Temasek 5 years bond

Temasek is offering 5 years bond @ 2.7%. 

Application is open to public on 17 October to 23rd October 2018 noon time.

Application and Payment Procedures for Retail Investors in Public Offer An application under the Public Offer must be in multiples of S$1,000, subject to a minimum subscription of S$1,000.


Applications under the Public Offer are payable in full immediately, and must be made through: 

ATMs of DBS Bank, POSB, OCBC Bank or UOB; 

Internet banking websites of - DBS Bank at , - POSB Bank at , - OCBC Bank at , or - UOB at ; or  Mobile banking apps of DBS Bank or POSB.

 Retail investors in Singapore will need a CDP account to apply for this bond. Subscriptions under the Public Offer will be subject to balloting and allocation if the total subscriptions exceed the amount available for subscription under the Public Offer. If an applicant under the Public Offer is unsuccessful, in whole or part, for whatever reason, the unsuccessful proportion of the application amount will be refunded without interest.


 More details can be found in “Terms, Conditions and Procedures for Application and Acceptance” in Appendix C of the Pricing Supplement.

Ascendas Reit

I think this is a good solid Reit counter with great sponsor and we'll diversified portfolio consists of Data center, warehousibg, retail and distribution, logistics etc covering Singapore, Australia and UK. 


A-REIT announced private placement of 178 million in September 2018 for new units at $2.54 a piece to raise $452.1 million of proceeds to partly fund the second acquisition in UK and also to fund the development of new built-to-suit (BTS) property in Singapore. Some of the new financing will be used to pare down debt as well.


According to pro forma figures, management expects the acquisitions to lift the distribution per unit (DPU) .

22nd September 2018
Last Friday we have witnessed a wide Bearish bar down 4 cents to close at 2.56 , couple with High volume this is rather bearish.

Short term wise, I think it may likely retest 2.54 then 2.49 with extension to 2.45 level.

 Not a call to buy or sell.

 Pls dyodd.


 Based on A-REIT's own announcement on their rationale for the private placement, it was meant to raise funds for acquisition of a UK portfolio of 12 properties which A-REIT thinks will increase long term distributions for unitholders. The funds raised from private placement was also to be used for a built to suit property development, for repayment of some debts, for reducing their gearing, for setting aside some cash for future acquisitions and also to increase trading liquidity of it's units. It seems that A-REIT has good rationale for doing this private placement.


 I provide a link below for further read on A-REIT's recent private placement.

 Let us see below. Over the past 9 years, A-REIT has grown it's revenue at a CAGR of 9.02%. It has grown it's net property income at a CAGR of 8.72%. It has grown it's distributions to unitholders at a CAGR of 9.27%. It has grown it's value of investment properties at a CAGR of 9.63%.


 "Hot stock: Ascendas Reit units down 2.6% after manager prices S$452m placement at S$2.54 per unit" by The Business Times https://www.businesstimes.com.sg/companies-markets/hot-stock-ascendas-reit-units-down-26-after-manager-prices-s452m-placement-at-s254

UMS

A nice rebound from 64 cents and close well at 69 cents on Friday! Coupled with high volume + filling up the Gap at 68.5 cents looks rather positive!

A Bullish pin bar appeared in the chart + RSI breakout 40 level signify strength!

Short term wise, I think likely to head Higher towards 73 cents then 75 cents .

Not a call to buy or sell.
Pls dyodd.


20th September 2018 After touching the low of 67.5 cents it has manage to reclaimed 70 cents level, looks rather positive!

Yesterday it has managed to close well at 70.5 couple with high volume this is rather bullish!
A bullish pin bar seems appearing on the chart indicating Bull is in control .

Short term wise, I think it may rise up to test 75 cents then 80.

Not a call to buy or sell.

Pls dyodd.

UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. It operates through two segments, Semiconductor and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides water disinfection systems shipment services; and supplies base components to oil and gas original equipment manufacturers. The company also offers precision machining services, including milling, lathe, horizontal, cleaning, anodizing, and CMM; metal finishing services, such as electroless and selective nickel, anodizing, plating, e-polish, chemical cleaning, and parts refurbishment; and system integration, refurbishment, prototyping, and vendor managed inventory services, as well as electroplating services. In addition, it is involved in the assembly and integration of equipment and automated assembly lines; manufacture and assembly of stainless steel gaslines and weldment products; manufacture and repair of waste water treatment equipment; and holding of investment properties. The company serves semiconductor, electronic, machine tools, aerospace, and oil and gas industries. It operates in Singapore, Malaysia, the United States, Poland, Taiwan, South Korea, and the People’s Republic of China. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.

UOL

From TA point of view, it is on a downtrend mode chart patterns, looks rather bearish! Today Gap down coupled with high volume, this is rather negative and may likely continue to see it share price sliding down towards South!

 The current price of $6.21 is trading below its SMA lines. Another bearish factor and might see further weakness going forward.

 This could well be a good candidate for shortist to ride on this bearish down swing. Short term wise, we may likely see a short rebound and then continue to edge lower to revisit $6.00 then $5.60 with extension to $5.20.

 Not a call to buy or sell.

 Pls dyodd.






UOL Group Limited, through its subsidiaries, primarily engages in property development and management, property investments, and hotel businesses. Its property development projects include residential units, office towers and shopping malls, and hotels and serviced suites. The company also owns and/or manages approximately 30 hotels under the Pan Pacific and PARKROYAL names in Asia, Oceania, and North America with approximately 10,000 rooms in its portfolio. In addition, it is involved in the rental of serviced suites, commercial offices, and retail malls; treasury services business; management of serviced suites; operation of restaurants; and management and operation of health and beauty retreats and facilities. Further, the company engages in the retail of computer hardware and software; property trading business; management and licensing of trademarks; retail management consultancy services business; and provision of information technology related products and services. UOL Group Limited has operations in Singapore, Australia, Vietnam, Malaysia, the People’s Republic of China, Myanmar, and the United Kingdom. The company was formerly known as United Overseas Land Limited and changed its name to UOL Group Limited in 2006. UOL Group Limited was founded in 1963 and is based in Singapore.

