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SpH reits
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teeth53
Supreme |
23-Jul-2013 19:35
Yells: "don't learn through life, learn to grow with life " |
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 SPHREIT_Balloting_Announcement_23July2013.pdf
http://infopub.sgx.com/FileOpen/SPHREIT_Balloting_Announcement_23July2013.ashx?App=Announcement& FileID=248867 |
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ShareWithMe
Veteran |
23-Jul-2013 19:31
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Bid 21 lots, get NONE !! | ||
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teeth53
Supreme |
23-Jul-2013 17:44
Yells: "don't learn through life, learn to grow with life " |
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Today REIT's performance green green...huat...arhh. Tml SPH REIT's...tua huat...arhh http://sgx.com/wps/portal/sgxweb/home/marketinfo/securities/reits |
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teeth53
Supreme |
22-Jul-2013 13:34
Yells: "don't learn through life, learn to grow with life " |
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Look@changi Airport arrival n look@tourist arrival, Hot hot Singapore, very hot liao. OUE H-Trust...Huat ARHH. SPH REIT's...rich clients and parent and a rich brand name. " so it remains Singapore focused"
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teeth53
Supreme |
22-Jul-2013 13:26
Yells: "don't learn through life, learn to grow with life " |
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Whao...today all reit is going strong, most is in dollar range. some as strong as a bull n most collecting good CD. http://sgx.com/wps/portal/sgxweb/home/marketinfo/securities/reits
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Kensonic77
Veteran |
22-Jul-2013 13:14
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SPH REIT: Grants over-allotment option for IPO. Holdings (SPH), has granted an over-allotment option for its IPO for any necessary stabilising action to be taken related to the unit price. The number of units available under the over-allotment option is 56m, representing 18.1% of the offering of 308.9m units for SPH REIT, which will list with Paragon and Clementi Mall in its initial portfolio. Credit Suisse, the manager of the REIT, can buy up to all the units available under the over-allotment option at the offering
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john_ric
Senior |
22-Jul-2013 11:08
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sph reit - can use cpf. oue reit - cannot use cpf. may be there is a hidden message. btw, other hospitality reits are currently doing badly. |
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Octavia
Elite |
22-Jul-2013 09:26
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According to a unrated rpt by UOB Kay Hian, SPH Reit offers a forward yield of 5.8% in 2014F. Comparable retail S-REITs, such as CapitaMall Trust and Frasers Centrepoint Trust, are trading at forward yields of 5.4% and 5.5% respectively. At 5.4% and 5.5% forward yields, SPH REIT would be trading at $0.97 and $0.95 respectively. The institutional tranche was 42x subscribed ahead of the listing. Cornerstone investors including Great Eastern Life, Hong Leong Asset Management, Morgan Stanley Investment Management, Newton Investment Management and Norges Bank have committed to 10% of the units in issue. The initial portfolio consists of two high-quality retail assets, Paragon and Clementi Mall. SPH REIT’s mandate is to invest primarily in retail properties in Asia Pacific. Its conservative capital structure has low all-in financing cost of 2.35% for debt and a low initial gearing of 27%. This gives SPH Reit a debt headroom of $370m before reaching a gearing of 35%. SPH Reit's IPO is offered at $0.90 per unit and public offer ends today at 12pm, with a listing debut on 24 Jul, 2pm. | ||
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WanSiTong
Master |
22-Jul-2013 09:18
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institute investors more than 40 times over-subscribed since it announced the IPO.
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Octavia
Elite |
22-Jul-2013 08:53
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SPH REIT / OUE Hospitality: It is not possible to do a like-for-like comparison between the two Reits. End of day, the client has to make the judgment call. OUE H-Trust provides a higher 7.4% FY14e projected yield , vs SPH REIT's 5.8%. But this is balanced by: 1. Segment focus Note that OUE H-Trust's portfolio is skewed towards hospitality - a segment in which demand growth may have peaked out (after the novelty of the Integrated Resorts have worn out), although supply continues to expand (many new hotels in the pipeline). Meanwhile, SPH REIT's portfolio of shopping malls has shown resilience in occupancy and rentals (to some extent), even during the recent 2008 financial crisis. 2. Leasehold life OUE H-Trust assets have a remaining leasehold life of 43 yrs, vs SPH REIT's fresh 99yrs leaselife. 3. Pipeline OUE H-Trust has a pipeline of 1 Singapore hotel and 2 China hotels. The potential geographical diversification out of Singapore may warrant a higher risk premium. SPH REIT may inject Seletar Mall in future, so it remains Singapore focused . 4. Branding Anecdotal discussions suggest that SPH REIT has a strong retail following, in view of the SPH brand franchise. Not getting the same impression with regards the Lippo name. |
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dekmelvie
Senior |
21-Jul-2013 13:03
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Anyone here give any insight on this IPO? Heard its very Hot. | ||
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