CapLand IntCom T    Last:2.27    -0.01

CapitaLand Integrated Commercial Trust s(SGX:C38U)

Thanks..... not good for existing shareholders leh

PhillipTan      ( Date: 07-Dec-2021 09:30) Posted: No, due to private placements   satruz      ( Date: 07-Dec-2021 09:22) Posted: Is the trading halt due to this news?

 

CICT proposes private placement to raise at least S$200m

CapitaLand Integrated Commercial Trust' s (CICT) manager on Tuesday (Dec 7) proposed a private placement of about 103.6 million new units at an issue price of between S$1.930 and S$1.981 per new unit to raise at least S$200 million in gross proceeds.

In a bourse filing, the manager said that about S$150 million, or 75 per cent, of the proceeds will be used to partially finance the trust' s proposed acquisitions of 2 office buildings in Sydney, Australia.

Some S$45.9 million, or 23 per cent, of the proceeds will partially fund potential acquisitions in Singapore and other developed markets, as well as associated costs. The remaining S$4.1 million, or 2 per cent, will be used to pay the estimated transaction-related expenses incurred by the private placement.

The issue price range of between S$1.930 and S$1.981 per new unit represents an estimated discount of between 3.7 per cent and 6.1 per cent to the volume-weighted average price (VWAP) of S$2.0561 per unit for trades done on the preceding market day on Monday (Dec 6) and up to the time the placement agreement was signed on Tuesday.

Based on an adjusted VWAP of S$2.0076 per unit for trades done on Dec 6, the issue price range represents an approximate discount of between 1.3 per cent and 3.9 per cent. The adjusted VWAP subtracts an estimated advanced distribution of about S$0.0485.

The proposed deal is expected to provide accretion in CICT' s distribution per unit (DPU) of 1.9 per cent, if the acquisitions were completed on Jan 1, 2021, on a pro forma H1 2021 basis. This value is based on the trust' s H1 2021 annualised DPU and assuming the divestment of 50 per cent of its interest in One George Street had been completed on Jan 1, 2021.

The pro forma aggregate leverage of CICT is expected to be about 40.2 per cent, based on the funding mix of debt, divestment proceeds and equity.

For illustrative purposes, the adjusted net asset value per unit would increase by 1.5 per cent on a pro forma H1 2021 basis had the acquisitions and the divestment of CICT' s stake in One George Street been completed on Jun 30, 2021.

The manager has proposed an advanced distribution for the period from Jul 1 to the day immediately prior to the date on which the new units related to the private placement are issued.

The manager expects to issue and list the new units on Dec 16.

After the advanced distribution, the next distribution will comprise CICT' s distributable income starting from the day the new units are issued to Dec 31. Semi-annual distributions will then resume.

JPMorgan and UOB are the joint bookrunners and underwriters for the placement. The private placement will be made to eligible institutional, accredited and other investors.

The manager believes that the private placement will be beneficial to CICT' s unitholders as it will help to bring the trust in line with its value creation through portfolio reconstruction. With the reopening of Sydney, unitholders will also benefit from recovery potential.

The trust called for a trading halt on Tuesday, before the market opened. Units of the counter closed at S$2.05, down S$0.01 or 0.5 per cent, on Monday.

 

 

