*Official* MasterLeong Thread

[lightchaser]

Now I see the word 'hedge' I got phobia liao.....

no scared, this one I checked the financials..stated its actually 85% is on fixed rate

 

[Genosis]

no scared, this one I checked the financials..stated its actually 85% is on fixed rate

Hahaha.....I can breath easier now

 

[lightchaser]

CCT has only 16.1% fixed rate loans ? the rest floating ? Hope i read the financials correctly...

 

[Layers]

CCT has only 16.1% fixed rate loans ? the rest floating ? Hope i read the financials correctly...

I have no idea how u get 16%

Sent from Sony E6853 using GAGT

 

[lightchaser]

I have no idea how u get 16%

Sent from Sony E6853 using GAGT

From their financials "
"Interest-bearing liabilities as at 30 September 2016 were S$2.5 billion, an increase of S$1.4 billion from 31 December
2015. The increase was largely due to the additional borrowings required for financing the acquisition of 60% interest
in MSO Trust that holds CapitaGreen as well as consolidation of MSO Trust’s borrowings.
The interest-bearing liabilities as at 30 September 2016 comprised:
a) Unsecured fixed rate notes totaling S$225.0 million; JPY24.9 billion and HKD585.0 million (hedged via cross
currency swaps to S$425.8 million);
b) Unsecured bank borrowings of S$921.6 million; and
c) Secured bank borrowings of S$890.0 million of MSO Trust. "

only 425.8m is hedged vs total loan of 2.5b

 

[bencheongcm]

Wa.....u treat 100% occupancy Mt Elizabeth & Gleneagles Hospital like Toyota?!?!?!

You know Toyota Crown is actually quite expensive compared to the entry tier of Lexus model offering

Both are ture blue from Toyota

Last time I remember taken a Cab the uncle said actually my taxi is better than those entry level Lexus. Spacious also

ok enough of OT you get my point

 

[Genosis]

You know Toyota Crown is actually quite expensive compared to the entry tier of Lexus model offering

Both are ture blue from Toyota

Last time I remember taken a Cab the uncle said actually my taxi is better than those entry level Lexus. Spacious also

ok enough of OT you get my point

Yup....got ur point I was kidding around

 

[Layers]

From their financials "
"Interest-bearing liabilities as at 30 September 2016 were S$2.5 billion, an increase of S$1.4 billion from 31 December
2015. The increase was largely due to the additional borrowings required for financing the acquisition of 60% interest
in MSO Trust that holds CapitaGreen as well as consolidation of MSO Trust’s borrowings.
The interest-bearing liabilities as at 30 September 2016 comprised:
a) Unsecured fixed rate notes totaling S$225.0 million; JPY24.9 billion and HKD585.0 million (hedged via cross
currency swaps to S$425.8 million);
b) Unsecured bank borrowings of S$921.6 million; and
c) Secured bank borrowings of S$890.0 million of MSO Trust. "

only 425.8m is hedged vs total loan of 2.5b

From the power point I guess those are forex hedging?

Fixed rate Bond in foreign currency swap with sgd notes.

None of the loan at stated as floating

Bank loan are floating loans?

Noob here. Trying to understand. Paging ML to mark paper

Sent from Sony E6853 using GAGT

 

[MasterLeong]

CCT has only 16.1% fixed rate loans ? the rest floating ? Hope i read the financials correctly...

http://cct.listedcompany.com/newsroom/20161019_064329_C61U_VIADF86KNYQNFGJZ.3.pdf

all on page 17/18

if one does not understand then it would be best to avoid investing in the stock

 

[Genosis]

From their financials "
"Interest-bearing liabilities as at 30 September 2016 were S$2.5 billion, an increase of S$1.4 billion from 31 December
2015. The increase was largely due to the additional borrowings required for financing the acquisition of 60% interest
in MSO Trust that holds CapitaGreen as well as consolidation of MSO Trust’s borrowings.
The interest-bearing liabilities as at 30 September 2016 comprised:
a) Unsecured fixed rate notes totaling S$225.0 million; JPY24.9 billion and HKD585.0 million (hedged via cross
currency swaps to S$425.8 million);
b) Unsecured bank borrowings of S$921.6 million; and
c) Secured bank borrowings of S$890.0 million of MSO Trust. "

only 425.8m is hedged vs total loan of 2.5b

Being the CFO of REITs is not simpur.....

 

[MasterLeong]

example CCT buys capital green

where is capital green at? singapore... so u want to buy u pay in SGD right?

most of CCT assets are in Singapore... so they are paid in SGD


Its common for all temasek/blue chip companies to borrow $$$ in USD/Europe/Yen... major currencies at low rates and then convert then to use in SGD

 

[MasterLeong]

slide 18 already say big big and clear, 80% of bonds are of fixed rate... but difference currencies

does the loan portfolio have currency risk? yes

 

[lbs]

Thanks Felix. Learn something today

 

[MasterLeong]

http://cmt.listedcompany.com/newsroom/20161021_182251_C38U_9BFCUV3N6HD4XYCX.3.pdf

CMT slides page 15
everything is very clear and open

if not sure, then i advise u all to attend agm and ask questions

 

[MasterLeong]

Thanks Felix. Learn something today

u are most welcomed

actually a lot of reits investors never see deeper enough

they see the asset portfolio but never study the debt portfolio lol

 

[MasterLeong]

MCT

http://www.mapletreecommercialtrust...entation 2Q FY1617final26 Oct 16use this.pdf

slide 13, all there and clear

3/4 is fixed rates

 

[MasterLeong]

http://www.fraserscentrepointtrust.... Results/2016/Q4/FCT_Results_Slides_4Q16.ashx

FCT slide 19

 

[MasterLeong]

the good thing about big names reits like CCT CMT FCT MCT is that their presentation slides are very well done

almost all the info is there in their slides

if u are vested or plan to be vest... please be sure to read everything in their latest quarterly report presentation

 

[wiz]

example CCT buys capital green

where is capital green at? singapore... so u want to buy u pay in SGD right?

most of CCT assets are in Singapore... so they are paid in SGD


Its common for all temasek/blue chip companies to borrow $$$ in USD/Europe/Yen... major currencies at low rates and then convert then to use in SGD

Carry trade ? Very clever never knew REITS will do that. Borrow SGD and buy JB property!

 

[Weaboo]

the good thing about big names reits like CCT CMT FCT MCT is that their presentation slides are very well done

almost all the info is there in their slides

if u are vested or plan to be vest... please be sure to read everything in their latest quarterly report presentation

tis is why i like companies which invest in good IR...