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161-180 of 846
https://www.tipranks.com/stocks/sg:m44u/forecast
https://sginvestors.io/sgx/reit/m44u-mapletree-log-tr/target-price
" ..... median target price of SGD 1.655 and an average target price of SGD 1.590."
" ..... median target price of SGD 1.655 and an average target price of SGD 1.590."
Reits like treading backwards.
Rate direction still hanging in the air?
Rate direction still hanging in the air?
Mark001 ( Date: 08-Aug-2024 08:39) Posted:
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A rate cut in coming,by Sep at the latest.
Not sure how much to reduce, 0.25 or 0.5 are both possible.
Not sure how much to reduce, 0.25 or 0.5 are both possible.
Delvyss ( Date: 06-Aug-2024 09:21) Posted:
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Except there' s still the air of fear. Not sure how long it takes to go off.
Delvyss ( Date: 06-Aug-2024 09:09) Posted:
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And quite good volume too
Pretty well supported at 1.28 / 1.29.
Think 1.60 may not take too long to arrive.
Think 1.60 may not take too long to arrive.
moron101 ( Date: 05-Aug-2024 21:23) Posted:
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Aiming at 1.60 after rate cut this year.
Reits holders have been hoping for some crisis because this is the only way FED is going to cut rates. So all reits holders should be happy
with what is happening now. It seems that FED is going to cut aggressively, some reports predict FED going to cut by more than 1.25 points just this year alone.
So reits holders should enjoice now. IMAGINE the job report is super hot and FED is forced to increase interest rate aggressively again, that will be gg for reits ...
with what is happening now. It seems that FED is going to cut aggressively, some reports predict FED going to cut by more than 1.25 points just this year alone.
So reits holders should enjoice now. IMAGINE the job report is super hot and FED is forced to increase interest rate aggressively again, that will be gg for reits ...
HVRRVH ( Date: 02-Aug-2024 22:51) Posted:
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Fed may have dragged its feet too long in cutting rate. The markets were sending a strong signal yesterday and continued today so far. US data showing sign of recession and now it seems more certain that rate will be cut in September, today S-Reits showing resilence amidst Asia markets sell off is another sign that the rate will get cut in September. Feb may have to cut more than expected to avoid a recession but this Fed is giving vibe of indecisiveness and often acted too slow too late. Regardless, S-Reits may finally have a breather.
Seen some married deals yesterday.
Moving funds into predictable income instruments?
Who are the investors?
Moving funds into predictable income instruments?
Who are the investors?
Logistic warehousing assets are much needed in businesses, so unless the whole world going into recession,there is no problem holding to MLT. Its peer FLCT already seems turning a corner but it could be chiefly owing to its low gearing vs MLT' s high gearing. MLT may have been overly optimistic with its assets acquistions in the run up of high interest rate even though its cost of debt is still a remarkable 2.7%. However, the marekt do not like its near 40% gearing. With the DRIP at $1.276, I would opt for full scripts.
Looks like its going for a big move after big time collection at 1.28 / 1.29
Ok got it. Think this has a $1.50 potential
Mark001 ( Date: 01-Aug-2024 09:43) Posted:
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Yes. rate cut in Sept.
just recovering stage.
just recovering stage.
Delvyss ( Date: 01-Aug-2024 09:12) Posted:
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Is more rate cut coming ?
Great timing for Reits ?
Great timing for Reits ?
Analysts keep ?buy? calls on MLT after 1QFY2025 results
(MLT) after the REIT reported an 8.9% y-o-y drop in its distribution per unit (DPU) of 2.068 cents for the 1QFY2025 ended June. The REIT?s distributable income fell due to higher borrowing costs and lower divestment gains. The DPU also dipped from an enlarged unit base.
Maybank Securities analyst Krishna Guha has kept his ?buy? call on MLT with an unchanged target price of $1.32 as he sees a ?tactical opportunity? from a turn in regional foreign exchange (forex).
Under MLT?s new CEO, the REIT is ?staying the course?, as it continues with its portfolio rejuvenation. The REIT is focusing on Asian logistics properties and is taking a long view of China, notes Guha.
