CapLand Ascendas RE    Last:2.47    -0.03

Ascendasreit

I will consider buying back in at 2.50.

 

still consolidating stage

 

Ready for the bulls ?

 

" The proceeds may be utilised for various purposes, including financing committed investments, paying down debt, extending loans to subsidiaries, funding general corporate and working capital needs, and/or making distributions to shareholders, said the manager. "

https://www.businesstimes.com.sg/companies-markets/capitaland-ascendas-reit-divest-industrial-asset-singapore-s45-3-million-premium

 

Most Reits have its fair share of rest

 

let it range between 2.82 & 2.85 for another couple sessions more

 

If firm, may probably see 2.99 again 

Delvyss      ( Date: 10-Oct-2024 08:58) Posted: Seems a very reasonable consolidated level

 

Seems a very reasonable consolidated level

 

It will go up one step further soon.

Stylefashion      ( Date: 19-Sep-2024 16:52) Posted: Yeah agreed. It will be higher low for pullback and higher high for surging. wavehunter      ( Date: 19-Sep-2024 16:28) Posted: We now have a Fed Pivot from rate raising cycle to rate cutting cycle. Fed has signalled more cuts in 2024 and at least 1 full percentage point of cuts through 2025. It is blue skies ahead for REITs. And the better REITs with strong sponsors will lead the pack to take S-REITs higher. Both Ascendas and CaplandInvest will trade higher by year end and make new highs throughout 2025. If dont need the money and want to invest in a carefree manner, just stay vested. Add more if you can whenever there is a dip. Having said that, UP or DOWN, markets never move in a straight line. From now till Dec 2025, there will be pullbacks and corrections. Some of these pullbacks can be 5% to 9% and occasionally 10% to 15%. If you are the type who prefer to jump IN and OUT whenever we come across a speed bump, all the best then. Just prepare yourself mentally  to jump back in higher than your exit price, if need be, in order not to miss the boat. That is if you get your timing wrong.  We cant have it all. When we miss, LL just pay more to get back into the boat. Better that way than to miss the boat altogether.  Becoz the market will be bull from now through 2025 and probably 2026 as well. If we miss the boat and comfort ourselves we  will wait for the next one, everything is moving higher in a bull market. When the next pullback comes, it wont come down so low  to where you last sold and are now squatting there waiting. When the next pullback comes, it will end at a level higher than where  you sold. And if you plan to wait for that to jump back in, you will end up paying even higher. Then might as well jump back in now  and pay lower than to wait for that pullback. All the best.

 

Yeah agreed.
It will be higher low for pullback and higher high for surging.

wavehunter      ( Date: 19-Sep-2024 16:28) Posted: We now have a Fed Pivot from rate raising cycle to rate cutting cycle. Fed has signalled more cuts in 2024 and at least 1 full percentage point of cuts through 2025. It is blue skies ahead for REITs. And the better REITs with strong sponsors will lead the pack to take S-REITs higher. Both Ascendas and CaplandInvest will trade higher by year end and make new highs throughout 2025. If dont need the money and want to invest in a carefree manner, just stay vested. Add more if you can whenever there is a dip. Having said that, UP or DOWN, markets never move in a straight line. From now till Dec 2025, there will be pullbacks and corrections. Some of these pullbacks can be 5% to 9% and occasionally 10% to 15%. If you are the type who prefer to jump IN and OUT whenever we come across a speed bump, all the best then. Just prepare yourself mentally  to jump back in higher than your exit price, if need be, in order not to miss the boat. That is if you get your timing wrong.  We cant have it all. When we miss, LL just pay more to get back into the boat. Better that way than to miss the boat altogether.  Becoz the market will be bull from now through 2025 and probably 2026 as well. If we miss the boat and comfort ourselves we  will wait for the next one, everything is moving higher in a bull market. When the next pullback comes, it wont come down so low  to where you last sold and are now squatting there waiting. When the next pullback comes, it will end at a level higher than where  you sold. And if you plan to wait for that to jump back in, you will end up paying even higher. Then might as well jump back in now  and pay lower than to wait for that pullback. All the best.

 

We now have a Fed Pivot from rate raising cycle to rate cutting cycle.
Fed has signalled more cuts in 2024 and at least 1 full percentage point of cuts through 2025.
It is blue skies ahead for REITs. And the better REITs with strong sponsors will lead the pack to take S-REITs higher.
Both Ascendas and CaplandInvest will trade higher by year end and make new highs throughout 2025.

If dont need the money and want to invest in a carefree manner, just stay vested. Add more if you can whenever there
is a dip. Having said that, UP or DOWN, markets never move in a straight line. From now till Dec 2025, there will be
pullbacks and corrections. Some of these pullbacks can be 5% to 9% and occasionally 10% to 15%. If you are the type
who prefer to jump IN and OUT whenever we come across a speed bump, all the best then.

