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| 25-May-2022 15:12 |
Sasseur Reit
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Sasseur REIT Latest News
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Sasseur Reit which owns outlet malls in China, is finding itself caught in a rising interest rate environment as it carries out a refinancing exercise for its quickly maturing loans.
Chief executive officer (CEO) Cecilia Tan believes that Reit will be able to mitigate the situation and go away with some level of savings to secure higher distributions per unit (DPU), because the exercise entails increasing proportion of its offshore debt. The refinancing exercise, expected to complete by the end of this year, is aimed at de-risking its current debt profile by staggering its debt maturity and amount. Currently, ,● 53% of Sasseur Reit loans are onshore loans with an outstanding quantum of 1.3 billion yuan (● S$276 million), maturing in March 2023. Its offshore debts ● S$214 million and ● US$20 million have the same maturity date. The weighted average cost of debt as of Mar 31, 2022 was 4.4%. Tan said: Even if China might be easing, with a drop in their central bank rates, overall, onshore piece is still much more expensive. So on a blended basis, by moving more debt offshore, we hope?, to still achieve overall cost savings that would be at a reasonable level. As for the level she would regard as reasonable, she added: Of course, I would love to get as much as we can, like how we did the last round in Sept-2020, but we also need to recognise that the environment then was very different from now. (Now). 》 ■ Russia-Ukraine war, ■ huge inflationary and pressure of energy prices, she noted.■ Nevertheless, she believes that highlighting the fundamental strength of the Reit portfolio will strengthen its case with the banks, as she referred to the Reit Q1 results released on (May 12). On balance, she think we are still very optimistic that we will be able to complete this with some level of savings that will translate to higher DPU she added. Sasseur Reit posted a 3.6 rise in its DPU to S$0.01822 for its first quarter ended Mar 31, 2022, from S$0.01759 cents a year ago. This is the highest DPU the Reit has recorded for Q1 since its listing on the Singapore Exchange in 2018, the manager of the Reit. Distributable income also rose, at 4.7% on year to a record S$24.7 mil, from S$23.6 mil the year before. Rei trental income under its entrusted management agreements (EMA) was S$33.8 mil for the quarter, 4.7% higher than S$32.3 mil a year ago, on the back of a 0.7 per cent on-year rise in EMA rental income in yuan, as well as a 4% appreciation of the yuan against the Singapore dollar. The Reit posted total outlet sales of 1.1 bill yuan, 3.6% lower than in Q1 2021, due to weaker buying sentiments after a new Covid-19 wave occurred across several cities in China in early March. The Reit average portfolio occupancy was 95.4%, compared with 93.5% in the corresponding period the year before. The distribution will be paid out on Jun 28, after the record date on Jun 13. (Looking ahead, expects to see challenges amid an uncertain and volatile operating environment it noted that it has already seen weaker buying sentiments and lower sales in April and May 2022 due to the outbreak of Covid-19.)
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| 22-May-2022 21:36 |
Others
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Asean/Japan Quake n nuclear crisis apocalyptic..?
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https://youtu.be/JOl-H80vMQ0 | ||||
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| 19-May-2022 17:31 |
Others
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STI 3,000 boosted by pivot investors mkt players
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Stock picks and investing trends from CNBC.
Jeremy says today's bubble is worse than 2000, 😭 calls stocks to at least double their losses ☆ 》 😭 The sell-off has entered ?a new phase,? Allianz's El-Erian says. How investors can deal with it. Woe?. ☆ 》 😭 Art Cashin of UBS says stocks are now at risk of >♡ Even Deeper. ♡ SELL-OFF. ☆ 》 😭 Apple may have to slide a lot further before the market sell-off stops, trader says
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| 19-May-2022 17:00 |
Others
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STI 3,000 boosted by pivot investors mkt players
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Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies. ☆ 》 As major retailer warned of rising cost pressures, confirming investors' worst fears over rising inflation and rekindling the brutal 2022 sell-off.
☆ 》 Selling was broad and intense on Wall Street with just eight members of the S&P 500 in the green.
☆ 》 Markets returned to heavy selling after two back-to-back quarterly reports from Target and Walmart stoked investor fears of rising inflation taking a bite out of corporate profits and consumer demand. It's the fifth Dow decline of more than 800 points this year, which all occurred as the stock sell-off intensified within the last one month.
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| 19-May-2022 16:53 |
Others
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STI 3,000 boosted by pivot investors mkt players
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Dow Jones Industrial Average. DJI...☆ 31,490.07☆ ■ − 1,164.52 (● 3.57%)
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| 13-May-2022 15:18 |
Healthway Med
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2020 TOP POTENTIAL MEDICAL PENNY TO BREAKOUT SOON
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At 13:00:00. +0.032, 6,800 more share is pick up
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| 13-May-2022 15:08 |
Healthway Med
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2020 TOP POTENTIAL MEDICAL PENNY TO BREAKOUT SOON
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DBSV Counter Party 13-05-2022 14:44:54. Share 951,000 at 0.031 | ||||
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| 12-May-2022 15:08 |
Sasseur Reit
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Sasseur REIT Latest News
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(CEO) Cecilia Tan believes that the Reit will be able to mitigate the situation and go away with ?some level of savings? to secure higher distributions per unit (DPU), as the exercise entails increasing the proportion of its offshore debt. The refinancing exercise, which is expected to complete by the end of this year, was meant to de-risk its current debt profile by staggering its debt maturity and amount. Currently, 53 per cent of Sasseur Reit?s loans are onshore loans. These entail an outstanding quantum of 1.3 billion yuan (S$276 million) that will mature in March 2023. Its offshore debts ? S$214 million and US$20 million ? have the same maturity date. The weighted average cost of debt as of Mar 21 is 4.4 per cent. ?Even if China might be easing, with a drop in their central bank rates, overall, the onshore piece is still much more expensive. So on a blended basis, by moving more debt offshore, we hope to still achieve overall cost savings that would be at a reasonable level,? said Tan. but we also need to recognise that the environment then was very different from now.? Then, there was no Russia-Ukraine war, no huge inflationary pressure of energy prices, she noted. Nevertheless, Tan said she believes that highlighting the fundamental strength of its portfolio will help it build its case with banks better, as she pointed to a rosier set of results in the first quarter of the year released on Thursday (May 12). ?On balance, I think we are still very optimistic that we will be able to complete this with some level of savings that will translate to higher DPU,? she added | ||||
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| 12-May-2022 12:17 |
Sasseur Reit
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Sasseur REIT Latest News
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REIT?s net asset value (NAV) per unit stood at 99.22 cents as at end-March.
