CAPITASTAR - The Multi-store, Multi-mall Cardless Rewards Programme

Earn STAR$ on top of any existing rewards programme.  STAR$ are redeemable for CapitaVouchers

CAPITASTAR is a card-less shopping rewards programme that earns STAR$ every time members shop at participating CapitaMalls:

• Bugis Junction
• Bugis+
• Bukit Panjang Plaza
• Clarke Quay
• Funan Digitalife Mall
• IMM
• JCube
• Junction 8
• Lot One
• Plaza Singapura
• Raffles City
• Rivervale Mall
• Sembawang Shopping Centre
• Tampines Mall
• The Star Vista

Summary of CAPITASTAR benefits:

• Earn STAR$ (Every $20 spent in a single receipt* = 100 STAR$.  *Except for supermarkets & food courts: Every $20 spent = 20 STAR$)
• Redeem CapitaVouchers with STAR$ (5,000 STAR$ = $5 CapitaVouchers)
• STAR$ earned in a calendar year will expire on the 31 December of that year.  Members are given an additional six months' grace period to redeem their STAR$.

Visit http://www.capitastar.com.sg/ for full details, promotions, FAQs and terms & conditions.

Again the burning question - how good is the loyalty programme?  Computing the cash rebate percentage equivalent (assuming 100 STAR$ per $20 spend and 20 STAR$ per $20 spend), here's the result:

Spend ($)	STAR$	CapitaVoucher ($)	Cash Rebate
1,000	5,000	5	0.50%
5,000	5,000	5	0.10%

Well, the plus point is that the CapitaVoucher redemption is not capped.

Frasers Rewards

Your Next Purchase Could Be Paid By Frasers Rewards


(Attribution: Photo taken by Investor Lightyear)

I was at Changi City Point this afternoon for lunch and got to know about Frasers Rewards.  It is a point-based loyalty programme accepted at 11 Frasers Centrepoint Malls islandwide.  Members earn points (FCM$), e-cash and lucky draw chances when shopping at participating retailers.

Frasers Rewards is accepted at:

(From 15 March 2013)

• Anchorpoint
• Causeway Point
• Changi City Point
• Compass Point
• Northpoint
• The Centrepoint

(From 1 May 2013)

• Bedok Point
• China Square Central
• Robertson Walk
• Valley Point
• YewTee Point

Summary of Fraser Rewards benefits:

• Earn 2FCM$ for every $10 spent at Robinsons, Marks & Spencer and educational centres and 5FCM$ for every $10 spent at all other participating retailers. (Point earning capped at 1,000 FCM$ per calendar quarter inclusive of bonus points)
• Receive a 20FCM$ bonus with every 12 visits to Frasers Centrepoint Malls. (Minimum spend of $10 applies per visit, capped at 60FCM$ per calendar quarter)
• Exchange FCM$ for e-cash each quarter. (E-cash is loaded directly into Frasers Rewards card - no more fussy vouchers.  First 500FCM$ = $5 e-cash.  Every subsequent 100FCM$ till 1000FCM$ = $3 e-cash.)
• Be 1 of 200 winning members to receive $100 e-cash each calendar quarter. (Earn 1 lucky draw chance with every $30 spent each day group wide within a calendar quarter. Members can continue to earn lucky draw chances even if the 1,000FCM$ cap is exceeded)
• Track FCM$ and e-cash through the members' portal and look out for seasonal perks including free parking, retailers' offers, discounts or invitations to members' events.

Visit www.frasersrewards.com for full list of Frasers Rewards stores, promotions, FAQs and full terms & conditions.

I had one burning question - how good was the loyalty programme?  To measure the attractiveness of the loyalty program, i computed the cash rebate percentage equivalent (assuming 5FCM$ per $10 spend).  Here's what i found:

Quarterly Spend ($)	FCM$	E-cash ($)	Cash Rebate
1,000	500	5	0.50%
1,200	600	8	0.67%
1,400	700	11	0.79%
1,600	800	14	0.88%
1,800	900	17	0.94%
2,000	1,000	20	1.00%

Well, is Frasers Rewards attractive?  I shall leave that to readers of my blog to decide.

February 2013 Singapore Dividend Portfolio Update

S$167.56 dividends received.
(Mapletree Logistics Trust: S$18.58; Cambridge Industrial Trust: S$24.58; First REIT: S$28; Sabana REIT: S$96.40)

Bought 1 lot of Technics Oil & Gas @0.97 on 21 Feb 2013.

