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Stuck at 1.36. Result and dividend in a few days time.
Mapletree trios gaining more traction today/
Has anyone explore the context of a potential merger?
Eyeing a cross above $1.40 soon
Top 3 Blue-Chip REITs to Watch for January 2026
https://thesmartinvestor.com.sg/top-3-blue-chip-reits-to-watch-for-january-2026/
Singapore REITs: The Race To Dominate Through Enlarged Scale
https://sginvestors.io/analysts/research/2025/11/singapore-reits-uob-kay-hian-research-2025-11-04
https://sginvestors.io/analysts/research/2025/11/singapore-reits-uob-kay-hian-research-2025-11-04
Trump is successfully eroding the Fed' s independence. Like a lot of things he does, this will end up having short term upside but long term downside, in this case higher long term interest rates and higher inflation as the US loses credibility in controlling inflation.
Fed Governor Waller backs December rate cut as support for weakening labor market
https://www.cnbc.com/2025/11/17/fed-governor-waller-backs-december-rate-cut-as-support-for-weakening-labor-market.html
Strategic Initiatives and Stable Financials Drive Buy Rating for Mapletree Logistics Trust Amid Revenue Decline
https://www.tipranks.com/news/ratings/strategic-initiatives-and-stable-financials-drive-buy-rating-for-mapletree-logistics-trust-amid-revenue-decline-ratings#google_vignette
Mapletree Logistics Trust&rsquo s China asset divestments could pick up as interest rates fall
MLT is targeting divestments of S$100 million to S$150 million across its portfolio in FY2026
[SINGAPORE] Mapletree Logistics Trust (MLT) : M44U +2.26% is seeing &ldquo slightly better&rdquo interest in its China assets, with its manager noting that lower borrowing costs are helping to accelerate its planned divestments in the market.
The logistics-focused real estate investment trust (Reit) had previously outlined plans to divest about S$1 billion worth of assets, of which about half would come from China and Hong Kong. The rest will be drawn from Malaysia, Singapore and, to a smaller extent, Australia, Japan and South Korea.
Providing an update on Wednesday (Oct 29) at its second-quarter financial results briefing, Jean Kam, chief executive officer of the manager, said the Reit is targeting divestments of between S$100 million and S$150 million across its portfolio for the current financial year.
Of this, MLT plans to divest about S$100 million of assets in China and Hong Kong. In FY2027, the trust aims to divest a further S$400 million.
&ldquo (Divestment activities) are starting to pick up, and we&rsquo re seeing more interest,&rdquo said Kam, responding to a question on the impact of falling interest rates.
&ldquo Particularly for our Greater China portfolio that we are looking to divest, we are seeing some enquiries coming in&hellip So, from that perspective, the China divestment process, compared to last year, is slightly better.&rdquo
She added that MLT is in talks with insurance companies and state-owned enterprises on potential transactions in China.
In Hong Kong, the trust is also seeking to divest its strata-title assets, although Kam cautioned that such deals may take time, as they involve negotiations with multiple individual owners.
Overall, MLT intends to sell its assets in China and Hong Kong at valuation rather than at a discount, with some proceeds potentially channelled into a renminbi fund that the trust is currently exploring as an exit option.
Selective acquisitions
On Tuesday, MLT declared a distribution per unit (DPU) of S$0.01815 for its second quarter ended Sep 30, down from S$0.02027 a year earlier.
Revenue fell 3.2 per cent year on year to S$177.5 million, from S$183.3 million, mainly due to currency depreciation and the absence of contributions from divested properties. This was partly offset by higher revenue from Singapore, Japan and Hong Kong, as well as contributions from Mapletree Joo Koon Logistics Hub.
Distributable income slipped 9.6 per cent to S$92.5 million, compared to S$102.3 million previously.
Despite lower global interest rates creating more acquisition opportunities, Kam said the manager remains &ldquo highly selective and disciplined&rdquo .
&ldquo We will be keen to increase our presence in emerging markets like India and Vietnam, as they still offer a faster growth trend and our assets under management is still very small in these two markets,&rdquo she said.
In Singapore, MLT is exploring asset enhancement initiatives and redeveloping older properties near its existing assets.
Kam added that the manager may consider converting some of its fees from units to cash once its operations start to stabilise and distribution income improves.
&ldquo It is something that remains in our mind, and we will do some conversion as and when our DPU is able to take it,&rdquo she said.
Macquarie upgrades Mapletree Logistics Trust stock rating to Outperform
https://www.investing.com/news/analyst-ratings/macquarie-upgrades-mapletree-logistics-trust-stock-rating-to-outperform-93CH-4315369
JPMorgan upgrades Mapletree Logistics Trust stock to Overweight on stabilizing operations
https://www.investing.com/news/analyst-ratings/jpmorgan-upgrades-mapletree-logistics-trust-stock-to-overweight-on-stabilizing-operations-93CH-4313094
https://tigr.link/s/50CeakB
The Federal Reserve is almost universally viewed as on track to cut interest rates next week, despite inflation running at a 3% annual rate in September - well above the Fed's 2% target.
