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Latest Forum Topics / Keppel Reit    Last:0.85 --  Post Reply
Keppel REIT
mikewb21
Senior
13-Jan-2024 10:49     
 
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 Alert Admin 		Yup Temasek balanced interst is Deemed, they sold their direct interest.

Wonder who' s the buyer? 1 transaction 74mil means 1 buyer?
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Alignment
Elite
12-Jan-2024 20:51     
 
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 Alert Admin 		Temasek only owns listed shares for a strategic purpose. It only ended up holding KREIT shares via the in specie distribution by Keppel. Hence selling these shares is consistent with its strategy.

The Edge article contains some errors I think, in particular the implication that Temasek owns more KREIT shares it may sell in the future. That is inaccurate - Temasek has no more shares to sell.

BTW in a similar way Temasek does not own KIT shares directly, so there will be no KIT share sales by Temasek.
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spore1
Supreme
12-Jan-2024 17:50     
 
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 Alert Admin 		KIT than Keppel Corp

Stocky901      ( Date: 12-Jan-2024 16:19) Posted:

Why tamasek keeps selling kepp-linked stocks.. kepp dc, kepp reit, etc? What's next?🤔 🤔

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Battle123
Elite
12-Jan-2024 16:56     
 
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 Alert Admin 		Be cautious ...

dyodd
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Stocky901
Supreme
12-Jan-2024 16:19     
 
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 Alert Admin 		Why tamasek keeps selling kepp-linked stocks.. kepp dc, kepp reit, etc? What's next?🤔 🤔
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FATABA
Supreme
12-Jan-2024 15:55     
 
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 Alert Admin 		Whatever , T decide to sell this large amount ....tells that they have better return with this $$ then Kep Reit . 
Dyodd

Sin_Cos_Tan      ( Date: 12-Jan-2024 15:31) Posted:

Temasek disposes of 74.3 mil Keppel REIT units at 91.38 cents
The block came from the dividend in specie from Keppel' s shares. 
https://www.theedgesingapore.com/capital/insider-moves/temasek-disposes-743-mil-keppel-reit-units-9138-cents

 

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Sin_Cos_Tan
Veteran
12-Jan-2024 15:31     
 
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 Alert Admin 		Temasek disposes of 74.3 mil Keppel REIT units at 91.38 cents
The block came from the dividend in specie from Keppel' s shares. 
https://www.theedgesingapore.com/capital/insider-moves/temasek-disposes-743-mil-keppel-reit-units-9138-cents

 
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mikewb21
Senior
12-Jan-2024 09:57     
 
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 Alert Admin 		Wow, 72mil married deal done at $0.915. Somethig brewing?
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Alignment
Elite
05-Jan-2024 12:48     
 
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 Alert Admin 		Given their last disclosed NAV was $1.31, what they should be doing with every spare cent they have is to buy back shares. Difficult for them to make more or easier money than that.
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mikewb21
Senior
03-Jan-2024 08:39     
 
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 Alert Admin 		Nice.

I feel they should concentrate on Japan more, maybe divest some Australian properties and buy more Japan Grade A office. Cost of Fund very low in Japan, very ideal for REITs
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PiRPiR
Master
03-Jan-2024 00:43     
 
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 Alert Admin 		Keppel REIT's Tokyo asset achieves full occupancy with new tenancies

Tue, Jan 02, 2024 ? 06:03 PM GMT+08 ? 2 min read

https://www.theedgesingapore.com/news/reits/keppel-reits-tokyo-asset-achieves-full-occupancy-new-tenancies
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Alignment
Elite
16-Dec-2023 16:38     
 
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 Alert Admin 		This REIT more than most others has been hit by the higher interest rates over the past two years. If you look at the operational financials they have been strong - the recent fall in DPU is entirely due to higher interest costs. As this reverses the underlying operational growth from higher rents/accretive M& A/buybacks will reveal itself. The rise in share price is anticipating this.

 
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Eagle88
Supreme
15-Dec-2023 15:23     
 
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 Alert Admin 		A lot of money parked in USD will start to flow to or back to Singapore due to Singapore super strong currency, whether into stock market or properties. As USD is going to come down soonest than later due to future interest rate cut next year.

Eagle88      ( Date: 15-Dec-2023 15:14) Posted:

Malaysia EPF should buy this stock to earn high dividends, appreciation of SP and appreciation of Singapore Dollars.

Eagle88      ( Date: 15-Dec-2023 14:49) Posted:

Once breaks 985, it will be going for 1000 and beyond.   


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Eagle88
Supreme
15-Dec-2023 15:14     
 
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 Alert Admin 		Malaysia EPF should buy this stock to earn high dividends, appreciation of SP and appreciation of Singapore Dollars.

Eagle88      ( Date: 15-Dec-2023 14:49) Posted:

Once breaks 985, it will be going for 1000 and beyond.   

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Eagle88
Supreme
15-Dec-2023 14:49     
 
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 Alert Admin 		Once breaks 985, it will be going for 1000 and beyond.   
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Eagle88
Supreme
15-Dec-2023 11:51     
 
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 Alert Admin

Eagle88      ( Date: 15-Dec-2023 11:44) Posted:

Interest will be coming down very soon next year, KREIT is one of the REITS that will give good yield that is higher than FD. Other than the DPU, the SP will continue to move up following the down cycle of interest rate.

