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 Singapore REITS, S-REITS

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thkent91
post Sep 30 2022, 03:31 PM

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QUOTE(Ramjade @ Sep 30 2022, 02:42 PM)
Yes.

For singapore REIT, you can use IBKR. But keep in mind s-reit likes to ask for money (rights or placement) Vs Malaysia reit. Some rights or placement cannot be sub via IBKR. If you want a platform that let you sub for rights and placement online, use FSM SG. You pay more per trade I think SGD10 Vs Ibkr of SGD2.50 by going FSM SG route. If you don't care about subscribing for rights and placement fine to go via IBKR.

Avoid Malaysian brokerage. You pay higher commission than above, you dividend fee and you pay higher exchange rate. Not worth it.
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Hey Ramjade, I have been using Kenanga for a while and last year onwards they allow us to subscribe rights and also DRP

But yes. Brokage is abit higher at 0.6%
thkent91
post Nov 6 2023, 01:03 PM

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QUOTE(Hansel @ Nov 1 2023, 08:26 PM)
Sorry,... Hospitality REITs are quite okay too,... tho' their rental incomes weaken vs our SGD. I'd bank on Far East,... no forex risk here,....

TOS ?
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I'm vested in Far East Hosp Trust too. Singapore should be remain robust due to stability and staying neutral of geopolitical issues.

2nd is because the debt leverage is very low around 34%

The dividend yield is good because their stock valuation are quite low now

The current price is always a better buy compared to Maybank Malaysia. Furthermore I'm anticipating 1 SGD to 5 RM within 5 years time
thkent91
post Nov 6 2023, 08:45 PM

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QUOTE(Hansel @ Nov 6 2023, 06:53 PM)
Thank you for replying, bro,...

How long have you held FEHT ?
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2-3 years. Previously Pre-covid was more focus on Mreit
thkent91
post Nov 16 2023, 04:08 PM

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QUOTE(Hansel @ Nov 16 2023, 03:15 PM)
Hi bro,...

The problem with FEHT is : there is not much capital gain to be made on this REIT. If I look at the 5-year chart, the highest it could climb is only $0.78. And that level was reached just before the pandemic dive in March, 2020. Some structural changes would have taken place after the pandemic, and it is not certain if this structural chg will bring abt further positive OR negatives effects to FEHT.
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I'm looking at the dividend yield in my own definition of 'undervalued'.

At the current and projection view, it deserve a higher valuation la, at least in my opinion.

I would be happy to sell it off at 0.78 and swap with Ascendas, if it ever reach that price again

On the structural part I don't know laugh.gif laugh.gif Maybe someone can explain to me
But I know Singapore Residential/Hospitality is expensive and not going to drop drastically
thkent91
post Nov 27 2023, 04:08 PM

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QUOTE(Hansel @ Nov 16 2023, 06:33 PM)
What valuation model do you use for FEHT ? DDM, or what, bro ?

Ascendas will have reduction in dividend payouts because of higher borrowing costs moving fwd as more debt tranches become due for refinancing. FEHT's RevPAR keeps growing and is big enough to be able to 'withstand' higher borrowing costs,...

How does SG residential prices not dropping back affect Hospitality REITs ?

Appreciated ur comments,...
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Sorry for the late reply

In terms of Statistics: RevPAR, DCF. Debt Ratio <37 is acceptable to me

In terms of Logical sense: Being 3 to 4 stars hotel rating, it's like a mid range hotel. Good times, can capture mid range customer, Hard times, can capture high range customer

In terms of Psychology and Geopolitics: Rather safe. Its a safe house for high profile Asians to store and protect their wealth

This post has been edited by thkent91: Nov 27 2023, 04:10 PM
thkent91
post Feb 15 2024, 03:59 PM

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QUOTE(Hansel @ Feb 15 2024, 05:37 AM)
3) Clearly, FEHT’s 5 or 7 hotels have more guests that CDL’s hotels worldwide… spent my time doing the anslysis yesterday & today while waiting for my roasted suckling pig to arrive in a nearby Lee Gardens restaurant, and now at the Regency Hatyai…
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Vested? biggrin.gif

 

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