Yup, whether the economy is booming or in recession, people generate lots of rubbish daily. Since Singapore prides herself as a 'Clean & Green' city state, we cannot afford to be lax in waste management.
The amount of waste we produced daily is simply mind-boggling.
Hey Dividend warrior, i missed your blog posts. Good to hear u are still active in hwz.
i am looking at kingsmen creatives and 800super too.
I think FCF is quite impt to me when it comes to paying sustainable dividends
First Reit looks good and I am thinking of adding more again, though p/b is more than 1. But overtime i come to realize that per is not v impt when it comes to valuating reits.
Imagine if valuation gain of 10%, they do include it in their earnings; but in actual fact i cant be bothered by it.
e.g. some stocks like pacific andes having pb of less than 0.5 but imagine they are not using their assets efficiently to generate fcf, there's no point in holding it.
sometimes i even prefer those high pb ratio which pe of about 12 and below, it shows they have high roe and are making their assets to full use.
If u are not sure how it is calculated, just imagine two type of net assets, one is 0.5bil and another one is 1bil, both having pe of 12.
if both having same outstanding no. of shares and selling at same price, we are expecting the 0.5bil to have higher ROE = Net Income/Shareholders' Equity.
former: Net income/ lower shareholder's equity i.e lower net asset. Hence higher ROE than latter.
such stocks listed in STI includes . RMG, silverlake, NeraTel, ShengSiong( not sure) and mostly Telcos.
It combined with FCF for analysis, it ll be quite powerful.
