Suntec Reit    Last:1.14    +0.02

Suntec REIT

Hit new high $1.44!

 

moving positve ~

well for dividend maybe u can try estimating by using 09 account. nt realli sure if there any other ways for it.

 

Hi All,

Is there anywhere that we can find out the amount dividends to be given out on 2010 ?  Thanks.

 

Its unlikely that they will issue rights for any new acquisitions - current gearing has been reduced to 30% from 34%. Most probable means of acquisitions will be via new bank loans, at depressed interest rates ofcos.
With the new acquisitions, Suntec will taste its SGD1.90-2.00 range once again :-)

Not too late to load up.

 

Jackpot2010      ( Date: 23-Dec-2009 15:22) Posted: Refinancing of existing loan due only in 2011 - 2 years away. But Suntec may buy into Marina Bay Financial Centre next yr - then that will call for rights issue for sure. des_khor      ( Date: 23-Dec-2009 10:15) Posted: All reits are comes with refinance issue... shorterm play and better sell before the refinance due date.

 

Refinancing of existing loan due only in 2011 - 2 years away. But Suntec may buy into Marina Bay Financial Centre next yr - then that will call for rights issue for sure.

des_khor      ( Date: 23-Dec-2009 10:15) Posted: All reits are comes with refinance issue... shorterm play and better sell before the refinance due date.

 

All reits are comes with refinance issue... shorterm play and better sell before the refinance due date.

 

neutral at this stage as rally fast and furious over last few days....can take some profit off table if you want...or keep for longer term....good luck :)

 

Rumours that UBS + hedge funds bought into this counter - in anticipation of Marina IR grand opening (Apr 2010). IF hit $1.50 maybe time to take some money off the table n move to 2nd/3rd liners.

 

buy on dip....good luck :)

 

Share price is well below NAV, good dividend, no short term finance risk, prime property...approx 10% dilution with the offering of new units though but should still be a healthy stock.

Still a good buy, mid term wise for another 18 months. Bought some few months back to collect dividends when it is below $1

 

Those who hold the share - now gain div 2.8c + higher price @1.28. Hitting UBS tp $1.44 & CIMB tp $1.51 soon....

 

as said BUY ON DIP....good luck :)

 

buy in dip...will benefit from the circle line, IR opening (MBFC) and recovery of office rental (aka. through Singapore GDP recovery) next year....the share overhang due to potential fund raising cleared and hence it should trend up as uncertainty removed....good luck :)

 

Telext stated ex-div tmr - Thurs 17 Dec. But SGX announcment is 21 Dec for closure of books for div entitlement. Better to heck before buying or selling tmr. Anyway prices will remain stable tmr whether ex or cum-div.

victorf      ( Date: 16-Dec-2009 10:36) Posted: last 1-2 days to buy and get dividend....no more after that....buy and keep for the circle lines' event next year....another SHIOK counter which can get dividend every 3 months (like STARHUB)...near to 10% yield (potential for growth once circle line is up and IR in Marina is up next year....good luck :) VESTED now!!!

 

same sentiment here... let's see what happen next week.

nickyng      ( Date: 11-Dec-2009 14:54) Posted: looks like BB artificial placin a "support level" at 1.25 siah !! interesting ! :D

 

last 1-2 days to buy and get dividend....no more after that....buy and keep for the circle lines' event next year....another SHIOK counter which can get dividend every 3 months (like STARHUB)...near to 10% yield (potential for growth once circle line is up and IR in Marina is up next year....good luck :)

VESTED now!!!

