Mapletree PanAsia Com Tr - She is slowly recovering after touching the low of 1.21 and closed higher at 1.29, looks like bargain hunters coming in to support! Yield is about 6.9 percent, solid! If she can reclaim 1.34 smoothly we may see her rising up further towards 1.40 and above! Do take note!

  Mapletree PanAsia Com Tr  - She is slowly recovering after touching the low of 1.21 and closed higher at 1.29, looks like bargain hunters coming in to support!

 Yield is about 6.9 percent, solid! If she can reclaim 1.34 smoothly we may see her rising up further towards 1.40 and above! Do take note! 

Mapletree PanAsia Com Tr  - I think seem like she is trading at crisis price! At 1.25, yield is about 7.1 percent,  NAV 1.71, Yearly dividend of 8.9 cents, Gearing is about 40 percent looks like great price is here! 

Pls dyodd. 

Mapletree PanAsia Com Tr  - I think boat is back! At 1.39, yield is about 6.4 percent,  NAV 1.73, Gearing is slightly above 40 percent. Do take note! 

One of the index reit counter that is yielding more than 6.3% I think might be a good pivot point! 

Pls dyodd. 

  Mapletree PanAsia Com Tr  - 3rd quarter results is out! Gross Revenue is up 0.8 percent to 241.5m, NPI is up 1.7% to 182.4m but Distribution is down 9.1% due to higher finance costs increasing 14%. Gearing 40.8%. 

Occupancy rate 96.7%.

XD 5th February. DIVIDEND 2.2 CENTS.

Pay date 14th March.  

I think results is so so. 

PLS dyodd. 

 — gross revenue and NPI both gained 10.1% and 8.7% YOY for 2Q24

— DPU down 8.2% YOY to 2.24 cents

— portfolio occupancy 96.3%

— gearing 40.7% with 79.9% debt on fixed

— Stable financial performance: Singapore drove growth with better performance while largely stable contributions from overseas properties were weighed down by stronger SGD

— Festival Walk: Sustained revenue supported by near full occupancy, shopper and tenant sales recovery, and continued progress towards rental stabilisation

 

. 

Mapletree Pan Asia Commercial Trust (“MPACT”) is a real estate investment trust (“REIT”) positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited (“SGX-ST”), it made its public market debut as Mapletree Commercial Trust on 27 April 2011 and was renamed MPACT on 3 August 2022 following the merger with Mapletree North Asia Commercial Trust.

Its principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the key gateway markets of Asia (including but not limited to Singapore, China, Hong Kong¹, Japan and South Korea).

MPACT’s portfolio comprises 18 commercial properties across five key gateway markets of Asia – five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. They have a total NLA of 11.0 million square feet and valued at S$17.1 billion. 

Within Singapore, they are:

• VivoCity – Singapore’s largest mall located in the HarbourFront Precinct;
• Mapletree Business City (“MBC”) – a large-scale integrated office, business park and retail complex with Grade A building specifications, supported by ancillary retail space, located in the Alexandra Precinct;
• mTower – an established integrated development with a 40-storey office block and a three-storey retail centre, Alexandra Retail Centre (“ARC”), located in the Alexandra Precinct;
• Mapletree Anson – a 19-storey premium office building located in the Central Business District (“CBD”); and
• Bank of America HarbourFront (“BOAHF”) – A premium six-storey office building located in the HarbourFront Precinct.

Outside Singapore, they are:

• Festival Walk, Hong Kong – a landmark territorial retail mall with an office component;
• Gateway Plaza, China – a Grade A office building with a podium area in Lufthansa sub-market within Beijing;
• Sandhill Plaza, China – a Grade A business park development in Zhangjiang Science City, a key business and innovation hub in Pudong, Shanghai;
• Japan Properties – nine freehold properties comprising five office buildings in Tokyo (IXINAL Monzen-nakacho Building, Higashi-nihonbashi 1-chome Building, TS Ikebukuro Building, Omori Prime Building and Hewlett-Packard Japan Headquarters Building); an office building in Yokohama (ABAS Shin-Yokohama Building) and three office buildings in Chiba (SII Makuhari Building, Fujitsu Makuhari Building and mBAY POINT Makuhari); and
• The Pinnacle Gangnam, South Korea – a freehold Grade A office building with retail amenities located in Gangnam Business District, Seoul.

MPACT is one of the three REITs sponsored by Mapletree Investments Pte Ltd (“MIPL” or the “Sponsor”), a leading real estate development, investment, capital and property management company headquartered in Singapore.

