罗国强Kenny
罗国强KennyCertificated Individuals
Tiger Certification: 新交所的REIT讲师,新加坡独立理财及投资顾问。
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avatar罗国强Kenny
2023-04-06
https://ttm.financial/m/live/1761831265590392
avatar罗国强Kenny
2023-03-09

Singapore REITs Mar-2023

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748.41 to 734.05 (1.91%) compared to last month’s update. After failing to break above the previous support turn resistance zone of 790-800 on February 3rd 2023, the S-REIT Index is currently retracing back and trading between the 730-744 zone for the past few weeks.Short-term direction: Sideways (trading between 730-744 zone)Medium-term direction: Sideways (50D SMA is sideways)Long-term direction Down (200D SMA is sloping down)Immediate Support at 730, followed by 714.Immediate Resistance at 744, followed by 790-800 zone.2 years FTSE REIT Index ChartPrevious chart on FTSE ST REIT index can be found in the last post: Singapore REIT Fundamental Comparison Table on February 11th, 2023.Fundamental Analysis of 38 Si
Singapore REITs Mar-2023
avatar罗国强Kenny
2023-02-14

Singapore REITs (Feb 2023)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 725.07 to 748.41 (3.22%)compared tolast month’s update. The S-REIT Index is currently retracing back to the resistance turned support level at about 740, after failing to break above the previous support turn resistance zone of 790-800.Short-term direction:Down (retracement is underway)Medium-term direction:Up (50D SMA is sloping upward)Long-term directionDown (200D SMA is sloping down)Immediate Support at740, followed by 712Immediate Resistance at790-800 zone.2 years FTSE REIT Index ChartPrevious chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon January 1st, 2023.Fundamental Analysis of 38 Singapore REITs
Singapore REITs (Feb 2023)
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2023-01-02

Singapore REITs (Jan 2023)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 723.18 to 725.07 (0.26%) compared tolast month’s update. The REIT Index has rebounded from the sell-off in September and October and since early November has been within the range of 714 and 742. It has been moving sideways for the past 2 months. This is a typical flag pattern after a strong move.Short-term direction:Sideways (20D SMA is moving sideways)Medium-term direction:Sideways (50D SMA is moving sideways)Long-term directionDown (200D SMA is sloping down)Immediate Support at 714Immediate Resistance at 742Fundamental Analysis of 38 Singapore REITsThe following is the compilation of 38 Singapore REITs with colour-coding of the Distribution Yield, Gea
Singapore REITs (Jan 2023)
avatar罗国强Kenny
2022-12-12

Singapore REIT Dec-2022 Update

Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 737.39 to 723.18 (-1.91%) compared tolast month’s update. The REIT Index is rebounding and trading in an upward parallel channel. The 20D SMA has just crossing up the 50D SMA indicate a short-term bullish up trend. Short-term direction:Up (Parallel Channel, 20D SMA is sloping up) Medium-term direction:Down (50D SMA is sloping down) Long-term directionDown (200D SMA is sloping down) Immediate Support at 720 (Parallel Channel, 20D SMA) Immediate Resistance at 747 2 years FTSE REIT Index ChartPrevious chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon November 13rd, 2022.Fundamental Analysis of 38 Singapo
Singapore REIT Dec-2022 Update
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2021-09-05

Singapore REIT Monthly Update (Sep 04 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 882.31 to 876.88 (-0.62%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 890. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 890. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon August 7, 2021.Fundamental Analysis of 38 Singapore REITsThe following is the compilation of 38 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. Note 2:
Singapore REIT Monthly Update (Sep 04 – 2021)
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2021-08-22

3 Dividend Traps that Make Investors Lose Money in their Retirement Portfolio

There is nothing wrong with investing in dividend stocks to generate passive income for yourretirement planning. However, it will cause a huge dent in your retirement portfolio if you are investing wrongly. The following are the 3 dividend traps that you have to avoid.Trap No 1: High Dividend Yield is LaggingEveryone wants to invest in shares which give high dividend yield. It is a no-brainer to choose Share A with a 10% dividend yield over Share B with a 4% dividend yield. However, investors need to be very careful when investing in shares with high dividend yield because ‘dividend yield’ is a lagging number. The high yield could be caused by a sharp drop in the current stock price due to weakening of the fundamentals or poor forward-earning guidance. Investing in such shares may ins
3 Dividend Traps that Make Investors Lose Money in their Retirement Portfolio
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2021-08-14

