tag:blogger.com,1999:blog-64367251589954511442024-02-07T06:24:51.427-08:00Dividend KnightDividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-6436725158995451144.post-44010568009850046972021-04-02T01:28:00.002-07:002021-04-02T01:28:25.447-07:00Confirmation Bias Is Scarily Common Among Investors<p><span style="font-family: arial; font-size: large;">Confirmation bias is the tendency for people to cherry-pick and interpret information that support their existing beliefs. This often results in contradictory actions.....</span></p><p><span style="font-family: arial; font-size: large;"><br /></span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6x4ANdXDMnO1huUaWmOhIRyADafViNn009mkJnBKN4ulMg4nOdY5nEtQ-6h3V3ytMAbMzTHqy51i1oZfOk2WjnorWaM9N6AcIGgRXE-rNVNyQgYcssXYEI9A4aEd4xe8Zt5cS6uk6ccg/s1572/Contradiction.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="388" data-original-width="1572" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6x4ANdXDMnO1huUaWmOhIRyADafViNn009mkJnBKN4ulMg4nOdY5nEtQ-6h3V3ytMAbMzTHqy51i1oZfOk2WjnorWaM9N6AcIGgRXE-rNVNyQgYcssXYEI9A4aEd4xe8Zt5cS6uk6ccg/w640-h158/Contradiction.png" width="640" /></a></div><br /><p></p><p><br /></p>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-48682651300847667132020-05-21T20:36:00.002-07:002020-05-26T16:45:17.791-07:00Appreciate The Assistance 感激, 感恩<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJAglQg9XaNqNK3IiKbqaLxRc5AGg2y3HzONdBebUDzbneqg1IA-1alKD66yfKSFZINlxqvlw0_R6vbVFGgMaMkKCDCGrkbZNfI6oRPJlV93f9qunYA197F1kp826B4026YBJRYXlW49Y/s1600/Budget+benefits+2020.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="272" data-original-width="920" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJAglQg9XaNqNK3IiKbqaLxRc5AGg2y3HzONdBebUDzbneqg1IA-1alKD66yfKSFZINlxqvlw0_R6vbVFGgMaMkKCDCGrkbZNfI6oRPJlV93f9qunYA197F1kp826B4026YBJRYXlW49Y/s640/Budget+benefits+2020.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><i><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Amount of financial support I would receive during COVID-19 crisis</b></span></i></td></tr>
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<br />Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com1tag:blogger.com,1999:blog-6436725158995451144.post-35052398616948932232020-01-29T00:41:00.001-08:002020-01-29T00:41:27.165-08:00Otaku FIRE vs Sustainable FIRE<div class="separator" style="clear: both; text-align: center;">
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<br />Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com1tag:blogger.com,1999:blog-6436725158995451144.post-9559586051206700602019-08-20T21:10:00.003-07:002019-09-14T04:13:46.668-07:00Dividend Knight's 稳稳吃米粉 Portfolio - Trimmed & Focused<div style="background-color: white; box-sizing: border-box; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 15px; line-height: 1.3; margin-bottom: 15px;">
Sharing my WWJBH (稳稳吃米粉) portfolio! If you think <a href="http://dividendsrichwarrior.blogspot.com/" target="_blank">Dividend Warrior's portfolio</a> is heavy on REITs, you ain't seen nothing yet! Heheh ^^</div>
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<b>My Current Top 5 positions: </b><br />
<a data-id="595" href="https://www.investingnote.com/stocks/SGX:N2IU" style="background-color: transparent; box-sizing: border-box; color: #337ab7; text-decoration-line: none; word-break: break-all;">$Mapletree Com Tr(N2IU.SI)</a> 31.6%<br />
<a data-id="597" href="https://www.investingnote.com/stocks/SGX:ME8U" style="background-color: transparent; box-sizing: border-box; color: #337ab7; text-decoration-line: none; word-break: break-all;">$Mapletree Ind Tr(ME8U.SI)</a> 23.1%<br />
<a data-id="187" href="https://www.investingnote.com/stocks/SGX:C52" style="background-color: transparent; box-sizing: border-box; color: #337ab7; text-decoration-line: none; word-break: break-all;">$ComfortDelGro(C52.SI)</a> 18.1%<br />
<a data-id="326" href="https://www.investingnote.com/stocks/SGX:J69U" style="background-color: transparent; box-sizing: border-box; color: #337ab7; text-decoration-line: none; word-break: break-all;">$Frasers Cpt Tr(J69U.SI)</a> 16.2%<br />
<a data-id="950" href="https://www.investingnote.com/stocks/SGX:U11" style="background-color: transparent; box-sizing: border-box; color: #337ab7; text-decoration-line: none; word-break: break-all;">$UOB(U11.SI)</a> 11.2%</div>
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If you are interested in knowing how my life has been since 2015, read on. Be warned, it's gonna be a long read hor, I am gonna write like lor soh <a data-id="23435" href="https://www.investingnote.com/users/Turtle_Investor" style="background-color: transparent; box-sizing: border-box; color: #337ab7; text-decoration-line: none; word-break: break-all;">@Turtle_Investor</a> >_<</div>
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After my surgery a couple of years back, I did not have the energy and mood to continue my blog and during that gloomy period, I really din feel like participating in all the online investment discussions. Even after I recovered and returned to work, I just browsed online investment forums and finance blogs briefly on weekends, lurking but not commenting.</div>
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Cash started building up as I hadn't been buying much, just drifting along ya'know, trying hard to get back in the groove at work. Told myself die die must start paying more attention to my portfolio, but the motivation was missing lor -__- I got tired so easily lor! </div>
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Some of you guys know I have been a die-hard fan (<i>so embarrassing!</i> >_<) of <a href="https://www.investingnote.com/users/Dividend_Warrior#/?display=profile&user=Dividend_Warrior&tab=latest" target="_blank">Dividend Warrior</a> (DW) for his single-minded focus on dividend investing. He was the one who inspired me on this journey after all. So I plucked up enough courage to PM him (Ya, I was nervous PMing my idol.... dun judge me!) I was hoping to discuss some investing ideas with him. I was hoping maybe my motivation could return. At first he did not reply me. A few days passed, I PM again politely (<i>ok, I'm thick-skinned!</i>) still no reply.... I became even more dejected liao T__T </div>
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After another few days, DW replied my PM!!! O__o He apologised for not replying immediately as he rarely respond to PMs. He explained that the protracted online conflict/disagreement/animosity with <a href="https://www.investingnote.com/users/MasterLeong#/?display=profile" target="_blank">Master Leong</a> has got him skeptical about connecting with investors online. I assured him I am not crazy. LMAO!!! >_< </div>
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Last year, he told to me to build up my positions in MCT, MIT and FCT during the Nov/Dec market correction. He told me the US Fed could not even hike rates to 3% and he was right! In return, I also humbly recommended him a secret counter....kekeke ^_^ He fired his elephant gun after doing his own due diligence.</div>
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<i>Cheers and have a blessed day! ^^</i></div>
Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-24758452521491121512016-08-30T20:16:00.000-07:002019-08-20T21:13:58.663-07:00A Paradigm Shift - Innovate or Perish<span style="font-family: "arial" , "helvetica" , sans-serif;">Singapore's economy is at a turning point. Local businesses are facing challenges such as digital disruption, labour crunch and high operating costs. We are in danger of losing our relevance in a global economy which is undergoing a 'Third Industrial Revolution'. Latest economic data showed falling inflation and exports. Unemployment is rising as more workers are rendered redundant due to technological disruption and lower global demand. The traditional bellwethers of the STI - banks, property developers, rig-builders - are struggling as property sales remain sluggish and oil price is stubbornly depressed. All these talk on SMEs becoming more innovative is mostly paying lip service. </span><br />
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<tr><td class="tr-caption" style="text-align: center;">PM Lee speaking at National Rally 2016</td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Conventional wisdom dictates that a Singaporean resident must invest in property (usually eating up most of his savings), as if property investment is the sure-win method to financial nirvana. A word of caution. What works for our grandparents (pioneer generation) and parents (baby-boomers) might not work for us and the future generations. Moving forward, local residential property prices are unlikely to see exponential appreciation compared to the 80s and 90s. Those times are not returning.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">You might be wondering......why so fearful, DK? In the worst-case scenario, the Singapore government can implement expansionary fiscal policies to 'juice up' the economy. That worked before. Unfortunately, our aging demographics meant that social spending will only escalate in the future, thus limiting the amount of support the government can provide. Besides, we simply could not afford to keep dipping into our national reserves. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Wait a minute! How about Temasek Holdings and GIC? Surely they can swoop in as white knights in their shiny armour to save the day! </span><a href="http://www.todayonline.com/business/gic-sees-lower-returns-warns-tougher-times" target="_blank"><span style="font-family: "arial" , "helvetica" , sans-serif;">The hard truth is actually more years of expected lower returns from our SWFs.</span></a>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com2tag:blogger.com,1999:blog-6436725158995451144.post-89836864614360382252016-08-24T19:54:00.002-07:002019-08-20T21:14:15.073-07:00Beware of Valuations When Buying Emerging Markets Bonds & Dividend Stocks<span style="font-family: "arial" , "helvetica" , sans-serif;">At the start of 2016, emerging markets (EM) were in turmoil as droves of investors withdrew funds in the wake of a long-awaited Fed rate hike in December 2015. Eight months later, funds are flowing back into EM yield assets at a frantic pace once again. Facing negative rates in Europe and Japan as well as near-zero rates in almost all developed nations, yield-hungry investors have no choice but to return to EM. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">However, investors are not focusing on growth or cheap labour - the traditional twin attractions EM used to offer in spades. They are simply drawn in by the relatively attractive yield like moths to a flame. This could lead to a bubble in the EM bond and stock markets. Valuations of traditional income stocks like utilities and telcos are approaching bubble levels. This crowded trade will not end well once the Fed hike rates because funds will pull out of EM as fast as they were poured in. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In my opinion, it is never prudent to generate more yield at the expense of taking on more risks. Remember the taper tantrums in 2013?</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Balance risk and income</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>DK</i></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com2tag:blogger.com,1999:blog-6436725158995451144.post-47674146446611884082016-07-24T07:12:00.001-07:002019-08-20T21:14:27.097-07:00The World Has Gone Mad<span style="font-family: "arial" , "helvetica" , sans-serif;">France is a country seemingly under siege. A man drove a delivery truck through a crowd in Nice, France. A failed military coup in Turkey. Racial tensions came to a boil as the blacks sniped police officers in Dallas. Public Shootings in a German shopping mall. Donald Trump delivered his GOP convention speech like a war-time president, dark and angry. The South China Sea dispute remain contentious, straining ties between ASEAN and China.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Am I concerned about recent geopolitical developments? Sure, I am. But I am not letting these fears stop me from living my life. The world has always been a messy and even violent place (remember WWI & WWII?). I choose to believe in the goodness of humanity! Stay positive and spread the love around. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">By the way, I totally enjoyed my recent trip to Washington DC. Bought a Hugo Boss bag! :)</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>Life is one huge stumble. Just make sure you stumble in the right direction.</em></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>DK</em></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-17259700939287669152016-07-19T02:06:00.001-07:002019-08-20T21:14:56.815-07:00The Global Economy Is Turning Japanese<span style="font-family: "arial" , "helvetica" , sans-serif;">The desperate chase for yield is becoming dangerous, driving the valuations of dividend stocks (telcos, utilities & REITs) and bond prices to the sky. The main reason behind this 'new abnormal' is the world (especially developed nations) spiralling into a 'Japan-style' economic malaise. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">- Aging populations result in weak demand</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- Weak demand leads to deflation</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- Central banks maintain low and even negative rates for longer in order to stimulate growth and battle against powerful deflationary forces. <span style="font-family: "arial" , "helvetica" , sans-serif;">Central banks in Switzerland, Sweden, Denmark, and Japan now all have negative interest rates! </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I foresee solid blue-chip yield stocks to be selling at a premium for many years to come as the global population age even further. The thirst for income will only get ever more frantic. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>Japan gave us a dress rehearsal of a bleak future</em></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>DK</em></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com1tag:blogger.com,1999:blog-6436725158995451144.post-4177541691741731062016-07-13T20:33:00.000-07:002019-08-20T21:15:17.696-07:00First-World Problem - Take SCRIP Or Cash?<span style="font-family: "arial" , "helvetica" , sans-serif;">Applying for SCRIP has its advantages which benefit investors with certain objectives.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">1) SCRIP allows an investor to build up his position in a long-term core counter without having to pay the fees and we all know fees significantly erode our returns over time. In the case of OCBC and Raffles Medical Group, the discounted pricing of their SCRIP make it even more worthwhile. Both companies have solid earnings & dividend growth and management are still pursuing sustainable growth. OCBC just completed a massive acquisition of Barclays' private wealth management business in Singapore and Hong Kong. Raffles Medical Group is building a new wing next to its flagship Raffles Hospital as well as an international hospital in Shanghai. If an investor wants to enjoy the fruits of these expansion plans, he should apply for their SCRIPs. On the other hand, if a struggling company such as Noble offer SCRIP, I would avoid it with ten-foot pole. Anyway, I would not be vested in Noble in the first place.....hahaha!