Mapletree Log Tr    Last:1.13   -

MapleTreeLog

Take note of this counter.... uptrend now.

TA - MACD cuts up yesterday, momentum cuts above 0 on wednesday.

FA - Analyst upgrade, TP is 1.25

 

Ha ha..

Spore gal say not bad means got chance. She s the real TA expert ard. :)

 

This counter is not bad I think... healthy volumes and the TA charts tell me its on an uptrend now. Its not too overbought too (from RSI value).

 

Mapletree	SGD0.0025	Nov 1	Nov 29
Mapletree	SGD0.0107	Nov 1	Nov 29

 

Hi, anyone know what is the dividend amount per share  and when is the dividend payout date please ? Thank you.

 

i correct myself.. no bullish engulfing candle as only its shadow engulfs yesterday price range but the body did not but overall, i think still the sentiments are still very positive.

 

Looks like this giant tree may reach 1.03 by tomorrow; think you are rite. Rentals are going up...

 

Recent reports.

OCBC target price of 1.12

CIMB target price of 1.05

 

Bullish Engulfing candle on significantly higher volume today !!

MACD cuts up and Parabolic turns green.

Looks good ! Plus got kopi $ from dividends. :)

 

wow..whole morning and now..not even a single transaction of this?? a standstill huh?? 87cts Vs 88cts ?? hee...

 

wow...this counter now 86.5cts ..seems attractive even at current high interest rate environment..comments...wonder who is dumping ????

 

Let's hear the different tune....



http://www.remisiers.org/research//MapletreeLogist-280706cgk.pdf



http://www.remisiers.org/research//MapletreeLog27Jul06ML.pdf

 

Merrill Lynch has lowered its price target from $1.20 to $1.00 due to the following reasons:
- lower accretion from assets acquired
- need for further equity raising
- likelihood that a raising will be done near current price levels

 

cheongkong reit IPo postponed ???

 

At current price of 0.91 cents, the projected yield is abt 5 %. Mapletree started its ipo with an asset size of 422m, and it has since grown to approx 715m, with projected asset size of 1billion by end of this yr.

What this means is that as their assets grow in size, due to yield-accretive acquisition, their div payout will increase. The mgmt has a stated objective to grow their assets by 10 times (from 422m) in the next 5 years, implying an asset size of 4.2 billion - which if realised, should increase their div payout substantially.

The current yield of 5 % is average as compared with other reits like MMP reit, Suntect reit which are giving projected yield of approx 6 %, as well as Ascendas (closest comparison to Mapletree), which is giving a yield of 5.8 %, based on current price of 2.00.

The reason that Mapletree's share price is high (in the sense that the yield is low) is because of its pedigree - it is 30 % owned by Temasek, and if you believe the growth story (assets to increase 10 times), then u can go ahead to buy it.

Also, for long term investors who are happy with a 5 % yield, which beats bank interest rate,, and with a promise of better yield to come - it may be a good opportunity. However, if interest rate continues to rise, risk adverse investors may demand a higher yield to compensate and this means that mapletree price may have to fall further.

If you look at the history of Capitalmall (which started life at 0.96) and Ascendas (which started life at 0.88), their current price are way above their ipo price, even after this huge mkt correction, because they have delivered on increasing their yields, thru aggessive yield accretive acquisitions over the last 3 years.

 

cambridge reits postpones IPO...

 

level of interest is important.. if nobody interested or talk about it.. how good oso no point. just like volume of trade..

 

haha... good point!

then we should all do an analysis of Good Stock Buys based on the number of Forum Postings !!

 

just check other stock forums, nobody talk about REITs nowadays... even Ho Ching issued warnings ..

 

REITs loosing its appeal? then how come AscendREIT is still so hot?? hmm...any other gurus got advise?? :)