No, due to private placements
 

satruz      ( Date: 07-Dec-2021 09:22) Posted: Is the trading halt due to this news? Joelton      ( Date: 04-Dec-2021 10:11) Posted: CICT enters Australia market with acquisition of 2 office buildings for A$330.7m CAPITALAND Integrated Commercial Trust' s (CICT) CapLand IntCom T: C38U -0.48% indirectly wholly-owned subsidiary has entered into a unit sale agreement to acquire 2 Grade A office buildings in Sydney, Australia for A$330.7 million (S$330.7 million).   This would mark CICT' s first inroad into Australia, its second overseas developed market after Germany, the real estate investment trust' s (Reit) manager said in a bourse filing on Friday (Dec 3).   Tony Tan, the chief executive officer of the manager, said in a briefing on Friday (Dec 3) that the acquisition should not be looked at &ldquo in isolation&rdquo .   &ldquo We are going through a journey to slowly recalibrate our portfolio,&rdquo Tan said. &ldquo We want to have a portfolio that eventually will have heavy concentration in Singapore and not more than 20 per cent outside of Singapore. That&rsquo s the big picture.&rdquo   Tan added that this geographical diversity is to ensure that CICT&rsquo s income stream will not be materially disrupted by &ldquo any kind of action in any of the assets&rdquo .   Post-acquisition, CICT&rsquo s overall portfolio property value will increase by 3 per cent to S$22.4 billion. Some 93 per cent of the enlarged portfolio by property value will be based in Singapore, with 4 per cent in Germany and 3 per cent in Australia.   &ldquo Once you' re in the market, you actually open yourself up to more possibilities,&rdquo Tan said. &ldquo This is just an entry point (into the Austalian market). Surely I think from now onwards, we probably can hear more market opportunities that will surface to us.&rdquo   The estimated aggregate purchase consideration is based on the adjusted net asset value of the trusts that hold 66 Goulburn Street and 100 Arthur Street, taking into account the aggregate agreed property value of A$672.0 million. The agreed property value was negotiated on a willing-buyer-willing-seller basis, in line with 2 independent valuations commissioned separately by the trustee and manager of CICT.   The purchase consideration also takes into account other adjustments such as tenant incentives, other assets, and the total amount of liabilities of the 2 trusts, including external bank loans.   CICT' s total acquisition outlay is about A$381 million, subject to completion adjustments. The acquisition is expected to be completed in Q1 2022.   Assuming the transaction was completed on Jan 1, 2021, the distribution per unit (DPU) after the acquisition would be 10.54 Singapore cents, from 10.23 cents, according to pro forma estimates. This translates to pro forma DPU accretion of 3.1 per cent.   The 2 buildings are located in Sydney' s central business district within easy access of public transport and amenities.   The first property, 66 Goulburn Street, is a 24-storey Grade A office building with ancillary retail space and a basement car park.   It is a leasehold property with approximately 95 years remaining until Aug 16, 2116, and has a total net lettable area of 22,887 square metres (sqm) - comprising 22,630 sqm of office space and 257 sqm of retail space.   The property has a committed occupancy rate of 95.3 per cent and 25 tenants as at Sep 30, with a weighted average lease expiry (WALE) of 2.7 years, based on committed gross rental income as at Sep 30.   The second property, 100 Arthur Street, is a 23-storey freehold Grade A office tower with ancillary retail space. It has a total net lettable area of 27,082 sqm.   The property has a committed occupancy rate of 62.3 per cent and 16 tenants as at Sep 30 with a WALE of 4 years, based on committed gross rental income as at Sep 30.   The vendor, Acacia Commercial Investment Trust, will provide a rental guarantee of A$7 million for 100 Arthur Street as leasing efforts for the property are being ramped up.   The rental guarantee amount was arrived at based on market rent for vacancy at the Arthur Street property as at completion of the transaction, and assumes that the property' s vacancy will be filled over a period of 12 months after the acquisition is complete, or when the sum is fully utilised.   The acquisition is expected to be partially funded with Australian dollar denominated bank loans for natural hedge. The net distributions from the 2 trusts holding the assets are also expected to be hedged, said the Reit manager.   After the acquisition, CICT' s aggregate leverage is expected to be about 41 per cent, based on pro forma estimates.   &ldquo At this level, I don' t think we are uncomfortable. It is a manageable level,&rdquo Tan said.   &ldquo Bear in mind that the leverage is also a function of your denominator &ndash your asset value base,&rdquo he said. &ldquo We just have to do our job, make sure that we work the asset hard, optimise it as much as possible (and) create value.&rdquo   Tan added the acquisition enables CICT to recycle capital from the divestment of its 50 per cent interest in One George Street, at an exit yield of 3.17 per cent per annum, into 2 higher-yielding office assets at a combined implied net property income yield of 5.2 per cent per annum.   Teo Swee Lian, chairman of the manager, said it is an opportune time for CICT to enter Australia given its " attractive office market underpinned by healthy economic fundamentals in the medium to long term, and expected recovery as the country emerges from Covid-19 restrictions" .   She noted that Sydney is witnessing major development and rejuvenation initiatives in line with its government-backed ambition to become a leading innovation and technology hub in the region.   " The acquisition will allow CICT to gain a foothold in Australia, one of Asia Pacific' s largest developed markets, and opens CICT to more opportunities to drive growth."

