opy started a poll
111 K

Rise Of REITs 

1H19 is pure madness for REITs. I am one of those that missed the boat. Though I am still holding counters such as $ESR-REIT(J91U.SI), $Frasers L&I Tr(BUOU.SI), $AIMSAMP Cap Reit(O5RU.SI), $First Reit(AW9U.SI) and $Mapletree Ind Tr(ME8U.SI). Wish I have not exited on $Ascendas Reit(A17U.SI), $Keppel DC Reit(AJBU.SI), and $CapitaR China Tr(AU8U.SI). Well, life goes on. 

They're flying like no tomorrow... A quick look shows my favorites have on average gone over 24% between 02 Jan and 05 July this year.

TA wise, most done their cycles. I see little upside in the short term. Only $ParkwayLife Reit(C2PU.SI), I saw a Bull Flag pointing at 3.3 next. That's another 10%. Imagine what will be the yield like? Crazy is the only word I have. 

I downloaded a list of 747 counters in SG. Noted some data field are empty. And I am unsure how they calculated the yield e.g. TTM or based on 2018 exclude special etc. Yield for counters less than 12 months likely included only actual dividend to date.

Started playing with the data available. Filtered off counters less than 300m in Market Cap, less than 3% Yield, with negative Net Profit/ROE, and D/E more than 200%. With few exceptions here and there. 

Searching for REITs over 6% yield but found very few options. Of the SGD counters, I have First and ESR. Not really keen to add any of these at current price level.


Next for REITs with 4-6% yield, I noticed my favorites are quickly going down the list. Ascendas at 4.32, $Mapletree Log T(M44U.SI) at 4.36, and Mapletree Ind 4.41. My choices are very limited again. Eyeing on Frasers L&T and may be $Frasers Com Tr(ND8U.SI)


Looking further down to REITs below 4%. I can see my hope fading away... Keppel DC, $CapitaMall Trust(C38U.SI), $Mapletree Com Tr(N2IU.SI), $Frasers Cpt Tr(J69U.SI), and ParkwayLife. Btw, I think $Sasseur Reit(CRPU.SI) will move up the list when full year dividend is available. 


It is not very encouraging when I am trying to build my portfolio around solid high yield counters. 

I turned to non REITs counters. Found few interesting ones with over 4% yield now like $DBS(D05.SI), $Frasers Property(TQ5.SI), $SingTel(Z74.SI), and $VICOM(V01.SI) among others.


More choices if I am willing to go below 4% yield. Counters such as $ComfortDelGro(C52.SI), $OCBC Bank(O39.SI), $UOB(U11.SI), $Jardine C&C(C07.SI), $SIA(C6L.SI), and $Sheng Siong(OV8.SI)


Many questions in my head. Should I:

- Start to accumulate anyway? 
- Wait for the long waited mega crash? 
- Buy other solid Blues with similar yield while continue to wait? 
- Trade for now while waiting for solid REITs to return? 
- Sit back relax eat popcorn watch show first? 

The biggest challenge and most interesting part of investment to me is - there is no one approach that fits all. I will have to continue explore and figure it out. What works best for my situation.

A long story on what's in my head trying to figure things out for myself. A mediocre as I am, my investment journey continues and as my snail-slow learning.

Do share your wisdoms generously, how you do your thinking? 

Readers and contributors to this post, wish you a very Huat 2H19. Cheers. 

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1. Start to accumulate anyway
17 votes
2. Wait for the long waited mega crash
16 votes
3. Buy other solid Blues with similar yield while continue to wait
50 votes
4. Trade for now while waiting for solid REITs to return
6 votes
5. Sit back relax eat popcorn watch show first
57 votes
146 votes
15 days left to vote
56 likes
240 comments
Martin_Seah

Reits performance today

Martin_Seah

Reply to @gagnant76 : case by case basis. there will be the ones that will rebound from support

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Martin_Seah

Institutions took big profit from REITS

leewe

Reply to @Martin_Seah : Just keep the party going then.

