tag:blogger.com,1999:blog-7944902213075756335.post1607079591924859739..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Croesus Retail Trust: Why some were burnt and burnt badly.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-7944902213075756335.post-44706035460856511622017-06-04T12:52:23.238+08:002017-06-04T12:52:23.238+08:00Laurence said...
I recently read AK's post whe...Laurence said...<br />I recently read AK's post where he wrote: " ... don't ever ask a barber if we need a haircut."<br />I have since borrowed his sentence to remind my friends to be more prudent when seeking advise. <br />When I first started using my CPF money to invest in SGX stocks in the late 1990s, I often asked my broker for advise. Very quickly, I lost tens of thousandsAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52971627947040808192014-01-29T21:51:32.889+08:002014-01-29T21:51:32.889+08:00Hi Veronika,
I think I have mentioned that Croesu...Hi Veronika,<br /><br />I think I have mentioned that Croesus Retail Trust is not a REIT before but it is always good to have reminders. See: <a href="http://singaporeanstocksinvestor.blogspot.sg/2013/11/croesus-retail-trust-initiated-long.html" rel="nofollow">Croesus Retail Trust: Initiated long position at 87c.</a> :)<br /><br />As for my motivation for buying into Croesus Retail Trust, I am AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-546803461560423762014-01-29T21:35:51.692+08:002014-01-29T21:35:51.692+08:00I think an important reminder is the difference be...I think an important reminder is the difference between a business trust and a real estate investment trust.<br /><br />At the most basic level of interest:<br /><br />A business trust is not required by law to distribute dividends. If it does distribute, the money comes from operating cash flow.<br /><br />A real estate investment trust is required by law to distribute its income which is ronhttps://www.blogger.com/profile/13885661137371524688noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41988187750100827712014-01-29T19:23:54.366+08:002014-01-29T19:23:54.366+08:00Hi E H,
Thanks for telling me. :)
Cheem! I don&#...Hi E H,<br /><br />Thanks for telling me. :)<br /><br />Cheem! I don't quite understand how it is applied. So, it is cheem to me. Young people's lingo? AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32372126559374025852014-01-29T18:43:41.749+08:002014-01-29T18:43:41.749+08:00Your Mileage May Vary.Your Mileage May Vary.KChttps://www.blogger.com/profile/15681244843883578276noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8452101134097651182014-01-29T12:31:20.586+08:002014-01-29T12:31:20.586+08:00Hi Ong,
Yes, I remember. That time, I bought more...Hi Ong,<br /><br />Yes, I remember. That time, I bought more at 80+ c a unit. The importance of having a war chest ready. ;)<br /><br />YMMV! (What is this har?)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66865673234424374042014-01-29T12:00:18.129+08:002014-01-29T12:00:18.129+08:00margin of safety can also disappear very quickly i...margin of safety can also disappear very quickly in volatile times, of cos still better than no safety. i am reminded of sabana during those days when it dropped to 90c and still went lower haha.<br /><br />there is also a reason why yields are higher for some reit and lower for others. imo is trade off between risk and peace of mind. YMMV!Recruit Onghttps://www.blogger.com/profile/04083198539973588054noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50624707663628549542014-01-29T10:20:04.956+08:002014-01-29T10:20:04.956+08:00Hi Yee,
It is hard to say what will happen in the...Hi Yee,<br /><br />It is hard to say what will happen in the future, of course. As long as we get in with a margin of safety given the current day circumstances, we cannot be too far wrong. :DAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84454277130300996752014-01-29T10:18:41.609+08:002014-01-29T10:18:41.609+08:00Temasek's deemed interest through DBSH: 5.93%....Temasek's deemed interest through DBSH: 5.93%. Includes holdings by Hwang-DBS (Malaysia) Bhd which has been reducing their stake.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14144476629443463162014-01-29T10:15:30.628+08:002014-01-29T10:15:30.628+08:00I am seeing this as a replay for AIM REIT or perha...I am seeing this as a replay for AIM REIT or perhaps also First REIT....<br /><br />In their early day, both REIT are paying over 10% in dividend but no one buy.... then now at 7-8% yield... analyst are calling a BUY. <br /><br />We buy CRT first and later sell to the analyst... :)Forex Guruhttps://www.blogger.com/profile/07038750232911100863noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89670044862671613552014-01-29T10:04:49.336+08:002014-01-29T10:04:49.336+08:00Hi SGYI,
