A reader pointed out that my figures for Frasers Commercial Trust does not make sense.
So I updated the Balance Sheet data with the latest third quarter data.
Before
After
I think the problem is that I use DBS Clarity’s data and the number of outstanding shares stands at 1 billion when the number of units is suppose to be 3 billion.
I was still not able to hit the yield the reader pointed to. but my calculation for the Price to Book ratio is based pm Market Cap /(Total Asset – Long term debt and current liabilities)
Still Frasers Commercial Trust proves to be a risky investment. I was vested in this since it was at $1.06. I have probably lost 90% of my money on this investment and this investment drove home the point of existential risk in investing.
Operational risk we can still take but it is risk like this that will spark a sell of in the stock.
Fraser’s long term debt over asset stands at 41% and at a yield of 7%, there has to be much better investments such as K Green Trust, First REIT or Cache.
Yield is not everything and it is better to invest in a REIT that is sustainable, good management and conservative.
I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. It contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly here.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- My Dividend Experience Investing in UCITS iShares iBond Maturing in 2028. - April 23, 2024
- We Invest into Popular Funds When They Are Popular, Exactly When They Started Turning to Shxt. - April 22, 2024
- Meal Prep 2.0 – Cooking Your “Go-to” Meal that You Look Forward to Eating Everyday. - April 21, 2024
ML
Sunday 15th of August 2010
Hi, I found your dividend stock tracker really useful - thanks so much for sharing your investment insights with us. However, there is a lot of info to digest - obviously one should not just go for the stock with the highest dividend yield since there are other factors to think about (debt levels, growth prospects etc.) Would it be possible for your to recommend "good" dividend stocks to invest in based on an analysis of all the factors taken into account? That will be of tremendous use to less experienced investors like me.
Drizzt
Tuesday 17th of August 2010
Hi ML, thanks for the suggestion. The purpose of the dividend stock tracker is to track yields vs earnings and debt levels.
I do post some of my finds and am abit busy recently but I was a huge proponent of Starhub and First REIT and have past articles on them.
https://investmentmoats.com/money-management/dividend-investing/a-guide-dividend-investing-in-singapore-telecom-stocks/
I will post more on stocks on the tracker that i like. best regards.
Drizzt
Saturday 14th of August 2010
the one tiered tax should be taxed at the corporate rate. should be 17% if i am not wrong for 2009.
WK
Friday 13th of August 2010
need your help since i m new to SGX....
in the distribution from any reit, the taxable portion are being tax at what rate (%)...
thks...