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If rentals go down , valuations of assets in HK and china will also go down , thus gearing will go up
No reason for RI unless they have acquisition in the pipeline. Their gearing is not that high, among the SReits, maybe Lendlease is more likely to call for RI, even then, it is unlikely for now.
eddyeddy ( Date: 27-Sep-2023 12:29) Posted:
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Just hope no more right issues .
No worries. Currently the overall market factors mean SReit as a whole segment is trying to hit nadir. If may still go on for a while but Fed is nearing its terminal rate. At the micro level, even many individuals are parking their funds in Tbills, fixed deposits, SSB etc. Personally, I also have funds in Tbills, high saving interest bank account and SSB, which I have never had before. But I have already started to move some moeny back into SReit and other stocks. At least for now, we can start to see some buying interest for some SReits such as OUE Com, Lendlease, Mapletree Log, FLCT etc. By acquring MNACT, Mapletree Investment, the parent/sponsor show that they are far sighted. If they have not mereged the 2 reits, I think MNACT will be trading around 50 cents now. Yes it is somewhat a bitter pill for MCT holders to swallow but as parent/sponsor for both the reits, Mapletree Investment have to take a longer term and bigger picture view. Back then, they have sinked in 1.6b to subscribe 2.2b preferential units at $2.0039 per unit to ensure the success of the merger. Imagine, they have bought at $2.0039 per unit as compare to $1.41 per unit now. I do not think they would sit idle and do nothing. At the right timing, MPACt should bound but nobody know yet when is the right timing but personally I would sit tight for now.
This merge was to bail the other one out .
Merger not necessarily wrong strategically, but the merger ratio favoured MNACT.
Me also shortly after IPO. Was holding almost 900 lots.
Made a lot back then. Now left slightly more than 100 lots.
By now, all are free shares.
I would say it' s just unfortunate, one bad thing happened after another.
Otherwise, who knows, now $2 already.
Lets give them sometime to see what remedy to turn around the performance.
Made a lot back then. Now left slightly more than 100 lots.
By now, all are free shares.
I would say it' s just unfortunate, one bad thing happened after another.
Otherwise, who knows, now $2 already.
Lets give them sometime to see what remedy to turn around the performance.
vested for many years
can only say the decision back then to merge the two reits into one is definitely a wrong move for unitholders of mapletree commercial trust
all we can do now is hope management executes well and don' t simply divest away HK properties
can only say the decision back then to merge the two reits into one is definitely a wrong move for unitholders of mapletree commercial trust
all we can do now is hope management executes well and don' t simply divest away HK properties
👍
pasttime ( Date: 25-Sep-2023 18:02) Posted:
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you may be right. but which gov one.. bill may be too short to benefits any thing that come from interest rate down cycle. 10 years bond may be just right. if usd collapse then usd bond is useless. gain interest lost exchange rate.
if one is singapore base then singapore gov bond in sgd looks better.
cash, bond, equities. heavy on what only. at the moment think is very very heavy on cash and those first mover to switch out of cash will benefit more.
reits has been beaten down by short term view. taking a long term view. real estate is always a good hedge against inflation. while housing property has gone up, commercial got hit by work from home and platform. but the fear is again over done. it will be a balance, hybrid type.
office + 1 day work from home, on line to off line. even data center are beginning to become hybrid as managers take a look at the high cost of bandwidth and storage of a datacenter only strategy.
mapletree business city could benefits by riding on the hybrid data center trend.
and it is up to the commercial asset manager to try to maxi max the value and invite foot fall.
vivo, mapletree business city, festival walk will continue to do better. just go take a walk there and see the crowd. life returning to normal. labrador tower is both competitions and complement. when the area is build up with quality offices the place become more valuation.
again it is up to the manager there to make the place a wow and want to be place. not just lease it.
take so much money must do work la.
if one is singapore base then singapore gov bond in sgd looks better.
cash, bond, equities. heavy on what only. at the moment think is very very heavy on cash and those first mover to switch out of cash will benefit more.
reits has been beaten down by short term view. taking a long term view. real estate is always a good hedge against inflation. while housing property has gone up, commercial got hit by work from home and platform. but the fear is again over done. it will be a balance, hybrid type.
office + 1 day work from home, on line to off line. even data center are beginning to become hybrid as managers take a look at the high cost of bandwidth and storage of a datacenter only strategy.
mapletree business city could benefits by riding on the hybrid data center trend.
and it is up to the commercial asset manager to try to maxi max the value and invite foot fall.
vivo, mapletree business city, festival walk will continue to do better. just go take a walk there and see the crowd. life returning to normal. labrador tower is both competitions and complement. when the area is build up with quality offices the place become more valuation.
again it is up to the manager there to make the place a wow and want to be place. not just lease it.
take so much money must do work la.