MPACT is managed by MPACT Management Ltd. (“MPACTM” or the “Manager”), a wholly-owned subsidiary of MIPL. The Manager aims to provide unitholders of MPACT (“Unitholders”) with a relatively attractive rate of return on their investment through regular and steady distributions, and to achieve long-term stability in Distribution per Unit (“DPU”) and Net Asset Value (“NAV”) per Unit, while maintaining an appropriate capital structure for MPACT.

2022 FY Financial results:

MPACT Achieves 65.4% and 62.6% Growth in FY22/23 Gross Revenue and Net Property Income

Full-year distribution per unit (“DPU”) totalled 9.61 Singapore cents.

Boosted by contribution from properties acquired through the merger1.

Better performance of core assets, VivoCity and Mapletree Business City (“MBC”), cushioned higher utility and finance costs in FY22/23. 

Positive rental reversion recorded by all markets except Greater China.

VivoCity’s full-year tenant sales set new record at over S$1 billion, and asset enhancement initiative (“AEI”) on Level 1 on track for opening from end-May 2023.

Improvement in shopper traffic and tenant sales at Festival Walk with the lifting of COVID measures and reopening of border with Mainland China.

Successfully renewed major leases at Bank of America HarbourFront, Festival Walk, Gateway Plaza and MBC during the year, adding to portfolio resilience.

Olam Group - Nice Breakout at 1.08! She is looking great to rise up to test 1.20 the next resistance level! Pls dyodd.

  Olam Group  - Nice Breakout at 1.08! She is looking great to rise up to test 1.20 the next resistance level! Pls dyodd.  

 Olam Group  - Chart wise,  she will need to cross over 1.08 in order to rise up towards 1.20 and above! Cutting price of 1.02, yield is a whopping 6.86 percent of which is a very good yield level. 

The compnay just bought back 750k share at 1.02, looks like current price is undervalued! Pls dyodd.  

Olam Group  - Chart wise,  gaining strength! Likely to rise up to retest 1.08 again!

 A nice breakout smoothly plus high volume would likely drive the price higher towards 1.20 and above! Yield is quite attractive at 6.8 percent. Pls dyodd. 

 Olam Group  - Another TH baby! Chart wise, bullish mode! Likely to test 1.10 than 1.20 and 1.29. Final dividend of 4 cents, yield is about 6.9 percent at 1.02! Do take note! 

The company just started buying back share today at 0.9906 for 376,500 share. 

XD 3rd May. 

Pay date 13th May.

Seem like the share has been overly beaten down due to the court case saga!

Look at Wilmar price also has been pressed down due to quite similar situation. Pls dyodd. 

Venture - Chart wise, she is doing a consolidation mode price patterns and may likely rise up to test 14.42 again! A nice and decisively breakout would certainly see her rising up further towards 15.25 and above! Pls dyodd.

 Venture  - Chart wise, she is doing a consolidation mode price patterns and may likely rise up to test 14.42 again!

 A nice and decisively breakout would certainly see her rising up further towards 15.25 and above! Pls dyodd. 

 Venture  - She is holding up well and may likely rise up ro retest the recent high of 14.42! A nice breakout accompanied with good volume woukd certainly drive the price higher towards 15.25 and above! Yield is pretty good at 5.33 percent!

Beyond that, she may rise up to test 16.00 than 16.38.

 Pls dyodd.  

Venture  - Looks like she may rise up to retest 14.42 again! A nice breakout smoothly would likely see her testing 15 to 15.23. Do take note! 

 Venture Corporation  - 4th quarter results is out! Gross Revenue is up 4.3 percent to 736.6m, Net profit is up 5.3 percent to 66.7m. FY total Revenue is down 21.7 percent to 3025m and Net profit is down 26.9 percent to 270m. Free cash flow is positive +100 percent to 439m. 

Net cash position of 1056m, zero debt. 

At 14.10, yield is about 5.32%.

Proposed Final dividend of 50 cents same as last year.

XD 7th May.

Pay date 21 May.

Outlook: A stronger 2nd Half for Y2024.

Pls dyodd. 

KepOakPacReit USD - She will need to cover the first Gap at 18.5 cents. Next, at 24.5 follow by 32 cents. We shall wait for Mr.MARKET to tell us!

 KepOakPacReit USD - She will need to cover the first Gap at 18.5 cents. Next, at 24.5 follow by 32 cents. 

We shall wait for Mr.MARKET to tell us! 

NAV is about 69 cents.

2 years later than the company may decide whether to resume the paying out of DPU.

Pls dyodd.

Paragon REIT - she is trading at 83 cents , yield is about 6 percent I think seem quite a good yield level to take note off! NAV is about 90 cents. Gearing is about 30 percent! Not bad to put into my watch list!

 Paragon REIT  - she is trading at 83 cents , yield is about 6 percent I think seem quite a good yield level to take note off! NAV is about 90 cents. Gearing is about 30 percent! Not bad to put into my watch list!  

