1. SPH REIT --  10th Jan 20202. SPH  -- 13rd Jan 20203. FrasersCom Trust  --  15th Jan 20204. Mapletree NACT  --  17th Jan 20205. Kep Infra Trust  --  20th Jan 20206. Mapletreelog Trust  --  20th Jan 20207. Kep DC REIT  --  21st Jan 20208. Kep Pac Oak US REIT  --  21st Jan 20209. MapletreeInd Trust  --  21st Jan 202010. Kep REIT  --  22nd Jan 202011. MapletreeCom Trust  --  22nd Jan 2020 12. Suntec REIT  --  22nd Jan 202013. Parkway Life  --  22nd Jan 202014. Frasers Cpt Trust  --  22nd Jan 202015. CapitaMall Trust  --  22nd Jan 202016. CapitaCom Trust  --  22nd Jan 202017. Kep Corp  --  23rd Jan 202018. SGX  --  23rd Jan

Occasionally, I do something that is so dumb that it's worth putting up a blog article to warn readers not to do the same thing as I did.I am currently in the process of cleaning out my father's portfolio and slowly removing his less promising investments from the family portfolio. One of the items I was eager to get rid of is 80,000 shares in Neratel. So two days ago, I put a sell position on 80,000 of Neratel and cycled the position into an equivalent amount of Netlink trust - I needed my mum to get dependable dividends moving forward so I can afford only the safest investments moving forward.This would have been fantastic move.... if only I actually had 80,000 shares of Neratel !So I got a call from the broker the next day telling me that I sold stocks that I did not actually own in my

As we entered the final phase of the end of the 2019 year, it's time to do a review of how the year went for us and what lessons can we learnt from this year.CareerFrom a career's perspective, things are looking rather decent with not much progress from the very last I changed job which means things are not taking a big scale as much as I had expected. Still, it was an interesting year because this is the year I've changed industry and met variety of people in the industry which I would have never met had I remained in my earlier role.The good thing about the change is it also allows me to look at a different lense on a totally new perspective on start up, unicorn companies and VCs and this will come in a lot handy when analysing the Nasdaq companies for me in the future.HealthHealth on a

The weekly 4 Stocks This Week column on DollarsAndSense was started in 2017 with a simple objective was simple: to provide a convenient read each week for busy investors to stay updated with what is happening on the Singapore Exchange. 4 Stock This Week is not a recommendation from us to buy or sell any of the stocks that wke feature. Its purpose is to highlight interesting stocks that investors should be aware of, rather than to analyse these stocks. For this week’s edition, instead of the usual coverage of four stocks, we’ll do a year in review of the other 51 instalments of 4 Stocks This Week that our team has written in 2019. Over the past year (51 weeks), we’ve covered 123 SGX-listed stocks, 4 ETFs and 8 Daily Leverage Certificates. The most covered stock was Sas

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

Right now, I'm blogging from Festive Hotel in Sentosa.We decided that we needed a short break so my wife got us a 3D2N stay in Sentosa so that my mum can head to the Casino, my kids can get to Universal Studios, and I can get more work done in my hotel room. For the past few weeks, I am resolving my father's matters and have been shuttling to and fro my family lawyer's offices. When it comes to such matters, it's ok to be slow and steady but the most important thing is to be accurate so that the paperwork will be quick and painless.a) Financial marketsSingapore miraculously avoided a technical recession in Q3 2019 !Every workshop preview, I would conduct a poll on what my audience thinks about Q32019 but the polls consistently  vote a that technical recession will occur albeit with V

Netlink NBN Trust (SGX: CJLU) is the sole appointed “Network Company” for Singapore’s Next Generation National Broadband Network (NBN). The trust group’s network, which spans nationwide, delivers high-speed internet access throughout Singapore. It also designs, builds, owns and operates passive fibre network infrastructure for Singapore’s NBN. Netlink is listed as a business trust, which means ... Read moreTime to Play Defense: 5.4% Dividend Yield with a Highly Defensive Moat.

Delfi Limited (SGX: P34) manufactures and distributes branded consumer products that are sold in over 17 countries including Singapore, Malaysia, Indonesia, Hong Kong, Australia and Thailand. Delfi was formerly known as Petra Foods Limited but changed its name in May 2016, and has a portfolio of established brands such as “SilverQueen” and “Ceres”, which are household names in Indonesia. While Delfi has a long operating track record and a strong portfolio of brands in Indonesia, the consumer goods market’s fortunes are tied to the economy and the industry itself is also fragmented, with many local and foreign players jostling for a piece of the pie. A company’s reputation and branding will determine if it attains dominant mind share when consumers shop

Here’s yet another three biases and fallacies taken from the book “The Art of Thinking Clearly” by Rolf Dobelli. Investors need to be always alert for such biases as they can screw up your investment thought process and cause you to make costly mistakes. The problem with averages We all have to be very careful when dealing with averages. There is no such thing as a “normal” average, as each data set is unique and may be vastly different, making them incomparable. Also, if there is an anomaly or an outlier (i.e. a statistic which differs greatly from the norm), this will skew the average significantly. An example would be the comparison of dividend yields in a data set of 10 companies within an industry. Nine of these companies may have dividend yields ranging

