Post Reply
141-160 of 259
Start monitoring this one....
any insight??
No room for your to short, open at 1.66...... but i think will run up very fast in the next few days...
nickyng ( Date: 12-Aug-2009 10:18) Posted:
|
DJ MARKET TALK: A-REIT Off 5.7%; Placement Price Tops NAV -Daiwa
0221 GMT [Dow Jones] Ascendas REIT (A17U.SG) gaps down at opening, last off 5.7% at almost 2-week low of S$1.66, on latest placement exercise. While most analysts believe A-REIT preparing for yield-accretive acquisition, some say S$1.63 placement price not attractive amid current tepid conditions in Singapore's industrial property market. "We believe paying above NAV (of S$1.62 as at June 30, 2009) for the units is risky when Singapore industrial-property valuations are still sliding," says Daiwa; keeps Underperform call, cuts target to S$1.36 from S$1.42 to reflect enlarged unit base. "Though the industrial sector is showing sluggish signs of improvement, it continues to face risks of falling rents and rising vacancy risks," says Goldman Sachs; "we believe REITs exposed to industrials will lag when the eventual recovery takes place." Rates at Neutral with S$1.45 target. Ascendas will use net proceeds of S$296.0 million to fund development of projects, repay debt. Support tipped at placement price. (FKH)
BINGO !!! caught u with pants down!! this burger did it again with pte placement !! hee...say..anyone SHORTING this burger ?!??! :P
junction ( Date: 31-Jul-2009 23:33) Posted:
|
dump my at 1.8...see later drop may load again...
Currently suspend with the annoucement of the following.
| Updated: 11th August 2009, 1030 hrs |
| Ascendas Reit launches private placement of new units to raise S$301.6mil |
|
Ascendas Reit said today that it is launching a private placement of new units to raise 301.6 million dollars in gross proceeds. It’s placing out 185 million new units at an issue price of between 1.63 dollars and 1.7 dollars per unit. At those prices, the new units represent a discount of between 3.4 percent and 7.4 percent from the Reit’s last closing price of 1.76 dollars. Ascendas Reit says most of the net proceeds, S$175.4mil, will be used to fund the development of the high-tech built-to-suit facility for telco SingTel. Some of the money, S$120.6mil, will also be used to partly or wholly fund potential acquisitions of properties. Any balance of the capital raised will be used for general corporate and working capital purposes. |
This counter is like yoyo, when you want to get in from the lower entry, it went up to the higher point.
Look at this counter...think 1.9 should be able to achieve by next week....
A reit just successfully issued rights this year. Unlikely to issue more rights
Moneysense ( Date: 03-Jul-2009 22:52) Posted:
|
Should have gone in this morning at 1.620. Now is 1.680. Never make up my mind. Too late!
offloaded.. will be back if there is any drop in px
Ascendas REIT
1QFY10: Steady growth from diversified portfolio
Reported steady earnings due to resilience from long-term leases and
positive rental reversion for business & science parks and hi-tech industrial
Target Price: S$1.93
properties. Maintain BUY.
Target Price: S$1.93
report is out.. seems not bad..
re entry again on this
offloaded in the morning. waiting for entry again
u gt it at a nice entry. i just in today. looking at the chart, it is trading at similiar pattern, trend up with correction close always on higher low. and making higher high.. if the pattern is not broken, this leg up can bring a-reits up to 1.8 liao b4 next correction.
gd luck to u n me
Snappers ( Date: 29-Jun-2009 00:43) Posted:
|
no.. just check their old news to kn why
Moneysense ( Date: 03-Jul-2009 22:52) Posted:
|
Any expert can advise whether Areit will issue rights? Appreciate it.
i am interested... vested at 1.46 on wednesday.. hope to make some money to go wet market.. :)
hosin_fly ( Date: 24-Jun-2009 14:57) Posted:
|
hmmm no one interested in Areits anymore?? Volume so low...