CompoundingDividendxDividend

New milestone - $600,000 portfolio

2026-08-29T23:21:54.549+08:00

New milestone achieved!

My stock portfolio market value crossed $600,000 in July 2026.

$100k (Dec 2017) -------> $200k (Apr 2020) ---> $300k (Nov 2020) --------------------> $500k (Sep 2025) -----> $600k (Jul 2026)

As of 31 Jul 2026

No.	Counters	No. of Shares
1	Frasers Centrepoint Trust (FCT)	46,900
2	Mapletree Industrial Trust (MIT)	72,400
3	Lendlease Reit	96,190
4	Link Reit	28,911
5	Sembcorp	12,000
6	CapLand Ascendas REIT	20,000

1) New milestone - $100,000 portfolio

2) New milestone - $200,000 portfolio

3) New milestone - $300,000 portfolio

4) New milestone - $500,000 portfolio

SOLD: Mapletree Industrial Trust (MINT worth $140k) after attending AGM2026

2026-08-12T01:12:01.559+08:00

Sold 72,400 shares of Mapletree Industrial Trust (MINT) on 4 Aug 2026 at $1.94.

Total profit (including dividend) is $2545.80 (1.6%) for 4 years 8 months.

This is the 2nd stock I had decided to sold off after attending the AGM. The previous was MM2 which you should know what had happened to the company.

Reason for selling:

Fundamental of MINT North America Data Center assets are rotten + Board & Management doesn't seem to have much experience in Data Center.

North America Data Center assets are 46.5% of whole MINT AUM.

It is super unreasonable to be having PB1.19 (NAV as of 30 Jun 2026 is $1.63)

If I remember correctly, JPMorgan is the first to publish about this potential rotten North America Data Center asset in Feb 2025.

I wanted to sold off MINT after I attended the AGM in 2025. However, since Lily Ler only became the CEO of MINT in July 2024 and I like how straight forward (no sugar coating style) and her attitude in her replies in AGM 2025, I had decided to give her 1 year time frame to see if there is any magic will happens.

Unfortunately, it seem to confirm that the rotten North America Data Center are beyond hope.

What MINT did not tell you is they purchased this Philadelphia Data Centre at USD70M (Based on Annual Report 24/25 pg 45). As such, MINT selling this at 79% loss based on purchase price.

Refresh your memory again that MINT PB is at 1.19 (19% Premium). Going by this simple math, they should sell this Philadelphia Data Centre at USD83.3M instead to breakeven.

This is not the only North America Data Centre asset with such a big loss in valuation. I will let you refer to Annual Report 25/26 pg 50 to 53 for more horror reading.

In Oct 2025, "Mapletree Industrial Trust to divest up to S$600 million of assets over next two years", with a focus on its North American portfolio.

Since Oct 2025 till Aug 2026, only 1 North American asset had been sold. And it is sold at 79% loss to purchase price.

Now in Apr 2026, "Mapletree Industrial Trust to divest up to S$600 million of North America assets, eyes Japan and Europe for growth".

Based on Valuation as of Mar 2026 in Annual Report 25/26 pg 53, it is 15% of the whole North America Data Centre asset portfolio.

What will happen to DPU?

Is there even buyer who doesn't low ball their North American asset? If being low ball, it could be as high as 25% of whole North America Data Centre asset portfolio needed to be divested.

Buy high sell low and buy high on Japan/Europe asset?

Beside the North America Data Centre assets, my personal feeling after attending AGM2025 & AGM2026 is it seem to tell me that Board+Management are not even experience in Data Centre. I rather they stick to their core expertise of Hi-Tech & Industrial Buildings.

As such, I do not want to be frog in a slowly boil water as first warning had been surfaced as early as Feb 2025.

MINT is not out of the woods and I am not sure how many years it required to get out of the wood.

1) SOLD: MM2

2) MM2 AGM 2019

New milestone - $500,000 portfolio

2025-09-03T22:45:00.000+08:00

New milestone achieved!

My stock portfolio market value crossed $500,000 on 1 Sep 2025.

$100k (Dec 2017) -------> $200k (Apr 2020) ---> $300k (Nov 2020) --------------------> $500k (Sep 2025)

Unfortunately, I don't seem to have blog about the $400,000 milestone.

As of 3 Sep 2025

No.	Counters	No. of Shares
1	Frasers Centrepoint Trust (FCT)	46,900
2	CapitaLand Integrated Commercial Trust (CICT)	46,613
3	Mapletree Industrial Trust (MIT)	49,400
4	Link Reit	9,149
5	Wilmar	20,000
6	Lendlease Reit	96,190

1) New milestone - $100,000 portfolio

2) New milestone - $200,000 portfolio

3) New milestone - $300,000 portfolio

Added: Wilmar International Limited

2025-08-01T23:23:00.000+08:00

Added 20,000 shares of Wilmar at $2.93 on 1 Aug 2025.

