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Suntec Reit
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Suntec REIT
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Jackpot2010
Master |
07-Jan-2010 10:31
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Hit new high $1.44! | ||||
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freeman_5js
Senior |
31-Dec-2009 01:47
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moving positve ~ well for dividend maybe u can try estimating by using 09 account. nt realli sure if there any other ways for it. |
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aircraft
Veteran |
28-Dec-2009 08:29
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Hi All, Is there anywhere that we can find out the amount dividends to be given out on 2010 ? Thanks. |
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elysian
Member |
23-Dec-2009 15:47
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Its unlikely that they will issue rights for any new acquisitions - current gearing has been reduced to 30% from 34%. Most probable means of acquisitions will be via new bank loans, at depressed interest rates ofcos. Not too late to load up.
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Jackpot2010
Master |
23-Dec-2009 15:22
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Refinancing of existing loan due only in 2011 - 2 years away. But Suntec may buy into Marina Bay Financial Centre next yr - then that will call for rights issue for sure.
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des_khor
Supreme |
23-Dec-2009 10:15
Yells: "Tell me who is the God or MFT from this forum??" |
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All reits are comes with refinance issue... shorterm play and better sell before the refinance due date. | ||||
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victorf
Master |
23-Dec-2009 10:12
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neutral at this stage as rally fast and furious over last few days....can take some profit off table if you want...or keep for longer term....good luck :) | ||||
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Jackpot2010
Master |
22-Dec-2009 12:01
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Rumours that UBS + hedge funds bought into this counter - in anticipation of Marina IR grand opening (Apr 2010). IF hit $1.50 maybe time to take some money off the table n move to 2nd/3rd liners. | ||||
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victorf
Master |
22-Dec-2009 10:26
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buy on dip....good luck :) | ||||
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lesliesiaky
Member |
22-Dec-2009 00:45
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Share price is well below NAV, good dividend, no short term finance risk, prime property...approx 10% dilution with the offering of new units though but should still be a healthy stock. Still a good buy, mid term wise for another 18 months. Bought some few months back to collect dividends when it is below $1 |
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Jackpot2010
Master |
21-Dec-2009 16:27
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Those who hold the share - now gain div 2.8c + higher price @1.28. Hitting UBS tp $1.44 & CIMB tp $1.51 soon.... | ||||
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victorf
Master |
21-Dec-2009 15:58
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as said BUY ON DIP....good luck :) | ||||
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victorf
Master |
21-Dec-2009 09:39
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buy in dip...will benefit from the circle line, IR opening (MBFC) and recovery of office rental (aka. through Singapore GDP recovery) next year....the share overhang due to potential fund raising cleared and hence it should trend up as uncertainty removed....good luck :) | ||||
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Jackpot2010
Master |
16-Dec-2009 23:08
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Telext stated ex-div tmr - Thurs 17 Dec. But SGX announcment is 21 Dec for closure of books for div entitlement. Better to heck before buying or selling tmr. Anyway prices will remain stable tmr whether ex or cum-div.
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WeiQiQi
Member |
16-Dec-2009 17:02
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same sentiment here... let's see what happen next week.
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victorf
Master |
16-Dec-2009 10:36
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last 1-2 days to buy and get dividend....no more after that....buy and keep for the circle lines' event next year....another SHIOK counter which can get dividend every 3 months (like STARHUB)...near to 10% yield (potential for growth once circle line is up and IR in Marina is up next year....good luck :) VESTED now!!! |
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Jackpot2010
Master |
16-Dec-2009 08:50
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CIMB (15 Dec 09): Private placement to raise gross proceeds of S$153m Maintain Outperform; target price S$1.51 Suntec REIT completed a private placement of 128.5m units on 11 Dec that was fully subscribed at an issue price of S$1.19/unit. Gross proceeds of S$153m would be chiefly used to pare down debt, lowering its gearing to 31.5% from 34.3%. Our FY10-11 DPU estimates have been diluted by 5% and our DDM target price lowered in tandem to S$1.51 (from S$1.59) with an intact discount rate of 8.1%. We are positive on this placement in the context of the manager’s overall capital management which minimises dilution for unitholders. We continue to like Suntec REIT for its retail catalysts in 2010 and relative attractiveness (0.64x P/BV and forward yields of 7.3%) vs. its closest peer CCT (0.79x P/BV and yields of 5.6%). |
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victorf
Master |
15-Dec-2009 17:15
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still call for buy on dip...good luck :) | ||||
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Jackpot2010
Master |
14-Dec-2009 21:45
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DBS (11 Dec) A positive move • Private placement of S$152.9m• impact Balance sheet strengthened, minimal DPU dilutive• Maintain Buy with TP of $1.38S$152.9m private placement. Suntec Reit has completed a private placement of 128.5m new units at S$1.19 each, which was >5x oversubscribed. The issue price represents a 6.5% discount to the VWAP price of $1.2724 and 4.6% discount to the adjusted VWAP of $1.2475. Gross proceeds of S$152.9m (net S$149m) will be used to reduce bank borrowings. The new units will not be entitled to the advance dividend distribution.Minimal dilutive impact. We view this exercise as a positive strategic move on the group’s capital management exercise. Post placement, gearing is anticipated to decline to 31.5% from 34.3%, increasing the flexibility of its balance sheet. In terms of DPU impact, FY10 DPU estimate of 9cts is lowered by 3.3% to 8.7cts, after adjusting for interest savings.Maintain Buy. We maintain our Buy call for Suntec. Post placement, FY10 DPU yield remains attractive at 6.8%, on the higher end of its comparable peer range. Suntec’s properties are well located and is expected to benefit from the expected increased vibrancy of the Marina Bay area when the Marina Bay Sands IR is opened. Our adjusted target price of $1.38 offers potential absolute return of 14.6%. |
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wongmx6
Veteran |
14-Dec-2009 20:58
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NOTICE OF ADVANCED DISTRIBUTION BOOKS CLOSURE & DISTRIBUTION PAYMENT DATES NOTICE IS HEREBY GIVEN that, pursuant to the Private Placement (as defined herein), the Transfer Books and Register of Unitholders of Suntec REIT will be closed at 5.00 p.m. on 21 December 2009 to determine the entitlements of unitholders of Suntec REIT (“Unitholders”) to Suntec REIT’s distributable income (the “Advanced Distribution”) for the period from 1 October 2009 to the day immediately prior to the date on which the new units in Suntec REIT (“New Units”) are issued in connection with the private placement pursuant to section 302C of the Securities and Futures Act, Chapter 289 of Singapore, of 128,500,000 New Units (the “Private Placement”). The New Units are expected to be issued on 22 December 2009. The next distribution following the Advanced Distribution will comprise Suntec REIT’s distributable income for the period from the day the New Units are issued under the Private Placement to 31 December 2009. Quarterly distributions will resume thereafter. The current expectation of ARA Trust Management (Suntec) Limited, as the manager of Suntec REIT (the “Manager”) is that the quantum of distribution per unit in Suntec REIT (“Unit”) under the Advanced Distribution will be approximately 2.44 to 2.54 cents1. The actual quantum of the distribution per Unit under the Advanced Distribution will be announced on a later date after the management accounts of Suntec REIT for the relevant period have been finalised. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. on 21 December 2009 will be entitled to the Advanced Distribution that will be paid on or around 20 January 2010.
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