Mapletree Logistics Trust [M44U] requested to halt its trading on Singapore Exchange on Nov 09 1353hr in anticipation of an upcoming significant announcement.
MapletreeLog announced they will launch a private placement to raise between $79 million and $82 million for acquisitions. A total of 115 million new units will be issued. The new units will be priced at between 69 cents and 71 cents each, representing a discount of 3.9 per cent to 6.6 per cent as compared to the last trading price of last Friday's. About $78 million from the private placement will go towards two yield accretive acquisitions in Singapore. The private placement is likely to reduce the stake held by MapletreeLog sponsor, Mapletree Investments, from 46.9 per cent to 44.3 per cent.
Is today's 3 per cent fall, after the trading halt was lifted, a cause for concern? According to MapletreeLog, the yield accretive acquisition will add, on a proforma basis, 0.04 cents or 0.7 per cent to the annualised distribution per unit (DPU) for the period from Jan to Sept. Accretive usually means an acquisition which is expected to increase earnings per share (EPS). MapletreeLog expects the acquisitions total returns will exceed 10 per cent. The trust's annualised distribution yield as at Nov 9 was around 8.1 per cent so far, in my opinion is a good investment.
My personal opinion is that there isn't really a need to press the panic button and sell the stock away. It is important to look beyond and have a longer investment horizon. MapletreeLog has a history of giving out high dividend yields and have performed reasonably well in financial terms. Keep cool.
In a Nov 10 press release from MapletreeLog, it says,
"In connection with the Private Placement, the Manager has announced on 9 November 2009 that, in respect of the Existing Units, a distribution of the distributable income for the period from 1 October 2009 to the day immediately prior to the date on which the New Units are issued pursuant to the Private Placement (the “Advanced Distribution”) will be made on or around 24 December 2009, to those unitholders whose securities account with The Central Depository (Pte) Limited are credited with MapletreeLog Units as at 5:00 pm on 17 November 2009."
Wednesday, November 11, 2009
Why MapletreeLog fell almost 3% today?
Tuesday, November 10, 2009
Panda Cloud Antivirus Available for Download
Panda Cloud Antivirus is a lightweight, always updated virus killer because Panda does most of its computing, file-checking, and threat updating on its own servers. Anti-virus definition is updated almost real time on cloud without users having to update it himself.
Panda Cloud is finally out of beta for public download for FREE.
Panda Cloud Antivirus - The first free cloud antivirus [via]
Monday, November 09, 2009
Michael Jackson's Smooth Criminal Forward Leaning Trick
The video below shows what will happen if the forward leaning anti gravity trick does not go smoothly. Forward leaning anti gravity dance trick is Michael Jackson's creation and is patented.
Michael Jackson's 45 degree angle lean explained
So how does this anti gravity trick works? According to gizmodo,
"Trying to lean beyond one's center of gravity normally leads to a giant, awkward step forward to retain balance, so to achieve the 45-degree angle he wanted, Michael and his dancers used special shoes as well as a trick in the stage floor. When the time came for the move, a peg-like aperture would protrude from the dance floor. The heel of the dancers' shoes featured a triangular cut out that could be hitched onto the peg, anchoring the dancers to lean much farther forward, and thus blowing the world's collective mind."
TRIBUTE TO THE LATE MICHAEL JACKSON.
Method and means for creating anti-gravity illusion (MJ Patent) [via]
The Secret of Michael Jackson's "Smooth Criminal" Forward Leaning Move [via]
Sunday, November 08, 2009
Parkway Holdings
Ever since I bought Parkway Holdings [P27], the trend is only in one direction - UP. Is the upward trend going to be reversed?
If we were to just study the technical aspects, the upward trend may soon be reversed. However, it is to note that the stock
What about the fundamentals? Parkway Holdings is the leading private healthcare provider in Asia, offering bespoke healthcare. Its ability to sell the Novena medical suites in 1Q10 may lead to many brokerage houses' re-rating of the stock. Do note that Parkway Life Reits declared a higher DPU this quarter.
I believe Parkway Holdings still hold sound fundamentals for mid and long term investors.
Historic healthcare overhaul passes House: Vote 220-215
The House of Representatives on Saturday approved the most sweeping healthcare legislation since the creation of Medicare 44 years ago, giving a boost to President Obama's campaign to guarantee health coverage to almost all Americans.
Historic healthcare overhaul passes House [via]
Understanding Null, Empty, Blank, #N/A, ZLS, Nothing, Missing
An article published on Experts-Exchange discussed on the differences among the many terms we often faced in programming - Null, Empty, Blank, #N/A, ZLS, Nothing, Missing.
The author, Markus G Fischer, explains the concepts technically well and sometimes funny in places to make the lengthy article not so boring. If you have problems viewing the article due to some membership access restriction, I am most willing to send it to you.
Understanding Null, Empty, Blank, #N/A, ZLS, Nothing, Missing [via]
Saturday, November 07, 2009
Five political risks to watch in Singapore
Forbes.com presents five key Singapore risks to watch:
- Security
- Political change
- Corruption and lack of transparency
- Relations with neighbours
- Demographics and race relations
Photoshop is now available on Google Android Phones!
Photo editor, Photoshop, is now available on Google Android phones! Guess this is going to be a pull factor for new smart phones users.
