new coins by mid 2013

Singapore will have a whole new set of coins in circulation by the middle of this year. The new coins features five of Singapore's national icons and landmarks - the Merlion, Port of Singapore, Changi Airport, Public Housing and the Esplanade.

The current set of coins featuring different plants was meant to depict Singapore as a garden city.

source:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1255571/1/.html


In the article, it was mentioned that "MAS says it has been working with public transport operators to ensure that coin-operated machines at MRT/LRT stations are calibrated to accept both the current and new series coins before the launch. " I was wondering which company will be in charged of this "calibration project". Income opportunity for them. =)

mapletree greater china commercial trust IPO part 2

IPO dates as follows:

mapletree greater china commercial trust IPO

Mapletree Greater China Commercial Trust plans to offer about 1.7 billion shares in the REIT at 88 Singapore cents to 93 Singapore cents

Mapletree investments pte is targeting to raise about 1.6 billion SGD from this IPO.

Mapletree has shown a pretty good track record. Mapletree Commercial Trust, which raised $754 million in April 2011, and Mapletree Industrial Trust, which completed a $714 million IPO in October 2010, are both up about 50 percent from their offer prices.

The yield is expected to be 5.6% to 6% in the first financial year (1 Apr 2013 to 31 Mar 2014). The distribution yield is expected to grow by approximately 8.6% to a distribution yield of 6.1% to 6.5% in the second full financial year from 1 April 2014 to 31 March 2015

Details on the actual dates should be released soon.

Preliminary prospectus:
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/e4607bcf096b71f748256b660010c4a4/E1E2DBB9E39E1C5248257B1300137AE3/%24File/1.%20MGCCT%20Prelim%20Prosp%20(15%20Feb%202013).pdf

STX OSV: 3 new contracts awarded

STX OSV has just been awarded 3 new contracts:
1) Design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea.

2) Design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea.

3) Design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Solstad Offshore.

See annoucements here:
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5E3DC01171077A6348257B12005557D4/$file/STX_OSV_secures_contract_for_OSCV_for_DOF_Subsea.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F4110E71B30A568D48257B12005170BF/$file/STX_OSV_secures_contract_for_OSCV_for_Farstad.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E1E295E4CAE9CA4548257B120002879A/$file/STX_OSV_secures_contract_for_OSCV_for_Solstad.pdf?openelement

I initiated a buy today at 1.26.

The price is currently suppressed partly to the unfavorable unconditional offer of 1.22 by Fincantieri. This value should be the short term support level. On a longer term view, I would expect it to return to range of 1.4 within the next 12 months.

REIT Ranking - Jan 2013

REIT ranking for Jan 2013:

REIT	Mkt	Yield	NAV	Gearing	P/B	Total	P/B score	Gearing score	Yield score
SaizenREIT	$0.198	6.364%	$0.300	31.40%	0.660	5	3	1	1
LippoMalls	$0.525	5.562%	$0.528	22.70%	0.994	5	2	2	1
Fortune Reit HK$	$6.800	4.862%	$8.810	23.40%	0.772	5	3	2	0
Sabana REIT	$1.175	8.162%	$1.070	37.60%	1.098	4	1	1	2
SuntecReit	$1.710	5.441%	$2.044	36.70%	0.837	4	2	1	1
Starhill Gbl	$0.845	5.325%	$0.960	30.30%	0.880	4	2	1	1
Frasers Comm	$1.350	4.652%	$1.500	29.20%	0.900	4	2	2	0
AscendasHT	$0.980	7.224%	$0.780	35.80%	1.256	3	0	1	2
Cambridge	$0.710	6.886%	$0.647	38.60%	1.097	3	1	1	1
AIMSAMPI Reit	$1.570	6.573%	$1.469	33.60%	1.069	3	1	1	1
First REIT	$1.065	6.178%	$0.827	27.10%	1.288	3	0	2	1
CDL Htrust	$2.020	5.564%	$1.610	24.90%	1.255	3	0	2	1
Far East HTrust	$1.040	5.357%	$0.930	30.50%	1.118	3	1	1	1
CACHE	$1.250	6.855%	$0.930	31.70%	1.344	2	0	1	1
MapletreeInd	$1.380	6.725%	$1.020	37.10%	1.353	2	0	1	1
AscottREIT	$1.385	6.321%	$1.350	40.10%	1.026	2	1	0	1
MapletreeLog	$1.170	5.880%	$0.880	35.90%	1.330	2	0	1	1
Kep REIT	$1.355	5.815%	$1.300	42.90%	1.042	2	1	0	1
Ascendasreit	$2.540	5.701%	$1.880	32.80%	1.351	2	0	1	1
CapitaRChina	$1.735	5.550%	$1.250	30.40%	1.388	2	0	1	1
MapletreeCom	$1.290	5.124%	$1.055	35.30%	1.223	2	0	1	1
CapitaComm	$1.645	4.960%	$1.620	30.10%	1.015	2	1	1	0
FrasersCT	$1.950	4.923%	$1.530	30.10%	1.275	1	0	1	0
PLife REIT	$2.370	4.540%	$1.550	32.90%	1.529	1	0	1	0
CapitaMall	$2.120	4.429%	$1.640	36.70%	1.293	1	0	1	0

For how the scores are being calculated:
Reit Rankings - Mad Stranger's scoring system

Disclaimers:

It doesn't mean that if you see a high score for a particular REIT, you rush in to buy. The score system only serves as an indicator on how the REIT is with respect to its yield, P/B and gearing. The ranking is also heavily dependent on the accuracy of the data shown on reitdata.com , investors are advised to do your own cross checking. It is always prudent to do your own research before making any buys or sells.