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From parent share : CWT.
CWT - Keeping The Momentum Going (BUY, TP $2.05)
We hosted a luncheon for CWT’s CEO, Mr Loi Pok Yen yesterday, which was very well-received by institutional investors. We expect the stock to continue re-rating as its appeal to institutions increase from higher profit base and stock liquidity. Management remains confident of organic volume growth in its commodity trading business, with volumes targeted to double this year. Margins should improve on operating leverage. Management concurred that there is significant value in its warehouse portfolio, which we estimate at SGD1.25/ share. Maintain BUY with a TP of SGD2.05.
This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
Cache Logistics Trust: Proposed acquisition of 22 Loyang Lane
Summary: Cache Logistics Trust (Cache) announced yesterday evening that it had entered into a sale and purchase agreement with Air Market Express (AME) for the acquisition of the property located at 22 Loyang Lane. The purchase consideration is S$13.0m (similar to a third-party valuation) and would be funded via bank borrowings. 22 Loyang Lane is a purpose-built four-storey bonded warehouse with a GFA of 63,290 sf, which implies an acquisition cost of S$205.4 psf GFA. On completion of the acquisition, it will enter into a master lease agreement with AME for five years with an option to renew for an additional five years. Cache believes that this proposed acquisition would provide overall yield accretion to unitholders, improve its income diversification and create economies of scale due to cost synergies. We are maintaining our BUY rating but place our S$1.06 fair value estimate under review due to a change in analyst coverage. (Research Team)
Summary: Cache Logistics Trust (Cache) announced yesterday evening that it had entered into a sale and purchase agreement with Air Market Express (AME) for the acquisition of the property located at 22 Loyang Lane. The purchase consideration is S$13.0m (similar to a third-party valuation) and would be funded via bank borrowings. 22 Loyang Lane is a purpose-built four-storey bonded warehouse with a GFA of 63,290 sf, which implies an acquisition cost of S$205.4 psf GFA. On completion of the acquisition, it will enter into a master lease agreement with AME for five years with an option to renew for an additional five years. Cache believes that this proposed acquisition would provide overall yield accretion to unitholders, improve its income diversification and create economies of scale due to cost synergies. We are maintaining our BUY rating but place our S$1.06 fair value estimate under review due to a change in analyst coverage. (Research Team)
DATE OF RELEASE OF FINANCIAL RESULTS OF
CACHE LOGISTICS TRUST (“CACHE”) FOR THE PERIOD FROM
1 JANUARY 2011 TO 31 MARCH 2011
The Board of Directors of ARA-CWT Trust Management (Cache) Limited, the Manager of Cache,
is pleased to announce that Cache will release its financial results for the period from 1 January
2011 to 31 March 2011 on Tuesday, 26 April 2011, after the close of trading on the SGX-ST.
By Order of the Board
ARA-CWT Trust Management (Cache) Limited (as manager of Cache Logistics Trust)
(Company registration no. 200919331H)
Daniel Cerf
Chief Executive Officer
11 April 2010
Got " lia" tiao bo ? (Got catch this counter)? This want name is " Catch" logistic, but after " catch" liao not move ? Si pa sian !
S$0.915 also filled ! Now heading to S$0.91 done liao !!! Wow really going to IPO price.
My queue at S$0.915 is not done, only confirm filled at S$0.92 for 5 lots and the other S$0.915 still queuing ! Hope this is a good buy for 8.8% yield returns !!!
Just buy 5 lots @0.915, it is so then cheap !
Promised in IPO yield of 8.8%, so now consider cheap ?
Now seems cheap, can enter now ? @0.945
annual yield of 8.8 % is definitely a good buy. better than singpost at 5%
knightrider ( Date: 21-Feb-2011 15:48) Posted:
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Noted, and thks !!!
Andrew ( Date: 21-Feb-2011 14:57) Posted:
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I think no hurry lor.......DIV just paid and with the current situation, it can get cheaper perhaps.
If really must buy, buy slowly.......
knightrider ( Date: 21-Feb-2011 14:14) Posted:
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@S$0.955, can buy ??
Yes....yes....yes....come this parts......
rickyw ( Date: 29-Oct-2010 16:06) Posted:
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I meant as for now is 3.66%
Andrew ( Date: 29-Oct-2010 15:37) Posted:
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They are paying 8%* over the next 1 year. Pro rated......vested some time back.........
Vested @1. It offer 3.66% dividend....
just grab now..
If we assume next quarterly DPU is 1.95 cents, plus last partial quarter's dividend of 1.71 cents, reit holders can expect to receive a next dividend of anout 3.66 cents. Not bad actually.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1CA9C2D1513440FD4825776F00306572/$file/Cache-2Q10-PressRelease.pdf?openelement
This is found in the SGX's announcement under Cache Logistics , dated 29 July 2010. (In case you can't open the link)