Sasseur REIT *Official* (SGX:CRPU)

[dontwastetime]

Cannot be sasseur reit don't benefit from this ?
China banks can lend more = Stimulate ?​

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www.bbc.com /news/articles/cjd5xlv03jxo​

China unveils raft of stimulus measures to boost flagging economy​

Peter Hoskins2-2 minutes 9/24/2024

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Peter Hoskins
BBC News, Business reporter

China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy.

People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending.

The move comes after a series of disappointing data has increased expectations in recent months that the world's second largest economy will miss its own 5% growth target this year.

Stock markets in Asia jumped after Mr Pan's announcement.

Speaking at a rare news conference alongside officials from two other financial regulators, Mr Pan said the central bank would cut the amount of cash banks have to hold in reserve - known as reserve requirement ratios (RRR).

The RRR will initially be cut by half a percentage point, in a move expected to free up about 1 trillion yuan ($142bn; £106bn).

Mr Pan added that another cut may be made later in the year.

Further measures aimed to boost China's crisis-hit property market include cutting interest rates for existing mortgages and lowering minimum down payments on all types of homes to 15%.

The country's real estate industry has been struggling with a sharp downturn since 2021.

Several developers have collapsed, leaving large numbers of unsold homes and unfinished building projects.

The PBOC's new economic stimulus measures come just days after the US Federal Reserve lowered interest rates for the first time in more than four years with a bigger than usual cut.
The news pushed up share prices, with the leading stock indexes in Shanghai and Hong Kong ending the day more than 4% higher.

 

[dontwastetime]

Nobody happy ? Today chiong up so much..

 

[sohguanh]

Nobody happy ? Today chiong up so much..

Now the hot phrase is got China word chiong up. The CapitaChina REIT also go up. Now is see China means to the sky wonder is it for a while before crash back down to earth again.

 

[dontwastetime]

Now the hot phrase is got China word chiong up. The CapitaChina REIT also go up. Now is see China means to the sky wonder is it for a while before crash back down to earth again.

That time no china stimulus no fed rate cut, it ownself hit 0.85 ownself..

I think this time dun hit $1.00 also hard.

 

[sky1978]

That time no china stimulus no fed rate cut, it ownself hit 0.85 ownself..

I think this time dun hit $1.00 also hard.

What will be their projected/forecast DPU for next year 2025?

 

[dontwastetime]

What will be their projected/forecast DPU for next year 2025?

If not higher than this year, investors would be disappointed

China already having stimulus, and their borrowing costs should drop in the years to come

This reit even go up 2x to $1.30, their dividend will be 4.5% whats not to like?

Also I dunno if CNY can depreciate more or not against SGD..

It's been down so much, surely will have a rebound.

 

[TehSi99]

The spillover effect is amazing. Not only this. Even US stocks related to China consumption rally.

 

[TehSi99]

That time no china stimulus no fed rate cut, it ownself hit 0.85 ownself..

I think this time dun hit $1.00 also hard.

If can hit $1.00, then will sell.

Actually, will sell before that. I was in deep red on this counter for long time, if can breakeven and run, will be good enough.

 

[dontwastetime]

If can hit $1.00, then will sell.

Actually, will sell before that. I was in deep red on this counter for long time, if can breakeven and run, will be good enough.

Initially I am weary of foreign currency risk on DPU, SGD is too strong already.

But now that China has stimulated, just hold on for the subsequent FED cuts till they stop. China now have more leeway to cut on their side as well.

China needs to stimulate inflation, as they are experiencing DEFLATION now.

At my price, it's 9% dividend. If hold 11 yrs, means my money back.

*I'm more optimistic that CNYSGD should go up since it has crashed so much.. but seems only CNYUSD is up currently.

 

[dontwastetime]

* correction.. seems CNY going up against USD only.. Knn SGD refuse to drop against CNY ​

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Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus​

Published Tue, Sep 24 20249:27 PM EDT

China’s yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.

Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy.

 

[TehSi99]

* correction.. seems CNY going up against USD only.. Knn SGD refuse to drop against CNY ​

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Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus​

Published Tue, Sep 24 20249:27 PM EDT

China’s yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.

Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy.

Sg will keep SGD strong to fight inflation.

 

[TehSi99]

Initially I am weary of foreign currency risk on DPU, SGD is too strong already.

But now that China has stimulated, just hold on for the subsequent FED cuts till they stop. China now have more leeway to cut on their side as well.

China needs to stimulate inflation, as they are experiencing DEFLATION now.

At my price, it's 9% dividend. If hold 11 yrs, means my money back.

*I'm more optimistic that CNYSGD should go up since it has crashed so much.. but seems only CNYUSD is up currently.

If DPU (in RMB) increases y-o-y, then fundamental is sound. FX risk is then a lesser concern.

Need at least to see the next 2 results announcement to see the impact of stimulus. If stimulus does not translate to increase in DPU, then stock price will be depressed or even comes down.