so fast do the switching the Mappletree ? any particular reason ?

I have ard 4000 units of Keppel R. still keeping them.

Maple business city rental is only half from kepple buildings and just a couple of mrt stops away. In times of not so good economy, mbc will have better demand for its office space. I am more favorable to business parks rather than teir 1 office building with super expensive rental.

Yes, but the price of the building is also bought at half psf so it is fair and square. Look at last few years, kepple keep dropping divvy and mapletree com keep raising divvy.

I am vested in aims but not acendas, due to yield difference. If you want AU exposure, good one will be frasers LT&I

Sg properties suffering from over supply and is currently downtrend, while AU is on the uptrend.

Sg reit sales might be coming soon. Yesteday yellen speech mention the time is right for us to raise rate. Trump also say there will be major tax announcement next week.

Time to save bullets.

Of course you can sell on the same day it is called intraday trade. Your trading limit will be returned to you immediately.

Of course you need to pay brokerage to buy and sell. The money for the buy and sell will contra off and the balance will be credited to you within 3 days, in this case the profit.

Ramjade.. Sell via DBSVICKERS is SGD25 min...
and if u are using DBS VICKERS cash upfront.. you have to notify DBS to give u a sell limit.

Tq bro fro the detailed analysis into each property,.... :thumbsup:

On that land lease matter, actually, even if the SG gov't does take back the land for other projects, the gov't will reimburse VIT fairly, right ? Has any SG REIT ever encountered land lease expiring today ? How do they go about this ?

There is another risk with VIT. The gearing is around 38%, if my memory serves me well,... Are their interest rates fixed ? How many percent fixed, because if not, when interest rate rises, interest expense will eat into the gross rental collected, hence, reducing distributable income to be paid out.

VIT likes to 'ask more money from unitholders too'. In the last few years since listing back in 2013, there has been three exercises. What do you think of this ?

If you want higher divvy, you got to take some risk, but take a calculated risk by doing your homework.

yellen had previously said, "3 hikes in 2017".

the market has priced in high probability for rates hikes in june and dec, with a small prob one in march.

so, unless inflation runs out of steam in USA, chances are us bond prices will soften a bit more by year end.

so will sgreit prices.
well, on the other hand, SGD is approaching RM3.15!

More dangerous is the valuation effect..

Once a property have loss it master lease (in this case 21 years outstanding), the building valuation will come down drastically. Once the valuation comes down, the gearing ratio will be bumped up as asset price fall. If the gearing ratio hits a fund internal limits, they will have no choice but to do rights issue to raise funds.

Thus begin the death spiral (like sabana) ...

There are many opinions on rights issue, some people avoid it at all cost, some are ok with it and some chase after rights issue. It depends on how the person approach investing.

Negative view : Some people are really anti-rights issue, and will dump the stock immediately after announcement. These people view that the reit is trying to be greedy and take back all the dividend given previously. They approach reit investing in a short term profits.

Neutral view : Some are ok with rights issue, provided the rights issue is done with a net increase in DPS, they will subscribe for the rights issue as a chance to increase their holding at lower prices. They approach reit investing at a medium-long term profits.

Positive view: Some really like rights issue, as an arbitrage opportunity to grab low cost REIT shares either to keep for long term. They will typically subscibe for excess shares and also buy tradeable rights on the market to convert. The more rights you buy in relative to your holdings in theory will lower your average cost but you need to foot up a lot of money.

For me I approach it neutral, but I know some successful REIT investor goes with the positive view. If you do not subscribe to rights, when issued, you get diluted and can actually lose overall DPS.

All in all, in depends on the rights price, discount and the use of the money (relative to DPS). Rights management is very important to REITs investing.

If you decide to subscribe for the rights, you can fill up the amount of excess rights you wish to subscribe in the form. However payment for all rights (and excess) have to be done first, and excess money will be returned later. Later the company will allocate the excess rights to any investor who request it, not necessary you will get your full request but usually will get some depending on how many unsubscribe rights available.

If you don't sell, don't subscribe .. you get diluted... each of your share will become less value and get less DPS.

Buy more during rights is also possible.. depending on the price vs the rights price vs theoretical ex-right price. All these info you can get from the prospectus.

No, but you are selling your 'option' to subscribe more shares at lower price.

Here is a link to learn more rights issue context in SG

https://www.martinlee.sg/understanding-rights-issues/

https://www.martinlee.sg/rights-and-their-q...e-implications/

No one says direct stock investing is easy.. 

i think u using STD CHART nominee can...

I using DBS direct ac.. cannot subscribe.

Yes, as long as you can fill in the form, mail it and transfer money (cashier's order) to the registra account.

Better to use nominee account.

If you cannot subscribe the rights, there is a way to more or less manually subscribe the rights but you pay a bit extra (in terms of arbitrage and trading cost).

1. Get your rights share
2. Sell your rights share near to the (theoretical ex right price -  rights price)
3. Use money to buy new shares from market

Example, $1 share, 1:1 rights issue at $0.8, you have 1000 shares. Theoretical ex right will be $0.90

You get 1000 units of rights shares, sell it at $0.1, and then buy 1000 units at market at $0.9. Your cost will be ($0.9-$0.1=$0.8, same as  right price)

More or less the same as subscribing to the rights, in theory at least. 

If sold cannot fill in the form.. this one maybe you need to check with DBS.

IMHO it is better to use a nominee account.

Sorry for asking silly questions.

I understand that before buying SGX shares or S-REITs, I need to have a trading account, such as a DBS Vickers trading account.

For that, I want to apply for a DBS Vickers online trading account.

What I have now is a POSB saving account (with access to DBS iBanking website), and CDP account.

1. I realize that inside DBS iBanking website, I can apply for DBS Vickers online trading account. In the online application page, one question is asked, namely: "Is Singapore your sole country of tax residence?". I should press "No", right? Then, I shall upload a scanned image of my Malaysian Identification Card, crossed with the words of "for opening only DBS Vickers online trading account".

2. There are 2 types of Cash Upfront Accounts from DBS Vickers. Which one should I choose?
Cash Upfront Account (http://www.dbs.com.sg/vickers/en/accounts/types-of-account/cash-upfront-account)
Cash Account (Online) (http://www.dbs.com.sg/vickers/en/accounts/types-of-account/cash-account) 

Thank you for your information. 

FYI, I open my MKE at westgate mall  very fast and open on weekends. My assigned broker is leslie toh, very responsive, he also got account at lowyat.