Shares & Derivatives
Recent Action on Starhill Global REIT
By The Boy who Procrastinates  •  July 9, 2018
By The Boy Who Procrastinates - July 09, 2018 As briefly mentioned in the post on my portfolio review in June, I have recently accumulated my position in Starhill Global REIT ("SGR") at $0.64 in June, bringing down my average price to $0.684. This translates to a distribution yield of 6.46% based on the annualised 3Q FY17/18 DPU of 4.42 cents. At the recent closing price of $0.655, this price level is probably last seen back in 2012 and it could have been driven down by a myriad of internal and external factors. 3Q FY17/18 Financial Results Based on the 3Q FY17/18 Financial Results, SGR has reported a discouraging quarter with a DPU of 1.09 cents, a decline of 7.6% year-on-year("y-o-y") and a reduction of 2.3% y-o-y in the NPI. This is likely to be the dominant factor leading to the weakness in its share price. Source: 3Q FY17/18 Presentation Slide ......
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By The Boy who Procrastinates
I am currently a 28-year-old working adult in Singapore and financial independence is one of the ultimate goals which I hope to achieve.
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