Suntec Reit    Last:1.45    +0.01

Suntec REIT

interest rate so low in the banks....smile widely..

 

Nice. The reason I brought Suntec is to hedge my money along with the government stand with opening the economy. I don' t want to put my money in the bank and not work hard for me. 

PhillipTan      ( Date: 31-Aug-2021 05:08) Posted: Seek out these winning Singapore stocks as earnings recover After quarters of being buffeted by the pandemic, the earnings recovery trend is normalising in the Singapore market, say DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong. " The positive earnings revision trend in 4QFY2020 and 1QFY2021 has halted. 2QFY2021 saw a -2.9% q-o-q earnings cut for FY2021F and flat for FY2022F for stocks under our coverage as the reintroduction of Covid-19 restrictions dealt a blow to stocks which would have benefited from reopening," note the analysts in an Aug 27 note.  The trajectory of Singapore' s y-o-y GDP recovery is likely to peak at 14.7% y-o-y growth in 2QFY2021 and should normalise going forward, say DBS Group Research. " Our economist' s long-held 6.3% y-o-y GDP growth for 2021 remains intact, but this also implies 2HFY2021 growth recovery will be slower than 1HFY2021 due to slower manufacturing growth momentum, a manpower crunch for foreign labour-dependent sectors like construction and a continued drag on tourism-related sectors," say the analysts. Likewise, the STI' s sideways trend since April should continue in the weeks or months ahead, amid the normalising earnings recovery trend and developing uncertainties, they add.  AEM, City Developments, ComfortDelgro, SingTel and Suntec REIT have either underperformed or market perform year-to-date. " We expect prices to turn the corner as the outlook improves and stock prices retreat to a valuation trough," says DBS Group Research.  The analysts highlight the following stocks: - AEM' s operations will ramp up from September the stock trades at a 33% discount to peers.  - CityDev will ride on the strong Singapore residential market and hospitality recovery as the worst of Sincere' s uncertainties have passed.  - ComfortDelgro and Suntec REIT are beneficiaries of Singapore' s move towards the Covid-19 endemic.  - SingTel' s operations in Singapore and Australia as well as subsidiary Bharti are all turning up. The DBS Group Research analysts maintain a preference for domestic over international-border reopening beneficiaries as Singapore begins its calibrated shift towards an endemic state.  " ComfortDeglro is our top pick, as the most consistent beneficiary of every easing of restrictions. This is followed by Suntec REIT and then Mapletree Commercial Trust (MCT), Starhill Global, and Koufu," they note. The recovery of travel/aviation stocks that hinges on the reopening of air borders remains more uncertain despite the introduction of vaccinated travel lanes (VTLs), say the analysts. " Compared to domestic reopening, we think it' ll take longer before travel/aviation stocks recover to pre-Covid price levels."

 

Seek out these winning Singapore stocks as earnings recover

After quarters of being buffeted by the pandemic, the earnings recovery trend is normalising in the Singapore market, say DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong.

" The positive earnings revision trend in 4QFY2020 and 1QFY2021 has halted. 2QFY2021 saw a -2.9% q-o-q earnings cut for FY2021F and flat for FY2022F for stocks under our coverage as the reintroduction of Covid-19 restrictions dealt a blow to stocks which would have benefited from reopening," note the analysts in an Aug 27 note. 

The trajectory of Singapore' s y-o-y GDP recovery is likely to peak at 14.7% y-o-y growth in 2QFY2021 and should normalise going forward, say DBS Group Research.

" Our economist' s long-held 6.3% y-o-y GDP growth for 2021 remains intact, but this also implies 2HFY2021 growth recovery will be slower than 1HFY2021 due to slower manufacturing growth momentum, a manpower crunch for foreign labour-dependent sectors like construction and a continued drag on tourism-related sectors," say the analysts.

Likewise, the STI' s sideways trend since April should continue in the weeks or months ahead, amid the normalising earnings recovery trend and developing uncertainties, they add. 

AEM, City Developments, ComfortDelgro, SingTel and Suntec REIT have either underperformed or market perform year-to-date. " We expect prices to turn the corner as the outlook improves and stock prices retreat to a valuation trough," says DBS Group Research. 

The analysts highlight the following stocks:
- AEM' s operations will ramp up from September the stock trades at a 33% discount to peers. 
- CityDev will ride on the strong Singapore residential market and hospitality recovery as the worst of Sincere' s uncertainties have passed. 
- ComfortDelgro and Suntec REIT are beneficiaries of Singapore' s move towards the Covid-19 endemic. 
- SingTel' s operations in Singapore and Australia as well as subsidiary Bharti are all turning up.

