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661-680 of 740
Today weaker than CICT..
Yes, it seems to move in tandem with CICT, also plus 2 cents today.
dc16888 ( Date: 11-Nov-2020 20:11) Posted:
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closed higher today.
The manager of Mapletree Commercial Trust (MCT) has reported a distribution per unit (DPU of 4.17 cents for 1HFY2020/2021 ended September, 9.9% down from the 4.63 cents posted a year ago.
not bad lah.
not bad lah.
Mapletree Commercial Trust sees 11% fall in net property income for Q1
MAPLETREE Commercial Trust (MCT) on Thursday reported a 10.7 per cent year-on-year decline in net property income to S$78.9 million for the first quarter, attributing it largely to rental rebates given to retail tenants at its core VivoCity property during the Covid-19 pandemic.
Gross revenue for the quarter ended June 30 was down 10.5 per cent on the year to S$100.4 million, while property operating expenses were 9.7 per cent lower on the year to S$21.5 million.
Sharon Lim, chief executive of MCT' s manager, said that Q1 was impacted by the " full force" of Singapore' s eight-week " circuit breaker" as well as the continued closure of most businesses during the first phase of Singapore&rsquo s re-opening from June 2-18.
However, the impact was mitigated by contributions from Mapletree Business City (MBC).
Currently, the majority of MCT' s retail tenants have resumed operations. But Ms Lim cautioned that the situation will " take some time" to return to pre-Covid-19 levels due to " continued work-from-home directives, border closures, social-distancing measures, as well as disruptions in manpower and global supply chains" .
In Q1, revenue from VivoCity fell 56.7 per cent on the year to S$23.1 million. This came as shopper traffic and tenant sales at the mall fell 78.5 per cent and 63.4 per cent respectively on a year-on year basis.
MCT in April waived fixed rent for eligible tenants it later provided rental rebates amounting to S$6 million in June.
VivoCity recorded 98.4 per cent committed occupancy as at June 30.
On the other hand, revenue from the office and business park assets were up 31.4 per cent on the year to S$77.2 million. This was largely driven by MBC II and Mapletree Anson, due to higher occupancy and the effects of step-up rents in existing leases, MCT said.
As at June 30, the committed occupancy for MCT&rsquo s office and business park assets ranged from 90.4 per cent at PSA Building to full commitment at MBC II. Mapletree Anson and Bank of America Merrill Lynch HarbourFront reported full occupancy.
MCT' s gearing ratio was 33.7 per cent as at June 30, versus 33.1 per cent a year ago.
MCT added that new facilities were secured during the quarter to put it on track to refinance all borrowings due in FY20 and FY21. It held more than S$1 billion of cash and undrawn committed facilities at June 30.
It is turning uptrend now. MACD turning up and the price reaching 50MA. If tmr the price can pass 1.97 - 1.98, it is a confirmation signal that it is a Mid-Term Intermediate Bullish signal ...
Hope that the PSA building will have a better occupy rate and bring in income and then we will have better dividend for the rest of the year!
Hope that the PSA building will have a better occupy rate and bring in income and then we will have better dividend for the rest of the year!
9July2020&ndash Mapletree Commercial Trust Management Ltd., as Manager of Mapletree Commercial Trust (&ldquo MCT&rdquo ), wishes to announce that MCT&rsquo sBusiness Updates for the FirstQuarterFinancial Year 2020/2021ending 30 June 2020will be released after the close of trading hours on 23 July2020
Married volume: [email protected] this morning!
Bro & Sis, is the entry price of this counter too high to enter now?
Slowly climbing up.
Should have more room for upside ?
since its still lower than pre-march levels ?
Should have more room for upside ?
since its still lower than pre-march levels ?
Go to yahoo finance read full analysis report
Mapletree Commercial Trust Just Beat EPS By 70%: Here's What Analysts Think Will Happen Next
Simply Wall St
Simply Wall St.
May 31, 2020, 9:02 am
As you might know, Mapletree Commercial Trust (SGX:N2IU) just kicked off its latest full-year results with some very strong numbers. The company beat both earnings and revenue forecasts, with revenue of S$483m, some 2.3% above estimates, and statutory earnings per share (EPS) coming in at S$0.18, 70% ahead of expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for Mapletree Commercial Trust
SGX:N2IU Past and Future Earnings May 31st 2020
Taking into account the latest results, Mapletree Commercial Trust's eleven analysts currently expect revenues in 2021 to be S$473.3m, approximately in line with the last 12 months. Statutory earnings per share are forecast to plummet 56% to S$0.078 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of S$469.9m and earnings per share (EPS) of S$0.076 in 2021. So the consensus seems to have become somewhat more optimistic on Mapletree Commercial Trust's earnings potential following these results.
