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Latest Forum Topics / CapLand Ascott T    Last:0.89    +0.005  Post Reply
Trust in its recovery
luckyguy3
Master
11-Aug-2024 14:51     
 
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 Alert Admin 		CDL Htrust. NTA $1.48. Price/NTA is now 0.59.
Most of it' s loan are floating loans. So it means if there are rate cuts coming, they will benefit the most
since floating loans means it instantly follow the rate cuts so it means the cost of debt will be lowered the fastest.

During rising rates, fixed rate loans benefit most like Ascott, most are fixed rate loans so they benefitted. 

But now tide is turning, rate is dropping so those with floating loans like CDL Htrust is going to gain the most.


 

Alignment      ( Date: 11-Aug-2024 13:47) Posted:

Quite aside from valuation, currency exposure etc, I would rather have my money managed by Ascott than by Far East or CDL. 

luckyguy3      ( Date: 05-Aug-2024 08:12) Posted:

yup.. same as u lo, I will be very sad if i suddenly see Ascott halted,
I will tell myself " wow liao, gone case, must be private placement again, share price dropping liao" ..

So one way I thinking of is to switch to Far East Htrust or CDL Htrust first in Aug/Sept and
wait until Oct when all is cleaer then switch back to Ascott..

hahaha.. If Aug/Sept we have a bull run becos interest rate goingto be cut in Sept,
then at least I wun miss out on the bull run compared to just selling Ascott now.

Just wondering if what I am going to do is a correct one

 
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Alignment
Elite
11-Aug-2024 13:47     
 
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 Alert Admin 		Quite aside from valuation, currency exposure etc, I would rather have my money managed by Ascott than by Far East or CDL. 

luckyguy3      ( Date: 05-Aug-2024 08:12) Posted:

yup.. same as u lo, I will be very sad if i suddenly see Ascott halted,
I will tell myself " wow liao, gone case, must be private placement again, share price dropping liao" ..

So one way I thinking of is to switch to Far East Htrust or CDL Htrust first in Aug/Sept and
wait until Oct when all is cleaer then switch back to Ascott..

hahaha.. If Aug/Sept we have a bull run becos interest rate goingto be cut in Sept,
then at least I wun miss out on the bull run compared to just selling Ascott now.

Just wondering if what I am going to do is a correct one

 

Alignment      ( Date: 05-Aug-2024 08:05) Posted:

Short answer - no.

Slightly longer answer - it of course depends on what the proceeds will be used for, but I doubt Ascott could find a good enough use of proceeds to justify doing a placement where the share price is currently. And that is what makes me thing they will not do a placement between now and the end of Sept. Also their gearing is only 37.2% so no need to raise money just to lower debt.

I hope not to be proved mistaken
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Joelton
Supreme
07-Aug-2024 08:41     
 
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 Alert Admin
CapitaLand Ascott Trust bags S$165 million OCBC sustainability-linked loan
The stapled group is said to have &lsquo greened&rsquo 51 per cent of its global portfolio by gross floor area as at May 2024
CAPITALAND Ascott Trust : HMN -1.15% (Clas) has secured a S$165 million sustainability-linked multi-currency revolving credit facility from OCBC : O39 -0.71%.
 
Proceeds from the loan will be utilised by Clas for general corporate purposes.
 
Dubbed the OCBC 1.5° C Loan, the financing solution was launched in 2023 and grants Clas interest rate reductions upon meeting agreed annual greenhouse gas emission targets validated by the Science Based Targets initiative (SBTi).
 
Clas is the first lodging trust to secure such a loan from OCBC.
 
The stapled group is said to have &ldquo greened&rdquo &ndash or made more environmentally sustainable &ndash 51 per cent of its global portfolio by gross floor area as at May 2024.
 
This exceeds the target of greening 50 per cent of the portfolio by 2025 and puts Clas on track to achieve 100 per cent by 2030, noted the stapled group and OCBC in a joint statement on Tuesday (Aug 6).
 
