Author: My Sweet Retirement

Astrea V 3.85% Class A-1 Secured Bonds

The IPO of Astrea V 3.85% Class A-1 Secured Bonds is probably the hottest talk among financial bloggers recently. I am not an expert into bonds and thus am unable to provide any analysis on whether on not you should apply for Astrea V Class A-1 Secured Bonds. Unlike the T2023 Temasek Bond which is guaranteed by Temasek, The bonds are not guaranteed by any entity, including Temasek. Here are some basic information should you be interested to apply for the bond. Principal Amount: S$315 million Interest Rate:  3.85% Application Start Date/Time: 12 June 2019, 9am Application Close Date/Time: 18...

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July 2019 Singapore Savings Bonds is 2.16%

This post came late as I was taking a short break from blogging last week. Coincidentally, at the point of writing this post, Astrea V Pte Ltd lodged their Astrea V Bonds final prospectus today that offers 3.85% p.a. Even though the interest rate offered by Astrea V Bond is higher as compared to Singapore Savings Bonds, Astrea V Bonds are far more complex to understand as compared to Singapore Savings Bonds. For those that wanted a risk free investment without much thinking involved, I will recommend to buy Singapore Savings Bonds. For those still keen in Singapore Saving...

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Summary of May 2019 Transactions

Besides the regular purchase of Singapore Savings Bonds, I have not bought nor sold any stocks this month. I did a recent analysis of Manulife US REIT after the results from my last screening for dividend stocks showed that Manulife US REIT has a dividend yield of 8.736%. I almost jumped into this stock. However, with the recent price run up, I computed the current dividend yield to be 6.63% based on the current share price of US$0.84 and this halted my decision. I personally felt that there is not enough margin of safety to enter Manulife US REIT...

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My Personal Analysis of US Manulife REIT

In my last screening for dividend stocks, US Manulife REIT appeared top in the results with 8.736% dividend yield. This has got me interested to drill deeper and understand this REIT further. On a high level note, Manulife US REIT is a Singapore REIT established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States, as well as real estate-related assets. Manulife US REIT was listed on SGX on 20 May 2016 and is the first pure play US office REIT to be listed...

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Its Not Fair, I Deserve The Promotion

Our performance appraisal is around the corner. The appraisal outcome also determines our fate whether we are getting the job promotion and the performance bonus that we deserve. How many times have you felt this way at work when you saw someone else got promoted at work but not you? At my current workplace, I often heard of my colleagues grumble about how hard they have worked for many years but not gotten the promotion that they deserved. Most of them had quit the company to pursue a position elsewhere. One colleague left my current company recently for the...

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Mapletree Commercial Trust Declares DPU of 2.31 cents for 4QFY18/19

I consider this as one gem I have in my stock portfolio. Mapletree Commercial Trust currently makes up 10% of my stock portfolio. On 23rd April 2019, Mapletree Commercial Trust announced their 4QFY18/19 financial results. 4Q FY18/19 gross revenue and Net Property Income (NPI) grew 3.7% and 3.9% respectively. Income available for distribution was up 3.1%. Here are the 4QFY18/19 financial results compared with 4QFY17/18. 4QFY18/19(S$’000) 4QFY17/18(S$’000) Change Gross Revenue 112,899 108,880 3.7% Net Property Income 87,560 84,285 3.9% Distributable Income 66,861 64,839 3.1% Distribution Per Unit (“DPU”) (cents) 2.31 2.27 1.8% All financial results are positive! Here are...

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Frasers Logistics and Industrial Trust Declares DPU of 1.76 cents for 2QFY19

Frasers Logistics and Industrial Trust currently makes up 14% of my stock portfolio and 20% of my wife’s stock portfolio. On 26th April 2019, Frasers Logistics and Industrial Trust announced their 2QFY19 financial results. The manager has declared a Distribution Per Unit (“DPU”) of 1.76 cents. This was a 2.8% decline as compared to 1.80 cents in 2QFY18. If we looked at the Distribution Per Unit (“DPU”) in Australian cents, the Distribution Per Unit (“DPU”) was 1.82 cents as compared to 1.70 cents in 2QFY18 which was 7.1% higher. The reason for lower Distribution Per Unit (“DPU”) in Singapore...