Reason for buying:

1) 5 Years low

Wilmar usually trade between $3 to $3.20 range for the past 1 year.

Due to Indonesia Court case (link), its share price did went down to 52w low of $2.87

2) Insider trade

Source: ChatGPT

It is good to see the price you buy is lower than Insiders (Mr Kuok Khoon Hong is the Chairman cum CEO of Wilmar).

3) Undervalue

Wilmar have been an undervalue stock for many years. Undervalue stock can remain undervalue for looooong time. Patience Patience Patience

4) 5.5% Dividend Yield

SOLD: CapitaLand Investment (May 2025) & Added: Mapletree Industrial Trust (May 2025)

2025-05-10T01:01:00.001+08:00

Sold 16,500 shares of CapitaLand Investment on 6 May at $2.60

Total profit (including dividend) is SGD 5157.05 (13%) cash + 513 CICT shares (special dividend-in-specie of 0.031 CICT units per share) for 1 month.

Reason for selling:

1) Lock in profit

Main reason for selling within 1 month is purely to lock in profit. One shouldn't be too greedy especially when CLI shares price always go up down up down.

This year price trend seem to mirror 2024 where I also bought in April 2024 and sold it in Jun 2024 for a 11% profit for holding it just for 2 months period.

2) Once per year dividend

CLI only declare dividend once per year. Given that it went XD on 5 May, it will be 1 year wait for the next dividend to come.

Added 21,200 shares of Mapletree Industrial Trust (MIT) on 6 May at $2.02

This bring my total holding of MIT to 49,400 shares.

Reason for buying:

1) Average down my MIT price

I first bought MIT in 12 Jan 2022 at $2.59 and another major bought in 20 May 2022 at $2.43.

Over the years, I had been subscribing to almost all of MIT dividend reinvestment plan (DRP).

Unfortunately, even with dividend add in, i am still on paper loss.

2) Quarterly dividend

MIT are one of the few stocks left who pay out dividend quarterly.

MIT is 6.7% dividend based on $2.02 share price.

3) MIT geography

Given that 47.6% of AUM are based in Singapore + 45.6% of AUM are data centres based in North America, i quite like this combo as it provide me the quality assurance.

4) Good Performance in FY24/25

In term of performance, I feel MIT had done very well as compare to other REITs.

The only performance which MIT did not perform well is its share price.

1) Added: CapitaLand Investment (Apr 2025)

2) Added: CapitaLand Investment (Apr 2024)

3) SOLD: CapitaLand Investment & Added: Link REIT

4) Mapletree Industrial Trust (MIT) AGM 2022

5) Added: Mapletree Industrial Trust (Jan 2022)

Added: CapitaLand Investment (Apr 2025)

2025-04-10T18:39:00.000+08:00

Added 16,500 shares of CapitaLand Investment (CLI) at $2.39 on 9 Apr 2025.

Reason for buying:

1) 52w low

2) 18 cents dividend

Based on my purchase price at $2.39, 18 cents dividend is 7.5%.
XD on 1 May 2025 and payable date on 13 May 2025

3) Shares buyback

CLI had performed shares buyback on 8 Apr ($2.48) & 9 Apr ($2.43 ~ $2.44)

1) Added: CapitaLand Investment (Apr 2024)

2) SOLD: CapitaLand Investment & Added: Link REIT

SOLD: CapitaLand Ascendas REIT

2025-04-09T23:19:00.000+08:00

Sold 16,000 shares of CapitaLand Ascendas Reit on 1 Apr at $2.72

Total profit (including dividend) is SGD 3332.99 (8.07%) for 4 months.

Reason for selling:

1) To raise cash to purchase Fraser Centrepoint Trust PO

FCT was trading at above $2.15 prior to 1 April and with FCT PO price at $2.05, it make sense for me to apply for the PO + excess.

9 April Afternote:

I was so lucky to dodge a bullet when the Global stock market was in a meltdown due to Trump Tariff shortly after I sold Ascendas REIT.

This SGD40k+ came very handy to be in my warchest to allow me to scoop up stock cheaply.

1) Added: CapitaLand Ascendas REIT

Added: CapitaLand Ascendas REIT

2024-12-10T23:57:00.001+08:00

Added 16,000 shares of CapitaLand Ascendas REIT at $2.57 on 9 Dec 2024.

