Let's talk about counters in the SGX - penny counters, big mkt-cap counters, counters that have vanished, etc,..

Looking at things in another way - yield-counters or not : penny-sized yield-counters, blue-chip yield counters, betting counters, etc,..

I'll start with Keppel Corporation. I love Keppel Corporation for its big market-capitalization, having been around for a long time, consistent and twice-a-year dividend payout and very recently, a yield of 7.23% as of today.

Any other SGX counters that specially appealed to the forummers here ?

This post has been edited by Hansel: Sep 29 2015, 04:29 PM

Olam ok ah?

Hi Bone - FKLI King,... Olam,.. commodities counter. Commodities rout now,... not a good time to enter yet because still unsure how long will this rout run... Same with Noble, Noble is worse,... a body called Muddy Waters keeps poking at her accounting reports.

lol...bone gor become FKLI king..
status sudah upgraded

I think Olam are on M&A spree. also read today newspaper they're expanding their coffee plantation in Africa.

also Mitsubishi Corporation Acquires some Stake in Olam International

don't forget Singapore Gomen got share in the company

This post has been edited by nexona88: Sep 29 2015, 04:54 PM

Hi guys, noob here.

http://www.bloomberg.com/quote/HPHT:SP

Why is there no P/E ratio for this?

Thanks.

Is it due to EPS negative?

i think Olam got some barang la..

looking at 2.20 to 2.40

edited

lol

too bad some client only trade HK share nia

Right,... I'll quote a personal experience here. I used to hold a business trust called Cityspring. It IPO'ed with a large percentage held by the investment arm of the Sgp Govern't called Temasek.

Bought a few assets, and the last one it bought was an undersea cable facility linking the south of Vicyoria with Tasmania. After that acquisition, everything went downhill.

They held seminars, saying repeatedly to publications that Temasek held substantial stakes in the trust, blah, bah, blah,.. but thing did not work out and the prices dipped all the way down (after I divested). I certainly did not buy the CFO's story (his name was Tong,... something) after I saw him talking to investors in one of the seminars.

People were still holding,... based on the fact that Temasek was the majority shareholder. But still : things did not work out.

Another eg I could quote is Global Investments. Temasek bought a stake in it after Babcock and Brown did not manage to make this work. But how is the counter today ?? Not that good too.

Price-to-Earnings(PER) currently is 3.11.

http://www.dividends.sg/dividend/summary?ticker=NS8U

The negative EPS is a bit of a discouragement to investors, myself included. OF course, for a REIT and a trust, the free cashflow is more important. But if a REIT/trust keeps losing money per unit on a net basis, then the only way it can continue to pay out dividends is through debt. We all know what this means.

When I was invested in Cityspring a few years ago, I remembered the CFO kept telling the world that it is okay to have low earnings, 'provided' the free cashflow is there to keep-up the dividend payout for the unitholders. It did not last, Cityspring was not able to stand as an entity on its own. The maths just don't work.

Out of the three major banks incorporated in Singapore, of which al three of them are in the list of the safest banks in the world, the one which stands out to me is : OCBC.

Main reason is because of its dividend potential, and growth potential.

What do you guys think ?

It is never wrong to put some money into a Singapore bank, for diversification purpose and for security of our funds.

oh I didn't know

well now I know there's no guarantee the company will success with Temasek or GIC as major shareholders / BOD

that's biggest mistake

there is a predecessor thread, but not very active, i remember.

just for the record and reference:

Singapore Stocks
https://forum.lowyat.net/topic/1186899/+1700

Hi,... I guessed I learnt the hard way, it's good to inform here.

The SG gomen has two investment arms - Temasek and the GIC (Government Investment Co).

I wouldn't be surprised. After all, SG stocks were not made known yesterday. I'll contribute whatever I can from personal knowledge and experience here. I'll put up thoughts and opinions from 'other than the general' sources here too.

Please give your inputs too, bro,...

