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Suntec Reit
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Spackman entertainment
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PhillipTan
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23-Feb-2022 11:05
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Wow, this indeed has such a very significant impact on Suntec REIT
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fatpig
Senior |
23-Feb-2022 07:37
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The gas pipeline is finished, but it is waiting regulatory approval before it can start providing the 55 billion cubic meters of natural gas to Europe every year. Germany still buying Gas from Russia. | ||||
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pasttime
Supreme |
22-Feb-2022 23:57
Yells: "gold silver are real money. not others iou." |
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what has it got to do with singapore? even if us sanction, also probably wont hurt us business. they will be sensible with election towards nov. the most hurt is germany, as they are short of energy. it may be a push toward synthetic fuel in the long term. russia is talking with china to build pipe line to supply gas. the worry at that part of world is going to be over.no show see already. heat may be shifting to nepal. |
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PhillipTan
Supreme |
22-Feb-2022 10:46
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Personally I think whether staff can start going back to office or not or still restrict to 50% etc does not have much effect Because a lot companies are still leasing those same office spaces Just look at your own companies you work in, did they stop leasing the offices during the covid period and everyone WFH? Or still continue to lease but most people WFH? For me, despite WFH being default, my company still continued leasing the same office spaces and we still continue to pay for the season parking lots at the office If companies decide to cut down on leasing and downsize to smaller office spaces, they won' t be jumping back to bigger office spaces or even centrally located offices with higher leases just because more staff are allowed to go back to office They will have a new leasing contract that will come with notice periods, not to mention the hassle of moving office, arrangements with utilities, internet etc., plus informing all vendors and customers about the change of office location again, and with short to middle term uncertainties, it is unlikely companies will keep changing their office leases I think more importantly it is because of events being allowed, people starting to accept the fact of covid going to stay for long Retail also picking up and tourists allowed via VTLs Retail picking up means their carparks can earn more parking fees More vendors also willing to start leasing those retail spaces
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yenyenpark
Member |
21-Feb-2022 17:21
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bingo. i am thinking the same. the religious activities can start especially for below 1k. also not to forget, more companies are asking their staffs to go back office..
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desmondxyz
Veteran |
21-Feb-2022 17:14
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Rights coming.... | ||||
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john_ric
Supreme |
21-Feb-2022 10:45
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Everyday up a bit | ||||
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pasttime
Supreme |
18-Feb-2022 06:31
Yells: "gold silver are real money. not others iou." |
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analyst target price range from 1.45 to 1.90. mode 1.70-180 take away bototma nd top forecast. looks like marching towards 1.72. |
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fatpig
Senior |
17-Feb-2022 18:14
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Gordon Tang or ARA? Gordon Tang used to hold 18% of Suntec Reit.
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gopguppy
Veteran |
17-Feb-2022 10:16
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ESR just acquired ARA. ARA owns Suntec. So you can guess why ERA is the top share holder of Suntec. Would ESR buy out Suntec? Based on what has been happening for the past few days, it' s anyone' s guess now.
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pasttime
Supreme |
17-Feb-2022 09:47
Yells: "gold silver are real money. not others iou." |
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will benefits from open up with more vtl. event sbelow 1k people think they can manage quite a few. a mix of real present limit to 1k people + virtual present over the net and mobile apps. that will be almost like before covid-19 or even better with wider reach of metaverse |
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PhillipTan
Supreme |
16-Feb-2022 23:12
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ESR Cayman Suddenly became the top shareholder from a non-shareholder
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fatpig
Senior |
16-Feb-2022 15:47
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Book value per share - $2.11
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john_ric
Supreme |
16-Feb-2022 15:39
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for the past few weeks, when other reits were fearful of rate hike suntec were holding very firm and even incing up.( from 1.5 to 1.6). that is why i sense that something may be brewing. if acquisition/privatisation target then huat together. anyone can roughly guesstimate the take over price.? book value?
