Third time lucky

Previously, CMA - unsuccessful
Ryobi Kiso - unsuccessful
Finally this time, Cache - successful (albeit only allotted 1 lot) =D

Yeah! Hope it has a solid debut on 12 April, Monday!

Cache IPO 7.8 times subscribed

CACHE Logistics Trust’s initial public offering (IPO) of 474.1 million units was about 7.8 times subscribed, drawing support from major institutional investors from Asia, Europe, the Middle East and Australia.

Other institutional investors who were allocated units under the placement tranche include DBS Asset Management Ltd and Fullerton Fund Management Company Ltd.

Trading in the counter on the Singapore Exchange is expected to begin at 2pm today.

At the offer price of 88 cents per unit, gross proceeds of $417.2 million have been raised.

The trust will be managed by ARA-CWT Trust Management (Cache) Limited, a 60:40 JV between ARA Asset Management and CWT Limited. CWT is also the Reit’s sponsor.

The offering comprised an international placement of about 433.1 million units, as well as 41 million units to the public in Singapore of which 14 million units were reserved for subscription by the directors, management, employees and business associates of CWT, ARA and their subsidiaries.

The real estate investment trust (Reit) will hold an initial portfolio of six properties in Singapore with a total gross floor area (GFA) of 3.9 million square feet.

The Reit will focus on expanding locally in the near term before looking at acquisitions in foreign markets such as Greater China and Malaysia.

Some of the principal unitholders of Cache include CWT (12.2 per cent), ARA, C&P Holdings, and cornerstone investors JF Asset Management Ltd and Morgan Stanley Investment Management Company.

Cache’s manager has forecast for the current year ending Dec 31, 2010 a distribution per unit of about 7.65 cents, which reflects a distribution yield of 8.7 per cent.


Cache Logistics Trust rose 8.5% on trading debut
By Jo-Ann Huang | Posted: 12 April 2010 2301 hrs

SINGAPORE: Cache Logistics Trust (CLT), the first pure logistics real estate investment trust (Reit) to be launched in 2.5 years, had a bright debut in the Singapore Exchange (SGX) on Monday.

The counter ended its first trading day at 95.5 cents up 8.5 per cent from its offer price of 88 cents.

The stock also hit as high as 99.5 cents during intra-day trading before some profit taking activity pared off part of its gains.

It was also the most actively traded counter in SGX with 149.4 million units changing hands valued at S$144.8 million.

The Reit is jointly managed by CWT-ARA Asset Management and currently has six properties with a total gross floor area of 3.9 million square feet in its portfolio.

Brokerage firms CIMB and DMG have issued upbeat reports on the Reit as well.

CIMB has an "outperform" rating with a target price of S$1.23 supported by potential acquisitions worth S$220 million.

Meanwhile, DMG has a "buy" rating with a target price of between 96 cents and S$1.09.

Citing the properties proximity to established logistics clusters such as Changi Airport, PSA Terminal and Jurong Port, the DMG analysts reiterated that the assets currently enjoy a higher than average occupancy rate of 94.1 per cent compared to the industrial average of 90 per cent. - CNA/vm

AUD / NZD Update April 2010

AUD and NZD are traditionally high-yielding currencies. Historically, foreign currencies also tend to trade within a band. Therefore, when it was reported in the news that the AUD was at a historical low, my brother and I felt it was a safe bet to park our non-emergency money there and just let it grow. Even if the exchange rate doesn't appreciate in our favour, we would still have the high interest to fall back on, not forgetting the power of compounding. However, our plan turned out to be not as foolproof as we thought and we were hit by the interest rate cuts, although Australia has started to restore them back to historical levels (see below).

SYDNEY - AUSTRALIA announced its fifth rate hike since October on Tuesday and said borrowing costs would continue to rise as growth and inflation return to normal after the global crisis.

The Reserve Bank of Australia (RBA) lifted the official cash rate 25 basis points to 4.25 per cent, underlining confidence that the country has seen off the downturn unscathed and must now work to moderate prices.