Eagle88      ( Date: 15-Dec-2023 11:37) Posted:

Singapore office REITs the ' star' among S-REITS: DBS analysts



Analysts at DBS Group Research have named Singapore offices as the &ldquo star&rdquo among Singapore REITS (S-REITS) amid uncertainties. They have named Keppel REIT (KREIT) and Mapletree Pan Asia Commercial Trust  N2IU  1.34%  (MPACT) as their preferred REITS, and OUE  LJ3  0.88%  Commercial REIT  TS0U  -1.72%  (OUECT) as their mid-capitalisation pick. 


As office S-REITs have 54%-93% of their overall valuation attributable to the Singapore office sector, market concerns on potential de-rating of office asset valuations are &ldquo likely unfounded&rdquo , says DBS. 

The overall metrics of positive reversions driving cash flows, high return to office statistics at more than 85% for office, and supportive demand-supply dynamics in the coming years, as well as a stabilising interest rate environment has made DBS turn more positive on the sector.
DBS&rsquo s economists expects Singapore&rsquo s gross domestic product (GDP) growth to improve in 2024, and their analysis indicates that demand in finance and insurance sector (largest tenants of CBD offices in Singapore) has reached a trough.


&ldquo We believe the scarcity of Grade A Core CBD space will likely persist longer than expected due to the absence of new office sites and removal of offices for redevelopment,&rdquo DBS analysts note. &ldquo This trend is projected to drive the overall vacancy rate to below 4% within the next 2 years (or earlier if demand stems from economic growth). Thus, overall rents could remain steady &mdash a catalyst for the office sector &mdash rather than decline.&rdquo

The analysts also believe that with expectations of interest rates finally peaking, the year-end asset valuation update for office S-REITS could show more resilience. In their stress test analysis, commercial/office S-REITs are likely to maintain their gearing below 45% even on the back of a 10% decline in portfolio valuation, supported by a strong Singapore asset base.

As such, they expect the final overhang to be lifted soon as asset values are likely to remain stronger than expected. 

Considering that the analysts have an assumed asset &ldquo write-off&rdquo of 5%-7%, the sector is trading at 0.7x adjusted p/bv, close to -1 standard deviation (s.d.) of the mean while offering an FY2024 yield of more than 6% above historical average. 

The analysts say that this suggests that risk of asset value write-offs is more than priced in. 

&ldquo We have factored in higher-for-longer interest rates in our estimates and distribution per units (DPUs) are likely to bottom out in FY2024. We project FY2025 DPU may potentially grow

by 3% y-o-y,&rdquo they say. 

As such, they prefer KREIT and MPACT on attractive valuations, at more than 6% yield and a p/bv of less than -0.5 s.d.. Meanwhile, OUECT is their mid-capitalisation pick representing a 8% yield, 0.5x p/bv with no refinancing risk and upside from the hospitality segment. https://www.theedgesingapore.com/capital/brokers-calls/singapore-office-reits-star-among-s-reits-dbs-analysts
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Eagle88
Supreme
15-Dec-2023 11:44     
 
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 Alert Admin 		Interest will be coming down very soon next year, KREIT is one of the REITS that will give good yield that is higher than FD. Other than the DPU, the SP will continue to move up following the down cycle of interest rate.

Eagle88      ( Date: 15-Dec-2023 11:37) Posted:

Singapore office REITs the ' star' among S-REITS: DBS analysts



Analysts at DBS Group Research have named Singapore offices as the &ldquo star&rdquo among Singapore REITS (S-REITS) amid uncertainties. They have named Keppel REIT (KREIT) and Mapletree Pan Asia Commercial Trust  N2IU  1.34%  (MPACT) as their preferred REITS, and OUE  LJ3  0.88%  Commercial REIT  TS0U  -1.72%  (OUECT) as their mid-capitalisation pick. 


As office S-REITs have 54%-93% of their overall valuation attributable to the Singapore office sector, market concerns on potential de-rating of office asset valuations are &ldquo likely unfounded&rdquo , says DBS. 

The overall metrics of positive reversions driving cash flows, high return to office statistics at more than 85% for office, and supportive demand-supply dynamics in the coming years, as well as a stabilising interest rate environment has made DBS turn more positive on the sector.
DBS&rsquo s economists expects Singapore&rsquo s gross domestic product (GDP) growth to improve in 2024, and their analysis indicates that demand in finance and insurance sector (largest tenants of CBD offices in Singapore) has reached a trough.


&ldquo We believe the scarcity of Grade A Core CBD space will likely persist longer than expected due to the absence of new office sites and removal of offices for redevelopment,&rdquo DBS analysts note. &ldquo This trend is projected to drive the overall vacancy rate to below 4% within the next 2 years (or earlier if demand stems from economic growth). Thus, overall rents could remain steady &mdash a catalyst for the office sector &mdash rather than decline.&rdquo

The analysts also believe that with expectations of interest rates finally peaking, the year-end asset valuation update for office S-REITS could show more resilience. In their stress test analysis, commercial/office S-REITs are likely to maintain their gearing below 45% even on the back of a 10% decline in portfolio valuation, supported by a strong Singapore asset base.