Photoshop.com Mobile Android
http://mobile.photoshop.com/android/
Michael Jackson's songs with Planet Earth and Civil Liberties as their theme
What About Us (Earth song)
We are the World
Heal the World
They don't care about us (with Olodum)
Google Dashboard - Manage privacy settings easily
Google Dashboard summarizes data for each product that you use (when signed in to your account) and provides you direct links to control your personal settings. Today, the Dashboard covers more than 20 products and services, including Gmail, Calendar, Docs, Web History, Orkut, YouTube, Picasa, Talk, Reader, Alerts, Latitude and many more.
Transparency, choice and control — now complete with a Dashboard! [via]
Investing in water and wastewater treatment companies in China
One of the reason as to why I invested in EPure International Ltd is because I know China is investing in water and wastewater projects.
On 6 Nov, Epure won a landmark contract to run 8 wastewater treatment plants in Hainan. According to a press release by EPure,
- Deal is first of its kind in China to offer “bundled” operating contracts for multiple municipal plants to private bidders
- Provides strong affirmation of Group’s operating capabilities and technical expertise
- China’s growing wastewater treatment needs and government plans to raise capacity continue to fuel growth
China’s leading water solutions provider, Epure International Ltd. (Epure, the Group or 伊普国际), has clinched a high-profile deal to manage and operate eight municipal wastewater treatment plants in Hainan province.
In accordance with China’s 11th Five-Year Plan, state-owned Hainan Provincial Water Conservancy & Power Group Co., Ltd. has built 16 new water treatment plants to revamp the province’s wastewater disposal system. The provincial government has “packaged” them under two large operating contracts for bidding by private companies, with each contract covering eight plants. This model is the first of its kind in China, and other provincial governments are expected to follow suit.
Epure’s Chief Executive Officer, Mr Li Li (李力), said: “We are proud to announce that we have won a landmark contract to operate and manage eight municipal wastewater treatment plants in Hainan. This contract, highly anticipated within China’s wastewater treatment industry, has been keenly sought after by more than 20 reputable players. Winning this contract demonstrates that Epure’s technical expertise and operating capabilities are recognised across the sector, and affirms the Group’s leading position in this industry.”
“This contract will further reinforce our strategy to grow our recurrent earnings stream, with the key advantage being that no capital expenditure is required. It will also enable us to quickly scale up our operations to create a more robust earnings model. We will seek out more of such opportunities as we continue to build up our portfolio of build, operate and transfer (BOT) projects.”
Under the five-year contract, Epure will manage and operate eight wastewater treatment plants with a total maximum treatment capacity of up to 142,000 tonnes a day. The contract is worth approximately RMB124 million, based on tonnage of wastewater treated, and is expected to contribute to the Group’s earnings from 2010.
According to China’s National Bureau of Statistics, the country still has more than 200 cities without sewage treatment capabilities at present. With China’s wastewater emissions increasing, the Chinese government has set aside a budget of RMB330 billion in its 11th Five-Year Plan to increase its wastewater treatment capacity, of which 35% will be invested in building wastewater treatment plants.
Discussing the prospects opened up by this investment, Mr Li commented: “With this strong support from the Chinese government to grow the wastewater treatment industry, we see immense opportunities for Epure to secure more engineering, procurement and construction (EPC) and BOT projects, as well as contracts to manage wastewater treatment plants. In this regard, our outstanding track record and expertise as a full-fledged water solutions provider will place us well ahead of the competition.”
Just last month, Epure added two more BOT projects in Anyang city and Jiangyan city, bringing the overall number of such projects under its belt to nine.
Friday, November 06, 2009
Marina Barrage Tour
Looks interesting!
http://www.pub.gov.sg/marina/mbvisitorcentre/Pages/default.aspx
Thursday, November 05, 2009
張韶涵 -- 白白的
白白的 -- 歌词
空白白的 白得天又混濁變黑
我算是誰 醒了還在原地
喔白白的 靈魂的石灰很容易碎
落入眼裡 想哭卻沒有眼淚
好想把一切都砸個粉碎
只有你才能給我一絲欣慰
你是無形的傷口
你平白的咬一口
再多的愛也不夠
都不夠 不夠 超完美傷口
空白白的 白天又混濁變黑
怕遇到誰 那無用的安慰
喔白白的 赤裸的心灰很容易碎
落入眼裡 想哭卻沒有眼淚
好想把自己也砸個粉碎
都摧毀才能給我一絲欣慰
你是無形的傷口
你平白的咬一口
再多的愛也不夠
都不夠 不夠 超完美傷口
都不夠 卻還有
都不夠 卻還有
空白白的 我的心灰一碰就碎
只有你才能給我一絲欣慰
你是無形的傷口
你平白的咬一口
再多的愛也不夠
都不夠 不夠 超完美傷口
你是無形的傷口
你平白的咬一口
再多的愛也不夠
都不夠 不夠 超完美傷口
Fed up with my project schedule
First, my 2 to 6 Nov training did not happen due to incapability of my HR.
Second, my 9 to 13 Nov training was cancelled due to a scheduled Ground Acceptance Test on that week. Now, I was told the Ground Acceptance Test is to be delayed for a week but my training was already cancelled! Looks like I have little choice but to live with this very indeterministic and disruptive nature of my projects at work.
Sigh...
