Running out of ideas?
I am running out of ideas for the SRS fund.
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I was contemplating if i should get into Hutchison Port (the Sing dollar version), considering its yield of more than 8% (if i remember correctly) but i would have preferred to get in at 88c or below.
In the end i didn't buy because it is a business trust and that i am uncertain if there will be more weakness in the export economy of China but the downside seemed limited to me.
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Someone suggested China Merchants Pacific, a toll road operator in China. The yield is about 7.5%.
I have not been following this China stock but i understand the parent is a reputable company and the Company has been paying out dividends in the past.
I was even contemplating buying some cocoa powder but in the end felt that it is currently too heaty to drink milo and personally i prefer coffee anytime. hahaha.
So here you go. No more ideas as most of the stocks i like to buy for the SRS portfolio are still trading at very high prices.
I will probably have to wait for correction before getting into the stocks that i like. The only good thing that happen today is that UMS has moved up from its base and my purchase price. :)
Drop me some SRS ideas if you have any stocks to share and like my facebook page if you find the articles useful. I am still a long way to 1,000 fans. :(
You may wish to take a look at LKH. Predictable 4c div for next few years from existing development projects with sales secured. Thereafter, steady recurrent income from retail rental & hotel biz. Backed by RNAV > $1.20. Good risk adjusted returns, in my view...
ReplyDeleteThanks! Will analyse it. How did u derive $1.20 because some data services are reporting a 0.9x PBV and that works out only to $0.52. You worked it out yourself?
ReplyDeleteFrom what i know, toll roads are a bad investment in china as the prices toll operators can charge are highly regulated.
ReplyDeleteThanks for the comments.
ReplyDeleteMr. IPO, LKH's RNAV mentioned in the Financial Adviser's report dated Sep-2010 was 76c (you may download a copy from LKH's filing in SGX website). Since then, sales for Minton has increased from 40% to 100%, easily adding another 10c to RNAV; LKH secured new site Paya Lebar Sq and sold 90% of office space strata titled, which would add another 20c to RNAV; its Paya Lebar Sq Retail space should also add another 15c to RNAV; and finally, Parkland which is >70% sold, should add couple of cents. This is not including the revaluation of the large land bank in Johor. Please do your own research. Cheers!
ReplyDeleteOkie dok. Thks. I saw the latest interim results but they have not revalued it upwards... Hahaha. Probably need a more thorough person to scrub through. :)
ReplyDelete