To start off,... most beginners would like to know the following. Veterans would sharpen their knowledge too if they come across information related to the following.

How to open a brokerage a/c.
Which one should I use.
Which company has div.
How much do I need.
How much can I make.
Is it a good time to invest.
Is a Reit better than a stock ?

A very useful extract from an interview with an analyst across the causeway on how to identify Durable Companies that can face economic down-cycles, and the tactic of buying funds made up of such companies.

The way to identify Durable Companies should be very useful in these economic times :-

What are durable companies and how does a strategy investing in these companies benefit investors?

The Durable Companies approach is bottom up and its positioning is a result of company-level opportunities. Durable Companies as businesses that are more stable than the market perceives. We have two definitions for stability. The first is if the profits or cash flows of a company do not decline by more than 15% in virtually any scenario. The second is that the primary driver of future value creation for these companies is the management team spending free cash flow wisely. By buying these stable businesses at attractive valuations, we believe the portfolio can generate attractive returns in both up and down markets.

How is the durable companies strategy positioned?

We believe that by looking for stable companies in unexpected market segments such as smaller companies or out-of-favour regions or sectors, we can find stability at more attractive valuations. One example is small and mid caps. There’s a company that runs ferries between England and Ireland. The CEO owns a large portion of the company and the business is competitively positioned. The profit stream is stable, but it’s a small cap company in Ireland. Similarly, the materials sector usually mean metals and mining, and highly cyclical. But there are companies with highly stable businesses that are independent of the economic cycle. They can generate attractive long-term returns if managed well but tend to be overlooked. We manage the portfolio with a total return mindset, and are not beholden to the structure of the index in any way. Thus, the portfolio looks very different from the index with a very high active share of 99%.

What are the main challenges in managing the durable companies strategy?

The only challenge is finding very stable businesses at attractive valuations. It’s why the portfolio is concentrated and unconstrained. The fund typically holds 25-50 securities, and at present we hold 39. This scarcity is why running this portfolio is such a great competitive advantage, because we have a very broad investment opportunity set to choose from, and many great investors to seek input from. This is a valuable resource in managing a portfolio whose success rests on the quality of our company research.

i am more into sg reits.

i have only singtel as a regular/div stock.

have not done much work on regular equities, so i stay away mostly...

Wouldn't you want to diversify into some SG dividend stocks too ? There is a small risk, though not a big issue with SG REITs = the gearing. When interest rate rises, there will be some impacts, no matter how low the gearing of the REIT is.

The SG SOR (Swap Offer Rate) has been rising,... the rate of rise will pick up when the Feds increases interest rate. The mortgage-holders in Sg are now slowly feeling the pinch. Many loan packages in SG are tied to the SOR, and to the SIBOR too. Just like our BLR.

no.

i have too much to read and monitor just for sgreits, us equities and crude.

can't deal with more, not even bursa stuff!

Yeah,... I can see that you are quite successful in the UWTI and DWTI games. I too follow the US Equities, as for Crude, I just read the everyday news that I come across. As you bump into news about SG REITs, you will come across the SG dividend stocks too. Same principles in analysing with one major difference - SG dividend stocks do not have to give out a minimum of 90% of their net profit in the form of net property income in order to have maximum tax advantage.

For the SG dividend stocks, we look into their Dividend Policy and their record of dividend payout over the years.

Hi,

Sorry for disturbing. You told me to check this thread. However, I have read finish. Nothing on which broker are you using and which bank you are using. Whether can do online or one need to manullay call SG. Please share.

Hi Bro,... I use DBS Bank, and I use DBS-Vickers as my Singapore brokerage. ALL transactions in DBS Bank and in DBS-Vickers (DBSV) can be performed online, UNLESS if you are attending to a Rights Issue exercise, then you may need to go down to Sgp to do some small activities.

But, let's leave out this thing called a Rights Issue at the moment.

