QUOTE(frostfrench @ Sep 23 2019, 04:20 PM)
I sold some today
Everyone sold some, so... 5% drop. 
Singapore REITS, S-REITS
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 Sep 23 2019, 06:01 PM
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#1
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8,667 posts Joined: Aug 2019 From: Penang <-> Singapore  
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Dec 4 2019, 09:06 PM
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#2
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8,667 posts Joined: Aug 2019 From: Penang <-> Singapore
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MNACT to acquire 2 properties in Japan to diversify its assets and reduce concentration of income/revenue from Festival Walk.
https://links.sgx.com/1.0.0/corporate-annou...d0bfcfd4c1e21c5 And some updates on Festival Walk: https://links.sgx.com/1.0.0/corporate-annou...1b356462177be37 The REIT manager expects the mall to reopen by 1Q next year. Also, there will be "distribution top-up" funded by loans to replace the lost of income due to closure of FW. QUOTE To mitigate the above impact on the distributable income payable to Unitholders, the Manager will implement a top-up to the distributable income (“Distribution Top-Up”) for the quarter from 1 October to 31 December 2019 (“3Q FY19/20”), the quarter from 1 January to 31 March 2020 (“4Q FY19/20”) and the quarter from 1 April to 30 June 2020 (“1Q FY20/21”) respectively. The Distribution Top-Up is to enable a certain level of distributable income to be made until such time the loss of revenue is recovered through the insurance claims. The Distribution Top-Up amount, based on approximately 40% of the Festival Walk Retail Revenue, will be included in the capital component of the distributable income payable for each of the aforementioned distribution periods and funded by external borrowings. Once the insurance claims proceeds are received, the same will be used to repay the external borrowings incurred to fund the Distribution Top-Up and the balance will be distributed as part of the distributable income payable to Unitholders, in the payment period following the receipt of the insurance claims proceeds. |
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Dec 12 2019, 07:49 AM
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#3
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They just can't stop buying...
https://links.sgx.com/FileOpen/20191212_Kep...t&FileID=590187 Keppel DC REIT acquires second data centre in Germany. Keppel DC REIT has entered into a sale and purchase agreement with Maena KG for the acquisition of 100% freehold interest in a shell and core purpose-built data centre facility in Kelsterbach, Germany, for €81.8 million (approximately S$125.3 million). This will be the REIT’s second data centre in Germany and its eighth in Europe. |
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Dec 13 2019, 01:57 PM
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#4
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QUOTE(elea88 @ Dec 13 2019, 01:01 PM) aiya. how they gonna finance this? According to the press release:QUOTE (See 2nd to last paragraph) Expected to be completed in 2020, the acquisition is likely to be fully funded by debt. Post completion, the REIT's aggregate leverage is expected to increase from 30.3% to 33.6%. This post has been edited by TOS: Dec 13 2019, 01:59 PM |
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Dec 27 2019, 09:24 AM
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MLT divesting Shanghai Property for RMB 330 million (~64 million SGD).
https://links.sgx.com/FileOpen/20191226-MLT...t&FileID=591705 The buyer, GDS Holdings Ltd. is also controlled by Temasek. |
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Jan 12 2020, 09:57 AM
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#6
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MNACT announced the reopening of FW on 16th of Jan, ahead of CNY.
