Suntec Reit    Last:1.45    +0.01

Suntec REIT

Wait patiently..Smile widely as usual..

 

yes. im in 141

Inferno      ( Date: 22-Sep-2021 09:37) Posted: Looks a good entry price at 1.4. With US and China markets slightly hazy...if go south may impact local market and sentiment.

 

Looks a good entry price at 1.4. With US and China markets slightly hazy...if go south may impact local market and sentiment. 

 

Suntec REIT most undervalued commercial S-REIT, says DBS

Suntec REIT is the most undervalued commercial Singapore REIT (S-REIT), leading its peers with the highest two-year DPU CAGR, according to DBS Group Research analysts Rachel Tan and Derek Tan. 

In a report, the analysts say Suntec REIT' s two-year DPU cumulative annual growth rate (CAGR) of 12% is the highest among its commercial S-REIT peers. The REIT is currently trading at 0.7 times price to net asset value, while its peers are trading between 0.8 times to 1.2 times price to net asset value. 

Given the projected growth in FY22F, Suntec REIT' s dividend yield ranks the highest at 6.5% while its peers are trading at an average of 5.7% FY22F dividend yield, the analysts add. 

Although the economic reopening has slowed following the resurgence of the Delta variant, the analysts estimate that Suntec REIT is positioned to deliver strong FY22F growth. This is led by a full-year contribution from recent accretive acquisition as well as the recovery from the ongoing reopening.

In October 2020, Suntec REIT made its first foray into the UK office market by acquiring The Nova Properties with 4.9% DPU accretion, based on pro forma estimates. Less than a year later in June 2021, it acquired another prime London office, The Minster Building. With 3.6% DPU accretion based on pro forma estimates. 

The REIT has also crystalised value through the sale of its stake in 9 Penang Road and strata units at Suntec City Office Tower for a collective $1.2 billion, both at above latest valuations. The assets were divested at 3.3% and 3.1% yields respectively. 

The analysts estimate Suntec REIT to record an approximately 20% year-on-year growth in FY22F DPU and a two-year CAGR of 12% from FY20 to FY22F. If the reopening progresses as planned, Suntec REIT' s core DPU could surpass pre-Covid 19 levels, they add.   

Meanwhile, the potential merger between Hong Kong' s ESR Cayman and Singapore' s ARA Asset Management, which focuses on new economy assets, could result in Suntec REIT being an attractive acquisition or privatisation target. Alternatively, the introduction of a new strategic investor could be the next catalyst for the REIT, the analysts note.   

As Suntec REIT' s portfolio comprises mostly small and medium enterprises tenants, a longer-than-expected economic recovery and new waves of Covid-19 infections could increase the risk of early lease terminations and vacancies.

DBS maintains " buy" on Suntec REIT, with a higher target price of $1.90 from $1.85 previously. 

vivacious      ( Date: 20-Sep-2021 20:41) Posted: https://www.theedgesingapore.com/capital/brokers-calls/suntec-reit-most-undervalued-commercial-s-reit-says-dbs most undervalued commercial s-reit

 

https://www.theedgesingapore.com/capital/brokers-calls/suntec-reit-most-undervalued-commercial-s-reit-says-dbs

most undervalued commercial s-reit

 

yes. 

Silo1234      ( Date: 16-Sep-2021 20:00) Posted: --- Post Removed by User ---

 

wah best lah u...too many shares to even rem!!

Silo1234      ( Date: 16-Sep-2021 18:25) Posted: --- Post Removed by User ---

 

r u vested bro

Silo1234      ( Date: 16-Sep-2021 08:04) Posted: --- Post Removed by User ---

 

cases in sin is increasing as we are opening up.
even if lock down again. will face same problem again when open up again at later state.
stop visitors for old age home/care etc at places where people are weak is probably a more measure step.
hope more sun light is blessed upon us.
 

 

china retail down because of delta variant spreading in the fujian province
maybe suntec has exposure in china, but i am not aware that suntec holds any properties in china or in fujian in particular
so i believe the china issue has nothing to do with suntec

but suntec will still be going down because local numbers keep rising exponentially
from less than 10 cases everyday to sometimes none at all
jump to less than 50 cases a month ago
to about 100 3 weeks ago
to about 150+ 2 weeks ago
to more than 300+ a week ago
to 852 on tuesday
it is exponential jump in numbers, may get even worse in days and weeks to come

but that is the reality of opening up and encouraging people to go back to school and office to work
testing the system
testing the effectiveness of the vaccination
testing the so called herd immunity
and next moving on to boosters and trying to get more and more people jabbed
and maybe one day this covid will slowly become just like other common flu virus
moving towards yearly jabs so that if infected, the symptoms will be milder and not deadly
global air travels will then resume and restrictions/lockdowns lifted when this is no longer deemed to be a serious health threat

until then, i feel that this will be a throw under the pillow stock
good to accumulate when price is low and when covid gets better or over, profits will be waiting when the price starts going up
hopefully
i am still vested lol
 

eagleeyes1989      ( Date: 16-Sep-2021 09:02) Posted: china retail is down. near term outlook for this not v good

 

up up up

 

china retail is down. near term outlook for this not v good

 

world covid cases increase effecting business ctr n coming up nearby office tower will be a challenging to suntec....highly in debt.....

 

let' s see. Wait for 2nd batch @135 if it happens

Silo1234      ( Date: 16-Sep-2021 08:04) Posted: --- Post Removed by User ---

 

not so jialat lah
 

Silo1234      ( Date: 15-Sep-2021 19:28) Posted: --- Post Removed by User ---

 

141 gd px 

miaomead      ( Date: 15-Sep-2021 20:01) Posted: i put 3 orders valid for 1 month........ suddendly done for 1.4, 1.41 and 1.42 today......... will the price go down further ?

 

i put 3 orders valid for 1 month........ suddendly done for 1.4, 1.41 and 1.42 today......... will the price go down further ?

 

quadraple witching this fri.
firms unwinding their positions versus each other and their stocks may have contributed to the volatile
movements.
after that it will return to normal. 

 

oops..i also got a bit of 1.41 now.

vivacious      ( Date: 15-Sep-2021 15:47) Posted: wah suddenly done. goodness vivacious      ( Date: 15-Sep-2021 09:47) Posted: queuing at 141

 

wah suddenly done. goodness

vivacious      ( Date: 15-Sep-2021 09:47) Posted: queuing at 141