Join us for Part 2 of our three-part series, “𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐘𝐢𝐞𝐥𝐝: 𝐌𝐚𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐢𝐧 𝐚 𝐍𝐞𝐰 𝐑𝐚𝐭𝐞 𝐄𝐫𝐚,” in collaboration with PhillipCapital B2B Team. This seminar will focus on tracking interest rate cuts and exploring investment opportunities to secure yields as T-bill rates are expected to drop in the coming months.
I’ll be sharing various investment options in anticipation of further rate cuts in 2025 and how to build a diversified portfolio comprising different asset classes to optimize risk-adjusted returns. We’re excited to have David Z Wang from Helicap as our guest speaker. I call him Mr. 10 Percent, as his fund has consistently delivered around 10% returns over the past few years. Hear from him firsthand on how he and his team achieve such consistent performance.
Join us at Phillip Securities Pte Ltd (PSPL) at 250 North Bridge Road, #06-00 Raffles City, for an insightful event where you can learn how to navigate your portfolio in this new rate era. Our experts will share valuable insights and strategies to help you unlock maximum yield from your investments. Don’t miss out on this opportunity to master your portfolio! See you there.
📅 Date: Oct 21, 2024 (Monday) ⏱️Time: 7:00pm to 9:00pm 📍Venue: Phillip Securities Pte Ltd (PSPL) 250 North Bridge Road, #06-00 Raffles City
Registration starts at 6:30pm.
𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞 Kenny Loh, CFP® AEPP® IBFA MBA is a Wealth Advisory Director specializing in holistic investment planning and estate management. He helps clients grow their investment capital and create passive income for retirement. I also facilitate tax-efficient portfolio transfers to beneficiaries, ensuring tax-free capital appreciation and optimized wealth transfer through strategic asset structuring. Additionally, Kenny is also a SGX Academy trainer specializing in S-REIT investing and he presents his view monthly on MoneyFM89.3.
David Wang is the Co-Founder and Group CEO of Helicap, a leading FinTech private investments firm. With over a decade of experience in finance and technology, David has been instrumental in driving innovation and growth in the alternative investment space. Under his leadership, Helicap has emerged as a pioneering platform that connects investors with robust investment opportunities across various asset classes.
Navigating the Complexities of Digital Asset Estate Planning: Ensuring a Seamless Transfer
Join us for an insightful event where we will delve into the intricacies of digital asset estate planning. Learn how to safeguard your online assets and ensure a smooth transfer to your loved ones. Our experts will guide you through the process, providing valuable tips and strategies along the way. Don’t miss out on this opportunity to secure your digital legacy!This event is free to attend, but registration is required.
Event Location: 80RR Fintech Hub SG
Time: 7:30pm – 9:30pm
Key Takeaways:
Challenges of Estate Planning in New Era: Understand the new threat in our wealth distribution and how our estate can fall into the wrong hand.
Basics of Asset (ABCD) Distribution: Understand the fundamental principles of asset distribution.
US Federal Estate Tax Implications: Discover the tax liability and implication on US stock investments and Digital Assets.
Digital Asset Wealth Transfer: Discover ways to protect or transfer your Digital Assets to your loved ones in a seamless way.
Join us to gain valuable insights into estate planning and take the first step towards effectively guarding your wealth. No prior knowledge is required, and all are welcome.
Mr. Kenny Loh is a Certified Estate & Legacy Planning Consultant and also a CERTIFIED FINANCIAL PLANNER (CFP). Kenny has more than 10 years in Holistic Estate Planning experience, using a unique “3-in-1 Will, LPA and Standby Trust” solution, to address his client’s social consideration, legal obligation, emotional needs and family’s harmony in his approach. Kenny has Double Master degree in Business Administration and Electrical Engineering, and also an AEPP (Associate Estate Planning Practitioner) jointly awarded by The Society of Will Writers & Estate Planning Practitioners (SWWEPP) of The United Kingdom, in collaboration with Estate Planning Practitioner Limited (EPPL), the accreditation body for Asia.
Mr.Adrian Chng is the Founder and CEO of Fintonia Group, a MAS licensed financial institution based in Singapore. In 2021, Fintonia Group launched the first institutional grade BTC tracker fund in Asia managed by a MAS-licensed fund manager and was awarded the provisional VARA licence in Dubai in July 2022.
