

guppy724 ( Date: 21-Oct-2009 16:10) Posted:
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erictkw ( Date: 20-Oct-2009 15:04) Posted:
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CapitaCommercial Trust’s 3Q DPU increases 20% to 1.85 cents
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0002 GMT [Dow Jones] CapitaCommercial Trust (C61U.SG) may get boost from news of 20.1% on-year rise in 3Q09 DPU on higher net property income, which may help ease concerns over potential rental, occupancy pressure from new supply of office space in Singapore from next year. DPU at S$0.0185 vs S$0.0154 year earlier, with income available for distribution +20.8% at S$52.1 million as office landlord signed on new tenants, renewed leases at higher rents, continued cost-management measures. Overall occupancy at 94%% vs market rate of 91%. While office rents in Singapore down by average of 45% so far this year, CCT expects positive rental reversion for its portfolio for rest of 2009 as its average passing rent still below market rates. Still, with general investor sentiment towards office market remaining cautious - primarily on risks to occupancy, rents as new supply comes on stream - near-term upside for REIT not expected to be huge, although any downside would be supported by hefty discount to NAV, with REIT trading at 0.7X P/B; closed +1.0% at S$1.05 yesterday. Resistance eyed at S$1.10 (last breached in June). (FKH) |

some relation:-
Business Times - 01 Oct 2009
Industrial property rents fall for 4th straight quarter
But Q3 drop is smaller than Q2's; gap with office rentals narrows
By KALPANA RASHIWALA
PRIVATE industrial property rents fell for the fourth consecutive quarter in the three months ended September, although the pace of declines eased.
Data from DTZ Research shows that the average gross monthly rental value for first-storey private conventional industrial space fell 2.4 per cent to $2 per square foot in Q3 from $2.05 psf in Q2.
The drop was smaller than the 6.8 per cent slide seen in Q2. Similarly, the average rent for upper-storey space slipped 5.9 per cent to $1.60 psf in the latest quarter, smaller than Q2's 8.1 per cent.
DTZ noted that the rental slide for high-tech industrial properties, which include business park and science park space, also moderated in the third quarter. After a 12.8 per cent drop in Q2, the average monthly rent for such space declined 5.9 per cent to $3.20 psf in Q3.
From their peak in Q3 last year, average monthly rents of first-storey and upper-storey private conventional industrial space have slipped 14.9 per cent and 22 per cent respectively. The average high-tech industrial rental value has lost 28.9 per cent over the same period.
However, office rentals have fallen even more substantially than that and as a result, the gap between high-tech and office rents in suburban locations narrowed significantly in Q3.
Data from DTZ shows that the average monthly high-tech industrial rental value of $3.20 psf in Q3 was just 8.6 per cent lower than the $3.50 psf monthly average rent for offices in Tampines Finance Park.
'Despite the narrower rental gap, many occupiers are unlikely to relocate from high-tech industrial space back to office space. The relative rental stability of high-tech industrial space compared to the volatility in office rents is a consideration for occupiers taking a long-term perspective,' DTZ said.
Chua Chor Hoon, head of South-east Asia Research, said: 'Rents for industrial space are likely to remain weak going into 2010, due to the large incoming supply and weak demand.'
About 27.1 million square foot of private industrial space are in the pipeline, due to be completed by 2013. Of this, an estimated 10.4 million sq ft is expected to enter the market in the current half, including major projects such as Northstar@AMK, The Kendall and DBS Asia Hub.
beeper ( Date: 07-Sep-2009 22:36) Posted:
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Woohoo!!!
CCT at $1.18??? hoe say liao!!!!
I think all Reits will fly along with this baby!!
Anybody can enlighten me if Ascendasreit a good buy??
0253 GMT [Dow Jones] UBS raises target prices for Singapore REITs to reflect lower interest costs, higher retail rents, hotel revenue per available room, adjustments to discount rates. Tips office and hotel REITs to outperform; "we believe that office rents and hotel revenue per available room are poised for a cyclical and structural uptrend over the next 3 years." Says hotel room rates, retail spending to get boost from pick up in tourist arrivals. Adds cost of securing debt has fallen recently for REITs, reduces interest rate assumptions for FY2011-2013. Raises Ascendas REIT (A17U.SG) target to S$2.25 from S$1.78, CapitaCommercial Trust (C61U.SG) target to S$1.18 from S$1.02, Suntec REIT (T82U.SG) target to S$1.18 from S$1.05, Starhill Global (P40U.SG) target to S$0.68 from S$0.58. Also raises CDL Hospitality (J85.SG) target to S$2.08 from S$1.58, Mapletree Logistics (M44U.SG) target to S$1.03 from S$0.87, Frasers Centrepoint (J69U.SG) target to S$1.53 from S$1.28. Maintains Buy rating for all stocks. FTSE ST REIT currently index off 0.5%. (KIG)
CCT recognised for corporate responsibility standard by FTSE4Good.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_664E0AD101FC9FA748257635000E7872/$file/CCT_inclusion_in_FTSE4Good_press_release_18_Sep_09.pdf?openelement
One person can have many brokers, by phone or buy online broker
most important is your CDP share report. When your CDP or CPF have share, then only you sell
you can use ANY broker, by phone or by online broker and sell CDP / CPF share
hmm alrights.. Im just puzzled cos I would expect the rights shares to be reflected in my trading portfolio as well, but it is not? And yet you mentioned being able to trade them on the trading platform.. How do I go about selling shares that do not exist in my trading platform portfolio?
Im just worried if I missed out a critical step in my rights application for shares :(
Thanks so much for your advice though, I will try to find out if I have a broker I can speak to!
iloveme
You can use your trading account to sell the rights shares after you've successfully subscribed/bought the rights shares. You cannot sell via CDP. Anyway, it's better if you can ask your broker all these questions - you'll get quicker, clearer answers. The brokers are very willing to help, from my experience as a newbie trader. Even if you have a internet trading account, there'll be one broker assigned to you. Keep your broker's contact number and email handy. :)
Thanks Beeper! :D
So does that mean I cant use my normal trading account to sell the rights shares? I must sell it via the CDP account?
Trading account is trading account, does not reflect your full portfolio. Go to www.cdp.com.sg, you will be able to see all your shares owned.
iloveme ( Date: 07-Sep-2009 23:36) Posted:
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Hello!
Am very new to investing, but I subscribed to the rights for CCT and received a letter that i received my rights. However, I do not see this reflected in my trading account where the mother shares are? How do I go about verifying that I have indeed received the shares that I paid for, and trade them on the SGX? pls advice, thanks!
Histroical highest, $3+
Current price still < NAV
Good yield every year
Good company fundamentals.
Mother company is CapitaLand.
What do you guys think, more upside or lowside for this stock. The answer is obvious.