Croesus Retail Trust today announces that they has entered into 2 Sale and Purchase Agreements to acquire 2 retail properties in Tokyo, Japan – Luz Omori and NIS Wave I. With the completion of the sale, DPU is expected to increase by 5.7% from 7.01 Singapore cents to 7.41 Singapore cents for the period from 1 July 2013 to 30 June 2014. The enlarged portfolio will comprise 6 retail properties and expand CRT’s NLA by approximately 9% to 198,148 sqm and grow its portfolio value by approximately 28.3% to JPY 67,830 million.
The acquisition of the 2 quality assets represents a strategic move that is yield-accretive to CRT. Luz Omori and NIS Wave I are two strategically-located retail properties in growing residential areas within Tokyo, which has excellent accessibility to major transportation nodes. It's diversified tenant base and strong competitive position will offer resilience and stability to the portfolio.
The financing of the acquisition is through a combination of net debt proceeds from new 5-year Japanese onshore debt of JPY 8,300 million and proceeds of JPY 6,128 million from the issuance of the Notes pursuant to its U.S.$500,000,000 Euro Medium Term Note Programme established on 3 January 2014.
With the latest proposed acquisition of the 2 new retail properties, CRT will have 6 retail properties portfolio on hand to manage. DPU has also been increased by 5.7% with the new acqusition. This piece of news is great for investors like us who are investing for income as the distribution had increased and we are riding on it without having to go into fund raising to acquire the 2 new retail properties.
27 February 2014
26 February 2014
Frasers Centrepoint Limited trending up
If you had been following my post earlier, I did mentioned that FCL is currently undervalued. If you had picked up FCL at $1.40, you will be smiling now. It was trading at $1.53 after today closing, which is a good 9.28% profit. FCL had been trading on upward trend since 2 weeks ago after it had been fluctuating between $1.40 to $1.42. The Net Asset Value of FCL is $2.15 currently, which is a discount of 35% to its NAV. I believe there will be more upward to come for FCL in the next 1 or 2 weeks hopefully if there is no major negative news being released.
21 February 2014
Croesus Retail Trust
Croesus Retail Trust (“CRT”) is the first Asia-Pacific retail trust with an initial portfolio located in Japan listed on 10th May 2013 on SGX mainboard through an Initial Public Offering (IPO) with an offer price of S$0.93. The first day closing trading price is S$1.145. CRT's current total number of issued shares of 229,118,000 shares, it's market capitalisation is approximately S$669.4 million at closing.
CRT’s principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located in Japan and across the Asia-Pacific region and real estate-related assets relating to the foregoing. The initial portfolio is located in Japan in order to create a core portfolio of stable income generating assets. This serves as a foundation for CRT to pursue development and acquisition opportunities in the Asia-Pacific region, to generate long-term capital value and long-term returns.
CRT is backed by its strategic partners Daiwa House and Marubeni who have contributed two Properties (approx. 41.1% of the Initial Portfolio based on the valuation by the independent valuer) and one Property (approx. 17.9% of the Initial Portfolio based on the valuation by the independent valuer) respectively. Both have granted CRT voluntary ROFRs to acquire further predominantly retail real estate assests across Asia-Pacific ex-Japan. Daiwa House is one of Japan's leading real estate business conglomorates while Marubeni is one of Japan's largest general trading companies.
CRT’s distribution policy is to distribute 100% of its Distributable Income for the period from the Listing Date to 30 June 2014 and from 1 July 2014 to 30 June 2015. Thereafter, CRT will seek to distribute at least 90% of its Distributable Income. The actual level of distribution will be determined at the Trustee-Manager's discretion.
CRT had 4 initial portfolios namely the AEON Town Moriya, AEON Town Suzuka, Luz ShinSaibashi and Mallage Shobu.
Aeon Town Moriya comprises a large shopping mall with approximately 135 retail units across a GFA of approximately 65,000 sq m. It is a closed mall, which means that all its stores are located in one roofed-building having a supermarket as an anchor tenant and multiple specialty stores. The property accommodates a wide variety of tenants. Parking spaces are located on the third floor, rooftop, and external areas.
