Latest Forum Topics / Suntec Reit Last:1.14 -- | Post Reply |
Suntec REIT
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freeman_5js
Senior |
19-Nov-2010 17:34
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haha pretty normal. For a stock to rise there is always down n up. Onli by dropping den it will go higher. Dividend wise not bad.. So juz hold den since u entered | ||||||||||||||||||||||||
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blueheat
Member |
19-Nov-2010 16:26
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haha i can hold forever. just dun feel good it going down thats all. hahah. recently how come STI like bleeding red? all my counters all red! | ||||||||||||||||||||||||
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Blastoff
Elite |
19-Nov-2010 16:00
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Why worry if you can hold long?... The price you bought is still below its NAV.
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blueheat
Member |
19-Nov-2010 15:45
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so how low will it go? i bought @ 1.50. im i deep shit... | ||||||||||||||||||||||||
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freeman_5js
Senior |
19-Nov-2010 15:14
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Suntec acquisition of 1/3 interest in Marina Bay financial Centre An Marina Link Mall Sound Gd in tt future. Wondering is tat y Suntec Counter is dropping this few days ~ Need some funds |
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epliew
Supreme |
19-Nov-2010 13:48
Yells: "no worries be happy !" |
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wow
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wz_poems
Member |
19-Nov-2010 11:09
Yells: "enjoy ur life and be happy! :)" |
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all 1 lot selling..why so weird one? | ||||||||||||||||||||||||
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bsiong
Supreme |
19-Nov-2010 08:45
Yells: "The Greatest Wealth is Health" |
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Suntec REIT: Initial yield on MBFC tight but consider strategic merits. Summary: As announced previously, Suntec REIT will acquire a one-third stake in Marina Bay Financial Centre(MBFC) Phase 1 at S$2400 per square foot (ex-rental support). The transaction is subject to unitholder approval, with an EGM being called for Friday, 26 Nov at 10 AM. In the unitholders’ circular, Suntec said it plans to fund the total acquisition cost through debt (72%) and a private placement (28%). MBFC is being acquired at a fairly tight initial yield of 4%, but we view this as a sound acquisition from a long-term, strategic perspective. We have revised our earnings estimates to incorporate the proposed acquisition, which we assume is completed on 01 Jan 2011. We have revised our issue price assumption down from S$1.50 per unit to S$1.30 per unit, but our fair value estimate slips only marginally from S$1.64 to S$1.63 due to the lower-than-expected cost of debt. With an estimated total return of 19.1%, maintain BUY. (Meenal Kumar) /PS |
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MikeL2009
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28-Oct-2010 16:17
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Other investment houses upgraded TP. Only JP Morgan so I've come across came up with a downgrade. Looks like they are looking to buy Suntec! |
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axlaxlaxl
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28-Oct-2010 15:38
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i will stay clear from this stock...surely another rights issue is coming up soon | ||||||||||||||||||||||||
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pharoah88
Supreme |
28-Oct-2010 15:20
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TODAY Thursday: 28 10 2010 Suntec Reit Underweight | $1.54 JPMorgan downgrades from “Neutral”, cuts target price to $1.35 from $1.40 on proposed Marina Bay Financial Centre acquisition, as “the estimated acquisition yield of 4 per cent is not enough compared to the trust’s cost of capital of 4.5 to 4.7 per cent”. Adds that buy would expose Suntec Reit to potential equity fundraising risks given that full debt financing would bring Suntec’s gearing to 47 per cent, beyond optimal level of 40 per cent. |
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flyersummer
Member |
27-Oct-2010 20:48
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Suntec REIT - Acquisition of MBFC Phase 1 Acquisition of MBFC Phase 1 Maintain Outperform.
The news and our comments Details on MBFC 1.
The office towers boast a long weighted average lease expiry of 10.3 years and blue-chip tenants like Standard Chartered Bank, Barclays and Nomura. Valuation and recommendation |
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freeman_5js
Senior |
21-Sep-2010 23:30
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embarking on a up trend ~ riding up | ||||||||||||||||||||||||
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pharoah88
Supreme |
28-Jul-2010 16:18
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Keeping GOD in place Protecting the secular common space has become more vital with increased public religious activity I In April, Deputy Prime Minister and Home Affairs Minister Wong Kan Seng noted that religious groups were becoming “more visible in the public sphere” as “religious worship was no longer confined to traditional places of worship”. He observed that “the success charismatic churches have had in organising mega-sermons outside purpose-built church buildings have inspired other religious groups to organise similar largescale worship events at commercial venues such as shopping centres and exhibition halls”. To the Government, these trends are seen to be “a further encroachment of religion into the common space”. And the Inter-Religious Organisation acknowledged, “there are usually some elements of proselytisation ... even if subtle”. The latter had suggested the Government draw up guidelines on “how much is too much” where it comes to publicity efforts and usage of prime areas, so that there is “no sense of unfair encroaching on common spaces”. So, it was not a question of whether to have a regulatory framework — rather, it was how and when to regulate. This raises the question of the limits that might be reasonably placed on what Singaporeans do in connection with their religious beliefs. t comes as no surprise that the guidelines on the non-exclusive use of commercial spaces for religious activities were issued last week. |
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freeman_5js
Senior |
26-Jul-2010 21:06
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CD coming |
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alexchia01
Elite |
21-Jul-2010 12:34
Yells: "Catch The Stars And Ride With Them" |
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I feel that churches or any other religious organizations should focus on enhancing their faith and spreading their words, not to invest and make money. To support the organization with cash is the role of the members. The church's role is to help as many people as they can. When I give my money to a church, I want them to use the money to help people in need, not to invest them. If they have excess cash,in City Harvest case $310m, they should think about how to help more people rather than investing. Investing my money is my job, not their.
