Wednesday, June 1, 2011

FSL Trust: Acquisition.

Nothing much has been happening to FSL Trust lately although its unit price has suffered from weakness. I suspect that the weakness of the US$ and the shipping sector as a whole could have been a dampener.

The latest news is an acquisition of a "Long Range II (LR2) product tanker from TORM Singapore, a wholly-owned subsidiary of TORM A/S for US$46 million ($56.7 million).... The transaction will

Indofood Agri: Rebounding.

Indofood Agri Resources assured investors that PT SIMP’s listing will not dilute its earnings as much as analysts had feared. So, is this a good time to go picking up some shares of the company?


A long white candle was formed on the back of high volume today as price broke resistance at $1.69 to close higher at $1.71. The MFI and RSI have been spotting a positive divergence with its declining

Hyflux: $800 million bridge loan.

It was not so long ago that Hyflux offered $200 million of perpetual preference shares. At that time, I wondered why Hyflux had to pay a 6% annual dividend yield on those shares.


6% seemed a tad expensive to me in an environment where interest rates are very low. I concluded that Hyflux could be having some difficulty getting long term financing from financial institutions at even an interest

First REIT: MSCI Singapore Index.

The reason for First REIT's strong performance in recent sessions is now apparent:

First Real Estate Investment Trust says it has been included in the MSCI Singapore Index with effect from 1 June 2011.

MSCI is a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services.
The MSCI indices are