Summary of November 2019 Transactions

In this month of November, I have made two stock transactions. The first is that I have subscribed to the rights offered by Mapletree Commercial Trust. I have applied for excess rights and gotten all the excess rights that I have applied for. This surprises me as based on past experiences, I never gotten any excess rights that I have tried to apply for. This is also given Mapletree Commercial Trust is such a popular REIT. With the addition of new units, you can see that Mapletree Commercial Trust now occupies 11% of my stock portfolio in terms of invested value.

You probably might be wondering which is the second stock transaction that I have made. I have purchased Frasers Commercial Trust at S$1.61. Based on the price of S$1.61, the current dividend yield is 5.57%. This is much more than the current month’s issue of the Singapore Savings Bonds whereby the interest rate has fell to a level beyond my interest. I have skipped this month’s purchase of Singapore Savings Bonds and placed my monies with Frasers Commercial Trust since the yield is much higher.

Moving ahead, I probably will refrain from purchasing Singapore Savings Bonds should the yield worsen. I shall look for pockets of opportunities in the current stock market in terms of dividend yield to make regular purchases.

One of the best features that I liked about Stocks Café is the report function whereby I can see the dividends that I have collected based on the stocks that I held in my stock portfolio. Since most of the dividends are in, I shall be sharing with you whether I have met my goal of 11K passive income next month.


Summary of October 2019 Transactions

Besides the regular monthly purchase of Singapore Savings Bonds, I have made no other buy or sell transactions. The effective interest rate for Singapore Savings Bonds is falling and I am expecting it to fall further. Fixed deposits are offering better interest rates as much as 1.7% p.a. for a 12 month fixed deposit but of course the minimum amount is much higher as compared to the minimum amount of S$500 for Singapore Savings Bonds.

I am looking forward to the preferential offering by Mapletree Commercial Trust. Today, I received the following notification:

  1. Launch of Preferential Offering and Despatch of Instruction Booklet and ARE to Entitled Unitholders Pursuant to the Preferential Offering
  2. Instruction Booklet dated 30 October 2019 in connection with the Preferential Offering

If you didn’t know yet, Mapletree Commercial Trust is acquiring MBC II and thus the preferential offering. Mapletree Commercial Trust currently makes up 9% of my stock portfolio. I shall be taking up the offer and thus you shall see the reflected changes in my stock portfolio the next month.

If you didn’t know, I have been diligently contributing to my Supplementary Retirement Scheme (“SRS”) for the benefit of tax rebates. Since the monies in SRS also earn very low interest, I also invest my SRS monies into Singapore Savings Bonds since I am unable to withdraw from SRS until my retirement age.

As the year is coming to an end in two months, I am looking forward to December whereby I shall be receiving my Annual Wage Supplement. This should give my war chest a boost. I have been performing routine screening for stocks but found nothing worth investing into yet. Even though the old saying “There is no right time to buy”, I believe in buying the right stock and at the right price.

That’s all for my October updates. See you next month!

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!