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LOGISITICS CHINA high yield 7-8% NAV $0.88 Post Reply Rate topic
hp3000 Veteran	13-Nov-2017 12:14        hp3000 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huart Ah !! Count $$$$$ liao"
x 0   x 0  Alert Admin	Yes,  Alibaba&rsquo s Singles&rsquo Day sale amassed $25.3 billion for 11 Nov sale, doubling 2016 Black Friday and Cyber Monday sales combined EC World REIT is sponsored by ForChn Holdings Group, a key logistics operator in China. In fact, ForChn Holdings is one of the founding members of Cainiao Network Technology Co. Ltd., a well-known logistics joint-venture with Chinese e-Commerce titan  Alibaba Group. This means that EC World REIT&rsquo s sponsor has deep expertise on the logistics and e-commerce market in China.
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hp3000 Veteran	10-Nov-2017 15:43        hp3000 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huart Ah !! Count $$$$$ liao"
x 0   x 0  Alert Admin	Here is some review that make me hold to it. https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11824-ec-world-reit-potential-for-uplift-in-valuation https://www.fool.sg/2017/10/26/what-investors-should-know-about-ec-world-real-estate-investment-trusts-latest-earnings-and-valuation/
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laksaman57 Supreme	09-Nov-2017 21:30        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ex-LMIRT CEO, failed badly in EC World. chengwh1      ( Date: 09-Nov-2017 19:15) Posted: Before the mgr performed this speical initiative for the good of the REIT, doesn' t he know that this 5% Withholding Tax would be imposed by the Chinese authorities ? There' s actually no point talking abt IF THE WHT DID NOT TAKE PLACE,... It just makes this event more ridiculous on the part of the REIT mgr,... I' m afraid,.... paul1688      ( Date: 09-Nov-2017 16:28) Posted: From the Earnings Report .................  During the quarter, in order to ensure maximum operational flexibility for ECW, the Manager pursued liquidity enhancement initiative by successfully repatriating RMB 68.2 million (SGD 13.9 million) cash distribution from its PRC subsidiaries, which attracted a 5% Withholding Tax (WHT). The Distributable income, gross of 5% WHT would be S$12.0 million which is S$0.4 million or 3.4% higher than the pro-rated forecast. DPU, gross of 5% WHT would be 1.530 which is 2.3% higher than the pro-rated forecast.
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laksaman57 Supreme	09-Nov-2017 21:20        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like it' s going to be a continuous thing. Too many layered cost to the revenue. Best to avoid this stock. If this qtr revenue didn' t increase then the dpu would fall much more.  chengwh1      ( Date: 09-Nov-2017 19:10) Posted: I was looking at this earlier,.. wanted to go in,... but somehow,... some feelings abt this one,... hence kept holding back,.... this is one event for which I can safely talk abt feelings in investing. Anyway, that WHT matter need to be viewed more in-depth,... is it truly a one-off event due to some ' mistakes' on the part of mgmt doing the repatriation,... OR,... is this 5% going to be continuous in future ?? laksaman57      ( Date: 09-Nov-2017 13:47) Posted: Revenue rises,  NPI rises, but  DPU fell Next qtr continue to fall ?
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chengwh1 Elite	09-Nov-2017 19:15        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before the mgr performed this speical initiative for the good of the REIT, doesn' t he know that this 5% Withholding Tax would be imposed by the Chinese authorities ? There' s actually no point talking abt IF THE WHT DID NOT TAKE PLACE,... It just makes this event more ridiculous on the part of the REIT mgr,... I' m afraid,.... paul1688      ( Date: 09-Nov-2017 16:28) Posted: From the Earnings Report .................  During the quarter, in order to ensure maximum operational flexibility for ECW, the Manager pursued liquidity enhancement initiative by successfully repatriating RMB 68.2 million (SGD 13.9 million) cash distribution from its PRC subsidiaries, which attracted a 5% Withholding Tax (WHT). The Distributable income, gross of 5% WHT would be S$12.0 million which is S$0.4 million or 3.4% higher than the pro-rated forecast. DPU, gross of 5% WHT would be 1.530 which is 2.3% higher than the pro-rated forecast.