SPH

Today we have witnessed another bearish wide bar and touch the low of $2.70, coupled with high volume this is rather bearish.

Looks like next we could be seeing $2.60 soon!

9th Oct 2018
Today it has finally succumb to the selling down pressure and given up the holding point at $2.84 and sliding down to close lower at $2.78 . Coupled with high volume, this is rather bearish!

Short term wise, I think it may likely head lower to revisit $2.70 then $2.60 with extension to $2.55 level.


Yield at about 3.2% if based on 9 cents annually dividend and 4.3% is based on 12 cents dividend + special dividend. It seems that yield is not too bad.

NAV of $2.11.
PE is about 13X.

Not a call to buy or sell.

Please dyodd.

Singapore Press Holdings Limited, together with its subsidiaries, operates as a media company in Singapore and internationally. It operates through three segments: Media, Property, and Treasury and Investment. The company offers daily newspapers and student weeklies; publishes, produces, and distributes books; publishes and produces approximately 80 magazine titles in the areas of lifestyle and information technology, as well as operates various online sites; and provides digital advertising services. It also operates other media initiatives, such as AsiaOne, Stomp, zaobao.sg, and zaobao.com Websites; and online marketplace for jobs, property, cars, and general classifieds; radio channels, including Kiss92 and ONE FM91.3 in English; SPH Buzz, a retail convenience chain; and UFM100.3, a Chinese radio station; financial portals; and Web search portals that offers property data and analysis. In addition, the company provides online investor relations, management support, editorial, fund management, business management and consultancy, online marketing, public relations, news reporting, technical, software consultancy, online classifieds, and other services, as well as multimedia contents and services. Further, it organizes consumer and trade events, exhibitions, conferences, and conventions; owns and operates nursing homes; develops e-commerce applications; franchises kiosks to third party operators; and licenses copyrights, trademarks, and software. Additionally, the company is involved in computer programming activity for online investor relations and related business; holding, developing, managing, and letting properties, as well as provision of property management services; holding investments; and managing shopping centers. Singapore Press Holdings Limited was incorporated in 1984 and is based in Singapore.

Parkway Life Reit

Is it a good time to look at this healthcare reit counter!!
It has fallen off from $3.00 to $2.65.


At $2.65, yield is about 5.05%.
Given that this is a index counter ,I think people might be willing to get it at a premium price tag.

It would be nice if price can further slide down to $2.40 that would entice me to jeep some.

Short term wise , I think it may likely retest $2.63 level then $2.60 with extension to $2.52.

DPU is about 13.4 cents .
At $2.52 , yield is about 5.31%
I think at this price level we may see some accumulation activities..


ParkwayLife Reit - It owns the largest portfolio of strategically-located private hospitals in Singapore comprising Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital. 

In addition, it has 45 assets located in Japan, including one pharmaceutical product distributing and manufacturing facility in Chiba Prefecture as well as 44 high quality nursing home and care facility properties in various prefectures of Japan. 

It also owns strata-titled units/lots at Gleneagles Intan Medical Centre Kuala Lumpur in Malaysia.



Looking through their financial nos from 2013 to 2017, we can notice that its Total Revenue is generally rising at a CAGR of 4.3% from 93693m in 2013 to 109,881m in 2017. This is quite consistently increasing for the past 4 years which is quite encouraging/positive.

Total Revenue - is the sum of cash inflows, increase in operating accounts such as receivables and occasionally, unrealized gains generated in the course of Company's Business activities.

Next, we can take a look at the Total Net Income level which has only generated an returns of only 0.81% (CAGR) from 98.279m in 2013 to 101.464m in 2017. The Net Income seems like not growing much. Investor may want to take note of this. 

The DPU has since a marginally increase from 0.107 in 2013 to 0.134 in 2017. An increase of 0.06% CAGR. The average yield for the past 4 years is about 0.122. Giving a yield of 4.38%.
This is generally below the 5to5.5 % yield expectation for investing in Reit counter.

NAV of $1.761, P/B is 1.61 times.

The Gearing % is about 40% which can be roughly calculated base on the Total Liabilites 705,881/ 1771,221 Total Assets . It is still within the guide line being set by MAS.. Generally, we would prefer gearing to be around 30-36%.



Ops cash flows seems quite pretty stable generating a Net cash from Ops is within 76 to 80m.

The current price of $2.69 is trading above it NAV of $1.761 and it is also trading above its fair value of about $2.14( using DDM to work out the fair value ) . I think it is trading at a premium price level and investor may want to take note of this.

Looking through the Historical chart patterns, we can use it as a reference .

Strong support level is around $2.20 level. The next support level would be $1.80.




Not a call to buy or sell.
Please do you own due diligence.

trade/invest base on your own decision. 




 Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size. It invests in income-producing real estate and real estate related assets that are used primarily for healthcare and healthcare-related purposes (including but are not limited to, hospitals, healthcare facilities and real estate and/or real estate assets used in connection with healthcare research, education, and the manufacture or storage of drugs, medicine and other healthcare goods and devices). PLife REIT owns a well-diversified portfolio of 50 properties with a total portfolio size of approximately S$1.75 billion as at 31 December 2017.