Recent Posts - My Stocks Investing

SPH REIT IPO Prospectus

Post author:Marubozu
Post published:July 13, 2013

INTRODUCTION TO SPH REIT
SPH REIT is a Singapore-based real estate investment trust (“REIT”) established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets.

IPO Price = $0.85-$0.90
Projected DPU Yield = 5.58%-5.79% (2013), 5.79% – 6% (2014)
Number of Units = 308,884,000 (Page 44 of SPH REIT IPO Prospectus)
NAV = Around S$0.89 –> IPO price is 0.9% Premium to the NAV.
Total Debt = 840,892,000 (Page 43 Balance Sheet of SPH REIT IPO Prospectus)
Total Asset = 3,116,166,000 (Page 43 Balance Sheet of SPH REIT IPO Prospectus)
Gearing Ratio = 27%

Check out how to analyse SPH REIT here.

Comparison Table of Singapore REITs.

SPH REIT Structure

Portfolio Summary

Distribution Yield Forecast

See detail SPH REIT IPO Prospectus.

ST Engineering Rebound! Is It Time To Buy?

Post author:Marubozu
Post published:July 12, 2013

I have to re-draw the Elliott Wave count for ST Engineering because the recent rebound is still the Wave B. There is also a Mini Elliott Wave in Wave B (1-2-3-4-5) and currently hitting the uptrend support turned resistance level (green line).

For those who know Elliott Wave pattern and know how to count the Wave (1-2-3-4-5-A-B-C), you should be able to identify what is the next move! It is Wave C of the Big One and Wave A for the Small One! The Big and The Small are in the same direction! Now we just need to wait for the certain candlestick pattern to form! Happy Trading!

See last Elliott Wave count drawn for ST Engineering.

OCBC Bank: Trend Reversal

Post author:Marubozu
Post published:July 11, 2013

OCBC breakout from a Symmetrical Triangle and rebounded from the uptrend channel support (also the 38.2% FR level). The down trend is officially ended which this breakout. The minimum price target of this symmetrical triangle breakout is $10.50. As there are no clear significant resistance, the next immediate will base on the Fibonacci Retracement Level.

Key Statistics for OCBC

Current P/E Ratio (ttm)	9.5142
Estimated P/E(12/2013)	13.3935
Relative P/E vs. FSSTI	0.7293
Earnings Per Share (SGD) (ttm)	1.0910
Est. EPS (SGD) (12/2013)	0.7750
Est. PEG Ratio	1.9319
Market Cap (M SGD)	35,617.86
Shares Outstanding (M)	3,431.39
30 Day Average Volume	5,356,500
Price/Book (mrq)	1.5041
Price/Sale (ttm)	4.2132
Dividend Indicated Gross Yield	3.18%
Cash Dividend (SGD)	0.1700
Last Dividend	04/29/2013
5 Year Dividend Growth	3.34%
Next Earnings Announcement	08/02/2013