 

It's due to the private placement in relation to this.

satruz      ( Date: 07-Dec-2021 09:22) Posted: Is the trading halt due to this news? Joelton      ( Date: 04-Dec-2021 10:11) Posted: CICT enters Australia market with acquisition of 2 office buildings for A$330.7m CAPITALAND Integrated Commercial Trust' s (CICT) CapLand IntCom T: C38U -0.48% indirectly wholly-owned subsidiary has entered into a unit sale agreement to acquire 2 Grade A office buildings in Sydney, Australia for A$330.7 million (S$330.7 million).   This would mark CICT' s first inroad into Australia, its second overseas developed market after Germany, the real estate investment trust' s (Reit) manager said in a bourse filing on Friday (Dec 3).   Tony Tan, the chief executive officer of the manager, said in a briefing on Friday (Dec 3) that the acquisition should not be looked at &ldquo in isolation&rdquo .   &ldquo We are going through a journey to slowly recalibrate our portfolio,&rdquo Tan said. &ldquo We want to have a portfolio that eventually will have heavy concentration in Singapore and not more than 20 per cent outside of Singapore. That&rsquo s the big picture.&rdquo   Tan added that this geographical diversity is to ensure that CICT&rsquo s income stream will not be materially disrupted by &ldquo any kind of action in any of the assets&rdquo .   Post-acquisition, CICT&rsquo s overall portfolio property value will increase by 3 per cent to S$22.4 billion. Some 93 per cent of the enlarged portfolio by property value will be based in Singapore, with 4 per cent in Germany and 3 per cent in Australia.   &ldquo Once you' re in the market, you actually open yourself up to more possibilities,&rdquo Tan said. &ldquo This is just an entry point (into the Austalian market). Surely I think from now onwards, we probably can hear more market opportunities that will surface to us.&rdquo   The estimated aggregate purchase consideration is based on the adjusted net asset value of the trusts that hold 66 Goulburn Street and 100 Arthur Street, taking into account the aggregate agreed property value of A$672.0 million. The agreed property value was negotiated on a willing-buyer-willing-seller basis, in line with 2 independent valuations commissioned separately by the trustee and manager of CICT.   The purchase consideration also takes into account other adjustments such as tenant incentives, other assets, and the total amount of liabilities of the 2 trusts, including external bank loans.   CICT' s total acquisition outlay is about A$381 million, subject to completion adjustments. The acquisition is expected to be completed in Q1 2022.   Assuming the transaction was completed on Jan 1, 2021, the distribution per unit (DPU) after the acquisition would be 10.54 Singapore cents, from 10.23 cents, according to pro forma estimates. This translates to pro forma DPU accretion of 3.1 per cent.   The 2 buildings are located in Sydney' s central business district within easy access of public transport and amenities.   The first property, 66 Goulburn Street, is a 24-storey Grade A office building with ancillary retail space and a basement car park.   It is a leasehold property with approximately 95 years remaining until Aug 16, 2116, and has a total net lettable area of 22,887 square metres (sqm) - comprising 22,630 sqm of office space and 257 sqm of retail space.   The property has a committed occupancy rate of 95.3 per cent and 25 tenants as at Sep 30, with a weighted average lease expiry (WALE) of 2.7 years, based on committed gross rental income as at Sep 30.   The second property, 100 Arthur Street, is a 23-storey freehold Grade A office tower with ancillary retail space. It has a total net lettable area of 27,082 sqm.   The property has a committed occupancy rate of 62.3 per cent and 16 tenants as at Sep 30 with a WALE of 4 years, based on committed gross rental income as at Sep 30.   The vendor, Acacia Commercial Investment Trust, will provide a rental guarantee of A$7 million for 100 Arthur Street as leasing efforts for the property are being ramped up.   The rental guarantee amount was arrived at based on market rent for vacancy at the Arthur Street property as at completion of the transaction, and assumes that the property' s vacancy will be filled over a period of 12 months after the acquisition is complete, or when the sum is fully utilised.   The acquisition is expected to be partially funded with Australian dollar denominated bank loans for natural hedge. The net distributions from the 2 trusts holding the assets are also expected to be hedged, said the Reit manager.   After the acquisition, CICT' s aggregate leverage is expected to be about 41 per cent, based on pro forma estimates.   &ldquo At this level, I don' t think we are uncomfortable. It is a manageable level,&rdquo Tan said.   &ldquo Bear in mind that the leverage is also a function of your denominator &ndash your asset value base,&rdquo he said. &ldquo We just have to do our job, make sure that we work the asset hard, optimise it as much as possible (and) create value.&rdquo   Tan added the acquisition enables CICT to recycle capital from the divestment of its 50 per cent interest in One George Street, at an exit yield of 3.17 per cent per annum, into 2 higher-yielding office assets at a combined implied net property income yield of 5.2 per cent per annum.   Teo Swee Lian, chairman of the manager, said it is an opportune time for CICT to enter Australia given its " attractive office market underpinned by healthy economic fundamentals in the medium to long term, and expected recovery as the country emerges from Covid-19 restrictions" .   She noted that Sydney is witnessing major development and rejuvenation initiatives in line with its government-backed ambition to become a leading innovation and technology hub in the region.   " The acquisition will allow CICT to gain a foothold in Australia, one of Asia Pacific' s largest developed markets, and opens CICT to more opportunities to drive growth."

