Latest Forum Topics / Mapletree Log Tr Last:1.47 -0.01 | Post Reply |
Something brewing with Mapletree Log ???
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Moneysense
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30-Mar-2010 19:58
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Another Areit wanna be? |
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Zelphon
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30-Mar-2010 19:48
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Yup..with the recent yield enhancing acquisition and BTS projects .. Can expect DPU to increasing soon... |
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Moneysense
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30-Mar-2010 19:39
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This fellow is trending up. Enjoy the ride. |
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Zelphon
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19-Mar-2010 12:29
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BB fighting 1 lot battle between 0.860 and 0.865... Who will WIN ??? Come.. Let's place your bet... |
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Zelphon
Senior |
12-Mar-2010 09:21
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Today opening at 0.845 with huge lot buy up.. Something is indeed brewing !!! Gap up so much today... |
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tch77_pt75
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30-Jan-2010 20:51
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:) My viewpoint is that the management should focus on how to increase their DPU( in cents ) and share prices. No point talking but no increase in the above mentioned. |
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Zelphon
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28-Jan-2010 16:05
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Ya... At least u can see some action to improve the yield.... Din see Suntec management did anything leh.. But Suntec did not issue rights call... so kudos to them... As for Maple, the acquisition will slowly increase DPU in coming quarters.. I continue to be vested in Maple because it is a much diversified industrial portfolio as compared to Cambridge and AIMs (Damn.. Change name liao... hard to write.. LOL) I believe there is better room to expand for Maple than the other REITS because of it's diversified portfolio all over the world... Cambridge portfolio is mainly in SG.. What if SG cannot make it...? LOL... Just my 2 cents worth.. But then.. my attention now is on SAIZEN REITS !! I shall just enjoy the dividends Maple gives for now... |
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tch77_pt75
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26-Jan-2010 15:35
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Hopefully there will be a day whereby Mapletree Logistics DPU in cents and share prices are able to match that of Suntec REIT, if not, it should be better A lot of aggressive actions by this counter and yet not able to match other REIT, i.e Suntec REIT. Strange..........Just my personal view.......Ponder it and take it with a pinch of salt |
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tch77_pt75
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22-Jan-2010 09:06
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DPU( of 6.02 cents ) for Year 2009 is lower when compared to Year 2008( DPU: 7.24 cents ) and 2007( DPU: 6.57 cents ). On the whole, DPU( in cents ) has been going down and shares price has also be diluted to a certain extent due to issuing of new shares. Just for information on my personal take on this counter. |
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tch77_pt75
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14-Jan-2010 08:58
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It seems like the future of this counter is quite bleak. The prospect don't look rosy after the crisis............... |
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tch77_pt75
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13-Jan-2010 13:28
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I guess this counter is getting more and more dull...............When markets are good, it cannot move up. When markets are bad, it starts moving down......... |
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tch77_pt75
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11-Jan-2010 16:42
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It drops back to $0.8 again. It lacks the "energy" to go further............!!!!!!! |
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Zelphon
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07-Jan-2010 17:18
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WOW !!! Rocket up 5 pips today.. Dividends yet to announce... More acquisition coming?? Going to rocket more ?!?! |
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tch77_pt75
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07-Jan-2010 13:24
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Good to hear that the DPU is increasing but what about the subsequent quarter? Hope to hear more about their short/long term goal such as what are the actions that they will do to further increase their DPU and share prices. All I know is that, they issue more shares to facilitate acquisition leading to dilution of shares and drop of share prices.........DPU in cents hardy reach the 10cents mark...........!!!!! |
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Zelphon
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01-Jan-2010 03:01