The NLA of Aeon Town Moriya is distributed over four floors above ground as follows:
Aeon Town Suzuka comprises a large scale shopping centre with a GFA of approximately 41,500 sqm. Opened in June 2007, the property was built adjacent to Aeon Mall Suzuka, the second largest retail facility in Mie Prefecture, exceeded only by Aeon Kuwana Shopping Centre. The property was designed to complement Aeon Mall Suzuka, which also has the same operator, with both facilities featuring a diversified tenant mix and allowing for synergies with each other.
The property comprises 11 standalone structures located within a site area of approximately 90,000 sq m. The largest building is an open air mall located on the western side of the site with a diverse range of tenants focused on apparel and interior goods, including furniture, fashion and children’s and maternity wear.
The second largest building on the southern side has two units, comprising a home centre and a high-end fishing goods store at ground level, while the second floor is used for parking. A hot spring facility, a book store and six restaurant buildings are located on the eastern side of the property.
CRT Q2 FY 2013/2014 Financial Result released on 14 February 2014 indicate that their First Distribution Per Unit exceeds forecast for first half of FY 2014 by 3.1% and is paying their investors 5.24 cents per share. This property trust is attractive if you are interested in retail property in Asia Pacific or Japan at the moment. It works like a REITs, giving 90% of their distributable income after 30 June 2015. For now, they are giving 100% of their distributable income to their investors which is very appealing for the first year. I will be keen to invest on it when the price is right, probably after the exercise dividend.
CRT’s principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located in Japan and across the Asia-Pacific region and real estate-related assets relating to the foregoing. The initial portfolio is located in Japan in order to create a core portfolio of stable income generating assets. This serves as a foundation for CRT to pursue development and acquisition opportunities in the Asia-Pacific region, to generate long-term capital value and long-term returns.
CRT is backed by its strategic partners Daiwa House and Marubeni who have contributed two Properties (approx. 41.1% of the Initial Portfolio based on the valuation by the independent valuer) and one Property (approx. 17.9% of the Initial Portfolio based on the valuation by the independent valuer) respectively. Both have granted CRT voluntary ROFRs to acquire further predominantly retail real estate assests across Asia-Pacific ex-Japan. Daiwa House is one of Japan's leading real estate business conglomorates while Marubeni is one of Japan's largest general trading companies.
CRT’s distribution policy is to distribute 100% of its Distributable Income for the period from the Listing Date to 30 June 2014 and from 1 July 2014 to 30 June 2015. Thereafter, CRT will seek to distribute at least 90% of its Distributable Income. The actual level of distribution will be determined at the Trustee-Manager's discretion.
CRT had 4 initial portfolios namely the AEON Town Moriya, AEON Town Suzuka, Luz ShinSaibashi and Mallage Shobu.
AEON Town Moriya
The NLA of Aeon Town Moriya is distributed over four floors above ground as follows:
- the first floor comprises 71 retail units, focused on family fashion, sporting goods and supermarket
- the second floor comprises 49 retail units, focused on ladies’ and men’s fashion, an electronic goods store and a cinema
- the third floor comprises car parking space
- the fourth floor comprises rooftop space
AEON Town Suzuka
The property comprises 11 standalone structures located within a site area of approximately 90,000 sq m. The largest building is an open air mall located on the western side of the site with a diverse range of tenants focused on apparel and interior goods, including furniture, fashion and children’s and maternity wear.
The second largest building on the southern side has two units, comprising a home centre and a high-end fishing goods store at ground level, while the second floor is used for parking. A hot spring facility, a book store and six restaurant buildings are located on the eastern side of the property.
Luz ShinSaibashi
Luz Shinsaibashi consists of one basement level and seven floors above ground. Completed in September 2009, the property is one of the few new retail buildings along the Shinsaibashisuji Avenue.
