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SPH REITS - A Much Neglected Investment? Post Reply Rate topic
n3wbie Master	04-Dec-2020 23:29        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Was at Paragon this afternoon and I was expecting it to be empty cos no tourists but can' t be more wrong. Parking was very full, less than 10 lots available at around 3pm and footfall was high, particularly at basement level where all the F& B are. Tbh, the high end retail shops don' t really see many people but maybe too atas! Otherwise, I think Paragon is doing ok their suburban malls like Railway Mall and Clementi Mall should also be doing ok since they service people who live around the area
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WhereI Master	04-Dec-2020 18:50        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	No ice mountain, the price remains at 83 cents.  WhereI      ( Date: 30-Nov-2020 23:24) Posted: Ice Mountain, you can take up this thread since you like this gem. I am vested but am leaving SJ to seek new directions, unlike this stock that has gone nowhere in the last month or so...  may it rise from the ashes again! WhereI      ( Date: 30-Nov-2020 19:53) Posted: I am still in
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WhereI Master	30-Nov-2020 23:24        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ice Mountain, you can take up this thread since you like this gem. I am vested but am leaving SJ to seek new directions, unlike this stock that has gone nowhere in the last month or so...  may it rise from the ashes again! WhereI      ( Date: 30-Nov-2020 19:53) Posted: I am still in. IceMountain      ( Date: 30-Nov-2020 16:43) Posted: SGR as in starhill global reits?  You worried about metro leaving Paragon when the top tenant in SPH Reits only contribute 3.2% but you not worried about toshin leaving Ngee ann city? Toshin alone contribute 22%+ of SGR' s gross portfolio rent
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WhereI Master	30-Nov-2020 19:53        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am still in. IceMountain      ( Date: 30-Nov-2020 16:43) Posted: SGR as in starhill global reits?  You worried about metro leaving Paragon when the top tenant in SPH Reits only contribute 3.2% but you not worried about toshin leaving Ngee ann city? Toshin alone contribute 22%+ of SGR' s gross portfolio rent. Peter88      ( Date: 30-Nov-2020 11:19) Posted: I am out . Paragon is no even closed to MRT station , across ther oad somemore . Will buy more SGR . Much better asset locations and dividend yield .
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IceMountain Member	30-Nov-2020 16:43        IceMountain About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGR as in starhill global reits?  You worried about metro leaving Paragon when the top tenant in SPH Reits only contribute 3.2% but you not worried about toshin leaving Ngee ann city? Toshin alone contribute 22%+ of SGR' s gross portfolio rent. Peter88      ( Date: 30-Nov-2020 11:19) Posted: I am out . Paragon is no even closed to MRT station , across ther oad somemore . Will buy more SGR . Much better asset locations and dividend yield .
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Peter88 Senior	30-Nov-2020 11:19        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am out . Paragon is no even closed to MRT station , across ther oad somemore . Will buy more SGR . Much better asset locations and dividend yield .
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WhereI Master	29-Nov-2020 21:55        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see lots of foreign brand names. Upmarket mall indeed. Would like to see hourglass, Rolex, RSH, and other foreign Brands come here set up shop. May even have medical clinics and services for cancer and heart care. NT1825      ( Date: 29-Nov-2020 21:07) Posted: --- Post Removed by User ---
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WhereI Master	29-Nov-2020 20:49        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	Paragon is not usual mall. it is high class mall with luxury goods on sale. As spore becomes even more affluent, lots of shops retailing goods purchased by rich people can come paragon. It has potential for redevelopment into an even bigger mall, super spacious mall.  Peter88      ( Date: 29-Nov-2020 17:45) Posted: Malls without a enchor tenant can be quiet . Need one to pull crowd . IceMountain      ( Date: 29-Nov-2020 17:14) Posted: If it closes down for the short term there might be some impact but then again. anchor tenent usually pay lesser. If they manage to split it up into smaller stores it is possible that they can make the mall more attractive with more diverse and balance tenent mix.  I dont think got alot of people travel to paragon just so to visit metro? Robinson left JEM and leave the space there vacant for a couple of months while IKEA is preparing to take over next year.  WIth IKEA there, the foot fall will more likely go up and benefit all tenents. So don worry about metro leaving paragon... those stuff the managerment will handle. Max impact is also only about 3.2% if we assume Metro is the largest contributor
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NT1825 Master	29-Nov-2020 18:27        NT1825 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SPH Reit to focus on ~providing sustainable rental income~ Prefer to rely on news which is more recent and relevant. IMO REITS is now on recovery phase since mid Nov 2020 but slowly. Here is one just 3 days ago - Chairman himself said this as quoted: We will continue to build on the strong partnerships established with our tenants, and adapt and overcome the challenges in the fast-changing retail environment. Full read https://www.straitstimes.com/business/companies-markets/sph-reit-to-focus-on-providing-sustainable-rental-income
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Peter88 Senior	29-Nov-2020 17:45        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Malls without a enchor tenant can be quiet . Need one to pull crowd . IceMountain      ( Date: 29-Nov-2020 17:14) Posted: If it closes down for the short term there might be some impact but then again. anchor tenent usually pay lesser. If they manage to split it up into smaller stores it is possible that they can make the mall more attractive with more diverse and balance tenent mix.  I dont think got alot of people travel to paragon just so to visit metro? Robinson left JEM and leave the space there vacant for a couple of months while IKEA is preparing to take over next year.  WIth IKEA there, the foot fall will more likely go up and benefit all tenents. So don worry about metro leaving paragon... those stuff the managerment will handle. Max impact is also only about 3.2% if we assume Metro is the largest contributor. Peter88      ( Date: 29-Nov-2020 09:08) Posted: Robinsn will be vacating Hereen and Raflle city tower soon , Many big spaces available , but less big tenants around . Hope Paragon management can convince Metro to stay put
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IceMountain Member	29-Nov-2020 17:14        IceMountain About Contact  Quote this Post!
