[Official] REITs CD tracking thread

[teerance85]

First Reit dropped so much!

Should be due to the currency (Rupiah) issue at hand.

 

[akseow]

First Reit dropped so much!

Should be due to the currency (Rupiah) issue at hand.

May I know about the rupiah issue? SGD has also depreciated against USD

 

[Asphodeli]

LOL , you not alone . i also have Saizen .
Not really happy with the scripts they coming up . Going to just take the money .

I think it's a reasonable response la - management has to show that they're reacting to the market movements, rather than sitting on a throne of gold. Couple of other REITs also have DRP. But I always take cash.

 

[Pocoyoz]

Why Ascendas India trust dropped a bit only,?

Sent from Pocoyo fan club using GAGT

 

[Raynon]

CMT shareholders, did u all receive a document for the acqusition of Bedok Mall regarding the financing methods(1) issuance of 72 mils consideration unit (2) issuance of acqusition fee units (3) bank borrowings. Can any expert advise on the pro n cons of each financing method n its impact to share price. Thanks !!

 

[Perisher]

CMT shareholders, did u all receive a document for the acqusition of Bedok Mall regarding the financing methods(1) issuance of 72 mils consideration unit (2) issuance of acqusition fee units (3) bank borrowings. Can any expert advise on the pro n cons of each financing method n its impact to share price. Thanks !!

I didn't. SCB always the slowest...

1) issuing shares = diluting shares. Each share is worth less.
2) not sure.
3) taking on more debt by borrowing from bank. No impact on shares but on gearing.

Think they announce they would do a mix of debt/shares.
Any pros?

 

[compro_1975]

my ascendas hospitality thrust been doing very badly until i very pek chek also liao...

1st reit is my most fav one..

saizen... in red for me... wonder when will it rose haix... what is causing this red man... i wanna buy my house liao

 

[simon_84]

May I know about the rupiah issue? SGD has also depreciated against USD

rupiah also depreciate...

 

[lzydata]

CMT shareholders, did u all receive a document for the acqusition of Bedok Mall regarding the financing methods(1) issuance of 72 mils consideration unit (2) issuance of acqusition fee units (3) bank borrowings. Can any expert advise on the pro n cons of each financing method n its impact to share price. Thanks !!

The EGM's two resolutions are both about acquiring Bedok Mall. The two resolutions are regarding (1) the acquisition and (2) the consideration units, because it's an interested party transaction. So I think it comes down more to whether you think CMT should acquire the mall or not. The specific mix of financing methods is not really up for voting.

Take a look at their slides on the acquisition. CMT projects that annualized DPU will rise from 10.71c to 10.89c using the proposed mix of financing, or 10.82c using some equity placement and less bank borrowings. Gearing will rise from 33.7% to 37.1% or 35.7% respectively. In other words, even financing 80% of the acquisition costs with debt will raise the gearing only slightly, and it should be DPU accretive.

 

[lzydata]

May I know about the rupiah issue? SGD has also depreciated against USD

rupiah also depreciate...

This comes up all the time, but actually, First REIT's earnings from Lippo Karawaci are all denominated in SGD. There is currency risk but it falls on the sponsor, not the REIT itself.

 

[simon_84]

This comes up all the time, but actually, First REIT's earnings from Lippo Karawaci are all denominated in SGD. There is currency risk but it falls on the sponsor, not the REIT itself.

second time in a row, i see the price movement for first reit affected by the movement in rupiah.
though there is no direct current risk, however market sediment seems to correlate to the direction of rupiah.

 

[Mecisteus]

second time in a row, i see the price movement for first reit affected by the movement in rupiah.
though there is no direct current risk, however market sediment seems to correlate to the direction of rupiah.

2 observations are not really indicative. to make a conclusive statement, you need to look at the FCY movement against share price for a longer period.

 

[Pocoyoz]

Why Ascendas India trust dropped a bit only,?

Sent from Pocoyo fan club using GAGT

today drop 9%
siao lang selling

 

[teerance85]

Lets congratulate the first Reit to have a 10% yield.

OUE COM TRUST!

as at 24 Aug 2015, 11.42am

 

[Jazzbie]

Lets congratulate the first Reit to have a 10% yield.

OUE COM TRUST!

as at 24 Aug 2015, 11.42am

I don't think so for Oue Com leh - based on DPU of 0.048.

Anyway, REITs like Sabana and Viva already hit 10% last week, excluding overseas-based S-REITs which are even earlier.

 

[Maeda_Toshiie]

Lets congratulate the first Reit to have a 10% yield.

OUE COM TRUST!

as at 24 Aug 2015, 11.42am

Yield in the next quarter will probably drop lor...

 

[akseow]

Lowering price of reit = higher yeild?

Lets congratulate the first Reit to have a 10% yield.

OUE COM TRUST!

as at 24 Aug 2015, 11.42am

 

[Perisher]

Lowering price of reit = higher yeild?

You don't know that?

 

[teerance85]

I shortlisted the OUE COM because its rather well known then Sabana or Viva (no disrespect to them).

Crossing my fingers that the upcoming distributions won't take a hit.

 

[akseow]

You don't know that?

But i have capital loss now!