Share Investment Mar 22 part 1

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Can't believe Covid-19 is still around a year later. I thought it would be gone by June last year @@

 

Initiated position in (all recommended by The Smart Investor):

 

(1) Ascendas REIT

" ...the largest listed business space and industrial REIT on the Singapore Stock Exchange.

...The REIT has properties in four main regions: Singapore, Australia, the US and the UK/Europe. "

Reasons to buy:

  • Diversified portfolio of properties and tenants
  • Long-term leases with favourable characteristics
  • A long track record of growth
  • Active capital recycling, redevelopments and AEI
  • Pipeline of properties from sponsor

 

(2) Frasers Logistics & Commercial Trust

" Frasers Logistics & Commercial Trust (SGX: BUOU), or FLCT, is a REIT that owns 103 industrial and commercial properties worth around S$6.8 billion as of 30 June 2021.  

These properties are diversified across five countries: Singapore, Germany, the Netherlands, Australia and the UK. "

Reasons to buy:

  • Diversified portfolio of properties and tenants
  • Stable leases with room for portfolio growth
  • Steady growth in assets and DPU
  • Active capital recycling
  • Pipeline of properties from sponsor

 

(3) Keppel DC REIT

" The REIT’s core investment strategy is to invest in a portfolio of real estate assets used primarily for data centre purposes.

... data centres are facilities that house servers and network equipment, both of which support clients’ critical business operations. These buildings are highly-specialised assets that require technical expertise and a close understanding of the technology industry, along with clients’ needs and requirements.

As of 1 May 2020, the REIT’s portfolio consists of 18 data centres located across eight countries, with total assets under management (AUM) of S$2.8 billion. "

Reasons to buy:

  • Strong tailwinds in the data centre sector
  • Growing portfolio size and DPU
  • Low gearing level
  • Strong sponsor
  • Near term DPU boosts
  • Inclusion in FTSE EPRA Nareit Global Developed Index
 

(4) Mapletree Logistics Trust

" Mapletree Logistics Trust (SGX: M44U), or MLT, is an Asia-focused logistics REIT listed on the Singapore Stock Exchange in July 2005. The REIT’s strategy is to invest in a diversified portfolio of income-producing logistics real estate assets.

As of 31 December 2020, MLT has a portfolio of 156 properties located in eight countries: Singapore, Hong Kong, Japan, China, Australia, Malaysia, South Korea and Vietnam. "

Reasons to buy:

  • Diversified property portfolio
  • Tenant base and attractive lease terms
  • Financial track record
  • Near-term growth
  • Long underlying land leases
  • eCommerce tailwinds

 

(5) Raffles Medical

" ...the group is one of the leading integrated healthcare providers in Asia, providing a wide variety of services ranging from primary and tertiary care to dental and health insurance.

RMG’s comprehensive network includes three tertiary hospitals and over 100 multidisciplinary clinics spread out over 14 cities in five countries. "

Reasons to buy:

  • A comprehensive, integrated healthcare provider
  • Recurring revenue
  • Singapore hospital expansion and China hospital growth
  •  Silver tsunami in Asia
  • Pivot to PCR tests during the pandemic
  • Other growth iniatives

 

(6) Sheng Shiong 

" The company operates 64 supermarket stores offering both “wet and dry” shopping goods, ranging from live seafood, fresh meats, and vegetables, as well as general merchandise such as toiletries and other common household products.

For context, fresh produce makes up between 46% and 50% of its 2019 revenue.

Sheng Siong also has its own range of 18 in-house brands with over 1,200 products, ranging from food to paper goods. House brands account for around 6% of 2019 sales. "

Reasons to buy:

  • Defensible, essential services
  • Strong growth track record
  • Growing free cash flow and dividends
  • A near-term boost and potential upside
 

(7) Top Glove

I sold my entire stake previously, spurred by an offer of guarantee by a friend. The Smart Investor still recommended it and so I invested a minimal amount, just to see where this is going. Not going well at the moment haha. We'll see.


Sold shares in:

 

(1) HRnet Group

Sold this as soon as there was unrealised gain because it was categorised as 'speculative' by The Smart Investor


(2) SIA

Sold this speculative investment for a 14% profit (over 2.5 months) when Covid-19 resurged.


(3) ARA LOGOS Logistics Trust

For quite sometime I wasn't happy with the company managing this trust and so sold it as soon as it was in the black.


(4) Singapore Press Holdings

Sunset industry. Likely would take a long time for restructing benefit to materialise. Sold due to takeover bid.

 

(5) Singapore Shipping Corp

Dividend yield was consistently at 4%, similar to banks.


(6) SBS Transit

Sold, as recommended by The Smart Investor.


Capitaland was delisted and shareholders were given shares in Capitaland Investment. 


As at 31 March 22, I have investment in 35 companies (I've also indicated whether their source of business is solely in Singapore only or not):

AIMS-AMP Industrial REIT (Singapore only)
Ascendas REIT
Ascott Trust
Boustead Singapore Ltd
Boustead Project
CapitaRetailChina REIT
CapitaLand Investment
CapitaLand Integrated Commercial Trust (Singapore only)
ComfortDelGro
DBS
First REIT
Fraser Centrepoint Trust
Frasers Logistics & Commercial Trust
iFast Corporation
Keppel Corp
Keppel DC REIT
Mapletree Commercial Trust (Singapore only)
Mapletree Industrial Trust
Mapletree Logistics Trust
Micro-Mechanics
Nordic
OCBC
ParkwayLife REIT
Raffles Medical Group
SATS
SGX
Sheng Shiong
SIA Engineering
Singapore O&G (Singapore only)
Singpost
SingTel
Top Glove
UOB
VICOM (Singapore only)
Venture Corp

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