Author: A Singaporean Stockmarket Investor (ASSI)

Saizen REIT: More buying interest.

I received an email from a reader today saying: “Seems like u like japan. Saizen see pick up in vol today and yesterday” My reply: “I like Japan a lot. Beautiful country, nice people, good food. Everything works. It is like Singapore but costs more. “Saizen REIT is very undervalued. It is a matter of time that more investors take notice. It also takes time for its troubled past to fade. I have been holding for a year. I can wait a few more months.” Reader’s reply: “About one of your question, if the yield at 6.5% is attractive....

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Suntec REIT: MBFC

Suntec REIT is purchasing the one-third interest in Marina Bay Financial Centre (MBFC) held by Choicewide Group Limited, Cavell Limited and Hutchison Whampoa Properties Limited for S$1,495.8 million. This is hot on the heels of the announcement by K-REIT that it would purchase Keppel Land’s one third interest in the same project. See slides here. “The Manager is currently reviewing various financing options for the Acquisition to determine an optimal capital structure for the Acquisition. Details for the financing structure will be set out in the circular to be issued to Unitholders in due course, together with a notice...

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Roads to wealth creation in the stock market.

I have a friend who is very risk averse and views the stock market as being fraught with danger. He basically thinks it is a jungle with snake pits and poisonous gas bogs. I am inclined to agree with him which is why it would be most advantageous if we could find a guide who would walk with us. Having read some personal finance blogs, my friend decided that he wants to try to grow his wealth by investing in the stock market. A commendable change in attitude, if I do say so myself. He wondered if he should...

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REITs: Simply explained?

The diversity of opinions in this world is what makes it colorful and interesting.  Everyone is free to express his opinions on diverse subjects.  We should remember, however, it is not just what is said which is important.  Of equal importance is how it is said. I have been following a series of posts on the subject of REITs by a certain local blogger. Are his posts on REITs objective? I don’t think so but I respect the blogger’s right to express his opinions and I am sure readers will arrive at their own conclusions.  However, I do hope...

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A minimum of $50k in annual passive income.

Anyone who has been reading my blog would know that I seek to build a strong stream of passive income through my investments in the stock market. On 29 May 2010, more than three months ago, I mentioned that “between LMIR and AIMS AMP Capital Industrial REIT, the annualised income distributions I receive could be as much as 4x my monthly salary”. In aggregate, this has not changed. However, I have made some changes in allocation and shifted funds from LMIR to AIMS AMP Capital Industrial REIT. This is because I am a little disappointed with the former and...

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Saizen REIT: Better than expected DPU

Saizen REIT reported full year results this morning and declared a DPU of 0.26c, payable on 29 September 2010.  This is better than expected as the REIT did not have a full quarter to accumulate cash for distribution.  They also refinanced GK Choan and had to pay some fees as well as amortise that loan.  Read about it here. So, I was expecting a smallish cash distribution of about 0.1c in September.  Instead, a DPU of 0.26c in September, given the difficult conditions, bodes well for the next DPU in December which would have a whole quarter to accumulate cash for...

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Healthway Medical: Second quarter results

Healthway Medical announced that it has entered into agreements with twelve (12) medical and dental centres in Shanghai and Hangzhou. To operate and manage these facilities, an investment of RMB38m (or S$7.6m) is required over a period of three months. They hope to increase the number of facilities under management to more than twenty by end of this year. At the same time, Healthway Medical also released their second quarter results and the numbers look bad. 1. Revenue compared to the same period last year has tumbled 12.3% from S$24.45m to S$21.44m. This is worse than the first quarter...

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First REIT: Nick’s analysis

I got to know Nick recently while chatting in Bully the Bear’s cbox. I was so impressed with his analyses while chatting with him that I invited him to be a guest writer for my blog. I am sharing Nick’s recent comments on First REIT in a proper post here: I like to post the following 2 research reports released after the 2Q Briefing. CIMB report is very interesting since there is information about the 2 potential acquisition targets and it mentions the need to raise funds from both debt and equity. It should be able to increase AUM...

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Saizen REIT: Oversold.

Saizen REIT has been stuck at 16c for weeks. Nothing is happening and it is just a waiting game now.  However, it appears that most of the weaker holders have sold. The Bollinger bands have narrowed and the MAs are all flattening with the exception of the long term 200dMA which is still rising.  In fact, the 20d and 50d MAs have merged and flatlined at 16c. 16c could either become a very strong support or resistance in future.  Looking at the MFI and the Stochastics, we see that this counter is very oversold. The OBV shows a stalemate...

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Saizen REIT: An update.

Saizen REIT has seemingly gone into hibernation.  For more than a month, its price has fluctuated between 16c and 16.5c. The daily MAs have all flatlined. Some may wonder if I am still interested in this REIT.  Well, I am still very much interested in this REIT.  It remains one of my top three investments in the stock market.  Regular readers of my blog would know that I believe it to be a very good investment with more than a fair bit of potential to deliver an attractive yield and possibly an even more attractive capital appreciation. Today, the...

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FSL Trust: The skies are clearing up.

Price stayed above the 20dMA in the last three sessions. The 20dMA, currently at 38.5c, is now resistance turned support. I decided to look at the 20dEMA as well.  The EMA gives greater weightage to recent prices and could sometime explain why price could not move past a certain point in the short term.  The 20dEMA is at 39.5c and seeing the price closed at 40c in the last two sessions is comforting.  However, the volumes were very low and the durability of the recent appreciation in price is questionable.  In fact, since a spike in volume on 18...

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CapitaMalls Asia: Weakening technicals

CapitaMalls Asia broke out of its symmetrical triangle on 16 Jun on higher volume. It then went on to break resistance provided by the declining 100dMA which coincided with the trendline resistrance on 21 Jun. It was not able to advance much further and I suggested looking at the 100dEMA which made it clear why it was so. In the last session, support was provided by the rising 20dMA and a short white candle was formed. The 20dMA in recent sessions has merged with the trendline support and, theoretically, should be a strong support.  This is the third time this...

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Charts in brief: 16 Jun 2010.

Golden Agriculture: Price rose and met resistance at 55c as expected. The falling 50dMA and 100dMA both approximate 55c which makes this a strong resistance.  If this could be taken out, we could likely see a target of 57.5c which is where we find the 138.2% Fibo line.  This is also a gap resistance. AIMS AMP Capital Industrial REIT: The fourth gravestone doji in seven sessions.  21.5c is being tested vigorously as the immediate support. MACD has dipped into negative territory while the MFI and OBV have flattened.  The loss in buying momentum is obvious. Read...

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FSL Trust: A crisis or an opportunity?

I still have units of FSL Trust which were bought at an average price of S$1.00 per unit. By any stretch of imagination, I cannot foresee FSL Trust trading at S$1.00 per unit in the next few years, if ever. I have kept these units in a frozen portfolio together with a few other stocks to remind myself of the mistakes I made. As FSL Trust enjoyed a recovery in unit price and was trading at an average of 60c for about a year till the first few days of May 2010, reaching a high of 69.5c in July...

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