All else remaining equal, yes, a lower u...Hi SGYI,<br /><br />All else remaining equal, yes, a lower unit price will present much better value for money. If Croesus Retail Trust should see its unit price decline from here, it will also mean a bigger margin of safety for anyone who buys then. :)<br /><br />For me, I am corrupted by Technical Analysis. So, I do look at price movements, trying to peek into Mr. Market's mind. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48743884722124117072014-01-29T09:53:11.008+08:002014-01-29T09:53:11.008+08:00Hi Ak,
Thanks for all these info. If it drops mor...Hi Ak,<br /><br />Thanks for all these info. If it drops more wouldnt it be a chance for investors to buy more? At the current price, it is a fair value. If it drops more, it becomes even more attractive. I'm not really worried about the stock price movement. More concern on the fundamentals of CRT and the development of Japan's economy. So far so good now.SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46341347995640464202014-01-29T09:48:14.097+08:002014-01-29T09:48:14.097+08:00Hi Yee,
Nice numbers! ;)
I believe Croesus Retai...Hi Yee,<br /><br />Nice numbers! ;)<br /><br />I believe Croesus Retail Trust is going to announce results in another couple of weeks.<br /><br />It is reasonable to expect DPU to come in higher than initial forecast.<br /><br />I wonder how Mr. Market will react then? Hmmm....AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69481543485778555672014-01-29T09:22:36.790+08:002014-01-29T09:22:36.790+08:00For me, why i invest in CRT.
1. 2 years hedge for...For me, why i invest in CRT.<br /><br />1. 2 years hedge for forex and long term lease in excess of 10 years.With the 2 years in the bag, we are looking at about 9.3% @$0.875 in my case. So i will have recovered about 18% in term of dividend by the end of 2 years. <br /><br />2. I am buying at discount to NTA of $0.906.<br />Forex Guruhttps://www.blogger.com/profile/07038750232911100863noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83338421829949812062014-01-29T09:14:04.436+08:002014-01-29T09:14:04.436+08:00Hi Jimmy,
You are welcome. :)
Took me quite a bi...Hi Jimmy,<br /><br />You are welcome. :)<br /><br />Took me quite a bit of time. I hope I didn't leave anything out.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19574529021541706292014-01-29T09:05:53.476+08:002014-01-29T09:05:53.476+08:00Gosh, you had the patience to shift thru those PDF...Gosh, you had the patience to shift thru those PDF announcements. Many thanks for doing this for us. <br />SnOOpy168https://www.blogger.com/profile/04119939685075540172noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60803379270945344282014-01-28T23:51:46.854+08:002014-01-28T23:51:46.854+08:00Hi Leonard,
I am, in fact, not worried about DPU ...Hi Leonard,<br /><br />I am, in fact, not worried about DPU in S$ being affected in the short term and, by short term, I mean 2 years or less. If you remember, I explained why this is so in earlier blog posts on the Trust.<br /><br />Well, there are also some analysts who project industrial property rents to improve this year in Singapore. <br /><br />"Rents across all industrial space are AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82447715865291344102014-01-28T23:41:55.739+08:002014-01-28T23:41:55.739+08:00Factors that may affect DPU in the short term
1. ...Factors that may affect DPU in the short term<br /><br />1. Japan's consumption tax rate will increase from 5% to 8% in April<br /><br />2. Yen Inflation...less SGD$ payouts if inflation continues?<br /><br />AK....wouldn't it be wiser to invest in Singapore Commercial REITs where office rents are projected to rise this year?L Lawliethttps://www.blogger.com/profile/09676444097735088728noreply@blogger.com