Help Japan and donate generously.

Eating emergency rations in shelter.

In life, sometimes bad things happen. I had a couple of things that went wrong at work today and was feeling somewhat grouchy but they are so insignificant compared to really bad things that could happen in life. How many truly holy and selfless people do we know?

In the aftermath of the earthquake and tsunami that rocked Japan, I watch scenes of destruction and misery on the TV and YouTube. My heart aches and I want to contribute to the aid efforts. I was advised to wait for an official donation line that would benefit the victims in Japan directly. One such line is now available at the Singapore Red Cross:

A child at an evacuation centre.

How we can help?

The Singapore Red Cross is accepting monetary donations towards this disaster. Donors may do so with the following:

Cash Donation :

For walk-in donations, the SRC is open during the hours:
Mondays to Fridays 9.30am-9pm,
Saturdays, Sundays and Public Holidays 9.30am – 6pm.

Address: 15 Penang Lane, Singapore 238486.

Cheque Donation:

Cheques to be made payable to the “Singapore Red Cross Society” At the back of the cheque, please indicate:

i) Name
ii) IC/Passport No.
iii) Address and Contact Number
iv) “Japan Disaster 2011”

SMS Donation

Donors may donate via their mobile phones to 75772. For every sms, S$50 will be donated to the “Japan Disaster” fund.

*Please take note that all donations to this disaster are non tax-deductable.

I think the most convenient way to make a donation is by SMS. Since the donations are non tax-deductable, there is no difference whether they have my name and IC number or not.

Please help the victims in Japan. Many have lost their homes and loved ones. Let us help them to overcome the current difficulties and aid their efforts in rebuilding their lives.


Watch this video:


This is a sincere appeal and please accept my heartfelt thanks for your compassion and generosity.

You may visit the website of Singapore Red Cross here to verify the information given above.

Japan disaster: dead, missing toll tops 15,000. Read article here.
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Another avenue to make a donation:

I was just doing some internet banking and found that DBS is facilitating donations to the Red Cross Japan Disaster fund and I have made my donation via internet banking. It is really easy for anyone who does ibanking with DBS. In the consumer reference space, fill in your telephone number.

16 Mar 2011 07:55 PM  Singapore

Your transaction is completed. You may wish to print out a copy of this confirmation for your reference. Payee Name RED CROSS JAPAN DISASTER  Pay From POSB Savings ***-*****-* Latest Available Balance ******** Amount S$**** Consumer Reference No. ******** Date of Payment Immediate  Transaction Reference ***********

Step 1: Log in to your DBS/POSB bank account

 

Enter your DBS/POSB internet banking User ID and PIN, and click Submit. Make sure you have your iBanking Secure Device with you. Enter the Secure PIN and click Submit.

Step 2: Go to Bill Payment

Once you're logged in, go to Payment Services and click Bill Payment Select Red Cross Japan Disaster from the droplist

Step 3: Add Red Cross Japan Disaster as a bill payee on your DBS/POSB iBanking account

 

To set up Red Cross Japan Disaster as a bill payee, here's what you'll need to: Enter your telephone number as your Consumer Reference Number Select the bank account you wish to debit your donation from Then, click Submit.

Step 4: Confirm Red Cross Japan Disaster as a bill payee

Saizen REIT: Update on properties in Sendai and insider buying.

"In the areas affected by the earthquake and tsunami, all 6 properties in Morioka and Koriyama, and 17 out of 22 properties in Sendai have been viewed by the property managers thus far, and preliminary reports have confirmed that these properties appear to have sustained only minor damage and to have remained intact.

"To-date, we have not received any reports of tenant casualties, and none of the properties viewed appear to have been vacated.... None of Saizen REIT’s properties are within the current evacuation zone surrounding the nuclear power plant at risk.

"Moody’s Investor Service has issued an announcement today which stated that it sees no immediate impact of the earthquake on Saizen REIT's Caa1 corporate family rating."

Read announcement here.

On 14 March, Argyle Street Management Limited, a substantial shareholder of Saizen REIT, increased its holdings from 14.920 % to 15.036 %  (from 175,048,912 to 176,648,912 units) through open market purchases. Announcement here.

Related post:
Saizen REIT: Staying calm and rational.

CapitaMalls Asia: Japanese properties are safe.

Quite a few people I know have their eyes on CapitaMalls Asia and they are hoping that it would go closer to its NAV/share to buy some or more shares of the company. Its NAV/share is currently $1.50.

There is some concern amongst investors that the company's Japanese properties might have suffered from the quake. The company has released a statement today reassuring investors "the properties comply with strict seismic safety standards and have not suffered any material structural damage".

"CMA’s investments in Japan, which as at Dec. 31, 2010, accounted for approximately 2% of its total assets, are primarily held through its 26.29% stake in the CapitaRetail Japan Fund which owns seven retail properties in Tokyo, Osaka, Hokkaido and Kobe."

Technically, even though price touched a low of $1.57 today on high volume. The volume is relatively lower than 28 Feb when price touched a low of $1.69. This suggests that the weakness is from a lack of buyers and not from an abundance of sellers. I would also look out for positive divergence in the making on the daily chart. The positive divergence on the weekly chart between lower price and higher MFI is still quite obvious.

CapitaMalls Asia at all-time low; the Japanese properties it has investments in “were not materially affected by the earthquake and tsunami which occurred on 11 March 2011.” CMA says the properties comply with strict seismic safety standards and have not suffered any material structural damage, while operations at the properties have resumed.
Tuesday, 15 March 2011

© 2011 - The Edge Singapore

AIMS AMP Capital Industrial REIT: Bought more at 20c.

Back from hot yoga. I think the heat is somewhat challenging. I should try yoga without the "hot" next.  Anyway, time to catch up on my blogging.

Apart from Cache Logistics Trust, I bought some units of AIMS AMP Capital Industrial REIT today at 20c/unit.

Fundamentally, at 20c/unit and a DPU of 2c per annum, I am getting a 10% distribution yield. The manager also released some re-assuring news yesterday:

1. There appears to be no structural damage to the Asahi Ohmiya Warehouse located in Tokyo, Japan, which is located approximately 345 km from the epicenter of the earthquake which struck Japan on Friday 11 March 2011.

2. A sale and purchase agreement was struck on on 21 February 2011 for the sale of the property for a consideration of JPY1.49 billion. Completion of the sale of the Property was originally scheduled to take place today.

3. The Purchaser has no right to rescind the Sale and Purchase Agreement and the completion of the sale of the Property will be rescheduled to the first practicable date following completion of the investigation and any required repairs.
Read announcement here.

This, I believe, is good news as the sale of its Japanese property is something the REIT has been working towards. The apparently good condition of the property after the quake would also mean that the REIT would  not be incurring any hefty repair costs.

Technically, we could see price going lower as the selling down at 19.5c today was quite strong with 6,599 lots sold down at that price. 19c? Possible. Maybe even 18.5c. So, why don't I wait? Well, can we tell for sure if it would go that much lower? I can't. So, I buy some now. In fact, forming a doji today tells a story in which bulls were quite strong at the closing too.

I would also pay attention to the MACD and whether it could form a higher low as price forms a lower low. That would be a positive divergence and could indicate a short term trading opportunity. I have put in a buy queue at 19.5c for tomorrow.

Something on Cambridge Industrial Trust:

Cambridge Industrial Trust rated 'buy' by DMG. Stock trades at 10% FY2011 yield, attractive relative to its peer average of 7.3% and its pre-crisis yield of 6.7%. DDM-based target price of 61 cents. MAINTAIN BUY.
Tuesday, 15 March 2011

© 2011 - The Edge Singapore