Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) broke out from the 10 years resistance at 875 with significant increase in trading volume. The REIT index is currently retracing from the high 941.77 to  895.14 (-4.95%). Next immediate support zone is between 870 to 875 for a healthy correction.  Previous chart on FTSE ST REIT index can be found in the last post Singapore REIT Fundamental Comparison Table on July 1, 2019. Based on the current chart pattern and and momentum,  the sentiment is BULLISH and the trend for Singapore REIT direction is still UP. The recent selling can be a healthy correction before the REIT index can move higher.   Fundamental Analysis of 42 Singapore REITs The following is the compila

First published in Business Times on 2 August, 2019 By Mak Yuen Teen and Chew Yi Hong The third edition of the Governance Index for Trusts (GIFT) assesses the governance and business risk of 46 real estate investment trusts (Reits) and business trusts (BTs) listed on the Singapore Exchange (SGX). Four trusts are new to GIFT in the 2019 edition, having more than a year of listing status to allow us to assess them meaningfully. They are Cromwell European Reit, Keppel-KBS US Reit, NetLink NBN Trust and Sasseur Reit. The trusts that are ranked in the top five in GIFT 2019 are NetLink NBN Trust, Mapletree Commercial Trust, Keppel DC Reit, AIMS APAC Reit and Mapletree North Asia Commercial Trust (joint fourth). The average combined governance and business risk score has continued to improve s

By Mak Yuen Teen NetLink NBN Trust, one of the four new trusts included in the third edition of the Governance Index for Trusts (GIFT), has achieved the top ranking in its first year. This year, the governance and business risk of 46 out of the 50 real estate investment trusts (REITs) and business trusts (BTs) listed on SGX were assessed. Four trusts are new to GIFT in the 2019 edition, the other three being Cromwell European REIT, Keppel-KBS US REIT and Sasseur REIT. In general, the new trusts have fared well, with Keppel-KBS US REIT ranked joint sixth. The trusts that are ranked in the top 5 in GIFT 2019 are Netlink NBN Trust, Mapletree Commercial Trust, Keppel DC REIT, AIMS APAC REIT and Mapletree North Asia Commercial Trust (joint fourth). The average combined governance and business r

Ascott Residence Trust (SGX: A68U) is Singapore’s largest hospitality REIT with an asset value of S$5.5 billion as of 30 June 2019. The REIT’s portfolio consists of 74 properties in 37 cities across 14 countries, including cities such as Berlin, Guangzhou, Paris, Tokyo, and New York. ART reported an 8% year-on-year increase in distribution per unit (DPU) to 1.98 Singapore cents for its Q2 2019 earnings, while revenue was up 2% year on year, and distributable income was up 8% year on year. Investors should note that the distributable amount was affected by a realised exchange gain of S$3.1 million from the divestment of Ascott Raffles Place Singapore. Stripping this out, distributable income would have been up just 0.5% year on year at S$40 million versus S$39.8 million. DPU af

The introduction of Formula One Singapore Grand Prix since 2008 and the opening of two integrated resorts in 2010 have transformed the tourism landscape in Singapore. Since then, tourism has become one of the key economic pillars and currently contributes four percent to lion city’s gross domestic product (GDP).  To remain a competitive destination, the government has embarked on a series of initiatives to reinvent Singapore as an attractive destination and a vibrant global city. These include JEWEL Changi Airport, mega expansions at Marina Bay Sands (MBS) and Resorts World Sentosa (RWS), additional two new parks and an eco-resort at Mandai Nature Precinct as well as an integrated tourism development at Jurong Lake District.  In addition, the government will also develop new tourism at

S-REITs have been putting in a strong performance since the start of 2019. This continues to grow as a benign interest rate environment and a deteriorating macro backdrop shifts investors into S-REITs. According to MBKE, investors eyeing returns from both yields and growth should continue to find value in S-REITs. Among the S-REITs, here are five S-REITs that MBKE recommends for investors who are looking for yield and growth. Investors Takeaway: 5 S-REITs That Investors Should Own For Yield And Growth By MBKE Ascendas REIT A-REIT is the largest and most liquid REIT among the S-REITs. MBKE likes A-REIT for its scale and views A-REIT as the best proxy for a recovering industrial sector, thanks to its concentrated business-park and high-spec portfolio. Moving forward, A-REIT is planning to

Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) broke out from the 10 years resistance at 875 with significant increase in trading volume. The REIT index increased from 858.67 to 916.95 (+6.78%) and  as compared to last post on Singapore REIT Fundamental Comparison Table on June 3, 2019. The REIT index is entering in an uncharted territory after breaking new high and may head towards to 1000 points based on projection of 161.8% Fibonacci level. Based on the current chart pattern and and momentum,  the sentiment is BULLISH and the trend for Singapore REIT direction is still UP. However, the REIT index may go for a short term pause before moving higher.   Fundamental Analysis of 39 Singapore REITs The following i

Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) changed from 869.49  to 858.67 (-1.24%) as compared to last post on Singapore REIT Fundamental Comparison Table on May 5, 2019. The REIT index is currently facing immediate resistance of 875 (the previous high in 2018) and trading within a falling wedge consolidation range between 848 to 870.  Based on the current chart pattern and and momentum,  the sentiment is BULLISH and the trend for Singapore REIT direction is still UP with a pause. All eyes will be focusing on whether the REIT index can break the 2018 high (875) and 2013 high (892) back in May 2013. Another scenario would be a break down of the 848 immediate support and we will see a larger correction of REIT

