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Sasseur REIT Latest News

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Panda8
    27-Sep-2024 20:06  
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Yes, more rate cut on the way, the only way for this counter to move is up up up..... 

actan99      ( Date: 27-Sep-2024 19:54) Posted:

UP UP UP. 

This counter still early. 

Panda8      ( Date: 27-Sep-2024 17:08) Posted:

just the begining and will start to fly with good news in china stock market. 


 
 
actan99
    27-Sep-2024 19:54  
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UP UP UP. 

This counter still early. 

Panda8      ( Date: 27-Sep-2024 17:08) Posted:

just the begining and will start to fly with good news in china stock market. 

vicloo      ( Date: 27-Sep-2024 16:55) Posted:

Most SG listed reits already up 15-20% last 3-4 weeks... except Sasseur, now finally moved a bit.


 
 
Panda8
    27-Sep-2024 17:08  
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just the begining and will start to fly with good news in china stock market. 

vicloo      ( Date: 27-Sep-2024 16:55) Posted:

Most SG listed reits already up 15-20% last 3-4 weeks... except Sasseur, now finally moved a bit.

Panda8      ( Date: 27-Sep-2024 12:18) Posted:

Rotational play, begining to move and fly..... all in.....


 

 
vicloo
    27-Sep-2024 16:55  
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Most SG listed reits already up 15-20% last 3-4 weeks... except Sasseur, now finally moved a bit.

Panda8      ( Date: 27-Sep-2024 12:18) Posted:

Rotational play, begining to move and fly..... all in.....

 
 
Panda8
    27-Sep-2024 12:18  
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Rotational play, begining to move and fly..... all in.....
 
 
actan99
    26-Sep-2024 15:45  
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UP.   

Still can buy. 
 

 
teeth53
    26-Sep-2024 10:59  
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Just a few minute ago, plays on SASSEUR REIT hit 0.685 lehh...somethings moving with good players here as it volume move more above 2,000,000 million shares this morning. GOOD :)

teeth53      ( Date: 26-Sep-2024 10:09) Posted:

No Why!. Today Thursday, 26th/Sept. Players like to play up, is very normal reasonable for this stock to move, I hope like SASSEUR? REIT can move a bit more, of course to move up lehh then is good to play mah?.

Now trading up .680 or up 1.5%... LIKE THAT THEN GOOG To PLAY.. :)

 
 
Joelton
    26-Sep-2024 10:57  
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Sasseur REIT trustee-manager disposes of 3 mil units via married deal
The trustee-manager of Sasseur REIT has disposed of 3 million units via a married deal on Sept 25.
 
The units were sold for $1.98 million or 66 cents per unit.
 
Following the transaction, the trustee-manager has a 2.513% stake in the REIT, down from 2.753% previously.
 
The married deal has also lowered Xu Rongcan&rsquo s direct and deemed stake to 57.77%, down from 58.01% previously. Xu is the REIT&rsquo s non-executive and non-independent chairman.
 
 
teeth53
    26-Sep-2024 10:09  
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No Why!. Today Thursday, 26th/Sept. Players like to play up, is very normal reasonable for this stock to move, I hope like SASSEUR? REIT can move a bit more, of course to move up lehh then is good to play mah?.

Now trading up .680 or up 1.5%... LIKE THAT THEN GOOG To PLAY.. :)
 
 
teeth53
    23-Sep-2024 11:46  
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Why!. This day players like to play down a normal reasonable stock like SASSEUR? REIT?.

