Looks like bo lui liao! Waiting for recovering from client and divestment to meet the payment for loans seems like it has difficulties in paying! It has occurred too many times and I think the great risk of defaulting may happen! Please dyodd.
After ex.dividend, the price has further corrected from 1.02 to 0.90 seem rather overly done!
The recent news from China side may also put some weight on China related counter.
At 0.915, yield is about 8%.
NAV 1.336. But Gearing is quite high slightly above 40%.
Not a call to buy or sell!
Please dyodd.
Yearly dividend is about 7.48 cents Yield is about 7.63%.
Please dyodd.
Today it has gone down to touch the low of 97 and rises up to hit 1.02 before closing at 1.00 looks like more or less the selling is completed.
The transacted volume is huge, looks like we may have seen the bottom.
This afternoon was deciding whether to get some unit at 97.5 cents while it was trading at 97 to 97.5 cents or Ascendas REIT at 2.65. I nibbled a bit of Ascendas REIT at 2.65 instead!
Results will be out on 27th July before trading commence cum dividend announcement.
Let's wait for the first half results and see how it fares from the current price of 1.00!
Please dyodd.
Wah, she is being pressed down to such a low level seem rather overly done!
She is being driven into a super extended oversold territory, I think likely to see a technical rebound!
Nav 1.336, yearly dividend of about 7.6 cents, yield is 7.6% for this China industrial, DC cum office reit seem rather interesting!
Not a call to buy or sell!
Please dyodd.
NAV0.827.
Yearly dividend of 5 cents.
Yield is above 6% at 0.815.
Net cash position.
But cash flow is slightly negative.
Recently, the director bought back some share.
This might be an indication that the price is undervalued .
Please dyodd.
QAF core businesses are into Bakery, Distribution and Warehousing!
Our branded packaged breads are Gardenia and Bonjour. We are the region's leading manufacturer and distributor of the premium Gardenia brand of packaged bread, the top selling brand in Singapore, Malaysia and the Philippines.
Each day, Gardenia bread is delivered 'straight from the oven' by our fleet of some 1,900 vans and trucks to about 78,000 supermarkets, convenience stores and general trade channels all over Singapore, Malaysia and the Philippines.
To provide greater convenience and accessibility to Gardenia products, the company became the first bakery in Singapore to introduce the loaf bread vending machine. These vending machines are located in selected high-density residential areas and corporations to serve consumers 24 hours a day, rain or shine.
The company has a multi-brand portfolio, with bakery brands such as Bonjour and Bonjour Delights to cater to different consumer tastes. Since 1998, Bonjour has been carrying its own range of white, wholemeal and speciality breads, as well as croissants and buns. Bonjour seeks to deliver tasty and affordable products with interesting flavours such Bonjour Choc Chip Raisin Loaf and Bonjour Butterscotch Loaf. In 2017, Bonjour was awarded “Top Influential Brand” status in the Bread Category. The Bonjour Delights brand was launched in 2021 to target price-sensitive consumers seeking nostalgic local bakery products.
Garde7nia operates two bakery plants in Singapore, while the SpreadsThe Group has developed a line of bread spreads to complement its wide range of breads and bakery products.
In Singapore, Ben Foods has a range of spreads comprising of Cowhead Butter, Cowhead Dandelion Spread (soft margarine), Cowhead Cream Cheese Spread and Cowhead Dandelion Margarine Block, a shelf stable margarine that is ideal for cooking, frying and baking.
In 1997, Gardenia Malaysia launched Auntie Rosie’s line of kaya spreads. The Original Homestyle Kaya and Natural Pandan Kaya spreads have become very popular with young and old alike.
To cater to the demand for competitively priced tasty and quality bread spreads, Gardenia Malaysia also launched two new and exciting chocolate spreads in 2015. They are the rich-tasting and creamy Delicia Hazelnut Chocolate Spread and Delicia Milky Chocolate Spread. The spreads were initially launched on a small scale and were so well received that they now come in upsized 375g jars and are sold in over 8,000 outlets in Malaysia.
In 2022, Gardenia Malaysia introduced a new variant to its spread range, the Gardenia Delicia Salted Caramel, a flavoured chocolate spread. The creamy, thick textured and rich caramel taste chocolate spread comes in 2 pack sizes: 200g and 375g.
