There are quite a few Re-balancing going on  before Indian Variant Covid wave hits our shores.1. Moving some shares from CICT to FCT. My Rationale is that Suburb will do much better in the long run to ride over Mall impact with recent outbreak. This is the second time I reduced my stake in CICT but for different reason. The result did not meet my expectation when price level was at 2.27. FCT

1.  SPH Reit  --  12th Jul 2021  (Business Update)2.  Mapletreelog Trust  --  19th Jul 20213.  SPH  --  19th Jul 2021  (Business Update)4. Suntec Reit  --  22nd Jul 20215.  Frasers Centrepoint Trust  --  22nd Jul 2021  (Business Update)6.  SATS  --  22nd Jul 2021  (Business Update)7.  MapletreeCom Trust  --  23rd Jul 2021  (Business Update)8.  SIA Engg  --  23rd Jul 2021  (Business Update)9.  Keppel DC Reit  --  26th Jul 202110.  Keppel Pac Oak US Reit  --  26th Jul 202111.  Mapletree NACT  --  26th Jul 2021  (Business Update)12.  Keppel Reit  --  27th Jul 202113.  MapletreeInd

 I wrote about CapitaLand’s restructuring awhile back, taking a more qualitative approach to understand CapitaLand Investment Management’s (“CLIM”) business. This follow up post discusses how I would value CLIM, based on a sum of the parts (“SOTP”) analysis of its three main revenue sources – 1) Value CLIM’s stake in its REITs and Private Funds, 2) Value of Investment Properties, and 3) Value of Investment Management and Property Management Platform. The SOTP analysis would give us the implied intrinsic value of CLIM, and if we were to compare that against the deal on the table now, which includes CICT shares as well as a cash portion, we can then decide whether it presents a compelling opportunity. Capital Structure of CLIM Firstly, based on the restructuring announc

 Capitaland (“CAPL”) announced that it would undertake a restructuring exercise, splitting its development arm from its investment management arm. Its development arm would be taken private, while its investment management arm would remain listed as Capitaland Investment Management (“CLIM”). This post would summarise my thoughts on this restructuring exercise, as well as my take on how we should value CLIM going forward. My general take on this deal is that it is the right strategy for CAPL to restructure its business. Property development is exposed to market cycles, regulatory action and other factors, whereas the investment management arm can expect to see more stable recurring revenues in the form of management fees and dividends from its stake in the various Reits. In fac

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 849.11 to 868.08 (2.23%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 880. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 880. Previous chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on June 6, 2021. Fundamental Analysis of 39 Singapore REITs The following is the compilation of 39 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. N

Whether you are a new or experienced investor, Exchange-traded funds (ETFs) are a great way to get investment exposure in the financial markets. A single investment into an ETF will allow you to gain exposure to multiple stocks that the ETFs invest in. This not only provides investors with immediate diversification in their portfolios, but it is also cost-efficient to build and manage their portfolios as most ETFs charge a total expense ratio of less than 1% per annum (p.a). With more than 30 ETFs listed on the Singapore Exchange (SGX), Singapore investors have sufficient choices to invest in various markets through ETFs on SGX. In this week’s edition of 4 Stocks This Week, we look at 4 ETFs on SGX that Singapore investors can invest in the gain exposure in different markets. Read Also:

“Bull markets are born on PESSIMISM, grow on SKEPTICISM, mature on OPTIMISM and die on EUPHORIA.”, this is the Best Golden Rule of Sir John Templeton, founder of famous Templeton Funds, indicating management of human emotions is key for success in investment. This is aligned with another famous saying by Warren Buffett:  “Be Greedy when others are fearful. Be fearful when others are greedy“, which could be summarized simply as the universal law of “Buy Low Sell High“. Everyone would agree the above 3 Golden Rules to make money in investment, but they are qualitative in nature (eg. how low is low, how high is high). In the practical investment world, how to do it exactly, would need a quantitative method such as Dr Tee “Ein55 Optimism” to

