Friday, January 08, 2010

Gearing – January 2010

New Data (Major Shareholders) for the Month

  • 8 Jan 10 : PLife – Invesco From 5.06 % To 4.93 % (6-Jan-10)
  • 7 Jan 10 : LMIR – Penta From 5.13 % To 4.93 % (6-Jan-10)


 

REIT

Assets

Debts

Gearing

Shares

Major Shareholders

A-REIT

S$4695M

S$1407M

30.5%

1,869,920,057

Ascendas 20.66% ; Capital Grp 5.82% ; ING 6.007%

AscottREIT

S$1637M

S$639M

41.5%

616,107,000

Temasek 48.0%

Cambridge

S$917M

S$390M

42.6%

867,545,934

MacKenzie 6.34% ; Yap Chin Kok (ChemPark, YCH) 5.668% ; Capital Grp 5.9153%

CapitaRChina

S$1228M

S$411M

34.4%

622,854,695

Capitaland 40.04% (CMT 20%) ; Capital Grp 7.9454% ; PGGM 7.64%

CCT

S$6339M

S$1979M

31.2%

2,811,072,381

Temasek 31.97% ; Cohen 5.036%

CDL HTrust

S$1521M

S$307M

20.2%

836,660,931

Hong Leong 40.06% ; CS 6.8682% ; BOA 5.05%

CMT

S$7448M

S$2198M

30.4%

3,178,584,164

Temasek 29.65% ; NTUC 5.98% ; Capital Grp 8.0182%

First REIT

S$338M

S$50.8M

15.6%

275,474,366

Lippo 20.3% ; RZB 9.2% ; CIM 5.9%

Fortune

HK$9149M

HK$2349M

25.7%

827,513,733

Cheung Kong 32.35% ; DBS 5.88% ; Schroder 8.414%

FrasersCT

S$1165M

S$349M

29.9%

626,565,443

F&N 51% ; AIA 6.0126% ; Capital Group 7.4585%

FrasersComm

S$2063M

S$803M

38.9%

3,033,587,241

F&N 23% ; Farallon 6.22%

K-REIT

S$1970M

S$578M

29.5%

666,703,965

Temasek 75.16%

LMIR

S$1061M

S$125M

11.8%

1,074,848,703

Lippo 18.39% ; MapleTree 13.18% ; Stitching 9.42% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03%

MacCookIReit

S$505M

S$226M

44.7%

266,385,094

AMP 16.11% ; George Wang 7.45% ; Stitching 7.32% ; UBS 5.76% ; Lion 6.98% ; USS 8.95%

MapleTree

S$3035M

S$1175M

38.1%

1,939,315,301

Temasek 44.41% ; Capital Grp 7.14% ; BOA 6.84% ; Alliance Global Prop 5.74%

PLife

S$1076M

S$249M

23.2%

603,736,000

Newbridge 44.9% (Parkway + TPG Capital) ; Sunil 6.03%

Saizen

JPY51,326M

JPY22,804M

43.5%

952,770,055

V-Nee Yeh (ASM, HCL) 20.201% ; Cube Capital 5.039%

Starhill Gbl

S$2298M

S$625M

27.2%

1,932,468,170

YTL 28.90% ; AIA 11.11%

Suntec

S$5397M

S$1877M

34.3%

1,737,800,826

Asean Inv 5.4439% ; Shaw 5.81% ; Cheng YT 5.81%

Notes :

  • This table will be updated only as and when new data are available
  • The Major Shareholders data may not be up-to-date. Pls chk SGX Annc to verify
Posted by KK at 11:08 PM

January 2010

Results Announcement

  • 20 Jan 10 (AM) : CCT
  • 21 Jan 10 (AM) : ART
  • 21 Jan 10 (AM) : MapleTree
  • 22 Jan 10 (AM) : CMT
  • 22 Jan 10 : PLife
  • 27 Jan 10 : Cambridge
  • 28 Jan 10 (AM) : StarHill Global


 

REITs : Average Yield = 6.944% (Excl. Saizen)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Cambridge

Q3 : Sep-09

1.344

S$0.465

11.467%

S$0.60

Industrial

AIMSAMPIReit

1H10 (Proforma – Rights)

