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 Singapore REITS, S-REITS

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SUSTOS
post Apr 16 2024, 10:16 AM

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Frasers Logistics and Commercial Trust looks ok too, but Frasers the sponsor has had issues before... better stay away from Fraser's group REITs...
Avangelice
post Apr 16 2024, 10:18 AM

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QUOTE(prophetjul @ Apr 16 2024, 10:09 AM)
Then you need to read up and make a discussion rather asking for help.  icon_rolleyes.gif
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If you know me and seem me in the other subs you wouldn't be saying this which brings nothing to the table. I must politely tell you that sometimes it's good to give abit of guidance for a spark of idea.

QUOTE(TOS @ Apr 16 2024, 10:15 AM)
If possible, don't touch REITs at all. Just stick to the S-banks will do. Too many conflict of interests in REITs.

If you really feel itchy, stick to REITs with good sponsors like those Temasek-linked ones, e.g. Capitaland and Mapletree. These are usually large-cap REITs.

Sector-wise, hospitality/hotels are very cyclical and precisely the opposite of what you want: stability.

Most stable: healthcare/industrial/infrastructure, followed by data center, commercial, retail, and finally hospitality.

Good ones include: Parkway LIFE REIT (healthcare), Ascendas REIT (logistics/data center), Mapletree Industrial/Logistics Trust (logistics and data center), CICT (retail and commercial).

Hope that helps.
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Parkway was something I am looking at as Singapore is a great place for cancer treatment. Thanks for the head up.
Avangelice
post Apr 16 2024, 10:21 AM

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QUOTE(TOS @ Apr 16 2024, 10:16 AM)
Frasers Logistics and Commercial Trust looks ok too, but Frasers the sponsor has had issues before... better stay away from Fraser's group REITs...
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I think I'll stick with healthcare for Singapore as this is a familiar territory for my industry. I'm currently exposed to ytl reit that handles hotel chains

Add on went to look at the graph of parkway on ikbr. Holy smokes it's that bad huh for Singapore reits

This post has been edited by Avangelice: Apr 16 2024, 10:24 AM
SUSTOS
post Apr 16 2024, 10:25 AM

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QUOTE(Avangelice @ Apr 16 2024, 10:21 AM)
I think I'll stick with healthcare for Singapore as this is a familiar territory for my industry. I'm currently exposed to ytl reit that handles hotel chains

Add on went to look at the graph of parkway on ikbr. Holy smokes it's that bad huh for Singapore reits
*
Hehe you work at IHH hospital? Parkway LIFE REIT's sponsor is IHH. If your networking is wide enough you may have some insider news about the REIT, especially if you have SG colleagues/friends. brows.gif

Yea it's that bad. Interest rates going up is bad news for REITs. They just rely on debt refinancing to survive...

This post has been edited by TOS: Apr 16 2024, 10:27 AM
TSprophetjul
post Apr 16 2024, 10:30 AM

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QUOTE(Avangelice @ Apr 16 2024, 10:18 AM)
If you know me and seem me in the other subs you wouldn't be saying this which brings nothing to the table. I must politely tell you that sometimes it's good to give abit of guidance for a spark of idea.
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Sorry. But i don't know you or your traits. You already have your SREIT spark.
But i am just saying that coming to this thread and just simply asking for investment advice is not the purpose of this thread.
Don't be lazy. Go read up first and then come back for discussions. Maybe we will learn from you too.

This post has been edited by prophetjul: Apr 16 2024, 10:31 AM
SUSTOS
post Apr 16 2024, 06:26 PM

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IOI REITs coming soon... sponsor's leverage rises 20% in 6 months, so time to dump some assets to REIT holders to "deleverage".

https://www.sinchew.com.my/news/20240416/finance/5538156
SUSTOS
post Apr 17 2024, 07:48 AM

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KORE 1Q 2024 Key Business and Operational Updates: https://links.sgx.com/FileOpen/MREL_KORE%20...t&FileID=796873

SUSTOS
post Apr 17 2024, 06:53 PM

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Sabana REIT's AGM Q&A always makes an interesting read.

Now they are complaining the sharp jump in director's renumerations:

https://links.sgx.com/FileOpen/Sabana_AGM%2...t&FileID=796913
SUSTOS
post Apr 19 2024, 07:10 AM

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Keppel DC REIT 1Q 24 operational update: https://links.sgx.com/FileOpen/MREL_KDCREIT...t&FileID=797210

CICT 1Q 24 business update: https://links.sgx.com/FileOpen/1Q2024_Busin...t&FileID=797209
ikanbilis
post Apr 19 2024, 02:33 PM

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Reits cheap sale today!

