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RandyRoar

RandyRoar

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2023-03-16

//@RandyRoar:Thanks

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2023-02-15

Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.

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2023-01-29

Thanks

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href=\"https://ttm.financial/U/4110778337738362\">@RandyRoar</a>:Thanks","listText":"//<a href=\"https://ttm.financial/U/4110778337738362\">@RandyRoar</a>:Thanks","text":"//@RandyRoar:Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943067817","repostId":"1197324764","repostType":4,"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954247072,"gmtCreate":1676430255997,"gmtModify":1676430377080,"author":{"id":"4110778337738362","authorId":"4110778337738362","name":"RandyRoar","avatar":"https://community-static.tradeup.com/news/f131bdffaa9e04910ad97d6d8ebc1ea8","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.&nbsp;","listText":"Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.&nbsp;","text":"Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954247072","repostId":"1100424494","repostType":2,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952730106,"gmtCreate":1674954717005,"gmtModify":1676538967522,"author":{"id":"4110778337738362","authorId":"4110778337738362","name":"RandyRoar","avatar":"https://community-static.tradeup.com/news/f131bdffaa9e04910ad97d6d8ebc1ea8","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952730106","repostId":"1197324764","repostType":4,"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9954247072,"gmtCreate":1676430255997,"gmtModify":1676430377080,"author":{"id":"4110778337738362","authorId":"4110778337738362","name":"RandyRoar","avatar":"https://community-static.tradeup.com/news/f131bdffaa9e04910ad97d6d8ebc1ea8","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.&nbsp;","listText":"Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.&nbsp;","text":"Not so much on healthcare since medifunds etc are meant for restructured/govt hospitals. I don't seethe relevance in this sector though.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954247072","repostId":"1100424494","repostType":2,"repost":{"id":"1100424494","pubTimestamp":1676427208,"share":"https://www.laohu8.com/m/news/1100424494?lang=&edition=full","pubTime":"2023-02-15 10:13","market":"sg","language":"en","title":"Here Are the Winners and Losers From Singapore’s Budget","url":"https://stock-news.laohu8.com/highlight/detail?id=1100424494","media":"Bloomberg","summary":"Increase in handouts is positive for consumer stocks: AletheiaHigher taxes may weigh on property and","content":"<html><head></head><body><ul><li>Increase in handouts is positive for consumer stocks: Aletheia</li><li>Higher taxes may weigh on property and multinational firms</li></ul><p>Singapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to consumers, while the property sector and multinational corporations may suffer as a result of higher taxation.</p><p>In his speech on Tuesday, Deputy Prime Minister Lawrence Wong said the government will increase handouts to citizens to help offset the increase in goods and services tax and rising living costs. On the other hand, he raised taxes on higher-value property, multinational corporations, and luxury cars. Nonetheless, the benchmark Straits Times Index closed little changed on the day.</p><p>“Addressing the cost of living is a major positive for local consumption as inflation is running high,” said Nirgunan Tiruchelvam, an analyst at Aletheia Capital Ltd. “The increase in handouts and the focus on creating job opportunities will aid stocks tied to consumers.”</p><p>The S$104-billion ($78.4-billion) spending plan is intended to push residents closer to a post-Covid reality while easing near-term cost-of-living pressures.</p><p>Here are details of what analysts see as the main winners and losers from the budget:</p><h2>WINNERS</h2><h2>Consumer Stocks</h2><p>Singapore’s plan to increase its handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year starting April, to help offset higher price pressures, will be positive for stocks tied to local consumption.</p><p>Food and beverage manufacturer Fraser and Neave Ltd., grocer Sheng Siong Group Ltd. and restaurants and food caterers such as Jumbo Group Ltd. and Kimly Ltd. could all benefit. Keppel REIT and other consumption-focused real estate investment trusts may also gain.</p><p>The moves could also help vulnerable borrowers cope with rising inflation, offsetting potential threats to local banks’ risk profile,” Bloomberg Intelligence analysts Rena Kwok and Sheenu Gupta wrote in a note.