You must know how to count when the effect will come in. Similarly, you must know when will one-offs finish, and when one-offs may be given out,... Skills on investing into REITs,...

Yeah,... being able to count one-offs would be level two already,... I still find this skill useful,... because then, I will be able to predict the coming dpu payments. Otherwise, how to gauge for increasing dpu payout ? And the reasons for sudden drops or rise in the payout....

Though having too many rights and placements does not sound so good, HOWEVER if everytime such a corp action comes along and the dpu increases, or perhaps remains steady for once, then subsequently increases upon the next acquisition, this is still acceptable. Means the REIT is growing very fast !

But of course, we must have enough firepower to cater for such corp actions. Some egs :-

1) Mapletree LOgistics Trust's chain of acquisitions and corp actions is GOOD, leading to increasing dpu.

2) Manulife US REIT's is not good, leading to dropping dpu.

This post has been edited by Hansel: May 1 2018, 12:48 AM

Yeah,... a pity,... but I'm glad Keppel-KBS REIT exists in The SGX. If I exit from Manulife USR, I can still go into KKBSR with my USDs.

I think I'm going to skip the coming Rights Issue exercise,... don't want to subscribe anymore,....

A pity here,... the mgmt treats investors quite well,... but ends up like this,...

UMS treats investors badly, never replies emails, CEO tells investors that "I only have 5 minutes for you", but the sp is good and the dpu is good,.... I never speak with Andy Luong,... he is the type that you must leave him alone to do his work,... don't talk to him too much,....

This is still new,... if we provide enough feedback to them for improvements, they will do so,... I have invested in KepCorp for many yrs, in and out,... things have been transparent and predictable,... this is one counter that I play cap gain on, and while waiting for cap gain, reaping dividends too,...

What they say they will do and can do, it happens,....

Actually,... back when MUST first IPO'ed, I kept commenting we needed another USD REIT in SG,... can't depend solely on MUST only, what if MUST fails us ? Then KepCorp jumped into the fray,.... And,... the day has come, MUST seems to be flailing,...so, we have KKBSR to try in,....

And we have another REIT into which we can invest our USDs,.... no harm trying, rather than leaving our USDs earn Fixed Deposit rates,...

https://secure.fundsupermart.com/fsm/articl...7/?locale=en_us

We say SG REITs are expensive,... the above article thinks otherwise, generally,....

Good point abt Keppel REIT - but Keppel REIT's assets are hard, if I'm not mistaken,.. they're office assets ? Just digging my memory here, if the assets are 'challenging', there is just so much the mgr can do,... but then look at Keppel Infra Trust - the dpu amt is still holding,....

And I don't need to explain abt Keppel DC REIT,... it's definitely creating value,... so,....... 3 out of 4 is not too bad,...

Don't know why you compared the P/E values of the overall mkt of such countries with our Amanah Saham. Our Amanah Saham has no P/E values,... or well,... I've never seen one anywhere for each of the FP fund. For the Fixed Price funds, it's always RM1, that's all,...

Stagnant is okay,.. yuo must know what the history of KIT was. As Cityspring Infrastructure Trust earlier, it couldn't even be consistent with its dpu, and there were so many problems,... today, it's more consistent with its dpu, after having been taken over by the Keppel Group. Read-up on one of its assets, called Basslink. This was really a pain to Cityspring, and KIT is pulling its weight on this asset now. This is the value that Keppel brings to unitholders.

Cityspring was one of my first counters when it IPO'ed.

Read-up on Data Centre REITs, and the opportunities abound for data centre assets,... I shan't elaborate too much on this... Keppel jumped into this business, and this is another value that Keppel brings to unitholders.

Let's see if Keppel can turn Keppel REIT around then,... coming from the other end of the line to your argument,...

As it stands now,... as I said earlier : it's 3 against 1,... 3 because Keppel Corp itself is also adding value for shareholders, being able to leverage on its property business to bring results rather than wholly-dependant on its O&M business only,... unlike Semb Marine,...

Edited by adding : CCT ? After the surprise take-back of Bugis Village by the SG GOv't, there's a problem for CCT already,.. talking abt the future and 'how long'....

This post has been edited by Hansel: May 1 2018, 06:05 PM

I spoke a lot today,... hehe,....public holiday, I guessed,...

Okay-lar, even if Keppel REIT is lousy, still, it's 3 good and 1 bad under the KepCorp umbrella. Hence, I think can try with KKBSR if MUST bungles,....

Lippo Mall Trust, LMIRT reported results recently,...

http://lmir.listedcompany.com/newsroom/201...K632ZD2XR.2.pdf

But dropped in many metrics,... the questions are :-

1) Why did the currency effect hit them so hard,... they did not have hedging vs the SGD ? A country like Indonesia must always have hedging,... since it's currency is so weak vs the mighty SGD.

2) The dpu dropped by almost 25% against the earlier amount in the previous corresponding period.

Currency hit them by 9.1%.
New tax ruling in Indon hit them by 10% on that portion of the rental amt collected, not against the overall GRI.
So,.. property expenses must have hit them by 10% to 12% ?

3) Why was the New Tax Ruling not informed to investors back in end-December 2017 so that investors can decide on what actions to take. This ruling was only made public in April 2018. This is too late for investors to act. The effect is so strong against our dpu.

Growth prospects are strong in Indon, GRI and NPI increased a lot in Rupiah terms, high occupancy, etc,... are not really helpful if the dpu can drop by a quarter,....

Just helping out with the analysis here, am not invested into LMIRT.

Edited grammar errors and explained points in better ways,...

This post has been edited by Hansel: May 4 2018, 01:04 PM

Of note is that even after a big bonus issue last year, with so many additional units, the dpu still stays at 1 ct per unit...

In the SGX :-

Ex-Dividend Date is TWO Business Days before Book Closure Date.

Last Day to buy for Rights Issue qualification is ONE Business Day before the Ex-Dividend Day.

Tq Sis,... looks like the chance to buy more UMS is coming soon,....

But Micro Mech's dividend yield is not as good, and I think it pays out only twice a year, right?

It's dpu only started increasing since 2015,... when times for semiconductor devices started to be good. Prior to 2015, the dpu stayed at 3 cts since 2009. Will the dpu be reduced soon ???

Please elaborate on MMech's ROE being superior than UMS's,...

Not yet, bro,... but then again,... hmm,... I have a lot of shares of UMS, hence, may need to think carefully before buying more. My average price = 60 cts !

I have disposed ALL of my Manulife US REIT. Last batch at USD0.910 this morning,....

Sorry guys,... deviating a bit,... to bro Prophet, how is your Eagle doing now ? Am thinking of nibbling bit here,....

https://seekingalpha.com/news/3289429-eagle...s-0_45-dividend

Tq for the infos, Prophet,... comparing the two reports below :-

1) https://seekingalpha.com/news/3289429-eagle...s-0_45-dividend, AND

2) https://seekingalpha.com/pr/17166736-eagle-...nancial-results,

The dps has dropped by more than 50%, ie from 45 cps (August last year) to only 20 cps, May this year. Isn't this a huge plunge within 9 months ?

How much has the price dropped within this time period ?

Bro,... thank you very much for the clarification,....appreciated it !