BHG Retail REIT
Market Cap
S$286.6m
Last Updated
2021/03/03 11:05 UTC
Data Sources
Company Financials
Executive Summary
BHG Retail REIT is the first pure-play China Retail REIT sponsored by a leading China integrated retail group. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value unattractive dividend payer.
Share Price & News
How has BHG Retail REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BMGU is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: BMGU's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
0%
BMGU
-0.1%
SG REITs
1.7%
SG Market
1 Year Return
-9.7%
BMGU
-9.7%
SG REITs
-3.7%
SG Market
Return vs Industry: BMGU matched the SG REITs industry which returned -9.7% over the past year.
Return vs Market: BMGU underperformed the SG Market which returned -3.7% over the past year.
Shareholder returns
| BMGU | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.1% | 1.7% |
| 30 Day | -0.9% | -4.0% | 1.7% |
| 90 Day | -5.1% | 0.8% | 6.4% |
| 1 Year | -5.4%-9.7% | -5.1%-9.7% | 1.4%-3.7% |
| 3 Year | -16.0%-30.0% | 18.1%-1.5% | -7.7%-19.1% |
| 5 Year | -6.8%-30.9% | 47.4%8.9% | 17.9%-3.7% |
Long-Term Price Volatility Vs. Market
How volatile is BHG Retail REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is BHG Retail REIT (SGX:BMGU) Popular Amongst Insiders?2 months ago | Simply Wall St
BHG Retail REIT (SGX:BMGU) Shareholders Received A Total Return Of Negative 9.8% In The Last Five Years4 months ago | Simply Wall St
How Much Of BHG Retail REIT (SGX:BMGU) Do Insiders Own?Valuation
Is BHG Retail REIT undervalued compared to its fair value and its price relative to the market?
27.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BMGU (SGD0.56) is trading below our estimate of fair value (SGD0.77)
Significantly Below Fair Value: BMGU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BMGU is unprofitable, so we can't compare its PE Ratio to the SG REITs industry average.
PE vs Market: BMGU is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BMGU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BMGU is good value based on its PB Ratio (0.7x) compared to the SG REITs industry average (0.9x).
Next Steps
Future Growth
How is BHG Retail REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
29.3%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BHG Retail REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether BHG Retail REIT is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- BHG Retail REIT competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has BHG Retail REIT performed over the past 5 years?
-19.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMGU is currently unprofitable.
Growing Profit Margin: BMGU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BMGU is unprofitable, and losses have increased over the past 5 years at a rate of 19.7% per year.
Accelerating Growth: Unable to compare BMGU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BMGU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-29.3%).
Return on Equity
High ROE: BMGU has a negative Return on Equity (0.61%), as it is currently unprofitable.
Next Steps
Financial Health
How is BHG Retail REIT's financial position?
Financial Position Analysis
Short Term Liabilities: BMGU's short term assets (SGD51.2M) exceed its short term liabilities (SGD49.6M).
Long Term Liabilities: BMGU's short term assets (SGD51.2M) do not cover its long term liabilities (SGD333.2M).
Debt to Equity History and Analysis
Debt Level: BMGU's debt to equity ratio (48.2%) is considered high.
Reducing Debt: BMGU's debt to equity ratio has increased from 40.7% to 48.2% over the past 5 years.
Debt Coverage: BMGU's debt is not well covered by operating cash flow (7%).
Interest Coverage: BMGU is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is BHG Retail REIT current dividend yield, its reliability and sustainability?
3.79%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BMGU's dividend (3.79%) is higher than the bottom 25% of dividend payers in the SG market (2%).
High Dividend: BMGU's dividend (3.79%) is low compared to the top 25% of dividend payers in the SG market (4.71%).
Stability and Growth of Payments
Stable Dividend: BMGU has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BMGU has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59%), BMGU's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Iz-Lynn Chan
no data
Tenure
Ms. Iz-Lynn Chan serves as Chief Executive Officer and Head of Investor Relations - BHG Retail Trust Management Pte Ltd at BHG Retail REIT. Ms. Chan has 20 years' experience in the real estate and service ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Head of Investor Relations & CEO of BHG Retail Trust Management Pte Ltd | no data | no data | no data | |
| Chief Financial Officer of BHG Retail Trust Management Pte Ltd | 3.17yrs | no data | no data | |
| Investment & Asset Management Manager of BHG Retail Trust Management Pte Ltd | 3.17yrs | no data | no data | |
| Senior Compliance Manager of BHG Retail Trust Management Pte. Ltd. | 2.17yrs | no data | no data | |
| Company Secretary of BHG Retail Trust Management Pte Ltd | 3.75yrs | no data | no data |
3.2yrs
Average Tenure
Experienced Management: BMGU's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director of BHG Retail Trust Management Pte Ltd | 6.08yrs | S$87.00k | no data | |
| Independent Director of BHG Retail Trust Management Pte Ltd | 5.33yrs | S$85.00k | 0.073% SGD 210.0k | |
| Independent Chairman of the Board of BHG Retail Trust Management Pte Ltd | 5.33yrs | S$98.00k | no data | |
| Non-Executive Director of BHG Retail Trust Management Pte Ltd | 5.33yrs | no data | 0.024% SGD 70.0k | |
| Non-Executive Director of BHG Retail Trust Management Pte Ltd | 5.33yrs | no data | 0.024% SGD 70.0k |
5.3yrs
Average Tenure
48yo
Average Age
Experienced Board: BMGU's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BHG Retail REIT's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BHG Retail REIT
- Ticker: BMGU
- Exchange: SGX
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$286.562m
- Shares outstanding: 511.72m
- Website: https://www.bhgreit.com
Location
- BHG Retail REIT
- 250 North Bridge Road
- #32-01/04 Raffles City Tower
- Singapore
- 179101
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BMGU | SGX (Singapore Exchange) | Yes | Units | SG | SGD | Dec 2015 |
Biography
BHG Retail REIT is the first pure-play China Retail REIT sponsored by a leading China integrated retail group. The REIT was listed on the Main Board of the Singapore Exchange Securities Trading Limited on ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 11:05 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.