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do you think suntec will give div next qtr??
Yes, yonders back. But, what is good for shareholders is bad for the workers.
wiltay ( Date: 27-Aug-2020 21:29) Posted:
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are u vested in this counter?
Goldfinger ( Date: 27-Aug-2020 21:27) Posted:
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This is the cost of the SG Lockdown. They should really open up faster now. Many people are going to lose their jobs, never to return. But, good for the company and shareholders.
Nearly half of Suntec Singapore' s workforce to be retrenched as COVID-19 hits meetings and exhibitions industry
anyone into this? so quiet?
want to invest in this counter.... any suggestion? price look very stable...
https://www.theguardian.com/australia-news/2020/aug/04/victoria-stage-4-restrictions-melbourne-lockdown-rules-covid-19-stage-four-metropolitan-metro-explained-what-you-need-to-know
Stage four restrictions have been introduced across metropolitan Melbourne from Sunday 2 August for six weeks.
A good-looking new building..
Suntec Reit announces completion of premium Melbourne office development
SUNTEC Reit announced on Monday that its office development, Olderfleet, at 477 Collins Street in Melbourne, Australia, received practical completion on July 31, 2020.
Suntec Reit co-owns the development with Australian property firm Mirvac.
Chong Kee Hiong, chief executive of the manager, said that with income commencement from this month, the development will enhance the Reit&rsquo s income and improve its earnings and distribution to unitholders, with the long weighted average lease expire of about 11 years and annual rental escalations of between 3.5 per cent and 4 per cent.
The Reit said that Olderfleet is a premium-grade office building with a net lettable area of 58,000 sq m this comprises 56,000 sq m of office space and 2,000 sq m of retail space.
The property has achieved a pre-commitment of 97 per cent, with additional 0.2 per cent with heads of agreement signed. There is also a five-year rent guarantee on vacant spaces.
The property is located within the Melbourne central business district. It is well-connected, with four tram lines serving Collins Street.
This fall in DPU is expected and the figure shows the strong resiliance of this Reit, which is stable for the long run.
Suntec Reit posts 31.3% drop in H1 DPU to 3.293 S cents
SUNTEC Real Estate Investment Trust (Suntec Reit)' s distribution per unit (DPU) fell by 31.3 per cent to 3.293 Singapore cents for the six months ended June 30, from 4.795 cents a year ago.
This comprises a DPU of 1.76 cents for the three months ended March 31 and a DPU of 1.533 cents for the three months ended June 30, the real estate investment trust' s (Reit) manager said in a regulatory filing on Thursday.
Gross revenue was down 16.1 per cent to S$149.4 million for the half year, from S$178.1 million a year ago. This was mainly due to a drop of S$14.9 million and S$22.7 million in revenue from Suntec City and Suntec Singapore respectively, and lower revenue from 177 Pacific Highway, a commercial building in Sydney in which Suntec Reit holds a 100 per cent stake.
Suntec Reit owns Suntec City, which is an integrated commercial development comprising 813,753 square feet (sq ft) of net lettable area in Suntec City Mall, certain office units in Suntec Towers One, Two and Three, as well as the whole of Suntec Towers Four and Five.
Meanwhile, Suntec Singapore comprises Suntec Singapore Convention & Exhibition Centre and 141,959 sq ft of net lettable area in Suntec City Mall. Suntec Reit wholly owns Suntec City Mall, and a 60.8 per cent effective interest in the convention centre.
The Reit' s manager added that the drop in revenue was partially offset by contributions from 21 Harris, a freehold property in Sydney, and 55 Currie, a freehold office building in Adelaide, which were respectively acquired on April 6, 2020, and Sept 10, 2019. Suntec Reit owns 100 per cent interest in both properties.
Net property income fell 20.6 per cent on the year to S$91 million for the quarter, from S$114.6 million.
Distributable income declined 21 per cent year on year to S$103.1 million, from S$130.5 million.
The distribution of 1.533 cents per unit for the three months ended June 30 will be paid on or about Aug 27, after books closure on Aug 3. The distribution of 1.760 cents per unit for the three months ended March 31 was earlier paid on May 28.
The chief executive officer of the Reit' s manager, Chong Kee Hiong, said that the manager had retained 10 per cent of the distributable income from operations and held back its capital distribution in H1 to " maintain financial flexibility in view of the evolving Covid-19 situation" .
" This is to achieve balance between providing a reasonable return to unitholders, building cash reserve as well as assisting our tenants to weather this period," he added.
div cut at $15.33 per 1000 shares. down from $24.
its wall street jaron... basically futures expire... and fund managers may adjust their portfolio .. just that when they withdraw, because their portfolio is so big, they will cause an impact on the market
hokpin ( Date: 19-Jun-2020 22:22) Posted:
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they might be parking the money in other funds
Guojing ( Date: 19-Jun-2020 21:47) Posted:
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Bro, I really felt surprise when I saw few counter closed a big gap down after trading hours, such like CMT, Fraser Ctr Point Trust, Suntec Reit...What do you mean triple witch?
Due_Dilligence ( Date: 19-Jun-2020 22:13) Posted:
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It?s triple witch. No worries
UOB,OCBC, DBS, SATS, Dairy Farm, Jardin C&C, Wilmar, SIA,Capitaland, SIA, Suntec Reit, Ascenda Reit, Mapletree Com, Frasers Ctr Trust,Capitalmall Tust,Lendlease etc same sell off last few mins. Is like a few big funds concerted effort of withdrawal from the market.
Guojing ( Date: 19-Jun-2020 21:47) Posted:
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why a sudden sell down for the last 5min ? anyone knows thks
i observe around.. i think short-mid term correction over many counters.
hold long should be ok bah... once vaccine ok already. people can go back to work as per normal and spend as per normal.
hold long should be ok bah... once vaccine ok already. people can go back to work as per normal and spend as per normal.
fooking shit.. all sell and wait. nabei