Friday, September 30, 2011

LMIR: Proposed 1 for 1 rights issue.

I read with great interest the 1 for 1 rights issue proposed by LMIR. As regular readers know, I much prefer rights issue to private share placements as the former allows all unitholders to take part in the enlarged capital base of the REIT.

This rights issue is to raise some S$337m to help fund the purchase of two malls in Indonesia: Pluit Village and Medan Fair.  Pluit Village is to be

CapitaMalls Asia: Dual listing in Hong Kong.

Earlier in March, CapitaMalls Asia announced that it was exploring the option of a secondary listing in Hong Kong.

Today, it received in-principle approval and will list on Hong Kong's mainboard come 18 October.

"CapitaMalls Asia may not be raising new capital from its listing in Hong Kong, but the move will allow the mall developer to widen its investor base here in Hong Kong and by default

Thursday, September 29, 2011

A movie: Real Steel!

When I was at the movies earlier this week, I saw the trailer for "Real Steel". Wow! I am so going to watch this!

This is a story set in the near-future where the sport of boxing has gone high-tech. It stars Hugh Jackman as Charlie Kenton, a washed-up fighter who lost his chance at a title when 2000-pound, 8-foot-tall steel robots took over the ring.

Now nothing but a small-time promoter,

Sabana REIT: Acquiring 21 Joo Koon Crescent.

Sabana REIT is recently on an acquisition spree. Today, it announced the proposed acquisition of 21 Joo Koon Crescent. With this latest acquisition which will be funded fully by debt, its gearing level will bump up to 35%.

Property: 21 Joo Koon Crescent.
Consideration: S$20.274m.
Remaining lease: About 43 years.

If all its recent proposed debt funded acquisitions should be successfully carried

ARA: Partial divestment at $1.20

I was hoping that ARA's unit price would retest resistance provided by the declining 20dMA yesterday after the rather nice white candle the day before. So, I was hoping that there would be a chance to sell closer to $1.30.

Unfortunately, yesterday's black candle was formed on the back of much higher volume as price tried unsuccessfully to move higher. The ADX is rising and the DIs are still

Wednesday, September 28, 2011

Tea with AK71: Ad by Abercrombie & Fitch is indecent!

On 28 August, I made a quick mention of the gigantic poster at Knightsbridge (the former Crown Prince Hotel) put up by Abercrombie & Fitch and how it caused distress to some people with more puritanical persuasion. They said it was lewd. Read blog post here.

This was a photo I took that day:


What if we were to put a 4 storey high statue of David by Michelangelo in the same location?

Do you want to be a millionaire?

Many people would like to be millionaires. There is something magical about having a million dollars in our bank account, it seems.

Of course, when we think about it, a million dollars these days is really not a big deal, especially when a DBSS flat in Tampines could cost almost as much!

I read an article in China Daily recently which is titled "After making a fortune, millionaires find a

Tuesday, September 27, 2011

Win $80,000 cash or a Volkswagen Touran!

Monopoly is back at McDonald’s with over 3 million prizes to be won. Get your game labels with any Extra Value Meal purchase to win.

With over 3 million prizes be won including (1) $80,000 cash from Visa (2) Volkswagen Touran (3) A trip to Atlanta from Coca Cola and (4) A trip to Prague from Dynasty Travel plus many more.

And with over 3 ways to win in 2011 (1) Collect to win (2) Instant Win

Monday, September 26, 2011

Have an iPad? Use Flipboard to follow my blogs.

I am probably one of the least tech savvy person around. So, for me to blog about technology is a rarity.

Ever since I started using an iPad, high technology is just a touch away. It is really a joy to use.

Recently, I was introduced to an app by a very good friend. The app is called "Flipboard".

The "cover" of Flipboard looks like the cover of magazines. It uses pictures from the

First REIT, AIMS AMP Capital Industrial REIT, ARA and Sabana REIT.

It is kind of late and I still have a long drive ahead of me. So, this will be a quick update with very simple charts.

My overnight buy order for First REIT at 76c was filled. My other overnight buy order at 74.5c was not filled although the unit price did go that low today.

Overnight buy order for AIMS AMP Capital Industrial REIT at 19.6c was filled. I thought that many people would want to

Saturday, September 24, 2011

Making your first million dollars in real estate investment: Dreams and nightmares.

Often, we hear that investing in real estate is the fastest way to making the first million dollars.

We saw people in queues and offering blank cheques in buying frenzies for projects such as One Devonshire some two years ago. The buyers then would have bagged nice gains and many would have sold their properties by now.
Sometimes, the building specifications of the property do not even matter

Double dip recession or just very slow growth?

Stock markets around the world had a very bad week. Everyone it seems is expecting a global recession and the accompanying deflation.

In a truly deflationary environment, all assets will suffer and see their prices fall. Equities and precious metals were all sold down across the board, therefore.

However, reading an article in Bloomberg, it is interesting to note that in the USA, "railroads

Friday, September 23, 2011

What the very rich are doing with their wealth?

