Posts

Posted on

FCOT @ $1.285

Buy @ $1.285

Q'd whole day… Didn't withdraw and got matched only partially at 5pm… Need 4 bids to BE ie $1.305… 😀

Only submitted DRP ($1.2862) today as it was trading closer to $1.30.

Posted on

DBS @ $15.19

Sell @ $15.19

Cleared the last batch of xd ones for a tiny profit… Still have the cd ones which are still underwater… Current thought is to keep those and sell only if PE / NAV triggers me… 😀

Posted on

UOB @ $18.01

Sell @ $18.01

Cleared my last ones… A tiny profit!  Was bought during 9am matching due to itchy fingers… 😀

Posted on

ComfortDelgro @ $2.79

Buy @ $2.79

Add to my hldgs… EPS & Div had been growing steadily since FY08… PE just below 20 and the risk is a re-rating back to 12 – 16 as in prior to FY13… 😀

Posted on

A-HTrust @ $0.70

Sell @ $0.70

Contra off… 2H DPU = 2.75ct is really lower than my downgraded max estimate of 2.8ct… The weaker DPUs of the other H-Trusts, despite having different asset mix (Hotels, Serviced Apt, Commercial) and Countries, provided a good indicator after all…  Yield = 7.857% is now within a 7.x% range, same as the other H-Trusts,

REIT

Price

Yield

Gearing

NAV

Frasers Htrust

$ 0.775

7.873%

39.3%

$ 0.851

-8.9%

A-HTrust

$ 0.700

7.857%

32.7%

$ 0.860

-18.6%

FE-HTrust

$ 0.610

7.557%

32.7%

$ 0.932

-34.6%

OUE H-Trust

$ 0.655

7.466%

37.8%

$ 0.810

-19.1%

CDL Htrust

$ 1.355

7.262%

36.7%

$ 1.553

-12.7%

AscottREIT

$ 1.115

7.161%

38.9%

$ 1.340

-16.8%

A contra gain is irresistible under current mkt uncertainty… especially since the Hospitality sector is not exactly booming… 😀

By NPI

54.5%

8.1%

21.3%

16.1%

Total

DPU

Country

Australia

China

Japan

Singapore

Period

Rev

NPI

Rev

NPI

Rev

NPI

Rev

NPI

Rev

NPI

Q4 – Mar16

35.8

11.5

4.7

1.5

8.5

6.0

3.9

4.4

52.9

23.4

1.3000

Q3 – Dec15

39.1

13.6

5.5

1.8

6.8

4.7

3.5

3.3

54.9

23.4

1.4500

Q2 – Sep15

38.1

12.7

5.9

2.0

6.7

4.4

3.8

3.5

54.5

22.6

1.3800

Q1 – Jun15

37.3

11.7

5.6

2.1

6.5

4.2

3.4

3.4

52.8

21.4

1.2800

Q4 – Mar15

38.4

12.2

4.5

1.2

6.4

4.0

5.2

5.2

54.5

22.6

1.2525

Q3 – Dec14

45.4

16.3

5.1

1.6

6.4

4.2

3.8

3.7

60.7

25.8

1.3000

Q2 – Sep14

42.1

13.7

5.3

1.8

6.9

4.3

3.8

3.4

58.1

23.2

1.2672

Q1 – Jun14

39.4

11.9

5.3

2.0

6.4

4.5

3.2

3.2

54.3

21.6

1.2400

Q4 – Mar14

40.1

13.1

4.4

1.5

4.2

2.4

5.0

5.0

53.7

22.0

1.2029

2H DPU includes ~0.1ct Divestment Gains ie DPU = 2.65ct if this is excluded… May not be a concern for next Half DPU as one Japan asset resumes operation after being closed for refurbishment…

On a YoY basis, the bright spots comes mainly from Japan, with both Singapore & Australia facing pressure. As for China, NPI contribution is not very significant.

Posted on

SingPost @ $1.58

Buy @ $1.59, $1.58, $1.57

Average down the “itchy fingers” ones… Have to be prepared to keep till July when Double-xd comes into play… 😀

The continued high volume selling may be due to the push back to 31-Oct for their JV with Alibaba… the previously agreed upon $1.74 (at a good discount back then) for 5% of New Shares now seems high… but, when averaged with an earlier 10.35% @ $1.42, Alibaba shouldn’t be too unhappy.

  

Mail

Logistics

Retail & eCommerce

Revenue

Operating Profit

  

Revenue

Op Profit

Revenue

Op Profit

Revenue

Op Profit

Elimination

Total

Others

Total

FY16

499,802

147,775

625,972

37,696

160,660

2,249

-134,892

1,151,542

96,539

284,259

Q4 – Mar16

127,536

35,059

167,598

11,573

58,108

-3,216

-35,663

317,579

64,049

107,465

Q3 – Dec15

130,601

38,894

162,247

12,120

54,543

4,168

-31,207

316,184

-583

54,599

Q2 – Sep15

116,535

34,954

156,056

7,353

23,939

155

-33,358

263,172

22,025

64,487

Q1 – Jun15

125,130

47,296

140,071

6,650

24,070

1,142

-34,664

254,607

2,620

57,708

FY15

500,252

143,989

464,758

21,542

92,002

9,746

-137,430

919,582

11,088

186,365

Q4 – Mar15

123,472

36,887

136,268

4,970

23,985

2,505

-35,016

248,709

-7,171

37,191

Q3 – Dec14

130,111

37,946

122,063

6,938

22,882

1,745

-35,439

239,617

4,318

50,947

Q2 – Sep14

123,462

34,114

108,866

5,825

22,344

2,638

-34,330

220,342

5,255

47,832

Q1 – Jun14

123,207

35,042

97,561

3,809

22,791

2,858

-32,645

210,914

8,686

50,395

NOTE : FY16 Includes One-Time Divestment Gains = $112.1m

Posted on

UOB @ $17.71

Sell @ $17.71

Same as DBS yesterday… after settling a higher priced batch, the lowered BE was hit for the outstanding 2 batches… Contra off first…  😀

Q116

Price

EPS

PE

Div

Yield

NBV

DBS

$ 14.93

$ 1.920

7.78

  

  

$ 16.39

-8.9%

OCBC

$ 8.34

$ 0.822

10.15

  

  

$ 8.20

1.7%

UOB

$ 17.77

$ 1.840

9.66

  

  

$ 18.22

-2.5%
               

FY15

Price

EPS

PE

Div

Yield

NBV

DBS

$ 14.93

$ 1.710

8.73

$ 0.60

4.02%

$ 15.82

-5.6%

OCBC

$ 8.34

$ 0.952

8.76

$ 0.36

4.32%

$ 8.03

3.9%

UOB

$ 17.77

$ 1.940

9.16

$ 0.70

3.94%

$ 17.84

-0.4%
Posted on

DBS @ $14.87

Sell @ $14.87

Having settled my highest priced 'xd' ones yesterday, my BE was hit for 3 other buys… Contra off as one is due… I'd inteded to keep for longer term but my free cash is running low… 😀

Posted on

ComfortDelgro @ $2.78

Buy @ $2.79, $2.77

Buying to average, in anticipation of good results as their child, SBSTransit had reported good EPS yesterday, due to lowered Fuel Expenses… 😀