Portfolio Snapshot:

No.	Counter	Cost (S$)	Lots	Avg Px (S$)	% of Port	Mkt Px (S$)	Mkt Value (S$)	P/L (S$)	P/L (%)
1	SMRT	5,669.62	3	1.890	14.60%	1.610	4,830.00	(839.62)	-14.81%
2	AIMS AMP Ind REIT	4,186.95	4	1.047	10.78%	1.580	6,320.00	2,133.05	50.95%
3	Sabana REIT	3,745.36	4	0.936	9.64%	1.245	4,980.00	1,234.64	32.96%
4	SingTel	3,218.37	1	3.218	8.29%	3.440	3,440.00	221.63	6.89%
5	StarHub	2,858.20	1	2.858	7.36%	4.190	4,190.00	1,331.80	46.60%
6	Fidelity Asian High Yield Fd A (MDIST) SGD Hedged	2,500.00	2.73216	0.915	6.44%	0.951	2,598.28	98.28	3.93%
7	UOB United Emerging Markets Bond Fd SGD	2,500.00	1.76284	1.418	6.44%	1.458	2,570.22	70.22	2.81%
8	First REIT	2,497.25	4	0.624	6.43%	1.130	4,520.00	2,022.75	81.00%
9	GRP	2,364.68	12	0.197	6.09%	0.340	4,080.00	1,715.32	72.54%
10	Kingsmen Creative	1,679.22	3	0.560	4.32%	0.790	2,370.00	690.78	41.14%
11	UMS	1,467.48	3	0.489	3.78%	0.460	1,380.00	(87.48)	-5.96%
12	Lee Metal Group	1,317.41	6	0.220	3.39%	0.325	1,950.00	632.59	48.02%
13	Tai Sin Electric	1,167.33	6	0.195	3.01%	0.305	1,830.00	662.67	56.77%
14	Memtech	1,062.00	12	0.089	2.73%	0.076	912.00	(150.00)	-14.12%
15	Technics Oil & Gas	997.25	1	0.997	2.57%	0.940	940.00	(57.25)	-5.74%
16	Cambridge Ind REIT	825.93	2	0.413	2.13%	0.745	1,490.00	664.07	80.40%
17	Mapletree Log Trust	542.18	1.08	0.502	1.40%	1.220	1,317.60	775.42	143.02%
	Cash	235.56			0.61%		235.56	0.00	0.00%
		38,834.79			100.00%		49,953.66	11,118.87	28.63%

2012 Singapore Dividend Portfolio XIRR

2012 was a good year for my portfolio as the market value of my counters soared.  In retrospect, i wonder how my portfolio fared and decided to compute the XIRR (Annualised Internal Rate of Return).  Knowing the XIRR of my portfolio alone was not meaningful, hence, i benchmarked it against the Straits Times Index (STI) return for 2012.

I first determined the XIRR of my portfolio.

Investor Lightyear Portfolio XIRR
Cash In/Out	Date	Remarks
33,679.63	31/12/2011	Portfolio Cost as at 31.12.11
2,858.20	31/01/2012	Bought 1 lot of Starhub @2.83
1,467.48	31/03/2012	Bought 3 lots of UMS @0.48
-2,052.78	30/04/2012	Sold 3 lots of Kingsmen Creative @0.675
-3,808.67	30/04/2012	Sold 9 lots of Adampak @0.42
555.01	30/04/2012	Bought 6 lots of Memtech @0.088
2,027.77	30/04/2012	Bought 1 lot of Sakari Resources @2.00
506.99	31/05/2012	Bought 6 lots of Memtech @0.08
1,767.64	31/05/2012	Bought 1 lot of Sakari Resources @1.74
1,557.52	31/05/2012	Bought 1 lot of Sakari Resources @1.53
1,437.47	30/06/2012	Bought 1 lot of Sakari Resources @1.41
1,197.35	30/06/2012	Bought 1 lot of Sakari Resources @1.17
-2,007.76	30/09/2012	Sold 6 lots of InnoTek @0.33
1,000.00	31/10/2012	Invested S$1,000 into Fidelity Asian High Yield Fd A (MDIST) SGD Hedged
1,000.00	31/10/2012	Invested S$1,000 into UOB United Emerging Markets Bond Fd SGD
3,218.37	31/10/2012	Bought 1 lot of SingTel @3.19
-10,000.00	31/10/2012	Capital drawdown of S$10,000
500.00	30/11/2012	Invested S$500 into Fidelity Asian High Yield Fd A (MDIST) SGD Hedged
500.00	30/11/2012	Invested S$500 into UOB United Emerging Markets Bond Fd SGD
500.00	31/12/2012	Invested S$500 into Fidelity Asian High Yield Fd A (MDIST) SGD Hedged
500.00	31/12/2012	Invested S$500 into UOB United Emerging Markets Bond Fd SGD
-44,178.07	31/12/2012	Portfolio Market Value as at 31.12.12
XIRR (%) =	20.66%

I then work out the STI return for 2012 by obtaining the last closing price for the STI index for the years ending 2011 and 2012 through STI historical price from Yahoo! Singapore Finance.

STI Index
Date	Price
31.12.12	3,167.08
30.12.11	2,646.35
Return (%)	19.68%

Finally, i compared my portfolio XIRR against the STI return.

Return Comparison (%)
Lightyear	20.66
STI	19.68
Outperform	0.98

Amazing, my portfolio managed to beat the STI by 0.98%!