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18-03-2011, 12:41 PM
Hi Nick,
1)I think for revenues in USD , unitholders will continue to receive less because of the weak USD, but for asset value it won't make any difference because overtime, asset value will be adjusted accordingly to the equivalent of S$. Just like oil or other commodities, USD go up , oil price come down, vice versa.
I sold 15% of my holding of PST @0.365 because I was more concern on the right issue then.
2)What is your take on SABANA reit, the yield of more than 9% is too tempting , moreover property assets are always a better asset class than vessels as perceived by many.
1)I think for revenues in USD , unitholders will continue to receive less because of the weak USD, but for asset value it won't make any difference because overtime, asset value will be adjusted accordingly to the equivalent of S$. Just like oil or other commodities, USD go up , oil price come down, vice versa.
I sold 15% of my holding of PST @0.365 because I was more concern on the right issue then.
2)What is your take on SABANA reit, the yield of more than 9% is too tempting , moreover property assets are always a better asset class than vessels as perceived by many.