Sunday, August 30, 2020

Summary of my portfolio - Aug 2020

Mr CDxD portfolio

No.CountersNo. of Shares
1First REIT48,000
2HongKongLand USD21,200
3ST Engineering20,000
6Keppel Corp6,000
7NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver178

  • Bought 1,700 shares of HongKongLand on 4 Aug at USD3.73 (Link)
  • $1,000 of ST Engineering dividend declared on 14 Aug (5cents/share), payout on 2 Sep
  • Bought 178 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.12 (Cost: $199.18)
  • Bought 6,000 shares of Keppel Corp on 26 Aug at $4.60 (Link)

Mrs CDxD portfolio

No.CountersNo. of Shares
1STI ETF via POSB invest Saver928

Apr 2020: 185 shares at $2.67                Cost: $498.37 (with $4.42 sales charge)
May 2020: 190 shares at $2.604             Cost: $498.87 (with $4.11 sales charge)
Jun 2020: 182 shares at $2.725              Cost: $499.96 (with $4.10 sales charge)
Jul 2020: 183 shares at $2.695               Cost: $497.37 (with $4.10 sales charge)
Aug 2020: 188 shares at $2.628             Cost: $498.17 (with $4.08 sales charge)

  • $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares

Wednesday, August 26, 2020

Added: Keppel Corp (Aug 2020)

Bought 6,000 shares of Keppel Corp on 26 Aug at $4.60.

Without these bad news recently, I wont be able to buy Keppel Corp at such cheap price.
              - Withdrawal of Temasek offer
              - 1H result net loss due to impairments
              - COVID 19
              - Low oil price
              - Reduced dividend

Reasons for buying:
1) Price at 10 years low

2) PB 0.81

3) Keppel Corp Holdings

Keppel DC REIT + Keppel Infrastructure Trust are two of my most favourite.

4) Keppel Corp Vision 2030

5) Potential Temasek re-offer 6 ~ 24 months later
It really make no sense for Temasek to proceed with the original offer given that how bad current economy is. Worst is nobody knows how long this cold winter will lasts. 

Thus, Temasek need to conserve cash and "help" their other children who need the cash more to survive.

As such, the offer plan was cancel and should get review again in near future.

For Temasek to make their initial offer, thousands of man hours, justifications, if-then-else scenario  and etc had sunk in. 

6) Sustainable Future

Related post:

Monday, August 10, 2020

Switched from DBS Multiplier to POSB Cashback Bonus account

For the last few months, the interest rate for our saving account had been dropping.

This is mainly due to FED had decreased the interest rate.

This near zero interest rate will likely remain till 2022 (Link).

Given that stock market had also taken a hit in the last few months, I had used almost near 100% of my warchest kept in DBS Multiplier account to buy stocks such as HongKong Land, UIC, ComfortDelGro and ST Engineering.

As such, if I were to continue to remain in DBS Multiplier account, the interest amount i will be receiving for the month of Aug 2020 will be less than $1.

Thus, I made a switch from DBS Multiplier to POSB Cashback Bonus account on 8 Aug 2020 in order to maintain similar interest amount i had been receiving via DBS Multiplier.

The categories are similar in both DBS Multiplier and POSB Cashback Bonus account thou.

The main diff is DBS Multiplier award your interest rate based on your Transactions amount + Multiplier account balance vs POSB Cashback Bonus just based on your Transactions amount.
DBS Multiplier

POSB Cashback Bonus

Why POSB Cashback Bonus account instead of DBS Multiplier?
POSB Cashback Bonus account will be good for those like me who are low in saving currently.

Can I join both POSB Cashback Bonus and DBS Multiplier program?
Nope. You can only join 1 program.

How do i make a switch from DBS Multiplier to POSB Cashback Bonus and vice versa?
Log in to your ibanking account -> Request -> More Request -> Switch Bank & Earn Programme
The switch is instant.

More questions?
Refer to POSB Cashback Bonus FAQ

Oct Update: Decision was right to make the switch (Link) based on bonus statement received for Aug & Sep

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Thursday, August 6, 2020

Why you should sign up for NTUC Union membership now........

Given the current COVID situation, more and more company start right sizing aka retrenchment.

