New Global Logistic mega IPO launched by GIC may weigh on existing smaller industrial trusts such as Cache Logistics Trust, Mapletree Logistics Trust, Ascendas REIT and Cambridge Industrial Trust. I managed to sell away Mapletree Logistics Trust few days back and decided to hold onto Cambridge Industrial Trust for the latter's higher dividend yield and to lower exposure to REITs. Another mega IPO, Mapletree Industrial Trust, likely to take off around same time, could further depress existing industrial plays.
Today, shares of Cache Logistics Trust remained unchanged, Mapletree Logistics Trust fell 2.247%, Ascendas REIT fell 0.459% and Cambridge Industrial Trust fell 0.917%.
Global Logistic IPO may weigh on smaller peers [via]
The rise in operating costs will continue to outstrip revenue growth for at least the next 12 months, moreover, SMRT is limited in its ability to raise dividends this year due to higher capex.
From a separate account, I read SMRT Corp may be removed from the STI Index in the coming review due to lower market capitalisation. Glad I have sold off all SMRT shares. SMRT shares closed 0.966% lower to close at S$2.05 today.
SMRT off 0.5%; Cost to outstrip revenue growth: Kim Eng [via]
At TEDxBerlin, Fabian Hemmert demos one future of the mobile phone -- a shape-shifting and weight-shifting handset that "displays" information nonvisually, offering a delightfully intuitive way to communicate.
Rethinking current user interface so it makes use of all our senses and also emotions. It's all about making technology more human.
"Our whole strategy is not to build any specific device or integration or anything like that. Because we're not trying to compete with Apple or the Droid or any other hardware manufacturer for that matter," Zuckerberg said. "Our strategy is very horizontal. We're trying to build a social layer for everything."
Facebook, INQ Working on Two Android Phones [via]
After keeping Mapletree Logistics Trust since 24 Aug 2009, I have decided to sell everything at S$0.875/share and settle for a 35% profit. If dividends were taken account for, the gain is a good 42%. The counter has given me a good over 9% yield for the past one year :)
The reason for the sale is due to likelihood of dividend dilution after issuance of new preferential shares. When the new Mapletree Industrial Trust is launched next month, will the Logistic Trust be forgotten? Let's not forget GIC's coming Singapore's largest IPO in history - Global Logistic Trust.
If there is an opportunity, I would still go for the counter in the future provided it fell more than 5% on a single day (hopefully very soon).
Experts Give the Shirts off their Back to Charity [via]
One of the most amazing things about our expert community is their generosity and desire to help others.
Earning t-shirts for ranks is a great achievement, but some of our experts have answered so many questions they’ve got a closet full of Experts Exchange clothing. Exchange Server Geniuses Glen Knight and Alan Hardisty cooked up the idea of donating t-shirt credits to charity and started a thread to see if other experts might be interested.
“Alan and I were talking about our large EE t-shirt collection and discussing alternative uses for future shirts…wrapping gifts, stuffing pillows, car seat covers, things like that,” says Knight (demazter). “We thought it might be nice to bring ‘Expert Power’ together to do something for good.”
It turned out to be a popular idea, and many experts indicated their interest in donating shirts instead of redeeming them. Word got back to the Experts Exchange home office and we put together a t-s…
This Nomao iPhone app that is promoted as being powerful enough to see people naked through IR must be FAKE. A mistake made in the video is the mention of IR. Objects that are opaque block IR waves. That's the general rule.
A new version of the Gmail app is released in Android Market, so Gmail updates aren’t tied to Android version releases anymore. This updated Gmail app comes with more features including a limited support for Priority Inbox.
To get the update from Android Market (just scan the QR code below, or click here if you're on a phone)
NOTE: The Gmail update requires Froyo (Android version 2.2).
Microblogging site, Twitter, has published a note on its recent "onMouseOver" security exploit incident.
The short story: This morning at 2:54 am PDT Twitter was notified of a security exploit that surfaced about a half hour before that, and we immediately went to work on fixing it. By 7:00 am PDT, the primary issue was solved. And, by 9:15 am PDT, a more minor but related issue tied to hovercards was also fixed.
