webmaster

APEX looks Ready... to Breakout above P3.25 soon APX : 2.86 -0.08, -2.72%

REIT Dashboard, 01.17.24 4stk Areit: Mreit: RCR: Filrt: Last 34.05: 13.46: 5.25: 3.11: Div. P2.20: .984 : .391: .284 Yld: 6.46%:7.31%:7.45%:9.13% 4Ave.= 7.59%, 6Ave=8.57% Ph10yr: 6.23%, 5yr: 5.99% +VREIT : 1.73, .158, 9.13% (N/A +Ddmpr: 1.26, .101, 8.01% (N/A TLT, : TYX = US,LT: Prem. $94.82, 43.03=-4.30: 3.29% prev.4.38% 4 New FAVS: AR-, DDmpr, MR-, RCR vs. TLT (blue) REIT Dashboard, 01.17.24 4new Areit: Mreit: RCR:ddmpr: Last 34.05: 13.46: 5.25: 1.26: Div. P2.20: .984 : .391: .101 Yld: 6.46%:7.31%:7.45%:8.01% 4Ave.= 7.31%, 6Ave=8.57% Ph10yr: 6.23%, 5yr: 5.99% TLT, : TYX = US,LT: Prem. $94.82, 43.03=-4.30: 3.01% With Phl.10yr Yields at 6.23%, you can get a 1.35% premium investing in the Old Four REITS ("4stks"), and a 3.29% premium to the US- TYX yield. NOT as good as before, but decent. Right now, I might choose DDMPR over FILRT, and maybe slightly underinvest in AReit, await a pullback below resistance near P34. The average Yield on the New list of 4 ("4new") is lower, because FILRT was swapped for DDMPR.

As US rates rise, Phl. 10yr at 6.23%, so not much changed. 5yr as at 5.99% Exceptional REIT is MREIT: 13.50 +0.18, +1.35% RCR : 5.27, unch., stalled today, but has been rising

HK10, vs. 3rd largest Phl. Developer (MEG-$) MGAWY ($7.47) x55.9= 417.6 (MEG: 1.98) / HK10: 10.14 vs.TLT: $96.52= 10.50% MEG -etc: 2020: ytd: 10d/ HK10: 10.14 / MEG: 1.98= R-5.12x

MARC to APX, is getting cheap again MARC, shorter term: MARC (0.93) / APX (2.94)= 31.6% vs. UGL($62.55 ) 4.70% Time : Marc: APX : Ratio : UGL: A-/Ugl : Ye’22 : 1.20 : 1.85 : 64.9%: 54.78: 3.38%: 8.24- : 0.66 : 2.70: 24.4%: 57.17: 4.72%: 8.30- : 0.75 : 2.70 : 27.8%: 58.79: 4.59%: Ye’23 : 1.08 : 3.00 : 36.0%: 63.87: 4.70%: 1.16.24: 0.93 : 2.94 : 31.6%: 62.55: 4.70%: Target? 0.90 : 3.25 : 27.7%: $64? : 5.08%? MARC (0.87) slid on THU to as low as 0.86

HK10 (10.20) vs TLT ($96.52) = 7.0%, HK1 ($40.45, 4.06x), HSI (15,886) HK10- All: $10.20 HK1: CK Hutchison Holdings Ltd. : 2yr: Last; $40.70 : 2yr: Last; $40.70

Julie Kelly to Seb Gorka: "Their Jan6th Narrative is CRUMBLING" Arguably, there are no two investigative J6 reporters who have had a stronger and more impactful influence than Revolver’s very own Darren Beattie and Julie Kelly. These two individuals have reshaped the landscape of reporting on this issue. Powerhouse J6 reporters stun Seb Gorka with insider details on two major players… https://revolver.news/2024/01/powerhouse-j6-reporters-stun-seb-gorka-with-insider-deets-on-two-major-players/

