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@waynecheah3653 12 күн бұрын
You may want to consider buying microphone as there is background noise in the video
@Longtermalwayswins 13 күн бұрын
I will answer your thumbnail. If you keep buying keppel dc reit your buying to lose money
@HeahMinAn 13 күн бұрын
Oh, are you observing something? It would be worthwhile to learn from your view.
@zhaoyun7188 20 күн бұрын
What are the reasons for Keppel DC REIT surging to 52 weeks high?
@HeahMinAn 20 күн бұрын
Morning! It could be positive sentiments around: 1. Business recovery - DXC 2. Financial contributions from Tokyo DC yet to be accounted 3. News on the 40% rental reversions Are you intending to buy? On hindsight, Q124 was their business operations lowest point in revenue, net property income and distributable income. Since then, it rose steadily.
@zhaoyun7188 20 күн бұрын
@@HeahMinAn I don't know much about DC reits, but it may be due to the huge capital gain if Keppel DC Reit divests its data centers, this is why there is a huge premium of Price to Book is 1.7x. But I bet on Keppel Pacific Oak around 13 cents and sold all at 22 cents. About AK, he got very wrong on Bank of China, SATS, Tesla , BABA and most of all Manulife and Prime US reits when US Office reits were sold down and then they rebounded strongly.
@HeahMinAn 19 күн бұрын
@@zhaoyun7188 , I believe all is good when we understand our actions. It’s nice to have Keppel DC at 1.7 PB yet I don’t use PB because it’s a subjective rating. I’m happy with Keppel DC at 80% GPM & 60% NPM. Now, it’s price.
@SuperSnks Ай бұрын
Hi Min An, thanks for the sharing! I thought it was great to share the difference between financing cost and property yield (i.e the spread). However, would another consideration be that since they are 40% leveraged, the REIT would still be net positive. Also, that since the different properties are financed at different rates, i.e commercial | retail vs office, the weighted average cost of debt may not be representative of any specific assets underlying performance. It maybe more useful to access the historic distribution per unit (DPU )through the years. What do you think?
@HeahMinAn Ай бұрын
We could use the DPU as the indicator. A healthy growing DPU is an outcome of the business operations so this video documented more on the business operations perspective. That’s also a reason that AGMs are a good avenue to clarify my analysis with the management. Are you a shareholder of Lendlease REIT by chance?
@TheDividendUncle Ай бұрын
I’m glad my video and the comments inspired you to produce this insightful video! And thanks for supporting the video :)
@HeahMinAn Ай бұрын
Thanks for the inspiration. And is there a reason to buy Lendlease? Perhaps I really missed something. 😄
@TheDividendUncle Ай бұрын
Hmm I think there is the static perspective vs forward looking perspective. While the interest rate is higher than the property yield, the market is forward looking. Future expectations could be that interest rates will decline, and rental rates could also go up, so the comparison some time down the road could tilt to the other side. There is also the perspective of P/NAV below 1.0, so buyers of the REITs at current prices are paying below the valuation and hence receive higher yield.
@HeahMinAn Ай бұрын
Roger that. 🫡
@REIT-TIREMENT Ай бұрын
@TheDividendUncle you are featured!!
@HeahMinAn Ай бұрын
Had to because the thumbnail was glaring. 😄
@REIT-TIREMENT Ай бұрын
@@HeahMinAn I hope my blog posts won't trigger you 😆😆😆
@HeahMinAn Ай бұрын
😄, all’s good. Besides, I had a runny nose that day too. Key is that we understand our analysis framework so that we know what we’re doing.
@Amosteolh23 Ай бұрын
yes, going for it
@HeahMinAn Ай бұрын
Nice! See you at the EGM if you’re attending.
@Amosteolh23 Ай бұрын
@@HeahMinAn Huat ah. all my excess application was fulfilled.
@HeahMinAn Ай бұрын
Wah! I need to check tonight.