</p><h3>Aged Care</h3><p>Singapore’s move to add more resources for lower-income seniors can aid hospital operators such as Raffles Medical Group Ltd. and IHH Healthcare Bhd.</p><p>Wong plans to top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion.</p><h3>Manpower</h3><p>Wong’s plans aimed at turbocharging job opportunities for Singaporeans implies more business for staffing-solutions providers such as HRnetgroup Ltd.</p><p>The city-state will top up national productivity fund by S$4 billion, develop labor-market intermediaries who can go through industry training and employment facilitation, and extend the Senior Employment Credit and the Part-time Re-employment Grant.</p><p>HRnetgroup’s shares extended gains after budget announcements to close 2.4% higher.</p><h2>LOSERS</h2><h3>Property</h3><p>Singapore will raise taxes for higher-value properties in an attempt to boost revenue and help fund an array of spending programs.</p><p>The residential properties in excess of S$1.5 million and up to S$3 million will be taxed one percentage point higher at 5%. Properties in excess of S$3 million will be taxed two percentage points higher at 6%.</p><p>Stocks to watch include property firms such as City Developments Ltd. and UOL Group Ltd.</p><h3>Multinationals</h3><p>Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate. Some world-renowned multinationals with presence in Singapore include Apple Inc., Sony Group Corp. and Amazon.com Inc.</p><p>Such a move may also weigh on multiple members of the Straits Times Index, if they qualify as multinational corporations under local laws.</p><p><img src=\"https://static.tigerbbs.com/10ed039b0add868dbcf2043082048213\" tg-width=\"664\" tg-height=\"372\" referrerpolicy=\"no-referrer\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the Winners and Losers From Singapore’s Budget</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the Winners and Losers From Singapore’s Budget\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-15 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-14/here-are-the-winners-and-losers-from-singapore-s-budget><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Increase in handouts is positive for consumer stocks: AletheiaHigher taxes may weigh on property and multinational firmsSingapore’s budget moves to address the city-state’s high cost of living may ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-14/here-are-the-winners-and-losers-from-singapore-s-budget\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BSL.SI":"莱佛士医疗","42R.SI":"珍宝餐饮集团","F99.SI":"星狮集团","K71U.SI":"吉宝房地产信托","CHZ.SI":"和乐集团有限公司","STI.SI":"富时新加坡海峡指数","Q0F.SI":"IHH医疗保健集团","OV8.SI":"昇菘"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-14/here-are-the-winners-and-losers-from-singapore-s-budget","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100424494","content_text":"Increase in handouts is positive for consumer stocks: AletheiaHigher taxes may weigh on property and multinational firmsSingapore’s budget moves to address the city-state’s high cost of living may benefit stocks tied to consumers, while the property sector and multinational corporations may suffer as a result of higher taxation.In his speech on Tuesday, Deputy Prime Minister Lawrence Wong said the government will increase handouts to citizens to help offset the increase in goods and services tax and rising living costs. On the other hand, he raised taxes on higher-value property, multinational corporations, and luxury cars. Nonetheless, the benchmark Straits Times Index closed little changed on the day.“Addressing the cost of living is a major positive for local consumption as inflation is running high,” said Nirgunan Tiruchelvam, an analyst at Aletheia Capital Ltd. “The increase in handouts and the focus on creating job opportunities will aid stocks tied to consumers.”The S$104-billion ($78.4-billion) spending plan is intended to push residents closer to a post-Covid reality while easing near-term cost-of-living pressures.Here are details of what analysts see as the main winners and losers from the budget:WINNERSConsumer StocksSingapore’s plan to increase its handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year starting April, to help offset higher price pressures, will be positive for stocks tied to local consumption.Food and beverage manufacturer Fraser and Neave Ltd., grocer Sheng Siong Group Ltd. and restaurants and food caterers such as Jumbo Group Ltd. and Kimly Ltd. could all benefit. Keppel REIT and other consumption-focused real estate investment trusts may also gain.The moves could also help vulnerable borrowers cope with rising inflation, offsetting potential threats to local banks’ risk profile,” Bloomberg Intelligence analysts Rena Kwok and Sheenu Gupta wrote in a note.Aged CareSingapore’s