Reason for buying:

1) Close to 52w low

2) High positive Rental Revision

3) Dividend 5.8%

4) Majority of assets in Singapore

5) Largest REIT for Industrial industry and 2nd largest in S-REIT

SOLD: Keppel DC Reit

2024-11-26T19:42:00.002+08:00

Sold 17,500 shares of Keppel DC Reit (KDC) on 25 Nov at $2.36

Total profit (including dividend) is SGD 5957.74 (14.9%) for 2 years 10 months.

Reason for selling:

1) 3.9% dividend for my $2.28 entry price

In today high interest rate, it doesn't make sense that KDC only paying me 3.9% dividend based on my $2.28 buy price.

2) Data Centre risk profile increases

There are a few high profile data center tenants bankruptcy news which affected a few major DC players, including Keppel Data Center. As such, data center REIT are not that safe heaven as what many thought would be.

KDC was affected by GUANGDONG DATA CENTRES 1, 2 & 3 & DXC Technology Services Singapore Pte. Ltd. (“DXC”).

1) Added: Keppel DC Reit

2) Keppel DC REIT AGM 2022

Avoid these 4 mistakes when collecting your VEP RFID tag in Paradigm Mall (JB, Malaysia)

2024-11-05T19:53:00.001+08:00

Wef from 1st Nov 2024, you can collect your VEP RFID tag in Paradigm Mall.

Mistake 1: Do not enter the first parking entrance. Instead, turn right and drive toward the Hotel parking entrance.

Continue drive straight all the way

Turn Left into the Hotel carpark

Drive very slowly. Steep slope from Level 1 to Level 7.

Look like Roller coaster scene right? :p

Mistake 2: DO NOT join the Q first. You need to get your documents verified at the VEP counter.

If you are alone, park your car and walk toward the top left corner of the mall entrance (near Level 7 cinema).

Recommend to park near the car park gantry if there is a super long Q (especially on weekend), else you will be stuck in the jam trying to drive in and stuck in the jam again trying to drive out to join the Q.

If you have someone else in the car, ask them to walk toward the top left corner of the mall entrance (near Level 7 cinema) to get Q number.

Mistake 3:Did not print out hardcopy of your appointment slip + passport.

They charge RM4 per piece if you did not print out the required documents.

Once they verified your appointment slip, the staff will sign on the appointment slip.

You can go back to your car and join the Q.

When you are the first 2 cars of your line, you need to align and collect your physical VEP RFID tag at the counter on the top right corner.

One of the staff will help you paste the VEP tag inside your windscreen.

Mistake 4: Do not throw away the serial number slip.

You are to follow the instruction to activate the VEP tag on your own.

SOLD: CapitaLand Investment & Added: Link REIT

2024-06-26T11:33:00.000+08:00

Sold 10,000 shares of CapitaLand Investment (CLI) on 21 Jun at $2.66

Total profit (including dividend) is SGD 2819.94 (11.33%) for 2 months.

Reason for selling:

1) Growth stock

As mentioned when I bought it on 18 Apr, CLI is a growth stock rather than dividend stock. Thus, wont be holding it for long term. CLI only declare dividend once per year.

2) Daily share buyback but share price going sideway

I agree that CLI is currently undervalue. Thus CLI had been performing "almost" daily share buyback since they announced their financial report. With this daily share buyback activity, share price remain sideway. What if CLI stopped their daily share buyback activity, the share price will _____

3) Use the fund to buy into LINK Reit

Selling off CLI to buy into Link Reit

Added 5,000 shares of Link Reit on 21 Jun at HKD31.85.

This bring my total holding of Link Reit to 8,185 shares.

Reason for buying:

1) 5 yrs low

2) Dividend 8.2%

Link Reit declare dividend twice per year. They offer Scrip options for the last 2 dividends + current dividend (xD 27 Jun 2024).

I had subscribed to their last 2 scrips and will be doing the same for this upcoming scrip too. The bad thing about their scrip is they do not offer any discount for their scrip price :(

3) PB 0.45

4) "A" mark in report book

1) Added: CapitaLand Investment (Apr 2024)

2) Added: Link REIT (Jun 2023)

Added: CapitaLand Investment (Apr 2024)

2024-04-24T16:26:00.000+08:00

Added 10,000 shares of CapitaLand Investment (CLI) at $2.48 on 18 Apr 2024.

Reason for buying:

1) 52w low

Trying my luck to queue at $2.48 when the share price was hovering around $2.52 at that time.

Their restructuring launch price was $2.95 on 20 Sep 2021

2) Share buyback in Jan 2024

CLI did 11 days of share buyback in Jan 2024 alone.

