China is world No 2 economy, therefore there are many China business related stocks in the world (Singapore, China, Hong Kong, Taiwan, US). The quality of China related stocks could vary significantly, including 111 S-Chip stocks in Singapore with 20% weak stocks are suspended and also some strong China stocks could double the share price in a short period. In this article, you will learn from Dr Tee on 4 China related Giant Stocks which are efficient in making money with strong business growth in Greater China market (China, Hong Kong, Taiwan). Bonus for readers who could read every words of the entire article, learning unique strategy for each giant stock. 1) Singapore All-Rounded Giant Stock (S-Chip / A-Share) – Tianjin Zhongxin Pharmaceutical Group (SGX: T14 / China

Information Technology (IT) is everywhere in modern world, a stock with strong IT related business would have bright future for investment.  Therefore, an investor may consider 28 IT stocks in Singapore, especially those defensive growth stocks. In this article, you will learn from Dr Tee on 4 Singapore IT Giant Stocks which are efficient in making money with economic moat but having mixed impacts during COVID-19 stock crisis. Bonus for readers who could read every words of the entire article: 7 global IT giant stocks. 1) IT Retail Giant Stock – Challenger Technologies (SGX: 573) 2) Software Giant Stock – Silverlake Axis (SGX: 5CP) 3) Data Center Giant REITs – Keppel DC Reit (SGX: AJBU) – Mapletree Industrial Trust (SGX: ME8U) Ne

Apart from just manoeuvring an economic downturn in 2020, everyone is also combating a very real health threat. The combination of this has also led to major disruptions in the way we live, work and play, accelerating economic trends that should have been years in the making. Along with this, the properties – including REITs – that enable us to live, work and play have all been impacted. In the short term, volatility may spark sharp rises and dips in market prices, in the longer-term, some types of properties may become less relevant entirely. In our REITs Report Card, which we publish each quarter, we look at how S-REITs have performed as a whole and individually. How Have Singapore REITs Fared In The YTD 2020? The iEdge S-REIT Index is a free-float market capitalisation weighted inde

Mapletree North Asia Commercial Trust (MNACT) is an SGX-listed REIT with retail and office properties in prime locations in China, Hong Kong, and Japan. On the back of sound fundamentals, MNACT seemed poised for further growth until its once-crown jewel Festival Walk mall got badly damaged by Hong Kong protestors in November 2019. (Festival Walk contributed to about 60% of MANCT’s revenue in FY19/20). As Festival Walk was restored and poised to open its doors again in the new year, COVID-19 struck soon after. Coupled with the pandemic that originated in China, MNACT’s market performance has thus been bleak. I wanted to find out how MNACT intends to deal with these challenges, so I attended its 2020 virtual AGM. Unfortunately (or otherwise), the AGM left me with more questions th

Basic Profile & Key StatisticsMapletree North Asia Commercial Trust (MNACT) previously known as Mapletree Greater China Commercial Trust (MGCCT), renamed after completion of Japan properties acquisition in May 2018. MNACT invests in both retail and office properties.Lease ProfileOccupancy is very high at 99.3%. WALE is short at only 2.6 years where the highest lease expiry of 26.9% falls in FY 22/23. 16.4% of its income received in JPY. Weighted average land lease expiry is short at 39.81 years.Debt ProfileGearing is slightly high at 39.6%. Cost of debt is low at 2.2% with 76.9% of unsecured debt. Fixed rate debt of 76% is slightly lower than SREITs median level. Interest coverage ratio is low at 3.2 times. WADE is moderate at 3.05 years, where highest debt maturity of 24% falls in the

Basic Profile & Key StatisticsMapletree Logistics Trust (MLT) listed on 28 July 2005, which is just nice 15 years ago. MLT invests in logistics properties in various countries like Singapore, Hong Kong, Japan, China, Australia, South Korea, Malaysia, and Vietnam. MLT is sponsored by Mapletree Investments Pte Ltd.Lease ProfileBoth occupancy of 97.2% and WALE of 4.3 years are at healthy level. The highest lease expiry of 24.2% falls in FY21/22. Income in SGD/major currencies is low at 53.7%., which means around 46.3% of income received in non SGD or major currencies. Weighted average land lease expiry is short at 51.41 years.Debt ProfileGearing ratio is slight high at 39.6%. Cost of debt is low at 2.3% despite high 90.5% of unsecured debt. Interest cover ratio is high at 4.8 ti

