Rally in SREITs is just getting started only. Thank you to all the folks who sold the sector down cheap last year. Was an opportunity of a decade to go all in at yields of 10%!
Singapore REITS, S-REITS
Singapore REITS, S-REITS
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Jan 31 2019, 10:44 AM
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#81
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
Rally in SREITs is just getting started only. Thank you to all the folks who sold the sector down cheap last year. Was an opportunity of a decade to go all in at yields of 10%!
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Jan 31 2019, 04:33 PM
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#82
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(Ramjade @ Jan 31 2019, 10:47 AM) Quite a few such as Ascendas India, Parkway Life and Keppel DC. Then also as you recall, Keppel-KBS, Cromwell during/after their rights issue. I'll still hold on for a bit more, since I feel that the rally for REITs is only in its early stage. Bond yields have a long way to drop if the economy slows.This post has been edited by Havoc Knightmare: Jan 31 2019, 04:33 PM |
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Jan 31 2019, 05:15 PM
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#83
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(Ramjade @ Jan 31 2019, 04:43 PM) Comparing Cromwell or ireit is a better buy? My guts tell me to go with ireit. IREIT. Germany is definitely a better market than the Southern or Eastern parts of Europe which Cromwell has exposure. I'm using StanChart in general, but had to use FSMOne for Keppel KBS since StanChart doesn't seem to allow US REITs.What broker are you using for SG and HK? I only bought Keppel KBS. Nothing after that. |
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Feb 1 2019, 02:56 PM
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#84
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(spiderwick @ Feb 1 2019, 10:45 AM) hello all taikors, No, there is generally no withholding taxes for individual investors. A (rare) few brokers which offer custodian accounts such as Saxo are subject to withholding tax, so do check if you're going to be using a custodian account. just want to ensure i understand correctly...been reading back the posts but a bit confused.. so currently for Msian buying S-REITS, there won't be any witholding tax applied to us right? in addition, may i know when it's time to buy REITS and when it's time to sell REITS. One thing that i've known is if interest rates going up, it's not going to be good for REITS and not a good time to buy. the other thing is what could we expect for annualized return (capital growth + dividends)? is it 10% per year if we managed to buy a good REIT? TQ so much for your advices! There is no hard and fast rule for trading REITs as they move with interest rates/bond yields. Generally, when the dividend yields have fallen too much as a result of a sharp rally, it's a good time to sell as the sector inevitably corrects. We've seen this in 2013 and early 2018. On the other hand, every sell-off has been an opportunity to buy, such as in Oct-Dec of last year. My general rule is simple, buy when everyone is panicking and dumping, as you can see was the mood in the last quarter. There is another thread out there dedicated to people who have been selling all their stocks, so you can regard it as a contrarian indicator of when to buy. As for what is a good REIT to buy, it's really a matter of your risk tolerance. There is no "low risk high return" REIT. Generally the stronger REITs yield about 5-6% with a few % capital gain a year due to dividend growth. Good names include Capitaland , Mapletree, Ascendas and Fraser backed REITs. You can't go wrong with those names, though it will be hard to get 10% a year. If you want to go beyond those names, I would caution that research is necessary to avoid buying those with contracting dividends and falling share price. This post has been edited by Havoc Knightmare: Feb 1 2019, 02:58 PM |
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Feb 2 2019, 07:00 PM
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#85
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
Just did a piece exploring the relationship between REITs and interest rates if you guys are wondering why I have been so bullish on REITs
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Feb 4 2019, 02:07 PM
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#86
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(aspartame @ Feb 4 2019, 01:09 PM) Do custodian MKE and STD Chart withhold tax for sg reits? That is, since you are holding under a nominee company.. is there a 10% tax on reits? Foreign individuals no tax.. No, it's tax free for Standard Chartered. I get exactly all the dividends that is declared, except 1-2 days delay in payment. Seems like Standard Chartered sits on the cash for that period. Aside from that, I have no complaints about Standard Chartered. |
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Feb 4 2019, 02:31 PM
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#87
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(spiderwick @ Feb 4 2019, 11:04 AM) thanks Havoc for your kind explanation! appreciate that...will research more before buying... Best time to buy is when everyone is selling and panicking. It takes guts to go against the market, but can be very rewarding. And yes Malaysian REITs are expensive and rarely on sale. The last window opened in 1Q18, and I think it will be some time before such an opportunity opens up. That sell off was triggered by institutions dumping REITs when interest rates and bond yields were rising.im not sure about singapore reits but currently malaysia reits are on the high side i feel..so do not seem to be a good time to buy... |