As part of Gardenia Philippines’ expansion into the non-bread category, the company introduced Gardenia Malaysia’s Delicia chocolate spread into the local Philippine market in 2017.Our distribution and warehousing activities are wholly integrated and supported by our own fleet of refrigerated trucks, multi-temperature storage, logistics and distribution facilities.
We import and distribute a wide variety of food and beverage products including meat, milk and dairy products, frozen vegetables, soups, pastries, noodles, confectionery, sauces, spreads, snack products, wines and juices.
Ben Foods’ own proprietary brands of food products have not only become familiar household names, but are exported regionally to countries such as Malaysia, the Philippines, Myanmar, Laos, Cambodia, Hong Kong, Taiwan, Macau, Brunei, Indonesia, Vietnam and Bangladesh.
Our house brands comprise the Cowhead range of quality milk and dairy products, Farmland processed food products, Farmchef (frozen potatoes and meat), Haton (seafood products), Orchard Fresh (beverages) and Spices of the Orient (sauces and seasonings).
We strive to strengthen our proprietary brands by launching new, innovative and functional food products each year.
In 2022, we launched the Cowhead range of creamy instant noodles. This range includes a variety of Asian spicy and western pasta flavours. Cowhead creamy instant noodles are being promoted to be cooked with Cowhead UHT milk as a strategy to further strengthen the brand through product synergy.
Our customers are the foodservice sector and include food manufacturers, fast-food chains and restaurants, supermarkets, wholesalers, independent retail outlets, hotels, hospitals, bakeries, in-flight kitchens and ships.
Our Wine & Spirits division represents and distributes wines from various countries, including France, Italy, Spain, Chile, Argentina, South Africa, Australia and New Zealand. plant in Johor, Malaysia called Farmland Bakery, which produces bakery pWe have an extensive operations and distribution network across the Asia-Pacific region including Singapore, Malaysia, the Philippines, Australia, Myanmar, Cambodia, Hong Kong, Taiwan, Macau, Brunei, Indonesia,Vietnam, Laos and Bangladesh.We employ more than 9,000 people regionally and are listed on the Singapore Exchange.
Frasers L&C Tr - I think good price is back! Yield of 6.2%, gearing 28.6%.
She is being pushed down to an oversold territory! At 1.18, yearly dividend is about 7.29 cents, yield is about 6.2% .
I think current weakness in price could be due to AUD ex.rate is weakening against SGD.
Plus higher Operations costs that is eating into the distribution income. But with higher rental reversion hope can cover some of these operations costs.
NAV 1.276.
She is hovering at the support level of 1.17.
Next support is at 1.13.
Not a call to buy or sell!
Please dyodd.
One of the rare local retail reit counter I think is gd to put into our watch list or portfolio!
It might be a gd passive income option.
With the recent acquisition of Nex shopping mall i think Npi may rise. Dpu may be maintain due to higher financial cost.
Frasers Centrepoint Trust (“FCT”) is a leading developer-sponsored retail real estate investment trust (“REIT”) and the largest suburban retail mall owners in Singapore. FCT’s property portfolio comprises nine retail malls and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities. The retail portfolio has approximately 2.9 million square feet of net lettable area with over 1,800 leases with a strong focus on providing necessity spending, food & beverage and essential services.
FCT is among the top-ten largest Singapore REITs (“S-REITs”) by market capitalisation. It is also an index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), FTSE ST Real Estate Investment Trust Index, MSCI Singapore Small Cap Index and the SGX iEdge S-REIT Leaders Index.
Frasers Centrepoint Trust's portfolio comprises high quality suburban retail malls and an office building, all located in Singapore. The retail malls include Causeway Point, Century Square, Changi City Point, Hougang Mall, NEX (effective 25.50%-interest), Northpoint City North Wing (including Yishun 10 Retail Podium), Tampines 1, Tiong Bahru Plaza, Waterway Point (50.00%-interest) and White Sands. The office building is Central Plaza, which is connected to the retail mall Tiong Bahru Plaza.
