Tuesday, June 13, 2023

Added: Link REIT

 


Added 3,000 shares of Link Reit on 9 Jun at HKD47.40


Reason for buying:

1) Near to 5 years low (Even lower than during Covid)


Link Reit is the largest REIT in Asia by market capitalisation

Image from Proposed Merger of MCT and MNACT (Apr 2022)



I believe one of the main reason for this giant to trade at such low price now is mainly due to Rights Issue in Feb 2023 at 29.6% discount to last trading price (Link). This resulted in lower dividend % due to enlarged share numbers. Nevertheless, the Rights Issue is 240% subscribed (Link).


2) Dividend 5.69%


This time round, there is a scrip option for dividend where we can get discounted shares :)


3) PB 0.64


We are looking at 14% upside for PB if it can hit the average 0.88




4) Hong Kong Retail +7.1% rental reversion


Hong Kong Retail is 52.4% of Link Reit portfolio. As long as the rental reversion is positive, Link Reit should be good.
 

5) Hong Kong Car Parks Income


For some reason, I am very attracted to Link Reit Car Parks related business income (18.8% of Link Reit portfolio) given that they are able to increase their income in all their car parks segment. 



6) Capitaland Investment (SGX: 9CI) alternative




Related post:

1) Added: Fortune REIT (HK 778) - Power of Neighbourhood malls

2) SOLD: Fortune REIT (HK778)

Monday, June 12, 2023

SOLD: Digital Core Reit

 


Sold 32,000 shares of Digital Core Reit on 7 Jun at US$0.46

Total profit is SGD 1186.29 (6.4%) for around 2.5months.


Reason for selling:

1) News of Cyxtera Technologies filed for Chapter 11 (Bankruptcy)

On 4 Jun, Cyxtera Technologies (22.4% of Digital Core REIT’s annualised rental revenue) filed for Chapter 11 (Bankruptcy). 

Mr Market seem to welcome this long awaiting news which cause Digital Core Reit shares price went up instead. 

Since majority of US sponsor who listed in SGX market do not have good history outcome, thus, any profit is consider a good profit.


2) Attractive price  

There are many other more stable stocks with very attractive price mainly due to their recent PP/PO/interest rate hike and etc. 

As such, rotating DCReit out of my portfolio to add in a better player.

To be honest, there are many options to choose which is quite headache too (Will blog on my purchase soon).



Related post:

1) SOLD: ComfortDelGro & ADDED: Digital Core Reit


Wednesday, May 17, 2023

Royal Caribbean Spectrum of The Seas Cruise Tips + FAQ + Review of The Key

 


I went for the Spectrum of The Seas (5D4N Penang & Phuket) cruise in May 2023.




1) Should you download the Royal Caribbean mobile apps?

YES YES YES.

The Royal Caribbean mobile apps is a must download before you onboard the cruise. 

It contain SeaPass (Room number, Emergency gathering location and etc), Directory (Opening hours, Map), Remainder for your calendar which you set and Etc.

You should download it as soon as possible or when you made the final payment for your cruise.

One of the top reason is it will show you when you can select your check in timing (Estimate 45days before your sail date). This is first come first serve. 


Tips #1: You should select the earliest check in timing if possible.

Earliest timing is 11am. Priority is given to those who reached within their selected check in timing range. 

Board early to avoid the crowd + eat your lunch + settle down + enjoy the facilities (especially swimming pool).

Queue according to your selected check in timing. You will notice the front few lanes are empty as this photo was taken near to their check in timing. 


Tips #2: If you are a swimming pool lover, make sure you pack your swimwear in your hand carry bag 

Your chance of having the whole pool to yourself before 2pm is super high 💓💘

Enjoying my "private" pool



2) Should you purchase The Key (VIP Pass)?



I personally feel that if you have plan to purchase onboard cruise internet OR you hate to be in queue line for more than 20 mins multiple time in single day, the answer will be a big YES.

Spectrum of The Seas full loads is around 5000+++ guests.

I purchased it and I don't regret paying for it. 