https://links.sgx.com/FileOpen/MNACT%20-%20...t&FileID=592973 On the other hand, SPH REIT announces its latest earnings. https://links.sgx.com/1.0.0/corporate-annou...5ee454ad012281f The earnings reporting season is coming in the next 2-3 weeks. Some important dates to mark down on your calendar. January 2020: 15th: Frasers commercial trust 1Q 2020 (after closing) 17th: MNACT 3Q 19/20 (after closing) 20th: Mapletree logistics trust 3Q 19/20 (after closing) 21st: Keppel DC Reit 4Q 2019 (time not mentioned) Mapletree industrial trust 3Q 19/20 (after closing) Capitaland commercial trust (after closing) 22nd: Keppel reit (time not mentioned) Suntec Reit (before opening) Capitaland Mall trust (before opening) Frasers centrepoint trust 1Q (after opening) 30th: CDL Hospitality Trust 4Q 2019 (time not mentioned) |
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Jan 15 2020, 09:01 PM
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#7
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Frasers Commercial Trust 1Q Results:
Gross revenue up 15%, NPI up 23% and Distributions to unitholders up 0.4%. DPU unchanged at 2.4 cents. https://links.sgx.com/1.0.0/corporate-annou...1faa11a29980d79 |
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Jan 16 2020, 09:27 PM
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#8
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QUOTE(elea88 @ Jan 16 2020, 04:56 PM) mapletree NAC march to 1.24.. today opening of Shopping Centre good? Looks good but still left some scars. A few escalators are not working. Ice rink wasn't ready for use either. anyone got news? https://www.scmp.com/news/hong-kong/hong-ko...ns-post-protest By the way, MNACT will announce its result tomorrow, after market closing. QUOTE(teehk_tee @ Jan 16 2020, 08:28 PM) FCT is was a solid solid purchase early last year. I am a bit worried about the Baa2 rating though. It's still pending for a downgrade review. Moody's claims that the merger with FLIT needs approval from bondholders or the outstanding bonds will default.Got MLT, MCT also. Now let's hope Lendlease releases solid results. https://www.moodys.com/research/Moodys-revi...rger--PR_414187 Otherwise, I find the low gearing, high interest coverage, and diversified property holdings attractive. Yup, went to 313@somerset last week and there was quite a heavy traffic there. High potential to deliver great results. |
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Jan 18 2020, 08:13 AM
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#9
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MNACT's financial result: https://links.sgx.com/1.0.0/corporate-annou...6eb1ce1eb489056
13.3% drop in 3Q DPU. All figures in red except share price. Reitsweek news: https://www.reitsweek.com/2020/01/mnact-rep...all-in-dpu.html Next week will be interesting, 8 REITs reporting results 3 days back-to-back. Can expect the upward price movement to continue.  This post has been edited by TOS: Jan 18 2020, 08:16 AM |
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Jan 18 2020, 11:22 PM
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#10
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QUOTE(moosset @ Jan 18 2020, 01:27 PM) Thanks! So, can we expect MNACT to drop to $1.05? I am no expert in this. Why do you assume it will drop to 1.05? How do you come up with that figure? (I purchase S-REITs through a unit trust in Malaysia, and MNACT is only about 3% of my total holdings with the fund.) I just love REITs and reading their presentation slides, so reporting some news here. |
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Jan 19 2020, 08:28 PM
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#11
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QUOTE(moosset @ Jan 19 2020, 12:32 AM) No particular reason. Didn't do financial modelling etc. I see. I am not so sure for the short term. But for the long term, it should benefit from gradual diversification of its portfolio. The protest in HK has taught MNACT quite a huge lesson, in the future, I guess they won't want to repeat it. So, buy-and-hold for the long term is the strategy I would adopt if I were to invest in this stock individually.It's just a price that I'm willing to pay to acquire their stocks. QUOTE(prince_mk @ Jan 19 2020, 11:34 AM) is Manulife Asia Pacific Reits ? I also buy some from Msia UT. Yup. It slumped for the past few months when Link REIT took a nosedive. Now it's climbing back, and the upward momentum for the fund's NAV is likely to sustain with the S-REIT results coming out this week. Glad that I purchase lots of units back when the NAV was hovering below RM 0.49 per unit. Hopefully the up-trend can sustain!MNACT..I let go alrdy after made some profit. I am a long term investor, so I don't go for quick profit. I leave trading for capital gains to be done by my fund managers.  |
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Jan 20 2020, 09:35 AM
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#12
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QUOTE(prophetjul @ Jan 20 2020, 08:33 AM) First time I am hearing this. How does that work? And the fees charged? Unit trust, or mutual funds are funds pooled by investors and managed by fund managers to hold a diverse portfolio of securities. Its main objective is diversification in order to lower risk. Fees can tend to be high, with fund's total expense ratio around 2-2.5% per annum for equities fund, and 1-2% per annum for bond funds and less than 1% for money market fund. ASNB funds (whether fixed price or variable price) are actually unit trusts, except that they are managed by GLC (PNB) and the fund's total expense ratio is much lower since it has to act in the public's interest. They are many online articles and books written about mutual funds/unit trusts. |
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Jan 20 2020, 10:52 AM
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#13
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QUOTE(prophetjul @ Jan 20 2020, 09:44 AM) Not UTs in general, Well, then the unit trusts just hold S-REITS (or HK REITS or A-REITS, in the case of manulife AP REIT fund. Geographical diversification is key here). but those related to SREITS.I mentioned unit trust hold equities in the previous post, REITs are one example of equities. So, we investors pool our money in a REIT fund managed by fund manager(s) and we collect distributions from REITs through our funds, which we share on a pro-rated basis. We also enjoy capital gains when REIT prices go up. So, really, it is similar to UTs holding bonds, common stocks, commodities etc. The underlying principle is the same. |
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Jan 20 2020, 02:14 PM
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#14
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Yes, high management fees and charges etc.
