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Posted by AK71 at 8:25 PM 10 comments
Labels:
RHT
Recently, I received quite a few emails regarding Dynasty REIT.
With full page ads taken out in the newspapers, few could have missed the promise of an approximate 7% distribution yield. It seems that the REIT is generating quite a bit of interest in the current low interest rate environment.
I have not subscribed to any IPOs in many years, believing that they are on terms which are more in favour of the issuers. Of course, there are cases in which IPOs have done quite well because Mr. Market's sentiment towards them was favourable.
So, for people interested in IPOs, they should develop the ability to read Mr. Market's mind! Personally, I already have great difficulty reading Mr. Market's mind with the help of charts. Without any trading history (i.e. no charts), it is a tall order indeed for me to read Mr. Market's mind towards IPOs.
For example, some people were saying that the unit price of Religare Health Trust would probably do very well because the public tranche was 13.5x over subscribed. On the first day of trading, it tanked 10%. It is still trading below its IPO price today.
What about Dynasty REIT? Could its unit price tank 10% on the first day of trading too? Who knows? I have said before that as an investor for income, I am more concerned with the distribution yield and that any capital gain is a bonus. Of course, we want to avoid any loss of capital at the same time. How do we do this? Buy when things are inexpensive. So, is Dynasty REIT's IPO price inexpensive?
Shanghai International Capital Plaza: 29 floors office and retail building plus a basement. Committed occupancy rate: 86.8% |
Posted by AK71 at 11:25 AM 24 comments
Labels:
Dynasty REIT,
FA,
PCRT,
RHT
A new business trust to be listed soon in Singapore, it seems.
Religare Health Trust, which will own assets managed by Indian hospital group Fortis, is offering an indicative yield of 8.5% to 9% for its initial public offering that could raise as much as $500 million. The units offered will comprise about 70% of the total, the source added.
The listing is planned in the third week of October, sources said.
Religare Health Trust has a mandate to invest in medical and healthcare assets and services in Asia, Australasia and emerging markets, Fortis Healthcare has said previously.
Source: REUTERS
Fortis Healthcare is controlled by billionaire brothers Malvinder and Shivinder Mohan Singh. |
Posted by AK71 at 4:35 PM 39 comments