?Longer term, MLT?s regional warehouse footprint is attractive. Accelerated pace of recycling will offset headwinds from new supply and slower China,? he writes in his July 26 report.
He adds: ?While distribution pressure will continue, a turn in regional foreign currency may provide relief."
In 1QFY2025, MLT?s gross revenue and net property income fell 0.3% y-o-y and 0.9% y-o-y, respectively.
This comes on the back of lower contributions from China, an absence of revenue from divested properties and foreign currency weakness.
However, this was partly offset by contributions from new assets and organic growth in Singapore and Hong Kong .
Meanwhile, revenue and NPI increased 0.4% q-o-q and 0.9% q-o-q respectively following contributions from the REIT?s acquired assets.
Additionally, the portfolio occupancy dipped to 95.7% from 96% in 4QFY2023 previously.
Occupancy in China remained stable at approximately 93%, while Singapore and Vietnam saw lower occupancy levels due to leasing downtime.
Portfolio reversion stood at 2.6% or 4.6% excluding China.
?China reversion will be in negative low teens range,? adds the analyst.
Overall, the REIT?s gearing rose 70 basis points (bps) to 39.6% while borrowing cost remained stable at 2.7%
Management has since guided for higher borrowing cost as foreign currencies and rate hedges continue to reprice.
For 1QFY2025, MLT has announced the completion of its divestment of approximately $40 million and a full fiscal target of $150 million - $200 million which is lower than the analyst?s prior guide of $200 million - $500 million.
For more stories about where money flows, click here for Capital Section
The REIT?s divestment gains are more likely to be used for debt repayment, in the analyst?s view.
As a result, the analyst has left his DPU forecast unchanged which is currently below the Street?s.
Meanwhile, the OCBC Investment Research (OIR) team has lowered its FY2025 and FY2026 DPU forecasts by 6.7% and 4.7% respectively, factoring in lower distributions of divestment gains, higher borrowing costs and lower contributions from China and Japan.
Moving forward, the REIT?s cost of debt is expected to increase due to interest rate swaps. Upon maturation, these interest rates are set to be replaced at a higher cost, in the team?s view.
It adds: ?Given MLT?s current gearing level, its focus will be on divestments and the pace of acquisitions will depend on the magnitude of these asset sales.?
As a result, the OIR has maintained its ?buy? call on Suntec Reit T82U -
while lowering its target price to $1.65 from $1.73 previously.
Similarly, Morningstar Equity analyst Xavier Lee has lowered his target price for the REIT by 6 cents to $1.54 from $1.60.
Despite lowering his FY2025 - FY2027 DPU estimates, the analyst views the REIT as ?undervalued? due to its attractive fiscal 2025 distribution yield of 6.3%.
?That said, we think that persistent weakness in the China logistics portfolio may continue to weigh on its unit price performance,? says the analyst.
Lee also notes the REIT?s commitment to prioritize unitholders' interests in real estate investment trusts sponsored by Mapletree, as announced by current Mapletree Group deputy CEO, Chua Tiow Chye.
Under MLT?s latest five-year plan, it aims to increase assets under management (AUM) from $77.5 billion as at March 31 to $100 billion - $120 billion by end-March 2029.
The REIT is expected to contribute to the group?s goal by increasing its AUM by $5 billion during the same period.
?In our view, the target is somewhat ambitious and would require the trust to be able to raise equity due to the high absolute size and gearing,? says the analyst.
Following current market environments and the REIT?s weak unit price performance year to date, large-scale acquisitions will likely happen in the medium term rather than the near term, in the analyst?s view.
As at 3.06pm, shares in MLT are trading at an unchanged $1.30.
(MLT) after the REIT reported an 8.9% y-o-y drop in its distribution per unit (DPU) of 2.068 cents for the 1QFY2025 ended June. The REIT?s distributable income fell due to higher borrowing costs and lower divestment gains. The DPU also dipped from an enlarged unit base.
Maybank Securities analyst Krishna Guha has kept his ?buy? call on MLT with an unchanged target price of $1.32 as he sees a ?tactical opportunity? from a turn in regional foreign exchange (forex).
Under MLT?s new CEO, the REIT is ?staying the course?, as it continues with its portfolio rejuvenation. The REIT is focusing on Asian logistics properties and is taking a long view of China, notes Guha.
