SGX Listed REIT

MAPLETREE COMMERCIAL TRUST (SGX:N2IU)


SGD 1.920
-0.020 / -1.03%
Share Price as of: 2019-05-17 17:06
Market / ISIN Code: SGX Mainboard / SG2D18969584
GICS® Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs


Mapletree Commercial Trust Blogger ArticlesMAPLETREE COMMERCIAL TRUST Blogger Articles SGX Listed MAPLETREE COMMERCIAL TRUST (SGX:N2IU) Blogger Articles N2IU.SI Blogger Articles
Investment Moats
Kyith
2019-05-19 05:40:02
IREIT Global Evolving with CDL’s Involvement – My Take on this 7.4% Yielder
At the end of April, City REIT Management, a subsidiary of City Development Ltd (CDL) purchase 50% of IREIT’s manager. City Strategic, also a subsidiary of CDL, purchase a substantial stake in IREIT itself. In November 2016, Tikehau Capital purchased a 80% stake in IReit’s manager. The rest of the stake is held by Chinese Tycoon Tong Jinquan and Soilbuild founder Lim Chap Huat. Tong Jinquan owns 297 mil units (47%), Chap Huat owns 33 mil units (5.2%), Tikehau Capital owns 52.6 mil (8.3%). In this deal, Tikehau Investment Asia Pacific bought back Tong’s stake in the manager. They then sold half the stake in the manager to City Reit Management, which is CDL’s arm in doing reit management. Now, Tikehau and City Reit owns roughly 50% each in the manager. Then, Tika
The Motley Fool Singapore
Sudhan P.
2019-05-10 16:02:03
Are Singapore-Focused Retail REITs Cheap Now?
Real estate investment trusts (REITs) own income-producing real estate assets such as shopping centres, offices, and, business parks. They are a popular investment vehicle for income investors since they give out regular distributions, usually every quarter. Before buying a REIT, though, we have to ensure we are getting enough value for the money we pay. To value a REIT, we can look at its price-to-book (PB) ratio and its distribution yield. The PB ratio is calculated by dividing the unit price of the REIT by its book value per unit (also known as net asset value per unit). In theory, a PB ratio that is below 1 means that the REIT is selling at less than what it is worth, and that makes the REIT undervalued. The distribution yield is similar to the dividend yield of a company. With that, l
The Motley Fool Singapore
Royston Yang
2019-05-10 11:27:59
3 Companies You Should Buy-to-Hold in Your CPF Investment Account
Singaporeans should be very familiar with the central goal of the Central Provident Fund (CPF), which is to help you retire comfortably. However, not many may be as familiar with the CPF Investment Scheme (CPFIS) that is tagged on to your CPF Ordinary Account (OA). Through this scheme, you can invest to earn better returns using your CPF Investment Account (CPFIA). The CPFIS allows you to purchase investments using your OA account but this is restricted to 35% of the “investible savings” for equities (i.e. shares and unit trusts) and another 10% for gold. The interest rate on the CPF Ordinary Account (OA) stands at 3.5% for the first S$20,000 and 2.5% thereafter. Therefore, the intention is for us to be able to at least beat the 3.5% “risk-free” rate which is being
My Stocks Investing Journey
Marubozu
2019-05-09 22:32:23
Diversify Your Investment with REITS
Find my interview as one of the panelists in insideINVEST. Panelists Kenny Loh (Senior Consultant of an Independent Financial Adviser) Chan Kum Kong (Head of Research and Product, SGX) Nupur Joshi (CEO, REITAS)   With growing interest in REITs and retail investors hunt for higher yields amidst the uncertainties in the macro environment, hear what our panel of experts have to say about S-REITs.   S-REITs have performed well over the past 10 years. What are your views of this asset class moving forward? Kenny: The FTSE ST REIT Index, which represents the Singapore REIT sector, has gone up by 114% in 10 years and translates to a compounded annual growth rate (CAGR) of 8.8% excluding dividend yield. The worst correction from the peak is about 22% during this 10-year period. Moving
The Motley Fool Singapore
Lawrence Nga
2019-05-07 13:44:01
10 Largest Singapore Shares Paying Quarterly Dividends