Just prepare yourself mentally  to jump back in higher than your exit price, if need be, in order not to miss the boat. That
is if you get your timing wrong.  We cant have it all. When we miss, LL just pay more to get back into the boat. Better that
way than to miss the boat altogether.  Becoz the market will be bull from now through 2025 and probably 2026 as well. If
we miss the boat and comfort ourselves we  will wait for the next one, everything is moving higher in a bull market. When
the next pullback comes, it wont come down so low  to where you last sold and are now squatting there waiting. When the
next pullback comes, it will end at a level higher than where  you sold. And if you plan to wait for that to jump back in, you
will end up paying even higher. Then might as well jump back in now  and pay lower than to wait for that pullback.

All the best.

 

I managed to buy some lots at 2.92 yesterday. Now holding 100+ lots of CapitalandInvest.
Hopefully everything will be smooth for these two counters in the following weeks and months.

 

Almost there. $2.99 reached.
Next 2 milestones to cross are $3.00 first.
Then $3.05 next.
Before the year is up like I said back in March.
Her high tide is back.
A rising tide lifts all boats. Except those with holes.
Ascendas is a good boat. She is a good lobang.
But as a good boat, her hull has no lobang,
So she will rise with the rising tide,
Not IF but WHEN.


.

 

SDEXXXXD      ( Date: 30-Mar-2024 11:34) Posted: Well said 真 金 不 怕 火 wavehunter      ( Date: 30-Mar-2024 10:35) Posted: Like I always say, real gold no scared of fire. She will reach 2.90, then 3.00 then retest Last High at 3.05. But not in a straight line up from here. As to WHEN she will reach 2.90, 3.00, 3.05 and then higher, some time  between now and year end. That' s the beauty of buying a good fundamentally solid blue chip market leader REIT.  If you bought too early and she continues to dip, no need to cut. If you can, add more. And keep adding. One day when this phoenix rise from the ashes again, all your positions will be in the money. Unlike if you buy a penny and the monkey has run road leaving the penny to roll down the hill like a runaway bus without a driver. That bus could be heading for the bottom of the ravine. So you cannot hold. You must cut. If you play pennys.

 

DBS Bank has sold 500,000 units in CapitaLand Ascendas REIT A17U(CLAR) to the open market.

The sale, which was conducted on Sept 9, netted the bank $1.5 million, or $2.91 per unit.

Following the sale, DBS?s stake in CLAR came up to 0.825%.

Prior to the transaction, DBS sold 1 million units on Aug 26 for $2.87 million, or $2.87 per unit.

On Sept 4, however, the bank purchased 675,000 units in CLAR, for a purchase consideration of $1.88 million, or $2.79 apiece. This increased the bank?s stake to 0.849%.

CLAR reported a distribution per unit (DPU) of 7.524 cents for 1HFY2024 ended June 30, marking a 2.5% y-o-y decline.

 

https://www.theedgesingapore.com/news/insider-moves/dbs-sells-500000-units-clar-15-mil

 

at last above 2.92 

 

Bonds sure to rise. But with Reits, one has to be more discerning.

ozone2002      ( Date: 14-Sep-2024 23:44) Posted: Fed rate cut -> lower rates -> bonds and REITs to rise https://www.theedgesingapore.com/edgeinvest/news/news/insider-moves/dbs-buys-675000-units-clar-19-mil#

 

Fed rate cut -> lower rates -> bonds and REITs to rise

https://www.theedgesingapore.com/edgeinvest/news/news/insider-moves/dbs-buys-675000-units-clar-19-mil#

 

https://www.theedgesingapore.com/capital/reits/better-macro-and-interest-environment-encourage-allocations-s-reits-2hfy2024-dbs-names

Better macro and interest environment to encourage allocations into S-REITs in 2HFY2024, DBS names top picks
DBS Group Research analysts Derek Tan, Geraldine Wong and Dale Lai see Singapore REITs (S-REITs) continuing to attract flows with the anticipated interest rate cut by the US Federal Reserve (US Fed) in September.

While economists at DBS have maintained that there will be two 25 basis point (bps) cuts in 2024 from September through December, some market watchers are looking at cuts of up to around 50 bps in September, with a few even hinting at an emergency interest rate cut before the month.

The analysts see S-REITs in the retail, industrial, office and hotel sectors to benefit from the cuts, due to their abilities to deliver earnings surprises on resilient income generation ability.

According to their analysis, with S-REITs gradually dropping off hedges, every 100 basis points (bps) drop in interest rates should drive potential savings of around 2.4% for S-REITs in 2025, which they have not priced in.

Tan, Wong and Lai?s top five picks are retail trusts Frasers Centrepoint Trust J69U 0.43%

?We turn more careful on hotels with expected softness in demand come 2HFY2024 as most hoteliers have become more price sensitive given the slower-than-expected pick-up in China demand.?

DBS?s target prices for FCT, MPACT, CLAR, FLCT and CLAS are $2.70, $1.75, $3.25, $1.44 and $1.15 respectively. The analysts retain its subsector preferences in the order of retail, industrial, hotels and office.

