| Latest Forum Topics / Sasseur Reit Last:0.665 -- |
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Sasseur REIT Latest News
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teeth1953
Senior |
18-May-2023 22:58
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China Recovery😃 , US Recession?.🤪 The upcoming U.S. recession is capturing headlines, this downturn may look very different than previous ones. Our conversations with over 50 CEOs and CFOs over the past several weeks paint a different picture. Several companies are noting upside surprises to their expectations driven by the recovery in China. https://www.nasdaq.com/articles/china-recovery-us-recession |
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teeth1953
Senior |
18-May-2023 22:50
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https://seekingalpha.com/news/3956132-china-trade-surplus-larger-than-expected-despite-sharp-jump-in-exports😁 😄 😃 😀
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actan99
Master |
16-May-2023 10:18
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Correct.
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teeth1953
Senior |
14-May-2023 23:01
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Management believes that the group can continue to do well as the GDP growth rate is projected to be positive in China that it operates in, thereby boosting new creation.
Sassuer CEO team has spent year scouring on SGX for good stocks like Sassuer. And we think dividends could be the answer to rising inflation and market uncertainty in 2023. With our newest FREE report, you?ll have everything you need to find, keep and make more money from dividend stock.....😲 This REIT is a Good Stock to hold...🤑
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HappyTan
Member |
13-May-2023 13:27
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This REIT is one of my favorite. The valuation is still low, good profit, can buy with confidence. The dividends is very consistent. China market valuation is still undervalue. May not be immediate recovery, but no fear, China is big market. When the recovery comes, it comes in big waves |
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teeth1953
Senior |
12-May-2023 11:15
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Look at IPOs since 2016. There were 🤪 12 REITs listed on SGX ...only 1 made money.
How combination of high inflation and surging interest rates has dampened sentiment for the asset class. Because of these headwinds, many REITs are also reporting lower DPU as they are beset by higher operating expenses and finance costs.
Despite these challenges, several REITs have bucked the trend and managed to post higher DPU in their latest earnings, Sassuer🤑 is Coming 🤑 Up 🤑 Good.... Clapping
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n3wbie
Elite |
11-May-2023 22:28
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The only issue as with any other REITs is the rather steep increase in cost of funds with their weighted average cost of debt rising by 100bps YoY to 5.9% for 1Q23. | ||||
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teeth1953
Senior |
11-May-2023 17:54
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Distribution will be paid out on Jun 27, after the record date. Jun 12th 2023.. 🤑
Sasseur Reit Q1 DPU up 1.5% to S$0.01849 after retention. Sasseur Real Estate Investment Trust : CRPU +5.56% (Sasseur Reit), which owns outlet malls in China, posted a distribution per unit (DPU) 🤑 of S$0.01849 for the first quarter ended Mar 31 a 1.5 per cent increase from the previous year.
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Joelton
Supreme |
11-May-2023 09:13
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Sasseur Reit Q1 DPU up 1.5% to S$0.01849 after retention
Sasseur Real Estate Investment Trust : CRPU +5.56% (Sasseur Reit), which owns outlet malls in China, posted a distribution per unit (DPU) of S$0.01849 for the first quarter ended Mar 31 &ndash a 1.5 per cent increase from the previous year.
This comes after a retention of 3.8 per cent or S$900,000 of distributable income for working capital purposes, according to a bourse filing on Wednesday (May 10).
The manager of the real estate investment trust (Reit) attributed the DPU &ndash the highest it has recorded for Q1 since its listing &ndash to strong sales performance. Outlet sales for the quarter rose 17.9 per cent on the year to 1.3 billion yuan (S$249.2 million), boosted by pent-up consumer spending.
Rental income under the Reit&rsquo s entrusted management agreement model fell 2.1 per cent to S$33.1 million for Q1 2023, with gains from the 7.7 per cent rise in rental income in yuan eroded by the depreciation of the currency against the Singapore dollar.
Distributable income fell 4 per cent to S$23.7 million, from S$24.7 million previously.
The distribution will be paid out on Jun 27, after the record date of Jun 12.
Portfolio occupancy rose slightly to 96.6 per cent, from 95.4 per cent in Q1 2022, driven by an increase in occupancy in Chongqing Bishan.
Weighted average lease expiry stood at 2.1 years by net lettable area. To optimise tenant mix, short leases were chosen to adapt to the fast-changing consumer preferences in China and provide flexibility in replacing non-performing tenants.
