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Happened to many counters. End of month portfolio adjustment by funds. Capitaland investment kana too.. nothing significant
matching eat up all 1.11, 4.59 pm that time was 1.08
wats brewing sial
wats brewing sial
Everybody hopes to buy at $1 or lower. lol
WaterTiger1808 ( Date: 27-Nov-2023 15:00) Posted:
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52 week low is $1.00. When drop to below $1.10, always a lot of buyers
At this price? looks interesting for a punt..
Dyodd. Set yr lower limit to exit should it not work well too just in case.. :)
Xmas rally ..
Dyodd. Set yr lower limit to exit should it not work well too just in case.. :)
Xmas rally ..
For the week of 30 Oct , this stock was top 10 institution net buy. Next week, we shall see if this stock still remains as top buy.
it should short covering... interest rate still don't forget
Secret_Squirrel ( Date: 03-Nov-2023 15:29) Posted:
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One of the lowest geared REITs. Surprising that their share price has fallen at a similar rate to much more highly indebted peers.
They have an opportunity to take advantage of this by making DPU accretive acquisitions. Alternatively they should be buying back shares. Either way this would rapidly push up DPU, as would a normalisation of SGDAUD.
They have an opportunity to take advantage of this by making DPU accretive acquisitions. Alternatively they should be buying back shares. Either way this would rapidly push up DPU, as would a normalisation of SGDAUD.
Next week, can check SGX website to see who is buying, retail or institution.
FLCT&rsquo s H2 DPU down 6.6% to S$0.0352 on lower income, higher expenses
FRASERS Logistics & Commercial Trust : BUOU +4.81% (FLCT) posted a distribution per unit (DPU) of S$0.0352 for the second half ended September, down 6.6 per cent from S$0.0377 in H2 FY2022.
This was mainly due to lower income and higher expenses compared to the year prior, said the real estate investment trust&rsquo s (Reit) manager on Thursday (Nov 2).
FLCT&rsquo s revenue for H2 fell 0.8 per cent on the year to S$212.8 million from S$214.5 million previously.
Net property income was down 4.9 per cent to S$157.1 million from S$165.2 million the previous year.
Adjusted net property income &ndash which excludes straight lining adjustments for rental income and adding lease payments of right-of-use assets &ndash was down 4 per cent year on year to S$155.5 million as opposed to S$162.1 million in H2 of FY2022.
The fall across topline figures was mainly attributed to weaker exchange rates of the Australian dollar versus the Singapore dollar, coupled with a decline in revenue and lower average occupancies at Maxis Business Park and 357 Collins Street.
Property operating expenses rose 13 per cent over the half-year period to S$55.7 million from S$49.3 million in H2 FY2022 because of higher energy and utility expenses.
These were however partially offset by the full six-month effect of the acquisition of four properties in Australia in H2 FY2022, as well as a full six-month contribution from the practical completion of the two logistics and industrial properties in the UK.
Finance costs widened 29.7 per cent to S$25 million from S$19.3 million as a result of higher interest rates and additional borrowings drawn.
Resultantly, distributable income for H2 fell 5.8 per cent to S$131.6 million versus S$139.6 million in the previous year.
This brings FLCT&rsquo s DPU for the full year to S$0.0704, representing a 7.6 per cent decline from S$0.0762 in FY2022.
Anthea Lee, chief executive of the manager said: &ldquo Operating in the current economic climate remains challenging, as continued uncertainty around long-term rates and translation impact of our foreign-sourced income placed pressure on FLCT&rsquo s financial performance in FY2023.&rdquo
FLCT&rsquo s portfolio occupancy as at end-September stood at 96 per cent, with a portfolio weighted average lease expiry of 4.3 years.
Net asset value per unit was S$1.17, down from S$1.30 in FY2022.
The Reit&rsquo s aggregate leverage stood at 30.2 per cent, with a weighted average debt maturity of 2.2 years and an interest coverage ratio of 7.1 times.
Looking ahead, the Reit manager said it will maintain its efforts in improving occupancies for FLCT&rsquo s commercial assets. It will also continue to work on cost-optimisation initiatives, while remaining vigilant on the movement of energy prices.
The manager also said it will evaluate appropriate hedging strategies for energy contracts to mitigate the impact on its operating expenses.
Yes I agree with that. Generally speaking the MAS is aiming for FX stability across a basket of currencies over time so short term movements one way should even out over time.
The FX basket is also not dominated by a single currency, so if there is a long term move stronger by one currency it does not also drag the SGD up so much.
The FX basket is also not dominated by a single currency, so if there is a long term move stronger by one currency it does not also drag the SGD up so much.
If FX is the criteria here, then things will be in our favour when the MAS stops tightening. There is talk now that come October 14 mtg, MAS will not do anything to the curve. The SGD may weaken relatively vs the Euro, tho' against the AUD, the SGD is still strong. Don' t know if what I commented is clear.
The ECB has said they will continue to restrict their monetary policy.
The ECB has said they will continue to restrict their monetary policy.
Alignment ( Date: 28-Sep-2023 15:12) Posted:
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What I don' t like this stock is that the volumn is hugely manipulated. Everyday there are 2 to 4 transactions that is > 1million shares. which is about 90% of the daily transaction volumn.
It has fallen a lot - 17% in the last 6 months vs -4% for Ascendas and MIT which I would see as the closest peers.
FX would explain some of this as I mentioned before but probably cannot justify such a big gap in itself.
In fact FLCT geariing is 10% points lower than the other two, so in that sense is the more attractive REIT. Arguably it is undergeared, and so given the share price it should be buying back shares..
FX would explain some of this as I mentioned before but probably cannot justify such a big gap in itself.
In fact FLCT geariing is 10% points lower than the other two, so in that sense is the more attractive REIT. Arguably it is undergeared, and so given the share price it should be buying back shares..
hope is bottoming, scoop a bit.
Think this has been affected by the higher for longer interest rate theme that has hit almost all REITs/business trusts.
As a SGD denominated REIT but with most of its assets in weaker performing currencies, FX has also been a factor.
As a SGD denominated REIT but with most of its assets in weaker performing currencies, FX has also been a factor.
If moons ago, we felt FLCT was a good buy and nothing has changed, then it is now even a better buy. I do not see any reason for the drop unless something we don' t know? Anyone can shed any light?
Vested @ an avg of 1.27, wonder should nibble some down?
Vested @ an avg of 1.27, wonder should nibble some down?
Today close at $1.11..
Hopefully will not drop further.
Bottoming soon ... no bad news to trigger sell down.
From UOB
Yesterday & Today laggard
Yesterday & Today laggard
| Frasers L& C Trust | 15 Sept | UOB Kayhian | $1.15 | $1.56 | Buy |