General S-REITs Discussion Thread

[revhappy]

CLR ETF is still 10% below the high pre-pandemic. Given fall in interest rates, it is disappointing. @Dividends Warrior has done well with active REITs picking, but otherwise the sector seems like a wash.

 

[twinklingstars]

Hi guys, may I know which platform do you use to buy individual reits? Thank u!

 

[dappermen]

moo moo mainly

 

[vsvs24]

Hi guys, may I know which platform do you use to buy individual reits? Thank u!

I use DBS Vickers Cash upfront mode because I want them in CDP.

 

[Andrew833]

Hi guys, may I know which platform do you use to buy individual reits? Thank u!

For long term, I use Poems, link to CDP.
For short term, I use Tiger.

 

[dappermen]

For short term, I use Tiger

but how short is short ? 1 yr or lesser?

 

[Andrew833]

but how short is short ? 1 yr or lesser?

Let don't define short first.
What you lose out having your REITs/any stock in Tiger/ MooMoo/ other custodian acc.
1) Limited slots for EGM
2) Limited slots for voting
3) If Rights issue, can't subscribe much excess. CDP link got higher chance to subscribe more excess.
4) The shares you brought is not under your name.
5) There are hidden charges for custodian account. CDP only clearing fee which is not much.

 

[dappermen]

my Fsm is custodian, i thk they Informed me nearly everthg, i attended too

it is free if i subscribe to MLT's PO lately - moo said so

 

[vsvs24]

Let don't define short first.
What you lose out having your REITs/any stock in Tiger/ MooMoo/ other custodian acc.
1) Limited slots for EGM
2) Limited slots for voting
3) If Rights issue, can't subscribe much excess. CDP link got higher chance to subscribe more excess.
4) The shares you brought is not under your name.
5) There are hidden charges for custodian account. CDP only clearing fee which is not much.

The proposed Sabana REIT merger with ESR threw up another disadvantage of custodian - the one proxy rule which might sometimes happen.

https://www.businesstimes.com.sg/co...osed-to-sabana-esr-merger-slam-one-proxy-rule
In their letter to MAS, Quarz and Black Crane said certain custodian banks were determining their proxy vote using either an "offsetting" or a "simple majority" rule.

One major custodian bank, in client communications seen by BT, said it will collate all clients' instructions and indicate a vote based on the collective majority choice.

Assuming investors A and B held Sabana Reit units via this custodian bank, and A submits three votes in favour while B submits two votes against, under the simple majority rule, the custodian would submit three votes in favour but would submit no votes against the merger.

Meanwhile, under the offsetting rule, which at least one other bank will use, the same situation as described above would see the custodian submit only one vote in favour. The votes against would be offset by the votes in favour.

 

[ctan84]

Let don't define short first.
What you lose out having your REITs/any stock in Tiger/ MooMoo/ other custodian acc.
1) Limited slots for EGM
2) Limited slots for voting
3) If Rights issue, can't subscribe much excess. CDP link got higher chance to subscribe more excess.
4) The shares you brought is not under your name.
5) There are hidden charges for custodian account. CDP only clearing fee which is not much.

What's the evidence n logic for point 3? I don't think this is true, just your perception leh.

 

[revhappy]

Let don't define short first.
What you lose out having your REITs/any stock in Tiger/ MooMoo/ other custodian acc.
1) Limited slots for EGM
2) Limited slots for voting
3) If Rights issue, can't subscribe much excess. CDP link got higher chance to subscribe more excess.
4) The shares you brought is not under your name.
5) There are hidden charges for custodian account. CDP only clearing fee which is not much.

Wow didn't know REITs take so much of our bandwidth for managing and you need to be careful picking the right REITs, please tell why not just buy IWDA and get on with life?

 

[TehSi99]

Hi guys, may I know which platform do you use to buy individual reits? Thank u!

To me, doesnt matter which platform. I hold Reits longer term for dividend and building a portfolio of passive income. It is a matter of CDP or custodian.

 

[dappermen]

Wow didn't know REITs take so much of our bandwidth for managing and you need to be careful picking the right REITs, please tell why not just buy IWDA and get on with life?

yes i got a shock too

 

[1l92041H]

Let don't define short first.
What you lose out having your REITs/any stock in Tiger/ MooMoo/ other custodian acc.
1) Limited slots for EGM
2) Limited slots for voting
3) If Rights issue, can't subscribe much excess. CDP link got higher chance to subscribe more excess.
4) The shares you brought is not under your name.
5) There are hidden charges for custodian account. CDP only clearing fee which is not much.

another possible issue I can think of is if the custodian platform is down, you could face some anxiety when trying to sell esp in hot market days

longer term holdings I also agree prefer to keep with CDP

those chinese brokers like moo/tiger i still cant really have peace of mind yet and will just open to enjoy the freebie shares and small punts if i ever do any

local like vickers upfront $12 for $10k a pop is still ok la

 

[Andrew833]

The proposed Sabana REIT merger with ESR threw up another disadvantage of custodian - the one proxy rule which might sometimes happen.

https://www.businesstimes.com.sg/co...osed-to-sabana-esr-merger-slam-one-proxy-rule
In their letter to MAS, Quarz and Black Crane said certain custodian banks were determining their proxy vote using either an "offsetting" or a "simple majority" rule.

One major custodian bank, in client communications seen by BT, said it will collate all clients' instructions and indicate a vote based on the collective majority choice.

Assuming investors A and B held Sabana Reit units via this custodian bank, and A submits three votes in favour while B submits two votes against, under the simple majority rule, the custodian would submit three votes in favour but would submit no votes against the merger.

Meanwhile, under the offsetting rule, which at least one other bank will use, the same situation as described above would see the custodian submit only one vote in favour. The votes against would be offset by the votes in favour.

Yes, that's why linking to CDP is important.

 

[Andrew833]

Wow didn't know REITs take so much of our bandwidth for managing and you need to be careful picking the right REITs, please tell why not just buy IWDA and get on with life?

If you link to CDP, REITs investing for long term is as boring as buying IWDA.
Don't really need to monitor the price. Just add more during correction and PO/ Right issue.

 

[Andrew833]

What's the evidence n logic for point 3? I don't think this is true, just your perception leh.

You can ask those holding REITs during Right Issue/PO.
After receiving their notice/ letter, they will complain in HWZ forum, just check back and you will know true or false.
"3) If Rights issue, can't subscribe much excess. CDP link got higher chance to subscribe more excess."
I think I should rephrase it.
3) After Rights issue, get much lesser shares when subscribe for excess. CDP link got higher chance to get the amount of excess subscribed. (depend on the amount of shares you holding)
Example if holding 1,000 shares, subscribe for 5,000 shares excess, getting full amount is impossible.

 

[dappermen]

i dont recall Seeing

U sure they using Moo???

 

[Andrew833]

i dont recall Seeing

U sure they using Moo???

You understand what is custodian account?

 

[dappermen]

y not ! my Fsm & moo , tiger r all custodian!!!!!!!!!!!!!!!!!