Serena Teo, chief executive of Clas&rsquo managers, said the latest facility from OCBC brings the stapled group&rsquo s sustainable financing to over S$700 million to date.
 
OCBC and Clas also noted an &ldquo increasing interest&rdquo in the OCBC 1.5° C Loan.
 
They believe this reflects a &ldquo heightened momentum in the global net-zero movement as well as (OCBC&rsquo s) active engagement with clients on their decarbonisation ambitions&rdquo .
 
With total sustainable financing loan commitments at S$63.3 billion, OCBC estimates its sustainable financing loans to have grown 33 per cent from the prior year.
 
&ldquo Despite macroeconomic challenges, it has been very encouraging to see more companies across various sectors in the region chart out their net zero journeys and setting SBTi-aligned decarbonisation targets,&rdquo said Elaine Lam, head of global corporate banking at OCBC.
 
Lam added that the bank has been actively engaging companies that are &ldquo not quite as advanced yet&rdquo on their transition plans and the viable steps to take towards net zero.
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Elf2000
Elite
06-Aug-2024 11:59     
 
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 Alert Admin 		Still secure loan again???
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luckyguy3
Master
05-Aug-2024 08:12     
 
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 Alert Admin 		yup.. same as u lo, I will be very sad if i suddenly see Ascott halted,
I will tell myself " wow liao, gone case, must be private placement again, share price dropping liao" ..

So one way I thinking of is to switch to Far East Htrust or CDL Htrust first in Aug/Sept and
wait until Oct when all is cleaer then switch back to Ascott..

hahaha.. If Aug/Sept we have a bull run becos interest rate goingto be cut in Sept,
then at least I wun miss out on the bull run compared to just selling Ascott now.

Just wondering if what I am going to do is a correct one

 

Alignment      ( Date: 05-Aug-2024 08:05) Posted:

Short answer - no.

Slightly longer answer - it of course depends on what the proceeds will be used for, but I doubt Ascott could find a good enough use of proceeds to justify doing a placement where the share price is currently. And that is what makes me thing they will not do a placement between now and the end of Sept. Also their gearing is only 37.2% so no need to raise money just to lower debt.

I hope not to be proved mistaken.

luckyguy3      ( Date: 05-Aug-2024 07:57) Posted:

Short term wise, one very simple question :)

Would u be happy if any one day from now till end of Sept u wake up and see Ascott Trust halted
and announces private placement.

Yes or No ? 

For the past 3 years, private placements occurred during Aug-Sept and
each time the share price tanked immediately after that. So I will faint if I see
Ascott trust halted. Thats why I am worried. 
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Alignment
Elite
05-Aug-2024 08:05     
 
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 Alert Admin 		Short answer - no.

Slightly longer answer - it of course depends on what the proceeds will be used for, but I doubt Ascott could find a good enough use of proceeds to justify doing a placement where the share price is currently. And that is what makes me thing they will not do a placement between now and the end of Sept. Also their gearing is only 37.2% so no need to raise money just to lower debt.

I hope not to be proved mistaken.

luckyguy3      ( Date: 05-Aug-2024 07:57) Posted:

Short term wise, one very simple question :)

Would u be happy if any one day from now till end of Sept u wake up and see Ascott Trust halted
and announces private placement.

Yes or No ? 

For the past 3 years, private placements occurred during Aug-Sept and
each time the share price tanked immediately after that. So I will faint if I see
Ascott trust halted. Thats why I am worried. 

Alignment      ( Date: 05-Aug-2024 07:51) Posted:

With this strategy the aim is to achieve a positive virtuous circle but as you say the risk is a negative vicious circle. ESR REIT is definitely an example of the latter.

As to Ascott, its track record pre COVID I would say is mixed - DPU since IPO is pretty much flat, give or take some to be expected variations. COVID skews everything of course post 2020 so difficult to say.

