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Sudhan

Content Strategist (Investment Lead) at Seedly

Sudhan

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Content Strategist (Investment Lead) at Seedly

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Sudhan

  • Answers (125)
  • Questions (2)
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Stocks Discussion

Investments

(Stocks Discussion) SGX: Mapletree Commercial Trust (SGX: N2IU)?
Sudhan
Sudhan
Level 6. Master
Answered 16h ago
Here are some key financial numbers from the REIT’s fiscal first-quarter business update (three months ended 30 June 2020): - Gross revenue: Down 10.5% YoY - Net property income: Down 10.7% YoY - Distribution per unit: Not mentioned - Gearing: 33.7% - Portfolio occupancy: 98.2% Mapletree Commercial Trust shared that phase 2 of the re-opening has been encouraging for its retail side: “Phase Two lifting of the circuit breaker from 19 June 2020 has begun to take some weight off our retail tenants at VivoCity where we have observed encouraging recovery in shopper traffic and tenant sales. Although the majority of tenants have resumed operations, we believe it will take some time to get back to pre-COVID-19 levels due to continued work-from-home directives, border closures, social distancing measures, as well as disruptions in manpower and global supply chains.” The office properties in Mapletree Commercial Trust’s portfolio have somewhat helped to mitigate the impact from the retail assets. This is especially obvious when compared to the pure-play retail REIT CapitaLand Mall Trust’s latest performance.
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Securities

Stocks Discussion

REITs

Investments

(Stocks Discussion) SGX: CapitaLand Commercial Trust (SGX: C61U)?
Sudhan
Sudhan
Level 6. Master
Answered 16h ago
Here are the key financial metrics from the REIT’s 2020 second-quarter results: - Gross revenue: Down 8.1% YoY - Net property income: Down 9.7% YoY - Distribution per unit: Down 23.2% YoY to 1.69 Singapore cents - Gearing: 36.4% - Portfolio occupancy: 95.2% Kevin Chee, chief executive of CapitaLand Commercial Trust’s manager, said: “CCT’s 2Q 2020 results reflected the impact of our portfolio repositioning and rental support for tenants amidst COVID-19. Retaining and supporting our tenants through the COVID-19 challenges remains a priority for CCT. To ensure that our portfolio maintains a sustainable path to future growth, we are focused on completing the asset enhancements of Six Battery Road and 21 Collyer Quay as well as the development of CapitaSpring in 2021. With an improved portfolio positioning and enhanced offerings, CCT will be better placed to meet the evolving workspace needs of our tenants in a post-COVID-19 world.” As an office REIT, CapitaLand Commercial Trust will be directly impacted by the changing landscape of how we work. With its core and flex strategy, which involves combining a building’s conventional office space (core) and flexible space (flex) to create innovative workplace solutions, it should be able to still stay relevant in the future.
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Stocks Discussion

SGX

(Stocks Discussion) Mapletree Logistics Trust (SGX: M44U)?
Sudhan
Sudhan
Level 6. Master
Answered 16h ago
Here are some key financial numbers from the REIT’s fiscal first-quarter results (three months ended 30 June 2020): - Gross revenue: Up 10.5% YoY - Net property income: Up 12% YoY - Distribution per unit: Up 1% YoY to 2.045 Singapore cents - Gearing: 39.6% - Portfolio occupancy: 97.2% Ng Kiat, chief executive officer of Mapletree Logistics Trust’s manager, commented: “COVID-19 has accelerated several preexisting structural trends, such as e-commerce growth and supply chain diversification, benefitting the logistics market in Asia Pacific. Underpinned by these trends, the logistics sector has continued to demonstrate resilience. With a quality portfolio and strong regional network, MLT remains well-positioned to navigate the current challenges as well as capture opportunities in the market place.” It’s nice to see a REIT with all key financial metrics improving on a year-on-year basis, amid the COVID-19 scare. For investors who are looking for a resilient REIT that has exposure to the e-commerce sector, this could be it.
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REITs

Stocks Discussion

Investments

(Stocks Discussion) SGX: Mapletree Industrial Trust (SGX: ME8U)?
Sudhan
Sudhan
Level 6. Master
Answered 16h ago
Let’s look at the key financial numbers from the REIT’s fiscal first-quarter results (three months ended 30 June 2020): - Gross revenue: Down 0.5% YoY - Net property income: Up 0.9% YoY - Distribution per unit: Down 7.4% YoY to 2.87 Singapore cents - Gearing: 38.8% - Portfolio occupancy: 91.1% Mapletree Industrial Trust said the following in its press release: “MIT’s large and diversified tenant base with low dependence on any single tenant or trade sector will continue to underpin its portfolio resilience. The long leases in MIT’s data centres in Singapore and North America as well as build-to-suit projects will further strengthen the portfolio’s resilience.”
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Investments

