EC World Reit
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Hidden Gem of e-Commerce REIT related to Alibaba
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I nearly bought First Reits...fortunately I didn' t. FR did have some good reviews. We don' t really know what is going on inside until it becomes news. Shares that have very different analysts views......Top Glove, IFAST.......some shout " Buy" some shout " Sell" .....headache to decide who is right. Decide own self based on own risk return appetite.
Last time police wear short 🤣
nott1965 ( Date: 16-Mar-2021 13:08) Posted:
Haha Sabana tanked from $1.05 to $0.39. Only at this price than got interest? So what if it is Singa stock?
laksaman57 ( Date: 16-Mar-2021 11:39) Posted:
LOL ... Even big boy ESR reit want to merge aka acquire Sabana reit & you call it run-of-mill reit.
It's not too late for you you're switch from EC World reit to Sabana reit before Sabana reit price run up.
Gentle reminder, EC World properties are 100% in China & Sabana's in Singapore. |
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I remember FR being given a review by ' The Fifth Person' , one of the four suggested buying it...
laksaman57 ( Date: 16-Mar-2021 10:08) Posted:
There were also many warning sign at FR but price stay high by ppl faith until .....
crystalbee ( Date: 16-Mar-2021 09:39) Posted:
If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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Haha Sabana tanked from $1.05 to $0.39. Only at this price than got interest? So what if it is Singa stock?
laksaman57 ( Date: 16-Mar-2021 11:39) Posted:
LOL ... Even big boy ESR reit want to merge aka acquire Sabana reit & you call it run-of-mill reit.
It's not too late for you you're switch from EC World reit to Sabana reit before Sabana reit price run up.
Gentle reminder, EC World properties are 100% in China & Sabana's in Singapore.
nott1965 ( Date: 16-Mar-2021 10:49) Posted:
| Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill Reits like Sabana |
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Where there is smoke aka late-rental-payment, THERE IS FIRE
LOL ... Even big boy ESR reit want to merge aka acquire Sabana reit & you call it run-of-mill reit.
It's not too late for you you're switch from EC World reit to Sabana reit before Sabana reit price run up.
Gentle reminder, EC World properties are 100% in China & Sabana's in Singapore.
nott1965 ( Date: 16-Mar-2021 10:49) Posted:
| Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill Reits like Sabana |
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I think commentators don' t have bad intentions but just sharing their real concerns. Maybe right maybe wrong but still an issue for discussion. If you are correct then you profit lor. Nothing wrong if some prefer to be cautious.
nott1965 ( Date: 16-Mar-2021 10:49) Posted:
| Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill Reits like Sabana |
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nott1965 ( Date: 16-Mar-2021 10:49) Posted:
| Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill Reits like Sabana |
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Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill Reits like Sabana
In May last year, I actually called their SG office about rental rebates given from our pockets. I know SG based REITs also give rental rebates but these rebates are financially supported by government. They said it is one-off event and not likely to happen in future quarters. I guess they just recently announced " not to receive performance fee due for the whole of FY2020" as doing their part since shareholders paid for the rental rebates in Q1. Good of Management to do their part too.
http://ecwreit.listedcompany.com/news.html/id/820310
Prudent to ask yourself why their offshore loan is more than onshore loan.
whisng ( Date: 16-Mar-2021 09:47) Posted:
That time First Reit before the rental restructuring and the rights issue also gave out dividends to entice people to buy in. Little did we know that First Reit is running out of cash and that' s why the banks are not willing to loan them money and thus First Reit had to issue rights at depressed price. These business man are very shrew, so better monitor and run if sense something is wrong or fishy.
crystalbee ( Date: 16-Mar-2021 09:39) Posted:
If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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The big red flag for First Reit was the downgrading of LippoKarawachi Credit ratings if memory serves.
