Summary of October 2018 Transactions

This is an exciting month as REITs start to announce their financial results. With the exception of Frasers Logistics and Industrial which will announce their financial results in November, Frasers Commercial Trust, Mapletree Commercial Trust, CapitaMall Trust and Parkway Life REIT has all announced their financial results.

I am happy that Frasers Commercial Trust managed to sustain 2.40 cents per unit for 4Q2018. At the current share price of S$1.43 and FY18 total distribution per unit of 9.60 cents, the yield is 6.71%. The other REIT with fantastic financial results was Mapletree Commercial Trust which reported a growth of 1.3% in Distribution Per Unit (“DPU”) to 2.27 cents.

I have yet to review CapitaMall Trust and Parkway Life REIT financial results but a quick glance shows that the Distribution Per Unit (“DPU”) for CapitaMall Trust has increased by 4.9% to 2.92 cents when comparing 3Q2017 and 3Q2018. Shopper traffic fell 1.8% though. Distribution Per Unit (“DPU”) for ParkwayLife REIT fell 4.1% when comparing 3Q2017 and 3Q2018 financial results.

Updates to My Wife’s Stock Portfolio

 

Basically, I have not added any new stock to my stock portfolio but I did add something new to my wife’s stock portfolio. I have applied for 10% worth of T2023 Temasek Bond for my wife but was only allocated 6%. If you have followed the news, the T2023 Temasek Bond was 8 times over subscribed (valid subscription amounting to S$1.68 billion where public offer was only S$200 million). I was slightly disappointed as I was hoping for a 100% allocation but instead was only allocated 60%. I believe moving ahead, there will be more opportunities.

The Straits Times Index (STI) fell below 3,000 points which opened up opportunities for dividend investors. I was thinking of investing into STI using my Supplementary Retirement Savings (“SRS”) since the STI offers a higher yield and I can afford to hold long term since the SRS money cannot be withdrawn until the age of 62.

As the year is left with 2 more months, just a reminder for those who wants to reduce their income tax next year can top up their SRS account for a tax reduction.

Last but not least, I have fully paid upfront my daughter’s tuition fee amounting to S$2000++ for the year 2019. One less expenses to worried about.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.