This article was first published on 19 June 2018 and updated with the latest information. This article contains links to our affiliate partners. DollarsAndSense may receive a share of revenue from your sign-ups. Real Estate Investment Trusts (REITs) is a popular type of investment in Singapore. In fact, it is so popular that Singapore has grown to become the largest REIT market in Asia ex-Japan. This is mainly down to two reasons. #1 REITs are essentially property investments. Singaporeans’ fascination for property investments stem from its meteoric rise since our island nation gained independence. Even on the back numerous property cooling measures enforced to reduce speculation in residential properties, sky-high prices mean that property investments remain out of reach for ordinary

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

Hi all, this is really a long post (warning), here are the subtopics I will be discussing.History of MNAC TrustDetermine the Discount Rate via Capital Asset Pricing Model (CAPM)Determining Net Profit Margin (NPI)Derive the ratio of NPI to Distributable Income to ShareholdersAnalysis of Japan Properties Acquired in 2018Analysis of MBP and OPB (Japan Properties Acquired in Dec 2019)Analysis on Sandhill PlazaAnalysis on Gateway PlazaAnalysis of Festival WalkSumming up altogether+ Intrinsic Value1. History of MNAC TrustFestival WalkFestival walk was developed jointly in 1998 by Swire and Citic Pacific and back then it was once the biggest shopping mall in HK once opened. It was then owned by Swire Properties and bought over by MNAC’s current sponsor Mapletree Investments @ 18.8 Billion so Sw

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

Now, all of us should aware that government had announced for a lot workplaces to be closed on Tuesday and school to closed on Wednesday until 4th May. There are quite some numbers of companies are exempted though. From what I see, this closure is more on retail and office instead of industry and logistics.Extracted from Ministry of Trade & Industry Facebook PageDue to this COVID-19, hospitality REITs get the first impact, people couldn't travel due to travel restrictions imposed by different countries. This followed by retail REITs which affected due to tourism, social distancing and now closure of non-essential services. Office REIT would be affected too, though some can be mitigate with "work from home" practice. If this situation continue, eventually industrial and logistics w

Based on 4Q 2019 Result. Click to Enlarge* Ascendas India Trust and Dasin Retail Trust are Business Trusts.The above table is extracted from spreadsheet in SREITs Data page.Dividend Yield:YieldAverageMedianLowestHighestHealthcare8.10%8.10%4.34%11.86%Retail9.16%8.32%5.48%18.13%Office8.18%7.55%4.97%12.02%Hospitality17.49%11.35%9.4%42.71%Industrial8.37%7.66%3.54%13.4%Logistics9.52%10.43%5.07%12.14%* Based on REIT Major SectorFinancial Metrics:Financial MetricsUnitAverageMedianLowestHighestPrice/ NAVtime0.790.710.151.91Market Cap, BS$2.00B0.96B0.17B10.04BProperty Yield (Annualized)%5.895.843.399.30Distribution on Management Feestime8.378.343.9719.02Distribution on Capital (Annualized)%4.114.091.605.64Distribution Margin%52.3554.9821.1771.32* SREITs in Foreign Currencies converted to

Another 2 more days, and we will enter 2020. For the investors, looking back at 2019, it has been a year filled with market excitements and the ever erratic Twitter messages from Mr Trump which most of the time causes Mr Market to react.My overall portfolio performance as follow:Dividend received = $16,800Profit from sale of stocks = $14,000Total profit 2019 = $30,800Below are my worst performing counter:SIA Engineering (-25%)Sing Shipping (-15%)Sunningdale Tech (-20%)Below are my best performing counter:UMS (40%)YZJ (22%)Mapletree North Asia Commercial Trust (19%)ComfortDelgro (18%)My transactions for 2019, I had added the following stocks from the last 2 weeks:HongKong LandGenting SGYZJSilverLakesSingapore O&GMoving into 2020, let us all HUAT together ... ... :)

I added 5,000 shares of Mapletree NAC Trust on 1stOct at $1.31 and another 5,000 shares on 15th Oct at $1.26 against the backdrop on the current situation in Hong Kong. It’s a share counter that I had been wanting to add for a long time but couldn’t manage to catch the price and the current unrest in Hong Kong gave me the opportunity to buy on weakness. It used to be known as Mapletree Greater China Commercial Trust (MGCCT) and got its new name after acquiring Tokyo freehold properties in May 2018. Despite having a portfolio of properties in China and Japan as well, 62% of its Net Property Income comes from Festival Walk, a suburban shopping Mall in Hong Kong which explains the drop in share price recently. While the protests in Hong Kong continues with no end in sight send many Hong K