Singpost: $625(FY 08, quarterly dividends of 0.125 cents/share)
In Nov 08, I did not trade and only received $625 dividends from Singpost.
US rallied 7.7% and STI 6% for the past week making some to think that it may be the beginning of a bull rally. I personally think that fundamentals have gotten worse and it is still a tad too early to look for bargains.
I have been looking at REITs lately and found that at the peak of office rental this year, grade A office commands about $17 psf, compared to about $4 psf during the Sars period. The office rent has gone up more than 400% over the past 5 years. If we were to be pessimistic and factor in the over supply of office spaces, REITs have to fall another 40% from current levels to justify the expectations of rental fall.
I will be expected to exceed my monthly target of $1000 investment income upon receiving $9,310 SPH and $200 DBS dividends in Dec. I will give a brief summary of my realized gains in end Dec.
I have about $12,000 of free cash waiting for more opportunities to enter the market. As mentioned last month, my next entry point will be when STI is below 1400 points, while I conserve more cash.