1. SPH REIT  --  10th Oct 20192. Kep Infra Trust  --  14th Oct 20193. Kep DC REIT  --  15th Oct 20194. Kep Pac Oak US REIT  -- 15th Oct 20195. MapletreeCom Trust  --  15th Oct 20196. Kep REIT  --  16th Oct 20197. Kep Corp  --  17th Oct 20198. SPH  --  17th Oct 20199. CapitaMall Trust  --  21st Oct 201910. Mapletreelog Trust  --  21st Oct 201911. MapletreeInd Trust  --  22nd Oct 201912. FrasersCom Trust  --  22nd Oct 201913. Frasers Cpt Trust  --  23rd Oct 201914. Suntec REIT  --  23rd Oct 201915. CapitaCom Trust  --  23rd Oct 201916. SGX  --  24th Oct 201917. MNACT  --  25th Oct 201918. CapitaR China Trust  --  25th O

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Ho Bee Land        300 2.33              700.00 1.00% 2. Warchest          100,000.00 99.00% Total       100,700.00 100% We are 2 months away from closing the year so I thought I'll update this early.The portfolio has never looked "cleaner" than what it is today but I guess given so many involvement I am in the second half of the year with all the things going on and the recent few bad trades (see below), I am tempted to regroup going into 2020.Shorts Position Gone WrongIt has been a very challenging

Registration Closing In My new course Bulletproof Value Investing is now LIVE! For everyone who came for the webinar and stayed till the end despite the technical difficulties, a big thank you! About The Course The course is split into 3 main sections: Identifying great businesses with sustainable competitive advantages that can make money in the long run Valuation – How to know when to buy and sell based on intrinsic values Investor and Market Psychology and how to exploit it  We help breakdown different investment categories based on their growth cycle and their potential returns. You can preview our video tutorial for free where we discuss each of these categories in turn. Case Studies, Case Studies, Case Studies We have included case studies of different companies like Sin

I will be hosting a LIVE webinar & Q & A on TONIGHT at 8:30pm (Singapore Time) to launch my new course Bulletproof Value Investing and explain more about it and to answer any of your questions. There are only 300 Spots Available in the LIVE room so make sure you save your spot. I will also be covering the top 7 rules to successful investing in the stock market. A sneak preview on the rules: Buy businesses not stocks Identify the company’s competitive edge Calculate the important numbers Bet on the right management Figure out the right price to pay Only buy when it is trading at a discount Know when to sell These are based off my own practical experiences over the last decade in the stock market. I am going to be covering these rules in turn and be sharing some of the nua

I will be hosting a LIVE webinar & Q & A on Thursday next week at 8:30pm (Singapore Time) to launch my new course Bulletproof Value Investing and explain more about it and to answer any of your questions. There are only 300 Spots Available in the LIVE room so make sure you save your spot. I will also be covering the top 7 rules to successful investing in the stock market. A sneak preview on the rules: Buy businesses not stocks Identify the company’s competitive edge Calculate the important numbers Bet on the right management Figure out the right price to pay Only buy when it is trading at a discount Know when to sell These are based off my own practical experiences over the last decade in the stock market. I am going to be covering these rules in turn and be sharing some

I will be hosting a LIVE webinar & Q & A on Thursday next week at 8:30pm (Singapore Time) to launch my new course Bulletproof Value Investing and explain more about it and to answer any of your questions. There are only 300 Spots Available in the LIVE room so make sure you save your spot. I will also be covering the top 7 rules to successful investing in the stock market. A sneak preview on the rules: Buy businesses not stocks Identify the company’s competitive edge Calculate the important numbers Bet on the right management Figure out the right price to pay Only buy when it is trading at a discount Know when to sell These are based off my own practical experiences over the last decade in the stock market. I am going to be covering these rules in turn and be sharing some

SPH announced its' Full Year 2019 earnings this evening after market-hours.Here are some of the key takeaways from the results:1.) Print & Media Business Disappoints AgainRevenue for the traditional media business declined by $78.9m from $655.8m in FY2018 to $576.9m in FY2019, which translates into 12% down year on year.Revenue contribution from print advertisement and circulation are down to $68m this year, which is approximately 12% down year on year.The only saving grace is the digital advertisement revenue segment which shows growth year on year of $1.5m (6%), though not significant enough.At $576.9m revenue for the media, it still takes up the bigger chunk of the revenue (59% of overall revenue) so it remains to be seen if we're continue to see a slow structural decline in the pri