The first time when you need to set-up the account, you need to go down to Singapore and meet-up with the DBS branch from where you would like your account to be set-up. After your account is setup, you will be given an id, a password and a security token, with which you can use to log-on to your account from Malaysia, and from anywhere in the world.

When you open your DBS Account, open a normal Savings Account and a Multi-Currency Account (MCA) at the same time. With the MCA, you can deposit funds of different currencies into that account into different pockets inside that account.

I'll stop here, bro,... think about this, and ask me any questions you would like to.

Ok. Thanks. I will save it up and update you in December. Hopefully I can go to Singapore in December.

From what I have been reading, SG bank charges if you fall below certain limit. What's the minimum limit for DBS to prevent it from being charged? What's the minimum to open the above account for normal savings and MCA?

For the DBS Savings Acct, prepare SGD1000 to open the account. If the daily amount falls below SGD1000, there will be a service fee of SGD2.00 charged at the end of the month.

As for the MCA, it's a bit dear,... SGD3000 to open and a minimum amount of SGD 3000 must be maintained. Otherwise, a service fee of SGD7.50 will be charged at the end of the month.

Perhaps don't need to open the MCA first. Just open the DBS Savings Account.

What is the duration for an inactive account? In Malaysia if there are no transaction in 7 years, the account is close and money will be moved to unclaim monies.

Also, how can you carry SGD4000 cash pass Malaysian & SG customs? As far as I know Malaysian law state that one cannot carry >RM10k cash out of the country.

This post has been edited by Ramjade: Oct 2 2015, 12:28 AM

its USD 10K not RM10K.....

Opening Ac in Sg is easy.. the difficult part is transfering or putting money into SG if u are from Msia..

There is no duration for inactivity. The account will remain as it is.

For Internet Banking, if you do not log-in after 1 year, the id and password need to be reset again.

For more information, you can call DBS directly at this number : 65 6327 2265

i got hup soon global. also whell connected with govt. Temasek has shares. dunno what happened to company now...

not more that equivalent USD10k. for RM denomination is 1k

Company was delisted.

Accordingly, the Shares will be delisted from the Catalist of the SGX-ST with effect from 9.00 a.m. on 8 April 2013.

By Order of the Board
Sophia Lim
Company Secretary
4 April 2013

Ann't as in attachment below :-

http://infopub.sgx.com/FileOpen/Annt_Date_...nt&FileID=12014

Sorry !

I was waiting to go into more SGX dividend counters and selected REITs today, thinking that the mkt will fall after the ann't of a technical recession by the Monetary Authority of Sgp (MAS).

The STI performed the contrary by rising instead of falling just like the other bourses around region.

Let's see what happens later on,.... Market is unpredictable.

i remember a few months ago, the expectation was weakness and looming recession with several reports were pointing to mas targeting usd/sgd 1.40.

it went to 1.43 at one stage where i last bought some sgreits.

now, avoiding a technical recession, chances are 1.40 will be about right.

sgd/rm now 3.025.



what dividend stocks are u looking at now?

Tq for your reply, bro,...

A bit of wrong timing at my side - I really needed USDSGD to touch 1.44. So,... I'm a loser, at least in the short term. My USD just sitting there waiting to be converted into the SGD, not earning interest or coupons or dividend.

Happy for you that you bought some SGREITs earlier, and to remember that you hold First REIT too. I have some good news for you about First REIT,... just released :-

SINGAPORE – 13 October 2015 – Bowsprit Capital Corporation Limited (“Bowsprit”), the Manager of First Real Estate Investment Trust (“First REIT” or the “Trust”), Singapore’s first healthcare real estate investment trust with properties in Indonesia, Singapore and South Korea, today announced a 3.0% year-on-year (“y-o-y”) rise in distribution per unit (“DPU”) to 2.08 Singapore cents for the third quarter ended 30 September 2015 (“3Q 2015”), compared to 2.02 Singapore cents of the preceding year (“3Q 2014”).

...so,.. prepare for money dropping in soon.

