EC World REIT is a very new Reit that was listed in SGX last year. Their IPO offer price was $0.81. The closing price as at 28 Apr was $0.76. Usually I would not look at a Reit without past few years' track record for reference. Also, I would not invest in a China company. However, as this Reit is riding on the booming of e-commerce, I decide to take a closer look. To be honest, I only just know recently EC refers to e-commerce. It was outside my radar during listing last year once I heard it was a China company. EC for Expensive China? π
Screenshot using My SGX App.
According to their 2016 Annual Report's Financial Highlights, the annualised distribution yield beats forecast by 0.9%. However, the current price is down by 4 cents. Investors who invested during IPO haven't seen a gain yet. If buy at current price is still cheaper than during IPO's price.
ECW currently owns 6 properties occupied by 35 tenants. The occupancy rate according to the report is 100%. Impressive. The gearing ratio is 27.6%, way below MAS's limit of 45%. There's definitely more acquisitions in the pipeline. It's supposed to be a World Reit, not just China Properties. π
Next is the part where I am confused. I don't understand how to derive the 7.5% distribution yield. If we use 2.454/0.76=3.23%. That's for 2 quarters of dividends. If annualised, shouldn't it be 3.23 x 2 = 6.46% instead of 7.5%? Hmm.My Maths got problem?
FY2020 is a year to watch out for. The lease expiry for that year looks scary and 3 of their properties are master leased.
I have created a weekly table comparison chart for the SReits under my watchlist. I am comparing the closing price change between last Friday and this week.
Most Industrial Reits has been lagging this week compared to Reits from other sectors. Overall, not a bad week for Reits.
If you are interested in the daily performance, below table shows the result. I have also updated the price of the individual counters over here.
Ah Lim's Kopi Chat is a short blog post that takes me just 5-10 min (time for me to finish a cup of coffee) to write and publish. It could be a rant, investment related or even non-related. In short, it could be anything. Short and simple. That's it.
This is an update on my earlier post on the LG G6 sales. Link here. I have received it earlier this morning. That's really fast! Delivery in 1 day.
LG Seal is still intact when I received it!
It does have a physical shop. However when I purchased it online, I got it even cheaper and I earned credit card points!
The phone looks really nice and small despite having a 5.7 inch screen. It feels light in the hand too.
The Good
FM Radio. It has an inbuilt FM Radio with record function. I prefer phones with inbuilt radio as it doesn't eat up mobile data.
No curved screen. Just because a screen can be curved doesn't mean we need it. A curved screen also means tempered glass will not fit nicely. There can be air gaps between the phone's screen and the tempered glass.
Dual-lens camera. 1 of the camera lens is wide-angle and both are 13 MP. Wider shot is possible. Take that S8!
Water and Dust Resistant (IP68). Nice to have since it often rains in our country.
Price. It is much cheaper compared to S8.
24 Months Warranty + Free case. All mobile phones should come with 24 months warranty since handphone recontract is 2 years. The free case is nice and it doesn't look cheap.
Fingerprint sensor's Position. It makes sense to have it below the camera lenses then next to it. It's easy to accidentally touch the camera lens and dirty it by having the sensor just next to the camera. S8's fingerprint sensor is just beside the camera.
64 GB Storage. The OS takes up 12.50 GB space.
The Bad
Notthe latest Processor. It is using Qualcomm Snapdragon 821 but not the latest compared to S8. However, our local S8 edition is using Exynos processor. This is not an issue for me as I don't play CPU intensive games.
Fingerprint sensor. I had some trouble setting it up initially. It seems fine now.
Fingerprint magnet. Not really an issue with the cover on.
Update: No wireless charging for SG version.
A reviewer preferring the LG G6
A reviewer preferring the Galaxy S8
For me, it's a Buy! Will recontract my mobile plan when the new iPhone comes out during end of the year. Sell it for a profit. π
Ah Lim's Kopi Chat is a short blog post that takes me just 5-10 min (time for me to finish a cup of coffee) to write and publish. It could be a rant, investment related or even non-related. In short, it could be anything. Short and simple. That's it.
Saw this offer today:
[$855.99](▼23%)[USE 100 DOLLARS COUPON]LG G6 | 64GB | 2 YEARS LG SG WARRANTY | FREE GIFTS
LIST.QOO10.SG
Good buy! I already ordered 1. Please click on the picture above so I can earn a bit of affiliate earnings. π. Remember to click on the $100 voucher to get the discount. Total cost after shipping is around $760. This is a local set with 24 months warranty from LG and includes a free cover. It costs $830 outside if pay by cash. When buy at Qoo10, can purchase with credit card and earn credit card points. Get it while stock lasts!
