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

Starhill Global Reit posted their Q3FY19 results yesterday evening which saw their revenue and NPI dropped slightly by 0.9% and 1.8% YoY. As a result, this brings a lower income available for distributional from the previous year quarter of $25.4m to $25m, a marginal drop. What is interesting is they decide to retain less for this quarter, citing lesser tax expense for this quarter and as such decided to distribute more payout to shareholders. As such, DPU has marginally increased from 1.09 cents the previous year to 1.10 cents this quarter. Based on the current share price of 75...

Manulife Reit announced their Q1 FY19 results this morning which saw a 27.7% increase in Net Property Income (NPI) year on year due to the 2018 acquisitions of two buildings – Penn in Washington DC and Phipps in Atlanta.  This trickles down to bottomline DPU performance which grows slightly by 0.7% year on year to 1.51 cents (up 0.01 cent from last year same quarter). If we compare this across quarter on quarter (Q4FY18 vs Q1FY19), NPI has actually slightly declined from US$25,491k in previous quarter to US$25,084k this quarter. There is a slight dip in the Gross Revenue...

This is a quick update on my previous post on the upcoming Reits Symposium which will take place on the 18th May 2019 at the Marina Bay Sands Convention Center. Shareinvestor has updated me on the agenda details which includes the interesting panel discussion which includes several veterans from the Reits industry which I think is the more interesting part of the event as you get to hear views right from the horse’s mouth themselves.  There will be 2 panel discussions during the event itself strategically conducted in the afternoon: Panel Discussion 1: Is Reits Still A Viable Investment...

 Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Starhill Reit 284,635.00 212,527.00 Netlink Trust 197,060.00 First Reit 148,994.00 The Hour Glass   85,520.00 Far East Hospitality Trust     3,000     2,010.00 Ho Bee Land        300        759.00    ...

I received an email from a reader (whose name I’ve concealed) who asked for my opinion on his recent purchase of stock which leads me to write this article.  In the email, he mentioned that he initially bought OCBC at a share price of $11 with the intention of holding it long term. However, as the stock market continues to go up in the past recent weeks, he is now sitting on a decent capital gain over a short period of time, which I assume he did not initially expect, and now faced with a situation if he should...

Our elder son is turning 5 years old next week which means for both my wife and I we had him by our side for nearly 5 years of our lives now.  For a 5 year old, that is his whole 100% of his life together with us but for my wife and I it is a relatively small portion (5/33) of our life experience which is the reason why time seems to fly past so quickly.  It feels like it was only a while back that he’s still learning how to crawl and walk but in a blink...

I had the opportunity to attend the AGM which was held this evening at the Mandarin Orchard Grand Ballroom at 2.30pm. I arrived sometime around 15 minutes and there were already long queues forming for the registration. The AGM was packed and there were a few folks who had to stand when they arrived a bit later. The door gift was a nice running tracker watch, courtesy of the printed First Real Estate Investment Trust. I think this is a similar model when the government distributed it out last year to the citizens during the health board promotion. There...

REITs Symposium is back again this year after another round of sell-out in both 2017 and 2018. I was there at the event back in 2017 and it was an eye opener as I managed to attend some of the information presentation and find out more information on some of the Reits that I owned by talking to their management and Investor Relations which had their booth set up. This was good because most of the AGMs were held during weekday where most of us are unable to take leave to attend so if there’s a good chance to...

This is a follow up from the previous article on Genting which I’ve written not too long ago. You can view them Here if you have not done so.  The big news on Genting is finally out of the bag which we’ve been waiting for sometime. Redevelopment of RWS ExpansionResort World Sentosa Pte Ltd, a wholly owned subsidiary of Genting Singapore Ltd, has been granted approval for extension of their Integrated Resort over the next 5 years. This will see the existing IR Property expanded with approximately 50% of new gross floor area, adding 164,000 square metres of GFA of leisure...

Most of us have a natural instinct of understanding the basic foundation of risk. For example, when we are crossing in the middle of the road, we look instinctively interested to both left and right to see if there’s any incoming vehicles that might hit us. We know the risk is higher if we cross in the middle of the road than if we walk a few meters to wait for the traffic light but yet most of us still do it in order to save a few seconds of time. Our brains are wired to take impulse command...

I’ve been keeping it inside my (war)-chest for a long time now. And finally I’ve got to just let the cat all out of the bag today. Retiring in Singapore demands a high level of both savings and income and this needs to be at least in the 8 digits figure. If you are short of that, you better get your way around working until retirement before thinking about the time you can do with retirement. I mean just look at the Me & My Money Series sections over the past few weeks and you get the idea. Folks...

Bukit Sembawang Estates Limited (B61.SI) is a property holding company that is listed on the Singapore Exchange. Bukit Sembawang started it’s humble beginning as a rubber company back in 1911 before transitioned into a property developer in the 1950s. In 1968, Bukit Sembawang was incorporated in Singapore as a public listed company focusing on property development and investment. Bukit Sembawang is one of the pioneers company we have in Singapore and over the years they have built more than 4000 homes across different locations in Singapore. “Homes for every generation” – is their main slogan of the company. Cooling...

Genting Singapore Ltd (G13.SI) is a company that is publicly listed on the Main Board of the Singapore Exchange Securities Trading Limited on 12th December 2005 and has been a constituent of the FTSE Straits Times Index, a.k.a blue chip status ever since. Their core business involves gaming and integrated resort development across Singapore, Australia, Malaysia, Philippines and United Kingdom. One of their flagship includes our very own major icon in Singapore – The Resorts World Sentosa (RWS) which is one of the largest integrated destination resorts in Asia and boasts world class attractions such as the casino, hotel...

 Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % Starhill Reit 263,900.00 202,824.00 Netlink Trust 187,620.00 First Reit 151,240.00 Manulife Reit   92,759.00 Hobee Land        300        753.00     1,000     1,000.00 900,096.00...

I received an email from a reader who has just started working about a year in his corporate career and he wrote to me asking the optimal allocation he should be allocating his monthly income to his Expenses, Savings and Investments. This is hard to answer because first I do not know him well enough to give a detailed answer and second his circumstances and priorities may differ from one person to another. So I’ll try to give my best answer as much as possible and will have to assume a few things from him. I assume he is...