CapitaLand Mall Trust 1Q2018 Financial Results and Divestment of Sembawang Shopping Mall

CapitaLand Mall Trust, Singapore’s first and largest retail REIT has recently announced a decent set of 1Q2018 financial results. I shall not dwell too much into its financial results as you can judge them yourself based on the results below but all I can say is that I am happy to see Distribution Per Unit (“DPU”) increase by 1.8%.

CapitaLand Mall Trust currently makes up 12% of my stock portfolio and I am excited to receive higher dividends quarter on quarter.

1Q2018
(S$’000)
1Q2017
(S$’000)
Change
Gross Revenue 175,164 172,023 1.8%
Net Property Income 125,651 120,060 4.7%
Distributable Income 98,963 96,973 2.1%
Distribution Per Unit (“DPU”) (cents) 2.78 2.73 1.8%

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Kingsmen Creatives Awarded Contracts Worth $22 Million

On 13th April 2018, I receive an email notification about Kingsmen Creatives that they have been awarded with contracts worth $22 million for National Day Parade 2018 and National History Event. Despite the good news, it seems that the market did not react positively. As you can see from the chart above, the stock price of Kingsmen Creatives remains flat below 60 cents. The stock market is really irrational.

According to the announcement, the contracts comprise the National Day Parade 2018 and the National History Event valued at S$3 million and S$19 million respectively. The contract for the National Day
Parade 2018 involves the build and fabrication of the temporary stage set infrastructure and supporting structures at The Float @ Marina Bay and is expected to be completed by 2018. Read More

4 Tips To Help You Achieve Your Sweet Retirement

Below are some of the tips I have been practicing and I hope it helps you to achieve your sweet retirement. Please feel free to share more tips with me in the comments below.

#1 Invest For Passive Income

If you have followed my blog, you know that I am a dividend investor. As a dividend investor, I collect dividends from stocks that I bought, accumulate cash and re-invest them. Occasionally, I will do a stock take of how much cash I have on hand versus the amount I invested (Seventy Four Percent Invested, Twenty Six Percent Cash). I try to maintain at least 30 percent cash versus 70 percent investment. Anything above 30 percent, I will invest them if opportunity arises. If there is no current opportunity, I will park the cash in Singapore Savings Bonds which I think is an excellent place to keep your war chest as you can redeem the bonds anytime.

I have not been investing for a few months now as I am building my cash position towards the 30 percent mark.

#2 Transfer Your Monies From CPF Ordinary Account to Special Account

As a monthly routine, I have been transferring my monies from my ordinary account to my special account. Monies in the special account earns you a higher interest p.a. For more details of the interest rates, you can refer to the CPF website.

#3 Buy What You Need Not What You Want

I learnt to buy what I need and not what I want. There are endless things that I desire and wanted. My “Wants” are never enough. Nowadays, when I wanted to buy something, I will always ask myself whether do I need that thing that I wanted to buy and after I bought it, will I use it often? This allows me to be more conscious in my spending. For these few months, most of my monthly spending is on basic necessities such as food and toiletries. This also helps to make my home less cluttered as I avoided buying things that I do not need such as a new pair of shoes (P.S. I already have 3 pairs of shoes).

#4 Contribute to Supplementary Retirement Scheme

I contribute to the Supplementary Retirement Scheme (SRS) account. Although the interest rate is pathetic, it helps to reduce your income taxes.