1) Pratt & Whitney lays off 20% of Singapore workforce due to COVID-19 
2) RWS workers face uncertain future after mass retrenchment exercise
3) “Retrenchment is likely to rise”: Chan Chun Sing addresses post-GE plans
4) One in four Singaporeans laid off amidst pandemic
5) Coronavirus: Singapore’s Q2 retrenchments spike, surpassing Sars levels

As an individual employee, it is an unfortunate event if your name is in the list.
It is even more unfortunate if your company shortchange you on your retrenchment package.

At this current situation, it is more critical than before to become NTUC Union member to protect your rights as an employee.

But we need to be clear here.

By becoming NTUC Union member, it do not prevent you from been retrenched.
However, it provides you with a channel to seek help to aid you with a helping hand and voice if you received an unfair package.

There is an interview recently with Labour Chief Ng Chee Meng regard to "How to receive fair treatment for retrenched workers" in Ch 8 Hello Singapore 狮城有约.

Difficult days ahead amid Covid-19 but NTUC will support workers: Ng Chee Meng

If you are unfortunately already been retrenched or paycut, NTUC Union launched "NTUC Care Fund (COVID-19) where both existing and new NTUC Union members can receive a one-off cash relief of up to $300 (Link).

Q: What is the benefits of an NTUC Union Member?

Reason 2: Union Training Assistance Programme (UTAP) 
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP.
NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022 (Link).

I had claimed once personally and did not face any difficulty submitting for the claims :D

Reason 3: Complimentary Group Insurance coverage for death and TPD up to $40,000
All union members who are below 65 years old are automatically covered against death and total & permanent disability (TPD) of up to S$40,000. Union leaders are eligible for double the sum assured. Union members’ spouses below 65 years old are also covered against death and TPD (Link)

Reason 4: Privileges
There are alot of privileges (Link).
One of the most popular is if you shop at NTUC Fairprice [4% cash rebate on purchases of up to S$6,000 made in the last financial year (1 Jan to 31 Dec), along with 5% dividends (worth $1) for 20 shares.]

Q: How much it cost to become NTUC Union members?
A: The annual fee is $117 ($9 per month from January to November and $18 for December).

I believe you can easily recover this $117 annual fee, which technically mean your NTUC Union membership is actually free.

In the worst case you do not used any of the benefits and privileges, then treat this $117 as buying "insurance" for your job salary.

Current referral promotion:

You can sign up via my referral link here (Ref code: 5614461) and enjoy your free OTO Back Support.

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Tuesday, August 4, 2020

Added: HongKong Land USD (Aug 2020)

Bought another 1,700 shares of HongKong Land on 4 Aug at USD3.73

This is in additional of:
(i) 10,000 shares bought on 1st Aug 2019 at USD6.10 (Link)
(ii) 2,000 shares on 29 Aug 2019 at USD5.44 (Link)
(iii) 2,000 shares on 21 Feb at USD5.36 (Link)
(iv) 1,500 shares on 10 Mar at USD4.65 (Link)
(v) 4,000 shares on 27 May at USD3.50 (Link).

This bring my total holding to 21,200 shares. 

Reasons for buying:
1) Expected 1H 2020 result announced on 29 Jul 

Hong Kong Land released their 1H financial result on 29 Jul (Link).
Apart from the COVID19 situation, Hong Kong also faced with their own political social unrest for the past 1+ year. 
Thus, given the 1H 2020 result, I feel that it is quite good as compare to other property developer company.

Dividends maintained at 6 cents too (As expected and mentioned this in my Aug 2019 purchase Link).
HongKong Land should not have any issues maintaining or increasing their dividends in the near future.

I will not go into detail on their 1H 2020 result as i just did a similar one for their Q1 interim result (Link).

2) Dividend + Growth stock
At my purchase price of USD3.73, Hong Kong Land is paying 5.9% dividend with PB 0.24

This have become a dividend + growth stock.

3) Post COVID office concept
Aside from the Work From Home (WFH) concept which is negative news to commercial landlord, the 1m social distancing requirement will be positive news to commercial landlord. 

For example: The usual 6 seaters meeting room can now fit in 3 pax.

Those employees required to work in office will have bigger desks.

Related post:
1) Added: HongKong Land USD