See? I really buy! Order shipped out the day I ordered!
Screenshot from My SGX App.I like to buy stocks when RSI and Stoch are near 20.
Screenshot from SGX website. Attractive yield of 5.39%.
Cash Flow from Operations in 2016 improve over previous 2 years.
XD on 2 May 2017. Will receive $150 hongbao from CSE on 19 May 2017.
CSE Global occupies just a small position in my portfolio. The dividend yield is acceptable to me for a non-Reit counter. Note: This is not a buy recommendation as I am not qualified to give stock advise. This is just my short diary to keep track of what and why I buy and you just happen to peep inside.
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P.S. I forgot to add the company does not have any long-term debt which is another plus. π
If you are currently a Soilbuild Business Reit's shareholder or interested in investing in this company, then you should take a look at their recent response to SIAS' query on their FY2016 Annual Report. The link for the attachment is here.
The current challenge for this Reit is the leasing of 72 Loyang Way. The previous tenant Technics Oil And Gas had defaulted on rent payment.Technic's security deposit has been used to cover the rent in the meantime and only left about 1 month of deposit left to draw down. The asset value of this property has been revised down by 33%. π
Taken from Annual Report 2016
Net Asset Value drops from $0.80 to $0.72
The good news for existing shareholders is JTC
has temporarily lifted the subletting requirements on 30% of the subject site’s gross
floor area (“GFA”) till end 2020. This provides the REIT an option to sublet 30% of the
GFA to non-anchor tenants. Currently, part of the premises is leased to 2 tenants, occupying 9.9% of the GFA. The info can be found in the attachment link I provided earlier.
Currently Soilbuild Business Reit makes up less than 4% of my cash stock portfolio. My average price is $0.72. I also use CPF OA to invest in Soilbuild Business Reit. However, I am separating my CPF and cash investments. The chart below only shows my stock portfolio using cash.
Next quarter's dividend yield should drop further. My forecast of 9.52% based on current price should be unachievable. Hopefully I could still receive at least 8% of dividend yield based on my purchase price of $0.72. As the Reit currently occupies just a small percentage of my portfolio, I am not overly concerned. In the meantime, I would just stay calm and keep collecting dividends.
Frasers Commercial Trust makes up close to 10% of my stock portfolio and is the second largest after M1. Here's a summary of their latest earnings report and what I have learned from their Presentation Slides.
Distributable income increases by 3.5% year-on-year. Sounds good? Generally, I would prefer to look at DPU as the shareholder pool may have increase over the 1 year period.
Fortunately, I am not disappointed. The DPU grew by 2.4% compared with a year ago. Good Job!
The improved results was due to better performance from Australian portfolio and stronger Australian dollar as shown below.
The properties of FCOT and occupancy rate are as shown below.
The Lease Expiry for FCOT's properties in FY17 is as shown below. It is not mentioned if HP would be renewing the 5.4% leasing that is going to expire. The uncertainty in HP leases expiry has been a concern for shareholders. HP has a built-to-suit facility with Mapletree at Telok Blangah Cluster that would be completed in second quarter of 2017.There has been speculations that HP would move to the new facility.Existing and potential investors should take note of this. The rent of $4.30 is low for Alexandra Technopark as compared to the other 2 local properties.
The positive rental reversion looks good especially for Alexandra Technopark if FCOT could renew existing leases or find new tenants.
Lease expiry for FY18 is very high. Something to watch out for. π
Alexandra Technopark is undergoing AEI currently and the works should be completed around mid-2018. Further positive rental reversion after AEI completed?
HP. Look what you could be missing if you move out.
As at 21/4/2017, FCOT's closing share price was $1.335. It is currently trading below it's NAV.
FCOT won 2 prestigious awards at The Global Good Governance Awards 2017. Congrats!
My past transactions for this stock is as follows. As you can see, I have been averaging down. For the past 3 quarters, I have opted to receive units in place of cash for dividends. The current closing price is about my average purchase price. I may opt to receive cash this time round if the offer price is above my average purchase price.
Screenshot from stocks.cafe. A very good site to keep track of your portfolio.
At current price of $1.335, the dividend yield is still very attractive among commercial Reits. My forecast yield for this year is 7.51%. The Management has done a good job so far in growing the DPU. Hopefully, they would continue to do so for the coming years and I would stay vested with this Reit that has good Governance. π
See how the DPU and yield has been growing over the years!
I have created a weekly table comparison chart for the SReits under my watchlist. I am comparing the closing price change between last Friday and this week.