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">2) Since an investor apply for the SCRIP year after year over a long period, the compounding effect will multiply several times. For example, you receive 10 shares this year, this particular batch of 10 shares will reap you more shares next year, maybe 11 shares. Then, the 21 shares will reap you even more shares next year and this wealth-generation cycle keeps rolling on.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">2) SCRIP is also more suitable for investors with substantial amounts of the counter. For example, if you only own 100 shares of OCBC, just take the dividends in cash. I would suggest applying for SCRIP when you have at least 2000 shares of OCBC as the returns will be more meaningful.</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-42342632196551143262016-07-08T17:58:00.003-07:002019-08-20T21:12:18.761-07:00This week's fear-mongering headlines!<span style="font-family: "arial" , "helvetica" , sans-serif;">1) Italy's banks are burdened with a massive US$400 million worth of bad loans, which is highest in the EU by far. This hinders the banks' ability to provide credit to businesses, which in turn will affect the economy, leading to a vicious cycle. The Italian government could try to do a bailout but they are strapped for cash too. The Italian government debt level is the second highest in the EU after Greece. Furthermore, any attempt to carry out a bailout will likely run foul of certain EU central bank's regulations. Italy seems like the new weak link in the EU, bringing back the Grexit contagion fears. By the way, Greece is barely surviving too.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">2) The systemically-critical Deutsche Bank never truly recovered from the 2009 financial crisis. Things are now in 'full-crisis' mode. Worse still, the recent Brexit will hit the bank hard. Deutsche Bank is the largest European bank in London and receives 19% of its revenues from the UK. Now the real question: what happens to Deutsche Bank’s derivative book, which has a notional value of €52 trillion, if the bank becomes insolvent? Financial Armageddon might be near......</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">3) With the sterling pound under severe pressure due to Brexit, three of the biggest commercial property funds in the UK have stopped redemptions. Investors are running towards the exit in herds. As more investors panic and do the same, the funds will have to sell more properties to meet the redemption demands. Usually the most-saleable and best properties will be sold first. This creates a vicious cycle as investors do not wish to be the ones still remaining in a fund which holds inferior properties in the end. This scenario brought back horrifying memories of how the 2008 GFC started. Dominoes started to fall when panicky investors started redemptions on two hedge funds from Bear Stearns.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">This might become a regular thing on my blog seeing that there are always a few fear-mongering headlines from the mass media. Now I understand why people like Marc Faber are often pessimistic about the global economy. It can be rather fun in a morbid way. Ha! >___<</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>Many of us are not living our dreams because we are living our fears</em></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>DK</em></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com4tag:blogger.com,1999:blog-6436725158995451144.post-14196700919158141102016-06-26T02:17:00.005-07:002019-08-20T21:11:50.628-07:00Bravo, Britain. Nicely Done!<span style="font-family: "arial" , "helvetica" , sans-serif;">Don't rock the boat? What's the excitement in that! Despite bookies' odds favouring Bremain, the common British people made their voices heard around the world by making Brexit come true. Obviously, those bankers and executives of MNCs largely opposed Brexit as it will affect their fat bonuses. I guess the masses in Britain are frustrated of the status quo and being ruled by greedy corporate overlords. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">When Singapore was separated from Malaysia, people doubt we could even survive. But we have proven those doubters wrong! We transformed from a third-world country to a developed nation within 5 decades. We built a strong and free nation with undying grit and wit from our pioneer generation. So, I have this message for the British youth - Your country will prevail. Do not use Brexit as an excuse for your problems. If Switzerland can prosper without being a member of the EU, you can do it too. Time to man up and show that famed bulldog spirit!</span><br />
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<strong><span style="font-family: "arial" , "helvetica" , sans-serif;">Kites rise highest against the wind, not with it.</span></strong></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><em>Winston Churchill</em></span></div>
Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-19261622034042651582016-06-04T03:04:00.001-07:002019-08-20T21:13:45.639-07:00Singtel Group - The SoftBank Corp of Singapore?<span style="font-family: "arial" , "helvetica" , sans-serif;">SoftBank Corp, one of the largest company in Japan, started as a traditional telecom in 1981. Over the years, SoftBank grew under the visionary leadership of Masayoshi Son through acquisitions and investing in start-ups. Gradually, it evolved from a boring 'old economy' telecom into a multinational internet company, with operations in mobile broadband, e-commerce, technology, media and marketing, finance services, robotics and other businesses. SoftBank successfully channelled resources from its core telecom business into new growth drivers. Example, it is one of the earliest investors in Alibaba and still remains the largest shareholder of the Chinese e-commerce giant.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Singtel can take a leaf out of SoftBank's playbook seeing that the impending 4th Telco is about to take a slice of its domestic pie. Singtel has been outperforming its two smaller local rivals this year, thanks to its vastly diversified earnings base. Core earnings from its overseas mobile associates such as Telkomsel, Advanced Info Service, Globe Telecom and Bharti Airtel increased 12% to $699 million. Singtel is also building ancillary services around its core business. For instance, Singtel re-launched its mobile payment app, <a href="https://www.dash.com.sg/" target="_blank">Dash</a>. Customers can use the app on their smartphones to pay for rides on trains & buses, ComfortDelgro & Prime taxis, and for purchases at merchants such as NTUC Fairprice, BreadTalk, Cheers, Food Republic, KFC, Pizza Hut & Watsons.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Another new revenue stream is coming from the cyber security division. The global cyber security market is growing at 9.8% a year. Hackers are becoming more sophisticated and daring as shown by recent cyber attacks on <a href="https://www.bloomberg.com/view/articles/2016-04-26/swift-hack-is-a-story-of-globalization-and-poverty" target="_blank">SWIFT</a>, <a href="https://en.wikipedia.org/wiki/Sony_Pictures_Entertainment_hack" target="_blank">Sony Pictures Entertainment</a> and <a href="http://www.computerworld.com/article/3052218/security/the-massive-panama-papers-data-leak-explained.html" target="_blank">Panama Papers data leak</a>. For every lock, there's someone out there trying to pick it.