4 Pains of Investing in REITs, and How to Get Rid of Them

A real estate investment trust (“REIT”) is a popular asset class among income seeking investors due to its regular dividend payouts. However, there are pains unknown to most investors that are seldom shared by speakers in public seminars.Singapore's Garden By the BayThe following 4 pains are the common issues constantly faced by REITs investors throughout their whole REIT investing journey.Pain #1: Dealing with Rights IssuesREITs in Singapore have to distribute a minimum of 90% of the net income to enjoy the tax concession. As such, it is very common for a REIT to raise funds to acquire more properties or refinance the debt due to the limited cash on hand. When a REIT offers rights to existing unitholders, most of the time, the rights will be offered at a discount from the prevailing marke
4 Pains of Investing in REITs, and How to Get Rid of Them
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2021-08-07

Singapore REIT Monthly Update (Aug 07 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 868.08 to 882.31 (+1.64%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 890. As for now, Short term direction: Sideway and Up. Immediate Support at 816, followed by 775. Immediate Resistance at 890. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon July 4, 2021. Fundamental Analysis of 38 Singapore REITs The following is the compilation of 38 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: Eagle Hospitality Trust has been removed. Note 2: The Financial Ratio are
Singapore REIT Monthly Update (Aug 07 – 2021)
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2021-07-20

How have Hospitality REITs in Singapore been faring during COVID-19?

In Singapore, since the start of the COVID-19 pandemic, the Government has been using hotels and residences as quarantine and isolation facilities. This is to cushion the impact that COVID-19 has on the hospitality industry (which include Hospitality REITs). The small size of Singapore means that domestic tourism is almost non-existent. Occupancy rates have almost returned to pre COVID-19 levels since the end of Singapore’s partial lockdown back in Q2 2020 (also known as circuit breaker). This begs the question:Will Hospitality REITs post an uptick in distributions in Q2 2021, since occupancy has almost returned to pre-COVID levels due to increased Stay-Home Notices (SHNs), Quarantine Orders and staycations?No. This is due to RevPAR and Average Room Rate (ARR) decreasing significantly.The
How have Hospitality REITs in Singapore been faring during COVID-19?
avatar罗国强Kenny
2021-07-10

Small-and-Medium Market Cap S-REITs top gainers of 1H 2021

Halfway through the year, how has the S-REIT market performed in 1H 2021? Below is the table of the Top 10 gainers in S-REITs, sorted by order of ranking. This table is taken from theStocksCafe REIT screener.Top 10 YTD performers. Data taken from the StocksCafe REIT screener.Below are the charts of each of the Top 10 performers in the S-REIT market. The 10 S-REITs in this list gained an average of 23.09% YTD.Charts of the Top 10 YTD S-REIT performers. Data taken from ShareInvestor.Observations Small and Medium Market Cap REITs outperformed Big Market Cap REITs. With the exception of ParkwayLife REIT, 9 of the top 10 performing REITs have market capitalisations of $2.2B and below. The 10 S-REITs in this list gained an average of 23.09%YTD, while the 5 largest market cap REITs gained an
Small-and-Medium Market Cap S-REITs top gainers of 1H 2021
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2021-07-05

Singapore REIT Monthly Update (July 04 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS351020) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 849.11 to 868.08 (2.23%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 880. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 880. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon June 6, 2021. Fundamental Analysis of 39 Singapore REITs The following is the compilation of 39 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. Note
Singapore REIT Monthly Update (July 04 – 2021)
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2021-06-06

Singapore REIT Monthly Update (June 06 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 865.91 to 849.11 (-1.94%) compared to thelast month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon May 4, 2021.Fundamental Analysis of 39 Singapore REITsThe following is the compilation of 39 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: Soilbuild Business Space REIT (SV3U) has been delisted. Note 2: The Financial Ratio are
Singapore REIT Monthly Update (June 06 – 2021)
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2021-05-05

Singapore REIT Monthly Update (May 04 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS8670) At the point of writing, the chart of FSTAS8670 is not available on multiple charting platforms. However I am able to find another ticker (FSTRE2000) fromMarketWatch. Singapore REIT Index (FSTRE2000) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 859.68 to 865.91 (+0.72%) compared tolast month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post:Singapore REIT Fundamental Comparison Tableon April 5, 2021. Fundamental Analysis of 40 Singapore REITs The following is the compilatio
Singapore REIT Monthly Update (May 04 – 2021)
avatar罗国强Kenny
2021-04-15