As such, they expect the final overhang to be lifted soon as asset values are likely to remain stronger than expected. 

Considering that the analysts have an assumed asset &ldquo write-off&rdquo of 5%-7%, the sector is trading at 0.7x adjusted p/bv, close to -1 standard deviation (s.d.) of the mean while offering an FY2024 yield of more than 6% above historical average. 

The analysts say that this suggests that risk of asset value write-offs is more than priced in. 

&ldquo We have factored in higher-for-longer interest rates in our estimates and distribution per units (DPUs) are likely to bottom out in FY2024. We project FY2025 DPU may potentially grow

by 3% y-o-y,&rdquo they say. 

As such, they prefer KREIT and MPACT on attractive valuations, at more than 6% yield and a p/bv of less than -0.5 s.d.. Meanwhile, OUECT is their mid-capitalisation pick representing a 8% yield, 0.5x p/bv with no refinancing risk and upside from the hospitality segment. https://www.theedgesingapore.com/capital/brokers-calls/singapore-office-reits-star-among-s-reits-dbs-analysts
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Eagle88
Supreme
15-Dec-2023 11:37     
 
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 Alert Admin

Singapore office REITs the ' star' among S-REITS: DBS analysts



Analysts at DBS Group Research have named Singapore offices as the &ldquo star&rdquo among Singapore REITS (S-REITS) amid uncertainties. They have named Keppel REIT (KREIT) and Mapletree Pan Asia Commercial Trust  N2IU  1.34%  (MPACT) as their preferred REITS, and OUE  LJ3  0.88%  Commercial REIT  TS0U  -1.72%  (OUECT) as their mid-capitalisation pick. 


As office S-REITs have 54%-93% of their overall valuation attributable to the Singapore office sector, market concerns on potential de-rating of office asset valuations are &ldquo likely unfounded&rdquo , says DBS. 

The overall metrics of positive reversions driving cash flows, high return to office statistics at more than 85% for office, and supportive demand-supply dynamics in the coming years, as well as a stabilising interest rate environment has made DBS turn more positive on the sector.
DBS&rsquo s economists expects Singapore&rsquo s gross domestic product (GDP) growth to improve in 2024, and their analysis indicates that demand in finance and insurance sector (largest tenants of CBD offices in Singapore) has reached a trough.


&ldquo We believe the scarcity of Grade A Core CBD space will likely persist longer than expected due to the absence of new office sites and removal of offices for redevelopment,&rdquo DBS analysts note. &ldquo This trend is projected to drive the overall vacancy rate to below 4% within the next 2 years (or earlier if demand stems from economic growth). Thus, overall rents could remain steady &mdash a catalyst for the office sector &mdash rather than decline.&rdquo

The analysts also believe that with expectations of interest rates finally peaking, the year-end asset valuation update for office S-REITS could show more resilience. In their stress test analysis, commercial/office S-REITs are likely to maintain their gearing below 45% even on the back of a 10% decline in portfolio valuation, supported by a strong Singapore asset base.

As such, they expect the final overhang to be lifted soon as asset values are likely to remain stronger than expected. 

Considering that the analysts have an assumed asset &ldquo write-off&rdquo of 5%-7%, the sector is trading at 0.7x adjusted p/bv, close to -1 standard deviation (s.d.) of the mean while offering an FY2024 yield of more than 6% above historical average. 

The analysts say that this suggests that risk of asset value write-offs is more than priced in. 

&ldquo We have factored in higher-for-longer interest rates in our estimates and distribution per units (DPUs) are likely to bottom out in FY2024. We project FY2025 DPU may potentially grow

by 3% y-o-y,&rdquo they say. 

As such, they prefer KREIT and MPACT on attractive valuations, at more than 6% yield and a p/bv of less than -0.5 s.d.. Meanwhile, OUECT is their mid-capitalisation pick representing a 8% yield, 0.5x p/bv with no refinancing risk and upside from the hospitality segment. https://www.theedgesingapore.com/capital/brokers-calls/singapore-office-reits-star-among-s-reits-dbs-analysts
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mikewb21
Senior
15-Dec-2023 10:44     
 
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 Alert Admin 		Nice Rally. Hope it will break $1 soon. 

https://www.theedgesingapore.com/capital/brokers-calls/singapore-office-reits-star-among-s-reits-dbs-analysts
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Alignment
Elite
11-Dec-2023 14:51     
 
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 Alert Admin 		Of course Kep Corp has more KREIT shares it could pay in-specie if it wanted to.

Alignment      ( Date: 17-Nov-2023 13:05) Posted:

Not down the road, but only for the short term. The shares paid out represents 5 months' trading volume for KREIT (assuming 1/3 trading volume). Clearly not all investors are going to sell.

eddyeddy      ( Date: 10-Nov-2023 12:39) Posted:

If more selling the free units from Kep corp , should depress the unit price down the road


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