Posts

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Starhill Global @ $0.8374

Buy @ $0.84, $0.835

Results was out yesterday evening. DPU = 1.25ct, slightly better than last Q = 1.24ct, but slightly worse off on an annualised basis. Revenue was dragged down by the overseas assets (biggest drop was in Chengdu) but offset by better performance in Singapore and lower Expenses.

Vol = 2,602,000 ; Range = $0.83 to $0.845.

Perhaps the preferred Retail + Office REIT is now FCT, with CMT & Starhill Global falling out of favour?? 😀

Exracts fm CIMB,

Starhill Global Reit on Tuesday posted a distribution per unit of 1.25 Singapore cents for its second quarter ended June 30, a 5 per cent increase from its distribution a year ago. On an annualised basis, this translates to a yield of 6.07 per cent. Unitholders can expect to receive their payout on Aug 28. Net property income rose marginally by 0.2 per cent to S$39.2 million, while revenue fell 1.4 per cent to S$48.4 million. While revenue and net property income from its Singapore operations rose 3.6 per cent and 5.5 per cent, respectively, it was offset by weaker overseas contributions due to falling revenue from Renhe Spring Zongbei in Chengdu, and loss of income contribution from its Japan divestment, Holon L, in March 2014. (BT)

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CMT @ $1.975

Buy @ $1.975

xd today and prices dropped more than DPU = 2.69ct (-3.5ct). After buying, it dropped to a low of $1.96, before it recovered during matching to close @ $1.98. Vol = 8,477,000 ; Range = $1.96 to $1.985. Looking at the volume, perhaps Fund Managers playing musical chairs… 😀

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UMS @ $0.5725

Sell @ $0.57, $0.575

Sudden strong buying today. Vol = 5,120,000 ; Range $0.56 to $0.58. Buyer CP = Phillip

It's currently the Blackout period now, with Q2 results expected soon (6-Aug last year). Perhaps, Blackout + Good BB data (released on 22nd 6am) had embolden bigger players? Or, Phillips is collecting a bigger chunk for their house account? Anyway, take profit first… I have more to sell (the original cheaper ones), if prices do continue to trend up… 😀

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Genting @ $1.335

Sell @ $1.335

Back to making kopi-$$$ using creative accounting… Sold off my lowest priced ones. With STI hitting above 3350, many of the Yield Stocks in my watch list are hitting PE >20 and Yield <5% + Declining EPS in the latest Quarterly results. Making me feel a bit nervous to be holding too many Genting shares (was No.3), PE = 27.7 (23.2 for latest 4 Qs and likely to improve further as MBS had a good set of results and we'll likely see the same… but, still in the 20s + Yield = 0.75%).

My dream price is still >$1.4x… 😀

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FCOT @ $1.425

Buy @ $1.425

Itchy fingers… buy at my highest price ever. Read too many positive analysts' reports which have a target price of high $1.4x mainly due to the Aug-14 Master Lease renewal of Alexandra TechnoPark.

Using some of the projection data from the analyst's reports, my ball park estimate is, DPU to increase by ~10% at least . This translates to a yield of 6.7%+… Not bad, if correct (my estimates)…. I better go read the analyst's reports again more in depth… 😀

Q3 results was out on 21st (2 days ago) and DPU increased slightly (2.1911ct vs 2.0524ct) q-o-q. Today, there were selling by CP = UBS, 2-lots each time in 15s intervals… 😀

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CMT @ $2.0056

Buy @ $2.01, $2

Add back to my portfolio. Q2 results were out before mkt opened.

  • DPU = 2.69ct vs 2.57ct q-o-q
  • Annualised Yield = 5.395% @ $2
  • Gearing = 34.3%
  • NAV = $1.76

Not exactly one of the better choice but considering the pedigree and the better DPU, I decided to go for a short term bet. But, looks like CP = Credit Suisse & Morgan Stanley rates it as a SELL… Low = $1.99 ; Vol = 10,472,000!

I may collect more tomorrow if it drops further and keep it for longer term…. 😀

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F&N @$2.99

Buy @ $2.99

Add back to my portfolio after a long absence. It's still not easy to go through their financials as there had been many changes to their biz make-up eg. selling APB, Capital Payout, FCL Spin-Off,… My estimate is PE = 29.3 ; Yield <2%. So, why buy? More for the exposure to F&B biz and potentially, growth… 😀

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Starhub @ $4.15

Sell @ $4.15

Contra off for tiny gains. No more left. Closed @ $4.17, high $4.19.

M1 announced their 1H results yesterday evening. Interim Div increased from 6.8ct to 7ct. This may have positively impacted Starhub, but, the same was not observed for Singtel… 😀

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Starhill Global @ $0.84

Buy @ $0.84

Itchy fingers, add back to my portfolio. Checking back from kinv blog, my last transaction was Sell @ $0.645 on 28-Jun-11!

DPU expected to stay flat (for past year).

  • Yield = 5.988%
  • Gearing = 29.6%
  • NAV = $0.92

The positives are Gearing & Discount to NAV. Yield is so-so but is No.2 (after FCOT) in terms of Yield in my Retail / Office REIT table. But, likely for short term, just for this Quarterly Reporting season… 😀

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Neratel @ $0.8106

Sell @ $0.81, $0.815

Continue to take profit, left one last batch to sell. Market continue to be bullish on Neratel…. 😀