Adding some ascendas reit to my portfolio @2.55.
SUSTOS
post Apr 19 2024, 05:36 PM

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SGIC's new letter for Sabana REIT unitholders: https://links.sgx.com/FileOpen/Sabana%20-%2...t&FileID=797250
SUSTOS
post Apr 19 2024, 08:03 PM

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LMIRT is in trouble... lenders are swapping collateral properties to reduce risks and the USD notes may not be refinanced properly with the depreciating IDR against USD...

https://links.sgx.com/FileOpen/LMIRT%20-%20...t&FileID=797276
SUSTOS
post Apr 22 2024, 08:11 AM

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QUOTE(TOS @ Apr 11 2024, 10:30 PM)
Sabana's drama continues: https://links.sgx.com/FileOpen/Letter%20fro...t&FileID=796049

This letter highlights an important issue. Retail REIT holders should READ the trust deeds carefully. Usually the sponsor will hold a large stake in the REIT, thus rendering the amendments of trust deed that are against the interest of the sponsor next to impossible (e.g. internalization of REIT manager).

Quarz and others probably realized that too late and now seek to use "non-democratic" rules to bypass ESR's majority control of Sabana, angering other unitholders...

Well, I think the sponsor is the one that laughs the way till the end... Glad that I listen to dwRK's advice and exit all REIT positions early. There's just too much conflicts of interests in the REIT model in Singapore. In theory if the sponsor wanna bully us minorities/retail unitholders, even you call for AGM or EGM will also be useless since majority votes stay with the sponsors and their affiliates.

The activist shareholder landscape in SG still has a long way to go.
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SGX Regco also thinks no one should be exempted from voting for trust deed amendments, including the sponsors. SGIC hits a wall this time...

https://links.sgx.com/FileOpen/Sabana%20Ind...t&FileID=797484

Once again, voting for anything against the interests of sponsor is a big no no in S-REITS world. SGIC should have done their homework earlier... tongue.gif
AthrunIJ
post Apr 22 2024, 08:15 AM

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QUOTE(ikanbilis @ Apr 19 2024, 02:33 PM)
Reits cheap sale today!

Adding some ascendas reit to my portfolio @2.55.
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Oh yes.

Just in time for ma bonus

🤤
SUSTOS
post Apr 22 2024, 05:42 PM

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Ascendas REIT 1Q 24 business updates: https://links.sgx.com/FileOpen/CapitaLand%2...t&FileID=797529
SUSTOS
post Apr 23 2024, 07:35 AM

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Keppel REIT business and operational updates: https://links.sgx.com/1.0.0/corporate-annou...c6a327d09ad2541

ESR-Logos interim business update: https://links.sgx.com/FileOpen/1Q2024%20Int...t&FileID=797643
ikanbilis
post Apr 23 2024, 10:13 AM

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Adding AIMS Apac reit @1.24
SUSTOS
post Apr 24 2024, 12:14 PM

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Paiseh this morning got presentation tongue.gif

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MPACT results: https://links.sgx.com/1.0.0/corporate-annou...9b38ea6c2a4e817

First REIT results: https://links.sgx.com/1.0.0/corporate-annou...13e5dee150e215e

CLCT results: https://links.sgx.com/FileOpen/CLCT%201Q%20...t&FileID=797816

Ascott trust results: https://links.sgx.com/FileOpen/CLAS%201Q%20...t&FileID=797815




Avangelice
post Apr 24 2024, 02:58 PM

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I'm holding ytl reit under bursa and thinking to divest it to invest in Singapore hospitality reits which I'm aiming for Ascott trust as their wide range of properties around the globe but looking at the underlying assets under CLAS, I'm not comfortable with the citadine and somerset brands as my personal experience with these two brands in kuching is bad.


AthrunIJ
post Apr 24 2024, 03:02 PM

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QUOTE(Avangelice @ Apr 24 2024, 02:58 PM)
I'm holding ytl reit under bursa and thinking to divest it to invest in Singapore hospitality reits which I'm aiming for Ascott trust as their wide range of properties around the globe but looking at the underlying assets under CLAS, I'm not comfortable with the citadine and somerset brands as my personal experience with these two brands in kuching is bad.
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Then basically don't.

Look at other sector.

Like industrial, office etc

Me personally is industrial as AI -> Data center and logistics -> storage and manufacturing spaces

This post has been edited by AthrunIJ: Apr 24 2024, 03:04 PM

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