Over the past 1 year of pandemic, Dr Tee has shared with Ein55 graduates, forum readers and public webinars audience on this giant healthcare stock, Q&M Dental Group (SGX: QC7) with at least 3 articles and multiple comments regularly, witnessing surging of share prices from low Ein55 Optimism of $0.40+ share price to breaking above $0.50+/share resistance, predicting the fair value with Ein55 Intrinsic Value of $0.70/share, today is already $0.80/share (about 70% to 100% profits if an investor could buy & hold for over 1 year), moving towards next target of greedy price of high Ein55 Optimism at about $1/share.Let’s learn from Dr Tee on this journey of making money and how to take action from now, assuming today is the first time you read Dr Tee educational article on global

In this Dr Tee 1.5hr video education (Free Ride on 10 Singapore Bull Market Stocks), you will learn:1) Singapore and Malaysia Stock Market Outlook 2021/Q32) Long Term Investing on 3 Singapore Giant Stocks: – The Hour Glass (SGX: AGS) – Thai Beverage (SGX: Y92) – Raffles Medical Group (SGX: BSL)3) Short Term Trading on 3 Singapore Giant Stocks: – PropNex (SGX: OYY) – Union Gas Holdings (SGX: 1F2) – Cortina Holdings (SGX: C41)4) Bonus Stock Diagnosis for Audience Q&A on 4 Singapore Giant Stocks: – Yangzijiang Shipbuilding Holdings (SGX: BS6) – Tuan Sing Holdings (SGX: T24) – OCBC Bank (SGX: O39) – Wilmar International (SGX: F34) Learners of earlier Dr Tee videos could have profit

Seasonality or Monthly Effect (stock index vs month/year) is strong for months of May and August for Singapore stock market, especially 30 STI component stocks. This is mainly related to Ex-dividend dates for 30 STI in Singapore but may not apply to smaller cap giant stocks which continue to be bullish in month of May. Learn further from Dr Tee on details of this unique Singapore stock myth.For recent May 2021, STI ends with only 1+% lower but still it is a mini “bear” month, aligning with myth of “Sell in May and Go Away“. As we could see from the Seasonality Chart (2009 June – 2021 May) for Singapore stock market, over the past 12 years, for the month of May, 10 years were down (including this month, May 2021), only 2 years were bullish. For month of Au

Congratulations to readers who have taken action on The Hour Glass (luxury watches stock, SGX: AGS) as Dr Tee has shared this giant stock in several educational posts over the past 1 year. The profit is nearly 50% from $0.80 (breakout) to $1.18 today.In the earlier educational article on 100 Singapore Dividend Stocks (Mar 2021), Dr Tee shared the intrinsic value of The Hour Glass is about $1.20, now the price has surged to $1.18. It could have more upside but requires market greed to drive it to higher optimism. This is value investing, buy the right stock and right price, just wait patiently for the fruit in 2 targets: intrinsic value and also possible higher optimism price target.As shown in Optimism Chart, The Hour Glass was still low optimism a few months ago, having 2X upside pot

When it comes to investing in stocks, some investors may prefer to invest in small-cap companies as they believe that it gives them the chance to invest in potentially undervalued companies. For the uninitiated, the FTSE ST Small Cap Index is one of the six FTSE ST Index Series. The index is weighted based on market capitalisation and it tracks the performance of small capitalised SGX listed companies. Currently, it accounts for about 12% of SGX market capitalisation. Despite the challenges of COVID-19 resurgences in the region including Singapore’s Phase 2 (Heightened Alert), the FTSE ST Small Cap Index has generated a 4.8% total return thus far in 2Q2021 (as of 4 June 2021). During the same period, the Straits Times Index (STI) saw a return of 0.7%. In this week’s edition of 4 Stocks

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 865.91 to 849.11 (-1.94%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on May 4, 2021. Fundamental Analysis of 39 Singapore REITs The following is the compilation of 39 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: Soilbuild Business Space REIT (SV3U) has been delisted. Note 2: The Financial

Happening on the 15th and 22nd May 2021, REITs Symposium is into its 7th edition. Across 2 days, we will unveil the developments and opportunities in the REITs Industry. Gain insights into Singapore REITs, and engage with a panel of speakers which include REIT CEOs. Register for free now!     Technical Analysis of FTSE ST REIT Index (FSTAS8670) At the point of writing, the chart of FSTAS8670 is not available on multiple charting platforms. However I am able to find another ticker (FSTRE2000) from MarketWatch. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 859.68 to 865.91 (+0.72%) compared to last month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediat

