Having stayed 1 full day here, I can say there is really no hotel like St Regis Singapore. The view, the perks, the room, the service (almost) are top notch! Wanting to have a last staycation before *OEE* goes to school for his playgroup, we picked St Regis Singapore just to have a 1 day indulgence. Thank God that we managed to get the lowest price available for the day. To maximize our time, we picked the "Live Exquisite 32-Hour Stay" package, below are the details:
Hot Chocolate!
The room itself is also pretty spacious, at least they are bigger than your usual hotel room. Love the big toilet and the "all by itself" bath tub!
*OEE* managed to get a free St Regis teddy bear during the check-in process. Well, I guess that is the perk for having a kid around. Haha~
Staycation cannot end without a dip into the pool. We visited the kids pool area at Level 2. On the second day, due to the slight drizzle, we have the whole pool to ourselves. *OEE* have such fun crawling up and down the 0.1m deep pool 😃
For our breakfast, they do have quite a variety for your selection, which is way more than what you get at a normal hotel buffet. For us, we got ourselves Chicken Congee, Laksa, Nasi Lemak, Dim Sum, Fruit Platter, French croissant and chocolate bread, Juices, Waffles with Raspberries, Coffee and Hot Chocolate! For dinner, we ate at Yan Ting, which have nice Braised Fish Maw Broth with Dried Scallops and Braised Ee-fu Noodles with Seafood and XO Sauce!
Q2 rumbles on with countries locking down again with the more infectious delta COVID-19 variant rampaging the local community. 1.5 years on since the onset of pandemic, social distancing and working from home has become the new normal of our daily life. When will international travel re-opens again? No one knows, but countries have been encouraging local tourism, else the local hospitality industry are long dead. Encouraging economic readings and inflation has prompt the USA Feds to tilt to preparation to start raising the rates. Banks counters are what I will be focusing on in the next 2 quarters as they will be the first to benefit once rates are increased.
DJI ended at 34502, an increase of 1521 points (+4.61%) compared to 1Q 2021. For Singapore, STI ended at 3130, a decrease of 35 points (-1.10%) compared to last quarter. This Q2 also marks the end of saga (or end of road) for both Krisenergy and Eagle Hospitality Trust. Not expecting any cash back as both company debts are way more than what can be recovered from liquidation. Well, that is the risk of investment, will remove both counter from my portfolio once they are delisted. For me this quarter, not much actions except participating in the rights of reits as they continue their expansion strategy:
Transaction 1: Participated in Mapletree Industrial Trust Rights in June.
It has been a long time since MIT last issued rights to retail investor to participate in their building acquisition as they normally preferred to deal with private placement. This time round, the rights are used for acquiring a portfolio of 29 data centers in USA. The deal will be yield accretive, so no need to wait, just accept your allocated portion and apply for excess.
Transaction 2: Bought 1 batch Altimeter Growth Corp shares in June.
If you haven't heard of Altimeter Growth Corp, it is now time to take note of it. This is the SPAC that Grab will be merging for its listing in Nasdaq end of the year. Currently, the price is at about 20% premium of Grab private placement ($10 a share) when they list. How to get to the private placement? I am not sure unless you have some link to their bankers. Once the listing is confirm, AGC will change to Grab. Do take note though, there are 3 types on AGC counter on the market (AGC, AGCU, AGCWW). AGC is the ordinary share which will convert to Grab 1 for 1. AGCU is the share attached with warrants (1 AGCU have 0.2 warrants attached, so you will need 5 AGCU to exercise 1 warrants at $11.50). AGCWW as expected is the warrants itself.
Transaction 3: Bought 1 batch DBS shares in June.
The best bank share with the best growth potential in SGX, after having just amalgamated Lakshmi Vilas Bank with DBS Bank India Limited in Nov 2020. It is also in advance talks for the purchase of Citibank India consumer unit should Citibank decided to sell and it just took a 13% stake in Shenzhen bank for $1.08 billion in Apr 2020. Just buy and hold to prepare for easing of dividend restriction and USA fed raising of rates.
Transaction 4: Bought 1 batch China Everbright shares in June.
Continue accumulating good quality company giving potential 8% yield. Dividend has increase from S$0.0067 per share to S$0.0104 per share. As a China government linked wastewater treatment company, I can hardly see it goes wrong, coupled with the fact that tariff treatment price will increase with China increasingly higher wastewater discharge standards.
That is all for now. See you all in Q3 2021 update and thank you for reading thus far.