1.04

S$0.225

9.244%

S$0.31

Industrial

LMIR

Q3 : Sep-09

1.22

S$0.52

9.385%

S$0.7443

Malls - Indonesia

First REIT

Q3 : Sep-09

1.90

S$0.86

8.860%

S$0.9267

Hospitals + Hotel (Indonesia)

Suntec

Q3 : Sep-09

2.921

S$1.42

8.161%

S$1.946

Malls + Office

Fortune

1H09 (Proforma – Rights)

12.03

HK$3.23

7.449%

HK$4.98

Malls (HK)

MapleTree

Q3 : Sep-09

1.48

S$0.795

7.447%

S$0.86

Industrial

Starhill Gbl

Q3 : Sep-09

0.95

S$0.545

6.917%

S$0.80

Malls + Office

AscottREIT

Q3 : Sep-09

1.92

S$1.35

5.689%

S$1.32

Serviced Apts (Regional)

CCT

Q3 : Sep-09

1.85

S$1.15

6.383%

S$1.49

Office

PLife

Q3 : Sep-09

1.91

S$1.35

5.667%

S$1.32

Hospitals

CapitaRChina

Q3 : Sep-09

2.02

S$1.31

6.115%

S$1.10

Malls (China)

A-REIT

Q2 : Sep-09

3.48*

S$2.03

6.754%

S$1.58

Industrial

FrasersCT

Q4 : Sep-09

2.04

S$1.43

5.706%

S$1.22

Malls

FrasersComm

Q3 : Sep-09

0.2

S$0.155

5.161%

S$0.27

Malls + Office (S'pore + Aust)

K-REIT

FY08 (Proforma – Rights)

6.08

S$1.19

5.109%

S$1.49

Office

CMT

Q3 : Sep-09

2.35

S$1.87

4.984%

S$1.54

Malls + Office

CDL HTrust

Q3 : Sep-09

2.04

S$1.80

4.494%

S$1.41

Hotels

Saizen

Q3 : Sep-09

--

S$0.16

--

S$0.41

Residential (Japan)

NOTES :

  • Mkt Price is as on 8-Jan-10
  • FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)
  • Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
  • MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
  • MI-REIT : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
  • PLife : Annualised DPU = 7.65ct
  • Fortune : Q309 DPU = HK9.75ct ; DPU Not Paid as Semi-Annual Payout Policy
  • CDLHTrust : Annualised DPU = 8.09ct ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Gbl : Annualised DPU = 3.77ct
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • Cambridge : Annualised DPU = 5.332ct ; Cambridge A DPU = 0.708ct (12-Aug-09 to 30-Sep-09)
  • Suntec : Annualised DPU = 11.589ct
  • FrasersComm : Annualised DPU = 0.8ct
  • CRCT : Annualised DPU = 8.01ct ; DPU Not Paid as Semi-Annual Payout Policy
  • FCT : DPU = 1.95ct if exclude Retained Income from Previous Quarters
  • CMT : Annualised DPU = 9.32ct
  • FirstREIT : Annualised DPU 7.62ct
  • CCT : Annualised DPU = 7.34ct ; DPU Not Paid as Semi-Annual Payout Policy
  • A-REIT : DPU = 1.94ct (1-Jul to 19-Aug ; Paid on 23-Sep) + 1.54ct (20-Aug to 30-Sep) ; * Above Yield is Calculated Using DPU = 1.54ct for the Period 20-Aug to 30-Sep.
  • KREIT : Annualised DPU = 10.67ct ; DPU Not Paid as Semi-Annual Payout Policy
  • KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
  • Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
  • Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
  • Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
  • AREIT : Private Placement - 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
  • FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) - DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
  • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) - DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
  • CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) - DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
  • Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
  • CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
  • LMIR : IPO Forecast - FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
  • Saizen : IPO Forecast - FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
  • PLife : IPO Forecast - 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct

 
 

 
 

Shipping Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

PacShipTr US$

Q3 : Sep-09

0.818

US$0.27

12.119%

$0.40

Shipping Trust

FSL Trust

Q3 : Sep-09

1.50

S$0.60

13.982%

$0.63

Shipping Trust

Rickmers

Q3 : Sep-09

0.6

S$0.405

8.286%

$0.88

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3982:US$1 fm Yahoo Finance)
  • Rickmers : 13% Payout
  • FSL : Q309 DPU = US1.5ct (50% Payout) ; US1.27ct (Stub Distribution) Already Paid Out ; Balance US0.23ct
  • PST : 70% Payout

