HongKongLand: Invested more than USD100k into this stock (Part 3)

 

HKL had been doing share buyback almost daily in the month of Oct.

Recap on background

HKL announced share buyback programme on 06 Sep 2021 (Link).

HKL planned to invest up to USD500M till 31 Dec 2022 and shares purchased under in this programme will be cancelled.

HKL share price was USD4.20 on 06 Sep before the announcement was made.

How many % of the USD500M used to date?

Just 17% only

As mentioned in my 13 Oct post (link):

"If only 9% (USD44,045,676 out of USD500M) had been used for share buyback and the share price shot up to USD4.93 now, what will the share price be when its utilize 100% (USD500M)??"

As mentioned in my 23 Oct post (link):

"If only 11% (USD54,136,498 out of USD500M) had been used for share buyback and the share price shot up to USD5.23 now, what will the share price be when its utilize 100% (USD500M)??"

Today key message will be: 

"If only 17% (USD84,176,576 out of USD500M) had been used for share buyback and the share price shot up to USD5.51 now, what will the share price be when its utilize 100% (USD500M)??"

Related post: 

1) HongKongLand: Invested more than USD100k into this stock (Part 2) 

2) HongKongLand: Invested more than USD100k into this stock 

3) Added: HongKong Land USD (Aug 2020)

4) Added: HongKong Land USD (May 2020)

5) Added: HongKong Land USD (Mar 2020)

6) Added: HongKong Land USD (Feb 2020)

7) Added: HongKong Land USD (Crisis is also a time of opportunity)

8) Added: HongKong Land USD (Aug 2019)

Regretted not paying $29 for Secretlab chair assembly service

During product checkout, you have the options to opt for Assembly service at $29 per chair or Same day / Sunday delivery at $19 per chair.

After looking at the official Assembly Guide and Assembly Video Guide provided by Secretlab, my first thought to myself was there are only 15 steps needed, shouldn't be hard. 

Thus I selected to self assemble so that I can experience the wonderful unboxing experience too.   

The whole packaging weighted 34.5kg (Salute to Secretlab delivery man who need to deliver the chair single-handedly).

The packaging hit 1 of my toe when I trying to move this heavy box (Ouch from my toe).

Everything was nicely packed inside.

The quality of the plastic and cardboard used are super thick.

I definitely appreciate this but if Secretlab can achieve the same objective with more environment friendly material used, that will be prefect.

There are 2 steps which require extra pair of hands to help out unless you are very strong.

Well, Secretlab did pre-empt you too in their Assembly Guide.

I would like to add 2 more pointers:

1) You need a big clear space when doing the self assembly

2) Prepare your own scissor

In the end, I think I took almost 30mins to finish assembling my first Secretlab chair and was sweating too in the end.

Conclusion

$29 is worth paying for the assembly service by Secretlab.

Related post:

1) Hottest topic : Open Electricity Market (OEM) Oct2021 Update

2) Review: iLife Shinebot W450 Mop Robot (The Best Value for Money Mop Robot in 2021??)

3) Review: HYDRA S7 Robot Vacuum (The Best Robot in 2020??)

4) Saved 30% electricity bill by switching out from SP Group - Open Electricity Market (OEM)

5) Home renovation regrets that costs you thousands of dollars

6) Tips on buying mattress from Takashimaya, Robinson, Metro, Tempur

7) HDB BTO Key Collection

8) Money saving tips during renovation and buying home appliances

9) How I reduce my POSB fixed 1.4% home loan to 0.85% via POSB cashback bonus

Summary of my portfolio - Oct 2021

    Mr CDxD portfolio

No.	Counters	No. of Shares
1	Frasers Centrepoint	4,100
2	HongKongLand USD	21,200
3	Comfortdelgro	16,000
4	Fastly	1,420
5	Tiger Brokers	6,100

• Bought 16,000 shares of Comfortdelgro at $1.56 on 19 Oct (Link)
• $249.65 of Frasers Centrepoint Trust dividend declared on 27 Oct, payout on 29 Nov (6.089cents / share)

HongKongLand: Invested more than USD100k into this stock (Part 2)

 

HKL had been doing share buyback almost daily in the month of Oct.

Recap on background

HKL announced share buyback programme on 06 Sep 2021 (Link).

HKL planned to invest up to USD500M till 31 Dec 2022 and shares purchased under in this programme will be cancelled.

HKL share price was USD4.20 on 06 Sep before the announcement was made.

How many % of the USD500M used to date?

Just 11% only

As mentioned in my 13 Oct post (link):

"If only 9% (USD44,045,676 out of USD500M) had been used for share buyback and the share price shot up to USD4.93 now, what will the share price be when its utilize 100% (USD500M)??"

Today key message will be: 

"If only 11% (USD54,136,498 out of USD500M) had been used for share buyback and the share price shot up to USD5.23 now, what will the share price be when its utilize 100% (USD500M)??"

