Search Results for: ipo

Sabana REIT reports on-forecast Net Property Income and Distributable Income for 3Q2011

Distribution Per Unit (“DPU”) of 2.14 cents and annualised DPU of 8.49 cents for 3Q2011. On track to deliver annualised DPU of 8.63 cents for FY2011 • Achieved S$50.1 million gain in annual revaluation of its IPO portfolio • Obtained investment grade credit rating from Standard & Poor’s • Announced acquisitions of four yield-accretive properties worth S$132.3 million – portfolio size to cross S$1.0 billion mark upon legal completion By ANGELA TAN Sabana Real Estate Investment Management Pte Ltd, the manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust, reported on Wednesday a distribution per unit (DPU) of...

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What is your message to the world?

Steve Jobs has passed away and the entire world was saddened by the demise of this great man. What makes him so revered as compared to those who passed away in the same day? Is it because he made a difference in your life indirectly? Is it because he created a lot of value in the society? How did having iPods, iPhones and iPads add positivity to your life? I used to think I need to find a passion in my life where I would dive into it day and night, and I will live happily. I have been...

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Apple Co-Founder Steve Jobs Passes Away

Co-founder of Apple Inc, maker of the iconic Mac computers, iPod, iPhone and iPad, Steve Jobs has passed away. Beyond being the person who shaped the devices that I avidly use for everything from leisure to facilitating my work processes as a financial adviser, Steve Jobs was someone whose actions and life story greatly inspire me. Many are sharing this video on social networking sites. It is one that I have watched many times previously, long before this tragic day happened. While I was struggling with the decision of making the leap of faith to an Independent platform, Steve’s...

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Sphinx Asia – possible scam?

A friend called to clarify on some stocks transaction issues that his relative had. This relative had bought IPO shares of an European company through an agency called Spinx Asia. She want to sell off 3,000 shares that she bought but was told that she could not sell at this moment in time. If she want to, she has to buy another 7,000 shares to sell in groups of 10,000 shares. Here are the questions and answers during our conversation to help you better understand the situation. What is the company and which exchange is it listed on? She...

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Tiger Airways Aug Passenger Numbers Fall 22%!

On 09/Sept, Singapore shares ended lower as investors took profits amid concerns on global economic growth and Europe’s sovereign debt troubles. STI ended lower at 2825.10 (1.1%) with LOW VOL of 1.34 billion shares traded compared with 1.47 billion shares Thursday. In the broader market, losers outnumbered gainers 267 to 183. Today STI merely undergo light profit taking as investors do not wish to hold stocks over the weekend. Headline in STI After market close Global Logistic Properties plan an initial public offering for its Japanese assets that could raise at least 100 billion yen (US$1.3 billion) in the...

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Myths in Dividend Yield Play Part 5

Written by Wilfred Ling    Tuesday, 23 August 2011 There is more than one way to gain access to high dividend yield securities. One of those is preference shares. I have seen people buying hundreds of thousands of dollars of preference shares from their private bankers. Obviously these are very rich clients who were invited to purchase these preference shares although the retail investors are not able to get hold of them in large number through the normal retail IPO process … Read more (clients only, login...

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Hutchison Port Holdings (HPH): Is this a 10% yield opportunity?

Readers of this blog would know that I got 8 lots of HPH at IPO from bidding 11 lots. The issue price is USD 1.01 but debuted at USD 0.96. I sold 6 lots at USD 0.95 and 2 lots at USD 0.92. The most amazing thing about this was this. I told my colleague that I was wrong to not avoid this stock as my skill in discerning good stock from bad stock is not good. I should have kept this 8 lots and not sell at a loss. Taking a USD 700 loss is not right. This...

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A Is For Apple

Apple has overthrown Exxon to be crowned the most valuable public company in the world. The amazing thing is that Apple was close to bankruptcy 14 years ago, and despite the financial turmoil that has been plaguing the world this past 3 years, Apple shares have continued to defy gravity. I remembered that there was even a report that Apple holds more reserves that the US government. What has made Apple so successful that we could learn from this awesome company? Apple’s blast off point was the highly acclaimed hit of the iPod. They marketed it as a status...

