General S-REITs Discussion Thread

[addict951]

Dun talk cock k? CICT didnt even exist pre-covid, so how could it have plunged to $2 due to covid?

https://www.capitaland.com/en/about...v/CMT-to-begin-trading-as-CICT-on-SGX-ST.html

Trading for CICT began on 3 Nov 2020 at $1.73, it wasnt even $2 back then. Peak post merger is $2.39 if you dun want to adjust for M&A. Still thats not very far off from where it is today.

Just like the _ _ _ _ you initially talked to support your ATH fallacy.

 

[60Remajust]

Lol, finding fault with stock price going up.

r u still buying reits?

contemplating if i shld add more, many reits appear to still be at 10 year lows

 

[ctan84]

r u still buying reits?

contemplating if i shld add more, many reits appear to still be at 10 year lows

Huh no lah. Think only left a handful are like tat (excluding those overseas EUrope / US reits lah).

 

[TehSi99]

Very different strategy I see in here. All talk ATH but I like to talk 52 week low. I have stopped my S-Reit buy for a while now.

I am buying reits etf with CPFOA for long term instead.

There are still like very few reits still have good potential in the mid term.

 

[60Remajust]

Huh no lah. Think only left a handful are like tat (excluding those overseas EUrope / US reits lah).

i look at the sreit index

https://www.sgx.com/indices/products/sreit

 

[limster]

r u still buying reits?

contemplating if i shld add more, many reits appear to still be at 10 year lows

My last REIT purchase was in May. FLCT under $1.00. More than $1.00 not enough margin of safety for me.
I am buying mainly ETFs nowadays as I am not very good in stock picking. Had some luck with PLTR and NKE but took profit and waiting for the next pullback...

 

[homer123]

S-reit has rebound from 10 years low but still nearer to 10 years low

 

[TehSi99]

S-reit has rebound from 10 years low but still nearer to 10 years low

I would see that still a window of opportunity to enter.

 

[60Remajust]

most of u buy CLR or CFA? CFA seems to be dragged by the china link reits

 

[Dividends Warrior]

Hope this week REITs can close strong too.

 

[ask_yip]

taking off again

hope this time can sustain longer lol

 

[Iyarash11]

Hope this week REITs can close strong too.

someone will ask you then what will you do

 

[d5dude]

Just like the _ _ _ _ you initially talked to support your ATH fallacy.

I was pointing out the obvious.

CICT wasnt even a thing pre covid, the company was born out of a merger between CCT and CMT AFTER both had already crashed in March 2020. The new entity was born in Nov 2020.

 

[d5dude]

Huh no lah. Think only left a handful are like tat (excluding those overseas EUrope / US reits lah).

Yea only some reits like suntec, ESR, Capitaland china trust, etc are at decade lows, many appear to be doing just fine, especially on a total return basis.

 

[d5dude]

most of u buy CLR or CFA? CFA seems to be dragged by the china link reits

CLR/CFA suffer from problems I pointed out earlier on this thread.

There are very few companies that are worth investing in over the long run, this is much less so if we narrow it down to just a sub sector like reits. Capping the weighting of any stock on the index is just a recipe for disaster.

 

[Jirachi]

CLR/CFA suffer from problems I pointed out earlier on this thread.

Able to share which exact post is this?

 

[d5dude]

Able to share which exact post is this?

https://forums.hardwarezone.com.sg/threads/general-s-reits-discussion-thread.4313167/post-153228886

 

[Jirachi]

https://forums.hardwarezone.com.sg/threads/general-s-reits-discussion-thread.4313167/post-153228886

Thank you sir! Interesting insight on the ETFs. I was looking at CLR recently, but have not made any moves yet.

 

[stanlawj]

Good quality reits already bottomed last year, in fact there were 2 opportunities to get in (Oct 2022/2023), both times coincided with the panic selling in long bonds, the drop was slightly more severe in 2022 because credit spreads widened at the same time as treasury yields spiked. I should know this because I bought a mapletree treasury bond at >5% YTM back in 2022, the price never really retraced much in 2023.

July 2024 is already late, though there should still be value if interest rates drop by over 300bps, and there are always opportunities with turnaround stories since reits are essentially stocks. Many of the reits with high HK/China exposure have been crushed, even though their bonds have rallied quite a bit.

Neither BOJ or Japan is going to have any long term impact on the TSY bond market because they only hold 1.1T of the 27T outstanding TSYs (the other 8T is intra gov debt). 1.1T is only 4%, they could sell it all and it still wouldnt make much of a difference in the end. Maybe the debt will matter when debt to gdp hits 200%, but then again Japan's debt to gdp is over 260% and 10yr JGBs are still under 1% so who really knows whats going to happen?

And yes we do operate on different time frames and have different objectives. Theres no need for me to guess if the market is going to crash tomorrow, my portfolio is well prepared for most situations, including a 50% stock market crash.

The picture is not as clear you imply.
There is no way to determine a bottom has been reached until the next bottom is higher than the previous one (= higher low). Lots of ppl got their money stuck in REITS at a loss from 2022 till now trying to time bottoms.

What are the good quality REITS in your opinion back in Oct 2022/23? I have not read anywhere you state any good quality REITS before, whereas for myself, I do mention FCT (J69U) as my only pick in the SREITS discussion forum, and this REIT did make its ultimate low in Oct 2022, thus if you say FCT is good REIT then I would agree with you. Can share about any others?

 

[philips107]

The picture is not as clear you imply.
There is no way to determine a bottom has been reached until the next bottom is higher than the previous one (= higher low). Lots of ppl got their money stuck in REITS at a loss from 2022 till now trying to time bottoms.

What are the good quality REITS in your opinion back in Oct 2022/23? I have not read anywhere you state any good quality REITS before, whereas for myself, I do mention FCT (J69U) as my only pick in the SREITS discussion forum, and this REIT did make its ultimate low in Oct 2022, thus if you say FCT is good REIT then I would agree with you. Can share about any others?

How about Daiwa house logistics trust ?

Yen has strengthened and the yield is a mouth watering ~ 8%

No China exposure as well.