Originally constructed in 1987, the reconstruction and opening of Luz Shinsaibashi has completely changed the image of the area into a trendier and more modern atmosphere. The property features an attractive façade with an eye-catching billboard of the anchor tenant, H&M Hennes & Mauritz AB. As it faces Dotonbori River and the bridge connecting Namba and Shinsaibashi stations along the Shinsabashisuji Avenue, the property boasts good visibility and is well positioned to attract the shoppers in the area.
Mallage Shobu
Mallage Shobu is a suburban shopping centre developed and managed by Sojitz New Urban. In addition, Sojitz New Urban developed and manages other two suburban shopping centres located in Saga and Chiba prefectures. Mallage Shobu is the most recently completed facility under the Mallage branding and continues to establish itself among the market.
Mallage Shobu comprises a large scale shopping mall with approximately 250 retail tenants across a sales area of around 67,000 sq m. Opened in November 2008, Mallage Shobu is the second largest retail facility in Saitama Prefecture, superseded only by Aeon Laketown which is the largest shopping centre in the whole of Japan.
The retail mall area is distributed over three floors above ground in the following manner:
Mallage Shobu comprises a large scale shopping mall with approximately 250 retail tenants across a sales area of around 67,000 sq m. Opened in November 2008, Mallage Shobu is the second largest retail facility in Saitama Prefecture, superseded only by Aeon Laketown which is the largest shopping centre in the whole of Japan.
The retail mall area is distributed over three floors above ground in the following manner:
- the first floor, which comprises 109 retail units, is focused on family fashion and home interior goods
- the second floor, which comprises 60 retail units, is focused on ladies' and men's fashion and lifestyle goods
- the third floor, which comprises 77 units, is catered towards young fashion and hobby/culture retailers
CRT Q2 FY 2013/2014 Financial Result released on 14 February 2014 indicate that their First Distribution Per Unit exceeds forecast for first half of FY 2014 by 3.1% and is paying their investors 5.24 cents per share. This property trust is attractive if you are interested in retail property in Asia Pacific or Japan at the moment. It works like a REITs, giving 90% of their distributable income after 30 June 2015. For now, they are giving 100% of their distributable income to their investors which is very appealing for the first year. I will be keen to invest on it when the price is right, probably after the exercise dividend.
19 February 2014
COE February 2014 2nd Open Bidding Result
Certificate of Entitlement (COE) premiums rose across all categories of vehicles in the latest bidding exercise. The biggest jump was seen in Category A, for cars up to 1,600cc and 130 brake horsepower. It is the second bidding exercise since changes were made to the classification of vehicles.
COE premiums for Category A surged by S$5,637, or nearly eight per cent, to end at S$77,201 despite several luxury models removed from the category and reclassified in Category B. Meanwhile, COE for larger, more powerful cars in Category B climbed S$3,304 or about four per cent to S$78,604. Premiums for commercial vehicles rose S$1,888 to S$52,890, while that of motorcycles ended higher at S$3,501, up S$450. The COE price for the Open category rose S$1,997 to S$79,000.
The COE prices does not seem to go down and in fact goes up tremendously especially in the Category A. Buying a new car seem very very far away for middle-income group unless you are born with a silver spoon. So the only option is either getting a resale car that still have a few years of COE lifespan or by renewing your current COE if you choose to continue to drive.
18 February 2014
18 February 2014 Portfolio update
| Stock Name | No of Shares | Average Price | Price |
| Mapletree GCC | 6000 | $0.88 | $5,266.14 |
| Frasers Centrepoint Ltd | 5000 | $1.56 | $7,817.44 |
| Total Invested Capital | $13,083.58 |
| Total Dividend Collected 2014 | $269.00 |
| Total Capital Gain 2014 | -$357.72 |
| Total Investment Gain 2014 | -$88.72 |
Today I decided to sell off my 5000 shares of HPH Trust that I am holding for 3 months as there is no sign of growth from the share value I invested on it. Even after the XD, the share value drop as much as 5 cents which is more than the dividend of 22.30 HK cents given. After deducting the dividend, suffer a loss of $175 approximately which I think is not a big loss as it free up some of my funds to invest on other good prospective stocks in the next coming months. The sad thing will be if there is a good prospective stock and there is insufficient funds to invest on it. So it is always wise to have some opportunity funds in the event there is correction in the market.
