I have spent my previous two articles talking about Mapletree North Asia Trust whose main asset is Festival Walk. Festival Walk was extensively damaged  by protestors November and was force to shutter its doors for renovation and repair works. Initial reports had indicated that it would be shut for months. However management has pulled through and managed a soft reopening just before Chinese New Year. A Yahoo Article featured a couple of photos that frankly looked quite depressing… but what was the real picture on the ground? I visited it on the weekend to find out. I came after lunch at about 3pm and it was extremely crowded. The mall was by and large mostly open although there were some walkways and areas that were closed. Here are the photos & videos: Walking in, I was sligh

Mapletree North Asia Commercial Trust has gone through some tough months. Their main revenue-generating asset, Festive Walk, was caught in the middle of the Hong Kong unrest and was damaged to a certain extent. This uncertainty, have corrected its share price to as low as $1.12 from a high of $1.46. 2 days ago, the REIT announced its 3rd quarter results. There were no surprises that the revenue and income was down. Festive Walk had to close for 48 days in total and the office have to close for 13 days. The mall and the office has since reopened, and by all reports, the first few days were rather busy. The dividend per unit this quarter was 1.67 cents, which is 13.3% lower than the 3rd quarter last year. The management decided to top up the distribution from Mapletree Nor

Mapletree North Asia Commercial Trust In the previous article on Mapletree North Asia Commerical Trust (MNACT), we talked provided an overview of its business operations and it property overview. In this article, we are going to focus specifically on the events that transpired in November and whether MNACT is attractive at today’s valuation. As readers will know, Hong Kong has been rocked by months of unrest. There was hardly a week without seeing headlines of tear gas being fired and violent protests breaking out across Hong Kong. Violence hit the mall in November when radicals broke damaged the mall. Notably, a petrol bomb was hurled at its signature Christmas Tree that went up in flames. This vandalism ultimately forced it to close on November 13. Impact on Maple Tree North Asia C

Mapletree North Asia Commercial Trust Mapletree North Asia Commercial Trust (SGX: RW0U), or MNACT for short, is a real estate investment trust (REIT) that invests in best-in-class commercial properties located in China, Hong Kong SAR and Japan. This article will provide an overview of MNACT and in the next article, we will cover the on-going situation in Hong Kong and its impact on MNACT going forward. The REIT’s portfolio consists of nine properties – two located in China (Shanghai and Beijing), one in Hong Kong, and six in Japan (Tokyo, Yokohama and Chiba). Note that MNACT used to be called “Mapletree Greater China Commercial Trust” but changed its name in May 2018. MNACT is managed by Mapletree North Asia Commercial Trust Management Ltd, which in turn is a wholl

The weekly 4 Stocks This Week column on DollarsAndSense was started in 2017 with a simple objective was simple: to provide a convenient read each week for busy investors to stay updated with what is happening on the Singapore Exchange. 4 Stock This Week is not a recommendation from us to buy or sell any of the stocks that wke feature. Its purpose is to highlight interesting stocks that investors should be aware of, rather than to analyse these stocks. For this week’s edition, instead of the usual coverage of four stocks, we’ll do a year in review of the other 51 instalments of 4 Stocks This Week that our team has written in 2019. Over the past year (51 weeks), we’ve covered 123 SGX-listed stocks, 4 ETFs and 8 Daily Leverage Certificates. The most covered stock was Sas

Impact of Political Unrest on Hong Kong Stocks   I have had quite a few people ask me about the situation in Hong Kong and stocks like Mapletree North Asia Trust (of which their main asset, Festival Walk was recently damaged by protestors) and HongKong Land (owns significant amounts of office space in Central). Before talking about any of these ideas, it is important to appreciate and understand the political situation in Hong Kong. This isn’t a normal cyclical downturn and is something much more. I have included extracts from our latest letter to our own investors.   No Quick Resolution   The chances for a quick resolution to the Hong Kong situation is slim. Most of us tend to think of conflicts or events having a “one-off resolution” but in this case, the problem

REITs are a popular and important part of the Singapore Exchange (SGX). There are close to 50 listed REITs, property-related business trust and REIT ETFs in Singapore. There are also numerous other unit trusts invested into Singapore and foreign listed REITs in Singapore. To get a better understanding of how well or badly Singapore REITs have performed, we dedicate significant time and resources to publish a report card each quarter. If you wish to catch up on previous quarters, you can refer to our regular REITs Report Card column. Read Also: Complete Guide To Investing In Singapore REITs How Has Singapore REITs Performed In The Year-To-Date 2019 To gauge how the Singapore REIT market has performed in the year-to-date (YTD) 2019, we can look at the iEdge S-REIT Index and the iEdge S-REIT

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Dear readers, Mapletree North Asia Commercial Trust was in the spotlight recently as Hong Kong protests had caused damages its shopping mall Festival Walk in Hong Kong. Mapletree North Asia… The post OVERSOLD SINGAPORE REITS AND TRUSTS: CHEAP TO BUY NOW? appeared first on SG STOCKS INVESTING.

