| 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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SmallSmall
Supreme |
07-Nov-2023 15:13
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Not too long ago this was $0.20. Now every scrambling for shares to ride the uptrend
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SmallSmall
Supreme |
07-Nov-2023 15:09
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Manulife Part 2 | ||
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graham73
Member |
07-Nov-2023 14:56
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20cts is critical level for Prime.
Above that, each pip is 0.5cts movement |
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Fallingman
Senior |
06-Nov-2023 21:02
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if manulife hits 0.1, prime can go double at 0.2, while oak will go above 0.3. Relativity =) | ||
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Sgvale
Supreme |
06-Nov-2023 20:48
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More to run to 0.20 | ||
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Fallingman
Senior |
06-Nov-2023 20:18
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Nice run up today. Looking forward to a sustained run this week. | ||
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marketuncle
Veteran |
06-Nov-2023 15:01
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yes, though 3 separate REITs, the one to watch is MUST... can survive till 2025 is already miracle and the rest will follow.
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Casilb
Master |
06-Nov-2023 12:44
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here so quiet all went to manu hahhhaha anyways reports tmr | ||
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eddyeddy
Master |
29-Oct-2023 10:28
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Chapter 11 soon ? | ||
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Nippon72
Veteran |
29-Oct-2023 09:53
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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Sound like a plan. Never say never if there is synergy between both. Vested in Prime for a short term punt. Whether to hold for long term will depend on the US office market? Hopefully DPU % returns can sustain my patience till then.
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graham73
Member |
27-Oct-2023 16:44
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Only way to survive, is to merge Prime with KORE, fortify balance sheets.
https://www.kepcorp.com/en/file/investors/annual-general-meeting/2021/egm/gcat-minutes-of-egm-9-december-2021.pdf |
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Casilb
Master |
27-Oct-2023 16:39
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0.087 liao lol | ||
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marketuncle
Veteran |
26-Oct-2023 13:39
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yah, at this juncture, forget about strategy for growth... anyone that can survive till 2025 is good enough. | ||
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graham73
Member |
26-Oct-2023 13:28
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MarketUncle - interesting that the KORE deck show business comparison among KORE-MUST-Prime in slides 18-21 https://www.koreusreit.com/file/downloads/2023/decoding-kore-s-strategy-to-navigate-the-volatile-us-market-19-oct-2023.pdf |
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marketuncle
Veteran |
26-Oct-2023 11:16
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forget to attach link https://www.koreusreit.com/file/downloads/2023/decoding-kore-s-strategy-to-navigate-the-volatile-us-market-19-oct-2023.pdf |
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marketuncle
Veteran |
26-Oct-2023 10:48
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I' m vested in all 3 now (started with KORE but over the time, bottom feeding to picked up the rest) and the following KORE report provided the best info on their divergence in prices and risk (see page 18 onwards). on the 9.8% shareholding, it apply to all US reits (not just office ones) to avoid the US withhold tax. |
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graham73
Member |
26-Oct-2023 10:34
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There are 3 US Office REITS listed on SGX (Manulife US Reits, Prime US Reits, KepOak US Reits). They are often viewed to be in similar basket as they invest in US office reits (which are currently under severe financial pressure). Key difference amongst them is that MUST sponsor Manulife hands are tied, it cannot increase shareholding above 9.8% (avoid paying 30% US withholding tax). KepOak is now the strongest one (among the 3), due to relatively lower gearing and backed by strong sponsor Keppel. Prime is in the middle. Manulife seems to have found a baseline at US 5 cts. One thing MUST management has been doing is to keep investors updated on how they are trying to turn-around. They update investors once every 2 months. Someone even made a video, based on MUST annoucements https://www.youtube.com/watch?v=SMNdKz0NJA8 This is corporate governance and accountability, expected of public listed companies. On the other hand, Prime management has done almost nothing to update its investors. This sheds very bad light on Prime management and Board (what are they doing, at all?) Prime CEO (Harmeet Singh Bedi) and the CFO need to provide a clear rescue plan to its investors. Otherwise the Prime Board (and the sponsor KBS Asia Partners) should replace the management with a more competent team - that works to protect unit-holders (who pay their salaries). https://www.primeusreit.com/bod.html |
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graham73
Member |
25-Oct-2023 11:03
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Talonn - you can refer to latest Top Shareholders info on Prime US reits from Market Screener https://www.marketscreener.com/quote/stock/PRIME-US-REIT-64310997/company/ Temasek + Keppel + Cuscaden collectively own > 20% |
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talonn
Member |
24-Oct-2023 14:22
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Are Temasek and Keppel still vested in this ticker? | ||
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graham73
Member |
24-Oct-2023 11:02
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Prime US Reit technicals extremely weak.
Looks set to break below US$0.10 soon. |
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