But if the potential return after the fees are 8-10% or higher, I will bite. That's my risk appetite. I don't have the time and energy to handle so many international securities holdings. Consider currency risk, different taxation system, cross-border money flow etc, unless you have accumulated enough, otherwise, it's not worth it for "tiny" retail investors like me. Just my 2 cents. This post has been edited by TOS: Jan 20 2020, 04:06 PM |
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Jan 20 2020, 04:06 PM
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#15
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QUOTE(Cubalagi @ Jan 20 2020, 03:43 PM) Not correct. If management fee is 2%, you lose 2%. Not 2% of the return rate. Otherwise you are saying the fund managers don't make money if the return is 0 or negative. But no, they make money regardless. They charge over the AUM, regardless whether the fund makes money or not. Oh, ok. Thanks for the correction. I have got things wrong after all. Most ppl buy reits for dividend income with capital gains as bonus and annual charges of 1.5-2% per annum will be a big drain.  Did anyone find it hard to access SGX prices today? I can't access any price quotes. https://www2.sgx.com/securities/securities-prices The price list just keeps loading. This post has been edited by TOS: Jan 20 2020, 04:29 PM |
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Jan 20 2020, 08:46 PM
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#16
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MLT reports 2.1% rise in DPU.
https://links.sgx.com/1.0.0/corporate-annou...2cccdd4144ff710 Reitsweek: https://www.reitsweek.com/2020/01/mapletree...ise-in-dpu.html |
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Jan 21 2020, 09:23 PM
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#17
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CCT delays earnings report until further notice.
https://links.sgx.com/1.0.0/corporate-annou...621ed8438f35a5f MIT reports 2.9% rise in DPU whereas KDC reports a 4% rise in DPU. MIT: https://links.sgx.com/1.0.0/corporate-annou...64e86f9a3d69783 KDC: https://links.sgx.com/1.0.0/corporate-annou...ab729151f291bf3 Presentation slides for KDC's 4Q anf FY 2019 results can be found here: https://www.keppeldcreit.com/en/download.ashx?id=16616 This post has been edited by TOS: Jan 21 2020, 09:29 PM |
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Jan 22 2020, 09:13 AM
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#18
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CCT's Distributable income rises 5.5% y-o-y
https://links.sgx.com/1.0.0/corporate-annou...74940b3dbca729a CMT's NPI up 13.1% y-o-y https://links.sgx.com/1.0.0/corporate-annou...91581f4013308ee Suntec's distributable income up 3.9% y-o-y, DPU up 0.5% for FY 2019. https://links.sgx.com/1.0.0/corporate-annou...4603a68afdbb2fa CMT will also merge with CCT to form a new REIT called Capitaland Integrated Commercial Trust (CICT). https://www.straitstimes.com/business/compa...in-asia-pacific CMT Merger Info: https://links.sgx.com/1.0.0/corporate-annou...7300cd0d401ea88 CCT Merger Info: https://links.sgx.com/1.0.0/corporate-annou...4daa50b1123fa6e This post has been edited by TOS: Jan 22 2020, 10:52 AM |
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Jan 22 2020, 06:16 PM
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#19
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Tonnes of news and reports:
Far East Hospitality Trust reporting 4Q and FY 2019 results before trading begins on Friday, 14th of Feb 2020. https://links.sgx.com/1.0.0/corporate-annou...6f4b890b53131a5 Capitaland Retail China Trust reporting its earnings before 8 a.m. on 7th of Feb. https://links.sgx.com/1.0.0/corporate-annou...77c9ccccc049fdf Keppel REIT reporting 2.9% increase in DPU y-o-y for 4Q 2019 https://www.keppelreit.com/news_item.aspx?s...1-december-2019 Frasers Centrepoint Trust reporting 1.3% increase in DPU y-o-y for 1Q FY20. https://links.sgx.com/1.0.0/corporate-annou...53e56b29af7832c |
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Jan 23 2020, 08:48 AM
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#20
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MLT to acquire South Korea property for S$41.4 million.
https://links.sgx.com/FileOpen/20200122-MLT...t&FileID=594192 |
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