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21-Nov-2013 11:04
Singapore Property Sector - Beneficiaries and Highlights From Draft URA Masterplan 2013
Written By Stock Fanatic on Wednesday, Nov. 20, 2013
The Urban Redevelopment Authority (URA) has released the draft Masterplan 2013. Our key views are as follows:
A step in the right direction, in our view, balancing the economic priorities of housing, commercial and industrial developments with greater emphasis on decentralisation, eco-friendly initiatives and better public accessibility.
Greater priority on integrated and mixed-use developments could benefit larger developers with relevant experience such as....Southern Waterfront development with the relocation of the Pasir Panjang and Tanjong Pagar terminals will benefit trust n construction companies
Land earmarked for 500,000 new homes, with greater emphasis on HDB estates, will provide new opportunities for HDB construction companies such as construction Engineering compsnies and, together with HDB estate mgrs and material suppliers.
Opportunities for underground development (eg. 800m pedestrianised street with underground mall at Marina Bay) to benefit specialised underground construction players.
Marina Bay and Marina South to offer new opportunities for office, retail and entertainment amenities that will complement REITs with existing developments in the area.
Further development in the Jurong Lake District.
Development of Woodlands North Coast and Woodlands Central, together with the rail linkage to M'sia
http://www.msci.com/eqb/gimi/smallcap/MSCI_Nov13_SCPublicList.pdf
Geneva, Nov 07, 2013. MSCI GLOBAL SMALL CAP INDICES
The following are changes in constituents for the MSCI Global Small Cap Indices which will take place as of the close of November 26, 2013.
Region - Asia Pacific. Country - Singapore.
Nos of Securities added - 13 and included is YHM Group...huat huat...arhh
Among new Reit n trust, is Soilbuild Business Reit. A small step, a new beginning.
Mapletree Greater China
OUE Hospitality Trust
teeth53 ( Date: 19-Aug-2013 08:02) Posted:
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ballball ( Date: 04-Nov-2013 22:39) Posted:
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williamyeo ( Date: 04-Nov-2013 22:09) Posted:
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fulson ( Date: 04-Nov-2013 21:49) Posted:
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ballball ( Date: 31-Oct-2013 20:29) Posted:
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New123 ( Date: 31-Oct-2013 18:30) Posted:
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leewankiat ( Date: 31-Oct-2013 16:02) Posted:
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fulson ( Date: 31-Oct-2013 13:07) Posted:
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Does that mean that for every one share we get $0.76? Isnt that like a 100% yield. I think i should be wrong. Any sifu can correct me?
Saw in the company disclosure, we have to fill in a form in order to get the dividend. Please advice.
williamyeo ( Date: 30-Oct-2013 18:51) Posted:
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3Q FY2013 Distribution Distribution Timetable 3Q FY2013
Distribution Details
3Q FY2013 Distribution Period
16 August 2013 ? 30 September 2013
Distribution Amount
0.760 cent per unit
bardsmanship ( Date: 09-Oct-2013 14:35) Posted:
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Soilbuild Business Space REIT: Best
proxy to Singapore industrial market
● Best-in-class portfolio properties
● Strong sponsor asset pipeline
● Robust financial position
Initiate coverage with BUY
We are initiating coverage on Soilbuild
Business Space REIT (Soilbuild REIT) with a
BUY rating. Our fair value of S$0.82 is based
on the dividend discount model, and implies
an attractive total expected return of 20.1%.
At current price, Soilbuild REIT is trading at
the steepest discount of 8.8% to its book
value, compared to an average P/B of 1.10x
seen across its subsector peers. This is
unjustified in our view given Soilbuild REIT?s
quality portfolio assets, growth potential and
respectable FY14F yield of 7.8%.
Singapore-based industrial landlord with
quality assets
Soilbuild REIT currently owns a young
portfolio of seven modern business space
properties in Singapore which enjoy excellent
connectivity. In addition, Soilbuild REIT has
the largest exposure to the business park
segment relative to the other industrial SREITs.
We like Soilbuild REIT?s exposure in
this space because demand in the local scene
has been growing steadily throughout the
years due to its high quality and lower rents
relative to traditional office spaces.
Strong sponsorship from Soilbuild Group
The Sponsor for Soilbuild REIT is Soilbuild
Group Holdings, a leading integrated
property group based in Singapore. It is one
of the few Singapore construction companies
that are allowed to tender for public sector
projects without any value limitations. Given
Soilbuild Group?s track record and expertise,
we believe Soilbuild REIT is able to leverage
on the capabilities of its Sponsor to grow its
income.
Clear growth opportunities
Soilbuild REIT is granted Right of First
Refusal (ROFR) by its Sponsor over all its
income-producing business space assets in
Singapore. The ROFR currently covers four
industrial properties, providing Soilbuild REIT
with a clear acquisition pipeline. In addition,
several of its properties have under-utilized
plot ratios, and present opportunities for
growth. As of the listing date, Soilbuild REIT
is sitting at healthy gearing ratio of 29.9%,
while 75.0% of its interest rates are fixed.
This not only gives Soilbuild REIT ample debt
headroom to pursue its growth plans but also
limits its exposure to rising interest costs.
Added Soilbuild Biz REIT in the comparison table. In my opinion, there are many other better REIT to choose than this Indsustrial REIT which is economic sensitive.
http://mystocksinvesting.com/singapore-reits/singapore-reit-fundamental-analysis-comparison-table-6-sept-2013/
desmond1988 ( Date: 30-Aug-2013 15:02) Posted:
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