Why I've Sold Away Some Stocks Here... | MPACT REIT | SG stocks

Why I've Sold Away Some Stocks Here... | MPACT REIT | SG stocks | Dividend Investing

Рет қаралды 18,484

Күн бұрын

Пікірлер: 68

@joshconsultancy 3 ай бұрын

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@durianuncle 3 ай бұрын

Yeah, it can be uncomfortable holding on to this if you had only started to buy in 2022 peak years before the persistent high rates becomes clear. As a long term investor, I thought you would see current price point as a bargain as the market sentiments turned against REITs. It's a matter of time rates will be reduced (although not to previous lows seen before 2020). That's when suddenly all the well-managed reits become attractive again and prices goes up. The main culprit is refinancing at higher rates, which is expected for almost all reits. And if that's the key reason for the drop in DPU, I think it's understandable. But I also understand the need to re-deploy funds/rebalance if DCA is not an option. Churning through SG Reits isn't profitable TBH. Long term steady holding works better, to secure a steady income. Capital gain is a bonus. Worse nightmare is rights issues and you don't have funds to buy those rights.

@joshconsultancy 3 ай бұрын

Hopeful also that next year will be better. Have been championing for it. I trimmed away the small $7000 excess I bought in April24 at 1.27 I see it as if I have this amount would I have bought MORE to my EXISTING holding with today’s new information? My answer was no. Then that $7000 should be to somewhere I would say yes. Hope it clarifies the thinking process

@jlng446 3 ай бұрын

Thanks Josh for deep dive and share your valuable comments. Personally I accumulated mpact at 1.22. Considering 1. Close to 30% below NAV, with assumption of china and hk not perfoming at all (both aum stood at 37%) 2. Korea and Japan are doing well, good that you pointed out Japan is not performing, this may be one area I will need to monitor. 3. Fed Interest rate cut coming soon, strong tailwind for reits.

@joshconsultancy 3 ай бұрын

No probs. It is depressed. I hope it rebounds soon too, I still have substantial holdings

@lumvincent7431 3 ай бұрын

I also buy some at $1.22😊

@durianuncle 3 ай бұрын

I think your entry price is good. Buy low and hold. Simple

@lumvincent7431 3 ай бұрын

@@durianuncle Ya . Also used my wife 's cpf OA n buy . Every quarters just collect 2 cts plus dpu first . Yesterday , my wife buy 2 lot n i buy 01 lot of keppel @ $6.21 ,since 01 yr low : $6.15 . Wait 4 keppel legacy O&M assets soon , thus to be FUM of $200B ( asset light strategy ) .

@andrewufo 3 ай бұрын

Agree. Accumulated a million shares now

@xtotallyjxyden9072 3 ай бұрын

Can u also do a deep dive in Keppel and CapitaLand invest

@joshconsultancy 3 ай бұрын

Capitaland stay tuned 👍🏻

@kevinyee6970 3 ай бұрын

Thanks Josh for the in depth analysis, this is very helpful to me. I have a question and would probably like to pick your brains. Looking at their Festival Walk asset (again it has to be Festival walk *sigh*) the land lease is just 23 years left. I would think that the asset valuation drops drastically when approaching the tail end of the land lease? I found an article online (about SG industrial properties) stating that "decline in valuation generally seen when land tenure fall below 20 years). Is this a significant consideration for you?

@joshconsultancy 3 ай бұрын

I think its been communicated before that Festival walk's will be given like a 50y extension or something. Thats why market is not worried about it. The worry is in the recovery of tenant sales performance which will impact rent

@brianfoo20 3 ай бұрын

Don't mind how about lendlease global commercial reit please? Will it go burst as the price is getting lower all the way despite having positive news thought the sponsor is a strong one?

@joshconsultancy 3 ай бұрын

I’m not a fan of lendlease 🙏

@raykttan 3 ай бұрын

Josh, you mentioned that your averazGe for PACT is around $1.70 but now it is trading around $1.30 sO you mean to say you cut loss just like your previous Suntec reit?

