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mutantegg
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I have been trading the stock market since 1998 when I was in my university days. Back then, I had zero knowledge and was only learning about my local Singapore market. Since then, I've taken up lots of technical analysis courses and is also a candidate for the CFA level 1 course. Over the... More
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The Stock Trading Advisor
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  • 4 Reasons to buy CapitaCommercial Tust

    CapitaCommercial Trust (CCT) is Singapore’s first commercial real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited. CCT owns 9 quality commercial buildings in Central Singapore and has 30% stake in Quill Capita Trust, a commercial REIT listed on Bursa Malaysia Securities Berhad. CCT also has a 7.4% stake in Malaysia Commercial Development Fund, Capitaland’s first and largest private real estate fund.

    4 Reasons to buy CCT

    • The NAV calculated in the FY2010 financial report was and adjusted $1.47. The high NAV was mainly due to the revaluation of CCT’s properties as well as their divestment gains. At $1.41, CCT is currently trading below it’s NAV. From the chart below (extracted from CCT’s presentation), the valuation of the properties are starting to turn upwards after 4 consecutive periods of decline. The NAV of CCT can be expected to increase should the trend remains.

    • Quill Capita Trust, which announces their FY2010 on 21 January 2011, has been growing steadily with YoY gross revenue up 2.85% and YoY net property income up 2.9%. DPU has also been increasing every year from 6.46 sen in 2007 to 8.03 sen in 2010. A revaluation of QCT properties also showed a slight increase in NAV.
    • Office market rents have started turning up since 1Q 2010. In 4Q 2010, Grade A office rental increased 10% QoQ and Prime office rental increased 12.2% QoQ. The office market in Singapore is likely to remain strong in 2011 as business environment continues to be positive and support growth in occupier demand.

    Tags: sgx, reit, cct
    Feb 15 4:08 AM | Link | Comment!
  • January 2011 Performance

    From 2011, The Stock Trading Advisor (OTC:TSTA) will come up with a month performance presentation for our readers. This presentation should give everyone a clearer picture of our stock performance comparing to major indices on a month-to-month basis. There is expected discrepancies in the initial stage mainly due to counters which I held before I started blogging, and a little confusion to the gains as I marked to market all prices.

    

    TSTA is up 1.80% for the month of January 2011, mainly due to the untimely announcement of Steve Jobs medical leave. We underperformed comparing toS&P500 (SPX 1329.15 ↑0.55%) which was up 2.27%. Asia market didn’t do too well last month with Singapore’s FTSE-ST down 0.98% and Hang Seng (HSI 22828.92↑0.53%) up merely 1.35%.

    Portfolio

    • Apple Inc up 0.51%
    • Las Vegas Sands up 1.04%
    • Citigroup up 1.02%
    • Genting SP down 7.76%

    We’ve closed 2 positions in the month of January : Ezra Holdings with a Jan profit of 1.31% and SJM Holdings with a Jan profit of 9.09%.

    January Transactions

    We’ve added positions to AAPL at an average price of $345 and LVS at an average price of $44.90 within the last month. TSTA has now the biggest exposure to both AAPL and LVS, with both these counters making approximately 80% of our current portfolio.

    *Note : Calculation was based on SGD/USD exchange rate of 1.275 and SGD/HKD exchange rate of 0.1637

    Tags: AAPL, LVS, C, genting sp
    Feb 12 2:02 PM | Link | Comment!
  • Singapore Announces New Measures to Cool Property Market
     

    Singapore Government had just announced a spate of new measures to cool off the property market that have continued to rise despite earlier efforts to slow it down.

    Effective from today, buyers of residential properties who sell it within four years will have to pay a stamp duty (called seller stamp duty or SSD in short), up from the current requirement of three years. SSD is also increased from 3% previously to a maximum of 16%.

    Loan-to-value limit has also been reduced to 60 percent of the new property’s value for individual buyers who are still servicing an existing loan, down from from 70 percent at the moment. For corporate investors, the LTV will be cut to 50 percent.

    Singapore market has reacted negatively (as expected) to the news with all property counters tanking a fair bit. Major property stock like Capitaland is down 2.87%, City Development is down 4.40% and Kepland is down 2.66%. Smaller counters are running worse with Allgreen down 5.74%, SC Global down 5.36% and Wing Tai down 5.06%. The FTSE STI  Index is down 28.66 points.

    Given the fact that Governments around Asia have kept on cooling the property markets, namely China, Hong Kong and Singapore, I believe it is best to avoid all property stocks for the time being. There will be very limited upside. Should the new measures not work and property prices start rising, you can be pretty sure the governments will step in with more drastic measures.



    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Jan 13 9:10 PM | Link | Comment!
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