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Of course vote For it lah... dividends accretive acquisition leh...we got say meh?
The EGM for the puchase of two malls in Malaysia is on 04/06/2010.
Vote for or vote against ?
Right, my target range is 12% to 20% returns per 3 months, mostly mid-cap stocks. This one's EPS for P/E is too high... long term (6 months to 2 years) maybe ok to vest.
alexchia01 ( Date: 03-May-2010 15:44) Posted:
I think he's viewing from the trading stand point. As an investment stock, this stock is great. But as a trading stock, this stock is too expensive. It all boils down to what kind of investor are you.
Farmer ( Date: 03-May-2010 15:23) Posted:
Can share why its exp? Base on dividends? But it still give a decent yield of >6% pa base on current price. Project divs for FY10 and beyond will hit ~ 4cts pa or >. 
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I would say investors bought into reits for divs and its high yield, thus, not suitable for trading. As compare, ppty developer and marine/oil stocks may be cheap to consider if that is the case.
I think he's viewing from the trading stand point.
As an investment stock, this stock is great.
But as a trading stock, this stock is too expensive.
It all boils down to what kind of investor are you.
Farmer ( Date: 03-May-2010 15:23) Posted:
Can share why its exp? Base on dividends? But it still give a decent yield of >6% pa base on current price. Project divs for FY10 and beyond will hit ~ 4cts pa or >.
yipyip ( Date: 03-May-2010 15:09) Posted:
This stock very exp...... Not vested
DISTRIBUTION DETAILS
Distribution period: 1 January 2010 to 31 March 2010
Distribution amount: 0.95 cents per unit only |
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Can share why its exp? Base on dividends? But it still give a decent yield of >6% pa base on current price. Project divs for FY10 and beyond will hit ~ 4cts pa or >.
yipyip ( Date: 03-May-2010 15:09) Posted:
This stock very exp...... Not vested
DISTRIBUTION DETAILS
Distribution period: 1 January 2010 to 31 March 2010
Distribution amount: 0.95 cents per unit only |
|
This stock very exp...... Not vested
DISTRIBUTION DETAILS
Distribution period: 1 January 2010 to 31 March 2010
Distribution amount: 0.95 cents per unit only
This is one of my long term hold.
Simply the best.
Best Location, Best Return, Best Future, Best Price.
Can't go wrong with this.
Agree. This one still undervalue as compare to similar reits with strong sponsors. Its trading at under 1/3 nav of $0.81. Moreover, YTL is also a strong player in Mal -reits with stable divs distribution over the years.
My tp of 70-80cts by 4Q10 still intact.....lets see.
The future is good for this one . Wisma Atria will be going for a revamp and more GFA will be created.
tok is cheap leh....time shall tell :)
tonylim2 ( Date: 28-Apr-2010 22:30) Posted:
This one from InvestIdeas
Today's AGM,
Chairman, F Yeoh gave unitholders the assurance that the new management team led by Ho Sing will bring SGreit to a higher level by leveraging brand name of YTL, Starhill and Lot 10.
This will be a long term holding reit that they promised to payout good dividend even in bad time.
Internally they will cap their gearing to maximum 40% instead of the 60% which is permitable by By Law.
The AEI on Wisma Atria will be carried out in due course.
F. Yeoh spoke and carried himself well.
One shareholder ask FY one question. YTL wish to sell the malls in KL is it bevos he has less confidence in Malaysia.
He reply ws YTL invest about 2.5 Biliions Ringget and may increase to 3.5 B on 4G project. So that should answer his question, he said he put his money where his mouth is.
He said SHGReit will always be a reit, and will make sure its pay dividend and will not be like other reits even will go under becos of too agressive leveraging and acqusitions, but can't digust what they acquired.
The next acqusition may be in Londer for SHG Reit.
He promised to make this reit more raputable in the next 6 months with the new CEO and his team.
This one should be good in long run.
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XD on 3/05 ,next Monday. Tomorrow is the last day to buy Cum dividend.
This one from InvestIdeas
Today's AGM,
Chairman, F Yeoh gave unitholders the assurance that the new management team led by Ho Sing will bring SGreit to a higher level by leveraging brand name of YTL, Starhill and Lot 10.
This will be a long term holding reit that they promised to payout good dividend even in bad time.
Internally they will cap their gearing to maximum 40% instead of the 60% which is permitable by By Law.
The AEI on Wisma Atria will be carried out in due course.
F. Yeoh spoke and carried himself well.
One shareholder ask FY one question. YTL wish to sell the malls in KL is it bevos he has less confidence in Malaysia.
He reply ws YTL invest about 2.5 Biliions Ringget and may increase to 3.5 B on 4G project. So that should answer his question, he said he put his money where his mouth is.
