My Personal Analysis of Frasers Logistics and Industrial Trust

Frasers Logistics and Industrial Trust has been the hot topic recently. Frasers Logistics and Industrial Trust is an industrial REIT focused on prime properties concentrated in major industrial markets in Australia.  IPO in 2016, the REIT has been generating an accretive yield for dividend investors. I considered the manager of the REIT to be aggressive as less than 2 years from its listing date (“20 June 2016”), the manager announced the acquisition of another 21 prime properties in Germany and the Netherlands on 20th April 2018. The acquisition was funded through a private placement which raised S$329 million. Read More

Starhill Global REIT Sells Nakameguro Place Property

Following my updates on Starhill Global REIT’s recent financial results ( Starhill Global REIT 3Q2017/18 Results Is Disappointing ) , the manager of the REIT has announced the divestment of one of its Japan properties. The divested property is located in the Nakameguro district and is a 4-storey building mainly for retail use. The property by asset value accounts for 8.6% of the Japan portfolio and 0.2% of Starhill Global REIT’s portfolio.

The property is valued at JPY 420 million (estimate S$5.1 million) but was sold for JPY 525 million. I consider it as a decent transaction. If you didn’t know, the property was acquired in 2007 together with 6 other properties in Tokyo for approximate S$182.5 million. The Nakameguro place property was one of the property within the Fund Creation Portfolio which was then owned by Fund Creation Co Pte Ltd. Read More

My Ethereum Mining Journey 4 Months Update

At that point when I build my Ethereum mining rig back in February, 1 ETH equals to roughly S$1,774.26. At the point of writing this post, 1 ETH roughly equals to S$962.80. Base on a weekly mining reward of 0.08064665 ETH generated from my Ethereum mining rig, I am able to mine a total of roughly 0.08064665 x 4 weeks = 0.3225866 ETH. Based on current price, this equates to S$307.88 per month. Of course, this is before the deduction of electricity costs. If I deduct away the cost of electricity (estimate S$95 monthly), the remaining profit is roughly S$212.88.

The price of Ethereum is extremely volatile. As you can see, the value of Ethereum fell by almost 50% since February. This month, we see the price of Ethereum recovering slightly back to the 1K price levels.

With Coinbase pulling the plug on Xfers, I have signed up for a new wallet with Coinhako. There are mixed reviews for Coinhako but this is the only cryptocurrency wallet I found in Singapore that supports Xfers. I personally like Xfers as it is extremely easy to cash out the profits from the sale of Ethereum to my bank account.

As the price of ETH remains depressed, I guess it might take longer for me to break even my initial cost of investment of 3K for my Ethereum mining rig.