trade across China and Asia, and shipping was doing extremely well. The Baltic Dry Index (a measure of the cost of transporting raw materials) a

Last Friday, Frasers Logistics & Industrial Trust (FLT) (SGX: BUOU) released its second-quarter and first-half earnings update for its financial year ending 30 September 2019 (Q2 FY 2019). The period reported on relates to 1 October 2018 till 31 March 2019. As a recap, FLT is a Singapore-listed real estate investment trust (REIT) that owns properties in Australia, Germany, and the Netherlands. Its sponsor is Frasers Property Ltd (SGX: TQ5). Here are seven highlights investors should be aware of from FLT’s latest earnings report. 1. For the quarter under review (i.e. Q2 FY 2019), FLT reported higher revenue of A$59.7 million, up 36.9% year-on-year from A$43.6 million. This was due to new contributions from their European and Australian acquisitions in FY 2018, as well as the Dutch

Thailand is set to raise more than US$5 billion from initial public offerings (IPOs) in the second half of 2019. South-East Asia’s second-largest economy could see its largest IPO haul in six years, despite the economic jitters due to the inconclusive election results earlier this year. Tourism has been a key driver of growth for the Thai economy, with the country expecting a 7.5% increase in visitor arrivals this year. Thailand’s finance minister said that the country will introduce 20 billion baht (S$848.04 million) worth of economic measures to boost the consumption, tourism and help lower income earners. In 2018, Thailand’s IPO market raised US$2.5 billion compared to US$3.8 billion in 2017. Among the big names expected to list in Thailand this year are state-owned oil company PT

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhill Reit 377,000 0.70 263,900.00 29.0% 2. Vicom   31,300 6.48 202,824.00 22.0% 3. Netlink Trust 236,000 0.795 187,620.00 21.0% 4. First Reit 152,000 0.995 151,240.00 17.0% 5. Manulife Reit   81,000 US$0.85   92,759.00 11.0% 6. Hobee Land        300 2.51        753.00   1.0% 7. Warchest     1,000     1,000.00   1.0% Total 900,096.00 100% Earnings season is finally over so we are back to this muted season where the share price is just gyrating along with the overall trend of the market.I've ma

Charles Goodhart is an Economics Professor from the London School of Economics. He said that "Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes" One interpretation is that when a measurement becomes a target, it ceases to be a good measure. I was expecting to lose money when I ploughed my trainer's fees into the portfolio created by my third batch of students. After all, the Capricorn effect is long over and REITs have already completed a fairly good run in the markets.Furthermore, the worse decision we made as a class was to keep First Reit in our portfolio. It subsequently lost me about 7+% over the span of less than a month, likely due to the perceived problems from its sponsors. Interestingly, the class kept it in the po

Frasers Property Limited (formerly known as Frasers Centrepoint Limited) is a multinational integrated real estate conglomerate with assets located in Singapore, Australia, China, and Europe. Frasers Property is active in property development, management, REITs, and investments. As at 30 September 2018, Frasers Property has a total of S$32.4 billion in total assets. In this article, I’ll revisit its fundamentals, provide an update on its latest results, and evaluate its valuation. Here are 10 things to know about Frasers Property before you invest. 1. Singapore: Profit before interest and tax (PBIT) grew 17.8% year-on-year to S$481.0 million in 2018. This was due to an increase in development profits from key projects, namely: Park Life EC, North Park Residences, and Seaside Resi

After ending 2018 on a bad note, the performance of the stock market in the first two months of 2019 has gave investors a reason to cheer. If you are looking to repeat the splendid performance, here are some strategies for you to consider. Investors Takeaway: 3 Strategies If You Want To Beat The Market Again By DBS Take Advantage Of Interest In S-REITs With Fed Chairman Powell re-iterating the Fed’s dovish stance to be patient on rate hikes, interest in REITs should sustain going forward. The consensus now appears to be zero rate hikes for this year as the Fed continues to monitor how the economy evolves. Previously, DBS recommended investors to focus on large cap REITs in resilient segments such as retail and industrial (warehouse and business parks). DBS likes these large cap REITs f

The US Federal Reserve has indicated that 2019 will likely see slower interest rate hikes. This comes on the back of mounting macroeconomic uncertainties, that has seen investors turn to less risky investments. This may benefit REITs in three ways: # 1 Traditionally, REITs take on a lot of debt to fund its capital-intensive property investments. Slower interest rate hikes in 2019 will ease the growing pressure on REITs, in terms of debt repayment. # 2 Markets are efficient – which means that prices of REITs would have taken into consideration that rate hikes would continue as normal. This stance of slowing down the interest rate hikes in 2019 is new information for the market, and may give REITs a boost. (Do note that most of this new information should already be priced into the markets

