Cory Diary : Green SGS Bonds

Cut it short is 3% Fixed Return issue by Singapore government. If you notice is 50 years bond. This aren't Singapore Saving Bond (SSB ). A quick glance from Retailer perspective, this aren't attractive.

One of my main concern is with current situation. Inflation can go much higher and one will be locked into it. Well, SSB is around there 3% too BUT the Capital is protected by SG Gov if you decided to sell it before Maturity.

As I know SGS bonds can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers. The price of SGS bonds may rise or fall before maturity. In higher interest rate environment at low liquidity selling market traded bond could be bad.

With 50 years maturity, People in 40s and above may not see it alive to maturity.

Maybe for children ? Nope. I rather help them top-up in CPF ( Better Rates) and avoiding inheritance problems.

And with current CPF and SSB serving as a reserve and basic safety nets, putting more into low yield asset may not cut it and could be detrimental for retirement. 

Happy National Day

Cory

2022-0809

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Cory Diary : Ascendas 1H22 Report

Ascendas reported another set of strong results. A quick glance on below table.

10th Aug'22 is Ex-Dividend. At current trading price of $2.99 which translate to annualized yield of about 5.27%.

Adjusted NAV 2.31 (after div distribution) the premium is about 1.29 or 29% to NAV.

Debt Management

Summary as below which looks healthy.

Diversified

Ascendas has a diversified portfolio mitigating currency impact.

DPU

Initially I have concern on the quality of the DPU. But below table probably addressed it mostly by the Footnotes.

Can't ask more in this report. Diverse property, debt, dpu and premium are well covered. Is such Reits that always let me think twice on allocating my money to safer elsewhere for lesser returns.

This is a quick glance on the result but I have most of what I needed to look at.

Please DYODD.

Cory

2022-0803

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Cory Diary : Sheng Siong 1H 2022

Sheng Siong result is within expectation with Covid measures on decline. The China operation continues to be profitable. Other income is basically Government grants on reduction and Sheng Siong still managed to achieve stronger net profit.

Revenue decrease and that we probably assume Malls able to pull away from easing of Covid tension despite inflationary environment that Sheng Siong should benefits. Their report highlighted Q2 FY2020 as reference when Covid measures resulted elevated demands however Q2 FY2021 Revenue is still higher than Q2 FY2022. So something to monitor.

Nevertheless is still a pretty set of good result and maintain a place in my portfolio to counter Inflation and Recession.  Current dividend yield roughly 3.9%.

Cory

2022-0802

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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.