Dividend stocks,.. still observing,... and some selected REITs too.

what SGX div counters u shortlisted? dun mind sharing?
I hv some not utilized SGD sitting in DBS. dunno what to buy.....

Since today free.. looking around....

Okay,......

I have been watching KEPPEL CORP closely for the following reasons :-

1) big cap stock.
2) good time to enter now because of oil price weakness.
3) quite sustainable and consistent dividend payout.
4) yield is around 6.55% at current price today.
5) company is heavily diversified in terms of business lines and in terms of geography.

Negative qualities for me :-

1) giving-out dividend only twice per year, not the usual 4 times per year that we are used to enjoying.
2) must watch closely in order to buy because it 'jumps back up' very fast.
3) institutions are always watching this counter.
4) though the DPU is QUITE consistent, but still it is not as consistent as the REITs in my portfolio.

can't think of any other reasons,.... Good luck, Elea,...

The price yesterday dipped to 7.19, but I was hesitant to enter,....thinking that the whole SGX will dip today and drop all boats,... but, well, I was wrong.

Wait a little bit more,.. since oil price is still dropping. When the euphoria of the MAS announcement has died down, then oil price will again re-couple itself to the price of Keppel REIT.

Really frustrating, this SGD and Sgp,... MAS says easing, the immediate reaction is the SGD rises,... the STI rises and everything abt Sgp rises,...

thank you.



Non reits that I hv collected so far is
telco co , UMS, Lee metal, Sheng Siong, Neraltel, silverlake.
Now thinking of disposing Silverlake since got CAP appreciation as the price also YOYO very fast.

You are welcome.

Silverlake - how long have you held on to this counter ? What are your opinions of this counter ?

I wanted to invest much earlier however price did not match.
just as well, coz the price came tumbling down.
then i just bought some at .52 on 16 sept . So now thinking dispose.
As there is cap appreciation and they they not settled the accounting issues yet.

Hi,...if Silverlake has not settled the accounting issues yet, then it is a good time to do some trading now and take some profits while awaiting further. However, if the acct'g issues are settled via a report from the independent auditors appointed by Silverlake, then I believed the price of this counter would go up nearer to 90 cents. I have not followed this counter very much,... when is the independent auditor due to release the report of its findings ?

The thing that caught my eye about Silverlake was its recurring income stream after a software package has been sold, or an upgrade has been completed for a banking customer. Many large financial organizations in South East Asia use their software solutions.

I have started to buy-in into Keppel Corp today. Gotten-in at 7.28.... Couldn't resist it anymore.... At 7.28, the dividend yield is at 6.60% annually, paid twice a year. I will be receiving the first dividend payment round about the first week of May next year.

I am estimating even if the orders and the rig production processes run into problems, the dividend yield will drop to 6.00% at my Buy price. If Keppel should go down further, I will be able to average down.

Hansel, take a look at : Keppel Infrastructure Trust (A7RU)

100% owned by KEPPEL CORP.

What u think?

Keppel Infra Trust was formerly known as CitySpring Infrastructure Trust. This was the first trust that I invested in when I first started in the Singapore REITs sector many years ago. I invested into KIT (or CIT) when CIT first IPO'ed.

There were many problems. The unit price dropped, when I attended the AGM and asked questions, the CFO acted more like a lawyer than the board of directors explaining thing to the shareholders, etc,...

The unit price dropped badly, and the DPU was also reduced. I thought the trust was delisted till I heard recently that the Keppel Group bought it over.

Out of personal experience, I think I'll stay away from KIT (or CIT) for the time being, until I see clearer pictures ahead.

Lol,... I still remembered,... back then, we were always debating whether a REIT having zero or negative earnings per unit was able to give out dividends in a safe and consistent manner. CIT management was ALWAYS ADVOCATING that for a trust, the most important thing was cashflow, AND NOT earnings. Hence, having zero earnings was FINE for a REIT,.... The management was always saying it's all in the accounting treatment.

