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Had to wait for the Q1 results first. I was hoping to see it after the result announcement yesterday. But MNACT took a week to announce her clean up distribution after the Q1 results last week.
JoeJordan ( Date: 30-Jul-2022 20:35) Posted:
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Yup. That's what I am referring to.
No info, so far.
bystander1965 ( Date: 28-Jul-2022 16:59) Posted:
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Mapletree Commercial Trust reports improved Q1 FY2022/23 results on easing Covid-19 measures
MAPLETREE Commercial Trust : N2IU +1.06% (MCT) reported a 8.8 per cent increase in revenue for Q1 FY2022/23 ending Jun 30 to S$135 million from S$124.1 million a year prior.
Net property income for the period also rose in tandem, up 10.1 per cent to S$106.7 million from S$96.9 million a year ago. The increases were driven by easing Covid-19 measures, with VivoCity continuing on a steady recovery. Tenant sales in Q1 FY2022/23 rebounded 53.3 per cent y-o-y, surpassing pre-Covid levels.
The shopping centre posted a 34.4 per cent y-o-y growth in gross revenue and a 45 per cent y-o-y growth in net property income for Q1 FY2022/23. VivoCity has 98.5 per cent committed occupancies as at Jun 30.
&ldquo We remain confident that VivoCity will continue its upward trajectory as social activities and international travel progressively return to normalcy,&rdquo said Sharon Lim, chief executive officer of MCT&rsquo s manager.
Mapletree Business City (MBC) contributed the bulk of gross revenue and net property income for the office and business park assets segment. MBC generated S$55.7 million in gross revenue and S$45.2 million in net property income, up 5.5 per cent and 5.8 per cent respectively y-o-y.
MBC and mTower, the former PSA building, reported 98.2 per cent and 86.8 per cent committed occupancies respectively. Bank of America Harbourfront and Mapletree Anson both have fully committed occupancies.
The trust scheme for the merger between MCT and Mapletree North Asia Commercial Trust (MNACT) became effective on Jul 21, and MCT has expanded its investment mandate on the same date to include key gateway markets of Asia. MNACT is on track to be delisted by Aug 3, with the merged entity renamed Mapletree Pan Asia Commercial Trust.
&ldquo Our commitment remains unchanged &mdash to drive long-term growth and sustainable return. With a diversified and high quality portfolio across key gateway markets of Asia, of which best-in-class assets constitute approximately 67 per cent of the merged portfolio, we believe we can deliver,&rdquo said Lim.
1Q FY22/23 gross revenue and net property income of S$135.0 million and S$106.7 million respectively, up 8.8% and 10.1% year-on-year.
Looking good..
Looking good..
a well managed parking lot is estimated to beworth more then 200k rmb with 2-4% return.
wonder how much value did mct attache to their car park lot. how much return are they getting from the parking lot. how much more return can be cream out of car park electricitu charging, cleaning and etc services provided.
wonder how much value did mct attache to their car park lot. how much return are they getting from the parking lot. how much more return can be cream out of car park electricitu charging, cleaning and etc services provided.
pasttime ( Date: 28-Jul-2022 19:21) Posted:
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china electric car push is in motion. their target is 25 out of 100 cars sold be electric by 2025.
by 2030 no more new petrol car. this has raised the opportunty for new source of revenue via charging station or mobile charging in their car parks. hope they can throw some light of their intentions and progress on charging station. selling electricity is a revenue, and offices with charging station will become a considerations for coporate to rent the offices. similar to shopping center etc.
there are 307m cars in china , only 219 cars per 1000 people. so the growth potential is also huge for car related business. charging station is probably the new thing to replace petrol station.
by 2030 no more new petrol car. this has raised the opportunty for new source of revenue via charging station or mobile charging in their car parks. hope they can throw some light of their intentions and progress on charging station. selling electricity is a revenue, and offices with charging station will become a considerations for coporate to rent the offices. similar to shopping center etc.
there are 307m cars in china , only 219 cars per 1000 people. so the growth potential is also huge for car related business. charging station is probably the new thing to replace petrol station.
Think that was the entitlement to clean up dividend.
What happen to the CD?
Silo1234 ( Date: 28-Jul-2022 15:42) Posted:
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mnact npi up by 4.1% is a positive.