13 February 2014
Singtel 3Q FY 13/14 Result
SingTel reported a strong third quarter with net profit up 6% to S$872 million despite adverse currency movements. In constant currency terms, net profit would have increased 13%. Singapore and Australia consumer operations achieve strong EBITDA growth. Revenue per household and the number of customers on triple bundles continued to increase. Mobile customers in Singapore and Australia are upgrading their data plans and enjoying a faster data network.
The Group continued to register strong customer growth. As of 31 December 2013, the combined mobile customer base grew 9% or 40.9 million in the year to cross the half billion mark. Pre-tax earnings from the regional mobile associates increased 11% to S$506 million with strong performance from all the associates. In constant currency terms, pre-tax earnings would have been up 24%.
No dividend was declared in this quarter. Based on current share value at today closing of $3.57, Singtel gave 16.8 cents of dividend yield for FY 2013 which work out to be 4.7%. Just like Starhub, their dividend yield is approximately 4.72% per annum which are also giving attractive dividend for a growth stock.
The Group continued to register strong customer growth. As of 31 December 2013, the combined mobile customer base grew 9% or 40.9 million in the year to cross the half billion mark. Pre-tax earnings from the regional mobile associates increased 11% to S$506 million with strong performance from all the associates. In constant currency terms, pre-tax earnings would have been up 24%.
No dividend was declared in this quarter. Based on current share value at today closing of $3.57, Singtel gave 16.8 cents of dividend yield for FY 2013 which work out to be 4.7%. Just like Starhub, their dividend yield is approximately 4.72% per annum which are also giving attractive dividend for a growth stock.
12 February 2014
Frasers Centrepoint Limited 1Q FY 13/14 Result
Frasers Centrepoint Limited said in its maiden 1Q FY 13/14 quarter ended
31 December 2013, revenue and PBIT surged 87% and 62% to $631.6 million and
$176.2 million respectively from the previous corresponding period (1Q
FY 12/13).
The increases were largely due to higher development property sales across Australia, China, and the UK, as well as improved operational performance from the hospitality segment. In line with FCL’s higher PBIT, attributable profit (before fair value change and exceptional items) grew 67% year-on-year to $119 million.
The group achieved robust growth in 1Q FY 13/14, with solid performance across property and geographical segments. Australia was the key growth driver this quarter and the supply-demand dynamics in the market continues to validate their decision to focus on Australia as one of FCL’s key markets.
No dividend was declared in this quarter. Investors who are looking for growth stock can consider on FCL as their share value is currently undervalue and there is more room for growth in this company as they are listed not long ago and investors are still on the side-line waiting for better news coming from FCL.
The increases were largely due to higher development property sales across Australia, China, and the UK, as well as improved operational performance from the hospitality segment. In line with FCL’s higher PBIT, attributable profit (before fair value change and exceptional items) grew 67% year-on-year to $119 million.
The group achieved robust growth in 1Q FY 13/14, with solid performance across property and geographical segments. Australia was the key growth driver this quarter and the supply-demand dynamics in the market continues to validate their decision to focus on Australia as one of FCL’s key markets.
No dividend was declared in this quarter. Investors who are looking for growth stock can consider on FCL as their share value is currently undervalue and there is more room for growth in this company as they are listed not long ago and investors are still on the side-line waiting for better news coming from FCL.
11 February 2014
Hutchison Port Holdings Trust FY 2013 Result
2013 full year throughput of HPH Trust’s deep-water ports was 1% below last year. Combined throughput of HIT, COSCO-HIT and ACT was down by 2% year over year and YICT’s throughput was up by 1% year over year.
