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 Singapore REITS, S-REITS

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SUSalaskanbunny
post Jul 18 2014, 06:36 AM

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didnt know there's such a thread... i am heavy on s-reits ^^
SUSalaskanbunny
post Jul 18 2014, 12:34 PM

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QUOTE(elea88 @ Jul 18 2014, 12:14 PM)
welcome.. what counter u have?
*
ascendas
sabana
cache
keppel
lippo
suntec

and a little other stocks ^^
SUSalaskanbunny
post Jul 21 2014, 09:51 AM

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should u guys be afraid of reits in the coming year? the last scare saw reit px drop 15-40%... do u think the next int hike will see a similar trend? of cause the the last one was a scare, but the next one would be very real...

also anyone into business trust?
SUSalaskanbunny
post Jul 21 2014, 11:32 AM

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QUOTE(elea88 @ Jul 21 2014, 11:03 AM)
price drop.. buy some more.
coz my objective to purchase reits is for the dividends.
No intention of selling unless there is huge drop in returns.
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lol.. i see... i was initially buying in for dividend... but end up making more $$$ trading it intra day or sometimes holding up to a month or 2... entered reits at its bottom sometime back in sept - nov 2013... made a lot from suntec n ascendas although yield was not that high.. then needed $$$ to pump into other stocks, commodity palm ones... so had to sell... after making $$$ from those commodity i went back into reits back in feb/mar.. also another bottom.. lol

have u guys tried business trust? not bad... extremely good yield
SUSalaskanbunny
post Jul 21 2014, 05:25 PM

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QUOTE(AVFAN @ Jul 21 2014, 04:00 PM)
the most recent ib reports do not have much great news about sgreits, except for a few selected ones in office and healthcare.
it is always possible some will lose up to 30% in price at some point, happened before!
still, as long as us treasury yields aren't spiking up non-stop, risks aren't that high.
trading reits intraday is...?!!
but i can see the possibilities with the most liquid and relatively volatile ones - e.g suntec, capitalmall.
most people incl me buy for keeps; selling will mean liquidation for good, no going back to that counter.
but...good for u if you make more by trading.

business trusts... can u suggest a couple for me to look at? tq.
firstreit div ex'ed today. we'll see if it creeps back up to 1.24-1.25 soon enough...
*
i guess ppl are already immune to the int hike news... after the dips in dec13 n feb14.. i guess the market hv been pretty much sleeping.. huh? healthcare? that's business trust not reits right?

may13!!! biggest drop ever...

well, sometimes is the perception even b4 it happens...

no choice, look at the market... hardly move.. i left my job, only income is intraday... lol... did a lot of lippo recently.. 0.405 - 0.415 ... this movement whack 500k wait 1day - 1/2 weeks... enuf to pay rent n food... lol

err... did a few ascendasHT, but made mistake during mas incident, shorted expecting market to crash... but not only did it not crash it went up a little.. zzz, ascendasHT is good, another would be religare..


SUSalaskanbunny
post Jul 23 2014, 01:07 PM

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wat u guys think of sabana? outlook looks bleak..
SUSalaskanbunny
post Jul 23 2014, 02:46 PM

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QUOTE(AVFAN @ Jul 23 2014, 02:31 PM)
not great outlook... but why bleak?

price been 1.04-1.06 for many moons.

yesterday was ex-div, so dropped 2 cents to 1.03, quite normal.

7.2% yield, not bad!
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hmm.. didnt realize bout d dividend

anyway... just to clarify how this dividend works..

you get the dividend if you hold at what date;?

1) announcement date?
2) book closing date?
3) distribution date?
SUSalaskanbunny
post Jul 23 2014, 05:21 PM

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QUOTE(elea88 @ Jul 23 2014, 02:54 PM)
Once if they fill up all the vacant lot, then no more 1.04 story.. the price will be high then.
So, decision lies on how confident we are that the MANAGEMENT can fill up the vacant lots.

Previously SABANA returns use to be very high
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i see... i believe sabana is quite capable n lots of their ppl are from hdb.. hmm... should had whack some at 1.02

yea... used to be vey high.. sabana was my 1st reits

QUOTE(elea88 @ Jul 23 2014, 02:56 PM)
you get dividend if hold BEFORE EX DATE.
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ex-date? hmm...

QUOTE(AVFAN @ Jul 23 2014, 03:54 PM)
check here from time to time for div ex dates:
http://www.sgx.com/wps/portal/sgxweb/home/...267378636904/=/
true, sabana's div dropped quite a bit starting some months ago, so yield not so high anymore.

all that due to vacancies. industrials under pressure due to ample space now.
while i'm not expecting great performance, i am quite happy for now with 7+% yield with stable price, no cap loss unlike some others!

having said that, i won't add to sabana. more likely will add soilbuildbiz when div $ available. this one been very steady, inching up very slowing, 7.5% yield. check the charts!
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yea.. jtc releasing lots of land and ascendas brining a lot overseas..

but if u hv bought earlier 2013 u would hv loss a lot right?

i see, soildbuild... will go take a look


SUSalaskanbunny
post Jul 23 2014, 07:54 PM

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QUOTE(AVFAN @ Jul 23 2014, 06:37 PM)
interesting remark about the ex-date...
becos some time ago, the question was raised if it is as simple as holding it till the day before ex or need to hold a bit longer to get div due to diff broker requirements for payment, entitlement date, etc.
about that, i checked with my broker cimb nominee acc and confirmed the rules are same as bursa, i.e. hold until day before ex, can sell on ex, still get div. no need payment if within t+3 which is also same as bursa.
however, there was no confirmation as far as i remember if taht is also applicable to direct acc opened with broker in sg. perhaps elea88 can comment..?