@joshconsultancy 3 ай бұрын

Hi I merely trimmed away the small $7000 excess I bought in April24 at 1.27 I see it as if I have this amount would I have bought more to my existing holding with today’s new information? My answer was no. Then that $7000 should be to somewhere I would say yes. Again i have a substantial holding already and am actively deciding allocations. I hope it rebounds soon too, I still have substantial holdings

@ObnoxiousGracie 16 күн бұрын

Hi Josh, unfortunately I bought MPACT during the high at $1.783 😅 Would you advice to sell them at a loss now or average down to $1.50+ and hold for their dividend and hold them long? 🙏🏻🙏🏻🙏🏻

@joshconsultancy 16 күн бұрын

Hi I am also some distance from breakeven based on my average price. Majority of my holdings are kept as i also await sunshine. The offices in north asia are looking poor, really need it to start recovering. Cannot specially advice buy/sell hope youd understand.

@ObnoxiousGracie 15 күн бұрын

@joshconsultancy thank you for taking your time to reply this nonetheless Josh. Have a great day! ☺️

@providencez9496 3 ай бұрын

Always informative and high transparency on your holdings and latest action. Keep it up! Thats what made your video and channel good for me.

@joshconsultancy 3 ай бұрын

Thank you. Hopefully next episode is good news

@miaoking2271 3 ай бұрын

I personally would stay away from reits with exposure to China and/or HK asset😅

@durianuncle 3 ай бұрын

need to have the depth of funds to hold them long term and keep DCAing. I am not holding out for HK, but for China, I won't bet against it long term.

@Lawrenc139 3 ай бұрын

Hi, saw that you are doing DCA using L&T, won't the minimum commission eat into your profits? $25 if I'm not wrong..

@joshconsultancy 3 ай бұрын

I believe Comm cost is less important than approach. Buying patiently and consistently gives time to reconsider 👌🏻

@Jeff-n2n 3 ай бұрын

current price already price in , good time to buy in

@joshconsultancy 3 ай бұрын

I hope for better times ahead too

@lumvincent7431 3 ай бұрын

The divestment of Mapletree Anson just completed by end July . So Oct Q2 result of DPU should be higher n gear ratio should be reduce . HK, PRC n Japan 's rental reversion still negative ! With impending rate cut from Sep onwards , price should move up . While T-bills n SSB already drop now .😊

@joshconsultancy 3 ай бұрын

Am fully aware of Anson's sale. Still have substantial holdings, hope it Q2 is indeed better

@chuachua-hj9zd 3 ай бұрын

Josh, what is your average price for mpact based on your current holding

@joshconsultancy 3 ай бұрын

Around $1.70. The haters are going to have a field day seeing this lol. Dont need to have too much regrets. We as investors work with incomplete info. As long as good decisions outweigh the bad, we will do well enough k

@chuachua-hj9zd 3 ай бұрын

@@joshconsultancy thank you for your swift reply

@Lancer21899 3 ай бұрын

Just keep cool and buy CICT. Tats my only REITs for the last 5 years. This REITs won’t fail you

@joshconsultancy 3 ай бұрын

Still cool no worries

@MsCorydorus 3 ай бұрын

Jp and Kor Assets acquired during MNACT days for show only so that they can say somethign positive to merge with MCT. Why MCT acquired it at premium to save MNACT is something weird.

@joshconsultancy 3 ай бұрын

Ya i kindof wish now i can buy only MCT

@IvanLo-nx1sq 3 ай бұрын

Thanks Josh for the deep dive into MPACT.

@joshconsultancy 3 ай бұрын

Sorry its bad news. Hope next Q is better. Stay tuned k

@Alphawhiskyy 3 ай бұрын

If u have a longer runway, this would be a temporary headwind. Softer interest rates will be in 2025 2026 2027.

