better to wait for more details from them.
now too much speculation

in response to news.. First reit stats to dipped.

First REIT, SGX - AW9U :-

1) On Wednesday, October 28th., 2015, the following news came out from Reuters:-

http://www.reuters.com/article/2015/10/28/...N11900V20151028

AW9U closed at $1.32 on the same day.

2) On Thursday, October 29th., 2015, AW9U opened at 1.32, dropped all the way to 1.20, then recovered to 1.24, and closed at 1.24. On the same day, the following news were disclosed to the SGX :-

http://infopub.sgx.com/FileOpen/First%20RE...t&FileID=375486

In short : the Manager of First REIT said : As at the date of this announcement, the Manager is not aware and has not been informed by First REIT's sponsor, PT Lippo Karawaci Tbk (the “Sponsor”) of the Sponsor’s plans as set out in the Article.

http://lmir.listedcompany.com/newsroom/201...WE3MLHCE8.1.pdf

In short : the Manager of Lippo Malls Indonesia Trust said : the Manager is not aware and has not been informed by the sponsor on their plans to shift.

3) Today, October 30th., 2015, AW9U opened at 1.205, dropped till 1.15, recovered to 1.18 as of NOW.

No official disclosures to the regulators yet by Fisr REIT nor by LMIRT till now. Questions posed to the IR have not been replied to yet till now.

Comments :-

1) What is the REIT regulations available in the JSE that may cater for these two REITs if they should decide to shift over ?

2) The Reuters report said : Indonesia's government last week announced incentives aimed at getting companies to create REITs by removing double taxation that may apply to such businesses.

The incentives were announced last week. Does this mean the implementation of the incentives would materialise ?

3) In a related report by the Edge :-

http://www.thestar.com.my/Business/Busines...esia/?style=biz

Mr James Riady said : "Because of the government policy, we think Indonesia has very good potential for REITs,".

He did not mention that he will shift the two currently existing REITs to the JSE. He may be thinking about setting-up new REITs for his other properties in Indonesia.

4) Will any CEO intentionally kill a productive golden goose and then try to raise another one at another place ?

5) The SGX is experienced in the running of REITs with an established REIT market, has great incentives, has the largest REIT market in Asia ex-Japan, has international investors coming to invest in her REITs, and has great currency..

The JSE promises to give to give better tax incentives in order to spur up their REIT market.

Perhaps Indonesian property developers who have no external REIT presence may want to capitalise on this new incentive scheme in the JSE, to try it out and to hope that everything turns out well. But again, to kill a golden goose from another place and try out in a less-developed environment ?

Edited to correct grammar errors...

This post has been edited by Hansel: Oct 30 2015, 12:45 PM

Recovered today from noon to ard $1.25, then closed at $1.24. Let's see what ann'ts appear from AW9U and LMIRT on Monday, November 02, if any.

Steady.

http://www.theedgemarkets.com/sg/article/f...-reuters-report

this riady guy is either testing for reaction for hidden agenda or an idiot, should know how to communicate better and more responsibly.

i have lost faith in INDON equities.

This post has been edited by AVFAN: Oct 30 2015, 07:00 PM

Hi AV,... agreed. With my analyses in-place, let's see what happens. Reactions in the coming days and weeks from the SG market as a whole and the worldwide investors of First REIT will give a clearer picture of what's coming.

Steady,...

the thing is it's been more than than 2 days since he made that statement.

it cannot be without reason that he and his office chose not to correct what he said.

speaks volume of the man.

And SGX never question the managers of both Reits too. There should be a filing with SGX (or clarification) with such material announcement by the group CEO


edit : actually the manager did http://infopub.sgx.com/FileOpen/First%20RE...t&FileID=375486

This post has been edited by Showtime747: Oct 30 2015, 09:24 PM

that too.

somebody need to be sacked!

Sorry they did. They say they are not aware of the plan

Gents,... somebody has already asked the IR on both managers what material find did they discover upon checking with the sponsor, pursuant to the statements quoted by Reuters against the sponsor's CEO.

Sure, the managers said they are not aware, but pursuant to one of the Listing Regulations, something of this nature, which highly affects the trading of units in the exchange requires a response from the issuer. THIS IS SINGAPORE, we can do our part here, transparency is the utmost quality.

We are now awaiting replies from IR on how their sponsor is replying to them.

Edited by adding the second para above.

This post has been edited by Hansel: Oct 30 2015, 11:42 PM

yes,.. just stick to those Prop inSingapore....!!!!! Less forex headache.

Keppel Corp. Below 7 . Any idea if still consistent div?

I'm sorry,... I have not counted yet,... I have got my hands full with Saizen REIT and First REIT.

On a very broad-based strategy, I would say the move now should be to hold back our purchases. The Feds are hinting again of a rate hike in mid-December - the mkt will look at this and chances are it will drop further. At this time, for whatever funds we have available, out it into Sgp FD first.

Accumulate bullets, 'when the prices have dropped sufficiently', then buy-up the targetted counters.

If we can enter at a good price, even if the dividend drops, the yield will still be acceptable.

SAIZEN.. u make money

FIRST REIT.. that one is pening..
as current price above NAV.

this round, i am with you.

i am not buying anything new after selling some in sgx and nyse.

will keep my head down and see what happens by Xmas.

let's shout if we think it is time to buy!

For Saizen,.. , however, I am not really happy to make this type of money. For after making this money, I have to start all over again to look for another instrument to maintain my passive income. I have to do my studying again.

First REIT - don't move too fast,... watch first. One mkt observer this morning said that it is not easy for First REIT to simply just delist from the SG mkt and run away. He is not talking about the mechanics of delisting, but more towards the commitments that FR has put in-place, eg the SGD-denom rental payments from the Indonesian hospitals to the managers in Sgp.

I heard Ms Yellen is giving a presentation to a US Govern't economic committee on Wednesday, US Time. More hints to come from there.

As we speak, the following SGX counters have dipped further :-

1) OCBC Bank
2) Keppel Corp
3) Frasers Centrepoint Trust
4) Keppel DC REIT

The following SGX counters have stayed their course :-

1)AimsAmp Capital REIT
2)IREIT Global

Down they go,...hopefully,...

Edited to correct information...

This post has been edited by Hansel: Nov 2 2015, 02:30 PM

Singtel < 4.00
OCBC < 9.00
DBS near < 17
UOB near <20
Soilbuild very near <0.80
Cache < 1.00
Suntec near <1.60
Mapletree near <1.50

Go go go, back to 27xx like in late September