HB8289      ( Date: 20-Sep-2024 09:57) Posted:

going south 

 

 
HB8289
    20-Sep-2024 09:57  
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going south 
 
 
teeth53
    19-Sep-2024 17:37  
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The Edge Singapore):Sasseur REIT. 1HFY2024 DPU of 3.153 cents, Afternoon to all, today 19/09/2024. Trading is closed. Thursday, players closing more or less, done at prices at 17:06:16 sec. Done with a big X @$0.684 with vol @349,100 shares done, a good effect. Before that but after 5pm. Players Continue buying Up Between: 0.690 (45,000 shares) Vs 0.695 (5,900'shares)

Now total volume so far reach @2996,,000 shares done @0.695 +plus of $0.025 or plus 3.7%. (@0-695)@Ask) Good follow up from✓ ✓ ✓ @0.690.
 
 
marketuncle
    17-Sep-2024 09:14  
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Interesting, Sasseur partnered with Chan Bro to org a trip to Kunming, included one of the REIT' s malls. Too bad i not free to go.
" Sasseur Reit is partnering with Chan Brothers to present you a  [Kunming Outlet + 8 Day Yunnan Tour]. This is a year-end special tour catered for Sassuer Unitholders only. You may personally experience the outlet of Sasseur, and enjoy the leisure tour to Yunnan."

 
 
vicloo
    17-Sep-2024 07:27  
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Hope US rate cuts help this Reit

Joelton      ( Date: 09-Aug-2024 11:45) Posted:

Sasseur Reit H1 DPU falls 5.1% to S$0.03153
Distributable income declines 2.9% on the year to S$42.7 million
 
SASSEUR Real Estate Investment Trust (Sasseur Reit : CRPU -2.19%) posted a distribution per unit (DPU) of S$0.03153 for the first half ended Jun 30, down 5.1 per cent from S$0.03322 in the previous corresponding period.
 
Distributable income fell 2.9 per cent on the year to S$42.7 million for H1 2024, from S$43.9 million.
 
On Thursday (Aug 8), its manager attributed this decline to changes in the treatment of upfront borrowing costs and manager&rsquo s base fee component.
 
Upfront borrowing costs are not included in the Reit&rsquo s distributable income starting from H2 2023, said the manager. It also noted that the manager&rsquo s base fee in cash had changed to 20 per cent since January. Excluding the impact from these changes, DPU for H1 would have increased 1.7 per cent on the year to S$0.03378. The distribution will be paid out on Sep 26 after the record date of Sep 6.
 
Rental income under the Reit&rsquo s entrusted management agreement (EMA) model fell 0.4 per cent to S$62.3 million from S$62.6 million, excluding straight-line adjustments. The slight fall in rental income was mainly due to the weakening of the renminbi against the Singapore dollar, said the manager.
 
In yuan terms, the Reit&rsquo s EMA rental income grew 0.9 per cent on the year to 329 million yuan (S$60.8 million) from 326 million yuan.
 
Cecilia Tan, chief executive of Sasseur Asset Management, said that the Reit has achieved stable operational performance in the first half, despite tepid consumer sentiment in China.
 
The Reit&rsquo s portfolio average occupancy rate in the second quarter hit 97.8 per cent. Its Chongqing Liangjiang outlet mall continued to be fully occupied, while occupancy of its Hefei and Kunming outlet malls remained stable. This came amid the Reit&rsquo s efforts to optimise tenant mix at the outlets, strengthen retail and lifestyle offerings, as well as undertake asset enhancement works, said Tan.
 
In April, the Reit carried out an asset enhancement initiative at its Kunming outlet mall. The refurbishment is expected to be completed in August and involves about 15 per cent of the mall&rsquo s net lettable area.
 
The Reit&rsquo s weighted average lease expiry by net lettable area stood at 2.1 years as at Jun 30.
 
As at end-June, Sasseur Reit&rsquo s gearing stood at 25.3 per cent &ndash the lowest among the Singapore Reits, said the manager. Its interest coverage ratio stood at 4.5 times.
 
Finance costs for H1 were 13.8 per cent lower at S$12.5 million, as the weighted average cost of borrowings fell to 5.3 per cent, following the hedging of offshore loans interest rates and lower onshore interest rates.
 
The manager highlighted that about 87 per cent of the Reit&rsquo s total borrowings are hedged to fixed interest rates or pegged to stable/fixed interest rates, with a weighted average debt to maturity of 2.4 years as at Jun 30.
 
While more than half of the Reit&rsquo s total loans are denominated in yuan, the recent 10 basis point reduction of the five-year loan prime rate to 3.85 per cent per annum will help the mall owner to cushion its debt cost, said the manager.
 