Revenue and other income for the full year was about the same as last year. NPAT and NPAT attributable to unitholders for the full year was 15% and 25% below last year respectively after payments of 2012 performance fee and acquisition related costs of ACT.
2013 full year Distribution Per Unit (“DPU”) is 41.00 HK cents. The Board of Directors has declared a half yearly dividend of 22.30 HK cents per ordinary share which will be payable on 28 Mar 2014.
Revenue and other income for the 4th quarter was 1% below last year. NPAT and NPAT attributable to unitholders for the 4th quarter was 34% and 47% lower than last year respectively mainly due to a couple of one-off items:
• One-off concession to shipping lines after industrial action in HIT
• Write off of upfront fee after US$3.6 billion bank loan refinancing
• Exchange loss from the conversion of USD into HKD for bank loan repayment
Continued focus by HPH Trust on managing cash flow through appropriate financing arrangements, managing CAPEX spending, controlling working capital needs and optimising capital deployment with the objective of providing stable and growing annual distributions to unitholders consistent with the outlook for our business.
Based on current share value at today closing of S$0.84, HPH Trust is giving approximately 7 cents of dividend yield for FY 2013 after Sing dollar conversion which work out to be 8.33%. The dividend yield has remained attractive but one thing to note that if the share value continue to drop, the distribution will also drift lower to keep the dividend yield at 7-8%.
06 February 2014
Starhub FY 2013 Result
Starhub FY 2013 total revenue decreased 3% to S$2.36 billion, contributed by lower equipment sales revenue. Net profit after tax increased 3% to S$371 million. Free cash flow decreased 30% for the full year with cash capital expenditure (capex) at S$302.8 million. The higher capex requirements were for the payment of the leasehold land for the construction of our cable TV network transmission centre. The Board of Directors has declared a propose final dividend of 5 cents per ordinary share, totaling 20 cents per ordinary share for FY 2013.
Based on current share value at today closing of $4.23, Starhub is giving 20 cents of dividend yield per annum which work out to be 4.72%. For investors interested in Telco stocks for stability, this is one of the best choice beside Singtel.
Based on current share value at today closing of $4.23, Starhub is giving 20 cents of dividend yield per annum which work out to be 4.72%. For investors interested in Telco stocks for stability, this is one of the best choice beside Singtel.
Frasers Centrepoint Limited Update
Thai billionaire Charoen Sirivadhanabhakdi is looking to raise up to
S$600 million through the listing of a Hospitality Real Estate Investment Trust in Singapore in
the second quarter. This listing would mark the first step toward the merging of property
assets of Charoen's business empire, which operates under the
Singapore-listed FCL and his TCC Group, after the Thai tycoon won
control of the drinks-and-property conglomerate Fraser and Neave in an
$11 billion deal last year.
Frasers Centrepoint ventured into the serviced residence management in 1998 through its subsidiary Frasers Hospitality Pte Ltd. From two flagship properties in Singapore, Frasers Hospitality has since expanded aggressively to become an award-winning global serviced residence owner and management company with Gold-Standard residences across Europe, North Asia, Southeast Asia, Middle East and Australia. Today, it offers about 8,000 apartments in over 30 cities.
If the listing of a Hospitality Real Estate Investment Trust came true in the second quarter, investors of FCL will probably be given a one time special dividend upon the listing of the Hospitality REITs. Sound pretty attractive and the bright vision from Charoen in shaping FCL towards a strong footage in the property market.
Frasers Centrepoint ventured into the serviced residence management in 1998 through its subsidiary Frasers Hospitality Pte Ltd. From two flagship properties in Singapore, Frasers Hospitality has since expanded aggressively to become an award-winning global serviced residence owner and management company with Gold-Standard residences across Europe, North Asia, Southeast Asia, Middle East and Australia. Today, it offers about 8,000 apartments in over 30 cities.