What gives? How can the Fed be cutting rates when the rate of inflation hasn't been below the central bank's target since January 2021, over four-and-a-half years ago?
The Fed will announce its rate decision on Wednesday at 2 p.m. Eastern time. Fed Chair Jerome Powell will hold a press conference at 2:30 p.m.
Like anything with the Fed, the answer is a little complex, but can best be explained by breaking it into pieces.
Fed believes rates at current levels are holding down growth
The first point to remember, economists say, is that the Fed believes its current benchmark interest rate - at a range of 4% to 4.25% - is so high that it is actually slowing down the U.S. economy. Fed officials have debated how much it is slowing the economy, but they all agree on this basic fact.
With that in mind, when you then look at the central bank's forecasts, you see that there has been a shift in the Fed's thinking.
Powell and a majority of the 12 Fed officials who vote on interest rates are now more worried about the job market than they are about inflation.
Because the job market looks weak, the Fed doesn't want rates to keep slowing the economy - that's like putting rocks in the pocket of someone trying to swim in their clothes.
So the Fed wants to move rates somewhat lower to be able to support the labor market.
The labor market is now more worrying than high inflation
The big change to the economy this year has been President Donald Trump's decision to implement widespread tariffs, or taxes on imported goods.
For the Fed, this is known as a supply shock - something that causes a scarcity of goods that impacts the economy. Supply shocks, like tariffs or the 1970s oil embargo, raise prices and also slow economic growth.
The Fed has been watching these two conditions, and for much of the year, inflation seemed the bigger concern. There were consistent warnings from economists that the tariffs would cause inflation to surge. But, at least so far, inflation from tariffs has been relatively muted.
So, even though inflation was at 3% in September, it is better than Fed policymakers were worried about.
Fed officials now think that any increase from tariffs will be transitory and will fade, putting inflation on a downward path to 2%. While inflation might come in hotter than they expect, they believe that it won't last.
At the same time, the U.S. labor market is now much weaker than anyone at the central bank expected at the beginning of the year.
A series of revisions and surprises over the summer have shown that private-sector job growth has slowed to a crawl. The economy only averaged 29,000 net new jobs over the three months ending in August. This compared with three-month average job gains of 209,000 in the final three months of last year.
\"There has been a clear stalling out in employment gains,\" said Kathy Bostjancic, chief economist at Nationwide, in an interview. Uncertainty has caused businesses to slow hiring. And if businesses are not passing the costs of tariffs to consumers, they need to find ways to save costs - and that often leads to job cuts.
On Friday, General Motors $(GM)$ announced that it had laid off 200 salaried workers.
In the back of their minds, Fed officials are aware of past downturns, when small initial declines in job growth suddenly ballooned into a recession. There is also the \"Sahm rule,\" which shows that a deep economic downturn usually follows a half-percentage-point increase in the unemployment rate.
So many on the Fed want to move rates lower now as risk management to avoid that outcome.
\"It is less damaging to workers to correct a policy move that is too easy than to correct one that is too tight,\" explained James Glassman, a former economist with J.P. Morgan, in an email.
How does the government shutdown impact the Fed's calculus?
There haven't been any data since the federal government shut down on Oct. 1, but Powell said in a speech last week that data and discussions with business contacts show that these trends haven't changed.
\"Uncertainty about the economic outlook remains elevated. The FOMC is attentive to the risks to both sides of its dual mandate, and judges that downside risks to employment have risen,\" Powell said.
That comment was justification of an October rate cut, according to Matthew Luzzetti, chief U.S. economist at Deutsche Bank.
Will the Fed cut rates in December?
Nationwide's Bostjancic thinks the same logic behind an October cut will allow the Fed to cut rates again in December by 25 basis points. Most economists agree with her - but there are several analysts who think the Fed might pause.
\"With hints of stronger tariff pass-through into core goods prices, the September CPI data will give those FOMC members still focused on the upside risks to inflation solid ground on which to stand. As such, we'd argue that nothing at all is set in stone for an FOMC meeting as far off as December,\" said Richard Moody, chief economist at Regions Financial.
Traders in derivative markets see more than a 90% chance of an additional rate cut in December.
But economists say a lot depends on the data. It remains unknown how much government data the Fed will have at its disposal, with no end to the government shutdown in sight.
The Federal Reserve is almost universally viewed as on track to cut interest rates next week, despite inflation running at a 3% annual rate in September - well above the Fed's 2% target.
