Mapletree North Asia Commercial Trust

[xis]

Hi, Please check your CDP account now. They just updated my account.

[mkmk]

Thanks guys, it's in my CDP now.

[pianist]

i wonder who will provide chiak kopi $ for u guys?

[RBM]

MGCR currently trading at S$ 1.04 (15.15 hrs), an ~ 11.8% increase on the IPO price. Congratulations to those who were successful in the ballot.

But I have to say I do not understand how a new-issue-REIT with such fundamentals can command such a price. I am obviously very much out of touch and a failure when it comes to understanding what makes for a good investment.

Not Vested.

[Musicwhiz]

But I have to say I do not understand how a new-issue-REIT with such fundamentals can command such a price. I am obviously very much out of touch and a failure when it comes to understanding what makes for a good investment.

In the short-term, the stock market is a voting machine. Most popular wins by sentiment. In the long-term, it is a weighing machine.

[AlphaQuant]

going by track records from the Mapletree family, there should be another placement within the year.

[pianist]

But I have to say I do not understand how a new-issue-REIT with such fundamentals can command such a price. I am obviously very much out of touch and a failure when it comes to understanding what makes for a good investment.

In the short-term, the stock market is a voting machine. Most popular wins by sentiment. In the long-term, it is a weighing machine.

in the long run, most of us would have been dead...;p

[Musicwhiz]

Yes, in the long-run we would be dead, but you won't catch me doing any short-term speculation.

After switching to value investing, I've sworn off all speculative activities. This includes IPO applications as well.

[WolfT]

Thank you MapletreeGCC for your kopi money! I will treat my family for a great meal.
Sold at 1.040.


(not vested anymore)

[shanrui_91]

Even using the 5.69 cents dpu in the second year, it is only 5.5% yield. This is not even a pure retail asset, it has an office asset in China that account for 25% of its value and is undergoing some litigation appeal. The assets are on 50 years lease and not on 99 years lease like most retail malls in Singapore. And their gearing ratio is so high especially compared to all other foreign reits listed in Singapore. I remember reading from BT that the sponsor has 5 properties in the pipeline in China. Seemed like the excellent HK retail asset is used to justify dumping weaker properties in the future.