*Official* MasterLeong Thread - Part 2

[MasterLeong]

My last bought is at 1.895 during the rate hike fear period. So i dun want to add more now.

anything 1.90 or lower is super cheap for sure, lucky u hahahahah huat ah $$$$

 

[MasterLeong]

high quality management, my top pick and only pick for industrial segment
not vested


Ascendas REIT kept at ‘buy’ by OCBC as leverage falls
By PC Lee / theedgemarkets.com.sg | January 26, 2017 : 11:09 AM MYT
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SINGAPORE (Jan 26): OCBC is maintaining its “buy” on Ascendas REIT after it recorded a healthy reduction in its aggregate leverage from 34.2% as at end Sept to 31.8%, although it expects this to increase once A-REIT completes the acquisition of 12, 14 and 16 Science Park Drive from its sponsor.

Ascendas REIT’s 3Q17 results came in line with OCBC’s expectations. Gross revenue increased 7.6% y-o-y to $208.6 million driven by inorganic growth, but partially offset by loss of income from the divestment of three assets.

(See also: Ascendas REIT reports 1.2% higher DPU for 3Q of 3.993 cents)

DPU grew at a slower pace of 1.2% y-o-y to 3.993 cents, as the higher revenue and absence of performance fees was diluted by an enlarged unit base due to the issuance of 33 million new units from the conversion of its Exchangeable Collateralised Securities (ECS).

On a 9MFY17 basis, Ascendas REIT’s gross revenue jumped 11.6% to $621.7 million and formed 73.7% of OCBC’s full-year forecast. DPU of 11.891 cents represented a decline of 0.5% and made up 76.4% of its FY17 projection. The slight decline can be attributed to a one-off distribution of taxable income from operations in 2Q16 amounting to $6.5 million or 0.271 cents per unit. Excluding this, A-REIT’s recurrent DPU for 9MFY17 would have increased 1.8%.

During the quarter, Ascendas REIT achieved positive rental reversions of 3.0% for its Singapore portfolio. This was underpinned by its Business & Science Parks, Hi-Specs Industrial, Light Industrial and Logistics & Distribution Centres segments. Overall portfolio occupancy improved to 90.2% as Singapore saw new takeups at 40 Penjuru Lane and Pioneer Hub, while Australia registered a robust improvement due to higher demand in Brisbane.

“We maintain BUY on Ascendas REIT, but trim our fair value estimate from S$2.72 to S$2.68 as we factor in a higher risk-free rate of 2.7% (previously 2.4%),” says lead analyst Andy Wong in his Wednesday report.

Shares of Ascendas REIT are trading 5 cents higher at $2.45.

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[MasterLeong]

suntec not looking good, vested but looking to divest



Better outlook, but retail environment to remain challenging for Suntec REIT
By Michelle Zhu / theedgemarkets.com.sg | January 26, 2017 : 11:20 AM MYT
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SINGAPORE (Jan 26): OCBC Investment Research has upgraded its call on Suntec REIT from “sell” back to “hold” and raised its fair value estimate to $1.54 from $1.53 previously, after incorporating the REIT’s full-year results into its model.

Although Suntec REIT’s manager on Wednesday posted a 5.6% lower distribution per unit (DPU) of 2.6 cents for 4Q16 compared to the previous year, lead analyst Andy Wong highlights that the REIT has sustained its full-year DPU at 10 cents, unchanged from FY15.

(See also: Suntec REIT posts 5.6% lower 4Q DPU of 2.6 cents)

In a Thursday report, Wong also notes a healthy committed occupancy for Suntec REIT’s office portfolio, in addition to relatively-stable overall committed rents at Suntec City Mall on the retail front.

However, he cautions of continued rental pressures given the uncertain macroeconomic environment and upcoming supply of office space this year.

“Cognisant of this fact, Suntec REIT has been actively managing its lease profile, and has only 9.3% of its office NLA (271,325 sq ft) expiring in 2017,” says the analyst.

In light of a steeper yield curve environment, OCBC has also factored in a higher risk-free rate of 2.7% from the previous rate of 2.4%.

As at 11am, units of Suntec REIT are trading 0.3% higher at $1.70.

 

[MasterLeong]

suntec is like huang zhong, a warrior... but old riao........


hahahahahaha

 

[MasterLeong]

think tmr i will hit 300 points on investingnote, will try redeem 1 x $30 ntuc voucher to see if its real or not

 

[dolph001]

which mean blue chip can also become penny if price go down too much. thats is scary

Yup. Noble has fallen from blue chip to blue-black chip

 

[Genosis]

which mean blue chip can also become penny if price go down too much. thats is scary

Ya.....look at Noble....a huge fall from grace

 

[MasterLeong]

GOLDEN POST OF THE DAY


got a PM on why I keep focusing on DPU DPU DPU for reits

because reits is all about rental income, same as why u buy a condo to collect rents


if u buy a 1 mil dollar condo and collect $50,000 and yearly rents that a 5% yield asset

5 years down, demand increases in that area and that same place now rents for $100,000 yearly, does that same condo still remains at 1 mil dollar value? obviously it will be worth more.. maybe worth 2 mil instead!

higher rents pushes up your property prices
not the other way round, always remember that

if you want your condo or reit to go up, DPU must go up
as DPU goes up NAV goes up, stock price goes up

get it boys????????