If you are interested in the daily performance, below table shows the result. I have also updated the price of the individual counters over here.
Best performing Reit for today is Frasers L& L Trust (+3.03%) followed by CapitaR China Trust (+2.37%).
Ah Lim's Kopi Chat is a short blog post that takes me just 5-10 min (time for me to finish a cup of coffee) to write and publish. It could be a rant, investment related or even non-related. In short, it could be anything. Short and simple. That's it.
Have you ever wonder how much can a famous YouTuber make? These are the estimations and screenshots from the website Socialblade.com.
PewDiePie has over 54M subscribers as of today and he is a videogamer. People watch him playing games on YouTube for his commentaries and reactions. He also comments about other stuff besides video games.
Casey Neistat has over 6M subscribers. I have watched some of his videos and they are very well shot and edited. He films both indoor and outdoor videos and there are even shots taken using drone. Thumbsup! Casey owned a video company which he reportedly sold to CNN for a whooping $25M! He still has some collaboration work with CNN currently.
iJustine has over 3M subscribers and her channel is frequented by technology geeks. She talks about latest gadgets and does unboxing videos.
Very impressive earnings. They could even do it full-time. So how's our local YouTubers doing?
NOC has over 500K Subscribers. Unless our local YouTubers could attract foreign viewers, I feel the earnings from YouTube alone would still be limited to do it fulltime.
JianHao Tan has over 700K Subscribers.
Good luck and Jiayou, local YouTubers! Ok, I have overshot my timing for this blog post. Back to checking out foreign YouTube videos. π
I blogged Ascott Reit Rights Issue in a few earlier Posts (link here). I was entitled to 2320 Units and I applied for 7680 excess Units. I managed to get 3900 Units in total.
Together with my existing Units, I now have 11900 Ascott Reit shares. Ascott Reit is still below 10% of my stock portfolio. I try to keep each company holding below 10%. As of now, only M1 exceeds at slightly above 11%. of my overall portfolio.
Ascott Reit's closing price was $1.09 as at 13 April 2017. My purchase price for the Rights Issue was $0.919. However it was trading at around $1.17 before the announcement of Rights Issue. My average price for Ascott Reit is now $1.02. My dividend yield should be within 7 - 8%. The current yield should be lower than my previous forecast of 8.61% due to Units increase as a result of the Rights Issue.
Ah Lim's Kopi Chat is a short blog post that takes me just 5-10 min (time for me to finish a cup of coffee) to write and publish. It could be a rant, investment related or even non-related. In short, it could be anything. Short and simple. That's it.
Warning: This 9 min video is not for the faint-hearted. Extreme violence to a mobile phone is featured in this video.
The phone doesn't explode when put through extreme torture. Samsung, well done! You can declare explosion-proof as 1 of it's feature. It's a Buy!
I came across this piece of news this morning. (Source). Interesting. Apple wishes to get into film making business or produces exclusive TV content?
Disney currently owns the following franchise: Star Wars, Marvel, Muppets, Pixar and Pirates of the Carribean. They are all making money for Disney. We can take a look at Rogue One and Civil War's performance at the box office. Taken from IMDb.
Disney, Thanks for saving the Star Wars franchise! May the Huat be with Us!
These movie franchises are golden geese laying golden eggs for Disney. They have the knack for getting the right actors to play the part. They are also producing movie merchandises generating further profits.
My contribution tribute to Disney
They also have theme parks and resorts featuring their successful movie characters! Ka-ching!!!
So even without Apple acquiring Disney, Disney itself already has a successful business model.
Disney's share closing price as at 13 Apr 2017 is shown below. The dividend yield is low in my opinion. If I invest in US stocks, the tax on dividends is 30%. Ouch. I have not dug further into it's financials as I am not currently invested in any US stocks. If I am going to invest in any US stocks, this is the company which I would consider.
Ah Lim's Kopi Chat is a short blog post that takes me just 5-10 min (time for me to finish a cup of coffee) to write and publish. It could be a rant, investment related or even non-related. In short, it could be anything. Short and simple. That's it.
This is a very cool video where a guy builds an iPhone himself by buying parts separately in Shenzhen, China. Enjoy if you have 30 min to spare!
China also has roti prata leh. ζ±ε±±δΈιζ ，δΈε½δΊΊηθ‘。
I have created a weekly table comparison chart for the SReits under my watchlist. I am comparing the closing price change between last Friday and this week. For the few that managed to download my android app when it was available, I will include this feature. π
If you are interested in the daily performance, below table shows the result. I have also updated the price of the individual counters over here.