x 0   x 0  Alert Admin	If it closes down for the short term there might be some impact but then again. anchor tenent usually pay lesser. If they manage to split it up into smaller stores it is possible that they can make the mall more attractive with more diverse and balance tenent mix.  I dont think got alot of people travel to paragon just so to visit metro? Robinson left JEM and leave the space there vacant for a couple of months while IKEA is preparing to take over next year.  WIth IKEA there, the foot fall will more likely go up and benefit all tenents. So don worry about metro leaving paragon... those stuff the managerment will handle. Max impact is also only about 3.2% if we assume Metro is the largest contributor. Peter88      ( Date: 29-Nov-2020 09:08) Posted: Robinsn will be vacating Hereen and Raflle city tower soon , Many big spaces available , but less big tenants around . Hope Paragon management can convince Metro to stay put . WhereI      ( Date: 28-Nov-2020 14:45) Posted: Not easy... not easy indeed. That is a key risk. But there are not only metro departmental store. Good to have several big tenants and not rely on anchor one
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WhereI Master	29-Nov-2020 12:50        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	People sell for all kinds of reason. If your conviction is sell, do so. I will hold for the next seven years. Peter88      ( Date: 29-Nov-2020 12:44) Posted: The management of SPH reit had already hinted so clearly on the movng out of this anchor tenant , METRO in the Q ans A of their AGM. May sell my SPH reit tomorrow . Now come to think of this : Why the Chairman and his wife sold al their 500,000 uits few weeks ago at 0.86 ? He shuld now the inside news better than anyone . Even NTUC also sold some . WhereI      ( Date: 29-Nov-2020 12:34) Posted: No, most likely it will close down also
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WhereI Master	29-Nov-2020 12:48        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	You must be from Hong Kong... Peter88      ( Date: 29-Nov-2020 12:38) Posted: Standalone mall seems to be deserted by the crowd . The best of the best of Orchard is seems to be THAT STRETCH of ION----WISMA ATRIA---NGEE ANN CITY . All  malls are linked together , with a MTR station below .
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Peter88 Senior	29-Nov-2020 12:44        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The management of SPH reit had already hinted so clearly on the movng out of this anchor tenant , METRO in the Q ans A of their AGM. May sell my SPH reit tomorrow . Now come to think of this : Why the Chairman and his wife sold al their 500,000 uits few weeks ago at 0.86 ? He shuld now the inside news better than anyone . Even NTUC also sold some . WhereI      ( Date: 29-Nov-2020 12:34) Posted: No, most likely it will close down also. cobrajr      ( Date: 29-Nov-2020 12:02) Posted: Mayb Metro will have better human traffic after Robinson closed down
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Peter88 Senior	29-Nov-2020 12:38        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Standalone mall seems to be deserted by the crowd . The best of the best of Orchard is seems to be THAT STRETCH of ION----WISMA ATRIA---NGEE ANN CITY . All  malls are linked together , with a MTR station below .
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WhereI Master	29-Nov-2020 12:34        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	No, most likely it will close down also. cobrajr      ( Date: 29-Nov-2020 12:02) Posted: Mayb Metro will have better human traffic after Robinson closed down
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cobrajr Senior	29-Nov-2020 12:02        cobrajr About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mayb Metro will have better human traffic after Robinson closed down
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Peter88 Senior	29-Nov-2020 09:08        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Robinsn will be vacating Hereen and Raflle city tower soon , Many big spaces available , but less big tenants around . Hope Paragon management can convince Metro to stay put . WhereI      ( Date: 28-Nov-2020 14:45) Posted: Not easy... not easy indeed. That is a key risk. But there are not only metro departmental store. Good to have several big tenants and not rely on anchor one. Peter88      ( Date: 28-Nov-2020 14:39) Posted: But not easy to find new one taking up 3 floors
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WhereI Master	28-Nov-2020 14:45        WhereI About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not easy... not easy indeed. That is a key risk. But there are not only metro departmental store. Good to have several big tenants and not rely on anchor one. Peter88      ( Date: 28-Nov-2020 14:39) Posted: But not easy to find new one taking up 3 floors ? WhereI      ( Date: 28-Nov-2020 14:35) Posted: Peter, it could well be the case. But no worries, we will find another anchor tenant. Paragon is top mall in good location
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Peter88 Senior	28-Nov-2020 14:39        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But not easy to find new one taking up 3 floors ? WhereI      ( Date: 28-Nov-2020 14:35) Posted: Peter, it could well be the case. But no worries, we will find another anchor tenant. Paragon is top mall in good location. Peter88      ( Date: 28-Nov-2020 13:46) Posted: Why the management replied to the question raised about the possible movong ut of the Anchor tenant in Paragon , by say they plan to better manage the anchor spcae of the Paragon ? Are they hinting Metro will be moving out soon ? and they are planing to better manage the anchor space ?
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