Mapletree Pan Asia Commercial Trust *Official* (SGX:N2IU)

[BeHappyLo]

i created this thread because i find it difficult to track this in that thread about 'Mapletree Family of reits"..

Mapletree Commercial Trust started at 'sell' on rental reversions slowdown

By:
PC Lee
02/01/18, 11:12 am
SINGAPORE (Jan 2): Maybank KimEng is starting coverage of Mapletree Commercial Trust (MCT), the best performing REIT in 2017, with a "sell" and $1.45 target price given DPU downside risk.

Maybank says MCT has delivered an average 23% six-year rental reversions at VivoCity, S’pore’s largest mall, and 4.9% DPU CAGR from FY12-17 following its Mapletree Business City 1 (MBC1) acquisition in 2016.

However, Maybank believes these are reflected in its valuations, now at 5.8% yield.

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Looking ahead, Maybank believes the market will need to price in a slowdown in rental reversions across its portfolio and expects MCT’s share price to lag its retail peers.

"We find the shares overvalued and initiate with "sell" and DDM-based target price of $1.45," says analyst Chua Su Tye in a Monday report.

Source : The Edge.

I have a big portfolio of this and so I track this REIT closely.

 

[endlssorrow]

Ok
So any good tips on this reit?

Vested too

 

[EvilPaladin]

will add more at a comfortable level.

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...take-maybank-kim-eng-negative-on-retail-reits
Broker's take: Maybank Kim Eng 'negative' on retail Reits
TUE, JAN 02, 2018 - 11:39 AM TAN HWEE HWEE hweetan@sph.com.sg

SINGAPORE'S retail real estate investment trusts (Reits) continue to face rising rates, peak new supply and structural challenges despite a cyclical rebound in tourism and a stronger economy, Maybank Kim Eng analysts said in a recent report.
The brokerage initiated coverage of the sector with a "negative" call, giving a "buy" recommendation only to top-pick Frasers Centrepoint Trust (FCT).
CapitaLand Mall Trust and SPH Reit earned "hold" calls, while Mapletree Commercial Trust and Starhill Global Reit received "sell" ratings.
Maybank Kim Eng noted that optimism has been rising on retail Reits as tourism, GDP growth, the job market and consumer sentiment improve.
But retailers and malls are also feeling the heat from e-commerce competition and sales leakages as Singaporeans increasingly spend overseas or via online channels. Such structural challenges look daunting with online penetration potentially climbing to between 10 and 20 per cent from 4.6 per cent of retail sales.
Sales per square metre of retail space have also eroded 6 per cent over three years, with long-term organic growth rates for retail Reits lacking visibility, the broker said.
Despite these considerations, Maybank Kim Eng considered FCT, which has three malls in the north of Singapore that make up 80 per cent of its assets under management, as more resilient.
Elsewhere, the broker flagged a weaker outlook for suburban malls, and it forecast that prime Orchard Road rentals will stage a recovery in 2018 due to tight supply.
Maybank is projecting a 14.4 per cent total return upside for FCT, versus up to an 11 per cent downside for other retail Reits.

 

[AikiBoy]

i also got 5 lots here.

 

[BeHappyLo]

results to be released after market close today……………i am expecting a big CNY angpao.

 

[Layers]

Dpu up 0.9%

Sent from Samsung SM-N950F using GAGT

 

[BeHappyLo]

INGAPORE (Jan 24): Mapletree Commercial Trust Management, the manager of Mapletree Commercial Trust, has declared a 3Q DPU of 2.30 cents, up 0.9% from a year ago.

3Q gross revenue rose 0.8% to $109.7 million from $108.8 million mainly due to the higher contribution from VivoCity and MBC I, offset by lower contribution from PSA Building and Mapletree Anson.

Revenue for VivoCity and Mapletree Business City I (MBC I) was $1.2 million and $0.8 million higher than 3Q. Revenue for PSA Building and Mapletree Anson was $0.4 million and $0.7 million lower mainly due to lower occupancy in 3Q.

Property operating expenses were 2.8% lower at $23.7 million mainly due to lower utilities expenses and marketing and promotion expenses, offset by higher staff costs and property taxes.

As a result, net property income rose 1.9% to nearly $86 million. With finance expenses were 4.4% higher at $16.4 million mainly due to higher interest rates, income available for distribution also increased 1.3% to $66.5 million.