The share buyback price range between $2.90 to $3.01

3) 12 cents Dividend

At my buy price of $2.48, 12 cents dividend is 4.8% going XD on 2 May 2024. Although the dividend is nothing to shout out loud, I will treat it as a bonus. Dont think I will be holding this for long term as this is more of a growth stock play rather than dividend play.

4) Doubling their FUM to S$200B in 5 years

CLI have been on asset light approach few years back and have set a new target of S$200B in 5 years time. This will improve their recurring fee. Doubling from $100B to $200B FUM within 5 years is quite aggressive.

5) PB 0.9

Based on their divestment history, CLI always manage to divest their asset at a premium %. This would mean their NAV was conservative.

1) Added: CICT (Sep 2023)

2) Added: CICT (Mar 2023)

[CNY Angbao] $20 Lendlease evoucher

2024-01-13T21:26:00.000+08:00

Sign up Lendlease app can get $20 evoucher for free to use at Lendlease shopping malls (Jem/ Parkway parade / PLQ / Somerset 313)

1. Download Lendlease app

2. Sign up and use referral code 'gW7Gjt' when signing up or click on this link: https://lendleaseplusapp.page.link/LA5vHit7FaevNSZs5

Can be use in shops such as NTUC / IKEA / Donki

Lendlease REIT AGM 2023

2023-10-31T20:25:00.002+08:00

Lendlease REIT held their AGM on 31 Oct 2023 at 2pm.

Shareholders questions were answered before the actual AGM. You can view Lendlease REIT responses here.

For the AGM slide, you can view them here.

There is nothing special in the AGM slide, so will skip that.

In general, today AGM is quite peaceful as the questions asked in the AGM are quite friendly and Mr Kelvin Chow (CEO) did answer each and every questions well. Well Done Mr CEO :D

Note: What puzzle me is CFO is not seated on stage, not sure if he is present today.

Million dollar question: Will there be any rights issue soon?

Mr CEO mentioned that there wont be any rights issue at this moment as the management team did not even touch base with any banks for such. He understand that there are rumors in the market about potential rights issue due to high gearing ratio and / or buy up the remaining 90% stake of Parkway Parade. He had re-assure shareholders that management are not looking at performing rights at this moment.

What is Management plan to bring down the high gearing ratio?

Mr CEO mentioned that there are various methods such as asset recycling or improve the portfolio valuation.

Based on Mr CEO response, he seem to be more incline to improve portfolio valuation rather than asset recycling. This make sense to me as Lendlease REIT only have JEM, 313, Sky Complex and 10% of Parkway Parade.

To improve portfolio valuation, Mr CEO gave few examples:

1) There is in built rental escalation (Average 3% pa) in the contract

2) There is around 4% of net lettable area in 313 not deploy yet

3) Tenant Sales is higher than pre-Covid, as such Lendlease can charge higher rents

However, Mr CEO mention they are comfortable with current gearing ratio. He quote an example due to commercials building are many times more expensive compare to industrial building. As such, they will choose the lowest debt interest like perpetual securities. He add on by mentioning banks are confidence in them too as banks are providing unsecure loans to them.

What is the possibility that Sky Italia (Sole tenant for Sky Complex) will exercise its break option in 2026?

Mr CEO mentioned that the possibility is low.

Reasons being:

1) Sky Italia had invested heavily in their CAPEX

2) The rent they are paying now is lower than surrounding building due to first mover advantage. Sky Italia had occupies Sky Complex since 2008 and unfortunately, the annual rental review based on Consumer Price Index (CPI) have not caught up fast enough

3) Sky Italia credit rating might be even better than Italy rating as a country

Should Sky Italia were to exercise the break option in 2026, they are required to give 1 year advance notice.

To summarize, personally at this point of time after attending the AGM, I do have confident in Lendlease REIT despite the depressing share price. Well, this is a good advantage for shareholder who want to buy more.

Bonus

Lunchbox for shareholder who attend the AGM

1) Added: Lendlease REIT (Jul 2023)

2) SOLD: AIMS APAC REIT & ADDED: Lendlease REIT (Mar 2023)

3) Added: Lendlease REIT (Jan 2023)

4) Keppel DC REIT AGM 2022

5) Frasers Centrepoint Trust (FCT) AGM 2022

6) ComfortDelGro AGM 2021

7) First REIT AGM 2020

8) MM2 AGM 2019

9) Perennial AGM 2019

Added: CICT (Sep 2023)

2023-09-28T23:33:00.000+08:00

Added 27,000 shares of CapitaLand Integrated Commercial Trust (CICT) at $1.88 on 21 Sep 2023.

