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Sunday, 8 December 2013

SRS - Closing status 6 December

Received SRS statement from the bank this week for November month.  In the statement, the following dividends were received in Nov month :-

$330.00 CM Pacific
$24.80 Keppel Reit
$159.15 Mapletree Greater China
$5.40 Sabana Reit
$62.50 SingPost
$125.00 Tee Intl

Divested away CM Pacific 3 lots in this week under SRS portfolio at break even as part of regular portfolio re-balancing.  For its 3Q2013 financial results, revenue +37% driven by new income stream from Beilun Port expressway and an increase in profit contribution from the Yongtaiwen expressway and the Guiliu expressway, and lower administrative expenses and withholding tax.  The increase in profits was partly offset by higher finance costs; Profit +36%.  It maintains its free cash flow status. The proposed disposal of its New Zealand based property development business is expected to be completed by end Dec'13.  The disposal allows it to exit completely from its non-core property development business to focus on its core business of toll road operations; which will further strengthen its balance sheet.

Portfolio walk since previous posting :-

+$7,666 Total Returns as of 29 Nov

+$707 Dividends fm Keppel Reit, Sabana Reit, CM Pacific, SingPost, Tee Intl, Mapletree(Magic)

-$1,432 Unrealised positions worsened

+$6,942 Total Returns as of 6 Dec

previous posting :- SRS - Closing status 29 Nov

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