Hui Bin

Update 2 on EHT: Price Reversal

Update on previous two EHT post: The knife continues to fall. Share price has done a 180 degree turn and hit a all time low of 51.5 cents. Following the rally on Monday, I assumed that the selldown was over and the share price has stabilised with 54 cents as the support level. Totally wrong on this.

A total of 26.3 million shares exchanged hands for a total value of $14.2 million. This makes EHT the 5th most active counter by volume. Comparatively, the average daily volume for the past 3 months is merely 4 million, a fraction of the total volume today. EHT is not on the list of top shorted stocks by volume, so today’s movement should be attributed to the reduction in stake of the substantial shareholders over the past few days. Approximately 35% of the trades were off the market deals, largely done at a price of 54.5 cents, as indicated by the blue column below. The share price recovered slightly to close at 52.5 cents. 51.5 is the new support level and there is a possibility of dropping below 50 cents if this support is broken.

From a psychological perspective, perhaps 50 cents will be an important support level.

Update on Eagle Hospitality Trust: 7.3% Recovery

This is a follow up post on last week’s entry on Eagle Hospitality Trust (EHT). Quick recap: One of EHT assets (Queen Mary) was alleged to be in danger of default due to urgent issues regarding the structural integrity of the ship and the large cost of repair necessary to maintain the ship. The share price plummeted after the news broke and I decided to buy a small amount at the discounted price.

Entry to Eagle Hospitality Trust

Eagle Hospitality Trust (EHT) is a US hospitality reit listed on the SGX earlier this year (May 2019). EHT had a whooping 15.5% drop in share price yesterday (25 Oct 2019), from 63.5 US cents to a low of 54.0 US cents around midday. The share price did recover slightly to 56 cents before retreating back to close at 54.5 cents for the day.

Disclaimer: I am merely a amateur small time retail investor with no formal training or background in finance or stock analytics. If you stumbled upon my humble blog, please read this post with a large pinch of salt as I am unable to guarantee the accuracy and reliability of my thought process from a fundamental standpoint. Finally, the purpose of this post is not to recommend this stock but to document the chain of events which prompted me to take a small position in this reit.

Lendlease Commercial REIT IPO

News started circulating some time back that a new REIT will be listed on SGX, comprising of properties from a company called Lendlease. This was the first time I came across this name and to my surprise, their portfolio of properties include Parkway Parade and 313@Somerset.

Subsequently, there wasn’t much news or information about the listing and I pretty much forgot about it until the prospectus was lodged and a full page advertisement was published on the Business Times with the numbers 5.8% and 6.0% printed in rather big fonts.

Protected: Private Entry 4

Moving Forward

Reviews enable one to evaluate recent performance and take necessary steps to ensure immediate and short term goals are fulfilled. August is approaching a close and a review of 2019 is well warranted. Looking back, I did not set concrete goals for the year and that was perhaps a mistake. All is not lost, for the main battle is just getting started.

The Final Year

As I enter into senior year, the stakes pile up to it’s highest point. $52K now rest on the table and this is one giant bet I cannot afford to lose. The main focus for the upcoming months is to solidify my foundation on the core concepts necessary for each module. An entire year away from school has somewhat dulled the brain, with many important building blocks lost in memory.

Had I retained those information, much time could be saved. Hence, what I hope to achieve is efficiency.

A New Look – New Theme Design and Cleanup

This site has been using the same theme since it’s inception, thus partially out of boredom and a desire to refresh and experiment, I began searching for something new. Today, on the 23rd day of August 2019, the theme has switched to the new default theme which comes with WordPress 5.0

Theme: Twenty Nineteen

Twenty Nineteen. Short and sweet. WordPress themes are usually named as the years of their introduction. We see twenty sixteen, twenty seventeen but twenty eighteen is strangely missing.

August 2019

I originally intended to write this on the first week of august but got delayed due to a spike in workload.

Interest Rate Cut

On the last day of July, the federal reserve announced a widely expected interest rate cut (read: Why the Federal Reserve Cut Interest Rates). The rumors of an interest rate cut have been going around for some time, with the stock market fully pricing in the cut. The problem was that many believed the cut was going to be higher than the 25 basis points and thus many indices went red after the announcement.

Protected: Checkmate

Day 200/365

July 19th, 2019, Friday. Today marks the 200th day of the year, or 54.795% for the mathematically inclined and the ocd.

500px

As mentioned in a previous post, Flickr has changed their user policy ever since being bought over by Smugmug, destroying the popular 1TB free storage plan which was a dream come true for amateur hobbyist photographers on a budget. The rationale was to improve Flickr from its current photo dumping ground into a better photo sharing site where photographers can present their best works instead of being bombarded by a torrent of subpar photographs, which is the unintended consequence of having “unlimited free storage”.