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

In my previous post on "How Do You Prepare A Growing Warchest", I mentioned about how we can accumulate our warchest through a variety of ways.One of the ways to do them is through the accumulation of defensive stocks which tend to be more resilient during period of uncertainties.I was fortunate to have a few of these defensive resilient companies in my portfolio, which include the likes of Vicom, Starhill Reit and Netlink Trust when I started the year, each of them taking up a very large position in the portfolio.I began to unwind each of them slowly, as I look to build up more warchest in anticipation of events like what we have today, with the divestment of Starhill Reit back in May at a (relatively so-so on hindsight) price of 75 cents and divestment of Netlink Trust back in Jun a

Every three to four years, we revisit the topic issue on the importance to keep a warchest in our portfolio. This comes always on the back of something that is brewing, like the Eurozone crisis in 2011, the oil and China crisis in 2016 and the Trade War and HK protests in 2019.As the name itself implied, having sufficient warchest in your portfolio means you are keeping a sum of money that is ready when you are needed to go to war. The thing is this, we always take things granted in our lives, especially when everything are looking good and the sky is shining clear and bright.When times are good, we don't treasure them hard enough and often it gets overlooked with something which may seem more urgent to us. However, when things go sour, or when we lose it, we wish we could have put on

If you want to summarize the running of a business into just one simple formula,  it should look like this :1) Revenue - Costs = Operating Income2) Operating Income - Tax and interest expenses = Net IncomeThere are only two ways for anyone to make more money in any business endeavour:a) Increase RevenuesThis happens only if I can get more customers to sign up for my program. One way would be to keep varying my marketing preview messages so that more potential customers sign up. Another way would be to increase the frequency of my preview talks.There is also the possibility of adding more courses. The answer I have chosen for myself is to keep improving the value of the cost to justify fee increases.b) Reduce CostsIt is much harder for me to reduce costs so I do avoid taking this route

Netlink NBN Trust is the sole owner of Singapore’s passive fibre network infrastructure, which provides nationwide coverage of fibre broadband services. It is also responsible for the maintenance and operation of any infrastructure related to the fibre network, including ducts, manholes, fibre cables, and central offices. As a business trust, Netlink distributes 100% of its cash flows after company expenses such as management costs and interest payments. This enabled the company to pay shareholders a healthy distribution per share of 4.88 cents over the past year. This translates into an attractive yield of 5.55% based on its closing price of S$0.88 on 8 August 2019. While the dividend yield is enticing, it is important to find out whether the dividend can be maintained (or incr

First published in Business Times on 2 August, 2019 By Mak Yuen Teen and Chew Yi Hong The third edition of the Governance Index for Trusts (GIFT) assesses the governance and business risk of 46 real estate investment trusts (Reits) and business trusts (BTs) listed on the Singapore Exchange (SGX). Four trusts are new to GIFT in the 2019 edition, having more than a year of listing status to allow us to assess them meaningfully. They are Cromwell European Reit, Keppel-KBS US Reit, NetLink NBN Trust and Sasseur Reit. The trusts that are ranked in the top five in GIFT 2019 are NetLink NBN Trust, Mapletree Commercial Trust, Keppel DC Reit, AIMS APAC Reit and Mapletree North Asia Commercial Trust (joint fourth). The average combined governance and business risk score has continued to improve s

By Mak Yuen Teen NetLink NBN Trust, one of the four new trusts included in the third edition of the Governance Index for Trusts (GIFT), has achieved the top ranking in its first year. This year, the governance and business risk of 46 out of the 50 real estate investment trusts (REITs) and business trusts (BTs) listed on SGX were assessed. Four trusts are new to GIFT in the 2019 edition, the other three being Cromwell European REIT, Keppel-KBS US REIT and Sasseur REIT. In general, the new trusts have fared well, with Keppel-KBS US REIT ranked joint sixth. The trusts that are ranked in the top 5 in GIFT 2019 are Netlink NBN Trust, Mapletree Commercial Trust, Keppel DC REIT, AIMS APAC REIT and Mapletree North Asia Commercial Trust (joint fourth). The average combined governance and business r

According to latest official readings, the Singapore economy is “flirting” dangerously with recession. In 2Q19, Singapore’s gross domestic product (GDP) grew a meagre 0.1 percent, widely missing economists’ expectations of a 1.1 percent growth. Exacerbated by the US-China trade war, the local manufacturing sector dragged the broader economy, contracting by a wider 3.8 percent in the quarter. That said, over in the US, the Federal Reserve has been signalling a strengthening case for an interest rate cut at the end of this month. The undercurrent driving this is also none other than the ongoing trade war with China, which is beginning to materially impact on US economy as well. Given the two information, what can retail investors do to protect themselves against adverse shocks? We of