This bring my total shares of CICT to 41,000.

Reason for buying:

1) Similar to why I buy it on 2 Mar 2023

2) Anchoring effect on price at $1.88

The anchoring effect is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the “anchor”) when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments.

Added: Lendlease REIT (Jul 2023)

2023-07-12T12:23:00.000+08:00

Added 11,000 shares of Lendlease at $0.65 on 10 Jul.

In total, I own 86,600 Lendlease shares (Including the DRP of 1600 shares in 30 Mar)

Reason for buying:

1) Dividend Yield 7.5%

Semi annual payout. Next XD will be in Aug 2023

2) PB 0.83

3) Acquire 10% stake in Parkway Parade

Although I would prefer they acquire Paya Lebar Quarter (PLQ) instead of Parkway Parade. Nevertheless, it is a good start to have 1 new asset in the portfolio as long as it is DPU accretion. With direct linkway to upcoming Marine Parade MRT station (TEL) next year, this will drive more shopper traffic to Parkway Parade.

4) Upcoming Grange Road carpark (behind 313 Somerset)

There is not much update on this, but it should be completed in 2025 (Link)

1) Added: Lendlease REIT (Jan 2023)

2) SOLD: AIMS APAC REIT & ADDED: Lendlease REIT (Mar 2023)

Added: Link REIT

2023-06-13T14:22:00.000+08:00

Added 3,000 shares of Link Reit on 9 Jun at HKD47.40

Reason for buying:

1) Near to 5 years low (Even lower than during Covid)

Link Reit is the largest REIT in Asia by market capitalisation

Image from Proposed Merger of MCT and MNACT (Apr 2022)

I believe one of the main reason for this giant to trade at such low price now is mainly due to Rights Issue in Feb 2023 at 29.6% discount to last trading price (Link). This resulted in lower dividend % due to enlarged share numbers. Nevertheless, the Rights Issue is 240% subscribed (Link).

2) Dividend 5.69%

This time round, there is a scrip option for dividend where we can get discounted shares :)

3) PB 0.64

We are looking at 14% upside for PB if it can hit the average 0.88

4) Hong Kong Retail +7.1% rental reversion

Hong Kong Retail is 52.4% of Link Reit portfolio. As long as the rental reversion is positive, Link Reit should be good.

5) Hong Kong Car Parks Income

For some reason, I am very attracted to Link Reit Car Parks related business income (18.8% of Link Reit portfolio) given that they are able to increase their income in all their car parks segment.

6) Capitaland Investment (SGX: 9CI) alternative

1) Added: Fortune REIT (HK 778) - Power of Neighbourhood malls

2) SOLD: Fortune REIT (HK778)

SOLD: Digital Core Reit

2023-06-12T20:25:00.000+08:00

Sold 32,000 shares of Digital Core Reit on 7 Jun at US$0.46

Total profit is SGD 1186.29 (6.4%) for around 2.5months.

Reason for selling:

1) News of Cyxtera Technologies filed for Chapter 11 (Bankruptcy)

On 4 Jun, Cyxtera Technologies (22.4% of Digital Core REIT’s annualised rental revenue) filed for Chapter 11 (Bankruptcy).

Mr Market seem to welcome this long awaiting news which cause Digital Core Reit shares price went up instead.

Since majority of US sponsor who listed in SGX market do not have good history outcome, thus, any profit is consider a good profit.

2) Attractive price

There are many other more stable stocks with very attractive price mainly due to their recent PP/PO/interest rate hike and etc.

As such, rotating DCReit out of my portfolio to add in a better player.

To be honest, there are many options to choose which is quite headache too (Will blog on my purchase soon).

1) SOLD: ComfortDelGro & ADDED: Digital Core Reit

Royal Caribbean Spectrum of The Seas Cruise Tips + FAQ + Review of The Key

2023-05-17T22:04:00.000+08:00

I went for the Spectrum of The Seas (5D4N Penang & Phuket) cruise in May 2023.

1) Should you download the Royal Caribbean mobile apps?

YES YES YES.

The Royal Caribbean mobile apps is a must download before you onboard the cruise.

It contain SeaPass (Room number, Emergency gathering location and etc), Directory (Opening hours, Map), Remainder for your calendar which you set and Etc.

You should download it as soon as possible or when you made the final payment for your cruise.

One of the top reason is it will show you when you can select your check in timing (Estimate 45days before your sail date). This is first come first serve.

Tips #1: You should select the earliest check in timing if possible.

Earliest timing is 11am. Priority is given to those who reached within their selected check in timing range.