 
 

 
 

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q2 : Sep-09

1.05

$0.62

6.774%

$0.43*

Infrastructure - Water, Gas

AscendasIndT

1H : Sep-09

3.91

$1.01

7.743%

$0.84

India - Industrial Park

HWT

2H : Dec-09 (Forecast)

2.86

$0.71

8.056%

$0.76

China - Water Plant

Indiabulls

Q2 : Sep-09

--

$0.30

--

$0.7242

India - Office

NOTES :

  • Indiabulls : No DPU Declared
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.52
  • HWT : Q309 DPU = 1.16ct (Not Paid Out as Semi-Annual Payout Policy ; Excludes Sponsor Waiver) ; 2H09 DPU Forecast = 2.86ct (With Sponsor Waiver)
  • a-iTrust : DPU = 1.85ct (Sep) + 2.06ct (Jun)
  • IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
  • CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
  • HWT : DPU = 2.56ct (With Sponsor Waiver) ; Sponsor DPU = 1.77ct
  • HWT : DPU Forecast - 1H09 = 2.56ct ; 2H09 = 2.86ct
  • Indiabulls : Listing on 11-Jun-08 2PM
  • Indiabulls : IPO Forecast - 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
Posted by KK at 5:43 PM

Saturday, January 02, 2010

Happy New Year !

Posted by KK at 11:34 AM

Thursday, December 31, 2009

Gearing – December 2009

New Data (Major Shareholders) for the Month

  • 31 Dec 09 : LMIR – Lippo From 19.73 % To 18.39 % (30-Dec-09)
  • 23 Dec 09 : MapleTree – BOA From 7.03 % To 6.84 % (21-Dec-09)
  • 4 Dec 09 : Cambridge – MacKenzie Cundill Recovery Fund From 3.4% to 6.34% (6-Nov-09)


 

REIT

Assets

Debts

Gearing

Shares

Major Shareholders

A-REIT

S$4695M

S$1407M

30.5%

1,869,920,057

Ascendas 20.66% ; Capital Grp 5.82% ; ING 6.007%

AscottREIT

S$1637M

S$639M

41.5%

616,107,000

Temasek 48.0%

Cambridge

S$917M

S$390M

42.6%

867,545,934

MacKenzie 6.34% ; Yap Chin Kok (ChemPark, YCH) 5.668% ; Capital Grp 5.9153%

CapitaRChina

S$1228M

S$411M

34.4%

622,854,695

Capitaland 40.04% (CMT 20%) ; Capital Grp 7.9454% ; PGGM 7.64%

CCT

S$6339M

S$1979M

31.2%

2,811,072,381

Temasek 31.97% ; Cohen 5.036%

CDL HTrust

S$1521M

S$307M

20.2%

836,660,931

Hong Leong 40.06% ; CS 6.8682% ; BOA 5.05%

CMT

S$7448M

S$2198M

30.4%

3,178,584,164

Temasek 29.65% ; NTUC 5.98% ; Capital Grp 8.0182%

First REIT

S$338M

S$50.8M

15.6%

275,474,366

Lippo 20.3% ; RZB 9.2% ; CIM 5.9%

Fortune

HK$9149M

HK$2349M

25.7%

827,513,733

Cheung Kong 32.35% ; DBS 5.88% ; Schroder 8.414%

FrasersCT

S$1165M

S$349M

29.9%

626,565,443

F&N 51% ; AIA 6.0126% ; Capital Group 7.4585%

FrasersComm

S$2063M

S$803M

38.9%

3,033,587,241

F&N 23% ; Farallon 6.22%

K-REIT

S$1970M

S$578M

29.5%

666,703,965

Temasek 75.16%

LMIR

S$1061M

S$125M

11.8%

1,074,848,703

Lippo 18.39% ; MapleTree 13.18% ; Stitching 9.42% ; Penta Investments 5.34% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03%

MacCookIReit

S$505M

S$226M

44.7%

266,385,094

AMP 16.11% ; George Wang 7.45% ; Stitching 7.32% ; UBS 5.76% ; Lion 6.98% ; USS 8.95%

