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This price is cheap. Kopi $$ not a problem...
Congrats to those who listen my buy call at 1.56. Earn coffee $$ by now huat ah!
really wanting get in here for a decent hold, but looking for 1.50 entry le...hope can get soon...
1.56 entry point. Rebound soon
Entry price?
Greenbean ( Date: 15-Nov-2013 11:16) Posted:
Watch for Entry.
guoyanyunyan ( Date: 27-Aug-2013 13:02) Posted:
Suntec REIT: New city taking shapeBy Kevin Tan
Suntec REIT announced on 15 Aug that it has established a US$1.5b Euro Medium Term Note programme. We believe Suntec REIT may use this to address part of its refinancing needs due in 2014. If so, this will lock in part of its debts into fixed rates, enhance its debt maturity profile and improve its unencumbered asset ratio. Looking ahead, we remain positive on Suntec REIT?s performance. While its 2Q13 NPI and distributable income were down 38.5% and 18.7% YoY respectively due to the concurrent execution of Phases 1 and 2 of the remaking of Suntec City, we believe that the worst is likely over given that Phase 1 enhancement works were completed in Jun and the retail space there has since become operational. At current price, Suntec REIT trades at one of the lowest P/B in the S-REITs sector at 0.73x, while offering a compelling FY14F yield of 6.9%. We are revising our fair value from S$1.85 to S$1.80 due to higher risk-free rate. As valuations remain attractive and outlook is positive, we maintain BUY on Suntec REIT. Establishment of Euro MTN programme
Suntec REIT announced on 15 Aug that it has established a US$1.5b Euro Medium Term Note programme, with ANZ Bank, Citigroup Global Markets, DBS Bank and Standard Chartered Bank as arrangers and dealers for the exercise. This comes promptly after Suntec REIT has secured a S$500m five-year unsecured loan facility in Jul to refinance all its borrowings maturing in Oct 2013. We believe that Suntec REIT may possibly make use of the programme to issue longer-term unsecured notes to address (part of) its refinancing needs (S$773.5m club loan) due in 2014. This will be a positive development in our view, as Suntec REIT will not only be able to lock in part of its debts into fixed rates, enhance its debt maturity profile but also improve its unencumbered asset ratio. The programme has been assigned a ?Baa2? rating by Moody?s Investors Service.
Worst may be over
Looking ahead, we remain positive on Suntec REIT?s performance. While its 2Q13 NPI and distributable income were down 38.5% and 18.7% YoY respectively due to the concurrent execution of Phases 1 and 2 of the remaking of Suntec City, we believe that the worst is likely over given that Phase 1 enhancement works were completed in Jun and the retail space there has since become operational. Committed occupancy for Phase 1 has improved to 99.6% from the pre-commitment of 96.7% achieved in 1Q, whereas passing rent of S$13.99 psf pm was also significantly higher than the rate of S$11.31 for the rest of Suntec City Mall and S$12.59 projected for the whole project. Together with the continued strength and active lease management at its office segment, we are hopeful that any volatility in Suntec REIT?s financial performance is likely to be cushioned as it commences its Phase 3 (last phase) next year.
Maintain BUY
At current price, Suntec REIT trades at one of the lowest P/B in the S-REITs sector at 0.73x, while offering a compelling FY14F yield of 6.9%. We are revising our fair value from S$1.85 to S$1.80 due to higher risk-free rate. However, as valuations remain attractive and outlook is positive, we maintain BUY on Suntec REIT. ...last: $1.505...
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Watch for Entry.
guoyanyunyan ( Date: 27-Aug-2013 13:02) Posted:
Suntec REIT: New city taking shapeBy Kevin Tan
Suntec REIT announced on 15 Aug that it has established a US$1.5b Euro Medium Term Note programme. We believe Suntec REIT may use this to address part of its refinancing needs due in 2014. If so, this will lock in part of its debts into fixed rates, enhance its debt maturity profile and improve its unencumbered asset ratio. Looking ahead, we remain positive on Suntec REIT?s performance. While its 2Q13 NPI and distributable income were down 38.5% and 18.7% YoY respectively due to the concurrent execution of Phases 1 and 2 of the remaking of Suntec City, we believe that the worst is likely over given that Phase 1 enhancement works were completed in Jun and the retail space there has since become operational. At current price, Suntec REIT trades at one of the lowest P/B in the S-REITs sector at 0.73x, while offering a compelling FY14F yield of 6.9%. We are revising our fair value from S$1.85 to S$1.80 due to higher risk-free rate. As valuations remain attractive and outlook is positive, we maintain BUY on Suntec REIT. Establishment of Euro MTN programme
Suntec REIT announced on 15 Aug that it has established a US$1.5b Euro Medium Term Note programme, with ANZ Bank, Citigroup Global Markets, DBS Bank and Standard Chartered Bank as arrangers and dealers for the exercise. This comes promptly after Suntec REIT has secured a S$500m five-year unsecured loan facility in Jul to refinance all its borrowings maturing in Oct 2013. We believe that Suntec REIT may possibly make use of the programme to issue longer-term unsecured notes to address (part of) its refinancing needs (S$773.5m club loan) due in 2014. This will be a positive development in our view, as Suntec REIT will not only be able to lock in part of its debts into fixed rates, enhance its debt maturity profile but also improve its unencumbered asset ratio. The programme has been assigned a ?Baa2? rating by Moody?s Investors Service.