My optimism for the future is based upon me being clear in my mind why DPU is currently lower than it could be (currency movements and higher interest rates) and my belief that these factors are soon to be strongly in reversal in favour of Ascott. I also have some firsthand experience of a few of the properties Ascott has recently bought and can see the significant potential value add that these properties will bring from some development investment. 

Let' s see
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Sgvale
Supreme
05-Aug-2024 08:00     
 
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 Alert Admin 		Today is a shorting day. Most if not all will be spared
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luckyguy3
Master
05-Aug-2024 07:57     
 
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 Alert Admin 		Short term wise, one very simple question :)

Would u be happy if any one day from now till end of Sept u wake up and see Ascott Trust halted
and announces private placement.

Yes or No ? 

For the past 3 years, private placements occurred during Aug-Sept and
each time the share price tanked immediately after that. So I will faint if I see
Ascott trust halted. Thats why I am worried. 

Alignment      ( Date: 05-Aug-2024 07:51) Posted:

With this strategy the aim is to achieve a positive virtuous circle but as you say the risk is a negative vicious circle. ESR REIT is definitely an example of the latter.

As to Ascott, its track record pre COVID I would say is mixed - DPU since IPO is pretty much flat, give or take some to be expected variations. COVID skews everything of course post 2020 so difficult to say.

My optimism for the future is based upon me being clear in my mind why DPU is currently lower than it could be (currency movements and higher interest rates) and my belief that these factors are soon to be strongly in reversal in favour of Ascott. I also have some firsthand experience of a few of the properties Ascott has recently bought and can see the significant potential value add that these properties will bring from some development investment. 

Let' s see.

luckyguy3      ( Date: 04-Aug-2024 10:31) Posted:

Yes i agree with u  one can take a long term view. Doing placement/fund raising in acquiring accretive assets
should in the long term increase the DPU/NTA and thus the share price.

BUT basically what I see in Ascott is they keep doing placement/fund raising but both NTA/DPU keep dropping,

Reminds me of ESR-LOGOS reit. I got rid of my ESR-LOGOS reit and bought Ascott. Got a feeling I jumping
from a hell hole into another one here.

Anyway as someone says, if u dun like what u have just sell lo, talk so much for what. :)
 
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Alignment
Elite
05-Aug-2024 07:51     
 
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 Alert Admin 		With this strategy the aim is to achieve a positive virtuous circle but as you say the risk is a negative vicious circle. ESR REIT is definitely an example of the latter.

As to Ascott, its track record pre COVID I would say is mixed - DPU since IPO is pretty much flat, give or take some to be expected variations. COVID skews everything of course post 2020 so difficult to say.

My optimism for the future is based upon me being clear in my mind why DPU is currently lower than it could be (currency movements and higher interest rates) and my belief that these factors are soon to be strongly in reversal in favour of Ascott. I also have some firsthand experience of a few of the properties Ascott has recently bought and can see the significant potential value add that these properties will bring from some development investment. 

Let' s see.

luckyguy3      ( Date: 04-Aug-2024 10:31) Posted:

Yes i agree with u  one can take a long term view. Doing placement/fund raising in acquiring accretive assets
should in the long term increase the DPU/NTA and thus the share price.

BUT basically what I see in Ascott is they keep doing placement/fund raising but both NTA/DPU keep dropping,

Reminds me of ESR-LOGOS reit. I got rid of my ESR-LOGOS reit and bought Ascott. Got a feeling I jumping
from a hell hole into another one here.

