tag:blogger.com,1999:blog-5250592099846123314.post589600387454553118..comments2024-02-14T16:08:35.337+08:00Comments on Wealth Buch -- Journey towards Financial Freedom: Saizen REIT@valuebuddiesJWhttp://www.blogger.com/profile/04633191740991225888noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-5250592099846123314.post-50793098754025677402010-11-10T08:33:51.921+08:002010-11-10T08:33:51.921+08:00Hi Zelphon,
I'm busy with my students as it ...Hi Zelphon, <br /><br />I'm busy with my students as it is A levels maths paper tomorrow. Guess I will have to postpone my reading up of the reports.<br /><br />Awaiting AK's blog post on it.JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-91682117902151156132010-11-10T07:51:28.777+08:002010-11-10T07:51:28.777+08:00Results is mixed... but valuation appears to be go...Results is mixed... but valuation appears to be going up... Effects of QE2??Anonymoushttps://www.blogger.com/profile/10426165855681312479noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-21626022925066025232010-11-09T22:32:24.477+08:002010-11-09T22:32:24.477+08:00Hi Zelphon,
I'm eagerly awaiting!Hi Zelphon,<br /><br />I'm eagerly awaiting!JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-3223301830298098962010-11-09T20:33:14.658+08:002010-11-09T20:33:14.658+08:00Tml is D-DAY !!!Tml is D-DAY !!!Anonymoushttps://www.blogger.com/profile/10426165855681312479noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-75647828965436237732010-11-09T11:15:23.225+08:002010-11-09T11:15:23.225+08:00Hi AK,
I was just sharing :)Hi AK,<br /><br />I was just sharing :)JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-64128494469755150542010-11-08T22:41:05.872+08:002010-11-08T22:41:05.872+08:00Hi guys,
It is really good to see how here is so ...Hi guys,<br /><br />It is really good to see how here is so much discussion on Saizen REIT where, 12 months ago, there was almost none.<br /><br />I attended the AGM on 19 Oct and you might want to take a look at my analysis based on latest available data:<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.com/2010/10/saizen-reit-agm-on-19-oct-10.html" rel="nofollow">Saizen REIT: AGM on 19 Oct 10</a><br /><br />Thanks to JW for creating some buzz. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-11296540715429785212010-11-08T20:29:23.107+08:002010-11-08T20:29:23.107+08:00Hi Drizzt,
I believe that would not only kill off...Hi Drizzt,<br /><br />I believe that would not only kill off REITs, but all companies that borrowed a lot of $$.<br /><br />Anyway, for us, it's just $$. If anything, it's just opportunity cost lost. We can always earn more again.JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-78195724566348505162010-11-08T20:10:19.969+08:002010-11-08T20:10:19.969+08:00its more complicated. inflationary pressures at a ...its more complicated. inflationary pressures at a fast pace will kill of reits, because of risk vs reward. if interest rate at 4% and reit at 6% which is a good buy?<br /><br />Drizzt<br /><a href="http://www.investmentmoats.com" rel="nofollow">Investment Moats.com</a>Kyithhttps://www.blogger.com/profile/07617228143744544821noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-21487809859171480162010-11-08T19:51:40.212+08:002010-11-08T19:51:40.212+08:00Hi Paul,
actually to me, it matters lesser. If th...Hi Paul,<br /><br />actually to me, it matters lesser. If there's inflationary pressure, property prices will go up, and rental will adjust upwards accordingly. In the end, there wouldn't be much difference when we exchange back to SGD.<br /><br />That's my view. I'm no expert in forex movements at all. Any thoughts?JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-15032875848390860092010-11-08T19:11:07.630+08:002010-11-08T19:11:07.630+08:00Hi,
As much as JPY is staying strong, Japan Centr...Hi,<br /><br />As much as JPY is staying strong, Japan Central Bank would also likely to weaken it further, as Japan are an exporting nation, just like Singapore. Hence, there is a limit at how much it can rise. A weaken yen, could induce inflationary pressure. The only problem is that their central bank is unable to interfere in the forex market, due to the term "currency manipulation" etc.<br /><br />I think going further down the road, SGD is likely to strengthen against JPY, as MAS has already stated that they are worried about inflation and assets bubble forming.<br /><br />But, currency is so volatile, better to avoid to speculate it and do the calculations since it is likely to swing further in the future.<br /><br />PaulAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-88811410758915382522010-11-08T14:41:35.461+08:002010-11-08T14:41:35.461+08:00Hi AK,