The DBS Group Research analysts maintain a preference for domestic over international-border reopening beneficiaries as Singapore begins its calibrated shift towards an endemic state. 

" ComfortDeglro is our top pick, as the most consistent beneficiary of every easing of restrictions. This is followed by Suntec REIT and then Mapletree Commercial Trust (MCT), Starhill Global, and Koufu," they note.

The recovery of travel/aviation stocks that hinges on the reopening of air borders remains more uncertain despite the introduction of vaccinated travel lanes (VTLs), say the analysts. " Compared to domestic reopening, we think it' ll take longer before travel/aviation stocks recover to pre-Covid price levels."

 

 

Laying groundwork for PM Lee speech tonight to open the economy 

Godwinlow      ( Date: 29-Aug-2021 10:46) Posted: Singapore crosses 80 per cent Covid-19 vaccination milestone: Ong Ye Kung https://www.straitstimes.com/singapore/health/singapore-crosses-80-covid-19-vaccination-milestone-ong-ye-kung

 

Singapore crosses 80 per cent Covid-19 vaccination milestone: Ong Ye Kung
https://www.straitstimes.com/singapore/health/singapore-crosses-80-covid-19-vaccination-milestone-ong-ye-kung

 

Connect@Changi converted into Covid-19 community care facility
https://www.businesstimes.com.sg/government-economy/connectchangi-converted-into-covid-19-community-care-facility

john_ric      ( Date: 26-Aug-2021 10:42) Posted: Pm will announce third dose for all as cases surge

 

Nah. Disagree. OYK mention once Sg treat it as endemic several hundred cases a day is a norm. They already set up one more place, connect@Changi as a place to treat cases as Sg going to be treating it as endemic. Vaccination rate to 80% that' s where Sg government will open up

john_ric      ( Date: 26-Aug-2021 10:42) Posted: Pm will announce third dose for all as cases surge

 

Pm will announce third dose for all as cases surge

 

24 August 2021, sg vaccination rate is 78% with second dose. By next Monday PM Lee speech we should able to to hear something more of opening up our economy which will benefit Suntec reit. By next Monday who knows vaccination rate will be 80% which is what government is looking at. 

 

Wait for next Monday see what PM Lee says. From the US Vice President and PM Lee press conference. He was pressured by the journalists to open up economy to the US. So we should be expecting more opening of our economy. Let' s hope government announce 75% back to OFFICE!!

PhillipTan      ( Date: 24-Aug-2021 01:38) Posted: Suntec REIT, Prime US REIT among RHB' s top picks for office REITs as companies adopt hybrid work model In an August 23 research note, RHB Group Research reported the results of a June survey carried out to evaluate Covid-19' s impact on the office sectors in Singapore and Malaysia. Based on the survey results, RHB analysts Loong Kok Wen and Vijay Natarajan identified key trends for the office space, namely the potential downsizing of office space by 20-30% as remote work programmes become a norm moving forward, resulting in companies revisiting their office space requirements. Nonetheless, the analysts note that the accelerating WFH trend will not eliminate the importance of office space. " We believe many companies will still want to retain a physical presence in the city centre or in key business districts in other states," the remark. To that end, they anticipate the adoption of a more formal hybrid model that combines both work from home and office. In addition, Loong and Natarajan believe decentralisation of regional operations by companies as part of their risk management efforts could support demand for office space. " There may also be some potential positive spillover to co-working spaces, due to the quality and flexibility offered - but the medium- to long-term impact is uncertain, due to the cost differential between office rental and charges by co-working facilities," they add. In Singapore, the analysts believe international real estate investors will be drawn to the city state as it pursues more sustainable and integrated office developments. To that end, their outlook for the sector remains positive. " As sustainability and mixed developments will be the theme going forward, the country should attract high-profile corporate tenants that will support office rentals over the long term," they note. They maintain their " overweight" rating for Singapore REITs. " Among all the sub-sectors, the office segment is second-best, preferred next only to the resilient industrial segment," they say. The way Loong and Natarajan see it, investors should keep their exposure to REITs, or companies that own quality assets, as a long-term sustainable investment strategy. Their top picks for Singapore are Suntec REIT (rated " buy" with a target price of $1.75) and Prime US REIT (rated " buy" with a target price of US$1.03).  " These REITs have ESG scores of 3 and above, based on our proprietary ratings," the analysts add. As at 3pm, units in Suntec REIT and Prime US REIT are trading at $1.46 and 84 US cents.