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I was originally sceptical of SingTel's <a href="http://www1.singtel.com/about-us/news-releases/singtel-acquires-trustwave-and-strengthens-its-global-cyber-security-capabili.html" target="_blank">ambitious foray into the cyber security business in 2015</a>, but watching the drama series 'Mr Robot' truly opened my eyes. This show is a masterpiece on the dangers of hacking. There is a huge shadowy world out there in cyberspace! Nerve Wrecking!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">PwC estimates there are about 100 million cyber attacks every year, including data theft, leakage of intellectual property, corporate sabotage & denial-of-service attacks. That's 200 new cyber crimes committed every minute. The Singapore government wants to build a 'Smart Nation'. However, with greater use of connected devices like smartphones & tablets, comes greater vulnerability. Can a 'Smart Nation' be a 'Safe Nation' too? Will we be sufficiently protected from cyber terrorists? Singtel is poised to exploit opportunities in this rising and urgent demand for cyber security. </span><br />
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<span style="font-family: "arial";">The pursuit of new growth engines requires substantial resources. This challenge could be solved soon. There are strong rumours of Singtel planning an IPO for NetLink Trust by 2H2017. If successful, the deal could raise as much as US$2 billion. Singtel will be armed with a huge warchest for pursuing new revenue streams as well as fight against the 4th Telco. </span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com1tag:blogger.com,1999:blog-6436725158995451144.post-78889701487482290672016-05-23T00:14:00.002-07:002019-08-20T21:13:05.389-07:00How to stay the course on your investing journey? Be less human......<span style="font-family: "arial" , "helvetica" , sans-serif;">Over the long run, patience is a virtue when it comes to investing. That's why financial advisors always advocate the benefits of starting young in one's investing journey. This will allow wealth to be accumulated and compounded over decades.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Unfortunately, humans are emotional beings and we tend to interact with one another more than ever before, thank to the widespread use of social media these days. As a result of high frequency trading, algorithm bots and easy access to international market news flow, fear and euphoria can perpetuate at an alarming speed around the world. Hasty decisions made in heat of the moment are rarely right.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Volatility is a fact of life. Investors tend to over-react in either direction. Therefore, we must perform thorough due diligence on our targeted companies and tune out the 'noises'. This will help us avoid making emotionally-driven decisions. With absolute clarity on our investment objectives, we reduce our chances of getting caught on the wrong side of an irreversible shift.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Warren Buffett and his trusted partner Charlie Munger do not panic despite the turbulent markets over numerous crisis because they know exactly what characteristics they want in a company before they decide to fire their 'elephant gun' and they stick to their investment principles come rain or shine. They do not take frequent pot shots indiscriminately with a gambler's mentality. Bershire Hathaway always go for big brands which enjoy a strong moat and protected by sustainable competitive advantage, stable cashflow and run by a competent management. Naturally, when these breed of companies become undervalued due to irrational short-term market forces, Warren Buffett will have the conviction to buy more instead of panic selling as he already understood them inside out. He know their fundamentals will remain robust.</span> <span style="font-family: "arial" , "helvetica" , sans-serif;">On the other hand, if you know the company so well, you will also divest with conviction once you see the fundamentals facing a terminal decline. Either way, there is no panic and fear involved. Just effective decision making.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Be a robot when making investment decisions</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>DK</i></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-53516118348464152572016-05-12T21:09:00.000-07:002019-08-20T21:13:29.997-07:00My first cheque from Nuffnang! Time for Starbucks!<span style="font-family: "arial" , "helvetica" , sans-serif;">I received my first cheque from Nuffnang a few days ago. Yippee! Time to spend it on my weekly Starbucks indulgence..... >___< </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD7snnfC5fRYg1tV3tiMr5V_L_0DcBmHbqmAmUK5Fpz6zLlvI1T8OHxa_IpRS1htXnzVFntG4BF9XPzt6u3_2zYMQvGLLYsW6VFu9CDLwE0elj2CK6y5C1j5qTx0FRm-C3Kfiz4Rxc5II/s1600/Nuffnang+cheque+1.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD7snnfC5fRYg1tV3tiMr5V_L_0DcBmHbqmAmUK5Fpz6zLlvI1T8OHxa_IpRS1htXnzVFntG4BF9XPzt6u3_2zYMQvGLLYsW6VFu9CDLwE0elj2CK6y5C1j5qTx0FRm-C3Kfiz4Rxc5II/s320/Nuffnang+cheque+1.JPG" width="320" /></a></div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLWBXB10pTXvW1M5m-bm1AKgsg0_QrLX-KIMFZxuYru0kLi1V3T-mgZEqXrOg-v5BfeQZbs2ALkDLWyKGJ31nd_VDP2XBl3d7cTtrQ_g91iPvPb9xSSH33ZyJxbhNW1IPc5TbImJFjkcA/s1600/Starbucks+buttermilk+chicken+and+egg+sandwich.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLWBXB10pTXvW1M5m-bm1AKgsg0_QrLX-KIMFZxuYru0kLi1V3T-mgZEqXrOg-v5BfeQZbs2ALkDLWyKGJ31nd_VDP2XBl3d7cTtrQ_g91iPvPb9xSSH33ZyJxbhNW1IPc5TbImJFjkcA/s320/Starbucks+buttermilk+chicken+and+egg+sandwich.JPG" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Set meal from Starbucks. Cappuccino with buttermilk chicken & egg croissant. </td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I know what you all are thinking. OMG! What happened to the frugal-minded DK? What have you done with him!?!?!? LOL.....Life is short, fragile and unpredictable as sadly shown by our finance minister collapsing in the middle of a meeting due to stroke. Sometimes, it is alright to slow down and smell the roses. Live a little. Pamper yourself. Spend more time with your loved ones and cherish those moments.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Get well soon, Mr Heng</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>DK</i></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com4tag:blogger.com,1999:blog-6436725158995451144.post-59213684424796332172016-05-10T20:07:00.002-07:002019-08-20T21:15:43.582-07:00Want to take advantage of global aging? Focus on the rich elderly.....the baby-boomers<span style="font-family: "arial" , "helvetica" , sans-serif;">Humanity is aging. Fast. Over the next decade, the world is going to be hit by a tsunami of retiring baby-boomers. After that, another huge wave from Generation X is going to retire. This secular demographic trend cannot be stopped. There is no breaking point. There is no reversion to mean. There is simply no going back to a world of high birth rates anymore.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">This group of future retirees has greater spending power than their predecessors. In my opinion, old people can be categorised into 2 groups - the recently-retired healthy elderly who are still active with more spare funds for lifestyle consumption and the extreme elderly (those in their 80s/90s) who spend most of their funds on healthcare or nursing services.</span> <br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Higher demand for stable dividend-paying bluechips and bonds</strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Can you imagine a 70 year-old retiree sitting at the desk, his eyes glued to the computer screens as he stares at charts through his blurry eyes? I can't. And even if he happens to be an extremely healthy individual, does he want to spend his golden years and remaining time on Earth doing risky trades everyday? I doubt so. What he probably desire is a stable flow of passive income to fund a comfortable lifestyle and maintain a respectable quality of life. He no longer has the same voracious appetite and high tolerance for market risks and volatility. Most of his funds should be in income-producing assets like bonds, fixed deposits and dividend-paying bluechips. Right now, the younger generation of investors like us can take advantage of this future investment trend by getting into these dividend-paying bluechips early. Do not wait until you are in your 70s or 80s before making the switch.</span><br />