Board early to avoid the crowd + eat your lunch + settle down + enjoy the facilities (especially swimming pool).

Queue according to your selected check in timing. You will notice the front few lanes are empty as this photo was taken near to their check in timing.

Tips #2: If you are a swimming pool lover, make sure you pack your swimwear in your hand carry bag

Your chance of having the whole pool to yourself before 2pm is super high 💓💘

Enjoying my "private" pool

2) Should you purchase The Key (VIP Pass)?

I personally feel that if you have plan to purchase onboard cruise internet OR you hate to be in queue line for more than 20 mins multiple time in single day, the answer will be a big YES.

Spectrum of The Seas full loads is around 5000+++ guests.

I purchased it and I don't regret paying for it.

The Key Private Time Schedule:

Rock climbing: Day 2 9am to 10am

Bumper Car: Day 3 9pm to 9.30pm

Flow Rider: Day 4 9am to 10am

Tips #3: The highest % discount I saw for The Key is 30% off

As The Key is limited, you should buy it asap and if you saw the price dropped, you can cancel it and re-purchase at lower price (Info is correct as of May 2023).

Tips #4: The Key benefits

As the number of The Key is very limited, you need to ownself aware of the benefit. Many times, I need to approach the staff to inform them that I am The Key holder in order to enjoy the benefits instead of queueing up like the rest.

The Key Welcome Lunch Menu

6oz Angus Filet Mignon

Caesar

The Key departure day Breakfast Menu

3) Eat in Main Dining Room (MDR) @ Deck 3 instead of Windjammer @ Deck 14

Both MDR & Windjammer are complimentary.

MDR is like fine dining while Windjammer is super crowded buffet spread.

To illustrate the differences, I personally will value MDR at more than S$50 per pax per meal while Windjammer at around S$25 per pax per meal kind of quality. Windjammer is great to go maximum twice in your entire cruise because food are 95% same throughout your cruise.

Looking down from Deck 5 at MDR on Deck 3

Tips #5: Book/Reserve "My Time Dining" time slot ASAP

Everyone love fine dining, especially when it is complimentary.

If you don't reserve a time slot in "My Time Dining" to dine in MDR, happy queuing for more than 1 hour for a table during peak hour (Hungry man is an angry man).

Tips #6: Time diff of 1 hour when in Phuket

The cruise will adjust accordingly to local time. When reserving "My Time Dining" time slot, please take note of the time diff.

Eg: If your usual dinner time is SG 7pm, then you need select 6pm on the day the cruise is in Phuket.

MDR Menu (Menu are change daily <3 )

Escargots

MDR Menu (Menu are change daily <3 )

Grilled Jumbo Shrimp

Baked Alaska

Tips #7: You can select as many dishes as you love to have in MDR (Pls don't waste food)

Why crack your brain to choose only 1 Starters / Main Course / Desserts when it is unlimited :D

Tips #8: MDR do have kids menu too

Banana Split in Kids Desserts Menu <3

4) Room Amenities

You need to bring:

Travel adapters
No Type C or 3pin plug in the room :(
Toothpaste + Toothbrush
Shaver
Shampoo + Body Wash if you dislike the 2in1 provided in room
In room slipper if you dislike walking barefoot
Big personal water bottle + Thermal flask if you need hot water (only 3 bottles of water provided in room)

Tips #9: Refill drinking water in Windjammer @ Deck 14

Depending on your own water intake needs, recommend to bring 2L of empty personal water bottle (with big opening mouth like Meiji milk bottle instead of small opening mouth like 1.5L Coca Cola bottle) so that you do not need to keep going up to Windjammer for water refill

Tips #10: "Do not disturb" / "Clean my room" magnet card can be found behind your main door

5) Penang & Phuket Ports

Phuket port is tricky as it depend on the months you are cruising.

Usually for May to Oct, it is at Ao Makarm Deep Sea port area which is super ulu

For Nov to Apr period, it is at Patong Bay, close to tourist area

Estimated time allow in Phuket is from 8am to 8pm.

Tips #11: Phuket local time is 1 hour behind SG time zone. The cruise will adjust to local time.

Penang port is always at Swettenham Pier.

Estimated time allow in Penang is from 3pm to 8.30pm.

6) Shows

Post covid, all shows and activities are required to queue (Unlike during covid period, where you can reserve shows + activities via apps) except for The Silk Road.

Tips #12: "The Silk Road" is available to book around 1 month before your sail date via RC apps

7) Default currency is USD

Tips #13: The highest % discount I saw for Arcade credit pre-board is 20% off

8) Best deck level to stay in

Waiting for the lift is painful as it is always full.