☆ 》 Looking ahead, REIT manager has laid out plans for its next growth phase. This includes attracting shoppers through digitalisation and proactive asset management strategies, seeking opportunities to consolidate higher ownership of its Sasseur Hefei outlets, as well as sharpening the appeal of its outlets to take advantage of the strong domestic consumption. ☆ 》 In addition, REIT manager is looking to acquire its sponsor?s right of first refusal (ROFR) and, or pipeline properties moving forward. Unitholders will receive their distributions on June 28
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| 12-May-2022 12:11 |
Sasseur Reit
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Sasseur REIT Latest News
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Sasseur REIT has reported a distribution per unit (DPU) of 1.822 cents in the 1QFY2022 ended March, 3.58% higher than the DPU of 1.759 cents in the same period the year before.
☆ 》 The DPU comes after the retention of $2.5 million or 10% of its distributable income for working capital purposes. If not, DPU would?ve stood 3.5% higher y-o-y at 2.024 cents. ☆ 》 According to REIT manager, the quarter?s DPU is the highest for the 1Q period since ● REIT?s listing. ☆ 》 REIT?s distributable income of $24.7 million, ● was up by 4.7% y-o-y, was another record high.
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| 11-May-2022 13:15 |
Others
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How is Malaysia confronting its present economic..
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Bung Moktar Radin said Umno?s stand not to extend the MoU with Pakatan Harapan was an obvious signal that it wanted the general election this year. (Bernama) ☆ 》 Umno wants general election to be held this year. As Umno may arrange for royal..... | ||||
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| 10-May-2022 22:57 |
Others
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Asean/Japan Quake n nuclear crisis apocalyptic..?
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Scientists Discover Unexplained Abundance of Rare Nuclear Fusion Fuel on Earth
☆ 》 Helium-3, a potential source of limitless clean energy, may be ten times more common on our planet than previously thought, reports a new study.. |
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| 10-May-2022 14:17 |
Sasseur Reit
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Sasseur REIT Latest News
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Sasseur REIT, Manager would to announcing the financial results of Sasseur REIT soon. | ||||
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| 10-May-2022 14:00 |
RH PetroGas
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Oil and Gas counters are volatile
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Oil stocks are tanking amid a ● broader market selloff, as Wall Street responds to stubbornly high inflation that is expected to lead to more Federal Reserve policy tightening.
☆ 》 With a New York Fed survey showing longer-term inflation expectations that indicate potential weaker growth and ● recession.
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| 10-May-2022 13:57 |
Rex Intl
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Rex revival
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,☆ Oil stocks are tanking amid a ☆ broader market selloff.
☆ 》 Wall Street responds to stubbornly high inflation that is expected to lead to recession.
☆ 》 With a New York Fed survey showing longer-term inflation expectations that indicate potential weaker growth and 》 ● recession, Wall Street is showing less appetite for risk, while oil prices have shed nearly 6% today on concerns of China?s COVID lockdowns.
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| 10-May-2022 12:28 |
Rex Intl
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Rex revival
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Oil Stocks Plummet As Broader Markets Tanks. Morning close $0,300, down .030 +9.1%. (CD).
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| 03-May-2022 20:42 |
Healthway Med
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2020 TOP POTENTIAL MEDICAL PENNY TO BREAKOUT SOON
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In 1992, at the age of 27, Tan See Leng started Healthway Medical Group with a group of friends. ☆ 》 (bank loan of S$90,000 and an initial capital investment of S$5,000 from each of the initial stakeholders.) ☆ 》 As co-founder and chairman of the company, he grew the group to become the second-largest private primary care group in Singapore.
》 He successfully divested the group. MOM - Tan See Leng just joined Parkway Holdings in 2004 |
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| 29-Apr-2022 17:36 |
G Invacom
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G Invacom Really Unvalued Gems
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Sleeping and falling...ZZZzzzzz arhh...:)
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| 29-Apr-2022 14:42 |
IPO
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IPO-ing. what U should look out for...
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listed logistics arm. initial public (IPO), LHN Logistics raise S$5 mil, list of (25,238,000 placement shares at S$0.20 each.) 😆 》 Today Traded 😭 0,199 cents.
☆ 》 The net proceeds will amount approximately S$3.6 mil, after deducting estimated listing ☆ 》 S$3.2 mil proceeds towards the partial financing of the construction company ISO tank depot at 7 Gul Avenue, remainder will go to expansion of the company 's transportation fleet and acquisition of moving equipment. ☆ 》 Based on the nt price and post-placement share capital of 167,678,800 shares,
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| 29-Apr-2022 11:50 |
Casa
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what happen to Casa
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Today Casa. Moving to +ve positioning...:)
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