Another Tenant Default for Soilbuild Business Space REIT

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Another bad piece of news for Soilbuild Business Space REIT investors out there. NK Ingredients Pte Ltd, the sole tenant for 2 Pioneer Sector 1 has defaulted on its rent. If you do not know, NK Ingredients Pte Ltd is one of the top ten tenants contributing 5.8% of Soilbuild Business Space REIT monthly gross rental income.

Soilbuild REIT has called upon the insurance guarantee today. The balance of the insurance guarantee of S$1,689,556.67 is equivalent to approximately four months of rent.

The stock price reacted to the bad news and plunged from $0.73 to $0.69 before closing at $0.70. It seems that I am a bit late in running now.

 

Have You Heard of Spiking?

Recently, someone posted a screenshot that shows insider trades. It got almost everyone in the forum thread asking what is this application and how did they get the information.

I finally found out what application it is. The application is called “Spiking” and you can download it from the app store for iPhone and Google Play store for Android users.

If you didn’t know, Spiking is actually a homegrown app. Spiking allows investors to track the stock transactions and portfolios of investors. Interestingly, they classify investors into “Blue Whales”, Millionaires and Billionaires. Read More

Starhill Global REIT High Dividend Yield Can Buy?

Starhill Global REIT Logo

In the year 2016, I wrote about Starhill Global REIT ( My Dividend Yield of Starhill Global REIT ) giving a dividend yield of 6.56% at the stock price of $0.79. Recently, the share price of Starhill Global REIT has fallen to $0.74. Recently, Starhill Global REIT has announced its 4Q FY16/17 results. Distribution Per Unit has fallen by 8.5% to 1.18 cents compared to a year ago of 1.29 cents.

The annualized distribution per unit for 12  months ended FY16/17 is 4.92 cents compared to 5.18 cents a year ago. Below shows the current share price of Starhill Global REIT. At $0.74 cents, the current dividend yield will be (0.0492/0.74) x 100 = 6.65%. Read More