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 Singapore REITS, S-REITS

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AVFAN
post Mar 30 2020, 01:02 AM

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PM Lee's interview today:

QUOTE
Singapore’s battle to fight the coronavirus outbreak is intensifying, while industries such as tourism and aviation are virtually dead, Prime Minister Lee Hsien Loong said.

Global supply chains are also affected, hurting the ability for the city-state to get its supplies, and in turn hurting its exports, Lee said in an interview with CNN.

“That’s an impact that’s not going away in a hurry,” Lee said.

The island republic reported its third death on Sunday, but has been seen as an example as a country that has seemed largely successful in containing the outbreak.

“I don’t see this problem going away in a couple of months,” Lee said. It will be “several years” before the virus runs its course, he said.

©2020 Bloomberg L.P.

Coronavirus could take years to run its course, world must brace itself: PM Lee
https://www.straitstimes.com/politics/pm-le...st-brace-itself

AVFAN
post Mar 30 2020, 07:33 PM

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QUOTE(markedestiny @ Mar 30 2020, 04:43 PM)
I have posted previously about possibility of  protracted recession...still, I can't accept this scenario if it happens.
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my frens in sg feel that LHL's message was too negative.

maybe he's preparing an iron grip for next GE..?

anyway, from SG the reit prices, who dare say things are that bad?!

some are rising, just a tad below peak!!


AVFAN
post Apr 3 2020, 12:58 PM

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buying any stock or reit is much of a speculative task now.

as the pandemic started late last year or early this year... affected results for 1q2020 will start to come out in the next 1-3 weeks.

i will wait till some of this info becomes available.


AVFAN
post Apr 3 2020, 03:12 PM

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SINGAPORE (Reuters) - Singapore's Prime Minister Lee Hsien Loong will address the nation at 1600 hours (0800GMT) on Friday to announce more prevention measures in the battle against a coronavirus pandemic.
AVFAN
post Apr 3 2020, 04:23 PM

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people in singapore will start hunting for MASKS now...
AVFAN
post Apr 4 2020, 08:01 PM

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as the situation progresses, i find it harder n harder to gather enuf strength to buy anything.

sg or my or usa.

may have to sit (or sleep) for weeks n months to see how it all unfolds... dry.gif
AVFAN
post Apr 8 2020, 05:36 PM

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QUOTE(bearbear @ Apr 8 2020, 07:10 AM)
How to explain ireit 20% hahaha
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https://www.businesstimes.com.sg/companies-...ategic-partners
AVFAN
post Apr 9 2020, 01:02 PM

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QUOTE(dattebayo @ Apr 9 2020, 12:51 PM)
any views on EC World REITs?

taking into consideration that China is the first country that has begun on the journey towards recovery after the pandemic, much driven by their domestic demand stimulated by the govt at the same time

http://www.ecwreit.com/assets-portfolio.html
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many think that way... first to recover...?

maybe... but it has been a good trading counter for me.

buy 45, sell 50.... buy 53, sell 60 cents.

now wait... see if it will come back below 60...?
AVFAN
post Apr 13 2020, 06:49 PM

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A report i just read...

Last week, sgreits sector was tops, had net institutional buy of sgd26.7m.... that explains the relative strong reit prices.
Top net sell sector was financial services -85.3mil.

Financial reports coming in next 2,3 weeks.. soildbuildbiz, parkwaylife, fraser centrepoint, mapletree ind, mapletree north, lendlease global.
U may wanna wait for it, b4 u buy or sell.
AVFAN
post Apr 13 2020, 11:20 PM

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watch SGD/RM.... now at 3.05676.
AVFAN
post Apr 21 2020, 07:17 PM

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QUOTE(EnterYourName @ Apr 21 2020, 06:25 PM)
will still be much higher than march low
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true.

my read.... no rush, hold for now.

the shit hasn't all come out yet. tongue.gif

anyway, when all this blows over, do not expect the same high DPU and prices.

SG is a small economy, at the mercy of the bigger ones.

v impt to be aware what else is happening elsewhere... china, USA, EU, etc.
AVFAN
post Apr 22 2020, 01:29 PM

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SG reits... at least for the few i m watching... have been surprisingly resilient.

dow can fall 3%, some of these sg reits won't drop even 0.5%!

more so when CB extended to june 1.

perhaps when more 1Q results are released, we get a better picture...?
AVFAN
post Apr 22 2020, 06:04 PM

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QUOTE(abcn1n @ Apr 22 2020, 04:14 PM)
I got out of my DBS luckily. Now holding OCBC at a loss. OCBC is performing better than DBS.
What is RBC?
Which reits you looking that are so resilient?
My general strategy is basically hold good stocks/indices and only average down on certain situations. But if profit is good or I expect a reasonably moderate/large downside, I might get out in order to buy lower/preserve some profit/have bullets back. As market is dynamic, cannot always be stubborn in thinking our view on certain situations/stocks is still valid. That's why I will always check with others around me.
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I duwana spoil it 4 u. biggrin.gif

Yr chance... check yr fav... 1 month, 1 year, 5 years.


