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

The Straits Times Index added 48 points or 1.8% at 2,652.94; Hong Kong property play helped keep sentiment here firm; US jobs report supported stocks, but record virus infections put pressure on bond yields; Singapore market’s capitalisation rose 2.1% in June to S$761.6b; Singapore companies bought back S$663m in the first half; Analysts see limited STI upside for remainder of year and next 12 months   A firm start to the second half The second half got off on a firm footing as the disconnect between the economy and the market which has prevailed for several months continued to hold sway. There was also added impetus on Thursday when the Hong Kong market shot up in speculation that property developers would benefit from new security legislation. Over in the US, Wall Street remain

The first half of 2020 has seen volatile swings in the stock prices. From continuing to grow at the start of 2020, to plunging on the back of COVID-19 uncertainties, to rebounding to close to 2019 levels. Going forward, much uncertainty about the economy remains. This can have unpredictable effects on companies in both the short- and long-term. However, companies will know better than any retail or even institutional investors how well they are actually doing. While companies can just say they believe in their business resilience or that their share price is undervalued, one way to signal that is the case is by conducting share buybacks. Read Also: Share Buybacks: What It Means And How It Impacts Investors In the first half of 2020, 81 Singapore primary-listed companies conducted share buy