Yummy yum yum ($1.10) lunch.

I recently discovered this and I like it so much! What is it?

Chinatown brand spring onion pancakes!

$8.20 for a pack of 25 pieces.

Made in Singapore!

I patriotic or what?

Today, I pan fried 2 pieces for lunch:

Waiting...

Flipped! Nice!

To each piece, add 2 tablespoons of baked beans. I like the NTUC Fairprice brand's because it is only 90c a can but it was sold out and I had to settle for Ayam brand's which costs slightly more than $1 a can.

This was piece number 1.

Tucking in while piece number 2 was still frying in the pan.

Yummy yum yum and the price of lunch? About $1.10.

Which supermarket did I go to?

NTUC Fairprice, of course.

Oops (Added at 5.45pm):
A friend SMS me and asked me how did I get $1.10? Shouldn't it be $1.00 + $0.66 = $1.66? Er... It is $1.10 because I still have half a can of baked beans left!

Related posts:
1. Yummy yum yum breakfast.
2. Restaurant quality ramen at home.

Old fashioned or growing older?

I was chatting with a reader on FB and I said how I prefer the newspapers in paper form and not digital form. 

I am very old fashioned. I like to be able to make notes in the margins, underline, tick or cross sections and sometimes draw funny faces (yes, I like to think that this is old fashioned too).

This is a reason why I really dislike annual reports being sent to me in CDs! See these?

I like to be able to do this:

This is quite clean actually. For some annual reports, I could write paragraphs, penning down my thoughts while they are still fresh in my mind. 

I have grown more forgetful of late and I am more easily distracted too. So, it is important that I pen my thoughts down quickly.

Annual reports in CDs? They are really off putting for me.

Related posts:
1. Invest and get back the money spent.
(Old fashioned? Growing old too.)
2. What I do before I buy or sell a stock?
(Old school or old fashioned? Different?)

Totally unrelated post:
Save money with low prices (Go shopping with AK).
- Just updated. All the links were dead.
Thanks to a reader for alerting me.

Old Chang Kee: Curry Times.

Talented OCK supporter! LOL!
I have always wanted to try the Fried Laksa and the Ngo Hiang in Curry Times by Old Chang Kee. However, each time I walked past the outlet in Westgate, I would see a long queue and I really dislike waiting in queues. So, I would walk away.

Today, I got to Westgate a bit earlier in the evening and the restaurant was only half filled. I didn't have to queue. Lucky!

I didn't have to wait too long for them to serve me my orders. Thumbs up!

Fried Laksa:

Ngo Hiang:

Yummy! I like!

As I was tucking in, a queue formed outside the restaurant. Wow! That improved my appetite! Old Chang Kee is doing well!

Photo taken after I left the restaurant. 
It was about 6.45pm.

You know how we get mints from some restaurants after dinner? At Curry Times, we get some nice old fashioned biscuits. I really like the ones similar in size to 5 cent coins with the little coloured sugar tops. Diners get to help themselves to a cupful when they pay at the cashier!

See the big jar of colourful biscuits?
Click on the photo and see if they bring back memories.

I will have to bring my mom next time. I think she will like the Chendol.

Related post:
Old Chang Kee: Lessons from Mr. Han.

InvestX Congress 2014: AK's first public appearance.

By now, many probably know that I have agreed to be a guest speaker at a one day investment education event that is happening on 14 June 2014 (Saturday) in Suntec City. It is an event that is organised by a bunch of friends who formed a company called "The Fifth Person".

These same friends organised an event which I blogged about earlier and a guest blogger, Solace, did a review of it. I think it is safe to say that Solace was impressed. Well, the event on 14 June 2014 will likely be more impressive.

I know my friends managed to get a couple of industry professionals to be guest speakers as well. So, apart from what you see in the marketing material, you are likely to get some bonuses on the day of the event.

Price of ticket? $99 per person. However, early birds pay $79 per person. This special offer is good till 21 May 2014.

Now, I know that probably quite a few readers will want to go to the event because I am going to be a guest speaker. If that is your motivation for going to the event, please consider not going. Why? The reason is quite simple.

I won't be saying anything you have not heard me said in my blog for the last 4 and a half years. I would be surprised if you have not grown tired of me repeating myself once every so often.

I will, however, tell you why you should go to the event.

You should go to the event to listen to Victor Chng and Rusmin Ang, two brilliant young minds. Those stocks listed in the marketing material are not just stocks that they picked out to show how well we could have done on hindsight. They actually invested in those stocks after doing thorough due diligence earlier on and if you were to listen to them, you would be impressed and, more importantly, enlightened.

You should go to the event to listen to industry professionals. I cannot reveal too much at this point but I think it will be a fun and rewarding experience no matter your level of accomplishment as an investor. Ok, to be fair, I feel that if you are already a very accomplished investor, you might find the event dull at times (mostly during AK's segment).

Finally, you want to go to the event to help raise funds for charity. Yes, a meaningful percentage of the proceeds will go to a charity. My friends know that I have a soft spot for Singapore Children Society and I hope that the donation will go to the charity of my choice. (I am being sneaky because the recipient has not been decided yet. Hey, guys! I win!)

I believe that this is going to be a value for money event. So, if you have the time and $79 to spare, block the 14th of June and reserve your place. It is not a big event like the one I blogged about earlier this year in Kallang Theatre which sat 1,200 people. For this event, there are only 400 seats available. So, if you decide that you want to attend, don't wait too long to get your ticket.

Get your early bird ticket at: InvestX Congress 2014.

Now, I will have to decide on a disguise.

P.S. Supporting this event could indirectly raise the profile of Suntec City Convention Centre which could benefit Suntec REIT. This could benefit the writer who has been a Suntec REIT shareholder since 2009. OK, now, you have been warned.

Related post:
Tea with Solace: A review.

AIMS AMP Capital Industrial REIT: $1.425.

There is no accounting for Mr. Market's behaviour and the recent strength in the unit price of AIMS AMP Capital Industrial REIT is, to me, inexplicable.

At a pre-rights unit price of $1.415, the REIT was trading at a discount to NAV which was at $1.52 per unit. Post rights, however, the NAV is closer to $1.29 a unit. So, the recent high of $1.43 is actually a 10.85% premium to NAV.

Of course, with the funds raised from the rights issue not being used for yield accretive purposes, I also expect a 15% dilution to DPU in the near term. Not very supportive of a higher unit price, wouldn't you say? Eventually, DPU should recover but probably not to the pre-rights level and not in a jiffy.

Having given due consideration to all the above reasons, I decided to reduce the size of my long position in the REIT which is now larger after the recent rights issue. How big was the divestment? Not a big one but a rather small 14% or so. Who knows? Unit price could go higher.

The units divested are those I bought in late 2009 and mid 2010. Time really flies.

I estimate the return on investment, including income distributions over the years, to be about 17% to 18% per annum.

With this divestment, I have taken back the money I used to participate in the recent rights issue (at $1.08 per rights unit) and a bit more. A bit more? With a theoretical ex-rights price (TERP) of $1.365 then, it means that my partial divestment has a nice little capital gain to boot.

After this, my war chest will be beefed up but, everything else remaining equal, my passive income from S-REITs this year will be lower. I will have to wait patiently for opportunities.

ERRATA:
Post recent rights issue, NAV/unit should be about $1.45. A thousand apologies. My brain no good. Thanks to Louis and Capricon for the nudge. So, it means that at $1.43, there is still a 1.5% discount to NAV.

Related posts:
AIMS AMP Capital Industrial REIT: Rights.
AIMS AMP Capital Industrial REIT: Good price?