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Bought some at $1.75. Post here for self reference.
thxs george78 for kind sharing. think it will take some time for things to get better.
latest news from their local news provider.
零 售 界 指 黃 金 周 生 意 回 復 達 疫 情 前 同 期 六 至 七 成 人 手 仍 不 足
原 文 網 址 ： 零 售 界 指 黃 金 周 生 意 回 復 達 疫 情 前 同 期 六 至 七 成 人 手 仍 不 足 | on.cc東 網 | 港 澳 https://hk.on.cc/hk/bkn/cnt/news/20230501/bkn-20230501110905225-0501_00822_001.html
latest news from their local news provider.
零 售 界 指 黃 金 周 生 意 回 復 達 疫 情 前 同 期 六 至 七 成 人 手 仍 不 足
原 文 網 址 ： 零 售 界 指 黃 金 周 生 意 回 復 達 疫 情 前 同 期 六 至 七 成 人 手 仍 不 足 | on.cc東 網 | 港 澳 https://hk.on.cc/hk/bkn/cnt/news/20230501/bkn-20230501110905225-0501_00822_001.html
Heard from friends who went to HK in March, not many people in the malls. Betting that footfall will recover to pre covid in 2Q
i always view the merger was a rescue of the mnact. think they have past the worse and will get better. if they have privatised mnact then inject asset back into mct later (like later quarters of current year). it may have been better for all.
now just hold, enjoy distributions and see results improves over next few quarters. when interest rate down cycle start, share price could go up much more
now just hold, enjoy distributions and see results improves over next few quarters. when interest rate down cycle start, share price could go up much more
honestly the merger of MCT with MNACT has not been positive to the share price and consequently have been detrimental to unitholders.
we should all just sell down this stock as a warning to other REITs not to try the same
off my mind - Subana and ESR as well as MLT and MIT
we should all just sell down this stock as a warning to other REITs not to try the same
off my mind - Subana and ESR as well as MLT and MIT
MPACT&rsquo s Greater China lag takes shine away from strong Singapore showing
EVEN as China announced the scrapping of its strict zero-Covid policy towards the end of 2022, a lag in recovery for Mapletree Pan Asia Commercial Trust&rsquo s : N2IU -0.56% (MPACT) assets in Greater China is weighing on its overall growth.
The Festival Walk mall in Hong Kong &ndash MPACT&rsquo s biggest property by asset value &ndash experienced rental reversion of minus 12.7 per cent for the full year ended March 2023.
Meanwhile, rental reversion at its Gateway Plaza office asset in Beijing and Sandhill Plaza business park in Shanghai came in at minus 3.7 per cent for the financial year from 2022 to 2023.
All its other properties in Singapore, Japan and South Korea recorded positive rental reversions of between 1.6 per cent and 14.2 per cent.
&ldquo If you look at Hong Kong, of course it&rsquo s slower. It used to be about four million (tourist arrivals) a month from China&hellip (but) in the last two months it was about two million (in total). So there&rsquo s still some room (for improvement),&rdquo said Sharon Lim, chief executive of the trust&rsquo s manager, at a briefing on Friday (Apr 28).
Shopper traffic was recorded at 29.8 million in FY2022/23, up 16 per cent year on year. However, this remained significantly lower than the 41.3 million shoppers captured in FY2018/19. Even before curbs due to the Covid-19 pandemic, the mall had been shut for repairs after suffering damage by anti-government protestors in late 2019.
Tenant sales were up 9.3 per cent year on year to HK$3.9 billion (S$664.3 million) in FY2022/23, but remained 26 per cent lower than in FY2018/19.
The way Lim sees it, rental reversion is &ldquo en route&rdquo to recovery. The real estate investment trust (Reit) manager noted that the Festival Walk mall recorded rental reversions of minus 27 per cent and minus 21 per cent in FY2021/22 and FY2020/21 respectively.
But first, she says, there must be signs of a consistent recovery.
&ldquo It has to be consistent, because the tenants have suffered for three to four years. They are not going to buy in with one quarter of good sales and say: &lsquo Hey, I&rsquo ll give you the rent&rsquo ,&rdquo Lim said. &ldquo They need to see some sustained higher sales.&rdquo
The performance at MPACT&rsquo s assets in Hong Kong and China stands in stark contrast to that of its assets in Singapore.
For example, at VivoCity &ndash Singapore&rsquo s largest shopping mall &ndash full-year tenant sales surpassed S$1 billion for the first time, as shopper traffic rose 48.4 per cent and tenant sales climbed 30.6 per cent. The mall recorded reversion rates of 7.7 per cent for FY2022/23.
Citi analyst Brandon Lee believes that the outlook could be brighter for Festival Walk in future.
&ldquo Festival Walk continued to witness negative reversion of minus 12.7 per cent in FY2023, but improving sales and traffic as a result of the opening of borders with China and the lifting of all remaining measures do provide optimism going into the next fiscal year,&rdquo he said.
However, he cautioned that MPACT&rsquo s China assets could continue to experience weakness in view of a significant supply expected to come online in both the Shanghai and Beijing markets.
MPACT&rsquo s gross revenue grew 65.4 per cent to S$826.2 million for FY2022/23, while net property income rose 62.6 per cent to S$631.9 million.
This was mainly due to contributions from properties acquired through the merger of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust to form MPACT, which was completed on Jul 21, 2022.
Full-year distribution per unit (DPU) was 0.8 per cent higher at S$0.0961. Excluding the release of retained cash in the year-ago period, DPU for FY2022/23 would have been 6.1 per cent higher.
