Sasseur REIT *Official* (SGX:CRPU)

[angcheek]

Will price drop next week ?

 

[dappermen]

minimal usually

unless it is across-the-board issues 4 most

 

[Shion]

Analysts positive on Sasseur REIT following strong 4Q21 results​

https://www.theedgesingapore.com/ca...ve-sasseur-reit-following-strong-4q21-results
Analysts are positive on Sasseur REIT’s growth prospects after the REIT reported its 4QFY21 results on Feb 18.

CGS-CIMB, Maybank Securities and DBS Group Research analysts have kept their “add” and “buy” calls, with target prices of $1.06, $1.10 and $1.15, respectively. The REIT’s FY21 DPU, which reached a new high of 7.104 cents, surpassed the analysts’ and consensus estimates.

Sasseur REIT reported entrusted manager agreement (EMA) rental income of $35.4 million in 4QFY21. Its income available for distribution expanded 8.4% y-o-y to $25.3 million, underpinned by higher fixed component of the EMA rental income, a stronger renminbi, as well as interest cost savings, note CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei.

The REIT’s portfolio sales rose 16.6% q-o-q in 4Q21 due to seasonality, but fell 6.8% y-o-y as pandemic measures curbed buying sentiment, says Maybank Securities’ analyst Chua Su Tye. He highlights that the Chongqing Liangjiang Outlet continued to perform better, representing about 52% of Sasseur REIT’s 4QFY21 sales.

“Contribution from fashion, sports and international brands rose to about 79% of gross rental income from higher average selling prices, but should ease into the 1H22 summer months. Sales growth momentum is strong, and we expect better y-o-y comparables in FY22,” says Chua.

The REIT’s portfolio occupancy rose to 94.5% in 4Q21, with improvements across all outlets. Chongqing Liangjiang remains fully occupied and yields look set to rise with a conversion of the level 5 office to retail space, Chua highlights.

Hefei’s occupancy climbed further to 95.7% post-asset enhancement initiatives (AEI), while Chongqing Bishan’s occupancy improved to 83.5%. Sasseur REIT expects this to rise further to about 90% in FY22, as an AEI to decant the mall completes in 1Q22, and tenant remixing initiatives are expected to boost sportswear contribution.

The completion of several AEI projects this year should help to increase traffic flow to two of Sasseur REIT’s four malls. This includes conversion of ancillary space into retail space at Chongqing Mall which was completed in Dec 2021 and space reconfiguration at Bishan Mall pending completion by 1Q22, DBS analysts Geraldine Wong and Derek Tan wrote.

Meanwhile, Lock and Eing note that Sasseur REIT is well-placed to tap into inorganic growth opportunities given its robust balance sheet, including exploring acquisition opportunities of its sponsor pipeline assets such as Xian Outlet Mall.

“It has significant debt headroom of $952 million, based on our assumption of a ceiling leverage of 50%. As these properties are fairly sizable, we believe any potential acquisition would likely be funded through a combination of debt and equity.”

Wong and Tan point out that Sasseur REIT is negotiating to refinance $516 million worth of debt due March 2023. Given People Bank of China’s dovish stance, the REIT could potentially reduce its average cost of debt from the current 4.4% to 4% post-refinancing.

As at 12.05pm, units in Sasseur REIT are trading flat at 85 cents.

 

[dappermen]

a gem is Alwys a gem!

but what exactly is an inorganic growth?

"Sasseur REIT is well-placed to tap into inorganic growth opportunities given its robust balance sheet, including exploring acquisition opportunities of its sponsor pipeline assets such as Xi'An Outlet Mall."

https://www.moomoo.com/en-us/news/p...tm_term=13375105&data_ticket=1645447799665614

luv a Reits with gd TP but of cos dont believe!!! Lower it to 99cents !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! or 95cents
dont ever fully trust analysts! i trust UOBKY has placed high hopes on it too!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"CGS-CIMB, Maybank Securities and DBS Group Research analysts have kept their “add” and “buy” calls, with target prices of $1.06, $1.10 and $1.15, respectively. The REIT’s FY21 DPU, which reached a new high of 7.104 cents, surpassed the analysts’ and consensus estimates."


MLT? wait long!!!! Lousy! my worst nitemare w Mapletree
someone qn me that betting on Sasseur is a gamble!!!!!!!!! he should go qn the analysts, how they compute the TP???????????????????????????

any hold more than 20K units of Sasseur?

though Never a believer of TA-

UOB - did a Technical Analysis:
Sasseur REIT (SASSR SP) - Trading BUY
The price correction has managed to stay above the cloud, keeping the bullish trend intact. The conversion and base lines had a bullish crossover earlier …

https://research.uobkayhian.com/content_download.jsp?id=65835&h=8f7531bdd47d10aec79487868e6d2f37

i just Loaded more!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!usin Cash!!!!!!!!!!!!!!! spending on it blindly - love it so Much
i wish tmr i can buy MORE but No more cash!!!!!!!!!!!!!! w to use my CPF again



My oa ONLY got 1 stk (Sgx) - u wana guess which 1? endowus (robo) aside

https://forums.hardwarezone.com.sg/...ficial-sgx-crpu.5774076/page-4#post-139121844

 

[TehSi99]

Unless fundamentals change, I will keep this as my long term regular source of cash as part of my income.

 

[dappermen]

all of those i recommended to buy this stock as the wonderful allianz (although equity lovers usually do not wanna a bond-related item: https://forums.hardwarezone.com.sg/threads/allianz-income-and-growth-fund-anyone.6640264/ )
shared the exact same sentiments like u!!!

