1.  SPH Reit  --  1st Apr 20222.  Kep Infra Trust  --  18th Apr 2022  (Business Update)3.  Kep DC Reit  --  19th Apr 2022  (Business Update)4.  Kep Pac Oak US Reit  --  19th Apr 2022  (Business Update)5.  MNACT  --  19th Apr 20226.  Kep Reit  --  20th Apr 2022  (Business Update)7.  MapletreeCom Trust  --  20th Apr 20228.  Kep Corp  --  21st Apr 2022  (Business Update)9.  ParkwayLife REIT  --  22nd Apr 2022  (Business Update) 10.  MapletreeInd Trust  --  26th Apr 202211.  CapitaLand China Trust  --  26th Apr 2022  (Business Update)12.  Sheng Siong  --  26th Apr 2022  (B

The STI gained 6 points or 0.17% at 3,419.11 The gain came despite a negative external backdrop Keppel O&M and Sembmarine need more time to merge Yangzijiang was in play after capital injection into proposed spin-off SPH to cease trading on 7 April, to be delisted on 13 May Aviation activity to return to pre-pandemic levels by late 2024: UOB-Kay Hian US Treasury yield curve inverted after strong jobs report The STI held firm, possibly boosted by the reopening of the economy Despite no signs of when the war in Ukraine might end and notwithstanding concerns over high oil prices and the US Federal Reserve’s determination to raise interest rates aggressively this year, the Straits Times Index this week held its ground, rising a modest 6 points or 0.17% to 3419.11. A big part of this g

1.  SPH REIT  --  7th Jan 2022  (Business Update)2.  Keppel DC Reit  --  24th Jan 20223.  Parkway Life  --  24th Jan 20224.  MapletreeInd Trust  --  25th Jan 2022  5.  Keppel Reit  --  25th Jan 20226.  Frasers Cpt Trust  --  25th Jan 2022  (Business Update)7.  Starhill Global  --  25th Jan 2022 8.  Keppel Infra Trust  --  26th Jan 20229.  Keppel Pac Oak US Reit  --  26th Jan 202210.  Suntec Reit  --  26th Jan 202211.  MapletreeCom Trust  --  26th Jan 2022  (Business Update)12.  Keppel Corp  --  27th Jan 202213.  MNACT  --  27th Jan 2022  (Business Update)14. 

SIA Engineering (SIAEC), together with its parentco, has been badly hit by the pandemic. Its share price collapsed from S$3-4 levels to S$2-2.5 today. Years ago, I wrote an analysis with a bear case scenario that determined that the intrinsic value should be S$3.5 given that it will still earn S$200m of free cashflow (FCF) annually in a "downturn". My bull case has an intrinsic value of S$5 supported by annual free cashflow of S$250-350m!SIA Engineer's five year share priceWell, the pandemic threw everything out of the window. SIAEC went into losses last year although it did continue to generate FCF, amazingly. This was S$150m in FY2020 (not to far off from my S$200m!) and S$80m for the first half of FY2021. So if we can get pandemic out of the way in 2022, then this can really be an inter

Working >50% time at home with minimal social gathering and meet-ups with friends, 2021 sped by like a rocket.  I am not an artistic person and never imagine that I will be doing ART every week...(before going back to office).Stayed in hospital for a week (not covid).  This was a wake-up call for me. I start exercising 4-5 days a week, when not going back to office. Do feel improvement in personal health and fitness.  Well, time to do a final review on my portfolio's performace in 2021.Top 30 positions of my portfolio at end 2021:1. SGX2. ParkwayLife Reit3. UOB4. Keppel DC Reit5. OCBC6. FCT7. Frasers L&C Tr8. AIMS APAC Reit9. CapitaLand I Comm Tr10. Mapletree Com Tr11. Mapletree Indust Tr12. Ascendas Reit13. Keppel Corp14. SPH Reit15. Suntec Reit16. CDL HT

Signs that Omicron may not be that virulent helped push the STI up Wall St hit a new all-time high on Friday despite strong inflation data Volume here was weak, averaging just over S$1b daily Traders also watching China Evergrande after Fitch report Travel, aviation, hospitality and healthcare stocks were in play DBS: “reopening stocks’’ may be close to their bottom Keppel shareholders vote in favour of SPH acquisition As Omicron fears fade, stocks recovered The Straits Times Index rose 34 points or about 1.1% to 3,135.61 last week, helped by a firm Wall Street that rebounded strongly on early indications that the Omicron variant of Covid-19 may be less deadly or dangerous than first thought. On Friday, the S&P 500 closed at a new all-time high of 4,712 despite the release of

The STI lost 157 points or about 5% at 3,041.29 for the month In early Nov, the outlook was positive as the index crossed 3,200 Most of the selling came in final 3 days after discovery of Omicron Wall St’s plunges were accentuated by Powell’s testimony about tapering Transport and hospitality stocks took a beating, healthcare counters benefited The tussle for control of SPH heated up with counter offer from Cuscaden Peak A strong start – but a weak finish On the first trading day of November, the Straits Times Index rose smartly to regain the 3,200 level that it had just lost a few days earlier. Hopes were high that the upward momentum and the crossing of 3,200 would enable the index to push ahead and, with the re-opening of economies everywhere together with the relaxation of mea

1.  SPH Reit  --  4th Oct 20212.  SPH  --  5th Oct 2021 3.  Ascendas Reit  --  19th Oct 2021  (Business Update)4.  CICT  --  22nd Oct 2021  (Business Update)5.  Kep DC Reit  --  25th Oct 2021  (Business Update)6.  Mapletreelog Trust  --  25th Oct 20217.  Kep Reit  --  26th Oct 2021  (Business Update)8.  MapletreeInd Trust  --  26th Oct 20219.  First REIT  --  26th Oct 2021  (Business Update)10.  CapitaR China Trust  --  26th Oct 2021  (Business Update)11.  Kep Oac Oak US Reit  --  27th Oct 2021  (Business Update)12.  Frasers Cpt Trust  --  27th Oct 202113.  MapletreeCo

The STI rose 147 points or 4.8% to 3,198.17 Its closing high for the month was 3,218 on Wed last week Volume remained mediocre, averaging just above S$1b daily Banks were the main drivers, Jardine stocks also New travel lanes meant aviation, hospitality stocks were in play MAS maintained its 6-7% GDP growth forecast for 2021 Rival offer tabled for SPH; bidding war possible Wall St continued to rise to new highs, shrugging off various concerns China’s slowdown could be a worry STI regained 3,100, then 3,200 but slipped to close at 3,198.17 From a technical point of view October appeared to be a decent month given that the Straits Times Index gained 147 points or about 4.8% to break above 3,100 and then almost stay above 3,200 when it ended Friday at 3,198.17 after earlier closing at 3

The Straits Times Index gained 2% last week at 3,173.91 Travel and hospitality stocks in play as new travel lanes announced Early Wall St jitters because of oil spike were replaced by optimism from corporate earnings US FOMC minutes: tapering might start in Nov or Dec SGX: Interest rate expectations underpinned banks outperformance Bitcoin surged above US$61,000 on ETF optimism October is shaping up to be much better than Sep September was not a great month for local stocks, but October is shaping up to be better, judging by the performance over the first two weeks. After gaining 2% in the first week to settle above 3,100, the Straits Times Index last week added another 2% with a 61-points rise to 3,173.91, thanks mainly to more signs of economic reopening as well as a benign Wall Stree