tag:blogger.com,1999:blog-7944902213075756335.post6111047653117722824..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Saizen REIT: Rewarding patient investors.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-7944902213075756335.post-85100794697013092792014-06-09T12:17:22.027+08:002014-06-09T12:17:22.027+08:00Hi raf,
I agree that there are many more opportun...Hi raf,<br /><br />I agree that there are many more opportunities available outside Singapore. This frog is also trying to migrate from a small well to a bigger well. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32818255088652781242014-06-09T10:29:28.277+08:002014-06-09T10:29:28.277+08:00Interesting discussion. When investing in reits wi...Interesting discussion. When investing in reits with foreign assets it is obviously important to consider forex effects. One other factor which also merits attention is the question of diversification. Should it not be considered a plus that by exposure to foreign assets and currencies (in stable countries)we avoid the risk of putting all eggs in one basket (spore).... unless we think of spore asrafhttps://www.blogger.com/profile/00866036023081691193noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86356655142581928892014-06-08T23:11:22.805+08:002014-06-08T23:11:22.805+08:00Hi Casey,
Thanks for sharing your thoughts on MGC...Hi Casey,<br /><br />Thanks for sharing your thoughts on MGCCT. I think I might put it on my watch list now. ;)<br /><br />I agree that MGCCT at current price seems like a fair proposition. So, being me, I will probably wait a bit to see if Mr. Market is willing to offer a lower price to perhaps offer a prospective distribution yield of 8%.<br /><br />8% was also the distribution yield that I AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52026368762818457062014-06-08T21:12:41.298+08:002014-06-08T21:12:41.298+08:00Hi Ak,
Thanks for the advice.
There is no build...Hi Ak,<br /><br />Thanks for the advice. <br /><br />There is no build-in rental escalation, however, I am not particularly like the idea, unless it is CPI linked like the Preits. The build-in escalation like the one in FR and Cache is more of disadvantage to me as it is likely to be below the CPI.<br /><br />The rental revision for festive walk would likely to be robust at 15-20%, however the Caseyhttps://www.blogger.com/profile/00669760759873565393noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72792653158043245652014-06-08T14:10:25.632+08:002014-06-08T14:10:25.632+08:00Hi Casey,
I will say that a preliminary look at t...Hi Casey,<br /><br />I will say that a preliminary look at the numbers shows that MGCCT is a fairly good investment at the current price.<br /><br />When we invest for income, we have to ask where the income is coming from and whether it is sustainable.<br /><br />For people who invest in REITs, the question of sustainability should be put on a pedestal. <br /><br />I am not familiar with MGCCT. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74226975162572923962014-06-08T06:30:37.946+08:002014-06-08T06:30:37.946+08:00Thanks AK.
The Festive Walk is consistently impro...Thanks AK.<br /><br />The Festive Walk is consistently improving its position to become one of the top malls in HK, unlike others, its location as a regional mall at Kowloon Tong is strengthening even further as it is tapping its competitive advantage in its location, reflected in the robust improvement in the number of visitors follows its repositioning to attracts more higher end tourist from Caseyhttps://www.blogger.com/profile/00669760759873565393noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55396026860849076632014-06-07T22:23:53.083+08:002014-06-07T22:23:53.083+08:00Hi Casey,
I am not familiar with MGCCT but after ...Hi Casey,<br /><br />I am not familiar with MGCCT but after taking a quick look at the numbers, it seems that its slightly lower gearing now as compared to what it was at IPO is due to revaluation of its properties upwards. <br /><br />Still, at 38%, gearing is pretty high. This suggests to me that to grow DPU further, the Trust will have to gun for positive rental reversions. If the Trust shouldAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37014415910776929832014-06-07T17:41:42.470+08:002014-06-07T17:41:42.470+08:00Hi Ak71,
Wonder if you consider investing in Mapl...Hi Ak71,<br /><br />Wonder if you consider investing in Mapletree greater china commercial trust. while I am heavily invested in Saizen, i found that the MGCCT is equally attractive. The asset value is improving due to robust rental revision, where the gearing level is predicted to drop further. The yield is equally attractive at 7.2% and probably quite sustainable at least for the next 3 years. Caseyhttps://www.blogger.com/profile/00669760759873565393noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48956190694745200592014-05-30T11:28:18.937+08:002014-05-30T11:28:18.937+08:00Hi Banzai,