@joshconsultancy 2 ай бұрын
Yo Min An, smashed the like. Subscribe $2! Huat ah! =)
@HeahMinAn Ай бұрын
Purchase also need to make sense before subscribing 🙂
@joshconsultancy 5 ай бұрын
Thanks for the update. Reinvesting into a note is indeed abit confusing. Are we a reit or a hedge fund? Smashed the LIKE =)
@HeahMinAn 5 ай бұрын
Hey @joshconsultancy , your point is valid too. Freehold Triple net lease Shell & core seems to be good characteristics of a data center unless something else is brewing. 😄
@ChillaxGorilla 5 ай бұрын
not a great deal in the long term. on one hand, it lowers risk with locked in rates. on the other, we lose out on any chances for asset appreciation.
@HeahMinAn 5 ай бұрын
Morning @danchen1982 You have a point too. Are you a shareholder too?
@ziyangwong531 8 ай бұрын
Informative!
@HeahMinAn 8 ай бұрын
Ziyang, you’re welcome. I suppose you’re a Suntec REIT shareholder?
@user-us7sj9or4z 8 ай бұрын
What's ur thoughts on the distribution reinvestment plan for CICT?
@HeahMinAn 8 ай бұрын
My thoughts: What will I do with the cash I receive? Reinvest back into CICT? Invest in FCT? Spend it for non-investment reasons 🙂 And before I consider cash, my situation is that I under-invested so I’m tilting towards the DRP. How about you? Can share your thoughts? 🙂
@user-us7sj9or4z 8 ай бұрын
@HeahMinAn I'm more inclined to DRP as well cause I think it's opportunity to invest more for a longer term.
@HeahMinAn 8 ай бұрын
@@user-us7sj9or4z , nice! Originally, I wanted to receive the cash till your question came in. Won’t you have needs for the cash?
@user-us7sj9or4z 8 ай бұрын
@HeahMinAn there's option to do partial 😀
@HeahMinAn 8 ай бұрын
@@user-us7sj9or4z , I’m torn between the 2.😂 See you at the AGM.🙂
@Alphawhiskyy 9 ай бұрын
Outlook seems decent still, despite GDC current headwind, overall there are positive rental reversions and their prudent spending. Given the grace of more time, they will mostly pickup again gradually. About GDC, they are planning a roadmap to recovery and I agree with CEO that this strategy is better than kicking them out altogether with challenge of finding another tenant.
@HeahMinAn 9 ай бұрын
Hey @mrandrewwong1712 , thanks for stopping by. Your points are valid too. I see this as a 1 off prolong event. May there be progress updates during the AGM.
@chilly2171 9 ай бұрын
This is a showcase of their leadership. How can they give such a large portion of rent to an unstable tenant like this? Even OCBC and DBS pointed these risks out.
@HeahMinAn 9 ай бұрын
@@chilly2171 , are you a shareholder?
@chilly2171 9 ай бұрын
@@HeahMinAn Used to be, am no longer one.
@HeahMinAn 9 ай бұрын
@@chilly2171 , sure. Are you holding any REITs with data centre exposure?
@mrsgsoo 10 ай бұрын
which stock brokerage you are using currently? Is it good for DCA?
@HeahMinAn 10 ай бұрын
Morning @mrsgsoo, I use POEMs currently because I want to own the shares directly in my CDP account. However, the cost is higher than brokerages who offer lower fees. Such brokerages will hold the shares in their name on my behalf.
@jamesl2590 10 ай бұрын
High exposure to China? Possible further default risk beyond simply global interest rate environment?
@HeahMinAn 10 ай бұрын
I recalled the annual report cited a single digit percentage exposure to China; small but significant effects. The business operating conditions are different now but somehow the market price has recovered from its shock.
@REIT-TIREMENT 11 ай бұрын
1 of the crucial reason why FCT can maintain similar DPU for FY23 is becoz of more management fees being received in units instead of cash, it is 77% more than FY22. While CICT management fees in units are more or less the same with previous FY.