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fatpig
Senior |
16-Feb-2022 15:12
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Looking good. Someone collecting. | ||||
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gopguppy
Veteran |
14-Feb-2022 13:45
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Yes, something is certainly brewing today. The volume traded is 16K and still increasing! DBS report says " An attractive acquisition/privatisation target. The potential acquisition of ARA Group, which the new entity will focus on new economy assets, could result in Suntec being an attractive acquisition/privatisation target at the current underpriced valuation" https://www.dbs.com.sg/treasures-private-client/aics/templatedata/article/equity/data/en/DBSV/012014/SUN_SP.xml
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PhillipTan
Supreme |
11-Feb-2022 00:26
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I wouldn' t be too suprised Was trading around $1.80+ pre-covid A bit laggard I would say. and now picking up hahaha
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john_ric
Supreme |
10-Feb-2022 17:06
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Something is brewing?? | ||||
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Lobster
Elite |
07-Feb-2022 23:11
Yells: "Even Adam Khoo believes in the Black Market!" |
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RHB expects S-REITs to navigate through interest rate hikes aheadRHB Group Research analysts Loong Kok Wen, Vijay Natarajan and Raja Nur Aqilah Raja Ali remain overweight on Singapore REITs (S-REITs), with average yields currently at 5.8%.Of the S-REITs, the analysts have indicated their top picks as Ascendas REIT, Suntec REIT, and ESR REIT. &ldquo Despite the impending interest rate hike, we believe S-REITs will still outperform, due to stronger growth prospects as the economy reopens, and better demand and supply dynamics, which underpin healthy rental reversions,&rdquo say the analysts. Although interest rate hikes are generally unfavourable to REITs, the analysts think the impact is lesser for S-REITs given the expectation of a stronger economic rebound, as well as earnings growth for the sector. Of the S-REIT and Malaysian REIT (M-REIT) sub-sectors, the RHB analysts continue to favour industrial REITs in the region &ldquo given the robust demand from the technology and e-commerce sectors&rdquo . &ldquo [The] industrial [industry was the most active segment in Singapore and Malaysia, while S-REITs also expanded their presence in overseas markets,&rdquo the analysts add, as they note that industrial REITs in the region continued to be most preferred for their resilience and growth. &ldquo While the Singapore Government is initiating a longer-term push to transform Singapore into a smart nation, the semiconductor and electronics industries in Malaysia and Singapore are fast expanding due to global demand,&rdquo the analysts explain. &ldquo The rising e-retailing space in Southeast Asia is another driving factor for the warehouse segment.&rdquo Moreover, as Singapore has achieved high vaccination rates and is shifting towards a &ldquo living with Covid-19&rdquo strategy, the analysts view office S-REITs as the best proxies for recovery play. &ldquo Despite the emergence of the Omicron variant, many countries chose to manage via vaccinations and booster shots instead of lockdowns. Singapore&rsquo s Grade-A office segment continues to see positive rental reversions,&rdquo they say. In addition, the analysts expect acquisition momentum to ease on expectation of higher interest rates. &ldquo As interest rates are expected to rise this year, we believe REITs in the region will slow down their acquisition pace,&rdquo they say. &ldquo S-REITs were on an acquisition spree in the last two years, as the sector took advantage of low interest rates.&rdquo |
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Joelton
Supreme |
27-Jan-2022 10:07
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Suntec Reit posts 9.8% rise in H2 DPU to S$0.04512
SUNTEC real estate investment trust' s (Reit) Suntec Reit: T82U +0.65% distribution per unit (DPU) rose 9.8 per cent to S$0.04512 for its second half ended Dec 31, 2021, from S$0.04109 a year ago, its manager said in a bourse filing on Wednesday (Jan 26).
The rise in DPU came on the back of higher distribution income from operations which stood at S$129 million for the half-year period, up 21.6 per cent from the S$106 million recorded in the year-ago period.
Gross revenue was up 15.3 per cent to S$191.3 million for H2 2021, from S$165.9 million a year ago. Meanwhile, net property income (NPI) grew 30.3 per cent on the year to S$142 million for the half year, from S$109 million.
The Reit manager said the strong performance was mainly driven by contributions from 2 of the Reit' s newly acquired assets in London, as well as higher income from Suntec City Mall amid retail business recovery. It noted that Suntec Reit' s office portfolio in Singapore, Australia and the UK " remained resilient" .
The amount available for distribution for the second half was S$129 million, up 10.8 per cent from S$116.4 million in H2 2020.
A distribution of S$0.0228 per unit for the Oct 1 to Dec 31, 2021 period will be paid out on Feb 28, 2022, after books closure on Feb 7.
Meanwhile, for the full year ended Dec 31, 2021, DPU was 17.1 per cent higher at S$0.08666, from S$0.07402 a year ago. Gross revenue was 13.5 per cent higher at S$358.1 million, while NPI was 27.4 per cent higher at S$254.6 million. The amount available for distribution was 18.2 per cent higher at S$247.2 million.
As at Dec 31, 2021, valuation of Suntec Reit&rsquo s portfolio across its Singapore, Australia and UK investment properties increased to S$11.8 billion, from S$11.5 billion a year ago.
Chong Kee Hiong, chief executive officer of the Reit manager, said: &ldquo Through the divestments of lower yielding assets and the acquisitions of higher yielding, DPU and net asset value accretive assets, the diversification into UK has reinforced the Reit&rsquo s income stream and enhanced unitholders&rsquo value.&rdquo
Footfall and tenant sales at Suntec City Mall in December 2021 exceeded those in December 2020, he added. Occupancy also improved to 95 per cent with the introduction of more food and beverage and activity-based tenants to retain and attract shoppers.
Looking ahead, Suntec Reit said it will embark on proactive lease management to enhance the &ldquo resilience&rdquo of its properties, and strengthen its balance sheet through active capital management. It also intends to further enhance its income stability by sourcing for good-quality assets that are accretive.
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