Why do they bank in our usd wallet for Manulife USD reits ? I did opt to get usd. Woukd this apply same for Keppel USD ?

the price is going upwards. I think you should wait and see.

It seems you support Mapletree reits alot also I have none of these 2 reits. Only have MAGIC.

Boss

What should I enter for begining of 2018 ? Cash is sitting idle now. Can suggest

Mapletree Global Student Accommodation Private Trust (MGSA P-Trust) is a student accommodation-focused fund investing in assets in the UK and US, aiming to generate stable and recurring income to deliver an attractive total return. Globally, student housing assets have in recent years performed exceptionally well as an asset class compared to traditional real estate asset classes, delivering consistent returns throughout economic downturns. The student accommodation sector is a well-sought after asset class and is attractive to investors seeking investments which offer stable yields and attractive risk-adjusted returns.

MGSA P-Trust is fully invested with an aggregate committed capital of approximately US$535 million at Closing Date.

Mapletree is the sponsor of MGSA P-Trust, with an interest of 35% in the Trust. MGSA P-Trust is managed by Mapletree Real Estate Advisors Pte. Ltd. (MREAL), a wholly-owned subsidiary of Mapletree.

what is the minimum investment amount ?

I will pm u shortly. TQ Ramjade

what funds are you having now ?

omg..you are buying funds all over the world..

will do reading up the poems later. now in outstation. haiz

minimum per fund is sgd1k?

what is this ?

Ramjade, u use prepaid or custodian acc ?

This post has been edited by prince_mk: Jan 24 2018, 04:37 PM

Mapletree Logistics Trust (MLT) reported its 3QFY18 results which met our expectations. Gross revenue and NPI grew 2.8% and 3.9% YoY to S$98.2m and S$83.0m, respectively. This was driven by contributions from acquisitions in Hong Kong and Australia, but partially offset by loss of income from divestments and redevelopment projects, coupled with impact from a weaker JPY and HKD against the SGD. DPU improved 2.0% YoY to 1.907 S cents. On a 9MFY18 basis, MLT’s gross revenue rose 4.0% to S$287.7m, forming 70.9% of our FY18 forecast.

The acquisition of Mapletree Logistics Hub Tsing Yi in Hong Kong was completed on 12 Oct 2017, and we expect an improved performance ahead from a full quarter of contribution in 4QFY18. DPU of 5.681 S cents for 9MFY18 represented growth of 1.8% and constituted 74.8% of our full-year projection.

Positive Rental Reversions; Recovery in Occupancy in S. Korea
Operationally, MLT registered an average rental reversion of 2%, mainly driven by Hong Kong (+3%) and Vietnam (+5%), while portfolio occupancy inched up 0.4 ppt QoQ to 96.2% due largely to significantly lower vacancies in South Korea. Aggregate leverage ratio stood at 37.8%, as at 31 Dec 2017.

Reiterate BUY
We factor in MLT’s recent capital recycling activities (proposed acquisition of remaining 38% of Shatin No. 3 in Hong Kong and divestment of Senai-UPS in Malaysia) in our model and raise our FY19 DPU forecast by 0.8%. During IMF’s updated World Economic Outlook report, it raised its global growth forecasts by 0.2 ppt to 3.9% for both 2018 and 2019. It also bumped up its world trade volume growth projections by 0.6 ppt to 4.6% for 2018 and 0.5 ppt to 4.4% for 2019.

We believe this trend would benefit logistics players such as MLT. Coupled with a keen eye for a more active acquisition drive, support from its sponsor’s robust pipeline and MLT’s excellent track record of value-adding to its acquisitions, we believe it is justifiable to increase our terminal growth rate assumption from 2% to 2.5%.

Reiterate BUY on MLT with a higher fair value of S$1.48 (previously S$1.35).

In Sg FSM Recommended List, it suggests the following :

US - Fidelity America A USD
Asia Ex Japan - First State Dividend Advantage and First State Asian Growth Fund
Europe - Allianz Eur Equity Gth Cl AT Acc EUR and Threadneedle (Lux) Pan Euro Sm Cap Opp AE EUR
Japan - Aberdeen Japan Equity and LionGlobal Japan Growth Fund
China ?? Fidelity China Focus A SGD
India ?? First State Regional India Fund

Can comment on the following ? or shall I consider other funds ?