We discovered and patched this issue last month. However, a recent site update (unrelated to new Twitter) unknowingly resurfaced it.
Early this morning, a user noticed the security hole and took advantage of it on Twi…
Though the share price of SMRT has been falling for the past many days after I sold it away, technical analysis is showing a soon-to-rise trend. Should I re-enter despite many broker houses downgrading the stock?
Am watching HG Metal Manufacturing as well after off-loading it yesterday. Next buy price for HG Metal and SMRT are S$0.105/share and $2.00/shares respectively.
Google announced that they will add an option for two-factor authentication on Google Apps in an attempt to improve security. Google's approach does not require an additional device but rather, a mobile application is to be installed. Cloud computing capabilities will be used to generate the 2FA token.
Three million businesses have gone Google: celebrating growth, innovation and security [via]
My reliable trusted CIMB Securities has downgraded SMRT Corporation [S53.SI] to 'Underperform'.
Losses on the Circle Line were one of the drags on SMRT’s 1QFY11 performance. Operating profit from its MRT operation fell 24% y-o-y despite a 12% increase in revenue, as increased ridership was overwhelmed by higher operating expenses with the opening of more stations along the Circle Line and as average daily ridership of 145k was below expectations of 200k.
We cut our DCF-derived target price for SMRT to $1.95 (WACC: 8.4%, terminal growth 2%) from $2.31 after: (1) cutting our EPS estimates by 3-4% for FY2012-2013; (2) adjusting for higher capex assumptions; and (3) re-aligning discount rates with our house rates. We remain wary of losses on the Circle Line with the opening of more stations in 2011 and margin pressure from rising fuel and electricity costs. Valuations are also rich at 19x CY11 P/E.
Am waiting for it to fall under $2.00 before I do a buyback.
Android2Cloud is an Android app that allows sending of links and copying of text from your Android phone, where you might be away from home, back to your Chrome browser at home, whether or not it's open and running. This is pretty cool!
If you are interested to do a Google Chrome to Android Phone, read more here.
Consumer Reports will continue to not recommend the iPhone 4 to its readers, apparently as long as Apple refuses to offer free, easily accessible cases to solve the so-called "death grip" issue. But putting the onus on any owners of a product to obtain a remedy to a design flaw is not acceptable to us. We therefore continue not to recommend the iPhone 4, and to call on Apple to provide a permanent fix for the phone's reception issues.
From Sept 10 onwards, Apple said it would discontinue its free case for the iPhone 4.
Taiwan authorities issued a land and sea warning as Typhoon Fanapi approaches. The typhoon is described to be bigger than Taiwan itself and is expected to affect the entire island. It is expected to land Taiwan tomorrow.
SMRT falling, ARA Asset Management rising, C&O Pharmaceutical rising, China Animal Healthcare rising, Cambridge Industrial rising, China Mingzhong Corp rising, Mapletree Industrial rising, NOL rising, SGX fallen but is rising, ST Engineering rising.
Not too okay
CapitalMalls Asia Limited stagnant, Koh Brothers fallen and stagnant
Missed the bull
Armstrong, China Hongxing, Genting Singapore, Q&M Dental, Yangzijiang
It was reported that the Transport Minister Mr Lim made unannounced trips on buses and trains to get a better feel of the situation on the ground. If it's unannounced, then why were there media reporting and taking photos?
Transport Minister observes rush hour bus frequency [via]
After the launch of Google Instant, a third part geek came out with an "Instant" search for Google Maps. Visit Google Maps Instant now. Using Google Maps Instant, you can get it to plot out driving route instantly by typing in for example Destination A to Destination B.
For the past one year, my blog has seen a total of 37,664 page impressions and 292 clicks. This makes an average of 103 page impressions per day and 0.8 clicks per day. The next payment from Google Adsense should be ready in 3 months time.
A paper from the Harvard Business Review titled “Trust and Virtual Organization” is a light and good read. The context is on virtual working environment.
