Before You Buy July's Watchlist: Three Names, Three Very Different Verdicts 🦖
Before You Buy July's Watchlist: Three Names, Three Very Different Verdicts 🦖
Everyone is treating July’s watchlist like a shopping list, but the three “stars” do not even clear the same basic gates. One has record passengers yet a shrinking ordinary yield, one is still in structural breach of a 35 percent gearing ceiling, and one is using thin free cash flow to promise more than its balance sheet can safely fund. The headlines make them all look like straightforward wins, the forensic read says they are three very different beasts entirely.
If you are drawing S$800 a month from CPF and SRS, a 1.52 percent yield on Seatrium or a 3.53 percent ordinary yield on SIA is not a rounding error, it is a direct pay cut to next year’s groceries, before you even factor in that OUE REIT is still sitting at 36.6 percent gearing with a 2.6 times interest cover.
📺 YouTube: https://youtu.be/UpVRu6JgSEs
📩 Substack: https://investingiguana.com/p/before-you-buy-julys-watchlist-three
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