5 Singapore REITs trading at their 5 years Price/NAV high

Despite the Covid-19 pandemic significantly impacting REIT prices, some REITs have rebounded to close to their 5 years Price/NAV high. In this article we will be discussing the 5 S-REITs trading at close to their 5 years high, in terms of Price/NAV, at the time of writing (14 April 2021).Do note that despite being at their 5 years high (in terms of Price/NAV) thisdoes not meanthat the REIT is overvalued. A REIT can be undervalued (<1 Price/NAV) but still be trading at an all-time high. All data is taken from theStocksCafe REIT screenerat the time of writing. 5 REITs at their 5 years Price/NAV high Below are the 5 REITs trading at their 5 years high.Top 5 S-REITs trading at their 5 years high in terms of Price/NAV. Data as of 14th April 2021. Eagle Hospitality Trust values not meaningful
5 Singapore REITs trading at their 5 years Price/NAV high
avatar罗国强Kenny
2021-04-09

Will Hospitality REITs take off? An overview of Hospitality REITs

Are Singapore Hospitality REITs a good buy today? The IATA expects that personal and leisure travel will return from 2nd half of 2021, as travel bubbles form and vaccination continues. In this article we’ll be covering the 5 Hospitality REITs in Singapore (excl Eagle Hospitality Trust) in greater detail, comparing their portfolio information, financial ratios, etc. The 5 REITs are namely ARA Hospitality Trust, Ascott Residence Trust, CDL Hospitality Trust, Far East Hospitality Trust and Frasers Hospitality Trust.REIT Portfolio OverviewARA Hospitality Trust has a 100% US portfolio consisting of 41 upscale hotels across 22 states, which consists of Hyatt-branded and Mariott-branded hotels. It has a total portfolio valuation of approximately US$700 million.The largest of the 5 REITs listed he
Will Hospitality REITs take off? An overview of Hospitality REITs
avatar罗国强Kenny
2021-04-05

Singapore REIT Monthly Update (Apr 05 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 826.65 to 859.68 (+3.99%) compared tolast month update. Currently the Singapore REIT index is still trading with a range between 816 and 874. As for now, Short term direction: Sideway. Immediate Support at 816, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post Singapore REIT Fundamental Comparison Tableon Mar 4, 2021. Fundamental Analysis of 40 Singapore REITs The following is the compilation of 40 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicators. Note 2: This REIT
Singapore REIT Monthly Update (Apr 05 – 2021)
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2021-03-04

Singapore REIT Monthly Update (Mar 04 – 2021)

Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 877.59 to 826.65 (-5.80%) compared tolast month update. Currently the Singapore REIT index is moving sideway after a false breakout at the resistance of 874. As for now, Short term direction: Sideway. Immediate Support at 825, followed by 775. Immediate Resistance at 874. Previous chart on FTSE ST REIT index can be found in the last post Singapore REIT Fundamental Comparison Tableon Jan 24, 2021. Fundamental Analysis of 40 Singapore REITs The following is the compilation of 40 Singapore REITs with colour coding of the Distribution Yield, Gearing Ratio and Price to NAV Ratio. Note 1: The Financial Ratio are based on past data and there are lagging indicato
Singapore REIT Monthly Update (Mar 04 – 2021)
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2020-09-23

Singapore REIT Monthly Market Update (Sep 2020)

Technical Analysis of FTSE ST REIT Index (FSTAS8670)TSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 835.40 to 854.51 (+2.28%) compared tolast month update. REIT Index has rebounded c45% as of Sep 21 from the bottom on Mar 23, 2020.Currently the REIT index is currently trading on sideway consolidation, sandwiched between a very tight range between 817 support and 854 resistance. There is a Bollinger Band Squeeze with very tight range and low volatility on FTSE ST REIT Index. The index can start big move in either direction.There is a Golden Cross of 20D SMA above 200D SMA and the REIT index has moved above all the 3 moving averages.As for now, Short term direction: Sideway and up (if REIT index can stay above all the 3 moving averages of 20D/50D/2
Singapore REIT Monthly Market Update (Sep 2020)

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