@joshconsultancy 3 ай бұрын

I hope so too, still hold a bulk of remaining holdings in MPACT

@JustJamesDean 3 ай бұрын

Hory Shidd Uncle Josh, I sure don't want to be your son. Global interest rate turmoil is out of the control of REITS Given we were in rising interest rate environment for last 2 years, we know well in advance that financing costs are going to increase. Analyst report/estimate got it wrong, again!! Tenant change over is normal day to day operations of REITS. Please dont stress. It seems you have gotten out to early. Gotta calm down, stay cool (冷靜) Uncle. Please give it enough time to turn over. Two years is a very short time in equities. I would see this as an opportunity to pick up more units while its beaten down

@joshconsultancy 3 ай бұрын

Hey no probs I merely trimmed away the small $7000 excess I bought in April24 👌🏻. I see it as if I have this amount would I have bought more with today’s new information? My answer is no. Then that $7000 should be to somewhere I would say yes

@JustJamesDean 3 ай бұрын

@@joshconsultancy given the low share price, I would just leave it and wait for the turn around. Timing the market is a difficult job.

@joshconsultancy 3 ай бұрын

@@JustJamesDean not timing market which is guessing macro what could happen. I'm acting on new information and adjusting my forecast The money is reinvested and not taken out of the markets

@JustJamesDean 3 ай бұрын

@@joshconsultancy timing the market, timing mpact, same difference ha ha ha If the Feds cut before next qtr report/update, share price will probably go for a run and we are one step behind.

@edgan1 3 ай бұрын

You know what, I noticed you have a good assessment of MPACT before but I never bought it. My criteria is simple, any exposure to a certain country is always like throw a dice. Same thing I avoided MLT, KDC etc. I wish all the S-Reits sponsors and managers (Capitaland, Mapletree, Fraser, Keppel, etc) are paying great attention to your videos since you are exposing the bad ones --- their share price depends on your easily digested analysis. You have a big influence on their future. Thank you Josh!

@joshconsultancy 3 ай бұрын

Thank you for the high praise. I share my point of view as a fellow investor

@eddielim8702 3 ай бұрын

only sold 6K shares. Does not mean you didnt exit from MPACT Reit totally. Do you intend to hold the rest for long term?

@joshconsultancy 3 ай бұрын

Yes I’ve chosen to hold on to the majority. Only sold the extra I bought in apr24 coz with the new info I’m not too sure I would have bought that extra back then. Not buy sell recommendation. If you don’t have any reit exposure and if you feel what I’ve presented is too pessimistic, you can still view mPACT as a buy. Hope it answers well and all the best :)

@MARS-ob7eg 24 күн бұрын

Why u dong look more on Mapletree Industrial Trust

@Xamael666 3 ай бұрын

Hmm maybe just wait for the Fed to cut rates before selling off?

@joshconsultancy 3 ай бұрын

I still have the bulk intact waiting for the eventual recovery

@andrewufo 3 ай бұрын

Its oversold. When others are fearful, be greedy. Thanks for the 50% drop from high and the 7% divs. Price to book value is 0.7. So you are willing to sell here? Im the opposite. Bought around 1.22 -1.25 and now i have a million shares of mpact.

@joshconsultancy 3 ай бұрын

Good to hear we are both shareholders. I’ve chosen to hold on to the majority. Only sold the extra I bought in apr24 coz with the new info I’m not too sure I would have bought that extra back then. Not buy sell recommendation. It is ok if you feel what I’ve presented from latest Q124/25 earnings is too pessimistic, you can still view mPACT as a buy. Hope it answers well and all the best

@ericcsn 3 ай бұрын

Goes to show whatever meticulous analysis and however careful research over the years spent reading, poring over, rationalising, checking and bisecting the financial reports, they are not only entirely useless and in fact downright dangerous if the outcomes lead to losses at every reporting quarter and over the years. Am not a hater but these outcomes are in fact no different from gambling.

@joshconsultancy 3 ай бұрын

No different from gambling is incorrect. Change that mindset to become better at investing. Investing is about forecasting with limited information. With new information, judge it to determine if its short term or long term impact.

@ericcsn 3 ай бұрын

@@joshconsultancy when despite the efforts, knowledge, tools and wisdom and with all the techniques, fundamental and technical analysis plus coupled with experience and a financial background yet achieving outcomes no different from someone flipping a coin (betting on value up or down) and despite the years involved (and years of familiarity with the underlying stock), and to all sense and purpose the result is equivalent to the latter , then they are equal.