 

Suntec REIT, Prime US REIT among RHB' s top picks for office REITs as companies adopt hybrid work model

In an August 23 research note, RHB Group Research reported the results of a June survey carried out to evaluate Covid-19' s impact on the office sectors in Singapore and Malaysia.

Based on the survey results, RHB analysts Loong Kok Wen and Vijay Natarajan identified key trends for the office space, namely the potential downsizing of office space by 20-30% as remote work programmes become a norm moving forward, resulting in companies revisiting their office space requirements.

Nonetheless, the analysts note that the accelerating WFH trend will not eliminate the importance of office space. " We believe many companies will still want to retain a physical presence in the city centre or in key business districts in other states," the remark. To that end, they anticipate the adoption of a more formal hybrid model that combines both work from home and office.

In addition, Loong and Natarajan believe decentralisation of regional operations by companies as part of their risk management efforts could support demand for office space. " There may also be some potential positive spillover to co-working spaces, due to the quality and flexibility offered - but the medium- to long-term impact is uncertain, due to the cost differential between office rental and charges by co-working facilities," they add.

In Singapore, the analysts believe international real estate investors will be drawn to the city state as it pursues more sustainable and integrated office developments. To that end, their outlook for the sector remains positive. " As sustainability and mixed developments will be the theme going forward, the country should attract high-profile corporate tenants that will support office rentals over the long term," they note.

They maintain their " overweight" rating for Singapore REITs. " Among all the sub-sectors, the office segment is second-best, preferred next only to the resilient industrial segment," they say.

The way Loong and Natarajan see it, investors should keep their exposure to REITs, or companies that own quality assets, as a long-term sustainable investment strategy. Their top picks for Singapore are Suntec REIT (rated " buy" with a target price of $1.75) and Prime US REIT (rated " buy" with a target price of US$1.03). 

" These REITs have ESG scores of 3 and above, based on our proprietary ratings," the analysts add.

As at 3pm, units in Suntec REIT and Prime US REIT are trading at $1.46 and 84 US cents.

 

Looking good, for now.. strong buy queue at 1.46, previous close 1.45.

 

Hi guys, just brought 77300 shares At $1.46. Let' s hope government keep opening up our economy. And hope once Sg hits 80% vaccination rate. Sg government will make it 75% back to office!

 

slowly n steady wait for different target.. 1 at a time ...

PhillipTan      ( Date: 02-Aug-2021 13:33) Posted: Oh? Thought you were waiting for $1.25   rocketman      ( Date: 02-Aug-2021 13:26) Posted: waiting patiently for 1.42 in my opinion.. smile...

 

Oh? Thought you were waiting for $1.25
 

rocketman      ( Date: 02-Aug-2021 13:26) Posted: waiting patiently for 1.42 in my opinion.. smile...

 

waiting patiently for 1.42 in my opinion.. smile...

 

Ok, good luck waiting
As long as I have excess cash, I will continue picking up if it is below 1.50 lol

rocketman      ( Date: 26-Jul-2021 18:01) Posted: U waiting for the Sun to rise up is it.. I will still wait for 1.25... no harm anyway.. so many covid cases around our region.. PhillipTan      ( Date: 26-Jul-2021 16:22) Posted: 1.25? Seriously? I don' t think it will drop below 1.40 It will be going once vaccination rates picks up Suntec is into office, retail and exhibition Office is already up, but retail and exhibition are lagging Once the measures are relaxed or lifted, it will be time for suntec to rise again

 

U waiting for the Sun to rise up is it.. I will still wait for 1.25... no harm anyway.. so many covid cases around our region..

PhillipTan      ( Date: 26-Jul-2021 16:22) Posted: 1.25? Seriously? I don' t think it will drop below 1.40 It will be going once vaccination rates picks up Suntec is into office, retail and exhibition Office is already up, but retail and exhibition are lagging Once the measures are relaxed or lifted, it will be time for suntec to rise again

 

1.25? Seriously?
I don' t think it will drop below 1.40
It will be going once vaccination rates picks up
Suntec is into office, retail and exhibition
Office is already up, but retail and exhibition are lagging
Once the measures are relaxed or lifted, it will be time for suntec to rise again
 

 

wait for my target 1.25.. smile...