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Feb 4 2019, 02:36 PM
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#88
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(spiderwick @ Feb 4 2019, 11:04 AM) thanks Havoc for your kind explanation! appreciate that...will research more before buying... Best time to buy is when everyone is selling and panicking. It takes guts to go against the market, but can be very rewarding. And yes Malaysian REITs are expensive and rarely on sale. The last window opened in 1Q18, and I think it will be some time before such an opportunity opens up. That sell off was triggered by institutions dumping REITs when interest rates and bond yields were rising.im not sure about singapore reits but currently malaysia reits are on the high side i feel..so do not seem to be a good time to buy... |
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Feb 4 2019, 02:40 PM
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#89
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(elea88 @ Feb 4 2019, 02:36 PM) haha co-incidentally.... Yeah I went through similar experience like you. I started with POSB/DBS Vickers. Then switched to POEMS and saxo capital. Opened a Maybank SG as well along the way. Now I'm using StanChart and FSMOne. It was not intentional but somehow it turned out that way over the years haha. So now I have Maybank, POSB and StanChart bank accounts but feel reluctant to let go.so, when people says difficult open bank ac in Singapore.. I just think they not making enough effort... Thanks to Ramjade suggestion i change DBS to POSB.. so my min. only need put 500 instead of the 3/5k... |
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Feb 4 2019, 03:09 PM
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#90
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(elea88 @ Feb 4 2019, 02:59 PM) i even got Philip Cap for unit trust. I'm using priority and enjoying the no minimum brokerage. That's why it's a bit hard to switch to other brokerages unless they start offering no minimum as well. Easy to reinvest dividends for example, by just buying 1 or 2 lots of shares.BTW.. Std Chart u using normal or Priority? I did not closely monitor realise my KEPPEL KBS end up with odd lots. any idea whats brokerage for odd units? Std Chart.. hv to be alert on their sms. for corporate action. And i find it troublesome to be calling in all the time. vs MKE. got service via whatsapp. Yes the calling into customer service is annoying, more so when we have to incur the phone bill of making an international call. An email or WhatsApp service would be preferable and more convenient. I've not had an odd lot before, so I can't help you there. But there is a separate odd lot market that you can view on StanChart. The market is SGXO, instead to the regular SGX. |
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Feb 4 2019, 09:15 PM
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#91
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(kart @ Feb 4 2019, 06:11 PM) elea88 and Havoc Knightmare I opened a regular esavers account along the prefunded trading accounts in all major currencies back in May 2017. I walked into the main branch in Battery Road with nothing more than my passport and SGD1,000.How did you manage to open Standard Chartered Prefunded Cash Custodian Trading Account, in Singapore? What requirements did you fulfil, prior to opening the account? As Ramjade said, it is beyond the reach of normal Malaysians. I don't know if things have changed since then when it comes to account opening, but I would presume Ramjade has more current information. But for this reason I keep opening redundant accounts for fear of this scenario materialising. I opened FSMOne last year. This post has been edited by Havoc Knightmare: Feb 4 2019, 09:20 PM |
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Feb 7 2019, 02:45 PM
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#92
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
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Feb 7 2019, 09:07 PM
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#93
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
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Feb 19 2019, 07:40 AM
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#94
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QUOTE(prophetjul @ Feb 15 2019, 08:32 AM) KUALA LUMPUR: The ringgit may advance gradually to breach the psychological level of 4.0 against the US dollar again, and continue its strengthening path to 3.80 by end-2019, according to RHB Research. I have sources that directly witnessed the RM's recent rally due to this-Malaysia’s heightened forex reserves and the dovish tone set by the US Federal Reserve (Fed) are lending support to the domestic unit. Malaysia’s forex reserves rose US$700 million to US$102.1 billion as at Jan 31, 2019, after falling US$600 million in Dec 2018. “The ringgit is expected to continue its strengthening path to 3.80 versus the US dollar by end-2019, also due to the dollar’s weakness on expectations that the US Fed may pause its rate hike stance following signs of slowing US economic growth,” said the research house in a note today. Citing figures from Bank Negara