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GrandpaLemon

Totally not related to stocks, in case you are waiting for Reits GSS sale (keep waiting), Amazon Prime Day is happening these 2 days, fyi 😁
https://www.businessinsider.sg/amazon-prim...

opy

Reply to @GrandpaLemon : your “keep waiting” made me 打冷顫 🥶

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Sporeshare

Reits has started to correct , more to come !

bacon

Reply to @Sporeshare : just asking. cuz its really funny when i see you saying the same thing over and over again. lol

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ramenking

Anybody pick up flt?

opy

Reply to @ramenking : not yet but eyeing closely

opy

got time see see look look come chit chat

https://www.investingnote.com/posts/1521567

gemini66

Most impt is to increase your earning power. Investing not going to make you rich. Invest with excess cash, slowly build up, long term will be fine.

hmwong

Hi Opy, you may want to check your data source. I check the company website for Ascendas and Sasseur. Their yields should be about 5.1% and 6.5% respectively. Your numbers are quite off. There is still hope for good yield :))

sgtradinganalyst

Correction coming for REITs, I’m selling before results.

opy

Reply to @sgtradinganalyst : thank u sir, been waiting ... come sooner pls

Martin_Seah

my Ascendas chart to share. Possible high side of about 330 and the next support about 288.
Just sharing, please DYODD. Thanks
$Ascendas Reit(A17U.SI)

Martin_Seah

Reply to @Apocalypse85 : LFO says that there is a support at 303

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View More Comments (40)

Recommended & Related Posts

opy
9.67 K

Weekend Chart Update

- 2019 July 13
REITs edition - earnings near, I prefer to enter after results and likely after xD. Meantime, charts...

Also exited $AMAT (+7.7%), $MU (+13.7%), $BHC (+7%), and $TLRY (-7.4%). No time to manage and getting uncomfortable with markets.

Wish all have a great weekend, spend quality time with family. Be healthy, and be happy with what you do. Cheers.

Btw, my wish for price levels ;-) 



Notes: Blue - trend lines; Green - possible upside, resistance; Red - possible support.

REITS

$AIMSAMP Cap Reit(O5RU.SI) - at resistance now. hard to imagine beyond 1.53.


$Ascendas Reit(A17U.SI) - a giant monster. breached the peak in 2007 siah. looks like buying continues.


$CapitaMall Trust(C38U.SI) - nearly vertical, surely can't go on much further.


$CapitaR China Tr(AU8U.SI) - more upside possible but she needs to break that over 6-years old Blue resistance.


$ESR-REIT(J91U.SI) - holding well, making way back. Thick Black a challenge.


$First Reit(AW9U.SI) - she conquered 1.05 and continue recovery. takes time but looks promising.


$Frasers Cpt Tr(J69U.SI) - till she meets Thick Black again... 



$Frasers Com Tr(ND8U.SI) - she's looking for support, i wish for 1.5.


$Frasers L&I Tr(BUOU.SI) - looking to add around 1.18, 1.1.


$Keppel DC Reit(AJBU.SI) - i don't believe my eyes... still waiting for her return.


$Mapletree Com Tr(N2IU.SI) - she went far too far.


$Mapletree Ind Tr(ME8U.SI) - mid term cycle nearly complete, 2.38 as far as i can see. don't think she can do a "Best World".


$Mapletree Log Tr(M44U.SI) - possible for few more cents. like other Maples, mid term cycle should near completion.



$Mapletree NAC Tr(RW0U.SI) - she's got bigger waves than her 3 other sisters. but with similar cycles. mid term completed.


$Sasseur Reit(CRPU.SI) - looks like there is an invisible ceiling at 80, can you see? divvy the driver behind the recent volume?


$ParkwayLife Reit(C2PU.SI) - she got legs for 3.25 siah...



Read more
opy
73 K

Weekend Chart Update

- 2019 June 30

Well, now that the 2 kids started talking again I guess we should see some chionging in tech, finance stocks. REITs chionged like there is no tomorrow should take a break now.

Drop by share your view.

Have a great week ahead, cheers!


SG Stocks
$AEM(AWX.SI) - she went back above that blue line, great... now let's watch that red closely.


$Hi-P(H17.SI) - she's still looking great, should give a good swing.


$Sunningdale Tech(BHQ.SI) - she recovered above 1.25 testing thick black.


$UMS(558.SI) - she did 665 but can't break it, will she try again?


$Valuetronics(BN2.SI) - she did well breaking that thick black.


$Venture(V03.SI) - a good 3 dollars swing in short 2 weeks, should see more now that the 2 are talking again.


$AIMSAMP Cap Reit(O5RU.SI) - a clear breakout finally, should see 1.5 next. 


$Ascendas Reit(A17U.SI) - she is flying again. like there is no tomorrow. Heading to 3.23 but surely she will need a break?


$Ascott Reit(A68U.SI) - almost vertical. time for a break before 1.35. golden time for REITs indeed.


$ESR-REIT(J91U.SI) - false breakout, now relying on thick black. hope is in the air.


$First Reit(AW9U.SI) - continue recovering well. 1.05 will be tough test.


