Search Results for: ipo

Sabana Reit (On A Skyfall)

Looking at the price action of Sabana Reit, I was quite astonished by the steep fall whereby their peak was around $1.20 in 2013 and is currently trading at $0.35. It have been on a steady decline since 2013. Part of the recent fall is due to a rights issue of 42 for 100 at $0.258 which will be used to finance the purchase of 3 new industrial properties. Background: Sabana Reit was listed in 2010 at an IPO price of 1.05. It plunged on opening and was trading as low as $0.75 before recovering where income generation assets...

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REIT History: Frasers Commercial Trust

Fraser Commercial Trust is one of my smaller REIT counters.  Like AIMSAMPI Capital Industrial Reit, it is another reit that rises from the ashes.  I dug out history of the Reit from the Internet and I am particularly interested on its placements and rights issues in the past. Mar 2006: – IPO at $1.00 as Allco Reit. First commercial reit with properties in Singapore (China Square Central) and Australia [Central Park, Perth (50% interest)]; and 15.7% interest in Australian Wholesale Property Fund in its initial portfolio – Acquired 55 Market Street 2007: – 1 for 1 Rights at $1.04....

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Reviewing a Short Land Lease Industrial Property Purchase – Cache Logistics Trust’s sells Changi Districentre 3 Case Study

Singapore listed logistics REIT Cache Logistics Trust (dividend yield 9%) 2 days ago announced that they will be selling of Changi Districentre 3. We take a snapshot of this divestment and cover: How we can evaluate a REIT manager’s acumen from their past strategic decisions Is Cache making a profit on this divestment? Does it make sense to acquire a property that has such a short land lease? Does the value of the property go down over these 4.5 years? The performance of this acquisition and divestment What we should be wary about when evaluating performance of a property...

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REIT History: AIMSAMP Capital Industrial Reit

AIMSAMP Capital Industrial Reit is the 2nd largest of my REIT counters.  I dug out history of the Reit from the Internet and I am particularly interested on its placements and rights issues in the past. Apr 2007: – IPO at $1.20 as Macarthurcook Industrial Reit, with 12 properties in the initial portfolio – End 2007: 15 properties. Unit price: $0.97 (20% decline from IPO price) 2008: – Increased number of properties since IPO to 21 – Global Financial Crisis – End 2008: 21 properties. Unit price: $0.22 (Perhaps expanding too aggressively, MI Reit faced escalating debt issues compounded...

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Growth of Singapore’s Coal Mining Stocks

Singapore lists four Coal mining plays – Golden Energy and Resources, Geo Energy Resources, Resources Prima Group and BlackGold Natural Resources. All four stocks mine thermal coal – used to generate electricity, with mining conducted in Indonesia, and all companies report in US Dollars. The YTD returns of the four Coal miners have been mixed, with average returns of 1% in the 2016 year thus far. Geo Energy Resources has been the best performing of the four stocks with a 57% return. Following a 3Q16 turnaround profit of US$11.6 million, the RTO of Golden Energy and Resources debuted this week...

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Consumer Sector Spotlight Continued Into Early December

While the STI generated a total return of 4.4% in the first 11 months of 2016, the three STI Consumer Staples Stocks averaged a 27.2% total return and the three STI Consumer Discretionary Stocks averaged a 15.2% total return. Last week two Consumer Staples stocks – Bumitama Agri and Dairy Farm International Holdings, and two Consumer Discretionary stocks – Parkson Retail Asia and Genting Singapore, were among the 10 most actively traded stocks with the biggest volume increases. All four Consumer Sector plays gained last week, averaging a 5.3% total return. While the Consumer Sectors were the strongest performers...

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Real Estate Plays Feature in November’s Volume Leaders

The month of November saw six different sectors represented among the 10 most actively traded stocks with the biggest volume increases.  Almost half of the 10 most actively traded stocks were real estate plays. They comprised two REITs – AIMS AMP Capital Industrial REIT and Manulife US REIT, one Real Estate Developer  – GSH Corporation, and one Real Estate Operating Company – Global Logistic Properties.  The four Real Estate plays averaged a total return of 6.2% in the month of November, bringing their YTD total return to 24.5%. Total returns for the month ranged from Global Logistic Properties with...