The Reit maintained a prudent aggregate leverage of 25.7 per cent.
The manager is optimistic that the Reit&rsquo s entrusted management agreement model positions it well to capture China&rsquo s post-pandemic recovery in consumer spending.
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teeth1953
Senior |
10-May-2023 11:18
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😁 😃 😄 🤑 🤑 🤑 🤪 《 《 《 ☆ ☆ ☆ ☆ ☆
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teeth1953
Senior |
10-May-2023 11:14
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Whao....what happen today...😁 😃 🤑 🤑 🤑 up almost *5%😇
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prophetjul
Master |
10-May-2023 09:32
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And the answer to your question on debt cost is DEc2022 was 4.9% and March2023 5.9%. It' s rising for sure. Considering they had 71% hedged, that is a hefty rise in debt cost.
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actan99
Master |
10-May-2023 09:23
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Great earnings results ! When dip , just buy more. No need overthink so much. Gearing ratio so low, shld be safe. Dyodd. |
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patient168
Senior |
10-May-2023 08:40
Yells: "patience is the key to winning" |
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What a surprisre 1Q DPU 1.849 Cents announced which is highest among all the 1Q in the past. This counter will never dissapointing me! | ||||
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chengwh1
Elite |
08-May-2023 18:56
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Thank you for all the encouraging data, Teeth,... One thing that I am thinking that could be contributing to the continuous drop in unit price, which has happened today too - I suspect the refinancing exercise done back in Feb this year has increased the borrowing cost by a substantial amt.. I looked at the presentations to investors in the last three mths, of noticeable chg was that the percentage of loans taken under USD has been increased. We all know how much the USD interest rates have increased due to Fed hikes. | ||||
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teeth1953
Senior |
08-May-2023 16:48
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Consumption posted the 😊 🤑 🤩 strongest rebound.
Retail sales 🤑 jumped 10.6% in March from a year earlier, the highest level of growth since June 2021. In January to March months, retail🤑 sales grew 5.8%, mainly lifted by a surge in revenue from the catering service industry...:)🤩 ?The combination of a steady uptick in consumer confidence as well as the still-incomplete release of pent-up demand suggest to us that the consumer-led recovery still has room to run,? said Louise Loo, China lead economist for Oxford Economics.
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teeth1953
Senior |
08-May-2023 16:34
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Chinas economy grew 4.5% in the first quarter, the fastest pace in a year. Chinas growth has been under the spotlight as it reopens after ending most of its strict Covid restrictions that were in place for nearly three years. 🥱 China is growing and opening up.
https://www.cnn.com/2023/04/17/economy/china-gdp-q1-2023-intl-hnk/index.html 😝 Gross domestic product grew by 4.5% in the first quarter from a year ago, according to National Bureau of Statistics on Tuesday. That beat 🤑 estimate of 4%🤑 growth from a Reuters poll of economists. |
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teeth1953
Senior |
06-May-2023 17:01
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Hope! no more to deal with debts😁 . but equity in the form of cash is ok, hurry to acquire others assets. Hope CEO and sponsor had some of their holdings for many years too. Hope dividend is good for this 2023. How price to go up if DPU increase?. A advantage to have is this Reit with room to grow. With the interest rate hitting plateau. An opportunity now no debts All will be waiting for higher dividend soon.😊 🤑 🤩 | ||||
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actan99
Master |
02-May-2023 23:30
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Passenger traffic on the railways alone hit 53.5 million, with national operator China Railway Group earlier saying it expects the figure to hit a record 120 million between Apr 27 to May 4.China tourists overwhelm attractions as travel explodes after Covidhttps://www.businesstimes.com.sg/international/china-tourists-overwhelm-attractions-travel-explodes-after-covid? |
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teeth53
Supreme |
02-May-2023 10:53
Yells: "don't learn through life, learn to grow with life " |
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Exports increase for first time in six-months, climbing 14.8%. While Global demand weighing is weak.
China?s exports unexpectedly rose in March 2023 as demand from most Asian countries and Europe improved and Chine factories resumed production, boosting the economy?s outlook and indicating global growth may be better than expected. https://www.bloomberg.com/news/articles/2023-04-13/chinese-exports-unexpectedly-rise-in-positive-sign-for-economy#xj4y7vzkg
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