| Latest Forum Topics / Prime US ReitUSD Last:0.16 -- |
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Prime US Reit SGX debut 19 JUL 2019
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tofudidi
Supreme |
26-Feb-2024 11:18
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Break 140 first. Go back 165 | ||||
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piscesmonkey
Supreme |
26-Feb-2024 11:11
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UOB also bullish alot meat to 45cents 🤑 🤑 🤑
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tofudidi
Supreme |
26-Feb-2024 11:00
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Phillip so bullish on prime? Now 133, a lot of meat to 300 la! | ||||
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tofudidi
Supreme |
26-Feb-2024 10:56
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See can kiss 140 before lunch anot.. hehehe. Panick sell finish soon | ||||
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piscesmonkey
Supreme |
26-Feb-2024 10:55
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@PhillipCapital PRIME US REIT &ndash No breach, but refinancing risks persist Recommendation: BUY (Maintained), Last Done: US$0.132 Target price: S$0.30, Analyst: Darren Chan -FY23 DPU of 2.71 US cts (-58.6% YoY) was below our estimates due to Prime paying only 0.25 US cts in 2H23 (c.10% of 2H23 distribution) to preserve capital for capex needs. Assuming a 100% payout ratio, FY23 DPU of 4.86 US cts would have aligned with our FY23e forecast at 99%. Prime also announced a 1-for-10 bonus issue (c.43% of 2H23 DI), translating to a value of 1.03 US cts, based on a unit price of US$0.103. -The YoY decline in FY23 distributable income (-25%) was due to Prime increasing management fees paid in cash from 20% to 100%, higher interest expense, and lower portfolio occupancy. Excluding the change in management fees paid in cash, distributable income is down 18.9% YoY. Portfolio valuations fell 8.7%, taking gearing to 48.4%, just under the MAS limit of 50%. -Maintain BUY, DDM-TP lowered from US$0.37 to US$0.30 as we roll over our forecasts. FY24e DPU estimate lowered by 77% after factoring in the enlarged share base from the bonus issue, a lower portfolio occupancy, and a payout ratio of 25%. The key risk entails refinancing US$478mn (68% of total) debt under its main credit facility expiring in July 24, though management has expressed confidence in their ability to do so. Prime is now focusing on deleveraging and has set a target to execute US$100mn of deleveraging in 2024. Assuming a 25% payout ratio in FY24e, the current share price implies an FY24e DPU yield of 8%. Prime is currently trading at 0.22x P/NAV. https://www.stocksbnb.com/reports/prime-us-reit-no-breach-but-refinancing-risks-persist/ |
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SmallSmall
Supreme |
26-Feb-2024 10:39
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https://research.uobkayhian.com/content_download.jsp?id=77442& h=e38942fd08ba0de5ff9fcee972ba481f For those interested Prime US REIT (PRIME SP) BUY 2H23: Preserving Capital But Charting A Unique Course Of Action Analysts: Jonathan Koh, CFA Tel: (65) 6590 6620
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tofudidi
Supreme |
26-Feb-2024 09:41
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Next uptrend coming.. hehehe
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piscesmonkey
Supreme |
26-Feb-2024 09:01
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Chiong ah🚀 | ||||
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delsolvtec
Member |
23-Feb-2024 16:12
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Nah, close will be below 12.6
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piscesmonkey
Supreme |
23-Feb-2024 15:57
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Shorting cover soon 🚀 | ||||
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delsolvtec
Member |
23-Feb-2024 15:18
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V astute. But ppl r shorting still.
That buy order could magically , disappear. Anytime.
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Caesar
Master |
23-Feb-2024 14:46
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Maybe it is that 'd' guy waiting from 118 to 120 to pick up his 1500 lots ...
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Caesar
Master |
23-Feb-2024 14:42
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Sure! Wait another 6 months. Although I doubt you would hold that long ...
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piscesmonkey
Supreme |
23-Feb-2024 14:32
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Once cut interest rate this year. All 3 US reits will chiong up liao. | ||||
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Caesar
Master |
23-Feb-2024 14:29
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Low can go lower ... some would say entry below 120 would be even better ... there are big queues waiting from118 to 120 ... genuine buyers or short covering? Make your guess ...
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Caesar
Master |
23-Feb-2024 14:23
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Ya, go go go PRIME
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piscesmonkey
Supreme |
23-Feb-2024 14:22
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Since prime so cheap now. Later chiong up not cheap liao 🤑 🤑 🤑
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Caesar
Master |
23-Feb-2024 14:21
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You are in luck. Someone just bought up everyrhing from 128 to 130. Hopefully they continue to buy all the way to 150. Then you can make away with another USD2K ... haha
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piscesmonkey
Supreme |
23-Feb-2024 14:20
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See going chiong up soon. Buyer start to come.
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Midtermer
Master |
23-Feb-2024 14:18
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I think 130 is still good entry considering the worst is over for now. Let' s watch the closing later. Cheers
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