 

CGS-CIMB raises target price of CICT to S$2.57 after Sydney acquisitions

CapitaLand Integrated Commercial Trust&rsquo s (CICT) foray into Australia through its acquisition of 2 Sydney office buildings for A$330.7 million (S$317.6 million) is expected to boost portfolio diversification and enhance income resilience, noted analysts. 

CGS-CIMB on Friday (Dec 3) raised its target price on CICT to S$2.57 from S$2.56. It has also reiterated its &ldquo add&rdquo call on the real estate investment trust (Reit). 

The target price of S$2.57 implies an upside of 25.4 per cent from CICT&rsquo s closing price of S$2.05 on Monday (Dec 6). The counter was trading 0.49 per cent or S$0.01 lower at the time.

CGS-CIMB expects the move to boost portfolio diversification, as well as provide an uplift to the Reit' s distribution per unit (DPU) and adjusted net asset value per unit. 

In a research note dated Dec 3, the research team cut its estimates for CICT' s FY2021 DPU slightly, while raising its DPU estimates for FY2022-2023 by 1.54 to 1.86 per cent to factor in the acquisition.

" We believe CICT is well-placed to benefit from a macro recovery given its diversified and stable earnings profile," CGS-CIMB said.

RHB has adjusted its DPU estimates for CICT by 0 to 1 per cent for FY2021-2023, after factoring in the Reit&rsquo s acquisitions and divestments. RHB has maintained &ldquo neutral&rdquo on CICT, with a target price of S$2.22, which represents an upside of 8.3 per cent.

RHB analyst Vijay Natarajan noted that while the latest acquisitions are yield accretive, they come with considerable near-term lease expiries and income support.

Meanwhile, Maybank Kim Eng (MKE) expects DPU to improve by 20 per cent on the year for FY2021, and 6 per cent year on year for FY2022 due to lower rental rebates to tenants and lower borrowing costs for CICT. 

MKE also projects negative retail rental reversions to moderate in FY2021-2022 due to stronger tenant sales, especially for suburban malls which have been more resilient. Meanwhile, net property income contributions from office properties will recover in 2022.

