Market malaise and First REIT.

I guess it is safe to say we can take the whole week off and we would not be missing anything. The STI rose 15.56 points on thin volume (total value of S$559.8m) to close at 3,159.36. Thankfully, I was rather busy at work today. Otherwise, I might have been quite bored.

So, what am I looking at in the stock market now? Apart from thinking of what would I be doing in 2011, nothing much. Actually, I have started writing but I am still adding some finishing touches to the blog post. I would definitely put it up before the end of the week. Look out for it.

However, there is one counter that is on my mind: First REIT. It would complete issuance of the rights units (including excess rights) on 30 Dec (Thursday) and the rights units would start trading on 31 Dec (Friday). At an exercise price of only 50c, successful applicants of excess rights would make approximately 40% capital gain immediately!

STI gains 0.5% to close at 3,159.36. Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
Monday, 27 December 2010

© 2010 - The Edge Singapore

Related post:
First REIT: Dragonfly doji at 71c.

MERRY CHRISTMAS!

A photo of the Helix Bridge I took a few evenings ago as I took a walk from MBLM to Millenia Walk. Yes, it was a long walk but it was a cool evening. I rather enjoyed the walk. :-)

See the Singapore Flyer in the background on the right?  I am quite proud of this photo taken with my free Samsung mobile phone's built in 5 megapixel camera. ;-p

Merry Christmas to one and all!