'The board judges that with growth likely to be around trend and inflation close to target over the coming year, it is appropriate for interest rates to be closer to average,' RBA governor Glenn Stevens said in a statement.

Australia was the first developed economy to lift rates after the world's biggest financial shock since the Great Depression, raising them 25 basis points to 3.25 per cent in October and a further four times since.

The Reserve Bank is now unwinding its emergency cuts of late 2008 and 2009, when interest rates were slashed by 425 basis points to a five-decade low of 3.00 per cent as the world economy tanked.

'Australia's terms of trade are rising, adding to incomes and fostering a build-up in investment in the resources sector,' Mr Stevens said. 'The rate of unemployment appears to have peaked at a much lower level than earlier expected. 'The process of business sector de-leveraging is moderating, with ... indications that lenders are starting to become more willing to lend to some borrowers.' -- AFP

Disclaimer: Rates plotted are for 3-mth fixed deposits with OCBC, and not RBA nor RBNZ rates

Portfolio Review 1Q10

This is to track the performance of my stock portfolio over the course of the year.

Currently, I am holding onto 6 counters:

1. FrasersCT
   
   • Buy
     Upcoming acquisitions of NP2 and Yew Tee Point (achieved) -> increase in DPU
     Suburban malls near MRT stations mean non-discretionary spending by catchment populations -> stable DPU
2. Suntec
   
   • Buy
     
   • Upcoming Marina Bay Sands and Esplanade + Promenade Circle Line MRT stations catalysts
     Retail strength in central CBD area
     Only mixed office and retail REIT -> diversification within a single REIT
     
3. PLife
   
   • Buy
     Low gearing -> possible debt-funded acquisitions (achieved) w/o share dilution
     Resilient healthcare sector -> stable DPU
     
4. Starhill
   
   • Buy
     Announced acquisitions of David Jones building in Perth, and Starhill Gallery and Lot 10 in KL
     Retail strength in prime Orchard area
     Share price near placement price -> downside probably limited
     
5. GuocoLeisure (2012 portfolio)
   
   • Buy
     Possible privatization by Quek Leng Chan
     Hospitality strength in London and oil royalties from Australia Bass Strait
     Proxy to hospitality sector
     Possible 2012 London Olympics catalyst
     
6. Saizen warrant (2012 portfolio)
   
   • Buy
     Probable DPU resumption in 2010 -> possible share price re-rating by market

Next portfolio review due after 30 June.

Note to self: NAV includes realised P/L, fees and dividends. Performance vs. STI measures only paper value.

From the beginning...

In July 2009, I opened my first and at present, only brokerage account with DBSVickers. For its Cash Upfront online trading account, it charges a minimum of $18 per trade, as compared to $22 for Citibank and $25 for the rest.

When I started out, I knew minimal FA and zero TA. I was armed only with my personal belief in two things at that time: property and commodities.

From a school project by my brother's gf, I first got to know about REITs and after further research, I decided to focus on REITs for the property part of my stock strategy. As to the commodities portion, I looked at the SGX website and clicked on the AGR and MINQ categories. This led me to the oil palm and coal-mining companies.

REITs

1. Cambridge
   
   • Buy
     High yield
   • Sell
     High gearing of >40%
     Scrip dividend plan (can opt to receive dividends in the form of shares) -> DPU dilution
2. Mapletree
   
   • Buy
     Announced acquisitions of warehouses in Singapore and Japan
     Share price near placement price -> downside probably limited
   • Sell
     ARA and CWT plans to list a new industrial REIT (Cache Logistics Trust)

Commodities

1. Golden Agri
   
   • Buy
     Cheapest STI component stock
     Low PE
     CPO prices near historical low
     Proxy to commodities sector (palm oil)
     
   • Sell
     Took profit
     Kancheong
   • Lessons learnt
     Exercise patience and timing
     
2. Straits Asia
   
   • Buy
     China increasing coal demand
     Global economic recovery
     Proxy to commodities sector (coal)
     
   • Sell
     Loading facility in the coal mine collapsed due to heavy rain
     Share price gapped down the next day
   • Lessons learnt
     Expect the unexpected
     

Currently, I rely on a friend to help me look at the charts occasionally when he is free. Hopefully in future, I will be able to learn more of FA to improve my stock screening and more of TA to time my entry and exit points better. Finally, to all FA investors and TA traders and "Huat ah, shortist/longist die pain pain" speculators out there, I wish everyone good luck and HUAT AH!

