Tuesday, May 31, 2011

Sabana REIT: Global Small-Cap Indices.

It seems that Sabana REIT will no longer be unloved and the following development probably explains the after market large volume buy up at 94c per unit in the last session:

Sabana Real Estate Investment Management Pte. Ltd., the Manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (“Sabana REIT”), announces that Sabana REIT has been included in the Morgan Stanley Capital

Saizen REIT: YK Shintoku's CMBS repaid.

The Board of Directors of Japan Residential Assets Manager Limited, the manager (the “Manager”) of Saizen Real Estate Investment Trust ("Saizen REIT"), is pleased to announce that the loan of YK Shintoku had been fully repaid on 31 May 2011 (the “Repayment”).
Following the completion of the Repayment and the cancellation of the mortgage over YK Shintoku’s property portfolio, YK Shintoku’s

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Golden Agriculture: Accumulate on weakness.

I plan to accumulate Golden Agriculture on weakness. This would mean at 67.5c support as provided by the trendline support connecting the lows of 6 and 25 May 2011. I would not, however, throw in the kitchen sink. This is because if 67.5c should break and if price were to close lower, we could see price going to 65c and the long term uptrend would still be intact. Buy more at 65c is what I would

Sabana REIT: Resistance at 93c demolished!

After the market closed, sleepy and some might even say unloved Sabana REIT saw 2,514 lots bought up at 94c which led to a wickless white candle being formed on higher volume, breaking resistance provided by the declining 50dMA like a hot knife on butter!

The bullish divergence between MACD and price action has delivered and did so in a smashing manner. A test of the declining 100dMA as

First REIT: Partial divestments at 77c and 79c.

I mentioned on Sunday that First REIT could see 77c tested soon and it did so with aplomb today. Indeed, it went on to close higher at 79c on the back of much higher volume with a total of 3,413 lots changing hands.

With 1,022 lots bought up at 79c after the market closed, there is a good chance that price could test resistance provided by the declining 200dMA at 80c in the next session.

Sunday, May 29, 2011

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First REIT: Partial divestment?

I like First REIT and it remains one of my largest investments. I like the low gearing and high yield. I like the strength of its sponsor and what it has planned for the future. In a blog post, I said fair value for First REIT is at 80c per unit. I still believe it to be so. In fact, I bought more at 73c and 73.5c in early April 2011.

Today, over lunch with some friends, there was mention of a

Saturday, May 28, 2011

Should guys use hand moisturisers?

When I have a problem, I look for solutions. It does not matter if the solution is frowned upon by people sometimes because I am very practical. For example, for many years now, I have been using hand moisturisers. Are some of you frowning now? A guy using hand moisturiser? Well, if that's your reaction, you are a sexist! Think about it. ;)

Why did I start using hand moisturisers? For one reason

Friday, May 27, 2011

Golden Agriculture: Watch the 100dMA.

Golden Agriculture had another high volume white candle day but price could not close above the declining 100dMA and a long upper wick was formed in the process. This is the second time in the last few sessions which saw the 100dMA broken but, ultimately, remains the resistance to watch.

Could we see price moving higher in the next session, overcoming resistance provided by the declining 100dMA?

Thursday, May 26, 2011

AIMS AMP Capital Industrial REITs: Buy ups!

It is widely acknowledged even amongst private investors that Singapore's industrial real estate provides probably the highest yields compared to all other classes of real estate. Personally, I know of some really rich people who own one or a few industrial properties in Singapore. As I am not in the same league, I seek exposure through investments in industrial properties S-REITs.

I would draw

Wednesday, May 25, 2011

NOL and Golden Agriculture.

Today, my buy order for NOL at $1.80 was filled. NOL is in a persistent downtrend. Why am I buying more shares at $1.80 a piece? Well, it seems to me that a positive divergence is forming. As price broke the previous low formed on 5 May 2011, volume reduced comparatively. Sellers are less enthusiastic this time round.

The MACD histograms seem to be forming a higher low while the MACD has not

Monday, May 23, 2011

Indofood Agri: A crash by any other word.

Indofood Agri's decision to list PT SIMP, its subsidiary, could lead to earnings dilution and we could see EPS reducing by as much as 12%. This is according to Goldman Sachs. Indofood Agri's share price, however, declined some 15.7% today, closing at $1.72 after touching a low of $1.69. Could there be an opportunity to buy some shares on the cheap?

I do not understand what is going on

STI, Golden Agriculture, Capitaland and CapitaMalls Asia.

The STI closed 58.06 points lower at 3,110.48. There is probably some pain and some panic in the air and we have the usual doomsayers out in force today. So, going by what I have said, am I a bull more than a bear? I am neither a bull nor a bear. I like to think that I am a pragmatist.

Most of my portfolio is made up of REITs. Today, we see AIMS AMP Capital Industrial REIT, Sabana REIT, Cache

Allgreen: Privatisation offer at $1.60 per share.

I did a piece on Allgreen Properties on 12 April 2011. It seems that I have missed the boat ... for good. Well, these things happen. Absolutely no way to tell. Congratulations to all vested.

Read the post here.

STI declines 1.3% to 3,113.76 at closing,

Tuesday, May 3, 2011

Courage Marine: Profit warning.

Courage Marine's management issued a profit warning, expecting 1Q 2011 to turn in a loss: "The Board of Directors of the Company wishes to inform Shareholders that, despite efforts by the Group to secure deployment of its fleet, fleet utilisation was low during the first quarter of 2011. The Chinese New Year holidays in February resulted in a decrease in our fleet utilisation over the period. In

Sunday, May 1, 2011

Mapletree Industrial Trust: A simple analysis.

I looked at the results of Mapletree Industrial Trust (MIT) briefly when it was announced a few days ago. It didn't interest me much and so, I did not blog about it. Someone asked me a couple of days ago what I thought of it and if I would invest in the trust now.

I like industrial properties S-REITs because they probably offer a more stable source of passive income compared to office S-REITs