4 Highest Dividend Yielding S-REIT – Bargain or Value Trap?

Lippo Malls Indonesia Retail Trust (D5IU) Background & Portfolio: LMRT owns over 30 properties across Sumatra, Java, Bali and Sulawesi with a portfolio valuation of S$1.92 billion as of FY17. With a total Net Lettable area of 910,582 sqm, its portfolio achieved 93.7% occupancy with 3,363 tenants. Its top tenants are mostly departmental stores and supermarkets such as:… Read More 4 Highest Dividend Yielding S-REIT – Bargain or Value Trap?

Diversification vs Concentration: The Great Debate.

“Diversification is protection against ignorance” – Warren Buffett “Diversify. In stocks and bonds, as in much else, there is safety in numbers.” – Sir John Templeton   Don’t put all your eggs in one basket, diversify? Or… Put all your eggs in one basket and watch them closely? Which advice should you listen to?  … Read More Diversification vs Concentration: The Great Debate.

How attractive are Singapore stocks? – Global Stock Market Valuation

It is widely known that US stock markets are on record highs on the back of Trump-inspired ‘reflation trade’ and leading the pack are ‘FANG’ stocks an acronym for Facebook, Amazon, Netflix, Google, the most popular and high performing tech stocks in recent years. The sentiments at home in Singapore are not quite jubilant as… Read More How attractive are Singapore stocks? – Global Stock Market Valuation

Baker Technology: Strong balance sheet to help survive distressed and challenging petroleum industry.

Baker Tech is in strong position to survive the challenging landscape ahead in the Oil and Gas equipment services sector. $128 million in cash with no debt, stock price trading at discount to Net Current Asset value. With $130 million market cap, Baker Tech is trading on multi year lows as the industry goes through… Read More Baker Technology: Strong balance sheet to help survive distressed and challenging petroleum industry.

Imperium Crown: Proposed Divestment from core operations (twice in 2 years)

I’m not sure if any of you own shares of Imperium Crown, but I can imagine that it must have been a bumpy ride being a shareholder of this company. 2 years ago in mid 2014, the company then known as Communicating Design International Limited proposed divestment of its outsourcing and marketing business to venture into… Read More Imperium Crown: Proposed Divestment from core operations (twice in 2 years)

Hanwell Holdings: Will this strategic investor be catalyst?

Business Background Hanwell Holdings supplies provisions and household consumer products in Singapore, Malaysia, and China. The company operates through Consumer Businesses and Strategic Investments. Consumer Business engages in manufacturing, brand management, marketing and distribution of consumer goods and is organised into 3 main entities: Fast Moving Consumer Goods (FMCG), Franchise and Health solutions. Subsidiaries under… Read More Hanwell Holdings: Will this strategic investor be catalyst?

Sing Holdings: 43% discount to Net-Net Working Capital

Key statistics: Market Cap (SGD): 124,310 mil 52-week Low range: S$ 0.34-S$ 0.29 Rolling P/E: 3.03 Net Asset Value (SGD) : 62.9 cents Price to Book Value: 0.493 Cash per share (SGD) : 17 cents Total debt to Equity : 15% Net-Net Working Capital (SGD): Cash (100%) + Receivables (75%) + Inventories (60%) = 68,293 + (84,380… Read More Sing Holdings: 43% discount to Net-Net Working Capital