MKE said that CICT&rsquo s valuations are compelling for now, with a 5.6 per cent FY2022 dividend yield and a price-to-book ratio of 1 time, versus its history and peers. It has also maintained &ldquo buy&rdquo on the counter, with a target price of S$2.55, representing an upside of 24.4 per cent. 

The office assets at 66 Goulburn Street and 100 Arthur Street will enable CICT to leverage Sydney' s rejuvenation initiatives, suggesting longer-term rental upside, both CGS-CIMB and MKE noted. 

Plans to raise 100 Arthur Street' s current 4-star energy rating under the National Australian Built Environment Rating System to a 5-star rating should also boost CICT' s environmental, social and corporate governance initiatives in the long term, CGS-CIMB added.

MKE analyst Chua Su Tye expects an absence of new supply till Q3 2022 in North Sydney to cushion occupancies and rents in the near term for CICT. 

That being said, while CICT&rsquo s management expects deal flow to pick up from its Australian market entry, MKE&rsquo s research team is &ldquo less sanguine&rdquo given the Reit&rsquo s slow pace to scale its assets under management in Germany.

CICT, when it was known as CapitaLand Commercial Trust, acquired a majority stake in a prime Frankfurt property known as Gallileo for 342.7 million euros (S$548.3 million) in 2018. It also acquired a majority stake in a Frankfurt multi-tenanted office building called Main Airport Center, for 133.4 million euros in 2019. 

The Sydney acquisitions are expected to be completed in Q1 2022. Post-acquisition, CICT' s overall portfolio property value will increase by 3 per cent to S$22.4 billion. Some 93 per cent of the enlarged portfolio by property value will be based in Singapore, with 4 per cent in Germany and 3 per cent in Australia.


 

 

Is the trading halt due to this news?

