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Hidden Gem of e-Commerce REIT related to Alibaba Post Reply Rate topic
crystalbee Veteran	16-Mar-2021 14:32        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	I nearly bought First Reits...fortunately I didn' t. FR did have some good reviews. We don' t really know what is going on inside until it becomes news. Shares that have very different analysts views......Top Glove, IFAST.......some shout " Buy" some shout " Sell" .....headache to decide who is right. Decide own self based on own risk return appetite.
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laksaman57 Supreme	16-Mar-2021 14:24        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Last time police wear short 🤣 nott1965      ( Date: 16-Mar-2021 13:08) Posted: Haha Sabana tanked from $1.05 to $0.39. Only at this price than got interest? So what if it is Singa stock? laksaman57      ( Date: 16-Mar-2021 11:39) Posted: LOL ... Even big boy ESR reit want to merge aka acquire Sabana reit & you call it run-of-mill reit. It's not too late for you you're switch from EC World reit to Sabana reit before Sabana reit price run up. Gentle reminder, EC World properties are 100% in China & Sabana's in Singapore.
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simpleguy123 Elite	16-Mar-2021 13:13        simpleguy123 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I remember FR being given a review by ' The Fifth Person' , one of the four suggested buying it... laksaman57      ( Date: 16-Mar-2021 10:08) Posted: There were also many warning sign at FR but price stay high by ppl faith until ..... crystalbee      ( Date: 16-Mar-2021 09:39) Posted: If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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nott1965 Veteran	16-Mar-2021 13:08        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha Sabana tanked from $1.05 to $0.39. Only at this price than got interest? So what if it is Singa stock? laksaman57      ( Date: 16-Mar-2021 11:39) Posted: LOL ... Even big boy ESR reit want to merge aka acquire Sabana reit & you call it run-of-mill reit. It's not too late for you you're switch from EC World reit to Sabana reit before Sabana reit price run up. Gentle reminder, EC World properties are 100% in China & Sabana's in Singapore. nott1965      ( Date: 16-Mar-2021 10:49) Posted: Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill  Reits like Sabana
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laksaman57 Supreme	16-Mar-2021 11:44        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where there is smoke aka late-rental-payment, THERE IS FIRE
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laksaman57 Supreme	16-Mar-2021 11:39        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL ... Even big boy ESR reit want to merge aka acquire Sabana reit & you call it run-of-mill reit. It's not too late for you you're switch from EC World reit to Sabana reit before Sabana reit price run up. Gentle reminder, EC World properties are 100% in China & Sabana's in Singapore. nott1965      ( Date: 16-Mar-2021 10:49) Posted: Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill  Reits like Sabana
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crystalbee Veteran	16-Mar-2021 11:04        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think commentators don' t have bad intentions but just sharing their real concerns. Maybe right maybe wrong but still an issue for discussion. If you are correct then you profit lor. Nothing wrong if some prefer to be cautious.  nott1965      ( Date: 16-Mar-2021 10:49) Posted: Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill  Reits like Sabana
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Starship Supreme	16-Mar-2021 10:59        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	nott1965      ( Date: 16-Mar-2021 10:49) Posted: Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill  Reits like Sabana
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nott1965 Veteran	16-Mar-2021 10:49        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks all for spreading the panic. Now can buy even cheaper. This gem is more financially sound than some other run of the mill  Reits like Sabana
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crystalbee Veteran	16-Mar-2021 10:47        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	In May last year, I actually called their SG office about rental rebates given from our pockets. I know SG based REITs also give rental rebates but these rebates are financially supported by government. They said it is one-off event and not likely to happen in future quarters. I guess they just recently announced " not to receive performance fee due for the whole of FY2020" as doing their part since shareholders paid for the rental rebates in Q1. Good of Management to do their part too.
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laksaman57 Supreme	16-Mar-2021 10:26        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://ecwreit.listedcompany.com/news.html/id/820310 Prudent to ask yourself why their offshore loan is more than onshore loan. whisng      ( Date: 16-Mar-2021 09:47) Posted: That time First Reit before the rental restructuring and the rights issue also gave out dividends to entice people to buy in.  Little did we know that First Reit is running out of cash and that' s why the banks are not willing to loan them money and thus First Reit had to issue rights at depressed price.  These business man are very shrew, so better monitor and run if sense something is wrong or fishy. crystalbee      ( Date: 16-Mar-2021 09:39) Posted: If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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prophetjul Master	16-Mar-2021 10:14        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	The big red flag for First Reit was the downgrading of LippoKarawachi  Credit ratings if memory serves. https://www.reitsweek.com/2019/02/first-reit-downgraded-amid-concerns-over-sponsors-credit-ratings.html whisng      ( Date: 16-Mar-2021 09:47) Posted: That time First Reit before the rental restructuring and the rights issue also gave out dividends to entice people to buy in.  Little did we know that First Reit is running out of cash and that' s why the banks are not willing to loan them money and thus First Reit had to issue rights at depressed price.  These business man are very shrew, so better monitor and run if sense something is wrong or fishy. crystalbee      ( Date: 16-Mar-2021 09:39) Posted: If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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Starship Supreme	16-Mar-2021 10:10        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	laksaman57      ( Date: 16-Mar-2021 10:08) Posted: There were also many warning sign at FR but price stay high by ppl faith until ..... crystalbee      ( Date: 16-Mar-2021 09:39) Posted: If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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crystalbee Veteran	16-Mar-2021 10:10        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for sharing. Agree it is better to be safe than sorry.
