Hi prince,....well, last count, I have 7 REITs and Trusts, namely,...

1) First REIT, Parkway Life REIT, Cache Logistics Trust - all bought in 2008 and beyond,.. have not topped-up any of these counters in the last few months.

2) For this downcycle, bought Ascott REIT, Keppel DC REIT, Frasers Ctr Point Trust and HPH Trust.

....

Yes,... tq,... unfortunately, I have not bought enough,... I still have quite some bullets left,... don't know where to shoot at now. Maybe HY bond funds,...

Observe the governance implemented as Saizen is getting 'delisted'...

Saizen REIT receives approval to continue trading on SGX

Singapore-listed residential REIT, Saizen REIT (SGX:T8JU), announced on 3 March that it has received conditional approval for the continued trading of its securities on the Singapore Exchange (SGX) even after it completes the disposal of its assets to Triangle TMK.

SGX’s minimum trading price requirement will also not apply to Saizen REIT upon it becoming a cash trust once the assets are disposed, said the REIT.

Saizen REIT had on 1 March obtained the majority of its unitholders approval to dispose off all its properties to Triangle TMK, a Japanese affiliate of Lone Star Funds, for JPY44.66 billion (SGD514.1 million).

Among requirements of the conditional approval for the continued trading is that directors of the REIT’s manager, chief executive officer and other associates are to observe a moratorium on the transfer or disposal of all their units in Saizen REIT.

This moratorium will apply for the period commencing from the date on which unitholders’ approval for the disposal is obtained, up to the completion date of the acquisition of a new business by Saizen REIT which is able to satisfy the requirements for a new listing.

The REIT’s manager will also need to provide a monthly valuation of its assets and utilisation of cash, and quarterly updates of milestones in obtaining a new business via a filing with the SGX, and maintain a deposit of not less than SGD311.2 million in an escrow account.

Units of Saizen REIT last changed hands on the Singapore Exchange at SGD1.10.

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IN red - we need to look at the conditions under the moratorium - are those parties locked-in fully on all their holdings, or only partially ? Whatever the amount of the locking,...at least we know that SGX does not allow those 'majority' parties to totally exit from their investments in Saizen,... until it is back on its feet again, or,...it gets approval from all unitholders to delist.

IN blue - SGX wants the cash trust to have a certain amount of assets for it to remain listed in the SGX, in this case, a cash amount of SGD311.2Mil in trust. THis 311.2 MIl will be 'shared out' among unitholders if Saizen finally decides to delist,....if no takers come along,....

I also bought not enough too. remember I did ask u abt the price earlier when it was ard 5.30. I bought some only.

Hansel,

the HPH Trust SGD was denominated in SGD and USD. but the dividend paid out in HKD.

may elect to receive the Distribution in either Hong Kong dollars, Singapore dollars or US dollars and shall not be able to elect to receive the Distribution in a combination of Hong Kong dollars, Singapore dollars and/or US dollars.

a) should i receive the dividend in HKD or USD or Sg? which one better

b) if denominated in usd. when buy, it will deduct from Sg settlement acc and converted to USD? How does it work ?



This post has been edited by prince_mk98: Mar 5 2016, 06:29 PM

TQ Hansel for sharing

Ascott Reit is with good potential when I see its portfolio. will catch some on Monday.

This post has been edited by prince_mk98: Mar 5 2016, 07:56 PM

Hi Prince,.. yes, Ido remember somethng like that,.. Back then, I think the oil price wasaround USD30.00 per barrel of USD28.00 per barrel,... Hence, I really couldn't be sure if this oil price will drop lower, pulling KepCorp down further,... If I'd known KepCorp would turn around, I would have told you so, and bought more personally,... hindsight investing,....

anyhow, I made up my mind to go into Keppel Corp as this counter has many line of business.

the coming reits I wan to go in is Ascott / Capital Land.

Ascott is subsidiary of Capital Land. but the dividend for Capital Land is lower than Ascott. why

The replies :-

a) for currency diversification, if you see the HKD is strong vs the SGD, take the divvy in the SGD. Otherwise, take the divvy in the HKD.

b) you can choose to pay for the contract and the settlement amount in the SGD or in the USD, if you have a multi-currency brokerage account. Otherwise, convert over from the SGD into the USD to pay,...

Ascott is a trust and has a tax advantage if they pay out a certain portion of their net income as dividend to unitholders. Capitaland is not a member of the Collective Investment Scheme (CIS).

Ascott has very high quality assets around the world.

Hansel,

It seems you are very knowlegable in reits and shares investment.

As for HPH, which one can i pick ? HPH Trust SGD or USD? Bit confused.

This post has been edited by prince_mk98: Mar 6 2016, 01:09 PM

Prince,...if you USDs in-hand, use your USDs to buy,... for after all, you are not going to earn any interest on your USD holdings. If you don't, then if you trust that the USD will strengthen in the longer run against the MYR or the SGD, then convert over whichever you think is appropriate into the USD and transfer to your brokerage firm.

You can only buy HPH Trust in USD ! Whatever other currencies you may have,... will need to be converted into the USD before transacting.

Hansel,

ok noted. I have some usd remaining in the settlement acc. will use them up.

Latest news,.. don't know if have reached the public yet..........Ron Sim intend to offer to take Osim provate for $.34 per share for the remaining shares that he does not hold,... I think not enough,... investors must ask for more.

Osim has great income potentials in future as the people age and people are more health-conscious,... Investors must think carefully,....

Edited : ...sorry,.. just noticed my typo error,.. it should be $1.34 per share,... but that's what he said, we may not need to agree,....

This post has been edited by Hansel: Mar 7 2016, 11:50 AM

Drop so fast...

Rebound also so fast... now already 6.27 in matter of few days...

Keppel Corp 6.27

Still can buy and keep?

I think KepCorp can still buy,... keep for the dividend yield if gone-off into the red later,...

OK,... look closely at FCT,..it's dropping, dropping,....

Mkt U-turning,.... that's what I observed,.............Now many red's on my screen,...

FCT stood at 1.93 if it keep dropping to 1.85 then can grab some

good la... maybe my chance to buy back coming!


but... i will be patient...