Joelton      ( Date: 04-Dec-2021 10:11) Posted: CICT enters Australia market with acquisition of 2 office buildings for A$330.7m CAPITALAND Integrated Commercial Trust' s (CICT) CapLand IntCom T: C38U -0.48% indirectly wholly-owned subsidiary has entered into a unit sale agreement to acquire 2 Grade A office buildings in Sydney, Australia for A$330.7 million (S$330.7 million).   This would mark CICT' s first inroad into Australia, its second overseas developed market after Germany, the real estate investment trust' s (Reit) manager said in a bourse filing on Friday (Dec 3).   Tony Tan, the chief executive officer of the manager, said in a briefing on Friday (Dec 3) that the acquisition should not be looked at &ldquo in isolation&rdquo .   &ldquo We are going through a journey to slowly recalibrate our portfolio,&rdquo Tan said. &ldquo We want to have a portfolio that eventually will have heavy concentration in Singapore and not more than 20 per cent outside of Singapore. That&rsquo s the big picture.&rdquo   Tan added that this geographical diversity is to ensure that CICT&rsquo s income stream will not be materially disrupted by &ldquo any kind of action in any of the assets&rdquo .   Post-acquisition, CICT&rsquo s overall portfolio property value will increase by 3 per cent to S$22.4 billion. Some 93 per cent of the enlarged portfolio by property value will be based in Singapore, with 4 per cent in Germany and 3 per cent in Australia.   &ldquo Once you' re in the market, you actually open yourself up to more possibilities,&rdquo Tan said. &ldquo This is just an entry point (into the Austalian market). Surely I think from now onwards, we probably can hear more market opportunities that will surface to us.&rdquo   The estimated aggregate purchase consideration is based on the adjusted net asset value of the trusts that hold 66 Goulburn Street and 100 Arthur Street, taking into account the aggregate agreed property value of A$672.0 million. The agreed property value was negotiated on a willing-buyer-willing-seller basis, in line with 2 independent valuations commissioned separately by the trustee and manager of CICT.   The purchase consideration also takes into account other adjustments such as tenant incentives, other assets, and the total amount of liabilities of the 2 trusts, including external bank loans.   CICT' s total acquisition outlay is about A$381 million, subject to completion adjustments. The acquisition is expected to be completed in Q1 2022.   Assuming the transaction was completed on Jan 1, 2021, the distribution per unit (DPU) after the acquisition would be 10.54 Singapore cents, from 10.23 cents, according to pro forma estimates. This translates to pro forma DPU accretion of 3.1 per cent.   The 2 buildings are located in Sydney' s central business district within easy access of public transport and amenities.   The first property, 66 Goulburn Street, is a 24-storey Grade A office building with ancillary retail space and a basement car park.   It is a leasehold property with approximately 95 years remaining until Aug 16, 2116, and has a total net lettable area of 22,887 square metres (sqm) - comprising 22,630 sqm of office space and 257 sqm of retail space.   The property has a committed occupancy rate of 95.3 per cent and 25 tenants as at Sep 30, with a weighted average lease expiry (WALE) of 2.7 years, based on committed gross rental income as at Sep 30.   The second property, 100 Arthur Street, is a 23-storey freehold Grade A office tower with ancillary retail space. It has a total net lettable area of 27,082 sqm.   The property has a committed occupancy rate of 62.3 per cent and 16 tenants as at Sep 30 with a WALE of 4 years, based on committed gross rental income as at Sep 30.   The vendor, Acacia Commercial Investment Trust, will provide a rental guarantee of A$7 million for 100 Arthur Street as leasing efforts for the property are being ramped up.   The rental guarantee amount was arrived at based on market rent for vacancy at the Arthur Street property as at completion of the transaction, and assumes that the property' s vacancy will be filled over a period of 12 months after the acquisition is complete, or when the sum is fully utilised.   The acquisition is expected to be partially funded with Australian dollar denominated bank loans for natural hedge. The net distributions from the 2 trusts holding the assets are also expected to be hedged, said the Reit manager.   After the acquisition, CICT' s aggregate leverage is expected to be about 41 per cent, based on pro forma estimates.   &ldquo At this level, I don' t think we are uncomfortable. It is a manageable level,&rdquo Tan said.   &ldquo Bear in mind that the leverage is also a function of your denominator &ndash your asset value base,&rdquo he said. &ldquo We just have to do our job, make sure that we work the asset hard, optimise it as much as possible (and) create value.&rdquo   Tan added the acquisition enables CICT to recycle capital from the divestment of its 50 per cent interest in One George Street, at an exit yield of 3.17 per cent per annum, into 2 higher-yielding office assets at a combined implied net property income yield of 5.2 per cent per annum.   Teo Swee Lian, chairman of the manager, said it is an opportune time for CICT to enter Australia given its " attractive office market underpinned by healthy economic fundamentals in the medium to long term, and expected recovery as the country emerges from Covid-19 restrictions" .   She noted that Sydney is witnessing major development and rejuvenation initiatives in line with its government-backed ambition to become a leading innovation and technology hub in the region.   " The acquisition will allow CICT to gain a foothold in Australia, one of Asia Pacific' s largest developed markets, and opens CICT to more opportunities to drive growth."

 

 

cict is for long term div income with more steady hand managing it behind.
think i will not be worry about short term price movement. like a hen that lays
golden egg. quarter after quarter. eat the dividend don' t kill the hen.
 

 

CICT enters Australia market with acquisition of 2 office buildings for A$330.7m

CapitaLand Integrated Commercial Trust' s (CICT) indirectly wholly-owned subsidiary has entered into a unit sale agreement to acquire 2 Grade A office buildings in Sydney, Australia for A$330.7 million (S$330.7 million).

This would mark CICT' s first inroad into Australia, its second overseas developed market after Germany, the real estate investment trust' s (Reit) manager said in a bourse filing on Friday (Dec 3).

The agreed property value was negotiated on a willing-buyer-willing-seller basis, in line with 2 independent valuations commissioned separately by the trustee and manager of CICT.

CICT' s total acquisition outlay is about A$381 million, subject to completion adjustments.

The acquisition is expected to be completed in Q1 2022, thereafter CICT' s overall portfolio property value would increase to S$22.4 billion and its overseas portfolio exposure would rise to 7 per cent, from 4 per cent (by portfolio property value).

