Keppel Infra Trust 4QFY2016

DPU                                0.93 cents
Distributable CF             $32m
NAV                               32.5 cents
Gearing                           37%

Total Assets                    $4,119m ($3158m ex-Basslink)
Total Liabilities              $2,665m ($1197m, ex-Basslink)
Total Borrowings           $1,811m ($1069m, ex-Basslink)
Cash                                $267m ($220m, ex-Basslin)
Net Debt/EBITDA          6.6X (4.6X, ex-Basslink)

Distributable Cash Flows
City Gas                        $4,274k
Concessions                  $17,746k
KMC                             $11,568k
DC One                         $885k
Others                            ($2,523k)
Total                              $31,950k

FirstReit 4QFY2016

Revenue                             = $26.988m
NPI                                    = $26.686m
Distributable Income         = $16.514m
DPU                                   = 2.13 cents (3QFY2015 2.09 cents)
Total Debt                          = $417m
Gearing                               = 31.1%
NAV                                   = 100.79cents

SPH Q1FY2017

Operating Revenue                    $278,304K
Operating Profit                         $70,799K
Investment Income                     ($1,800K)
Profit After Taxation                 $55,814K
Net Profit Attr To Shrs              $45,734K
EPS                                            3 cents
NAV                                           $2.16
Cash & Cash Equiv                    $405,425K

Comments:
The results for 1Q 2017 included charges of S$15.9m relating to the review of the media business and impairment of an associate.  Excluding the charges, operating profit would have declined by S$12.3m (12.4%).

Please Return Terrexes!

http://www.youtube.com/v/71jP7SWvR5s

SGX - A Good Snapshot

The below was taken from the ST on 31/12/2016. I find it a good summary.

My Portfolio 2016 (Closing)

Edited in the prices as at Dec 30 (after trading). Starhub, SPH, SIA, HPH Trust & AsiaPay have gone down quite a bit vis-a-vis last year closing. The rest have seen gains or more or less at par (+/-). throughout the year, I made tactical purchases of GLP at $1.6 (let go at $1.87), Silverlake at $0.5 (let go at $0.56),Ezion at $0.30 (let go at $0.36), ChinaMerchant at $0.76 (let go at $1.02). All in all, my realised trading gains this year is around $12K which is good plus dividends (which is around 5% of portfolio).Overall, 2016 is a resonable year for me although the STI index remain largely the same y-o-y.

DBS  ($17.34)
UOB ($20.40)
OCBC ($8.92)
SPH   ($3.53)
SingTel ($3.65)
StarHub ($2.81)
CityDev ($8.28)
SP Ausnet ($1.64)
Keppel Infra Trust ($0.475)
Olam ($1.97)
Wilmar ($3.59)
SIA ($9.67)
Keppelcorp ($5.79)
SembCorp ($2.85)
CroesusRetail ($0.835)
CDL Trust ($1.34)
AsiaPay TV Trust ($0.375)
Capital China Trust ($1.37)
Ascendas India Trust ($1.015)
Lippo Malls Trust ($0.37)
SuntecReit ($1.65)
OUE Comm Trust ($0.695)
StarHillGlobal Reit ($0.74)
MapleLogistics Trust ($1.02)
M1 ($1.96)
SATs ($4.85)
First Reit ($1.265)
KReit ($1.02))
Accordia Golf Trust ($0.63)
SoilBuild Trust ($0.64)
HPH Trust ($0.63)
AscotReit($1.13))
OCC 5.1%NCPS 100 ($104.0)
DBS$800M4.7%NCPS ($105.56)

The Power Of Demographics

As Britain grapples with a depreciating pound sterling in a post-Brexit era and India continues to grow rapidly since its economic liberalization in 1991, the two have swapped spots in the rankings of world economies. 

For the first time in 150 years, India has surpassed its erstwhile colonial master in terms of GDP, which is now the fifth largest in the world after the U.S., China, Japan and Germany.

With three countries in the top 5 being in Asia, the trend is clear that it make sense to be optimistic about the prospect of Asia.Additionally, there are a couple of medium size economies with more than 100m population growing at a faster clip compare to the average eg Vietnam, Indonesia, Philippines etc.