Sow My Seeds

Brexit, Brexit, Brexit.. It's all over the papers and internet. We see long queues at money exchangers. Brexit reminds me of the times when Singapore broke off from Malaysia about half a century ago. Although I wasn't born yet, the clips watched during our Jubilee Year Celebrations certainly made me realise how scary it is to break off and stand on our own. I am sure the British must feel the same.

Nevertheless, after a thunderstorm is always sunshine. Our country is a clear living proof.

Although there are quite a few stocks in SG's market with exposure to the British market, let's look at 3 common big stocks that we usually hear of, to observe and catch any opportunities during this uncertain moment:

COMFORT DELGRO
ComfortDelGro operates bus and taxi services in the UK. It's fleet makes up more than 1,700 buses, 5,254 radio taxis, and private hire vehicles. This portion of the business accounts for 20% of group operating profit.

CITY DEVELOPMENTS
City Development has exposure via it's 65% stake in Millennium % Copthorne, which holds 17 hotels across UK. They have also recently acquired an office building in Shoreditch, UK. There is also a residential exposure via development sites at Reading, Central London, Teddington, and Mortlake.

ASCOTT REIT
Ascott Reit owns 4 service residences in the UK, which constituted 12.4% of their total asset valuation (as at end of FY15) and 13% of FY15 total gross profit.

Here's some info on the 3 stocks performance:

	Stock Name	% drop on Fri 24/06 after Brexit Vote Results	Fri 24/06 Closing Price	Div Yield % pa	No. of payouts a year
1	Comfort DelGro	-2.60%	$2.67	3.37%	2 times
2	City Dev	-4.40%	$8.31	0.96%	2 times
3	Ascott Reit	-2.7%%	$1.095	7.29%	2 times
Reference	STI Index	-2.10%	2,735.34