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SINGAPORE: Mainboard-listed Ascendas Reit or A-Reit has acquired Neuros & Immunos, a science park property at Biopolis for S$125.6 million.
A-REIT said the acquisition will strengthen its leadership position in the business & science park segment while providing a stable stream of income as the properties enjoy 100 per cent occupancy.
Strategically located at Biopolis, the bio-medical research hub at one-north, the properties are within walking distance of the Buona Vista MRT station.
Neuros & Immunos are a pair of seven-storey multi-tenanted science park buildings sited on a land area of over 8,000 square metres with a 30-year land lease tenure with effect from February 2005.
The transaction is subject to the approval of JTC Corporation.
Separately, A-Reit has launched a private placement that could raise up to S$400 million in gross proceeds to fund its property purchases.
The commercial property reit will issue 209.4 million units to investors at an offer price of between S$1.91 and S$1.96 for each unit.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A13EA60A2ACBB8E3482578640006CA4C/$file/AREITLaunchPrivatePlacementAnnouncement31March2011.pdf?openelement
Damn. Diluting shares.
bishan22 ( Date: 31-Mar-2011 09:46) Posted:
Halted today, why??? 
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Halted today, why???
We can't be so myopic. We have to see it as a global ecomony where BBs can also exit a dwindling market to enter a plunging market
to seize golden opportunities to stretch their funds.
" Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. " ~ Mr Warren Buffett
AReit does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.
Ascendas Real Estate Investment Trust hired HSBC Holdings Plc to help it sell 9.6 billion yen ($150 million) of 2.11375% notes due February 2018, according to a Singapore stock exchange announcement.
The notes were sold under the company’s $1 billion medium- term notes program established in 2009 and the resulting funds were swapped into Singapore dollars, resulting in net proceeds of about $148.4 million, the statement said. Those funds will be used to refinance debt and for general working capital purposes, it said.
/theedge/
Ascendas Crossed above the oversold region! Bullish reversal detected! Time to enter =)
Read my detail analysis on Ascendas REIT here
Our pivot point is at 2.19.
Our preference: target 2.03.
Alternative scenario: above 2.19, look for 2.23 and 2.26.
Comment: the RSI is below 50. The MACD is positive and below its signal line.The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (2.14) but above its 50 day MA (2.1).
Supports and resistances: 2.23 *2.19 **2.17 2.11 last 2.06 2.03 **2 *
// TRADING CENTRAL is a commentary service specialising in technical analysis //
Ascendas REIT: Annouced results, with 3Q11 distributable income +0.8%YoY to $61.7m, DPU +0.6% to 3.29c and net property income at $83.9m.
JP Morgan retains Neutral with $2.20 TP, tipping counter as preferred large-cap S-REIT and Overseas expansion as key near term catalyst.
Credit Suisse mean while downgrades to Neutral with $2.33 TP, citing that 3Q11 results in line, with grp experiencing negative rent reversions at 3 segments. Expect the hi-tech space to continue experiencing negative reversions into FY12, and accretions from acquisition growth (if any) to be capped due to its large base.
Daiwa maintains Outperform with $2.50 TP. Note that REIT remains a highly liquid S-REIT with an attractive DPU yield and a stable DPU-growth outlook.
Deutsche Bank maintains Buy with $2.33 TP, noting that 3Q slightly below forecast, yet regional opportunities beckon.
In other ratings, Morgan Stanley maintain Underweight, citing that reit trading at full valuations, at 1.4X FY12e P/B vs. 0.9X to 1.4X of S-Reits.
Nomura maintain Reduce with $1.88 TP from $1.66 citing that REIT continues to trade at premium multiples: a 14.9% premium to revised PT and 1.36x price to book value.
UBS maintain Buy with $2.44 from $2.38, extending its built-to-suit record.
// just for sharing //
Particulars :
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011010 - 311210 SGD 0.0329 LESS TAX
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Ex-date :
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21 Jan 2011
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Buy-In Last Cum Date :
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25 Jan 2011
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Record Date :
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25 Jan 2011
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Date Paid/Payable :
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28 Feb 2011
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Last updated on 01/18/2011 03:00:53 AM
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continue to buy la ^-^
Ascendas REIT: 3QFY10/11 Results Lacklustre; Maintain HOLD
Summary: Ascendas
REIT (A-REIT) reported 3QFY10/11 gross revenue of S$109m, up 3.74% YoY
but down 1.89% QoQ. Income available for distribution was up 2.6% YoY
but down 0.5% QoQ. A-REIT will disburse 3.29 S cents to unitholders,
payable on 28 Feb. This is the second consecutive quarter that AREIT saw
a decline in gross revenue, NPI, income available for distribution and
income distributed. As of 31-Dec, A-REIT has an aggregate leverage of
34.7% and has ample debt headroom to fund further investment
opportunities, with an additional S$931m leeway to reach 45% aggregate
leverage. We were disappointed that there was no announcement of
international acquisitions, despite previous reports that A-REIT has set
up a representative office in Shanghai and is actively exploring
investment opportunities in Asia. Maintain HOLD with a reduced
RNAV-derived fair value of S$2.20, on grounds that valuations and
prospects do not seem compelling at the moment. (Ong Kian Lin)
By OCBC
Our pivot point is at 2.12.
