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 Singapore REITS, S-REITS

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Ramjade
post Mar 29 2017, 01:19 PM

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QUOTE(gark @ Mar 29 2017, 01:16 PM)
What is current witholding tax % for ASX? I forgot..  tongue.gif

You should start a ASX reit thread.. so all the info can be at one place for discussion.  thumbup.gif
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30% same as US dry.gif shakehead.gif
Ramjade
post Mar 29 2017, 01:25 PM

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QUOTE(gark @ Mar 29 2017, 01:20 PM)
Issit...  hmm.gif

But if the divvy is franked, should be able to offset some.. i think.
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Valid only for those stay in AU. Can check out ASX thread. For those don't stay there (like me), yield is more or less same with SG.

That's why not sure if I want to go that route. That's why I am looking at HK. Tax free. But cannot open HK bank account. AU bank account easy to open

Good thing about SG, AU, HK, - no inheritance tax unlike UK and US dry.gif doh.gif
Ramjade
post Mar 29 2017, 01:40 PM

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QUOTE(gark @ Mar 29 2017, 01:31 PM)
Here the Aus tax office writes...
https://www.ato.gov.au/individuals/internat...eign-residents/

Franked dividends are exempted from witholding taxes...  hmm.gif

So ASX shares mostly franked or unfranked? MY and SG already moved all to 100% franked...
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Actually no need to think so hard for people who are not living there. Dividend - 30% tax = what you get.
If you are living there, then need to think hard laugh.gif
It's already mentioned in this thread https://forum.lowyat.net/topic/4140388

Btw, all my S-reits which I want to buy all lari away sad.gif
Hopefully trigger of article 50 can cause some selling biggrin.gif

This post has been edited by Ramjade: Mar 29 2017, 01:42 PM
Ramjade
post Mar 30 2017, 02:55 PM

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Anyway, I will for after ex date. Might get some bargains then.
Ramjade
post Mar 30 2017, 10:38 PM

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QUOTE(elea88 @ Mar 30 2017, 10:33 PM)
what goes up will come up eventually.. dunno when only.

It need to come down for it to go higher. That is the norm.
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I am trying to buy croesus at 0.89. See can get or not. 8.04% also ok
Ramjade
post Mar 30 2017, 11:00 PM

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QUOTE(gark @ Mar 30 2017, 10:56 PM)
My average is 77c.. this one. One of my most profitable reit.

Planning to top up more at around 83-85...
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(i) This is business trust or reit? Cause I saw the gearing at about 45% and still ok. No rights sad.gif
(ii) How come my order not furfilled? I queue it at 0.89 price drop to 0.89. At least fulfilled partially la sad.gif

I think 0.87 also hard to get. sad.gif

This post has been edited by Ramjade: Mar 30 2017, 11:00 PM
Ramjade
post Mar 30 2017, 11:03 PM

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QUOTE(gark @ Mar 30 2017, 11:02 PM)
Yes it is trust, not rights. Trust got no gearing limit...

Got more ppl q at 89... Belum reach ur turn yet lo...
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But I queue since 11am. confused.gif Price only drop to 0.89 at about 4pm
Ramjade
post Mar 30 2017, 11:11 PM

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QUOTE(gark @ Mar 30 2017, 11:06 PM)
Got ppl q earlier than u lar... Maybe they q at 9 am?

Tomorrow try again lo.. q earlier. smile.gif
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Btw, if I queue at night (like now) vs queue tomorrow morning got difference?
Ramjade
post Mar 31 2017, 12:03 PM

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QUOTE(Hansel @ Mar 31 2017, 11:57 AM)
Guys,... I have a suggestion here : for Croesus, why not wait till they completed their next rights issues or placement shares exercise first, then buy immediately when 'all the apples are mixed together' ?

Price will surely drop then.

There will be one exercise every year, normally in the third qtr..
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Are you sure? They are not reit as gark said. So they are not restricted by the gearing level. They can exceed the gearing and no issue.
Ramjade
post Mar 31 2017, 12:13 PM

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QUOTE(Hansel @ Mar 31 2017, 12:09 PM)
Why are you talking abt gearing ?

Nothing to do with gearing here, they can increase their capital by getting loans, or they can increase their number of units to take in more invesrtors/subscribers, depending on their strategy,...

What I noticed is they have been increasing their number of units every year,...

With increase in units, comes dilution, generally, and mkt will throw at that moment.
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They are not reits, so they don't need to bother with gearing. Which means they can take in loan to buy assets. They don't need to do a right issue.

If they don't do a right issue, the price won't drop...
Unless they do right every year

This post has been edited by Ramjade: Mar 31 2017, 12:15 PM
Ramjade
post Mar 31 2017, 12:51 PM

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QUOTE(Hansel @ Mar 31 2017, 12:42 PM)
Bro gark,... you took the words out of my mouth,.. I was abt to say this to bro Ram, and to add-on, a trust is not able to borrow till the hilt too because the financiers will not allow this,...

Anyway,.. Ran missed the point,.. why talk abt grearing when I'm talking abt dilution ?

