Mapletree Investment is 100% owned by Temasek, a company with strength in private property funds and managing 4 Singapore giant REITs: 1) Mapletree Logistics Trust, MLT (SGX: M44U) – Giant Logistic REIT 2) Mapletree Industrial Trust, MIT (SGX: ME8U) – Giant Industrial REIT 3) Mapletree Commercial Trust, MCT (SGX: N2IU) – Giant Commercial REIT 4) Mapletree North Asia Commercial Trust, MNACT (SGX: RW0U) – Giant Commercial REIT Learn further on how to position in these 4 Singapore REITs after cross comparison. MLT and MCT are 30 STI component stocks while MIT is the next to consider in reserve list for STI. 1) History & Sponsor Among the 4 Mapletree REITs, MLT is the longest history in stock market (listed in year 2005), following by IPOs of MIT (Year 201

Like many REITs in Malayisa, Pavilion REIT’s share price has been hit by the impact of COVID-19. Listed in 2011, it owns four retail shopping malls and an office tower in the Klang Valley. Its portfolio includes the renowned Pavilion Kuala Lumpur Mall that is popular among tourists and locals including Pavilion Kuala Lumpur Mall, Elite Pavilion Mall, Intermark Mall, DA MEN Mall, and Pavilion Tower. Here are 14 things to know about Pavilion REIT before you invest: 1. Pavilion REIT derived 97.9% of its gross revenue in 2019 from its retail properties. Pavilion REIT’s office property, Pavilion Tower, contributes only a very small portion of the REIT’s gross revenue. Hence, the REIT can be broadly regarded as a pure-play retail one. Source: Pavilion REIT 2019 annual rep

Mapletree North Asia Commercial Trust (MNACT) is scheduled to report their FY2019 results later today after the close of trading.The Reits have been an investor's favourite for many years due to its staggering growth profile in the greater region of Beijing, Shanghai and Hongkong but with the tides turning, the question is if the market priced them in..Here's why I don't think they are a compelling buy yet.1.) Revenue and NPI to be severely impacted in Q4If we take a look across the results for Q3 (1 Oct to 31 Dec 2019), GR dropped by 36.3% YoY to S$67.3m and NPI dropped by 40% to S$50.8m.This is due to the closure of the Festive Walk mall since 13 November 2019 due to the HK riots and was only reopened on 15 January 2020. From a reporting point of view, that would mean a "lost" of 1.5 mon

Since Mapletree North Asia Commercial Trust’s (MNACT) IPO in March 2013, Festival Walk has been MNACT’s star performer with double-digit rental reversions year after year. However, the upscale mall situated in Kowloon Tong, Hong Kong, was heavily damaged by anti-government protestors in November 2019. Festival walk contributed about 62% of MNACT’s net property income in FY2019. As a concerned unitholder of MNACT, I attended the 2020 MNACT EGM to find out what happened at Festival Walk and what the management is doing to lower the concentration risk vis-à-vis Festival Walk. Here are eight things I learned from the 2020 Mapletree North Asia Commercial Trust EGM: 1. To accelerate the diversification of MNACT’s income streams, unitholders have agreed to the acquisition of tw

Real Estate Investment Trusts (REITs) are popular investments in Singapore, as they own a portfolio of properties and pay out relatively good distributions from the rental income they receive on the properties. In our REITs Report Card column, we feature the performance of REITs every quarter. How Singapore-listed REITs Performed In The Year-To-Date 2020 The first three months of 2020 has seen its fair share of volatility, with the ongoing US-China trade war sanctions, a generally slowing global economy, and also hit with Covid-19, a novel Coronavirus which originated in Wuhan, China. This has given rise to greater price fluctuations in the stock market in 2020. To gauge how Singapore-listed REITs have performed in the year-to-date (ytd) 2020, we take reference from the iEdge S-REIT Index

A strong start to the year that saw the signing of the first phase of the US-China Trade War deal being signed was unfortunately derailed by a black-swan event – the arrival of COVID-19. I had spent a significant amount of time in Hong Kong in January in which things had calmed down significantly. The retail industry was starting to recover and night hotspots like Lan Kwai Fong were noticeably bustling. On some days, it felt as though things had returned to normal. I conducted a field trip to Festival Walk, a shopping mall owned by Mapletree North Asia Trust that was shut down because of violent protests earlier in November. You can read more about it here: https://theasiareport.com/beyond-the-darkness-field-trip-to-festival-walk-after-reopening-mnact/ Since then, things have quietene

Real estate investment trusts, or REITs, have done extremely well as an asset class. Since the very first Singapore REIT, Ascendas REIT, was listed back in 2002, there has been a slew of IPOs for different REITs covering a wide variety of sectors and geographies. The 43 REITs and trusts listed on the SGX generated an average total return of 23% in 2019 and ended the year with an average distribution yield of 6%. Investors gravitate towards REITs due to their stable nature: REITs are essentially securitised bundles of investment properties that generate a steady, consistent rental income. Regulations stipulate that REITs need to pay out at least 90% of their earnings as dividends. As most REITs pay out either a quarterly or half-yearly dividend, they are viewed as pseudo-fixed income in

I have exceeded my monthly budget for the purchase of shares this month. Recently, I have added small portions of SATS, DBS and BOC HK. Not too long ago last year, I started a dividend portfolio basically focusing on more … Continue reading →

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.