The unit price never appreciated and dropped all the way. I'm surprised that the Keppel group finally absorbed this trust into its family.

Managed to secure quite some lots of Keppel Corp today. Caught the lots at 7.24, the lowest price for today.

Edited by adding : I wouldn't be surprised if the earnings per unit today is near to zero or in the negative region. The rentals they collected could never yield net property income, I really haven't really studied why,.. but I think it's because of the characteristics of the assets that they hold.

This post has been edited by Hansel: Oct 19 2015, 07:17 PM

Frasers Centrepoint Trust :-

Quarterly report was released yesterday morning. In short, all metric were up, the DPU was higher compared to the same period last year and the suburban malls are looking good. Yield at current price = 7.18%.

Keppel Corp :-

Quarterly report was also released yesterday. All metrics were down, collection problem from a client in Brazil but still highly motivated. The price opened at 7.40 today, surprisingly, then dropped back to the lowest of 7.19. Couldn't catch any at 7.19 though, so bought at 7.25. Yield at current price = 6.62%. Still believed Keppel will come back.

I like Frasers Centrepoint Trust, own mostly suburban malls, should be more resilient in challenging times ...

Same here,...however drilling deeper down into the data, the only slight worrying matter pertaining to this trust is that Bedok Point may not perform, as seen from the data tables. The Occupancy Rate seems to be trending down in the three previous quarters, and rental revesion percentage is negative, which means the average rental collected has dropped compared to the figure from the leases signed three years ago. All the other five malls have postiverental reversions. Bedok Point seems to be dragging down the average figure...

Edited by adding : yeah,... forgot to add, Frasers Centrepoint Trust (FCT) also owns Hektar REIT of Msia. majority shareholder position, I think,... saw the holding position at Hektar REIT of 44%, opened to correction,...

If anything happens to Hektar REIT, it may drag FCT down with it,...

Are you keen on a good big-cap counter which has a good yiled at present ?

This post has been edited by Hansel: Oct 25 2015, 03:39 PM

Ya, any recommendations?

At this point in time, I spotted Keppel Corporation, BN4. Share price has been depressed because of oil price problems affecting their Offshore & Marine business segment. The management has taken this opportunity to right-size, and to streamline their operations.

What I like about their web presentation is when they said this : Throughout history, Keppel Corp has always survived through all economic cycles, and have always come out to be in better shape after the cycle has ended.

I love the way they do their reporting, via webcasts. What are your opinions ?

Thanks for the heads up... Will research more on this stock.

You are welcome,... awaiting your opinions,....

After almost one week since Keppel Corp reported her earnings, the mkt lost some faith on the words by the BOD. This is reflected by the drop in the share price to a low of $7.17 this morning.

In the meantime, crude price has dropped to USD43.30/bbl.

On my side. I wouldn't mind if Keppel's price drops till below $7.00.

Frasers Centrepoint Trust (FCT) stays at $2.00 and above for yesterday and today,... what that is worth noting is that FCT will begin its Asset Enhance Initiative on one of its malls, namely NOrthpoint Mall from March 2016.

The ROI record for FCT's AEI activities has been acceptable. I will be watching closely for the announced ROI target from the management for this AEI.

' QUOTE(cherroy @ Oct 28 2015, 08:35 AM)

I don't think oil price will stay low forever.

The further sliding down of oil price from current level, will "destruct" a lot of capital investment which could mean supply destruction for longer term future.

1-2 years staying low, highly possible, but don't think so for more than 5-7 years time frame.

It could be the repeating history of oil price during end of 1990's era, whereby oil price went nearly USD10/barrel, which if looked back, was the reason why there was super bull run of oil price 5-7 years later on.