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<span style="font-family: "arial";">A report posted on April 20 on the Singapore Exchange's My Gateway portal reveals that the STI offers the highest dividend yield in a study of 10 major stock indices across Asia. The 30-stock index yields 4.1% in dividends versus an average of 2.8% for the region. Hong Kong's Hang Seng Index is a close second with a dividend yield of 4%. Hong Kong is another rapidly aging country. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Higher demand for air travel</strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Going on long overseas leisure trips seem to be a rising trend with the retirees in recent years. They are even posting pictures and videos on social media platforms. Who says grandparents cannot be cool? They love travelling with their spouses, family members or friends. Compared to their predecessors, baby-boomers prefer to pursue experiences rather than material possessions in retirement. This will potentially create traffic growth for aviation hubs like Changi Airport, thus generating more revenue for companies like SATS and SIA.</span><br />
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<strong><span style="font-family: "arial" , "helvetica" , sans-serif;">Higher demand for aged care services</span></strong><br />
<span style="font-family: "arial";">Lastly, we move on to those extreme elderly who will increase the demand for nursing homes, clinics and hospitals. The rich baby-boomers can afford the premium prices at the private healthcare establishments such as Mount Elizabeth, Gleneagles and Raffles Hospital. As a result, companies like IHH, PLife REIT and Raffles Medical Group stand to benefit from an increasing demand for aged care services.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">How will SG100 look like? Full of old people..... T__T</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com2tag:blogger.com,1999:blog-6436725158995451144.post-79665981211321759962016-03-24T22:08:00.001-07:002019-08-20T21:16:05.617-07:00Singapore has run out of low-hanging fruits<span style="font-family: "arial" , "helvetica" , sans-serif;">The economic success of modern Singapore is largely built on cheap land, immigrant labour, rapid adoption of powerful technologies and highly-educated/skilled workforce. However, during the past 30 years, these low-hanging fruits have started to disappear. Now, we are plagued with dangerously-low birth rate, an aging & shrinking workforce, escalating business costs and a lack of economic growth drivers. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Fortunately, the Budget 2016 did address some of these problems by offering short and medium-term solutions. However, in terms of a more deep-rooted, comprehensive and long-term framework, we still need to wait for the newly-formed 'Committee on Future Economy' (CFE) to release their work by the end of 2016. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">The areas they will be working on are: </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">- corporate capabilities and innovation</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- future growth industries and markets</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- connectivity</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- urban development and infrastructure</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- jobs and skills</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com4tag:blogger.com,1999:blog-6436725158995451144.post-72681324617628004462016-02-14T01:40:00.004-08:002019-08-20T21:16:14.171-07:00Why so much negativity!<span style="font-family: "arial" , "helvetica" , sans-serif;">The sharp drop in Nikkei, Hang Seng and European banks last week spooked investors all over the world. There have been whispers of 'Is this 2008 all over again?' Gold rocketed up to its peak in a year! Not only is everyone feeling 'risk off', it is 'fear on'!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As usual, we can always count on the good ol' financial journalists to tell us the possible reasons (CoCo bonds & Oil-producing countries' SWFs liquidating equities to raise funds). Thanks guys! Next time, why dun you be so kind to inform us BEFORE shit actually hit the fan? As if 'China hard landing' and 'Oil price plunge' are not sensational enough for headlines. *Roll eyes*...... </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In my opinion, we are no where near 2008 levels. It is business as usual for many industries, believe it or not. People are still getting on with their lives. There is a difference between being cautious and outright depressed. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">For me, I am rather immune to all these headlines from wall street. I am still young, so I am more than happy to accumulate fundamentally-solid stocks at depressed prices for the long-term. The funny thing is, I see young investors (newbies) panicking when they should be the ones who could afford to chill as they have time on their side. Here's a tip to young beginner investors - <strong>you have lots of time to ride out the volatility.</strong></span> <br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Free yourself from negativity</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>DK</i></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com11tag:blogger.com,1999:blog-6436725158995451144.post-71460754164040584262016-01-19T19:29:00.004-08:002019-08-20T21:16:26.212-07:00Is the world prepared for the next crisis?<span style="font-family: "arial" , "helvetica" , sans-serif;">In all the past global economic recessions, central banks would usually step in and stimulate/ prop up the economy with loose monetary policies. Governments would also implement certain fiscal policies and even extreme measures (bailout) to help businesses to survive a sharp downturn.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Ben Bernanke cut interest rates from more than 5% to 0% in the previous crisis and kept it that way over 7 years. The world also enjoyed 3 rounds of QE. Seeing the effectiveness of these 2 measures, major central banks in Europe and Asia follow suit. Everyone kept interest rates low and carried out their versions of QE since 2008. