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 Singapore REITS, S-REITS

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TSprophetjul
post Mar 7 2017, 02:09 PM

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QUOTE(Ramjade @ Mar 7 2017, 02:06 PM)
Don't use their trading portal. Not worth if you are using custodian account. There's maintenance fees involve.

It can also TT money back to Malaysia instantly and free. Something to rival DBS.

You might be interested in their CIMB Foreign Currency Current Account too as only need to maintain min 1000 unit of FCY (one of the cheapest). Again no charge for incoming TT in FCY.  rclxms.gif  rclxm9.gif But I have no idea how to move USD around in SG. hmm.gif

If use Cheque, it's free.

My strategy:
- Broker : Maybank KE Prefunded + Multi Currency ePay
- Bank: Cimb, Maybank, DBS (DBS will try to convert to cheap account, no point having MCA with them as they are useless now)
- Parking : Cimb
- Incoming TT : Cimb ( zero for incoming TT save SGD10-20/incoming remittance)
- Outgoing TT : Transferwise

Only problem, no idea how to move USD from Cimb to Maybank.  sad.gif
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I need a trading portal connected to the bank.

My bank is also charging me custodian fees for shares held presently.
TSprophetjul
post Mar 7 2017, 02:15 PM

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QUOTE(simonhtz @ Mar 7 2017, 02:11 PM)
Just to share my wife, working in Malaysia can open this account with NRIC and passport alone. No working permit required.

Once the application is approved, CIMB SG will mail the login token to our Malaysia address. From then, she could administer her accounts. She got the account with the 0.8 interest cause she wanted the ATM. I got the latter with 1% cause I don't need the ATM card.

We dropped by at the orchard branch to do this though. I did mine online.

Next stop for her is we will visit CIMB Raffles branch to open a securities account. I was told it was subject to approval though. The securities account is nominee though.
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Thanks for sharing. But 1 wife is enough! laugh.gif

Seriously, this is all very good info. But I need to have an efficient and cheap portal to trade in. Half my equities are U.S equities.
TSprophetjul
post Mar 7 2017, 02:23 PM

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QUOTE(Ramjade @ Mar 7 2017, 02:18 PM)
For SGX:
Best choice: SCB (lowest brokerage fees)
2nd best choice: Maybank Kim Eng Prefunded, DBS V Prefunded if you want to attend AGM.

For Foreign shares:
Best choice: SCB (totally zero custodian fees)
2nd best choice Maybank Kim Eng/DBS V (they will waive the charge based on combination of Singapore & foreign market transactions:
    (a) 2 x transactions per month
    (b) 6 x transactions per quarter

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Ram,

Thanks for taking the time to summarise the portal options in SG. Much appreciated.

Looks like SCB is still the best choice for trading in SG.
TSprophetjul
post Mar 7 2017, 02:24 PM

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QUOTE(simonhtz @ Mar 7 2017, 02:21 PM)
Damn it, I forgot the -. Typing on iPhone while eating. tongue.gif
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Punctuation, Punctuation, Punctuation. laugh.gif laugh.gif laugh.gif
TSprophetjul
post Mar 9 2017, 09:39 AM

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QUOTE(gark @ Mar 9 2017, 01:08 AM)
US 10Y is almost breaching the 2.6% yield. Bill gross predicts if the yield stays above that consistently will lead to a bond bear market.

Time to get your ammo ready.. hopefully. wink.gif
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Gark,

how will this impact the Reits sector?
TSprophetjul
post Mar 9 2017, 09:53 AM

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QUOTE(gark @ Mar 9 2017, 09:52 AM)
Higher bond yields.. usually means higher REIT yields. brows.gif
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Meaning Reits price will retrace..........
TSprophetjul
post Mar 17 2017, 08:10 AM

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QUOTE(gark @ Mar 16 2017, 02:30 PM)
Not SG reits, but bonds and MY reits..  laugh.gif

SG reits is still ok... for now.  whistling.gif
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What indicators would tell you that Sreits are in bubble territory?
TSprophetjul
post Mar 17 2017, 02:19 PM

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Who likes a yield and divs paid out monthly? biggrin.gif
TSprophetjul
post Mar 17 2017, 02:23 PM

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QUOTE(Ramjade @ Mar 17 2017, 02:20 PM)
What do you have in mind? hmm.gif
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But not in SGX. biggrin.gif
TSprophetjul
post Mar 17 2017, 02:32 PM

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QUOTE(Ramjade @ Mar 17 2017, 02:27 PM)
sad.gif
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NYSE, Nasdaq,AMEX
TSprophetjul
post Mar 20 2017, 08:39 AM

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QUOTE(prince_mk @ Mar 17 2017, 09:17 PM)
should I trim Croesus. It stood at 0.905 tongue.gif today.

