REITs are a favourite investment for Singapore investors. They payout 90% of their income as distributions, thus giving investors a relatively good yield on their investment. Being property-driven investments, we can also see its allure among Singapore investors. In the early part of 2020, REITs prices crashed along with many global investments when COVID-19 uncertainties were at its highest. In the table below, we can see that from the start of the year to its lowest point in mid-March, prices dropped close to 35%. It has since rebounded strongly, but still losing over 6% of its value in the year-to-date 2020. Source: SGX While this represents the entire REIT market in Singapore, there are still individual REITs that have performed better – especially since the recovery of hospitality

Global Investments Limited ("GIL") has maintained its net asset valuation per share which hovers around S$0.1832 as at 30 September 2020. For October'20 and November'20, its stock price has also remained stable despite the recent market turmoil where most stocks plummeted, largely due to the daily share buy-back exercise.  The accounting for its investments are also marked to fair market value. Hence at market price of S$0.137-S$01.39 per share, this represented a discount of between 24% to 25% to its most recent fair valuation of S$0.1832. Based on total dividends of S$0.009 for this year, the dividend yield from holding GIL at S$0.138 (as at 13 Nov 2020 market price) is about 6.52% per annum with a potential capital upside of 24%-25%.Risk Area to Note:The bulk of the investment

Global Investment Limited ("GIL") share price has surprisingly recovered back to its pre-March 2020 crash level. This means that its share price performance seems to have outshone the STI which is amazing. The Net Value Asset per share of GIL is around S$0.187 per share. Its latest share price of S$0.137 per share as at 9 July 2020 represented a discount of 26.7% given that most of its financial assets are already fair valued through profit and loss. 1. Contingent convertibles (CoCo) made up the bulk of GIL's investment portfolioThe bulk of the investment of GIL are held in the higher risk asset class of Bank Contingent Convertibles (CoCo). Coco is a fixed-income instrument that is convertible into equity if a pre-specified trigger event occurs. CoCo is actually a creature created to