| Latest Forum Topics / Prime US ReitUSD Last:0.16 -- |
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Genting SP Next Move
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marketuncle
Veteran |
21-May-2024 10:56
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MUST swallowed the bitter pill of sponsor-lender loan at 10% effective rate ( 7.25% p.a. Exit Premium of 21.16% on maturity). Can' t expect PRIME to refinance materially any lower. But all the US office REITs are priced at non-going concern. So if any of them can meaninfully deleverage (offloading enough ppty) and refinance for a longer term, the price will be higher than current, albeit still a pale shade of their former selves. | ||||
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piscesmonkey
Supreme |
21-May-2024 10:54
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nice going 140 liao
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MrBear12
Supreme |
21-May-2024 10:43
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Only prolongs the demise of this reit. Who can stand 10 percent interest?
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marketuncle
Veteran |
21-May-2024 10:40
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hope to see good news on refinancing deal. Even at a expected punitive rate of 10% or more is still good. | ||||
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piscesmonkey
Supreme |
21-May-2024 10:36
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nice chiong up liao :p
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piscesmonkey
Supreme |
21-May-2024 10:08
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start to move up soon.
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piscesmonkey
Supreme |
20-May-2024 14:25
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bought at 120. hopefully another 10pips coming :P
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piscesmonkey
Supreme |
17-May-2024 09:24
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Sold off 200lots at 120 bought 2days ago 110👏 | ||||
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TraderBen
Supreme |
17-May-2024 08:26
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not playing this for the time being..maybe will be back in start aug | ||||
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asianguy
Senior |
17-May-2024 08:02
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US Fed officials suggest interest rates should stay high for longerPublished Fri, May 17, 2024 · 07:03 AM
SEVERAL Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they are not in a rush to cut interest rates. Cleveland Fed president Loretta Mester, New York Fed president John Williams and Richmond Fed president Thomas Barkin, speaking separately on Thursday (May 16), argued it may take longer for inflation to reach their 2 per cent target. &ldquo Incoming economic information indicates that it will take longer to gain that confidence,&rdquo Mester said on Thursday during an event in Wooster, Ohio. &ldquo Holding our restrictive stance for longer is prudent at this point as we gain clarity about the path of inflation.&rdquo The Cleveland Fed chief said she expects price growth to cool at a slower pace than last year now that there is less downward pressure from improving supply chains. Mester, who votes on policy decisions this year, is stepping down at the end of June when her term expires. She said policy was well positioned and it was too soon to say progress on inflation had stalled, reiterating comments she made earlier this week. Williams made similar comments in a Reuters interview published on Thursday, saying he doesn&rsquo t see a reason for adjusting monetary policy now. &ldquo I don&rsquo t expect to get that greater confidence that we need to see on the inflation progress towards a 2 per cent goal in the very near term,&rdquo he said. |
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piscesmonkey
Supreme |
16-May-2024 13:23
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Retracement done going up now?
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marketuncle
Veteran |
16-May-2024 13:13
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For those in for a longer term. Comparing MUST and PRIME, both managed to divest but one for their most prime assets. Less attractive ones difficult to offload in current market. The effect interest rate for the latest sponsor-lender loan MUST accepted was a punitive 10%. So can expect PRIME to refinance at similar rate or worse. The impact on DPU and hence share price going forward sure to be very bad. Caution ahead. | ||||
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piscesmonkey
Supreme |
16-May-2024 12:01
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Some retracement is good to go up high later
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biper66
Senior |
16-May-2024 12:00
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bought some @ 11.9c
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piscesmonkey
Supreme |
16-May-2024 11:05
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CPI low will help US reits chiong up high to recover to above 20cents
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tofudidi
Supreme |
16-May-2024 11:04
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yesterday, MT, UG, TG rally.. today REITS, PRIME, MANULIFE, KEPPEL rally... musical chair game.. reality
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tofudidi
Supreme |
16-May-2024 11:02
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hohoho.. 121 now...
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piscesmonkey
Supreme |
16-May-2024 11:02
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Cos prime got good news mah yesterday.
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biper66
Senior |
16-May-2024 10:57
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Lagging is KepPac
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piscesmonkey
Supreme |
16-May-2024 10:51
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119 breakout resistance👏 | ||||
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