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Corporate News
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K-REIT. With positive pre-leasing momentum and rental growth, we upgrade our rental assumptions for One Raffles Quay (ORQ) and Marina Bay Financial Centre (MBFC). We raise FY11-12 DPU estimates by 3-18% after factoring in higher rental growth and lease review assumptions. In turn we raise our TP to S$1.43(from S$1.26) but maintain our Underperform call as yields remain unattractive after our rental revisions. De-rating catalysts could include lower-than-expected rental reversions. |
/cimb
/i come i read i post //
Credit Suisse bullish on Office Sector - Recommend Buy on K-REIT , CapitaCommercial Trust, City Development and OUE More banks, insurers, law firms and media companies signed
leases at the new office schemes: 50 Collyer Quay, MBFCT3 and
Asia Square T1. With these, pre-commitment levels for new office
space of 4.4 mn sq ft, completing between 4Q10 and 2012, will
increase from 32% to 49%, further easing oversupply concerns.
● We expect the “shadow space”, or space that could be given up by
these lessees at current buildings, to be well absorbed, particularly
for prime Grade A assets, by existing tenants who are also looking
to expand. Concern is also mitigated by the >1.5 mn sq ft space to
be taken off the market for redevt or enhancement.
● Cap rate compression continues, as office capital values continue to
soar, with 1 Finlayson Green and Samsung Hub strata floors asking
for S$2,600-2,800/sq ft, tracking our assumed end-2011E S$2,600-
2,750/sq ft value for the top office buildings. Industry consultants
forecast 10-20% office rent growth in 2011.
● Our top picks to leverage these trends will be OUE and CDL –both
should see rerating of their large commercial portfolios –while we
expect organic and acquisition growth at CCT and KREIT.
Make love more, don't make more enemies
maybe market thinks price they pay for MBFC is too high and price they received for Keppel Towers etc is too low. So naturally must correct.
What about MBFC tower 2
Kenna K around by Keppeland with the deal of the century !
AVOID...
Wonder why it keep falling, I thought the MBFC purchase is yield accretive.
Too late to Buy Now. It's going down already.
elton81 ( Date: 17-Sep-2010 22:56) Posted:
| this reits seems to be slowly rising up .. any experts got any views on this stock? |
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this reits seems to be slowly rising up .. any experts got any views on this stock?
Business Times - 20 Jan 2010
K-Reit reports 12% rise in Q4 distributable income
By UMA SHANKARI
K-Reit Asia on Wednesday reported a 12 per cent increase in its Q4 2009 distributable income to S$19.4 million, from S$17.4 million a year ago.
Distribution per unit (DPU) rose to 5.75 cents from 5.24 cents.
For the full year, the office trust's distributable income rose 21 per cent to $70.5 million, from $58.2 million in 2008.
Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved. 
Date & Time of Broadcast 20-Jan-2010 17:17:59
SUMMARY OF K-REIT ASIA RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2009 Net Income FY2009 $27.6mln vs FY2008 $19.3mln +43.2% Wow! (",) http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D7F43347C726F08E482576B10031EDC1/$file/02KREITFY2009_FinancialAnnct_vf.pdf?openelement
NOTICE OF BOOKS CLOSURE
AND DISTRIBUTION PAYMENT DATE
NOTICE IS HEREBY GIVEN THAT
will be closed on
purpose of determining the entitlement of holders of units in K-REIT Asia (“
“
31 December 2009 (the “
(i) taxable income distribution of 2.12 cents per Unit; and
(ii) tax-exempt income distribution of 0.65 cents per Unit.
Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with
Units at the Books Closure Date will be entitled to the Distribution to be paid on
February 2010.
the Transfer Books and Register of Unitholders of K-REIT AsiaThursday, 28 January 2010 at 5.00 p.m. (the “Books Closure Date”) for theUnits” and holders of Units,Unitholders”) to K-REIT Asia’s distribution of 2.77 cents per Unit for the period from 1 July 2009 toDistribution”) comprising:-Thursday, 25
at this price. it is still the higher yeidl reit among the rest.
plus dividend is coming. buy before it raises further.
many ppl alway say buy low selll high, i tink they shld be more specific like telling base on the price chart whether current price is good to go in (of coz at ur own risk).
No it is not too late. With economic recovery this reit will slowly rise. But I suggest you have at least a 2 or 3 year investment horizon.
It could double from current levels and in the mean time collect the distributions of about 7%. Better than a fixed D interest rate
alexchia01 ( Date: 09-Jan-2010 00:45) Posted:
nah  Too late liao.
wei168 ( Date: 09-Jan-2010 00:19) Posted:
| I see that this counter had move up quite a far bit since starting this year so izit a good time to buy at this moment?
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nah Too late liao.
wei168 ( Date: 09-Jan-2010 00:19) Posted:
| I see that this counter had move up quite a far bit since starting this year so izit a good time to buy at this moment?
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I see that this counter had move up quite a far bit since starting this year so izit a good time to buy at this moment?
buy on dip....good luck :)
slow and steady uptrend....followed on by bursts up in later stage....buy on dip.....good luck :)
It moves slow and steady.
sureesh40 ( Date: 04-Jan-2010 15:17) Posted:
problem is it does not seem to be dipping
victorf ( Date: 04-Jan-2010 10:34) Posted:
| buy on dip....good luck :) |
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problem is it does not seem to be dipping
victorf ( Date: 04-Jan-2010 10:34) Posted:
| buy on dip....good luck :) |
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buy on dip....good luck :)