Related post: 

1) HongKongLand: Invested more than USD100k into this stock 

2) Added: HongKong Land USD (Aug 2020)

3) Added: HongKong Land USD (May 2020)

4) Added: HongKong Land USD (Mar 2020)

5) Added: HongKong Land USD (Feb 2020)

6) Added: HongKong Land USD (Crisis is also a time of opportunity)

7) Added: HongKong Land USD (Aug 2019)

Added: ComfortDelGro (Oct 2021)

 

Bought 16,000 shares of ComfortDelGro (CDG) at $1.56 on 19 Oct.

Reason for buying:

1) High potential to revert back above $2 in 2022

Gov had changed from "Zero COVID" to "Living with COVID" policy.

Thus, low chance Singapore will go into lockdown situation.

2) IPO in Australian Securities Exchange (ASX)

The IPO in ASX should be completed in Q4 2021 (News Link).

CDG also just completed "Acquisition of Assets in Australia" on 1 Oct (News Link).

3) Won Auckland Rail Franchise (ARF) contract worth $1.13B

Contract start 16 Jan 2022 for 8 years, with options for extension (News Link).

4) ComfortDelGro consortium wins public EV charging infrastructure tender (SG)

News Link

5) Operating profit $134.6m for 1H2021

6) Net cash increase to $417.3m

7) Dividend resumed

8) CDG is stronger right now than in 2020

I had bought 14,000 shares at $1.45 on Jul 2020 (Link), 13,000 shares at $1.43 on Sep 2020 (Link) and 18,600 shares at $1.57 on Feb 2021 (Link).

The price today at $1.56 is definitely safer than my previous 3 buy of CDG.

Related post:

1) SOLD: ComfortDelGro (Jun 2021)

2) ComfortDelGro AGM 2021

3) Added: ComfortDelGro (CDG) Feb 2021

4) Added: ComfortDelGro (CDG) Sep 2020

5) Added: ComfortDelGro (CDG) Jul 2020

Hottest topic : Open Electricity Market (OEM) Oct2021 Update

 

Source: https://www.ema.gov.sg/Residential_Electricity_Tariffs.aspx

As of 20 Oct 2021, only 9 electricity retailers companies left which you can switch out from SP Group for your house electricity. (Update 19 Oct: Best Electricity exit wef 21 Oct)

Ohm energy & iSwitch had just announced they will exit and all customers signed under the company will be transfer back to SP Group wef 20 Oct & 12 Nov respectively (Link).

Due to the recent spike in electricity rates, expecting more electricity retailer to exit soon (High potential are Best Electricity as they seem to stop new signup and Diamond Electric as the only plan they have is 0% discount).

The Business Times 18 Oct 2021

To sign up for FIXED or DISCOUNT plan?

My recommendation is to sign up for FIXED plan.

If you need statistics data, please refer to my old post here.

I believe those on Discount plan will tell you how much higher they are paying since the tariff rate have been revised upward (Everything up except salary never up :p)

Which retailers?

If you prefer 1 combine bill with SP Group (Water + Gas), then your only option now is Tuas Power.

If you dont mind to have a separate bill for your electricity, then any retailer which marked with green have one of the lowest rate for your consideration.

Geneco rate is higher than SP Group rate of 25.80cents. There is no reason to jump to Geneco.

If you still prefer Discount plan (not recommended), then Senoko Energy / Keppel Electric look good now.

One thing for sure is you are paying more if you continue to stay put with SP Group.

 

The Straits Times 20 Oct 2021

What is my recommendation? 

Go with Tuas Power Fixed 18 months plan.

Reason being:

1) Given the recent spike in electricity rate, all the retailers had increase their rate. Therefore, not worth to sign 24months or more at this moment. Experts interviewed in above articles estimate it will remain high till end of 2022. Thus, 18 months plan is the best sweet spot to go for.

2) Only retailer which able to deduct Electricity + Gas + Water bill using U-Save voucher directly due to 1 single SP Group billing.

3) Only retailer which provide hardcopy bill free of charge (Other retailer charge $1-$2 for each hardcopy bill)

4) Do not need to pay for security deposit

5) 3 tiers of Referral program "Refer A Friend+".

Only retailer which referral credit able to offset directly to your monthly SP bill.

Tier 1: When you refer your friend Alice (Tier 1), you will get $20.

Tier 2: When Alice refers her friend Bernice (Tier 2), you will get $10.

Tier 3: When Bernice refers another friend Calvin (Tier 3), you will get $5.

6) Bonus Treats & Deals in your member portal "T+ Members".

Please enjoy your extra $20 bill rebate if you use my referral code RCF2364 for online signup in TuasPower website

You will get $0 bill rebate if you did not key in any referral code.

Related post:
1) Saved 30% electricity bill by switching out from SP Group - Open Electricity Market (OEM)
2) Home renovation regrets that costs you thousands of dollars
3) Tips on buying mattress from Takashimaya, Robinson, Metro, Tempur

4) HDB BTO Key Collection
5) Money saving tips during renovation and buying home appliances
6) Review: HYDRA S7 Robot Vacuum (The Best Robot in 2020??)

7) Review: iLife Shinebot W450 Mop Robot (The Best Value for Money Mop Robot in 2021??)

