1) LKS + pte investors owns 43% of Office Towers + Spore Intl Convention & Exhibition Ctr. thru their pte co.

2) Suntec Reits owns balance 57% of Office Towers + 100% Shopping Mall + Park Mall + Chjms + 1 Raffles Quay.

3) Recently Suntec Reits bought 25% of the Convention & Exh Ctr.

in 2011 with loan amount of $532.5 million. Suntec has no near term refinancing concern. It hasThe next loan maturity isThe current gearing is 34%.

Valuation & recommendation.

time to pick up following the nation’s exit from recession in the last quarter. We make

no changes to our assumptions and have a FY09F DPU forecast of 10.05 cents

which translates to a dividend yield of 9.5%. Fair value remains unchanged at $0.94

and retain our Hold recommendation

 

juz keep on moving strong ~We believe that demand for office space will take

Unlikely scenario; may be at the beginning of IR opening, curiosity and publicity will pull a mad crowd to Marina, but after the excitement dies down, it will be 'each managing its own territory'.  Marina IR, Suntec City and Orchard will have its own target customers.

how will they flock?  fly is it?? - transportation linkages to IR are poor - whereas 2 Circle line stations will be opened , serving Suntec City, in 2010 - Promenade and Esplanade.
Suntec's Convention business will also benefit from the new stations 

Suntec Last done: 1.09 up 3c.

IF you said Suntec City will become a ghost town, then what will happen to Orchard Rd or Bugis Junc ? Highly unlikely scenario! The whole vicinity will boom n boom !

Their YE 30.9.09, 4Q (Jul to Sep09) announce on Fri 30 Oct 09 after hours. Expect bumper div again - one of the top yield Reits with strong bal sheet + prime assets. Once Casino starts, the whole Marina Bay area will be a gold mine (in less few mths time). IF ParkMall @ Dhoby G can be redevelopment into a super-luxurious Commercial cum Residential apt like Ion Orchard imagine the value creation!.