I am going to direct you to an online ...Hi Banzai,<br /><br />I am going to direct you to an online resource which I believe you will love: Investopedia. :)<br /><br />To start you off is one article on Rights Issues:<br />http://www.investopedia.com/articles/stocks/05/062905.asp<br /><br />And here is one on Warrants:<br />http://www.investopedia.com/terms/w/warrant.asp<br /><br />Happy reading. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43975977121681783862014-05-30T10:32:39.018+08:002014-05-30T10:32:39.018+08:00Hi AK,
I am a complete newbie when it comes to in...Hi AK,<br /><br />I am a complete newbie when it comes to investment in stocks. Would really appreciate if you could blog about what rights issues, warrants, conditional/unconditional offers for stocks. <br />I am completely lost when I am offered the above and don't really know what I should do.<br /><br />Thank you so much and I have realy learned a lot from you about investment in reits Banzaihttps://www.blogger.com/profile/13566551106971557828noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72961298735337494752014-05-28T13:30:11.969+08:002014-05-28T13:30:11.969+08:00Hi Simple Boy,
I will do a blog post on this topi...Hi Simple Boy,<br /><br />I will do a blog post on this topic this evening. Look out for it. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26610016274152116442014-05-27T23:12:54.832+08:002014-05-27T23:12:54.832+08:00Hi AK
I a newbie investor. Just want to check on ...Hi AK<br /><br />I a newbie investor. Just want to check on your thoughts on the yield. You mentioned divest when yield is no longer attractive. Saizen yield seems to be around 6.7% for 2013. My working as follows :<br /><br />Period : Distribution per unit (cents)<br /><br />1 July 2013 - 31 December 2013 : 3.25 cts<br />1 January 2013 - 30 June 2013 : 0.63 cts <br /><br />Total DPU = (0.63 x 5 Simple boyhttps://www.blogger.com/profile/08727522948238539316noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69426693828049112962014-05-27T21:46:11.796+08:002014-05-27T21:46:11.796+08:00Hi raf,
I did an estimate in an earlier blog post...Hi raf,<br /><br />I did an estimate in an earlier blog post:<br /><br />"The REIT will be hedging exchange rate risk again for the next six months but will employ a range this time. S$12.20 to S$13.12 : JPY1,000. Everything else remaining equal, it means that we could see DPU 6 months later either declining by 1% or rising by as much as 6.5% in S$ terms." <br /><br />See: http://AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64599114483532304642014-05-27T17:52:37.598+08:002014-05-27T17:52:37.598+08:00Hi AK
Would appreciate your estimate of Saizen'...Hi AK<br />Would appreciate your estimate of Saizen's DPU for six months ending June 2014.rafhttps://www.blogger.com/profile/00866036023081691193noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62039045751420876052014-05-27T12:36:00.996+08:002014-05-27T12:36:00.996+08:00Hi Steven,
Oh my. Why is everyone interested in m...Hi Steven,<br /><br />Oh my. Why is everyone interested in my bowling ball? Maybe, I should put it up for auction. -.-"<br /><br />As for that review, I am actually quite interested in what people might say about my presentation. It will help me decide whether this is something I should consider doing again in future. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47465884290047822752014-05-27T10:12:20.322+08:002014-05-27T10:12:20.322+08:00Hi AK,
You should do a personal review on your sp...Hi AK,<br /><br />You should do a personal review on your speech :) So we know what is going on in that bowling ball...<br /><br />Generic questions are always replied with generic answers, correct? lol.<br /><br />Your answers are as always, very enlightening. Yield sounds like a very good way to gauge, its a very fluid value. Very simple and easy to understand. <br /><br />Will remember this, Stevenhttps://www.blogger.com/profile/04619123958067333573noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61729540711905129802014-05-27T09:57:38.290+08:002014-05-27T09:57:38.290+08:00Hi Steven,
Instead of a generic question "At...Hi Steven,<br /><br />Instead of a generic question "At what price would you sell?", you have cornered me with this question. Thumbs up! :)<br /><br />Actually, you have provided the answer in your question. Investing in Saizen REIT is for income. So, when would we divest? When we feel that the yield is no longer attractive. ;)<br /><br />Distribution yield is a function of DPU and unitAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68070969716558435872014-05-27T09:30:23.042+08:002014-05-27T09:30:23.042+08:00Hi AK,
Congrats and look forward to your first pu...Hi AK,<br /><br />Congrats and look forward to your first public appearance and speech soon :) Although i wouldnt be there...but i am sure i will be able to read you blogging on it soon.<br /><br />Quoted from your article, <br />"However, with its current NAV/unit at $1.17, even at the high of 98c a unit touched today, Saizen REIT's units still look inexpensive."<br /><br />At Stevenhttps://www.blogger.com/profile/04619123958067333573noreply@blogger.com