tag:blogger.com,1999:blog-7944902213075756335.post4013154140250574248..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Croesus Retail Trust and Perennial China Retail Trust.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-7944902213075756335.post-56795970178818634502017-07-05T23:08:21.268+08:002017-07-05T23:08:21.268+08:00Reader:
Being a new investor, I have much to learn...Reader:<br />Being a new investor, I have much to learn. I would like to know what gave you the conviction to have such a big investment in Croesus. Thank you.<br /><br />AK:<br />You can search for my past blogs on Croesus Retail Trust. For example, this blog provides some insights as well as an important lesson if you are an investor for income.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52308595265769411792014-02-16T22:56:49.712+08:002014-02-16T22:56:49.712+08:00Hi Capricon,
I am happy that you have found my bl...Hi Capricon,<br /><br />I am happy that you have found my blog useful.<br /><br />How was your mindset as an investor changed? Would you like to share? :) AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47842070022778992502014-02-16T22:20:11.137+08:002014-02-16T22:20:11.137+08:00Hi Capricorn,
Oh yes, the writing is on the wall ...Hi Capricorn,<br /><br />Oh yes, the writing is on the wall and I have been saying for a year or more that DPU could reduce by half once earn out deeds are exhausted by end 2014, if you remember. :)<br /><br />I actually spent quite a bit of time crunching PCRT's numbers this weekend and to consider my next move. I can do this better now with their mall in Foshan having commenced operations AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39685686294740362992014-02-11T00:14:45.259+08:002014-02-11T00:14:45.259+08:00Hi SnOOpy168,
Anecdotal evidence tells me that yo...Hi SnOOpy168,<br /><br />Anecdotal evidence tells me that yours are valid concerns. I will wait to see if PCRT will deliver the goods.<br /><br />Having received many rounds of income distributions by now and having entered at a price a bit lower than what we see now, I have my MOS. I wouldn't get in now if I do not yet have a position in PCRT, for sure. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71487210313274135672014-02-10T23:02:52.629+08:002014-02-10T23:02:52.629+08:00I will agree with Capricon , having worked in that...I will agree with Capricon , having worked in that land-of-everything-fake for the past 9 years. <br /><br />Malls in Tier 2 二线诚 & smaller towns pops up like mushroom after thunderstorm, with a lots of fan fare. Then with a year or so, the "good tenants" like McD or Wall-Mart, may be attracted elsewhere that is new & with almost free rental (as anchor tenants to bring in the SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44014344201934292062014-02-09T22:20:19.996+08:002014-02-09T22:20:19.996+08:00Target Value Fund bought 1,000 lots of Croesus Ret...Target Value Fund bought 1,000 lots of Croesus Retail Trust on 4 Feb 2014. Total cost: S$873,500.<br /><br />Now, Target Value Fund holds direct interest in 34,180,000 units of Croesus Retail Trust (or 8% of total voting shares). The Fund is managed by Target Asset Management Pte Ltd.<br /><br />Teng Ngiek Lian is a majority shareholder in Target Asset Management Pte Ltd.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90243557466445103262014-02-09T21:36:40.563+08:002014-02-09T21:36:40.563+08:00Hi Tien,
Yikes! I am trying to think of a reason ...Hi Tien,<br /><br />Yikes! I am trying to think of a reason why that might have any bearing on this blog post. -.-"<br /><br />Why do you ask? ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67027353981842454682014-02-09T18:33:40.766+08:002014-02-09T18:33:40.766+08:00Ak, are you a male or female?Ak, are you a male or female?Tien Song Chuanhttps://www.blogger.com/profile/17386488670447143666noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53606000537354115832014-02-09T12:40:56.032+08:002014-02-09T12:40:56.032+08:00Hi SMOL,
Aiyoh, don't say until liddat leh. ;...Hi SMOL,<br /><br />Aiyoh, don't say until liddat leh. ;p<br /><br />I believe that there is a time to be succinct and a time to be verbose. They serve different purposes. ;)<br /><br />Simi is kicking tyres in Osaka? I don't remember doing anything so violent wor. Hmmm... -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77910037268378001782014-02-09T12:38:30.344+08:002014-02-09T12:38:30.344+08:00Hi inquisit0,
