no one's buying sg reits?

soilbuildbiz, starhill global edging higher.

first reit - approaching all time high of 1.47, yield still 5.7%!

sgd1=rm2.7045/2.6925.

likely a combination of reasons - high gearing, low liquidity, poor past performances.

what i see, the biggest malls in sg have been doing very well - suntec, capitamall... until <5% yield!

industrials - a mix - aimsamp, soilbuildbiz steady. sabana has proven to be much less to be capable in securing tenants.

firstreit in healthcare has been stellar.

office reits quite good - capitacom is stellar.

note many sg reits have revenues coming from outside sg.

sgx has a lot more foreign funds driving it.

bursa now driven by 1mdb.

no, dumped this, lippo and ireit global (german offices) as fast as i could!

these 3 are the ones i dumped, no looking back.

the rest hv been v good, happy enough.

Catch no balls also.. Last friday, yellen said fed will raise int rate within 2015. I tot SREIT will lau sai the following Monday. In contrast, it went up on Monday and stood firm this week when the other markets are in RED.

Probably the SREIT market has pretty much already digested or anticipated the interest hike thingy??

japan... not much idea except nikkei is running away.... but yen weak.

ireit global, the german office reit was a huge disappointment. the tenants are good, long term, yet it lost >10% in price to date. 8% yield but poor liquidity - that's probably the biggest problem.

ya, this one has been brought up many times in this thread. a non-reit trust, right?

quick look at charts... high yield, flat price, looks ok.

Yeah I have this... The yield is good. Price didn't move for the past 6 months or so.... This is probably the only laggard in retail "reit" subsector....

2.75/2.74.

take a look too at usd/myr:
http://www.xe.com/currencycharts/?from=USD&to=MYR&view=1W
myr/thb:
http://www.xe.com/currencycharts/?from=MYR&to=THB&view=1W
myr/idr:
http://www.xe.com/currencycharts/?from=IDR&to=MYR&view=1W
aud/myr:
http://www.xe.com/currencycharts/?from=AUD&to=MYR&view=1W

u will see that rm has lost ground to all of them in the last 1 week, incl rupiah, not just sgd.

anyone wanting to buy sg stocks and reits with rm, the exchange rate is less unfavorable now.

bnm been intervening the rm vs usd.

usd strengthened again with fed reaffirming rate hike this year 2 days ago.

as the "peg" is held at 3.80x, rm has gained 1% against the sgd within 3 days.

sgd/rm now 2.7895/2.7755.

Difficult not only because of exchange rate but also because you don't use the product or visit the property or building or whatever, you're a bit "blind" because accounts can be manipulated. if you walk around and see a lot of people using the product, or occupying the offices or shopping in the malls or whatever, that can't be faked

I think Singapore is more transparent than M'sia right?

i left myreits some time ago.

how are myreits doing lately with bursa down and down?

my sgreits are all holding good, just not moving up anymore.

cimb now: sgd/rm 2.8435/2.8305.

remember i said 20:80?

for reits, it is 0:100.

Why do you think rate hike will happen in Sep?

yes, i bet on sep too.

sg... no. i dun see them hiking rates, not their style or method.

mas will just continue to move the sgd within the allowed band to optimize against its major trading partners.

the "band" is a state secret; we only know they widened it lately.

my read - the sgd will be allowed to slip a bit more to 1.40 vs usd but will continue to gain against rm and yen.

other currencies, u can deduce.
equities may fall a bit, but reits... i think already factored in all that.

so, i am relaxed - by my own small thoughts!

i don't think Yellen knows whether it's going to be done.

The economy is not so strong that it can take a hike. Is there is s hike, its going to be a token hike, just because they have been saying it for too long.
Like 0.125%.

A significant hike will hike biz costs. Money pours into USD. Commodity tanks and world goes into recession.

now... 2.8835/2.8685. 

no!