What gives? How can the Fed be cutting rates when the rate of inflation hasn't been below the central bank's target since January 2021, over four-and-a-half years ago?
The Fed will announce its rate decision on Wednesday at 2 p.m. Eastern time. Fed Chair Jerome Powell will hold a press conference at 2:30 p.m.
Like anything with the Fed, the answer is a little complex, but can best be explained by breaking it into pieces.
Fed believes rates at current levels are holding down growth
The first point to remember, economists say, is that the Fed believes its current benchmark interest rate - at a range of 4% to 4.25% - is so high that it is actually slowing down the U.S. economy. Fed officials have debated how much it is slowing the economy, but they all agree on this basic fact.
With that in mind, when you then look at the central bank's forecasts, you see that there has been a shift in the Fed's thinking.
Powell and a majority of the 12 Fed officials who vote on interest rates are now more worried about the job market than they are about inflation.
Because the job market looks weak, the Fed doesn't want rates to keep slowing the economy - that's like putting rocks in the pocket of someone trying to swim in their clothes.
So the Fed wants to move rates somewhat lower to be able to support the labor market.
The labor market is now more worrying than high inflation
The big change to the economy this year has been President Donald Trump's decision to implement widespread tariffs, or taxes on imported goods.
For the Fed, this is known as a supply shock - something that causes a scarcity of goods that impacts the economy. Supply shocks, like tariffs or the 1970s oil embargo, raise prices and also slow economic growth.
The Fed has been watching these two conditions, and for much of the year, inflation seemed the bigger concern. There were consistent warnings from economists that the tariffs would cause inflation to surge. But, at least so far, inflation from tariffs has been relatively muted.
So, even though inflation was at 3% in September, it is better than Fed policymakers were worried about.
Fed officials now think that any increase from tariffs will be transitory and will fade, putting inflation on a downward path to 2%. While inflation might come in hotter than they expect, they believe that it won't last.
At the same time, the U.S. labor market is now much weaker than anyone at the central bank expected at the beginning of the year.
A series of revisions and surprises over the summer have shown that private-sector job growth has slowed to a crawl. The economy only averaged 29,000 net new jobs over the three months ending in August. This compared with three-month average job gains of 209,000 in the final three months of last year.
\"There has been a clear stalling out in employment gains,\" said Kathy Bostjancic, chief economist at Nationwide, in an interview. Uncertainty has caused businesses to slow hiring. And if businesses are not passing the costs of tariffs to consumers, they need to find ways to save costs - and that often leads to job cuts.
On Friday, General Motors $(GM)$ announced that it had laid off 200 salaried workers.
In the back of their minds, Fed officials are aware of past downturns, when small initial declines in job growth suddenly ballooned into a recession. There is also the \"Sahm rule,\" which shows that a deep economic downturn usually follows a half-percentage-point increase in the unemployment rate.
So many on the Fed want to move rates lower now as risk management to avoid that outcome.
\"It is less damaging to workers to correct a policy move that is too easy than to correct one that is too tight,\" explained James Glassman, a former economist with J.P. Morgan, in an email.
How does the government shutdown impact the Fed's calculus?
There haven't been any data since the federal government shut down on Oct. 1, but Powell said in a speech last week that data and discussions with business contacts show that these trends haven't changed.
\"Uncertainty about the economic outlook remains elevated. The FOMC is attentive to the risks to both sides of its dual mandate, and judges that downside risks to employment have risen,\" Powell said.
That comment was justification of an October rate cut, according to Matthew Luzzetti, chief U.S. economist at Deutsche Bank.
Will the Fed cut rates in December?
Nationwide's Bostjancic thinks the same logic behind an October cut will allow the Fed to cut rates again in December by 25 basis points. Most economists agree with her - but there are several analysts who think the Fed might pause.
\"With hints of stronger tariff pass-through into core goods prices, the September CPI data will give those FOMC members still focused on the upside risks to inflation solid ground on which to stand. As such, we'd argue that nothing at all is set in stone for an FOMC meeting as far off as December,\" said Richard Moody, chief economist at Regions Financial.
Traders in derivative markets see more than a 90% chance of an additional rate cut in December.
But economists say a lot depends on the data. It remains unknown how much government data the Fed will have at its disposal, with no end to the government shutdown in sight.
Already moving out of its recent flat range to head higher.
Delvyss ( Date: 23-Oct-2025 10:03) Posted:
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Analysts Lift Mapletree Logistics Trust Price Target Following Improved Margins and Valuation Adjustments
https://simplywall.st/community/narratives/sg/real-estate/sgx-m44u/mapletree-logistics-trust-shares/z0t24j78-analysts-lift-mapletree-logistics-trust-price-target-following-improved-margins-and-valuation-adjustments
Fast Moving .... breaking 1.3 level
DYODD ex-dividend date coming July 30, 2025