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Unfortunately, since interest rates are already low, Janet Yellen has very little left to manoeuvre. The best she can do is to either postpone further hikes or maybe even cut it back down to 0%. Worst still, QE3 showed us that printing huge amounts of money loses its effectiveness the more times you do it. So, QE4 or QE5 would arguably harm the economy more than help it. As a result, central banks around the world have no more weapons left in their arsenal to fight a global recession.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">But the all-powerful governments can surely save the day, I hear you say. Not really. Many governments have huge debts on their balance sheets. Some of their budget deficits are mind-boggling huge! They are already struggling to stay solvent (looking at you Greece!). Many developed countries have their credit rating cut. Even USA had its 'AAA' rating cut in 2011! >___<</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In conclusion, I think the world ill-equipped to handle the next crisis in a swift and effective manner. On the personal front, I hope everyone has been saving up that 'rainy day fund' because we might need it soon.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Always be prepared</i></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>DK</i></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-42501606308538685792015-11-10T07:44:00.001-08:002019-08-20T21:16:54.916-07:00Is there really a need to invest in foreign companies in the name of geographical diversification?<span style="font-family: "arial" , "helvetica" , sans-serif;">This year, Singaporeans celebrate five decades of nation-building. Development, transformation and progress of this once fishing village into a modern city has been nothing short of an economic miracle. As we look forward to the next 50 years, how will SG100 be like? Will Singapore still prosper? Will Singapore still be relevant in the distant future? It is no secret that the Singapore market is lagging other major global indexes in recent years. The 2013 'penny stocks debacle' has somewhat dealt a crippling blow to the confidence of local retail investors. So naturally, people are starting to shift their funds towards foreign stocks which offer potentially better returns and diversification as there is no guarantee that a tiny island Singapore will still be around 50 years from now.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Well, in my opinion, blue-chips such as DBS, UOB, OCBC, SingTel, ST Engineering, SingPost and CapitaLand have already spread their businesses deep into other countries for years. In fact, some of them are not as 'local' as they seem although they have the term '<em>Sing</em>' in their names. For instance, SingTel gets the bulk of its annual revenue from overseas subsidiaries like Bharti in India and Optus in Australia. Some REITs offer exposure to other countries too. For example, Mapletree Logistics Trust has a massive portfolio of logistics real estate spanning across Asia. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">So do not fret. You can still achieve geographical diversification by being vested in these 'local' companies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"></span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com5tag:blogger.com,1999:blog-6436725158995451144.post-25215346753616569932015-11-04T08:01:00.001-08:002019-08-20T21:17:12.673-07:00Building your own 'ETF'? Why not?<span style="font-family: "arial" , "helvetica" , sans-serif;">Recently, more local investors are warming up to the benefits of ETFs, more specifically the STI ETF. In general, ETFs offer diversification and low cost. In his will, even Warren Buffet endorses the merit of owning low cost ETFs from Vanguard. He is confident that over the long run, a low-cost index fund will outperform actively-managed funds with high fees.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">However, simply buying the STI ETF is not really optimal for local investors. When Warren Buffet said buy an index fund, I guess he is referring to one which tracks the S&P 500 index. That particular index is made up of Fortune 500 companies! Being vested in the top 500 corporations in USA is great diversification. Now, compare it to the STI's meagre 30 companies. So, if you live in America, for sure you should invest in some kind of S&P 500 ETF. Unfortunately, I live on a tiny island nation. 30 companies is not really great in the diversification department.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Secondly, the constituents of STI are not equally weighted. The three local banks (DBS, UOB, OCBC), Singtel and Keppel make up almost half of the index. So, if an investor is already vested in these five companies, adding STI ETF to his portfolio will lead to concentration risk instead of diversification. So remember, if you are buying the STI ETF, you are mainly investing in these five companies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Lastly, and most importantly, there are a few companies (Noble, Yang Zijiang Shipbuilding, Keppel Corp, Sembcorp, SIA, Capitaland) in the STI which I do not wish to own. Not to mention the STI totally lack any healthcare stocks which goes against my investment strategy. Buying the STI ETF is like going to a buffet and being told you have to try all the dishes, whether you like them or not.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In my opinion, it is better to build your own portfolio according to your investment vision, conviction and financial needs. Who says you cannot build a portfolio as if you are building an ETF. For me, I prefer to customise my portfolio into a dividend-oriented ETF or income-oriented ETF.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DK</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com1tag:blogger.com,1999:blog-6436725158995451144.post-42471059967517513842015-10-12T19:17:00.001-07:002019-08-20T21:17:25.536-07:00Hoping for a recession? Be sensitive. Don't say it out loud.<span style="font-family: "arial" , "helvetica" , sans-serif;">Singapore is facing a technical recession and some people are starting to say things like 'I hope for a recession so that I can buy more stocks/properties/cars on the cheap'. That is being insensitive. There are workers who depend on their jobs to put food on the table. They are living from hand to mouth. They will be in dire straits if they are retrenched. Saying out loud that you are wishing for a recession so that you can benefit from it is just plain insensitive.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Don't get me wrong. Economically speaking, corrections are healthy and recessions are actually necessary in a capitalistic world. They do happen within intervals of a few years. In fact, they are inevitable. However, we do not need to go around trumpeting that we want a recession. I admit that I also wish to buy stocks at fire-sale prices but I do not talk about recession in front of my friends, relatives and colleagues as I know they need to feed their families. Retrenchment will be horrific for them.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Humans tend to be greedy and selfish. This is something that I observed a few years back before the Singapore government started to implement a slew of property cooling measures to stop the property values from skyrocketing. When I spoke to some friends and relatives, they have very different views. Those who already owned a property did not like the cooling measures because the value of their houses are not increasing fast enough. Those who are looking to buy their first property were supportive of the new measures because they want to buy affordable flats. From their own perspectives, both camps were right.