1) M1: S$1.82
Dividend payout in 2006: $0.261 ( 14.3% )
Dividend payout in 2007: $0.146 ( 8.02% )
M1 has a track history of paying dividend, and its business is stable. At S$1.82, current price is attractive. Yr high was S$2.36, yr low was S$1.80.
My recommendation is to buy n hold, till it rise to S$2.10.
2) Babcock & Brown Fund
BACKGROUNDBabcock & Brown Structured Finance Fund Limited is a mutual fund company incorporated in Bermuda on 24 April 2006 and managed by Babcock & Brown Structured Finance Management Pty Ltd. The Company’s key investment objective is to invest in a portfolio of assets and economic exposures which provide its Shareholders with an attractive yield and a competitive rate of return by paying regular dividends and achieving capital growth. The Company plans to achieve its investment objectives and policies through further acquisitions, active portfolio management as well as financing and risk management. The Company provides investors with the ability to invest, through the Company, in asset classes which are not readily accessible to most investors in a listed form. The Company invests in assets in three target sectors: -
Operating Lease Assets;
Loan Portfolio and Securitisation Assets; and
Alternative Assets.
The Company intends to invest in assets in three target sectors to create a portfolio with predictable cash flows, potential for long term capital growth and diversity across each target sector and across geographies and currencies.
Price: S$0.95
Dividend payout in 2007 : $0.0528 (5.55%)
Dividend payout in 2008: $0.06 ( in jan ), the rest of the yr is expected to pay another 4-5cts. ( 6.3%)
I will recommend a buy for this Babcock & Brown fund. The fund is well managed and the manager has a track record of delivering results. Therefore the payout is fairly constant.
3) MACQUARIE INT'L INFRA FUND LTD
BACKGROUNDMacquarie International Infrastructure Fund Ltd (MIIF) is a mutual fund company that has been formed to own, operate and invest in a diversified group of infrastructure businesses around the world. It offers investors an opportunity to invest in the Macquarie Bank Group’s first listed infrastructure fund in the Asian region and to participate in the public ownership of infrastructure assets. Such infrastructure assets have traditionally been owned by governments or private investors, or have formed part of vertically integrated companies. It will invest directly in infrastructure assets as well as in securities that are issued by entities that have as their primary focus the management, ownership and operation of infrastructure assets.MIIF is managed by Macquarie Infrastructure Management (Asia) Pty Limited, a subsidiary of Macquarie Bank. Macquarie Bank has received global recognition for its expertise and experience in the management, acquisition and financing of infrastructure assets. The Macquarie Bank Group managed over A$31 billion (S$38 billion) of funds as of 31 December 2005 on behalf of retail and institutional investors. These funds are invested in infrastructure assets and businesses around the world, including, airports and airport-relatedinfrastructure, communications infrastructure, electricity and gas transmission and distribution networks, water utilities, rail and toll roads.MIIF's initial investments include direct investments in airport infrastructure in Belgium and communications infrastructure and renewable energy assets in the United Kingdom. In addition, it will own interests in one unlisted and four listed infrastructure investment funds that have ownership interests in, amongst other things, airports, communications infrastructure, utility and energy assets, water and gas distribution assets and transport infrastructure assets located in OECD countries, namely Australia, the United States, and certain European countries
Price: $0.97
Current price has reached 1 yr low, and is holding on well at the price of 96cts.
Dividend payout in 2006: $0.0705 (7.26%)DIvidend payout in 2007: $0.0815 (8.4%)
I will call for a buy with target $1.10
4) KYODO-ALLIED INDUSTRIES LTD
BACKGROUND
Founded in 1984, Kyodo-Allied Industries Ltd, a Singapore-Japan join-ventured company, is a turnkey designer, manufacturer, sales, and maintenance service provider of Clean Room equipment and systems.
The company's full range of services offers one-stop convenience for its customers. Its principle business activities comprise mainly in the:
1. Design, manufacture and sale of Clean Room equipment. 2. Design, manufacture and sale of air diffusion and ventilation equipment. In the nineteen eighties, following the rapid growth of manufacturer in the high technology, semi-conductor, chip and wafer fabrication, pharmaceutical and food production industries establishing their production operation in Asia, the demand for Clean Room equipment was greatly increased. To meet its customers' demand, Kyodo-Allied has since been actively involved in the design, production and distribution of air diffusion products and Clean Room equipment.Kyodo-Allied’s operations are headquartered in Singapore with manufacturing facilities based in Singapore and Malaysia. It has sales offices located in Singapore, Malaysia, Thailand and China. Some of the end users of its clean room equipment are MNCs and manufacturers of well-known international names such as IBM, Fujitsu, Seagate, Texas Instruments, Infineon, Fujitech, Fuji Electric, JVC, GlaxoSmithKline, Hitachi Chemical and Epson
Current price: $0.16
Dividend payout in 2005: $0.015 (9.38%)
Dividend payout in 2006: $0.018 (11.25%)Dividend payout in 2007: $0.025 (15.63%)
Current price represent a 15.63% yield based on last done price of $0.16. This is extremely attractive. Recommendation is a long term hold.
5) Food Junction
Current price is $0.51
Dividend payout in 2005: $0.04 (7.84%)
Dividend payout in 2006: $0.06 (11.76%)Dividend payout in 2007: $0.055 (10.78%)
Dividend payout in 2008: $0.01 ( there should be more dividend announcing as Food Junction declares dividend quarterly )
Dividend payout in 2006: $0.261 ( 14.3% )
Dividend payout in 2007: $0.146 ( 8.02% )
M1 has a track history of paying dividend, and its business is stable. At S$1.82, current price is attractive. Yr high was S$2.36, yr low was S$1.80.
