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APL Japan Trust gets cold feet after Saizen sunk on debut.
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SINGAPORE: APL Japan Trust will be delaying its initial public offering in Singapore till next year when the macro environment improves.
It had planned to offer 412 million units to investors at between S$1.05 and S$1.25 per unit, to raise up to S$515 million.
APL Japan Trust said there is a risk of price weakness when the REIT makes its debut on the Singapore Exchange due to the current unfavourable market conditions.
This would raise its cost of capital and make growth by acquisition more challenging.
The initial portfolio of the REIT was to comprise nine retail and mixed retail and office properties across Japan valued at S$839 million.
APL's decision follows the poor debut made by Saizen REIT on Friday.
Saizen closed at 86 cents ? down 14 percent from its IPO price of S$1.
- CNA/so
| Time | Last | Volume | Bid/Ask |
| 17:05:05 | 0.860 | 2,033,000 | X |
| 16:59:55 | 0.860 | 20,000 | B |
| 14:00:01 | 0.940 | 254,000 | X |
| 13:59:03 | 0.940 | 2,292,000 | X |
Just FYI: Opened mid-day from 94 cent and closed at 86cent. it IPO-ed offer price..$1/-
i think the stock is good,
the day to open is bad...
when everyone is PANICing!!
Maybe it sounded very good, look good but not good to eat...
Why so many seller???????????//
Saizen REIT falls 6 pct in Singapore market debut
(Please click on
Saizen, which is based on an initial portfolio of 146 residential buildings in 12 Japanese cities, said in a statement that the offer of 196.74 million units was about 2.4 times subscribed.
The trust, sponsored by Japan Regional Assets Manager, said it would offer a forecast yield of 6.5 percent in 2008.
Credit Suisse
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Saizen, which is based on an initial portfolio of 146 residential buildings in 12 Japanese cities, said in a statement that the offer of 196.74 million units was about 2.4 times subscribed.
The trust, sponsored by Japan Regional Assets Manager, said it would offer a forecast yield of 6.5 percent in 2008.
Credit Suisse
Japan always got earthquake???? Is the Building safe to rent????????
Short down to 835 ct B4 recoverying to 87 ct, tink tink is speculating downward B4 speculating upward, range trading 835ct to 95 ct.
close... enough carnage.
next week, it will be a walking time-bomb. don't touch yet.
residentials??? ask ask. what's japan's demographics? is the economy growing strongly enough? is the country very hungry to welcome foreigners in? what is the typical lease period? is the rental income stable?
I apply 2lots but no luck got nothing.................so went in and bought directly from market for 30lots @ 0.85, hope to earn some kopi money from this IPO.........
on the contrary..japan land price is still cheap going on an upward trend..
singapore land price is EXPENSIVE!! for a bungalow in singapore you can buy a building there...
I really do not know, I just short at market downward trend, and my stock broking house is offering a very attractive commission rate if I buy anything of 100 lots and above, thus I go for 100 lots. But I think long terms wise may be REIT is still ok especially Japan's land price is very expensive. I did not follow much on this IPO, thus initially I also did not know the actual IPO price until my broker told me is S$1. Good Luck men !
cut half at 84... looking at milo
knight rider..is this worth a buy...at this price and yield..its quite attractive right?
Done, bought back 100 at S$0.85.
I short 100 lots at S$0.9.
Shorted at 93.5... hope to make kopi-c
0.865 !!
that means the yield if you buy now should be 7 % + ?
saizen getting clobbered..$0.885
i wonder why..
So those who got 4 lots, when market open, at now S$0.9, already lost S$0.1 X 4000, thus this show that not all IPO got kopi$ !!!