CapitaLand Limited is one of Asia’s largest diversified real estate groups, owning and managing a global portfolio worth about S$132.5 billion (as at 31 December 2020).  CapitaLand’s portfolio spans across real estate classes which include commercial, retail, business parks, industrial and logistics, integrated development, urban development, as well as lodging and residential.  During the 2021 AGM, CEO Lee Chee Koon reviewed the Group’s financial and operating performance, ongoing transformation efforts, and addressed CapitaLand’s proposed restructuring via a prerecorded video. A live question and answer webchat was also conducted, with the chairman and CEO answering related questions to proposed resolutions. At the AGM it was also announced that Chairman Ng Kee C

The COVID-19 pandemic is a once-in-a-century event, bringing about far-reaching effects on a global scale, disrupting lifestyles, businesses, international supply chains and travel. The Straits Times Index (STI) fell 24% in March 2020 and Singapore’s GDP contracted 5.4% for the year. Likewise, Singapore REITs were among the hardest hit — the iEdge S-REIT Leaders Index crashed 29% in March last year as the pandemic worsened and Singapore experienced its first lockdown. But the effects of COVID-19 impacted — and will continue to impact — each Singapore REIT sector differently. And will the recent Phase 2 (Heightened Alert) measures bring Singapore REITs back to square one? In this article, we look at the longer term trends and developments investors need to be awar

1. SPH Reit  --  29th Mar 2021 2. SPH  --  30th Mar 20213. Kep Infra Trust  --  19th Apr 2021  (Business Update)4. Kep Pac Oak US Reit  --  19th Apr 2021  (Business Update)5. Kep DC Reit  --  20th Apr 2021  (Business Update)6. Kep Reit  --  21st Apr 2021  (Business Update)7. Mapletreelog Trust  --  21st Apr 20218. Kep Corp  --  22nd Apr 2021  (Business Update)9. MNACT  --  22nd Apr 2021  10. Frasers Cpt Trust  --  23rd Apr 202111. Parkway Life  --  23rd Apr 202112. Ascendas Reit  --  23rd Apr 2021  (Business Update)13. CICT  --  26th Apr 2021  (Business Update)14. Starhill Global  --  26th Apr 2021 

With Singapore reverting to a “Phase 2 (Heightened Alert)” to curb the spread of COVID-19, the office and hospitality REITs look to be some of the biggest losers in the stock market. As of this article’s writing, the largest office REITs in Singapore have all traded down relatively sharply when the latest announcement was made on 14 May 2021. Local investors must now be wondering if this is a good time to buy a larger chunk of Singapore Office REITs or whether deeper price cuts will occur going forward. Read Also: 4 Stocks Affected By Phase 2 (Heightened Alert): Sheng Siong (OV8); UG HealthCare (8K7); SIA (C6L); CapitaLand Integrated Commercial Trust (C38U) The logic of asking this question is straightforward. Investors typically aim to buy at a good value (for the right companies) w

30 STI index stocks represent the overall Singapore stock market performance. The list is dynamic, recent new comers are Keppel DC Reit (replacing SPH) and Frasers Logistics and Commercial Trust (replacing Jardine Strategic Holdings). During the COVID-19 stock recovery, there is a sector rotation, investors start to pay more attention to cyclical stocks (eg. bank, properties and transportation sectors, etc), which are main businesses of 30 STI stocks. In this article, you will learn from Dr Tee on the Latest 30 STI Index Stocks Strategies, some may be considered for longer term investing and / or short term trading with COVID-19 recovery stock rally. Bonus for readers who could read every words of the entire article, learning unique strategy to position in 30 STI Index stocks for b

On 14 May 2021 (Friday), the Singapore government announced further tightening measures as COVID-19 community cases in Singapore continue rising over the past few weeks. From 16 May 2021 to 13 June 2021, Singapore will go into Phase 2 (Heightened Alert). As written in a DollarsAndSense Business article, these measures take us into a quasi-Phase 1 environment. Similar to Circuit Breaker and Phase 1, dining out will not be allowed, visiting of homes are capped at just two visitors per day while workers are, by default, supposed to work-from-home even though offices are technically still open. Not surprisingly, the financial market in Singapore took a beating due to the announcement. The benchmark Straits Times Index (STI) dropped by about 2.1% on 14 May 2021. As some of us may have known f