The new Fed US Reserve Chairman Kevin Warsh has proven that he got spine and went on to increase the interest rate by 25 basis point despite his boss Donald Trump wanting the US interest rates to go down further. My SREIT portfolio which made up close to 51% of my gross investments continued its downward spiral into another level of doldrum albeit gains in earlier part of the year. With my China Tech plays such as Alibaba and BYD tanking, overall portfolio valuation plunged despite capital top up. Nevertheless, my projected passive dividend and interest income from equities and bonds improved slightly from S$48.5K (July 13, 2026) to S$50.8K.
1. Portfolio 1- Stocks Held in SGX Central Depository
(a) Nothing super interesting here except that I have began accumulation of Thai Beverage. Its management has been actively paying down its bank borrowings over the past 2 years while its market value has dropped drastically from its heyday of S$0.540 per share days to S$0.440-S$0.460 per share range. The potential IPO of its Brewery business is a major catalyst that may give rise to capital gain of up to 25%. In the meantime, its forward dividend yield is at around 5.6%.....so collect the dividends while waiting for share price to rally upon realisation of initiatives by management to further unlock its intrinsic valuation.
(b) I have also added on to Genting Singapore despite the widening losses as the RWS 2.0 redevelopment plan is near completion which should boost and diversify its main gaming revenue into more stable resort and theme park related stream. Genting also has a massive cash reserves of S$2.9 billion supporting its ability to maintain dividends payout of 6.5% per annum.
2. Portfolio 2- Margin Purchased Securities
(Note: My margin purchased securities has grown to a sufficient scale to sustain itself and can pay off annual financing charges as well as to gradually pay down the margin loan through the dividends generated.)
3. Portfolio 3 (with Tiger Brokers and MooMoo)
(Venture into higher risk as well as capital growth stocks here)
Added more Alibaba, BYD, Kimly and Thai Beverage.
4. Portfolio 4 (Endowus Unit Trusts & Other Investments)
This mostly bond concentrated portfolio has less volatility than my other portfolios. Will continue to build it up.
The high interest rate environment looks set to remain for a longer term. All these uncertainties have led to the suppression of SREIT valuation. Looks like it will be a very very long wait for SREIT recovery. Ok folks, that's all from me today. Have a great week ahead!
Great income from dividends 🎊🎊 but I suppose REITs still have a long road to recovery 🙏
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