Our preference: the upside prevails as long as 2.12 is support.
Alternative scenario: the downside breakout of 2.12 would call for 2.08 and2.05.
Comment: the RSI is above 70. It could mean either that the stock is in alasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 2.1 and 2.1). Ascendas Real Estate InvTrt is currently trading near its 52 week high reached at 2.29 on 13/09/10.
Supports and resistances: 2.3 *2.27 **2.24 2.18 last2.14 2.12 **2.08 *
// TRADING CENTRAL is a commentary service specialising in technical analysis //
Nomura recommends BUY with Target Price at $2.50
What has changed?
• Ascendas Real Estate Investment Trust (AREIT) is scheduled to announce its 3Q
FY11 results on 17 January 2011. We forecast a distribution per unit (DPU) of
3.52˘ for the quarter, an increase of 6.8% QoQ and 7.7% YoY.
Impact
• We forecast a gradual recovery in net property income (NPI) to S$85.7m, an
increase of 2.1% QoQ and 5.3% YoY. We envisage limited negative surprises
for the major industrial-property sub-segments, with the possible exception of
business parks and hi-tech industrial buildings.
• AREIT’s occupancy rate for its multi-tenanted properties (most of its business
parks are multi-tenanted properties, while the multi-tenanted hi-tech industrial
properties would also face the risk of rising vacancies or negative rental
reversions, in our view) was 90.5% as at 30 September 2010, compared with
91.5% as at 30 June 2010. We also note that Singapore business park median
rents softened by 2.5% QoQ to S$3.56 for 3Q10.
• We have revised down our DPU forecasts ahead of the results announcement,
by 1% for FY11, 2.4% for FY12, and 2.0% for FY13 after adjusting down our
NPI contribution forecasts for the business park segment by 3.4-4.7%.
Valuation
• We maintain our six-month target price of S$2.50 for AREIT, based on yield
parity with the S-REIT sector.
Catalysts and action
• We maintain our 2 (Outperform) rating for AREIT for its stable DPU growth
and above-sector average DPU yields. We still believe AREIT’s units are
highly attractive for funds looking for liquid, stable and high-yield instruments.
Life Is Great
2.11 is our pivot point.
Our preference: the upside prevails as long as 2.11 is support.
Alternative scenario: the downside breakout of 2.11 would call for 2.05 and 2.02.
Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 2.08 and2.09). Ascendas Real Estate Inv Trt is currently trading near its 52 week high reached at 2.29 on 13/09/10.
Supports and resistances: 2.32 *2.29 **2.25 2.17 last 2.14 2.11 **2.05 *
// TRADING CENTRAL is a commentary service specialising in technical analysis.//
///wow !! nested golden reits egg liao ///
I like your post very much... seriously.
And some of my veteran friends' charts are so beautifully filled
with all sorts of indicators, oscillators, and diverging averages that one
couldn't help but marvel at their diligence and creativity...
But such 'overlays' are purely personal add-ons...
I prefer just a no-frills chart, without any indicators at all.
Even a single SMA line on an otherwise clean price chart
makes me erase it, as it spoils the chart's look and usefulness. . 
krisluke ( Date: 19-Dec-2010 07:34) Posted:
I read chart also,, but the past candlesticks was of bullish kinds. Is issuing rights good news or bad news ? ?
my chart color is bol band silver (light grey), 20 day (MA) orange, 50 day (MA) gold, 100 day (MA) blue and 200 day (MA) green.
trading volume average line is gold color.
Sar bullish green, sar bearish blue.
color do makes one's mood happier : ) |
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I read chart also,, but the past candlesticks was of bullish kinds. Is issuing rights good news or bad news ? ?
my chart color is bol band silver (light grey), 20 day (MA) orange, 50 day (MA) gold, 100 day (MA) blue and 200 day (MA) green.
trading volume average line is gold color.
Sar bullish green, sar bearish blue.
color do makes one's mood happier : )
ok, i queue at 200, don't honw got kanna or not... ... : ) _ : )
The price close below the 200d MA on fri. Look like the bear might gain control. Look out for crucial support level @ $2.0 on monday! The price might continue to fall if it breached this support level. Several bearish indicator suggests that the stock might breach this support level.
read my analysis on Ascendas REIT
Could they be issuing rights soon?
