*Official* MasterLeong Thread

[[M]aiev]

continue to bet and one day it will be chopped off!
where got 100% accuracy de?

No worries, lose liao at most reattach lor.

 

[akwl88]

See cmt mall packed Jin happy lol

Tm dbs left, the shop space still vacant. Very gd location doh, dunn why know one take

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Was at tm just now too!

Maybe pass by layers didi

 

[Genosis]

Personal opinion.....I think the first point is a positive one

CWP and NP usually enjoy positive rental reversions.....it just depends on how strong the reversions will be

(vested)

Got a quick glance at the annual report of fct. Key risks:

~about 38% of the total leased area of causeway point & northpoint will expires next year.

~218 million of their total debt (734 million) are due within 1 year, about 30%.

Above are risks that fct need to overcome in 2017.My take is that if Fct make it through 2017; it will huat. If the leases are renewed at higher or at least maintain, then fct huat liao. But might need to wait at least 1-2 years.

Another thing is that fct acquisition of retail podium of Yishun 10 Cinema Complex has not been added to the nav of the annual report (could be higher than 1.93 wor?!, I am not too sure about this point).

Seem like there's still chance to get more in 2017 at a lower price? Any other insights on fct? Come share share.

Note: I am vested in FCT and my views may be biased. DYODD.

 

[Layers]

Was at tm just now too!

Maybe pass by layers didi

Maybe. Sibei crowded. Maybe squeeze by u

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[Layers]

Got a quick glance at the annual report of fct. Key risks:

~about 38% of the total leased area of causeway point & northpoint will expires next year.

~218 million of their total debt (734 million) are due within 1 year, about 30%.

Above are risks that fct need to overcome in 2017.My take is that if Fct make it through 2017; it will huat. If the leases are renewed at higher or at least maintain, then fct huat liao. But might need to wait at least 1-2 years.

Another thing is that fct acquisition of retail podium of Yishun 10 Cinema Complex has not been added to the nav of the annual report (could be higher than 1.93 wor?!, I am not too sure about this point).

Seem like there's still chance to get more in 2017 at a lower price? Any other insights on fct? Come share share.

Note: I am vested in FCT and my views may be biased. DYODD.

Loan expire is normal for reits. Most impt is spread out. Anyway renewal of loan now is better before hike

Lease shldnt be a problem unless...... Bedok....point...cough cough

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[goh6570]

DTF is always crowded. Be it in any of the branches.

If u see DTF u will see the crowd

Biz damn gd

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[MasterLeong]

Got a quick glance at the annual report of fct. Key risks:

~about 38% of the total leased area of causeway point & northpoint will expires next year.

~218 million of their total debt (734 million) are due within 1 year, about 30%.

Above are risks that fct need to overcome in 2017.My take is that if Fct make it through 2017; it will huat. If the leases are renewed at higher or at least maintain, then fct huat liao. But might need to wait at least 1-2 years.

Another thing is that fct acquisition of retail podium of Yishun 10 Cinema Complex has not been added to the nav of the annual report (could be higher than 1.93 wor?!, I am not too sure about this point).

Seem like there's still chance to get more in 2017 at a lower price? Any other insights on fct? Come share share.

Note: I am vested in FCT and my views may be biased. DYODD.

Normally retail leases are pretty short, so its common to see 30% of leases renewed every year

FCT u can see their presentation slides, their debt portfolio should be fine but i am more concerned about their heavier use of floating rates

If u are concerned best is to attend agm, management will usually give u an idea of their plans and outlook for 2017

 

[MasterLeong]

continue to bet and one day it will be chopped off!
where got 100% accuracy de?

Only when i super super confident then will bet
no 99% no bet kkj one lol
Maybe this one my last time betting kkj
Hope 2017 market up lol

 

[MasterLeong]

Got a quick glance at the annual report of fct. Key risks:

~about 38% of the total leased area of causeway point & northpoint will expires next year.

~218 million of their total debt (734 million) are due within 1 year, about 30%.

Above are risks that fct need to overcome in 2017.My take is that if Fct make it through 2017; it will huat. If the leases are renewed at higher or at least maintain, then fct huat liao. But might need to wait at least 1-2 years.

Another thing is that fct acquisition of retail podium of Yishun 10 Cinema Complex has not been added to the nav of the annual report (could be higher than 1.93 wor?!, I am not too sure about this point).

