SMRT posts quarter2 57% profit down

(From Article)

SMRT's Q2 profit down 57% at $14.3m

Higher staff and depreciation expenses, as well as repair and maintenance costs, put the brakes on SMRT Corp's net profit in the second quarter ended Sept 30, 2013, causing it to plunge 57.1 per cent to S$14.3 million, even as revenue rose 5.3 per cent to S$296.3 million. 

Earnings per share for Q2 were 0.9 Singapore cent, down 56.8 per cent from 2.2 Singapore cents in the corresponding period a year ago. 

An interim dividend of one cent per share has been declared. 

For the first half, Singapore's main rail operator, which also runs buses and taxis, posted a net profit S$30.6 million, down 56.1 per cent from the same period last year.

Low interest rate is here to stay

(From Article)

Federal Reserve leaves low interest-rate policies unchanged

WASHINGTON (AP) -- The Federal Reserve says its low interest-rate policies are still needed to invigorate a subpar U.S. economy.

In a statement Wednesday after a policy meeting, the Fed said it would keep buying $85 billion a month in bonds to keep long-term rates low and encourage borrowing and spending.

Yet the Fed seemed to signal that it thinks the economy is improving despite some recent weak data and uncertainties caused by the partial government shutdown.

The Fed no longer expresses concern, as it did in September, that higher mortgage rates could hold back hiring and economic growth. And its statement makes no reference to the 16-day shutdown, which economists say has slowed growth this quarter.

HPH Trust earnings dropped

(From Article)

HPH Trust said earnings for the three months ended Sept fell 8.4% to HK$539.2 million ($86.2 million) from HK$588.9 million from a year ago.

Earnings per share fell to HK 6.19 cents from HK 6.76 cents.

Revenue and other income inched up 1% to HK$3.36 billion from HK$3.33 billion.

The container throughput of Hongkong International Terminals or HIT decreased by 11.6% as compared to the same quarter in 2012, in view of weaker transshipment, intra-Asia and US/EU cargoes.

The container throughput of Yantian International Container Terminals or YICT decreased by 3.5% as compared to the same quarter in 2012, primarily due to the drop in empty volume.

The average revenue per TEU for Hong Kong was higher than last year because of the favorable throughput mix of containers from liners, whereas that for China was higher than last year due to less concessions granted to some liners and a lower empty/laden container ratio.

(Personal Sharing)

I am totally disappointed with HPH trust performance. The share price is on a downtrend now. Target price seems to be at 0.74USD.

 

First State Dividend Advantage Payout for Oct 2013

(Personal Sharing)

I received 96.08SGD for my 6962.53 units in first state dividend advantage for the month of Oct 2013.

I am happy that the units have been providing me with consistent quarterly payout.

Dividend Chaser on Sabana reits

(From Article)

Current Price on 18th October 2013 = $1.095

• Current Yield = 8.69%  
• Price-to-book Ratio = 1.012
• Assets per unit = $1.764
• Debt per unit = $0.682 (including current liabilities)
• Gearing = 38.7%

Sabana REIT has published its results which shows a very promising 8.69% yield. This is by far the highest yield REIT with properties based only in Singapore (something which I think is an advantage). Of course, the tricky part is that its price-to-book ratio is at 1.012 which means it is trading at 1% premium.

(Personal Sharing)

I bought 3lots of Sabana reits at average price of 1.34, which are trading at 32% loss.

Dividend Chaser on Rickmers Maritime 4th qtr dividends

(Personal Sharing)

0.006USD dividends declared for Rickmers Maritime.

Ex-distribution on 8Nov.

Payable on 27Nov.

Dividend Chaser on Valuemax IPO

(From Article)

Invitation in respect of 138,000,000 

New Shares comprising: 

(a) 5,000,000 Offer Shares at $0.51 each 

by way of Public Offer and
(b) 133,000,000 Placement Shares 

at $0.51 each by way of Placement,
payable in full on application. 

Indicative time/date Event 

21 October 2013, 5.00 p.m. Commencement of the Invitation 

28 October 2013, 12.00 noon Close of Application List 

29 October 2013 Balloting of applications, if necessary (if oversubscription)

30 October 2013, 9.00 a.m. Commence trading on a ?ready? basis 

Issue Manager, Underwriter and 

Placement Agent
CANACCORD GENUITY SINGAPORE 

PTE. LTD.