Yes, that's why it's better to buy at the support zone. Even if the price will to fall, normally it will rebound after hitting the support. This is one of the way to buy as there are many support zones.
CapitaLand Ascendas REIT f.k.a. Ascendas Reit *Official* (SGX: A17U)
- Thread starter farouk
- Start date
i tend to look at 6 months to 1 yr price range to decide the support level.
take note that support may not always be solid and can easily take turn for the worst if you spotted some weird insider sell downs.
https://www.google.com/finance/quote/A17U:SGX?window=1Y
Market depth not easy to tell. Time & sales or trade summary may able to tell.
Retailers buying or selling, just see volume can liao.
BB not easy.
which platform got market depth for sgx? thanks
I use Poems have to pay, only recently got free. May to Oct free.
Other platform should have, maybe need to pay.
Means can see exactly who (which BB) buy and sell?
Can see the trade queue, trade done. Can't see who buy or sell, not even retail investor.
Check this out;
https://www.google.com.sg/url?sa=t&...arket-depth/&usg=AOvVaw2ldBJDI-13KmPES9TJI7bQ
To add to Andrew888 point, you can see the number of orders and nunber ofshares at different price levels in the queue. If the numbers of shares is large relative to the number of orders, we can deduce it is the BB.
I am using POEMS btw. Now got free market depth info till Oct. If i am correct, normally, you dont see number of orders in the standard Market Depth info. The number of orders info is called "Enhanced Market Depth".
I am using POEMS btw. Now got free market depth info till Oct. If i am correct, normally, you dont see number of orders in the standard Market Depth info. The number of orders info is called "Enhanced Market Depth".
Enhanced is just a word Poems use, maybe old version is call standard haha.
"we can deduce it is the BB." don't know what is this.
If you scroll back the market depth, if you see very large figure, likely is BB. But BB usually back before market open and after market close.
Shingoz
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yeah i just entered too. good value but very stable/boring too.
EGM called for 16 June to approve the acquisition of the remaining 75% of Galaxis.
https://ir.ascendas-reit.com/agm.html
https://ir.ascendas-reit.com/agm.html
Shion
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Ascendas REIT divests three Australian logistics properties for $129 mil
https://www.theedgesingapore.com/ne...three-australian-logistics-properties-129-mil
The manager of Ascendas REIT (A-REIT) has on June 3 entered into two separate agreements for the sale of two logistics properties located in Brisbane and one logistics property in Melbourne for a total sale price of A$125.1 million ($128.7 million).
The manager states that the divestments are in line with its asset management strategy to improve the quality of the REIT’s portfolio and optimise returns for unitholders.
The Brisbane properties, located at 82 Noosa Street and 62 Stradbroke Street, are being purchased by Strategic Industrial Real Estate, an Arrow Capital Partners vehicle in cooperation with Altis Property Partners, for A$101.6 million
For the Melbourne property, located at 1314 Ferntree Gully Road, private companies China Tube and Haelram will be purchasing units in the sub-trust that holds the property for A$23.5 million.
The total sale price of A$125.1 million is approximately 16.8% higher than the total market valuations of the properties of A$107.1 million as at Dec 31, 2020.
The proposed divestments are expected to complete by 3Q2021 and are not expected to have any material effect on A-REIT’s net asset value and distribution per unit (DPU) for the FY2021 ending December.
Assuming the proposed divestments were completed on Jan 1, 2020, the annualised proforma impact on A-REIT’s net property income would have been a decrease of $5.1 million, while DPU would have decreased by 0.075 cents for the FY2020.
Net proceeds after divestment costs are expected to amount to $124 million. The manager states that the proceeds may be recycled to fund committed investments, repay existing indebtedness, extend loans to subsidiaries, fund general corporate and working capital needs and/or make distributions to unitholders.
In accordance with A-REIT’s Trust Deed, the manager is entitled to a divestment fee of 0.5% of the total sale price of the properties, which would be paid in cash.
Following the proposed divestment, A-REIT will own 95 properties in Singapore, 34 properties in Australia, 30 properties in the US and 49 properties in the UK and Europe.
Units in A-REIT closed 1 cent or 0.34% higher at $2.92 on June 3.
5408854088
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Shion
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Analysts remain upbeat on Ascendas REIT with higher target prices from $3.65
https://www.theedgesingapore.com/ca...upbeat-ascendas-reit-higher-target-prices-365
Analysts from PhillipCapital and UOB Kay Hian have maintained their “buy” recommendations on Ascendas REIT (A-REIT) due to its stable portfolio, and its series of acquisitions and disposals.
