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 $4,200/month.

Wednesday, July 20, 2016

Analysis of Global Investment Limited

Current Price on 19th July 2016 = $0.137
  • Yield = 10.95%  
  • Price-to-book Ratio = 0.723
  • Assets per unit = $0.203
  • Debt per unit = $0.014 (including current liabilities)
  • Gearing = 6.8%
  • Secured NAV = $0.19 (138% of trading price)
Global Investment Limited has always been in my radar but it just happen that I did not blog about it. Converting all my dividends into shares increased my holdings to 696,000 shares which is huge and it is currently worth $95,000. Let's take a look at the statistics.

The yield continues to be high at 10.95% even though it is no longer the highest. Asian Pay Television Trust is yielding at about 12% and some "safer" REITs based in Singapore i.e. Sabana REIT and LMIR is also yielding close to 10%. Because of that, it sorts of loses some shine. Price-to-book ratio is still at an attractive 0.723 which means that we are buying at 27% discount. Just a note that previously it was better.

Currently, there are heavy-weight on bonds which helps to secure their yield. In their report, it is yielding at close to 7% but if we factor in discounts since we are buying at a discount, it is close to 9%.

They are going to announce their results and distribute their dividend soon. Well, I have said before that this is a 10% savings account which still holds today as their price hasn't really moved much for the longest period of time. I will just wait and enjoy the dividend coming in.

2 comments:

  1. Hi, the trading volume for global investment seems low these couple of days. Any thoughts?

    ReplyDelete
  2. Are you still holding? Any current review from you?

    ReplyDelete