?Longer term, MLT?s regional warehouse footprint is attractive. Accelerated pace of recycling will offset headwinds from new supply and slower China,? he writes in his July 26 report.
He adds: ?While distribution pressure will continue, a turn in regional foreign currency may provide relief."
In 1QFY2025, MLT?s gross revenue and net property income fell 0.3% y-o-y and 0.9% y-o-y, respectively.
This comes on the back of lower contributions from China, an absence of revenue from divested properties and foreign currency weakness.
However, this was partly offset by contributions from new assets and organic growth in Singapore and Hong Kong .
Meanwhile, revenue and NPI increased 0.4% q-o-q and 0.9% q-o-q respectively following contributions from the REIT?s acquired assets.
Additionally, the portfolio occupancy dipped to 95.7% from 96% in 4QFY2023 previously.
Occupancy in China remained stable at approximately 93%, while Singapore and Vietnam saw lower occupancy levels due to leasing downtime.
Portfolio reversion stood at 2.6% or 4.6% excluding China.
?China reversion will be in negative low teens range,? adds the analyst.
Overall, the REIT?s gearing rose 70 basis points (bps) to 39.6% while borrowing cost remained stable at 2.7%
Management has since guided for higher borrowing cost as foreign currencies and rate hedges continue to reprice.
For 1QFY2025, MLT has announced the completion of its divestment of approximately $40 million and a full fiscal target of $150 million - $200 million which is lower than the analyst?s prior guide of $200 million - $500 million.
For more stories about where money flows, click here for Capital Section
The REIT?s divestment gains are more likely to be used for debt repayment, in the analyst?s view.
As a result, the analyst has left his DPU forecast unchanged which is currently below the Street?s.
Meanwhile, the OCBC Investment Research (OIR) team has lowered its FY2025 and FY2026 DPU forecasts by 6.7% and 4.7% respectively, factoring in lower distributions of divestment gains, higher borrowing costs and lower contributions from China and Japan.
Moving forward, the REIT?s cost of debt is expected to increase due to interest rate swaps. Upon maturation, these interest rates are set to be replaced at a higher cost, in the team?s view.
It adds: ?Given MLT?s current gearing level, its focus will be on divestments and the pace of acquisitions will depend on the magnitude of these asset sales.?
As a result, the OIR has maintained its ?buy? call on Suntec Reit T82U -
while lowering its target price to $1.65 from $1.73 previously.
Similarly, Morningstar Equity analyst Xavier Lee has lowered his target price for the REIT by 6 cents to $1.54 from $1.60.
Despite lowering his FY2025 - FY2027 DPU estimates, the analyst views the REIT as ?undervalued? due to its attractive fiscal 2025 distribution yield of 6.3%.
?That said, we think that persistent weakness in the China logistics portfolio may continue to weigh on its unit price performance,? says the analyst.
Lee also notes the REIT?s commitment to prioritize unitholders' interests in real estate investment trusts sponsored by Mapletree, as announced by current Mapletree Group deputy CEO, Chua Tiow Chye.
Under MLT?s latest five-year plan, it aims to increase assets under management (AUM) from $77.5 billion as at March 31 to $100 billion - $120 billion by end-March 2029.
The REIT is expected to contribute to the group?s goal by increasing its AUM by $5 billion during the same period.
?In our view, the target is somewhat ambitious and would require the trust to be able to raise equity due to the high absolute size and gearing,? says the analyst.
Following current market environments and the REIT?s weak unit price performance year to date, large-scale acquisitions will likely happen in the medium term rather than the near term, in the analyst?s view.
As at 3.06pm, shares in MLT are trading at an unchanged $1.30.
Yes most of the REITs results so far have been good to excellent - MIT, Sabana, OUE REIT etc
Thought results already factored in. Don' t let market illusionist distort one' s view.
The Manager and BOD should forgo their fees till they come up with some remedial plans...the issues that they explained could have been mitigated like the other reits. Afterall, they were all facing with the same environmeent.
The previous CEO ' ran' away to the sponsor leaving the rest to face the music. She ought to resign!
The previous CEO ' ran' away to the sponsor leaving the rest to face the music. She ought to resign!