No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhill Reit 377,000 0.755 284,635.00 30.0% 2. Vicom   31,300 6.79 212,527.00 23.0% 3. Netlink Trust 236,000 0.835 197,060.00 21.0% 4. First Reit 152,000 0.98 148,994.00 17.0% 5. The Hour Glass 106,900 0.80   85,520.00   9.0% 6. Far East Hospitality Trust     3,000 0.67     2,010.00   1.0% 7. Ho Bee Land        300 2.53        759.00   1.0% 8. Warchest     1,000     1

With the earnings season over, we will summarize the ups and downs of every REIT/ investment trust and rate their financial performance in this six-part series. To begin the series, here are four of the most disappointing trusts that let investors down in the latest quarter. Investors Takeaway: 4 REITs/ Investment Trusts That Let Investors Down This Quarter OUE Hospitality Trust With the absence of income support for Crowne Plaza Changi Airport, OUE Hospitality Trust saw its DPU decline by 2.9 percent year-on-year. That being said, the hotel was still receiving minimum rent from its master lessee in FY18 and improving its operational performance. With the ongoing ramp-up of Terminal 4 as well as opening of Jewel Changi Airport in 1H19, CIMB believes that Crowne Plaza Changi Airport will

Singapore investors are always looking for high-dividend stocks to invest in. While it may look lucrative to invest in companies with high dividends, we should also think about it from a risk standpoint – any investment that pays a higher return also tends to have higher risk. Finding companies that pay high dividends may also be time consuming, or we may get outdated or even bad advice from family, friends and even online sources that cannot be trusted. To get started on finding these companies on our own, and looking into its fundamentals more, we can use SGX’s stock screener, StockFacts. Read Also: StockFacts: All The Latest News & Financials You Need To Know Before Investing In SGX Stocks Using SGX StockFacts To Find The Companies With The Best Dividends In this article, we use

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

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

1. SPH Reit  --  4th Jan 20192. SPH  --  11th Jan 20193. First Reit  --  16th Jan 20194. FrasersCom Trust  --  18th Jan 20195. Kep Reit  --  21st Jan 20196. Frasers Cpt Trust  --  21st Jan 20197. Mapletreelog Trust  --  21st Jan 20198. Kep DC Reit  --  22nd Jan 20199. Kep Infra Trust  --  22nd Jan 201910. MapletreeInd Trust  --  22nd Jan 201911. MapletreeCom Trust  --  23rd Jan 201912. Kep T&T  --  23rd Jan 201913. Suntec Reit  --  23rd Jan 201914. CapitaMall Trust  --  23rd Jan 201915. SGX  --  24th Jan 201916. Kep-KBS US Reit  --  24th Jan 201917. Kep Corp  --  24th Jan 201918. Frasers L&T  --  24th Jan

Sometimes I make mistakes when I teach a class. Fortunately, the smart folks who attend the session call me out very quickly and I can adjust my position rapidly on the spot.In this case, I made a glaring mistake projecting the yield of Astrea IV bonds, taking the coupons and dividing it by market price to get more than 4% yields. One of my students is a brilliant CFA III candidate and he pointed out my mistake immediately after punching numbers into his Texas BA II calculator.I have overestimated the yield to maturity of the bond.The tragedy is that Astrea IV is that it has a provision that allows it to be called or cancelled in June 2023. This means that in June 2023, I will get back to $1000 of my money and 6 months worth of coupon payments even though the market price right now is a $1

I writing a topical email every week to my mailing list. Here’s our last email to subscribers which I thought I share. You can sign up on our mailing list to get the latest updates when it goes out every week. Investing for “yield” is one of the main draws of the Singapore stock exchange. However, investors chasing yield have been burn badly in recent years – something I have talked about. The following email will cover both dividend paying stocks, bonds, preference shares and perpetuals. This email is one of the longest emails I’ve sent out but bear with me as the lessons here are timeless and apply to almost any investing situation. In this article, I am going to run through how investors can analyze whether a company’s dividend or payout is sustainable in the long run u

What a perfect storm for Singtel share price. Singtel share price is set to face reality once more as the telco announced a set of disastrous Q3FY2019 financial results which saw most business units reporting declining profits. Net profit declined 14% to $823 million due to increased competition in India. In my last article on Singtel share price, I predicted that this counter would enter 2019 in bad shape. Indeed, Singtel share price plunged to $2.86 on 3 January 2019 and only recently recovered to the $3.00 level. However, the recent financial results would likely roil Singtel share price again. It appears to me that Singtel share price is set for a roller coaster ride as the Q3FY2019 results fell short of many analyst estimates. Most business units reported declining profits on year-on-