move to add more resources for lower-income seniors can aid hospital operators such as Raffles Medical Group Ltd. and IHH Healthcare Bhd.Wong plans to top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion.ManpowerWong’s plans aimed at turbocharging job opportunities for Singaporeans implies more business for staffing-solutions providers such as HRnetgroup Ltd.The city-state will top up national productivity fund by S$4 billion, develop labor-market intermediaries who can go through industry training and employment facilitation, and extend the Senior Employment Credit and the Part-time Re-employment Grant.HRnetgroup’s shares extended gains after budget announcements to close 2.4% higher.LOSERSPropertySingapore will raise taxes for higher-value properties in an attempt to boost revenue and help fund an array of spending programs.The residential properties in excess of S$1.5 million and up to S$3 million will be taxed one percentage point higher at 5%. Properties in excess of S$3 million will be taxed two percentage points higher at 6%.Stocks to watch include property firms such as City Developments Ltd. and UOL Group Ltd.MultinationalsSingapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025, in line with a global agreement to increase the floor rate. Some world-renowned multinationals with presence in Singapore include Apple Inc., Sony Group Corp. and Amazon.com Inc.Such a move may also weigh on multiple members of the Straits Times Index, if they qualify as multinational corporations under local laws.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943067817,"gmtCreate":1678974663539,"gmtModify":1678974683866,"author":{"id":"4110778337738362","authorId":"4110778337738362","name":"RandyRoar","avatar":"https://community-static.tradeup.com/news/f131bdffaa9e04910ad97d6d8ebc1ea8","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"//<a href=\"https://ttm.financial/U/4110778337738362\">@RandyRoar</a>:Thanks","listText":"//<a href=\"https://ttm.financial/U/4110778337738362\">@RandyRoar</a>:Thanks","text":"//@RandyRoar:Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943067817","repostId":"1197324764","repostType":4,"repost":{"id":"1197324764","pubTimestamp":1674866217,"share":"https://www.laohu8.com/m/news/1197324764?lang=&edition=full","pubTime":"2023-01-28 08:36","market":"sg","language":"en","title":"SGX Weekly Review: Frasers Property Limited, Frasers Centrepoint Trust and China’s Reopening","url":"https://stock-news.laohu8.com/highlight/detail?id=1197324764","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Frasers Property Limited (SGX: TQ5)Fras","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2><b>Frasers Property Limited (SGX: TQ5)</b></h2><p>Frasers Property Limited, or FPL, together with <b>Frasers Centrepoint Trust</b>(SGX: J69U), or FCT, jointly announced that they will acquire a 50% stake in Gold Ridge Pte Ltd, which owns the popular suburban retail mall NEX.</p><p>Post-acquisition, FCT will own 25.5% of NEX while FPL will own the remaining 24.5%.</p><p>NEX is located in Serangoon and has seven levels of retail space (332 stores) with a net lettable area (NLA) of 634,631 square feet.</p><p>The purchase consideration will be S$652.5 million and the property still has 85 years of lease remaining from its 99-year tenure.</p><p>The net property income (NPI) yield for NEX based on 2022’s NPI is in the high 4% level.</p><p>The mall enjoys a committed occupancy of 99.9% and has key tenants such as Fairprice Xtra, <b>Isetan</b>(SGX: I15), Food Junction, Shaw Theatres, and Cold Storage Supermarket.</p><p>Furthermore, the property enjoys excellent connectivity, being close to the integrated Serangoon bus interchange and Serangoon MRT station which is an interchange for both the Circle and Northeast lines.</p><p>Frasers Property Singapore’s CEO Ms Soon Su Lin remarked that retail is one of FPL’s five asset classes within its multinational portfolio, and the investment in NEX further strengthens this pillar.</p><p>Please see the section below on how this acquisition benefits FCT.</p><h2><b>Frasers Centrepoint Trust (SGX: J69U)</b></h2><p>For FCT, the acquisition of NEX from the Mercatus Co-operative, the real estate arm of NTUC Enterprise, enables the retailREITto add a high-quality asset to its portfolio of malls.</p><p>NEX is a suburban retail mall which is a good fit for FCT’s portfolio.</p><p>The acquisition will help to diversify FCT’s retail portfolio further, with the largest mall accounting for 17% of NLA, down from 19% pre-acquisition.</p><p>FCT’s assets under management will increase from S$6.2 billion to S$6.7 billion post-acquisition.</p><p>The manager of the REIT will tap on debt and existing cash resources to finance this acquisition, and FCT’s aggregate leverage is expected to rise from 33% to 38.5%.