Mapletree Industrial Trust (MIT) was the top Singapore Exchange (SGX)-listed REIT acquired by institutional investors last week.
MIT is a Singapore-heavy high-tech industrial REIT that also owns a portfolio of assets in Japan and the US.
Besides high-tech industrial buildings, the REIT also owns several data centres, business park assets, and flatted factories.
Related: ARA H-Trust sees SGD46.1 million inflow of institutional funds
During the trading period that began on 15 July, MIT saw an SGD12.8 million net inflow of institutional funds.
The net inflow of institutional funds into MIT came in the wake of news that the Singapore government would boost the country’s infrastructure to support the presence of more semiconductor giants.
These measures have raised expectations that the country will remain conducive as a destination of choice for high-tech companies.
Besides MIT, Suntec REIT and CapitaLand Ascendas REIT also saw net inflows of institutional funds.
MIT’s sister REIT, Mapletree Pan Asia Commercial Trust (MPACT), also saw an SGD7.1 million net inflow.
| Top 10 Institution Net Buy (+) Stocks (SGD M) | Week of 15 July 2024 | Top 10 Institution Net Sell (-) Stocks (SGD M) | Week of 15 July 2024 |
|---|---|---|---|
| Singtel | 73.6 | DBS | (171.9) |
| Thai Beverage | 13.6 | SIA | (29.9) |
| Mapletree Industrial Trust | 12.8 | Jardine Cycle & Carriage | (14.4) |
| Suntec REIT | 11.0 | Sembcorp Industries | (12.9) |
| CapitaLand Ascendas REIT | 10.1 | OCBC | (12.5) |
| SGX | 9.2 | Genting Singapore | (8.3) |
| Mapletree Pan Asia Commercial Trust | 7.1 | Keppel | (8.1) |
| ST Engineering | 7.0 | CapitaLand Investment | (8.0) |
| Seatrium | 6.0 | UOB | (7.7) |
| Hongkong Land | 5.3 | Wilmar International | (7.0) |
Source: Singapore Exchange
During the week, the stock of local telco Singtel was the top choice among institutional investors.
It saw an SGD73.6 million net inflow of institutional funds.
There were no REITs in the list of top 10 SGX-listed securities disposed of by institutional investors during the week.
| Top 10 Retail Net Buy (+) Stocks (SGD M) | Week of 15 July 2024 | Top 10 Retail Net Sell (-) Stocks (SGD M) | Week of 15 July 2024 |
|---|---|---|---|
| DBS | 149.5 | Singtel | (69.8) |
| OCBC | 28.6 | SATS | (10.2) |
| SIA | 21.7 | SGX | (10.0) |
| Sembcorp Industries | 21.1 | Thai Beverage | (9.5) |
| Jardine Cycle & Carriage | 15.4 | Suntec REIT | (9.4) |
| Wilmar International | 9.6 | UOB | (8.0) |
| Keppel | 9.2 | ST Engineering | (7.7) |
| Genting Singapore | 8.9 | Mapletree Industrial Trust | (3.6) |
| Frencken Group | 8.3 | Frasers Logistics & Commercial Trust | (3.0) |
| CapitaLand Investment | 5.9 | Mapletree Logistics Trust | (2.6) |
Source: Singapore Exchange
On the other hand, Suntec REIT was the top REIT disposed of by retail investors during the week.
It saw an SGD9.4 million net outflow of retail funds.
Also seeing a net outflow of retail funds was MIT, with an SGD3.6 million rout.
Accordingly, logistics REIT Mapletree Logistics Trust (MLT) and Frasers Logistics & Commercial Trust (FLCT) collectively saw an SGD5.6 million outflow of retail funds.
Overall there was an SGD153.6 million net outflow of institutional funds from SGX-listed stocks during the week.
This represents a reversal from the SGD180.6 million net inflow seen in the week prior.
On the other hand, there was an SGD201.8 million net inflow of retail funds into SGX-listed stocks during the week.
This is also a reversal from the SGD313.1 million net outflow of retail funds seen in the week prior.
MIT was last done on the SGX at SGD2.28, which presently implies a distribution yield of 5.89% according to data on the Singapore REITs table.
[else]Dear members, please login to continue reading this article.
Login or sign-up for a free 25-day trial here. Why subscribe?
[/s2If]