I think Straco has proven itself to be a cashcow with good business fundemental.
I also think Singapore Flyer is a good buy relative to cost, and also Singapore Flyer hold great potential.
However, I think upside is rather limited from here onwards.
Straco is a cash cow, It is increasing its dividends, and many believed it can be a grower with its acquisition.
While Flyer is a great tourist attraction, it is loss making and will not yield results in the near future.
So the attractiveness as a dividend grower is lost.
Current valuation based on yield is not attractive. Hence it is hardly a stalwart or dividend play
It is not an asset play.
It is a grower play.
But as It is trying to do a turnaround, the grower theme has to change. It is a longer term play with risk involved with the timing of turning ......