After a couple of months of hard work, I am proud to announce that I will be launching my online course next week. The course is  called Bulletproof Value Investing and you get a sneak peak at: http://bulletproofinvest.com .   We will be doing a launch webinar that I will be posting the details about in the coming days where I run through the course syllabus as well as talk about my own experiences and how it relates to my investing framework. I will be breaking down what I do on a daily basis into 7 steps that I capture my investing process the best. I will also be hosting a Q and A to answer any of your questions. More details on that to come later this weekend! New Direction for The Asia Report One big change is that I am looking to move a lot of discussions and materials to a

I am writing this in a response to an article from DBS which caught everyone's attention regarding the likelihood that Singtel may cut its dividend for the first time in 20 years from FY2021 onwards.If you have not read the article, you can read it here.In the article, the analyst drew from the thesis that Singtel might have to cut its "unsustainable" dividend payout to 13 ~ 15 cents/share mainly due to the increasing capex requirement from the 5G spectrum roll-out, the declining mobile users and deteriorating regional associates performances, which is mainly attributed to Bharti and Telkomsel (slowing growth).While the general thesis may sound reasonable at glance, I think the dividend cut from the current 17.5 to 13 ~ 15 cents from FY2021 onwards may be overly bearish.Here's 6 reasons wh

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhub (Short) 120,000 1.28    153,000.00 8.0% 2. DBS (Short)     3,000 24.57      73,710.00 4.0% 3. HK Land   10,000 US$5.50      75,900.00 4.0% 4. Far East Hospitality Trust     3,000 0.68        2,040.00 1.0% 5. Ho Bee Land        300 2.30           700.00 1.0% 6. Warchest     1,360,000.00 82.0% Total  1,665,350.00 100% Less: CFD Leverage @ 2.8% (158,000.00) Total  1,5

This article was first published on 3 August 2018 and has been updated on 2 October 2019 to reflect the latest prices and plans. Many of us spend several hundred dollars or more each year on our mobile phone plans but rarely consider whether there are better mobile subscriptions in the market when our contracts run down. The main reason – we are often lured by seemingly lucrative deals on the latest handphone models rather than trying to source for the best mobile subscription that actually fits our usage requirement. Often, we end up opting for more expensive plans just to enjoy the initial handset subsidy. To lower the cost of buying the new phone, we also typically trade-in our perfectly working mobile phones which may have nabbed us a better deal if we sold it on Carousell, eBay or

This article contains affiliate links. DollarsAndSense may receive a share of revenue from your sign-ups. Earlier this month, the DollarsAndSense team went for our first company retreat! Here’s the lowdown on all the apps and tools we used from start to end. Read Also: The DollarsAndSense Team Reveal Their Financial Goals for 2019 Choosing A Destination: Skyscannner, Trip.com Our team retreat came with a rough budget in mind. Nothing too fancy, nothing too expensive but also not too near such that it wouldn’t feel like a real getaway (i.e. no Bintan, no Batam and certainly no JB). To decide on the destination for our first ever team retreat, we decided to use Skyscanner, a well-known travel search aggregator, to help us make our decision. Here’s how we used Skyscanner to shortlist a

NetLink NBN Trust (SGX: CJLU) was “born” out of Singapore Telecommunications Limited (SGX: Z74) in July 2017. Looking at the duo today — boy, we see very different fortunes. Since NetLink NBN Trust’s IPO, units have risen some 10%, compared to a 21% decline in Singtel shares. In comparison, Singapore’s stock market benchmark, the Straits Times Index (SGX: ^STI), has declined by around 5%. In my opinion, the vast difference in the share price performances between NetLink NBN Trust and Singtel can be attributed to the underlying strength of their respective businesses. NetLink NBN Trust has a resilient business model with predictable cash flows. Since the trust is the sole nationwide provider of residential fibre network here, it is hard to knock the company of