Assuming the transaction was completed on Jan 1, the distribution per unit after the acquisition would be 10.54 Singapore cents, from 10.23 cents, according to pro forma estimates.

The 2 buildings are located in Sydney' s central business district within easy access of public transport and amenities.

The first property, 66 Goulburn Street, is a 24-storey Grade A office building with ancillary retail space and a basement car park.

It is a leasehold property with approximately 95 years remaining until Aug 16, 2116, and has a total net lettable area of 22,887 square metres (sqm) - comprising 22,630 sqm of office space and 257 sqm of retail space.

The property has a committed occupancy rate of 95.3 per cent and 25 tenants as at Sep 30, with a weighted average lease expiry (WALE) of 2.7 years, based on committed gross rental income as at Sep 30.

The second property, 100 Arthur Street, is a 23-storey freehold Grade A office tower with ancillary retail space. It has a total net lettable area of 27,082 sqm.

The property has a committed occupancy rate of 62.3 per cent and 16 tenants as at Sep 30 with a WALE of 4 years, based on committed gross rental income as at Sep 30.

The vendor, Acacia Commercial Investment Trust, will provide a rental guarantee of A$7 million for 100 Arthur Street as leasing efforts for the property are being ramped up.

The rental guarantee amount was arrived at based on market rent for vacancy at the Arthur Street property as at completion of the transaction, and assumes that the property' s vacancy will be filled over a period of 12 months after the acquisition is complete, or when the sum is fully utilised.

The acquisition is expected to be partially funded with Australian dollar denominated bank loans for natural hedge. The net distributions from the 2 trusts holding the assets are also expected to be hedged, said the Reit manager.

After the acquisition, CICT' s aggregate leverage is expected to be about 41 per cent, based on pro forma estimates.

Tony Tan, the chief executive officer of the manager, said the acquisition enables CICT to recycle capital from the divestment of its 50 per cent interest in One George Street, at an exit yield of 3.17 per cent per annum, into 2 higher-yielding office assets at a combined implied net property income yield of 5.2 per cent per annum.

Teo Swee Lian, chairman of the manager, said it is an opportune time for CICT to enter Australia given its " attractive office market underpinned by healthy economic fundamentals in the medium to long term, and expected recovery as the country emerges from Covid-19 restrictions" .

She noted that Sydney is witnessing major development and rejuvenation initiatives in line with its government-backed ambition to become a leading innovation and technology hub in the region.

" The acquisition will allow CICT to gain a foothold in Australia, one of Asia Pacific' s largest developed markets, and opens CICT to more opportunities to drive growth."

 

 

Please la... this is a public forum.You posted, addressed to no one. I commented. Then you replied ( to me). So I   commented again. What' s the problem? Of course no hard feeling for me. Hard feeling is on you for eating without due diligence. And TA doesn' t work for all stocks, if black market has an interest.   Otherwise how can coffee lady tell when and when it will hit $2.20? I tell you what... it will be sometime before it even hits your purchase price again. When? Unfortunately I not interested in coming here for a while..

Playersoon      ( Date: 02-Dec-2021 19:38) Posted: I am actually checking with someone else's opinion with his regards to TA thoughts for possible base price. You keep commenting. No hard feelings. Lobster      ( Date: 02-Dec-2021 17:39) Posted: Of course you can, but are you able to predict so accurately? Are you able to predict Omicron? I was merely commenting to your remark that you enter wrongly. You didn' t enter wrongly, if, after you entered, price kept going up. You didn' t enter wrongly if you think long term. You enter wrongly only when after you entered at $2.25 and price keeps going down. You enter wrongly, when you are thinking contraing and market turnaround caught you. If other vesters think the way you think like why can' t you enter at 2.05, then it as if everyone can predict so accurately what price to enter at the lowest...... if other vesters think the way you think, who want to play with you? You will be trading alone

 

I am actually checking with someone else's opinion with his regards to TA thoughts for possible base price. You keep commenting. No hard feelings.