Dear readers, in my post yesterday, I shared how Mapletree North Asia Commercial Trust was under selling pressure due to damage caused by the HongKong protests to its Festival Walk… The post HONG KONG PROTESTS, HONGKONG LAND STOCK appeared first on SG STOCKS INVESTING.

Dear readers, Mapletree North Asia Commercial Trust closed 4.92% lower as the Hong Kong protests caused damage to its Hong Kong mall “Festival Walk”. The following video clip was what… The post DAMAGE TO FESTIVAL WALK SHOPPING MALL, HONG KONG appeared first on SG STOCKS INVESTING.

Real Estate Investment Trusts (REITs) are hugely popular investments in Singapore. The reasons for this lie in two key characteristics – 1) its focus on property investments, which Singaporeans just cannot get enough of, and 2) its ability to pay a good annual distribution yield of typically between 5% and 8%. It should come as no surprise that when a new $1.5 billion REIT initial public offering (IPO) is announced, there will be plenty of interest. To guide you in your assessment of whether to invest in Lendlease Global Commercial REIT’s IPO, here are 10 things you should know. # 1 What Is Lendlease Global Commercial REIT? Lendlease Global Commercial REIT will own properties primarily in the retail and/or office space. The initial REIT portfolio comprises two properties – 313@So

In the first eight months of 2019, Singapore’s benchmark Straits Times Index (STI), comprising the 30 largest and most liquid stocks listed in Singapore, delivered a total return of 4.8%. During this period, Singapore’s 30 most actively traded stocks in the first eight months delivered a total return of 11.5%, or more than double the STI. The top 30 most actively traded stocks comprised 24 stocks from the STI, and six additional stocks: Mapletree Logistics Trust (MLT) Suntec REIT Mapletree Commercial Trust (MCT) Mapletree North Asia Commercial Trust (MNACT) AEM Holdings Mapletree Industrial Trust (MINT) The six STI stocks that were not part of the top 30 most actively traded stocks, included: UOL Group SATS Sembcorp Industries Golden Agri-Resources Dairy Farm International Holdings

Hutchison Port Holdings Trust (SGX: NS8U) will be booted out of the Straits Times Index (SGX: ^STI), Singapore’s stock market bellwether. Instead, Mapletree Commercial Trust (SGX: N2IU), owner of Singapore’s largest shopping mall VivoCity, will take its place. The changes will be applied after the market close on Friday, 20 September 2019 and will be effective come Monday, 23 September 2019. The index’s co-creators – Singapore Press Holdings Limited, Singapore Exchange Limited, and FTSE Russell – made the announcement yesterday after the stock market closed. The shuffling is part of the September quarterly review of the Straits Times Index (STI). Differing fortunes   Hutchison Port Holdings Trust has not been performing well financially over the pa

As one of the most popular investments in Singapore, we keep a close eye on the performance of S-REITs. After the corporate earnings announcements each quarter, we compile a comprehensive summary on our REITs Report Card column. How Singapore REITs Share Prices Have Fared In 2019, So Far Before we look at how individual REIT prices have moved, let’s look at the broad S-REIT indices in Singapore. There are two main indices – the iEdge S-REIT Index and the iEdge S-REIT 20 Index. The iEdge S-REIT Index comprises all the REITs listed in Singapore, while the iEdge S-REIT 20 Index, as its name suggests, only comprise the 20 largest and more tradeable REITs on the iEdge S-REIT Index. Read Also: Complete Guide To Investing In Singapore REITs The chart below depicts the iEdge S-REIT Index fluc

This week's instalment takes a look at how the Hong Kong protests have hit investor sentiment for Mapletree North Asia Commercial Trust (SGX: RW0U).

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

Mapletree North Asia Commercial Trust (MNACT) is a REIT that owns nine commercial properties in China, Hong Kong, and Japan. As of 31 March 2019, MNACT’s portfolio of properties was valued S$7.6 billion. The ongoing protests in Hong Kong have made headline news around the world recently and I was interested to learn more about the REIT and how the protests would affect its business in Hong Kong. Here are 10 things I learned from the 2019 Mapletree North Asia Commercial Trust AGM: 1. Gross revenue grew 15.1% year-on-year to S$408.7 million and net property income grew 14.6% YoY to S$240.7 million. This was contributed by the acquisition of a portfolio of Japanese properties in May 2018 and higher rental income from Festival Walk, Gateway Plaza, and Sandhill Plaza.  So