This morning (16 December 2022), EC World REIT (SGX:BWCU) held its EGM to seek unitholders’ approval on the proposed divestment of 2 properties in its portfolio to raise funds for the repayment of at least 25% of its borrowings by 31 December 2022. I’ve attended the meeting as a unitholder and for the benefit of those who weren’t able to attend, you can read about a summary of the presentation made by the REIT’s CEO, Mr Goh Toh Sim, along with a list of questions raised and responses provided by the REIT’s management, and also results of the resolution put to vote during the meeting…
EC World REIT: What You Need to Know before Attending the Upcoming EGM
On 03 October, EC World REIT (SGX:BWCU) announced the proposed divestment of 2 properties in its portfolio to raise 25% of its total borrowings for repayment by 31 December. An EGM will be convened on 16 December to seek unitholders’ approval. Since the announcement was released, I have been trying to seek clarifications with REIT’s investor relations with a series of questions. In this post, you’ll find all the questions I have raised, along with responses by the REIT. On top of that, you’ll also find all the questions unanswered (even till today), my request for assistance from Security Investors Association (Singapore) (SIAS), details of its upcoming EGM, and finally, my thoughts about this whole episode…
What You Need to Know about EC World REIT’s Q3 and 9M FY2022 Results
China-based e-commerce and port logistics REIT in EC World REIT (SGX:BWCU), with 7 properties in its portfolio, have released its results for the 3rd quarter, as well as for the first 9 months of the financial year 2022 ended 30 September 2022 after market hours yesterday (09 November 2022.) As a unitholder of the REIT, I have studied the documents posted and in this post, you’ll find my review of its latest financial results, portfolio occupancy and debt profile, as well as its distribution payout to unitholders for the current period under review…
Which Singapore-Listed Bank Had the Most Resilient Set of Q3 Results for FY2022?
Now that all 3 Singapore-listed banks (in DBS, UOB, and OCBC) have made available their business updates for the third quarter of the financial year 2022 ended 30 September, its time to put their results side-by-side to find out which bank stood out in terms of improvements in its financial results and key financial ratios. Additionally, you’ll also find out which bank is ‘cheapest’ based on their current valuations…
My Review of OCBC’s Q3 FY2022 Business Update
Oversea-Chinese Banking Corporation Limited (SGX:O39), or OCBC for short, have made available its business update for the third quarter of the financial year 2022 before market hours this morning (04 November 2022.) In this post, you’ll find my review of the Singapore bank’s key financial performance figures and ratios (these are the exact statistics I focus my attention on whenever I study a bank’s results every quarter…)
DBS Group Holdings’ Q3 FY2022 Business Update – What You Need to Know
DBS Group Holdings Limited (SGX:D05) is the second Singapore-listed bank to release its business update for the third quarter of the financial year 2022 ended 30 September 2022 early this morning (03 November 2022.) In this post, you’ll find key aspects about its latest set of financial results and financial figures to take note of, along with my thoughts about them…
Key Aspects from CapitaLand Ascendas REIT’s Q3 FY2022 Business Update to Take Note of
CapitaLand Ascendas REIT (SGX:A17U), with a total of 230 properties in its portfolio and total assets under management of approximately S$16.5 billion, reported its business update for the third quarter of FY2022 ended 30 September 2022 shortly after market hours this evening (31 October 2022.) As the REIT have switched to half yearly reporting of its financial results, it only reported its portfolio occupancy and debt profile this time round, both of which you’ll read about in this post, along with my thoughts about them…
My Review of United Overseas Bank’s Q3 FY2022 Business Update
With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe, and North America, United Overseas Bank, or UOB (SGX:U11) is the first of the three Singapore-listed banks to release its business update for the third quarter of financial year 2022 ended 30 September 2022 early this morning (28 October 2022.) As a shareholder of the Singapore bank, I have studied the documents posted and in this post, you’ll find my review of some of the bank’s key financial figures and ratios…
My Review of Mapletree Pan Asia Commercial Trust’s Results for 1H FY2022/23
Mapletree Pan Asia Commercial Trust (SGX:N2IU) is the last of the 3 listed Mapletree REITs to release its financial results for the first half of the financial year 2022/23 ended 30 September 2022 after market hours yesterday (27 October 2022.) This is the first time the enlarged REIT have released its financial results following its merger with Mapletree North Asia Commercial Trust in August 2022 and renamed (from Mapletree Commercial Trust.) In this post, I’ll be reviewing its latest financial results, how the REIT’s portfolio occupancy and debt profile have been affected (positively and/or negatively) from the merger, and also its distribution payout to unitholders for the period under review (i.e. 1H FY2022/23)…
Mapletree Industrial Trust’s Q2 and 1H FY2022/23 Results – My Review
Industrial and data centre REIT in Mapletree Industrial Trust (SGX:ME8U) have released its financial results for the second quarter, as well as for the first half of the financial year 2022/23 ended 30 September 2022 yesterday evening (26 October 2022.) As a unitholder of the blue-chip REIT, I have studied its latest set of results and in this post, you’ll find my review of its financial performance, portfolio and debt profile, along with its distribution payout declared for the current quarter under review…