I read an article provided by Bloomberg News that Singapore will become the world's top wealth management centre by 2013, surpassing Switzerland and London.

It looks like our tiny island nation is attracting a lot of wealth from around the world and we are not just talking about HNW individuals. We are talking about super HNW individuals and families!

These families are setting up family

ARA: Initiated long position at $1.22.

I initiated a long position in ARA today at $1.22 a share. This decision is based on my TA last evening. Fundamentally, at $1.22, the estimated dividend yield is about 4% but investing in ARA is primarily for growth.

The counter's share price touched a low of $1.20 before closing at $1.205 on the back of very high volume. Such high volume sell down usually has some momentum to follow through.

Thursday, September 22, 2011

ARA: Breaking support. Going lower?

I have been looking at ARA. The downtrend is persistent and I have yet to initiate a long position here.

Today, ARA's share price broke its previous low of $1.29, gapping down and touching an intra day low of $1.26 before closing at $1.27.

The DIs are negatively placed but the ADX shows that the downtrend is not a strong one. In fact, volume seems to be reducing as price weakens.

If this

Wednesday, September 21, 2011

Tea with AK71: Eldershield.

I am quite aware that I am ageing and, once in a while, I am reminded of the fact by other people.

Today, the government reminds me of this same fact by sending me a notice saying that I would be automatically insured under Eldershield come 31 December 2011.

Eldershield? Me? Wow, elder. This is cheerful.

So, being Singaporean, I want to know "how much"?

Annual premium: $174.96, payable till

CapitaMalls Asia: Directions, please.

On 15 August, I mentioned that pre-empting a trend reversal did not work out and I ceased buying more shares of CapitaMalls Asia. Then, I used the rebound later in the month to reduce exposure.

On the daily chart, it is interesting to note that the Bollinger Bands are narrowing once more. This reduction in volatility when interpreted together with a rising 20dMA that is on the verge of forming a

Sunday, September 18, 2011

$120k annual passive income from S-REITs next?

With the end of 2011 more or less in sight, I decided to take a look at how my aim to generate at least $50K in annual passive income from the stock market has fared this year. Of course, compared to the end of 2010, many things have changed. Don't they say that the only constant in life is change?

Saizen REIT was my largest investment up till early this year. The massive earthquake that struck

Friday, September 16, 2011

First REIT: Could retest 84c high.

Just like Cache Logistics Trust, First REIT saw its unit price moving higher on the back of higher volume in the last session.

Unlike my position in Cache Logistics Trust, however, my long position in First REIT is much larger and I stand ready to sell into strength if the opportunity presents itself.

It seems to me that First REIT's unit price broke out of an ascending triangle pattern. If

Cache Logistics Trust: Further divestment at $1.

On 29 August, I mentioned that the mini double bottom, if valid, could see price go higher with a target of $1. On that same day, I partially divested my investment in the REIT as gap was filled at 96c.

On 8 September, I divested further at 98c which I thought was a rather stubborn resistance. The stochastics also showed the REIT to be very much overbought.

However, as is my usual style,

Thursday, September 15, 2011

Year end vacation: Great deals!

If you are still planning to go on that year end vacation and missed NATAS, never fear! There are still great deals around!

As I am also planning year end vacations, I came across a few good deals but you have to book soon as prices tend to increase towards end of the year.

Phuket (3D/2N), second half of November 2011.
Package price for 2 persons: S$584.00
(includes all taxes and fees.)

Sabana REIT: 3A Joo Koon Circle and 2 Toh Tuck Link.

Sabana REIT is acquiring two more properties.

1. 2 Toh Tuck Link
Price: $39.8 m
Remaining lease: 45 years

2. 3A Joo Koon Circle
Price: $40.2 m
Remaining lease: 36 years

The purchases will be financed by debt.
With these acquisitions, gearing will be raised 33.7%.

Technically, trading of Sabana REIT's units is seeing decreasing volume as price hits a stubborn resistance at 89c. Although

Fright Night!

Thinking of going to the movies? Wondering what to watch?

Charley Brewster (Anton Yelchin) is a high school senior who’s on top of the world — that is until Jerry (Colin Farrell) moves in next door and Charlie discovers that he is a vampire preying on the neighbourhood.

Click and find out more about Fright Night!

Wednesday, September 14, 2011

No change to my plan as I plan changes to my life.

Recently, I have not been blogging very much about the stock market or anything to do with investments, I am sure regular readers have noticed. There are various reasons for this but the primary reason is because I have put in place a plan for whichever direction the stock market may go.

If the stock market should trade sideways, I will keep the status quo and simply collect income from my

Tuesday, September 13, 2011

Tom Ford Nicole Sunglasses - Only US$129.99

I am not a fashionable person and I had no idea what was Tom Ford until a friend told me it is a luxury brand a few months ago.

This friend of mine also bought a pair of Tom Ford glasses. My glasses almost fell off my face when I heard the price!

If we must buy luxury brand goods, at least we should get them at good prices. Well, that's how I see it anyway.

From now through the 19th, you can

Tea with AK71: McDonald's shows us how!