There are many shares in Singapore’s stock market that pay a dividend. Some pay a dividend on a quarterly basis, some do it semi-annually, while there are others who pay a dividend only once every year. A recent report from the local bourse operator Singapore Exchange Limited  (SGX: S68) shed some light on the 10 biggest stocks here that pay quarterly dividends. Here are some highlights from the report. Eight out of the top ten stocks on the list above are real estate investment trusts (REITs). Some of the names are CapitaLand Mall Trust (SGX: C38U), Suntec Real Estate Investment Trust (SGX: T82U), SPH REIT (SGX: SK6U), and Keppel REIT (SGX: K17U). Four out of the eight REITs are related to Mapletree. These are Mapletree Commercial Trust (SGX: N2IU), Mapletree Industrial Trust (SG
My Stocks Investing Journey
Marubozu
2019-05-05 23:09:52
Singapore REIT Fundamental Analysis Comparison Table – 5 May 2019
Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) continued the bullish rally raising from 866.27 to 869.49 (+0.37%) as compared to last post on Singapore REIT Fundamental Comparison Table on April 1, 2019. The REIT index continues to trade upward in the uptrend and currently getting very near to the immediate resistance of 875 (the previous high in 2018) after the recent minor correction which was supported by the 50D SMA.  Based on the current chart pattern and and momentum,  the sentiment is BULLISH and the trend for Singapore REIT direction is UP. All eyes will be focusing on whether the REIT index can break the 2018 high (875) and 2013 high (892) back in May 2013. We shall see whether the following fundamental REI
The Motley Fool Singapore
Lawrence Nga
2019-05-05 08:47:20
Mapletree Commercial Trust’s Share Price is Up 22%. Is it Still Cheap?
Mapletree Commercial Trust (SGX: N2IU), or MCT, is the owner of Singapore’s largest mall, VivoCity, together with MBC I, PSA Building, Mapletree Anson and MLHF. At its current price of S$1.96 (at the time of writing), MCT’s shares are up 22% in the last 12 months, from S$1.61. This raises a question: Is MCT still cheap given its strong returns? This question is important because if the REIT’s shares are cheap, it might still be a good opportunity for investors. Unfortunately, there is no easy answer. However, we can still get some insight by comparing MCT’s current valuation with the market’s valuation. The two valuation metrics I will focus on are the price-to-book (PB) ratio and distribution yield. I will be using the average PB ratio and distribution yield for the 39 REITs th
The Motley Fool Singapore
Tim Phillips
2019-05-04 14:33:28
Sembcorp Marine’s Latest Earnings: Massive Drop in Profit
Sembcorp Marine (SGX: S51) is a Singapore-listed company with business interests in the marine sector. It has three business segments; 1) Rigs & floaters 2) Repairs & upgrades and 3) Offshore platforms. Sembcorp Marine released its first-quarter earnings for the year ending 2019 yesterday morning. Let’s have a look at them in more detail. First quarter revenue and net profit came in at S$811 million and S$2 million respectively. This was a 31% drop in revenue while profit nosedived 68% year-on-year. Net asset value (NAV) per share came in at S$1.11 – relatively unchanged on the year. Moving on to the company’s balance sheet, its gross debt stood at S$3.99 billion while cash and equivalents came in at S$524 million. As such, net debt came in at S$3.46 billion implying a n
Aspire
Lim Si Jie
2019-04-25 12:59:06
3 Investment Strategies To Jumpstart Your Portfolio In 2Q19
In the first quarter of 2019, local benchmark Straits Times Index ended flat as investors juggled between worries about higher US recession risks and the impending outcome of the US-China trade talks. The only bright spot was the S-REIT sector as it outperformed on the Fed’s dovish interest rate hike forecast. The slowdown in hike came from lower GDP growth expectations and rising unemployment, leading to the inversion of US yield curve to heighten recession fears. According to DBS, here are three investment strategies for you to jumpstart your portfolio. Investors Takeaway: 3 Investment Strategies To Jumpstart Your Portfolio By DBS Strategy 1: ‘Peak’ Interest Rate, Uncertain Growth Environment Calls For Greater Focus On Yield/Defensive Stocks According to the Fed’s dot plot, they
DollarsAndSense.sg
Sim Kang Heong
2019-03-17 09:40:23
4 Stocks This Week (STI Reserve List) [15 Mar 2019] – Keppel REIT; MCT; MLT; MNACT