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Screening For Dividend Stocks In May 2019

I have recently added SPH Reit to my wife’s stock portfolio which has been on my watch list for quite some time. It is time to hunt for dividend yielding stocks to add to my watch list so that I can add them to either my or my wife’s stock portfolio when the opportunity arises. One of the ways to hunt for dividend yielding stocks is to ran a stocks screener. I am currently using Stocks Cafe Stocks Screener as it allows me to save the conditions I have set to screen for dividend yielding stocks. Here are the...

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DBS Multiplier Account Just Got Bigger

I have previously wrote about Why I Switched to DBS Multiplier Account in the year 2017. If you can remember, the main selling points of the DBS Multiplier Account are No minimum salary credit No minimum credit card spend After two years, I am glad there are changes to the DBS Multiplier Account which in my personal opinion are excellent changes as I get to earn higher interests without doing anything. Previously, DBS Multiplier Account holders only get to earn higher interest rate on your first S$50,000. With the change, you can now earn higher interest rates on your savings...

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June 2019 Singapore Savings Bonds is 2.13%

The effective interest rate for June 2019 Singapore Savings Bonds (GX19060S) is 2.13% if you held it for 10 years. The interest rate is the lowest for the past 12 months. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know yet, SRS applications for Savings Bonds open from March and individual limit has doubled to $200,000. I personally felt that the introduction of SRS application for Savings Bonds is an excellent initiative as the SRS...

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Summary of April 2019 Transactions

My stock portfolio remained unchanged for the month of April as I did not make any buy or sell transactions this month other than the regular purchase of setting aside a portion of my monthly salary to purchase Singapore Savings Bonds. It seems to have become a habit and Singapore Savings Bonds currently make up 18% of my stock portfolio. My expenses went up this month due to renewal of car insurance, road tax, car servicing and changing of my car tires. Despite spending so much this month, I am glad my finances are doing well due to good...

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My Personal Analysis of Keppel DC REIT

One REIT caught my attention recently. This is none other than Keppel DC REIT. While most REITs invest mainly in retail, industrial, commercial or hospitality, Keppel DC REIT is the first REIT that purely invests in data centres. Since it is the only data centre REIT, I decided to do some research and see if it is worth investing for long term dividends. Now, what is a Data Centre? One slide from Keppel DC REIT’s Investor Presentation says it all. Basically, it is a building with facilities that house servers and network equipment, supporting clients’ critical business operations. The...

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Capitaland Mall Trust Annual General Meeting (2018 Overview)

Capitaland Mall Trust has just held their Annual General Meeting (AGM) on 11th April 2019. Capitaland Mall Trust currently makes up 11% of my stock portfolio. Basically, they are covering an overview of 2018. FY18 financial highlights from the Annual General Meeting (AGM) includes the increase of distributable income to S$410.7 million, increase of distribution per unit to 11.50 cents and increase of Net Asset Value (NAV) to S$2.02. FY2018(S$’000) FY2017(S$’000) Change Gross Revenue 697,521 682,469 2.2% Net Property Income 493,548 478,234 3.2% Distributable Income 410,675 395,824 3.8% Distribution Per Unit (“DPU”) (cents) 11.50 11.16 3.0% Occupancy Rates Occupancy...

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OUE Hospitality Trust and Commercial REIT Merger

There was a trading halt for OUE Hospitality Trust on 8th April 2019 and investors like me who are vested in OUE Hospitality Trust smell something fishy. The announcement came shortly. The respective managers of OUE Commercial REIT (“OUE C-REIT”) and OUE Hospitality Trust (“OUE H-Trust”) jointly announced the proposed merger of OUE C-REIT and OUE H-Trust (the “Proposed Merger”). With the merger, the total assets will increase to approximately S$6.8 billion, making it one of the largest diversified S-REITs (Office and Hospitality). The managers cited the following reasons for the proposed merger: Creation of one of the largest...

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Guide to My Savings Bonds Portal

If you didn’t know yet, the My Savings Bonds portal is ready. This means that you no longer have to log in to Central Depository Pte Limited (CDP) to view your Singapore Savings Bonds holdings. I am currently using Stocks Cafe to manage my stock portfolio and Singapore Savings Bonds but the My Savings Bonds portal will serve handy if I only want to view my Singapore Savings Bonds holdings excluding my stock purchases. When you purchase Singapore Savings Bonds (E.g. via internet banking), the portal automatically gets updated with your purchase once the ballot results are announced. Through...

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