This post has been edited by prince_mk: Jan 25 2018, 11:35 AM

after tmrw is the ex date. then start collecting again.

I plan to add some.

have anyone try buy Manulife USD Reits via Stanchart lately ?

the Customer Service, we may buy via Stanchart begining 2018 (pending some documentation frm Manulife USD Reits).

5 REITS TO CONSIDER PICKING UP IN 2018

1. Frasers Centrepoint Trust
2. Frasers Logistics and Industrial Trust
3. ESR-REIT
4. Mapletree Commercial Trust
5. Frasers Commercial Trust

http://aspire.sharesinv.com/52707/5-reits-...ing-up-in-2018/

CROMWELL European Reit (CEReit) opened flat on Thursday at 0.55 euro when its units commenced trading on the mainboard of the Singapore Exchange (SGX) at 2pm.

About 12.97 million shares worth 7.13 million euros (S$11.4 million) had changed hands at 2.55pm.

The Reit's manager had offered 428.5 million units at 0.55 euro per unit to raise total proceeds of 866 million euros. Its initial public offering portfolio consists of 74 properties in or close to major gateway cities in Denmark, France, Germany, Italy, as well as the Netherlands, with a focus on the office and light industrial/logistics sectors.

Philip Levinson, chief executive of Cromwell EReit Management, said: "CEReit aims to provide our investors with access to improving European markets, as well as a geographically diverse and scalable portfolio of commercial and industrial properties."


Buy using EUR ? I m using Stanchart. Can ?

Viva Industrial Trust has reported a distribution per stapled security (DPS) of 1.857 Singapore cents for its 4Q 2017, an increase of 5.5% over the 1.76 cents achieved in the corresponding quarter of 2016.

This after its gross revenue and net property income grew by 10.8% and 14.3% year-on-year to reach SGD28.3 million (USD21.6 million) and SGD20.7 million respectively for the quarter, while distributable income came in 9.5% higher at SGD17.5 million.

Subsequently, the trust’s DPS for FY 2017 was recorded at 7.472 cents, 7.4% higher than the 6.958 cents achieved in FY 2016.

Viva Industrial Trust has described its performance for 2017 as one that was achieved despite a soft industrial market in Singapore.

Frasers Commercial Trust (FCOT) (SGX: N28U) is an office REIT that owns six properties located in Singapore and Australia. As of 30 September 2017, its portfolio was valued at S$2.1 billion.

In Dec 2017, FCOT entered a 50:50 joint venture with its sponsor, Frasers Centrepoint Limited (FCL) to purchase Farnborough Business Park for £174.6 million (approximately S$314.8 million). The property is a 46.5-hectare freehold business park comprising 14 commercial buildings with a total net lettable area of 555,000 square feet located west of London, UK. The acquisition is expected to be completed January 2018.

Since its IPO, FCOT had an investment mandate to invest in Asia Pacific. I attended FCOT’s AGM to understand its entry into Europe and to evaluate its performance over the past financial year.

Here are 10 things I learned from the 2018 Frasers Commercial Trust AGM.

1. Gross revenue remained flat at S$156.6 million but net property income (NPI) fell 1.6% to S$113.8 million. Wang Mei Ling, Senior Manager of Investor Relations, explained the slight drop was due to higher maintenance expenses at Caroline Chisolm Centre and lower occupancy rates at Central Park, Alexandra Technopark, and China Square Central.

2. Distributable income rose 1.3% to S$78.6 million but distribution per unit (DPU) remained flat at 9.82 cents. The stagnant DPU was due the increase in the number of units issued in FY2017. Assuming DPU remains flat for another year, FCOT’s current yield is 6.5% based on FCOT’s last traded share price as at 25 January 2018.

3. Gearing ratio as at 30 September 2017 is at 34.7% — comfortably below the 45% regulatory limit. CEO Jack Lam later shared that FCOT tries to keep its gearing below 40% to keep a buffer. Average cost of debt is 3.06%, and 81% of FCOT’s borrowings are at fixed interest rates.