I shall make quick and brief review in my own words on the seven cardinal principles of trust: Trust is not blind – Trust needs time to be built and it is hard to know many people well. Hence, for trust to work, large organizations need fairly constant, less changing, smaller groups.
Trust needs boundaries – Unlimited trust does not exist. Common set of goals must be defined and all are granted freedom to work on their unit of work.
Trust demands learning – Virtual workers must be adapted to change and capable of self-renewal. Exploration of new options and new technologies are required. Hence, such traits must be identified during recruitment interviews.
Trust is tough – Trust is ruthless and once misplaced, these people can no longer be relied on to do what is needed. Therefore, for the sake of the whole, the individual must leave.
According to comScore Inc., a marketing research company
Facebook has inched past Google. New numbers show that people spent more time on Facebook last month than on Google. Americans spent more than 41 million minutes on Facebook in August, compared with nearly 40 million minutes on Google's sites, including YouTube.
Facebook Passes Google [via]
According to the PCMag, Apple said it would relax restrictions it put in place earlier this year to allow its developers to use more development tools. This is a reversal in Apple's strong stand for protection and against allowing third party vendors like Adobe to support Flash on iOS.
Why the sudden reversal? Could it be because of strong competition from rivals like Google Android and RIM BlackBerry, and not forgetting Microsoft's soon-to-launch revolutionary Windows Phone? According to IDC report, Google Android market share is exploding, 16.3% in 2010 as compared to Apple iOS's 14.7%. Google Android's share is predicted to jump from 16.3% in 2010 to 24.6% by 2014 while Apple iOS's share to decline from 14.7% to 10.9% in the same period.
IDC predicted that Android will jump from 16.3 percent market share in 2010 to 24.6 percent by 2014, chipping away at the share currently held by Symbian, BlackBerry, and Apple's iOS. Symbian, which is popular overseas but not in the U.S., will likely maintain its number one global standing by 2014, though IDC predicted an 18 percent drop in market share. The release of Windows Phone 7 later this year, meanwhile, will likely help Microsoft "regain some of the share it has lost over the past two years, from 6.8 percent in 2010 to 9.8 percent in 2014 for Windows Mobile. BlackBerry's share will remain relatively constant, while iOS will decline from 14.7 percent to 10.9 percent by 2014.
Given IDC's figures, this means Google Android 2010's 16.3% is now higher than Apple iOS 2010's 14.7%.
IDC: Smartphone Market Exploding, Android is 'Wild Card' [via]
The Casino Regulatory Authority has issued directives to both of Singapore's integrated resorts to stop their free shuttle bus services with immediate effect. Such sudden move may result in immediate job losses and lost in millions of dollars on upfront investments. Sufficient time should be allowed for.
You may refer to the following list of shortcut keys to efficiently use Google Instant.
Some of the shortcut keys:
Tab/Right arrow: pick the first suggestionUp/Down arrow: select another suggestion from the suggested listRight arrow while selecting a suggestion: I'm feeling luckyEnter/Esc/Delete: ignore the suggestions and find the results for your query
Have I been too naggy? Was told I actually mentioned (nagged) several times how I missed 老婆饼 from 恒香 few months ago in Hong Kong. 恒香 stores in Hong Kong are restricted only in a few locations unlike alternative household brands like 奇华 and 荣华. Because of that, I had to settle for 奇华 and 荣华 back then.
Google launched a very interesting tool that offers suggestions as you type - Google Scribe.
Google Scribe provides text completion service. Using information from what you have already typed in a document, Google Scribe provides related word or phrase completion suggestions. In addition to saving keystrokes, Google Scribe's suggestions indicate correct or popular phrases to use.
One cool feature is that it allows you to use Google Scribe without having to be in Scribe editor itself. All you need to do is to add a Google Scribe Bookmarklet. Activate the Bookmarklet and you are ready to use Scribe.
SM Goh Chok Tong urges Singaporeans to put carpark, housing woes in perspective and think of the poor.