The most happening deck level are in deck 3, 4,14 and 15.

Tips #14: Best to select Deck 5/6 or Deck 12/13 so that you can climb the stairs instead of waiting for the lift.

Tips #15: Choose rooms that are near to lift area so that you don't have to walk too long back or leave your room.

SOLD: ComfortDelGro & ADDED: Digital Core Reit

2023-03-29T21:15:00.000+08:00

Sold 16,000 shares of ComfortDelGro at $1.17 on 21 Mar.

Total loss including dividend is $5373.30 (-21.5%)

Reason for selling:

1) Share price remain weak

I am disappointed with CDG share price especially when the price post COVID is lower than pre COVID.

Even with special dividend declared, the share price still remain sideway.

2) Weak Fundamental

Given the current Bus Contracting Model (BCM), I am expecting SBS Transit to further losing market share + lower margin.

The number of taxis on the roads are decreasing too.

Final dividend for FY22 is 16% lower than FY21 (1.76 cents vs 2.10 cents)

Inflation, rising wages, increasing interest rate and lower margin doesn't look good with CDG too.

Added 32,000 shares of Digital Core REIT on 21 Mar at US$0.43

Reason for buying:

1) Bad tenant news punished the share price

Digital Core Reit manager did response to the news here.

Cyxtera Technologies “represents approximately US$16 million of annualised rent or 22.6% of Digital Core REIT’s total annualised rent” (Link)

22.6% rent is huge impact in the worst case scenario. But given the demand for data centre, I do believe that Digital Core shouldn't have any issue finding new tenants to take up these space.

https://sginvestors.io/analysts/research/2023/03/digital-core-reit-uob-kay-hian-research-2023-03-20

Based on previous Sungard bankruptcy:

https://sginvestors.io/analysts/research/2023/02/digital-core-reit-uob-kay-hian-research-2023-02-06

2) 52w low

IPO was priced at USD88 cents and it went to USD1.13 (52w high).

USD43cents is 51% lower than IPO price and 62% lower than 52w high.

I will term USD43cents as buying a fair company at wonderful price (Warren Buffet prefer buying Wonderful company at fair price).

3) Good USD exchange rate at this moment

4) Sponsor seem good

During Sungard bankruptcy incident, Sponsor step in to provide cash flow support.

Acquisition of 2 data centres was provided with 2 options. Given the market situation, a more favour options was selected.

5) Shares buyback

Digital Core Reit did 11 millions of shares buyback at average USD0.585 recently.

(NEW) Digital Core Reit started another phase of share buyback on 27 & 28 Mar.

6) Improving market rents

7) No loan expiring until 2025 + 75% fixed interest rate

1) SOLD: AIMS APAC REIT & ADDED: Lendlease REIT

2) Added: ComfortDelGro (Oct 2021)

3) Added: Keppel DC Reit

4) Keppel DC REIT AGM 2022

5) Added: Mapletree Industrial Trust

6) Mapletree Industrial Trust (MIT) AGM 2022

SOLD: AIMS APAC REIT & ADDED: Lendlease REIT

2023-03-15T21:05:00.001+08:00

Sold 12,500 shares of AIMS APAC REIT at average $1.30368 on 13 Mar.

Total profit including dividend is $1385.90 (9.13%)

Reason for selling:

1) Small drop in share price

Most of the other REIT shares price dropped by bigger % compare to AIMS APAC REIT. Thus, make it attractive to swap out this small drop % to other REITs which have bigger drop in %.

Added another 29,000 shares of Lendlease REIT on 15 Mar at $0.675.

Total holding increased to 74,000 shares.

Reason for buying:

1) Same reasons as Jan 2023

1) Added: Lendlease REIT (Jan 2023)

2) Added: AIMS APAC REIT (Dec 2022)

CPF milestone: Happy 65th Birthday (How much $$$ you will be getting)

2023-03-05T07:27:00.000+08:00

My father is celebrating his 65th Birthday this year.

CPF is the first to wish him "Happy 65th Birthday in advance!" via snail mail letter.

In the letter, he was provided with 2 options regard to CPF LIFE

Option 1: To use our online "Plan my monthly payouts" service
Option 2: To book a 1-to-1 CRPS consultation session with us

The letter is simple and straight forward to understand (There is no * found in the letter. LOL)

We go with Option 1 and you can complete the 5 steps in less than 15mins.

The website is graphical user interface which provided you with super clear and detail illustration on the varies options you can consider.

My father is lucky to have met FRS amount.

Step 1: Start of defer payouts

For CPF standard plan, he can receive an estimated monthly payouts of $1,230 for as long as he is breathing.

