| Latest Forum Topics / Suntec Reit Last:1.14 -- |
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Suntec REIT
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hawke009
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08-Mar-2007 13:55
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any idea why a sudden surge in volume today for SuntecReit... |
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Nostradamus
Supreme |
11-Feb-2007 23:35
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It climbed to a new high after Citigroup initiated coverage with a "buy" rating and a price target of $2.16 on hopes of higher office rental revenue in the next three years. Citigroup analysts Wendy Koh and Ian Chua said expiring office leases for Suntec REIT averaged around $4 psf while current rates are twice as much, and would rise to an estimated $10 psf by 2008. They expect Suntec REIT to renew an average of about 400,000 square feet per year of its office space over the next three years. |
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catch22
Member |
31-Jan-2007 14:15
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Hi, can someone please explain why this stock is trading downwards when good results have just been announced for the last quarter? |
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Theresa
Member |
12-Jan-2007 13:20
Yells: "I am still learning ......" |
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How much do you think Suntec reit can go up? So far the highest for this share price has only reached S$1.82. The recent news shows Suntec reit has a good profit of about 60% raise compare to other reits in Singapore.
Thank you Theresa |
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Nostradamus
Supreme |
30-Oct-2006 23:38
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Deutsche Bank said it has downgraded its rating to a "hold" from a "buy" as the stock's valuations are no longer compelling given current share prices. But it increased its price target for the REIT to $1.55 from $1.42 after raising its earnings forecast for the trust. "DPU (distribution per unit) growth remains strong as the office towers continue to outperform expectations," Deutsche Bank said in a note to clients. "Growth from retail will be driven by asset enhancement at Suntec," it added. Deutsche Bank cautioned though that Suntec's placement of new shares to acquire strata units in Suntec City creates uncertainty over deployment and may be near-term dilutive to DPU growth. |
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singaporegal
Supreme |
26-Oct-2006 22:27
Yells: "Female TA nut" |
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Hmmm.... I see a trend reversal southwards in progress. The Acc/Dist, Chaikin and RSI all heading south. |
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august
Senior |
26-Oct-2006 16:54
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so that means..can buy ? |
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Nostradamus
Supreme |
26-Oct-2006 16:53
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It is in an accelerated bookbuilding share sale worth US$120m that will close after local market hours, a market source said. A spokesman for bookrunner Citigroup |
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Nostradamus
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26-Oct-2006 00:58
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Buoyed by a married trade of 28.2m shares at $1.558 on talks that a hedge fund had bought the stake. |
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Nostradamus
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29-Sep-2006 16:38
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DBSV said it has raised its target price to $1.59 on expectations that the company will benefit from rising office rents, especially if it succeeds in buying additional office space at Suntec CIty. "Organic growth is expected to be strong," DBS said in a note to clients. "Office occupancy at Suntec Reits portfolio has been rising sequentially for the past two quarters, from 92.30% as of Dec 31, 2005 to 96.20% as of Jun 30, 2006. For the office component at Suntec City Towers, its core asset, committed occupancy is already at 96.5%, and current closing rents are $5.00-$6.50 per square foot," it said. Current leases at Suntec City will expire within the next two years and Suntec REIT will likely see a further rise in rents by the time the leases are up for renewal, it added. |
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Nostradamus
Supreme |
26-Sep-2006 10:33
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OCBC Securities says it has cut its rating to "hold" from "buy" because the stock offers limited upside at current levels, although it has increased its estimate of fair value to $1.49. "Since our upgrade in June, Suntec's price has appreciated, giving investors a total return of over 24% in the last three months. In light of the high probability of acquisition and strong reversionary rental rates to both office and retail, we are revising up our fair value," OCBC said in a note to clients. "However, at [the] current price, with [a] price-to-book ratio of about 1. 25x, [a] 2007 forecast yield of 5.3% and with limited upside to our revised valuation, Suntec's valuations no longer look as compelling," OCBC said. |
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Nostradamus
Supreme |
14-Sep-2006 15:13
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UBS has raised its target price to $1.60, backed by hopes the company will be able to raise rents on office and retail space next year. With the possibility of some large office tenants moving to One Raffles Quay when it is completed and ready for occupancy in early 2007, Suntec REIT will have a chance to raise rentals, UBS noted. "We also expect retail rents in Suntec City to grow modestly at 3-5%per annum in 2006-2010 with new tourist attractions coming up around Marina Bay," the brokerage said in a note. It has a "buy" call on Suntec REIT. |
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Nostradamus
Supreme |
11-Sep-2006 18:12
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CSFB said it has raised its target price to $1.52 on the view that the trust will benefit from the limited supply of office space in Singapore and rising rents. "With close to 57% of its office leases due for renewal until 2008, Suntec Trust is poised to benefit from the tight office market," CSFB said in a client note. The research firm said it has raised its earnings forecasts for Suntec REIT by 7-13% over the next three years starting in the current year to Sep 06. It expects net profit for the current year to grow to $83.2m, then to $95.3m next year and to $107.8m the year after. CSFB said it sees further upside to its valuations when management begins repositioning another property, Park Mall, starting in 2008. |
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Nostradamus
Supreme |
01-Sep-2006 22:16
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UOBKH raised its FY06 DPU to $0.071 cents/share (from $0.06 cents/share) and FY07 DPU to $0.079 cents/share (from $0.069 cents/share) to reflect higher rental rate assumptions attributable to tenancy re-configuration and leasing initiatives. It believes Suntec City Office will continue to leverage strongly on the upsurge in office rentals. Suntec City retail mall is likely to see significant improvement in its rental income. Rental income for the mall is only about $9psf pm but we expect management to be able to take this to $12-13psf pm heading into 2009 as the Marina area becomes more lively with the development of the IR. Suntec City Mall has also undergone various enhancements in terms of tenant remixing and store re-sizing, which we believe will lift retail mall income in the medium term. Suntec City Office has 1.2m sf of office space, representing 51% of the REIT's NLA. Current rentals are about 50% higher than its 2005's average. We expect rental rates to increase in the foreseeable future in view of the limited new supply and high levels of net absorption. UOBKH raised its target price to $1.50, based on its dividend discount model. It believes Suntec is well positioned to leverage on the strong fundamentals in the office and retail sectors. It expects continued operational improvements to drive DPU growth. |
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bsiong
Supreme |
27-Jul-2006 14:46
Yells: "The Greatest Wealth is Health" |
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Business Description: Suntec Real Estate Investment Trust. The Company principal activities are owning and investing in retail and office buildings. Its portfolio of assets includes Suntec City Office Towers, Suntec City Mall and Park Mall in Singapore. Exchanges: SIN 2005 Sales: 107,040,000 Currency: Singapore Dollars Fiscal Year Ends: September Share Type: Ordinary Country: Singapore Major Industry: Financial Sub Industry: Real Estate Investment Trust Co. Employees: N/A Market Capitalization: 1,564,516,690 Total Shares Outstanding: 1,292,989,000 Closely Held Shares: 602,873,378 http://www.remisiers.org/research//1-SRei060727.pdf |
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