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Agreed with u on the negative effect of interest rate on reits. Not sure why some bros still wan to buy? For this counter, will drop to $0.90....a matter of time. Its been struggling to move beyond $1 for so long. So the path of least resistance is Down. Once the effect of higher interest rate start to creep in in the next 2 quarters and other countries exchange rate drop further, its bye bye because DPU will drop further. I gave up and sold at $1.20 a few years ago. Not vested.
Maintaining my views on this stock...
tch77_pt75 ( Date: 22-Nov-2015 14:18) Posted:
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Might bounce to 1.06 for short term
More downside if Fed raise interest rate?
tch77_pt75 ( Date: 31-Aug-2015 21:11) Posted:
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I think the performance of this stock has been lousy:
a. Asset value has increased by 9 folds but what about the dividends and stock price?
b. How do we entice shareholders to re-invest using their earned dividends if the stock price is not attractive enough. If share price goes up, then the investors will be enticed. After that, share price will either go sideway or drop to a certain.
c. Share dilution due to re-investment
d. Potential of this share seems to be limited. Occupancy rate has been optimized and it seems very hard to increase their dividends to above $0.02 per share unless share consolidation. But this will lead to poor retailer sentiment.
e. If the current performance is partially attributed by low interest rate environment, then the performance will be on a more negative side ( with reference to the current performance ) when interest rate raises.
Just my personal observations
a. Asset value has increased by 9 folds but what about the dividends and stock price?
b. How do we entice shareholders to re-invest using their earned dividends if the stock price is not attractive enough. If share price goes up, then the investors will be enticed. After that, share price will either go sideway or drop to a certain.
c. Share dilution due to re-investment
d. Potential of this share seems to be limited. Occupancy rate has been optimized and it seems very hard to increase their dividends to above $0.02 per share unless share consolidation. But this will lead to poor retailer sentiment.
e. If the current performance is partially attributed by low interest rate environment, then the performance will be on a more negative side ( with reference to the current performance ) when interest rate raises.
Just my personal observations
bishan22 ( Date: 31-Aug-2015 19:43) Posted:
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All reits and trusts kapoo..........
masterbay ( Date: 31-Aug-2015 19:35) Posted:
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Annyone know what happened to the drop?
wonder will hit the high again a not...
Good dividend stock. 6.6% better than bank interest any time. gd luck dyodd
SURPRISING ON GROWTH
Beating our acquisition estimates, upgrade to BUY. We
upgrade our Call from HOLD to BUY and raised our DCF-based
TP of S$1.31. Recent acquisitions have placed the trust back on
a growth path with more to follow. Yields are attractive at
> 6.5%, with upside of 16%.
Australia, a new growth market. MLT has beat our initial
S$100m acquisition estimates for FY16F through sealing
c.S$300m worth of deals YTD. The latest being a A$253m
(S$261.5m) cold warehouse in Sydney, its first foray into
Australia. While initial yields appear low at 5.6%, we note the
property&rsquo s strong specifications and long term lease of 19 years,
supportive of valuations and earnings. The purchase is expected
to be fully debt funded (gearing to rise to 38.6% post deal) and
grow DPU by 1%. The manager targets to grow its Australia
portfolio to c.S$500m over the next 12-18 months. In addition,
we see further expansion opportunties in the medium term
through its sponsor pipeline, which are mainly under
development at this point.
Asset reconstitution strategy in place. MLT has demostrated the
ability to sell well in the past and is looking to divest certain
lower yield properties in Singapore and Japan where valuations
have increased due to compressed cap rates. Proceeds from
these divestments can be redeployed to higher yielding and
acquisitions with brighter growth prospects.
Valuation:
Our target price of S$1.31 is based on the discounted cash flow
(DCF) method. At its current price, MLT offers investors dividend
yields of 6.6%-6.9% for FY16-17F. We upgrade to BUY.
Key Risks to Our View:
Vacancy risks in Singapore worse than expected. Worse than
projected vacancy risks in Singapore from conversions over
2016-2017 could mean downside to estimates.
Recent acquisitions are yield accretive and should boost distributions for the upcoming year. Rental growth might be challenging but with a fair valuation and a decent dividend yield of 6.3% based on current prices, it should be a good addition for an income portfolio.
http://www.investark.com/Analysis44mlt2015.html
Results will be announced on 19 Jan 2015.
This 2 days price move up quite a bit.
Mapletree Logistic Trust.
Fundamental OK but over value.
http://mystocksinvesting.com/singapore-reits/singapore-reit-fundamental-analysis-comparison-table-14-dec-2014/
Technically this REIT is moving sideway.
Think twice before committing.......
tch77_pt75 ( Date: 22-Jun-2014 17:25) Posted:
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buy recommendation............
Recommendation
Attractive yields, BUY with TP of S$1.24. MLT has surpassed our acquisition targets (est. S$100m vs S$106.5m) and we have nudged our earnings upwards to account for the higher returns delivered. Maintain BUY, TP raised to S$1.24. Further upside will hinge on future acquisitions that we have not factored in as yet. (Read Report)
Today AGM presentation slide now available at company' s website. Quite easy to digest.
http://www.mapletreelogisticstrust.com/Investor-Relations/Overview.aspx
Secret_Squirrel ( Date: 03-Jul-2014 22:24) Posted:
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AGM on 15/07/2014 at 2:30pm at 10 Pasir Panjang Road, Mapletree Business City, Multi Purpose Hall - Auditorium, Singapore 117438
Adding more concerns on this stocks:
a. Asset value has increased by 9 folds but what about the dividends and stock price?
b. How do we entice shareholders to re-invest using their earned dividends if the stock price is not attractive enough. If share price goes up, then the investors will be enticed. After that, share price will either go sideway or drop to a certain.
c. Share dilution due to re-investment
d. Potential of this share seems to be limited. Occupancy rate has been optimized and it seems very hard to increase their dividends to above $0.02 per share unless share consolidation. But this will lead to poor retailer sentiment.
e. If the current performance is partially attributed by low interest rate environment, then the performance will be on a more negative side ( with reference to the current performance ) when interest rate raises.
Just my personal observations
a. Asset value has increased by 9 folds but what about the dividends and stock price?
b. How do we entice shareholders to re-invest using their earned dividends if the stock price is not attractive enough. If share price goes up, then the investors will be enticed. After that, share price will either go sideway or drop to a certain.
c. Share dilution due to re-investment
d. Potential of this share seems to be limited. Occupancy rate has been optimized and it seems very hard to increase their dividends to above $0.02 per share unless share consolidation. But this will lead to poor retailer sentiment.
e. If the current performance is partially attributed by low interest rate environment, then the performance will be on a more negative side ( with reference to the current performance ) when interest rate raises.
Just my personal observations
Quite true. What about your opinions under "points to ponder"?
cannot compare like that ma.
just like keppel and sem marine.
tch77_pt75 ( Date: 18-Apr-2014 07:39) Posted:
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