Well, to be honest, I have not look...Hi inquisit0,<br /><br />Well, to be honest, I have not looked at that one in detail.<br /><br />You could do a quick comparison yourself. Compare:<br /><br />1. Distribution yields. You want a high distribution yield.<br /><br />2. Compare NAV. You want to buy at a discount to NAV if possible.<br /><br />3. Compare gearing levels. You want lower gearing levels.<br /><br />There are other things AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27188995565915004122014-02-09T10:46:58.804+08:002014-02-09T10:46:58.804+08:00AK,
Ah! Now my comments look a bit long-winded :(...AK,<br /><br />Ah! Now my comments look a bit long-winded :( <br /><br />LOL!<br /><br />My English teacher was right - he who is concise is more intelligent than those who are verbose.<br /><br />And by the way, nice kicking the tyres in Osaka. (Wink, wink) <br /><br />Next time I go I also must pay my respects to the Instant Noodle holy ground :)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71039188991125326292014-02-09T09:34:23.117+08:002014-02-09T09:34:23.117+08:00Ic. Then what about mapletreegcc do u think its be...Ic. Then what about mapletreegcc do u think its better than crct?inquisit0https://www.blogger.com/profile/09821520166528847761noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71437503485624061082014-02-08T22:55:05.902+08:002014-02-08T22:55:05.902+08:00Hi inquisit0,
Well, it wouldn't be an apple a...Hi inquisit0,<br /><br />Well, it wouldn't be an apple and apple comparison. PCRT is a business trust while the other two are REITs but I did do a comparison between PCRT and CRCT before. You will find the link to that post in this blog post. It is the first link in the blog post and is titled "Perennial China Retail Trust".<br /><br />Remember that investing in PCRT is really more AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23743515932617835942014-02-08T22:51:09.541+08:002014-02-08T22:51:09.541+08:00Hi Capricorn,
Indeed, it is a valid concern. This...Hi Capricorn,<br /><br />Indeed, it is a valid concern. This is not the first I have heard this. No smoke without fire. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10908484523580459512014-02-08T22:50:09.547+08:002014-02-08T22:50:09.547+08:00Hi SMOL,
Love the three points you made. My rejoi...Hi SMOL,<br /><br />Love the three points you made. My rejoinders, point for point:<br /><br />1) All investments are good at the right prices. Always know our motivations. <br /><br />2) Buy at a price we won't sell at and sell at a price we won't buy at.<br /><br />3) Don't buy anything with money we cannot afford to lose.<br /><br />Pass or not? ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54786730283272635342014-02-08T22:27:55.721+08:002014-02-08T22:27:55.721+08:00Hi AK71,
Do you think PCRT is better than Mapletr...Hi AK71,<br /><br />Do you think PCRT is better than MapletreeGCC or even CapRchina?<br /><br />Could you do a comparison of the three counters? <br /><br />Thanks.inquisit0https://www.blogger.com/profile/09821520166528847761noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41537931222546648092014-02-08T21:26:21.630+08:002014-02-08T21:26:21.630+08:00AK,
I am not vested in either counters but I like...AK,<br /><br />I am not vested in either counters but I like this post.<br /><br />1) For the RIGHT price, all shares can be a buy - just as long we are clear whether it's an investment or speculative trade.<br /><br />2) We are the ones who decide the price we are willing to pay for the amount of risk premium/margin of safety we seek. <br /><br />No difference from bargaining at Bangkok'Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66483646159093610432014-02-08T18:24:14.268+08:002014-02-08T18:24:14.268+08:00Hi Solace,
I still like the Chinese consumption s...Hi Solace,<br /><br />I still like the Chinese consumption story but it is definitely works in progress.<br /><br />I said before that investing in PCRT, one should have the patience to see it through 2015 at least. <br /><br />As long as we get in with a reasonable margin of safety, I think PCRT is one stock that will benefit from the rise of the Chinese consumer. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41554178983510403912014-02-08T15:58:02.434+08:002014-02-08T15:58:02.434+08:00Hi Ak,
nice post! succinct.
i think by now, you ...Hi Ak,<br /><br />nice post! succinct.<br /><br />i think by now, you are aware that i am vested in PCRT. <br /><br />After reading yesterday results, i think management is doing their best to increase occupancy rate and to increase distribution yield.<br /><br />Despite saying this, the risk still remains in view earn out deeds is expiring soon. my purchase price is 50 cents, i believe it offer Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.com