Seem like there's still chance to get more in 2017 at a lower price? Any other insights on fct? Come share share.

Note: I am vested in FCT and my views may be biased. DYODD.

52 week low is 1.80...

but hard to see it goes 10 cents lower unless US side say want to hike 5-6 times in 2017 hahahahaha

 

[Genosis]

Loan expire is normal for reits. Most impt is spread out. Anyway renewal of loan now is better before hike

Lease shldnt be a problem unless...... Bedok....point...cough cough

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Ya...a well-staggered debt maturity profile is important

Besides, fct gearing is quite healthy below 30%...

Bedok point is a worry...but luckily it is not a huge part of its portfolio...but still i dun like the drag on its dpu growth

 

[MasterLeong]

Got a quick glance at the annual report of fct. Key risks:

~about 38% of the total leased area of causeway point & northpoint will expires next year.

~218 million of their total debt (734 million) are due within 1 year, about 30%.

Above are risks that fct need to overcome in 2017.My take is that if Fct make it through 2017; it will huat. If the leases are renewed at higher or at least maintain, then fct huat liao. But might need to wait at least 1-2 years.

Another thing is that fct acquisition of retail podium of Yishun 10 Cinema Complex has not been added to the nav of the annual report (could be higher than 1.93 wor?!, I am not too sure about this point).

Seem like there's still chance to get more in 2017 at a lower price? Any other insights on fct? Come share share.

Note: I am vested in FCT and my views may be biased. DYODD.

I think that one very small nia, not much impact at all to nav nor dpu

also usually for acquisition there is not change to nav.. unless buying the asset at big discount valuations

example u use 10 mil cash to buy a 10 mil property, your NAV is the same

just that cash become property or debt/property neutralize


however if a high quality asset is purchased... 1-2 years down... rentals become higher, the asset can be valued higher, leading to higher NAV

 

[MasterLeong]

Another thing to add about nav per share
When a reit is trading at way above nav
Its very easy to do rights issue to acquire properties
Even a bad purchase will show higher dpu and nav per share
Thats why i often avoid paying higher premiums to book for reits

 

[Genosis]

I think that one very small nia, not much impact at all to nav nor dpu

also usually for acquisition there is not change to nav.. unless buying the asset at big discount valuations

example u use 10 mil cash to buy a 10 mil property, your NAV is the same

just that cash become property or debt/property neutralize


however if a high quality asset is purchased... 1-2 years down... rentals become higher, the asset can be valued higher, leading to higher NAV

Ya...that acquisition is too small to affect NAV by much...it was more of a 'strategic' move

I think fct just want to makan all the retail space surrounding the yishun mrt station. Yishun is a matured estate (bigger families) with a huge population catchment area...lots of residential properties, schools, new bus interchange...good long term prosoects!

 

[Genosis]

Another thing to add about nav per share
When a reit is trading at way above nav
Its very easy to do rights issue to acquire properties
Even a bad purchase will show higher dpu and nav per share
Thats why i often avoid paying higher premiums to book for reits

Ya...besides monitoring the nav, it is also prudent to avoid those who do rights issues frequently without achieving dpu growth...

 

[Dividends Warrior]

Took kopi money from Suntec, Rmg and jumbo yesterday. If reits continue on their recovery path towards the CD reporting period in Jan, I probably will take profits in batches. Happy New Year!

 

[marvel.avengers.ultron]

Normally retail leases are pretty short, so its common to see 30% of leases renewed every year

FCT u can see their presentation slides, their debt portfolio should be fine but i am more concerned about their heavier use of floating rates

If u are concerned best is to attend agm, management will usually give u an idea of their plans and outlook for 2017

When is the AGM? How come i haven't receive letter yet?

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[WeirdChemist]

Took kopi money from Suntec, Rmg and jumbo yesterday. If reits continue on their recovery path towards the CD reporting period in Jan, I probably will take profits in batches. Happy New Year!

DW huat big big

 

[MasterLeong]

Reits are mean to be held for long term dividends
Not useful for fifo

 

[MasterLeong]

When is the AGM? How come i haven't receive letter yet?

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If u are shareholder of fct should had recieved annual report already
Agm details inside
Unless u recently bought fct only?

 

[MasterLeong]

What are you guys expected returns for 2017?

I hope to make at least 10%
5% from dividends and 5% from appreication of stock prices