| Latest Forum Topics / Sasseur Reit Last:0.665 -- |
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ChipEngS - Low PE, High Yield and High NAV in One
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JAD_Trader
Veteran |
03-Feb-2023 13:49
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Price has recovered partially. |
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teeth53
Supreme |
16-Aug-2022 21:49
Yells: "don't learn through life, learn to grow with life " |
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REIT?s lumpy debt expiry will see about $511 million or 100% of loans maturing in May 2023. ?We understand that management is in negotiations with new and existing lenders to refinance the loans into two maturity dates, thereby diversifying its loan maturity profile,? notes Lock.
☆ 》 Offshore loans account for 47% of borrowings, of which 40% of (or about 19% of total borrowings) are hedged on fixed rates. Management does not intend to hedge the onshore RMB-denominated loans given the supportive monetary policy in China, which could see interest rates declining in the near-term.
☆ 》 ?Sasseur REIT has identified potential acquisition targets, within its sponsor portfolio, to drive inorganic growth. We believe, in view of SASSR?s debt headroom, that any potential fundraising is unlikely to be sizeable, in our view,? says Lock.
☆ 》 👍 ?We think the worst is over, as tenant sales reversed its declining trend sharply in June and we expect the momentum to continue into 3QFY2022. 😍 We expect variable rents to stage a sharp recovery in 2HFY2022, and flow through the variable portion of EMA rents which contribute about 30% to topline,? says the analysts.
☆ 》 👍 Meanwhile, Sasseur REIT is negotiating to refinance about $510 million worth of debt due in March 2023. Ongoing efforts to strengthen its balance sheet is an important step to build up ammunition for acquisitions, and takes the REIT closer to delivering its first acquisition since IPO.
☆ 》 The analysts note that Xi?an mall features strongly as a prominent acquisition candidate that could stand alongside Chongqing mall as Sasseur REIT?s portfolio titans. Xi?an mall is one of the best ranked malls by tenant sales within sponsor Sasseur Group.
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actan99
Master |
16-Aug-2022 13:54
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Strength in EMA structure keep Sasseur REIT a ' buy'Analysts are positive on Sasseur REIT following its recent 1HFY2022 ended June results announcement, which saw distribution per unit (DPU) grow by 1.1% y-o-y to 3.410 cents from 3.373 cents a year ago. This is the REIT&rsquo s highest 1H period DPU in four years.Source: https://www.theedgesingapore.com/capital/brokers-calls/easing-china-headwinds-strength-ema-structure-keep-sasseur-reit-buy |
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teeth53
Supreme |
22-Jul-2022 10:42
Yells: "don't learn through life, learn to grow with life " |
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Analysts all say positive, positive, but the stock prices movement is not, not supportive. "Stale - for to many time, like yesterday's leftover bread, staling now" 😝
Big vol, recorded, why then 😝 stock price go down?. Date: 21-Feb-2022. Big big...BB. 11,000.000 Share. X |
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teeth53
Supreme |
07-Jul-2022 17:08
Yells: "don't learn through life, learn to grow with life " |
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https://www.moneysense.gov.sg/articles/2018/10/understanding-real-estate-investment-trusts-reits | ||||
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actan99
Master |
27-Jun-2022 14:08
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Closed eyes and bought some lol, Did you ?
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actan99
Master |
24-Jun-2022 16:44
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I know , sgx can check ex date all these , I know just buying for accumalation, i got buy before during when they launched years back, Now just buying more to keep only.
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teeth53
Supreme |
24-Jun-2022 16:05
Yells: "don't learn through life, learn to grow with life " |
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Distribution will be paid out on Jun 28, after the record date on Jun 13...🤪 🤑
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actan99
Master |
24-Jun-2022 14:47
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Nibbled some more few days ago. Cant resist these bargain prices now with over 9% Divdend yields now I think. Good Governancce & Transparency Score of 17 too on SGX website, been improving over the years. Just put one side for divdends. |
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teeth53
Supreme |
23-Jun-2022 22:14
Yells: "don't learn through life, learn to grow with life " |
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Proposed Privatisation Of Frasers Hospitality Trust By Way Of A Trust Scheme Of Arrangement - (Dealings Disclosure....? Today☺ ️ ...0.700)
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teeth53
Supreme |
23-Jun-2022 22:09
Yells: "don't learn through life, learn to grow with life " |
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https://www.frasersproperty.com/reits/fht 😁 0.700
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marketuncle
Veteran |
21-Jun-2022 10:59
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Not to worry, just look at DRT and EC World for guidance. Most probably repeated loan refinancing extensions and possible asset sale (that require shareholders' approval), and meanwhile, continue to collect dividends.
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teeth53
Supreme |
21-Jun-2022 10:52
Yells: "don't learn through life, learn to grow with life " |
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Distribution will be paid out on Jun 28, after the record date on Jun 13
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teeth53
Supreme |
17-Jun-2022 16:17
Yells: "don't learn through life, learn to grow with life " |
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Early next week ........Monday...🤪 🤑 🤑 🤢
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teeth53
Supreme |
17-Jun-2022 14:23
Yells: "don't learn through life, learn to grow with life " |
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Another case of refinancing fear...🤢
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teeth53
Supreme |
16-Jun-2022 16:46
Yells: "don't learn through life, learn to grow with life " |
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About Sasseur REIT, so you feel unsafe investing in it?. However, investors can take comfort that Sasseur REIT has a high rank on the Singapore Governance and Transparency Index (SGTI).
For 2021, Sasseur REIT was in 17th place, up from 25th place last year. It is also notably higher in rank than popular REITs like SPH REIT, Keppel DC REIT and Frasers Centrepoint REIT.
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hwbrwong
Member |
16-Jun-2022 14:40
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another case of refinancing fear ? Its coming up in 9 months time. Likely either asset sale or rights issue both are dpu dilutive |
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teeth53
Supreme |
15-Jun-2022 15:42
Yells: "don't learn through life, learn to grow with life " |
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?....🤢 🤮 ......🤣 $0.770.
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actan99
Master |
01-Jun-2022 18:02
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" Gearing remains healthy levels of 26.2% at end 1QFY2022 providing ample room to support growth." reported by the edge sg on 23th May. I think it got to be one of the lowest gearing ratios for sg reits which is very healthy right ??? Well below MAS 50% limit |
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teeth53
Supreme |
25-May-2022 15:12
Yells: "don't learn through life, learn to grow with life " |
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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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