He said SHGReit will always be a reit, and will make sure its pay dividend and will not be like other reits even will go under becos of too agressive leveraging and acqusitions, but can't digust what they acquired.
The next acqusition may be in Londer for SHG Reit.
He promised to make this reit more raputable in the next 6 months with the new CEO and his team.
This one should be good in long run.
Starhill Global REIT: BUY S$0.64; Bloomberg: SGREIT SP
Retail portfolio pulling ahead;
Price Target : S$ 0.73
By: DBSV
At a Glance
· 1Q10 DPU of 0.95 Scts in line, 24% of FY10F
· Receipt commitment for new 3 and/or 5 year facility to refinance chunky short term debt
· Maintain BUY, TP S$0.73 maintained.
Comment on Results
1Q10 DPU of 0.95 Scts in line. Gross revenues and net property income were
higher by 9.6% yoy and 7.7% yoy to S$37.6m and S$29.1m respectively. This
was mainly attributed to new contribution from newly acquired David Jones
asset (DJA) & stronger retail performance offset by weaker office revenues
& lower earnings from its Japanese assets. Distributable income came in at
S$18.3m (+2.0% yoy), translating to a DPU of 0.95 Scts.
Resilient underlying performance. Portfolio performance for its retail
component remains resilient (Singapore retail +3% yoy, +4% qoq), offsetting
a weaker office showing due to lower occupancies (-4%yoy, +4% qoq).
Overseas properties less DJA was 4% lower due to weaker RMB coupled with
lower occupancies in its Japanese properties.
Refinancing to be settled. SGREIT received a committed facility of up to S
$620m to address near maturing term loan of S$570m in Sep 2010. This is
positive news in our view, as it will add further visibility & certainty to
earnings going forward.
Recommendation
Maintain BUY, TP S$0.73 with prospective yields of 6.3-6.9%. SGREIT, with
well-located malls in Orchard shopping belt, remains a prime beneficiary of
the burgeoning tourist outlook and opening of the 2 IRs. Catalysts for
re-rating will hinge on further certainty on the REIT’s proposed AEI plans
for Wisma Atria going forward. Maintain BUY.
Tan Sri Dato’ (Dr) Francis Yeoh, Executive Chairman of YTL Pacific Star, said, “We continue to be
moderately optimistic on the performance of our portfolio of retail malls with the general improvement in
business sentiment in most of the markets that we operate. Our Singapore properties, Wisma Atria and
Ngee Ann City, continue to anchor the portfolio, contributing 75.5% of total revenue during the quarter.
Despite the opening of new malls and increased competition along Orchard Road, shopper traffic at
Wisma Atria was 6.5 million for the quarter, an increase of 88.0% compared to the year ago. The welltimed
acquisition of David Jones building in Perth has allowed us to count another quality mall in our
portfolio of prime retail assets and provides Starhill Global REIT with enhanced geographical
diversification. Acquired at a cap rate of 7.9%, the David Jones Building was immediately accretive,
contributing to 7.1% of total revenue during the quarter. The mall will provide Starhill Global REIT with
strong and stable recurring income, with the benefit of rental upside from a rent review every three years
until October 2032.
“The Board is pleased to welcome Mr. Ho Sing onboard as Chief Executive Officer of YTL Pacific Star to
take Starhill Global REIT to the next stage of its growth cycle. Mr. Ho comes with excellent credentials
and a wealth of management, leadership and global investment experience. Mr. Ho is a great addition to
an already strong management team and will assist the Executive Chairman and the Board in the
formulation of business, investment and operational strategies for Starhill Global REIT and the
implementation of these strategies, including overseeing investment and asset management strategies.
Mr. Ho will also work closely with the Board to bring to fruition the strategic initiatives that will deliver longterm
superior returns to our Unitholders.”
Update on capital management
In April 2010, Starhill Global REIT received a committed 3 and/or 5 year fully underwritten bank facility
proposal of up to S$620.0 million. The said facility will be utilized to refinance Starhill Global REIT’s
existing debt obligations and to meet working capital requirements. Starhill Global REIT’s outstanding
debt was S$702.3 million as of 31 March 2010, of which S$570.0 million or 81.2% matures in September
2010.
I am looking at 70-80cts trading range at least by 4Q10 when the divs hit ~ 4.5cts pa - yield ~ 6%.
Meantime, lets keep an eye on its 1Q10 result to be release after market close today. With the addition of Australia earning, divs should have 1ct i guess.
No looking back.
If this time round can break 0.65 then it will be sustainable.... hold it and see for yourself....
Also looking at asia F&P and jaya closely.......
Cheers ^_^
Hohoho! closing today at 52 wks high before Monday's result announcement....more good news to come?
1Q results due out early next week. Watch out guys. Cheers.