*
it has been a year now.

not forever, not even 5 yrs - too far to see anything.

but <usd50 for another 2 yrs is likely.

world economic growth forecast slashed, slow china, slow europe.

drought, elnino, smog affecting se asia productivity, australian growth.
http://www.themalaysianinsider.com/malaysi...ity-says-report
http://www.bloomberg.com/news/articles/201...-up-heat-on-rba

oil storage very full, tankers idling at sea, q'in at ports, china big stockpiles.

no big "oil consumption engine".

the damage done is severe - loss of jobs, little capex now spent, oil/oil service cos. consolidating...

effect will be serious and long lasting.


i will not put my money on oil/energy at this time, local or foreign. more pain to come, imo.'

Based on the above comments by Cherroy and AVFAN from the other thread, we can see the sentiment is really causing Keppel Corp to drop further yeaterday (though holding at a low of 7.13 till now this morning).

I will remain steady,.... and stalking patiently to go in. This is the time to see how will Keppel's other businesses will do their part to offset the decline in their Offshore and Marine Business Segment.

PRICE STILL stablize at 7 plus.... u collecting?

Indonesia's Lippo to shift REITs from Singapore to Indonesia

http://www.thestar.com.my/Business/Busines...esia/?style=biz

Hi,... it looks like Keppel Corp has more to drop. I'll hold my bullets for now. In the meantime, Keppel has announced this evening that it has completed delivery for one unit of FELS rig for an entity in Saudi Arabia. This is one good piece of news.

Tq nexona,... this is news indeed. I wonder what the mechanism for the 'shift' would be. Is it to delist from the SGX followed by an IPO in the Jakarta Stock Exchange (JSE) ? Then the currency of holding will shift from the SGD to the Indonesian Rupiah...

Report didn't say anything in detail, but I guess like what u said or dual listing

If dual listing, then the hospital properties will be divided among the two REITs. DPU will be divided out... Either way, it 's not very good news for unitholders.

better to wait for more details from them.
now too much speculation

in response to news.. First reit stats to dipped.

First REIT, SGX - AW9U :-

1) On Wednesday, October 28th., 2015, the following news came out from Reuters:-

http://www.reuters.com/article/2015/10/28/...N11900V20151028

AW9U closed at $1.32 on the same day.

2) On Thursday, October 29th., 2015, AW9U opened at 1.32, dropped all the way to 1.20, then recovered to 1.24, and closed at 1.24. On the same day, the following news were disclosed to the SGX :-

http://infopub.sgx.com/FileOpen/First%20RE...t&FileID=375486

In short : the Manager of First REIT said : As at the date of this announcement, the Manager is not aware and has not been informed by First REIT's sponsor, PT Lippo Karawaci Tbk (the “Sponsor”) of the Sponsor’s plans as set out in the Article.

http://lmir.listedcompany.com/newsroom/201...WE3MLHCE8.1.pdf

In short : the Manager of Lippo Malls Indonesia Trust said : the Manager is not aware and has not been informed by the sponsor on their plans to shift.

3) Today, October 30th., 2015, AW9U opened at 1.205, dropped till 1.15, recovered to 1.18 as of NOW.

No official disclosures to the regulators yet by Fisr REIT nor by LMIRT till now. Questions posed to the IR have not been replied to yet till now.

Comments :-

1) What is the REIT regulations available in the JSE that may cater for these two REITs if they should decide to shift over ?

2) The Reuters report said : Indonesia's government last week announced incentives aimed at getting companies to create REITs by removing double taxation that may apply to such businesses.

The incentives were announced last week. Does this mean the implementation of the incentives would materialise ?

3) In a related report by the Edge :-

http://www.thestar.com.my/Business/Busines...esia/?style=biz

Mr James Riady said : "Because of the government policy, we think Indonesia has very good potential for REITs,".

He did not mention that he will shift the two currently existing REITs to the JSE. He may be thinking about setting-up new REITs for his other properties in Indonesia.

4) Will any CEO intentionally kill a productive golden goose and then try to raise another one at another place ?

5) The SGX is experienced in the running of REITs with an established REIT market, has great incentives, has the largest REIT market in Asia ex-Japan, has international investors coming to invest in her REITs, and has great currency..

The JSE promises to give to give better tax incentives in order to spur up their REIT market.