They write in their Aug 20 report: ?While future pricing may be highly volatile and subject to change on how macro data-pans out in the coming months, with a close correlation between interest rates and REITs, we remain confident that S-REITs already saw their lows back in July and should see strength ahead.?

In the 1HFY2024, S-REITs saw lacklustre dividend per unit (DPU) growth, with a sector-wide 7% y-o-y and 5% h-o-h drop in DPUs mainly due to erosion from higher interest costs. 

As at June 30, S-REITs had an average borrowing cost around 3.9%, with borrowing costs inching up by around 10 bps over the past quarter, a marginal increase but close to the market S-REITs are borrowing at. 

Therefore, the analysts believe that overall portfolio interest costs have largely been ?marked-to-market?. 

Assuming a typical three to five-year refinancing roll, despite the expected additional drop in base rates, Tan, Wong and Lai note that the refinancing spreads are likely to remain positive.

They write: ?Our analysis indicates that re-financing spreads will remain around 50 bps in FY2025, even with a 100 bps reduction in benchmark rates.?

As their current estimates assume a ?higher-forever? interest rate environment, the analysts have not factored in the impact of potential rate cuts into their projections. 

?An overall 30 bps savings in all-in borrowing costs could lead to an around 2.4% upside to our earnings estimates for S-REITs, with major beneficiaries being Suntec REIT and OUE LJ3 -0.98%

 

' Ascent' Power Engine gearing up today!

Mark001      ( Date: 13-Aug-2024 16:18) Posted: From my point of view,its outlook is promising. PiRPiR      ( Date: 06-Aug-2024 21:34) Posted: https://www.theedgesingapore.com/capital/brokers-calls/analysts-keep-buy-capitaland-ascendas-reit-citing-steady-report-card-1hfy2024 Analysts keep 'buy' on CapitaLand Ascendas REIT citing 'steady report card' for the 1HFY2024 results Krishna Guha from Maybank says ?all in, a steady report card? for the REIT. CLAR?s 1HFY2024 distribution per unit of 7.52 cents was 2.5% lower y-o-y but 1.1% higher h-o-h, due to higher finance expense and an enlarged number of units. The REIT?s 1H revenue and net property income grew 7.2% and 3.9% y-o-y, respectively, due to acquisitions and contributions from newly completed properties. Guha says that the REIT?s portfolio occupancy was 93.1%, and occupancy was stable across geographies except the US where it fell a couple of percentage points due to expiries in single tenanted business parks. Meanwhile, rent reversion was higher 13.4% for 1H, led by logistics. ?That said, management noted that industrial and data centres (DC) in its portfolio are new growth centres while logistics is entering a high but mature growth phase,? the analyst says. ?Management raised rent reversion guidance for the full year to high single-digit.? He adds that the REIT?s financial metrics are stable for this 1HFY2024. Gearing was stable at 37.8%, borrowing cost at 3.7% was 20 basis points higher h-o-h but stable q-o-q, coverage ratio inched down to 3.5x (3.6x in 1Q2024), and natural hedge ratio is maintained at 76%, Guha notes. This quarter, the REIT announced new asset enhancement plans for Aperia, but no capex plans for UK DC have been announced as CLAR is securing power for the facility, the analyst highlights. Meanwhile, the REIT has not guided for vacant US business parks. ?While we expect frictional occupancies in the US and SG business parks, diversified revenue profile and strong credit should stabilise the bottom line,? says Guha, who maintains his estimates, rating and target price for the REIT. Likewise, Vijay Natarajan from RHB says that the REIT?s near-term focus is likely to be on asset enhancements with acquisitions and divestments being more opportunistic. He notes that the assets in Changi Business Park have hit an inflection point ? ONE@Changi City will welcome Singapore Airlines C6L 0.34% as a new tenant in 2Q2025, and the REIT notes that authorities are more receptive to the idea of change of usage of its assets in the area. Meanwhile, CLAR is in discussion with the authorities in the UK for data centre assets in Welwyn Garden City. Natarajan highlights that with the new UK government planning to boost data centre infrastructure, he sees good potential to generate higher returns from the asset. However, the REIT?s financing costs rose about 20 basis points and is likely to be maintained at the same level for the full year. About 83% of its debt is hedged, the analyst notes. Natarajan?s target price is a dividend discount model based one, which comes in unchanged at $3.20. Likewise, OIR's research team says that although CLAR has a sizeable debt headroom, management appears to be focused on asset enhancement initiatives (AEIs) and redevelopment projects to improve its portfolio, as there are potential opportunities for the conversion of land use, including to data centres. The analysts note some risks that the REIT could face, such as the possible dampening of demand for industrial assets in the event of a slowdown in marcoeconomic conditions an increase cost of borrowing in case of spike in interest rates and depreciation of foreign currencies against the Singapore dollar. Because the REIT's results for the 1HFY2024 came in at OIR's expectations, and it has accretive inorganic growth opportunities and divested non-core assets at attractive valuations, the analysts have kept their "buy" call with an unchanged target price. As at 11.36am, units in CLAR are trading 7 cents lower or 2.52% down at $2.71.