Towards Financial Freedom
DBS Equity Research: Wired Daily 25 Sep 2015
These 3 SREITs has the most attractive dividend payout in the upcoming 3Q result season - Mapletree Greater China Commercial Trust & Frasers Hospitality Trust
Fine of S$5.4mil for SMRT Corp higher than the S$2.5-3.5mil expected
The Land Transport Authority (LTA) has fined SMRT Corp S$5.4mil for the massive breakdown of its North-South and East-West lines on July 7. This is the largest penalty so far. The LTA concluded that the disruption, which affected 413,000 commuters, was the result of maintenance lapses by the firm, and that SMRT was "fully responsible" for the incident. The sum is higher than the S$2.5-3.5mil that our analyst had projected.
The 3Q results season begins in next than 2 weeks. With corporate earnings generally uncertain, investors' attention may turn to yield. We think one trade is to position ahead of dividend announcement and payout for SREITs. Among the SREITs under our coverage, the large cap stocks that have the highest potential upcoming payout as a % of share price are 3.9% for Mapletree Greater China Commercial Trust. For the small-mid caps, it's Frasers Hospitality Trust at about 4.1%. These stocks should outperform the STI in the week(s) ahead. Our analyst has Buy recommendations for MAGIC (TP: $1.12) while FHT (TP: $0.83) is Hold.
US stocks fell but pared losses ahead of a speech by Janet Yellen on the direction of interest rates. In the speech that was delivered after the stock market closed, Yellen said unless there is a negative surprise in the economy, she still expect rates to head higher this year. "Most FOMC participants, including myself, currently anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a gradual pace of tightening thereafter," Yellen said during a speech in Amherst, Massachusetts. "But if the economy surprises us, our judgments about appropriate monetary policy will change." The USD and bond yields are slightly higher while stock futures are currently modestly higher following these comments.
Source: DBS
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
