Just another REITDATA Sites site
Sell @ $2.20
Halted last Friday towards closing as it went up suddenly on volume… The substantial shareholders are having a strategic review on their stakes – Axiata 29% ; Keppel 19% ; SPH 13%… With the threat of a 4th TELCO driving down Profit Margins, it’s going to be tough to find a buyer unless the price is attractive enough… Axiata is the most likely buyer candidate as they are in the TELCO biz… 😀
Missed the hi of $2.28 as I didn’t realise I have profitable ones… Closed @ $2.17
Sell @ $2.46
Decided to take profit, no more left in portfolio… 😀
It was reported in Parliament that taxi biz had not gone done due to competition from Uber / Grab but rather, these new competitions had helped to double the mkt size… ie the pie is now double the size… It’s good to know that the taxi operators are not losing mkt share, but, profits will likely be affected in the longer run as their margins get eroded as they imitate the biz model of Uber / Grab eg allowing hourly rentals…
Buy @ $1.445
Q4 results were out last Friday AM. Revenue is higher but EPS flat, a bit lower (4.04ct vs 4.05ct – adjusted for 1-for-3 split) … Div maintained at 1.5ct, Cash increased + Debts slightly lower yoy… FCF 3.68ct, not too bad, considering cash flowing into devt of new hospitals… Analysts’ recommend Sell (CIMB) + Buy UOBKH)… make own call… Earnings likely to improve from 2H17 when Raffles Hospital Extension is completed… 😀