Tea with AK71: My Samsung mobile phone.

I have shared on my blogs some photos taken with my trusty Samsung mobile phone camera. Some readers have asked me for the model number of my phone as they would like to get one too. I looked but there is no model number stated on the phone. It just says "5.0 Mega Autofocus" on the back.

How did I get this phone? Well, my sister was wondering what to get for my birthday in 2009 when I suggested that she get a free phone from her telco when she re-contracted that year. That phone was my birthday present.

For those who are still interested in getting the same phone I have, here are some photos of the phone. I borrowed a digi cam to take these. I hope these photos help in your search. Waiting for a white color iPhone4? My phone is white too!

Oh, the picture of the back of the phone has a piece of paper which was intentionally placed there to block a sticker on the phone. My little secret. ;-)

Tea with AK71: Powered by nature.

These are structures placed directly at the MBLM exit fronting Marina Bay on the ground level:

A wind powered sculpture that lights up at night. This is really beautiful and I should take a picture of it at night next time.

Solar powered fans in stylish shelters. A really cool idea!

I am always happy to see efforts at generating clean energy. I guess we must not lose hope.

LMIR: 4Q FY2010 results.

I could take my last blog post on LMIR, substitute some numbers and that's the end of it. There is really nothing exciting or new to say about this REIT. It also continues to disappoint in its lacklustre distributable income. Let's give it a try. See changes in bold dark blue color:

Distributable income at $12.029 million. DPU at 1.11c is higher than the 1.09c in the last quarter. This represents a marginal increase of 1.8% over the previous quarter.

Unfortunately, the management lost $2.3m in foreign exchange forward contracts. Without these contracts, the distributable income would increase by 19.18%!

OK, that was easy. Some numbers:

Gearing: 10.3%
NAV/share: 83c
DPU for FY2010: 4.44c

It is interesting how the management left out the DPU for FY2009 in its presentation slides which was 5.04c and that happened on the back of much lower revenue of $85.758m. Gross revenue bumped up 50.9% in FY2010 and yet the DPU reduced by 12%. Am I missing something here? Great potential but a poor management? A rhetorical question, perhaps.

Borrowing the words of OCBC Research:
The manager attributed (the falling income distributions, year on year) to the appreciation in the IDR, which has caused the gap between the hedged rate on distributions and the physical rate to reverse unfavorably...

Still, it is a rather safe investment for anyone who is investing for income. This is its only redeeming quality.

Read announcements:
Unaudited financial statements.
Presentation slides.

Related post:
LMIR: Foreign exchange forward contracts.

CapitaMalls Asia: Buy signal.

CapitaMalls Asia has a buy signal on the MACD histogram. A white candle without an upper wick was formed today on slightly higher volume as price closed at $1.96 and this has a bullish tone.

The MACD has been forming higher highs and is rising in positive territory. The MFI has formed a higher low as it broke resistance at 50% to move higher. Since 17 Dec 2010, the OBV has been moving higher although in a choppy manner. So, there is continual accumulation.

The 20dMA at $1.93 is resistance turned support and we could see price move higher.  Immediate resistance is at $2.00 which is where we find the upper Bollinger band and $2.03 which is defined by the third downtrend resistance line drawn from the high formed on 6 Oct 2010.

Breaking $2.03 on high volume could see the counter moving higher but bearing in mind that the longer term downtrend is still intact, I would rather err on the side of caution and divest most of my long position at resistance levels identified. Where is the longer term downtrend resistance line now? At approximately $2.14.

Related post:
CapitaMalls Asia: Moving higher?