Money & Me: Optimism for S-REIT’s given earnings signals and mapping the possibilities for shareholders in the Mapletree merger

21 February 2022

Money and Me: Optimism for S-REIT’s given earnings signals and mapping the possibilities for shareholders in the Mapletree merger

A conversation between Michelle Martin and Kenny Loh, REIT Specialist and Independent Financial Advisor that takes a look at the S-REITs earnings season — big and not-so-big winners — and what MCT shareholders can expect from the Mapletree merger to MNACT.

Timestamps

0:00 Intro

1:23 S-REITs Earnings Season: more than 50% of reported REITs reported an increase in DPU and NAV

2:11 The Impact of Interest Rate Hikes on S-REITs: Sell-off reaction is overblown, S-REITs are currently rebounding strongly

3:50 With Singapore reopening borders, will Hospitality and Retail Sectors deliver positive results?

5:16 Outlook on Industrial and Logistics REITs, restructuring to New Economy REITs

5:56 MCT and MNACT Merger: Are the terms fair to MCT and MNACT unitholders? Why I think the deal is beneficial to both MCT and MNACT unitholders alike.

8:55 Unitholders options regarding the MCT and MNACT Merger

MCT and MNACT Merger

With a scheme consideration of $1.1949 per MNACT unit, and the current NAV/unit of $1.225, this would give a P/NAV offering of 0.975, which is close to the high in July 2019. Charts can be found on the StocksCafe REIT Screener.

MNACT Price/NAV Chart, past 5 years.
 
MNACT NAV/Unit Chart, past 5 years. NAV has been on a downtrend since Q1 2019 at $1.44, most recent NAV/Unit (Q4 2021) is $1.225.
   

REIT Course

Conducted by SGX Academy, I have recently launched a REIT course “Building a Diversified REIT Portfolio” happening on the 5th and 12 March 2022. 

Course Syllabus:

  • Introduction to REITs (what is a REIT, its business model, REITs vs Physical Properties etc.)
  • The REIT Market and Macro Environment
  • REIT Sectors and Geographical Distributions of properties
  • Terminology and the various Financial and Fundamental Ratios of REITs
  • Impact of COVID-19 on S-REITs (new!)
  • SGX New Initiatives (ESG, Transparency Index)
  • Where to obtain REIT-related Information
  • How to select REITs for your Investment Portfolio
  • Technical Analysis techniques to time your entry (and exit) in/out of the market
  • Tools and Techniques to increase your returns on REITs
  • How to build a Diversified REIT Portfolio
  • Hands-on Case Studies

Read more by clicking on the links below. Limited Seats! Registration Closes 28th February 2022.

 
Course Prospectus (PDF)
Register Here (SGX Academy Page)
 

Listen to his previous market outlook interviews here:

2021

2020

Kenny Loh is a Senior Financial Advisory Manager and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Symposium and Invest Fair.  You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement
 
You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement

Leave a Reply