*Official* MasterLeong Thread - Part 2

[MasterLeong]

example of poorly managed reit, Kreit is mid cap but management I do not like


Keppel REIT posts 6.3% decline in 4Q DPU to 1.48 cents
By Zavier Ong / theedgemarkets.com.sg | January 24, 2017 : 5:48 PM MYT
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SINGAPORE (Jan 24): Keppel REIT has declared a distribution per unit (DPU) of 1.48 cents for the 4Q2016, down 11.9% from a year ago. For the full-year, the REIT reported a 6.3% decline in DPU to 6.37 cents.

Property income came in 6.5% lower at $40 million for the quarter. For the full-year, it was 5.3% lower at $161.3 million.

Net property income (NPI) fell 9.6% for the quarter to $31.4 million. On a full-year basis, NPI declined 6.6% to $128.4 million, mainly attributable to the absence of income contribution from 77 King Street which was divested in January 2016, and lower property income and net property income from Bugis Junction Towers. These were partially offset by higher property income and net property income from Ocean Financial Centre.

As at end-December 2016, the portfolio occupancy rate stood at 99.2%. Portfolio renewals registered negative rental reversion of 9% for the full-year.

The REIT’s weighted average lease expiry stood at 6.1 years as at end-December.

Keppel REIT says that Singapore’s weaker economic growth and cautious sentiments continued to weigh in on the office sector as average Grade A rents eased further to $9.10 psf in 4Q2016. In particular, it noted that the banking and energy sectors were faced with a challenging operating environment.

Units of Keppel REIT closed 0.5 cent higher at $1.045.

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[Average]

why keppel reit dpu drop so much?!?!

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[chowck]

Is Karen still selling M1 shares ?

Don't think she can sell during the reporting period.

Maybe after today then tmr resume?

 

[lewissac]

support u bro, tomorrow MCT's turn to report. Please dont disappoint me. Do not let me down!

No worries. MCT I very confident.
Im expecting $0.0250 - 0.0269 per share .

 

[MasterLeong]

CCT and Kreit you can feel the big difference sia

 

[lewissac]

Wow MCT today closes at 1.490. So strong. It'll be perfect if it closes 1.500 tomorrow.

 

[Layers]

Quite expected though, I wonder if it's already been priced in.

priced in ytd wont panic ls liao

Ya.....I am hoping tmr got indirect knee-jerk affect singtel.....then I can nibble again Maybe can TP 3.70?

That's a big drop

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[MasterLeong]

Wow MCT today closes at 1.490. So strong. It'll be perfect if it closes 1.500 tomorrow.

tmr morning results

among the 5 tiger generals I am most bullish on MCT

i expect DPU to be up maybe 5% due to contribution from the new biz park

previous quarter the numbers not so good cause it factored in the enlarged share base from rights and placement however the biz park was not fully contributing for the whole quarter so the numbers was a bit misleading

this quarter will see the whole complete picture


however given the price of MCT already ran up so much, u guys please do not try to board... if got 1.45 come back then board if not just find other boats like CMT or CDG lor

good luck for tmr results

cheers

 

[MasterLeong]

quite funny how M1 is up 3% today when results are sooo bad

BB really good at setting trap sia... I think short term wise because of the lower dividends maybe M1 will fall back towards $2 level

haizzzzzzzz

I will still hold on to my 15,000 shares as M1 still represents a 6% yield... comparable to reit

however the major worry would be if M1 can stablize in 2017 after two years of poor results?

 

[Tornesoul]

black rock actually vested in quite a number of blue chips like STE, comfort delgro, GLP, CMT, Areit etc...(taken from memory, may be wrong) all those solid ones

really help boost confidences for retail investors to be on the same boat as black rock

Blackrock and ntuc recently hoot cmt. Ntuc 5 mil shares iirc

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[onlybuyneversell]

MIT result out. Maintained their dpu.

Still waiting for Areit.

 

[onlybuyneversell]

Blackrock and ntuc recently hoot cmt. Ntuc 5 mil shares iirc

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CMT must hold till HSR and funan ready. Think 2020 ba.

 

[Mr.Canberra]

quite funny how M1 is up 3% today when results are sooo bad

BB really good at setting trap sia... I think short term wise because of the lower dividends maybe M1 will fall back towards $2 level

haizzzzzzzz

I will still hold on to my 15,000 shares as M1 still represents a 6% yield... comparable to reit

however the major worry would be if M1 can stablize in 2017 after two years of poor results?

Something fishy indeed.

If all your M1 shares acquired below S$2.00 still can keep for dividend play. Those acquired above S$2.00 can let go and buy other undervalued stocks or buy back on dips.

 

[Mr.Canberra]

Hahaha Anti-You-See also become hedge fund?

 

[Mr.Canberra]

Heng.. sold off all my stakes in M1 @ $2.16. Average price $1.95

Starhub's problem is bigger than M1, it is M1 problem (dropping IDD revenues etc) + dropping cable TV subscribers.

I think from anecdotal interactions, all the people i know have ditched cable, and using netflix, or Android TV box!

US market already set the precedent. Cable TV business is a sinking ship unless you own original copyright content. Singapore consumers have started to wise up after getting ripped off for far too many years.

