Recent Actions: Bought 20 lots First REIT @ 1.29 Bought 2 lots Keppel Corp @ 6.8 Bought 6 lots Singtel @ 3.150 Entry into Singtel and Keppel were probably ill-timed. But timing the market is a fool's errand anyway. FIRST REIT I already discussed why FIRST REIT was attractive to me here. SINGTEL During the GFC, Singtel's lowest ever was 2 dollars. Singtel is nowhere near a crisis level. It's free cash flow (FCF) continues to grow (up 13% to S$1.47 bn), giving the company significant firepower to weather the price cutting wars in India and Indonesia. While near term metrics are unfavorable, I maintain that Singtel is oversold at 3.050. KEPPEL Keppel's net order book for its marine business appear to be recovering (around 4.6bn ). Notably this number excludes the orders from Sete Brasil. During the oil peak days when Keppel was trading around $11-12, its net order book was around 10-12 bn (which then included Sete Brasil). The worst does appear to...
Born in the 1980s. Aiming to FI by 2020.