With over 25 years of experience as a business leader, Adrian is particularly involved in the FinTech and digital asset industries. He co-founded two FinTech companies (CredoLab and Asia Kredit), and sits on the boards of numerous organisations.
Prior to Fintonia Group, Adrian was the CEO of jobsDB.com, which had a US$1 billion merger and exit in 2014, and CEO of GoBear amongst other leadership roles across the finance and technology sectors. He started his career as an M&A investment banker with Merrill Lynch and SBC Warburg (UBS). Adrian is an Executive Committee member of the Singapore FinTech Association and a member of the Young Presidents Organisation.
Mr. Timmoney Ng is a Partner of Charles Russell Speechlys. As a US tax lawyer based in Singapore, Tim advises international startup companies, fund investors, and large multinational corporations in the tech, life sciences, semiconductor, and crypto/blockchain space. Tim’s practice focuses on US tax planning and controversies regarding passive foreign investment companies (PFIC), controlled foreign corporations (CFC), funds/partnerships, global intangible low-taxed income (GILTI), subpart F income, foreign-derived intangible income (FDII), foreign tax credits (FTC), US trade or business (commonly known as US tax nexus), qualified small business stock (QSBS), US real estate investments (FIRPTA), and transfer pricing. Tim earned his Juris Doctorate from the University of California, Berkeley, School of Law (Berkeley Law) and is a US-qualified lawyer, having passed the California Bar Exam.
As interest rates rise and costs increase, Singapore REIT managers are navigating tough waters. We had the opportunity to host a panel of top industry leaders shed light on how they’re adapting – and what savvy investors need to know.
The conversation revolved around the impact of interest rates on Singapore Real Estate Investment Trusts (REITs).
SPECIAL GUEST:
Emelia Tan, Director of Research at the Singapore Exchange (SGX); Nupur Joshi, CEO of the REIT Association of Singapore (REITAS); and Kenny Loh, Wealth Advisory Director and REIT Specialist at REITSavvy.
With over 40 years of combined experience between them, the guests were well-positioned to offer valuable perspectives on the issues at hand. Here are some of their biggest takeaways for understanding Singapore REIT performance in the year ahead.
PANELISTS AND THEIR EXPERTISE:
Emelia Tan, known for her extensive research and market analysis at SGX Group, brought her expertise in understanding market updates and data points. Nupur Joshi, as the CEO of REITAS, provided insights from the corporate side and highlighted the association’s role in representing Singapore-listed REITs. Kenny Loh, an experienced REIT investor and advisor, offered a unique perspective as an active participant in the market.
THE IMPACT OF INTEREST RATES ON REITS:
The conversation started with a focus on how interest rates affect the REIT sector. Kenny noted that the market has already absorbed the impact of interest rates, with traders closely monitoring data and correlations between US government bond yields and the REIT sector. He emphasised that the REIT sector is currently in a sideways movement, waiting for earning results and potential market triggers before a potential bull run.
MANAGING THROUGH INTEREST RATE FLUCTUATIONS:
The panel then explored how REIT managers navigate the challenges posed by interest rate fluctuations. Emelia Tan pointed out that REIT managers have to adapt to the current market environment, considering interest rates that are higher than pre-pandemic levels but expected to decline in the future. REIT managers need to reevaluate their portfolios, focusing on divestments and capital allocation strategies to fund acquisitions and asset enhancements.
As interest rates rose sharply last year, Nupur noted “the worst is behind us.” Most panelists agreed rates have likely peaked for now and may start declining. But Emelia cautioned “we are living in a higher for longer environment…capital is still expensive.”
So how are REIT managers coping? Kenny listed popular strategies: “reconstituting portfolios, redevelopment, asset enhancements.” Emelia added some are “releasing more, more, more distribution” or using rights issues to pay down debt. With rising costs in mind, Kenny said ESG initiatives around energy efficiency can help cut utilities and maintenance expenses.
Nupur emphasised the lag some may face, as many interest costs remain locked in at higher rates. But savvy investors can position themselves ahead of the anticipated rate declines. And rates aren’t the only factor – “earnings results will be a kickstart” if no surprises emerge, noted Kenny.
EXPERT OPINIONS AND STRATEGIES:
Throughout the discussion, each panellist shared valuable insights and strategies. Nupur emphasised the importance of collaboration within the REIT ecosystem, highlighting the collective voice of investors and the need for REIT managers to address issues such as corporate actions. Kenny stressed the significance of data from SGX and MLIR (Market Leasehold Interest Rate) in his analysis and portfolio building process.