FCT's properties are located next to or near the MRT stations and bus interchanges and in populous residential areas. The retail malls enjoy high shopper traffic comprising residents and the commuters. FCT strives to offer pleasant and comfortable shopping experiences for all its shoppers that will encourage them to keep coming to its malls. FCT strives to be a fair and value-adding landlord through competitive lease rates, upkeep and enhancement of its retail and office properties, and be the preferred choice of tenants and stakeholders.
Occupancy rate of 99.2% is considered very good as it means that their rental spaces are fully occupied and generating rental revenue that would likely provide a stable dpu distribution rate.
Gearing of 39.6% is slightly high but is still below 40% and a distance from the Max limitation of 50%.
NAV is about 2.32. Yearly Dividend of about 12.2 cents. Yield is about 5.7% which is quite good!
Yearly dividend is about 14.4 cents.
Yield is about 3.8% at 3.75. Tbills is also giving about the same interest rate and much lower risk. SSB 3.06% also provide another alternative option.
I think she has to go lower in order to attract some bargains hunter. It has to be more than 4% yield in order to see some buying activities..
I think 3.50 might be good pivot point!
Not a call to buy or sell!
Please dyodd.
Gross Revenue increase 23.6% to 74.4m, swee!
Net Property Income increased 25% to 70m.
Dpu increase 3.3% to 7.29 cents.
Gearing 35.5%.
I think is a gd sets of financial results!
XD 2nd August. Pay date 30th August.
Yesterday it looks like some buying activities is back to support this beaten down healthcare reit judging from the high volume reflected on the chart. It has manged to bounce off from 3.66 to close well at 3.75 looks rather interesting!
I think is good to wait for market confirmation to see if it can reclaim 3.82 in order to find out if this was a throw-back reaction!
Please dyodd.
She has been sold down 13 cents to close at 3.67, doesn't look good!
The selling down volume is huge! I think is good to let it settle down before making any action!
At 3.67, yield is about 3.95% which is not bad for this healthcare reit counter!
results will be out on 26th July cum dividend.
Please dyodd.
Parkway Life REIT ("PLife REIT") is one of Asia's largest listed healthcare REITs. It invests in income-producing real estate and real estate-related assets used primarily for healthcare and healthcare-related purposes. As at 31 March 2023, PLife REIT's total portfolio size stands at 61 properties totalling approximately S$2.20 billion.
To deliver regular and stable distributions and achieve long-term growth for our Unitholders.
PLife REIT is firmly guided by its principle of staying prudent and focused in its growth strategy, focusing on:
As at 31 March 2023, PLife REIT has successfully expanded its total portfolio to 61 properties, including hospitals and medical centres in Singapore, Malaysia and 57 healthcare-related assets in Japan, worth approximately S$2.20 billion1.
As PLife REIT continues to be on the lookout for high-quality, yield-accretive acquisition opportunities in the region, it remains discerning and prudent in its approach of acquiring assets that are not only value -generating, but also preserve the long-term defensiveness of the overall portfolio.
Through proactive asset management, PLife REIT constantly strives to maximise portfolio performance in order to enhance the revenue-generating ability of its properties and ensure sustainable earnings for its Unitholders.
As part of PLife REIT’s initiative to drive organic growth and foster good Landlord-Lessee relationships, it seeks to work closely with its Lessees to understand their operational requirements and embark on Asset Enhancement Initiatives (“AEIs”) which are tailored to suit the needs of its healthcare operators and end users of the properties. Such strategic collaborative arrangements serve to benefit all parties and promote greater revenue sustainability for PLife REIT.
PLife REIT has, leveraging on its clustering/ partnering approach and good landlord-lessee relationships, successfully expanded its nursing home portfolio and completed 14 AEIs in Japan since its maiden entry in 2008 and one at its Malaysia property (Gleneagles Intan Medical Centre Kuala Lumpur).
Moving forward, PLife REIT remains committed to exploring and rolling out more of such AEIs across its entire portfolio to extract the greatest value from its properties. To further strengthen PLife REIT's earnings resiliency, it is also focused on consolidation efforts for its Japan portfolio to optimise operating synergies and achieve greater cost savings.
PLife REIT aims to maintain a strong financial position through prudent and dynamic capital and financial management, to ensure continuous access to funding at optimal cost, maintain stable distributions to Unitholders and achieve a steady net asset value.