4. Average committed occupancy rate for the portfolio as at 30 September 2017 is 85.9% and the weighted average lease expiry is 3.4 years. The occupancy rate was dragged down by FCOT’s Singapore assets which had a committed occupancy rate of 77.8%. This was mainly due to the ongoing renovations at China Square Central and the expiry of Hewlett-Packard’s leases at Alexandra Technopark. CEO Jack Lam revealed that they have since secured over 70,000 square feet in new leases at Alexandra Technopark and have a healthy number of ongoing enquiries from prospective tenants. He said FCOT will continue to market the property and do its best to normalize occupancy levels as soon as possible.

5. Alexandra Technopark is currently undergoing an S$45 million asset enhancement initiative (AEI) to create a more business park-like environment for tenants. The management aims to position the property as a niche between office business parks and light industrial space. The CEO said the business park amenities will help Alexandra Technopark differentiate itself from typical industrial buildings while offering a lower rent than business parks.

6. The CEO explained that FCOT expanded its investment mandate to Europe (with an initial focus on the UK) due to three factors. Firstly, growth in Singapore/Australia may be limited at times due to market cycles and the addition of a new market gives FCOT more opportunities for growth. Next, the entry into Europe improves FCOT’s strategic alignment with its sponsor FCL: Europe is FCL’s third largest market after Singapore and Australia. Lastly, FCOT’s right of first refusal acquisition pipeline from FCL has now increased to more than S$4 billion (twice FCOT’s current portfolio) with the inclusion of the sponsor’s UK business park assets.

7. The UK business park sector is expected to add more resilience to FCOT’s portfolio. Farnborough Business Park has a long weighted average lease expiry of 8.3 years and 84% of its leases only expire in FY2022 and beyond. It also enjoys a 98.1% occupancy rate and tenant retention rate of 89%. According to the CEO, its initial property yield is around 6.25%.

8. Farnborough Business Park is expected to be DPU-accretive for FCOT. The property will be funded through debt and S$98.5 million in private placement. Based on FY2017 figures, the acquisition will improve FCOT’s NPI and DPU by 8.7% and 1.6% respectively, while gearing will increase slightly by 1.1 percentage points to 35.8%.

9. A unitholder was concerned about FCOT’s entry into the UK due to Brexit and asked what the management’s views were on the issue. The CEO replied that the management had taken Brexit into long consideration and is optimistic that the UK will remain a resilient and stable market in the long term. They also view that the risks of a ‘hard Brexit’ have already been priced in. As for Farnborough Business Park, he highlighted that the property has very strong fundamentals – its WALE of 8.3 years is many years beyond Brexit. He added that while the move to the UK was a significant one for FCOT, it is not a big move in terms of financial impact as FCOT’s interest in the asset accounts for around 7% of its portfolio.

10. Another unitholder commented that the office rental market in Singapore seems to have picked up and wanted to know the management’s view of the sector. The CEO began by explaining that rental reversions alone are not a great indicator of market trends as the data can be skewed depending on the price of the previous lease and when it was signed, and there’s a limited sample size as only a portion of leases get renewed in a year. He agreed that the office rental market is seeing some improvement – especially Grade A offices – after a four-year downturn. However, the effect hasn’t yet run down to Grade B offices like 55 Market Street and China Square Central. He shared that the Grade B market usually lags Grade A in a market cycle, and views that the positive sentiment will eventually work its way down.

Mapletree Greater China Commercial Trust has reported a higher distribution per unit (DPU) for its 3Q FY 17/18, but the mixed commercial REIT is also seeing its third consecutive quarter of declining overall portfolio occupancies for the period.

The REIT’s DPU came in at 1.868 Singapore cents for the quarter, an increase of 5.1% over the 1.778 cents achieved in the corresponding period of the previous financial year.

Gross revenue rose marginally by 0.7% year-on-year to SGD88.4 million (USD67.6 million) but net property income (NPI) remained flat at SGD71.4 million.

The REIT has attributed the higher DPU to lower translated average cost of debt post re-financing, and realised foreign exchange gain.

Capital Comm stood at 1.78 (dropped 0.06 or 3.26%) today.

planning to topup on Monday. any takers ?

This post has been edited by prince_mk: Feb 2 2018, 07:26 PM