The Trading Floor - April 2018

Discussion in 'The Trading Floor' started by nottibird, Apr 2, 2018.


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  1. sotong11

    sotong11 Well-Known Member

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    thank you ...thank you
     
  2. Amator

    Amator Well-Known Member

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  3. Amator

    Amator Well-Known Member

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  4. plutus2

    plutus2 Well-Known Member

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    good morning.. ah dow reverse!
     
  5. nottibird

    nottibird Moderator

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  6. nottibird

    nottibird Moderator

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    Waaaaaaaaaaaaaaaaaaaaa $ONG arrrr !!! Now 29/86 : 29.87. You goodah !!! CONGRATS !!!
     
  7. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 25): The manager of Suntec REIT announced a distribution per unit (DPU) of 2.433 cents for 1Q18, 0.3% higher than 1Q17 DPU of 2.425 cents.

    Distributable income came in at $64.8 million for 1Q18 ended March which was 4.8% higher compared to 1Q17.

    In 1Q18, Suntec REIT’s gross revenue of $90.7 million was 2.6% higher year-on-year. This was mainly due to higher contribution from Suntec Singapore and Suntec City mall but partially offset by lower contribution from Suntec City office mainly due to transitory downtime from replacement leases commencing progressively from March.

    The net property income of $63.0 million was 1.9% higher year-on-year which was similarly due to higher contributions from Suntec Singapore and Suntec City mall, partially offset by lower contribution from Suntec City office.

    As at March 31, the Singapore office portfolio achieved an overall committed occupancy of 99.5%. The committed occupancy for Suntec City Office was 99.1% while both One Raffles Quay and Marina Bay Financial Centre Properties enjoyed 100% committed occupancies.

    For the Singapore retail portfolio, the overall committed occupancy as at March 31 was 98.6%. The committed occupancy for Suntec City Mall was 98.6%, while the committed occupancy for Marina Bay Link Mall was 98.9%.

    In Australia, the committed occupancy for 177 Pacific Highway maintained at 100%. For Southgate Complex, the committed occupancies for the office towers and retail podium were 92.5% and 91.0% respectively.

    As at March 31, Suntec REIT’s debt-to-asset ratio stood at 35.2% while all-in financing cost was 2.73% per annum for 1Q18.

    For the projects under development, 9 Penang Road and 477 Collins Street, construction works are in progress and are scheduled to complete by end 2019 and mid 2020 respectively.

    On 477 Collins Street, Chan Kong Leong, Chief Executive Officer of ARA Trust Management (Suntec), says, “We are pleased to report that anchor tenant Deloitte, has exercised its expansion right for additional 2 levels, more than 2 years ahead of expected practical completion in 2020. The pre-committed occupancy for 477 Collins Street is now 45.8% with an additional approximate 9% of NLA with Heads of Agreement signed.”


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  8. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 24): Research houses RHB, CIMB, DBS and Maybank are maintaining their “buy” call on Ascendas REIT while OCBC is the only research house with a “hold”.

    A-REIT’s 4Q18 DPU grew 1.5% y-o-y, mainly due to the acquisitions of DNV/DSO in Singapore, 52 Fox Drive in Melbourne as well as 100 & 108 Wickham in Brisbane.

    The redeveloped 50 Kallang Ave, which was fully leased to Schneider Electric, also contributed.

    Gross revenue for 4Q18 rose 3.3% y-o-y to $215.7 million while full-year gross revenue increased 3.8% to $862.1 million.

    FY18 DPU was boosted by a one-off distribution amounting to $5.9 million or 0.20 cent per unit. Excluding this, DPU would have grown 0.3% instead.

    RHB says A-REIT has delivered yet another healthy quarter, aided by acquisition contributions and organic growth.

    A-REIT remains a prime beneficiary of the expected turnaround in Singapore’s industrial sector but looking ahead, the A-REIT is also seeking to tap into the US and Europe markets for potential acquisitions.

    “It remains our industrial sector top pick. Maintain ‘buy’ with a higher target price of $2.95,” says analyst Vijay Natarajan. RHB has a target price of $2.95.

    A-REIT saw a –6.8% reversion during the quarter, however CIMB analyst Yeo Zhi Bin says this was due to the –18.8% reversion for a car showroom lease on the ground floor of a high-specs industrial building. Excluding this, reversion would have been +2.4%.

    As at end FY18, gearing stood at 34.4% and A-REIT has debt headroom of $1 billion for further acquisitions, assuming 40% gearing.

    “We continue to like AREIT for its size and stability. As the largest business parks landlord in Singapore, it is a proxy to a stable and recovering sub-asset class as well as to Singapore’s Industry 4.0,” says Yeo. CIMB has a target price of $2.85.

    DBS says A-REIT remains one of the must-haves among Singapore REITs.

    Priced at a premium, A-REIT offers a steady 1% growth in DPU backed by a solid portfolio with the ability to acquire creatively, says analyst Derek Tan.

    In fact, Tan sees ample opportunities for the manager to deliver earnings surprises which include the REIT’s ability to re-let close to 12% of vacant space in its portfolio and acquisitions which the Street has not priced in.

    “While there are abundant opportunities available, the manager remains disciplined in its investment approach, which we believe is to buy more “income producing” assets rather than speculative builds,” says Tan. DBS has a target price of $3.00.

    Maybank has updated its model for A-REIT following weaker than expected 4Q18 results with DPU coming in slightly below its estimate although this was in line with the Street.

    After adjusting for recently announced deals, Maybank is lowering its forecast DPUs by 1-3%.

    “We continue to see A-REIT as the best proxy to recovering industrial sector fundamentals, given its concentrated business parks and high-specs portfolio,” says analyst Chua Su Tye.