The Key Private Time Schedule:

Rock climbing: Day 2 9am to 10am

Bumper Car: Day 3 9pm to 9.30pm

Flow Rider: Day 4 9am to 10am 


Tips #3: The highest % discount I saw for The Key is 30% off

As The Key is limited, you should buy it asap and if you saw the price dropped, you can cancel it and re-purchase at lower price (Info is correct as of May 2023).


Tips #4: The Key benefits

As the number of The Key is very limited, you need to ownself aware of the benefit. Many times, I need to approach the staff to inform them that I am The Key holder in order to enjoy the benefits instead of queueing up like the rest.

 

The Key Welcome Lunch Menu

6oz Angus Filet Mignon

Caesar

The Key departure day Breakfast Menu


3) Eat in Main Dining Room (MDR) @ Deck 3 instead of Windjammer @ Deck 14

Both MDR & Windjammer are complimentary.

MDR is like fine dining while Windjammer is super crowded buffet spread.

To illustrate the differences, I personally will value MDR at more than S$50 per pax per meal while Windjammer at around S$25 per pax per meal kind of quality. Windjammer is great to go maximum twice in your entire cruise because food are 95% same throughout your cruise.

Looking down from Deck 5 at MDR on Deck 3 


Tips #5: Book/Reserve "My Time Dining" time slot ASAP

Everyone love fine dining, especially when it is complimentary. 

If you don't reserve a time slot in "My Time Dining" to dine in MDR, happy queuing for more than 1 hour for a table during peak hour (Hungry man is an angry man).


Tips #6: Time diff of 1 hour when in Phuket

The cruise will adjust accordingly to local time. When reserving "My Time Dining" time slot, please take note of the time diff. 

Eg: If your usual dinner time is SG 7pm, then you need select 6pm on the day the cruise is in Phuket.

MDR Menu (Menu are change daily <3 )




Escargots



MDR Menu (Menu are change daily <3 )



Grilled Jumbo Shrimp


Baked Alaska


Tips #7: You can select as many dishes as you love to have in MDR (Pls don't waste food)

Why crack your brain to choose only 1 Starters / Main Course / Desserts when it is unlimited :D


Tips #8: MDR do have kids menu too




Banana Split in Kids Desserts Menu <3


4) Room Amenities

You need to bring:
  • Travel adapters
    No Type C or 3pin plug in the room :(

  • Toothpaste + Toothbrush
  • Shaver
  • Shampoo + Body Wash if you dislike the 2in1 provided in room   
  • In room slipper if you dislike walking barefoot 
  • Big personal water bottle + Thermal flask if you need hot water (only 3 bottles of water provided in room)

Tips #9: Refill drinking water in Windjammer @ Deck 14

Depending on your own water intake needs, recommend to bring 2L of empty personal water bottle (with big opening mouth like Meiji milk bottle instead of small opening mouth like 1.5L Coca Cola bottle) so that you do not need to keep going up to Windjammer for water refill


Tips #10: "Do not disturb" / "Clean my room" magnet card can be found behind your main door



5) Penang & Phuket Ports

Phuket port is tricky as it depend on the months you are cruising.
Usually for May to Oct, it is at Ao Makarm Deep Sea port area which is super ulu
For Nov to Apr period, it is at Patong Bay, close to tourist area
Estimated time allow in Phuket is from 8am to 8pm.

Tips #11: Phuket local time is 1 hour behind SG time zone. The cruise will adjust to local time.


Penang port is always at Swettenham Pier. 
Estimated time allow in Penang is from 3pm to 8.30pm.



6) Shows

Post covid, all shows and activities are required to queue (Unlike during covid period, where you can reserve shows + activities via apps) except for The Silk Road. 

Tips #12: "The Silk Road" is available to book around 1 month before your sail date via RC apps



7) Default currency is USD 

Tips #13: The highest % discount I saw for Arcade credit pre-board is 20% off



8) Best deck level to stay in

Waiting for the lift is painful as it is always full.

The most happening deck level are in deck 3, 4,14 and 15.

Tips #14: Best to select Deck 5/6 or Deck 12/13 so that you can climb the stairs instead of waiting for the lift.

Tips #15: Choose rooms that are near to lift area so that you don't have to walk too long back or leave your room.