Lobster      ( Date: 02-Dec-2021 17:39) Posted: Of course you can, but are you able to predict so accurately? Are you able to predict Omicron? I was merely commenting to your remark that you enter wrongly. You didn' t enter wrongly, if, after you entered, price kept going up. You didn' t enter wrongly if you think long term. You enter wrongly only when after you entered at $2.25 and price keeps going down. You enter wrongly, when you are thinking contraing and market turnaround caught you. If other vesters think the way you think like why can' t you enter at 2.05, then it as if everyone can predict so accurately what price to enter at the lowest...... if other vesters think the way you think, who want to play with you? You will be trading alone! Playersoon      ( Date: 02-Dec-2021 15:30) Posted: who don' t wish can buy at lower if can? buying at 2.05 or 2.18, no difference? :

 

Of course you can, but are you able to predict so accurately? Are you able to predict Omicron?
I was merely commenting to your remark that you enter wrongly. You didn' t enter wrongly, if, after you entered, price kept going up. You didn' t enter wrongly if you think long term. You enter wrongly only when after you entered at $2.25 and price keeps going down. You enter wrongly, when you are thinking contraing and market turnaround caught you. If other vesters think the way you think like why can' t you enter at 2.05, then it as if everyone can predict so accurately what price to enter at the lowest...... if other vesters think the way you think, who want to play with you? You will be trading alone!

Playersoon      ( Date: 02-Dec-2021 15:30) Posted: who don' t wish can buy at lower if can? buying at 2.05 or 2.18, no difference? :( Lobster      ( Date: 02-Dec-2021 10:17) Posted: How can you be entering wrongly, when price went up after that to from $2.20 to as high as $2.25 for 6 trading days? It was stopped temporarily because of overly greedy contrarians, and than got jelly because of Omicron. If long term, even at this price is never wrong, unless you play conta

 

who don' t wish can buy at lower if can? buying at 2.05 or 2.18, no difference? :(

Lobster      ( Date: 02-Dec-2021 10:17) Posted: How can you be entering wrongly, when price went up after that to from $2.20 to as high as $2.25 for 6 trading days? It was stopped temporarily because of overly greedy contrarians, and than got jelly because of Omicron. If long term, even at this price is never wrong, unless you play conta. Playersoon      ( Date: 02-Dec-2021 09:54) Posted: hi, i should have waited as you mentioned. follow and enter wrongly at 2.17-2.18 high price. do you think it is around the base now? thanks

 

$2 coming soon

 

https://www.tradingview.com/x/sTvsPbl5

Just another TA sharing for ST ENGRG..

 

Another TA chart for MCT.... 
https://www.tradingview.com/x/3Kf1NFAx
 

 

https://www.tradingview.com/x/EEnSUWBz

Just for Sharing......

Playersoon      ( Date: 02-Dec-2021 09:54) Posted: hi, i should have waited as you mentioned. follow and enter wrongly at 2.17-2.18 high price. do you think it is around the base now? thanks

 

Agreed....Base on chart, it really reach 2.09 and below already.
However....Current situations, better to accumlate buy down. The cheaper the better.
Good Luck 

 

vicloo      ( Date: 02-Dec-2021 10:01) Posted: Safest low point to enter around 2 Playersoon      ( Date: 02-Dec-2021 09:54) Posted: hi, i should have waited as you mentioned. follow and enter wrongly at 2.17-2.18 high price. do you think it is around the base now? thanks

 

How can you be entering wrongly, when price went up after that to from $2.20 to as high as $2.25 for 6 trading days? It was stopped temporarily because of overly greedy contrarians, and than got jelly because of Omicron. If long term, even at this price is never wrong, unless you play conta.

Playersoon      ( Date: 02-Dec-2021 09:54) Posted: hi, i should have waited as you mentioned. follow and enter wrongly at 2.17-2.18 high price. do you think it is around the base now? thanks

 

Safest low point to enter around 2

Playersoon      ( Date: 02-Dec-2021 09:54) Posted: hi, i should have waited as you mentioned. follow and enter wrongly at 2.17-2.18 high price. do you think it is around the base now? thanks