*Official* MasterLeong Thread

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Genosis

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akwl88 said:
CAPITALAND Mall Asia said on Tuesday that it has inked a shopping mall management contract in Xi'an, its second in western China within a span of five months.

CapitaLand will manage the shopping mall in La Botanica - a township located in Xi'an's Chan-Ba Ecological District - that is being developed by CapitaLand-Henderson (Xi'an) Property Development, a joint venture between CapitaLand and Hong Kong-based Henderson Land.

Under the contract, CapitaLand will oversee asset planning, pre-opening and retail management for a five-storey shopping mall - four levels above ground and one basement level - with a gross floor area (GFA), excluding car park, of about 50,000 square metres. It is expected to be operational in 2019.

This deal follows CapitaLand's announcement last August that it is managing the retail component of Fortune Finance Center in Changsha, China, for Changsha Pilot Investment Holdings. Including the mall in La Botanica, CapitaLand now manages a portfolio of 14 shopping malls in western China with a combined retail GFA of about 1.13 million sq m.

http://www.businesstimes.com.sg/com...-signs-mall-management-contract-in-xian-china
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Wa......can collect more management fees! :D
 
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The Call
This is the highest yielding industrial trust in Singapore
By Gwyneth Yeo / theedgemarkets.com.sg | January 10, 2017 : 10:35 AM MYT
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SINGAPORE (Jan 10): Viva Industrial Trust is the highest yielding industrial real estate investment trust in Singapore, offering a 9.5% dividend yield for FY17, based on Bloomberg estimates.

According to CIMB analysts Yeo Zhibin and Lock Mun Yee in an unrated note on Monday, Viva also has the highest concentration of business parks in its portfolio among SREITs at 54.2%.

Viva is a Singapore-focused business park and industrial trust, and would have 9 assets with AUMs of $1.3billion and a net lettable area of 3.3milllion sq ft, upon the completion of the acquisition of 6 Chin Bee Avenue.

What’s interesting is that the REIT reported a 9.7% increase in distribution per unit for 3QFY16, while its peers were reporting declines.

Yeo and Lock explained that Viva’s DPU growth came from the REIT’s acquisitions and the asset enhancement initiatives at Viva Business Park. Viva’s management had leased out the empty spaces at that business park – which represented nearly 15% of the total space in the property – for two times the average passing rent of regular industrial space.

“For the next few quarters, management believes there could be DPU growth quarter on quarter as 93.4% of the ‘white’ space has been committed,” said the pair, adding that only 43% of the white space contributed to the REIT’s 3QFY16 results and the remaining could start to contribute in the coming quarters.

A major risk to the REIT’s high yields lies in the non-renewal of McDermott’s lease in Jackson Square that expires in April. McDermott is among the REIT’s top ten clients and contributes 3.8% to its total rental income.

On the other hand, the rest of the space in Jackson Square is protected by a rental guarantee stretching to 2019, and Viva says it has partially backfilled the space and “does not foresee issues in finding tenants due to Jackson Square’s central location” in Toa Payoh.

Another risk could come from the expiry of the rental support for UE BizHub’s business park component in Nov 2018.

“A material gap exists between the passing rent of UEBH and implied rent under the rental support arrangement,” said Yeo and Lock. “In the worst-case scenario, management deems that rising contribution from Viva Business Park could offset the absence of income support.”

Shares in Viva are trading at 75.5 cents.

http://www.theedgemarkets.com.sg/sg/article/highest-yielding-industrial-trust-singapore
 
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akwl88 said:
CAPITALAND Mall Asia said on Tuesday that it has inked a shopping mall management contract in Xi'an, its second in western China within a span of five months.

CapitaLand will manage the shopping mall in La Botanica - a township located in Xi'an's Chan-Ba Ecological District - that is being developed by CapitaLand-Henderson (Xi'an) Property Development, a joint venture between CapitaLand and Hong Kong-based Henderson Land.

Under the contract, CapitaLand will oversee asset planning, pre-opening and retail management for a five-storey shopping mall - four levels above ground and one basement level - with a gross floor area (GFA), excluding car park, of about 50,000 square metres. It is expected to be operational in 2019.

This deal follows CapitaLand's announcement last August that it is managing the retail component of Fortune Finance Center in Changsha, China, for Changsha Pilot Investment Holdings. Including the mall in La Botanica, CapitaLand now manages a portfolio of 14 shopping malls in western China with a combined retail GFA of about 1.13 million sq m.

http://www.businesstimes.com.sg/com...-signs-mall-management-contract-in-xian-china
Click to expand...
crct?

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SGX says stock market turnover value down 29% in Dec from Nov
By PC Lee / theedgemarkets.com.sg | January 9, 2017 : 6:17 PM MYT
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SINGAPORE (Jan 9): SGX reported stock market turnover value for December came in at $20.9 billion, down 29% m-o-m and up 23% y-o-y.

There were 21 trading days in Dec compared to 22 trading days in Nov and in Dec 2015.

Securities daily average value (SDAV) came in at $996 million, down 25% m-o-m and up 29% y-o-y.

Market turnover of Exchange Traded Funds (ETFs) was $234 million, down 50% m-o-m and up 33% y-o-y.

Market turnover of structured warrants was $1.23 billion, up 102% m-o-m and up 448% y-o-y.

There was one new Mainboard listing in Dec, which raised $122.6 million and 125 new bond listings, which raised $53 billion.

As at end Dec, total market capitalisation value of 757 listed companies stood at $926 billion.

Total derivatives volume came in at 13.3 million, down 20% m-o-m and down 8% y-o-y.

Equity Index Futures volume was 11.1 million, down 13% m-o-m and down 9% y-o-y.

Shares of SGX closed 3 cents higher at $7.20.

http://www.theedgemarkets.com.sg/sg/article/sgx-says-stock-market-turnover-value-down-29-dec-nov
 
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Today CCT counter seems pretty ON.

Trade volume over 10 mil. So far I have never seen that high ever since I bought it last mth. :s22:
 
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