Singaporeans who complain about crowded trains, the lack of carpark spaces and public housing should think of the poor who struggle to make a living, said Senior Minister Goh Chok Tong yesterday.
Urging Singaporeans to put these challenges 'into perspective with the overall needs of our society', he noted that there are still the poor and disabled who need help.
He said: 'It is important that we do not complain too much when we can't get the house that we want, we can't get the carpark that we want, when the MRT trains are a little crowded.
'We are in fact quite fortunate. These are problems created by our own success. There are many people who are not able to benefit from our overall success. Just remember them as we also try to solve our problems at the top end.'
Mr Goh was speaking on the fringe of the 10th anniversary celebration of Ramadhan On-Wheels (…
Mark V. Hurd, the former chief executive of Hewlett-Packard, is name the new Oracle’s new co-president. Hurd is now the number two after Lawrence J. Ellison, Oracle’s chief executive and largest shareholder.
Mr Hurd resigned from H.P. one month ago, after involvement in a personal relationship scandal with a contractor turned up questionable expenses. However, a post-investigation saw no proof. Under Hurd's leadership, H.P. had grown by leaps and bounds. Mr. Ellison, a personal friend of Mr. Hurd, criticized H.P.’s board last month saying it was “the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago”.
Former H.P. Chief Joins Oracle as Co-President [via]
British English teacher refutes MHA’s claims that the word “burn” will incite violence. The word “burn” is more like a metaphor and does not really mean to burn.
Mr Abdul Malik made the international headlines when he was arrested by the Singapore police for “inciting violence and public disorder” with a comment he posted on Facebook criticizing Dr Vivian Balakrishnan over his handling of the YOG.
British English teacher refutes MHA’s claims that the word “burn” will incite violence [via]
Am I happy? Why the question? A friend of mine asked me that question randomly because she herself was unhappy with many things. My answer to that question was I am neither happy nor unhappy. Kind of neutral since everyday seems to be the same to me nowadays. Nothing should change at least until end of my semester.
Google has updated its privacy policies to make it looked more trimmed and user friendly. Please note that there are no change in their policies and Google did was just merely updating and trimming, making them more transparent and understandable. Google also provided individual pages to explain specific privacy practices with respect to certain products and services, e.g. Gmail, Docs, Calendar, Talk and YouTube. For more, just go to http://www.google.com/intl/en/privacy.html.
Google's 5 privacy principles Use information to provide our users with valuable products and services.Develop products that reflect strong privacy standards and practices.Make the collection of personal information transparent.Give users meaningful choices to protect their privacy.Be a responsible steward of the information we hold.
As more are taking up Google Android smartphones, its competitors especially Apple iOS devices, are feeling the heat.
Pulling out to a yearly view, Android has now gained 18.6 percent in web consumption share, mainly pilfering the attention away from Apple's iOS devices (down 11.4 percent). RIM has managed to most consistently weather Android's growth by losing only 1.6 percent of its web market share throughout the same time period.
Android Continues to Chip Away at Smartphone Web Consumption [via]
I have sold off all my SMRT shares today at the price of S$2.06 per share, to make a 17.71% profit after one year. This is my second sale of SMRT and both contributed to similar gain. I feel the need to sell when the % gain is not spectacular after reading SMRT may be kicked out of the Straits Times Index (STI) in this coming review.
Over the coming weeks, we will be making two important updates that will impact how you interact with Twitter applications. We are sending this notice to all Twitter users to make sure you are aware of these changes.
What are applications?
There are over 250,000 applications built using the Twitter API. To use most applications, you first authorize the application to access your Twitter account, after which you can use it to read and post Tweets, discover new users and more. Applications come in many varieties, including desktop applications like TweetDeck, Seesmic, or EchoFon, websites such as TweetMeme, fflick, or Topsy, or mobile applications such as Twitter for iPhone, Twitter for Blackberry, or Foursquare.
Update 1: New authorization rules for applications
Starting August 31, all applications will be required to use “OAuth” to access your Twitter account.
OAuth is a technology that enables applications to access Twitter on your behalf with your approva…