Singapore Dividend Portfolio 2025: Building Passive Income at 41!

My Portfolio in CDP Account: Building Passive Income through Dividends

Introduction

Today, I'm sharing my portfolio in the CDP account, which I use to build passive income through dividends. However, please note that nothing I mention should be considered a buy or sell recommendation. This is purely for educational purposes, and I hope it inspires you to start building dividend income for your retirement.

Bowtie Singapore

• I've held Bowtie for several years, and my first video on it was around 3-4 years ago during the pandemic.

• At that time, Bowtie made a lot of money from contracts with the Joe Spatial Department, which was a significant advantage.

• The share price has been recovering, and I'm optimistic it can break its $15 peak and reach new all-time highs.

• Currently, it pays a 5% dividend yield, and I expect to earn $3,520 this year if the projected dividends of 5.5 cents are paid.

Capital Land Investment

• I acquired Capital Land Investment over the last few months and averaged in when the price dropped.

• The position is still relatively small, but I invested in it for China exposure.

• Capital Land has properties in China, but it's also the sponsor of many local REITs.

• If China does well and REITs recover, I believe Capital Land could be undervalued.

• It currently has a 4.6% dividend yield and recently paid a 12 cent dividend. I'm projecting to earn $2,400 this year.

Capitaland Escort Trust

• I've held Capitaland Escort Trust since the pandemic, but the price chart has been unfavorable.

• I'm a bit disappointed, especially when I compare it to Booking.com.

• Booking.com's price has more than doubled, while Escort Trust has made new lows.

• However, I believe as long as our wins are greater than our losses, we'll be fine.

• Escort Trust currently pays a 7% dividend yield, but the latest dividends have been cut slightly. I'm projecting to earn 6.1 cents this year.

Deli Limited

• Deli Limited is a dominant player in Indonesia, and I invested in it when it seemed to be on a new growth trajectory in 2023.

• However, the cocoa price has surged, increasing the cost of goods sold and reducing profitability.

• Deli has also cut its dividends, which is not good news.

• I'm still holding on to it, hoping the cocoa prices will normalize.

• It currently has a 3.6 cent dividend projection, and I expect to earn $2,160 this year.

Fraser Centrepoint Trust

• Fraser Centrepoint Trust has finally recovered, and I increased my holdings through a right issue at $2.50.

• I oversubscribed to purchase more shares.

• Fraser Centrepoint Trust owns heartland malls like Causeway Point, North Point, and NEX.

• I'm expecting to earn $2,843 this year with a projected dividend payout of 12.1 cents.

IFAS Corporation

• I started building positions in IFAS in 2024 when its profits were growing due to good performance in its Hong Kong unit.

• However, the recent performance of the Hong Kong department has shown a lower profit guidance, causing the share price to plunge 12%.

• I'm tracking IFAS closely as I'm familiar with its platform and use it for my private clients.

• I'm investing in IFAS for its growth potential, and it currently has a 1% dividend yield. I'm projecting to earn $678 this year.

Kimly Limited

• Kimly is one of Singapore's leading coffee shop operators, and its share price has been in a tight range over the last few years.

• During the COVID-19 pandemic, it benefited from government grants and growing its coffee shops.

• However, as the subsidies ended and employee costs increased, its growth has been limited.

• Kimly is now more of a cash cow with a 12 times price earnings ratio and a 6% dividend yield.

• I'm waiting for it to show its next growth leg and expect to earn $1,000 this year with a 2 cent dividend.

Maple Tree Industrial Trust

• Maple Tree Industrial Trust has faced challenges, especially with its US data centers.

• The occupancy rate for data centers is a key metric to watch, and it currently stands at 89.9%.

• The latest dividend growth has stopped, and the total dividends for the year are 13.57 cents.

• I'm optimistic that the situation will improve, but I'm using a conservative projection of $6,035 in dividends this year.

Maple Tree Pan Asia Commercial Trust (MPACT)

• MPACT has also faced headwinds, with its Hong Kong mall, Festival Walk, struggling.

• The sentiment for Festival Walk is depressed, and there are concerns about its footfall and revenue recovery.

• The Japanese property owned by MPACT is also facing problems.

• I cut losses on MPACT and moved some of the funds to another investment.

• I'm forecasting a conservative $7.8 dividend, which will equate to about $1,770 this year.

Malaysia Smelting Corporation (MSC)

• MSC is a tin mining company that supplies important industries such as semiconductors and electric car batteries.

• The profitability of MSC depends on the tin price, which is currently fairly strong.

• I missed the opportunity to sell MSC when the tin price skyrocketed in 2022.

• It currently pays a 14 Malaysian cent dividend, and I'm projecting to earn $1,275 this year.

PropNex Limited

• I sold some of MPACT to buy PropNex when I realized that new launches were very hot.

• PropNex is a real estate agency that benefits from a booming property market.

• It's currently trading in a range around $1.10, and I'm projecting to earn $5,580 this year from its dividends.

Sheng Siong Group Limited

• Sheng Siong is a supermarket chain that is relatively recession-proof.

• I acquired a small stake in Sheng Siong in mid-April when the share price was attractive.

• Its latest results showed revenue growth and an impressive gross profit margin of 30.3%.

• I'm expecting a $320 dividend payout from Sheng Siong this year.

Straits Trading Company Limited

• Straits Trading is a real estate developer and the parent company of MSC.

• Real estate companies in Singapore are currently undervalued, and I bought into Straits Trading viewing it as undervalued.

• It currently has a 5.4% dividend yield, and I'm projecting an 8 cent dividend, which will pay me $1,950 this year.

BYD Company Limited

• BYD is a company that doesn't pay dividends, but I've built a position in it.

• It's part of my strategy of accumulating good businesses at good valuations.

Conclusion

In total, I have 13 names in my portfolio that are paying dividends, and I expect to earn a total of $31,010 this year. That's an average of about $2,500 per month. Building a retirement portfolio takes time and patience, and I'm enjoying the process of watching it grow. My portfolio value is currently around $646,000, and I'm looking forward to seeing how far I can take it. If you have any questions or comments, please leave them below. I'd love to hear your thoughts and what your favorite picks are. Thank you for following me on this journey, and I hope I've inspired you to start building your own dividend income portfolio. Don't forget to subscribe to my channel for more updates.

Previous Videos

• Why I Cut Losses in MPACT and Bought PropNex

• Fraser Centrepoint Trust

Take care, and I'll see you in the next video. Goodbye!