Tuesday, March 17, 2020

Added: AIMS APAC REIT (Mar 2020)

Bought 30,000 shares of AIMS APAC REIT on 17 Mar at $1.04.

Reasons for buying AIMS APAC REIT:
1) Price drop to 8 years low

2) Dividend Yield of 9.6%

3) PB of 0.76 (NAV $1.37)

4) Secured 12 yrs master lease with largest AA REIT tenant Optus Centre with annual rental escalation of 3.25%

5) Potential that ESR might offer and buy over AIMS APAC REIT

AGM 2019 Minutes

6) Further Growth opportunities via untapped GFA

7) Expecting upcoming Q4 Financial result to declare at least 2 cents dividends
AGM 2019 Minutes

Related post:

Tuesday, March 10, 2020

Added: HongKong Land USD (Mar 2020)

Bought another 1,500 shares of HongKong Land on 10 Mar at USD4.65
This is in additional of 10,000 shares bought on 1st Aug 2019 at USD6.10 (Link), 2,000 shares on 29 Aug 2019 at USD5.44 (Link) & 2,000 shares on 21 Feb at USD5.36 (Link).
This bring my total holding to 15,500 shares. 

Reasons for buying:

1) Good 2019 results announced on 5th Mar

Hong Kong Office

Hong Kong Retail

Singapore Office

2) PB of only 0.28
I am paying just 28 cents to buy $1 worth of asset

3) NAV
2014: USD11.75
2015: USD12.24
2016: USD13.34
2017: USD15.66
2018: USD16.43
2019: USD16.39

HongKong Land is growing bigger and bigger every year except in 2019 where there is a slight drop.

This is mainly due to the HK protest which causes the evaluation of Hong Kong properties to be lower as compare to peace time.
Nevertheless. NAV will continue to be higher given good amount of new development in the pipeline.

4) Stable dividend and lower payout ratio

Related post:
1) Added: HongKong Land USD