Grab Full Year Results is out and the company has narrowed its losses to US$158 million from US$458 million (page 4). It is indeed good to see Grab continuing to efficiense itself. However, I think the company is not out of the woods. Increase in Cost due to Mandatory CPF Contribution by Employer for Platform Workers While the Singapore government will be bearing most of the cost during the next 3 years as transit, some costs is still borne by Grab, hence whatever cost savings Grab has been obtaining will be erased for Year 2025.  I forsee its full year 2025 will still be loss ..read more

Spending Performance for Feb 2025 Total expenditure was $834 with $61 in cashback clocked (7.3% cashback). This is close to the best of my ability to fully utilise Maybank's credit card cashback system. Grocery Spending My basic neccessities spend remains high, of course this is due to the high cost of living in Singapore :p This category's spending exceeds the cap Maybank has at each (per) category, however, I have been actively trying to cut my food ingredient expenses etc to ensure a minimalist lifestyle. Mirroring myself like a company, I am guiding for my recurring grocery ex ..read more

Since the 2 December 2024 post when United Hampshire US REIT was at 45.5 cents, the REIT is now at 48.5 cents and had given dividend of 2.05 cents. Investors who have bought it since then would have reap a 5.05 cents gain at a cost price of 45.5 cents. That is a 11% return. Will There be More Gains? That is a yes. Despite the sale of 02 properties, the REIT has actively de levered. While its net property income will be lower this year, its interest expense will be lesser due to a lower leverage. Second with interest rates likely to be lowered due to the expectations of a declining US economy a ..read more

Asian Pay TV (APTT) has released its full year results. Summary Total revenue declined by 5.4% due to sunset TV business Dividends of 1.05 cents, guiding for 2025 to be 1.05 cents Broadband Business Growth of 5% Business Prospects Revenue will keep falling at around 5% per year, this is due to the shift away from TV. CEO has commented the task now is to upsell customers to higher tier broadband plans to ensure revenue does not decline as much. Sustainable Dividend APTT generated 149 million in cash last year, I expect further decline to 145 million in cash this year. Interest Cost is exp ..read more

 Yangzijiang Financial Holdings (YZJFH) has delivered full year results which is within expectations. Summary Earnings per share of 8.6 cents Dividends of 3.45 cents Earnings was boosted by china government grant (1 SG cents) and no more credit allowance provisions in losses Currently YZJFH trades at a share price of 56.5 cents or SGD$1.98 billion market cap. Earnings As said, YZJFH recorded SG$40mil in government grant, SG$30 mil in exchange rate gains. I am sure this will not be replicated in FY 2025. However, as the company's debt investment portfolio continues to decrease, we migh ..read more

Due to the run up in share price, I have taken profits off Alibaba. About 12% of my stake in Alibaba was sold. I will hold the rest of the stake until it reaches HKD$210 (my estimated forward PE of 25). Should Alibaba return to the HKD $100-$125 region, I will start to buy back what i sold off. Portfolio Using the sales proceed from Alibaba, I have bought (i) Keppel REIT and (ii) PRIME US REIT. Previously, I wrote why I would not buy Keppel REIT. However since then, it has fallen 7% post ex-dividend and become a fair value/hold at 81 SG cents. As I have said, the true dividend of Keppel REIT i ..read more

 Unitedhampshier ("UHREIT") has announced its year end results. In summary: Leverage is down to 38.9% Annual Dividend is 4.06 US Cents Rental Escalation Interest Coverage Ratio of 2.5 times Outlook Impressive results throughout with revenue growing due to rental escalation. Its cost of interest seems to have peaked with interest now falling for 4Q. Overall, I expect UHREIT to increase dividend due to higher rentals + possibility of the REIT manager electing to be paid in Units should share price hit 60 US cents. Capital Gain Often people says investing in REIT is for the dividends a ..read more

Previously, I had covered how I plan to budget my approximate $755 spending in credit cards for daily neccessities around Maybank Family and Friends Card. Performance for Jan 2025 Total expenditure was $829 with $52 in cashback clocked. Grocery Spending is High Due to Inflation Close to my estimates, grocery remained expensive coming in at $410 per month. About $50 came from dining because F&B outlets withing supermarkets have the same MCC code of supermarket for Donki and NTUC fairprice. Grocery expenditure will continue to form bulk of my expenses as I continue to prepare my meals t ..read more

While many singapore dividend investors will praise how good the Capitaland and Fraser Group of REITs are for dividend at 4-6% yield; there is one REIT that has a lower leverage, a more diversified portfolio and of a higher dividend yield than any REIT in Singapore at 8.3%. This is the largest REIT in Asia and with a REIT manager model which has been praised by Straits Times. LINK REIT- 8.3% Dividend, Not Taking Debts to Sustain Dividend, 20.6% Leverage Ratio The title says it all, perfectly sustainable REIT, low gearing at 20.6% that no other Capitaland REIT has been able to match. To cap it ..read more

 Keppel REIT has announced its full year results There are a few danger signs shown in the REIT's latest full year financials and in addition, its share price I feel is at a high. Hence I feel it is not worth owning Keppel Office REIT and I do feel REITs outside of Singapore such as Elite UK and Prime US are of a better deal (coincidentally, Keppel has a stake in PRIME US REIT) Summary of Keppel REIT Financial Results Before I delve deeper, below are the results/summary of Keppel Singapore Results: Dividend of 5.6 cents (decrease of 3.4%), yield is 6.3%,  Dividend funded by SG$20 mi ..read more