Ascott   

Ascott

Tks shplayer for ur comments.

It's oversold very badly, Downside if any, should be limited from a high of $2 to almost half. Company's position is sound with good profit,  

With local tourism expected to bloom, ascott will benefit greatly. Anyway understand they are properties are widely expanded regionally. Good price for mid to long term investment.   

 

will keep it in my watchlist now as it drop only1cents today compare to the big drop last few days

 

ghpreal,

The way this stock has been falling the past 7 weeks, it may be more prudent to wait till trend reversal is confirmed before taking the plunge.

 

Sry Typo error

should read price at 1.12 to 1.14

 

At 1.20 to 1.40  it's already all time low for the year. Best time to accumulate before it move up? any views are welcome.

 

   

 

it seems to be going further south.... 

 

It is this year all time low now. I personally think is really a good bargain.

 

this stock price has reach a new low... wondering what happened to it? should i go in now or later?

 

it has been on the doentrend since 15th Nov.

 

Very Attractive at current price of 1.28-1.29 .......buy on weakness , tis stock rebounds fast ,it fundemental very sounded

 

Price has gone down so much. With Capland down, this counter also follow. Sigh.

 

So long, so what are the main points of this article?  Positive news?  I guess ppl are too busy to read word by word leh.

 

- page 1 -

1

For Immediate Release

NEWS RELEASE

ASCOTT ACQUIRES FIFTH SERVICED RESIDENCE IN INDIA

First international serviced residence company to enter Hyderabad

Singapore, 10 December 2007

venture agreement with The Rattha Group (Rattha) to acquire its fifth serviced

residence in India. The 218-unit property, to be named Citadines Hyderabad

Hitec City, is Ascott?s first serviced residence in Hyderabad. Ascott will invest

INR 407.6 million (S$15.0 million) to acquire a 49% equity stake in Citadines

Hyderabad Hitec City. Rattha will hold the remaining majority stake.

This latest joint venture is part of Ascott?s master development agreement

signed with Rattha in August 2006. The agreement aims to acquire and develop

seven serviced residences with a total of at least 1,000 units in India by 2010.

Ms Jennie Chua, Ascott?s President & CEO said: ?The addition of Citadines

Hyderabad Hitec City puts the Group ahead of the target set out under the

agreement with Rattha. Ascott now has five properties with more than 1,100

units under development in Bangalore

continue to seek new business opportunities in other cities including New Delhi

and Mumbai. Our strategy is to entrench our foothold in India as a first-mover

by leveraging on the growing demand for quality-class serviced residences

across India?s first tier and emerging cities.?

Mr Chong Kee Hiong, Ascott?s Deputy CEO (Finance & Investment) said: ?We

see tremendous growth opportunities in Hyderabad as it is a vibrant business

city and there is currently no international serviced residence operator there.

Citadines Hyderabad Hitec City will be in the heart of Hitec City, a major

technology township where the Hyderabad International Convention Centre is

located. It will also be close to numerous office buildings, IT parks and

multinational companies. When completed, the serviced residence will be poised

to tap into the rising accommodation needs of business travellers, in particular

those from the IT and biotechnology industries.?

Citadines Hyderabad Hitec City is targeted to open in the first half of 2010.

With this latest addition, Ascott will have a total of 1,178 serviced residence

units in five properties under development in India. The other four properties are

Somerset Whitefield, Bangalore, Citadines Chennai Boulevard, Citadines

Chennai OMR Gateway and Somerset Greenways, Chennai. These serviced

residences are slated to open between 2008 and 2009.? The Ascott Group (Ascott) has signed a joint, Chennai and Hyderabad. We will

About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator

with close to 14,000 operating serviced residence units in key cities of Asia

THE ASCOT T GROUP LIMI T ED

( R e g n . N o : 1 9 7 9 0 0 8 8 1 N )

N

Singapore 068811o8 Shenton Way #13-01

Telephone

(65) 6220 8222

Facsimile

(65) 6227 2220

www.the-ascott.com

S INGAPORE

AUSTRAL IA

BAHRAIN

BE LGIUM

CHINA

FRANC E

GEORGIA

GERMANY

INDIA

INDONE S IA

JAPAN

KAZAKHSTAN

MALAYS IA

NEW ZEALAND

PHILI P P INE S

QATAR

RUS S IA

SOUTH KOR EA

S PAIN

THAILAND

UNITED ARAB EMIRATE S

UNITED KINGDOM

VIE TNAM

- page 2 -

2

Pacific, Europe and the Gulf region, as well as more than 5,500 units which are under

development, making a total of over 19,500 units.

