Mapletree PanAsia C    Last:1.26    -0.01

MCT

MPACT 1QFY2024 DPU falls 3.1% q-o-q from higher utility, financing costs

Ex Div 7 Aug 2.18c payable 14 Sep

 

Already expecting poor performance but this is poorer than expected. Only good thing is may have chance to accumulate for long term with weakening price.

 

I think the selling not due to result been released today, but sentiment affecting overall REITs market

Not sure if anything to do with today been last day of July
So funds doing some re-balancing of portfolio of sort

Selling maybe also due to the increase in Japanese 10 Years Bond Yield
 

HVRRVH      ( Date: 31-Jul-2023 12:29) Posted: Results today after market closed. There seems to be some selling prior to the results but I think we can expect 2.23-2.3 cents of DPU.

 

Results today after market closed. There seems to be some selling prior to the results but I think we can expect 2.23-2.3 cents of DPU. 

 

https://www.theedgesingapore.com/capital/brokers-calls/uob-kay-hian-maintains-buy-mpact-lowers-tp-190

 

Hang Seng up 4% liao

Tempted to buy China Property Counters like Yanlord
But think NO
Play safe safe, small small, stable returns

 

It is not loved by the market at the moment. Now I am ready again to add if it come down to 1.59, having missed the previous time as added too early. If not, just wait and do nothing. 

 

Mapletree Pan Asia Commercial Trust

24 July

UOB Kayhian

$1.65

Target Price $1.90

Buy

DDM

Hang Seng Index up 3.1%
Shanghai up 1.8%
Shenzhen up 2.2%
 

 

interest rate up cycle, reits suffers due to higher borrowing cost and narrowing interest return versus government bond.
interest rate down cycle. the reverse is true.

smart money start moving already while reits are still cheap.
 

 

Fed as expected halted hike but at the same time, try to ' scare' the market by saying they still open to 2 more hikes with aim of hitting the final rarte of 5.6%! which is higher than previous target of 5.1%. Lol I think so far, market doesn' t buy it as SPX has officially entered bull market again. In SGX Reit space, most solid reits have responded by appreciation in unit prices. The retis will continue to be exposed to volatility depending on the rate direction. If Fed indeed resume hike, most reits will surely trend down again. Personally, I have collected enough MCT, MLT, LReit, CLINT, FLCT and CFA as far as reits are concerned since the beginning of rate hike cycle. Amnong all, only not too comfortable with LReit but hopefully it can deliver the good in the longer term. Now it is time to stay very still and watch every move of the ' enermy' closely before deciding the next move. 

 

Most reits green today in anticipation of Fed halting rate hike tonight. One will be in good position if already bought when the prices hit low such as 1.6 for MPACT and 1.61 for MLT just few days back or even CLINT just yesterday at 1.06. However, it may not be ideal to chase now as there is also high chance that the price will tank tomorrow if the Fed rate decision is not in line with market' s expectation. Having said so, long term holders would not mind another opportunity to collect if price down move south. 

 

A bit of ' spoil for choice' feeling. So many good Reits to buy but have to consider firing the bullets wisely too. MPACT, MLT, FLCT, CLIT among others. Finally decided to focus on Mapletree family and further narrow it down to MPACT in view of the uncoming Greater Waterfront Project by the govt. Plus its overseas assets shoud generate higher NPI as soon as Fed fund ratre stable and start to inch downward. Fed could stop rate hike as soon as this Wedensday so buy a bit more to increase overall holding size, now 21% weightage of overall reit portfolio. 

HVRRVH      ( Date: 02-May-2023 14:44) Posted: Bought some at $1.75. Post here for self reference.

 

good day JAD_Trader, quite agree.    just it is transition period.  landlord need to look harder fro rent. surely can get a matter of total package.

 

Maybe it will soon be back to normal like before, no more wfh.
Basically, companies continue to rent office space which are under utilize.

pasttime      ( Date: 09-Jun-2023 09:19) Posted: cnnc reported that google to crack down on office attendance. looks like more advantage tech company has realised early that no attendance at office affects company performance.  office space for people returning to office?

 

cnnc reported that google to crack down on office attendance.

looks like more advantage tech company has realised early that no attendance at office affects company performance.  office space for people returning to office?

 

Time to buy.

JAD_Trader      ( Date: 12-May-2023 10:39) Posted: Dropped below $1.70 today. What is happening?

 

Dropped below $1.70 today.
What is happening?

 

singtao headline ta lk talk below. 

微 信 支 付 公 布 ， 「 五 一 黃 金 周 」 中 國 旅 遊 「 井 噴 式 爆 發 」 ， 全 國 零 售 、 餐 飲 、 酒 旅 、 交 通 等 行 業 日 均 消 費 ， 對 比 2019年 疫 前 錄 得 93%至 212%的 大 幅 增 長 ， 當 紅 的 景 點 山 東 淄 博 消 費 額 按 月 亦 增 73%。 港 澳 地 區 的 日 均 線 下 消 費 金 額 較 疫 前 增 長 137%。

 

May 4, 20235:59 PM GMT+8Last Updated 4 hours ago Hong Kong March retail sales jump 40.9% in fourth month of growth March tourist arrivals soar 1,363 times y/y vs Feb's 557 times Government sees support from inbound tourism, private spending

 

today last day cd for 2.5c dividend.  ie 1.73-0.025 the price is only 1.705    to me this is sale price artificially suppress by operators. don' t one buy clothings, shoes, cars when on sale.  why not on this that give 2.5 cents quaterly and high probability increasing along the way as hk recover, china recover from covid-19
the increasing number of covid-19 infection not likely to lead to any close down again, most is put on your mask to slow down infections but really it will get to everyone. those who are infected and survive are likely the stronger one.  that is the case as of now.  see us got lock down again? no have. so will be the same in other countries. no need to listen too much to the operators spreading fear everywhere.  even the bank crisis. have not one seen that once small bank crisis, central eat up and give to larger banks.    so who gain? hsbc last quarter reports shows large gain related to eating up svb branch in uk.