There's been no major changes to the consensus price target of S$2.02, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Mapletree Commercial Trust at S$2.44 per share, while the most bearish prices it at S$1.45. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Mapletree Commercial Trust shareholders.
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that sales are expected to slow, with a forecast revenue decline of 2.0%, a significant reduction from annual growth of 12% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.3% annually for the foreseeable future. It's pretty clear that Mapletree Commercial Trust's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Mapletree Commercial Trust following these results. On the plus side, there were no major changes to revenue estimates although forecasts imply revenues will perform worse than the wider industry. The consensus price target held steady at S$2.02, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Mapletree Commercial Trust. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Mapletree Commercial Trust going out to 2024, and you can see them free on our platform here..
And what about risks? Every company has them, and we've spotted 5 warning signs for Mapletree Commercial Trust (of which 2 don't sit too well with us!) you should know about.
Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected].
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.
Mapletree Commercial Trust Just Beat EPS By 70%: Here's What Analysts Think Will Happen Next
Simply Wall St
Simply Wall St.
May 31, 2020, 9:02 am
As you might know, Mapletree Commercial Trust (SGX:N2IU) just kicked off its latest full-year results with some very strong numbers. The company beat both earnings and revenue forecasts, with revenue of S$483m, some 2.3% above estimates, and statutory earnings per share (EPS) coming in at S$0.18, 70% ahead of expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for Mapletree Commercial Trust
SGX:N2IU Past and Future Earnings May 31st 2020
Taking into account the latest results, Mapletree Commercial Trust's eleven analysts currently expect revenues in 2021 to be S$473.3m, approximately in line with the last 12 months. Statutory earnings per share are forecast to plummet 56% to S$0.078 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of S$469.9m and earnings per share (EPS) of S$0.076 in 2021. So the consensus seems to have become somewhat more optimistic on Mapletree Commercial Trust's earnings potential following these results.
There's been no major changes to the consensus price target of S$2.02, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Mapletree Commercial Trust at S$2.44 per share, while the most bearish prices it at S$1.45. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Mapletree Commercial Trust shareholders.
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that sales are expected to slow, with a forecast revenue decline of 2.0%, a significant reduction from annual growth of 12% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.3% annually for the foreseeable future. It's pretty clear that Mapletree Commercial Trust's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Mapletree Commercial Trust following these results. On the plus side, there were no major changes to revenue estimates although forecasts imply revenues will perform worse than the wider industry. The consensus price target held steady at S$2.02, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Mapletree Commercial Trust. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Mapletree Commercial Trust going out to 2024, and you can see them free on our platform here..
And what about risks? Every company has them, and we've spotted 5 warning signs for Mapletree Commercial Trust (of which 2 don't sit too well with us!) you should know about.
Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected].
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.
Surprise to see high volume for this counter last Friday.... more surprise to see how it kill shortis towards 5pm....
But drop back by 3 during the matchup close
How will this on monday ??
But drop back by 3 during the matchup close
How will this on monday ??
BB ran road le! Today very huge volume! Maybe it is due to tension between US and China next week, Blood comes!
Climbing up steadily.
Very good.
Very good.
All rating changed to negative from stable by Moody!
hi guys,
sorry newbie question.
The dividend payout always " 3 cash option" .
Can i know what does this means?
Anything we need to choose? Any action required from us?
sorry newbie question.
The dividend payout always " 3 cash option" .
Can i know what does this means?
Anything we need to choose? Any action required from us?
DIVIDEND
ANNOUNCED ON 2020-04-22
Rate or Price :
Declared Rate: SGD 0.0091 per security/unit
Cash Option 001: SGD (Default Option)
Tax Rate: 17%
Cash Option 002: SGD
Tax Rate: 10%
Cash Option 003: SGD
Has been going up past few days .... interesting. Time to go higher???
Actually if they didn' t retained 43m from the amount available for distribution, the DPU should be more than double of 0.91c.
I thought reits must distribute at least 90% of net profit, they retained it under a reason which I dun quite understand.
Maybe someone can explain.
I thought reits must distribute at least 90% of net profit, they retained it under a reason which I dun quite understand.
Maybe someone can explain.
john_ric ( Date: 22-Apr-2020 22:04) Posted:
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MapleTree owns Vivocity, PSA building and bank buidlings while CapitalMall owns the hearland shopping centers.
Which is a better REITs to buy?
Which is a better REITs to buy?
4q dpu cut to 0.91 cents per unit. (previous year 2.31 cents).... cut cut cut..
==$9.10 per 1000 shares.
==$9.10 per 1000 shares.