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.

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.


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

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