Real Estate Investment Trusts (REITs) are a favourite investment for Singapore investors. This is primarily due to its property-heavy investments and relatively high distribution yields. REITs Share Price Performance In 1st Half 2019 The first aspect of figuring out how REITs have done in the first half of 2019 is to look at how its share price has moved in the year-to-date (ytd) 2019. The chart below shows the price movements of the SGX S-REIT 20 Index, comprising the top 20 REITs listed in Singapore. As we can see, its share price has increased 10.3% since the start of the year, to 1337.3. However, looking at the past quarter, prices does look like it has taken a slight dip. Source: ShareInvestor In general, REITs have had a strong performance, in terms of just price appreciation, in th

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Vicom   31,300 6.59 206,267.00 23.0% 2. Netlink Trust 236,000 0.83 195,880.00 21.0% 3. Far East Hospitality Trust     3,000 0.64     1,920.00   1.0% 4. Ho Bee Land        300 2.36        708.00   0.1% 5. Warchest    513,510.00 55.0% Total 918,285.00 100% Sell in May and go away.This month has been a brutal month as we see increased risk volatility in the market due to the US-China trade war, which pushed most major indexes and s

If you are new to investing on the Singapore Exchange (SGX), you may not know that some of Singapore’s biggest and most popularly traded companies are actually home-grown conglomerates which are run by some of Singapore’s richest families. Besides playing an integral part in growing Singapore to become the successful city-state that it is today, these companies have also generated good returns for its owners and investors over the past years. In this week’s edition of 4 Stocks This Week, we take a closer look at some of these local family empires to find out how well they have been performing. Haw Par Corporation Limited (SGX: H02) Haw Par Corporation and its subsidiaries is in the business of manufacturing and selling pharmaceutical and healthcare products. Its most recognisable bra

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

Far East Hospitality Trust (SGX: Q5T) reported a drop in its first-quarter DPU. Here's what investors need to know.

In the last part of this 6-part series, we highlight three REITs that investors can expect more to come in FY19, despite an unsurprising performance in 4Q18. Investors Takeaway: 3 REITs Which You Can Expect More In FY19 CDL Hospitality Trust Despite FY18 net property income (NPI) declining by 3.8 percent year-on-year, CDL Hospitality Trust managed to surprise on its DPU. The weaker FY18 NPI was due to the closure of Dhevanafushi Maldives Luxury Resort in Maldives and the divestment of Mercure Brisbane and Ibis Brisbane. The New Zealand segment also suffered due to the absence of sporting events. DPU, however, increased by 0.4 percent, which was above expectations due to higher-than-expected capital distribution from the sale of Mercure and Ibis Brisbane. Going forward, CIMB forecasts Rev

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhill Reit 377,000 0.755 284,635.00 30.0% 2. Vicom   31,300 6.79 212,527.00 23.0% 3. Netlink Trust 236,000 0.835 197,060.00 21.0% 4. First Reit 152,000 0.98 148,994.00 17.0% 5. The Hour Glass 106,900 0.80   85,520.00   9.0% 6. Far East Hospitality Trust     3,000 0.67     2,010.00   1.0% 7. Ho Bee Land        300 2.53        759.00   1.0% 8. Warchest     1,000     1

Current Price on 26th March 2019 = $0.675Yield = 5.93%  Price-to-book Ratio = 0.775Assets per unit = $1.417Debt per unit = $0.546 (including current liabilities and perp securities)Gearing = 38.5%Secured NAV = $0.871 (129% of trading price)Far East Hospitality Trust has risen by quite a bit this year at $0.675. I am vested with about 104,000 shares (I took scrip dividend) worth about $70,000. Let's take a look at the statistics.With a yield of 5.93%, it seems very low now compared even to its peers like CDL H-Trust, OUE Hospitality Trust, Fraser Hospitality Trust etc. But its price-to-book ratio is at 0.775 which means we are buying at a 23% discount to its valuation. It is ranked the best among its peers. Gearing is at 38.5% and because all its debts are unsecured, we have a sec

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhill Reit 377,000 0.70 263,900.00 29.0% 2. Vicom   31,300 6.48 202,824.00 22.0% 3. Netlink Trust 236,000 0.795 187,620.00 21.0% 4. First Reit 152,000 0.995 151,240.00 17.0% 5. Manulife Reit   81,000 US$0.85   92,759.00 11.0% 6. Hobee Land        300 2.51        753.00   1.0% 7. Warchest     1,000     1,000.00   1.0% Total 900,096.00 100% Earnings season is finally over so we are back to this muted season where the share price is just gyrating along with the overall trend of the market.I've ma

With all the earnings announcement done and dusted for the companies I’m vested in, it’s that time of the quarter where I’m ready to tally the amount of dividends that I will be receiving this quarter.For readers who are new to this blog, this is a sequence of exercise that I've been doing for the past few years usually after the earnings season ended. This tracking not only allows me to keep abreast of any development in the payout dates and the quantum amount but also more importantly reminds me of how far I’ve come since I embarked on this journey of dividend investing which is coming to almost a decade now. Since we are a household of 4, the incoming dividend also comes much handy when dealing with our increased household day to day spending.My Dividend Tree :)For tho