Review the Passive Income Plan at 2011

Dividend collected about $2,500 so far, only completed half of the target because the plan was started mid 2011.

3Q11 Singapore Property Price Analysis

3Q2011:
公寓价格已到阻力，但离目标价２００还有５％左右。然后会突破还是缓慢上行。

Plan on Passive Income

Recently, inspired by AK71 (http://singaporeanstocksinvestor.blogspot.com/), i revised my investment plan & strategy to kick-start a 5 yrs plan to obtain a passive incomme of $50k/yr. To achieve this:

1) A flat to rent out (achieved);
2) Passive incomme from Stock Market about 20k/mth, or 360k/yr.

I chose to slowly acquire S-REITs to reach target 2) by 7-8% annual divident income. Below is my portfolio of REITs by order of capitals:

1)AIMS
2)ART
3)LMIT
4)Sabana
5)FCT

Small amount to observe:
6)Starhill
7)GLP
8)MapleTreeCommercial (MCT)
9)MLT
10)FReit
11)CMA
12)FCOT
13)Cache
14)CapComm
15)HPH

My criteria of fundamental analysis are
1)Market Price < Net Asset Value/Unit
2)Annual Divident >6%
3)Healthy b/s & P/L (My FA Score>3)

Selected latest FA below:
1) LMIT 1H11:
Ratio Rating 1 FY Factor 0.5 Remarks Marks Weigh Weighted
Profit Profit: Net Profit Margin 58.99% vH 5 10% 0.5
Activity TA Turnover 0.11 vL 1 5% 0.05
Leverage TA/Equity 1.34 L 2 5% 0.1
Profitability ROE 8.47% M 3 18% 0.54
Liquidity Current Ratio 0.79 L 2 10% 0.2
Interest Interest Cover 7.23 M 3 5% 0.15
Valuation NTA/Price 142.17% vH 5 12% 0.6
PE PE 13.16 M 3 14% 0.42
Growth Op Earning Growth 7.00% L 2 16% 0.32
Yield Divident/Price 7.55% vH 5 5% 0.25
1
FA Score 3.10 3.13

2)Sabana 2q11:
Ratio Rating 1 FY Factor 0.25 Remarks Marks Weigh Weighted
Profit Profit: Net Profit Margin 61.15% vH 5 10% 0.5
Activity TA Turnover 0.08 vL 1 5% 0.05
Leverage TA/Equity 1.40 L 2 5% 0.1
Profitability ROE 6.70% M 3 18% 0.54
Liquidity Current Ratio 2.00 H 4 10% 0.4
Interest Interest Cover 4.06 L 2 5% 0.1
Valuation NTA/Price 105.26% vH 5 12% 0.6
PE PE 14.14 M 3 14% 0.42
Growth Op Earning Growth -58.14% vL 1 16% 0.16
Yield Divident/Price 5.49% H 4 5% 0.2
1
FA Score 3.00 3.07

2011-06-08

Buy:
Genting: rebounded at support 1.95, will swing bw 2.25
Fragrance: as said on 7 Jun
Metro

Watch:
Singtel: In a upper channel
Cosco: Forming a double bottom at support 1.8

2011-06-07

Fragrance flag breaking up at 0.69, target=0.69+(0.69-0.58)=0.78, 13%.


Metro flag breaking up at 0.935, target=0.985, 5%