Frasers Centrepoint Trust (J69U)

[sohguanh]

I doubt will have much impact lah. The malls are packed and there are still a lot of ppl going jb currently. Not everyone so gian to go jb just to save some money.

JB VEP start inside very little Sporean cars as their system dunno up or not. It is a ghost town. Can go in but enforcement is lax but you need to gamble or prepare makan suap monies. See how long this VEP system life last.

 

[stanlawj]

Trading range (volatility) is expanding again. Most likely, pullback to $2.27 is over.
Bottom can only be known after it has happened.

Mission accomplished at buying pullback.

Shorts are buying back rapidly as the price drops.

Sept 26: $2.34 (1,540,100)
Sept 27: $2.34 (1,150,900)
Sept 30: $2.30 (783,400)

So: $2.27 - $2.30 could be another buying zone. I asked my wife to buy FCT shares, transacting at $2.31. Originally planned to buy at $2.17 months earlier but hesitated and missed the boat .

 

[stanlawj]

Oh dear, I spoke too soon. Sell down in progress.

 

[weng0202]

Oh dear, I spoke too soon. Sell down in progress.

Sell down from what price? The high from one month ago?

 

[stanlawj]

FCT $2.14 is a good buy.

 

[CaptainWu]

FCT $2.14 is a good buy.

Keep buying with small small lot to accumulate. 5.6% yield with strong business backup no fear

 

[endlssorrow]

7% dividend is here liao guys

 

[petromax]

7% dividend is here liao guys

price keep dropping... other REIT also..

 

[sohguanh]

This going towards 52 week low and I will be waiting. 52 week low is oldbird teach me strategy seem to work for me.

 

[Euqorab]

Why keep dropping huh?

 

[ctan84]

This going towards 52 week low and I will be waiting. 52 week low is oldbird teach me strategy seem to work for me.

No $2 no talk for this counter.

 

[lzydata]

The landlords of its cinema outlet in Century Square – Century Square LLP and the Management Corporation Strata Title of the mall – have asked for payment of a total of S$479,185.74 in rental arrears and other monies, as well as S$893.80 in legal costs by Feb 10.

Meanwhile, the landlord of its cinema at Causeway Point has asked for the sum of S$1,000,000 to be paid to its trustee, HSBC Institutional Trust Services, by Feb 3 and S$1,203,677.85 by Feb 10. The sum comprises rental arrears and other monies. Cathay Cineplex must also pay to the landlord S$555.90 in legal fees.

Both properties are owned by Frasers Centrepoint Trust.

Cathay Cineplex receives letters of demand for about S$2.7 million in rent and other costs owed
https://www.businesstimes.com.sg/co...-about-s2-7-million-rent-and-other-costs-owed

O$P$!

 

[lzydata]

Another incidental point is that FCT's legal fees seem to be very low. Commendable.

 

[d5dude]

The landlords of its cinema outlet in Century Square – Century Square LLP and the Management Corporation Strata Title of the mall – have asked for payment of a total of S$479,185.74 in rental arrears and other monies, as well as S$893.80 in legal costs by Feb 10.

Meanwhile, the landlord of its cinema at Causeway Point has asked for the sum of S$1,000,000 to be paid to its trustee, HSBC Institutional Trust Services, by Feb 3 and S$1,203,677.85 by Feb 10. The sum comprises rental arrears and other monies. Cathay Cineplex must also pay to the landlord S$555.90 in legal fees.

Both properties are owned by Frasers Centrepoint Trust.

Cathay Cineplex receives letters of demand for about S$2.7 million in rent and other costs owed
https://www.businesstimes.com.sg/co...-about-s2-7-million-rent-and-other-costs-owed

O$P$!

The secular decline of malls is real, from retail to cinemas, all doing poorly. Only thing left is F&B propping up these malls.

 

[stanlawj]

The secular decline of malls is real, from retail to cinemas, all doing poorly. Only thing left is F&B propping up these malls.

Many possible replacements: Fitness centres, tuition centres, cosmetic/beauty treatment clinics.
Limited retail mall space near MRT.

 

[limster]

Many possible replacements: Fitness centres, tuition centres, cosmetic/beauty treatment clinics.
Limited retail mall space near MRT.

agree to the above. can look at the household expenditure survey data for spending trends. enrichment, personal development, tuition, and services need floor space and there is growing spending. malls are ideal spaces because F&B ties in very well with this. parents who are waiting for their children help keep F&B outlets occupied even outside lunch/dinner hours.

 

[havetheveryfun]

agree to the above. can look at the household expenditure survey data for spending trends. enrichment, personal development, tuition, and services need floor space and there is growing spending. malls are ideal spaces because F&B ties in very well with this. parents who are waiting for their children help keep F&B outlets occupied even outside lunch/dinner hours.

Kinex mall almost 80% now all turned into places for kids. cos unable compete with PLQ Paya lebar square and Singpost Center for other stuff.

 

[demoforce1]

Kinex mall almost 80% now all turned into places for kids. cos unable compete with PLQ Paya lebar square and Singpost Center for other stuff.

Kinex mall is under FCT?

 

[nautilus]

Kinex mall is under UOL Malls, not FCT.

 

[havetheveryfun]

Kinex mall is under FCT?

Kinex mall is under UOL Malls, not FCT.

the earlier quotes I was replying to quoted another quote "The secular decline of malls is real, from retail to cinemas". He didn't state it was solely FCT.

I'm just stating an example of a mall that FCT and other mals can follow.