SBSTransit @ $1.74

Buy @ $1.74. Switch fm SMRT. Also, need to avg down my previous buy. Highly illiquid stock. Interesting seller ’26’ – BNP. 😀

SBSTransit @ $1.85

Buy @ $1.85. Buy back since I have cash now after having sold so many stocks the past week. Last day of cd today and as it’d gone up quite a bit since their good results, others may be taking profit (recent trend is after xd, share price drops more than div – but now mkt is so bullish, I think this time it may be different). Yield is not that great (<4%) but the worst may be over for them. Boon Lay Hub may add more retail space for them when it opens in Dec. 😀

SBSTransit @ $1.868

Sell @ $1.87 and $1.86. Decided to sell to buyer at $1.86 but the same time that I keyed in, someone else keyed in to buy at $1.87, so I benefitted! No choice but got to sell as I need to start raising $$ for the coming CitySpring rights issue. Also, STI is -58 (2573) now due to news of more banks failing in US. 😀

SBSTransit @ $1.77

Buy @ $1.77. Need to avg down my previous buys @ $2++. Yield is 4%+ after they cut pauot fm 100% to 50% last year. FY08 looks like rock bottom in earnings as Q109 was rather good. Let’s watch the results for Q209. 😀

PS. Yah! Can log in to my blogger acct again altho’ MREIT is still removed

SBSTransit @ $2.31

Buy @ $2.31. Yield @ 7.468% ; PE 14.11. Keep dropping, must be due to hi oil price (but not affecting SMRT and CD). Seller code ’79’ – JPMorgan, releasing in 5 lots at one time! 😀

SBSTransit @ $2.46

Buy @ $2.46. Yield @ 7.012% ; PE 15.03. Key risks are poorer EPS (thus DPS) due to high oil price and no growth (as biz is domestic only). Need to avg down my earlier buy. 😀

SBSTransit @ $2.55

Buy @ $2.55. Results will be out today, am expecting div 8-10ct. Boring stk as biz is domestic and little or no growth, but good yield. Recent low was $2.43 but had dropped fm >$3 since last quarter’s results. Keep for long term yield? 😀

Addendum – Results not good. DPS = 3.25ct, way below my expectation!