Tea with AK71: Taste of Hong Kong.

Firstly, this has nothing to do with my recent trip to Hong Kong. This happened in Singapore. :)

I was at Illuma and had a new dining experience. Well, it was a new experience to me.



Taste of Hong Kong. Business was good!



Instructions at every table.



Waffle with bonito flakes, luncheon meat and something saucy. I loved it!

Inexpensive comfort food in an air-conditioned environment with

REITs and rights issues: A zero sum game?

There has been a deluge of articles on REITs recently and my own blog posts on the subject have attracted many comments although not as many as the blog post in which I revealed my total passive income from S-REITs for the first nine months of this year. ;p

I received comments from a reader, Chopra, regarding my simplistic analogy given in "REITS and rights issues: A Singaporean tale." Read it

Bought Hyflux and AIMS AMP Capital Industrial REIT.

My overnight buy order for Hyflux at $1.20 was filled. Looking at the daily chart, it is immediately clear why I put in a buy order at that level. It is support. Even with a confirmation of a reversal signal, we want to buy as close to support as possible. Of course, luck plays a part because in very bullish circumstances, price could have gapped up and gone higher.



A white hammer was formed

Hyflux and Sound Global.

Regular readers know that I invested heavily in Hyflux Water Trust during the last crisis. I was drawn towards its very high distribution yield of some 17% and zero gearing at one stage as well as its very stable businesses. The Trust helped to grow my wealth significantly.


I continue to like the water business and believe that the world will continue to need solutions to water problems. In an