Without any doubt, AXS is one of the most widely-used bill payment platforms in Singapore. Starting with introduction of the standalone AXS Station kiosks in 2001, AXS has now expanded its offerings with both online and mobile app (m-Station) payment. With the AXS m-Station app, Singaporeans can now pay their bills or fines, including those from government agencies or public institutions, right at the convenience of their smartphones anytime and anywhere. Unlike the kiosk which accepts only bank ATM cards, AXS m-Station provides multiple payment modes, such as PayLah, eNETS and credit cards. While the credit card option seems to be attractive, it comes with its own limitations. For instance, only credit cards from Citibank, DBS/POSB, UOB, OCBC banks and Diners Club, as well as MasterCard

A high dividend-yielding company is always sure to attract many investors. However, not all companies with high dividend yields are great. Some have high yields due to poor business fundamentals, and that could result in falling dividend payouts in the future. The following three companies have got high yields, but I wouldn’t touch them with a ten-foot pole. I explain why below. Company No. 1 The first company on my list is Asian Pay Television Trust (SGX: S7OU). The trust’s business currently centres around its investment in Taiwan Broadband Communications Group, a leading cable operator in Taiwan. Asian Pay Television Trust’s investment mandate, however, is wide-ranging. Its mandate is to “own, operate and maintain mature, cash generative pay-TV and broadband bus

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhub (Short) 120,000 1.35  162,000.00 15.0% 2. HK Land   10,000 US$5.75    79,350.00 15.0% 3. Far East Hospitality Trust     3,000 0.69      2,070.00   0.4% 4. Ho Bee Land        300 2.29         670.00   0.1% 5. Warchest     370,000.00 84.5% Total  614,090.00 100% Less: CFD Leverage @ 2.8% (112,000.00) Total  502,090.00

It is case of lightning strike twice for Temasek Holdings! Investors of HPH Trust must be left punching the wall as the unit price of the business trust collapsed following the announcement of HPH Trust being given the boot from the prestigious Straits Times Index (STI) on 5 September 2019. Temasek Holdings is a major shareholder in both HPH Trust and Asian Pay TV Trust. In 2018, unit price of Asian Pay TV Trust plunged after the business trust announced massive cut in distribution. For HPH Trust, the collapse of its unit price should be triggered by both the violent Hong Kong protests and the recent exit from STI. The exit from STI also came at a bad timing. When SIAEC (2017) and StarHub (2018) were booted out of STI, the share prices went into a tailspin. On this basis, I expect unit pri

Singapore Telecommunications Limited (SGX: Z74) shares the Singapore telecom spotlight with M1 Ltd and StarHub Ltd. The company’s share price has declined significantly over the last few years. Given its lower share price, investors might be attracted to the company now. Clearly, Singtel is a good candidate for further research given the negative sentiments. Yet, it’s not the only company worth considering. Let’s look at one company that might be an even better investment than Singtel, especially over the long run. The contender The company we’re talking about is Jardine Matheson Holdings Limited (SGX: J36), a conglomerate with interest in the web of Jardine companies that include Jardine Strategic Holdings Limited (SGX: J37), Jardine Cycle & Car

Hong Kong leader Carrie Lam yesterday announced that her government would formally withdraw an extradition bill that started massive protests in the territory. Earlier in the day, the Hang Seng Index (HSI) soared almost 4% on reports that the bill is set to be removed. Well-known Hong Kong companies such as railway operator MTR and flag carrier Cathay Pacific jumped 6.4% and 5.3%, respectively. Over in Singapore, one company with a strong focus on Hong Kong rallied as well. And that company is none other than Hongkong Land Holdings Limited (SGX: H78), a property group with assets mainly in the Special Administrative Region (SAR). Hongkong Land’s shares soared 8.3% to US$5.89 yesterday. Despite the rally, the company’s shares still look cheap. Let’s find out why. Behind t

On 29 August, the Monetary Authority of Singapore (MAS) began accepting applications for Singapore’s first digital bank initiative. Five licences are up for grabs from non-bank players — two for digital full-fledged banks and three for restricted digital banks. Interested parties have until 31 December 2019 to submit their applications. MAS will announce the successful applicants in mid-2020, and the digital banks are to commence business by mid-2021. MAS also laid down some ground rules for applicants to prevent frivolous applications. Applicants need to 1) have a track record of at least three years in an existing business within the e-commerce or technology fields; 2) provide a clear value proposition for serving unmet or under-served needs of certain segments of the popula