One for the books!

This is a funny story. Will be telling for generations to come. Future cyclers will hear our tale and heed our advice.

Things that went wrong
1)KKS woke up late (wasted time waiting for kks at bishan)
2)Ralf was late (wasted time)
3)Bernard forgot to take the coupon for rental (Wasted time)
4)KKS Waited at the wrong point
5)Couldn't decide on a meeting point ( too much people) (wasted time)
6)Ralf and Yogi decide to pump their tyres (Wasted more time)
7)Wasted too much time, cannot start already
8)Ralf's tyre was punctured (That was the last straw)

Well, at least we did something.
Things that mounted to frustration
1)Official said we couldn't start
2)Human traffic and road closures

Ralf and yogi (Ralf pushing the punctured bike)

Guess who? (ok too small to see. Click to enlarge, I think)

Personal Financial Journey

This blog was started as a joke by one of my crazy friends and for what it was worth, faithfully maintained throughout my undergrad days. For that, thanks kks! (btw, how do I reinstate the chatterbox?) However, henceforth this space shall serve a serious purpose for me. From now on, it will track my personal financial journey, for better or for worse, and will be a reminder of my investment efforts, whether in the stock market or otherwise.

Firstly, to bring my portfolio up to date:

• 30 July 2008
  I graduated in 2008 and my first job began on 1 Aug 08. One of the first financial instruments I set up was an ILP with Manulife, with regular monthly premiums going into a China equity fund and a Singapore equity fund.
• 16, 17 Oct 2008
  Opened AUD and NZD fixed deposits respectively with OCBC under two names: my brother and I. Bought AUD at 1.0602 and NZD at 0.9208 with auto-renewal every 3 months.
• 7 Jan 2009
  Did a top up of my ILP China and Singapore funds
• 11 May 2009
  Did a top up of my ILP and bought into GEMs and India equity funds
• 6 - 24 July 2009
  Opened a trading account with DBSV, using ibanking cash upfront account for cheaper brokerage fees of $18 per transaction. My first trade was Golden Agri, bought at $0.33 and sold at $0.375
  
• 28 Aug 2009
  Collected dividends from Cambridge and FCT
• 2 - 9 Oct 2009
  Bought Straits Asia at $2.03 and sold at $2.07 after the loading facility collapsed due to heavy rain (must thank Bernie for alerting me to this news, otherwise I would have been mong cha cha about the sudden share price plunge the following day)
  
• 15 July - 14 Oct 2009
  Bought Cambridge at $0.375 and sold at $0.45
• 26 Nov, 14 Dec 2009
  Collected dividends from FCT, Suntec and PLife
• 2, 15 Dec 2009
  Did a fund transfer of all my existing ILP funds into a single Asia equity fund and then a partial surrender to lock in my profits from the two top ups earlier in the year. Also, switched the allocation for all my monthly premiums to the same Asia fund
• 24 Dec 2009
  Received advanced distribution from Mapletree due to private share placement
• 20 Jan 2010
  Received advanced distribution from Suntec due to private share placement
• 10 Nov 2009 - 10 Feb 2010
  Bought Mapletree at $0.705 and sold at $0.785
• 26 Feb 2010
  Collected dividends from FCT, Suntec, PLife, Mapletree and Starhill

Will review my current portfolio after every quarter, first one due on this blog after 31 Mar.

OWE MONEY PAY MONEY!

So I've won the last season's FPL!

Go me! You can rest assure that this season I'll be the winner again!

but someone hasn't paid me yet... and the new season's starting..

Now that Newcastle has been relegated.. I'm a new found Wolves fans.

I digressed.. someone *cough ask cough*ka *cough.. hasn't paid me yet.

in the famous words of Jerry Maguire "You had me at Hello"

er.. wrong quote..

"SHOW ME THE MONEY!!"