Perhaps Indonesian property developers who have no external REIT presence may want to capitalise on this new incentive scheme in the JSE, to try it out and to hope that everything turns out well. But again, to kill a golden goose from another place and try out in a less-developed environment ?

Edited to correct grammar errors...

This post has been edited by Hansel: Oct 30 2015, 12:45 PM

Recovered today from noon to ard $1.25, then closed at $1.24. Let's see what ann'ts appear from AW9U and LMIRT on Monday, November 02, if any.

Steady.

http://www.theedgemarkets.com/sg/article/f...-reuters-report

this riady guy is either testing for reaction for hidden agenda or an idiot, should know how to communicate better and more responsibly.

i have lost faith in INDON equities.

This post has been edited by AVFAN: Oct 30 2015, 07:00 PM

Hi AV,... agreed. With my analyses in-place, let's see what happens. Reactions in the coming days and weeks from the SG market as a whole and the worldwide investors of First REIT will give a clearer picture of what's coming.

Steady,...

the thing is it's been more than than 2 days since he made that statement.

it cannot be without reason that he and his office chose not to correct what he said.

speaks volume of the man.

And SGX never question the managers of both Reits too. There should be a filing with SGX (or clarification) with such material announcement by the group CEO


edit : actually the manager did http://infopub.sgx.com/FileOpen/First%20RE...t&FileID=375486

This post has been edited by Showtime747: Oct 30 2015, 09:24 PM

that too.

somebody need to be sacked!

Sorry they did. They say they are not aware of the plan

Gents,... somebody has already asked the IR on both managers what material find did they discover upon checking with the sponsor, pursuant to the statements quoted by Reuters against the sponsor's CEO.

Sure, the managers said they are not aware, but pursuant to one of the Listing Regulations, something of this nature, which highly affects the trading of units in the exchange requires a response from the issuer. THIS IS SINGAPORE, we can do our part here, transparency is the utmost quality.

We are now awaiting replies from IR on how their sponsor is replying to them.

Edited by adding the second para above.

This post has been edited by Hansel: Oct 30 2015, 11:42 PM

yes,.. just stick to those Prop inSingapore....!!!!! Less forex headache.

Keppel Corp. Below 7 . Any idea if still consistent div?

I'm sorry,... I have not counted yet,... I have got my hands full with Saizen REIT and First REIT.

On a very broad-based strategy, I would say the move now should be to hold back our purchases. The Feds are hinting again of a rate hike in mid-December - the mkt will look at this and chances are it will drop further. At this time, for whatever funds we have available, out it into Sgp FD first.

Accumulate bullets, 'when the prices have dropped sufficiently', then buy-up the targetted counters.

If we can enter at a good price, even if the dividend drops, the yield will still be acceptable.

SAIZEN.. u make money

FIRST REIT.. that one is pening..
as current price above NAV.

this round, i am with you.

i am not buying anything new after selling some in sgx and nyse.

will keep my head down and see what happens by Xmas.

let's shout if we think it is time to buy!

For Saizen,.. , however, I am not really happy to make this type of money. For after making this money, I have to start all over again to look for another instrument to maintain my passive income. I have to do my studying again.

First REIT - don't move too fast,... watch first. One mkt observer this morning said that it is not easy for First REIT to simply just delist from the SG mkt and run away. He is not talking about the mechanics of delisting, but more towards the commitments that FR has put in-place, eg the SGD-denom rental payments from the Indonesian hospitals to the managers in Sgp.

I heard Ms Yellen is giving a presentation to a US Govern't economic committee on Wednesday, US Time. More hints to come from there.

As we speak, the following SGX counters have dipped further :-

1) OCBC Bank
2) Keppel Corp
3) Frasers Centrepoint Trust
4) Keppel DC REIT

The following SGX counters have stayed their course :-

1)AimsAmp Capital REIT
2)IREIT Global

Down they go,...hopefully,...

Edited to correct information...

