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, March 3, 2011

Analysis of AIMSAMP REIT

Current Price on 3rd Mar 2011 = $0.21
  • Current Yield = 9.71%
  • Price-to-book Ratio = 0.787
  • Assets per unit = $0.412  
  • Debt per unit = $0.145
  • Gearing = 35.2%
The situation in Middle East has dampen the mood of investments recently with REITs moving south. Especially for AIMSAMP REIT. It has reached $0.20 at a point this week. Its acquisition and recent private placement is not favouring existing unitholders. Personally I am disappointed.

Price has dropped to $0.20 before moving up to between $0.205 - $0.21. I believe that the entry point now is at $0.20 which gives about 25% discount to current NAV and 10% yield. It is also the support price which I think should not drop further.

I am also waiting for it to move up to NAV price (which it has not reached before) which is also my offloading price. For my current holdings, First REIT has reached before but has since fallen back again. I thought that this has further affirm my thoughts although I lost the chance to offload them at NAV price. For AIMSAMP REIT, I will not hesitate to offload it once it reaches NAV price.
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2 comments:

  1. GaudenteMarch 8, 2011 at 11:22 AM

    "Its acquisition and recent private placement is not favouring existing unitholders. Personally I am disappointed."

    Me too

    ReplyDelete
  2. jc.education.sgMarch 13, 2011 at 4:07 PM

    Got to watch closely. Especially when they have a valuation report. I wonder why the valuation and its yield differ so much for different REITs.

    ReplyDelete

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