High yield portfolio

In case anyone is interested in building up a portfolio of high yielding Singapore counters, here are a few counters worth considering:

Saizen REIT - For a potential yield of 13% from middle of 2010. Lower gearing in time. A strong Yen is a plus as distributable income is converted to S$ for distribution to unitholders. At 15c, it is deeply undervalued. Please refer to the earlier entry on Saizen REIT for a more detailed write-up. Passive income with high yields: Saizen REIT

MI-REIT - Soon to be renamed AIMS AMP Capital Industrial REIT. With its recent recapitalisation exercise, gearing is at 29% and the yield is a respectable 10% with price at 20.5c. NAV is 31c. I like Singapore industrial properties a bit more than office buildings as the demand is more inelastic. AIMS-AMP Capital Industrial Reit (MI-REIT)


LMIR - A joint venture between Indonesian powerhouse, Lippo, and Mapletree (a subsidiary of Singapore's Temasek Holdings). Indonesia never did go into a recession. It kept growing through the financial crisis. This REIT owns shopping malls in the country. With domestic consumption forming 60% of GDP plus a growing middle class, this REIT will do better in time. Indonesia needs more malls. Yield is at 9.5% with price at 51.5c. Gearing is a low 12%. Price has closed above resistance. 50c might just be resistance turned support. LMIR

First REIT - Owned by Lippo, it primarily owns healthcare facilities in Indonesia and Singapore. Yield at 9.5% with price at 80c. Gearing is a low 16%. This counter has been doing a levitation act. Seemingly infallible.

Suntec REIT - A respectable yield of 8.6% with price at $1.35. Gearing is at 34%. However, its price is close to resistance. Might want to wait for a pullback before entering. $1.25 or thereabouts would be a nice entry price.

SPH - My favourite high yield blue chip. At the price of $3.60, I'm estimating a fairly conservative 5.5% yield in 2010. Strong balance sheet. Price seems to be going through a basing process now.

I own units or shares in all the above. These are for long term passive income generation. So, I won't be too bothered by short term price fluctuations. There will come a time when I should liquidate these. This is when there is a change in the longer term trend.
A new year and a new decade. Strategy for 2010. 

Update (added on 13 Oct 2010).