If the listing of a Hospitality Real Estate Investment Trust came true in the second quarter, investors of FCL will probably be given a one time special dividend upon the listing of the Hospitality REITs. Sound pretty attractive and the bright vision from Charoen in shaping FCL towards a strong footage in the property market.
05 February 2014
Singapore Post 3Q FY 13/14 Result
SingPost continues to invest in service quality and growth. Group revenue grew 30.2% to S$222.6 million from new acquisitions and e-Commerce related business. Excluding contributions from acquisitions, revenue increased by 9.3%.
The Group's net profit remained flat at S$39.4 million with continuous investments into transforming business especially in service quality and productivity in Singapore.
Net cash from operating activities was S$156.8 million, compared to S$129.6 million in the previous period, mainly due to higher operating cash flow and working capital changes. The Board of Directors has declared an interim quarterly dividend of 1.25 cents per ordinary share which will be payable on 28 Feb 2014.
Based on current share value at today closing of $1.315, SingPost is giving approximately 6.25 cents of dividend yield per annum which work out to be 4.75%. Not too bad for investors who is looking for low risk investment when the share price of SingPost does not fluctuate much.
The Group's net profit remained flat at S$39.4 million with continuous investments into transforming business especially in service quality and productivity in Singapore.
Net cash from operating activities was S$156.8 million, compared to S$129.6 million in the previous period, mainly due to higher operating cash flow and working capital changes. The Board of Directors has declared an interim quarterly dividend of 1.25 cents per ordinary share which will be payable on 28 Feb 2014.
Based on current share value at today closing of $1.315, SingPost is giving approximately 6.25 cents of dividend yield per annum which work out to be 4.75%. Not too bad for investors who is looking for low risk investment when the share price of SingPost does not fluctuate much.
COE February 2014 1st Open Bidding Result
COE price for small cars fell S$726 to S$71,564.
The premium for big cars recorded the largest decrease, falling S$3,700 to S$75,300.
Open category COE price went down by S$1,807 to end at S$77,003.
The COE price for commercial vehicles rose S$1,001 to S$51,002.
COE price for motorcycles recorded an increase of S$347, ending at S$3,051.
The bidding exercise on Wednesday is the first since COE quotas were cut by almost 13 per cent compared to the last exercise in January.
From this month, cars with engine power output exceeding 97kW (130 brake horsepower) will also be classified under Category B.
The COE prices keep on floating at the S$70k benchmark for Category A and B motor vehicles. People from middle income group had the toughest hit from the COE prices especially those with kids who required to send their kids to school early in the morning. I am one of them, had been looking at the COE prices for the past few months as my COE was expiring on March 2015.
Buying a new car is very expensive especially with so high COE prices. Getting a resale car is an option but need to check properly on the condition of the car from the previous owner. Another option is to renew my COE for another 5 years. This option seem to be the cheapest among the 3. First, I do not need to pay for the car installment anymore after my 10 years car loan. Secondly, I still get to drive a car for the next 5 years. Lastly, I know my car condition more than anybody. :)
04 February 2014
Hutchison Port Holdings Trust
Hutchison Port Holdings Trust ("HPH Trust") is the first publicly traded Container Port Business Trust listed on 18th March 2011 on SGX mainboard through an Initial Public Offering (IPO) with an offer price of USD$1.01. The first day closing trading price is USD$0.95. HPH Trust's current total number of issued shares of 8,795,976,880 shares,
it's market capitalisation is approximately USD$5.6 billion at closing.
HPH Trust is affiliated with Hutchison Port Holdings ("HPH"), the global leader in the container port industry by throughput and a subsidiary of Hutchison Whampoa Limited ("HWL").
HPH Trust's investment mandate is principally to invest in, develop, operate and manage deep-water container ports in the Pearl River Delta, while aiming to provide investors with stable and regular distributions as well as long-term Distribution Per Unit ("DPU") growth.