Worst may be over
Looking ahead, we remain positive on Suntec REIT?s performance. While its 2Q13 NPI and distributable income were down 38.5% and 18.7% YoY respectively due to the concurrent execution of Phases 1 and 2 of the remaking of Suntec City, we believe that the worst is likely over given that Phase 1 enhancement works were completed in Jun and the retail space there has since become operational. Committed occupancy for Phase 1 has improved to 99.6% from the pre-commitment of 96.7% achieved in 1Q, whereas passing rent of S$13.99 psf pm was also significantly higher than the rate of S$11.31 for the rest of Suntec City Mall and S$12.59 projected for the whole project. Together with the continued strength and active lease management at its office segment, we are hopeful that any volatility in Suntec REIT?s financial performance is likely to be cushioned as it commences its Phase 3 (last phase) next year.
Maintain BUY
At current price, Suntec REIT trades at one of the lowest P/B in the S-REITs sector at 0.73x, while offering a compelling FY14F yield of 6.9%. We are revising our fair value from S$1.85 to S$1.80 due to higher risk-free rate. However, as valuations remain attractive and outlook is positive, we maintain BUY on Suntec REIT. ...last: $1.505...
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i value this is one of the best sreits. Price is discounted by 30% and the dividend rate is 6%. I can't find other sreits that can be as good as suntec, (perhaps starhill?) .
Suntec REIT: New city taking shapeBy Kevin Tan
Suntec REIT announced on 15 Aug that it has established a US$1.5b Euro Medium Term Note programme. We believe Suntec REIT may use this to address part of its refinancing needs due in 2014. If so, this will lock in part of its debts into fixed rates, enhance its debt maturity profile and improve its unencumbered asset ratio. Looking ahead, we remain positive on Suntec REIT?s performance. While its 2Q13 NPI and distributable income were down 38.5% and 18.7% YoY respectively due to the concurrent execution of Phases 1 and 2 of the remaking of Suntec City, we believe that the worst is likely over given that Phase 1 enhancement works were completed in Jun and the retail space there has since become operational. At current price, Suntec REIT trades at one of the lowest P/B in the S-REITs sector at 0.73x, while offering a compelling FY14F yield of 6.9%. We are revising our fair value from S$1.85 to S$1.80 due to higher risk-free rate. As valuations remain attractive and outlook is positive, we maintain BUY on Suntec REIT.
Establishment of Euro MTN programme
Suntec REIT announced on 15 Aug that it has established a US$1.5b Euro Medium Term Note programme, with ANZ Bank, Citigroup Global Markets, DBS Bank and Standard Chartered Bank as arrangers and dealers for the exercise. This comes promptly after Suntec REIT has secured a S$500m five-year unsecured loan facility in Jul to refinance all its borrowings maturing in Oct 2013. We believe that Suntec REIT may possibly make use of the programme to issue longer-term unsecured notes to address (part of) its refinancing needs (S$773.5m club loan) due in 2014. This will be a positive development in our view, as Suntec REIT will not only be able to lock in part of its debts into fixed rates, enhance its debt maturity profile but also improve its unencumbered asset ratio. The programme has been assigned a ?Baa2? rating by Moody?s Investors Service.
Worst may be over
Looking ahead, we remain positive on Suntec REIT?s performance. While its 2Q13 NPI and distributable income were down 38.5% and 18.7% YoY respectively due to the concurrent execution of Phases 1 and 2 of the remaking of Suntec City, we believe that the worst is likely over given that Phase 1 enhancement works were completed in Jun and the retail space there has since become operational. Committed occupancy for Phase 1 has improved to 99.6% from the pre-commitment of 96.7% achieved in 1Q, whereas passing rent of S$13.99 psf pm was also significantly higher than the rate of S$11.31 for the rest of Suntec City Mall and S$12.59 projected for the whole project. Together with the continued strength and active lease management at its office segment, we are hopeful that any volatility in Suntec REIT?s financial performance is likely to be cushioned as it commences its Phase 3 (last phase) next year.