This week, news broke that big-name furniture and electronics retailer Courts Asia will be delisted from SGX after its acquisition by Nojima Asia Pacific, who would own 90.07% of Courts Asia, thus causing it to not fulfil the free float requirement to remain public. This comes after last month’s news that Singapore’s third largest telco, M1, will also be delisted, following its acquisition by a joint venture between Keppel Corporation and Singapore Press Holdings. Read Also: 4 Stocks This Week (M1 Acquisition) [28 September 2018] – Keppel; Keppel T&T; SPH; M1 One advantage of investing based on indices like the Straits Times Index (STI) is that it is self-regenerating. Index constituents are periodically reviewed (quarterly, in STI’s case) and reconstituted if particular stock
Aspire
Lim Si Jie
2019-03-08 14:11:18
REIThinking Your Investment Strategy
After steadily raising interest rates for the past 2 years, the Fed is indicating that it could take a pause from more interest rate hikes. The officials are signalling that they will wait and monitor the market before deciding whether the economy is strong enough for another rate hike. With interest rate risk deflating and the flight to safety trend, most S-REITs are showing significant positive return over end-2018 share price. KGI notes that this will continue to be the dominant trend moving forward. As such, despite recent capital gains, KGI believes that the current valuation of S-REITs is still moderately attractive for investors to enter into S-REIT investments. KGI: Ranking S-REITs On 4 Investment Criteria To help investors decipher which S-REITs to invest in, KGI categorised the S
Aspire
Lim Si Jie
2019-03-06 12:24:18
3 Strategies To Beat The Market Again
After ending 2018 on a bad note, the performance of the stock market in the first two months of 2019 has gave investors a reason to cheer. If you are looking to repeat the splendid performance, here are some strategies for you to consider. Investors Takeaway: 3 Strategies If You Want To Beat The Market Again By DBS Take Advantage Of Interest In S-REITs With Fed Chairman Powell re-iterating the Fed’s dovish stance to be patient on rate hikes, interest in REITs should sustain going forward. The consensus now appears to be zero rate hikes for this year as the Fed continues to monitor how the economy evolves. Previously, DBS recommended investors to focus on large cap REITs in resilient segments such as retail and industrial (warehouse and business parks). DBS likes these large cap REITs f
DollarsAndSense.sg
Dinesh Dayani
2019-03-06 10:17:57
S-REIT Report Card: Here’s How Singapore REITs Performed In FY2018
The US Federal Reserve has indicated that 2019 will likely see slower interest rate hikes. This comes on the back of mounting macroeconomic uncertainties, that has seen investors turn to less risky investments. This may benefit REITs in three ways: # 1 Traditionally, REITs take on a lot of debt to fund its capital-intensive property investments. Slower interest rate hikes in 2019 will ease the growing pressure on REITs, in terms of debt repayment. # 2 Markets are efficient – which means that prices of REITs would have taken into consideration that rate hikes would continue as normal. This stance of slowing down the interest rate hikes in 2019 is new information for the market, and may give REITs a boost. (Do note that most of this new information should already be priced into the markets
The Fifth Person
Adam Wong
2019-03-05 15:23:28
10% and beyond – how to earn a double-digit dividend yield from your investments
Whenever you mention income investing (or dividend investing) to certain investors, they may reply with one of many possible responses: “Dividends? I’m only earning 2-3% a year. That’s too low.” “If I’m earning a 3% dividend yield, I’ll need a large investment for my dividends to be worthwhile.” “I can make higher returns investing in growth stocks.” Do these sound familiar to you? Income investing is often viewed as a ‘slow and steady’ way to invest. If you look at the Straits Times Index, a basket of the 30 largest companies in Singapore, its dividend yield is only 3.60% (as at 28 February 2019). It’s a similar story in Malaysia and the U.S. – the FTSE Bursa Malaysia KLCI currently yields 3.18% and the S&P 500 yields 1.