As at 31 March 2023, PLife REIT's gearing was 37.5% which complied with the stipulated Aggregate Leverage limit1. The interest coverage ratio stood at 15.6 times2.
PLife REIT adopts a dynamic and pro-active approach for its liability and liquidity risk management. Our key liability and funding management strategies in support of our regional growth aspirations are:
1) To achieve diversified funding sources at an optimal cost
Diversify our funding sources from a panel of high quality banks, establishing and maintaining our Debt Issuance Programme and other financing sources to attain varied liability tenure, with the end objective of maintaining the most optimal financing cost mix.
2) To enhance the defensiveness of PLife REIT's Balance Sheet strength
Dynamically manage our debt maturity profile to ensure well-spread debt maturities and at the same time, to maintain an optimal capital structure.
Tactical approaches adopted in view of the above strategies are:
a) Conscientious effort in lengthening and spreading out the debt maturity period;
b) Cultivating and maintaining a panel of key banks to support our long term growth;
c) Establishing alternative source of fund. In this respect, PLife REIT, through its wholly-owned subsidiary, Parkway Life MTN Pte Ltd (the “MTN Issuer”), put in place a S$500 million Multicurrency Debt Issuance Programme to provide PLife REIT with the flexibility to tap various types of capital market products including issuance of perpetual securities when needed. On 6 December 2022, the Group issued a 6-year JPY5.0 billion and a maiden 7-year JPY6.04 billion fixed rate notes to pre-emptively refinance existing fixed rate notes due in 2023 and term out the JPY short-term loans drawn down for acquisition financing. As at 31 March 2023, there were five series of outstanding unsecured fixed rate
notes amounted to JPY19.84 billion3 (approximately S$202.6 million) issued under the Debt Issuance Programme, which diversified PLife REIT’s funding sources.
d) Minimising near-term refinancing risk through pre-emptive terming out current debts. With the new notes issuance, PLife REIT has effectively managed its debt maturity profile with no immediate long-term debt refinancing needs until February 2024.
PLife REIT adopts prudent financial risk management to manage the exposure to interest rate risk and foreign currency risk. Our policy is to hedge at least 50% (up to 100%) of all financial risks.
Interest rate risk is managed on an ongoing basis with the primary objective of limiting the extent to which net interest expenses could be affected by adverse movements in interest rates, by hedging the long term committed borrowings through the use of interest rate hedging financial instruments. For the foreign exchange ("Forex") risk management, we strive to hedge Forex risk on principal which will allow PLife REIT to maintain a stable net asset value, as the Forex fluctuation on foreign asset will offset the Forex fluctuation of the hedging instrument. We also aim to hedge the Forex risk on net overseas income which will provide PLife REIT with stability in distributable income, as PLife REIT will be shielded from exchange rate fluctuation on foreign income.
As at 31 March 2023, the Group has put in place Japanese Yen forward exchange contracts till 1Q 2027 and about 78% of interest rate exposure is hedged.
Chart wise, bullish
Parkway Life REIT ("PLife REIT") is one of Asia's largest listed healthcare REITs. It invests in income-producing real estate and real estate-related assets used primarily for healthcare and healthcare-related purposes. As at 31 March 2023, PLife REIT's total portfolio size stands at 61 properties totalling approximately S$2.20 billion.
To deliver regular and stable distributions and achieve long-term growth for our Unitholders.
PLife REIT is firmly guided by its principle of staying prudent and focused in its growth strategy, focusing on:
As at 31 March 2023, PLife REIT has successfully expanded its total portfolio to 61 properties, including hospitals and medical centres in Singapore, Malaysia and 57 healthcare-related assets in Japan, worth approximately S$2.20 billion1.
As PLife REIT continues to be on the lookout for high-quality, yield-accretive acquisition opportunities in the region, it remains discerning and prudent in its approach of acquiring assets that are not only value -generating, but also preserve the long-term defensiveness of the overall portfolio.
Through proactive asset management, PLife REIT constantly strives to maximise portfolio performance in order to enhance the revenue-generating ability of its properties and ensure sustainable earnings for its Unitholders.
As part of PLife REIT’s initiative to drive organic growth and foster good Landlord-Lessee relationships, it seeks to work closely with its Lessees to understand their operational requirements and embark on Asset Enhancement Initiatives (“AEIs”) which are tailored to suit the needs of its healthcare operators and end users of the properties. Such strategic collaborative arrangements serve to benefit all parties and promote greater revenue sustainability for PLife REIT.
