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Will the share price drop?
Where did U get the news on the notes ?
Heard that FCT is issuing $500,000,000 of notes? Is this another form of raising cash by selling it like a fixed deposit, where investors invest in the notes to get annual interest return?
DPU means distribution per unit. this term is used in REITS. it has the same meaning of Dividend Yield for share.
Hi,
I saw from this forum that FrasersCT got DPU of $0.0186.
what does DPU means? and does it means they are paying a dividend of $0.0186 per share?
Thanks for clearing my doubts.
this looks good for an entry...go long..
62c..
SGD 0.0161 LESS TAX
SGD 0.0006 TAX
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Ex-date : |
2 Feb 2009 |
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Date Paid/Payable : |
27 Feb 2009 |
integra ( Date: 31-Jan-2009 14:17) Posted:
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Hi all,
I saw FCT with a CD..May i know the amount that they are paying for dividends and the XD date?Or is there any source that i can take a look?
Thanks for the information...Have a enjoyable saturday
This is one of the FAT reits that short sellers target
The rest like Cambridge, Alloc has no meat left
Anything not down will be targetted
e.g The CapitalRChina reit really down alot from the high
With a DPU of approx 5.44 after rights , Mapletree should be treading at 54.4 cts to get 10 % yield (means it is still fat)
Why has this stock goes down in price so quickly? Anyone willing to clarify??
CITI - Buy: Results In-Line With Expectations
Buy/Low Risk 1L
Price (22 Oct 07) S$1.50
Target price S$1.96
from S$1.82
Expected share price return 30.7%
Expected dividend yield 4.5%
Expected total return 35.2%
Market Cap S$926M
US$633M
Results in-line with expectations ? For 4QFY07, FCT announced a DPU of 1.67 cents (flat QoQ) translating to a FY07 DPU of 6.55 cents, in-line with ours and consensus? forecasts.
Northpoint AEI plans unveiled ? AEI for Northpoint is substantial in our view and will be carried out in 3 stages and will last 18 months over FY08E and FY09E. The main thrust of the AEI would be to enable integration with NP2 into a single enlarged mall.
Northpoint 2 (NP2) acquisition likely in 4QFY08 ? FCT has signed a put and call option agreement with a price range of S$139.5m to S$170.5m for NP2. We estimate that NP2 acquisition can provide a FY09E DPU uplift of 4%.
Anchorpoint will fully open in Dec 2007 ? Almost 90% of its NLA is committed. Rents are some 35% higher than pre-AEI rents. Income from fully operational Anchorpoint will offset partial income loss from AEI-affected areas at Northpoint.
Maintain Buy (1L), Raise TP to S$1.96 ? Lowered FY08E and FY09E DPU estimates due to potential income decline during the AEI works at Northpoint. Despite lowering DPU forecasts, we have raised our TP marginally as future income stream (post-AEI) from NP will more than offset the decline, and we have also factored in NP2 acquisition. In our view, FCT is worth some S$2.03, including a 12-month DPU of 6.8 cents.
OCBC - Frasers Centrepoint Trust: Investment case remains intact
4Q slightly better than expected. Frasers Centrepoint Trust?s (FCT) delivered 4Q07 revenue of S$19.8m, 5.0% higher than its prospectus guidance, with distributable income of S$10.3m and DPU of 1.67 cents. Distributable income was higher than FCT?s own forecast by about S$1.23m and this was attributed to associate income (from the recent acquisition of Hektar REIT), which was not anticipated in the forecast. The results are broadly in line with our estimates.
Anchorpoint refurbishment to complete in Nov. FCT?s asset enhancement of Anchorpoint Shopping Centre (ASC) is on track for completion by Nov 2007. The indicative rent from the revamped ASC is S$7.2 psf/month and this is about 35% above the preceding rent. The next asset that is likely to be revamped will be Northpoint and construction to commence in early 2008. This refurbishment is likely to be very extensive and would involve a seamless integration with the extension (Northpoint 2) that is presently being built by its sponsor. This in turn will affect DPU marginally and delay growth to FY09. We have thus revised our FY08F DPU from 7.57 cents to 6.87 cents. FCT has also indicated that Northpoint 2 is likely to be acquired by late FY08 and should increase its portfolio size by about 10%.
Price to book is down as we expected. In our Aug 2007 report on FCT, we had articulated that the market could be punishing FCT for its perceived high valuation as measured by its Price/Book (P/B) ratio. We argued that the high ratio was mainly due to the fact that FCT had not revalued its book at its 1H results, unlike other retail REITs which did, thus resulting in much lower P/B ratios relative to FCT. In the current results, FCT has revalued its assets and has achieved a revaluation surplus of about S$52.5m (+ 5.6%). This in turn has boosted its book value to S$1.16 (from S$1.09). More importantly, this new NAV has lowered its P/B to only 1.29x (down from 1.4x in Aug) and in line with the sector average.
Maintain BUY. The investment case for FCT is simple; pipeline of properties to acquire from its parent, growth from asset enhancements, and rent reversions. The investment case remains intact and growth should start to materialize from FY09. We maintain our BUY rating and our fair value at S$1.67.
Frasers Centrepoint Asset Management Ltd
., the Manager of Frasers Centrepoint Trust (?FCT?), completed its first full year of operations with sterling results, and is well positioned for the new financial year. FCT?s distributable income for fourth quarter 2007, was S$10.3 million, 13.5% higher than the forecast of S$9.1 million. This translates to a distribution per unit of 1.67 cents. Full year DPU was 6.55 cents, an increase of 12.0% above the forecast of 5.85 cents.
Maybe your right.
This counter looks to me to be on a downtrend. RSI, Acc/Dist and Chaikin all heading south.
This reit does look like it has some upside to $1.30 but I'm not so sure. RSI is 65 which is almost indicating overbought. 6d MA turned down but looks like it might recover a little.
This reit is also another CapitaMall/Trust in the making. Very good potential with strong backing ( F& N ).