Author: A Path to Forever Financial Freedom (3Fs)

Jun 19 – Portfolio & Networth Update

 Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 212,214.00 Far East Hospitality Trust     3,000     1,950.00 Ho Bee Land        300        720.00 722,990.00 937,874.00 I thought I’ll do a quick update on the portfolio while I am still out of town and travelling and had a bit of time to sit down to do some quick calculation. Jun was mostly a muted month of transactions, mainly because I...

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How I Am Planning For An Early Retirement In Singapore

Most people aspire to achieve financial stability to enjoy their retirement with peace of mind. My dream is no different from others. Since I entered the workforce, I have been working towards achieving financial independence before the age of 35 and having an early retirement. The journey which I took has pushed me out of my comfort zones at times, and it’s tough.  Thankfully, my wife has been supportive of my decisions and goal.  When we had our first child in 2014, my wife had to quit her job to care for our son and deal with the household...

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The Hour Glass – 7.5x PER 4% Dividend Yield – Where Is The Love?

7.5x PER and 4% dividend yield, but why isn’t the market providing more love to this company by re-rating them higher? This was the exact question running through my mind when I purchased this company and then divested it thereafter, within a short period of time. I’ll go through some of my thought process, as well as collating the research I’ve done on this company in this article. Business Model THG has been a well-known luxury retail name for a number of years now.  Founded in 1979 by husband and wife, Chairman Henry Tay and Mrs. Jannie Tay, the...

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May 19 – Portfolio & Networth Update

 Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 206,267.00 Netlink Trust 195,880.00 Far East Hospitality Trust     3,000     1,920.00 Ho Bee Land        300        708.00 513,510.00 918,285.00 Sell in May and go away. This month has been a brutal month as we see increased risk volatility in the market due to the US-China trade war,...

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The Day We Turned From Green To Red

No, I’m not talking about my portfolio, that would be extremely sad. After 24 years of residing in Singapore, I finally had my Singapore citizenship transition done, approved and granted. I had applied them together with my immediate family members so all of us were granted the citizenship and we turned red together. This afternoon was the second last agenda as we were presented with the Singapore passport. When receiving them from the ICA officer, I had a lot of emotions that run through my mind. It was a feeling of happiness and gratitude as I looked back at...

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Bukit Sembawang Pays Out 22 cents Dividends – FY19 Results

I wrote an article on Bukit Sembawang some time in March recently which you can find here. Bukit Sembawang has recently announced their full year 2019 results which impresses on earnings, with full year NOPAT increasing by 100% year on year despite taking a hit in their Q4 earnings.  On the topline, revenue and cost of sales increased by 265% and 451% respectively as compared to previous year. This resulted in Gross Profit increasing by 164% year on year.  This is attributed to the higher development sales for profits recognized from 8 St Thomas, Nim Collection Phase 1 and 2...

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Mini-Retirement [Series 3]: My Last Week Of Current Employment

To keep track on the “Mini-Retirement” series which I started a few months ago, I’ll try to update as much as possible as I can on any resulting movement and direction from the impact taken on this action.  For those who are new to this series, the background of the story started when I made a decision to take a mini-break from my current role around three months ago by deciding to hand in my resignation for my current role, walking away without the next job lined up in hand.  Since my plan was to take a break to...

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Reits Symposium 2019 – A Full Day Reits Event For Investors

Following my previous post on the Reits Symposium, the day has finally arrived for all Reits investors. The event was held on level 4 at the MBS Expo Convention which has a good full house crowd they have been raving about. They give pretty good kits goody bag once you have signed in which includes door gifts and a water bottle, sponsored by Share investor, Money 89.3 and First reit respectively.  The event kicked off with Sgx Ceo, Loh Boon Chye, addressing the full house crowd on how the Reits sector has come a long way since the listing...

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Dividend Income Updates – Q2 FY19

With all the earnings announcement finally done and underway (Netlink was the last to report yesterday), it’s my favorite time of the year where I get to tally the amount of dividends I will be receiving this quarter. Please do note that this 2nd quarter covered the period of the dividend cashflow from the period 1st April 2019 to 30 June 2019. For readers who are new to this blog, this is a sequence of exercise that I’ve been doing for the past few years usually after the earnings season ended.  This tracking not only allows me to keep...

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Genting Singapore Ltd Q1 FY19 Results – Higher Capex & Lower FCF This Quarter

This will be just a quick update on their latest quarterly results since my last article on them which I wrote in March (here) and April (here) recently. Genting Singapore Ltd reported its Q1 FY2019 results yesterday evening which saw topline revenue and gross profit dropped by 5% and 16% respectively to $640m and $289m. Net profit as a result dropped year on year by 5% to $205m, which was arguably their weakest quarter. Whilst the non-gaming business registered its eight consecutive quarter of year on year growth with higher occupancy and higher spend, the gaming business continued to struggle...

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The Stock Market Crashed Today!! Admit If You Shit In The Pants Today

It’s been a while since we last hear of something negative in the markets which sent markets across the globe plunging which most investors have to face in their routine battle against the market.  With the infamous Trump’s Trade Tariffs back with more vengeance this time, this escalation has sent markets across the globe spiralling down and dropped heavily in today’s trading with Dow Futures down as much as -450, SSE down by 5% and STI down by about 3.3%.  The media will always use scary-sounding headlines in order to catch everyone’s attention. Bombarded by negative headlines, investors may...

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Why I Am Delighted With The Revised DBS Multiplier Changes

Savings have been an integral part of our approach towards financial freedom since we started working 12 years ago.  There are many competitive savings accounts in the market that are giving out decent interest rates and meeting various needs of the consumers.  When DBS Multiplier Account was first introduced in 2014, I quickly made the switch to park most of my emergency funds and investment warchest into the account.   Back then, my criteria was simple.  I needed a savings account that can reward me with the best return yet was flexible with the criteria such that I could...

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Manulife Reit Makes An Acquisition of Centerpointe

Barely a few days after Manulife Reit announces their Q1FY19 quarterly results which I covered here, they announces an M&A for two towers of Centerpointe I & II, which is South of Virginia (about 30 minutes from Washington DC). The acquisition of these freehold properties is at the implied cap rate of 7.55% for a Class A commercial, which makes it an easy accretive target deal for them based on their current valuation. The purchase price is $122m, which is about a tenth of their current market cap, so they didn’t really need a lot of funding to buy this. ...

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ARA Hospitality Trust – Preliminary Prospectus IPO

After my previous article on Eagle Hospitality Trust (EHT), this would be another prospecting on a US hospitality trust which is slated to go public upon approval of listing from MAS.  Like EHT, ARA-HT is claiming to be the very first US pure-play hospitality to be listed in SGX. I guess we’ll have to see who has the claim of rights to say this first depending on the timeline they go public.  I’ll try to make this a narrative comparison against EHT as much as possible, so if you have not read the previous article on EHT, I’d recommend...

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Eagle Hospitality Trust – Preliminary Prospectus IPO

Eagle Hospitality Trust (EHT) is currently preparing for their public offering issuance and has lodged their prospectus with MAS. If you want to read their prospectus in detail, you can find them here. If successful, it will be the very first US pure-play hospitality Reit we have in SGX.  It’s interesting to see the various pure play breed choosing to list their Reit vehicle here in Singapore but I guess that’s a clear sentiment of how far the Reits industry have come so far. Hotel’s Portfolio The Reit’s portfolio is valued at US$1.27b which comprises of 18 full service hotels...

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