The Fed - Meeting calendars and information (federalreserve.gov)
there was talk about 1% increased in next fed meeting. some has rule it out in recent time.
but really does it matter when market has already drop so much in usa. take it as some shorts or those trying to buy cheap cannot get it so they create more negative news. but not much effect.
there was talk about 1% increased in next fed meeting. some has rule it out in recent time.
but really does it matter when market has already drop so much in usa. take it as some shorts or those trying to buy cheap cannot get it so they create more negative news. but not much effect.
when feb meeting?
overall market vol very low. shows most are conservative to wait for the next fed meeting rate increased. for small investors, beleive that for mapletree commercial, is at good price to buy from maket the entitlement instead of subscribing. once the bigger players come back think will not be this price already.
market reacts negatively on apple annoucement to slow hiring and spending growth for some units.
now i read it mobile phone units is near maturity. but apple-brand self driving car maybe next push. and also apple expanding in vietnam. who knows where they are increasing hiring?
market reacts negatively on apple annoucement to slow hiring and spending growth for some units.
now i read it mobile phone units is near maturity. but apple-brand self driving car maybe next push. and also apple expanding in vietnam. who knows where they are increasing hiring?
yes, instead of taking up the PO, I bought from the market at a cheaper price and with CD.
PhillipTan ( Date: 16-Jul-2022 17:22) Posted:
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From my understanding of how this thing works (correct me if I am wrong)
The purpose of the preferential offering is to get funding for the cash payment to MNACT shareholders
The PO price was already pre-determined last December when they requested for a trading halt for the merger
With such a huge difference in price between the PO price and the last traded market price, it makes no sense to subscribe to this PO right?
Maybe some goondus will, but most others in their right minds won' t
So what happens is, any shortfall in the the PO if there is undersubsricption, the MCT sponsor Mapletree Investments will have to buy them all up
And yes, our positions will get diluted when that happens since we won' t be that silly to subscribe for the PO
One way to keep our shareholdings from getting diluted is to buy what we are entitled to subscribe (or more) from the open market since it is cheaper there
If getting diluted is a concern
The purpose of the preferential offering is to get funding for the cash payment to MNACT shareholders
The PO price was already pre-determined last December when they requested for a trading halt for the merger
With such a huge difference in price between the PO price and the last traded market price, it makes no sense to subscribe to this PO right?
Maybe some goondus will, but most others in their right minds won' t
So what happens is, any shortfall in the the PO if there is undersubsricption, the MCT sponsor Mapletree Investments will have to buy them all up
And yes, our positions will get diluted when that happens since we won' t be that silly to subscribe for the PO
One way to keep our shareholdings from getting diluted is to buy what we are entitled to subscribe (or more) from the open market since it is cheaper there
If getting diluted is a concern
Tks for reply
pasttime ( Date: 16-Jul-2022 09:13) Posted:
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Regardless of it being an accretive acquisition, giving up this type of entitlement is always dilutive because no matter what one's future dividend receipt will always be lower than if the rights are taken up. But unless the holding is large enough to make a difference this is just academic to me.
Positive dilution? Interesting concept. 😁
yes i will not subcribed to extra reits as price higher then market.
no different to me about so called dilution as the dilution is positive to boost asset and distributable div.
why mct parent do it? i think is mainly to save mapletree north asia reits. over time the problem face by north asia asset will be over.
when mct cleared the bad patch the price i believed will be more then $2. if not why will there be any fool to foot the bill at $2.0039 per new reits unit.
so if i want to increase more units, just do a little as price may be around this level for some time until fed interest rate increased is over. meanwhile just enjoyed the dividend.
i m expecting in time price exceeding $2.15 base on 15% return for their $2.003 percent put in.
the talk about interesst rate increased hurting are not so valid to strong backing reits as they can always sell assets or issue more reits units to reduce the debt ratio.
dyodd
no different to me about so called dilution as the dilution is positive to boost asset and distributable div.
why mct parent do it? i think is mainly to save mapletree north asia reits. over time the problem face by north asia asset will be over.
when mct cleared the bad patch the price i believed will be more then $2. if not why will there be any fool to foot the bill at $2.0039 per new reits unit.
so if i want to increase more units, just do a little as price may be around this level for some time until fed interest rate increased is over. meanwhile just enjoyed the dividend.
i m expecting in time price exceeding $2.15 base on 15% return for their $2.003 percent put in.
the talk about interesst rate increased hurting are not so valid to strong backing reits as they can always sell assets or issue more reits units to reduce the debt ratio.
dyodd
Yes. But one will be better off buying 306 shares directly from the market.
So in their offer 306 shares for every 1000 shares, does that mean that if we don't subscribe to the rights offered to us, our present shares will be diluted like in a traditional rights issue ?
The price 2.0039 was fixed last year as a conversion reference. It was only after the MNACT sh cried fouls of the deal that they came up with the 3rd option, all cash offer for MNACT sh. And they knew then it was more than likely they won't have cash to cover that. Hence they would issue pi to raise fund. They have no choice but to use 2.0039 as the offer. Otherwise they would be shooting themselves in the foot again while trying to pacify MNACT sh.