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Mapletree Ind Tr
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MAPLETREE Industrial Trust (MIT)
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john_ric
Supreme |
23-Jun-2020 13:44
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Private placement at 2.732sgd   |
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cucina
Master |
20-Jun-2020 13:54
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This news already known before n sell on news may take place now.   Ran up too much n may slide slowly towards results date.  
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Sunmoonstar
Member |
20-Jun-2020 13:46
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22nd Jun Monday MIT (ME8U) will be joining STI and SPH out. |
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Sunmoonstar
Member |
14-Jun-2020 10:34
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Look at charts of the five, only Mapletree Log Tr M44u go back to the hill top now, others four still at the hill sloop, which is better you decide. | ||
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marubozu1688
Master |
12-Jun-2020 21:54
Yells: "Be humble in front of Mr. Market." |
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MIT is one of the 5 strongest REITS in Singapore now. https://mystocksinvesting.com/singapore-reits/5-singapore-reits-which-trade-above-200d-sma/ |
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Joelton
Supreme |
05-Jun-2020 08:28
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Mapletree Industrial Trust to replace SPH in STI SINGAPORE - Mapletree Industrial Trust has replaced Singapore Press Holdings (SPH) in the Straits Times Index (STI) after the June quarterly review, FTSE Russell announced on Thursday (June 4). The STI reserve list, comprising the five highest-ranking non-constituents of the STI by market capitalisation, will be  Keppel DC Real estate investment trust (Reit), Suntec Reit, NetLink NBN Trust, Frasers Logistics & Industrial Trust and Keppel Reit. Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. FTSE Russell has partnered with SPH, publisher of The Straits Times newspaper (ST), and Singapore Exchange (SGX) to jointly calculate Singapore' s main stock market benchmark. The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of financial products including exchange traded funds, warrants, futures and other derivatives. FTSE Russell is the index administrator.  
 
An SPH spokesman said: " The global economy, including Singapore, has been battered by the Covid-19 pandemic. SPH has not been spared in this challenging business environment.  
" However, we have a resilient balance sheet to weather the impact from Covid-19. We will continue to transform the media business with digital innovations and grow our recurring income as well as diversify our revenue streams. " We also review our existing businesses and investments regularly with a view to recycling capital and enhancing capital management with the aim of delivering sustainable shareholder returns." All changes from this review take effect  from the start of trading on June 22. The next review will be in September. The indexes are reviewed quarterly in accordance with the index ground rules and to facilitate the inclusion of eligible initial public offering  stocks.   The FTSE ST methodology ensures that the indexes accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products. https://www.straitstimes.com/business/companies-markets/mapletree-industrial-trust-replaces-sph-in-straits-times-index#:~:text=SINGAPORE%20%2D%20Mapletree%20Industrial%20Trust%20has,on%20Thursday%20(June%204). |
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hobbes12
Senior |
04-Jun-2020 21:44
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The next 5 counters in the STI reserve list are also reits...so borring.
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yehyeh
Senior |
04-Jun-2020 21:39
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Soon our sti component all are reits.... business can' t perform..only reits... |
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iluvgambling
Master |
04-Jun-2020 21:31
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10% ? if it hits that level, can short right ? just like when the stock taken out of STI , it will cheong down and action to take is long. lol SATS, sembcorp ind are recent examples. | ||
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hobbes12
Senior |
04-Jun-2020 20:24
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How much will this counter go up because of being added to the STI? | ||
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Goldfinger
Supreme |
04-Jun-2020 20:21
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Congrats to the newest STI constiuent stock - MINT can now mint more Gold. | ||
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Laurenpanna
Veteran |
02-Jun-2020 15:05
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any idea why stock keep dropping for this? | ||
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Joelton
Supreme |
29-Apr-2020 10:02
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Broker' s take: DBS says Mapletree Industrial Trust becoming ' alternative data centre play'TUE, APR 28, 2020 - 2:43 PM DBS Group Research on Tuesday said Mapletree Industrial Trust (MIT) is fast becoming an alternative data centre play and has ample capacity for strategic acquisitions in the US. It maintained its " buy" call on the real estate investment trust (Reit) with a target price of S$2.70. MIT units were up S$0.03 or 1.2 per cent to S$2.47 as at 2.15pm on Tuesday. It noted MIT&rsquo s manager has proactively offered its tenants a rental relief package, ranging from two weeks to one-and-a-half months of rent - in line with market practice. Additionally, the manager has turned cautious in the face of an economic recession. That said,  MIT' s asset diversity and contributions from its recently acquired portfolio of 13 US data centres should push distributions higher, DBS added. Meanwhile, MIT could " surprise on the upside" in terms of net asset value (NAV) and acquisitions in the medium term, DBS opined. The development of its landbank of older factories like the Kolam Ayer cluster should help to increase the gross floor area of its portfolio and drive medium-term growth in distributions and NAV. " These should continue to keep valuations at a premium," DBS analysts said. At the same time, MIT' s low gearing allows for opportunistic acquisitions and developments. Gearing is projected to rise to about 33 per cent in FY2021/2022, which implies the manager may look to restart its dividend reinvestment scheme to pare it down over time, DBS said. Better-than-expected rental reversions and/or acquisitions would boost MIT' s earnings and share price while potential rising interest rates would be a key risk for the Reit. However, MIT has minimised the impact of increased interest rates as about 73 per cent of its interest cost is fixed, DBS said.  https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-says-mapletree-industrial-trust-becoming-alternative-data-centre |