Have not decided what to top up then.
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I should be trimming my Croseus holdings...biggest in my stable. Maybe. Maybe not.
TSprophetjul
post Mar 20 2017, 11:52 AM

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QUOTE(AVFAN @ Mar 20 2017, 11:40 AM)
i can't handle more than 6. biggrin.gif

now, only 5.

i prefer to have less counters but more of each counter.

esp for nominee acc - each div payout carries a fixed charge.
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8 counters here. For 30 counters, may be easier to buy Reits ETF? Is there a SG Reits ETF?
TSprophetjul
post Mar 21 2017, 08:39 AM

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QUOTE(gark @ Mar 20 2017, 12:06 PM)
I am holding 70% reits/trust, 30% non reit.. for my SGD account.

For other accounts is almost 100% non REIT
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My SG shares are ALL Reits.
My US shares are 50% gold miners, 25% m-reits, 15% reits, 10% energy
TSprophetjul
post Mar 21 2017, 11:18 AM

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QUOTE(prince_mk @ Mar 21 2017, 11:14 AM)
Boss,

what are your top 5 Sg reits holding ?
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Croseus
Accordia (not reit strictly)
Viva
Aims
SoilBuild
TSprophetjul
post Mar 21 2017, 01:30 PM

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QUOTE(prince_mk @ Mar 21 2017, 12:31 PM)
Boss,

ok to keep Viva ? Some say don't keep Viva despite of high dividend.

1.Expiry Of Rental Support At UE BizHub East

The biggest concern for unitholders would be the expiry of the rental support arrangement at UE BizHub in November 2018. This is hanging like an albatross around the necks of the REIT Manager. During the latest financial results, Viva Industrial Trust received a total of $2.58 million of rental support in 4Q2016 from the vendors of UE BizHub. Extrapolating this would lead to a total of $10.3 million in rental support for an entire year.

That is 2 years away.

2.Non-renewal From McDermott At Jackson Square

When Viva Industrial Trust announced its latest financial results in January 2017, it revealed that McDermott will not renew its lease at Jackson Square when it expires in April 2017. McDermott currently occupies up to 31% of the NLA at Jackson Square. The REIT Manager has already partially backfilled the vacated space by securing Foxconn, a fellow MNC, on the same rent. That leaves 23% of the space at Jackson Square still vacant. The management has expressed confidence in filling up the remaining space owing to the central location (Toa Payoh) of Jackson Square. Finally, any downside is further protected by the rental support agreement that is be in place till November 2019. This represents ample time for the Manager to secure new tenants to replace McDermott.

That is 3 years away.

3.Limited Debt Headroom

With gearing close to 40%, it seems to suggest that any future acquisitions have to be fully funded by equity. However, gearing may drop once the AEI at Viva Business Park is completed as the asset’s valuation may increase by capitalising its construction cost. Regardless, one might want to avoid using SRS to purchase this stapled group given that rights issue is a strong possibility in the near future.

Not all rights are bad. Management quality is probably more important. When I bought, the yield was approx. 11%.
So we will see how management addresses these issues in the year ahead.Will I buy now? No.


can hear your opinion on Viva.
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TSprophetjul
post Mar 21 2017, 02:25 PM

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QUOTE(prince_mk @ Mar 21 2017, 02:09 PM)
TQ boss. Soilbuilder, are you still buying this reits ?
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No. Not yet. It's done well the last qtr. If it repeats or better this qtr, I may buy some more.
TSprophetjul
post Mar 21 2017, 02:42 PM

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QUOTE(Hansel @ Mar 21 2017, 02:35 PM)
Too busy to check every morning,... i"m queueing Frasers Logistics and Industrial Trust,.. last bought at $0.955 on Mar 17.

Bought UMS at a high of $0.700 on Feb 15,... my overall average price is at $0.6705,....now ran away already, can't buy anymore !

Bought Parkway Life REIT at a high of $2.46 on Feb 20, my overall average price is at $2.1126, a bit high now,... can't buy anymore.
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SREits are in general too pricey......no growth and compressing yield. Not good.
Better fish elsewhere.
TSprophetjul
post Mar 22 2017, 08:22 AM

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QUOTE(Ramjade @ Mar 21 2017, 09:18 PM)
Care to share where?
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US markets where there is a wide range of yield bearing stocks.

From 3 to 20% yields. CAVEAT EMPTOR!
TSprophetjul
post Mar 22 2017, 08:41 AM

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QUOTE(prince_mk @ Mar 22 2017, 08:38 AM)
Learn a new term : Caveat Emptor - the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made.
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thumbsup.gif

Especially the 20% dividend stocks! biggrin.gif
TSprophetjul
post Mar 22 2017, 11:36 AM

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QUOTE(AVFAN @ Mar 22 2017, 11:27 AM)

soilbuildbiz... this one i had cut loose at 0.71 after 11% cap loss.
now 0.65.. will see if can go back in... i kinda like another industrial reit.
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Look at the last Qtr. Earnings turned up.

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