ELURIA : “Arthaland has a 60% interest in the project while ARCH Capital (or its client, NARRA?) has a 40% stake,” Sheryll P. Verano, Arthaland’s senior vice-president for strategic funding and investments, said the project is being built in partnership with real estate private equity investment company ARCH Capital ?? ( ARCH buying for a client? ) Upscale property developer Arthaland Corp. has raised P516 million from the sale of a 40-percent stake in two real estate subsidiaries to a unit of international real estate fund and asset manager Arch Capital Management Co. Ltd. Arthaland has also consolidated its interest in Cebu Lavana Land Corp. (CLLC), a subsidiary that owns two parcels of adjacent land in Cebu City where office property complex Cebu Exchange was built on. Arthaland sold a 40-percent stake in Bhavana Properties Inc. and Bhavya Properties Inc. to Singapore-based Narra Investment Properties Pte. Ltd., which is managed by Arch Capital. Read more: https://business.inquirer.net/337574/arthaland-sells-40-stake-in-2-real-estate-subsidiaries#ixzz8OrGbk16S Oct 27, 2023 — Arthaland owns 60% of Bhavya Properties while the remaining 40% is owned by Singapore-based Narra Investment Properties Pte. Ltd. ... 1 / In a series of deals, Arthaland, led by the Po family, sold 40 percent of its shareholdings in Bhavya Properties Inc. and Bhavana Properties Inc. to Narra Investment Properties Pte. Ltd. Its deal with Bhavya involves the sale of its 10 million common shares at P1 apiece and, also, Arthaland’s shareholder advances worth P258 million, which include the accrued interest on principal balance. Bhavya was incorporated on July 19, 2019, with the primary purpose of engaging in the realty development business. This is the investment vehicle used by the corporation to acquire a 916-square meter property in Legazpi Village in Makati, which will be the site of a low-density, multi-certified, ultra-luxury development. The company expects to formally launch this project within the first quarter next year. Narra is a private limited liability company based in Singapore, and managed by Arch Capital Management Company Ltd, a Hong Kong-based private equity fund set up to pursue investments in Asian property markets, which are in strong growth phases such as China, India and Thailand. Narra is a private limited liability company based in Singapore, and managed by Arch Capital Management Company Ltd, a Hong Kong-based private equity fund set up to pursue investments in Asian property markets, which are in strong growth phases such as China, India and Thailand. 2 / LISTED property developer Arthaland Corp. is set to acquire shares in Bhavya Properties, Inc. to increase the latter’s working capital for the completion of a residential condominium project in Makati City. In a regulatory filing on Thursday, Arthaland said it would subscribe to Bhavya Properties’ preferred shares amounting to 663,000, which will come from its unissued authorized capital stock. Arthaland owns 60% of Bhavya Properties while the remaining 40% is owned by Singapore-based Narra Investment Properties Pte. Ltd*. The subscription, which is set on Nov. 10, is priced at P100 per share totaling P66.30 million. Bhavya Properties is currently developing the Eluria residential condo project in Legaspi Village, Makati City. “Bhavya Properties will leverage on the additional equity to fund Eluria’s working capital requirements until its scheduled project completion in 2025, while ensuring compliance with all its financial covenants. Narra will also subscribe to Bhavya Properties’ preferred shares to the extent of 442,000,” Arthaland said. ( Initially, I confused Narra Properties, with another NARRA, a Venture Capital firm, in which Ayala Corp., and PJ Lhulier, among others, hold a stake ) *NARRA PROPERTIES INVESTMENT PTE. LTD. is ACRA -registered entity that has been operating for 2 years in Singapore since its incorporation in 2021.