 

[lewissac]

US market already set the precedent. Cable TV business is a sinking ship unless you own original copyright content. Singapore consumers have started to wise up after getting ripped off for far too many years.

This is my main concern on why i hesitate to go Starhub last month.

 

[MasterLeong]

Mapletree Industrial Trust declares 3Q DPU of 2.83 cents
By Gwyneth Yeo / theedgemarkets.com.sg | January 24, 2017 : 7:29 PM MYT
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SINGAPORE (Jan 24): The manager of Mapletree Industrial Trust (MIT) has declared a distribution per unit (DPU) of 2.83 cents for the 3Q ended Dec 2016, 0.4% higher than its DPU of 2.82 cents a year ago.

Distributable income stood at $51.1 million, up 1.6% from $50.3 million a year ago.

Gross revenue for 3Q grew 1.4% to $84.45 million from $83.25 million in the previously, mainly driven by higher rental rates achieved across all property segments as well as revenue contribution from Phase One of the trust’s build to suit (BTS) development for Hewlett-Packard (HP).

This was however partially offset by lower portfolio occupancy, says the manager in a Tuesday filing to the SGX.

Average portfolio occupancy declined to 92.1% from 92.5% in the preceding quarter, as lower occupancies were registered for hi-tech buildings and business park buildings segments.

Average portfolio passing rent increased by 0.01 psf/mth to $1.93 psf/mth compared to the preceding quarter. This was mainly attributable to the lease commencement of HP, which accounted for 5.3% of the portfolio as at 31 Dec 2016.

Property expenses for the quarter fell 1.6% on year to $21 million compared to $21.4 million a year ago.

The manager notes that MIT continues to maintain a well-staggered debt maturity profile, with a weighted average tenor of debt at 3.2 years as at end-2016.

In its outlook, MIT’s manager expects a challenging business environment; the continued supply of competing industrial space in Singapore; as well as the movement of tenants which it anticipates to exert pressure on MIT’s rental and occupancy rates.

The manager intends to continue focusing on tenant retention to maintain a stable portfolio occupancy.

“The commencement of revenue from Phase One of the BTS development for Hewlett-Packard is a timely contribution to the portfolio amid the challenging operating environment,” comments Tham Kuo Wei, CEO of the manager.

“With a low aggregate leverage ratio of 29.4%, MIT remains focused on executing existing development initiatives and pursuing investment opportunities to create value for unitholders.”

Unitholders of MIT can expect to receive the DPU for 3Q on Feb 28.

Units of MIT closed 2 cents lower at $1.64.

 

[Lovecross]

Something fishy indeed.

If all your M1 shares acquired below S$2.00 still can keep for dividend play. Those acquired above S$2.00 can let go and buy other undervalued stocks or buy back on dips.

Yes, hope I can sell mine @2.16 tomorrow, and aim to board CMT

 

[lewissac]

Mapletree Industrial Trust declares 3Q DPU of 2.83 cents
By Gwyneth Yeo / theedgemarkets.com.sg | January 24, 2017 : 7:29 PM MYT
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SINGAPORE (Jan 24): The manager of Mapletree Industrial Trust (MIT) has declared a distribution per unit (DPU) of 2.83 cents for the 3Q ended Dec 2016, 0.4% higher than its DPU of 2.82 cents a year ago.

Distributable income stood at $51.1 million, up 1.6% from $50.3 million a year ago.

Gross revenue for 3Q grew 1.4% to $84.45 million from $83.25 million in the previously, mainly driven by higher rental rates achieved across all property segments as well as revenue contribution from Phase One of the trust’s build to suit (BTS) development for Hewlett-Packard (HP).

This was however partially offset by lower portfolio occupancy, says the manager in a Tuesday filing to the SGX.

Average portfolio occupancy declined to 92.1% from 92.5% in the preceding quarter, as lower occupancies were registered for hi-tech buildings and business park buildings segments.

Average portfolio passing rent increased by 0.01 psf/mth to $1.93 psf/mth compared to the preceding quarter. This was mainly attributable to the lease commencement of HP, which accounted for 5.3% of the portfolio as at 31 Dec 2016.

Property expenses for the quarter fell 1.6% on year to $21 million compared to $21.4 million a year ago.

The manager notes that MIT continues to maintain a well-staggered debt maturity profile, with a weighted average tenor of debt at 3.2 years as at end-2016.

In its outlook, MIT’s manager expects a challenging business environment; the continued supply of competing industrial space in Singapore; as well as the movement of tenants which it anticipates to exert pressure on MIT’s rental and occupancy rates.

The manager intends to continue focusing on tenant retention to maintain a stable portfolio occupancy.

“The commencement of revenue from Phase One of the BTS development for Hewlett-Packard is a timely contribution to the portfolio amid the challenging operating environment,” comments Tham Kuo Wei, CEO of the manager.

“With a low aggregate leverage ratio of 29.4%, MIT remains focused on executing existing development initiatives and pursuing investment opportunities to create value for unitholders.”

Unitholders of MIT can expect to receive the DPU for 3Q on Feb 28.

Units of MIT closed 2 cents lower at $1.64.

Seems promising.

 

[Layers]

Yes, hope I can sell mine @2.16 tomorrow, and aim to board CMT

u sure won't ls?

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