PLife REIT has, leveraging on its clustering/ partnering approach and good landlord-lessee relationships, successfully expanded its nursing home portfolio and completed 14 AEIs in Japan since its maiden entry in 2008 and one at its Malaysia property (Gleneagles Intan Medical Centre Kuala Lumpur).
Moving forward, PLife REIT remains committed to exploring and rolling out more of such AEIs across its entire portfolio to extract the greatest value from its properties. To further strengthen PLife REIT's earnings resiliency, it is also focused on consolidation efforts for its Japan portfolio to optimise operating synergies and achieve greater cost savings.
PLife REIT aims to maintain a strong financial position through prudent and dynamic capital and financial management, to ensure continuous access to funding at optimal cost, maintain stable distributions to Unitholders and achieve a steady net asset value.
As at 31 March 2023, PLife REIT's gearing was 37.5% which complied with the stipulated Aggregate Leverage limit1. The interest coverage ratio stood at 15.6 times2.
PLife REIT adopts a dynamic and pro-active approach for its liability and liquidity risk management. Our key liability and funding management strategies in support of our regional growth aspirations are:
1) To achieve diversified funding sources at an optimal cost
Diversify our funding sources from a panel of high quality banks, establishing and maintaining our Debt Issuance Programme and other financing sources to attain varied liability tenure, with the end objective of maintaining the most optimal financing cost mix.
2) To enhance the defensiveness of PLife REIT's Balance Sheet strength
Dynamically manage our debt maturity profile to ensure well-spread debt maturities and at the same time, to maintain an optimal capital structure.
Tactical approaches adopted in view of the above strategies are:
a) Conscientious effort in lengthening and spreading out the debt maturity period;
b) Cultivating and maintaining a panel of key banks to support our long term growth;
c) Establishing alternative source of fund. In this respect, PLife REIT, through its wholly-owned subsidiary, Parkway Life MTN Pte Ltd (the “MTN Issuer”), put in place a S$500 million Multicurrency Debt Issuance Programme to provide PLife REIT with the flexibility to tap various types of capital market products including issuance of perpetual securities when needed. On 6 December 2022, the Group issued a 6-year JPY5.0 billion and a maiden 7-year JPY6.04 billion fixed rate notes to pre-emptively refinance existing fixed rate notes due in 2023 and term out the JPY short-term loans drawn down for acquisition financing. As at 31 March 2023, there were five series of outstanding unsecured fixed rate
notes amounted to JPY19.84 billion3 (approximately S$202.6 million) issued under the Debt Issuance Programme, which diversified PLife REIT’s funding sources.
d) Minimising near-term refinancing risk through pre-emptive terming out current debts. With the new notes issuance, PLife REIT has effectively managed its debt maturity profile with no immediate long-term debt refinancing needs until February 2024.
PLife REIT adopts prudent financial risk management to manage the exposure to interest rate risk and foreign currency risk. Our policy is to hedge at least 50% (up to 100%) of all financial risks.
Interest rate risk is managed on an ongoing basis with the primary objective of limiting the extent to which net interest expenses could be affected by adverse movements in interest rates, by hedging the long term committed borrowings through the use of interest rate hedging financial instruments. For the foreign exchange ("Forex") risk management, we strive to hedge Forex risk on principal which will allow PLife REIT to maintain a stable net asset value, as the Forex fluctuation on foreign asset will offset the Forex fluctuation of the hedging instrument. We also aim to hedge the Forex risk on net overseas income which will provide PLife REIT with stability in distributable income, as PLife REIT will be shielded from exchange rate fluctuation on foreign income.
As at 31 March 2023, the Group has put in place Japanese Yen forward exchange contracts till 1Q 2027 and about 78% of interest rate exposure is hedged.
Chart wise, bearish mode!
Looks like gd price is back!
With bullish pin bar appearing on the chart we may see a throw-back reaction from the current price level of 3.74.
NAV is about 2.33.
Yearly dividend is about 14.5cents.
Yield is about 3.87 % based on current price of 3.74
Not a call to buy or sell!
Please dyodd.
