CapLand Ascendas RE    Last:2.68   -

Ascendasreit

OCBC on 4 Apr

http://sgxreports.blogspot.com/2012/04/ascendas-reit.html

 

CIMB on 5 Mar

http://sg-shares.blogspot.com/2012/03/ascendas-reit.html

 

A gem and solid counter to own.

 

Defensive play for jan 2012 ? ??

 

Ascendas REIT: Announced its maiden acquisition in Beijing, a business park property for Rmb300m (S$62m) for the property. Mgt earlier in Feb announced the forward purchase of a business park property in Shanghai for Rmb588m and this latest acquisition is in line with strategy to expand in gateway cities in China with focus on the business and science park segment.

The property is currently 100% occupied with Baidu and Raisecom Technology as major tenants. Detusche tips acquisition to be yield accretive and estimates NPI yield of 8% vs its Shanghai ppty at 8.8%) which contributes 0.02c/unit accretion to pro-forma FY11 DPU assuming 60:40 equity:debt structure. Portfolio passing rent of Rmb3.20 psm/day is below current mkt rent of Rmb3.60 psm/day which should lift NPI yield to the mid-8% level as leases revert to market.

AREIT's gearing is estimated to increase from the current 28.7% to 35.6% after this acquisition and other capital commitments, which is still conservative vs. peers. Deutsche maintains Buy with $2.30 TP, while SCB has ‘In-Line’ Call with $2.14 TP.

 

S$1.64

nIce chErry

 

Ascendas Real Estate Investment Trust announced that it has acquired a business park property known as Ascendas Z-Link located at Block 17, No. 8 Dongbeiwang West Road, Zhongguancun Software Park, Haidian District, Beijing, China, for an attributed value of RMB 300 million.

http://sgsharemarket.com/home/2011/10/singapore-company-highlights-04102011/?=AscendasReit

 

 

Just brought Ascendasreit.

Looks like the Bull is trying to push this one up, although there is some success, but still weak.

Stop-Loss at $1.960.

T.P. is $2.10.

BTW, the Reits seems to be on the move today, you guys may want to take a look.

 

CIMB  Report 19/07/11

http://kfc1973-stock.blogspot.com/2011/07/reit-growing-from-strength-to-strength.html

 

basically you are taking things from Remisisers.org take out the details and make it your own. why not just give your own views on these reits?

 

DMG Report 19/07/11

http://kfc1973-stock.blogspot.com/2011/07/reit-beneficiary-of-rising-rents-dmg.html

 

DBSV Report 19/07/11

http://kfc1973-stock.blogspot.com/2011/07/reit-increasing-development-pipeline.html

 

CIMB report

http://kfc1973-stock.blogspot.com/2011/07/reit-further-enlarging-business-park.html

 

SINGAPORE, July 11 (Reuters) - JPMorgan has raised its target price for Ascendas Real Estate Investment Trust , which owns industrial properties, to S$2.25 from S$2.15 and kept its neutral rating.

STATEMENT: JPMorgan has raised its distribution per unit estimates for Ascendas REIT in 2012-2014 by 1-2 percent to reflect its acquisition of Nordic European Centre, a business park in Singapore, for S$122 million.

With the acquisition, Ascendas has fully deployed the S$400 million capital it raised in March, and the trust's focus on the business park segment will help to improve its earnings growth for the next three years, the brokerage said.

Shares of Ascendas have gained 4 percent since the start of the year to close at S$2.15 on Friday.

 

AscendasReits triggered a " one black crow" candlestick formation today. MACD/RSI/Stoc all showing signs of weakening. caution needed.

http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-28062011/?=AscendasReit

 

 

Ascendas Real Estate Investment Trust announced that through its Trustee, HSBC Institutional Trust Services (Singapore) Limited, it has been awarded the 6,253 square metre site with a 60-year leasehold interest at Fusionopolis within the one-north master plan region through a public tender by JTC Corporation today.

http://sgsharemarket.com/home/2011/06/singapore-company-highlights-09062011/?=AscendasReits

 

 

 

 

 

Ascendas Real Estate Investment Trust  announced that the Manager is proposing to carry out a private placement of up to 209,425,000 New Units to institutional and other investors at an issue price of between S$1.91 and S$1.96 per New Unit raise gross proceeds of approximately S$400.0 million. The net proceeds from the Private Placement amount to approximately S$393.3 million, after deducting the underwriting and selling commission and other estimated fees and expenses incurred in connection with the Private Placement.

   

  /sgx

 

 

 

  ///*
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it?      http://www.youtube.com/watch?v=kMOvjDJeOuQ        Msg  (Contact) me here for details.
/*      

 

Ascendas Real Estate Investment Trust  announced that it has signed a conditional Sale and Purchase agreement with Ascendas (Tuas) Pte Ltd to acquire Neuros & Immunos at 8/8A Biomedial Grove, Biopolis, for a purchase consideration of S$125.6 million.Neuros & Immunos are a pair of 7-storey multi-tenanted science park buildings sited on a land area of 8,051 sqm with a 30+30 years land lease tenure with effect from February 2005. They have a gross floor area and net lettable area of 36,931 sqm and 28,345 sqm respectively and are currently 100% occupied.

 

 

/sgx

 

 

  *
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it?    http://www.youtube.com/watch?v=kMOvjDJeOuQ        Msg  (Contact) me here for details.
/*   

 

Is it good or bad news? Can unitholders subscribe the new units?