That someone.. OWE $ PAY $!!!~ You know who you are..

Newcastle lost again!

Omg Omg.. If Newcastle loses to Aston Villa in week 38, They're relegated.

If Hull city beats Man U,Regardless of whatever the result, They're relegated.

So Newcastle is at the mercy of Man U. Now that they got the title, they'll probably let Hull Beat them

Omg Omg!

The only way to save Newcastle is if they win Aston Villa and Hull city loses to Man U. That's probably 10% chance.

*plays sad music

No worries, We'll be back..

Meanwhile check out more Nobody MVs from Today's Pinkdot Event...
http://www.youtube.com/watch?v=4Ho_vg-OLo4

Omg omg..!! This girl reminds me of...

Aska.. Lol!!~

http://www.youtube.com/watch?v=vM-SfiqBCJE

Hi, I'm still alive..

holy Crap, my chat is broken.. boo hooo....

HAPPY CHINESE 牛 YEAR!!

GET IT?

Niu sounds like new which is like so creative la!
I'm so awesome!

Ate at ministry of Food!! ming says 牛 year cannot wear red, cos Cows will ram you as you're wearing red. It's so ridiculous! What if you're chasing a girl who's born in the year of the cow, and you want her to be attracted to you? Then how? haha

Playing the "best cover your face look game!!"


IS IT MING!!?

OR IS IT BER?

OR IS IT MEEE!!!!

HINT* Pick me!!!!!

Whahahaaa


We had this hot and cold japanese Dessert. It's awesome, the ice cream's not so sweet and the sweet potato is hot and nice. It's a marriage between hot and cold.You have to eat it really quickly cos the Potato is hot and will melt the ice cream.

FINISH!!

Till next time!!
tata

HAPPY NIU YEARRR AGAIN!!

Happy 2009~!

Wishing everybody success in their careers, love lives and Strike 4d once in a while!

Yippee!!!!!!! ORD LOR

Woot!!~ ORD LORRRRR!!!!!!!
:)))

Commencement

4 years for a piece of paper that says you have been conferred the bachelor of Engineering First Class honors.

4 years for a scroll containing the bloody piece of paper that says that!(and a book to put your transcripts)

Was it worth it after all?

Liverpool Signs Villa!

Torres and Villa
In the same club!?~
Liverpool = Spain?
Is it finally gonna be Liverpool's year?
.
.
.
.
.
.

Nah.. cos Chelsea will win!~ CHELSEA Ftw~

Steamboat!

Had treated the guys cos I got Lots of As again! woot.. I love me...

Piles and piles of meat!

Crab meat!!

Can't wait for my down under trip!

Ciao~

Treat!

Omg I got A+ for Computational finance. Treats for all my Gek Mates! As promised!

I'm a man of my words!

Seriously.. It was so easy. haha

Squash!!

Squash!

TAIWAN!!~

First night
Chocolate box hostel!! It's nice, clean and homely. The owners are really nice too!

Jimmy, Lam and us in the living room

After Checking in, we went to Shida night market to eat, it was just behind the hostel. Then we went to Room18 near NYNY Taipei 101.

Us at room 18!!~ A lot of Tw meimeis!!
There's this 马甲秀 that night which Ber wanted to go see :P It was great!

Day 2

Breakfast 豆浆油条。。

Went to Shida university

Walked around the School..

Went to a park! saw Squirrels!
OMG so cute!
So many of them
*Drools
Uncle feeding the Squirrel


CKS memorial

Went to 西門町 to walk walk, Lam( the hostel guy) said there are 援交妹 ard the MRT exit 6 towards ximending area abt 3000NT for 1. Don't wait around the area if you're there or people will think you're a 援交妹.. haha..lots of clothes, there are occasionally beggars in the centre square and a fatty guy dancing on the Sony platform in front of the Plasma Tv screen.He's one of the "attractions" also .. haha..watch out for him if you go there.

then we ate Donuts!
Then we went to 公馆 Nite market..
超大葱饼！Eat until very full..


Then eat some more

鸡排！

羊肉菜

Then on the way back.. eat some more..