https://www.reitsweek.com/2019/02/first-reit-downgraded-amid-concerns-over-sponsors-credit-ratings.html
whisng ( Date: 16-Mar-2021 09:47) Posted:
That time First Reit before the rental restructuring and the rights issue also gave out dividends to entice people to buy in. Little did we know that First Reit is running out of cash and that' s why the banks are not willing to loan them money and thus First Reit had to issue rights at depressed price. These business man are very shrew, so better monitor and run if sense something is wrong or fishy.
crystalbee ( Date: 16-Mar-2021 09:39) Posted:
If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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laksaman57 ( Date: 16-Mar-2021 10:08) Posted:
There were also many warning sign at FR but price stay high by ppl faith until .....
crystalbee ( Date: 16-Mar-2021 09:39) Posted:
If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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Thanks for sharing. Agree it is better to be safe than sorry.
There were also many warning sign at FR but price stay high by ppl faith until .....
crystalbee ( Date: 16-Mar-2021 09:39) Posted:
If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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Next time give away assets to Forchn. 
laksaman57 ( Date: 16-Mar-2021 09:36) Posted:
First it was rebate
Now late rental payment penalty waived
What'll be next ? Rental restructure like FR ?
laksaman57 ( Date: 16-Mar-2021 09:27) Posted:
Good observation by a commenter in article
"Anonymous2 June 2020 at 09:10
The fact that Forchn has a controlling stake in EC may not be a positive. Recently EC gave out ¥23mil in rental rebates to their tenants, almost all (like 90%) of which went to Forchn. Basically, if Forchn can't pay rent, they dont even need to default. Minority holders have no say - EC just goes ahead to cut distributions and give a voluntary rebate, waiving off Forchn's rental. |
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That time First Reit before the rental restructuring and the rights issue also gave out dividends to entice people to buy in. Little did we know that First Reit is running out of cash and that' s why the banks are not willing to loan them money and thus First Reit had to issue rights at depressed price. These business man are very shrew, so better monitor and run if sense something is wrong or fishy.
crystalbee ( Date: 16-Mar-2021 09:39) Posted:
If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
Watch out for a FR maneuver
whisng ( Date: 16-Mar-2021 09:31) Posted:
The manager of EC world Reit also waived the 10 mil late charges. Very fishy leh. Like helping the sponsor by waiving the late fees. So next time if late also waive, how EC world reit going to survive on when the payments are late?
From report of EC world reit....The Late Fees amount to S$10,998,556 which represents approximately 1.61% of EC World REIT&rsquo s net tangible assets as at 31 December 2020.
laksaman57 ( Date: 16-Mar-2021 09:27) Posted:
Good observation by a commenter in article
"Anonymous2 June 2020 at 09:10
The fact that Forchn has a controlling stake in EC may not be a positive. Recently EC gave out ¥23mil in rental rebates to their tenants, almost all (like 90%) of which went to Forchn. Basically, if Forchn can't pay rent, they dont even need to default. Minority holders have no say - EC just goes ahead to cut distributions and give a voluntary rebate, waiving off Forchn's rental. |
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First it was rebate
Now late rental payment penalty waived
What'll be next ? Rental restructure like FR ?
laksaman57 ( Date: 16-Mar-2021 09:27) Posted:
Good observation by a commenter in article
"Anonymous2 June 2020 at 09:10
The fact that Forchn has a controlling stake in EC may not be a positive. Recently EC gave out ¥23mil in rental rebates to their tenants, almost all (like 90%) of which went to Forchn. Basically, if Forchn can't pay rent, they dont even need to default. Minority holders have no say - EC just goes ahead to cut distributions and give a voluntary rebate, waiving off Forchn's rental."
cmengchan ( Date: 16-Mar-2021 08:59) Posted:
Can Forchn Holdings afford the rents to EC World REIT?
By Mr Llama (dated June 2020)
https://www.llamafinance.com/2020/06/can-forchn-holdings-pay-off-rents-to-ec.html
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