Anyway as someone says, if u dun like what u have just sell lo, talk so much for what. :)
 

Alignment      ( Date: 04-Aug-2024 09:33) Posted:

None of your facts (which focus primarily on the short term price implications of the placement/rights issue) materially contradicts my comments. I agree that in the cases you highlight in the short term the price impact of a placement is negative i.e. in the short term the market weighs the negative in an issue of shares at a discount more than the positive in whatever the funds raised are being used for, although theoretically this should not necessarily always be the case. Personally I am more interested in the longer term share price implications as I am not a short term trader, and I was also a (over)subscriber in the placements / rights issues (hence my third and fourth points, reflecting the fact I was a beneficiary of these placements even in the short term). Meanwhile my first and second points speak to whether a placement/rights issue will happen (the IF of your question). 
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luckyguy3
Master
04-Aug-2024 10:31     
 
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 Alert Admin 		Yes i agree with u  one can take a long term view. Doing placement/fund raising in acquiring accretive assets
should in the long term increase the DPU/NTA and thus the share price.

BUT basically what I see in Ascott is they keep doing placement/fund raising but both NTA/DPU keep dropping,

Reminds me of ESR-LOGOS reit. I got rid of my ESR-LOGOS reit and bought Ascott. Got a feeling I jumping
from a hell hole into another one here.

Anyway as someone says, if u dun like what u have just sell lo, talk so much for what. :)
 

Alignment      ( Date: 04-Aug-2024 09:33) Posted:

None of your facts (which focus primarily on the short term price implications of the placement/rights issue) materially contradicts my comments. I agree that in the cases you highlight in the short term the price impact of a placement is negative i.e. in the short term the market weighs the negative in an issue of shares at a discount more than the positive in whatever the funds raised are being used for, although theoretically this should not necessarily always be the case. Personally I am more interested in the longer term share price implications as I am not a short term trader, and I was also a (over)subscriber in the placements / rights issues (hence my third and fourth points, reflecting the fact I was a beneficiary of these placements even in the short term). Meanwhile my first and second points speak to whether a placement/rights issue will happen (the IF of your question). 

luckyguy3      ( Date: 04-Aug-2024 07:23) Posted:

Facts:
1) Placements in 2021 and 2022, Placements + rights issue in 2023
2) Always issued at a DISCOUNT to the trading price
3) Share price tank after the annoucement

So I wondering IF they fund raise again this year since they did it for the past 3 years and I assume
they are expanding so they need the fund, then most likely is discount to trading price. So share price
most likely will drop IF they really fund raise again.





 
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Alignment
Elite
04-Aug-2024 09:33     
 
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 Alert Admin 		None of your facts (which focus primarily on the short term price implications of the placement/rights issue) materially contradicts my comments. I agree that in the cases you highlight in the short term the price impact of a placement is negative i.e. in the short term the market weighs the negative in an issue of shares at a discount more than the positive in whatever the funds raised are being used for, although theoretically this should not necessarily always be the case. Personally I am more interested in the longer term share price implications as I am not a short term trader, and I was also a (over)subscriber in the placements / rights issues (hence my third and fourth points, reflecting the fact I was a beneficiary of these placements even in the short term). Meanwhile my first and second points speak to whether a placement/rights issue will happen (the IF of your question). 

luckyguy3      ( Date: 04-Aug-2024 07:23) Posted:

Facts:
1) Placements in 2021 and 2022, Placements + rights issue in 2023
2) Always issued at a DISCOUNT to the trading price
3) Share price tank after the annoucement

So I wondering IF they fund raise again this year since they did it for the past 3 years and I assume
they are expanding so they need the fund, then most likely is discount to trading price. So share price
most likely will drop IF they really fund raise again.





 

Alignment      ( Date: 04-Aug-2024 00:09) Posted:

Some thoughts&hellip
 
First is that as Goldfinger says rights issues are not bad per se. From a fundamental standpoint whether issuing new shares to fund an acquisition is positive for a company depends on a) the price the new shares are issued, and b) the valuation of the acquisition. For a), clearly the higher the share price the better, while below a certain price an acquisition can flip from being a good deal to a bad one. A competent and responsible management (which I think Ascott has) should only pursue such a transaction when the share price is appropriately high. 
 
