Suntec Reit    Last:1.44    +0.01

Suntec REIT

next week shld rebound,. OVERSOLD.

 

Who buying / selling $1.23 ah ?

 

124!!  holy crap

 

aiyo ends at 126. 

 

Who is selling and buying at $1.27 ???

 

Stabilise at 1.27. good support here

 

entered at 127

 

Suntec Reit posts 27.7% fall in DPU for Q1 retains 10% of distributable income as virus crisis deepens in Q2

THU, APR 23, 2020 - 5:50 AM

SUNTEC Real Estate Investment Trust (Suntec Reit) on Wednesday posted a 27.7 per cent drop in distribution per unit to 1.76 Singapore cents for the first quarter ended March 31, down from 2.434 cents a year earlier.

This was due to lower distributable income from...
https://www.businesstimes.com.sg/companies-markets/suntec-reit-posts-277-fall-in-dpu-for-q1-retains-10-of-distributable-income-as

 

still paying 1Q dividend===>

Suntec REIT has announced a distribution of 1.760 cents per unit in Suntec REIT for the period of 1 January 2020 to 31 March 2020, comprising a taxable income component of 1.669 cents per unit and a tax-exempt income component of 0.091 cents per unit.
xd 29april
pay on 28may.
============== Good
 

 

Vested at 1.42

 

See how REITs rebounded strongly........

 

seems like big funds are in.. vested

 

Suntec Reit unit obtains A$450m green loan

FRI, MAR 20, 2020 - 8:35 AM

THE trustee of Suntec Real Estate Investment Trust&rsquo s (Suntec Reit) wholly-owned Australian subsidiary has taken out a A$450 million (S$378.9 million) green loan.

It will be used to refinance existing borrowings, finance or refinance acquisitions and/or investments and/or for general working capital purposes, Suntec Reit&rsquo s manager said in a bourse filing on Thursday evening.

In Australia, the real estate investment trust holds the entire interest in a commercial building in Sydney, a half stake in Melbourne integrated development Southgate Complex, a half stake in a commercial building to be developed on Collins Street in Melbourne, and a 100 per cent interest in a commercial building in Adelaide.

The green loan agreement includes a condition that stipulates that it will be a review event if Suntec Reit&rsquo s manager ceases to be a subsidiary of ARA Asset Management, or if it ceases to be the manager of Suntec Reit unless the replacement or substitute manager is an affiliate of ARA.

If the review event occurs, the lender may require the Australian subsidiary, Suntec Reit (Australia) Trust, to prepay the outstanding amount under the green loan. About S$3.49 billion (excluding interest) of Suntec Reit&rsquo s debt facilities may be affected in this situation, including from cross defaults, and of this amount, S$3.24 billion is drawn and outstanding as at Thursday.

Units of Suntec Reit tumbled S$0.13 or 10.3 per cent to close at S$1.13 on Thursday, before the announcement.

https://www.businesstimes.com.sg/companies-markets/suntec-reit-unit-obtains-a450m-green-loan

 

Before covid,  trading at 1.8 to 1.8x.
Now at 1.26. Quite resilient .

Checked the past years chart, think ladt financial Crisis it went down to 50 something.???

Any idea good entry price ? maybe too early to tell

 

 

past 4 days kenna hammered already. if dont rebound sure drop below 1.

SteadyInvest      ( Date: 20-Mar-2020 09:40) Posted: Suntec always rebounced back swiftly after a sharp decline

 

Suntec always rebounced back swiftly after a sharp decline

 

Strong support at 1.79

 

On a downward trend

 

Div drop by 9.4%

 

Last:1.87      Vol:12840k        +0.0
technicals look good for further upside
look out for the rally
gd luck dyodd