Ascendas Hospitality Trust
My favorite pick. Read all about it. Forward yield of 7.5% at current price of S$0.77. Have no reason for it price to drop.
Frasers Commercial Trust
HP vacated part of its office at Alexandra TechnoPark (ATP) in FYQ4 2017 and FYQ1 2018. DPU maintained at 2.40 cents since. HP to fully vacated ATP by Sept 2018. Assuming with AEI and rental space back-fill improves, 2.40 cents should maintain. which give a 7.05% yield at a price of $1.36. with up to 10% MOS. TP is S$1.23 to S$1.29.
StarhillGbl Reit
On my last take on StarhillGbl Reit, yield is at 7.27% with a price of S$0.65, estimate DPU of 4.73 cents adjusted for possible DPU reduction and effects from AEI. If I demand a 7% yield with up to 10% MOS. TP is S$0.61 - S$0.675.
Sasseur Reit
Go into outlet retail growth in china as middle class grows. China being so big should have no issue to grow as big as US/EU. Estimate 6 cents DPU from FY2019, current yield 8.1% at a price of S$0.74. Current trend is bearish, price been tanking since IPO. Another 10% MOS will be S$0.675
Capitaland Retail China Trust
Singapore Retail Segment is facing headwinds from online shop, most mall now have cater to more F&B outlets. However China's retail segment has a better prospect as middle class grows and spend more. From the past 1st Quarter results, the recent placement (an increase of 10% shares) has diluted the DPU. the current DPU is supported by the capital distribution from a portion of the gain from the disposal of Anzhen. Probably why the price tanked since FYQ4 results was released
Forward looking: The Joint venture acquisition of Rock Square reported renewal revision of more than 20%. More than 50% of expiring leases are expect to renew from 2018 to 2020
M1
M1 drops further. And while everyone joked about it falling to S$1.68 in forum and social apps, most are just joking but the price high a new low of S$1.51, giving a yield of 7.55%. Price had since rebounded. But I doubt it is the end of it as TPG launch is approaching. dividend of 15.3 cents in 2015 has drop to the current 11.4 cents, that is a 25.5% over 2 years.
At its peak on 22/2/2015 of S$3.96, dividend was 18.9, 4.7% yield. The price was pushed up by the increase in dividend, obviously M1 will not be able to payout that amount anymore. Price of course has come down and are still being corrected. We would need to see a stabilize dividend and that is not gonna happened until we see how TPG will impact its profits.
Demanding a 7% yield, TP will be at S$1.62. assuming profit to be further hit 25% for the next 2 years. with a MOS of 25% to 30%. TP S$1.14 to S$1.22. Historically, M1 yield range from 4.3% to 7.1% (AR 2017). So it won't be unreasonable for M1 to have a price giving a yield of 4 to 5%.
UMS Holdings
Their Strong FCF still stands, promising the same amount of dividend will be of no issue, for the last 8 years. The world is going into the era of IoT. As these item become part and parcel of our life, it would not go away. Demand will soar and more tech products will be produced. Just like the internet did. Main customer Applied materials has been growing in double digit, this will create more demand from them.
With a dividend of 6 cents, give a yield of 7.19% at a price of $0.835. This is quite a nice price to get some.
