- Current Yield = 10.20%
- Price-to-book Ratio = 0.689
- Assets per unit = $0.215
- Liabilities per unit = $0.02
- Gearing = 0.80%
- Secured NAV = $0.164 (111% of trading price)
Yield is at a high of 10.20% which is fantastic. Price-to-book ratio is at 0.689 which is very good as well. They have cleared all their debts so what you buy is what you get with no risk of failing. Its Secured NAV (an estimate from me) is still high at 111% of its trading price.
I bank on the fact that their manager is ST Asset Management Limited which is a wholly subsidiary of our very own Temasek Holdings. Thus, I believe they can't fail or else the entire reputation of Temasek (Singapore's SWF) will be at stake.
Last month, due to some issues (my mistake actually), I wasn't able to transfer monies to subscribe to the rights that I am entitled to. Instead, I went on to buy 135,000 shares from the market at $0.144, pushing my holdings now to 299,377 shares valuing at about $44,000. Yet with this kind of statistics, I am thinking of getting more.
this is a closed end fund, always sells at discount to nav , and subject to performance in the stock and bond market, it has no operating businessReplyDelete