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...usts-q3-dpu-up-on-higher-rental-contributions
Mapletree Commercial Trust's Q3 DPU up on higher rental contributions
Wed, Jan 24, 2018 - 6:48 PM Lee Meixian leemx@sph.com.sg

RETAIL landlord Mapletree Commercial Trust (MCT) on Wednesday posted a 1.3 per cent increase in income available for distribution to S$66.5 million for its third quarter ended Dec 31, 2017.
Distribution per unit (DPU) also rose to 2.3 Singapore cents, up from 2.28 Singapore cents a year ago. This will be paid on Feb 28; the books closure date is Feb 1.
Revenue for the quarter rose 0.8 per cent to S$109.7 million, while net property income rose 1.9 per cent to S$86 million, mainly due to higher contributions from VivoCity and Mapletree Business City I, thanks to step-up rents in their existing leases, as well as higher rental income following the completed renovations at VivoCity.
Revenue for PSA Building and Mapletree Anson fell slightly mainly due to lower occupancy in the quarter, despite step-up rents in existing leases as well.
The latest distribution brings the nine-month FY2018 DPU to 6.77 Singapore cents, a 6.4 per cent growth from the corresponding year-ago period.
Units of the trust added one Singapore cent to close at S$1.66 on Wednesday.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=N2IU.SI

 

[Minx99]

http://www.businesstimes.com.sg/com...usts-q3-dpu-up-on-higher-rental-contributions
Mapletree Commercial Trust's Q3 DPU up on higher rental contributions
Wed, Jan 24, 2018 - 6:48 PM Lee Meixian leemx@sph.com.sg

RETAIL landlord Mapletree Commercial Trust (MCT) on Wednesday posted a 1.3 per cent increase in income available for distribution to S$66.5 million for its third quarter ended Dec 31, 2017.
Distribution per unit (DPU) also rose to 2.3 Singapore cents, up from 2.28 Singapore cents a year ago. This will be paid on Feb 28; the books closure date is Feb 1.
Revenue for the quarter rose 0.8 per cent to S$109.7 million, while net property income rose 1.9 per cent to S$86 million, mainly due to higher contributions from VivoCity and Mapletree Business City I, thanks to step-up rents in their existing leases, as well as higher rental income following the completed renovations at VivoCity.
Revenue for PSA Building and Mapletree Anson fell slightly mainly due to lower occupancy in the quarter, despite step-up rents in existing leases as well.
The latest distribution brings the nine-month FY2018 DPU to 6.77 Singapore cents, a 6.4 per cent growth from the corresponding year-ago period.
Units of the trust added one Singapore cent to close at S$1.66 on Wednesday.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=N2IU.SI

A yummy 9.1% dividend yield, how not to like...

 

[weng0202]

A yummy 9.1% dividend yield, how not to like...

Wow bro, your purchased price very low? I got mine for 1.57.

 

[Minx99]

Wow bro, your purchased price very low? I got mine for 1.57.

Cannot compare, i have been through thick & thin with this baby, since IPO days in April 2011...

 

[weng0202]

Cannot compare, i have been through thick & thin with this baby, since IPO days in April 2011...

I see, haha. Good for you. I hope to get more at low prices when the chance comes. Reits will form part of my passive income when I retire.

 

[Layers]

I see, haha. Good for you. I hope to get more at low prices when the chance comes. Reits will form part of my passive income when I retire.

wow take b how much divy liao

Sent from Samsung SM-N950F using GAGT

 

[BeHappyLo]

Got edmwer still earning yield 9% means got years never accumulate a good stock. Is this wise? To me, it is not. It is like sitting on AMZN at the $300 level and never accumulate more!

 

[weng0202]

Got edmwer still earning yield 9% means got years never accumulate a good stock. Is this wise? To me, it is not. It is like sitting on AMZN at the $300 level and never accumulate more!

Maybe he did? What makes you think he didn’t?

 

[BeHappyLo]

Maybe he did? What makes you think he didn’t?

it's math.

 

[Minx99]

Got edmwer still earning yield 9% means got years never accumulate a good stock. Is this wise? To me, it is not. It is like sitting on AMZN at the $300 level and never accumulate more!

1) Your maths is faulty.. There is also such a thing called position sizing in portfolio management. MCT isn't the only stock that pays a handsome return.
2) It's certainly wiser than trying to time the market, selling low then trying to talk down the market for the whole of 2017, embarassing yourself in the process...

 

[BeHappyLo]

1) Your maths is faulty.. There is also such a thing called position sizing in portfolio management. MCT isn't the only stock that pays a handsome return.
2) It's certainly wiser than trying to time the market, selling low then trying to talk down the market for the whole of 2017, embarassing yourself in the process...

no need to tell me about position sizing……….show me your math………no matter how u size u have given up capital gains for the last 2 years.

 

[Minx99]

no need to tell me about position sizing……….show me your math………no matter how u size u have given up capital gains for the last 2 years.

I have stated the facts. I have better things to do than to waste time arguing with a stubborn old man...