Bro Ram - chk the history of CRT since listing,... look at their activities, always have units base increase every year,...
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Where can I get this info?
Ramjade
post Mar 31 2017, 11:20 PM

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QUOTE(bearbear @ Mar 31 2017, 11:00 PM)
bro ram managed to hoot croesus? 0.89 now
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Nope. Change price to 0.885. Tak dapat. After what hansel said there will be rights coming, postpone it until rights devil.gif
Ramjade
post Apr 1 2017, 07:56 PM

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QUOTE(gark @ Apr 1 2017, 01:31 PM)
Most REITs want to acquire a lot of asset because they can monetize their sponsor's asset and also get higher management and transaction fees.

This Croesus has just internalized their manager, so there might be not so much incentive to add more assets to raise fees.. because there are no more fees (only more work for manager, without additional reward). The manager now works solely for the shareholders.

This REIT is no longer the same REIT compared to previously..
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I forgot about this. doh.gif Requeue on Monday at 0.89 laugh.gif

QUOTE(gark @ Apr 1 2017, 05:08 PM)
They are independent since IPO.. they have no sponsor. They have done quite a good job so far IMHO.

I am happy if they just continue to keep delivering the same DPU forever..  rclxms.gif

The majority shareholder is Tong Jinquan.
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Kasi chance la. Turun sikit. I beli lagi thumbup.gif

Frasers Logistics lari. Mapletree GCC also lari ranting.gif

This post has been edited by Ramjade: Apr 1 2017, 07:58 PM
Ramjade
post Apr 1 2017, 10:05 PM

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Maybe got chance to enter Mapletree china and croesus on Monday already with Trump latest words... hmm.gif
Ramjade
post Apr 2 2017, 10:15 AM

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QUOTE(cherroy @ Apr 2 2017, 10:06 AM)
Set aside the dilution effect, I am more concern about the need of constant forking money to subscribe the placement/right issue.

Reit is supposed to be fixed income instrument, we expect it to generate income to us, instead taking more money from shareholders.

If a reit is constantly having right issue/placement, it defies the "income instrument" purpose of reit.
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Since you are moving to s-reit, what's on your shopping list? laugh.gif
Ramjade
post Apr 2 2017, 04:18 PM

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QUOTE(cherroy @ Apr 2 2017, 12:58 PM)
I opened to all suggestion.

My current watching list are
Starhill
CapitalMall
Maple log
KDC
Ascott (after the right issue)
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I think KDC is bad.
http://singaporeanstocksinvestor.blogspot....el-dc-reit.html
Ascott got potential after they reach their target but again need to see whether nest year got rights some more or not.
http://singaporeanstocksinvestor.blogspot....ted-rights.html

Not only he said that. Other bloggers also said avoid all Keppel related reit as keppel is a bad sponsor who treat thier reit as ATM machine sad.gif

This post has been edited by Ramjade: Apr 2 2017, 04:19 PM
Ramjade
post Apr 2 2017, 05:11 PM

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QUOTE(cherroy @ Apr 2 2017, 05:06 PM)
KDC DPU plunged in 4Q because of dilution of new right share issued that being used to fund the new property.
While new property only can start contributing income in the 1Q 2017.

Excluding the one off dilution effect, the DPU going forward is expected to be 6.6 to 7 cents, so translated yield is expected in the range about 5.7~6.1%. (I based on 1.15)

KDC is in my watch list mainly because long WALE and low gearing.

For Keppel reit, I don't know too much though.
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More info is given by the author
http://singaporeanstocksinvestor.blogspot....investment.html
Ramjade
post Apr 2 2017, 08:05 PM

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QUOTE(bearbear @ Apr 2 2017, 07:46 PM)
how bout "golden goose" like AART & croesus?
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They are still ok thumbup.gif

Croesus as what gark said, they are not the same as last time. Won't ask for rights every year so returns should be good.

I am looking to add both Croesus ASAP before it run away and AART next year when they have 20+% lease expiring thumbup.gif No hurry now.
QUOTE
9% in the remaining FY17
29.4% in FY18
17.9% in FY19
13.8% in FY20
Oversupply of industrial place + many lease expiry =price is going to get knock down drool.gif drool.gif The question is now how much hmm.gif

This post has been edited by Ramjade: Apr 2 2017, 08:10 PM
Ramjade
post Apr 3 2017, 04:24 PM

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QUOTE(Hansel @ Apr 3 2017, 02:54 PM)
Well,... Frasers L&I ran away, PLife REIT ran away, UMS ran away,... read my earlier postings,... glad I loaded up earlier !

Now looking at another one which has not moved further away, though it is now at its all time high,...
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Kasi clue... laugh.gif
Ramjade
post Apr 3 2017, 10:44 PM

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QUOTE(prince_mk @ Apr 3 2017, 10:41 PM)
Can topup at 0.90 ? Shall I wait for little correction. I guess bit high now.
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It's going up. I am going to queue at 0.89. Queue at 0.885 also tak dapat (after Trump said bad stuff about japan)
It's trying to break 0.9 but I think it's hard to break 0.9
Besides, don't have in my portfolio.
Mapletree China also going up doh.gif Thought it will the affected especially Trump talk recently about china. Hopefully this coming meeting will push the price down.

This post has been edited by Ramjade: Apr 3 2017, 11:02 PM

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