This post has been edited by Hansel: Nov 2 2015, 02:30 PM

Singtel < 4.00
OCBC < 9.00
DBS near < 17
UOB near <20
Soilbuild very near <0.80
Cache < 1.00
Suntec near <1.60
Mapletree near <1.50

Go go go, back to 27xx like in late September

We are not shorting the mkt, but we are encouraging the shorting of the mkt.

Since I am looking closely at Silverlake Axis too,I would like to reflect on the above posting that I made back in October 16, 2016. SAL held its AGM on October 26th., and one of the attendees provided the feedback as below on his observation at the AGM :-

I had to leave after 2 hrs of shareholders questioning the board on various resolutions. Generally, the points summarized as follow:

1. Shareholder question about razor99 short sell report.
2. Board appointed Deloitte to investigate report and the results were not out before AGM.
3. Understandably some shareholders did not find it fit that queries were not being addressed which forms the basis of the financial report. (technicality: I believe the resolution is to accept the accuracy financial report numbers rather than the integrity of the company and its financials. YMMV)
4. Many going back and forth. Chairman kept highlighting that he need to spend lots of time to explain details and that there is a system/professionals that should be respected.
5. Imo my feel is that the board should have prepared shareholders with very clear disclaimers beforehand and handled situation better. Noted that newly appointed director munir did eventually say that in his own capacity, he is not aware of any corruption by silverlake during his previous tenure in related banking.
6. Also felt that there were some queries that the board could not keep addressing without getting into trouble.. Unfortunately for the board, their words hold more liability in public space than the shareholders.

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Above highlighted sentence puts a lot of doubts in investors' mind.

How credible is the following study conducted by The Legatum Institute ? If it is credible enough, and Sgp can sustain this performance, then we should consider ourselves fortunate to be situated so close to this great island-state.

Invest all the way into Sgp, if we are of the view that this is true. Our retirement funds investment haven....

The 2015 Legatum Prosperity Index, a project by the Legatum Institute that annually ranks countries’ prosperity based on income and wellbeing, has placed Singapore at the top of its Economy sub-index. The country has climbed one place higher each year in the Economy sub-index since it ranked third in 2013. Singapore beat 142 other countries such as Switzerland, which held the spot last year and is now 2nd, and China, which is 3rd.

Link : http://sbr.com.sg/economy/news/singapore-b...conomy-in-world

Edited by adding : Of course, when something is good, there will be contenders and people fighting for that thing. A very good case here is : First REIT. The Indonesian Gov't sees that first REIT can do well in Sgp, hence they are trying to replicate this in their slowing economy.

Investors in Sgp will hold the price up,... if First REIT wishes to delist and shift, then they should compensate investors well enough for this good counter. Not just give us back 15% above nav,.....

What is fair ??????????

This post has been edited by Hansel: Nov 4 2015, 11:44 AM

Just came across the fact that another favourite counter of mine, namely Singpost, has announced results om Nov 2nd, ie two days ago. Missed the result ann't...

Dividend for the second quarter of FY2015 has increased from 1.25 cts per share to 1.50 cts per share. Being an Sgp-based entity, headquartered in Sgp with assets in many parts of Asia Pacific, there is a very slim chance that the management will 'shift' the listing to another bourse besides the SGX.

i like this JUMBO story!

sgd40 mil cap of chili crabs, bakuteh and ramen.



This post has been edited by AVFAN: Nov 9 2015, 05:10 PM

after sale of FIRST REIT, what u getting?

JUMBO?.... Food items recession proof.. haha

no jumbo, that was for fun.

I'm still watching Frasers Centrepoint Trust and Keppel Corp. Keppel DC REIT is a 'boutique' REIT that I'm looking at too. It came out in the Business Times last week that the non-traditional REITs are slowly finding their ways into the SGX.

Perhaps investors should have a look at non-traditional, boutique REITs too.

If you like Food Junction, you can use the same methodology to analyse Jumbo.