SPH 2QFY2016

Operating Revenue                    $259,297K
Operating Profit                         $68,123K
Investment Income                    $7,225K
Profit After Taxation                 $63,776K
Net Profit Attr To Shrs              $54,131K
EPS                                            3 cents
NAV                                           $2.16
Cash & Cash Equiv                    $288,185K

Comment: Operating profit was basically flat y-o-y but a fall in net investment income of  62.4%
result in net profit after tax to drop by 19.6%.

Certificate Of Appreciation!

Gravitational Waves Detected For The First time!!!

http://www.economist.com/news/science-and-technology/21692851-gravitational-waves-at-LIGO-century-after-Albert-Einstein-predicted-them

http://www.nytimes.com/2016/02/14/opinion/sunday/finding-beauty-in-the-darkness.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-right-region&region=opinion-c-col-right-region&WT.nav=opinion-c-col-right-region&_r=0

CroesusRetail Trust 2QFY16

Revenue                                        2,433,621,000(JPY)
NPI                                               1,367,914,000 (JPY)
Income Available For Dist           973,318,000 (JPY)
DPU                                              1.79 cents
NAV                                              76.03 (JPY)
Gearing                                          46.3%
Interest Coverage Ratio                 4.1X
All-in Cost Of Debt                        1.9%

With BOJ going into negative rates, cost of debt likely to remain low.

CRCT 4QFY15

Gross Revenue                                            RMB 253,268,000
NPI                                                              RMB 158,888,000
NPI                                                              $ 35,294,000
Distributable Income                                   $ 21,848,000
DPU                                                             2.59 cents (2.48 cents for 4QFY14)
NAV (adjusted for dist)                               $ 1.72
Gearing                                                        27.7%
Interest Cover                                              6.3
Avg Cost Of Debt                                        2.99%
Unencumbered Assets                                 96.9%

US Presidential Elections (My Prediction)

The results of the Iowa caucus preliminaries are out. For the republicans, Ted  Cruz earned 27.7%, D Trump gotten 24.3% and Marco Rubio followed closely on Trump with 23.1%.

As for the Democrats, Hillary Clinton just edged out B Sanders with 49.9% to 49.6% of the votes.

My predication for the final will be between Hillary Clinton and Marco Rubio.
The democrats have the slight winning edge.

CDL Trust 4QFY14

NPI                                               $37.8m
Income Available For Dist           $29.8m
DPU                                              3.01 cents
Occupancy                                     86.5%
ARR                                              $199
RevPAR                                        $172
Debt                                               $926m
Gearing                                          36.4%
Interest Cover                                 6.6X
Avg Weighted Cost Of Debt          2.5%
NAV                                               $1.5906