Rectangle - My Stocks Investing

Singapore REIT Fundamental Analysis Comparison Table – 7 Sept 2014

Post author:Marubozu
Post published:September 7, 2014

FTSE ST Real Estate Investment Trusts (FTSE ST REIT) Index changes from 764.31 to 775.28 compare to last post on Singapore REIT Fundamental Comparison Table on Aug 7, 2014. The index is trading above 200D SMA and still consolidating within a range between 760 and 780, a Rectangle consolidation pattern. Watch closely these two support and resistances level to see whether there is a change in trend (if 760 support is broken) or continuation of the uptrend (if 780 resistance is broken).

Price/NAV increases from 1.03 to 1.045 (slightly over value now)
Dividend Yield decreases from 6.55% to 6.46%.
Gearing Ratio increases from 33.17% to 33.42%
IREIT Global traded on the Singapore Stock Exchange on Aug 13, 2014. (Opened $0.88 and closed at $0.895)
Added IREIT Global.

Singapore Interest Rate

Singapore 3 Months SIBOR

..

Under Watchlist

One of the key criteria for my watch list is the Gearing Ratio due to my low risk appetite. I do not like to have heart attack because I want my invested capital to be protected and prevent me from suffering a big drop due to right placement. In addition, a sudden hike in interest will have a knee jerk effect on the REIT with high gearing ratio.

If you want to find out how to make use of Gearing Ratio to protect your invested capital, how to invest safely in Singapore REIT to generate passive income, how the interest rate can affect your REIT investment, you can check out the a very pragmatic and educational public seminar here “Investing in Singapore REIT“.

.

City Development: Going No Where

Post author:Marubozu
Post published:July 28, 2014

City Development is currently trading within rectangle in a range between $10.14 and $10.56. All 3 moving averages are moving sideway. No trading opportunity until a breakout.

Original post by Marubozu from My Stocks Investing Journey.

Current P/E Ratio (ttm)	14.6797
Estimated P/E(12/2014)	15.1220
Relative P/E vs. FSSTI	1.0330
Earnings Per Share (SGD) (ttm)	0.7180
Est. EPS (SGD) (12/2014)	0.6970
Est. PEG Ratio	1.7722
Market Cap (M SGD)	9,584.04
Shares Outstanding (M)	909.30
30 Day Average Volume	470,733
Price/Book (mrq)	1.2744
Price/Sale (ttm)	3.0592
Dividend Indicated Gross Yield	0.76%
Cash Dividend (SGD)	0.0800
Dividend Ex-Date	04/30/2014
5 Year Dividend Growth	16.36%
Next Earnings Announcement	08/14/2014

Starhill Global REIT: Under Watchlist

Post author:Marubozu
Post published:June 14, 2014

Fundamental Analysis of Starhill Global REIT:

Last Price = $0.81
NAV = $0.92
Price / NAV = 0.8804
Price / NAV (52 Weeks High) = 1.1042
Price / NAV (52 Weeks Low) = 0.8278
Distribution Yield = 6.21%
Gearing Ratio = 29.6%
Occupancy Rate = 99.4%
WADM = 3.3 Years
WALE = 5.1 Years
Base on Starhill Global REIT April 29 Presentation.

Technically Starhill Global REIT is trading in a Rectangle and range bound between $0.755 and $0.845.

Compare with other Singapore REITs, Starhill Global is traded at a 12% discount to NAV with Distribution yield at 6.21%. Fundamentally this REIT is attractive in terms of Price/NAV, Distribution Yield and Gearing Ratio. However, technically the chart is moving sideway and looks like this REIT is going through a retracement currently. A much more attractive entry level is to wait for Starhill Global to retrace back to the Rectangle support at about $0.755. The yield at this price is about 6.5% with Price / NAV about 0.82 (18% discount to NAV). A little concern over the WADB as about 30% debt is going to mature in 2015 and Starhill Global REIT may need to refinance at a higher interest rate, thus impact the DPU.

I will be covering the above analysis method in my Singapore REIT Investing public workshop, I strongly suggest you to sign up and understand how to do a proper analysis (Fundamental Analysis, Risk Assessment, Technical Analysis) on the REIT before throwing the money into stock market by selecting the wrong REIT and investing in the wrong time.