July 2011 was interesting as there was quite a bit of unexpected corporate news flowing from the companies which I own. This was surprising considering I only own 6 companies right now in my portfolio, one of which is a REIT. Also for this month, Suntec REIT and SIA Engineering released results which will be profiled in the respective company summaries below. Over on the political front, Norway suffered a horror terrorist attack on July 22, 2011 which highlighted just how vulnerable we all are to this kind of violence. Meanwhile, Spain and Greece continue to hog the headlines on their debt problems; and USA has decided to join the party with the Senate debating on whether to raise the debt ceiling to allow the country to borrow even more money. As if the amount they owe wasn’t obscene enough…..
On the local economic front, COEs and HDB resale prices ......