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Joelton
Supreme |
28-Apr-2020 10:16
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MIT' s DPU at 2.85 Singapore cents for Q4, down 7.5% MON, APR 27, 2020 - 10:40 PM MAPLETREE Industrial Trust&rsquo s (MIT) distribution per unit (DPU) stood at 2.85 Singapore cents for the fourth quarter ended March 31, down 7.5 per cent from 3.08 cents a year ago. Distributable income rose 15.4 per cent to S$69.15 million, while gross revenue rose 3 per cent to S$101.8 million. Net property income increased 3.2 per cent to S$78.26 million for the fourth quarter. This comes as the group decided that in view of the uncertainty from the Covid-19 pandemic, tax-exempt income (distributions relating to joint ventures) amounting to S$6.6 million, equivalent to distribution per unit of 0.30 cent, would be withheld in the fourth quarter for MIT and its wholly-owned subsidiaries to have greater flexibility in cash management. Had the tax-exempt income distributions been included, the distribution per unit for Q4 would have been 3.15 cents. For the full year, MIT&rsquo s DPU ticked up 0.7 per cent to 12.24 Singapore cents. Meanwhile, gross revenue and net property income for FY19/20 grew 7.9 per cent and 10.5 per cent year on year to S$405.86 million and S$318.07 million respectively. This was primarily attributed to the higher contributions from 18 Tai Seng, 30A Kallang Place, 7 Tai Seng Drive and Mapletree Sunview 1. Distributable income for FY19/20 rose 14.5 per cent year on year to S$265.34 million. The improved performance was mainly due to higher net property income, interest income and contributions from the newly acquired 13 data centres in North America held under Mapletree Rosewood Data Centre Trust, a 50:50 joint venture between MIT and Mapletree Investments. Unitholders can expect to receive their quarterly DPU for the Jan 1 to March 31 period on June 4.  In a commentary on its business outlook, MIT&rsquo s trust manager revealed that about 55 per cent of its Singapore portfolio, or 45 per cent of the overall portfolio, are small and medium-sized enterprise (SME) tenants. If the pandemic drags on, these tenants may seek relief under the Covid-19 (Temporary Measures) Act, said MIT. This Act provides temporary relief from legal action for a prescribed period of six months, for court or insolvency proceedings or termination of leases of non-residential properties, for businesses or individuals who are unable to fulfill their contractual obligations due to the Covid-19 pandemic. As at March 31, the rental arrears ratio remained stable at 0.2 per cent of the previous 12 months&rsquo gross revenue. However, this ratio will increase if more of these SME tenants seek the temporary relief under the Act, said MIT&rsquo s trust manager. &ldquo There is no visibility when this pandemic will be over, nor the recovery outlook after it is over. Also, presently it is difficult to reasonably assess the cash flow impact of the Act on MIT,&rdquo said the trust manager. The manager said that it will be in the interest of the unitholders to prudently withhold the tax-exempt income of S$6.6 million relating to the distributions declared by joint ventures from the Q4 FY19/20 distribution. As for its assets abroad, all MIT&rsquo s 27 data centres in North America continue operations during this period. The trust manager maintained that its large, diversified tenant base with low dependence on any single tenant or trade sector will continue to underpin its portfolio resilience. In addition, the long leases with &ldquo high-quality tenants&rdquo in MIT&rsquo s data centres in Singapore and North America, comprising about 31.6 per cent of the MIT portfolio by assets under management, should contribute to the portfolio resilience, said the trust manager. As at March 31, there were no loans maturing in FY20/21. The counter closed at S$2.44 on Monday, up six cents, before the results were announced. https://www.businesstimes.com.sg/companies-markets/mits-dpu-at-285-singapore-cents-for-q4-down-75 |
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chengwh1
Elite |
01-Apr-2020 12:25
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Tks bro,... but why would MINT need to refund security deposits back to tenants ? There has been no issue with industrial tenants, nothing heard so far.
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johnng
Supreme |
01-Apr-2020 11:37
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CHIONG ARH!!! | ||
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john_ric
Supreme |
26-Mar-2020 14:12
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you heard about this? " Mapletree Industrial is having some problem . Delay in refunding security deposits back to tenants."   |
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johnng
Supreme |
19-Mar-2020 20:47
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Drop again...ohh my | ||
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johnng
Supreme |
18-Mar-2020 11:32
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Good season to accumulate quality stocks on market weaknes...Attractive yield | ||
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Goldfinger
Supreme |
05-Mar-2020 16:39
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Incredible - this one soaring like it strike oil or strike TOTO first prize or something.  Sold some of my holding recently, and now regret regret. But, luckly still holding onto the majority and bulk bought around SGD1.30.   Anyone with a theory please to share. | ||
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