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AK71

Wilmar: Settling dust?

May 13, 2012 by AK71
Bollinger bands are very popular in TA. Upper band acts as resistance and lower band acts as support. Look at Wilmar’s daily chart, we see that price has pushed past the lower band. This gives us a very bearish picture. Support is weak. It also tells us that the counter is deeply oversold but remember [...]

in Categories: Shares and Derivatives

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Saizen REIT: Acquisitions to increase DPU.

May 10, 2012 by AK71
To me, there are only a few important points to note in the REIT’s latest presentation: 1. Management is on an acquisition path as this is probably the only way to increase DPU as it seems difficult to bump up occupancy of existing portfolio. Occupancy: 91.6%. 2. Potential dilution of DPU to the tune of [...]

in Categories: Shares and Derivatives

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NOL: Bleeding badly.

May 10, 2012 by AK71
On 2 February, I cut losses on NOL as its share price rebounded believing that “shipping industry will face a chronic situation of oversupply and weakening demand this year and possibly the next.” Blow-out 1Q12 Net loss. Neptune Orient Lines (NOL) reported a 1Q2012 Net Loss of USD 253.6 mil, blowing away our already pessimistic [...]

in Categories: Shares and Derivatives

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Wilmar: Mr. Market reacts to weaker earnings.

May 10, 2012 by AK71
Wilmar’s net profit for 1Q 2012 tumbled 34%, year on year. Mr. Market is showing his displeasure in the usual way. Let us draw some Fibo lines. I am using the high of 15 February at $6.05 and the low of 9 April at $4.76. I am doing this in my office and cannot post the chart [...]

in Categories: Shares and Derivatives

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Should have sold in May and gone away?

May 7, 2012 by AK71
In The Straits Times and The Business Times today, there are at least three articles which mentioned “sell in May and go away” and whether it holds any water. Has anyone sold a large part or all of their investments in the last few trading sessions? Well, today, global stock markets retreated as the Greeks and [...]

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LMIR: 1Q 2012 DPU 0.69c.

April 30, 2012 by AK71
I remember saying that LMIR was too cheap to sell in December last year. It was trading at 36.5c a unit then. I also remember saying that unitholders should be more patient after the rights issue because the REIT’s DPU would bump up in time. The rather low DPU of 0.53c for 4Q 2011 would not [...]

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Suntec REIT: Q1 2012 DPU 2.453c.

April 24, 2012 by AK71
I still retain a small position in Suntec REIT at a cost price of about S$1.00 a unit which I purchased towards the tail end of the last financial crisis. This small position is free of cost, actually, since the gain from selling most of my investment in the REIT more than covers its cost. For me, this [...]

in Categories: Shares and Derivatives

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Sabana REIT: 1Q 2012 DPU 2.26c.

April 21, 2012 by AK71
The REIT’s yield accretive purchases of five properties last year has helped to push DPU to 2.26c for 1Q 2012. Annualised, this would give us a DPU of 9.04c. Based on the REIT’s last closing price of 97.5 per unit, we are still looking at a distribution yield of more than 9%. 9.27% to be [...]

in Categories: Shares and Derivatives

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First REIT: 1Q 2012 DPU 1.93c and a higher fair value?

April 21, 2012 by AK71
First REIT has declared a DPU of 1.93c. The unit price of First REIT has been rising steadily. It is clear that Mr. Market is willing to pay a gradually higher price for the REIT’s units which leads me to wonder if we could see First REIT’s distribution yield compressing to 6% which would bring it [...]

in Categories: Shares and Derivatives

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SPH: Interim dividend of 7c per share.

April 21, 2012 by AK71
SPH remains my largest investment in a blue chip. Over the years, it has been very good to me. Last year, I had hoped to buy more SPH shares if price should dip to $3.60 a piece but it never did. Clementi Mall. Singapore Press Holdings’ (SPH) 2QFY12 PATMI came in at S$83.9m, or 5 S-cents per share, [...]

in Categories: Shares and Derivatives

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AIMS AMP Capital Industrial REIT: 4Q FY2012.

April 20, 2012 by AK71
AIMS AMP Capital Industrial REIT has declared a DPU of 2.7c for 4Q FY2012. Total DPU for FY2012 is, therefore, 10.45c. At the last session’s closing price of $1.185 a unit, this means a distribution yield of about 8.82%. The REIT goes XD on 2 May and will distribute income on 19 June. Gearing: 30% [...]

in Categories: Shares and Derivatives

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FCOT: DPU up 16.8% in the last 18 months.

April 20, 2012 by AK71
I did a piece on FCOT in October 2010 when I said that the REIT has probably turned the corner. At that time, it was trading at 15.5c a unit (which would have been 77.5c a unit, post consolidation). It closed at 87.5c in the last session. DPU was 0.5549c then (which would have been 2.7745c, [...]

in Categories: Shares and Derivatives

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Cache Logistics Trust: 1Q 2012 DPU 2.086c.

April 19, 2012 by AK71
It is no secret that I like industrial S-REITs as passive income generators. I am also vested in Cache Logistics Trust although my long position here is quite a bit smaller compared to my investments in Sabana REIT and AIMS AMP Capital Industrial REIT. DPU for the quarter came in at 2.086 S cents and represented a [...]

in Categories: Shares and Derivatives

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AIMS AMP Capital Industrial REIT: Credit rating.

April 18, 2012 by AK71
Life has been somewhat stressful for me lately. Lots of things happening. That explains the paucity of blog posts. I am trying to get up to speed with things and also trying to catch up on my reading of business periodicals which I have neglected lately. In today’s The Business Times, I read that AIMS [...]

in Categories: Shares and Derivatives

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Fraud: Taking money from some adults is like taking candy from a baby.

April 9, 2012 by AK71
If people promise us easy money, we should have to be very cautious. What is it about? How is it possible? Why is it so? Don’t be a victim of fraud. Just a few weeks ago, a client told me how he was given some physical gold for investing some money in a company. Apparently, [...]

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Tee International: Initiated long position at 22.5c.

April 3, 2012 by AK71
Tee International is a mechanical and electrical engineering company and sometime real estate developer. As its engineering business accounts for more than 90% of its revenue, it seems like another logical beneficiary of the increase in expenditure on public building projects in the region. As of 12 March 2012, the company has an order book of S$350.7m for its [...]

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Cache Logistics Trust: Retreating to supports.

April 1, 2012 by AK71
Cache Logistics Trust is a favourite of many REIT investors. It has also received many glowing reports from analysts. I also have a small long position in the REIT. Today, a reader left a comment in my blog asking me if it is a good time to invest in the REIT as it closed at $1 a unit in [...]

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SoundGlobal: Golden cross.

March 29, 2012 by AK71
Are we about to see the formation of a true golden cross which is the bullish crossing of the 200dMA by the 100dMA? “A real, true golden cross — a very Japanese signal — occurs when a rising 100-day moving average crosses above a flat or rising 200-day moving average. It signals positive price action.” Goola [...]

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