MPACT runs away very fast when the sentiment is good - this is what I noticed since start of 2023.
in hk market the competition is really tough.
people spens a $m to do this.
https://luluthepiggy.com/
maybe no so big budget but can always think of ways to bring into singapore to dop like a orchid flower festival with nparks. do some auction of new orchid still can make money.
people spens a $m to do this.
https://luluthepiggy.com/
maybe no so big budget but can always think of ways to bring into singapore to dop like a orchid flower festival with nparks. do some auction of new orchid still can make money.
some part of hong kong now facing problem of too many chinese tourist jamming up palces like 紅 磡 及 土 瓜 灣 . called to managed the returning chinese tourist orderly. moving them to other locations.
prices of this mapletree pan asia recovering, think still a distance from where it could be before the covid-19 lock down in hk.
prices of this mapletree pan asia recovering, think still a distance from where it could be before the covid-19 lock down in hk.
thanks for the news :)
is this good? or very good? or super very good? :))
is this good? or very good? or super very good? :))
Joelton ( Date: 24-Mar-2023 09:52) Posted:
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Mapletree Pan Asia Commercial Trust to issue S$150 million of green notes at 4.25%
THE manager of Mapletree Pan Asia Commercial Trust : N2IU -1.13% (MPACT) said that the real estate investment trust (Reit) will be issuing S$150 million of senior green notes priced at a fixed rate of 4.25 per cent annually.
These notes, which are under its S$5 billion Euro Medium Term Securities Programme established in September 2022, will be issued on Mar 29, 2023 and mature on Mar 29, 2030.
The proceeds raised from this issuance will be used by MPACT and its subsidiaries to finance or refinance, in whole or in part, eligible green projects in accordance with the company&rsquo s green finance framework.
Ratings agency Moody&rsquo s has assigned a &ldquo Baa1&rdquo rating to these notes due to the company&rsquo s &ldquo strong operating performance through the years from a portfolio of good-quality assets in Singapore and North Asia, and track record of prudent financial management as demonstrated by its funding of acquisitions with a balanced mix of debt and equity&rdquo .
Moody added that MPACT&rsquo s credit quality is supported by its financially strong sponsor, Mapletree Investments, and that the Reit can leverage its sponsor&rsquo s operational track record, expertise and strong network of relationship banks.
DBS and OCBC have been appointed as joint lead managers and joint bookrunners for the issue of the notes.
Mapletree Pan Asia Commercial Trust to redeem S$118 million in 3.5% notes
THE manager of Mapletree Pan Asia Commercial Trus : N2IU +2.91%t (MPACT) said that Mapletree North Asia Treasury Company had fully redeemed S$117.8 million of 3.5 per cent notes due on Wednesday (Mar 22).
These were issued in March 2016 under the US$1.5 billion Euro Medium Term Securities Programme established in May 2013.
MPACT had redeemed S$2.3 million of these notes in August 2022.
Wow, dropped so much recently...
v good finance minister adding money to child care, old age support. need to configure their space accordingly to ride on it. covert more carparks into child care, excess space into mini data center (with a campus like latency) . shareable office, hurray. got extra space can plan
just to add on the idea that dividend is free.
take example mit. yesterday close 237. today open 235 then
over the morning the price float up to 238. at open buyers use yesterday close price less dividend as guide to buy. then as the sentiment improves over fed latest actions. price recover up.
hence dividend is free. for many stock it does not happen over one day but in general after 1 month the price will recover from the dividend paid. unless dividend super big size it will take longer.
by observation only may not be true. so look see yourself. happyi investing.
rumor hk border with china full open next monday. there is a economy boosting measure by their chief later today.
dyodd
take example mit. yesterday close 237. today open 235 then
over the morning the price float up to 238. at open buyers use yesterday close price less dividend as guide to buy. then as the sentiment improves over fed latest actions. price recover up.
hence dividend is free. for many stock it does not happen over one day but in general after 1 month the price will recover from the dividend paid. unless dividend super big size it will take longer.
by observation only may not be true. so look see yourself. happyi investing.
rumor hk border with china full open next monday. there is a economy boosting measure by their chief later today.
dyodd
the current dpu is good to have. free money must collect.
important thing is the future looks better.
with china/hk covid-19 restricitons removed. china property hope they quickly grow back at least 95% lease. as china buyers return festival walk has a good future.
important thing is the future looks better.
with china/hk covid-19 restricitons removed. china property hope they quickly grow back at least 95% lease. as china buyers return festival walk has a good future.
with this kind of DPU .. lips service.... and knd of this share price... I am going to sell all... :)
pkli899 ( Date: 01-Feb-2023 10:25) Posted:
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Yes, so far quite many posted their results, I only saw Sabana & this said DPU dropped because of financial cost.
Hopefully, interest rates can go down, at least a bit, in the near future.
Couple with better performance from HK, China, going forward, can help push DPU higher.
Hopefully, interest rates can go down, at least a bit, in the near future.
Couple with better performance from HK, China, going forward, can help push DPU higher.
HVRRVH ( Date: 01-Feb-2023 10:38) Posted:
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Yes market also don' t like, price dropping. Though the ' official' reason given was higher finance cost, only the management know whether the DPU was pulled down by post merger MNACT' s portfolio or not. Seems likely as only greater China did not achieve positive rental reversion and Festive Walk was mentioned as still under performing. Nevertheless, MPACT should come good in the long term. Happily vested.
pkli899 ( Date: 01-Feb-2023 10:25) Posted:
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Not so happy about the DPU.
Can do better?
Can do better?