MapleTree

S$3035M

S$1175M

38.1%

1,939,315,301

Temasek 44.41% ; Capital Grp 7.14% ; BOA 6.84% ; Alliance Global Prop 5.74%

PLife

S$1076M

S$249M

23.2%

603,736,000

Newbridge 44.9% (Parkway + TPG Capital) ; Sunil 6.03% ; Invesco 5.0205%

Saizen

JPY51,326M

JPY22,804M

43.5%

952,770,055

V-Nee Yeh (ASM, HCL) 20.201% ; Cube Capital 5.039%

Starhill Gbl

S$2298M

S$625M

27.2%

1,932,468,170

YTL 28.90% ; AIA 11.11%

Suntec

S$5397M

S$1877M

34.3%

1,737,800,826

Asean Inv 5.4439% ; Shaw 5.81% ; Cheng YT 5.81%

Notes :

  • This table will be updated only as and when new data are available
  • The Major Shareholders data may not be up-to-date. Pls chk SGX Annc to verify
Posted by KK at 11:26 PM
Labels:

Performance – Dec 2009

STI +64.49% : 2897.62 (Dec-09) vs 1761.56 (2008)



Rank - Capital Gains

REIT

Dec-09

Dec-08

Gain

CDL HTrust

S$1.75

S$0.73

139.7%

MapleTree

S$0.785

S$0.35

124.3%

FrasersCT

S$1.40

S$0.63

122.2%

CapitaRChina

S$1.28

S$0.60

113.3%

AscottREIT

S$1.20

S$0.58

106.9%

First REIT

S$0.815

S$0.405

101.2%

Suntec

S$1.35

S$0.71

90.1%

Cambridge

S$0.45

S$0.275

63.6%

LMIR

S$0.505

S$0.31

62.9%

A-REIT

S$2.22

S$1.37

62.0%

PLife

S$1.22

S$0.76

60.5%

Fortune

HK$3.13

HK$1.99

57.3%

K-REIT

S$1.10

S$0.54

57.1%

CCT

S$1.17

S$0.855

30.7%

Saizen

S$0.15

S$0.13

15.4%

CMT

S$1.80

S$1.59

13.2%

StarHill Gbl

S$0.525

S$0.52

1.0%

MI-REIT

S$0.215

S$0.255

-15.7%

FrasersComm

S$0.14

S$0.235

-40.4%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Dec-09 : End Dec-09 Mkt Price
  • Dec-08 : End Dec-08 Mkt Price

Gain : Capital Gains = (Dec-09 Mkt Price - Dec-08 Mkt Price) / (Dec-08 Mkt Price)
Posted by KK at 4:08 PM
Labels:

Month End Prices - 2009


 

REIT

Jul

Aug

Sep

Oct

Nov

Dec

A-REIT

S$1.70

S$1.65

S$1.93

S$1.86

S$1.94

S$2.22

AIMSAMPIReit

S$0.40

S$0.37

S$0.38

S$0.415

S$0.205

S$0.215

AscottREIT

S$0.88

S$0.87

S$0.965

S$1.06

S$1.06

S$1.20

Cambridge

S$0.42

S$0.43

S$0.455

S$0.465

S$0.415

S$0.45

CapitaRChina

S$1.39

S$1.25

S$1.22

S$1.13

S$1.17

S$1.28

CCT

S$0.855

S$0.89

S$1.04

S$1.07

S$1.15

S$1.17

CDL HTrust

S$1.21

S$1.41

S$1.44

S$1.59

S$1.49

S$1.75

CMT

S$1.58

S$1.63

S$1.85

S$1.60

S$1.72

S$1.80

First REIT

S$0.695

S$0.69

S$0.67

S$0.705

S$0.765

S$0.815

Fortune

HK$4.16

HK$3.72

HK$2.58

HK$2.80

HK$2.73

HK$3.13

FrasersComm

S$0.19

S$0.16

S$0.16

S$0.145

S$0.135

S$0.14

FrasersCT

S$1.03

S$1.01

S$1.15

S$1.21

S$1.24

S$1.40

K-REIT

S$1.07

S$1.08

S$1.18

S$1.04

S$0.985

S$1.10

LMIR

S$0.43

S$0.48

S$0.46

S$0.47

S$0.47

S$0.505

MapleTree

S$0.595

S$0.66

S$0.77

S$0.75

S$0.73

S$0.785

PLife

S$1.02

S$1.06

S$1.16

S$1.23

S$1.21

S$1.22

Saizen

S$0.15

S$0.155

S$0.145

S$0.145

S$0.145

S$0.15

StarHill Gbl

S$0.545

S$0.545

S$0.60

S$0.58

S$0.51

S$0.525

Suntec

S$1.09

S$1.00

S$1.06

S$1.20

S$1.29

S$1.35


 

