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Married deal: 38,667,900 mil share done @$0.600. Some BBs sell n some BBs buy?.
The lowest 0.525c on Wed. 19-03-2020. Now trading at 0 5850c.
No wonder up so strongly today.
Sasseur Reit' s China malls reopen to higher sales
Singapore
SASSEUR Real Estate Investment Trust' s (Sasseur Reit) manager on Tuesday reported " encouraging" first-day reopening sales at its outlet malls, which have reopened since they were shuttered amid the coronavirus outbreak.
The four malls in China took in sales totalling 11.5...
https://www.businesstimes.com.sg/companies-markets/sasseur-reits-china-malls-reopen-to-higher-sales
Sasseur Reit sees ' encouraging' reopening sales at China malls
Sasseur Real Estate Investment Trust (Sasseur Reit) has recorded " encouraging" first-day reopening sales at its Chinese outlet malls since they were shuttered amid the coronavirus outbreak.
The four malls brought in sales totalling 11.5 million yuan (S$2.3 million) on their respective reopening dates, a 129 per cent increase from the corresponding dates a year ago.
The Kunming property was reopened last Wednesday, followed by the Hefei outlet last Friday and the Chongqing and Bishan ones on Sunday.
While there will be an impact on the Reit' s sales performance for the first quarter due to the closures, its sponsor - Sasseur Cayman Holding - will ensure that the Reit continues to receive the fixed component of the resultant rent according to the entrustment management agreement.
The Reit will also receive the variable component of the resultant rent, which is pegged to actual sales, Mr Ang said.
The Sasseur group has also rolled out marketing and promotional events to celebrate the malls' reopening.
Sasseur Reit units closed down 1.6 per cent to 60 cents yesterday.
https://www.straitstimes.com/business/companies-markets/sasseur-reit-sees-encouraging-reopening-sales-at-china-malls
Very likely tenants will not renew their lease, which will be a BIG HIT to the reit.
SteadyInvest ( Date: 16-Mar-2020 11:53) Posted:
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You raise a very crucial point over the short leas8ng period.
We have to wait and see whether they are able to resume back their business as majority of china cities has toned down their aler5 level.
We have to wait and see whether they are able to resume back their business as majority of china cities has toned down their aler5 level.
Short lease strategy has now become a liability.
laksaman57 ( Date: 13-Mar-2020 20:27) Posted:
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Weighted Average Lease Expiry (WALE) by Property Income in YR2020 ..... 73.6%
ok, i see u have a very common sense.
teeth53 ( Date: 13-Mar-2020 16:47) Posted:
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No profit. No dividend...common sense. Think so.
SteadyInvest ( Date: 12-Mar-2020 18:45) Posted:
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From 12 Mar 2020, many of the cities have opening up liao. Of course, face mask, registration (just scan QR code in one' s HP) and temperature taking are still mandatory.
chengwh1 ( Date: 12-Mar-2020 21:36) Posted:
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Pays quarterly for now.
Sasseur uses EMA technique of rental income collection. T recalled,... 30% of the gross rental income is contributed by tenant performance. Hence, for that period of non-opening, this 30% will be affected. But I don' t think the standard rental payment for the premises would be affected.
As we speak, there are two more malls that remained closed. Kunmimg and hebel malls have re-opened by today.
Sasseur uses EMA technique of rental income collection. T recalled,... 30% of the gross rental income is contributed by tenant performance. Hence, for that period of non-opening, this 30% will be affected. But I don' t think the standard rental payment for the premises would be affected.
As we speak, there are two more malls that remained closed. Kunmimg and hebel malls have re-opened by today.
SteadyInvest ( Date: 12-Mar-2020 18:45) Posted:
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This counter is quarterly distrib or bi annual ?
This quarter Jan 20 to Mar 20 will be nil or very minimum.
However china has begin to recover from the pandemic, have to see when good time to enter
Investors still need to see results. And dpu payout amounts,....
Just stay calm. Instead watch for bottoming of price.
Just stay calm. Instead watch for bottoming of price.
patient168 ( Date: 10-Mar-2020 10:40) Posted:
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Heard from my chinese colleagues that although situation has improved, people are mostly just goimg to work and avoiding the malls
laksaman57 ( Date: 10-Mar-2020 18:01) Posted:
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COVID-19 would have negatively changed consumer pattern.
patient168 ( Date: 10-Mar-2020 10:40) Posted:
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Must be patient ... and also be ready for a weak 1H. Xi Jinping is going to visit Wuhan. China " jia you"
Their outlets are start opening, why the share price still going down?
Sasseur Reit Last:0.73 Vol:4932k -0.03