    With a new CEO firmly in place, Chua expects a pick-up in growth momentum as it effectively recycles capital, which underlies its 3.5% three-year DPU CAGR estimate. Maybank has a price target of $3.05.

    Playing the contrarian, OCBC has a “hold” with on A-REIT with a higher fair value to $2.71.

    A-REIT’s 3.8% higher full-year gross revenue of $862.1 million formed 97.5% of the research house’s FY18 forecast while the 1.6% rise in DPU to 15.99 cents constituted 100.4% of its projection.

    OCBC analyst Andy Wong says A-REIT’s management has guided for slight improvement in rental reversions for FY19. Meanwhile, new CEO William Tay is actively looking at new markets with Europe and the US most probable destinations for inorganic growth and suburban offices and business parks as likely asset classes for acquisitions.
     
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  9. sotong11

    sotong11 Well-Known Member

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    Cleared all my dumbo.... from 29.98 to 29.99 ...
    :p

    well..got to give credit to bro NB for jio-ing ... otherwise ... would be a miss opportunity...

    I wonder hows our bank robbery queen... guess she has been laughing to the bank... n having sleepless night..


    hope all is well :)
     
  10. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 24): UOB Kay Hian is maintaining its “buy” call on Venture Corporation with a lower target price of $30.60.

    In a Monday report, analyst Foo Zhi Wei says Venture's share price has largely overreacted to Phillip Morris International’s (PMI) slower 1Q18 I Quit Ordinary Smoking (IQOS) growth in its key market of Japan.

    This was attributed to sales reaching an older segment of users in their 50s at a faster-than-expected rate, resulting in a slowdown in growth due to slower adoption.

    Nonetheless, PMI’s management reiterated that they remain on track to achieve their year-end target for IQOS.

    While growth in Japan had slowed down, PMI’s 1Q18 results showed IQOS’s share of market (SoM) saw a significant pick-up in other markets. European cities in Slovakia, the Czech Republic and Ukraine showed a near doubling in SoM on a q-o-q basis.

    Elsewhere in South Korea, growth momentum for IQOS continued to be strong, reaching a 7.3% SoM, compared to 5.5% in 4Q17.

    In addition, while there is no news with regards to US FDA approval, this is still expected to be secured within 2Q18.

    Meanwhile, Venture’s supplier for IQOS plastic components, Xiamen Intretech reported that 1Q18 revenue rose 11% y-o-y, but dropped 30% q-o-q due to production orders being seasonally high in 4Q17.

    In its management guidance, Xiamen Intretech remarked that 2Q18 orders for IQOS plastic components would be lower, which will result in 1H18 revenue falling by 0-15% y-o-y.

    “This translates to 2Q18 revenue coming in 2-32% lower q-o-q, by our estimates,” says Foo.

    The analyst notes that although revenue contribution from IQOS may stand out among the Test & Measurement/Medical/Others segments, there are also several other products that have driven the group’s growth in 2017 and expects this to continue into 2018.
     
  11. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 24): OCBC is maintaining its “buy” call on CapitaLand Commercial Trust (CCT) with a fair value estimate of $1.84 before speaking to the manager of the trust.

    CCT today announced that its 1Q18 DPU dropped 11.7% to 2.12 cents from 2.40 cents in 1Q17, despite a 7.5% y-o-y increase in distributable income of $76.6 million.

    Gross revenue for the quarter ended Mar 31 was 7.7% higher at $96.4 million compared to $89.5 million in the previous year.

    Property operating expenses decreased 2.3% to $19.2 million from 1Q17, mainly due to divestments of the properties as well as lower property operating expenses from other properties, bringing net property income to $77.2 million, 10.5% higher than $69.9 million last year.

    The trust’s growth was underpinned largely by a full-quarter contribution from the acquisition of Asia Square Tower 2 (AST2) and organic growth from CapitaGreen, but partially offset by divestments made.

    In a Tuesday report, analyst Andy Wong Teck Ching says, “DPU dipped 11.7% y-o-y to 2.12 cents as a result of an enlarged unit base arising from a rights issue exercise and conversion of convertible bonds in FY17. This accounted for 23.9% of our FY18 forecast.”

    Encouragingly, the trust managed to secure committed rents largely above its expiring rents in 1Q18.

    Committed rents at AST2, Six Battery Road and One George Street were all higher compared to the average expired rents, in-line with the continued office market recovery, as core Grade A CBD office rents rose 3.2% q-o-q to $9.70 psf/month in 1Q18.
     
  12. nottibird

    nottibird Moderator

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    This is so dangerous.
    Wild animals are not called wild for no reason.


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    Waaaaaa................. aa1a (17).gif

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    Waaaa.... SONG arrrr !!!

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    Waaa Piang......


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    Waaaaaaaaaaaaaaaaaaahahahahahahaha !!! aa1a (6).gif ......Best dah !!! aa1(8).gif


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    Waaaa...... expert in parking dah !!!


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    Woaaaaaaaaaaaaaaaaaaah !!!


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    Waaaaaaaaaaalau eh !!! aa1a (15).gif


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  13. sotong11

    sotong11 Well-Known Member

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    thank you bro NB.....
     
  14. nottibird

    nottibird Moderator

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    CONGRATS !!!


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  15. nottibird

    nottibird Moderator

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    aa1 (2).gif
     
  16. sotong11

    sotong11 Well-Known Member

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    Thank you bro ah ahwee... i unjeeped 2 batch of dumbo.... at 29.95/29.96
     
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  17. Amator

    Amator Well-Known Member

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  18. Amator

    Amator Well-Known Member

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  19. ahwee

    ahwee Well-Known Member

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    Morning Snipers... Congrats sis sotong & Bro NB on his big haul at Dumbo.
     
  20. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
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