</p><p>The transaction is also anticipated to be distribution per unit (DPU) accretive.</p><p>DPU will rise by around 0.52% from S$0.12227 (as of the fiscal year 2022) to S$0.12291.</p><p>Meanwhile, FCT has also concurrently released its fiscal 2023’s first quarter (1Q2023) business update for the period ending 31 December 2022.</p><p>Healthy leasing demand saw the REIT’s occupancy rate inch up 1.2 percentage points year on year to 98.4%.</p><p>Shopper traffic jumped by 38.3% year on year while tenant sales improved by 13.4% year on year.</p><p>As of 31 December 2022, FCT’s aggregate leverage stood at 33.9% with the interest cover ratio at 4.7 times.</p><p>In line withrising interest rates, the retail REIT’s cost of debt has jumped from 3% as of 30 September to 3.5% in the latest quarter.</p><p>The good news is that 73% of FCT’s borrowings are hedged to fixed rates.</p><p>The manager continues to curate and refresh its retail offerings, introducing new brands such as Love, Bonito, Kaleido, and The Salt Clinic to FCT’s portfolio.</p><p>Aside from the acquisition of NEX, FCT has also undertaken an asset enhancement initiative (AEI) for Tampines 1.</p><p>The REIT will spend S$38 million to rejuvenate the mall, with the AEI to commence in phases from 2Q2023 and slated to complete by 3Q2024.</p><h2><b>China’s reopening</b></h2><p>China’s recent reopening has had a positive effect on the global economy as it signals that demand will return from the world’s most populous nation.</p><p>Although the country’s gross domestic product (GDP) suffered last year, there’s optimism that the resumption of mobility will restore consumer demand and benefit the global economy this year.</p><p>One sector that will immediately benefit is hospitality, as mainland Chinese travellers can now leave the country for vacations.</p><p>Airlines, hotels, and tourist attractions will benefit from this revenge spending as pent-up demand for holidays leads to aggressive spending.</p><p>Some of the beneficiaries include <b>Singapore Airlines Limited</b>(SGX: C6L), hospitality trusts such as <b>CapitaLand Ascott Trust</b>(SGX: HMN) and <b>CDL Hospitality Trusts</b>(SGX: J85), and tourism operator <b>Genting Singapore Limited</b>(SGX: G13) and <b>Straco Corporation Limited</b>(SGX: S85).</p><p>Supply chains should also flow more smoothly with restrictions eased, leading to higher demand for industrial and logistics space.</p><p>The higher demand should benefit REITs such as <b>Mapletree Logistics Trust</b>(SGX: M44U) and <b>Frasers Logistics &amp; Commercial Trust</b>(SGX: BUOU).</p><p>Finally, commercial leasing demand should also see a rebound as multinational corporations and mainland state-owned enterprises reconnect via Hong Kong.</p><p>Singapore’s office market is expected to benefit too, with around 500 Chinese companies registering or shifting their place of business to Singapore over the last 12 months (as of November 2022).</p><p>The uptick in leasing demand should benefit REITs such as <b>CapitaLand Integrated Commercial Trust</b>(SGX: C38U).</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Frasers Property Limited, Frasers Centrepoint Trust and China’s Reopening</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Frasers Property Limited, Frasers Centrepoint Trust and China’s Reopening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-28 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-frasers-property-limited-frasers-centrepoint-trust-and-chinas-reopening/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Frasers Property Limited (SGX: TQ5)Frasers Property Limited, or FPL, together with Frasers Centrepoint Trust(SGX: J69U), or FCT, jointly ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-frasers-property-limited-frasers-centrepoint-trust-and-chinas-reopening/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"J69U.SI":"星狮地产信托","TQ5.SI":"星狮地产有限公司"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-frasers-property-limited-frasers-centrepoint-trust-and-chinas-reopening/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197324764","content_text":"Welcome to the latest edition of top stock market highlights.Frasers Property Limited (SGX: TQ5)Frasers Property Limited, or FPL, together with Frasers Centrepoint Trust(SGX: J69U), or FCT, jointly announced that they will acquire a 50% stake in Gold Ridge Pte Ltd, which owns the popular suburban retail mall NEX.Post-acquisition, FCT will own 25.5% of NEX while FPL will own the remaining 24.5%.NEX is located in Serangoon and has seven levels of retail space (332 stores) with a net lettable area (NLA) of 634,631 square feet.The purchase consideration will be S$652.5 million and the property still has 85 years of