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I am a buyer at this price. China's bad news is already priced in. If 2025 DPU forecast is accurate, then it still represents 6% yield, which is a good yield to hold on to while I wait for the expected rate cuts to play itself out over the next 18 months. In addition the Chinese property market woes seem to have hit bottom. I expect it to stabilize and recover over the next 2-3 years. Therefore in totality, my view is the benefits outweigh the risks. As a dividend investor, I don't try to time the market for a perfect entry. My investment horizon is at least 5-10 years. What happens in the next 2-3 quarters doesn't really matter. So I'm happy to buy, hold and get paid decently while I wait for the recovery.
Also, don't buy REIT relating to Lendlease as well - they will be pulling out of Asia and planning to sell off their existing business lines over the next 12 to 18 months. For those still holding it - it is better to release early so as to cut down further loses.....
Hi Josh, very good analysis on MLT. I just bought into AA Reit which has a decent yield of 7.5%. Much lower gearing and less Fx exposure. Oni has a weak biz park which forms 3% of portfolio.
Mapletree industrial. I own that. In this research I realized the uncertainty of the chain assets in rental for the upcoming period. MLT is the still best logistics reit imo.
MLT is arguably the best of the logistics reits. But as of this moment there is China lease renewal uncertainty. Singapore malls are inching rent up and much easier. Data centres are new economy assets. Personally I prefer them. Hope it clarifies
Logistics is will be a bad hit. The geopolitics is getting bad to worse. War in Europe is just standing at the edge. Philippines is also at the edge of having war with China. This is what US want. This will help to pump the money back to US.
Logistics business is needed whether there is war or peace. People still need to eat, US or China still need to import or export. Pump money is done through US $ exchange rate. When US interest rate is high, it will attract people to buy USD or buy US Treasuries