I have posted your comment on valuebuddies...Hi AK,<br /><br />I have posted your comment on valuebuddies :)JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-65063417474787734862010-11-08T12:43:30.996+08:002010-11-08T12:43:30.996+08:00Hi JW,
Nick tipped me off regarding the thread on...Hi JW,<br /><br />Nick tipped me off regarding the thread on Saizen REIT in valuebuddies too.<br /><br />The arguments given are mostly conventional wisdom which I am familiar with. <br /><br />I have talked about the Japanese debt situation and how this has no impact on Saizen REIT before:<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.com/2010/02/japans-debt-issue-and-saizen-reit.html" rel="nofollow">Japan's debt issue and Saizen REIT</a><br /><br />As for the S$/JPY exchange rate and how the strong JPY is likely to weaken in time, we have to remember that exchange rate is bilateral in nature. The JPY could also weaken if the S$ strengthens. <br /><br />MAS is allowing the S$ to strengthen in order to contain inflationary pressures. Will it allow the S$ to strengthen much more? If it does, would it not impact our exporters negatively? MAS is likely to be very cautious.<br /><br />The residential real estate which Saizen REIT is vested in is below replacement cost. This means that no one in his right mind would construct new buildings. The supply side has stalled. The demand for inexpensive accommodation is strong and I have a blog post on this recently.<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.com/2010/11/asterisk-realty-advisory-for-japanese.html" rel="nofollow">Asterisk Realty: Advisory for Japanese real estate</a><br /><br />Saizen REIT owns freehold properties. Income distribution is therefore perpetual, ceteris paribus.<br /><br />As for rental rates lowering 4% in Saizen REIT's latest tenancy renewals, how much of its total tenancy were so affected? Would such a trend continue?<br /><br />The assumption that rental rates would continue to lower in Japan is just an assumption and is something waved around by people who think that Japan is going to the Land of the Dodos.<br /><br />Jim Rogers is long JPY and believes that it will remain strong. Marc Faber believes that people are so bearish on Japan and have written it off that it is a strong contrarian play. The JPY is still viewed as a safe haven. <br /><br />In recent months, China's purchase of JGBs caused the Japanese government some concerns. The Chinese recognise the safety of JGBs compared to US Treasuries and have been diversifying away from the latter. As long as there remains a strong demand for the JPY for various reasons, the JPY is likely to stay strong. It's simple economics of supply and demand.<br /><br />The recent revival of interest in Japanese real estate because of the sector's amazing yield is likely to increase demand for the JPY too. People who want to invest in Japanese real estate must pay in JPY.<br /><br />It is not wrong to say that the high yield is normal for real estate in Japan but such high yield is not normal for real estate in some other countries, countries in which investors would like to get better returns for their money. <br /><br />This is a very long comment. Feel free to share it with people in the forum. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-1158562660563669192010-11-08T10:35:36.229+08:002010-11-08T10:35:36.229+08:00Haha,
d.o.g. is "the one" at valuebuddi...Haha,<br /><br />d.o.g. is "the one" at valuebuddies for FA<br /><br />Just like Eagle is "the one" at CNA forums for TA.JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-5250592099846123314.post-86792004867990686482010-11-08T06:12:56.833+08:002010-11-08T06:12:56.833+08:00i probably learn the hard way that it never pays t...i probably learn the hard way that it never pays to go against d.o.g<br /><br />still feel growth and stability such as china mobile is a better prospect<br /><br />Drizzt<br /><a href="http://www.investmentmoats.com" rel="nofollow">Investment Moats.com</a>Kyithhttps://www.blogger.com/profile/07617228143744544821noreply@blogger.com