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Nearing the next destination
Delvyss ( Date: 06-Sep-2024 18:27) Posted:
Nice break out.
Accumulating for next destination at $1.50.
Delvyss ( Date: 02-Sep-2024 09:13) Posted:
| Couldn't see why the $1.50 is not achievable anytime soon |
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Verge of another big move
The upward trend has just started.
If the first rates cut is 0.5%, there will be bigger room for MTL' s growth.
Intact.
Nice break out.
Accumulating for next destination at $1.50.
Delvyss ( Date: 02-Sep-2024 09:13) Posted:
| Couldn't see why the $1.50 is not achievable anytime soon |
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Can run up a lot further before reaching where it was before the interest rate concerns.
Zip up to 1.38 already?
MLT creeping up for couple of days already
Mark001 ( Date: 04-Sep-2024 10:43) Posted:
The rise of REIT can be expected,it is just a matter of time.
The decline of Banks will depend on the pace of upcoming rate cut.
Delvyss ( Date: 04-Sep-2024 09:04) Posted:
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The rise of REIT can be expected,it is just a matter of time.
The decline of Banks will depend on the pace of upcoming rate cut.
Delvyss ( Date: 04-Sep-2024 09:04) Posted:
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Bank down, Reits up?
Is partly due to China side is having negative rental reversion that is dragging down the NPI and Distribution Income and DPU. If not, you wont be seeing this kind of depressing price!
HVRRVH ( Date: 01-Sep-2024 12:54) Posted:
| 5 years of holding this reit has reduced my holding cost to $1.05 after factor in all the dividends received. I would like to think it has ' survived' the high interest rate onslaught but in reality the ' fight' is far from over. The maket has punished this reit owing to its high gearing and push the price all the way down to below $1.24 at one stage. This is despite it amazing borrowing cost of about 2.7% only. Its gearing has gone up to 39.6% from 38.9% in the half year to Jun 24. DPU wise it has drop slightly only yoy so potentially if the management do something to cut the gearing rate, we could see this reit bounce back fast with the help of overall low global central banks rates and hopefully, weakening Singapore dollar too. Expect to see acquistions again if global central banks rates start to fall. |
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Couldn't see why the $1.50 is not achievable anytime soon
an upward trend on the way.
HVRRVH ( Date: 01-Sep-2024 12:54) Posted:
| 5 years of holding this reit has reduced my holding cost to $1.05 after factor in all the dividends received. I would like to think it has ' survived' the high interest rate onslaught but in reality the ' fight' is far from over. The maket has punished this reit owing to its high gearing and push the price all the way down to below $1.24 at one stage. This is despite it amazing borrowing cost of about 2.7% only. Its gearing has gone up to 39.6% from 38.9% in the half year to Jun 24. DPU wise it has drop slightly only yoy so potentially if the management do something to cut the gearing rate, we could see this reit bounce back fast with the help of overall low global central banks rates and hopefully, weakening Singapore dollar too. Expect to see acquistions again if global central banks rates start to fall. |
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5 years of holding this reit has reduced my holding cost to $1.05 after factor in all the dividends received. I would like to think it has ' survived' the high interest rate onslaught but in reality the ' fight' is far from over. The maket has punished this reit owing to its high gearing and push the price all the way down to below $1.24 at one stage. This is despite it amazing borrowing cost of about 2.7% only. Its gearing has gone up to 39.6% from 38.9% in the half year to Jun 24. DPU wise it has drop slightly only yoy so potentially if the management do something to cut the gearing rate, we could see this reit bounce back fast with the help of overall low global central banks rates and hopefully, weakening Singapore dollar too. Expect to see acquistions again if global central banks rates start to fall.
" dividend yield close to 5 year high"
https://www.gurufocus.com/term/yield/SGX:M44U#:~:text=As%20of%20today%20(2024%2D08,close%20to%2010%2Dyear%20high.& text=During%20the%20past%2013%20years,Mapletree%20Logistics%20Trust%20was%207.39%25.Joelton ( Date: 26-Aug-2024 09:50) Posted:
Mapletree Logistics Trust
On Aug 19, Mapletree Logistics Trust Management independent non-executive director Lim Joo Boon acquired 200,000 units of Mapletree Logistics Trust at S$1.29 per unit. This increased his direct interest in the Apac-focused logistics Reit to 308,659 units.
Lim is an Adjunct Associate Professor at the National University of Singapore Business School and acts as an adviser to the OWW II Private Equity Fund. He began his career with Accenture in 1978, where he held various senior leadership positions in both Accenture Singapore and the Asia-Pacific region.
On Jul 25, the manager of Mapletree Logistics Trust reported that its gross revenue for the first quarter of FY2025 (ended Jun 30, 2024) declined by 0.3 per cent from Q1 FY2024 to S$181.7 million, due to weaker performance in China, an absence of revenue from divested properties, and currency depreciation of the Japanese yen and Chinese yuan.
The manager noted that this was mitigated by higher contributions from properties in Singapore and Hong Kong, and acquisitions completed in Q1 FY2025 and FY2024. While Q1 FY2025 net property income (NPI) fell 0.9 per cent from Q1 FY2024 to S$156.7 million, on a constant currency basis, revenue and NPI would have grown by 2.1 per cent and 1.3 per cent, respectively.
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Mapletree Logistics Trust
On Aug 19, Mapletree Logistics Trust Management independent non-executive director Lim Joo Boon acquired 200,000 units of Mapletree Logistics Trust at S$1.29 per unit. This increased his direct interest in the Apac-focused logistics Reit to 308,659 units.
Lim is an Adjunct Associate Professor at the National University of Singapore Business School and acts as an adviser to the OWW II Private Equity Fund. He began his career with Accenture in 1978, where he held various senior leadership positions in both Accenture Singapore and the Asia-Pacific region.
On Jul 25, the manager of Mapletree Logistics Trust reported that its gross revenue for the first quarter of FY2025 (ended Jun 30, 2024) declined by 0.3 per cent from Q1 FY2024 to S$181.7 million, due to weaker performance in China, an absence of revenue from divested properties, and currency depreciation of the Japanese yen and Chinese yuan.
The manager noted that this was mitigated by higher contributions from properties in Singapore and Hong Kong, and acquisitions completed in Q1 FY2025 and FY2024. While Q1 FY2025 net property income (NPI) fell 0.9 per cent from Q1 FY2024 to S$156.7 million, on a constant currency basis, revenue and NPI would have grown by 2.1 per cent and 1.3 per cent, respectively.
My guess is 1.5 + if there is no regional war in the Middle East.
spore1 ( Date: 25-Aug-2024 12:24) Posted:
Fed meeting 17-18 September, I think price likely rise back to 1.45 - 1.50.
Delvyss ( Date: 23-Aug 22:54) Posted:
| Let' s hope next week will see a follow-thru with the next leg of big move for Reits (subject to no unforseen circumsetances from Fed). |
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Agree. A good prospect of rising back to 1.45 - 1.50.
spore1 ( Date: 25-Aug-2024 12:24) Posted:
Fed meeting 17-18 September, I think price likely rise back to 1.45 - 1.50.
Delvyss ( Date: 23-Aug 22:54) Posted:
| Let' s hope next week will see a follow-thru with the next leg of big move for Reits (subject to no unforseen circumsetances from Fed). |
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