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laksaman57 Supreme	16-Mar-2021 10:08        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There were also many warning sign at FR but price stay high by ppl faith until ..... crystalbee      ( Date: 16-Mar-2021 09:39) Posted: If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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Starship Supreme	16-Mar-2021 09:57        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next time give away assets to Forchn.    laksaman57      ( Date: 16-Mar-2021 09:36) Posted: First it was rebate Now late rental payment penalty waived What'll be next ? Rental restructure like FR ? laksaman57      ( Date: 16-Mar-2021 09:27) Posted: Good observation by a commenter in article "Anonymous2 June 2020 at 09:10 The fact that Forchn has a controlling stake in EC may not be a positive. Recently EC gave out ¥23mil in rental rebates to their tenants, almost all (like 90%) of which went to Forchn. Basically, if Forchn can't pay rent, they dont even need to default. Minority holders have no say - EC just goes ahead to cut distributions and give a voluntary rebate, waiving off Forchn's rental.
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whisng Veteran	16-Mar-2021 09:47        whisng About Contact  Quote this Post!
x 0   x 0  Alert Admin	That time First Reit before the rental restructuring and the rights issue also gave out dividends to entice people to buy in.  Little did we know that First Reit is running out of cash and that' s why the banks are not willing to loan them money and thus First Reit had to issue rights at depressed price.  These business man are very shrew, so better monitor and run if sense something is wrong or fishy. crystalbee      ( Date: 16-Mar-2021 09:39) Posted: If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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crystalbee Veteran	16-Mar-2021 09:39        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	If waiving off late rental payment penalty means trouble, then it is puzzling how today' s share price can be maintained at yesterday closing $0.710. If there is rental collection issues, they still can pay 4Qtr 2020 distributions??? I don' t understand. Keenly watching after selling off all last year with tiny gain.
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laksaman57 Supreme	16-Mar-2021 09:38        laksaman57 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Watch out for a FR maneuver whisng      ( Date: 16-Mar-2021 09:31) Posted: The manager of EC world Reit also waived the 10 mil late charges.  Very fishy leh. Like helping the sponsor by waiving the late fees.  So next time if late also waive, how EC world reit going to survive on when the payments are late? From report of EC world reit....The Late Fees amount to S$10,998,556 which represents approximately 1.61% of EC World REIT&rsquo s net tangible assets as at 31 December 2020. laksaman57      ( Date: 16-Mar-2021 09:27) Posted: Good observation by a commenter in article "Anonymous2 June 2020 at 09:10 The fact that Forchn has a controlling stake in EC may not be a positive. Recently EC gave out ¥23mil in rental rebates to their tenants, almost all (like 90%) of which went to Forchn. Basically, if Forchn can't pay rent, they dont even need to default. Minority holders have no say - EC just goes ahead to cut distributions and give a voluntary rebate, waiving off Forchn's rental.
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laksaman57 Supreme	16-Mar-2021 09:36        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	First it was rebate Now late rental payment penalty waived What'll be next ? Rental restructure like FR ? laksaman57      ( Date: 16-Mar-2021 09:27) Posted: Good observation by a commenter in article "Anonymous2 June 2020 at 09:10 The fact that Forchn has a controlling stake in EC may not be a positive. Recently EC gave out ¥23mil in rental rebates to their tenants, almost all (like 90%) of which went to Forchn. Basically, if Forchn can't pay rent, they dont even need to default. Minority holders have no say - EC just goes ahead to cut distributions and give a voluntary rebate, waiving off Forchn's rental." cmengchan      ( Date: 16-Mar-2021 08:59) Posted: Can Forchn Holdings afford the rents to EC World REIT? By Mr Llama (dated June 2020) https://www.llamafinance.com/2020/06/can-forchn-holdings-pay-off-rents-to-ec.html
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