Stocks Discussion

(Stocks Discussion) SGX: Ascendas REIT (SGX: A17U)?
Sudhan
Sudhan
Level 6. Master
Updated 16h ago
Here are some key financial numbers from the REIT’s fiscal first-half earnings (six months ended 30 June 2020): - Gross revenue: Up 14.6% year-on-year (YoY) - Net property income: Up 11.2% YoY - Distribution per unit: Down 10.8% YoY to 7.270 Singapore cents - Gearing: 36.1% - Portfolio occupancy: 91.5% William Tay, chief executive of Ascendas REIT’s manager, said: “In the first half of 2020, Ascendas Reit managed to deliver a steady distributable income despite the difficult operating environment, the provision of rent waivers to our tenants due to the COVID-19 pandemic and the absence of one-off distribution of rollover adjustments. With the enlarged number of Units in issue, DPU declined to 7.270 cents. We continue to expect challenges in the months ahead which could impact the performance of Ascendas Reit. However, our well-diversified portfolio and tenant base should help us to mitigate the challenges ahead. We will continue to work closely with our tenants to ride out this uncertain period together.”
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Investments

Stocks Discussion

(Stocks Discussion) SGX: AEM Holdings Ltd (SGX: AWX)?
Sudhan
Sudhan
Level 6. Master
Answered 20h ago
AEM had a blowout period for the first half of 2020. Here are some highlights: - Revenue rose 81.7% year-on-year, up from S$150.6 million a year back to S$273.7 million in 1H2020. - Net profit more than doubled from S$22.3 million in 1H2019 to S$55.3 million, surging 147.9%. - Correspondingly, net profit margin improved from 14.8% to 20.2%. - Free cash flow was exceptionally strong, ballooning from S$6.4 million a year back to S$45.7 million in the latest period. - AEM’s balance sheet remained robust with S$137.9 million in cash balance and negligible debt, as of 30 June 2020 (compared to S$57.4 million last year). - As a result, dividend per share grew 150%, from 2.0 Singapore cents a year ago to 5.0 Singapore cents. Find out more from SeedlyReads' coverage.
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Investments

REITs

Stocks Discussion

(Stocks Discussion) SGX: Keppel DC REIT (SGX: AJBU)?
Sudhan
Sudhan
Level 6. Master
Updated 2w ago
Keppel DC REIT posted strong results again. For the 2020 first-half, gross revenue grew around 30% year-on-year while net property income rose 32%. Distribution per unit increased by 13.6% to 4.375 Singapore cents. ! In its earnings release, Keppel DC REIT sees growth ahead still, which is also fuelled by faster digital adoption due to the virus: "The COVID‐19 pandemic has radically altered the business and social landscape. While a number of business sectors have been adversely affected, the technology sector continues to do well. The widespread lockdowns have contributed to an accelerated adoption of digital technology. The data centre industry remains resilient, supporting data storage and processing requirements of the digital economy. The Manager believes that the prospects for the data centre market remain robust, underpinned by strong digital trends such as rapid cloud adoption, smart technologies, big‐data analytics, and 5G deployment."
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Stocks Discussion

Investments

(Stocks Discussion) SGX: CapitaLand Mall Trust (SGX: C38U)?
Sudhan
Sudhan
Level 6. Master
Updated 2w ago
CMT just posted its 2020 first-half earnings results yesterday. ! Due to rental waivers and the circuit breaker measures, net property income fell around 21% year-on-year to S$216.4 million. Distributable income tumbled 48.7% to S$109.7 million while distribution per unit (DPU) declined by 49% to 2.96 Singapore cents. However, some bright sparks are: 1. Portfolio occupancy was still at a healthy figure of above 97% 2. Rental reversion went up 0.1% 3. For the period 19 June to 5 July 2020, most tenants have resumed operations and there has been a steady recovery in shopper traffic as the economy transitioned into Phase Two safe reopening 4. With that, average shopper traffic has recovered to 53% of January 2020 level 5. Underlying all these is that CMT has financial resilience with a healthy gearing ratio of 34.4%, as of end June 2020. It looks like it would take some time for things to get back to pre Covid-19 levels. But until then, CMT should be able to ride through the tough times due to its strong balance sheet.
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Investments

Stocks Discussion

Online Brokerages

How much return did you get on your first year of investing?
Sudhan
Sudhan
Level 6. Master
Answered 3w ago
Hi anon, each individual's returns will differ according to the type of investment made, when it was made, etc. Instead of looking at that, you may want to look at the average returns of each asset class. If you want to invest in US stocks, for example, over the past 10 years (as of 24 Feb 2020), the S&P 500 index has produced an annualised return of 11.8%. That return would be slightly lower now with the current stock market jitters. However, it shouldn't differ too much from the average.
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Stocks Discussion

REITs

SGX

Investments

ESR-REIT (SGX: J91U) and Sabana REIT (SGX: M1GU) have announced a merger. What do you think of it?
Sudhan
Sudhan
Level 6. Master
Updated 3w ago
Hi anon, we just covered the announcement at Seedly Reads. You can view the article here. ! I think it's a good deal for both REITs. For Sabana REIT, it could arrest the falling gross revenue and net property income of the past. For ESR-REIT, it becomes a larger behemoth, even after considering the merger with Viva Industrial Trust in 2018. I'll be watching ESR-REIT even more if the merger with Sabana REIT goes through.
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