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Top Stock Market Highlights of the Week: Singapore REITs Crash, Property Cooling Measures and Grab’s Investor Day

Top Stock Market Highlights of the Week: Singapore REITs Crash, Property Cooling Measures and Grab’s Investor Day

本周股市亮点:新加坡房地产投资信托基金崩盘、房地产降温措施和Grab投资者日
Yahoo Finance ·  2022/09/30 21:45

Welcome to this week's edition of stock market highlights where we bring you snippets of information from news events and corporate announcements.

欢迎收看本周的股市集锦,我们将为您带来新闻事件和公司公告的信息片段。

Singapore REITs crash

新加坡房地产投资信托基金崩盘

The Singapore REIT (S-REIT) sector has been under pressure this year due to a combination of high inflation and rising interest rates.

由于高通胀和利率上升,新加坡房地产投资信托基金(S-REIT)部门今年一直面临压力。

The US Federal Reserve recently raised its benchmark policy rate by 0.75 percentage points, the third consecutive round of increases of this magnitude.

美联储(Fed)最近将基准政策利率上调0.75个百分点,这是美联储连续第三轮如此幅度的加息。

The US policy rate now stands in the range of between 3% and 3.25%, and Federal Reserve chairman Jerome Powell has reiterated the central bank's tough stance of raising rates further to quell inflation and bring it back to 2%.

美国政策利率目前在3%至3.25%之间,美联储主席杰罗姆·鲍威尔重申了央行进一步加息以平息通胀并使其回到2%的强硬立场。

As a result of this hawkish tone, many REITs have plunged to their 52-week lows.

由于这种鹰派基调,许多REITs已跌至52周低点。

Data centre REIT Keppel DC REIT (SGX: AJBU) hit a year-low of S$1.64, down 33.6%.

数据中心房地产投资信托基金吉宝DC REIT新加坡交易所股票代码:AJBU触及1.64新元的年内低点,跌幅为33.6%。

REITs with foreign properties, such as Elite Commercial REIT (SGX: MXNU) and Prime US REIT (SGX: OXMU) have also plunged by 40.5% and 31.3%, respectively, to their 52-week lows.

具有外国性质的REITs,例如精英商业房地产投资信托基金(新交所股票代码:MXNU)和优质美国房地产投资信托基金(新加坡证券交易所股票代码:OXMU)也分别暴跌40.5%和31.3%,至52周低点。

Even REITs with strong sponsors such as Mapletree Logistics Trust (SGX: M44U), or MLT, and Frasers Logistics & Commercial Trust (SGX: BUOU), or FLCT, were not spared.

即使是拥有强大发起人的REITs,如丰树物流信托基金(SGX:M44U),或MLT,以及弗雷泽物流与商业信托公司(SGX:BUOU),或FLCT,也没有幸免。

MLT has fallen by 19% year to date while FLCT has slid by 21% over the same period.

今年到目前为止,MLT下降了19%,而对外汉语教学同期下降了21%。

And there could be more pain to come for the sector as expectations are for further rate hikes.

而且,由于对进一步加息的预期,该行业可能会面临更多痛苦。

Investors should focus on tenant quality and diversification and also keep an eye on the REI's cost of debt to see if distribution per unit could be adversely impacted.

投资者应关注租户质量和多元化,并密切关注REI的债务成本,看看每单位的分配是否会受到不利影响。

New property cooling measures

新物业降温措施

The Singapore government surprised the market by releasing a new set of property cooling measures close to midnight on 30 September.

新加坡政府在接近9月30日午夜时发布了一套新的房地产降温措施,令市场感到意外。

The last round of cooling measures was introduced just nine months ago in December 2021.

上一轮降温措施是在9个月前,即2021年12月推出的。

Earlier in September, the Straits Times reported that HDB resale prices had risen for the 26th straight month in August, with a total of 33 million-dollar flats sold.

9月初,《海峡时报》报道称,住房和城市发展局的转售价格已经上涨,这是8月份,总共售出了3300万美元的公寓。

This news probably alluded to the bullishness in the property market at a time when interest rates were rising sharply.

这一消息可能暗示了利率大幅上升之际房地产市场的乐观情绪。

For the latest measures, the loan-to-value (LTV) limit for HDB loans was lowered from the current 85% to 80%.

在最新的措施中,建屋发展局贷款的按揭上限由目前的85%降至80%。

Also, with interest rates rising rapidly, the government is concerned that borrowers may see their repayment ability affected.

此外,随着利率的快速上升,政府担心借款人可能会看到自己的偿还能力受到影响。

Hence, the medium-term interest rate floor used to compute the total debt-servicing ratio (TDSR) and mortgage servicing ratio will be raised by 0.5 percentage points.

因此,用于计算总偿债比率(TDSR)和抵押贷款偿还比率的中期利率下限将上调0.5个百分点。

For residential properties, the assumed interest rate is now 4% (up from 3.5%) while non-residential properties will use 5% now, up from 4.5% previously.

对于住宅物业,假设利率现在为4%(高于3.5%),而非住宅物业现在将使用5%,高于之前的4.5%。

For HDB flats, a new floor rate of 3% will be used for computing the eligible loan amount to prevent borrowers from overstretching.