My recommendation is to buy n hold, till it rise to S$2.10.
2) Babcock & Brown Fund
BACKGROUNDBabcock & Brown Structured Finance Fund Limited is a mutual fund company incorporated in Bermuda on 24 April 2006 and managed by Babcock & Brown Structured Finance Management Pty Ltd. The Company’s key investment objective is to invest in a portfolio of assets and economic exposures which provide its Shareholders with an attractive yield and a competitive rate of return by paying regular dividends and achieving capital growth. The Company plans to achieve its investment objectives and policies through further acquisitions, active portfolio management as well as financing and risk management. The Company provides investors with the ability to invest, through the Company, in asset classes which are not readily accessible to most investors in a listed form. The Company invests in assets in three target sectors: -
Operating Lease Assets;
Loan Portfolio and Securitisation Assets; and
Alternative Assets.
The Company intends to invest in assets in three target sectors to create a portfolio with predictable cash flows, potential for long term capital growth and diversity across each target sector and across geographies and currencies.
Price: S$0.95
Dividend payout in 2007 : $0.0528 (5.55%)
Dividend payout in 2008: $0.06 ( in jan ), the rest of the yr is expected to pay another 4-5cts. ( 6.3%)
I will recommend a buy for this Babcock & Brown fund. The fund is well managed and the manager has a track record of delivering results. Therefore the payout is fairly constant.
3) MACQUARIE INT'L INFRA FUND LTD
BACKGROUNDMacquarie International Infrastructure Fund Ltd (MIIF) is a mutual fund company that has been formed to own, operate and invest in a diversified group of infrastructure businesses around the world. It offers investors an opportunity to invest in the Macquarie Bank Group’s first listed infrastructure fund in the Asian region and to participate in the public ownership of infrastructure assets. Such infrastructure assets have traditionally been owned by governments or private investors, or have formed part of vertically integrated companies. It will invest directly in infrastructure assets as well as in securities that are issued by entities that have as their primary focus the management, ownership and operation of infrastructure assets.MIIF is managed by Macquarie Infrastructure Management (Asia) Pty Limited, a subsidiary of Macquarie Bank. Macquarie Bank has received global recognition for its expertise and experience in the management, acquisition and financing of infrastructure assets. The Macquarie Bank Group managed over A$31 billion (S$38 billion) of funds as of 31 December 2005 on behalf of retail and institutional investors. These funds are invested in infrastructure assets and businesses around the world, including, airports and airport-relatedinfrastructure, communications infrastructure, electricity and gas transmission and distribution networks, water utilities, rail and toll roads.MIIF's initial investments include direct investments in airport infrastructure in Belgium and communications infrastructure and renewable energy assets in the United Kingdom. In addition, it will own interests in one unlisted and four listed infrastructure investment funds that have ownership interests in, amongst other things, airports, communications infrastructure, utility and energy assets, water and gas distribution assets and transport infrastructure assets located in OECD countries, namely Australia, the United States, and certain European countries
Price: $0.97
Current price has reached 1 yr low, and is holding on well at the price of 96cts.
Dividend payout in 2006: $0.0705 (7.26%)DIvidend payout in 2007: $0.0815 (8.4%)
I will call for a buy with target $1.10
4) KYODO-ALLIED INDUSTRIES LTD
BACKGROUND
Founded in 1984, Kyodo-Allied Industries Ltd, a Singapore-Japan join-ventured company, is a turnkey designer, manufacturer, sales, and maintenance service provider of Clean Room equipment and systems.
The company's full range of services offers one-stop convenience for its customers. Its principle business activities comprise mainly in the:
1. Design, manufacture and sale of Clean Room equipment. 2. Design, manufacture and sale of air diffusion and ventilation equipment. In the nineteen eighties, following the rapid growth of manufacturer in the high technology, semi-conductor, chip and wafer fabrication, pharmaceutical and food production industries establishing their production operation in Asia, the demand for Clean Room equipment was greatly increased. To meet its customers' demand, Kyodo-Allied has since been actively involved in the design, production and distribution of air diffusion products and Clean Room equipment.Kyodo-Allied’s operations are headquartered in Singapore with manufacturing facilities based in Singapore and Malaysia. It has sales offices located in Singapore, Malaysia, Thailand and China. Some of the end users of its clean room equipment are MNCs and manufacturers of well-known international names such as IBM, Fujitsu, Seagate, Texas Instruments, Infineon, Fujitech, Fuji Electric, JVC, GlaxoSmithKline, Hitachi Chemical and Epson
Current price: $0.16
Dividend payout in 2005: $0.015 (9.38%)
Dividend payout in 2006: $0.018 (11.25%)Dividend payout in 2007: $0.025 (15.63%)
Current price represent a 15.63% yield based on last done price of $0.16. This is extremely attractive. Recommendation is a long term hold.
5) Food Junction
Current price is $0.51
Dividend payout in 2005: $0.04 (7.84%)
Dividend payout in 2006: $0.06 (11.76%)Dividend payout in 2007: $0.055 (10.78%)
Dividend payout in 2008: $0.01 ( there should be more dividend announcing as Food Junction declares dividend quarterly )
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