Tuesday, October 14, 2008

A Rose Among the Thorns? Perhaps..Perhaps..Perhaps..

Thanks to zhuangzi (A reader) she did mention a very good point that since REITS are required to give out a bulk of their income as dividends, this results in a low cash position...resulting in REITS generally having low current assets (CA ). See my previous post.

So good ol' "kaypoh" SGDividends decided to comb the SGX REIT Realm and true enough most indeed have their CA lower than their current liabilities CL. But we did find one REIT which balks the trend. Its Fortune Reit. See chart below! Its CA is higher than its CL.

And guess what my friends..who do you think has some shares in it too? (hint hint..the splendid folks who invested in Merill Lynch)

SGDividends : Eh if you buy then something go awry dont blame us ok....we are just stating facts and being unbiased ..pls read up carefully before investing. Steady Bom pi pi boh..

Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team

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