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Mapletree s China-focused REIT IPO nearly 30 times
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bystander1965
Supreme |
29-Dec-2021 13:11
Yells: "What I say is just my assessment. DYODD" |
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That' s just me. I could be biased because I never liked SG-only reits. (such as CICT or CMT/CCT before that but even CICT is now buying properties outside SG?) | |||||||||
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bystander1965
Supreme |
29-Dec-2021 13:09
Yells: "What I say is just my assessment. DYODD" |
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2nd half of 2019, MNAC was hit by HK riot and damages at Festival Walk. 2020/2021 of course the pandemic. So to compare MCT and MNAC, one must go back to 2018 and earlier. And it can be seen clearly MNAC was faring slightly better and growing faster. MCT is stable but I think MNAC was the one going places before covid. |
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eEconomist
Member |
29-Dec-2021 13:05
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I doubt so. Yes there were increase and volume and price, but these 2 were insignificant. Price was around 1.04 and moved to 1.1. That is around 6% increase. Not alot. Besides, NAC has been around $1 to $1.1 range for almpost the whole of 2021 (minus off the few days of Omicron fear). Also volume increase, but that is not alot also. Even if we assume this is the case of insider for MNAC, then why suspend MCT?
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Jamesbond007
Veteran |
29-Dec-2021 12:18
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I suspect that the proposed merger would be called off if therewas indeed a leakage of the news before the announcements. | |||||||||
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JustOnce
Member |
29-Dec-2021 11:41
Yells: "Learning to invest" |
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I read on hardwarezone forum that one of the rumoured reason for the delay in the announcement is the trading activities of NAC in last few days leading up to trading halt the rumour implies insider trading, or at least some news were leaked leading to small NAC rally. | |||||||||
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pkli899
Supreme |
29-Dec-2021 11:28
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I' m in same position as u. Only own MCT and also see it as much better. The one benefit to me is just size. So as to compete with Capitaland
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JustOnce
Member |
29-Dec-2021 10:57
Yells: "Learning to invest" |
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Agree, any M& A involves many " bang table" sessions. I am only vested in MCT - I think its good for NAC but I don' t think its good deal for MCT but I could be wrong, I have not done all the numbers, but purely looking at the results of both REITS (their last annual report ending 31 March 2021). MCT seems to be doing much better.
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Lobster
Elite |
29-Dec-2021 10:46
Yells: "Even Adam Khoo believes in the Black Market!" |
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What I meant is no final agreement yet. This kind of thing needs a lot of banging of the meeting tables, if indeed it is a merger. Assuming what the uncles " speculate " is true, and NAC people will be benefiting from the deal, MCT doesn' t want to be seen as " over give " , since it has to go before shareholders approval. vested in both. Pdyohwadfmb
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JustOnce
Member |
29-Dec-2021 08:35
Yells: "Learning to invest" |
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I would doubt they will issue trading halt when no decision is made, probably being made at the highest level.
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Lobster
Elite |
29-Dec-2021 01:07
Yells: "Even Adam Khoo believes in the Black Market!" |
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According to insiders staff, meeting still going on and no decision made, let alone the details of any proposal. Because none of them were asked to prepare anything. Maybe it' s the lawyers who would be drafting?..... so I don' t know how or where the uncles got any info. Maybe they anyhow guess, but you can see don' t how many times they guess correctly..... I better not say any more things or else the HWZ guy will whatsapp Kelvin Lim..... | |||||||||
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PhillipTan
Supreme |
28-Dec-2021 19:54
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Mapletree North Asia Commercial Trust, Mapletree Commercial Trust simultaneously request for trading haltMapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust (MCT) have simultaneously requested for a trading halt on Tuesday morning (Dec 28), pending undisclosed announcement.The Edge Singapore has reached out to both REITs for more information regarding the announcement. MNACT has declined to comment. Both REITs' assets consist of mainly retail, office and commercial properties. MNACT' s portfolio consists of properties across China, Hong Kong, Japan and South Korea, while MCT' s portfolio comprises five properties in Singapore. In contrast, the assets of the other two Mapletree REITs - Mapletree Industrial Trust and Mapletree Logistics Trust mainly consist of warehouses and factories, as well as data centres. There have been a number of REITs that have merged over the past few years - the most notable mergers include the merger of OUE Commercial REIT and OUE Hospitality Trust' s merger in 2019 as well as the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust last year. As at Sept 30, the net asset value (NAV) per unit for MNACT was $1.26 while the NAV per unit for MCT was $1.72. They last traded at $1.11 and $2. |
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Starship
Supreme |
28-Dec-2021 18:20
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Uncles laughing bcos they can already see their Giant Lobster Dinner with their giant profits!!!!!   
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bystander1965
Supreme |
28-Dec-2021 17:11
Yells: "What I say is just my assessment. DYODD" |
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Then it looks like MCT taking over MNAC. Logical if that' s the case. That combined entity can now rival CICT for size. | |||||||||
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Lobster
Elite |
28-Dec-2021 17:02
Yells: "Even Adam Khoo believes in the Black Market!" |
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Seem like NAC people will be in for a good deal, cash considerations plus free loaders.but please hor these are coffee shops views not insiders. And I don' t know if the uncles were serious, as they were laughing as they sipped their coffee. Got to emphasise this because one bugger in HWZ wants to report any insiders hints to the authorities...very scary.... | |||||||||
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bystander1965
Supreme |
28-Dec-2021 14:04
Yells: "What I say is just my assessment. DYODD" |
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Ya. It was FCT in the reserve.
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cavdinsg
Member |
28-Dec-2021 13:32
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MCT is already a STI constituent so if they merge the merged entity would just have a higher weighting.
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bystander1965
Supreme |
28-Dec-2021 13:26
Yells: "What I say is just my assessment. DYODD" |
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Ok FCT is already in there. Combined then they will first in the reserve list, moving Olam (how can this guy be there simply based on market cap).
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bystander1965
Supreme |
28-Dec-2021 13:23
Yells: "What I say is just my assessment. DYODD" |
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So if they really merge, total market cap will be over 10b? Can queue for a STI reserve spot.  Speculation, speculation. |
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subaru
Senior |
28-Dec-2021 13:13
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MCT is the bigger brother, mkt cap is close to 2 times bigger, P/B is higher (> 1) while MNACT' s P/B is < 1. D/A is 33.7% vs 41.4%. Would be interesting to see the math of merging.
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pkli899
Supreme |
28-Dec-2021 12:38
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Another instant showing your news accurate. Give u 2 
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