Korean Bucket List + SRS Portfolio - 7 May 2023

DMZ and 3rd Inflitration Tunnel

April came and went. I managed to check off one of my bucket lists on a business trip to Seoul where I visited the DMZ and the 3rd infiltration tunnel.  

With the new president Yoon on the US side, and the US busy stirring shit on Taiwan, it will be tough to envisage a peaceful world for the next decade.  In fact, a war might be what the US is looking for, to boost demand for their weaponry as well as distract the voters at home. 

It was quite a tiring walk in the tunnel, especially for those who are above 1.75m 

I have to say Korea has a tragic story. Imagine being under Japanese rule since 1910 and then forcefully separated by Russia and USA at the 38th parallel line after World War II. North and South Korea was an artificial construct due in part to the involvement of China as well. It is tough to imagine that Korea and Japan now have to work together with the US to "overcome" North Korea's threats and possibly, China even though South Korea is less inclined. 

The world will be a tougher place in the next 5 years for sure, with a China-Taiwan conflict likely to escalate unless we see the pro democracy party defeated in the Taiwan elections. I think I will probably see China and Taiwan unified more than North and South Korea. 

Coming back to the SRS portfolio as of 7 May 2023, May will be a "happy month".

SRS Portfolio 7 May 2023

AEM Holdings - will report on its Q1 performance on 11 May 2023 but somehow the share price "ran up" in anticipation. Let's see what kind of results will be released this week.

AIMS APAC REIT - announced a full year increase of DPU by 5.1% with occpancy hitting 98% and no immediate debt refinancing requirements. The distribution of 2.654 cents per unit will be paid on 28 June 2023. You can access the presentation here. 

Daiwa House Logistics Trust - will also release its Q1 business update on 11 May 2023

Frasers Centrepoint Trust - announced 1H 2023 DPU of 6.13 cents to be paid on 30 May 2023 with retail portfolio rental revision higher than the same period last year. Looks like May will be a good month :) You can access the presentation slides here. 

Suntec REIT - Suntec reports a disappointing set of numbers where the Q1 DPU of 1.737 cents, which was 27% lower than the same quarter last year. The management expects operating performance continue to improve but it will be eroded by impact from higher interest and energy cost. The payment will be made on 30 May 2023.

That is all for today, happy SRSing!