$Frasers L&I Tr(BUOU.SI) - back tested 1.18, volume arrives. time to fly. 1.35, dare to dream.


$Keppel DC Reit(AJBU.SI) - one monster. but she has completed her mission. don't think she will further north before a good break.


$Mapletree Ind Tr(ME8U.SI) - broke 2.18 at ease. 2.32 next but hope pull back around 2.15 first please.


$APAC Realty(CLN.SI) - short term bounce done, next 60.


$Chip Eng Seng(C29.SI) - 1 line up as expected, now thick black then next red line.


$Frasers Property(TQ5.SI) - yes, green lines my targets.


$PropNex(OYY.SI) - finally, thick black appears.


$DBS(D05.SI) - 22ish never come, closer to 27ish now.


$Genting Sing(G13.SI) - i see a double bottom and inverted H&S. as real as it gets. got chance for 1.1.


$Keppel Corp(BN4.SI) - short term cycle completed. still looking good but might pull back a bit first.


$Japfa(UD2.SI) - jap fans, your chance is here. remember to run if closed below that blue. else, sky is the limit?


$HRnetGroup(CHZ.SI) - there is enough to be made IF she don't break that bottom red.


MY Stocks
$GENM(4715.MY) - looking great to me, thick black next.


$MAYBANK(1155.MY) - approching last line of defense.


$SCIENTX(4731.MY) - boxed her for now, see where she's heading.


US Stocks

 $AMAT - reaching interesting point, quick gap to close.



 $CTL - base found, recovering takes time but started.



 $ENDP - attempting to form base? hmm.



 $MU - time for a quick break.



 $BHC - 3 to 6 dollars swing trade, anyone?


 $TLRY - based formed, finding her way back.



Read more
opy
10.2 K

2Q19 Quick Look

I did lesser compared to 1Q as anticipated. Likely continue do lesser in 3Q too. Overall +/- around the same other than US Trades. Getting from bad to worse. Another quarter to add to my "shame list". Well, life goes on...


Trading Fund
SG -35.2% (1Q: -31.4%)
US -27.4% (1Q: -20.5%)
MY +4.9% (1Q: +4.2%) 

Sold...
$ENDP -3.3% 

Bought...
$TLRY avrg 47 (hopeful)
$MU avrg 38.7 (confident)
$AMAT avrg 42.6 (also confident)
$CTL avrg 12.5 (stubbornness)
$ENDP avrg 5.88 (stupidity)
$BHC avrg 22.18 (bit clever)
$First Reit(AW9U.SI) avrg 0.995 (divvy)
$Genting Sing(G13.SI) avrg 0.885 (surely)
$HRnetGroup(CHZ.SI) avrg 0.7 (well...)


Long term Investment bucket too very quiet. Exited Ascott and KDC, now feel silly...

Investment Fund
SRS +2.9% (1Q: +2.8%)
CPF +3.3% (1Q: +2.7%)

Sold...
$Ascott Reit(A68U.SI) +1.3% (sigh)
$Keppel DC Reit(AJBU.SI) +14.8% (sad)

Bought...
nil


2H19 should be interesting. Gathering fund for actions. Let's see what 3Q, 4Q brings.


Again, wish all IN friends do well in your trading and investment. Cheers.

Read more
opy
48.8 K

Weekend Chart Update 

- 2019 June 08 

No time to trade so just chart for fun. Generally, every Tom, Dick and Reits are doing well. Hee... I mean, almost all Reits are doing well. I took profit on Ascott and KDC. Both gave me big slaps on my face. Now ESR, Mint tempting me. Even Aims moving north slowly. Only First, she should change her name to Last.

Again, waiting patiently. Meantime, continue to gather fund for right stocks. Do drop by and share your ideas. Cheers.

SG Stocks
$AEM(AWX.SI) - broke layers of supports even the long term ones. not looking good. hope she can crawl back above that blue line.



$Hi-P(H17.SI) - didn't catch her at 1.1. she's looking promising right now.



$Sunningdale Tech(BHQ.SI) - 1.25 looks the value zone, volume dried.



$UMS(558.SI) - i see short term rebound towards 665. 725 if you're optimist. south i see strong 540, breaking no eye see.



$Valuetronics(BN2.SI) - found her base around 60. accumulating for north journey.



$Venture(V03.SI) - sufficient room for short term trades?



$AIMSAMP Cap Reit(O5RU.SI) - broke above so slowly. slowly towards 1.49?



$Ascendas Reit(A17U.SI) - still weak... first break that amber. then give me my green line please.



