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hope the new acquisition n strengthening of aud will increase the dpu.........
halleluyah ( Date: 12-Jan-2021 10:59) Posted:
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probably their convention business yet to recover.
Unlike all its peers (eg. Keppel Reit, CICT and MCT) that rallied after X' mas (have now subsided a bit though), Suntec Reit is still consolidating narrowly between 1.48 ~ 1.52. Any insight to share?
accumulation fr div coming bery soon....,
halleluyah ( Date: 12-Jan-2021 09:08) Posted:
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awakening...watch out fr 1.55.....
steady going up hill....
Holding for long. Portfolio is strong and healthy. Management has proven themselves over the years
halleluyah ( Date: 08-Jan-2021 09:02) Posted:
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long some since vaccine is out n px still cheap...div tis mth.......
brexit done, exit arrangement done.
money for uk asset buy done.
new properties building done.
sgd exchange rate versus aud has gone down from mar 1.19 to now 0.99 about 20% favourable for their australia income.
money for uk asset buy done.
new properties building done.
sgd exchange rate versus aud has gone down from mar 1.19 to now 0.99 about 20% favourable for their australia income.
double jialat....covid + brexit....
Key summary points
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· Operational Updates: Office portfolio relatively stable, recording positive rental reversions Suntec City Mall recorded lower occupancy and negative rental reversion but tenant sales are back to 80% of pre-COVID levels in 3Q20.
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· Impact from COVID-19: Early lease terminations and rent deferments were in line with previous estimates with some of these spaces backfilled.
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· Attractive valuation below -1SD. Suntec REIT (Suntec) is trading at an attractive 0.7x P/NAV, below -1SD of its historical mean. At this price, we believe investors have priced in negatives while we see Suntec recovering as the economy reopens.
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· Recovery with progressive return of office workers. As the government continues to progressively return to normalcy, the return of office workers bodes well for Suntec City Mall and its office buildings, resulting in a rebound in operational metrics. Office building completions will start to contribute from FY20.
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· The completion of 9 Penang Rd, 21 Harris and Olderfleet will begin to contribute from FY20 onwards, augmenting a strong rebound in DPUs.
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· Ride the cyclical recovery now that the vaccine is in sight. Chartwise - it is still upward trend!
Maintain BUY TP of S$1.81
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· Operational Updates: Office portfolio relatively stable, recording positive rental reversions Suntec City Mall recorded lower occupancy and negative rental reversion but tenant sales are back to 80% of pre-COVID levels in 3Q20.
·
· Impact from COVID-19: Early lease terminations and rent deferments were in line with previous estimates with some of these spaces backfilled.
·
· Attractive valuation below -1SD. Suntec REIT (Suntec) is trading at an attractive 0.7x P/NAV, below -1SD of its historical mean. At this price, we believe investors have priced in negatives while we see Suntec recovering as the economy reopens.
·
· Recovery with progressive return of office workers. As the government continues to progressively return to normalcy, the return of office workers bodes well for Suntec City Mall and its office buildings, resulting in a rebound in operational metrics. Office building completions will start to contribute from FY20.
·
· The completion of 9 Penang Rd, 21 Harris and Olderfleet will begin to contribute from FY20 onwards, augmenting a strong rebound in DPUs.
·
· Ride the cyclical recovery now that the vaccine is in sight. Chartwise - it is still upward trend!
Maintain BUY TP of S$1.81
Reasonable fair value!
Silo1234 ( Date: 19-Dec-2020 16:52) Posted:
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Maybank downgraded suntect to sell with tp 1.20. 😡 😡
DEAR MEDIUM TO LONG TERM INVESTORS, I like to invite you to look at SRI TRANG AGRO(STA) potentially for your own benefit as it is BOTH RUBBER AND GLOVES PLAY as well: Comparison between limjoeseph's 4th quarters projected results and STA's Management as follows:
Basis 4th quarters profits of limjoeseph's projected earnings of STGT(STA's subsidiary company IPO in July 2020) US$48 per box Gloves ASP to derive at earnings of US$236M (STA US$132M)
STGT Gloves ASP of US$54 per box to derive at potential earnings of US$278M (STA US$155)
Rubber Division: US$25M
Hose Division And Other
Dividend yield to follow.
NB: STA enjoys 56% of STGT earnings contribution.
Comparative Full Year results 2020 Dividend announcement in March after 4th quarters results release:
Limjoeseph:
30% of US$288M (8712M Bahts) to derive at 1.70 Bahts Dividend (S$0.075)
Dividend yield at current price of 26 Bahts (S$1.15) is 6.5%
50% of US$288M (8712M Bahts) to derive at 2.84 Bahts Dividend (S$0.126).