 

[yihao93]

Mine ish quite concentrated in my top 5 holdings......AIMS, DBS, Singtel, MLT & FCT

i also...
sti etf, st, dbs and cmt take up about 85% liao
rest is small small holding
got 1 reit only feel out of place u all so many reit siol

 

[Genosis]

I drink Chang beer always. taste much better than Tiger !

Fellow beer-lover spotted..... I usually go for Carlsberg or Heineken

 

[MasterLeong]

i also...
sti etf, st, dbs and cmt take up about 85% liao
rest is small small holding
got 1 reit only feel out of place u all so many reit siol

power of blue chips ^_^

huat ah $$$$$$$$$$

 

[MasterLeong]

https://www.sgxcafe.com/user/sharedportfolios

sorted by number of likes

seems like dividendwarrior and dividendknight portfolios are no longer shown

gg max

 

[MasterLeong]

Fellow beer-lover spotted..... I usually go for Carlsberg or Heineken

u all so atas sia

i sometimes buy the 6 pack jolly shandy only lol

 

[yihao93]

Fellow beer-lover spotted..... I usually go for Carlsberg or Heineken

beer so exp....

 

[yihao93]

u all so atas sia

i sometimes buy the 6 pack jolly shandy only lol

rmb last time i buy i didnt know is counted as alcohol and needed IC , i was 17 niah
heng tio stopped at counter

 

[Genosis]

And to make the Golden Post even more glittering, DPU growth is the focus..... If DPU keeps increasing....means WWJBH for many years!!!

Examples: FCT and PLife

GOLDEN POST OF THE DAY

got a PM on why I keep focusing on DPU DPU DPU for reits

because reits is all about rental income, same as why u buy a condo to collect rents


if u buy a 1 mil dollar condo and collect $50,000 and yearly rents that a 5% yield asset

5 years down, demand increases in that area and that same place now rents for $100,000 yearly, does that same condo still remains at 1 mil dollar value? obviously it will be worth more.. maybe worth 2 mil instead!

higher rents pushes up your property prices
not the other way round, always remember that

if you want your condo or reit to go up, DPU must go up
as DPU goes up NAV goes up, stock price goes up

get it boys????????

 

[MasterLeong]

http://www.straitstimes.com/singapo...utm_medium=social-media&utm_campaign=addtoany

M1 customers who are still holding on to their old 3G plans with the generous 12GB mobile data allowance are in for a treat.

The telco has upgraded them to its 4G network at no extra charge.

These customers have resisted signing up for the faster 4G plans as they cost more for a similar-sized data allowance.

M1 chief marketing officer P. Subramaniam told The Straits Times: "We had a small number of customers still on legacy 3G smartphone plans. 4G was recently activated for these customers, to enable them to enjoy the best experience on our 4G network."

4G mobile networks are said to offer about four times faster surfing than 3G ones. 4G networks can also pack up to five times more data, allowing more people to connect without slowing down surfing speeds.

M1 would not say how many of its 1.2 million post-paid customers are still on 3G plans with the 12GB data allowance. But The Straits Times understands that "thousands" of them have already been notified about the automatic upgrade.

Public relations consultant Khairul Sufiyan, 30, said he received the SMS notification earlier this week.

He has resisted renewing his telco contract, even with the promise of mobile phone subsidies, because he wants to keep his current 3G plan that comes with 12GB of mobile data.

The plan costs about $50 a month, compared with a similar 4G plan without contract from M1 that costs at least $70 a month.

"I'm glad my years of waiting have paid off," said Mr Sufiyan, adding that surfing on his phone is noticeably faster after the upgrade.

However, if customers sign a 12-month contract with M1, they pay $51 a month for a plan that comes with 14GB of mobile data allowance.

Mr Ramakrishna Maruvada, a telecoms researcher at Daiwa Capital Markets, said M1's move is an attempt to improve customer loyalty.

"This is a vulnerable group; their refusal to upgrade indicates they are value seekers and are likely to switch operators when a value deal shows up," he added.

He expects Singtel and StarHub to do the same.

The latest figures from regulator Infocomm Media Development Authority show there are four million post-paid 4G users across the three telcos - Singtel, StarHub and M1 - compared with just 890,800 post-paid 3G users.

Mr Clement Teo, principal analyst at market research firm Ovum, said moving subscribers to just one network would help telcos focus their resources on their 4G networks.

When contacted, StarHub's head of product Justin Ang said it will monitor the situation and "evaluate the best upgrade options" for its 3G customers.

Singtel said 3G customers need to sign new contracts for 4G plans to get 4G speeds.

A version of this article appeared in the print edition of The Straits Times on January 26, 2017, with the headline 'M1 gives 3G users with big data plans free upgrade to 4G'. Print Edition | Subscribe

 

[Genosis]

u all so atas sia

i sometimes buy the 6 pack jolly shandy only lol

The most atas is Asahi from Jippun.....but I dun like the taste or only tried once

 

[MasterLeong]

And to make the Golden Post even more glittering, DPU growth is the focus..... If DPU keeps increasing....means WWJBH for many years!!!

Examples: FCT and PLife

power of growth and a solid track record!

huat ah $$$$$$$$$$

 

[yihao93]

And to make the Golden Post even more glittering, DPU growth is the focus..... If DPU keeps increasing....means WWJBH for many years!!!

Examples: FCT and PLife

plife dunno rate hike will come down or not
haishhh