We often come across signs at eateries which say "No studying." Although these signs do the job, they are not very friendly and they do nothing positive for the public image of the establishment as well.

We know the reason for these signs but couldn't they be worded nicely?

A good example of how it should be done!
Thumbs up for McDonald's!

Sunday, September 11, 2011

Singapore Airlines: Slow to board the social media flight?

I might be slow here but I only read in The Business Times recently that SIA took over an unofficial facebook page. Apparently, the SIA facebook page was originally set up by fans and had almost 100,000 members.

Until almost two years ago, I didn't really know what was social media. OK, I heard of blogs, which I thought was a classy bog, and Twitter, which I thought was a noisy chatroom, and

Saturday, September 10, 2011

Tea with AK71: Good food at good prices!

Recently, I had some good food at good prices:

Breakfast at Coffee Bean & Tea Leaf. 1 for 1. I paid $7.70 for two sets of the above plus two cups of tea. A great deal!

This was a treat because I always see a long queue at the Western Cuisine stall at Kopitiam, Bukit Panjang Plaza. I hate to wait too long for my food but there was no queue that day! $6.10 after discount! Not bad.

Friday, September 9, 2011

Carpark Not Enough!

Although there are cries of discontent in some quarters and this is amply evident in the last General Election as well as the Presidential Election, it seems that more HDB dwellers are doing better in recent years.

How do we know this? Wait for Jack Neo to make a movie "HDB Parking Lots Not Enough!", maybe.

I read an article in The Straits Times on my iPad today that the "pace of growth of car

Thursday, September 8, 2011

Tea with AK71: My weaknesses.

When it comes to junk food, I have two big weaknesses: ice cream and chocolates.

The atas and delectable stuff from Haagen Dazs:

This costs several times more than a strawberry sundae from McDonald's but it was so good!


Wednesday, September 7, 2011

Cache Logistics Trust: Partial divestment at 98c.

On 29 August, I blogged about partially divesting my investment in Cache Logistics Trust as the gap was filled at 96c. Today, my overnight sell order at 98c was filled.

After the gap at 97.5c was filled on 1 September, the REIT's unit price seems to be having difficulty clearing 98c, which is a natural candlestick resistance as well.

As the REIT's unit price does not seem to exhibit any form

CapitaMalls Asia: At resistance.

While chatting in LP's infamous cbox today, a cboxer, OT, said that he is queueing to sell some shares of CapitaMalls Asia at $1.395 because I said that is where gap filling could happen. That was based on TA which I did more than a week ago.

TA is dynamic. What is valid now might not be valid a week later. So, is this case any different?

Share price touched a high of $1.36 which is where we

Tuesday, September 6, 2011

AIMS AMP Capital Industrial REIT: Consolidation and corporate rating.

Some readers left comments here in my blog while others wrote me emails asking me about the proposal by AIMS AMP Capital Industrial REIT to consolidate 5 units into 1.

Personally, I am not really concerned with this exercise. Why? The fundamentals will not change with this exercise. It is still the same REIT with the same fundamentals. As for whether the REIT's unit price will do better or

Monday, September 5, 2011

Tharman Shanmugaratnam has spoken.

I think Tharman Shanmugaratnam is a really brainy guy. He also did our country proud when he was selected as the Chairman of the International Monetary and Financial Committee.

When Tony Tan talks about the economy, I listen. When Tharman S. talks about the economy, I listen too and he has spoken.

"Tharman Shanmugaratnam told a conference that the world has now “entered a phase where there is a

Sunday, September 4, 2011

Courage Marine: Added at 10.5c a share.

It has been some time since I wrote about Courage Marine. With the BDI in a downtrend, there was no reason to go long on this counter. The last time I did something pertaining to this counter was a divestment when news of a dual listing in Hong Kong was made known.

However, as I like the company, I have been tracking its performance which is of course closely tied to the BDI as most of its

Saturday, September 3, 2011

Bullish on Noble, IndoAgri, Genting and DBS?

I was reading The Straits Times online edition. Yup! AK71 is catching up with the Times! I love this pun!

There is an interesting article by Andy Mukherjee titled "Don't get seduced by analysts' darlings" and he selected four stocks as examples.

Andy is of the opinion that "analysts are overly bullish. They are beginning to turn nervous, but are far from throwing in the towel."

He also said

Friday, September 2, 2011

Wage slaves should be fearful.

I had a conversation with someone who said he is living hand to mouth and that he is somewhat worried with how things are developing in the world now.

Source: Bloomberg.

The Eurozone debt crisis, the persistently high unemployment in the USA, the political instability in the Middle East and the credit tightening in China seem like a recessionary cocktail.

Although Asia is where we find

Thursday, September 1, 2011

Tea with AK71: Durians tidak boleh?

This photo was taken at a MRT station on the Circle Line. See why people say Singapore is a "fine" country?

No durians but no fine if we were caught har?
Are the authorities partial to durians?

Does anyone know the reason why there is no fine for being caught with durians on MRT trains?

Could it be that the powers that be have not decided on how much the fine should be? If so, I have a