MLT released its latest quarterly results yesterday.   Did a quick run through and list down the salient points for my own reference as follows.   Good   Higher distributable amount and DPU Y-o-Y.   High portfolio occupancy.   Overall positive rental reversions despite negative reversions from China assets. Relatively low leverage of 38.8%.   Low average finance cost of 2.5%. Impressive.   >3% interest coverage.   Well spread maturing debt profile. <10% of debt maturing in the next two years.   About 80% of distributable amount for the next 1 ..read more

MIT released its latest quarterly results today after market hours.   Following will be a succinct post for my own reference on some salient points - both the good and bad in my opinion, as well as my personal take on the results.   Good   Positive rental reversions for all segments. 79.5% borrowings hedged. Relatively low leverage of 38.6%.   Good interest coverage of >4 times.   Still healthy portfolio occupancy.   Largest tenant only contributes 6% to total portfolio gross rental income.  Diversified tenants in terms of trade. Less concentration risk ..read more

Happy 2024 everyone. 2023 passed by relatively fast for me with so many things on hand throughout the year. I'm glad I managed to squeeze in some things that I wanted to do on the last day of the year. Changing the bedroom light, going for a haircut, buying some spare parts from the hardware shop, washing my car which is way overdue and updating my investment records. Mundane things but feel good nonetheless when completed.   As usual, I'm writing this post as a wrap up for the year.   Family Both kids are growing up well and with more bickerings now that didi has a wider range ..read more

Typing this now while having my chendol at Bukit Timah hawker centre as I just came across an interesting situation. So I am seated alone at a table with some seats beside me still available. A lady aged about 30s to early 40s came over and asked me if the seats are available before putting her bag down. Shortly after another lady aged about 60s came and sat down beside me without asking. These contrasting behaviour got me thinking. Is the difference in exhibited behaviours simply due to personal character or is it something deeper like societal norms from different times? Note that I'm n ..read more

Cars are expensive in Singapore. Everyone here knows that. No thanks to the COE game implemented by our policymakers. While we cannot control the car (and COE) prices, we can choose to do something to help ourselves on the operating cost. Apart from pumping RON 92 (minimum as per my car manual) and planning routes to avoid ERP whenever possible, I make an effort to do some simple maintenance myself. So recently I felt the cabin air was getting stale and the aircon was not as strong as before. I proceeded to buy a replacement aircon filter online for my car model. This arrived couple of days ..read more

Have been adding Mapletree Industrial Trust @ 2.23 & 2.30, CapitaLand China Trust @ 0.90 and Mapletree Logistics Trust @ 1.47 in September and October.   These are incremental purchases added to existing positions. Nothing has changed among my top four positions.   Have been planning to add Ascendas Reit too but price has ran up abit today so will hold on first. However any price below 2.70 remains attractive for this counter.        Reason for adding the above is simple. I have confidence in the business of MIT and MLT in a timeline that is aligned with my p ..read more

So two years passed just like that and what a difference the two years have made!   The price of electricity jumped from my current plan of 17.63 cents per kWh to 30.66 cents per kWh in the new plans. That's a huge jump to say the least. Granted that we can't control the price of electricity, we can at least do some homework to find the best option for ourselves.   So as usual I did some comparison to gauge what are the best plans and promotions available that can give me the best savings.   The first thing I did is to check out the promotions from my current electrical provi ..read more

Family Everyone is generally healthy though wifey lost a big part of her voice after her Covid-19 episode. Luckily she has regained much of her vocals after consulting a TCM.   The kids are now four and two in the blink of an eye. Super cute as ever. Both are loving towards each other yet can be pinching, biting and hitting each other in the next second. The elder one has inherited our stubbornness. Sometimes she just refused to apologise or look at us in the eye when we asked her to. I have noticed the hard approach doesn't really work on her so we are going to try the soft approach ..read more

Oct 2022   Local Portfolio Value after market close (excluding USD and HKD) S$129,568.06 Purchase   None Sold None Dividends   Nil  Short-Term Transactions    ..read more

Sept 2022   Local Portfolio Value after market close (excluding USD and HKD) S$130,521.12 Purchase   None Sold None Dividends   Ascendas Reit: $834.54 CICT: $281.88 MLT: $263.09 CLCT: $574   Total: $1,953.51  Short-Term Transactions    ..read more