Though Eluria just broke ground in November 2022, eleven of its 37 units have already been sold, including the sole Penthouse Suite. The project is expected to be completed in the second quarter of 2026. (11 / 37= 30% SOLD already) ELURIA : US$2.6M for 288 sq: xP56 = P145.6M / ( 3,100 sqft / 10.76 = 288 sqm) = P505 per sq.m. “The main features of Eluria are, one, the hospitality directors and their personalized level of service, and two, the sustainability,” said Oliver L. Chan, Arthaland’s senior vice-president for sales, leasing, and marketing, at a media briefing on May 30. Eluria’s hospitality directors will train for ten weeks with the International Butler Academy in the Netherlands, famous for training butlers for royal families and high net-worth individuals. Arthaland to develop P6-B luxury residence in Makati ARTHALAND Corp. is developing a 31-storey luxury condominium in Makati City, which is expected to generate as much as P6 billion in sales. Located along Rada Street in Legazpi Village, Eluria features 37 limited edition units designed by Sydney-based architecture and interior design firm FMB Architects. Eluria’s hospitality directors will train for ten weeks with the International Butler Academy in the Netherlands, famous for training butlers for royal families and high net-worth individuals. Other amenities at Eluria will include a heated saltwater leisure and lap pool, an indoor children’s playroom, a function hall, a potager garden at the roof deck, and chauffeur shuttle services to select nearby destinations. The building will have eight parking levels, with each unit allowed three slots. > https://www.bworldonline.com/property/2023/06/06/526747/arthaland-to-develop-p6-b-luxury-residence-in-makati/

ELURIA : US$2.6M for 288 sq: xx

ELURIA, Luxury Living on RADA St. from Arthaland (60% owner, w/ SG partner) > see RADA chat ELURIA by Arthaland [32F | res / 7 months ago ELURIA. LEED, Multi-family residential. 157,756 "I was told this project will be ultra luxury; you cant just buy a unit here even if you have the means. The Arthaland owners/directors will be screening potential buyers." > #2: "The person I spoke to said that Arthaland views this as a more premium project than Arya. Of course, right now this might just be a marketing ploy by the developer and if sales dont pick up as planned, they might decide to loosen their restrictions. I think there has been a precedent of such practice with other condo developers, particularly Discovery Primea (from the top of my head)" >#3: 5 mo ago. How can this project be tagged ultra luxury?? by location itself it doesn't even have a good view and spacing like those in rockwell projects.. its not even facing a major boulevard or a park. >#4: Probably they will make up for it in exclusivity (large unit sizes and low number of units per floor), high quality finishes inside and out, and the aforementioned concierge service. Its close enough to Legaspi Park but the issue is how close it is to the neighboring tower on the side / My arya agent, showed the project to me. 2 units per floor, luxury finish with a dedicated butler. : "white glove service" > https://www.skyscrapercity.com/threads/eluria-by-arthaland-32f-res-pro.2303132/ Partnership: Executed JV Agreements with Arch Capital of Hong Kong for Lucima and Eluria

Relatively weak, relatively cheap ALCO (0.420) vs. LAND (0.77, 183%) / PSEI (6,677) = 0.62% /100

Bannons War Room x Bannons War Room ; Harnwell reports that the anti-Zelensky US journalist Gonzalo Lira has died in a Ukrainian Prison https://rumble.com/v46ss3x-harnwell-on-reports-that-the-anti-zelensky-us-journalist-gonzalo-lira-has-d.html

ARIS (C$4.46) could experience a melt-up $6 and higher

MUX is cheap, as we head into Jan Option expiry week MUX, 2023: $6.73 +2.3% /UGL ($62.55 +1.8%) =10.8%, GDX (29.70, +2.8%), CU ($3.74) Ratio1 : $6.73 /UGL ($62.55) =10.76% Ratio2: $6.73 /Copper ($3.74) =1.80x COPPER, Last $3.74 Copper toGold: Last 0.182%

Kim Iversen @KimIversenShow · Follow I have received an email from @GonzaloLira1968's father. Gonzalo Lira is dead. He died in a hospital in Kharkiv between 11-12 pm Ukraine time yesterday January 11th, 2024. The US government allowed an American YouTuber to be arrested by Ukraine and neglected to the point of… Show more

VERY SAD. R.I.P, Gonzalo Breaking. ‘Gonzalo Lira has died in a Ukrainian prison.’ Tucker confirms story with Gonzalo’s father. American Journalist and Political Prisoner Gonzalo Lira, Known for Criticism of the Zelensky and Biden Regimes, Dies in Ukrainian Prison: Report https://www.thegatewaypundit.com/2024/01/were-next-gonzalo-lira-reported-dead-55-ukrainian/

PSEI versus TLT Bonds & RCR, as a REIT benchmark ( Note: my MODE: portfolio has moved far way from the Original "Starter Portfolio", recently towards Div.-paying stocks.) PSEI (6,643) vs. TLT ($96.52) and RCR (P5.15) Vs. All Time Highs: P: -26.7% v 9,059, T: -43.5% v $171, R: -41.8% v P8.85 REIT stocks (on average) have broken their long downtrend, and I am now in profit on 4 of my 6 REIT Holdings.