sabana - yr memory serves u well. later part of 2013, it was 1.13 or so. i bot some then but averaged in feb14 at 1.03 and 1.02, so it's 1.05 for me.

soilbuildbiz - i bot in may14 at 0.79, got div in jun; now it's approaching 0.82. happy enough! biggrin.gif

in general, i'm happy with all ny sg reits - all in the green incl div, best performers being suntec and aimsampi (mainly due to rights exercise).
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damn... i am using stanchart.. d worse of all... zzz

i totally forgot bout x-date coz been busy trading intraday... lol

i got in at 1.04, hardly moved.. did some trades, long 1.03 short 1.05... lol, 1% profit in 1 day not bad..

well, my best was suntec n keppel.. rclxms.gif keppel still can long

neway, are you guys working in sg?
SUSalaskanbunny
post Jul 23 2014, 08:13 PM

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QUOTE(AVFAN @ Jul 23 2014, 07:58 PM)
was there many times, some time ago! biggrin.gif
*
so you have to pay witholding / income tax for ur dividend?
SUSalaskanbunny
post Jul 25 2014, 09:59 AM

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QUOTE(elea88 @ Jul 24 2014, 10:15 AM)
eh.. i tot dividend received LEGALLY TAX FREE? thats the whole idea of buying SG REITS right?

I top up recently:
LippoMalls
MAPLETREE LOG
MAPLETREE GCC TR

Dividend coming...

also considering OUE H T - results out 31Jul.
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nope, i think non-resi gets witholding tax or normal non-resi income tax.. even m-reits u kena tax

yea.. wanna go some into oue but it seems for dividend only.. not for trading.. px stuck at 0.895 for a long time

QUOTE(AVFAN @ Jul 24 2014, 10:50 AM)
if you have ready sgd or can easily transfer to sgd bank acc, it makes more sense to open direct with dbs. cheaper overall.

alternative is thru major local banks incl cimb via a nominee acc where u can buy/sell online, pay thru local bank account at fair exchange rates. this way, not only sgx, can do same with hkx, nyse, nasdaq.
seriously, with local economy, bursa and fd's pretty sterile, putting some money in foreign investment/currency is a good and timely thing, imo.
*
heh... am with stanchart... 0.26% brokerage... no min charge... but u gotta buy cash... no margin
SUSalaskanbunny
post Jul 25 2014, 03:22 PM

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QUOTE(wongmunkeong @ Jul 25 2014, 10:50 AM)
For clarity of taxable, not taxable, withholding tax, blah blah... - to share findings
NOTE: i'm not a tax expert ya - just reading & interpretation by common Joe.

Bottom line:
For individual investors - not taxable at recipient's end AND no withholding tax
REIT's income is NOT taxable IF distributed within financial year

The related references UNDERLINED for your easy review.

REFERENCES
http://www.kpmg.com/PL/en/IssuesAndInsight...ment_Trusts.pdf
[attachmentid=4068150]
a. Income tax
• Not taxable if SREIT’s taxable income from Singapore properties is distributed within the financial year
• Any taxable income not distributed within the financial year is subject to tax at the prevailing tax rate, currently 17%

b. Withholding tax
• Withholding tax at the prevailing corporate tax rate, currently 17%, is applicable on distributions made by SREITs, except where the distributions are made to:
• Individuals who will receive the distributions free of withholding tax, unless these are received through a Singapore partnership
• Qualifying unit holders (such as Singapore resident corporate unit holders, Singapore branches of foreign companies, bodies of persons, etc) who will receive the distributions free of withholding tax
• Qualifying foreign non-individual unit holders who will receive distributions at the reduced rate of 10% for distributions made until 31 March 2015

c. Foreign Shareholders - Dividends
• Subject to meeting qualifying conditions, foreign non-individual unit holders are subject to withholding tax at 10% for distributions receivable on or before 31 Mar 201510. This withholding tax is a final tax
• For foreign individual unit holders, the distributions are exempt from tax, unless they are derived through a partnership in Singapore
• Distributions made out of capital gains (except trading gains) are exempt from tax

Additional resources (from Gov itself):
http://www.moneysense.gov.sg/understanding...ent-trusts.aspx
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thank you but dont quite understand.. am not well educated..

btw, what's the difference between cumdate and exdate?

lol.. so nice, get almost 2% return doing intraday trade for the last few days..
SUSalaskanbunny
post Jul 27 2014, 08:35 PM

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QUOTE(elea88 @ Jul 27 2014, 07:38 PM)
Cumdate .. means the co declared a dividend. and if you bought during cum date u will be entitled to dividend.

If you have bought before ex-date, then you are entitled to the dividends.

If you have bought on the ex-date, then you would not be entitled.

You can read more here:
http://www.investopedia.com/terms/e/ex-date.asp
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thank you... appreciate the info very much, helps an amateur like me very much rclxms.gif notworthy.gif
SUSalaskanbunny
post Jul 28 2014, 02:38 PM

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QUOTE(apagranpa10 @ Jul 28 2014, 11:17 AM)
Thought u quit yr job to trade full time. Then you are not amateur you are a full time trader  rclxms.gif  U trade reits using chart ? like yr internet speed do u live in sgp ?
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lol.. not full time... 1 hour reading, 2-3 hours trading only..

doing something else... notworthy.gif

nope, not a technical person.. more towards fundamentals but dont know how 2 read reports also.. lol

yea... used to work now just live in sg..
SUSalaskanbunny
post Aug 1 2014, 03:19 PM

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i have a -ve outlook on industrial reits recently but still holding a lot due to higher yield... are u guys feeling the same?

SUSalaskanbunny
post Aug 3 2014, 12:24 AM

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haih... got hit by market badly... damn, on the way back from kl, half way mkt drop... no chance to sell also..

 

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