AVFAN
post Apr 29 2020, 11:29 AM

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QUOTE(frostfrench @ Apr 29 2020, 11:21 AM)
All SG Reits in a uptrend since March is it going to continue? People are optimistic
No more sale price to buy?
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most of them are like the big stocks in US market... 10-15% lower than their peaks.

meaning investors think the worst is over, their earnings get hit by 10-15% max?!

well, no one knows anymore...

some will buy now, some will wait, some will forget it.
AVFAN
post Apr 30 2020, 02:14 PM

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QUOTE(Hansel @ Apr 30 2020, 01:03 PM)
Well,... I'm not waiting. As we waited, today,.... the bull is even stronger.

I even feel I am not pouring in fast enough or large enough at every BUY.

Edited by adding : https://www.theedgesingapore.com/news/compa...m_campaign=FREE

" Both parties will also work together to promote SGX’s REITs and large capitalisation stocks to investors based in China and Hong Kong, as well as engage and educate Greater China companies on the advantages of raising funds in Singapore’s capital markets.

The collaboration also seeks to build out the REIT platform with new products that can enable greater investor participation in Singapore and Greater China. "

I hoped the investors there don't 'goreng' our REITs too fast and too much !

Secondly,... they should continue to buy our REITs through their internal platforms. Rules and conditions for opening accounts INSIDE Singapore shld be maintained as per the treatment for other country nationalities, including Msia's,...
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i salute your bullishness, alto i am not in that camp. biggrin.gif

i am more in the "wait n see" camp.

it takes a lot of guts to come to your assessment, esp given the below new reports in SG.

but perhaps like US markets, the stock market is now detached from the real economy, solely driven vast amounts of cash and "hope" (well into the future).

QUOTE
Singapore services, manufacturing firms negative on April-Sept outlook, say surveys
https://www.thestar.com.my/news/regional/20...ook-say-surveys

Retrenchments up 12% in Q1, but this may not ‘reflect the full picture’: Manpower Minister Josephine Teo
Read more at https://www.todayonline.com/singapore/retre...r-josephine-teo

Retrenchments and withdrawn job offers: Singapore's labour market shows signs of COVID-19 strain
https://www.channelnewsasia.com/news/busine...offers-12665732

Covid-19 will hit wages more than jobs; retail, F&B, recreation sector workers most at risk of layoffs: MAS
https://www.straitstimes.com/business/econo...workers-most-at


AVFAN
post Jun 3 2020, 07:15 PM

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hi guys...

what is your view NOW on sgreits... are they priced correctly?
i noticed last 2 days, SGX rallied big but reits have not.
are they at a toppish point, can't go higher for a while?

e.g.
KDC - rebounded nice since low but seems capped at 2.4x.
AIMS - same... 1.2x.

regular stocks been rallying...
what if SG gomen start to push int rates higher again in a couple of months?

comments, please.

AVFAN
post Jun 4 2020, 10:28 AM

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thanks for all comments.

the speed of SG reit prices recovery... what was it due to?

long term tenant leases?
AVFAN
post Jun 4 2020, 11:42 AM

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QUOTE(markedestiny @ Jun 4 2020, 11:32 AM)
I think it's due to the perceived sentiment that things or businesses would be rosy after the circuit breaker ended although it's too early to tell for now.

Took the opportunity to exit from my residual  MNAC reit and Thai Bev yesterday with a small loss...I am now totally off the SGX
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if regular stocks return to normalcy as the signals seem to say, bonds and pseudo proxies like reits should fall in price.

which probably explain why sg stocks surged last few days while sgreits stay flat... may even drop in the coming weeks...?

https://www.cnbc.com/2020/06/03/the-bond-ma...he-economy.html

This post has been edited by AVFAN: Jun 4 2020, 11:47 AM
AVFAN
post Jun 4 2020, 11:47 AM

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QUOTE(prophetjul @ Jun 4 2020, 11:46 AM)
confused.gif
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typo... no? u did not observe?

This post has been edited by AVFAN: Jun 4 2020, 11:47 AM
AVFAN
post Jun 5 2020, 02:22 PM

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QUOTE(Hansel @ Jun 5 2020, 02:18 PM)
If you guys don't need the money, don't sell. Hold for the dividend. The rise has not reached to pre-Covid levels yet for many counters.
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this, i agree - for regular stocks, esp the bigcaps/.

sgreits... i find them toppish, no going back in yet.

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