Macquarie Intl   

MIIF

Drop to 0.97 time to go in fast now?
or something going on? wait till it settle?

Any way I dun quite like this counter cuz is a fund trust...
mean those "Fund Manager" sucker can do lot of stupid from time to time

 

lowpeckkiyu,

2006 dpu is 7.95cts per share of which 3.95 cts was paid mid year. Balance 4.00 cts to be paid.

Based on total 2006 dpu, and at 97cts share price, yield is 8.19% (tax free).

If you buy now and collect the 4cts dpu at year end....(paid probably in Apr 07) then you will effectively be getting 8.25% pa yield for holding the share for 6 months. (4cts/97cts x 12ths/6mths)

NAV is about 93cts.



Hopes this helps in your decision.

 

May/Jun price was panic selling due to uncertainty in fed rates and the inflation/stagflation concerns..Now is a different environment altogether..I agree with allantan..MIIF price is undervalued both in terms of NAV and dividend yield. I believe price is moving towards its fair value. Expect more upside.. Vested and accumulating for past six mths alredi..

 

    You can't use May/Jun price as a benchmark now. You will have to wait "until don't know when - or tan ku ku" for that to happen.

 

Hi Allan -  I did not buy as it is on the High side comparing with the px of 0.83 in May/Jun.   Is it too high to buy now??  pl enlighten.  tks.

 

Hi, lowpeckkiyau, did you manage to buy MIIF? It has gone up to $0.98 this morning. Now trading at $0.97.



      

 

The best pt to buy was when it dropped to 83 cts in may-jun panic. Quite a few pple piled in....imagine their dividend yield on that for next 10-20 years!!!!

This is not a CPF stock and IMHO, must safer than a Singapore based REIT which is dependent on property sentiment and up/down of rental mkts.

 

   Not a guru. However, since I know something about the questions you ask, I will give you my response.



   I tried using CPF to buy before and my order was rejected.



   This is a solid and well diversified fund and it provided good dividend yield. 1H06 paid 3.95 cents and 2H06's guidance is for another 4 cents to be paid. Dividend yield is about 9% per annum at current price.The company set internal benchmarks in terms of distributable income and it had been surpassing these benchmarks so far.



    Not an exciting counter though in terms of price movement. Depending on your investment objective, it is certainly a good means to generate returns higher than FD interest and bonds. Having said that, the risk is also higher as it is still an equity quite akin to Reits.   



    It is a good time to enter now. It is still selling at below IPO price. 

 

Dear Guru,


can we use CPF  to buy this share?  Is it a good time to go in and buy and keep it for Long term.   Need your guidance pl.  tks and regards,

 

This one of my core holdings @ 40%. Really like it for its yield and stability.

 

CLSA has a 12-month target price of $1.22 sgd, citing its highly attractive dividend yield.



"MIIF shares now provide one of the highest yields and lowest price to earnings amongst Singapore-listed high yield peers and real estate investment trusts and global investment holding companies," CLSA analyst Zhengjie Zhou said in a note.



CLSA predicts revenue streams in MIIF's assets will likely remain resilient even if the US economy falls into a mild recession as the company has stake in several infrastructure investments that are ultimately dependent on the macroeconomic environment in different parts of the world.



"We see most of MIIF's investments as long duration assets with resilient cashflows supported by structural drivers," Zhou added.



CLSA expects MIIF's distribution per unit (DPU) to rise to $0.0855 next year. The company declared a $0.0395 DPU in the first half of 2006 and forecast a $0.04 DPU in the second half.



"We believe a fair value estimate for MIIF would be $1.22, which translates a $0.0855 distribution to 7% yield," Zhou said.

 

singaporegal, i am very impressed with your predictions!!! :)

 

Hi singaporegal,

How do you decide what price to enter then? 

 

Hi shplayer,

I don't use resistance or support levels... only price trends. If the price is wavering at a level, I interpret it as possible trend reversal.

For me, price action is all about -
(1) Uptrend
(2) Downtrend
(3) Reversals

 

Thanks singaporegal.

I was trying to compare my chart interpretation with yours.

Yes, I interpret an up trend too but feel there is a resistance @ 95.5cts....

 

Hi shplayer, sorry I didn't see your post earlier...

This one is hard to tell because its a relatively cheap stock and TA may not be accurate. But if I were to guess, I think its now on a gradual uptrend for now. I'm only about 60% confident on this.

 

will the price increase?? NAV according to their general announcement is $0.99 but only traded at $0.955 now???? stock value seems to be on a long term down trend since IPO.....

 

singaporegal,

If you have time, appreciate your TA opinion on this counter.

Thanks

 

singaporegal,

Appreciate your TA reading in this counter.

Bar chart flat, RSI  and Acc/Dist uptrend, Bollinger squeezed, volume seems up over past month's average.

Thanks

 

newsman,

Sorry, no news yet...but going by 2005 trend, xd 18 Aug, Paid 9 Sep. Hope this helps.