I wanted to take this time to quickly update on my latest position. After the recent run-up to most of the S-Reits which I believe is near valuation peak over the past 10 years (apart from 2015), I have decided to lock in my gains and divested Frasers Logistic Trust (FLT) yesterday at a price of $1.14. This divestment gave me a very decent return in terms of both dividend and capital appreciation for the past couple of years I had them. Other than the dividends I have been getting over these years, I have also participated in their rights last year which brings down my average price further.At $1.14, and assuming 1.78 cents/quarter annualized for the full year, it represents a dividend yield of 6.2% currently, which I think is a bit heavy (expensive) from a valuation perspective.

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhill Reit 377,000 0.68 256,360.00 29.0% 2. Vicom   31,300 6.29 196,877.00 22.0% 3. Frasers Logistic Trust 163,000 1.11 180,930.00 21.0% 4. Far East Hospitality Trust 230,000 0.64 147,200.00 17.0% 5. Manulife Reit   81,000 US$0.865   94,587.00 11.0% 6. Warchest     1,000     1,000.00   1.0% Total 876,954.00 100% The market has rebounded well in 2019 and almost everyone in the local finance community I know are making a good profits so far in these 2 months.KPO has done wonderful in his portfolio which you can read here while Miss Niao has already concurr

Frasers Logistics & Industrial Trust (FLT) listed on the SGX on 20 June 2016. It was initially established to invest in logistics and industrial properties located in Australia. However, in early 2018, FLT expanded its investment mandate to include properties in Europe, leading to its latest acquisitions in Germany and the Netherlands. In this article, I’ll revisit FLT’s fundamentals, give an update on its most recent financial results, and assess its valuation at its current price. Here are 10 things to know about FLT before you invest. Portfolio 1. As at 5 November 2018, FLT owns 83 properties valued at A$2.98 billion. This is from 51 properties worth A$1.58 billion when FLT first listed in 2016. Out of FLT’s current portfolio, 61 properties are located in Austral

With the 90-day truce in the US-China trade war coming to a halfway mark, attention is now on the outcome of those talks. While the news so far appears to be indicating that the talks will end in a positive note, it is hardly a foregone conclusion. Things could still change in a swift if either party changes its mind. So, what happens if the US-China trade talks fall apart? Investors Takeaway: 3 Things To Do If US-China Trade Talks Go Wrong By DBS Stay Invested In REITs S-REITs managed to put in the second-best performance in 2H18 after healthcare. According to DBS, S-REITs should continue to garner investors’ interest as bond yields are still pressured by the Fed turning more dovish. The Federal Reserve’s previous guidance in December last year pointed to two interest rate hikes in

Frasers Logistics & Industrial Trust (SGX:BUOU) released a respectable set of earnings, but its distribution per unit was impacted by a weaker Australian dollar.

Hello 2019!Since I stopped updating on my portfolio 4 months ago, I've received lots of inquiries from readers asking me to reinstate back this post.After much deliberation, I've decided to republish them again in my blog starting this month with the January's update. While I don’t exactly know how these updates will benefit readers who are requesting for these updates, I hope they are not using this the wrong way.For myself, I am using the update to justify for accountability to myself which is mainly to articulate my summary thoughts in a more organized manner and why I decided to hold/buy/sell and make certain decisions.Overall MarketsLet's first start with the observation of the overall market.This has been a pretty smooth sailing month so far.STI ended the year in 2018 with las

Current Price on 28th Dec 2018 = $0.505Yield = 8.37%  Price-to-book Ratio = 0.985Assets per unit = $0.956Debt per unit = $0.443 (including current liabilities)Gearing = 46.4%Secured NAV = $0.513 (101% of trading price)ESR-REIT is currently my biggest holdings with about 329,000 shares worth about $166,000. It is earning me a monthly dividend of $1,100 which helps to pay a lot of my bills. This is because of the merger earlier with Viva Industrial Trust where most of my holdings in Viva Industrial Trust is converted to ESR REIT (and coupled with my original holdings). It looks a lot so may pare down but let's take a look at the statistics first.With a yield of 8.37%, it is quite attractive. In fact, REITs with similar size (Ascendas REIT, Mapletree Logistics Trust, Mapletree Indus