 

CIMB (15 Dec 09): Private placement to raise gross proceeds of S$153m

Maintain Outperform; target price S$1.51

Suntec REIT completed a private placement of 128.5m units on 11 Dec that was fully subscribed at an issue price of S$1.19/unit. Gross proceeds of S$153m would be chiefly used to pare down debt, lowering its gearing to 31.5% from 34.3%. Our FY10-11 DPU estimates have been diluted by 5% and our DDM target price lowered in tandem to S$1.51 (from S$1.59) with an intact discount rate of 8.1%. We are positive on this placement in the context of the manager’s overall capital management which minimises dilution for unitholders. We continue to like Suntec REIT for its retail catalysts in 2010 and relative attractiveness (0.64x P/BV and forward yields of 7.3%) vs. its closest peer CCT (0.79x P/BV and yields of 5.6%).

 

still call for buy on dip...good luck :)

 

DBS (11 Dec)

A positive move

• Private placement of S$152.9m

•

impactBalance sheet strengthened, minimal DPU dilutive

• Maintain Buy with TP of $1.38

S$152.9m private placement. Suntec Reit has completed a private placement of 128.5m new units at S$1.19 each, which was >5x oversubscribed. The issue price represents a 6.5% discount to the VWAP price of $1.2724 and 4.6% discount to the adjusted VWAP of $1.2475. Gross proceeds of S$152.9m (net S$149m) will be used to reduce bank borrowings. The new units will not be entitled to the advance dividend distribution.

Minimal dilutive impact. We view this exercise as a positive strategic move on the group’s capital management exercise. Post placement, gearing is anticipated to decline to 31.5% from 34.3%, increasing the flexibility of its balance sheet. In terms of DPU impact, FY10 DPU estimate of 9cts is lowered by 3.3% to 8.7cts, after adjusting for interest savings.

Maintain Buy. We maintain our Buy call for Suntec. Post placement, FY10 DPU yield remains attractive at 6.8%, on the higher end of its comparable peer range. Suntec’s properties are well located and is expected to benefit from the expected increased vibrancy of the Marina Bay area when the Marina Bay Sands IR is opened. Our adjusted target price of $1.38 offers potential absolute return of 14.6%.

 

NOTICE OF ADVANCED DISTRIBUTION BOOKS CLOSURE & DISTRIBUTION PAYMENT
DATES
NOTICE IS HEREBY GIVEN that, pursuant to the Private Placement (as defined herein), the
Transfer Books and Register of Unitholders of Suntec REIT will be closed at 5.00 p.m. on 21
December 2009 to determine the entitlements of unitholders of Suntec REIT (“Unitholders”) to
Suntec REIT’s distributable income (the “Advanced Distribution”) for the period from 1 October
2009 to the day immediately prior to the date on which the new units in Suntec REIT (“New Units”)
are issued in connection with the private placement pursuant to section 302C of the Securities and
Futures Act, Chapter 289 of Singapore, of 128,500,000 New Units (the “Private Placement”). The
New Units are expected to be issued on 22 December 2009.
The next distribution following the Advanced Distribution will comprise Suntec REIT’s distributable
income for the period from the day the New Units are issued under the Private Placement to 31
December 2009. Quarterly distributions will resume thereafter.
The current expectation of ARA Trust Management (Suntec) Limited, as the manager of Suntec
REIT (the “Manager”) is that the quantum of distribution per unit in Suntec REIT (“Unit”) under the
Advanced Distribution will be approximately 2.44 to 2.54 cents1.
The actual quantum of the distribution per Unit under the Advanced Distribution will be announced
on a later date after the management accounts of Suntec REIT for the relevant period have been
finalised.
Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with
Units as at 5.00 p.m. on 21 December 2009 will be entitled to the Advanced Distribution that will
be paid on or around 20 January 2010.

wongmx6      ( Date: 14-Dec-2009 20:50) Posted: DIVIDEND Ex.Date: 17 Dec 2009 APROXIMATE SGD 0.0244 TAX EXEMPT DIVIDEND Ex.Date: 2 Nov 2009 010709-300909 SGD 0.00378 TAX EXEMPT DIVIDEND Ex.Date: 2 Nov 2009 010709-300909 SGD 0.02543 LESS TAX