Saturday, 16 June 2018

My Application Results for Astrea IV Bonds

The application results for Astrea IV bonds is out! Good news for those who have applied. Even though the bond is 7.4 times over-subscribed, all valid applicants manage to get some or even full allocations. Those who applied $4000 or less would receive full allocations.

I also tried my luck in getting some even though I always waste $2 kopi money when it comes to applying IPOs. I didn't forsee I would get full allocations so I tried applying $11000. I expected myself to get at most $2000. I thought it could be a balloting process. If I applied $11k, I might join the second group where the competition would be lesser.



Much to my surprise, I got more than I expected. Thanks Temasek!


Saturday, 9 June 2018

My Preferential Offering Results for Frasers Logistics And Industrial Trust


The result is finally out! I bought 5000 shares of Frasers Logistics and Industrial Trust last month and was entitled to 500 shares. I applied for 9500 excess shares. So how many shares did I manage to get?


When I logged in to my CDP account, I saw a total of 6500 shares. I have received 1000 excess shares. My initial purchase price was $1.04. My average purchase price was brought down slightly to $1.025. The closing price on Friday was $1.04. Let's see how the share price will fare on Monday. The European properties acquisition was supposed to be yield accretive and non-dilutive at the PO price of $0.967. With that said, market could be irrational. Just look at recent drop in Netlink Trust's share price. Ceo had to go in support. Good luck to those who have also applied! Hope everyone can get more excess shares! Huat ar!


Saturday, 2 June 2018

My Forex Trading Journey Reboot


Why Forex

It has been a while since I last blogged about Forex Trading. What attracts me to Forex Trading:

1) It is as easy to go short on a currency pair as it is to go long, unlike stock.

2) It is possible to focus just on a few major currency pairs.

3) The Forex market is still open at night for those of us staying in Asia. US market has just opened. I can take positions before going to bed.

4)  No direct correlation to the stock market. Even if stock market is going down, it is still possible to make money from Forex trading. I view it as a form of diversification. 

Why I Abandoned My Previous System

I have abandoned my previous method of trading Forex as the way I traded requires me to sit in front of the computer screen and wait for the potential setup to appear. Below screenshot is a glimpse of how I would trade previously.

On a downtrend: Go short when both the yellow bar and red wave appears after a pullback.

Moving Forward...

The ideal trading system which I have in mind is some form of trigger system that could alert me when potential trade setup takes place. The alerts could be sent via mobile phone or computer audio. Upon a setup trigger, I would then head over to my computer screen and decide if I want to take the trade or not.

I recently came across an MT4 indicator that has the capability to achieve this. Unfortunately, it is not free. The methodology is a trend following system which means we will only follow the buy signals when the currency pair is on an uptrend, and vice versa. The alert signals would provide clear entry, stop loss and take profit prices. I am currently in the midst of testing the accuracy and whether the system would be profitable in the long run. I would provide more updates and do a review of the system if it turns out to be profitable through my demo testing. As always, Demo Trade First! 

P.S - Advertisers/Marketeers, please don't advertise your products/services on my blog without my permission. I will delete your posts.







Sunday, 27 May 2018

My Stock Dividend For May 2018

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Stock Portfolio (Cash)

The following companies will be contributing to my May 2018 Dividend Income:


Frasers Logistics & Industrial Trust and Silverlake Axis are 2 companies added to my share portfolio this month. My purchase price for Frasers L&I's shares was $1.04. I will be subscribing to it's Preferential Offering in the coming week. My purchase price for Silverlake Axis's share price was $0.53.  The company did share buyback  between 15th - 18th May. The CEO and 1 independent director also bought the company shares this month. Cache Logistics Trust and Starhill Global Reit are 2 companies that continue to give disappointing results. *Shake head*

Dividend income improve in May 2018 compared to previous Mays


Saturday, 5 May 2018

I Sold This REIT at a 27% Loss.

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

The REIT that caused me to lose so much is none other than Lippo Malls Trust. My purchase price was $0.44 and I sold it at $0.32 on Friday. The reason why I sold was due to the dismay quarterly result. I should have sold this REIT earlier. :(


Weakening Rupiah and new 10% tax contributed to the drop

Based on my purchase price of $0.44, my yield would not be attractive. It is not that hard to find a better REIT that could produce above 6% yield moving forward. The NAV as at 31 March 2018 was $0.30. The closing price as at 4-May-2018 was $0.32. The share price is currently trading above the NAV. With all the negativity surrounding this REIT, I feel there is a chance for the share price to drop further. With that said, $0.32 seems to be a current support line. The buy volume at $0.32 was also much higher than the sell volume at $0.325 when I sold on Friday. 

Things are not all grim at Lippo Malls Trust. Trivia question: Can you guess how much bonus the previous CEO received for FY2017 when she retired in March 2017? 

 


At least a million dollar was given for the CEO post for FY2017!!!



Salary 7% and Bonus 78%? How is that even possible? 8th Wonder of the World?! Best Employee of the Century?!

Saturday, 28 April 2018

My Stock Dividend For April 2018

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Stock Portfolio (Cash)

These are the companies that will be contributing to my April 2018 Dividend Income:




My dividend for April dropped year-on-year!

Compared to last year, I already sold off my M1 shares and thus would no longer be receiving any dividends from the company moving forward. 9000 shares at a huge loss. Thanks and Bye M1. I have also added Capitamall Trust and First REIT to my portfolio this year. I accumulated 5000 more shares in Frasers Commercial Trust in early April. My recent purchase price for FCOT was $1.41. My average purchase price for FCOT is now $1.3556. I find FCOT's share price is still attractive in terms of dividend yield, discount to NAV and gearing ratio. I may opt for scrip dividends moving forward if the share price remains attractive.

Dividends Dropping!!!

Monday, 9 April 2018

I Look at SPH REIT's 2Q FY18 Financial Results

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about SGX stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

SPH REIT recently released it's 2Q FY18 Results and I took a quick look at their presentation slides to see if it's worth investing at current price. I am not vested currently.




2 Properties to Rule Em all : Paragon and Clementi Mall

2Q DPU remains steady y-o-y at 1.4 cents

Gearing of SPH REIT is still fairly attractive at 25.4% in comparison to other local Retail REITS. However NAV is $0.94 and closing share price as at 9-4-2018 was trading above this value at $1.00. Honestly, I would not pay a premium price for SPH REIT.

NAV is $0.94 and Gearing is 25.4% 

On the positive side, both properties continue to achieve 100% occupancy. However, rental reversion was negative for both properties.


Seletar Mall a possible candidate for acquisition

Important dates

The pdf link for the presentation slides is available at this link: here

The current dividend yield based on current closing price of $1: 0.0553/1 x 100 = 5.53%
Assumption given that they could maintain the same DPU as previous year. In my opinion, the current dividend yield doesn't make it more attractive compared to other retail REITs. There also isn't any WOW factor in their presentation slides that make me want to invest in this REIT.