Pacific Shipping Trust is the first business trust to be listed on the Singapore Exchange (SGX). It is one of the high dividend, cheap and stable stock. It is fundamentally good and attractive. 3 consecutive years of 7.3 P/E value, ROE of 11%, dividend yield 9%, 52 weeks range 0.26-0.38. For more analysis data you can find it here. For its official website, you can click here.
If you compare PST with others business trusts, you will find that it is doing better then others. Stable debt, growing revenue and profitable margin make its financial report shining!
This stock is in my watchlist, its fair value should around 0.3. This is the reason i do not enter this counter now. Judge from current situation, it is not likely drop to my ideal prices unless global economic condition turn worst. For me this is quite impossible, as mentioned at previous post, midle east crisis, Japan disaster, China & India condition did not turn worst and at the stage of re-built / recovery. USA also on their way of recovery. The worst is over, things are turning good. So current 0.35 prices will be a good entry point for near term unless another disaster crashs shares market. For those adventurous investors, maybe this is a good entry point for you. Good luck!
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