Looking ahead, chairman of the Reit&rsquo s manager Vito Xu is positive on China&rsquo s economic outlook for the rest of the year. &ldquo Given the near-term challenges for China&rsquo s economy, the market expects the government to introduce more policies to further stimulate economic growth in the second half of the year to achieve its 2024 gross domestic product target,&rdquo he said.
 
In July, the Chinese government reiterated its goal to meet its 2024 GDP target of 5 per cent.
 
&ldquo We believe these structural trends will benefit Sasseur Reit, given its outlets&rsquo positioning as a one-stop destination for providing value-for-money bargains and lifestyle shopping experiences,&rdquo Xu added.

 
 
Joelton
    09-Aug-2024 11:45  
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Sasseur Reit H1 DPU falls 5.1% to S$0.03153
Distributable income declines 2.9% on the year to S$42.7 million
 
SASSEUR Real Estate Investment Trust (Sasseur Reit : CRPU -2.19%) posted a distribution per unit (DPU) of S$0.03153 for the first half ended Jun 30, down 5.1 per cent from S$0.03322 in the previous corresponding period.
 
Distributable income fell 2.9 per cent on the year to S$42.7 million for H1 2024, from S$43.9 million.
 
On Thursday (Aug 8), its manager attributed this decline to changes in the treatment of upfront borrowing costs and manager&rsquo s base fee component.
 
Upfront borrowing costs are not included in the Reit&rsquo s distributable income starting from H2 2023, said the manager. It also noted that the manager&rsquo s base fee in cash had changed to 20 per cent since January. Excluding the impact from these changes, DPU for H1 would have increased 1.7 per cent on the year to S$0.03378. The distribution will be paid out on Sep 26 after the record date of Sep 6.
 
Rental income under the Reit&rsquo s entrusted management agreement (EMA) model fell 0.4 per cent to S$62.3 million from S$62.6 million, excluding straight-line adjustments. The slight fall in rental income was mainly due to the weakening of the renminbi against the Singapore dollar, said the manager.
 
In yuan terms, the Reit&rsquo s EMA rental income grew 0.9 per cent on the year to 329 million yuan (S$60.8 million) from 326 million yuan.
 
Cecilia Tan, chief executive of Sasseur Asset Management, said that the Reit has achieved stable operational performance in the first half, despite tepid consumer sentiment in China.
 
The Reit&rsquo s portfolio average occupancy rate in the second quarter hit 97.8 per cent. Its Chongqing Liangjiang outlet mall continued to be fully occupied, while occupancy of its Hefei and Kunming outlet malls remained stable. This came amid the Reit&rsquo s efforts to optimise tenant mix at the outlets, strengthen retail and lifestyle offerings, as well as undertake asset enhancement works, said Tan.
 
In April, the Reit carried out an asset enhancement initiative at its Kunming outlet mall. The refurbishment is expected to be completed in August and involves about 15 per cent of the mall&rsquo s net lettable area.
 
The Reit&rsquo s weighted average lease expiry by net lettable area stood at 2.1 years as at Jun 30.
 
As at end-June, Sasseur Reit&rsquo s gearing stood at 25.3 per cent &ndash the lowest among the Singapore Reits, said the manager. Its interest coverage ratio stood at 4.5 times.
 
Finance costs for H1 were 13.8 per cent lower at S$12.5 million, as the weighted average cost of borrowings fell to 5.3 per cent, following the hedging of offshore loans interest rates and lower onshore interest rates.
 
The manager highlighted that about 87 per cent of the Reit&rsquo s total borrowings are hedged to fixed interest rates or pegged to stable/fixed interest rates, with a weighted average debt to maturity of 2.4 years as at Jun 30.
 
While more than half of the Reit&rsquo s total loans are denominated in yuan, the recent 10 basis point reduction of the five-year loan prime rate to 3.85 per cent per annum will help the mall owner to cushion its debt cost, said the manager.
 
