that, i can't say.

Good evening all...

KepCorp has plunged again to 5.55. Bought at 5.80 last Friday,...

It's okay, I'm hoping to start buying-in slowly asap. My charts tell me that the next main support level is around 4.85 to 4.90, since 5.80 has been breached,...ignoring the removal of circuit-breakers in the CSI300 market.

Closed at 5.16?

Looking like 485 could be quite soon

Sibeh red today, esp keppel.. Broke 5 bucks within 10mins of trading...

My portfolio is lacking of healthcare & utlities sector.

Target to add in : RMG , PLife reits, Sheng Shiong

Any thought of this?

this industry is heavily capitalized, more so with the days of $100 oil.

it will take years for it to consolidate completely.

we ain't see nothing yet!

stay far far away.

just enjoy cheaper petrol!

For investors who are enthusiastic about SG Banks, do look closely at, not only OCBC for now, but also UOB. The prices have come down a very fair bit, and the yields are getting good.

Furthermore, of the three SG Banks, DBS is most exposed to possible defaults from O&G companies, followed by OCBC, and lastly UOB. Hence, include UOB into your radar.

But,... do not buy yet,... steady,......

Looks like more pain and blood to come.

DJ futures down almost 400 pts now

Unaudited results from Keppel REIT. Looks good to me,....

The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to announce the unaudited results of Keppel REIT for the fourth quarter and full year ended 31 December 2015.

Keppel REIT's 4Q 2015 distributable income grew 17.8% y-o-y

Gearing reduced significantly to 39.3% and High portfolio occupancy of 99.3% as at end-2015

Key Financial Highlights
• Income distributed to Unitholders for the fourth quarter of 2015 ("4Q 2015") and full year 2015 (FY 2015) rose 17.8% and 5.4% year-on-year ("y-o-y"), and remained constant on a quarter-on-quarter ("q-o-q") basis
• Higher distributable income was achieved despite the lack of income from Prudential Tower, as well as the absence of rental support from Ocean Financial Centre and Marina Bay Financial Centre ("MBFC") Phase One
• Improvement in distributable income was due mainly to higher property income from all assets in Singapore and Australia, as well as higher contributions from share of results of associates and share of results of joint ventures
• Distribution per unit ("DPU") of 1.68 cents for 4Q 2015, amounting to a total of 6.80 cents for FY 2015

Key Capital Management Highlights
• Gearing level reduced significantly by approximately 8% to 39.3%, considerably lower than the Monetary Authority of Singapore's (MAS) revised gearing limit of 45%
• Maintained fixed-rate loans at 70% which safeguards against interest rate volatility and provides certainty of interest expenses as well as financial and operational flexibility
• Average cost of debt remained stable at 2.5% and interest coverage ratio at a healthy 4.4 times
• Completed almost 100% of refinancing requirements in 2016, and maintained well-staggered debt maturity profile with weighted average term to expiry at a healthy 3.7 years
• Almost 100% of income from Australia hedged up till the third quarter of 2016 ("3Q 2016")

Key Portfolio Highlights
• Concluded a total of 114 leases, equivalent to approximately 1.6 million sf (attributable space of approximately 800,000 sf) of prime office space in 2015, bringing overall portfolio occupancy to a high of 99.3%
• Of the total new leases signed during the year, half were from tenants who were new to Keppel REIT's portfolio, one quarter from tenants new to Singapore and the remaining one quarter were expansions by existing tenants
• Approximately 30% (32 leases) or 480,000 sf (attributable space of approximately 222,000 sf) of space was committed in 4Q 2015
• Tenants from the telecommunications, media and technology ("TMT") sector accounted for half of the new leases signed during the quarter
• Achieved high tenant retention rate of 90% as at end-2015, and positive rent reversion averaging 13% for all new and renewed office leases in Singapore
• For leases expiring in 2016, the Manager is already in advanced negotiations with these tenants and is likely to achieve high retention
• For leases expiring in 2017, the Manager is also proactively engaging these tenants and is likely to renew most of these leases as the majority of these tenants are in their first renewal cycle
• Approximately 75% of total leases not due for renewal till 2018 and beyond, when limited new office supply is expected
• The Government of Western Australia (WA) commenced its 25-year lease at the office tower on the Old Treasury Building site in Perth in November 2015
• Announced divestment of interest in 77 King Street in Sydney for A$160 million or S$160 million, which is approximately 40% and 27% above the original purchase price and latest valuation respectively

Comments :-

1) Distributable Income grew, Gearing reduced, and high portfolio occupancy - all seemed good.
2) Since it's Keppel REIT, I would have some confidence on what they said about the Manager being likely to achieve high retention. If Bijan's gang says this, I'd think that they will have a revision later on,....
3) 75% or more leases will be up for renewal from 2018 when supply for office space lowers down,... good timing...huh ??  So, not much lease renewal risks for Keppel REIT.

Looks like everything is GOOD ! Really ah ?????

Anybody holding Keppel REIT here ?

Not all,... from my current holdings, I can see that my healthcare REITs and the sole data centre REIT are still holding-up well in terms of rentals, and still have their rental terms steady and not having any re-negotiation. The occupancy rate has not dropped too.

It would be pointless for a REIT to stand hard on imposing its rental rate, and in the end brings about a decrease in occupancy rate, or, for Industrial REITs, causing the Master Tenant to move out, having to convert to being multi-tenanted ! Multi-tenancy increases property expenses, causing a severe drop in net property income.

Hopefully we are right !

I have started to look at Ascott Residence Trust. Trigger-point, this REIT has started giving out DPU based on her US properties. The Element, at Times Square West was acquired in August 2015.

SGDMYR is ready around 2.9590. Heard many positions are ready to load-up on the SGD. Soon,... no more stocks again ?? More work to follow-up on,....

Edited : *steady

Lower lows (2.9435) 10 mins ago, and lower highs (2.9501) now,....wait for the signal,...

A tip for this afternoon,... if no stock in KL,...check rates in JB,.. or in Sgp,...

Just wondering, how much is "more" in order to get better rate from money changer than stated on their TVs? I am small timer, changing like SGD10k (MYR30k), maybe it's not good enough?

Thanks.

good for you.

1mdb saga continues into eternity, dragging everyone and everything in the mud.

crude price <31, again.

rm/usd 4.20, again.

reasons for rm to decline >>> reasons to rise.

so, keep yr usd, sgd!

And as we speak, the curve on the SGDMYR chart keeps climbing with higher lows and higher highs. The window to convert is slowly closing, after the Budget REvision and that blip in oil price.

Now must wait for the next catalyst to open the window again.

After this, back to the plunging STI again,...

By the way,... just a tip here, for forummers who are keen to open trading accounts with lower charges, they should consider The Standard Chartered, Singapore. For each transaction, the charge is only 0.20% flat on the transaction amount.

There will be a tiny fee called the SGX Clearing Fee, 0.0325% added onto the transaction amount too.

This account is good for beginners.

SCB supporter here too 
been using it for almost one year. platform is simple just not quite useful for stock analysis. most importantly no minimum charge! buy small buy big also can. the only other risk is if SCB collapse then your stocks will have problem..

Well,... for me, I am currently watching The Mandarin Oriental Hotels and a number of High-Yield Bond Funds which are denominated in the USD. Dividends are also given out in the USD if you elected them to be so. These dividend instruments are now dropping in prices.

I wanted to accumulate my USD, and I would not want my divvies to be converted into the SGD as they are paid out to me. Hence, there are quite some mechanics to activate before one can really take advantage of being able to purchase good return instruments in the USD.