至于房屋及建屋局单位,则以3%的新下限利率计算合资格的贷款额,以防止借款人负担过重。

However, the actual interest rates charged on mortgages will still be determined by private financial institutions such as local banks and finance companies.

然而,实际收取的按揭利率仍将由本地银行和财务公司等私人金融机构决定。

These measures will reduce the maximum amount that can be borrowed from HDB.

这些措施将降低可以从建屋发展银行借入的最高金额。

To tackle the sustained demand for HDB resale flats, the government will impose a 15-month wait-out period for private homeowners before they can purchase an HDB resale flat.

为应付房屋及建屋转售单位的持续需求,政府将为私人业主设定15个月的轮候期,让他们可以购买组屋重售单位。

The announcement did mention that this is a temporary move to reduce hot demand for resale flats that will be reviewed in future.

公告确实提到,这是一项临时举措,以减少未来将进行审查的转售单位的旺盛需求。

Grab Holdings (NASDAQ: GRAB)

Grab Holdings(纳斯达克:Grab)

Grab recently held its inaugural Investor Day where management clearly outlined its growth initiatives and objectives for attaining profitability.

Grab最近举行了首届投资者日,管理层在会上明确阐述了实现盈利的增长举措和目标。

Chief Operating Officer Alex Hungate detailed three focus areas for the company.

首席运营官亚历克斯·亨盖特详细介绍了公司的三个重点领域。

The first is to solidify its leadership position by working closely with consumers and partners, the second is to build an efficient platform, and the last is to develop financial services capabilities to serve its customer base.

首先是通过与消费者和合作伙伴的密切合作来巩固其领先地位,其次是搭建高效的平台,最后是发展金融服务能力,服务于其客户基础。

There are several strategic initiatives tied to the above, including growing GrabUnlimited subscriptions, pushing on with its Groceries strategy, and tapping on partnerships to build its ecosystem.

有几个与上述相关的战略举措,包括增加Grab无限订阅,推进其食品杂货战略,以及利用合作伙伴关系建立其生态系统。

Grab has partnered with Coca-Cola (NYSE: KO) to unlock fresh growth opportunities and also collaborated with Starbucks (NASDAQ: SBUX) in six markets within Southeast Asia across multiple services.

Grab已经与可口可乐(纽约证券交易所代码:KO)释放新的增长机会,并与星巴克(纳斯达克股票代码:SBUX)在东南亚六个市场提供多项服务。

The aim is to eventually port over all merchants' marketing onto a unified platform that includes advertisements.

其目标是最终将所有商家的营销转移到一个包括广告的统一平台上。

Meanwhile, Grab's digital bank initiative is expected to break even in 2026.

与此同时,Grab的数字银行计划预计将在2026年实现盈亏平衡。

Grab, along with partner Singtel (SGX: Z74), launched GXS Bank earlier last month along with its first saving product.

与合作伙伴一起抢夺新加坡电信(SGX:Z74),上个月早些时候推出了GXS银行及其首个储蓄产品。

The company plans to launch its digital bank in Malaysia and Indonesia in 2023, with losses expected to peak next year.

该公司计划于2023年在马来西亚和印度尼西亚推出数字银行,预计明年亏损将达到峰值。

Taken together, Grab expects to chalk up 45% to 55% year on year revenue growth for 2023 and achieve breakeven at the EBITDA (earnings before interest, taxes, depreciation and amortisation) level by the second half of 2024.

总而言之,Grab预计2023年收入同比增长45%至55%,到2024年下半年实现EBITDA(扣除利息、税项、折旧和摊销前的收益)水平的盈亏平衡。

Looking for investment opportunities in 2022 and beyond? In our latest special FREE report "Top 9 Dividend Stocks for 2022", we're revealing 3 groups of stocks that are set to deliver mouth-watering dividends in the coming year.

寻找2022年及以后的投资机会?在我们最新的特别免费报告“2022年9大股息股”中,我们披露了3组将在来年提供令人垂涎的股息的股票。

Our safe-harbour stocks are a set of blue-chip companies that have been able to hold their own and deliver steady dividends. Growth accelerators stocks are enterprising businesses poised to continue their growth.  And finally, the pandemic surprises are the unexpected winners of the pandemic.

我们的安全港股票是一批能够守住自己并稳定派发股息的蓝筹公司。增长加速器类股有进取心的企业准备继续增长。最后,大流行带来的惊喜是这场大流行的意外赢家。

Want to know more? Click HERE to download for free now!

想知道更多吗?点击这里,立即免费下载!

Follow us on Facebook and Telegram for the latest investing news and analyses!

在Facebook和Telegram上关注我们,了解最新的投资新闻和分析!

Disclaimer: Royston Yang owns shares of Starbucks, Keppel DC REIT and Frasers Logistics & Commercial Trust.

免责声明:Royston Yang拥有星巴克、吉宝房地产投资信托基金和星狮物流与商业信托基金的股份。

The post Top Stock Market Highlights of the Week: Singapore REITs Crash, Property Cooling Measures and Grab's Investor Day appeared first on The Smart Investor.

本周最热门的股市亮点:新加坡房地产投资信托基金崩盘、房地产降温措施和Grab投资者日首先出现在Smart Investor上。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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