Aspire
Lim Si Jie
2019-01-31 14:05:03
3 Things To Do If US-China Trade Talks Go Wrong
With the 90-day truce in the US-China trade war coming to a halfway mark, attention is now on the outcome of those talks. While the news so far appears to be indicating that the talks will end in a positive note, it is hardly a foregone conclusion. Things could still change in a swift if either party changes its mind. So, what happens if the US-China trade talks fall apart? Investors Takeaway: 3 Things To Do If US-China Trade Talks Go Wrong By DBS Stay Invested In REITs S-REITs managed to put in the second-best performance in 2H18 after healthcare. According to DBS, S-REITs should continue to garner investors’ interest as bond yields are still pressured by the Fed turning more dovish. The Federal Reserve’s previous guidance in December last year pointed to two interest rate hikes in
Investment Moats
Kyith
2019-01-30 06:54:22
Would PSA Move out of Mapletree Commercial Trust’s PSA Building in 2 Years Time?
As early as July 2016, I wrote about the uncertainties surrounding Frasers Commercial Trust (FCOT), a Singapore/Australia commercial office REIT. Of a few uncertainties, one of the biggest was that their anchor tenant HP Singapore and Enterprises moving out of their premises in Alexandra Technopark and into their own premises, built by Mapletree Industrial REIT. HP eventually moved out of ATP, agreeing to sign on to Alexandra Technopark on very short leases. My friend Caveman did observe something of a similar nature while reviewing Mapletree Commercial Trust’s recent results. Seeing the results triggered him to remember an order announced by local construction firm Lum Chang. The announcement was that Lum Chang worn a contract to build PSA Singapore’s corporate headquarters
Aspire
Lim Si Jie
2019-01-24 12:24:48
2019 Investment Strategies: 2 Sectors To Stay Defensive With In 2019
Weighed down by the US-China trade uncertainties, global growth is expected to slow down. Though a 90-day tariff truce was agreed in December, no concrete details of any potential trade deal have surfaced. In this article, we highlight two sectors DBS recommends investors that are looking to stay defensive. Investors Takeaway: 2 Sectors To Stay Defensive With In 2019 By DBS Consumer Goods Over the last few months, Singapore’s retail sales have seen a shift from consumer staples into more discretionary categories. This coincides with a survey by SingStat that F&B and retail businesses are expecting better prospects in the next six months. DBS notes that the consumer goods sector is attractively priced with the sector price-to-earnings below its 5-year historical average. With the he
A Path to Forever Financial Freedom (3Fs)
B
2019-01-23 21:49:16
Can SG Retail Scene Catch Up With Their Counterparts in HK?
Imagine yourself as a business owner who is looking out for a retail shop in an upper-scale mall located across either Singapore or Hongkong. The location could be located at the prestige Orchard Road or the Vivocity of Singapore or on the other sider at the oceanfront Harbour City or Times Square of Hongkong. Either location you choose are going to get you sales and visibility for your product or services, which based on historical evidence are evident on their traffic footprint.Singapore RetailI blogged earlier this month here on the 6th Jan 2019 on the back of SPH Reit's rental reversion results that we are going to see better days for Starhill, which I am very heavily vested in.Since then, Starhill's share price has went up from 67.5 cents to the closing price of 71





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