Summary of September 2019 Transactions

This month, OUE Hospitality Trust has disappeared from my stock portfolio due to its merger with OUE Commercial Reit. After the merger, OUE Commercial Reit makes up 3% of my stock portfolio. I am not sure if there is anything to applaud with regards to the merger as I am not familiar with OUE Commercial Reit. For now, I am not doing anything until I find time to look into the assets of OUE Commercial Reit.

I know there is a hype about the IPO of LendLease Commercial Reit recently. The IPO ends today and I am giving it a miss after much consideration. There is only two assets in its portfolio which is 313 Somerset and Sky Complex. There is a possibility the manager will inject more properties into this Reit in the future such as Parkway Parade or Paya Lebar Quarters. For now, I am keeping watch on this Reit as the concentration is mostly on 313 Somerset.

I continued my monthly screening for dividend stocks using Stocks Café and did one personal analysis of Haw Par Corporation Limited. Haw Par did not qualify my criteria of a dividend stock as the dividend yield is too low. Hopefully I am able to find a good dividend yielding company over the next few months.

One good news I received is the proposed acquisition of Mapletree Business City Phase II by Mapletree Commercial Trust. There will be a boost of dividends if the acquisition manages to go through.

That is all the updates that I have!

Summary of August 2019 Transactions

Today is the last day of the month of August 2019. As usual, I am stock taking my stock portfolio. When the stock market fell this month, I tried to find an opportunity to make a purchase but unfortunately, I didn’t find anything that was attractive.

Frasers Commercial Trust continue to held steady at the price range of S$1.58 to S$1.64. Given the risk of Microsoft vacating its premises which I wrote about recently, this is pretty quite a risk to jump in at this price and moment even though its Distribution Per Unit (DPU) head steady at 2.40 cents. (Read more: Frasers Commercial Trust Maintain DPU of 2.40 Cents)

I was fortunate that most of my major holdings did well (SPH REIT, Mapletree Commercial Trust, Frasers Logistics and Industrial Trust, ST Engineering, Parkway Life REIT, CapitaMall Trust) and those that didn’t do well (Kingsmen Creatives, OUE Hospitality Trust) are minority among my stock holdings.

The hospitality sector is expected to remain weak this year and I would have sold off OUE Hospitality Trust if not given its quality assets and its recent announced merger with OUE Commercial Trust which may or may not renewed its life.

As for my wife’s stock portfolio, Starhill Global REIT credit rating was downgraded yesterday to ‘BBB’ given the lack of prospects and weakened rental income for the next few years.

Last but not least, I have continued to add on to my Singapore Savings Bonds since I have no alternative place to park my month allocated money for investment. This is despite the super lousy interest rate that it offers in the latest issue. (Read more: September 2019 Singapore Savings Bonds is 1.95%) The sum that I have is too little to buy any Endowment Plans and honestly, I dislike the lock in period for 3 years. (Read more: NTUC Capital Plus Versus Singapore Savings Bonds Versus SPH REIT )

I will unlock my war chest once I find an opportunity!

Summary of July 2019 Transactions

I have not made any buy or sell transactions this month except for my regular monthly purchase of the Singapore Savings Bonds. The effective interest rate for August 2019 Singapore Savings Bonds (GX19080E) is the lowest at 2.01% for the past 12 months if you held it for 10 years. Fixed deposits interest rates seem to have beat the Singapore Savings Bonds interest rate. (Read more: The Best Fixed Deposits of July 2019 )

As you can see above, Singapore Savings Bonds have taken up a major share of my stock portfolio. While some may argue that I should have invested those monies in Singapore Savings Bonds for REITs for higher returns, my decision is still to park those monies aside as an emergency fund when the need arises such as a job retrenchment etc.

While building up my stock portfolio for retirement, I have not forgotten to contribute back to the society. This month, I made a minor contribution to the Children’s Cancer Society using monies I earned from the advertisements that was served on this blog. The amount is small but I hope it makes a difference to those children.

At the point of writing, the following REITs have declared ex-dividend:

  • SPH REIT (Ex date: 18 Jul 2019, Pay date: 22 Aug 2019)
  • Frasers Commercial Trust (Ex date: 29 Jul 2019, Pay date: 29 Aug 2019)
  • CapitaMall Trust: (Ex date: 30 Jul 2019, Pay date: 29 Aug 2019)

There has been a lot of uncertainty in my current job at my current company. This means I may hog on to more cash savings moving forward. In the event I lose my job, I will need at least 3 months of emergency fund (SSB + savings) while looking for a new job. I hope that doesn’t happen.