@HeahMinAn 11 ай бұрын
Interesting, 77% more in units this round. But on the contrary, that also means that FCT operations are pretty strong in prior years since the manager could obtain cash payment. Isn’t it?
@REIT-TIREMENT 11 ай бұрын
@@HeahMinAn 😊 Depends on which side view it. U are right to view that in a positive way that last year is better. Or u can also view that they top up dpu from management fees in units against their norm. I am neutral for both. 😁😁
@HeahMinAn 11 ай бұрын
Thank you for teaching me something new. Perhaps I was too familiar of the payment via units.
@REIT-TIREMENT 11 ай бұрын
@@HeahMinAn we learn together.
@HeahMinAn 11 ай бұрын
@REIT-TIREMENT , by the way, how are you investing for 2024?
@jlimkw Жыл бұрын
Get rid of the Australia properties!
@HeahMinAn Жыл бұрын
That's what I felt so too. I wonder what's going on. Do you know?
@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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Calculate Mall #reits Tenant Retention Rate Matters | Why It Matters. kzbin.info/www/bejne/nIWwm4Oio7dlnq8
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Know This Before Buying a Mall #reit 👉🏻 kzbin.info/www/bejne/iXjGnaCKnLakh9U
@laipetersg 6 ай бұрын
Appreciate it can be a link direct to the site rather as a string of text. Thanks.
@HeahMinAn 6 ай бұрын
@@laipetersg , thanks for your feedback. I've inserted the link in the shorts.
@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
stock I held the longest: 13 years returns: 214.73% share your stock that you held the longest
@HeahMinAn Жыл бұрын
Why did I set 10 cents dividend target for Keppel DC REIT ► kzbin.info/www/bejne/q2aqfJJqp8ykeas
@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
Why Suntec #reit selling SouthGate makes sense: kzbin.info/www/bejne/iXjGnaCKnLakh9U
@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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@HeahMinAn Жыл бұрын
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@tiwari_devansh Жыл бұрын
🔥
@HeahMinAn Жыл бұрын
Hey @tiwari_devansh , thank you for dropping by.
@InvestingEducation Жыл бұрын
I own a couple of reits, how do we know when is their AGM and how to attend?
@HeahMinAn Жыл бұрын
Hey @InvestingEducation , I subscribe the company newsletter so that I receive email notifications. The other method is receiving the physical AGM forms because I hold the shares in my CDP account. Are you holding SG or overseas shares?
@InvestingEducation Жыл бұрын
@@HeahMinAn sg reits in my interactive brokers acct. Btw r u goin for the REITs symposium on 20th May?
@HeahMinAn Жыл бұрын
@@InvestingEducation , my understanding for Interactive Brokers is that it’s a custodian account. The company sees Interactive Broker as the shareholder, not individual investors. That’s 1 reason that I always use a SG broker to buy my REITs so that I receive the company communications; no 3rd parties. Regarding 20 May, nope.
@shengRanEric Жыл бұрын
I cancelled my ILP plan that I paid for 8 years too. Got myself a term plan that protect me till 65. Now with a longer average life span, I’m thinking whether should I get a longer plan.
@HeahMinAn Жыл бұрын
Eric, is there a longer term plan in the market now?
@IAMDEZ2512 Жыл бұрын
True
@HeahMinAn Жыл бұрын
Thanks for stopping by.
@koseylow9138 2 жыл бұрын
Home stay 😁
@HeahMinAn 2 жыл бұрын
Unit 1? I would choose that unit. You can reach me via m.me/askminanhowto if you want a private conversation.
@koseylow9138 2 жыл бұрын
Blk 6 any comment
@HeahMinAn 2 жыл бұрын
Hey @koseylow9138 , would it be for a home stay or investment?
@twatkins9042 2 жыл бұрын
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