Second, I note that at present Ascott&rsquo s share price is way below both NAV and also the share prices at the previous points in time Ascott did rights issues. This makes me think that, as Ascott has competent management, it is unlikely to do a deal involving a rights issue until such time the share price has recovered to levels closer to NAV. The exception would be if an acquisition would be so amazingly attractive that it merited such a move.
 
Third, the experience of investors differs significantly between those unable (or choose not) to invest in the rights issue and those who do invest (or indeed scale up) in the rights issue. Offering rights to all investors protects them from being diluted from a value standpoint when shares are being issued at a discount but only so long as those rights are taken up. Those who don&rsquo t take up their rights will lose out from the dilution. In contrast those who do take up their rights are buying shares at the discounted price i.e. below the trough prices in your email, so your figures are not representative of the actual investor value experience.

Fourth, in the short term technically the share price always falls once the share goes ex rights. That is just maths. In the longer term though there is nothing to stop the share price recovering or exceeding previous levels. It all depends on whether the underlying deal is attractive, which leads us back to the first point
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luckyguy3
Master
04-Aug-2024 07:23     
 
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 Alert Admin 		Facts:
1) Placements in 2021 and 2022, Placements + rights issue in 2023
2) Always issued at a DISCOUNT to the trading price
3) Share price tank after the annoucement

So I wondering IF they fund raise again this year since they did it for the past 3 years and I assume
they are expanding so they need the fund, then most likely is discount to trading price. So share price
most likely will drop IF they really fund raise again.





 

Alignment      ( Date: 04-Aug-2024 00:09) Posted:

Some thoughts&hellip
 
First is that as Goldfinger says rights issues are not bad per se. From a fundamental standpoint whether issuing new shares to fund an acquisition is positive for a company depends on a) the price the new shares are issued, and b) the valuation of the acquisition. For a), clearly the higher the share price the better, while below a certain price an acquisition can flip from being a good deal to a bad one. A competent and responsible management (which I think Ascott has) should only pursue such a transaction when the share price is appropriately high. 
 
Second, I note that at present Ascott&rsquo s share price is way below both NAV and also the share prices at the previous points in time Ascott did rights issues. This makes me think that, as Ascott has competent management, it is unlikely to do a deal involving a rights issue until such time the share price has recovered to levels closer to NAV. The exception would be if an acquisition would be so amazingly attractive that it merited such a move.
 
Third, the experience of investors differs significantly between those unable (or choose not) to invest in the rights issue and those who do invest (or indeed scale up) in the rights issue. Offering rights to all investors protects them from being diluted from a value standpoint when shares are being issued at a discount but only so long as those rights are taken up. Those who don&rsquo t take up their rights will lose out from the dilution. In contrast those who do take up their rights are buying shares at the discounted price i.e. below the trough prices in your email, so your figures are not representative of the actual investor value experience.

Fourth, in the short term technically the share price always falls once the share goes ex rights. That is just maths. In the longer term though there is nothing to stop the share price recovering or exceeding previous levels. It all depends on whether the underlying deal is attractive, which leads us back to the first point.

luckyguy3      ( Date: 03-Aug-2024 14:12) Posted:

Not speculating.. the charts are facts not fake news. the only " speculation" is whether they are going to continue
the fund raising this year. Rights issue is no good, u can ask around. It will sink the share price.
Yes, agree with u. If uncomfortable just switch counter but before I do that, perhaps some experts can give some advice.

Anyway thanks for ur advic
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Alignment
Elite
04-Aug-2024 00:09     
 
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 Alert Admin 		Some thoughts&hellip
 
First is that as Goldfinger says rights issues are not bad per se. From a fundamental standpoint whether issuing new shares to fund an acquisition is positive for a company depends on a) the price the new shares are issued, and b) the valuation of the acquisition. For a), clearly the higher the share price the better, while below a certain price an acquisition can flip from being a good deal to a bad one. A competent and responsible management (which I think Ascott has) should only pursue such a transaction when the share price is appropriately high. 
 