Buy T bill or fix deposits with banks are better than buying REITs now.
fear mongering is not going to bring the price down much. those who need to sell already sold. those wanting to buy just hoping for lower price to buy more.
price over book value at 0.807 shows the discount already in for all talk talk bad things.
the good things? interest rate increased cycle is at top and holding it there. fed talk is only jawing the market so that usd exchange rate versus other currencies don' t collapse. currently they using jpy to hold it up. else their gov bond no one buy. russia total exit , china retreating from usd who will save them? fed has a very tough job. if they keep rate high for too long and their interest payment will go higher when their old time 30 year bond expired. where to find money to pay back if no one buy. so fed qe may be starting again.
fund manager who has hold lots of cash and getting 5-6% return has done well. but fi tehy don' t start switching to equities they may under perform when the eventual interest rate down cycle happen.
if fund manager just park money in cash then who needs them individual can buy gov bond themselves no need to pay a layer of cost for doign nothing.
price over book value at 0.807 shows the discount already in for all talk talk bad things.
the good things? interest rate increased cycle is at top and holding it there. fed talk is only jawing the market so that usd exchange rate versus other currencies don' t collapse. currently they using jpy to hold it up. else their gov bond no one buy. russia total exit , china retreating from usd who will save them? fed has a very tough job. if they keep rate high for too long and their interest payment will go higher when their old time 30 year bond expired. where to find money to pay back if no one buy. so fed qe may be starting again.
fund manager who has hold lots of cash and getting 5-6% return has done well. but fi tehy don' t start switching to equities they may under perform when the eventual interest rate down cycle happen.
if fund manager just park money in cash then who needs them individual can buy gov bond themselves no need to pay a layer of cost for doign nothing.
Festival Walk in HK is no longer a good asset that can produce good rentals , as for assets in china , it is even worst .AVOID is the word.
pkli899 ( Date: 25-Sep-2023 17:07) Posted:
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WLE, didn' t know got new office development coming up so near.
MPACT prospect already impacted by China/HK problem.
Now, home ground also will face issue......
MPACT prospect already impacted by China/HK problem.
Now, home ground also will face issue......
HVRRVH ( Date: 25-Sep-2023 14:05) Posted:
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I think upcoming Labrador Tower may also potentially draw some potential and current MPACT office tenants away. It is directly opposite M Tower and ARC and close to MBC. MBC tenants unlikely to be lured by Labrador Tower but same cannot be said of M Tower and ARC. But I don?t think MPACT will sit idle and do nothing. Perhaps it is about time to revamp the aging Habourfront, for a start.
Rental rates of shopping malls in china and HK are very depressed . Will only go down in the next few years .
On the contrary, China now is lowering their interest rate.
I believe what is working against them is that the RMB exchange rate is weak because of the lowering interest rate due to poorer economy outlook, it will come back strong again when China up their interest rate again.
I believe what is working against them is that the RMB exchange rate is weak because of the lowering interest rate due to poorer economy outlook, it will come back strong again when China up their interest rate again.
JAD_Trader ( Date: 07-Aug-2023 11:31) Posted:
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Too passive but very active a collecting fees from owners only .
pasttime ( Date: 22-Sep-2023 21:17) Posted:
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managing agent need to do more to make their asset a want to go to place.
like in china now the second tier city are using music festival as a way to invite crowd to their cities.
what has maple tree commercial trust done? moon cake festival what is the acitivities?? what haveyou done for arc which is dieing. if only rent out collect rent. no need to pay so much management fee.
a small property manager + real estate agency can do the job.
take so much money must make the place have a wow effect la.
like in china now the second tier city are using music festival as a way to invite crowd to their cities.
what has maple tree commercial trust done? moon cake festival what is the acitivities?? what haveyou done for arc which is dieing. if only rent out collect rent. no need to pay so much management fee.
a small property manager + real estate agency can do the job.
take so much money must make the place have a wow effect la.
Looks like high interest rate tooks it bite.
PiRPiR ( Date: 31-Jul-2023 22:45) Posted:
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