Welcome

Welcome to my investment blog where I share with you my analysis of REITs in Singapore.

I hope that my investment philosophy will bring me a steady stream of income apart from my job. I am aiming for at least $3,000 per month which can sustain the current expenses of myself and my family.

Do enjoy reading my blog and post any comments that you have. I welcome them because it is a time to learn from each other.

When I am looking at investing in REIT, here are some of the guidelines that I am looking at. Feel free to comment on it. I am willing to listen to ideas.

-> at least 8% yield.
-> Price that is lower than its NAV.
-> Low gearing (if possible)
-> High secured NAV.

Current Dividend income is $3,800/month.

Thursday, April 23, 2015

Analysis of Global Investment Limited

Current Price on 16th Apr 2015 = $0.148
  • Yield = 10.14%  
  • Price-to-book Ratio = 0.69
  • Assets per unit = $0.216
  • Debt per unit = $0.001 (including current liabilities)
  • Gearing = 0.5%
  • Secured NAV = $0.145 (97.8%)
Global Investment Limited has been racing ahead with an increase from $0.14 to $0.148. This run means my investment has appreciated by $4,800 which is a fantastic bonus to me.

With the current pricing, let's look at the statistics. Yield is still at a favourable 10.14% and price-to-book ratio is at 0.69 which means I am still buying at 30% discount. However, the secured NAV (my estimate) is currently at 97.8%. Still good but no longer as attractive.

I should have noticed that at $0.14, the price is good to enter. Just that currently I am already holding on to almost 600,000 shares worth close to $90,000 and that hinders me from entering more. I think I should just be glad that I have ride on the wave and it appreciated then to think of whether I have invested more in this. With some cash on hand, I am looking at other counters to diversify (slightly) of my holdings.

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