HPH Trust's portfolio consists of controlling interests in world class deep-water container port assets, namely Hongkong International Terminals ("HIT") and Asia Container Terminals ("ACT") in Kwai Tsing Port, Hong Kong and Yantian International Container Terminals ("YICT") in Shenzhen Port, PRC. HPH Trust also has 50% interest in COSCO-HIT Terminals ("COSCO-HIT") in Kwai Tsing Port. The assets also comprise certain port ancillary services and river ports complementary to the deep-water container ports operated by HPH Trust.
The share price had drop by 35% since the IPO on 18th March 2011 which could turn off investor to invest on this Trust due to their poor performance. However, from another perspective, this stock gives an annual dividend of approximately 9.4% per annum, which give an option to investor who is looking for high dividend yield stock.
HPH Trust is affiliated with Hutchison Port Holdings ("HPH"), the global leader in the container port industry by throughput and a subsidiary of Hutchison Whampoa Limited ("HWL").
HPH Trust's investment mandate is principally to invest in, develop, operate and manage deep-water container ports in the Pearl River Delta, while aiming to provide investors with stable and regular distributions as well as long-term Distribution Per Unit ("DPU") growth.
HPH Trust's portfolio consists of controlling interests in world class deep-water container port assets, namely Hongkong International Terminals ("HIT") and Asia Container Terminals ("ACT") in Kwai Tsing Port, Hong Kong and Yantian International Container Terminals ("YICT") in Shenzhen Port, PRC. HPH Trust also has 50% interest in COSCO-HIT Terminals ("COSCO-HIT") in Kwai Tsing Port. The assets also comprise certain port ancillary services and river ports complementary to the deep-water container ports operated by HPH Trust.
The share price had drop by 35% since the IPO on 18th March 2011 which could turn off investor to invest on this Trust due to their poor performance. However, from another perspective, this stock gives an annual dividend of approximately 9.4% per annum, which give an option to investor who is looking for high dividend yield stock.
Mapletree Greater China Commercial Trust
Mapletree Greater China Commercial Trust (“MGCCT”) is a Singapore Real Estate Investment Trust (“REIT”) listed on 7th March 2013 on SGX mainboard through an Initial Public Offering (IPO) with an offer price of S$0.93. The first day closing trading price is S$1.03. MGCCT's current total number of issued shares of 2,475,389,370 shares,
it's market capitalisation is approximately S$2.1 billion at closing.
MGCCT aims to invest, directly or indirectly, in a diversified portfolio of income-producing real estate in the Greater China region which is used primarily for commercial purposes (including real estate used predominantly for retail and/or offices), as well as real estate-related assets.
MGCCT is the first and only REIT that offers investors the opportunity to invest in best-in-class commercial properties situated in prime locations in both Hong Kong and Mainland China.
MGCCT’s investment mandate will include Hong Kong, first tier cities in China (Beijing, Shanghai, Guangzhou and Shenzhen) and key second tier cities in China (Chengdu, Chongqing, Foshan, Hangzhou, Nanjing, Suzhou, Tianjin, Wuhan and Xi’an).
MGCCT had 2 initial portfolios namely the Festival Walk in Hong Kong and Gateway Plaza in Beijing, China.
Festival Walk
A landmark territorial retail mall and lifestyle destination with an office component, located in the upscale residential area of Kowloon Tong, Hong Kong.
Gateway Plaza
A premier Grade A office building with a retail atrium located in the established and prime Lufthansa Area in Beijing, China.
MGCCT is definitely one of the best REITs investment portfolio that should be included as it had exposure from the China and Hong Kong market. The recent 3rd quarter result released on 23rd January 2014, indicated that their available Distribution Per Unit of 1.5181 cents exceeds forecast by 16.6%. 89% of the expiring leases in FY 13/14 had been renewed and they had minimised exposure to interest rate volatility by fixing interest cost on 71% of debt until end of FY 15/16.
MGCCT aims to invest, directly or indirectly, in a diversified portfolio of income-producing real estate in the Greater China region which is used primarily for commercial purposes (including real estate used predominantly for retail and/or offices), as well as real estate-related assets.
