November 2012 Singapore Dividend Portfolio Update

Merry Christmas!

S$394.27 dividend received.
(StarHub: S$50; Sabana REIT: S$93.60; Mapletree Log Trust: S$18.47; First REIT: S$67.20; SMRT: S$45; GRP: S$120)

Invested S$500 each into Fidelity Asian High Yield Fd A (MDIST) SGD Hedged and UOB United Emerging Markets Bond Fd SGD respectively.

Portfolio Snapshot:

No.	Counter	Cost (S$)	Lots	Avg Px (S$)	% of Port	Mkt Px (S$)	Mkt Value (S$)	P/L (S$)	P/L (%)
1	SMRT	5,669.62	3	1.890	15.93%	1.710	5,130.00	(539.62)	-9.52%
2	AIMS AMP Ind REIT	4,186.95	4	1.047	11.76%	1.425	5,700.00	1,513.05	36.14%
3	Sabana REIT	3,745.36	4	0.936	10.52%	1.110	4,440.00	694.64	18.55%
4	SingTel	3,218.37	1	3.218	9.04%	3.310	3,310.00	91.63	2.85%
5	StarHub	2,858.20	1	2.858	8.03%	3.730	3,730.00	871.80	30.50%
6	First REIT	2,497.25	4	0.624	7.01%	1.015	4,060.00	1,562.75	62.58%
7	GRP	2,364.68	12	0.197	6.64%	0.230	2,760.00	395.32	16.72%
8	Kingsmen Creative	1,679.22	3	0.560	4.72%	0.735	2,205.00	525.78	31.31%
9	Fidelity Asian High Yield Fd A (MDIST) SGD Hedged	1,500.00	1.63732	0.916	4.21%	0.943	1,543.99	43.99	2.93%
10	UOB United Emerging Markets Bond Fd SGD	1,500.00	1.04743	1.432	4.21%	1.452	1,520.87	20.87	1.39%
11	UMS	1,467.48	3	0.489	4.12%	0.405	1,215.00	(252.48)	-17.21%
12	Lee Metal Group	1,317.41	6	0.220	3.70%	0.235	1,410.00	92.59	7.03%
13	Tai Sin Electric	1,167.33	6	0.195	3.28%	0.220	1,320.00	152.67	13.08%
14	Memtech	1,062.00	12	0.089	2.98%	0.071	852.00	(210.00)	-19.77%
15	Cambridge Ind REIT	825.93	2	0.413	2.32%	0.650	1,300.00	474.07	57.40%
16	Mapletree Log Trust	542.18	1.08	0.502	1.52%	1.110	1,198.80	656.62	121.11%
		35,601.98					41,695.66	6,093.68	17.12%

October 2012 Singapore Dividend Portfolio Update

S$30 dividend received. (UMS Holdings)

Invested S$1,000 each into Fidelity Asian High Yield Fd A (MDIST) SGD Hedged and UOB United Emerging Markets Bond Fd SGD respectively.

Bought 1 lot of SingTel @3.19.

Accepted Sakari Resources voluntary conditional cash offer @S$1.8751 per lot.

Capital drawdown of S$10,000.

Portfolio Snapshot:

No.	Counter	Cost (S$)	Lots	Avg Px (S$)	% of Port	Mkt Px (S$)	Mkt Value (S$)	P/L (S$)	P/L (%)
1	SMRT	5,669.62	3	1.890	16.39%	1.740	5,220.00	(449.62)	-7.93%
2	AIMS AMP Ind REIT	4,186.95	4	1.047	12.10%	1.490	5,960.00	1,773.05	42.35%
3	Sabana REIT	3,745.36	4	0.936	10.82%	1.110	4,440.00	694.64	18.55%
4	SingTel	3,218.37	1	3.218	9.30%	3.220	3,220.00	1.63	0.05%
5	StarHub	2,858.20	1	2.858	8.26%	3.680	3,680.00	821.80	28.75%
6	First REIT	2,497.25	4	0.624	7.22%	1.050	4,200.00	1,702.75	68.19%
7	GRP	2,364.68	12	0.197	6.83%	0.245	2,940.00	575.32	24.33%
8	Kingsmen Creative	1,679.22	3	0.560	4.85%	0.745	2,235.00	555.78	33.10%
9	UMS	1,467.48	3	0.489	4.24%	0.405	1,215.00	(252.48)	-17.21%
10	Lee Metal Group	1,317.41	6	0.220	3.81%	0.230	1,380.00	62.59	4.75%
11	Tai Sin Electric	1,167.33	6	0.195	3.37%	0.250	1,500.00	332.67	28.50%
12	Memtech	1,062.00	12	0.089	3.07%	0.070	840.00	(222.00)	-20.90%
13	Fidelity Asian High Yield Fd A (MDIST) SGD Hedged	1,000.00	1.0917	0.916	2.89%	0.930	1,015.28	15.28	1.53%
14	UOB United Emerging Markets Bond Fd SGD	1,000.00	0.69541	1.438	2.89%	1.446	1,005.56	5.56	0.56%
15	Cambridge Ind REIT	825.93	2	0.413	2.39%	0.665	1,330.00	504.07	61.03%
16	Mapletree Log Trust	542.18	1.08	0.502	1.57%	1.110	1,198.80	656.62	121.11%
		34,601.98					41,379.64	6,777.66	19.59%

OCBC Bonus Plus Savings Account

Watch your savings grow faster with higher interest rates

I was surfing OCBC website and the tag "Earn up to 1.18% a year when you deposit $10,000" caught my eye.  I followed the click through link and was brought to the OCBC Bonus Plus Saving Account page.

Here's how the account works:

• The account is a statement savings account with monthly statements availed.
• An initial deposit of S$10,000 is needed with no monthly minimum balance requirement.
• Singaporeans, Singapore Permanent Residents and Foreigners age 15 and above are eligible.
• The base interest rate is 0.2% p.a.
• Monthly bonus of 0.25% p.a. will be given if there is no withdrawal within the calendar month.
• Quarterly bonus of 0.73% p.a. will be given in the third month if there is no withdrawal within the calendar quarter.
• Base and bonus interest will be credited into the account on the first business day of the following month.

Curious on the average interest rate, i computed the interest amount an accountholder would earn based on a S$10,000 deposit for a full 12 calendar months.

Average interest earned:

Month	Interest (% p.a.)	Interest Earned (S$)
1	0.45	3.75
2	0.45	3.75
3	1.18	9.84
4	0.45	3.76
5	0.45	3.76
6	1.18	9.86
7	0.45	3.76
8	0.45	3.76
9	1.18	9.87
10	0.45	3.77
11	0.45	3.77
12	1.18	9.89
		69.55

Effectively, the accountholder would earn S$69.55 over a one year period which translates to an average interest rate of 0.6955% p.a.

Seems like i would be better off by putting S$10,000 into the CIMB SGD Step Up Fixed Deposit and earning S$105 interest (i.e. average interest rate 1.05% p.a.) instead.