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gutman
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21-Jul-2010 12:07
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I find it interesting that the media kept talking about the $310 mil that City Harvest Church invest in Suntec Singapore International Convention & Exhibition Centre. The fact is, a fund known as ARA Harmony Fund, bought Suntec Singapore International Convention & Exhibition Centre for $235 mil. ARA Harmony Fund is a joint venture with Suntec Real Estate Investment Trust and other private investors. City Harvest Church is just one of these private investor. Now, the question that should be raised is, why the mentioned of S$310 mil when the convention centre was sold only for S$235mil. Hmm.... |
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pharoah88
Supreme |
21-Jul-2010 11:56
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Keeping a secular space URA releases guidelines on the use of commercial areas ALICIA WON G and IMELD A SAAD alicia@mediacorp.com.sg SINGAPORE For the first time, guidelines on the use of commercial spaces for religious activities were released. They give religious groups “some flexibility” to use commercial premises, while ensuring the latter remains as “secular spaces that can be enjoyed by people from all segments of society”, the Urban Redevelopment Authority (URA) and Ministry of Community Development, Youth and Sports said in a joint statement. As long as they do not cause disturbances, religious groups can use, say, auditoriums, convention centres and cinemas, in a “limited, non-exclusive” way. Posters and advertisements of the religious activity cannot be displayed in or outside the building as well. The published guidelines, which were previously URA’s “internal guiding principles”, seek to provide “greater clarity to religious organisations and building owners on what can or cannot be allowed within commercial developments”, said a URA spokesperson. In April, Deputy Prime Minister and Home Affairs Minister Wong Kan Seng cited concerns that religious groups were becoming more visible in commercial places and were becoming more assertive in evangelising. Singapore Expo and Suntec Reit, which house worship services, said they comply with the guidelines and foresee no impact on their business. Faith Community Baptist Church (FCBC) senior pastor Lawrence Khong concurred that his church complies with the guidelines. For example, a religious organisation can only use up to 10,000 square metres of a commercial venue’s gross floor area at any one time, to ensure “a single religious organisation doesn’t dominate a particular commercial development”. In total, religious activities can only take up to 20,000 sq m, or 20 per cent of the total gross floor area of a commercial development, whichever is lower. FCBC rents one hall in Expo, of about 10,000 sqm. Together with City Harvest Church, which rents another hall, they are within the 20,000 sq m limit. “Personally, I’m a little bit confounded as to the real reason behind (the guidelines),” Mr Khong said. With many churches growing, he added, “instead of waiting for a handout (such as land) from the Government ... we go and make commercial arrangements”. — If it was not clear before, the message could not have been plainer yesterday: Commercial equals secular. |
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pharoah88
Supreme |
21-Jul-2010 11:46
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an OFF-guardity ? ? ? ? OR REVERSAL ? ? ? ? WHY the investments were nOt STOPPED at the beginning ? ? ? ? How would this affect the share price ? ? ? ?
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pharoah88
Supreme |
21-Jul-2010 11:43
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Rental without restrictions So, where does this leave the churches? SINGAPORE So, where does this leave City Harvest Church with its $310-million stake in Suntec Singapore? Or New Creation Church, whose business arm is partnering CapitaMalls Asia to build a $1-billion lifestyle hub in One North? The Urban Redevelopment Authority (URA) said the Civic, Cultural and Retail Complex at One North is approved as a “mixed development for civic, cultural and commercial uses”. This means the auditorium is to be operated by Rock Productions — New Creation’s business arm — on a commercial basis and to be open for rental without any restrictions. “However, non-exclusive and limited religious use can be allowed based on our guidelines,” said a URA spokeswoman. While the church declined comment, MediaCorp understands that Rock Productions is aware the complex is not zoned for religious use but as a mixed development. As for Suntec City’s deal with City Harvest, the URA spokeswoman said it was a “private matter between the two parties”. While the authority is not privy to the details of the agreement, the spokeswoman noted that Suntec City was an approved commercial development and use of the premises must adhere to this, “regardless of ownership”. A City Harvest spokesperson said it is studying the guidelines’ implications and will provide a “substantive response” at a later date.
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