$Ascott Reit(A68U.SI) - totally didn't see this coming, a strong breakout and with volume, wow.



$ESR-REIT(J91U.SI) - challenging that red line again, but i do not like sabana...



$First Reit(AW9U.SI) - still waiting, patiently...



$Frasers L&I Tr(BUOU.SI) - here she goes again, reits...



$Keppel DC Reit(AJBU.SI) - she's definitely not a reit. weekly shooting, i kinda hope she returns...



$Mapletree Ind Tr(ME8U.SI) - next target 2.18 but overall she can cover more ground in north.



$APAC Realty(CLN.SI) - mini double bottom, short term rebound in progress.



$Chip Eng Seng(C29.SI) - base formed, looking for short rebound.



$Frasers Property(TQ5.SI) - another decision points soon, let's see.



$PropNex(OYY.SI) - still not seeing much, hopefully higher low.



$DBS(D05.SI) - still waiting for 22ish.



$Genting Sing(G13.SI) - love to see her bounce off that longer term blue support line.



$Keppel Corp(BN4.SI) - pretty good level to monitor for long.



MY Stocks
$GENM(4715.MY) - short term base formed, building up for north journey.



$MAYBANK(1155.MY) - drops more each xD, but still not reach my average down point.



$SCIENTX(4731.MY) - lower highs lower lows.



US Stocks
 $AMAT - holding better than what i expected, might follow markets up.



 $CTL - long winter continues. such price level in history trace back to 1997. mid term down cycle looks complete. takes time to see if she recovers.



 $ENDP - took her 15 years from 5 to 90+, took her 4 years from 90+ to below 5. gravity. still hope for less painful exit perhaps between pink and purple.



 $MU - might add to this if time allows.



 $DIS - she managed to build a base out of nothing. but that gap below is too big to ignore. chance is there to be watched. breaking 140 another possibility but she shows weakness.



 $TSLA - blue and pink shall provide strong guides.


Read more
opy
91.1 K

Weekend Chart Update
- 2019 May 20

Finally managed to squeeze out sometime for charts. Power of Trump can never be ignored. So are power of SG REITs.

Sharing what I see, not a buy/sell call. Best of luck to all. Cheers.


SG Stocks
$AEM(AWX.SI) - thick black better hold. else another long winter awaits. 985 pretty crucial.

$Hi-P(H17.SI) - meet around 1.1. then see how she uses thick black.

$Sunningdale Tech(BHQ.SI) - south as i expected, now near critical support. keen eyes should get hands ready.

$UMS(558.SI) - broke thick black. not looking good though at decent support currently. unlikely to hold long. i will be very keen around 55.

$Valuetronics(BN2.SI) - broken, badly. at last line of defense.

$Venture(V03.SI) - double top meltdown sia... hope bottom blue holds.

$AIMSAMP Cap Reit(O5RU.SI) - slow. but on right track.

$Ascendas Reit(A17U.SI) - indicator seems pointing further south but she is rather strong. the two red line should do the trick for bounce.

$Ascott Reit(A68U.SI) - i think it is about time she turn south. but i am looking at other reits now.

$ESR-REIT(J91U.SI) - hold well surprisingly. please go break that red line.

$First Reit(AW9U.SI) - she sould test thick black, soon...

$Frasers L&I Tr(BUOU.SI) - not sure if she can make it above 118. i feel she's getting weaker.

$Keppel DC Reit(AJBU.SI) - she made my fingers damn itchy...

$Mapletree Ind Tr(ME8U.SI) - i am happy either direction but she looks to continue north. 

$APAC Realty(CLN.SI) - ouch.

$Chip Eng Seng(C29.SI) - gone, more waiting.

$Frasers Property(TQ5.SI) - bull flag?  

$PropNex(OYY.SI) - let me know if you see anything. 

$DBS(D05.SI) - cut a bit too deep now, i can only hope for thick black bounce.


MY Stocks
$GENM(4715.MY) - she looks found her short term base. mini double bottom bounce?

$MAYBANK(1155.MY) - continues her long and boring journey.

$SCIENTX(4731.MY) - running out of reasons to not let her go.


US Stocks
 $AMAT - expected her to break thick black she bounced.

 $CTL - just take a look at her if you not seen a long winter.

 $ENDP - i didn't exit when i must. now into long winter and may not see another daylight.


 $MU - she's not fine at all, another meltdown. this one made by trump.


 $DIS - power of DIS+ but surely she needs to find support soon.

 $TSLA - i am sorry to see her melting but i can't see other ways.


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