CityDev    Last:8.24    -0.12

Times to pick cheap durian

It is quite difficult to assess how much of that has already been priced in as most of the quality s-reits had re-rated recently despite dpu declines. The delta will be how much more the market expects and at what pace as Sep rate cut was almost a given. Seeing media reporting a varied range being forecasted by analysts and economists from 2 x 25bps to as much as 100bps cut by year end! 

luckyguy3      ( Date: 24-Aug-2024 10:16) Posted: CDL Children CDL Htrust will also shoot up liao.. http://sbr.com.sg/commercial-property/in-focus/which-reits-will-benefit-most-rate-cuts   Which REITs will benefit most from rate cuts? Experts expect two 25bps cuts in 2024. Extract: &ldquo The protracted rate cuts will have an immediate impact on floating rates for REITs, with a more pronounced effect on those that had more than 20% of their loans left unhedged,&rdquo DBS experts said. Among S-REITs, DBS identified CDL Hospitality Trusts (CDLHT) and Far East Hospitality Trust (FEHT) as the likely top beneficiaries of the rate reduction, alongside Suntec REIT (SUN), OUE Commercial REIT (OUECT), and Lendlease Global Commercial REIT (LREIT), which have only 50-60% of their loan books hedged to fixed rates.    ruanlai      ( Date: 24-Aug-2024 08:00) Posted: Confirmed rate cute by Powell from FR in September, Monday no more cheap durians to pick Liao. Properties section all will gap up, esp CDL (leader) will jump high up for the opening. Huat to those royal die hard supporters, congrats! dyodd

 

CDL Children CDL Htrust will also shoot up liao..
http://sbr.com.sg/commercial-property/in-focus/which-reits-will-benefit-most-rate-cuts
 

Which REITs will benefit most from rate cuts?

Extract:
&ldquo The protracted rate cuts will have an immediate impact on floating rates for REITs, with a more pronounced effect on those that had more than 20% of their loans left unhedged,&rdquo DBS experts said.

Among S-REITs, DBS identified CDL Hospitality Trusts (CDLHT) and Far East Hospitality Trust (FEHT) as the likely top beneficiaries of the rate reduction, alongside Suntec REIT (SUN), OUE Commercial REIT (OUECT), and Lendlease Global Commercial REIT (LREIT), which have only 50-60% of their loan books hedged to fixed rates. 
 

ruanlai      ( Date: 24-Aug-2024 08:00) Posted: Confirmed rate cute by Powell from FR in September, Monday no more cheap durians to pick Liao. Properties section all will gap up, esp CDL (leader) will jump high up for the opening. Huat to those royal die hard supporters, congrats! dyodd

 

The market environment is also different though, cost of debt few years back and today is different. From the latest earnings, seems like they are also cutting their deleveraging expectations for this year given the tough market to recycle some of their assets. Agree that this is a good solid blue chip company but lets see where market prices this in view of the confirmation of rate cut by Fed last night

MrBear12      ( Date: 24-Aug-2024 08:11) Posted: Still comparatively cheap compared to last few years.

 

Still comparatively cheap compared to last few years.

 

Confirmed rate cute by Powell from FR in September, Monday no more cheap durians to pick Liao.

Properties section all will gap up, esp CDL (leader) will jump high up for the opening.

Huat to those royal die hard supporters, congrats!

dyodd

 

Wow! Today still can pick cheap durians.

Huat liao if buy cheap and low proces.

DYODD

 

China pumped trillion rmb into property mkt and rate cuts lifted this durian up up all the way.

Back to $5.50 soon and $6 is coming

Dyodd

 

BOE cuts rate will benefit Properties section.

CDL will be beneficial for the cute.

Dyodd

https://www.theedgesingapore.com/news/uk/uk-property-buyers-return-market-after-boe-rate-cut