MapleTree NAC Trust

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Raynon

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Raynon said:
Quote from the edge by OCBC: seems like loss of income from rental and damage on assets are claimable from insurance company, hence minimal impact
“
In particular, they have identified two types of coverages the mall has under its belt – a policy on physical damage with an adequate sum covered, as well as business interruption insurance which covers the loss of rental income.

“MNACT has initiated the process for claims and a site inspection has already been carried out by the insurers,” says the team in a report on Thursday.
“However, given that there would likely be a backlog of claims from other affected parties amid city-wide disruptions, we believe it would take time before any reimbursement is done,” it adds.

In the near term, the analysts also note that MNACT appears confident that the incident has limited impact on its FY20 financials. This is despite a lack of visibility on exactly how long the mall – which closed on Tuesday amid city wide disruptions – will remain closed for.”
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Hence, BUY on price weakness
 
articland05

articland05

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Raynon said:
Quote from the edge by OCBC: seems like loss of income from rental and damage on assets are claimable from insurance company, hence minimal impact
“
In particular, they have identified two types of coverages the mall has under its belt – a policy on physical damage with an adequate sum covered, as well as business interruption insurance which covers the loss of rental income.

“MNACT has initiated the process for claims and a site inspection has already been carried out by the insurers,” says the team in a report on Thursday.
“However, given that there would likely be a backlog of claims from other affected parties amid city-wide disruptions, we believe it would take time before any reimbursement is done,” it adds.

In the near term, the analysts also note that MNACT appears confident that the incident has limited impact on its FY20 financials. This is despite a lack of visibility on exactly how long the mall – which closed on Tuesday amid city wide disruptions – will remain closed for.”
Click to expand...
can't expect the mgmt tell u they are worried for the company future and they dunno what is gonna happen?

better wait at the sideline first

Sent from LGE LG-H990 using GAGT
 
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DukeCS33

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BeHappyLo said:
HSI is down around 25% ytd...... HK is burning.
Smart $$$ replaced by dumb $$&.
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It is always like that. The Smart money will dump on first sign of trouble or quietly distribute when no one is suspecting. Dumb money thinks they are picking up a bargain aka catching the falling knife. Look at SGX flow report - whenever Insto dumps and it gets picked up by retail, that stock is always going to trend down in the aftermath.

On Mapletree NAC - unless one can predict when the riots and protests will end, HK is just going to stay mired in a recession... when no one is visiting the malls, and the tenants are closing shop due to the riots, can the mall owner continue to receive rent? Valuation of asset and Dividend yield would be hit.... So what is the rationale for buying? Maybe if one sees that things will improve from here but with riots now happening on a daily basis instead of just over weekends???
 
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DukeCS33

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Raynon said:
Quote from the edge by OCBC: seems like loss of income from rental and damage on assets are claimable from insurance company, hence minimal impact
“
In particular, they have identified two types of coverages the mall has under its belt – a policy on physical damage with an adequate sum covered, as well as business interruption insurance which covers the loss of rental income.

“MNACT has initiated the process for claims and a site inspection has already been carried out by the insurers,” says the team in a report on Thursday.
“However, given that there would likely be a backlog of claims from other affected parties amid city-wide disruptions, we believe it would take time before any reimbursement is done,” it adds.

In the near term, the analysts also note that MNACT appears confident that the incident has limited impact on its FY20 financials. This is despite a lack of visibility on exactly how long the mall – which closed on Tuesday amid city wide disruptions – will remain closed for.”
Click to expand...

There is no basis for that confidence or optimism. Mere false bravado.
 
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Merg91

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So now dead cat bounce?

DukeCS33 said:
I cannot understand why investors like to catch falling knives. Can they predict when the riots and protests may end? Why not wait for the riots and protest to end then buy when there is an uptick... sure - one could not catch the lowest price when the market rallies after protests end but can one definitely catch the bottom when the stock is plunging? He would end up holding a stock that is dropping with no bottom in sight in the second scenario whereas in the first scenario, he has already seen the bottom.
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BeHappyLo

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13:54】中環：示威者高呼「去港交所」後，部分人士到達交易廣場外的噴水池，有數名保安人士阻止進入。
 
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weng0202

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I'm wondering what are the HK and China government thinking of to stop these protests.
 
Paul Lee

Paul Lee

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Layers said:
tenant still need to pay. unless otherwise stated in contract
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Until they are unable to pay or unwilling to pay anymore.

So they can break the lease and vacate the premise and if the chaos still continues, the occupancy will drop if no new tenant want to move in.
 
Layers

Layers

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Paul Lee said:
Until they are unable to pay or unwilling to pay anymore.

So they can break the lease and vacate the premise and if the chaos still continues, the occupancy will drop if no new tenant want to move in.
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yea until this is resolved. the street shop already me a

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