*Official* First REIT (SGX: AW9U)

[wilhal18]

Indonesian rupiah's freefall may be about to get even faster
https://www.businesstimes.com.sg/ba...iahs-freefall-may-be-about-to-get-even-faster

Although First REIT's leases are denominated in SGD, the sponsor Lippo Karawaci's revenues are still in rupiah.

this is why market is so dumb. the business is running normal and lippo has been improving actually but there is 30% drop. i dont know if its not exaggerated.

 

[MichealScott]

Waiting to go in after it shows signs of recovery

Sent from Stamford Bridge using GAGT

 

[simon_84]

Waiting for ammo at month end before averaging down.

 

[JJJ010101]

This one seems to be falling faster than many other reits.. Any idea why?

 

[snowblaze]

Bought at $0.7. Just a few days to drop to $0.6

 

[wilhal18]

This one seems to be falling faster than many other reits.. Any idea why?

its your feeling. they roughly fall about the same. capitaland falls 26% . this one 35%. starhill 30%. so they are about the same, i would say.

 

[simon_84]

Bought at $0.7. Just a few days to drop to $0.6

I hope you didn't buy a lot so that you got ammo to average down later.

 

[fIgHtErKiD]

0.56 now.. any bros bought to avg dw? Planning to do so.

 

[simon_84]

0.56 now.. any bros bought to avg dw? Planning to do so.

Still on the wait and see approach.
Maybe consider to buy a little bit.

 

[crimsontactics]

Close to 50% drop YTD liao!

Sent from Samsung SM-N960F using GAGT

 

[yang_nastyman]

why is this hospital reit dropping like an airline stock? looking to see when i can buy in

 

[fIgHtErKiD]

Still on the wait and see approach.
Maybe consider to buy a little bit.

Same here. will monitor till sg4pm. Still wondering why’s it free fall given the supposed good review i read.

 

[jovinachoi]

Same here. will monitor till sg4pm. Still wondering why’s it free fall given the supposed good review i read.

What is the good review? Can share the link?

 

[JJJ010101]

its your feeling. they roughly fall about the same. capitaland falls 26% . this one 35%. starhill 30%. so they are about the same, i would say.

Are you sure.. It's dropped almost 16% from yesterday, and capitaland only dropped 5% from yesterday. The S-reits from yesterday didn't even pass 10% drop...

 

[justwakeup]

Business is sound. Buy & hold!

 

[wilhal18]

Are you sure.. It's dropped almost 16% from yesterday, and capitaland only dropped 5% from yesterday. The S-reits from yesterday didn't even pass 10% drop...

Dont just see 1 day. please look at the trend from march 6th, march 11th and march 18th.

Stocks started to tumble on the 6th (a bit), the big drop on the 11th then 18th was the next one. if you take the drop from 6th to 18th, all of them fall around the same rate. but on daily basis, they fell at different rate. but overall, all are the same.

I only regret why i didnt sell before 6th. because at that time, corona started to get wild. well, easy to say not easy to do.

 

[wilhal18]

Business is sound. Buy & hold!

i agree. matter fact. once i see a rebound, i wanna get in again.

its crazy. we are talkin about hospitals here. and indonesia is such a big population where hospitals are pretty much lacking.

Market is overreacting. they think first reits will be affected because now IDR is so weak. but usd is not getting stronger against pretty much all currency. and first reits income is in sgd.

the renewal is still in 2021 which is a year from now. by that point, corona perhaps will not be a problem again. i think this is buying opportunity.

it doesnt make sense, that this stock loses 50% in about 12 days.

 

[fIgHtErKiD]

What is the good review? Can share the link?

Hi
http://https://www.google.com.sg/amp/s/blog.seedly.sg/first-reit-sgx-aw9u-analysis/%3famp=1

 

[Junechua]

First Reit firstly has been much misunderstood.

Their earnings are not in IDR but in SGD.

Their stock trades in SGD.

Their earnings are very strong and they are supported by their very own sponsor.

The only ‘fears’ so far I have seen that analyst echo one another is the fact that one of their lease is soon due for renewal in 2021.

In pandemics like this one, the demand for quality healthcare is higher than ever. I am holding to this gem and seek to invest further should the opportunity arise.

Good luck and cheers to all investors

 

[DukeCS33]

Basically it's sponsor risk. Assets in Indonesia are earning IDR but there is a peg maintained agst SGD to shield investors from idr volatility. This is a form of financial engineering and investors would need to know that they are taking on Indonesia risk. Anyone who has been through 97 knows that Indon risk carries a high risk premium. So you need to understand the key risk before you get in.