Second, I note that at present Ascott&rsquo s share price is way below both NAV and also the share prices at the previous points in time Ascott did rights issues. This makes me think that, as Ascott has competent management, it is unlikely to do a deal involving a rights issue until such time the share price has recovered to levels closer to NAV. The exception would be if an acquisition would be so amazingly attractive that it merited such a move.
 
Third, the experience of investors differs significantly between those unable (or choose not) to invest in the rights issue and those who do invest (or indeed scale up) in the rights issue. Offering rights to all investors protects them from being diluted from a value standpoint when shares are being issued at a discount but only so long as those rights are taken up. Those who don&rsquo t take up their rights will lose out from the dilution. In contrast those who do take up their rights are buying shares at the discounted price i.e. below the trough prices in your email, so your figures are not representative of the actual investor value experience.

Fourth, in the short term technically the share price always falls once the share goes ex rights. That is just maths. In the longer term though there is nothing to stop the share price recovering or exceeding previous levels. It all depends on whether the underlying deal is attractive, which leads us back to the first point.

luckyguy3      ( Date: 03-Aug-2024 14:12) Posted:

Not speculating.. the charts are facts not fake news. the only " speculation" is whether they are going to continue
the fund raising this year. Rights issue is no good, u can ask around. It will sink the share price.
Yes, agree with u. If uncomfortable just switch counter but before I do that, perhaps some experts can give some advice.

Anyway thanks for ur advice

Goldfinger      ( Date: 03-Aug-2024 14:07) Posted:

Best not to speculate. If unhappy, write to Management or attend the AGM and express your displeasure.  If you are uncomfortable, can sell and forget.  Rights issue are not bad per se, and depends on the price.
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luckyguy3
Master
03-Aug-2024 14:12     
 
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 Alert Admin 		Not speculating.. the charts are facts not fake news. the only " speculation" is whether they are going to continue
the fund raising this year. Rights issue is no good, u can ask around. It will sink the share price.
Yes, agree with u. If uncomfortable just switch counter but before I do that, perhaps some experts can give some advice.

Anyway thanks for ur advice

Goldfinger      ( Date: 03-Aug-2024 14:07) Posted:

Best not to speculate. If unhappy, write to Management or attend the AGM and express your displeasure.  If you are uncomfortable, can sell and forget.  Rights issue are not bad per se, and depends on the price.

luckyguy3      ( Date: 03-Aug-2024 13:26) Posted:

Hi, I need some advice from expert here. Currently holding Ascott trust shares. Happened to do some research after
I read a comment in another forum about Ascott share price dropping due to fund raising.
After merging Ascott resident with Ascendas, they want to expand so resort to fund raising I think.

Attached is the chart I made after going through the announcements made and the share price after the announcements.

As can be seen from the chart, Ascott usually will resort to fund raising in Aug to Sept and they have been doing that consistently over the last 3 years.

In 9 Sept 2021, Private placement, share price dropped from 1.04 all the way to 90+ cents
In 18 Aug 2022, Private placement, share price dropped from 1.18 to 1.08
In 3 Aug 2023, Fund raising, share price dropped from 1.03 to 90+ cents.

I wonder would the same pattern happens again this year? If so, share price may dropped from 90+ cents to mid 80 cents perhaps?
A bit worried.


 


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Goldfinger
Supreme
03-Aug-2024 14:07     
 
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 Alert Admin 		Best not to speculate. If unhappy, write to Management or attend the AGM and express your displeasure.  If you are uncomfortable, can sell and forget.  Rights issue are not bad per se, and depends on the price.

luckyguy3      ( Date: 03-Aug-2024 13:26) Posted:

Hi, I need some advice from expert here. Currently holding Ascott trust shares. Happened to do some research after
I read a comment in another forum about Ascott share price dropping due to fund raising.
After merging Ascott resident with Ascendas, they want to expand so resort to fund raising I think.

