Buy @ $3.52
Q3 Results on 8-Feb AM… Mkt must be expecting it to be bad… 😀
Singtel @ $3.57
KIT @ $0.59
FCOT @ $1.52
KIT @ $0.585
Sell @ $0.585
Contra off my last buy.
Results on 22-Jan, nothing new… Didn’t find any mention on potential Basslink sale… Main concern is the continued decline in NAV to 29ct… Back in the days of KGT, an analyst’s report on such a concern triggered a sell-down… Will history repeat itself? Or will a larger asset base after the merger with Cityspring, with a potential Basslink sale able to circumvent such a concern?
Must have bought too many, starting to start lose sleep…. 😀
FCOT @ $1.54
Sell @ $1.54
Q118 (Dec-17) Results were released last night. DPU = 2.4ct vs 2.407ct QoQ vs 2.5055ct YoY. A larger Capital component was observed from the DPU breakdown, providing a useful cushion to any DPU decline. NAV = $1.55.
As per my expectation, ATP (Alexandra Techno Park) occupancy dropped to ~80% due to HP lease expiry,  impacting NPI significantly.
Altho’ FCOT continues to have the highest Yield amongst it’s asset class, I have decided to continue to sell. DPU will likely continue to decline, till the void left by HP is filled. It’ll likely be cushioned by the new UK acquisition, which is Yield Accretive, plus an increased Capital component. Worst case, we may only see better earnings when the Hotel project and AEI at China Square is completed in mid-19. I’ll be using NAV = $1.55 as a reference to Buy / Sell.