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chengwh1 Elite	09-Nov-2017 19:10        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was looking at this earlier,.. wanted to go in,... but somehow,... some feelings abt this one,... hence kept holding back,.... this is one event for which I can safely talk abt feelings in investing. Anyway, that WHT matter need to be viewed more in-depth,... is it truly a one-off event due to some ' mistakes' on the part of mgmt doing the repatriation,... OR,... is this 5% going to be continuous in future ?? laksaman57      ( Date: 09-Nov-2017 13:47) Posted: Revenue rises,  NPI rises, but  DPU fell Next qtr continue to fall ?
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paul1688 Veteran	09-Nov-2017 16:28        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From the Earnings Report .................  During the quarter, in order to ensure maximum operational flexibility for ECW, the Manager pursued liquidity enhancement initiative by successfully repatriating RMB 68.2 million (SGD 13.9 million) cash distribution from its PRC subsidiaries, which attracted a 5% Withholding Tax (WHT). The Distributable income, gross of 5% WHT would be S$12.0 million which is S$0.4 million or 3.4% higher than the pro-rated forecast. DPU, gross of 5% WHT would be 1.530 which is 2.3% higher than the pro-rated forecast.
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laksaman57 Supreme	09-Nov-2017 13:47        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Revenue rises,  NPI rises, but  DPU fell Next qtr continue to fall ?
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hp3000 Veteran	09-Nov-2017 09:15        hp3000 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huart Ah !! Count $$$$$ liao"
x 0   x 0  Alert Admin	Yes. Confirm qtr div. So far taken this yrs  Mar 0.01463 Jun 0.01541 Sep 0.0154 And now pay on Dec 0.0144 total 5.984 cts Collecting price 75 to 78 cts avg out 76.5 cts
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laksaman57 Supreme	08-Nov-2017 21:44        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.theedgesingapore.com/ec-world-reit-misses-forecast-37-3q-dpu-144-cents
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hp3000 Veteran	06-Nov-2017 21:53        hp3000 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huart Ah !! Count $$$$$ liao"
x 0   x 0  Alert Admin	accumlating @ 78 cts. Result will be out on 8 nov. Shd be paying qtrly div.
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laksaman57 Supreme	06-Nov-2017 16:37        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sell order accelerating :(
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paul1688 Veteran	31-Oct-2017 10:32        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Picked up this uncommon analyst Leong Chan Teik commentary on EC World REIT on 30 Oct 2017. By all typical parameters, ECWR looks very under loved and very promising ...... a dynamic CEO with strong track record on rewarding unit holders, low debt, relatively high yield, and below NAV. I will continue to accumulate this. Please DYODD ... vested and just sharing. Not enticement to buy. *************************************************************************************************************************************************************** On two counts, EC World REIT sticks out in the table below which compares it with two peers:  1. EC World REIT trades at a  discount  to its NAV, unlike the peers which go for a premium -- and what big premiums. 2. Its dividend yield is  significantly  higher  than peers' (but, of course, this is related to the price level it is trading at). EC World REIT is relatively unknown to the market, having  listed on the Singapore Exchange in July 2016. That, and the China location of its six assets, may help explain its none-too-inspiring valuation, and why its 79-c trading price is below its 81-c  IPO price.  Motley Fool' s article on EC World REIT last week cited S& P Global Market Intelligence data which painted a broader picture of the rewards of REITs and how EC World currently compares.  The average distribution yield of all 39 Singapore-listed REITs is 6.36% (EC World: 7.95%). And their average price to book is 0.99 (EC World REIT: 0.86). Over time, EC World REIT' s unit price could trend up  as (1) the REIT communicates further with the market, (2) its China discount is overcome by the qualities of its assets and China' s growth story, and (3) a  rising distribution per unit (DPU). The REIT' s investment merits, according to the management, include: &diams 100% occupancy of all its six assets: Thus, its income is certain, at least for the duration of the multi-year leases &diams " Stickiness" of the businesses of its tenants: Their operations cannot be easily uprooted, if at all, and migrated to another place &diams   Specialised nature of the REIT' s assets: They cater to e-commerce fulfillment (ie, they are not ordinary warehouses used for storage) and to port operations and logistics.  " Our focus is different from that of industrial REITs whose assets are factories and warehouses used for storage. We are providing space for businesses that have flow processes," says Alvin Cheng, CEO of EC World REIT, in an interview with NextInsight. " Compared to REITs owning traditional warehouses and, for example, Keppel DC REIT which hosts data centres, we are somewhere in between at this moment. " But now the market is valuing us as an ordinary industrial REIT. We  are hoping the market would begin to realise what we are and move us along that scale." If the market nudges the unit price up to its NAV (90 cents), the implied yield is 6.84%, based on the annualised DPU of 6.16 cents for 2017. The unit price would almost certainly rise when the REIT makes acquistions that are DPU-accretive. Mr Cheng said that it is actively considering acquiring assets owned not only by the sponsor but third parties also. An acquisition is likely to materialise in the near term but he wouldn' t disclose a timeline.  The REIT has a gearing of 29%, so it has significant headroom for borrowings to make acquisitions before it reaches its allowed limit of 45%.  Arguably, EC World REIT also has assets which are specialised in nature to a material degree:  E-Commerce Logistics As for  EC World REIT, it owns a warehouse and a business park for e-commerce logistics in Hangzhou, home also to the global HQ of Alibaba and regional HQ of Baidu, JD.com and Tencent. Hangzhou, in fact, is one of the largest e-commerce hubs in China, with a market coverage of highly active Chinese cities in e-commerce such as Shanghai and Ningbo. There are more than 470,000 online business entities in Hangzhou (according to Colliers). The REIT' s Fu Heng Warehouse  and Stage 1 Properties of Bei Gang Logistics are located within an integrated e-commerce industry cluster in the north and south of Hangzhou, respectively.  Fu Heng Warehouse hosts the e-commerce operations of &ldquo Ruyicang&rdquo , the e-commerce logistics operator of the REIT' s sponsor, so there is a special stickiness that the REIT' s unit holders can have confidence in. Ruyicang is a  leading e-commerce logistics / warehouse management operator in China. Specialised Logistics EC World REIT has a warehouse, Hengde Logistics, which is unlike ordinary warehouses: It  was built to meet specific requirements of housing high-value consumer goods  such as tobacco, wine and cosmetics. Currently, tobacco products -- including tobacco leaves which need to be aged over two years --  estimated to be worth RMB10 billion  are exclusively stored in this warehouse. Key highlights: &diams The warehouse is leased to a state-owned enterprise, tobacco manufacturer China Tobacco Zhejiang Industrial  Co., Ltd.  &diams   Equipped with advanced and comprehensive facilities including  temperature and humidity control systems, dust-free configurations,  and automatic sprinkler and fire alarm systems etc. Port Logistics Chongxian Port Investment (³çÏ͸ÛͶ×Ê) is the largest inland port in Hangzhou, enjoying a rising throughput of steel products because smaller ports have been closed.  It accounts for about 60% of the throughput of steel products in Hangzhou. Then there is Chongxian Port Logistics (³çÏ͸ÛÎïÁ÷) which  is an integrated complex with warehouses and office buildings which support the operations of Chongxian Port Investment, and is one of the largest metal warehouse and logistics developments in the Yangtze River Delta. The sixth asset, Fu Zhuo Industrial,  comprises berths and office buildings and is located next to Chongxian Port Investment. In this article, we sought to avoid information overload. Investors would do well, after catching their breath, to hop on next to: &bull EC World REIT' s  35-page presentation material  on the SGX website
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sengsk Elite	12-Oct-2017 15:14        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Smell something BUT keep monitor on the Volume increase and decide.
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chengwh1 Elite	21-Sep-2017 14:40        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As said recently in their second qtr report, they will decide later if they will pay out divvies twice a year or four times a year,... I am hoping they will decide on four times a year,... investors will be very happy. I will buy more,....
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chengwh1 Elite	21-Sep-2017 01:42        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone saw the presentation by Alvin Cheng recently,... introducing us to EC World REIT ?? Is it convincing ? Does anybody know where the repeat is please ? The thing here are :- 1) This REIT is still new,... hence no track record yet,... 2) It is China-based,... we all know China' s track record and reputation,... ..............
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jamesng Master	30-Aug-2017 12:57        jamesng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Worth buying? Seem delivering result so far....
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Secret_Squirrel Elite	20-May-2017 22:46        Secret_Squirrel About Contact  Quote this Post!   Yells: "Stay curious but skeptical"
x 0   x 0  Alert Admin	The current CEO is Alvin Cheng. He is the previous CEO of Lippo Malls Indo Retail Trust. Previous 1st quarter 2017   DPU was 1.541 cents. worth taking a look at the annual report publish in April 2017
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johnng Supreme	28-Jul-2016 16:44        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	$0.815 2700 BBs so big
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johnng Supreme	28-Jul-2016 15:29        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOGISITICS CHINA high yield 7-8% NAV $0.88
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