UOBKH’s alpha pick portfolio managed to outperform the broader market last year. Even during the tumultuous month of last December, as a result of uncertainty from the US-China trade dispute and tightening of US monetary policy, UOBKH’s alpha picks managed to stay resilient and put up a reasonable performance. UOBKH reshuffled its alpha picks with five recommendations for investors to start their alpha pursuit for 2019. Investors Takeaway: Kick Off Your Alpha Pursuit With These 5 SG Stocks By UOBKH Netlink NBN Trust Netlink NBN Trust (Netlink) is the latest addition into UOBKH’s set of alpha picks. According to UOBKH, Netlink has a dominant market share of 90 percent of the residential market and 35 percent of the non-residential fibre connections market. Netlink Trust’s growth i

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

In this article, we continue to highlight another investment theme that DBS recommends for investors in 2019: Yield plays with growth potential. Investors Takeaway: 5 Yield Plays With Growth Potential By DBS ComfortDelGro Corporation The greatest concern about investing in ComfortDelgro Corporation (ComfortDelgro) is the impending full entry of Go-Jek. Go-Jek’s entry will create increased competition from the private hire cars on ComfortDelgro’s core business. However, DBS is confident that competition is unlikely to heighten back to the times when Grab and Uber were both competing in the space. Heading into 2019, DBS is forecasting positive year-on-year growth for ComfortDelgro, which may be surprising to some investors. DBS notes that ComfortDelgro has been showing positives signs of

Financial Horse had an interesting post on Singtel entitled SingTel at S$2.96 – 3 quick thoughts on why I’m still not a buyer.  Here are my own initial thoughts looking at it. Why buy telcos – dividends of course! Most people who buy telcos normally are attracted by the defensive nature of the business and the dividends. Dividend yield at current prices almost top +6% and prices have dropped below $3 for the first time in a long time piquing my interest. Readers who read the last post arguing why dividend yield is the one of the worst metrics to use will remember that the yield is not as important as the sustainiability of the yield going forward. Here’s a short dividend history before we dig deeper. 2019 Estimate 2018 2017 2016 2015 Dividend per share [cents] 1

Ok, with my birthday celebrations with my family over and the presents all opened, the next step would be to start thinking about what I hope to achieve next year. There are some complications with goal setting this time round, but these might be good problems to have :a) Learning Goals.My learning goals are complicated by the fact that next resolutions were met before 2018 ended. Flush with some earned income, I was able to attend one Improv class and a 2 hour primer on looking after my voice.The Improv class was fun and possibly more useful for my D&D game sessions but it does not really have synergies with my new training career. I told some friends who were interested that I would join them for subsequent classes but only for social reasons.Voice acting probably made much more sens

Financial Horse had an interesting post on Singtel entitled SingTel at S$2.96 – 3 quick thoughts on why I’m still not a buyer.  Here are my own initial thoughts looking at it. Why buy telcos – dividends of course! Most people who buy telcos normally are attracted by the defensive nature of the business and the dividends. Dividend yield at current prices almost top +6% and prices have dropped below $3 for the first time in a long time piquing my interest. Readers who read the last post arguing why dividend yield is the one of the worst metrics to use will remember that the yield is not as important as the sustainiability of the yield going forward. Here’s a short dividend history before we dig deeper. 2019 Estimate 2018 2017 2016 2015 Dividend per share [cents] 1

Apparently, the fierce winter has lasted longer than expected as SingTel share price hit the skids. On 17 December 2018, SingTel share price plunged to an outrageous 7-year low. The last time that SingTel shares were trading at such price level was in 2011. In my previous article on this counter, I predicted SingTel share price to nose-dive to $2.60. While this nightmare scenario has not materialized (yet), the current SingTel share price bring little cheers for investors. It has been an awful year for investors as SingTel share price suffered an explosive 19% correction since the start of the year. The rapid decline caught many analysts and investors by surprise. On the basis of the current run, it seems certain that this counter would enter 2019 in bad shape. SingTel share price see red

Dividend yield is at the heart of many bad decisions Many poor investment decisions are based off this one metric. After all, everyone loves dividends. Passive income. Financial freedom. That’s perfectly understandable. The only issue is that dividend yield is one of the worst possible valuation metrics you can use. Is the dividend payment a one off? The first thing that investors need to watch out for are whether dividend payments are one off or “special dividend payments”. “Special dividend payments” are normally use to indicate that these dividends are meant to be one off because of a special event. For example, in the case of Singtel, they IPOed Netlink Trust in 2017 and declared a special dividend.   However, if you didn’t know this and bought

REITs are typically stable investments that grow in value over the long run. That being said, there are special circumstances where REITs can see a spike in its share price. This requires the right catalysts to be triggered to drive interest from investors. According to DBS and UOBKH, Keppel KBS REIT, Fraser Hospitality Trust and Netlink NBN Trust are three REITs that have the potential to trigger a spike in investor interest. Investors Takeaway: 3 REITs Awaiting Catalysts To Catalyse Its Share Price Keppel KBS US REIT Despite the early lease termination at Westmoor Center in Denver in 1Q18, Keppel KBS US REIT managed to deliver DPU of US$0.015. This was marginally ahead of the IPO forecasts. However, there were other positives that lit up Keppel KBS REIT’s quarter. Majority of Keppe