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.
Latest insights on REITs.
Yield vs. Price/NAV Bubble chart. A quick overview of the 38 S-REITs.
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.
Clear overview of the entire REITs market, including trends, in a single interface for investing into strength and momentum.
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
We feel honoured to have had Reggie Koh from the Financial Coconut serve as the moderator for our event. Alongside Reggie, we were privileged to welcome distinguished panelists, including Emelia Tan, Director from SGX Group, and Nupur Joshi, CEO of REITAS.
Their wealth of expertise and insightful perspectives greatly enhanced our discussions, providing valuable insights to everyone in attendance. The interactive and engaging conversation added an element of interest and fun, contributing significantly to the overall depth and breadth of our event.
We are grateful for the meaningful contributions made by each participant, making it a truly enriching experience for all.
In addition, we’ve enlisted the expertise of Charles Lee, Fund Manager, and Alex Teo, Senior Relationship Manager, from Phillip Capital Management and Philip Securities respectively.
They shared valuable insights on how investors can adeptly navigate the current interest rate environment. Furthermore, they’ll provide their opinions on REITs segment, offering a comprehensive view for investment directions.
Quick recap on the key takeaways on REITs 2024 Outlook
Interest likely reached its peak, increasing the likelihood of the US Fed initiating interest rate cuts in 2024
Anticipated boost in DPU (Distribution per Unit) attributed with a reduction in interest expenses
Potential rotation back to Yield Asset Classes
Currently, Singapore REITs are trading at huge discount
REIT Sector historically outperforms other asset classes during rate cut environment
Opportunity for investors to lock in high yield at discounted share price
Once more, a heartfelt thank you to all REIT investors for your tremendous support during this event. We trust that each of you has compiled a watchlist of potential REITs to consider adding to your portfolio.
If not, you may use our easy to use screener to swiftly compile a shortlist of REITs in just a few minutes!
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.
Cost: $467
Venue: SGX Academy Room. 2 Shenton way SGX Centre 1. Level 2, S068804
Laptop is required. Please bring your own laptop for the training
For more information, check out the link below to sign up for the course.
Kenny Loh is an Associate 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.
