Sunday, September 6, 2020

Post-COVID 19 Recovery Play - Giant Retail & Office LandLords

Own cash-generative, monopoly-like assets

Frasers Centrepoint Trust (FCT) has proposed to acquire 5 new shopping malls. The merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) would create the largest REIT in Singapore, CapitaLand Integrated Commercial Trust (CICT) by the end of 2020. Besides these 2 mega REITs, if one is also vested in Mapletree Commercial Trust (MCT), he/she would be well-positioned for the post-COVID recovery once the HarbourFront precinct is fully redeveloped. In fact, shoppers and diners have begun streaming back to the malls, especially on weekends. After witnessing the crowds, I am starting to question if the current recession is as bad as originally reported. The malls owned by FCT, CMT and MCT are conveniently located near MRT stations and large population catchment areas, thus ensuring high human footfall. They enjoy a monopolistic grip over strategically-located retail spaces in Singapore. As long as there is no second Circuit Breaker (fingers-crossed!), these 3 retail & commercial REITs are solid long-term recovery plays in my opinion. Huge dose of patience required. Collecting rental income from forty properties. FORTY!!!

"Landlords grow rich in their sleep"
~ John Stuart Mill~

Monday, August 31, 2020

Dividend Warrior's Football 'Portfolio' Team (20/21 Season)

A new football season is upon us again! Switched from a 4-3-3 formation to a 4-2-3-1 formation. My No. 10 (Propnex) shall be launching a fierce counter-attack with the 3 local banks in 2021 and beyond. In the meantime, the veteran defenders from the logistics, healthcare and data centre industries will help to absorb the opponent's pressure (Covid-19 crisis).

Substitutes bench: 
  • CapitaLand Mall Trust
  • Frasers Centrepoint Trust
  • Mapletree Commercial Trust
  • Suntec REIT
  • Frasers Property Ltd
  • ComfortDelgro
  • Hong Kong Land

You can check out my team from last season.