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">So, it is alright to have your own agenda and plans to benefit yourself. But please try to be sensitive to the people around you. Have more empathy and spare a thought for others.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DK</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com10tag:blogger.com,1999:blog-6436725158995451144.post-71024159446313695242015-10-10T21:35:00.002-07:002019-08-20T21:17:42.043-07:00Stock Selection process for your long-term portfolio<span style="font-family: "arial" , "helvetica" , sans-serif;">I would like to share how I usually take to select stocks for my portfolio. I assume you already have some emergency funds (covering 6 months of expenses) stashed away for a rainy day. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Planning Stage</strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Have a long-term financial plan written down on paper. Visualise your major financial goals & commitments in phases of 3-5 years. You should tell yourself, "Ok, I want to have xyz amount of assets by the time I hit 30/35/40 years old". If you are looking to start a family (mid-30s), you probably prefer more stable defensive stocks like the blue chips. Or you might even want to reduce the allocation of cash on stocks. On the other hand, if you are still young and single (early 20s), you might want to take more risk and go for a mixture of dividend plus growth stocks and ignore bonds until you are older.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Screening & Selection Stage</strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Once you are clear what you want to achieve financially, it is time to screen the market for stocks which fits your criteria, or at least come close to your criteria. These are the main figures that I focus on when read the balance sheets of companies which I am interested in.</span><br />
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<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Type of industry (sunrise - healthcare & logistics or sunset - newspapers & snail mail)</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Debt</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Revenue</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Earnings</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Free Cash Flow</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Dividend payout ratio</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Yield</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Dividend growth</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">P/E ratio within the same sector</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Management execution track records (mergers/ acquisitions/ joint-ventures/ AEIs/ rights issue/ private placements etc.)</span></li>
</ul>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As for REITs, I look at these figures;</span><br />
<ul>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Gearing </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Weighted Average Lease Expiry (WALE)</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Debt expiry profile</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Land lease expiry profile</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Rental reversions track record</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Quality of assets (location, age and design of the properties)</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Type of assets (retail, commercial, industrial, healthcare, hospitality etc.) </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Management execution track records (lease renewal/ acquisitions/ AEIs/ rights issue/ private placements/ capital-recycling)</span></li>
</ul>
<span style="font-family: "arial" , "helvetica" , sans-serif;">I would suggest starting from the STI. Treat it like your shopping list. Even the companies on the reserve list are solid choices too. Some people prefer to simply buying the STI ETF at regular intervals. I am more selective, so I am only vested in certain companies from the STI such as Singtel, Starhub, CMT, SATS and ST Engineering.</span><br />
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<a href="https://sg.uobkayhian.com/page/UOBKH/STI_ComponentStk.jsp" target="_blank"><span style="font-family: "arial" , "helvetica" , sans-serif;">A list of the latest STI component stocks.</span></a><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>STI Reserve list:</strong></span><br />
<ul>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">CapitaLand Commercial Trust, </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Singapore Post</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Suntec REIT </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Keppel REIT</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">M1</span></li>
</ul>
<span style="font-family: "arial" , "helvetica" , sans-serif;">I guess this is what the experts would call 'due diligence'. Fortunately, I thoroughly enjoy this screening process. However, I do understand some people are too busy or lack the interest in analysing balance sheets. They prefer to automate their investments. For these people, I would recommend either the POSB or OCBC regular investment saving programmes.</span><br />
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DKDividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com2tag:blogger.com,1999:blog-6436725158995451144.post-53880468820631926192015-10-07T19:58:00.003-07:002019-08-20T21:17:53.976-07:00How Dividend Knight started his investment journey<span style="font-family: "arial" , "helvetica" , sans-serif;">Some of my readers are curious about how I begin my investment journey. So, let me fill you guys in.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">It started back in 2013 when the markets were volatile and bearish due to 'QE tapering tantrums'. After following some financial bloggers like Dividend Warrior, MusicWhiz, Investment Moats and AK for a long time, I decided to take the first step towards building my own dividend portfolio. Their portfolios inspire me, especially Dividend Warrior's version.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I am in my late thirties with no family commitments. So, I was able to utilise most of my salary, bonuses and savings for investment. Before I know it, a sizeable portfolio was built within 2 years. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">My aim is to achieve $2k per month in dividends by the time I celebrate my 40th birthday. I hope all of you would join me on this amazing journey and hopefully be inspired too.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DK</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com8tag:blogger.com,1999:blog-6436725158995451144.post-36490796954611822012015-09-22T03:13:00.003-07:002019-08-20T21:18:05.697-07:00SG50 Commemoration Notes<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Finally! I got my hands on the SG50 Commemoration notes.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">They look great! :)</span><br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkGVq5N63F6Hzn_zC3vAR68_rAByrxc04DP97k7eaYERBZnvxAEagqgohdVRpKK-kJhxAxXlw8rwVseoBOj6nNj61eFYDtUKbbhIgUA3F5zY7cJ8zwC7KQYUXi0APElB6hcpWKlYqrgHc/s1600/SG501.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkGVq5N63F6Hzn_zC3vAR68_rAByrxc04DP97k7eaYERBZnvxAEagqgohdVRpKK-kJhxAxXlw8rwVseoBOj6nNj61eFYDtUKbbhIgUA3F5zY7cJ8zwC7KQYUXi0APElB6hcpWKlYqrgHc/s320/SG501.JPG" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The box which stores the booklet<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqnhcG4gNhHBb6YV_8iZrLlsjeM9cibGlcYgYZTxjzcF3wtL_RlBUCn0UepDkYRGdIcuTjDJzrhsNkkgImTMgptpTC4LQdlxbmBTZcHw11AsIueP5qxPYaVEC2hfD9TCpuKTWoWT9r1cg/s1600/SG505.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqnhcG4gNhHBb6YV_8iZrLlsjeM9cibGlcYgYZTxjzcF3wtL_RlBUCn0UepDkYRGdIcuTjDJzrhsNkkgImTMgptpTC4LQdlxbmBTZcHw11AsIueP5qxPYaVEC2hfD9TCpuKTWoWT9r1cg/s320/SG505.JPG" width="320" /></a></div>
