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| 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 |
U can go to TV text to chk out... Cant remember which page..
Question:
Is Suntec Reit giving out CD again? I thought I saw CD on this counter again. If so, how much? I did not manage to find Div related information in sgx.com.
Any idea - please advice
placement as expected when exiting near $1.34 last time...since the fund raising overhang is over, still a good counter and i will buy on dip...good luck :)
Recommendation: Buy on dip
| 03-Dec-2009 10:42 | SuntecReit / Suntec REIT  Go to Message |
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a good stock to buy with good dividend....only concern is whether there will be right issue or dilutive fund raising in future...have exited this stock at $1.34-$1.35 and after collecting dividend last time...waiting for opportunity to buy if there is any dip....good luck :) |
The company just issued 34.5 million shares to its founders on 9 Dec 2009. Within a couple of days later, it issued another 128.5 million.
Closed unchanged $1.28 despite placement @1.19! Must be Li Ka Shing supporting it.
nickyng ( Date: 11-Dec-2009 14:54) Posted:
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looks like BB artificial placin a "support level" at 1.25 siah !! interesting ! :D
wah!! "CRASH" to 1.24 ONLY ?!?! think SHORTISTs hv to do better than that right!??! :P
Placement at $1.19, overscribed 5 times and gone in 3 hrs. Trading resumes at 2pm.
Bad news - I think price will crash thru the roof after lifted! Private placement of 128m new shares @ $1.16 - 1.19 about 8% discount to last traded.
Be careful, think they will support the price to ensure success of placement.
nickyng ( Date: 11-Dec-2009 10:03) Posted:
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SHORT when halt is lifted AH !!! :P
Private placement, advancing Distribution.
Halted! My worse fear - raising funds thru rights issue to buy MBFC. IF rights, could be as much as 1:1 @$1
sorrie how will tt new units issue affect tt existing holders of tis counter other den diluting tt counter worth.
tt new unit issue to open to market or open to onli existing holders? sorrie dun realli noe wht tt new units issue means. many thanx ~
NEW UNITS ISSUE !!!!
Dilute DPU for Yr 2010 Q1 distribution....
ISSUE OF 34,500,362 NEW UNITS IN SUNTEC REAL ESTATE INVESTMENT TRUST
The Board of Directors of ARA Trust Management (Suntec) Limited, as manager of Suntec REIT (the “Manager”), wishes to announce that the Manager has today (9 December 2009) issued 34,500,362 units in Suntec REIT (the “New Units”) to Suntec City Development Pte. Ltd., the fourth of six instalments of deferred units in Suntec REIT in part satisfaction of the purchase consideration for Suntec REIT’s initial portfolio of properties in its initial public offering.
With this issue of New Units, the total number of units in Suntec REIT (“Units”) in issue is 1,668,800,104. The New Units will commence trading on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) at 2.00 p.m. today. The New Units will be traded under a separate temporary stock counter which will be maintained for the period commencing from today to the last day of “cum-distribution” trading for the current distribution period, which is expected to be in late January 2010. Thereafter, both the New Units and the existing Units will be aggregated and traded under the existing Suntec REIT stock counter on the Main Board of the SGX-ST on the next market day.
The separate temporary stock counter is necessary to differentiate the entitlement of existing Units to the distributable income of Suntec REIT for the period from 1 October 2009 to 31 December 2009 versus the entitlement of the New Units to distributable income of Suntec REIT for the period commencing from today to 31 December 2009, in line with current market practices.
Other than in respect of entitlement to the distributable income of Suntec REIT, the New Units will otherwise rank pari passu in all respects with the existing Units.
a good stock to buy with good dividend....only concern is whether there will be right issue or dilutive fund raising in future...have exited this stock at $1.34-$1.35 and after collecting dividend last time...waiting for opportunity to buy if there is any dip....good luck :)
Perhaps..
But..
1) IR got own MRT.. Ppl no need to go suntec as no need to bypass it to get to IR..
2) Office Rental dropping and still continue to drop..
3) IR draw a lot of crowd and most ppl will go shop at IR instead of Suntec... cos of the hype..
4) Too many malls in SG (i.e. ION, IR, Orchard Central, etc) taking up bigger share of shopping crowd..
5) Expressway also go to IR..
freeman_5js ( Date: 26-Nov-2009 21:29) Posted:
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CIMB (2 Dec):
Outperform
Suntec REIT is our top pick for 2010.
anticipation of catalysts from an increased population catchment from two new MRT
stations at Suntec City, and direct linkage to the Marina Bay integrated resort by
1H10. Suntec’s REIT’s 0.65x P/BV is lower than its closest peer CCT’s 0.75x. It is also
higher yielding at 7.7% (CCT 5.8%). Our DPU estimates are intact. However, we raise
our DDM target price to S$1.59 (from S$1.43) on a lower discount rate of 8.1% (from
8.8%) to align with our house rates. Suntec REIT offers a total prospective return of
30.9%, exceeding our expectations for the STI. This comes from potential price upside
of 23.3% and a forward dividend yield of 7.7%.
still believed tat tis counter will be worthly to be invest. even thout there's the new resort coming up, there is still a long time before it starts to threat tt growth of Suntec (if there's a threat). Furthermore the tt coming resort will onli increase tt crowd drawn to Suntec as how many days can a tourists/visitors spent at tt new resort. Suntec n its nearby attractions will surely get it shares of consumers ~ thats juz my personal thouts.