*Official* MasterLeong Thread

[MasterLeong]

Office SREITs: Singapore’s office rents will remain “a little soft” in 2017 and may pick up only at the end of the year when the amount of new supply of space shrinks, CapitaLand Commercial Trust, one of the city-state’s biggest landlords, told Bloomberg. Although about 2.3 million square feet of space were added this year, less than 500,000 sf are being planned annually starting in 2018, with no supply in sight from 2020.

 

[Average]

MCT looks really good but too bad 10% premium to book, the yield at 5.5% was kinda low considering CCT and CMT were priced at 6% yield recently

Book value, yield, gearing matters a lot

masterleong forgot abt the recent mapletree biz city I acquisition which will contribute to dpu from next reporting quarter

Sent from 穷小子 using GAGT

 

[madtari]

another noob qns... where to see gearing ratio? I thought I saw somewhere last time but now on DBSVO I can only see those current/total liability, liability over equity etc...
what is the formula for gearing? total liability over asset?

For reits first is must be reputable and have long track record of at least 5 or 10 years of growing dpu and nav

Financial numbers wise book value, dpu, gearing these 3 most key at first glance

If above pass then dig into detail by reading up on their results presentation slides

 

[madtari]

able to link the source where it indicate that market has already factored in Dec hike plus another 2-3 hikes in 2017? All along I thought market has only factored in Dec hike only!

http://www.sharesinv.com/C38U/

market has already factored in dec hike and another 2-3 hikes in 2017

 

[MasterLeong]

masterleong forgot abt the recent mapletree biz city I acquisition which will contribute to dpu from next reporting quarter

Sent from 穷小子 using GAGT

The recent sept 30 one no count into the dpu yet ah
Like that have to wait for q4 results to have a better pic of mct ba

 

[MasterLeong]

another noob qns... where to see gearing ratio? I thought I saw somewhere last time but now on DBSVO I can only see those current/total liability, liability over equity etc...
what is the formula for gearing? total liability over asset?

Gearing ratio best is see the company earnings presentation slides

For normal companies usually debt/equity is shown

Foe reits usually debt/asset is shown

 

[Genosis]

Cut by opening the bottles? I can help.

Too bad it is not beer..... if not I also willing to help

 

[MasterLeong]

able to link the source where it indicate that market has already factored in Dec hike plus another 2-3 hikes in 2017? All along I thought market has only factored in Dec hike only!

I am the source lol

Dec rate hikes everyone knows liao ma
Thats why the market was so weak

2017 rates will only go up, everyone is expecting higher rates ahead

 

[Bigbang92]

Can try Thomson Reuters and investopedia

another noob qns... where to see gearing ratio? I thought I saw somewhere last time but now on DBSVO I can only see those current/total liability, liability over equity etc...
what is the formula for gearing? total liability over asset?

 

[MasterLeong]

https://www.bloomberg.com/news/arti...-approach-100-in-anticipation-of-trumpenomics

 

[MasterLeong]

https://www.bloomberg.com/news/arti...-approach-100-in-anticipation-of-trumpenomics

Dec rate hike almost a sure thing
Thats why cmt was sold down to 1.90
Which was an opportunity to hoot

 

[Genosis]

masterleong forgot abt the recent mapletree biz city I acquisition which will contribute to dpu from next reporting quarter

Sent from 穷小子 using GAGT

But Amazon regional headquarters is in Biz City 2......

But ok lah.....Biz City 1 still got many quality MNCs tenants

 

[madtari]

ok. Thanks.

Can try Thomson Reuters and investopedia

 

[MasterLeong]

2017 how many hikes etc
Analysts will give their views in their year end reports
Be sure to read as many as possible

My view is that 2017 at least 2 hikes
Maybe as much as 4

One year up 0.5% to 1.% is normal and i am not too worried

But if rates goes up much faster, may lead to crash

Normalized rates would be around 3%, a far cry from 0.25-0.5% now

 

[Genosis]

another noob qns... where to see gearing ratio? I thought I saw somewhere last time but now on DBSVO I can only see those current/total liability, liability over equity etc...
what is the formula for gearing? total liability over asset?

Can download the latest result presentation slides from the REITs' website.....

 

[MasterLeong]

masterleong forgot abt the recent mapletree biz city I acquisition which will contribute to dpu from next reporting quarter

Sent from 穷小子 using GAGT

I saw mct sept 30 slides
They already put 98% or so occupancy rate on their biz park office
Shouldnt that mean already contributing to dpu?

 

[madtari]

chey! I choose to believe that market has not really priced in 2017 hike. Hopefully can get on board after dec hike, and will avg down from there in 2017 when it drops further.

I am the source lol

Dec rate hikes everyone knows liao ma
Thats why the market was so weak

2017 rates will only go up, everyone is expecting higher rates ahead

 

[MasterLeong]

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

 

[MasterLeong]

chey! I choose to believe that market has not really priced in 2017 hike. Hopefully can get on board after dec hike, and will avg down from there in 2017 when it drops further.

Now u are timing the market and hoping prices go lower
Timing the market is difficult

If stocks are cheap with low pe and high yield
Have the courage to buy

Its hard to imagine a top quality reit like cmt selling 10 or 20% below book

If got 1 times book at 1.90 is really super bargain already

 

[awful999]

Too bad it is not beer..... if not I also willing to help

Lucky is wine not beer..haha