Dividend yield is 10.95%.
STA's Management:
30% of US$311M (9497M Bahts) to derive at 1.85 Bahts Dividend (S$0.081)
Dividend yield at 26 bahts(S$1.15) is 7.04%.
50% of US$311M (9497 Bahts) to derive at 3.09 Baths Dividend (S$0.138)
Dividend yield at 12%.
Pl note there the above is Gross Dividend before 10% Thai Tax.
NB:
Standard STA dividend policy payout is 30% but high possibility of 50% payout of earnings for dividend announcement in March 2021 for full year humongous earnings of 2020 results which will probably be an all time record profits high.
As usual, due diligence is warranted.
Maybank KE initiates Keppel Reit, Suntec Reit with ' sell'
MAYBANK Kim Eng has initiated " sell" on both Suntec Real Estate Investment Trust (Suntec Reit) and Keppel Reit with target prices of S$1.20 and S$0.90 respectively.
This comes as the research team sees further deterioration and headwinds for the Reits, it said in separate reports.
Maybank KE analyst Chua Su Tye said Suntec Reit' s slow retail recovery and rising office vacancy due to increasing work-from-home trends suggest weak fundamentals.
Mr Chua said the Reit' s inorganic initiative is a silver lining, as contributions rise in 2021 from 21 Harris Street and 477 Collins Street in Australia, together with the recently-acquired Nova properties in the UK.
Although these are likely insufficient to fully offset downward pressure in its existing operation, they could help it wean off capital distributions, which have been supplementing dividends, he added.
Maybank KE noted that Suntec Reit' s gearing post-Nova acquisition is the highest among peers at about 43 per cent. While Suntec Reit is keen on asset recycling to further lower gearing, the research team sees a neutral distribution per unit (DPU) impact given weak pricing power in this cycle.
" We see an overhang from a potential dilutive equity raising as Suntec Reit continues to pursue acquisition opportunities, given the high 43 per cent gearing, and valuations at 0.7 time price-to-book value," Mr Chua said.
Meanwhile, he said Keppel Reit' s DPU was " unexciting versus peers" . The research team continues to see headwinds for leasing out vacancies and at pressured rents, especially in the coming quarters as firms reassess options post-Covid-19.
Maybank KE anticipates further downsizing by Keppel Reit' s financial institution tenants - which comprise about 36 per cent of its net lettable area.
The research team noted that acquisition growth remains challenged by the Reit' s high trading yield versus tighter office yields. Deals are likely to dovetail with Keppel Reit' s sponsor' s plan to monetise S$3 billion to S$5 billion in assets, including Keppel Bay Tower and Keppel Towers, which has been earmarked for redevelopment.
Made 1 round already. I think still can buy but now I am focusing on MIT.
Joelton ( Date: 17-Dec-2020 09:19) Posted:
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Suntec Reit top pick for RHB on attractive valuations, earnings recovery
RHB on Wednesday said Suntec Real Estate Investment Trust (Suntec Reit) remains its preferred pick in the office/retail Reit space due to its attractive valuation and earnings recovery from its recently completed and acquired assets.
The Reit' s units are trading at 0.7 time price-to-book value (P/BV), the research team said in a research note. It maintained " buy" on the Reit with an unchanged target price of S$1.79.
Units of Suntec Reit were trading 0.7 per cent or S$0.01 lower at S$1.51 as at 10.41am on Wednesday.
RHB analyst Vijay Natarajan expects distribution per unit (DPU) to rebound by 25 per cent on the year in 2021, driven by full-year contributions from the Reit' s recently completed development assets, the absence of rental rebates and uplift from positive rent reversions signed.
" We estimate Suntec Reit will resume its capital top-up with the stabilisation of Covid-19 and have assumed S$10 million in capital top-ups for 2021," he said.
This comes as Singapore' s office occupancy remains high at 98.1 per cent in the year to date. About 348,500 square feet of leases were signed, of which around 30 per cent are new leases, RHB said.
While retail performance is improving, RHB expects pressure on occupancy to persist and overall occupancy to remain at about 90 per cent levels. It also estimates rents to remain under pressure with 5-15 per cent negative rent reversions for upcoming leases. Recovery for Suntec Reit' s convention wing is projected to come only in 2022.
Can still wait. Still very early.
kandinsky ( Date: 07-Dec-2020 19:51) Posted:
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Why not enter earlier?
beng1102 ( Date: 07-Dec-2020 19:42) Posted:
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If tomorrow open high, it could be a good chance to buy for short term gain.
WhereI ( Date: 04-Dec-2020 18:43) Posted:
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