General S-REITs Discussion Thread

[Iyarash11]

Typical sgx stocks.

Shorties jump at every opportunities. Maybe they know sinkie kiasi mentality. Once dropped a bit, all ready to sell. Shorties just need to push down abit more, panic selling,

I always got a feeling is more like "washing"

 

[ctan84]

Typical sgx stocks.

Shorties jump at every opportunities. Maybe they know sinkie kiasi mentality. Once dropped a bit, all ready to sell. Shorties just need to push down abit more, panic selling,

I just glanced thru my list, like hardly any drop leh.

 

[sky1978]

DAIWA House Logistics Trust (DHLU) issue units and take on more debt to finance acquisition of property in Japan from sponsor.

https://investor.daiwahouse-logisticstrust.com/newsroom.html

This is their 2nd acquisition from its sponsor in span of 2 months. The first was on 29 Dec for a property in Vietnam.

Daiwa House Japan sponsor is quickly monetising its properties by dumping them onto retail before the inevitable rise of the Japanese interest rates.

Will Japan interest rate hike be good or bad for investors? Read that some analyst say if they hike to 1%, Yen will strengthened back to 110 range. So this FX gain will need to be offset against the increased interest expense which depends on how far out they hedged their interest.

https://www.cnbc.com/video/2023/12/...-to-0point75-1percent-by-the-end-of-2024.html

But then, can Japan afford to increase interest rates after keeping them at zero for decades? For every 1% increase, it will wipe the value of a 10-year bond by 8%, and a 20-year bond will drop approx 16% in value. It will wipe off trillions in the bond value.

 

[stanlawj]

Will Japan interest rate hike be good or bad for investors? Read that some analyst say if they hike to 1%, Yen will strengthened back to 110 range. So this FX gain will need to be offset against the increased interest expense which depends on how far out they hedged their interest.

https://www.cnbc.com/video/2023/12/...-to-0point75-1percent-by-the-end-of-2024.html

But then, can Japan afford to increase interest rates after keeping them at zero for decades? For every 1% increase, it will wipe the value of a 10-year bond by 8%, and a 20-year bond will drop approx 16% in value. It will wipe off trillions in the bond value.

If JPY becomes stronger, Japanese exports become more expensive and less competitive.
It will also stop the carry trade financed by cheap JPY loans. It will cause financial bubble burst globally. The Japanese property market currently hot, will also contract due to withdrawal of liquidity.

This isn't going to happen immediately, more like 1 to 2 years away at least. Inflation still hasn't reached the threshold required for BoJ to end YCC.

That's why, I said, Daiwa House is busy offloading their properties onto retail while the Nippon hype is still hot... to reliquefy, get cash. Similar to SG REITS in 2018 - 2019... hot hot hot!!

 

[Iyarash11]

no fish shrimp also jiak

NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of CapitaLand Ascendas REIT (“CLAR”) will be closed on Friday, 9 February 2024 at 5.00 p.m. (the “Record Date”) for the purpose of determining the entitlement of holders of units in CLAR (“Units” and holders of Units, “Unitholders”) to CLAR’s distribution of 7.441 cents per Unit for the period from 1 July 2023 to 31 December 2023, comprising: (a) taxable income distribution of 5.844 cents per Unit; (b) tax-exempt income distribution of 0.364 cents per Unit; and (c) capital distribution of 1.233 cents per Unit.

Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at the Record Date at 5.00 p.m. on Friday, 9 February 2024, will be entitled to the distribution that will be paid on Wednesday, 6 March 2024.

https://investor.capitaland-ascendasreit.com/newsroom/20240201_172348_A17U_CXZFXR7SMN8RMSSQ.1.pdf

 

[sky1978]

If JPY becomes stronger, Japanese exports become more expensive and less competitive.
It will also stop the carry trade financed by cheap JPY loans. It will cause financial bubble burst globally. The Japanese property market currently hot, will also contract due to withdrawal of liquidity.

This isn't going to happen immediately, more like 1 to 2 years away at least. Inflation still hasn't reached the threshold required for BoJ to end YCC.

That's why, I said, Daiwa House is busy offloading their properties onto retail while the Nippon hype is still hot... to reliquefy, get cash. Similar to SG REITS in 2018 - 2019... hot hot hot!!

Their SG Reit is unlikely to be a prime buyer for the Japanese assets though they are given the ROFR. In Japan, they are managing another Reit that holds 4x more logistics properties compared to this SG one, and the yield for that JP Reit is only 4%, so it should be easier for a JP Reit to achieve yield accretive acquisition vs an SG Reit.

Read one of their presentation slide just now and noted them saying the Sponsor took units at a 20% premium above market price in one of the 2022 acquisitions. If their intent is to avoid issuing units at a big discount from book value, then it will be hard for them to keep buying unless they want to keep buying units above the market price. Even if they decide to buy at a premium, the 30% threshold also will limit their ability to absorb more units without triggering a general offer.

 

[weng0202]

Wasnt this expected liao - as in Fed won't cut rates in March. So should have been priced in long ago?

Isn't this normal, market always reacts so good chance to buy in.

 

[ctan84]

Isn't this normal, market always reacts so good chance to buy in.

The drop in prices also not say that big lah. That 1+ to 2% nia.

 

[weng0202]

The drop in prices also not say that big lah. That 1+ to 2% nia.

Yeah only a few % but it may continue dropping for a while.

 

[ctan84]

Yeah only a few % but it may continue dropping for a while.

ok loh, hopefully it will drop low enough to trigger the SMS alarms that I have set.

 

[limster]

FLCT down again, I'm queuing at $1.08, lets see how far down it goes

Yesterday I managed to fill my order at $1.08 close to 5pm.

If today it dropped somemore I was preparing to average down.

But I open my browser today and see its $1.13??? Thats like a 4.5% increase from 5pm yesterday. Immediately regret not placing a larger order

In the T-bill thread, seems like there are many complaints about the latest T-bill rate.
On the other hand, in this thread, any sign that interest rates are dropping is a good sign.

 

[revhappy]

 

[Soomp!]

Today all green green no more discount?

 

[Soomp!]

Dear fellow investors,

In order not to clog up Addict's CD tracking thread and to make his updating job easier, please voice your opinions of S-REITs here.

Since Rinezz asked me nicely, I shall start this thread.

Cheers!

This is the respectba DW that I followed ?

 

[QinWei]

UOB KH updated:
There are healthy signs that inflationary pressure has abated. Rate cuts are on the horizon but will not come as early as March. Maintain…
Maintain OVERWEIGHT. Our top picks are CDREIT (Target: S$1.48), CLAS (Target: S$1.45), KORE (Target: US$0.59), KREIT (Target: S$1.24), LREIT (Target: S$0.87) and MINT (Target: S$2.98).

 

[DevilPlate]

UOB KH updated:
There are healthy signs that inflationary pressure has abated. Rate cuts are on the horizon but will not come as early as March. Maintain…
Maintain OVERWEIGHT. Our top picks are CDREIT (Target: S$1.48), CLAS (Target: S$1.45), KORE (Target: US$0.59), KREIT (Target: S$1.24), LREIT (Target: S$0.87) and MINT (Target: S$2.98).

CLAS TP $1.45

 

[TehSi99]

He has been bullist on Ascott.

 

[Iyarash11]

goodness, what happen?

 

[limster]

goodness, what happen?

You mean CLAS $0.031 XD today but price drop by $0.04.... equivalent to $0.97 drop to $0.96 before XD. Bought some as I need to reinvest my dividends

 

[Iyarash11]

no, is CLAR and maple stuff
over time their trend look more like tsla