Starhill & MIT

[Garlic & Butter]

in my humble opinion, mit portfolio is not attractive

its mostly made up of cheapo jtc flatted factory

target customer is those sme, which cant afford high rent

infact many have complained when jtc sold it to mit, and the raised the rent skyhigh

this is fully agree. REITS like MIT and Ascendas are getting a bit unethical over escalating rents in those aging ex-JTC flatted factories. most are SMEs already struggling with thin margins, high labour costs, high FWL, low quota etc
demand rent renewals increase of +50% is fairly common. just yesterday, saw the parking for cars at $1.60/hr at AMK? (std rate is $1/hr).

these GLCs sure have good economists engaging on 1st price discriminination

for the benefit of the few thousand unit holders, most tenants and their businesses and families suffer

 

[Paul Lee]

I suppose what you say may not be totally untrue but personally I wont called it 'unethical'.

Like the SMEs that you seems to be championing, entities like A-REIT and MIT are profit-driven companies. So is it fair to suggest that they dun escalate rents according to market conditions, so that 'struggling' SMEs can remain viable?

Or is it perhaps better for these 'struggling' SMEs to close? And the space be free up for more productive enterprises? Sure, SMEs are an important segments of our economy; and they do receive help. But I disagree that landlords like A-REIT/MIT should stagnate rents just so struggling SMEs can continue.

That's how a capitalist economy works.

 

[Garlic & Butter]

the thing i dont like about them is, well, the whopping 30-50% rent increase upon renewal. think that is too much

 

[diu___]

I suppose what you say may not be totally untrue but personally I wont called it 'unethical'.

Like the SMEs that you seems to be championing, entities like A-REIT and MIT are profit-driven companies. So is it fair to suggest that they dun escalate rents according to market conditions, so that 'struggling' SMEs can remain viable?

Or is it perhaps better for these 'struggling' SMEs to close? And the space be free up for more productive enterprises? Sure, SMEs are an important segments of our economy; and they do receive help. But I disagree that landlords like A-REIT/MIT should stagnate rents just so struggling SMEs can continue.

That's how a capitalist economy works.

in the first place, y gahment sell jtc flatted factory to temasek coy???

 

[princessreiko]

Just got home and check letter box.
MINT got DRP.
Is it good or bad?
Do I have to top up any cash if I want the units offerred?
First timer for DRP.
TIA.

 

[princessreiko]

Another question, please......
If I accept the new units...it will not be in 1000 units, then how to sell it in future?

 

[lzydata]

Just got home and check letter box.
MINT got DRP.
Is it good or bad?
Do I have to top up any cash if I want the units offerred?
First timer for DRP.
TIA.

Another question, please......
If I accept the new units...it will not be in 1000 units, then how to sell it in future?

DRP means you can choose to get your dividends in the form of new units. You don't need to top up any cash. If you have to sell them, you can sell them in the POEMS odd lot market.

The issue price has not been decided yet but it is only at a 1% discount to the VWAP. Today MIT closed at $1.57, so not far from there.

IMO if you are a small investor you are better off taking the cash so that you will not end up with odd lots. MIT is also quite pricey now.

 

[deViLzAdV0C4TE]

IMO if you are a small investor you are better off taking the cash so that you will not end up with odd lots. MIT is also quite pricey now.

is that a blanket recommendation? so always better to just take the cash than odd lots?

Another question: would you consider reinvestment as a cheap or good way to do dollar cost averaging? I dont watch the market very carefully, but i'm assuming that the price will drop somewhat after each XD, and that the entry for reinvestment is usually at the lower price... Correct me if i'm wrong?

 

[anfielder]

is that a blanket recommendation? so always better to just take the cash than odd lots?

Another question: would you consider reinvestment as a cheap or good way to do dollar cost averaging? I dont watch the market very carefully, but i'm assuming that the price will drop somewhat after each XD, and that the entry for reinvestment is usually at the lower price... Correct me if i'm wrong?

I don't think it can be considered a blanket recommendation. It really depends on things like how many units you'd be getting from DRP, what's your investment objectives etc. Personally I'm not bothered by odd lots and I like the idea of increasing my holdings without cash outlay so I take DRP. But I must say I can accumulate enough for a board lot within 2 or 3 rounds of DRP so the decision is easier for me. It's a lot harder for those with few units so I'd advise caution.

The number of units you're getting from DRP is small compared to the original amount so it's not really a good way to do DCA?

 

[Raider04]

Another question, please......
If I accept the new units...it will not be in 1000 units, then how to sell it in future?

Odd Lot Market

 

[lzydata]

is that a blanket recommendation? so always better to just take the cash than odd lots?

Another question: would you consider reinvestment as a cheap or good way to do dollar cost averaging? I dont watch the market very carefully, but i'm assuming that the price will drop somewhat after each XD, and that the entry for reinvestment is usually at the lower price... Correct me if i'm wrong?

For this round of DRP, MIT based the issue price on a 1% discount to the VWAP of 10 market days prior to BCD, which was 2 May. XD was on 29 Apr, so the VWAP only included 29 and 30 Apr, 2 out of the 10 days. In any case it was not significant because the price did not move much before or after XD.

MIT has always applied a minimal discount so it is practically like buying at the market price. The only real savings is the brokerage commission.

If your MIT investment is already throwing off significant amounts of money, like a few thousand a quarter, then DRP is a good way to do DCA. At that level the odd lot problem is also much less serious. But for smaller investors than that, you should take the cash.