MGCCT is the first and only REIT that offers investors the opportunity to invest in best-in-class commercial properties situated in prime locations in both Hong Kong and Mainland China.
MGCCT’s investment mandate will include Hong Kong, first tier cities in China (Beijing, Shanghai, Guangzhou and Shenzhen) and key second tier cities in China (Chengdu, Chongqing, Foshan, Hangzhou, Nanjing, Suzhou, Tianjin, Wuhan and Xi’an).
MGCCT had 2 initial portfolios namely the Festival Walk in Hong Kong and Gateway Plaza in Beijing, China.
Festival Walk
A landmark territorial retail mall and lifestyle destination with an office component, located in the upscale residential area of Kowloon Tong, Hong Kong.
Gateway Plaza
A premier Grade A office building with a retail atrium located in the established and prime Lufthansa Area in Beijing, China.
MGCCT is definitely one of the best REITs investment portfolio that should be included as it had exposure from the China and Hong Kong market. The recent 3rd quarter result released on 23rd January 2014, indicated that their available Distribution Per Unit of 1.5181 cents exceeds forecast by 16.6%. 89% of the expiring leases in FY 13/14 had been renewed and they had minimised exposure to interest rate volatility by fixing interest cost on 71% of debt until end of FY 15/16.
Frasers Centrepoint Limited
Frasers Centrepoint Limited was listed on 9th January 2014 on SGX mainboard after she had demerged from the F&N group. For every 1 share of F&N, it's shareholders are given 2 shares of Frasers Centrepoint Limited. FCL commence trading with an opening price of $1.610. FCL's current total number of issued shares of 2,889,812,572 shares, it's market capitalisation is approximately S$4.3 billion at closing.
FCL had 4 main types of businesses namely Residential, Commercial, Hospitality and REITs.
Frasers Centrepoint Limited has major stakes in two Real Estate Investment Trusts (REITs) – Frasers Centrepoint Trust (FCT) and Frasers Commercial Trust (FCOT). Both the retail and commercial REITs have delivered strong growth and set new records for their respective distribution per unit, thereby, optimising returns for their unitholders.
As I had purchased a property from Frasers Centrepoint Limited, hence I am very keen in investing with this company as I strongly think that the current price is under valued. It is currently the third biggest property developers in Singapore which will be one of the big brothers in property market in the near future.
FCL had 4 main types of businesses namely Residential, Commercial, Hospitality and REITs.
Frasers Centrepoint Limited has major stakes in two Real Estate Investment Trusts (REITs) – Frasers Centrepoint Trust (FCT) and Frasers Commercial Trust (FCOT). Both the retail and commercial REITs have delivered strong growth and set new records for their respective distribution per unit, thereby, optimising returns for their unitholders.
As I had purchased a property from Frasers Centrepoint Limited, hence I am very keen in investing with this company as I strongly think that the current price is under valued. It is currently the third biggest property developers in Singapore which will be one of the big brothers in property market in the near future.
04 February 2014 Portfolio update
| Stock Name | No of Shares | Average Price | Price |
| Mapletree GCC | 6000 | $0.88 | $5,266.14 |
| HPH Trust S$D | 5000 | $0.87 | $4,328.94 |
| Frasers Centrepoint Ltd | 5000 | $1.56 | $7,817.44 |
| Total Invested Capital | $17,412.52 |
| Total Dividend Collected 2014 | $86.50 |
| Total Capital Gain 2014 | NIL |
| Total Investment Gain 2014 | $86.50 |
Although I had been trading for a couple of years, this is my first time blogging to document my portfolio update. Will try to update as and when I buy or sell my trade.
Today is the exercise dividend date for Frasers Centrepoint Limited. They are giving 1.73 cents per share which equate to $86.50. The payout of the dividend is on 18 Feb 2014.
Frasers Centrepoint Limited will be announcing their first quarter result ending 31 Dec 2013 before the start of trading on 12 Feb 2014.
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