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#809 12/18/11 Oscar Carboni says "Time to Defrag the Trading Brain"

Dec 27, 2011 Weekly Singapore Stocks with Jonathan Tan

dow jone break new high

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The Feng Shui market outlook for 2012

Oscar Carboni talks about the Failure at the 200 Bar Moving Average

Dec 15, 2011 Mid-week Singapore Stocks with Jonathan Tan

Are Singapore REITs a Good Investment?

REITs has always been a popular topic of discussion among Singapore investors who want to invest into an instrument that can give them good dividend yields.

Teh Hooi Ling, Senior Correspondent at SPH, had recently done some analysis on the same topic:

The REIT Myth Busted

In the article, she wrote about how most of the REITs had taken back all the dividends they had paid out by doing rights issues.

The actual article that was published in last Saturday’s Business Times comes with a table that gave the breakdown of all the dividends that were paid out by Singapore REITs, as well as the capital that they “clawed” back from unit-holders by doing rights issue.

However, it is not an doom and gloom story for Singapore REITs investors.

While the dividend income had indeed failed for most of them, investors who had invested into more than half of the Singapore REITs from IPO and dutifully deployed capital into them to take up their rights entitlement would still have made money.

And for those who are clueless about rights issue, they would have lost a lot of money.

2011/12/11 文茜世界財經週報

Dow jone look bullish , need to break 12256 to go higher !

STI resistance at 2793 level

Olam resistance at 2.40

Ezra resistance at 0.930

cosco need to break 0.940 to go higher

capitaland , kepland and wingtai also drop after government cooling measure on property

citydev gap down after government property cooling measure

STI resistance at 2793 level

dow jone double top?

The government yesterday announced more measures to cool the property market

The government yesterday announced more measures to cool the property market.

With immediate effect, an Additional Buyer’s Stamp Duty (ABSD) will be imposed on certain categories of residential property purchases:
Foreigners and non-individuals(corporate entities) buying any residential property will pay an ABSD of 10%;
Permanent Residents (PRs) owning one and buying the second and subsequent residential property will pay an ABSD of 3%; and
Singapore Citizens (Singaporeans) owning two and buying the third and subsequent residential property will pay an ABSD of 3%

The decision to impose a high stamp duty on foreign buyers is in view of the large pool of external liquidity and strong buying interest from abroad, and the relatively small size of the Singapore market. Foreign purchases account for 19% of all private residential property purchases in 2H2011.

I think this is something way overdue.

The 10% ABSD could have a psychological as well as financial impact on foreign and corporate buyers, especially those short term speculators. People might not feel a 1, 2, 3, or 5% stamp duty but when it crosses the double digit mark, the feeling is somehow different.