 Paragon REIT  -2nd Half results is out!Dpu is of 2.6 cents I think is not bad! Gearing 30 percents, occupancy rate 98.1 percents. Gross revenue is up 3 percents to 145m, NPI is up 3.3 percent to 109m.

XD 13th February. 

Pay date  22nd March. 

At 84 cents,  yield is about 5.9%. 

NAV 91 cents.

Pls dyodd. 

FCT : Frasers Cpt Tr - Went there for dineer, very crowded! Very good traffic crowds plus business for FCT. At 2.19, yield is about 5.5 percent, seem quite good !

 FCT : Frasers Cpt Tr  - Went there for dinner, very crowded! Very good traffic crowds plus business for FCT. At 2.20, yield is about 5.5 percent, seem quite good ! 

 Today went to NEX at Serangoon to do some errands like duplicating the keys at 4th floor- Shoes & Keys at 4th floor. $4 per key not too bad! Bought some breads and saw the Japanese food fair at 1st level.  

Bought some pan cakes and nice strawberries.

Frasers Cpt Tr  -  On Monday she will included on the STI index component stocks counter likely to see some buying activities! At 2.18, yield is at about 5.5 percent of which I think is quite a good yield.  One of the rare local retail mall reit not too miss out! Pls dyodd. 

Frasers Cpt Tr  - SHE IS TRADING at quite a nice Yield level of about 5.49 percent at 2.20. Estimating yearly dividend od 12.07 cents. NaV  2.311, Gearing is below 40 percent looks like a good pivot point to monitor and buy on further weakness! Pls dyodd. 

On 18th March FCT will be included on the STI components index , likely to see some buying activities when trading near the actual date! 

Immediate support is at 2.15. Next support is at 2.10 and 2.00.

Do take note!

Yesterday had my dinner at one of the FCT mall , nice! Lai ah, Jiak! 

Get more juicy dividend and continue to support their mall. Awesome!

Private placement price of 2.18.

Advance DPU of 4.25 cents,  XD 1st February. 

FCT - She has managed to reclaim 2.30 and trading at 2.31 to 2.32 is rather bullish! Likely to continue to trend higher! 

Pls dyodd.

 *Frasers Cpt Trust*

— Strong operating performance: Retail Portfolio committed occupancy' at 99.9%, up 1.5%-pt y-o-y and up 0.2%-pt q-0-q

— Aggregate leverage 37.2% as at 31 Dec 2023, down from 39.3% as at 30 Se 23

— 1Q24 all-in cost of borrowing at 4.3% (4Q23: 4.1%)

Chart wise,  let's see if she can rise up to reclaim 2.30 level in order to continue this uptrend direction!

Pls dyodd.

Full Year results is out! 

Gross Revenue is up 1.8% to 184m.

NPI is up 1.1% to 129m.

DPU is down marginally 1.2% to 6.02 cents versus 6.09 cents last year! 

Gearing is 39.3%.

Gearing is expected to go down to 36.1% upon completion of divestment of Changi City Point.  

The Average costs of borrowing is 3.8% Slightly higher than last year 3.7%.

Occupancy is 99%.

Please dyodd.

Wah, she is having a nice rebound today up 6 cents to 2.15  looks rather encouraging! 

The volume isn't that high!

Let's monitor and see if it will continue to trend higher towards 2.20 and above!

Results is due on 25th October. 

Pls dyodd.

The selling down has been too drastic!

At 2.06, yield is 5.92% for this retail reit counter that is fundamentally sound of which I think golden opportunity is here!

Chart wise, it may well go down to revisit 2.00.

next support is at 1.89-1.90.

Not a call to buy or sell!

Please dyodd.

 Divestment of the Changi Mall at 338M , Citi Analyst upgrade to buy with a price target of 2.51, Awesome!

Quote :

Citi Research analyst Brandon Lee has upgraded his call on FCT to “buy” given its improved gearing to 37.1%, making the REIT the lowest-geared retail Singapore REIT (S-REIT) among the REITs within his coverage.

FCT’s move will also give it sufficient debt headroom to make potential acquisitions that are accretive to its distribution per unit (DPU), Lee adds.

The recovery of retail revenue after Covid-19 is also another plus for FCT in the analyst’s book.

With all that in mind, Lee has increased his target price to $2.51 from $2.30. His new target price has an implied P/B of 1.08x in-line with FCT’s five-year pre-Covid-19 mean of 1.09x.

Chart wise,  bullish mode!

A nice breakout of 2.26 smoothly plus good volume that may likely drive the price higher towards 2.30 than 2.35 and above!

NAV 2.32. Yearly Dividend is about 12.2 cents. Yield is about 5.44% at 2.24. I think gd price level to monitor. 

Please dyodd.