CapitaRetail China Trust 2018 Q3 Result

CapitaRetail China Trust (CRCT) Q3 results give a few positives. This show that China's domestic consumption is strong as the middle income grows. Results also show rise in shopper traffics and sales of tenants. DPU increase 1.7% Y-on-Y, YTD DPU of 7.8cents present a 7.7% yield at the price of $1.36. Debt has been refinance and hence no refinancing needed till 2020. Rental reversion Rental...

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StarhillGbl Reit FY2018/2019 Q1 Results

I was skeptical that the AEI can contribute much to the DPU. Q1 StarhillGbl Reit FY2018/201, DPU drop 4.2% to 1.15cents Y-on-Y. Some people mentioned that its an increase Q-on-Q. However, past years DPU shows that Q1 always give out higher DPU and Q4 the least. Hence we cannot compare Q-on-Q. Upon facing more decline in DPU, StarhillGbl Reit also has more than 1/4 of its lease expiring...

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IGG Inc: Owning A Game Company Just Got Complicated

This write up is overdue as I bought IGG in May 2018. Owning a game company just got Complicated due to China's freeze in new game approval. As a gamer and now an investor, owning piece of a game company is a great idea, since I can't make or work in one. I have looked around US and Japan. I probably miss some companies in my watch-list but not all game companies are doing great (sega, konami,...

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Looking at Frasers Commercial Trust

I have been eyeing on Frasers Commercial Trust(FCOT) for awhile since I divested CapitaCommercial Trust back in 2017. However the news of Hewlett-Packard moving out of FCOT hold me back. I was informed recently that my office is moving to Alexandra Technopark.  This prompt me to take a fresh look on the REIT. Alexandra Technopark I believe Hewlett-Packard risk has been fully priced in....

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Owning Infrastructures: Beijing Capital Int'l Airport

An Edge Singapore article " Airport a proxy to Asia's rising middle class" sparked my interest in the airport business. (You can read a short Edge article here). If only Chang Airport is listed, I will definitely invest, a better option than SIA and maybe SATS.  The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of...

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