The gold-coloured booklet<br />
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Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com0tag:blogger.com,1999:blog-6436725158995451144.post-27366063269825377782015-09-17T00:57:00.000-07:002019-08-20T21:18:31.523-07:00Dividend Knight Portfolio Update (September 2015)<br />
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<td style="background-color: transparent; border: 1pt solid windowtext; height: 27.9pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
</div>
</td>
<td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 27.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , "sans-serif"; font-size: 12pt;">Company<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 27.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "arial" , "sans-serif"; font-size: 12pt;">Shares (1000)<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 1;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">1.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">M1<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">12<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 2;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">2.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">AIMS
AMP<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">30<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 3;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">3.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Starhub<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">10<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 4;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">4.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Singtel<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">8<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 5;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">5.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Frasers
Centrepoint Trust<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">12<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 6;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">6.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">CACHE
Logistics Trust<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">16<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 7;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">7.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">SATS<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">4<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 8;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">8.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Capitaland
Mall Trust<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 9;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">9.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Raffles
Medical Group<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 10;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">10.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Mapletree
Logistics Group<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">10<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 11;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">11.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">ST
Engineering<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">3<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 12;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">12.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">PLife
REIT<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 13;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">13.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Suntec
REIT<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">6<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 14;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">14.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">First
REIT<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">10<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 15;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">15.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">MGCCT<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">7<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 16;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">16.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Keppel
DC REIT<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">10<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 17;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">17.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Sheng
Siong<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">5<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 18;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">18.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">Mapletree
Commercial Trust<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">2<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 17.9pt; mso-yfti-irow: 19; mso-yfti-lastrow: yes;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 33.75pt;" width="45"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">19.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 6cm;" width="227"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">VICOM<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 17.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 92.15pt;" width="123"><div align="center" class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<span style="font-family: "arial" , "sans-serif"; font-size: 10pt;">0.5<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Dividends received in September 2015: S$1, 015.20</strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong></strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Total dividends received since Jan 2015: S$13, 265</strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong></strong></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>Average dividends per month: S$1,105</strong></span><br />
<span style="font-family: "arial";"><strong></strong></span><br />
<span style="font-family: "arial";"><strong>Average dividends per day: S$36</strong></span><br />
<span style="font-family: "arial";"></span><br />
<span style="font-family: "arial";"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Nowadays, there is a growing trend of buying ETFs. Well, I prefer building my own ETF for income and growth by taking solid companies from the STI components and throw in a few more REITs. Viola! The concoction is done. Yes, it is that simple. :)</span><br />
<span style="font-family: "arial";"></span><br />
<span style="font-family: "arial";">For the month of September, I received S$1015.20 in dividends from:</span><br />
<ul>
<li><span style="font-family: "arial";">ST Engineering: S$150</span></li>
<li><span style="font-family: "arial";">Mapletree Commercial Trust: S$40.20</span></li>
<li><span style="font-family: "arial";">AIMS AMP: S$825</span></li>
</ul>
<span style="font-family: "arial";"></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<span style="font-family: "arial";">DK</span>Dividend Knighthttp://www.blogger.com/profile/09906552958839476125noreply@blogger.com3