In the second quarter of 2022, the Straits Times Index (STI) delivered a negative 8% total return. This isn’t that surprising as global markets have been extremely volatile in that time – marked by Russia’s invasion of Ukraine, disruptions to supply chains, runaway inflation and rising interest rates. On the back of this, the SGX reported that institutions have pulled nearly $1.1 billion from Singapore stocks in the second quarter of 2022 on an aggregate basis. Diving deeper, banks, technology and REITs counters have booked the most net institutional outflow across all sectors. Against this challenging operating backdrop, there were still 5 REITs that managed to attract more institutional funds – pouring in $300 million more into the counters in 2022. This acted as a catalyst for t

Stock Market is a dangerous place. However, placing money in the bank would also erode value as the bank interest is near to nothing. Portfolio Restructuring 2021:A. Foundation Stocks (3, max 10%):1. SGX2. ParkwayLife Reit3. UOBB. Core Stocks (10, max 5%):Decent dividends and healthy safety margin (%) from my break-even cost (including dividends):1. Keppel DC Reit (102%)2. OCBC (41%)3. FCT (31%)4. Frasers L&C Tr (77%)5. AIMS APAC Reit (38%)6. Mapletree Com Tr (43%)7. Ascendas Reit (23%)8. Starhill Global Reit (35%)9. ST Engg (18%)10. Mapletree Indust Tr (0%) (new addition in 2021, no safety margin built up yet)C. Reserved list for Core Stocks (4, max 5%):Decent dividends with healthy safety margin (%) from my break-even cost (including dividends). Not buying more and holding

Frasers Property is a multinational real estate and property management company that owns, develops, and manages a property portfolio worth S$42.6 billion as at 31 December 2021. Its portfolio comprises commercial, hospitality, retail, residential, and industrial assets located in over 70 cities and 20 countries including Singapore, China, UK, and Australia. Frasers Property is also the sponsor of four Singapore-listed REITs: Frasers Centrepoint Trust, Frasers Commercial Trust, Frasers Hospitality Trust, and Frasers Logistics & Industrial Trust. As a REIT investor myself, I was interested to learn and understand more about the parent company behind the Frasers family of REITs. Here are seven things I learnt from the 2022 Frasers Property AGM: 1. Revenue grew 4.6% year-on-year

Frasers Centrepoint Trust (FCT) is an SGX-listed real estate investment trust that owns retail malls located in the suburban regions of Singapore. FCT’s portfolio of properties, comprising nine quality suburban retail malls and one office property, is worth S$6.1 billion as of 30 September 2021. FCT has a fantastic track record even among retail REITs in Singapore; it has 15 consecutive years of distribution growth, aside from 2020 due to the pandemic. Things appear to be looking up for the local retail scene as Singapore moves toward treating COVID-19 as an endemic disease and pandemic measures slowly ease. Here are the eight things I learned from the 2022 Frasers Centrepoint Trust AGM. 1. Revenue grew 107.5% year-on-year to S$341.1 million for FY2021 while net property income

Working >50% time at home with minimal social gathering and meet-ups with friends, 2021 sped by like a rocket.  I am not an artistic person and never imagine that I will be doing ART every week...(before going back to office).Stayed in hospital for a week (not covid).  This was a wake-up call for me. I start exercising 4-5 days a week, when not going back to office. Do feel improvement in personal health and fitness.  Well, time to do a final review on my portfolio's performace in 2021.Top 30 positions of my portfolio at end 2021:1. SGX2. ParkwayLife Reit3. UOB4. Keppel DC Reit5. OCBC6. FCT7. Frasers L&C Tr8. AIMS APAC Reit9. CapitaLand I Comm Tr10. Mapletree Com Tr11. Mapletree Indust Tr12. Ascendas Reit13. Keppel Corp14. SPH Reit15. Suntec Reit16. CDL HT

 Capitaland (“CAPL”) announced that it would undertake a restructuring exercise, splitting its development arm from its investment management arm. Its development arm would be taken private, while its investment management arm would remain listed as Capitaland Investment Management (“CLIM”). This post would summarise my thoughts on this restructuring exercise, as well as my take on how we should value CLIM going forward. My general take on this deal is that it is the right strategy for CAPL to restructure its business. Property development is exposed to market cycles, regulatory action and other factors, whereas the investment management arm can expect to see more stable recurring revenues in the form of management fees and dividends from its stake in the various Reits. In fac

2020 was an unprecedented year. Many of us never expect that the medical advancement of mankind would ever face another pandemic like the Spanish flu 100 years ago...   Well, time to do a final review on my portfolio's performace in 2020.Top 30 positions of my portfolio at end 2020:1. SGX2. ParkwayLife Reit3. UOB4. FCT5. Keppel DC Reit6. OCBC7. CICT8. Frasers L&C Tr9. SATS10. AIMS APAC Reit11. Keppel Corp12. Mapletree Com Tr13. Ascendas Reit14. CDL HTrust15. Suntec Reit16. SingTel17. SPH Reit18. Capitaland19. Keppel InfraTr20. Starhill Global Reit21. VICOM22. Bukit Sembawang23. Netlink NBN Tr24. Sembcorp Indust25. ST Engg26. SIA Engg27. ARA LOGOS Log Tr28. Cromwell Reit Euro29. Frasers Property30. AstreaIVB4.35%Total dividends collected in 2020: $15,399.93Average monthly

November turns out to be a busy month with so many events happening around the world. The biggest news was that Biden won the US Presidential election, and stock market breathed a sigh of relief as Republicans likely gain the senate majority, making the prospect of Biden’s tax hike unlikely.   Also global markets gotten another boost when the news of the major development of Covid 19 broke during premarket hours, expect for tech stocks went on a steep selloff . While investors cheer for a vaccine breakthrough, my stock portfolio performance had been lukewarm at best, as many of my SG portfolio gains were offset by drop in tech stocks. Nevertheless, my portfolio is still in the green with 15.78% (XIRR) returns YTD. Whereas on the east side, Jack Ma’s blunt China’s bank talk