REIT

Jan

Feb

Mar

Apr

May

Jun

A-REIT

S$1.46

S$1.26

S$1.22

S$1.34

S$1.52

S$1.59

AIMSAMPIReit

S$0.255

S$0.215

S$0.23

S$0.285

S$0.38

S$0.33

AscottREIT

S$0.56

S$0.36

S$0.41

S$0.50

S$0.665

S$0.68

Cambridge

S$0.285

S$0.23

S$0.25

S$0.295

S$0.365

S$0.35

CapitaRChina

S$0.725

S$0.67

S$0.735

S$0.80

S$1.18

S$1.07

CCT

S$0.955

S$0.755

S$0.88

S$0.855

S$1.13

S$0.82

CDL HTrust

S$0.65

S$0.51

S$0.52

S$0.58

S$0.79

S$0.83

CMT

S$1.60

S$1.43

S$1.32

S$1.25

S$1.33

S$1.40

First REIT

S$0.45

S$0.445

S$0.50

S$0.565

S$0.605

S$0.63

Fortune

HK$2.25

HK$2.27

HK$2.67

HK$3.10

HK$3.63

HK$3.74

FrasersComm

S$0.23

S$0.16

S$0.14

S$0.17

S$0.24

S$0.24

FrasersCT

S$0.69

S$0.61

S$0.63

S$0.74

S$0.91

S$0.865

K-REIT

S$0.625

S$0.54

S$0.595

S$0.67

S$0.93

S$0.975

LMIR

S$0.285

S$0.185

S$0.22

S$0.29

S$0.33

S$0.355

MapleTree

S$0.385

S$0.39

S$0.375

S$0.43

S$0.605

S$0.555

PLife

S$0.79

S$0.77

S$0.76

S$0.76

S$0.94

S$0.925

Saizen

S$0.105

S$0.10

S$0.115

S$0.18

S$0.14

S$0.13

StarHill Gbl

S$0.515

S$0.465

S$0.455

S$0.48

S$0.705

S$0.635

Suntec

S$0.66

S$0.575

S$0.63

S$0.735

S$0.95

S$0.86
Posted by KK at 3:43 PM
Labels:

December 2009


 

REITs : Average Yield = 7.210% (Excl. Saizen)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Cambridge

Q3 : Sep-09

1.344

S$0.45

11.849%

S$0.60

Industrial

AIMSAMPIReit

1H10 (Proforma – Rights)

1.04

S$0.215

9.674%

S$0.31

Industrial

LMIR

Q3 : Sep-09

1.22

S$0.505

9.663%

S$0.7443

Malls - Indonesia

First REIT

Q3 : Sep-09

1.90

S$0.815

9.350%

S$0.9267

Hospitals + Hotel (Indonesia)

Suntec

Q3 : Sep-09

2.921

S$1.35

8.584%

S$1.946

Malls + Office

Fortune

1H09 (Proforma – Rights)

12.03

HK$3.13

7.687%

HK$4.98

Malls (HK)

MapleTree

Q3 : Sep-09

1.48

S$0.785

7.541%

S$0.86

Industrial

Starhill Gbl

Q3 : Sep-09

0.95

S$0.525

7.181%

S$0.80

Malls + Office

AscottREIT

Q3 : Sep-09

1.92

S$1.20

6.400%

S$1.32

Serviced Apts (Regional)

CCT

Q3 : Sep-09

1.85

S$1.17

6.274%

S$1.49

Office

PLife

Q3 : Sep-09

1.91

S$1.22

6.270%

S$1.32

Hospitals

CapitaRChina

Q3 : Sep-09

2.02

S$1.28

6.258%

S$1.10

Malls (China)

A-REIT

Q2 : Sep-09

3.48*

S$2.22

6.176%

S$1.58

Industrial

FrasersCT

Q4 : Sep-09

2.04

S$1.40

5.829%

S$1.22

Malls

FrasersComm

Q3 : Sep-09

0.2

S$0.14

5.714%

S$0.27

Malls + Office (S'pore + Aust)