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Frasers Logistics and Industrial Trust FLT – Proactive Renewing Future Leases

Frasers Logistic and Industrial Trust (FLT) announced its maiden financial results after its listing this year. The REIT also declared a dividend per unit (DPU) of $0.0184 versus the IPO forecast of $0.0179. The results were inline, but in this article I want to see whether I can pick out anything that FLT does differently from the local REITs. I have to bear in mind that this is a very incomplete quarter, with many one time costs and adjustments and also less than a quarter contribution. For the readers new to this, I have written 2 articles in the...

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Investing in real estate while I’m young

Some of my friends recently expressed surprise to the stuff I’m doing. I’m seriously investing in real estate because I like to generate passive income so I can focus on stuff I like to do, ie. writing this blog. Why not just stick to stocks? I’m not a big fan of technical investing, chart reading, etc. The reason is: I don’t know how to time my entry and exit. I see funny diagrams when I tried to chart. Most importantly, I don’t have a crystal ball. I don’t know about you, but I don’t like paying SGD$5,000 for some...

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SK Bullion Experience (Part 1)

I have been a client of BullionStar for the past few years and I’ve always enjoyed my shopping experience with them. I think the most major plus of BullionStar is the ability to execute orders online. I hadn’t seen any dealers with such a good system until I stumbled upon SK Bullion. SK Bullion is a subsidiary of the Soo Kee Group, which is a familiar jewelry shop in Singapore as well as a listed company (albeit with pretty shit performance on the SGX, -45% from IPO in Aug 2015). Their shit performance fazes me not because the beauty...

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The Financial Engineering of BHG Retail REIT

There are 2 REITs that originate from China recently. One of them is BHG Retail REIT and the other, is EC World REIT. BHG Retail REIT reports their latest quarter result and they provided a very thorough slide deck to update investors. When they IPOed, the price was at $0.80. It stayed there for a while, before falling to $0.59 recently. Your exposure to China property need not be limited to this 2 REITs. There are 2 REITs that originates from sponsors in Singapore that have exposure to China. They are Capitaland Retail China (dividend yield 6.8%) and Mapletree...

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Singapore Healthcare Sector Outperforms Regional Benchmark in YTD

The SGX All Healthcare Index has generated a 6.4% total return in the year-to-date, and maintains a dividend yield of 5.9%. This compares with the MSCI AC Asia Pacific Asia ex-Japan Health Care Index, which has declined 2.4% in Singapore dollar terms over the same period, and maintains a yield of 1.2%. The three best-performing components of the SGX All Healthcare Index are Singapore Medical Group (+165.2%), Health Management International (+65.9%) and Singapore O&G (+58.0%). The three Health Care trusts listed on SGX – First REIT, Parkway Life REIT and RHT Health Trust – have a combined market capitalisation...

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"One with the F&B Business That Got Listed Recently"

I thought about whether I want to really write about this “falling knife” since it only gotten listed recently. Writing it may make it worse for the existing shareholders. My rationale for looking at this stock was because: 1. It is in the food and beverage business – something my portfolio is lacking and something I am interested in. The price has been falling – After reaching the heights of 40 cents after IPO, the stock has been coming down till $0.240 as of today. This stock is Katrina Holdings Ltd. It is a F&B management company of the branded...

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Company prospecting: Talkmed

(not vested) I have been crawling through medical companies, especially those offering direct services to patients. But have not go into those upstream, the manufacturers of medical equipments, products. One thing that struck me is the high lofty valuation of above 30 PE is more of norm than exception. It is a sector that seems that it can do no wrong, however, looking at the companies, I would think that this is a myth. Of course there are well-managed companies like Raffles Medical, and companies with visible growth potential etc. There are also companies who are struggling I am...

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Perspective matters! You are your own shepherd

I was having my breakfast at the hawker centre this morning when I overheard an interesting banter between a quite youthful dressing “ah ma” with her granddaughter and another man in his late 60s at the next table. The senior man is single and was lamenting on his singlehood; while the ah ma was telling him she regretted marrying and its much better to be single… It was kinda fun until I noticed the poor granddaughter sitting all quiet and staring at her food with a forlorn face… Do not underestimate young children. They understand a lot more than...

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