Attached is the chart I made after going through the announcements made and the share price after the announcements.

As can be seen from the chart, Ascott usually will resort to fund raising in Aug to Sept and they have been doing that consistently over the last 3 years.

In 9 Sept 2021, Private placement, share price dropped from 1.04 all the way to 90+ cents
In 18 Aug 2022, Private placement, share price dropped from 1.18 to 1.08
In 3 Aug 2023, Fund raising, share price dropped from 1.03 to 90+ cents.

I wonder would the same pattern happens again this year? If so, share price may dropped from 90+ cents to mid 80 cents perhaps?
A bit worried.


 

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luckyguy3
Master
03-Aug-2024 13:26     
 
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 Alert Admin 		Hi, I need some advice from expert here. Currently holding Ascott trust shares. Happened to do some research after
I read a comment in another forum about Ascott share price dropping due to fund raising.
After merging Ascott resident with Ascendas, they want to expand so resort to fund raising I think.

Attached is the chart I made after going through the announcements made and the share price after the announcements.

As can be seen from the chart, Ascott usually will resort to fund raising in Aug to Sept and they have been doing that consistently over the last 3 years.

In 9 Sept 2021, Private placement, share price dropped from 1.04 all the way to 90+ cents
In 18 Aug 2022, Private placement, share price dropped from 1.18 to 1.08
In 3 Aug 2023, Fund raising, share price dropped from 1.03 to 90+ cents.

I wonder would the same pattern happens again this year? If so, share price may dropped from 90+ cents to mid 80 cents perhaps?
A bit worried.


 
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Joelton
Supreme
30-Jul-2024 11:20     
 
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 Alert Admin
CapitaLand Ascott Trust to call its 2019 perps, plans to replace with new tranche
 
CapitaLand Ascott Trust (CLAS) has announced it will call its $150 million, 3.88% perpetual securities issue in September 2019 on September 4. During CLAS 1HFY2024 results briefing on July 26, Serena Teo, CEO of CLAS' trustee manager said she viewed perpertual securities as equity. 
 
An ongoing debate on whether perpetual securities should be viewed as debt or equity - they are in effect hybrids - continues. The current regulations enable perpetual securities to be classified as equity. However their distributions have to be taken into account for the calculaiton of interest coverage ratio. If perpetual securities are classified as equity, they appear " cheap" . However perpetual securities are also viewed as expensive debt. 
 
CLAS will be replacing its $150 million perps with a tranche of $150 million perpetual securities priced at 4.9%, according to investors being offered the new tranche.   
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Alignment
Elite
29-Jul-2024 14:21     
 
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 Alert Admin 		Sure, for now. Going forward though, I believe SGD will weaken against most currencies so I want that to be a tailwind for me in this space so I prefer Ascott (there are other reasons as well). I agree if you want more purely local exposure then others are more suitable.

Goldfinger      ( Date: 28-Jul-2024 14:47) Posted:

Hence, CDLHT and FEHT do not have as much of a currency conversion issue as Ascott.

Alignment      ( Date: 28-Jul-2024 13:12) Posted:

Yes. Performance will be very strong once the SGD starts to weaken.
 Useful To Me  Not Useful To Me
Goldfinger
Supreme
28-Jul-2024 14:47     
 
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 Alert Admin 		Hence, CDLHT and FEHT do not have as much of a currency conversion issue as Ascott.

Alignment      ( Date: 28-Jul-2024 13:12) Posted:

Yes. Performance will be very strong once the SGD starts to weaken.
 Useful To Me  Not Useful To Me
Alignment
Elite
28-Jul-2024 13:12     
 
Alignment About Contact  Quote this Post! Style: Fundamental  
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 Alert Admin 		Yes. Performance will be very strong once the SGD starts to weaken.
 Useful To Me  Not Useful To Me
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