If you would like to defer payout to later age, you can slide the slider and it will show the estimated amount with your chosen age

Step 2: Payout detail

If you have extra amount in your OA/SA, you can use it to increase your monthly payout too.

You have 3 options to choose from: "Use the full amount available" / "Use a partial amount" / "I do not want to use CPF savings to increase my payouts".

Else, you can keep it in CPF to continue earn interest and withdraw the amount as and when you require it.

I just capture only the monthly payout if you transfer $10k, $20k and $30k as example to CPF LIFE.

Transfer $10k

Transfer $20k

Transfer $30k

I wont continue into Step 3 to 5 as it is pretty much straight forward and more into personal detail.

You are done with your CPF LIFE payout choice :)

Some additional info which I go to play around with the CPF Life payout calculator on the 3 different CPF LIFE plan

If you change your mind on the CPF LIFE plan you selected at age 55, you can change it here before you submit the payout at age 65.

1) Done for 2021 CPF Retirement Sum Topping-up (RSTU). How about you?

2) You have less than 24 days to lock in 62yo as your withdrawal age for SRS account

3) CPF MRSS: dollar for dollar matching up till $3,000

4) Transferred $20,000 from CPF OA to SA for Oct 2020

5) 33 financial tips for my 33rd Birthday

Added: CICT (Mar 2023)

2023-03-03T00:32:00.001+08:00

Added 14,000 shares of CapitaLand Integrated Commercial Trust (CICT) at $1.88 on 2 Mar 2023.

Reason for buying:

1) PB 0.91

2) 5.6% dividend

I know 5.6% dividend yield doesn't seem high in current high interest rate era. But given CapitaLand branding, it might be challenging for share price to drop further by large margin to achieve higher dividend yield as that would mean that the PB will have to drop further. I view PB and dividend yield as a see-saw relationship which I think is quite balance out at this moment.

3) Almost pure play SG

4) 81% loan on fixed interest rate and at average 2.7% loan interest rate

5) Retail sector looking bright (Recovering)

Once tenants sales recover, positive tenants rent reversion will follow automatically. I am betting big on Retail sector as you will notice that in my portfolio, I have Frasers Centrepoint Trust + Lendlease REIT too.

1) Added: Frasers Centrepoint Trust (Nov 2022)

2) Added: Lendlease REIT (Jan 2023)

3) SOLD: CapitaMall Trust (CMT) - Killed my golden goose

4) Added: Capitaland Mall Trust

Added: Lendlease REIT (Jan 2023)

2023-01-05T16:17:00.001+08:00

Added 45,000 shares of Lendlease REIT at $0.68 on 5 Jan 2023.

Reason for buying:

1) Dividend yield 7.1%

Semi annual payout. Next XD will be in Feb 2023

2) PB 0.87

3) Positive Rental Reversion in both Retail & Office

4) Lower than the PO price of $0.72 in Apr 2022

5) Upcoming Grange Road carpark (behind 313 Somerset)

Once the Grange Road carpark redevelopment completed by end of 2024, additional revenue source for the REIT

CircleDNA review (Home Kit DNA Test)

2022-12-12T20:32:00.002+08:00

What is Circle DNA?

Circle DNA empower individuals with valuable health insights to live healthier and happier lives. We give everyone the power to be in control of their own health.

Why am I interested in Circle DNA?

I got to know about Circle DNA via Channel New Asia (CNA) Talking Point - S1E17: DNA Test Kits: Are They Worth My Money?

I am interested to gain insight about my DNA in order for me to take preventive steps instead of reactive, so that to have a healthy life.

Lucky to get the Circle Premium set during pre Black Friday sales at SGD350 (Usual SGD899).

Unboxing

Receive the test kit via FedEx delivery

Premium Kit have the most comprehensive reports

Good user experience to know this DNA kit have a safety seal

Love letter from CEO & CO-Founder

Need to download the Circle apps. They have DNA kit for dog too

COVID had trained us to be pro in using Swab. For Circle DNA, they requested to swab against your cheek.

Instruction provided are clear and easy to follow. Done collected my DNA :)

Ready to be send back

Circle DNA did include a return FedEx envelope for you to ship your DNA back to Hong Kong.

One unpleasant experience is scheduling for FedEx pickup. As I called in at around 10+pm, I was put on call queue for more than 30mins and nobody picked up my call :(

I gave up waiting and when I try called back the next day 8+am, my call was picked up within 10 secs and FedEx is able to come to collect on the same day itself.

Waiting for my results since my test kit was picked up on 24 Nov 2022.

Circle DNA url: https://circledna.com/