Post Reply
681-700 of 758
Go down some more... lousy yield.
Post-placement of $350m to repay existing debt, Daiwa reiterates BUY rating but lowers TP to $1.92 (from $2.00). Following the placement, gearing should no longer be an issue for investors that were uncomfortable with Suntec?s financial position before. Although the purported reason for the placement is to repay debt, Daiwa believes there could be other considerations for the placement, such as an opportunity to buy over the remaining 39.2% stake in Suntec Singapore International Convention & Exhibition Centre or possibly an acquisition in Singapore. Daiwa estimates Suntec REIT to be trading at 5.6% distribution yield based on the current price of $1.69.
you can say that. Unless the private subscribers are willing to strike a deal with you.
pantoo ( Date: 19-Mar-2014 14:36) Posted:
|
Hi all,
can I assume that all private placements are not applicable to retail investors?
staphy82 ( Date: 18-Mar-2014 20:08) Posted:
|
is this a knee jerk action that price has gone down ?
Private unit placement 
|
 |
|
Suntec REIT?s Q4 DPU up 10.1%
PUBLISHED: 23 JANUARY, 10:14 PM
SINGAPORE ? Suntec Real Estate Investment Trust?s (Suntec REIT) distribution per unit for the fourth quarter jumped 10.1 per cent from the corresponding period in the previous year, boosted by the opening of Suntec City Mall Phase 1 and Suntec Singapore following renovation work.
DPU for the three months ended Dec 31 amounted to 2.562 cents, up from 2.326 cents previously. The total amount available for distribution rose 11 per cent to S$58.2 million, the trust manager said on Thursday. Net property income for the period surged 62.9 per cent to S$49.8 million after gross revenue jumped 30.2 per cent to S$71.6 million.
During the quarter, Suntec REIT acquired 177-199 Pacific Highway, a freehold plot of land and property in Sydney to be developed for A$413.2 million. The 31-storey commercial tower is 100 per cent pre-committed and when completed in early 2016, it will be North Sydney?s newest landmark office tower.
On Suntec REIT?s first overseas acquisition, Mr Yeo See Kiat, Chief Executive of the trust manager, said: ?In addition to being a strategic fit with Suntec REIT?s portfolio of high quality commercial assets, the transaction will improve earnings and boost distribution income to unitholders as there will be coupon payments of 6.32 per cent per annum payable to Suntec REIT during the construction. Unitholders will also enjoy income certainty and stability through the long lease terms with annual rental escalations.?
PUBLISHED: 23 JANUARY, 10:14 PM
SINGAPORE ? Suntec Real Estate Investment Trust?s (Suntec REIT) distribution per unit for the fourth quarter jumped 10.1 per cent from the corresponding period in the previous year, boosted by the opening of Suntec City Mall Phase 1 and Suntec Singapore following renovation work.
DPU for the three months ended Dec 31 amounted to 2.562 cents, up from 2.326 cents previously. The total amount available for distribution rose 11 per cent to S$58.2 million, the trust manager said on Thursday. Net property income for the period surged 62.9 per cent to S$49.8 million after gross revenue jumped 30.2 per cent to S$71.6 million.
During the quarter, Suntec REIT acquired 177-199 Pacific Highway, a freehold plot of land and property in Sydney to be developed for A$413.2 million. The 31-storey commercial tower is 100 per cent pre-committed and when completed in early 2016, it will be North Sydney?s newest landmark office tower.
On Suntec REIT?s first overseas acquisition, Mr Yeo See Kiat, Chief Executive of the trust manager, said: ?In addition to being a strategic fit with Suntec REIT?s portfolio of high quality commercial assets, the transaction will improve earnings and boost distribution income to unitholders as there will be coupon payments of 6.32 per cent per annum payable to Suntec REIT during the construction. Unitholders will also enjoy income certainty and stability through the long lease terms with annual rental escalations.?
Upside is limited for Suntec REIT.
http://mystocksinvesting.com/singapore-stocks/capitaland/why-most-investors-lose-money-in-real-estate-and-property-stocks-in-2013/
I noticed that there are a sum of 750 Million that is due in 2014.
Will it caused an rights issue for repayment?
does seem like a good time to get some lots bought up while it is still on the low/dipping side IF have some holding power. DYODD.
Suntec REIT: En route to sustainable recovery
Suntec REIT has essentially locked in robust growth over the next few years with its strong asset management and execution. Its Phase 1 asset enhancement initiative (AEI) of Suntec City has proven to be a success, as significantly higher rentals were achieved post the enhancement works. We understand that Phase 2 AEI is on track for completion in 4Q13, and that leasing interest has been equally optimistic. While we may potentially see some weakness as Suntec REIT prepares for Phase 3 AEI in the immediate term, we believe it has laid the foundation for sustainable growth in the years ahead.
In mid-Nov, Suntec REIT also made its first overseas investment with the acquisition of 177-199 Pacific Highway in Australia. We are positive on the acquisition as we see several strong merits in the transaction. While we have earlier voiced our concerns on Suntec REIT?s gearing and exposure to forex following the acquisition, management said that it will perform currency hedge on the property?s income stream, and that gearing is not expected to breach 40%. In view of Suntec REIT?s growth potential and current compelling valuation, we maintain our BUY rating and S$1.90 fair value. (Kevin Tan)
...last: $1.50...on sideways movement...6-mth low: $1.46...
Daiwa reiterate Buy, TP $2.00, still the top pick. Note that investor concerns over Suntec's acquisition of 177-199 Pacific Highway, a 31-storey office tower under development in the North Sydney CBD, are unfounded and its current 25% discount to book value (of SGD2.053) is excessive. Suntec will buy the property for AUD413.9m, which will provide a 4-year rental guarantee to Suntec for any vacancies in the remaining space on the prime top floors. Suntec expects an initial NPI yield of 6.9% for the first year (scheduled to open in early 2016). Believe this looks reasonable as the recent transaction cap rates since June 2013 were in the 5.8-6.5% range for the Sydney CBD. Believe the Australian acquisition would be DPU accretive with minimal leasing risk, have negligible impact on the gearing, and would not trigger an equity fundraising exercise
marubozu what would be a gd entry price?
marubozu1688 ( Date: 17-Nov-2013 09:31) Posted:
|
Is it change of direction already? Be AWARE. If volumes are still high, Institutions are still selling.
My concern with this stock is the management. I will re-enter when the risk reward ratio is better.
southpark ( Date: 17-Nov-2013 09:34) Posted:
|
Supply still strong without any demands yet..once we will there is demand again, this stock will vroom vroom vroom again..! :)
Not vested yet for the time being, but will definitely put this in my watch list when to jeep in again..
Huat ah..!
Suntec REIT failed to clear 200D SMA resistance.
http://mystocksinvesting.com/singapore-stocks/suntec-reit/suntec-reit-bull-cannot-make-it/
marubozu1688 ( Date: 20-Oct-2013 15:55) Posted:
|
Yes, bears are still in control..till the day the bull turns up, then can sit down and relax first before jumping in.. :)
Selling not over yet. Can wait for kopi gao. Shiok shiok hor.