Mixed fruits Dessert! for 3

Day 3 Alishan

Took HSR about 1.5hrs compared to normal train 3.5hrs to Chiayi, where Charlies liu , our tour guide was waiting



HSR train
Inside the train

Met with our guide, had Famous Chicken rice, then went to fruit stall to buy fruits

That guy is Charlies liu!


The melons are damn big!!
Went to see some bridges..


天长 Bridge..


地九 bridge lower down..
Walk both bridge will 天长地久...
Charlies liu! Alishan 车神， he drives damn fast!~

View from above the mountain.It's foggy, and cold.
Our room. It's freaking cold at night.
View from the room
Receptionist



Their dogs, 小虎， 老花 and 小花
Walked ard the shops of 奋起胡 and the some tracks.
奋起胡 station where we saw Yagiza when we were taking the forest train back the next day, but she didn't see us..
People cooking Bamboo

Chickens sleeping on the perchAte 阿良火车便当 with Bamboo soup for dinner. Charlies Liu packed our leftovers for the dogs.

Went to some other home restaurant to eat 爱玉，Chinese Jelly nice!

Me through the fog

Day 4 Alishan

Internet Access
Common area
me coming down the stairs

好想告诉我的她，这里像副画
阿里山Forest Recreation area.. Bring Student ID, Half price!!
Us and Charlies Liu!
Train station
Had a heavy Breakfast. The Gal thought we wanted more guotie, then gave us like 3 plates.

Alishan rail, it would be really nice in Cherry blossom season when the 樱花 are in Full bloom

Us in front of a hole in a tree trunk
Me acting cool at the Big Sister pond.
Tree trunk that looks like a pig
Walking the forest trail, hiked for about 2hrs..

3 Generation tree
Hole in a tree
Tree that looks like an elephant
Food!!


Bamboo chicken
On the forest train back! 3.5 hrs to Chiayi

View from Train.. It's really a Forest TRAIN!!
Went to buy Chiayi's Turkey Rice cos it's everywhere, we thought we gave it a try.
Waiting for train at Chiayi Rail
Turkey Rice we ate on the Train
Me on the train back to Chiayi.. Pretending to Msg someone.

Checked in at Taiwanmex. It's named Taiwanmex because, Raul's Mexican and his wife is Taiwanese, so Taiwanmex!! cool!
Went to try 肉棕，四神汤。。for supper

Day 5

Had 汤包 some 蛋饼 and 豆浆 for Breakfast
Went to Taipei underground mall to play some basketball games
199NT jeans!

When to Ximending to walk again!
Had Duck noodle

went to 国父纪念堂
There are a lot of hiphop dancers practicing outside the memorial hall. Some of them are cute mei meis!! Slurps

Sun Yet sun
View from the memorial hall
Taipei 101 nearby
Hourly Changing of the guards.
The Green is army, the white is Navy, the three Branches, Army, Navy and Airforce take turns doing shifts guarding the statue
We saw the 5 pm changing of the guards

Not bad wor..

Went up to Taipei 101!!! Go to the fifth floor to buy tixs! Bring student pass, got discount!


View from on top
Interior of the viewing room
Ahh it's so tall!
101om/min Elevator!

View of the building at the outdoors observatory
Sunset on top 101
Wind Damper!!

Wind Damper info tilted sideways!!
Same LOVE as the love outside glasshouse Fish and co
太帅
Infested with People!!
Wufengpu

Then we crossed the Street to a bridge to go to Raohe night market

绕河night market It's the second best of all the night markets we went to compared to Shilin.

Me finally tearing off my old screen

Asking the uncle to put the handphone protector

Took a train back for 18NT It's faster than the Metro mrt.

Day 6

Had Ham Egg roll

Took an inter-area train to Keelung

Keelung!!

Raining weather

Took a bus to Yeliu , bring coins! Coins are needed to take the bus

Cute dog at Yeliu
Yeliu
View from Yeliu harbour

Yeliu Park!
GeoRocks
I'm looking far away, I'm look so cool

Seeing the rocks!!
Famous Queen head at Yeliu
Seafood Lunch at Yeliu
Yum!
Sweet oranges
Omg what's that!!
OMG a Dead pufferfish!

