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MEETING SCHEDULE FOR AGM
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_245EC61FB3D6D1184825785E0017B349/$file/StarhillGbl_NoticeOfAGM_25Mar2011.pdf?openelement
Starhill Global REIT: Positive on Wisma’s facelift but Japan Earthquake created a dent
Summary: Starhill Global REIT announced its plan to embark on asset redevelopment of Wisma Atria to boost the mall’s positioning along Singapore’s Orchard Road. The redevelopment will commence in 1Q11 and complete by 3Q12. We view this positively, in terms of both higher occupancy and rental rates after the enhancements. Starhill has seven retail malls located in central Tokyo, which contributed 4.6% of total gross revenue and 6.6% of portfolio value as at 31 Dec 2010. We expect retail sales in Japan to be impacted after the earthquake. We thus revised our FY11/FY12 gross revenue estimates down by 5% to adjust for the declining sales and rental income. Our sensitivity analysis also shows a 5% drop in the rental income of Starhill’s Japan assets will decrease its fair value by 0.4 S-cents. Starhill is currently trading at a PBR of 0.66x, which is lower than its historical PBR of 0.73x since listing. Notwithstanding that the Japan crisis has bitten into Starhill’s earnings, we still believe in its prime assets positioning, strong sponsor and sound financials. Maintain BUY with a decreased fair value estimate of S$0.69.
Summary: Starhill Global REIT announced its plan to embark on asset redevelopment of Wisma Atria to boost the mall’s positioning along Singapore’s Orchard Road. The redevelopment will commence in 1Q11 and complete by 3Q12. We view this positively, in terms of both higher occupancy and rental rates after the enhancements. Starhill has seven retail malls located in central Tokyo, which contributed 4.6% of total gross revenue and 6.6% of portfolio value as at 31 Dec 2010. We expect retail sales in Japan to be impacted after the earthquake. We thus revised our FY11/FY12 gross revenue estimates down by 5% to adjust for the declining sales and rental income. Our sensitivity analysis also shows a 5% drop in the rental income of Starhill’s Japan assets will decrease its fair value by 0.4 S-cents. Starhill is currently trading at a PBR of 0.66x, which is lower than its historical PBR of 0.73x since listing. Notwithstanding that the Japan crisis has bitten into Starhill’s earnings, we still believe in its prime assets positioning, strong sponsor and sound financials. Maintain BUY with a decreased fair value estimate of S$0.69.
ADDITION OF S-REIT CONSTITUENTS IN BENCHMARK INDEX
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7586CA65CA24A3534825785A003CF470/$file/StarhillGbl_AdditionBenchmarkIndex_21March2011.pdf?openelement
UPDATE ON PROPERTIES FOLLOWING EARTHQUAKE IN JAPAN
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A472B0F95C5534DB4825785300194D1A/$file/StarhillGbl_UpdateOnJapanQuake_14Mar2011.pdf?openelement
Positive news will enhance its share price... this one go against the tide today!
205 millions NPI will add 0.12 cent to DPU.
STARHILL GLOBAL REIT ANNOUNCES ASSET REDEVELOPMENT OF WISMA ATRIA
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_45B58D419CE850944825784500198999/$file/StarhillGbl_WismaAtriaAssetRedevelopment_28Feb2011.pdf?openelement
Total Distribution of 1.04 cents per Unit comprising (1) Distribution of Taxable Income of 0.75 cents per Unit; (2) Distribution of Capital of 0.22 cents per Unit; and (3) Distribution of Tax-exempt Income of 0.07 cents per Unit. CPU Holders entitled to distribution of 1.3937 cents per CPU
DATE OF RELEASE OF STARHILL GLOBAL REIT’S FINANCIAL STATEMENTS FOR FOURTH QUARTER AND FULL YEAR ENDED 31 DECEMBER 2010
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AB2181A1EB23EA2248257815003D66E7/$file/StarhillGbl_DateOfRelease4Q2010.pdf?openelement
will likely rise to $0.80 this year, closer to its book value of $0.90.
BBs seem to be collecting this counter lately.
running on its own, ignoring market movements.until now still 62cts. same as GK Goh.
I had some questions primarily related to the issue of CPUs as well as other questions which I wanted to ask them... Mailed them using the investor relations emails provided at their website almost 3 weeks ago, but they did not respond to me at all, even though I sent another chaser last week.
Have anyone tried contacting their investor relations before? Investor PR seems pretty poor to me with this experience.
A director bought 50,000 lots at $0.62. More to come...
Oic... it'll be good if they bought malls in spore instead. No risk of lost due to the common excuses like currency lost, weak economy etc blah blah blah.
Blastoff ( Date: 11-Dec-2010 14:32) Posted:
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If I remember correctly, they are currently looking at oversea acquisition.
aircraft ( Date: 11-Dec-2010 09:20) Posted:
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I'm going in at 0.6 - 0.61 range. Any news of them buying more in Singapore ?
THIRD QUARTER RESULTS FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
New release
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_590E79EE2F0531C9482577C80038FD9A/$file/StarhillGbl_3Q10NewsRelease_26Oct10.pdf?openelement
Financials report
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_590E79EE2F0531C9482577C80038FD9A/$file/StarhillGbl_3Q10Financials_26Oct10.pdf?openelement
Wonder how much they will give this time round?
Blastoff ( Date: 12-Oct-2010 19:03) Posted:
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Date of Release of Starhill Global REIT's Financial Statements for Third Quarter Ended 30 September 2010
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_18085EDC49DC85F2482577BA00357DA8/$file/StarhillGbl_DateOf3Q10ResultsAnnouncement.pdf?openelement