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 Singapore REITS, S-REITS

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gark
post Aug 21 2017, 03:14 PM

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QUOTE(Ramjade @ Aug 21 2017, 12:15 PM)
0.12% is already low. If you use cash account linked with CDP (direct account), usual cost is 0.25% or min SGD25  whistling.gif.
Most prefunded account (nominee account) charge you 0.18% or SGD18.

You can't escape brokerage charge. If you want to escape brokerage charge, only US, HK, EU, UK brokerage (for their exchange) got no charge. Not all give you free. Only some in that country (if you know where to look).

Here's some of the full list
http://fifthperson.com/how-to-open-a-broke...t-in-singapore/

Note: DBS Vickers prefunded is direct account which cost 0.18% or min SGD18 (now with promo it's 0.12% or min SGD10-SGD5 (SGD5 rebate)). When you sell, it's 0.25% or min SGD25

None of them let you open online except FSM. But some let you apply via post. If you apply via post, all documents need to be verified with commissioner of oath (for direct account)

Of course you can't compare with with Malaysia, US brokerage (RM8, USD4.95) charges.- don't look at the currency. Look at the number.
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MKE now 0.12% to SG, US, HK and China stocks.. better deal. Min is SGD 10 for SGX, USD 10 for US, and HKD/RMB 50. For both buy and sell.

Plus got trade rebate too, 5 free trades and voucher for new customers. tongue.gif

This post has been edited by gark: Aug 21 2017, 03:18 PM
gark
post Aug 21 2017, 03:22 PM

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QUOTE(elea88 @ Aug 21 2017, 03:18 PM)
how the trade rebate work..?
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Something like trade few times, get free vouchers.. did not read the full T&C..

http://www.maybank-ke.com.sg/latest-offeri...mmission-rates/

Also got FOC US live prices for trading..

Good to let all the brokers fight.. we get cheaper trades. laugh.gif

This post has been edited by gark: Aug 21 2017, 03:26 PM
gark
post Aug 21 2017, 03:50 PM

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QUOTE(elea88 @ Aug 21 2017, 03:46 PM)
u purchase yr US shares via Maybank Ke?
how they charge for dividend receive?
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Not yet, but rate is :-

If more than SGD 500 dividend= at 1% of dividend max SGD 50.
If less than SGD 500 dividend = SGD 5
If less than SGD 100 dividend = SGD 2

Also custody fee of SGD2 per counter per month.

This post has been edited by gark: Aug 21 2017, 03:53 PM
gark
post Aug 22 2017, 08:35 AM

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QUOTE(Hansel @ Aug 21 2017, 06:46 PM)
Wow, bro Gark,... MKE will take away a certain percentage of our dvd received ?
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Only for non SGX counters.. tongue.gif
gark
post Sep 14 2017, 08:42 AM

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QUOTE(Ramjade @ Sep 14 2017, 08:08 AM)
Private placement means doing rights but not for people like you and me. People like Hansel can subscribe. whistling.gif tongue.gif

It means we get diluted sad.gif

Preferential offering is like bond but you got no voting rights. In caae MLT go bust, they will get the money back first then only us. Like the DBS 4.7 shares. You buy that, DBS will pay you fix 4.7% but you cannot vote.
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No.. preferential offering for REITs is like rights issue, except you cannot buy/sell the rights. You have to subscribe or you get nothing.

ie... forced subscription tongue.gif

This post has been edited by gark: Sep 14 2017, 08:43 AM
gark
post Sep 14 2017, 09:22 AM

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QUOTE(Ramjade @ Sep 14 2017, 09:10 AM)
Really ah? Thanks for the info.
So if I my stocks are with CDP, how to subscribe? 
If with Maybank KE, can ask leslie to do for us?
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In CDP.. dunno..

If MKE, yes you can ask him to subscribe for you.. tongue.gif
gark
post Sep 14 2017, 09:31 AM

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QUOTE(elea88 @ Sep 14 2017, 09:27 AM)
its at discounted rate wor... then sure need subscribe right?
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It depends..if the investment is yield accreditive. Otherwise no.

Yield accreditive means after subscribe, you get higher DPU per unit. nod.gif
gark
post Sep 14 2017, 12:48 PM

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QUOTE(Ramjade @ Sep 14 2017, 12:45 PM)
Damn la  bangwall.gif Semua pun mesti ada SG address doh.gif  doh.gif How to cater for international investors like that?  sad.gif
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Use nominee ... whistling.gif
gark
post Sep 18 2017, 08:58 AM

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QUOTE(Hansel @ Sep 17 2017, 11:00 PM)
If you have started investing in KDC REIT since its IPO in abt a year-plus ago, you will remember that Dublin One started in the same way,... then subsequently, tenants dropped out with some reasons,... and this forced the mgmt to upgrade the power system in the building in order to be able to attract future tenants.

Hence,... there is a risk that Dublin Two could have hidden exposures like this,... I suspect tenants in North Ireland are more fussy abt the infrastructure,.. signed leases can always be broken if some terms are not met with,... more so in a colocation environment,...
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Somehow I have always avoided Kepple's REITs... they tend not to favor minor investors.. sweat.gif
gark
post Sep 18 2017, 10:05 AM

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QUOTE(Hansel @ Sep 18 2017, 09:56 AM)
Yeah,... I had this thinking too earlier,... I spoke abt this,... but,.. well,... I don't have too much of a choice anymore since I still wanted to invest,..  Looked thru lots of counters,... after considering all the risks vs rewards,...

I jumped back into Keppel DC REIT,... yeah,... there are weak points abt this REIT,.... but I don't have better choices out there after weighing so many factors.

Otherwise, I will have to :-

1) depend on new listings which are hopefully better,... say,.. like the coming CEREIT this Thursday and the coming KBS Realty / Keppel Capital JV, which I am still doing now,...

2) depend on possible improvements in fundamentals in current counters in the SGX,....
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I still have about 30% cash reserve capital for SG REIT investment..

Need to wait for better opportunity to bite, prices are not exactly cheap now laugh.gif

But on other hand keeping cash for too long, means opportunity loss from DPU.. sad.gif

Decisions, decisions.. sweat.gif

This post has been edited by gark: Sep 18 2017, 10:06 AM
gark
post Sep 18 2017, 10:20 AM

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QUOTE(cherroy @ Sep 18 2017, 10:17 AM)
With recent dovish stand of Fed, I do not think reit price will go down very much.

Either close one eye, buy at elevated level  wink.gif , or park somewhere else like bond fund as Ramjade said.

We may need to wait much longer and need more patient for bargain.
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Emm I view REIT and bonds have the same correlation (interest sensitive).. if anything will cause REITs to come down in prices, so will bond.. unless we are talking about really short term bond.. which yields very low. if we are caught in a downturn, we have no bullets (cannot liquidate bonds at loss), to take good opportunity.

Maybe might invest in divvy stocks, less sensitive to interest rate.. sweat.gif

This post has been edited by gark: Sep 18 2017, 10:21 AM
gark
post Sep 18 2017, 10:58 AM

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QUOTE(Ramjade @ Sep 18 2017, 10:46 AM)
Depends la what kind of bond fund. If you choose a good bond fund, they basically just shug it off like nothing or it don't even drop. If bond on it's own then different story.

United SGD Class A bond fund are one of the most stable bond fund but return also little sweat.gif  doh.gif (2-3%p.a). I know some SG bloggers use this as parking place.
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Bond fund also can crash one.. you need to look at longer term (2005-2007). Higher rated bonds and/or lower tenure will have less risk.

United Bond fund is rated AAA... so it is less volatile, and at kind of rate better invest in MY FD onli. rolleyes.gif

Anyway thanks, will consider more options.
gark
post Sep 18 2017, 11:20 AM

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QUOTE(Ramjade @ Sep 18 2017, 11:16 AM)
True. That's why I decided not to go for High yield/junl bonds funds. Higher yield, higher risk. The purpose of bond fund in my opinion is to
1) stabilize portfolio as it won't swing too much
2) wait it out until opportunities arise (parking place)

Malaysian FD 3% vs SG bond funds giving 3% is very different you know  tongue.gif
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MY FD can get 3.9%-4.1% better than SG AAA bonds at 2-3%... tongue.gif

But currently fluctuation plays a part.. tongue.gif
gark
post Sep 18 2017, 11:46 AM

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QUOTE(Ramjade @ Sep 18 2017, 11:25 AM)
Don't use FD as parking spot. Use amanah saham as parking spot. Can withdraw anytime and return min 6% (provided you buy on/before the 1st of every month) and hold until the next 1st. That's the best I can find for Malaysia.

For SG, no choice, need to pick bond funds  sad.gif Unless you got lubang  tongue.gif  tongue.gif

Anyway OT
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Amanah is too trouble some...

Anyway back to topic.. bought any REITs lately? tongue.gif

Only REIT which can buy which is relatively low risk (due to super long WALE) is First Reit... hmm.gif

Wonder if reasonable to add at current prices..
gark
post Sep 18 2017, 11:52 AM

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QUOTE(elea88 @ Sep 18 2017, 11:48 AM)
Lippo is also above 8% yield...

but u say to monitor exchange rate closely for these 2...
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Lippo M is full of traps.. beware...

A lot of their malls is under income support and not doing well, if income support is expired... yield will be affected. The first of such deal will expire end 2017.

https://heartlandboy.com/why-heartland-boy-...off-lippo-reit/

Read the fine print...item 2 sweat.gif

user posted image

This income support thing.. is what cause me to worry. Also I have visited most of their malls, not doing good judging from my visit. Lippo is based on IDR, so exchange rate affected.

First reit is relatively better... no direct income support, based on property alone with yearly escalation. Also rental received in SGD, no exchange rate risk.

And the underlying business (Siloam, SILO.JK) is doing relatively good except for the Aryaduta hotel.. rolleyes.gif

This post has been edited by gark: Sep 18 2017, 12:05 PM
gark
post Sep 18 2017, 01:51 PM

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QUOTE(Hansel @ Sep 18 2017, 12:31 PM)
You are very well-informed, bro,...  thumbsup.gif

I did see the above clip by HLB earlier,... BUT when I dug everywhere in the net, I couldn't find that OCBC report that claimed there are income support sources stopping by this year-end,... when I asked in one of the SG forums, some forummers recommended not to listen too much to rumours,....

Hmm,.... is there really such a report published by OCBC ? Or perhaps, something else is happening,..
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Here is the report..link.

QUOTE
The new management has taken the effort to clarify that market rents are significantly below the expiring rents for these anchor tenant leases, and we have adjusted our rental reversion assumptions accordingly. We now assume a -25% rental reversion rate for 10% of LMIRT’s leases by NLA, which are due to expire at the end of this year.

After the adjustments above, our DPU estimate for FY17 drops stays at 3.4 S cents, while that for FY18 dips from 3.4 S cents to 3.1 S cents.


Does not sound too promising.. sweat.gif

This post has been edited by gark: Sep 18 2017, 01:54 PM
gark
post Sep 18 2017, 01:56 PM

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QUOTE(Hansel @ Sep 18 2017, 12:36 PM)
Why not go for IPOs ? There are CEREIT and that JV betw KBS Realty and Keppel Capital coming up.

And take advantage of the Rights Issue exercise now with Mapletree Logistics Trust ?

The above still have openings,...
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Haha not Singaporean and no CDS.. cannot do IPOs. tongue.gif

CReit.. has too many red flags.. I opt to wait and see.. innocent.gif

Maple Logistic Trust.. not a fan of the asset base..
gark
post Sep 18 2017, 03:54 PM

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QUOTE(Hansel @ Sep 18 2017, 03:48 PM)
Right,... What opinions of the asset base of MLT ?
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Too rojak.. and too many... does not compensate the relatively low yield..


6.2% is too low for my taste for Industrial properties. My opinion only.. smile.gif

This post has been edited by gark: Sep 18 2017, 03:57 PM
gark
post Sep 19 2017, 02:20 PM

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QUOTE(Hansel @ Sep 18 2017, 05:35 PM)
Tq,...

I suspect yr pullback from this REIT is because of the yield,... not really because of it having too many props,...First REIT has many props too,.. appreciated yr wise inputs, bro,..... thumbsup.gif

Wanted to add this too,... I was flipping over to my pricing pg and suddenly thought abt this : if we leave our money lying ard or earning peanuts, it's like leaving a commercial unit empty because we are just trying to squeeze out the best rental rates from a wishful tenant in future. For me,... I'd rather drop my rental a bit and rent it out,...
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Yeah too low yield for me...

Buying at high price has it's risk too, in rental you cannot lose capital .. but here you can.. due to market swing. brows.gif
gark
post Sep 19 2017, 02:27 PM

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QUOTE(Hansel @ Sep 19 2017, 12:24 PM)
Long WALE may not be safe too,... if a tenant won't pay,... it goes into problems too,... pity Soilbuild REIT,... 1st, got it from that O&C company,... now,.. getting it from NK Ingredients,...

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I already posted on soilbuild's risk in my last review, when I decided to go with Viva compared to soilbuild (that time both selling at same yield). Looks like a good decision so far. thumbup.gif

» Click to show Spoiler - click again to hide... «


Soilbuild's problems is more to go.. there are another 2 OnG company which is not doing very well..

We must also look into the underlying business, holding the property if it is sustainable.. as part of picking REITs. For example why I like FR long WALE, because the underlying company is Siloam. And doing my research on Siloam, they are porfitable, wants to expand quickly (thus disposing property). The rental they pay compared to their underlying business is insignificant (2.6% of revenue.. innocent.gif ). They are not likely to pickup and move elsewhere anytime and will add lots of new hospitals soon.

if interested can read more in this link..

» Click to show Spoiler - click again to hide... «


This post has been edited by gark: Sep 19 2017, 02:38 PM

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