The Group operates three brands ? Ascott, Somerset and Citadines. Its portfolio spans 54 cities in

23 countries, 12 of which are cities where Ascott's serviced residences are being newly developed.

The Ascott Group is headquartered in Singapore. It pioneered Asia Pacific's first branded luxury

serviced residence in 1984. It also established the world?s first pan-Asian serviced residence real

estate investment trust, Ascott Residence Trust, in 2006. Today, the Group boasts a 23-year

industry track record and serviced residence brands that enjoy recognition worldwide.

The Ascott Group's achievements have been recognised internationally. Recent awards include

Business Traveller China Awards 2007 ?Best Serviced Residence Brand?, World Travel Awards

2007 ?Australasia?s Leading Hotel? and ?New Zealand?s Leading Hotel?, TTG Travel Awards

2007 ?Best Serviced Residence Operator?, Business Traveller UK Awards 2007 ?Best Serviced

Residence Company?, Business Traveller Asia Pacific 2007 ?Best Serviced Residence Brand? and

?Best Serviced Residence?, and Forbes China 2008 ?China?s Best Serviced Apartments?. For a full

list of awards, please visit http://www.theascottgroup.com/aboutus/awards

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence

arm of CapitaLand Limited, one of the largest listed real estate companies in Asia. Headquartered

in Singapore, the multinational company's core businesses in real estate, hospitality and real estate

financial services are focused in gateway cities in Asia Pacific, Europe and the Middle East. The

company's real estate and hospitality portfolio spans more than 100 cities in over 20 countries.

For more information on The Ascott Group?s property listings, visit

http://www.theascottgroup.com/aboutus/group_directory.html

Issued by : The Ascott Group Limited Website: www.theascottgroup.com

8 Shenton Way, #13-01, Singapore 068811

For more information, please contact:

Media

Celina Low, Vice President, Corporate Communications

Tel: (65) 6500 3399 HP: (65) 9682 5458 Email: celina.low@the-ascott.com

Foo Siew Shyan, Assistant Manager, Corporate Communications

Tel: (65) 6500 3404 HP: (65) 9362 7652 Email: foo.siewshyan@the-ascott.com

Analyst

Lilian Goh, Head, Investor Relations

Tel: (65) 6586 7231 HP: (65) 9795 5225 Email: lilian.goh@the-ascott.com

# # # # # #

 

It is 'internal deal'. 

 Just that, SuntecReit, last done @4:59pm was 1.63, but closing 5:05pm, it has internal deal of 1.55 @ 1million shares
 

 

Ascott have been trading between 1.41 and 1.42 the whole day on Friday. It have been push down to 1.38 at the end of the day at 5.05pm. Can anyone explain how this is done since 1.40, 1.39 queue is not cleared at 5.00pm. Thanks!

 

Big Vol buying spree this afternoon. It's about time!

 

Out this morning: Ascott achieves double-digit revenue growth for 3Q 2007. For more info, go to SGX announcement website.

 

Hi,

Can anyone enlighten me what is the difference between the two counter Ascott and Ascott Reit? Thank you.

 

Ascott Reit doing well. How come Ascott Group price is so oversold? This counter has history of sudden surge, so I shall wait for history to repeat itself. Meanwhile, waiting for result announcement on 26 Oct morning.

 

ART UNITHOLDERS? DISTRIBUTION 84% ABOVE 3Q 2006
Boosted by strong performance from Philippine and Singapore properties
Singapore, 24 Oct 2007 ? Ascott Residence Trust (ART) achieved a
unitholders? distribution1 of S$12.0 million for the period 1 July 2007 to 30
September 2007, a 84% increase over the same period last year,
underpinned by strong operating performance and accretive acquisitions.
Distribution per unit (DPU) for the same period is 1.99 cents, an increase of
39% over 3Q 2006. This is also 9% higher than the forecast2 of 1.82 cents.

ART results confident of delivering DPU of 7.27 cents for year. Go to SGX announcement for more details.