Malaysia, it said the rising forex reserves was likely driven by the continued accumulation of surplus in the current account, while portfolio investments experienced reduced fund outflows, supported by net inflows into the equity market during the period. It noted forex reserves also likely climbed this month due to current account gains and reduced portfolio outflows The ringgit gained 0.8 per cent versus the US dollar to 4.0770 in the first week of February, following up on the 0.7 per cent in gain in January. It opened higher this morning (9 am) at 4.0650/0700 against the greenback from 4.0770/0800 at 6pm Tuesday. --Bernama https://www.nst.com.my/node/459794/amp _________________________________________________ Currency. OH Currency! So sos difficult to manage. Imagine buying at 4.2 and it drops to 3.8 That's a 9.5% loss in forex. https://www.nst.com.my/business/2019/02/461...tion-next-month Some banks' currency traders were buying the RM in anticipation of the huge inflow when the borrowed JPY is converted into RM next month. In other S-REIT news, Sasseur announced stellar results This post has been edited by Havoc Knightmare: Feb 19 2019, 07:41 AM |
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Feb 19 2019, 10:09 AM
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#95
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(prophetjul @ Feb 19 2019, 08:37 AM) Yup, it is my largest portfolio holdings since late last year! |
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Feb 19 2019, 03:54 PM
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#96
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(prophetjul @ Feb 19 2019, 02:01 PM) It's normal for their business. The leases are renewed annually for many of the tenants. This makes the REIT rather high beta since when the premium outlet sales drops, we'll be in trouble. So remember to get out when the going is still good Btw is it just me or do we have a bot invasion here? This post has been edited by Havoc Knightmare: Feb 19 2019, 03:54 PM |
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Feb 22 2019, 10:07 AM
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#97
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(elea88 @ Feb 20 2019, 12:01 PM) what is bot invasion? So, u getting out? Philip, MKE giving out broker report on BUY CALL. i am thinking should exit some since in high profit. QUOTE(elea88 @ Feb 20 2019, 04:52 PM) QUOTE(prophetjul @ Feb 21 2019, 08:17 AM) I still think the yield is reasonable at about 8% at the moment, so I will still be holding on. If I were to sell it, I would be very hard pressed to find a replacement. I don't know if it will go up much further from here in the short term, but I doubt it will go back under 70 cents again since the company has proven itself. The scepticism from the market was a very high wall for this REIT to climb. |
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Feb 25 2019, 08:42 PM
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#98
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(prophetjul @ Feb 25 2019, 11:24 AM) EC World Yup another star this year.. I've a bit, though not as much as I would like.http://ecwreit.listedcompany.com/newsroom/...DOTYMZT74.3.pdf http://ir.listedcompany.com/tracker.pl?typ...DOTYMZT74.1.pdf EC WORLD REIT Reports 2.6% Higher DPU for FY2018; Proposes Entry into New Master Lease Agreements to Significantly Lengthen Lease Expiry Profile • 2.6% year-on-year (“y-o-y”) increase in DPU to 6.179 Singapore cents per unit for FY2018, translating to distribution yield of 9.0%1 • Proposed Entry into new Master Lease Agreements (“MLA”) to lengthen existing MLAs expiries by four more years provides strong income visibility to EC World REIT; Portfolio WALE extends from 2.0 years to 4.8 years2 • Stable portfolio with continued resilient operating performance despite challenging macroeconomic environment |
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Feb 28 2019, 11:43 PM
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#99
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(prophetjul @ Feb 28 2019, 08:32 AM) If you look at slide 7, you can see that the bulk of properties were injected between Dec 2018 - Feb 2019, while the unitholder base was already enlarged in Dec 2018 after the rights issue. Since they did not distribute pre-rights, the total accumulated distributable income for 2H19 (which saw minimal contribution from the new properties) was diluted over the larger unit base. We would have to wait for 2Q19 results to determine what the real DPU is post rights and acquisitions, since even 1Q19 won't reflect the full effects of the acquisition. However, even considering the cost of our units acquired from the rights issue (less than EUR 0.40 per unit), the dividend yield of 1.57 cents is quite decent, at about 8%. This post has been edited by Havoc Knightmare: Feb 28 2019, 11:45 PM |
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Mar 1 2019, 08:59 AM
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#100
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1,205 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(prophetjul @ Mar 1 2019, 08:37 AM) Thanks Usually the blue chip REITs will do a distribution just before the new shares are issued, to not disadvantage the holders of the old units..I did not realise that the new shares issued then were eligible for the DPU for the period before the issuing. Yes, if compared with our units from the rights, its still pretty decent. |
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