PhillipCapital’s Natalie Ong has raised A-REIT’s target price to $3.65 from $3.64 previously, while UOB Kay Hian’s Jonathan Koh has upped his estimate to $3.83 from $3.82 previously.
Ong has also adjusted her distribution per unit (DPU) estimates for the FY2021 and FY2022 by -0.5% and +0.8% to reflect its acquisition of Galaxis in May, as well as the disposal of three Australian logistics properties in June.
“Stock catalysts are expected from acquisitions and redevelopment. We forecast DPU growth of 9.2% for FY2021 as acquisitions and redevelopment/AEI start contributing,” writes Ong in a June 21 report.
On May 4, the REIT acquired the remaining 75% stake in Galaxis from CapitaLand, 13 months after its initial 25% acquisition in Galaxis from MBK Real Estate Asia.
The agreed property value of $720 million on a 100% basis represents a 2% discount to the market value of Galaxis and a 14.3% appreciation since A-REIT’s initial investment.
The REIT has since raised some $420 million from private placements and will issue an additional $83 million worth of new units as part of its payment to CapitaLand for the remaining 75% stake.
The issue will increase its share base by 4.2%.
On June 3, the REIT announced that it was divesting three of its Australian logistics assets – two in Brisbane and one in Melbourne – for $104.5 million and $24.2 million respectively.
The assets were 100% occupied as at Dec 31, 2020. The divestment will reduce the REIT’s pro-forma net property income (NPI) and distribution per unit (DPU) by $5.1 million and 0.075 cents respectively upon its completion in the 3QFY2021.
Looking ahead, Ong expects demand to remain “muted” as companies exercise caution in the current economic climate. That said, this is mitigated by tenants avoiding relocation costs, leading to higher retention rates for the REIT.
“The Electronics and Biomedical industries accounted for 29.3% and 34.0% of new demand in 1QFY2021, helping to prop up demand for light-industrial/high-spec and business parks respectively. Singapore/Australia/US/UK will account for 13.9%/3.0%/4.0%/2.4% of FY21e lease expiries by gross rental income (GRI). The bulk of the Singapore expiries will be from tenants located in business parks (43%) and logistics assets (25%),” notes Ong.
To this end, Ong has forecast a 9.2% growth for A-REIT’s DPU for the FY2021, upon the new contributions from acquisitions and redevelopment, as well as asset enhancement initiatives (AEIs).
“A-REIT remains our top pick for the sector in view of its scale and diversification. The REIT also continues to future-proof its portfolio by increasing its exposure to growth sectors of the economy: knowledge economies, technology and e-commerce,” she says.
For UOB Kay Hian’s Koh, the potential redevelopment of Science Park 1 could provide a return on investment (ROI) of about 7.5%, assuming construction costs around $350 per sq ft, with average rents at $5.50 per sq ft per month and an occupancy rate of 95%.
The redevelopment will start with the TÜV SÜD PSB Building. The lease with TÜV SÜD, a German testing, inspection and certification specialist, has expired and the tenant had relocated to the International Business Park in early 2021.
The building contributed gross revenue of some $4.2 million in FY2020, translating to rental of around $1.52 per sq ft per month.
The enhancement to A-REIT’s FY2022 distributable income of the property ranges from 1.5% to 4.6%, depending on the plot ratio approved by the authorities.
Apart from the TÜV SÜD PSB Building, A-REIT also owns other older buildings such as Cintech I to IV.
To Koh, the REIT could jointly redevelop Science Park I with its sponsor CapitaLand.
After factoring the remaining 75% acquisition of Galaxis and the divestment of its Australian properties, Koh says he has raised his DPU forecast for the FY2022 by 0.4%.
Units in A-REIT closed 1 cent higher or 0.3% up at $2.93 on June 21, or 1.3 P/NAV, according to PhillipCapital’s estimates.
peppermint7
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BB haven't finish selling
Actually not only Acendas, FLCT and Aims also retracted in price. AIMS looks like a minor correction though as compared to the other 2
Last edited:
BB haven't finish selling
Actually not only Acendas, FLCT and Aims also retracted in price. AIMS looks like a minor correction though as compared to the other 2
Wonder where the money is going after selling.
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