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.

Friday, December 8, 2017

Analysis of Asian Pay Television Trust

Current Price on 5th Dec 2017 = $0.595
  • Yield = 10.92%  
  • Price-to-book Ratio = 0.694
  • Assets per unit = $1.905
  • Debt per unit = $1.048 (including current liabilities)
  • Gearing = 55.0%
I haven't write about Asian Pay Television Trust for a while. Ever since my last post, their price have moved up by about 40% which is good for me as I am vested with 200,000 shares. Let's take a look at the statistics.

With a yield of 10.92%, it is by far the highest yielding trust on SGX. This is more so especially when Global Investment Limited reduced their payout from 0.75 cents to 0.6 cents per half-year and Accordia Golf Trust also downsize their dividends due to some one-off reasons. Moreover, it has a price-to-book ratio of 0.694 which means we are buying at a 30% discount. Its gearing is a concern as it is at 55% which can be quite dangerous.

Their statistics has been like this for a while and they have ride the wave to move their price up by quite a lot and I have benefitted from it a lot as well. It also gives me a quarterly income of $3250 until end 2018 which is very good for me.

Nevertheless, the price is, in my opinion, quite high already and we shouldn't be expecting any capital appreciation. I am holding on and enjoying the dividend. A point to note is I won't be adding more as I am already heavily vested in it.

1 comment:

  1. The good news is FY18 DPU guidance is still 6.5c. This guidance is likely to fulfil as the capex is reducing in FY18.