K-REIT

FY08 (Proforma – Rights)

6.08

S$1.10

5.527%

S$1.49

Office

CMT

Q3 : Sep-09

2.35

S$1.80

5.178%

S$1.54

Malls + Office

CDL HTrust

Q3 : Sep-09

2.04

S$1.75

4.623%

S$1.41

Hotels

Saizen

Q3 : Sep-09

--

S$0.15

--

S$0.41

Residential (Japan)

NOTES :

  • Mkt Price is as on 31-Dec-09
  • Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
  • MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
  • MI-REIT : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
  • PLife : Annualised DPU = 7.65ct
  • Fortune : Q309 DPU = HK9.75ct ; DPU Not Paid as Semi-Annual Payout Policy
  • CDLHTrust : Annualised DPU = 8.09ct ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Gbl : Annualised DPU = 3.77ct
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • Cambridge : Annualised DPU = 5.332ct ; Cambridge A DPU = 0.708ct (12-Aug-09 to 30-Sep-09)
  • Suntec : Annualised DPU = 11.589ct
  • FrasersComm : Annualised DPU = 0.8ct
  • CRCT : Annualised DPU = 8.01ct ; DPU Not Paid as Semi-Annual Payout Policy
  • FCT : DPU = 1.95ct if exclude Retained Income from Previous Quarters
  • CMT : Annualised DPU = 9.32ct
  • FirstREIT : Annualised DPU 7.62ct
  • CCT : Annualised DPU = 7.34ct ; DPU Not Paid as Semi-Annual Payout Policy
  • A-REIT : DPU = 1.94ct (1-Jul to 19-Aug ; Paid on 23-Sep) + 1.54ct (20-Aug to 30-Sep) ; * Above Yield is Calculated Using DPU = 1.54ct for the Period 20-Aug to 30-Sep.
  • KREIT : Annualised DPU = 10.67ct ; DPU Not Paid as Semi-Annual Payout Policy
  • KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
  • Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
  • Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
  • Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
  • AREIT : Private Placement - 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
  • FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) - DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
  • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) - DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
  • CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) - DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
  • Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
  • CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
  • LMIR : IPO Forecast - FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
  • Saizen : IPO Forecast - FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
  • PLife : IPO Forecast - 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct

 
 

 
 

Shipping Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

PacShipTr US$

Q3 : Sep-09

0.818

US$0.27

12.119%

$0.40

Shipping Trust

FSL Trust

Q3 : Sep-09

1.50

S$0.60

14.026%

$0.63

Shipping Trust

Rickmers

Q3 : Sep-09

0.6

S$0.375

8.977%

$0.88

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4026:US$1 fm Yahoo Finance)
  • Rickmers : 13% Payout
  • FSL : Q309 DPU = US1.5ct (50% Payout) ; US1.27ct (Stub Distribution) Already Paid Out ; Balance US0.23ct
  • PST : 70% Payout

 
 

 
 

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q2 : Sep-09

1.05

$0.59

7.119%

$0.43*

Infrastructure - Water, Gas

AscendasIndT

1H : Sep-09

3.91

$0.98

7.980%

$0.84

India - Industrial Park

HWT

2H : Dec-09 (Forecast)

2.86

$0.70

8.171%

$0.76

China - Water Plant

Indiabulls

Q2 : Sep-09

--

$0.26

--

$0.7242

India - Office

NOTES :

  • Indiabulls : No DPU Declared
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.52
  • HWT : Q309 DPU = 1.16ct (Not Paid Out as Semi-Annual Payout Policy ; Excludes Sponsor Waiver) ; 2H09 DPU Forecast = 2.86ct (With Sponsor Waiver)
  • a-iTrust : DPU = 1.85ct (Sep) + 2.06ct (Jun)
  • IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
  • CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
  • HWT : DPU = 2.56ct (With Sponsor Waiver) ; Sponsor DPU = 1.77ct
  • HWT : DPU Forecast - 1H09 = 2.56ct ; 2H09 = 2.86ct
  • Indiabulls : Listing on 11-Jun-08 2PM
  • Indiabulls : IPO Forecast - 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)


 
Posted by KK at 3:07 PM
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Thursday, December 24, 2009

Merry Christmas !

Posted by KK at 5:56 PM
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