OVERSEAS EXPANSION AND COMPLEX STRUCTURES
Many Singapore REITs now derive much of their income overseas. But as Reggie asked, does this increased complexity worry investors? Nupur reassured that diversification is part of maturing REIT growth plans.
Kenny weighed in on evaluative factors like targeted regions or property segments, the sponsor’s involvement, and on-the-ground management. And while debt structures can perplex, he highlighted Maple Tree Logistic Trust’s global reach as an example of necessary hedging.
The panel concurred that retail investors need not scrutinise every move. “Trust the manager – how do you trust? Track record,” advised Kenny . As long as core business fundamentals remain sound, overseas diversification should provide growth opportunities.
THE RISING IMPACT OF ESG
When Reggie playfully questioned if retail investors truly cared about ESG, the panel leapt to clarify growing alignment. Emelia noted institutional interest is rising, which will impact returns. Nupur added sustainability efforts now factor into competitive financing alternatives.
But Kenny acknowledged ESG is still nascent for many Asian investors. REIT managers, he acknowledged, must proactively showcase sustainability actions and reporting. Only then can transparency build understanding and trust over time.
For those still skeptical, get ahead of the trends or risk lagging as ESG increasingly influences flows and valuations. Progress today readies REITs and portfolios for the demanding standards of tomorrow.
In summarising the insights, Reggie brought listeners up to speed on the issues constantly evaluated by top REIT managers and experts. Whether navigating volatility, diversifying offerings, or futureproofing through sustainability, their multifaceted perspectives offer invaluable guidance for 2023.
KEY TAKEAWAYS AND MARKET OUTLOOK:
As the conversation drew to a close, the panelists discussed the market sentiment and the varying perspectives of investors. They highlighted the different groups of investors: those who act early, those who wait for news announcements, and those who follow the crowd. The panelists expressed optimism that a positive market catalyst, such as an interest rate cut or better-than-expected earnings results, could potentially trigger a bullish trend in the REIT sector.
You can check their full interview on Chills with TFC, Episode 158 on Spotify, YouTube, Google podcast or Apple podcast for a comprehensive understanding of the impact of interest rates on Singapore REITs. The insights shared by industry experts shed light on how REIT managers manage through interest rate fluctuations and adapt their strategies accordingly. As investors eagerly await market triggers, such as earning results and potential interest rate changes, the future of the Singapore REIT market holds promise.
KEY POINTS DISCUSSED:
Interest rates and their correlation with the REIT sector.
The market’s absorption of interest rate data and its impact on REITs.
Strategies employed by REIT managers to navigate interest rate fluctuations.
The importance of collaboration within the REIT ecosystem.
The role of data in REIT analysis and portfolio building.
Varying investor perspectives and their potential impact on the market.
The possibility of a bullish trend in the REIT sector based on market catalysts.
Courses: Financial Ratio Analysis and Technical Analysis for REITs with SGX Academy
On 2 Saturdays in March (2nd and 9th), I will be conducting 2 courses, for you to get a head start in understanding Singapore REITs. These will be hands-on courses, where I will guide you step-by-step in performing the course content proficiently. This is a very good time to enter!
Financial Ratio Analysis for Singapore REITS (2nd March 2024, 9am to 1pm)
You will learn how to:
Learn how to assess the financial health of Singapore REITs by analyzing key ratios
Identifying financial strengths and weaknesses, enabling them to make informed investment decisions
Interpret ratios and understand what are the operation factors which can affect the ratio in future
Learn how to use valuation ratios to determine the fair value of Singapore REITs and assess their sustainability.
Identify undervalued or overvalued REITs, aiding them in making sound investment choices.
The latest news and insights include exclusive interviews with REIT managers, gaining insights on their management decisions, as well as additional REITs analysis performed that my team that may not be posted here on mystocksinvesting.
Also included is a comprehensive, live-updated REITs screener. No more searching for individual REIT results and interpreting financial statements. On the REITsavvy screener, gain access to all the REIT data you need for an informed investment decision. At one glance, toggle between multiple charts for an overview of the 38 S-REITs. With REITsavvy, you can conduct all your investing research in one platform so you can find more winning REITs in lesser time.
Kenny Loh is a Wealth Advisory Director and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Symposium and Invest Fair. You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement