Indian company disclosure sure make lots of confusion..

This morning, MKE analysis says 1.15 per share..price surged..

Then afternoon, Nomura says 90-91 cents per share..after all debts, price crash..

Then evening, MKE revise to 1.05 per share, after debts at trust level only..

So confusing, even analyst cannot digest properly..

not really a huge discount, on paper yes 5-6 cent discount, but AA will pay 2 cents divvy special divvy before placement. So discount is just about 3 cents..

Not really.. spectacular..

This post has been edited by gark: Nov 23 2017, 08:48 AM

I did haha.. sold some overpriced reits and move into divvy stocks..

Risk for REITs are getting higher everyday...

2.6% is the number everyone looking for.. which will be significant.

This post has been edited by gark: Dec 21 2017, 02:30 PM

A few bond guru, says 10Y yields persistently above 2.60 will be the tipping point for a bond selloff...and will enter a secular bear market.

https://www.reuters.com/article/us-funds-in...t-idUSKBN14U1I4

Now looking at the weak USD, coupled with inflation and raising rates. 2.6% is a real possibility..

This post has been edited by gark: Dec 21 2017, 03:46 PM

Capital mall..

Lippo debt just got downgrade to junk.. and IDR slide 10% against SGD..

More weakness incoming..

Dragging it's sister REIT together with it..

But the fundamentals not same..

Wait cheaper can load up.

This post has been edited by gark: Dec 22 2017, 11:21 AM

First reit is also owned by Lippo group, but rental paid in SGD.

Now only go aussie? Too late or not.. people exiting aussie liao.. currency dropping..

FCT.. is going to europe, euro going up..

This post has been edited by gark: Dec 22 2017, 12:19 PM

I have been monitoring IDR SGD exchange rate.. which has dropped 10% in 2017. LMIR will reflect these weakness in the following QR.

Crazy rates..

That is the trap eh...



This post has been edited by gark: Jan 3 2018, 09:39 AM

Buy with DBS.. do free transfer to a new brokerage account... then sell.

This post has been edited by gark: Jan 3 2018, 10:18 AM

Can... you can transfer from one CDP to another.. and also to broker CDP if nominee.

Some broker if you open new account, will have one time offer to transfer for free..

This post has been edited by gark: Jan 3 2018, 10:22 AM

You can nego when open account..

Most broker will oblige.. 1 time only.

Yeah no REIT bargains in SGX.. now REIT bargain shifted to KLSE..

No more SGX reit.. all over priced and interest risk coming

Recently.. bought some Thaibev, Singtel and STE

KLSE reit.. CMMT, KIPreit. MQreit and IGBreit

KLSE divvy .. astro, pwroot bought mostly during the heavy selldown recently...

Sold all nestle..

No time to play active stocks.. liao.. so keep all divvy stocks only..

This post has been edited by gark: Apr 27 2018, 11:58 AM

Did not sell all my existing SGX reit.. just 'no more' buying new SGX reits..

New SGD cash put in the 3 stocks i mentioned..

nestle is a very good stock but wayyy overpriced liao.. <2% divvy, PE 50x... better to exchange with other stocks..

My disposal average price 14X.. starting from early of year until recently..

This post has been edited by gark: Apr 27 2018, 12:21 PM

Just read on the disposal of Sembawang mall by Capitalmall... latest valuation $126 million done on Dec 2017 but sold at $248 million...almost double.. a few months later.

Valuation done by REITs is based on cashflow basis... and not actual property value. That is why you have such big fluctuations in value when tenancy drops..

This gets me thinking.. there might be a serious mismatch on the property value held in REITs compared to market value.. but we cannot realize it unless they sell

Hmmm...



Also I have been tracking Sungai Wang mall under CMMT.. the property value drop almost 60% already.. getting lower year on year using DCF valuation becasue of huge negative rental revision.. latest at mere RM 500 psf net lettable area.. cannot be so cheap gua..

This post has been edited by gark: Apr 27 2018, 03:01 PM

The mismatch of REIT property value and actual property value is due to different valuation methods used.

When REIT value their property is always on DCF method.. ie total rental income received over a number of years. If rental comes down, the revaluation of the property will come down.

On layman when they sell the property, they will consider the 'market' value of the land and building, income generation is usually not much of a factor.

Hence REIT can sometimes over or under value their assets.. depending on rental income generation.

This post has been edited by gark: Apr 27 2018, 05:38 PM