Looking ahead, chairman of the Reit&rsquo s manager Vito Xu is positive on China&rsquo s economic outlook for the rest of the year. &ldquo Given the near-term challenges for China&rsquo s economy, the market expects the government to introduce more policies to further stimulate economic growth in the second half of the year to achieve its 2024 gross domestic product target,&rdquo he said.
 
In July, the Chinese government reiterated its goal to meet its 2024 GDP target of 5 per cent.
 
&ldquo We believe these structural trends will benefit Sasseur Reit, given its outlets&rsquo positioning as a one-stop destination for providing value-for-money bargains and lifestyle shopping experiences,&rdquo Xu added.
 

 
teeth53
    08-Aug-2024 18:23  
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https://www.theedgesingapore.com/capital/results/sasseur-reit-reports-1hfy2024-dpu-3153-cents-51-lower-y-o-y

teeth53      ( Date: 08-Aug-2024 18:21) Posted:

Sasseur REIT has reported a distribution per unit (DPU) of 3.153 cents for the 1HFY2024 ended June 30, 5.1% lower y-o-y.

Distributable income fell by 2.9% y-o-y to $42.7 million. In the 1HFY2024, the REIT manager retained $3.4 million, up from $2.9 million in the same period the year before.

teeth53      ( Date: 05-Jun-2024 10:03) Posted:

Sasseur REIT makes distribution to unitholders on a half-yearly basis. Sasseur REIT's distribution policy is to distribute at least 90% of its annual income available for distribution for each financial year. The actual level of distribution will be determined at the discretion of the Board of Directors of the REIT Mgr.

With effect from second half of 2020, Sasseur REIT has adopted half-yearly reporting of financial statements.

(So far they distribution in 1/4 over the past year, me is thinking this time lol, this time this month is June 2024, the last time they paid on March 2024 for last year 1023 dvd?


 
 
teeth53
    08-Aug-2024 18:21  
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Sasseur REIT has reported a distribution per unit (DPU) of 3.153 cents for the 1HFY2024 ended June 30, 5.1% lower y-o-y.

Distributable income fell by 2.9% y-o-y to $42.7 million. In the 1HFY2024, the REIT manager retained $3.4 million, up from $2.9 million in the same period the year before.

teeth53      ( Date: 05-Jun-2024 10:03) Posted:

Sasseur REIT makes distribution to unitholders on a half-yearly basis. Sasseur REIT's distribution policy is to distribute at least 90% of its annual income available for distribution for each financial year. The actual level of distribution will be determined at the discretion of the Board of Directors of the REIT Mgr.

With effect from second half of 2020, Sasseur REIT has adopted half-yearly reporting of financial statements.

(So far they distribution in 1/4 over the past year, me is thinking this time lol, this time this month is June 2024, the last time they paid on March 2024 for last year 1023 dvd?.

teeth1953      ( Date: 22-Feb-2024 19:43) Posted:

CNY Ang Pau for year 2024 for The First Outlet REIT Listed in Asia and hope more Reit go up...arhh.☆ 》 》 》

☆ 》 》 》 Sasseur REIT is a real estate investment trust (REIT) listed on the Mainboard of the Singapore Exch since 28 March 2018. It is the first outlet REIT listed in Asia☆ ☆ ☆


 
 
teeth53
    07-Aug-2024 17:17  
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Sasseur is just any nomal stock, it will be slipping by as it show it on the chart.

The surprised is today Wedesday. 7/7/2024. Why it also a no surprised.. .since me last post...that is why .....:( and also a this two days up abit...:) me is monitoring for xxx prices on XD....isit coming?.
 
 
teeth53
    25-Jul-2024 18:01  
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Sasseur is just any nomal stock, it will be slipping by as it show it on the chart. The surprised is why it also a no surprised.. .since me last post...that is why ...:( and also a ...:) me is monitoring f pl orli XD

teeth53      ( Date: 16-Jul-2024 23:54) Posted:

What a surprised. SASSEUR Reit, today Tuesday 16th July 2024. Closed up @0.685 for a gain of ✓ >1.5%.

 
 
Panda8
    17-Jul-2024 06:53  
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1.5% what is that to surprise?
 
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