Tea with AK71: Visit a sky garden.

In the last few years, sky gardens have become the rage or at least I think so. Many condominiums also have sky gardens these days and they are apparently good selling points.

The very enterprising Marina Bay Sands even charge a fee to enter their sky garden (aka SkyPark) which is probably the tallest one in Singapore at 200m above ground. Personally, I wouldn't bother paying $20 just to gain entrance.

If we want to experience a sky garden, try the one at the National Library in Bugis. I was there recently and I really like it. No entrance fee too.

I like this. Creepers growing up some pillars which reminds me of a jungle.

Pandan! This spot smells really nice and will probably stay roach free!

If you like nature but are asthmatic like me, you will like this place.

I used to have a pot of Aloe Vera at home, if you remember. ;)

Open seven days a week, this is one sky garden all of us can enjoy for free.

A view of the Hotel Inter-Continental and Illuma Shopping Mall from the garden.

Go visit and see for yourself. Have a good weekend. :)

P.S. All photos taken with my trusty Samsung mobile phone, which, by the way, is also free, or have I said this before? ;)

You might want to read these:

Tea with AK71: Aloe Vera flowers?

Tea with AK71: My Samsung mobile phone.

Cambridge Industrial Trust: Worth another look.

I was looking at Cambridge Industrial Trust's latest presentation slides. It could be worth another look as its income could bump up quite meaningfully in 2012 and 2013.

Latest numbers:
Gearing: 33.1%
(No refinancing due till 2014.)
NTA/unit: 61.7c
Interest cover ratio: 5.1x
DPU: 1.082c

What I find attractive:
1. Built-To-Suit Project at Tuas View Circuit. Completion by 3Q 2012.
2. Built-To-Suit Project at Seletar Aerospace Park. Completion by 3Q 2013.
3. AEI for 30 Toh Guan Road. Completion by 4Q 2012.
4. AEI for 88 International Road. Completion by 4Q 2013.
5. AEI for 4 & 6 Clementi Loop. Completion by 4Q 2012.
6. Proposed acquisition of 25 Pioneer Crescent.

With gearing level at 33.1%, the Trust has ample debt headroom to finance items 1 to 5 if the management should decide to take on more debt. This would mean greater distribution yield accretion.

Item 6 is to be financed with internal cash resources which means gearing level will not go up and the purchase will be distribution yield accretive, everything else remaining equal.

Buying now at 46c per unit will give a distribution yield of about 9.4%. Even with all the initiatives announced, I would like to see this yield going nearer to 10% before increasing my investment in the Trust.

See presentation slides here.

Capitaland, CapitaMalls Asia and NOL: Closing charts.

CAPITALAND

Volume increased over the last session but the bulls were not strong enough to have the share price close above the 50dMA. Closing at $2.52 is where we find resistance provided by the declining 50dMA.

Although price did touch a high of $2.56, forming a white spinning top suggests indecision and is a sign of weakness.

The counter has, in the meantime, broken out of its immediate downtrend. Immediate support is provided by the flat 20dMA at $2.49.

CAPITAMALLS ASIA

CapitaMalls Asia's chart looks more promising. Another white candle was formed today on higher volume. $1.25 could be resistance turned support.

Further upward movement in price could see the gap at $1.33 filled. Immediate support is at $1.25.

NOL

Although a black candle was formed today on relatively higher volume, there is reason to be optimistic. Why?

The decline in price only travelled halfway down the white candle from the previous day. This suggests that the bears were lacking in conviction and there were enough buyers to keep the share price from falling too much.

A decline to immediate support at $1.125 could see more buying momentum.