Maintain BUY
At current price, Suntec REIT trades at one of the lowest P/B in the S-REITs sector at 0.73x, while offering a compelling FY14F yield of 6.9%. We are revising our fair value from S$1.85 to S$1.80 due to higher risk-free rate. However, as valuations remain attractive and outlook is positive, we maintain BUY on Suntec REIT.
...last: $1.505...
Units of Suntec REIT, which owns retail and office properties, rose as much as 2.3% and were among the top traded stocks by value in the Singapore market.
The company reported distribution per unit (DPU) of 2.249 cents for its second quarter, down 4.7% from a year earlier, mainly due to partial closure of its Suntec City Mall and Suntec Singapore for improvement works.
Maybank Kim Eng said Suntec is one of the few Singapore REITs with a DPU compound annual growth rate of 4% from 2012 to 2015, following the major overhaul at Suntec City. The broker maintained its “buy” rating and $1.75 target price.
CIMB Research said Suntec’s valuation at 0.75 times price-to-book-value is attractive compared to the trust’s peers. It maintained its “outperform” rating and $1.68 target price.
...last done: $1.585...
StewardLittle ( Date: 19-Jul-2013 13:28) Posted:
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Results out tonight. Good or bad news? |
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Results out tonight. Good or bad news?
It needs to break $1.62 ...
Singapore Office Sector - Respite May Be Brief
Author: kimeng |
Publish date: Thu, 11 Jul 09:55
Slide stemmed, for now. Early indications suggest that the office rental market appears to have stabilized for now, following a 9% correction in Grade A rents in 2012. However, we believe that the respite may be brief, with further downside likely in 2014 following the completion of Asia Square Tower 2 later this year, in our view. Our HOLD recommendations on CapitaCommercial Trust (CCT SP) and Keppel REIT (KREIT SP) are maintained ahead of their 2Q13 results.
Temporal shortage boosts near-term optimism. It has been nearly a year since the completion of the last major Grade A office development in the form of One Raffles Place Tower 2. Since early 2013, landlords have been taking advantage of the temporary lack of new supply as leasing demand from a diverse pool of small tenants allowed recent Grade A completions (e.g. MBFC Tower 3 and Asia Square Tower 1) to fill up to over 90% occupancies. However, we think the dynamics will change again, once the 775,000 sq ft Asia Square Tower 2 is completed in around Sep 2013, as its pre-commitment level remains sub-par at around 20%.
Demand drivers are sorely lacking. Even as business expectations improved in 2Q13 which helped to support office rents, we think that demand is insufficient to drive rentals up substantially, especially when there is ~600,000 sq ft of Grade A space left to fill at Asia Square Tower 2. Local and regional economic growth remains challenging and expectations for growth in 2014 may also have to be moderated. We now expect flat Grade A rents in 2013 and a 5%-decline in 2014. For Grade B offices, we expect rental declines of 5% and 10% respectively in 2013 and 2014, as the relocation process gathers pace.
Stable earnings likely in 2Q13. We expect the office REITs, namely CCT and KREIT, to report flattish QoQ DPU growths in 2Q13. For CCT, we will be looking out for the progress of backfilling at Capital Tower. For KREIT, 2Q13 is expected to similarly be a non-event, as the acquisition of 8 Exhibition Street in Melbourne is only expected to be completed on or around 1 August 2013.
Not expecting a turnaround story. We see limited upside for the office REITs from rental reversion and we think it is still too early to buy into the turnaround story. On the other hand, we have adjusted our DDM valuations to incorporate a higher risk-free rate of 3% and higher cost of equity, to reflect the current market adjustment to the potential of the U.S. Fed tapering on its quantitative easing. Maintain HOLD on CCT (TP: SGD1.28) and KREIT (TP: SGD1.15).
Suntec REIT – Will It End The Strong Rebound?
From the weekly chart, we can clearly see that Suntec REIT has been in a downtrend over the past two month.
Generally, it is relatively safe to sit on the short side. For the past two weeks, Suntec REIT rebounded strongly without any deep pullback. It will be relatively safe to short on rebound when bulls used up their energy.
Despite Suntec REIT went up yesterday, it was not able to hold at high end when the market closed. This indicates that sellers may start to control this stock for the next few days. One may consider shorting if it rebounds to around 50 percent Fibonacci retracement level.
Weekly Chart Of Suntec REIT
Daily Chart Of Suntec REIT
Although Suntec REIT is undervalue, high gearing is a big concern.. watch out for further drop if there is sudden interest hike!
http://mystocksinvesting.com/singapore-reits/singapore-reits-comparison-table-for-dividend-investing-as-passive-income-june-2013/
...this stock in sympathy with the disgraced troubled pastor??
... drop a lot leh.
...wtf
Suntec on downtrend, switch to short.
marubozu1688 ( Date: 24-May-2013 13:25) Posted:
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