lease remaining from its 99-year tenure.The net property income (NPI) yield for NEX based on 2022’s NPI is in the high 4% level.The mall enjoys a committed occupancy of 99.9% and has key tenants such as Fairprice Xtra, Isetan(SGX: I15), Food Junction, Shaw Theatres, and Cold Storage Supermarket.Furthermore, the property enjoys excellent connectivity, being close to the integrated Serangoon bus interchange and Serangoon MRT station which is an interchange for both the Circle and Northeast lines.Frasers Property Singapore’s CEO Ms Soon Su Lin remarked that retail is one of FPL’s five asset classes within its multinational portfolio, and the investment in NEX further strengthens this pillar.Please see the section below on how this acquisition benefits FCT.Frasers Centrepoint Trust (SGX: J69U)For FCT, the acquisition of NEX from the Mercatus Co-operative, the real estate arm of NTUC Enterprise, enables the retailREITto add a high-quality asset to its portfolio of malls.NEX is a suburban retail mall which is a good fit for FCT’s portfolio.The acquisition will help to diversify FCT’s retail portfolio further, with the largest mall accounting for 17% of NLA, down from 19% pre-acquisition.FCT’s assets under management will increase from S$6.2 billion to S$6.7 billion post-acquisition.The manager of the REIT will tap on debt and existing cash resources to finance this acquisition, and FCT’s aggregate leverage is expected to rise from 33% to 38.5%.The transaction is also anticipated to be distribution per unit (DPU) accretive.DPU will rise by around 0.52% from S$0.12227 (as of the fiscal year 2022) to S$0.12291.Meanwhile, FCT has also concurrently released its fiscal 2023’s first quarter (1Q2023) business update for the period ending 31 December 2022.Healthy leasing demand saw the REIT’s occupancy rate inch up 1.2 percentage points year on year to 98.4%.Shopper traffic jumped by 38.3% year on year while tenant sales improved by 13.4% year on year.As of 31 December 2022, FCT’s aggregate leverage stood at 33.9% with the interest cover ratio at 4.7 times.In line withrising interest rates, the retail REIT’s cost of debt has jumped from 3% as of 30 September to 3.5% in the latest quarter.The good news is that 73% of FCT’s borrowings are hedged to fixed rates.The manager continues to curate and refresh its retail offerings, introducing new brands such as Love, Bonito, Kaleido, and The Salt Clinic to FCT’s portfolio.Aside from the acquisition of NEX, FCT has also undertaken an asset enhancement initiative (AEI) for Tampines 1.The REIT will spend S$38 million to rejuvenate the mall, with the AEI to commence in phases from 2Q2023 and slated to complete by 3Q2024.China’s reopeningChina’s recent reopening has had a positive effect on the global economy as it signals that demand will return from the world’s most populous nation.Although the country’s gross domestic product (GDP) suffered last year, there’s optimism that the resumption of mobility will restore consumer demand and benefit the global economy this year.One sector that will immediately benefit is hospitality, as mainland Chinese travellers can now leave the country for vacations.Airlines, hotels, and tourist attractions will benefit from this revenge spending as pent-up demand for holidays leads to aggressive spending.Some of the beneficiaries include Singapore Airlines Limited(SGX: C6L), hospitality trusts such as CapitaLand Ascott Trust(SGX: HMN) and CDL Hospitality Trusts(SGX: J85), and tourism operator Genting Singapore Limited(SGX: G13) and Straco Corporation Limited(SGX: S85).Supply chains should also flow more smoothly with restrictions eased, leading to higher demand for industrial and logistics space.The higher demand should benefit REITs such as Mapletree Logistics Trust(SGX: M44U) and Frasers Logistics & Commercial Trust(SGX: BUOU).Finally, commercial leasing demand should also see a rebound as multinational corporations and mainland state-owned enterprises reconnect via Hong Kong.Singapore’s office market is expected to benefit too, with around 500 Chinese companies registering or shifting their place of business to Singapore over the last 12 months (as of November 2022).The uptick in leasing demand should benefit REITs such as CapitaLand Integrated Commercial Trust(SGX: C38U).","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952730106,"gmtCreate":1674954717005,"gmtModify":1676538967522,"author":{"id":"4110778337738362","authorId":"4110778337738362","name":"RandyRoar","avatar":"https://community-static.tradeup.com/news/f131bdffaa9e04910ad97d6d8ebc1ea8","crmLevel":6,"crmLevelSwitch":0},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952730106","repostId":"1197324764","repostType":4,"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}