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Sheng Siong Reduce Manpower Woes with Self Payment Kiosk


Sheng Siong is one of my favorite company in my stock portfolio. It is such a fantastic growth company with zero debt. See how the stock continues the uptrend over the 5 year period. For Sheng Siong who is expanding aggressively by opening more and more stores in Singapore, hiring manpower for new stores is a continued challenge due to the current labour crunch in the market. This is also a common challenge among Jumbo and Breadtalk businesses where the nature of the business in the service industry is labour intensive.



Soilbuild REIT 3rd Quarter Financial Results A Sea of Red

Soilbuild REIT Logo

Following the completion of offering of preferential offering to acquire Bukit Batok Connection (Read more here), Soilbuild REIT announced its 3Q2016 financial results.

The financial figures are in the sea of red. Gross revenue fell 4.7% from 20.1 million to 19.7 million. Net Property Income (NPI) fell 2.9% from 17.8 million to 17.3 million. Distribution per unit (DPU) fell 13.9% from 1.625 cents to 1.399 cents.

(S$ ‘000)
Gross Revenue 19,731 20,701 (4.7%)
Net Property Income 17,264 17,777 (2.9%)
Distributable Amount 14,551 15,147 (3.9%)
Distribution Per Unit (“DPU”) (cents) 1.399 1.625 (13.9%)
Annualised DPU (cents) 4.521 4.873 (13.9%)


It is finally here! Phillip SGX APAC Dividend Leaders REIT ETF


Previously, I wrote about the first ETF (Exchange Traded Funds) made up of REITs. (SGX launches ETF made up of REITS) It is finally here!

Phillip SGX APAC Dividend Leaders REIT ETF will be listed on SGX on 20th October 2016. The initial offer period is between 5th October to 13th October 2016. Interested investors can find out more from their trading representatives.

The ETF is available in both US dollar (Primary currency) and Singapore dollar (Secondary currency). If you are interested in US dollar, the counter name is PHLP AP DIV REIT US$ and the stock code is BYI. If you are interested in Singapore dollar, the counter name is PHLP AP DIV REIT S$D and the stock code is BYJ. (more…)

Summary of September 2016 Transactions


This was a busy month for me at work and I have not bought or sold anything on the market. I have subscribed to Soilbuild REIT preferential offering (Soilbuild Launches Preferential Offering to fund Bukit Batok Connection Acquisition) and also applied for excess as well.

I have received my Soilbuild REIT shares and partially of the excess I applied for. Soilbuild REIT is now 4% of my stock portfolio in terms of value. With the proceeds from the preferential offering, Soilbuild REIT has completed the acquisition of Bukit Batok Connection. The stock price of Soilbuild Business REIT went up from S$0.685 to S$0.72. This is definitely a piece of good news for investors but we still need to observe if the REIT can hold the fort well. (more…)

Why Fed Decides Not to Increase Interest Rate


In the month of September 2016, the STI (Straits Times Index) was on a roller coaster ride. The chart below shows the STI trended down in the week of 12th to 15th September 2016 before resuming the uptrend.

I read in the news that the Fed will be holding the Federal Reserve Meeting on 21st September to decide on the interest rate hike. The speculation that Fed will raise interest rates has caused uncertainty in the stock market. (more…)