Well.... US markets fell badly last Friday,... chances are it will likely to be another sea of red again in the SGX tomorrow,....let it fall, let it fall,....

Another news from Keppel REIT, a segment of KepCorp :-

Keppel REIT divests its interest in 77 King Street for A$160 million

The sale of the property in Sydney is approximately 40% above its original purchase price and an approximate 27% premium over its latest valuation, and will yield a divestment gain of approximately A$28 million

Keppel REIT Management Limited, as manager of Keppel REIT (the "Manager"), wishes to announce the divestment of its 100% interest in 77 King Street (the "Property") in Sydney, Australia, to ARE Noble Pty Ltd, a wholly-owned subsidiary of Invesco Asia Core Fund for A$160 million or approximately S$160 million, resulting in a divestment gain of approximately A$28 million or S$28 million.

And a news by Keppel Land :-

Keppel Land acquires 22.4% stake in retail mall 112 Katong

Keppel Land Limited (Keppel Land), through a wholly-owned subsidiary, has acquired in aggregate, a 22.4% stake in 112 Katong lifestyle mall from BHG Holdings Pte. Ltd., Imagine Properties Pte. Ltd. and Perennial Singapore Investment Holdings Pte. Ltd. for an aggregate cash consideration of approximately $51.4 million.

Looking like global economy screeching to a halt.

this seems to be the message from most analysts/technicians.

all kinds of reports now pointing to weak oil will get weaker, china weakness will get weaker, credit markets getting squeezed...

still, a minority is bullish, all will rebound soon.




i dumped all my us and sg stocks since a couple of months ago, so glad.

kept only sg reits... hope they can ride it out.

now, just wait and look for signs of reversal.

and trade a bit here and there.

This post has been edited by AVFAN: Jan 18 2016, 11:44 AM

China is the elephant in the room. Has been for many years. We just don't know the data from China. Authentic or not?
But it seems to be worse than all them reports.

I am holding SG Reits still.

I am trading Msian stocks......not doing too badly here.

I have not dumped any REITs and dividend stocks that I bought, many of which were added in the last GFC in 2008/9. Interestingly.. all, except for Cache Logistics Trust, are still green and have substantial margin-of-safety. I take it that now is a good time to test if my investing theories have been right, and if the counters that I have bought-in and added into all this while have been right for investors.

If these counters can withstand the shock this time round, then my confidence level will soar,...

However, Cache LOgistics TRust (CLT) have dipped by 15%,... I am toying now with the idea if I should add more to CLT, and is it time yet ?

And,... for the counters which I have started to load-up on since October last year,... ALL are in the red, ... though I have not heard of any dividend cuts yet. I am not really worried at all,... in fact I am ecstatic to know that these counters are dipping,... Keppel Corp has PLUNGED .

But, having said the above,.. I am not too happy with the dips of two counters that I have bought since 4Q last year, namely - Frasers Centrepoint Trust and Keppel DC REIT. The dips are not sufficient for me to buy-in. But holding the counters allow me to go for their AGM, for which I will be able to get a better feel of the counters when I am in the same room with the board.

Frasers Centrepoint Trust AGM on coming Thursday - time to observe the BOD.

China was never the elephant in the room in the 2008/9 GFC. I agree about the data from China,...reliable or not ??

I am not spending my time trading, instead I am spending it collecting bullets, and studying-up all my instruments, getting ready to go in as soon as the signal is there. I really hoped the recovery this time round is NOT another V-slope rising sharply, as in 2009.

I wonder if any investors are practising this same strategy now,....

i will not give them benefit of doubt.

better knock off 1-2% from every growth figure.

What signal would that be?

Hi Prophet,... My personally-devised signal,.... I need to test it first,... if it has a >75% accuracy, then I'll share it with everybody here. If it doesn't, better keep quiet and swallow the failure myself,....

Looking forward to that!

Bro, why afraid of failure. Everybody fails more than wins in their life. Even Tiger Woods, Michael Schumacher, roger federer lose more often than win. Just that we learn from the failure and improve the winning chances in the future

If you can share your signal here, maybe we can all perfect it into a sure win signal

hey, u gotta find a way to test it against computerized trading one day.



no kidding, this kind of development is both interesting and terrifying:

"rise of the machines":

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 ?

Thanks, Showtime and AV,... I'll bear that in mind. Good comments....

i have Keppel Reit ... at very high price....

Based on yesterday's results, it looks okay. Just wait for the signal to average down. If you do TA, form your opinions and get ready. Otherwise, wait for others to signal out.

Singtel continues decline... now 3.45

m1 even CD continues to dipped.