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A Is For Apple

Apple has overthrown Exxon to be crowned the most valuable public company in the world. The amazing thing is that Apple was close to bankruptcy 14 years ago, and despite the financial turmoil that has been plaguing the world this past 3 years, Apple shares have continued to defy gravity. I remembered that there was even a report that Apple holds more reserves that the US government. What has made Apple so successful that we could learn from this awesome company? Apple’s blast off point was the highly acclaimed hit of the iPod. They marketed it as a status...

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Asia Enterprise Holdings (AEH)–Conservative Steel Stockist.

Asia Enterprise Holdings (AEH) is a steel stockist listed on Singapore Stock Exchange. I first got to know it during its IPO, but I classified it with Telechoice as those Singapore smallcaps that earns 5-7% dividend yield. The thing about these smallcaps is that you do not know whether they would stand up to the test of time. There are many smallcaps that have been in operation for a long time despite its size. Some names are Boardroom, CEI, SinGheeHuat, Telechoice and GRP. You guys might want to take a look at them. The business Steel Stockist like Asia...

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Sabana REIT: Safe to buy now?

Someone who managed to get some units of Sabana REIT at IPO asked me if it is safe to buy more units of the REIT now? Before the counter announced its first income distribution of 3.04c, I blogged about how I felt Sabana REIT was a great investment then. Of course, there were nay sayers and people who told me I was wrong. There were also many who got in at the REIT’s IPO and were burnt, refusing to look at the REIT anymore. There was also a friend who refused to be vested in the REIT simply because it is...

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Personal Finance Part 23 – Functional Versus Status Items

Looking around me daily at Singaporeans around me on buses and the MRT, I have come to realize that possessions do indeed constitute a form of “signalling” to tell others more about yourself. Whether it be branded goods, an iPod or a luxury car, all these material possessions are a way of declaring your financial status, or in some cases, showing off how indebted you really are! I was mulling over this over the last few weeks, and decided to write something on it which is appropriately titled “Functional Versus Status Items”. I will seek to explore items which...

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Hong Kong’s Institutional Investors Are Greater Fools: Prada Update

We last spoke (disapprovingly) about Prada’s IPO where we discussed the fact that only high growth and a greater foolish secondary market could justify the high price. Well, since then Prada did complete its bookbuilding, and more details are emerging. See the Bloomberg coverage: Prada initially sought to sell the shares at HK$36.50 to HK$48, according to the IPO prospectus. The company yesterday narrowed the range to HK$39.50 to HK$42.25 after failing to get orders for half of the 42.3 million shares offered to retail investors, two people with knowledge of the matter said. Prada had enough orders to...

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Hong Kong, Land of the Greater Fool: On Prada

I have refrained from commenting on the HK market as I gathered experience and information sources, but some recent news items lead me to speak out with some measure of confidence today. Please consider Prada IPO Said to Value Company at More Than European Rivals and Prada’s $2.6-billion IPO plan puts it above peers. Hong Kong is a Greater Fool than Italy While Prada is an Italian company, PIIGS-labeled Italy isn’t doing too hot right now, and Asia does account for 40% of Prada’s sales, so there is some plausible story for listing in Hong Kong. But let’s not kid...

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Bad Business Trust Share Performance: HPH Trust and Perennial China Retail Trust

Folks reading this blog would know that I got into HPH during IPO and turns out that this punt fell utterly apart when it crashed from IPO price of USD 1.01 to USD 0.95. Today the price of the business trust reached a new low at 86 cents. Business trust as an investment in Singapore is really about an extreme theme of sponsors dumping assets to investors like me at an obscene price. Reviewing many business trust as compared to dividend stocks and REITs seem to point to a trend where they are unable to keep their share price...

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