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YEAH .. MORE GOOD NEWS ... LEASE EXTENSION and Q4 DPU INCREASE BY 0.11 CENTS !!! ______________________________________________________________________________ ANNOUNCEMENT LEASE EXTENSION TO PRIMA LIMITED FOR PROPERTY AT 201 KEPPEL ROAD SINGAPORE Mapletree Logistics Trust Management Ltd., as manager (“Manager”) of Mapletree Logistics Trust (“MapletreeLog”), wishes to announce that, at the request of Prima Limited (“Prima”), the respective leases and licences for 201 Keppel Road Singapore (the “Property”) with Prima have been extended for 8 years from 1 May 2019 to 30 April 2027. The documentation was signed today and rental escalation rate during the extension period will be 5% per annum. In consideration for agreeing to this extension for 8 years, MapletreeLog will receive a onetime amount of S$2.5 million from Prima. After deducting related costs, this will increase MapletreeLog’s distribution for 4Q 2009 by about 0.11 cents per unit. The Manager also wishes to inform that the Audit Committee of the Manager has reviewed and approved the extension, since MapletreeLog’s sponsor Mapletree Investments Pte Ltd (“MIPL”) has similarly been requested by Prima to defer its right under the Mapletree (Prima) Call Option Agreement (as stated in the Prospectus dated 18 July 2005) for a period of 8 years and MIPL has agreed to the extension. Apart from this, there is no material change to the other terms of the Mapletree (Prima) Call Option Agreement. By Order of the Board Wan Kwong Weng Joint Company Secretary Mapletree Logistics Trust Management Ltd. (Company Registration No. 200500947N) As Manager of Mapletree Logistics Trust 31 December 2009 |
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Zelphon
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31-Dec-2009 11:47
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Finally it is moving again !!! Fund manager adjusting position.. Will it break $0.80 in year 2009??? |
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Zelphon
Senior |
30-Dec-2009 12:10
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Mapletree undergoing accumulation now and BB fighting in the price range of $0.75 ~ $0.76... Yesterday was small lots testing.. Today starting for big lots fight.. |
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Zelphon
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29-Dec-2009 14:30
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MAPLETREELOG ACQUIRES 9th PROPERTY IN JAPAN FOR S$68 MILLION Singapore, 28 December 2009 – Further to its announcement dated 9 November 2009 on the private placement of 115,000,000 new units to raise up to S$82 million to finance acquisitions in Singapore and Japan, Mapletree Logistics Trust Management Ltd. (“MLTM”), as Manager of Mapletree Logistics Trust (“MapletreeLog”), is pleased to announce that MapletreeLog, through its investment vehicle, has signed a conditional Sale & Purchase Agreement to acquire a warehouse in Japan for a total consideration of approx. S$68 million (JPY4.36 billion at JPY100:S$1.56). This is the “Acquisition 3” as defined in the aforementioned announcement of 9 November 2009. The property (“Property”) is located in Chiba, Japan and is leased to a major Japanese MNC. The property yield of the Property at 7.26% is higher than the implied property yield of the existing Japan portfolio of 4.5%. The acquisition will be accretive to MapletreeLog’s distribution per unit (“DPU”). The proforma financial effect of the acquisition on the annualised DPU (based on actual 9 months financial results for 2009) is an additional 0.103 Singapore cents or 1.75% |
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tch77_pt75
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23-Dec-2009 13:54
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This stock seems to be running out of steam and I wonder will it ever hit the $2 mark in year 2010!!!!!! |
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Zelphon
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09-Dec-2009 10:27
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Latest Analyst Report on Mapletree Logisctic Trust by OCBC Mapletree Logistics Trust: Virtuous decisions Protected... In our opinion, Mapletree Logistics Trust's manager has commendably protected and created value for existing investors through the crisis. Despite refinancing needs and relatively higher leverage, MLT did not raise funds at steep discounts to de-lever the REIT in FY09. Instead in Nov, MLT raised S$79.4m through a private placement at an issue price that was at a 6.1% discount to the last closing price. The proceeds and the consequent increased debt headroom were used to acquire three industrial properties in Singapore and Japan from third parties. …and created value. NPI (Net Property Income) yields on the two new Singapore properties were above 9%, higher than the current NPI yield of the current Singapore portfolio of roughly 6.5% and the distribution yield of 8.1% on annualized 9M09 DPU (at the time of acquisition). Additionally, the manager guided for a NPI yield of over 7% on the Japan property, significantly higher than the current NPI yield on MLT's Japan book of about 4.5%. Note that gearing is expected to stay relatively unchanged at roughly 38.5% after all transactions are completed. Expect negative revaluations. MLT, which was geared at 38.1% as at Sep 2009, is due for asset revaluations in 4Q09. We have a negative view on the industrial sector , and expect the tough industrial market to impact valuations. This view is supported by the implied yields achieved on the recent acquisitions and by the 11.1% asset value decline booked by MIREIT [NOT RATED] over the six months from Mar to Sep 2009. The recent acquisitions will help support net asset value somewhat, in our view. Manager commitment is attractive. We have used pre-crisis valuations as a sanity check on current pricing. MLT's FY10F yield of 7.8% outperforms 2006 levels but is fairly similar to the consensus 7.58% averaged in 2007. The current price-to-book value of 0.83x compares favorably to the 1.02x and 1.19x book averaged in 2006 and 2007 respectively. Note that with a 10% decline in asset values, the current price is valued at roughly 2006 levels. Valuations are attractive relative to peer Ascendas REIT [HOLD, FV: S$1.76], which trades at 1.2x book and 6.7% FY10F yield. With MLT prioritizing tenant retention over positive rent reversion, the outlook for organic DPU growth is limited. But if the manager can continue on a virtuous cycle of accretive acquisitions, a persuasive investment case emerges. Maintain BUY with S$0.78 fair value (14.6% total return). Key risk to our thesis is heightened regional economic risk, which could dampen investor sentiment towards diversified REITs. (Meenal Kumar) |
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