8) How I reduce my POSB fixed 1.4% home loan to 0.85% via POSB cashback bonus

Summary of my portfolio - Sep 2021

   Mr CDxD portfolio

No.	Counters	No. of Shares
1	Frasers Centrepoint	4,100
2	HongKongLand USD	21,200
3
4

• $62.93 of Ascendas REIT dividend payout on 3 Sep (2.03cents / share)
• Sold 3100 shares of Ascendas REIT on 20 Sep at $3.13. Total profit $854.60 (9.4%) in 6 months (Link)
• Bought 4100 shares of Frasers Centrepoint at $2.30 on 24 Sep (Link)
• US Stock market trading update: Loss USD912.74 for Sep (Link)

HongKongLand: Invested more than USD100k into this stock

 

In total, I had 21,200 shares of HongKongLand(HKL) in my portfolio.

01 Aug 2019: 10,000 shares at USD6.10 (link)

29 Aug 2019: 2,000 shares at USD5.44 (link)

21 Feb 2020: 2,000 shares at USD5.36 (link)

10 Mar 2020: 1,500 shares at USD4.65 (link)

27 May 2020: 4,000 shares at USD3.50 (link)

04 Aug 2020: 1,700 shares at USD3.73 (link)

Average price work out to be USD5.19

Total dividend received: USD9,016

Average price become USD4.76 after including dividends received.

This is the power of dividend while waiting for the price to recover.

HKL announced share buyback programme on 06 Sep 2021 (Link).

HKL planned to invest up to USD500M till 31 Dec 2022 and shares purchased under in this programme will be cancelled.

HKL share price was USD4.20 on 06 Sep before the announcement was made.

If only 9% (USD44,045,676 out of USD500M) had been used for share buyback and the share price shot up to USD4.93 now, what will the share price be when its utilize 100% (USD500M)??

 

The Good

1) PB 0.33 only

NAV USD14.75 as of Jul 2021

2) Steady dividend

3) Good credit rating

As of 30 Jun 2021: 

S&P 'A' & Moody's 'A3'

We do not want a repeat of China Evergrande to happen to HKL.

Risk

1) Falling net rent and vacancy % increasing in Hong Kong Office Portfolio

    

Given 69% of the assets are in Hong Kong, it will have a big impact on the financial if Hong Kong Office Portfolio continue to weaken.  

Lesson learnt on paper loss SGD100k++ in US stock market

This should be the most painful post I ever blog about since I first started blogging in 2016.

I hope I will never had to blog any similar post ever again. 

Sometime in July 2021, with the objective of able to FIRE earlier, I had decided to shift from SGX to US stock market (Read: Sustainable to become full time stock trader??).

I believe readers like yourself had heard / read the following:

"STI = Super Terrible Index"

"It had never reach the record high set since 2007..........." 

S&P500 chart

"Many multi-bagger stocks in US stock market"

"I just sold a 2X / 3X / 4X / 5X / 10X bagger in US stock market"

Given last year when stock market finally corrected/crash, I managed to hit a new portfolio milestone of $200k in Apr 2020 and $300k in Nov 2020 (Read: New milestone - $300,000 portfolio).

Now post market crash, I am paper loss SGD100k++

It is as though "A" student failed his school module which doesn't require any written paper exam 

(Fun Fact: Yes, I failed my 1 and only uni module which don't have any written paper exam)

 

1) I am a fish in a pond (STI) vs fish in open sea (US Market)

Underestimated the "current" which cause the price range volatility 

2) Jump straight into open sea without doing warmup

I let my guard down.

I thought I am a good swimmer (started my investment journey since 2013).

But swimming in a pond vs swimming in open sea is very difference.

The initial "swim" portion (nearer to the shore) was great.

I profit 21.6% in 12 days (Read: SOLD: Crowdstrike (My maiden USA stock)

I started selling my SGX stocks to lock in profit so that I can channel the money into US stock market.

(Read: SOLD: Frasers Centrepoint Trust)

By July 2021, I only left with Ascendas REIT and HongKongLand in my SGX portfolio in a short 2 months span (Read: Summary of my portfolio - Jul 2021)

3) Investor mode -> Gambling mode

I used to write reasons for each buy and sell BUT I totally stop doing so since Jul 2021. 

Coincidentally, my first buy without any writing reason is Tiger Brokers on 2 Jul, which is the start of my huge paper loss.

My Gambling mindset "All I was looking for is just able to earn USD200 / day so that in a single month, I will have USD4000 / ~ SGD5000+, enough to achieve FIRE." was captured in US stock market Trading update for July post.

My plan was to buy sell any shares and lock in profit as long as I earn USD200 / day using capital of USD81k. Sounds easy right as I just need the stock to raise 0.25% will do. 

Sounds similar going into casino and place bet on "Big" / "Small"

I clearly found the answer which I asked in Jul 2021 Sustainable to become full time stock trader?? post.

I believe all my readers are wise man :) 

Related post:

1) 34 financial tips for my 34th Birthday

2) Sustainable to become full time stock trader??

3) New milestone - $300,000 portfolio