Friday, April 18, 2014

Earn up to 3.05% in interest with OCBC 360

OCBC recently came up with this new savings account : OCBC 360.
For this, you could earn i to 3.05% on our savings account! This is even higher than a typical 12 month fixed deposit nowadays. A maximum of 3.05% is also comparable to some of the bonds listed on SGX.


How to earn the bonus interest
1) Salary credit

  • Credit your salary through GIRO.
  • The minimum salary amount to credit is S$2,000.
  • Only direct salary credits through GIRO with the description “GIRO – SALARY” in your statements will qualify for this bonus.
2) Bill payment
  • Make 3 unique bill payments from this account with OCBC Online Banking using Pay Any Bill and Pay Any Card services or use GIRO.
  • Payment must be made through OCBC Online Banking or GIRO in the calendar month.
  • Payments made via AXS, SAM, ATMs do not qualify for this interest.
3)  Credit Card Spending
  • Spend a minimum of S$400 in total across your OCBC Credit Cards.
  • You would need to be the Primary Account Holder of the 360 Account as well as the Principal Cardmember of the eligible OCBC Credit Card(s).
  • Your spending on these cards do not qualify for this bonus :
    • Debit cards
    • ATM cards
    • Corporate cards
    • Business cards
    • Private label cards
  • These transactions do not qualify for this bonus:
    • Balance transfers
    • Cash advance
    • Cashwise
    • Paylite
    • Smartchange
    • Fund transfers
    • Fees and charges
Other Notes:
The bonus interest is only on the first 50k in the account.

My thoughts on this product:
The interest rate is quite attractive. Most of the criteria are also not too hard to hit. You also do not need to fulfill all the 3 criteria to earn bonus interest. For each criteria fulfilled, you gain a 1% bonus interest.

If you can deposit 50k in the account, you will earn an additional $500 per year for every 1% bonus interest earned. If you can hit the maximum 3% bonus interest, it is an additional $1500 per year!

Thursday, April 17, 2014

STI ETF RSP (Apr 2014)

Normally I would buy 100 units of Nikko STI ETF each month. For this month, I have done something different. Previously, I am already holding 900 units of Nikko STI ETF.For this month, instead of buying 100 units of Nikko STI ETF to make up 1000 units, I sold my existing 900 units and bought 1 lot (1000 units) of the STI ETF instead.

The STI ETF gives slightly higher dividend and has a higher trading volume. The pros of the Nikko STI ETF is its lot size.

The result of this transaction is as follows:

-->
Total UnitsCounterTotal CostAverage costLast DoneProfit/ Loss% Gain / LossRealized
Profit/ Loss
1000STI ETF3,258.35$3.26$3.26$1.650.05%$0.00
0Nikko STI ETF0.00#DIV/0!$3.32$0.000.00%$93.94

Details of all transactions for my rsp are logged here:
 http://madstranger.blogspot.sg/2013/07/nikko-sti-etf.html

 Going forward, I will still buy 100 units of Nikko STI ETF per month. Once I have 1000 units, I will "convert" it to the STI ETF instead. In the future, when the board lot gets reduce to 100 units per lot, I will use STI ETF for my rsp instead as well.

Tuesday, April 1, 2014

REIT Ranking - Mar 2014

REIT ranking for Mar 201:


REIT
Mkt
Yield
NAV
Gearing
P/B
Total
P/B score
Gearing score
Yield score
AIMSAMPI Reit
$1.340
8.269%
$1.518
26.50%
0.883
6
2
2
2
SoilbuildBizREIT
$0.780
7.679%
$0.800
29.30%
0.975
6
2
2
2
Saizen REIT
$0.890
7.303%
$1.170
38.00%
0.761
6
3
1
2
Sabana REIT
$1.030
8.437%
$1.070
36.90%
0.963
5
2
1
2
LippoMalls
$0.400
8.125%
$0.412
34.30%
0.971
5
2
1
2
OUE HT
$0.845
7.905%
$0.920
32.00%
0.918
5
2
1
2
CACHE
$1.135
7.470%
$0.980
29.10%
1.158
5
1
2
2
AscottREIT
$1.195
7.028%
$1.350
34.00%
0.885
5
2
1
2
Starhill Gbl
$0.790
6.177%
$0.920
29.00%
0.859
5
2
2
1
SuntecReit
$1.660
6.173%
$2.108
38.00%
0.787
5
3
1
1
Fortune Reit HK$
$5.890
6.112%
$10.260
32.70%
0.574
5
3
1
1
CapitaComm
$1.485
5.562%
$1.670
29.30%
0.889
5
2
2
1
Viva Ind Tr
$0.770
8.827%
$0.750
38.80%
1.027
4
1
1
2
AscendasHT
$0.735
8.762%
$0.730
35.80%
1.007
4
1
1
2
MapletreeGCC
$0.815
7.387%
$0.943
40.50%
0.864
4
2
0
2
MapletreeLog
$1.045
7.043%
$0.910
33.90%
1.148
4
1
1
2
Far East HTrust
$0.820
6.927%
$0.983
30.90%
0.834
4
2
1
1
Cambridge
$0.720
6.893%
$0.695
28.70%
1.036
4
1
2
1
OUE COMMERCIAL REIT
$0.795
6.843%
$1.043
42.30%
0.762
4
3
0
1
CDL Htrust
$1.655
6.719%
$1.630
29.70%
1.015
4
1
2
1
Frasers Comm
$1.255
6.478%
$1.540
37.90%
0.815
4
2
1
1
FrasersCT
$1.780
6.197%
$1.770
29.70%
1.006
4
1
2
1
CapitaRChina
$1.400
6.186%
$1.430
32.60%
0.979
4
2
1
1
SPHREIT
$0.980
5.329%
$0.900
26.70%
1.089
4
1
2
1
MapletreeInd
$1.365
7.355%
$1.110
36.30%
1.230
3
0
1
2
First REIT
$1.075
6.995%
$0.966
32.30%
1.113
3
1
1
1
Kep REIT
$1.140
6.860%
$1.380
42.10%
0.826
3
2
0
1
Ascendasreit
$2.260
6.265%
$1.945
30.10%
1.162
3
1
1
1
CapitaMall
$1.890
5.709%
$1.710
35.30%
1.105
3
1
1
1
MapletreeCom
$1.220
6.115%
$1.070
40.80%
1.140
2
1
0
1
PLife REIT
$2.440
4.623%
$1.600
33.00%
1.525
1
0
1
0


For how the scores are being calculated:
Reit Rankings - Mad Stranger's scoring system

 
Disclaimers:
The score system only serves as an indicator on how the REIT is with respect to its yield, P/B and gearing. The ranking is also heavily dependent on the accuracy of the data shown on reitdata.com, investors are advised to do your own cross checking. It is always prudent to do your own research before making any buys or sells.