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Breaking news from: Kim Eng Securities.
3Q Results of Suntec Reits brought forward to Tuesday 27 Oct. (After Hours). So next day on Wed. trading will see Suntec $ chiong...
1) LKS + pte investors owns 43% of Office Towers + Spore Intl Convention & Exhibition Ctr. thru their pte co.
2) Suntec Reits owns balance 57% of Office Towers + 100% Shopping Mall + Park Mall + Chjms + 1 Raffles Quay.
3) Recently Suntec Reits bought 25% of the Convention & Exh Ctr.
focus74 ( Date: 14-Oct-2009 18:25) Posted:
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As previously announced,
successfully secure $825 million of term loan in April 2009.
in 2011 with loan amount of $532.5 million.
Suntec has no near term refinancing concern. It hasThe next loan maturity isThe current gearing is 34%.Valuation & recommendation.
time to pick up following the nation’s exit from recession in the last quarter. We make
no changes to our assumptions and have a FY09F DPU forecast of 10.05 cents
which translates to a dividend yield of 9.5%. Fair value remains unchanged at $0.94
and retain our Hold recommendation
juz keep on moving strong ~
Unlikely scenario; may be at the beginning of IR opening, curiosity and publicity will pull a mad crowd to Marina, but after the excitement dies down, it will be 'each managing its own territory'. Marina IR, Suntec City and Orchard will have its own target customers.
Zelphon ( Date: 09-Oct-2009 11:57) Posted:
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how will they flock? fly is it?? - transportation linkages to IR are poor - whereas 2 Circle line stations will be opened , serving Suntec City, in 2010 - Promenade and Esplanade.
Suntec's Convention business will also benefit from the new stations
Zelphon ( Date: 09-Oct-2009 11:57) Posted:
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Suntec Last done: 1.09 up 3c.
IF you said Suntec City will become a ghost town, then what will happen to Orchard Rd or Bugis Junc ? Highly unlikely scenario! The whole vicinity will boom n boom !
Zelphon ( Date: 09-Oct-2009 11:57) Posted:
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Once IR starts... Everyone will flock to IR for shopping, dining, etc..
Suntec City will become a ghost mall...
Their YE 30.9.09, 4Q (Jul to Sep09) announce on Fri 30 Oct 09 after hours. Expect bumper div again - one of the top yield Reits with strong bal sheet + prime assets. Once Casino starts, the whole Marina Bay area will be a gold mine (in less few mths time). IF ParkMall @ Dhoby G can be redevelopment into a super-luxurious Commercial cum Residential apt like Ion Orchard imagine the value creation!.
PiggyBank ( Date: 08-Oct-2009 13:14) Posted:
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I think those such as CapitaMall, CapitaComm and Starhill should be alright as they just had fresh money from rights issues.
Suntec should not have difficulties in financing too.
My suggestion : put some money in some of the above counters.
I thk stay off reit for now...next bubble to burst will be comm RE...worth some 6.7t...and this yr alone coming..end of yr...450b..up...but i read that some 60% was not qualified for refinancing...as they was down graded by rating agency...