Took a bus from Yeliu to Ruifang
Wanted to go to jing gua shi to dig gold
But it's closed on mondays and it opens until five on other days, so our planning is flawed! Should have gone to jing gua shi on other days in the morning

Took a bus to Jiufeng to walk
Streets of Jiufeng
Ice cream peanut roll
Tastes nice
View from top of Jiufeng


Some bobo chacha thingy
Big Fish ball at Jiu feng, forgot to take picture, so left 1

Took a bus back from jiufen to Taipei槟榔妹! on the way back to Taipei
Drop off at Zhong xiao fu xin

SMRT should consider installing these
鲜芋仙！ Ber admiring the cute girl making his drink
We went into a Convinence shop and at a discreet corner in the back they were selling Jap AV videos, Dildos and Vibrators! Ber wanted to get.. but was shy :P
Huaxi Jie
Salted Chicken stall

The salted chicken
More food!
FOOD!

Day 7

Mac Pancake Breakfast
Bus to Yangming shan from Taipei Rail Station
This bus uses the Ezcard tap.


Yang ming shan

15NT per bus ride, can use Ez card too! Didn't buy the unlimited rides for 60 cos we only took 3 rides
Ber!! Excited about the Greenery!
Wah damn pro rite
Trail up Mt Dadun
Looks near and short right? but it's damn tiring up
0.5km more! omg!

Bee!
On top of the mountain!
Scenery is beautiful. Nice big winds

Pavilion near the top

On the way down

Help Man! Don't take a pic of me and Xiao qing..

Releasing Xiao qing back to the wild

OMG Guangming road!!!

Took a bus from yangming shan to Beitou to try some hotsprings

Went to a mixed Public hotspring! 40NT only!

Food being sold outside

After that we took a bus to 淡水
to see sunset

Fisherman's Wharf

The bridge at fisherman's Wharf

Sun setting

View from the shops besides the bridge

Cute baby birds on the nest listening to Jay chou music playing from the shops

Super Big 鸡排! Too bad they don't cut it

Sun setting.. So nice

View from the harbour
Lights at the bridge
Took a boat ride to 北投老街 which is near the MRT
View from inside the boat!
Tall Ice cream
北投老街

Went to Shilin after that , it's the best nite market imho(in my honest opinion), then there are makeshift shops ard 11+ in the centre of the 2 shops streets It's interesting, when the police comes, the whole makeshift shops "disappears" within 10 sec, the guy just closed his bags and walked away with his table legs as if he was one of the shoppers. The same goes for the food shops, we were walking to some of the illegal food stalls, then suddenly all their lights got turned off,then some of the shop owners moved their carts to somewhere else. I thought it was a blackout but I went to buy a stick of fishball and kakashi asked if they're closing, the auntie said in chinese " 跑警察“ lolx

Shilin nite market and makeshift stalls
Ate some jian bao
Had Beef noodles

买东西
吃东西

买东西
吃东西
View from the MRT




Gongfu panda!!

Back at the hostel!
Cup noodles and fruits!

Bottles we used


Non-Mama's boy cutting the fruits using the 10NT knife we bought at ShilinMango we bought from Alishan

Last day

Breakfast!
We went for a leg massage

Dipping into the water
Hmm.. shiok my Masseuse is female!!

Back at the hostel

Took a pic b4 we left

The 2 computers we used
The rooms.. Up rooms a-f


Where we bathe: makeshift toilets

Inside of the box. So simple and cool rite Aksa?

Went taipei underground mall to do some last minute shopping
Me! Soliciting a 援交妹。。 but too ex liao..


Went to play 抓抓族。。 It's so easy!! I'm like Damn Pro can! only 10NT per catch and we each got one! yay


Bought Some ru wei..
Ate with cup noodles..
Ate ru wei
Going back!! 桃园airport!
Cheese!!
Ber picking up Cosmetic
me the 分牌仔!
A4 waiting area
Jetstar plane
Back to Sg.. Ciao~~