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Can sell 1 shares right? As in no need to sell in 1000shares per lot kind. Anyway good counter for keeping. Office demand is rising.
newcoming ( Date: 28-Nov-2013 01:18) Posted:
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received some quantity from the dividend in specie distributed by Keppel Corp.
but does not match the lot size 1000unit.
How to let go?
Thks for the posts. I think price will react up from the drop.
TEMASEK Holdings has sold its entire direct stake in office landlord Keppel Reit (KReit) in a share placement that started on Monday evening, sources close to the deal said yesterday. The deal involved 103,994,321 shares offered at a price range of between $1.195 and $1.21 per share, the sources said. This represents a 1.6-1.8 per cent discount to the trust's last closing price of $1.23 on Oct 21. The placement offer amounted to an estimated $125 million. By the market close on Tuesday, some 163 million shares worth $194.4 million had changed hands, market data from the Singapore Exchange showed. Temasek's share sale works out to 3.74 per cent of KReit, representing the stake it had received from the dividend in specie distributed by Keppel Corp to its shareholders during its FY2012 final results announced on Jan 24, 2013.
Temasek Said to Have Sold Stake in Keppel REIT
Oct. 22 (Bloomberg) -- According to 2 ppl familiar with the
transactions, who declined to be identified because the
information is private....
* Temasek sold about 103.9m shrs for S$1.195: 1 of the ppl
* JPMorgan was the advisor on the sale: 2 ppl
* NOTE:Keppel REIT falls as much as 4.1%, most since July 8,
lowest since Aug. 30
* 1 block of 99m shrs crossed at S$1.195 at 9:08am, equivalent
of 3.6% of shares outstanding: Bloomberg data
* 1 block of 4.94m shrs crossed at S$1.195 at 9:09am:
Bloomberg data
Oct. 22 (Bloomberg) -- According to 2 ppl familiar with the
transactions, who declined to be identified because the
information is private....
* Temasek sold about 103.9m shrs for S$1.195: 1 of the ppl
* JPMorgan was the advisor on the sale: 2 ppl
* NOTE:Keppel REIT falls as much as 4.1%, most since July 8,
lowest since Aug. 30
* 1 block of 99m shrs crossed at S$1.195 at 9:08am, equivalent
of 3.6% of shares outstanding: Bloomberg data
* 1 block of 4.94m shrs crossed at S$1.195 at 9:09am:
Bloomberg data
danytan ( Date: 22-Oct-2013 16:00) Posted:
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Means ur broker is saying the seller is TH... qn is why did they wanna sell at that price?
stknoob ( Date: 22-Oct-2013 15:56) Posted:
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Broker told me Temasek Holding wants to raise $100million by selling Kep Reits.
So it is a good time to buy some Kep Reit to keep? Any advise
I'll be cautious at the moment. Trade well, bro.
danytan ( Date: 22-Oct-2013 12:05) Posted:
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Yup. Seems like good buy-in opportunity, quite low.
everknight ( Date: 22-Oct-2013 11:53) Posted:
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Couldn't find anything too. 130M shares traded so far at a discount to yesterday's price...
danytan ( Date: 22-Oct-2013 11:45) Posted:
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No news as far as im aware.
everknight ( Date: 22-Oct-2013 11:33) Posted:
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What's the news on KepREIT today?
Thanks for your analysis.
But your 2 dimensional charts seems to provide very limited means in assessing and comparing the counters which each has many other important strengths and weaknesses that cannot be capture within a 2d graph.
Also,by lumping all the reits on a single chart, you are basically suggesting that they are of similar natural. But are they? The market for office property is same as those of industry or mall?
.Finally, goldman sac (a huge bank BTW) bought the counter at around $1.55, but the current price is still way below that. It is either Goldman sac make a big mistake and overvalued the reit or the current price is oversold and will be corrected upward soon.
You may contact me via rosesyrup123@yahoo.com
marubozu1688 ( Date: 20-Oct-2013 15:51) Posted:
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Upside limited for Keppel REIT.
http://mystocksinvesting.com/singapore-stocks/capitamall-trust/is-it-time-to-invest-in-singapore-reit-to-build-up-passive-i
Rosesyrup ( Date: 16-Oct-2013 21:35) Posted:
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Seems like I am right about Kep Reit's little concern about rising interest rate. :)
Distributable rise by 6.1%.
Distributable rise by 6.1%.
No taper REIT all green green..but once any rumour come out REIT first one to get hit again. Still vulnerable...won't risk. Any time now market sentiment over-inflated...just my small opinion
...today ... all REIT counters green green... deserve a second looks...
Keppel REIT - Most Undervalued Office REIT
We initiate coverage on Kep REIT with a BUY. Using DCF with terminal growth rate assumption of 3.0%, blended COE of 9.3% (with a 3% riskfree rate, 0.8x beta and 7.88% equity risk premium), we arrive at a $1.66 TP.
We expect Kep REIT shares to re-rate over the medium-term, as its portfolio will likely benefit from Singapore?s low incoming supply of new commercial assets and its high-yielding Australian assets.
...last: $1.19...
https://cced0bba-a-62cb3a1a-s-sites.googlegroups.com/site/researchreport92/DMG_KeppelREIT20082013.pdf?attachauth=ANoY7cqWWVBYsbqhcweY5LYal1NOUFsne4chxADyWPJ1vERB2BpQg9ux31MPjMNTr9zBzUkOmH6gnhU7QKE9HNNEb7c0_CqcaRD6FXSw2BKPCYB-u9Cpbju8Yvwdp_rO__QH0utZEmdTXcAkZM7E-twQHo6cw1UO-SPXMR-qrMbM7RMdcd-FAxRjrPDO6VcmA-XfvwYNt2aCCqgRYC0ZXgxPeZ8-Ip799u_9Eed_kYwlmudqGO6PXVI%3D& attredirects=0
placement shares only 1.26 per unit. lower than today's price.
This is what I think:
-Beta would be a better and more comprehensive measure of risks than Gearing ratio, which simply measured bankruptcy risk.
-Expected return would be a more accurate measure than Price/NAV since NAV is a historical measure of asset worth. E.g. NAV of a piece of land brought 10 years ago might be much lower than its real value now, thus this give rise to low NAV and make the counter appear to have high Price/NAV (expensive counter). Similarly, if the historical price of a land is high, but after some disaster like nuclear leak, it would has a low real value now. However, its NAV continued to be high and its Price/NAV appeared to be deceiving low (cheap). Thus Price/NAV which is based on historical data might distort investment decision. Expected return, which is based upon future data does not has this problem.
Correct me if I am wrong.
Rosesyrup ( Date: 30-Jul-2013 14:01) Posted:
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