*Official* MasterLeong Thread - Part 2

[starfish.starfish]

The contingent effect of M1 onto SH sibei strong, now SH dropped more than M1

 

[Takodoro]

CCT xd liao

CMT kanna sell down as analyst say dpu will remain stagnant for 3 years due to loss of income from funan.. need 2020 then new funan up

FCT chiong on positive AGM experience and confidence in north point 2018 onwards

MCT will post results tonight..... so we shall see ^_^

Oh ya, so busy with work till I forgot CCT XD.

Noted on CMT. Shall remain as my centerback.

FCT chiong hope can push FCL to new heights too

 

[lewissac]

Cham lo... STI can't hold fort. Struggling back and fort in red zone

 

[MasterLeong]

STI from up now become flat gg max

SH too much of a drag

 

[MasterLeong]

3 issues chaining down Cache Logistic Trust’s DPU outlook
By Michelle Zhu / theedgemarkets.com.sg | January 25, 2017 : 12:00 PM MYT
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SINGAPORE (Jan 25): DBS is maintaining its “hold” call on Cache Logistics Trust (CLT) due to uncertainty of the outcome regarding its dispute with DB Schenker Megahub; the potential of revaluation loss; as well as the possibility of equity fund raising to address its high gearing.

CLT on Monday posted a 10.8% decline in 4Q DPU to 1.85 cents due to lower income for 51 Alps Avenue, over which the trust has been in dispute with Schenker over regarding the latter’s lease at the property since 2016.

(See also: Cache Logistics Trust’s 4Q DPU declines 10.8% to 1.85 cents on lease dispute)

As of late, the manager of CLT has accepted Schenker’s proposed holding arrangement for a payment of 77 cents psf/month, which is still “under protest”.

(See also: Cache Logistics accepts DB Schenker’s holding arrangement pending legal resolution)

The research house has lowered its 12-month price target on the REIT to 77 cents from 93 cents previously, trimming its distribution per unit (DPU) estimates for the next two years by 3-5% due to its recent divestment of Cache Changi Districentre 3 (DC3).

“We think [CLT’s] net asset value (NAV) could decline further. While yields are attractive at above 9%, we believe that uncertainties owing to the oversupply in the overall Singapore warehouse market and more pressure on Cache’s organic growth outlook will cap re-rating opportunities,” explains DBS analyst Derek Tan in a Tuesday report.

Tan has identified the interim solution to 51 Alps Avenue as a key overhang for CLT, and expects pressure on earnings arising from the related holding arrangement – with FY17F DPU dropping by 4% to 7 cents in the worst-case scenario.

He also warns of further price pressure ahead should the Court eventually rule to settle Schenker’s rent significantly below market price.

“As anticipated, further property write offs led to NAV being slashed by 11.4% in FY16, and this pushed gearing up to 43.1% (vs 45% regulatory cap). Assuming sales proceeds from DC3 is used to pay off debts, gearing would have only moderated to c.42% which is still above management’s comfortable level of 35-40%,” adds the analyst.

As such, DBS believes the next step for CLT’s manager will be to undertake an equity fund raising, and/or divest more assets to pare down its gearing.

“Depending on the [manager’s] strategy, DPU dilution is possible, and is factored in our model,” says Tan. As at 11.28pm, units of CLT are trading 0.6% lower at 82 cents.

 

[EvilPaladin]

if in SCB can forget about going to AGM

if in CDP then go ba...

its time to pull out of SCB - CDP for the win!

 

[icegers]

Hi all, in order to recieve dividend, must the settlement date be before the xd date or as long as the trade is execute before xd date will do?

 

[MasterLeong]

its time to pull out of SCB - CDP for the win!

ever since SCB dropped the bomb, took away the no min comm... I think most ssi warriors pulled out, gg max

 

[MasterLeong]

Hi all, in order to recieve dividend, must the settlement date be before the xd date or as long as the trade is execute before xd date will do?

dont look at settlement date, look at the date that you bought

 

[EvilPaladin]

ever since SCB dropped the bomb, took away the no min comm... I think most ssi warriors pulled out, gg max

ya, but if u buy more than 5k, the comm still worth it at about $10++ sgd compared to the normal brokerage fee which is about $20++?

i cheapo ma...

 

[icegers]

dont look at settlement date, look at the date that you bought

So as long as date of purchase is before xd date will do right?

 

[icegers]

Thought of loading up on cmt lol

 

[MasterLeong]

ya, but if u buy more than 5k, the comm still worth it at about $10++ sgd compared to the normal brokerage fee which is about $20++?

i cheapo ma...

lol relax, i anyhow shoot SCB only

but yeah in future can try support local brokerage house like dbs or ocbc

then put into CDP can go AGM get free $20 voucher and gain deep insights

like recently me average jmap when to the FCT agm and learnt a lot, the first time we came back after AGM we told u guys who positive management and shareholders were and true enough the stock rallied and crossed 2.00 mark

this is not insider trading, this is making full use of your time, eyes and hears to pay attention to what is good and what is bad

same as an auntie going to market to buy orange and apples, u have to see and touch for yourself to get the best ones

^_^

 

[lewissac]

ya, but if u buy more than 5k, the comm still worth it at about $10++ sgd compared to the normal brokerage fee which is about $20++?

i cheapo ma...

It's cheap but you are stuck with SCB's brokerage platform. You cant enjoy any other platform's promotions.

Im also using MBKE Prefunded custodian acc. It's the same as yours: $10.00 min commission. But I'm also creating account on all other brokerage, Philips, POEMS, Vickers, iOCBC, UOBKY, CIMB, Lim&TAN; to get their promotions.

 

[EvilPaladin]

So as long as date of purchase is before xd date will do right?

stock must be in ur name on XD date i believe, doesnt matter when u purchase or sell

 

[MasterLeong]

So as long as date of purchase is before xd date will do right?

you buy that time beside must have CD sign

 

[akwl88]

It's cheap but you are stuck with SCB's brokerage platform. You cant enjoy any other platform's promotions.

Im also using MBKE Prefunded custodian acc. It's the same as yours: $10.00 min commission. But I'm also creating account on all other brokerage, Philips, POEMS, Vickers, iOCBC, UOBKY, CIMB, Lim&TAN; to get their promotions.

insert armchio gif

 

[Retireready]

This year the waves like very unstable Sia

 

[icegers]

So as long as date of purchase is before xd date will do right?

So if load upp cmt today still will get dividend bo?
Gum sia , ML

 

[lewissac]

So if load upp cmt today still will get dividend bo?
Gum sia , ML

You will get your dividend as long as the CD status is there.