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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.

Tuesday, July 11, 2017

Netlink Trust IPO pricing at $0.81

IPO Price on 10th July 2017 = $0.81
  • Yield = 5.73% (2018)  
  • Price-to-book Ratio = 0.938
  • Assets per unit = $1.16
  • Debt per unit = $0.296 (including current liabilities)
  • Gearing = 25.6%
This is an update after they have announced their IPO price which is really bad news for them. They have just priced it at $0.81 which is near the bottom end of the range that they have given. On paper, the yield and price-to-book ratio is ok at 5.73% and getting it at 6% discount. However, it has shown that there is really no demand for its units and they have to lower the price to attract investors.

I am not applying for this IPO because I am quite sure that it will fall below $0.81 once it is listed.
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