 

[dappermen]

Keppac is fantastic too! the only US Reits that is worth your attn too! not the other Keppels eg Keppel DC Reit or....not mapletrees too


I own Sassy Sasseur as some of u alrdy know
as well as latest Keppac ,
but which of the 5 do u own, dont Evn hve to imitate but at least shd have 2 or so??? reasonable

UOBKH TOP YIELD STOCK PICKS :
UtdHampshReitUSD BUY 0.95 0.625 52.0 1.6 14.5 11.2 10.0
ManulifeReit USD BUY 0.80 0.65 23.1 0.8 15.3 12.4 9.3
Sasseur REIT BUY 1.12 0.845 32.5 6.3 17.0 10.2 9.0
KepPacOakReitUSD BUY 1.10 0.71 54.9 (4.1) 15.1 11.3 8.9
Ascendas Reit BUY 3.92 2.77 41.5 0.4 20.2 17.9 6.0
(read only p2& 6 since this is a thread purely on Reits
https://mcusercontent.com/ccf83de3f...il&utm_term=0_d59b491060-47e5dc392f-225545766
)


although an old 2017 article: https://www.spglobal.com/spdji/en/d...-impact-of-rising-interest-rates-on-reits.pdf

https://forums.hardwarezone.com.sg/...ussion-thread.4313167/page-165#post-140544104will this alleviate some fears of Constant hike in interest rates?

REITs can offset impact of rising rates with a more defensive portfolio?​

https://www.theedgesingapore.com/ca...-impact-rising-rates-more-defensive-portfolio

Tks to Clubbie sharing: though some might argue Sasseur P/B is too high?

https://forums.hardwarezone.com.sg/...ussion-thread.4313167/page-165#post-140553942

 

[TehSi99]

Hope the continued lockdown will not spread and affect this Reit.

 

[dappermen]

shanghai disney is temporarily closed

and there r news that China looking at abandoning zero tolerance towds Covid too


DOnt worry


Shanghai is 1 that didnt carryout full-province lockdown

 

[TehSi99]

shanghai disney is temporarily closed

and there r news that China looking at abandoning zero tolerance towds Covid too


DOnt worry

Zero covid is not possible.

As long as the malls are opened, dividends continue, it is good enough.

 

[dappermen]

I m bloated and fingers in pain after sass ex date but disappted at the same tome: damned it

i believed their mgt too
They won so much trophies: ref to their booklet/joint sttm mailed to your home

https://links.sgx.com/FileOpen/Sasseur_REIT-Annual_Report_FY2021.ashx?App=Announcement&FileID=708905

Nt ez as the pandemic made everything much more challenging: b it in china or sg…Sasseur REIT Wins Highly Esteemed Corporate Excellence And Resilience Award At Singapore Corporate Awards And Two Awards At The Global Good Governance Awards​

https://investor.sasseurreit.com/news.html/id/2362407

Agm in apr 21 : https://investor.sasseurreit.com/misc/Sasseur_REIT-Announcement_on_participation_in_AGM.pdf

some told me sass nt safe woh , safer than alot of big names s reits in sg for sure!
In fact, They have also improved rankings from 25thto 17th place for the governance n transparency index
When can we have an Esg index too, i knw sass might not b strong in that but i wish to see its improvements

 

[dappermen]

While ec world has a fall today due to failed financing, sasseur is still the champion

not the Lan capitalan



The article claimed that nearly ALL (eeew): r trading underwater!! ie trading at at overprice!
https://www.businesstimes.com.sg/co...s-reits-underperform-amid-resurgence-of-covid

 

[Okmolly]

While ec world has a fall today due to failed financing, sasseur is still the champion

not the Lan capitalan
https://www.businesstimes.com.sg/co...s-reits-underperform-amid-resurgence-of-covid

Truth that ec world fail financing, maybe after selling that assets to CCP maybe can fund it.

 

[Okmolly]

While ec world has a fall today due to failed financing, sasseur is still the champion

not the Lan capitalan
https://www.businesstimes.com.sg/co...s-reits-underperform-amid-resurgence-of-covid

But now China going for logistics and e-com. Physical store going to die soon or later…

 

[dappermen]

understood about the trend of buyin online! ( i trust not just china, in fact globally) yes but even if it is about logs and ecom, i still prefer to purchase items that need physical fitting at the brick& motar!

tks for sharing

Truth that ec world fail financing, maybe after selling that assets to CCP maybe can fund it.

 

[Okmolly]

understood about the trend of buyin online! ( i trust not just china, in fact globally) yes but even if it is about logs and ecom, i still prefer to purchase items that need physical fitting at the brick& motar!

tks for sharing

Maybe luxury item should go to brick&motar shop to buy…. Now I need to worry about EC reit… just got rid of Ara logo few days ago

 

[dappermen]

Maybe luxury item should go to brick&motar shop to buy….

gd idea too! cos really need to feel the cutting, the texture esp paying so much!!!!!!!!

and they will have special rooms for vvvvip and special food too

 

[Okmolly]

gd idea too! cos really need to feel the cutting, the texture esp paying so much!!!!!!!!

and they will have special rooms for vvvvip and special food too

Ya. That why I still have starhill global in my stock profile

 

[dappermen]

oooh that 1 is too volatile for my liking and sg mkt is smaller in terms of luxury goods

 

[Okmolly]

oooh that 1 is too volatile for my liking and sg mkt is smaller in terms of luxury goods

The sasseur reit only have 4 mall how does it pay so much yield?