PSEI (6,643) vs. TLT ($96.52) and RCR (P5.15) Vs. All Time Highs: P: -26.7% v 9,059, T: -43.5% v $171, R: -41.8% v P8.85 REIT stocks (on average) have broken their long downtrend, and I am now in profit on 4 of my 6 REIT Holdings. Total PHL Model Portfolio hit a new All Time High yesterday, beating the PSEI by an average of 11.5% per annum over the last 4-5 years.

PSEI versus TLT Bonds & RCR, as a REIT benchmark PSEI (6,643) vs. TLT ($96.52) and RCR (P5.15) Vs. All Time Highs: P: -26.7% v 9,059, T: -43.5% v $171, R: -41.8% v P8.85 REIT stocks (on average) have broken their long downtrend, and I am now in profit on 4 of my 6 REIT Holdings.

PSEI (6,643) vs. TLT ($96.52) and RCR (P5.15) Vs. All Time Highs: P: -26.7% v 9,059, T: -43.5% v $171, R: -41.8% v P8.85 REIT stocks (on average) have broken their long downtrend, and I am now in profit on 4 of my 6 REIT Holdings. Total PHL Model Portfolio hit a new All Time High yesterday, beating the PSEI by an average of 11.5% per annum over the last 4-5 years.

First Quantum's shut Panama copper mine to present initial preservation plan PANAMA CITY - The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on January 16, according to a statement, after its project was ordered closed last year.The Cobre Panama project, one of the world's largest open-pit copper mines, was forced to shut down after Panama's top court ruled that its contract was unconstitutional, following nationwide protests opposed to its continued operation.

VULNERABILITIES and a Possible BITCOIN FUTURE Based on the Three Vulnerabilities described below, we may see this Future for BTC... BTC’s possible Future: A . Competing new crypto will be "issued" or created by Central banks. Cloning many of the features of BTC. It will be superior because it will have the full support of CB’s B . Step by step, maybe slowly the screws will tighten, and it will be harder and harder to use BTC and other Crypto in the USA. Maybe even for trivial amounts. (BTC might continue as a store of value backing etfs or some institutional “wealth”. But BTC may stop being used as a medium of exchange C . To accelerate the move to the CB crypto, an oppressive regulatory regime may start tracking every transaction over a certain size, and discovering who controls large pools of BTC. FINAL RESULT, the Trap closes. People got used to crypto, but find they can practically only use the CB sponsored version. ( You might say I am a “conspiracy theorist” for putting this forward. I am not saying it will happen. or even that the drift in this direction is being engineered by some nefarious person or group. But it remains a real possibility, and is something to fear. The moves we are seeing seem to increase the risk of it happening.) === Three Vulnerabilities... a) Bitcoin can be easily cloned because "it is only software", and a Version 2 competitor can be created at any time. Or developed gradually through evolution under strong institutional or governmental sponsorship b) To limit competition for their own currencies, governments can ban it, tax it heavily, or restrict its usage in a way that could strangle Bitcoin usage and harm its potential value as a store of wealth c) bitcoin users can be identified and targeted because their transactions are "on the ledger". That will limit the appeal of bitcoin to potential users who may prefer more anonymity

CRYPTO: BIG selloff in yesterday, as BTC etfs are approved BITO-etc. Last: $46.1k = $22.33 -6.3%, $13.09 -23.1%, $4.06 -14.9%, $22.40 -17.9% Vs DayH: $49k, 23.83, R:$17.02, 4.77, 27.29 S

EQX, last: $4.58